USA > Massachusetts > Essex County > Newburyport > City Officers and the Annual Reports to the City Council of Newburyport 1923 > Part 4
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217.50
From general treasury to balance
133.25
$450.75
Payments
Balance due for payments made in 1922
$120.75
Cash disbursements 330.00
$450.75
77
CITY AUDITOR Care of Soldiers' Graves
Appropriation
$50.00
Payments
Cash payments
$21.75
Balance to general treasury $28.25
1
78
ANNUAL REPORT
EDUCATION
Salaries
Appropriation
$102,000.00
From general treasury to balance
2,242.49
$104,242.49
Payments
Superintendent
$2,583.33
Clerical assistance
1,887.62
Truant Officer
1,029.11
High School Teachers
28,485.52
Elementary School teachers
55,380.54
Drawing teacher
1,147.00
Music teacher
1,152.50
Cooking and sewing school teachers
2,105.00
School nurse
1,152.50
Evening school teachers
661.00
Manual Training teacher
450.00
Physical director
200.00
Penmanship instructor
50.00
Noon caretaker
140.00
Laboratory assistants
48.00
Janitor's services
7,770.37
$104,242.49
Miscellaneous
Appropriation
$9,000.00
Sale of old books and supplies
362.52
Use of telephone
16.60
From general treasury to balance
363.80
$9,742.92
79
CITY AUDITOR
Revenue, credited to income account
Tuition
$5,066.29
Putnam trustees
1,200.00
Brown Fund
708.12
From State, tuition
401.62
$7,376.03
Payments
Administration
Office supplies and stationery
$62.63
Printing and advertising
246.88
Printing school reports
176.00
Traveling expenses
68.02
Typewriter supplies and repairs
51.25
Repairs on mimeograph
10.70
Telephone rental
381.08
Postage and post office box rent
91.09
$1,087.65
Miscellaneous
Text Books and Supplies
Text books
$3,639.54
Stationery, cards and supplies
1,216.23
Drawing supplies
1,037.74
Lavatory supplies
92.75
Transportation
786.20
Diplomas and graduation expenses
140.75
Tuning and hiring pianos
55.75
Sewing and cooking school supplies
377.66
Cooking school laundry
9.62
Flag
3.15
Laboratory supplies
423.55
Support of truants
208.00
Janitor's supplies
104.16
Freight and express
173.79
Manual training supplies
386.38
.
$8,655.27
$9,742.92
80
ANNUAL REPORT
FUEL
Appropriation
$8,500.00
From general treasury to balance
404.89
$8,904.89
Payments
Bromfield St. School
Coal.
$557.39
Wood.
20.00
$577.39)
Currier School
Coal.
1,052.16
Wood.
215.00
1,267.16
Curtis School
Coal.
893.34
Wood.
117.00
1,010.34
Hancock St. School
Coal.
665.09
Wood.
30.00
695.09
High School
Coal: .
1,496.73
Wood.
22.90
1,492.63
Jackman School
Coal.
622.97
Wood
25.00
647.97
Davenport School
Coal
1,063.15
Wood.
30.00
1,093.15
Kelley School
Coal.
1,461.23
Wood
84.00
1,545.23
81
CITY AUDITOR
Temple St. School
Coal.
413.84
Wood.
. .
2.00
415.84
Purchase St. School
Coal.
62.20
62.20
Moultonville School
Coal.
82.89
Wood. .
15.00
97.89
$8,904.89
Lighting
Appropriation
$650.00
From general treasury to balance
85.97
$735.97
Payments
Currier School
63.63
Curtis School
21.92
High School
483.20
Jackman School
35.30
Kelley School
58.57
Purchase St. School
66.00
Temple St. School
7.35
$735.97
SCHOOL BUILDINGS
Appropriation
$4,500.00
Refund
108.00
Light of broken glass
.35
From general treasury to balance
797.20
$5,405.55
82
ANNUAL REPORT
Payments
Bromfield St. School
Carpenter and stock
$50.76
Plumber and stock
12.21
Paint and glass
6.87
Hardware
12.08
Mason and Stock
21.90
$103.82
Currier School
Carpenter and stock
86.24
Plumber and stock
9.99
Mason and stock
57.65
Electrician and stock
4.50
Repairs on heater
40.96
Floor oil
34.25
Hardware
. 37.77
$271.36
Curtis School
Carpenter and stock
166.16
Plumber and stock
140.76
Mason and stock
56.25
Electrician and stock
6.49
Repairs to heater
249.09
Repairs to clock
12.70
Labor on sewer
10.50
Manhole cover
5.20
Gravel
20.00
Hardware
36.52
$703.67
83
CITY AUDITOR
Davenport School
Carpenter and stock
$53.29
Plumber and stock
18.03
Mason and stock
5.15
Paint and glass
110.35
Repairs on heater
71.70
Hardware
26.55
$285.07
Hancock St. School
Carpenter and stock
$32.34
Plumber and stock
18.96
Mason and stock
22.87
Paint and glass
1.20
Gravel
8.30
Hardware
14.45
.. .
$98.12
High School
Carpenter and stock
$623.61
Electrician and stock
145.73
Mason and stock
124.80
Plumber and stock
69.80
Repairs on heater
190.70
Repairs on roof and gutters
115.35
Window ventilators
32.30
Insurance
187.20
Furniture and furnishings
94.13
Hardware
101.09
Paint and glass
21.96
Machinist and stock
5.00
Removing and installing bookcase .. 5.88
$1,717.55
84
ANNUAL REPORT
Jackman School
Carpenter and stock
$357.74
Mason and stock
100.45
Plumber and stock
117.23
Paint and glass
8.70
Repairs on heater
105.58
Hardware
97.51
Painting coving and gutters
228.00
$1,015.21
Kelley School
Carpenter and stock
$208.22
Plumber and stock
28.34
Paint and glass
148.04
Repairs on heater
44.54
Hardware
.
78.35
Machinist and stock
4.06
Labor on sewer
3.15
Disinfectant
19.50
Floor Oil
. 68.50
$602.70
Purchase St. School
Carpenter and stock
$8.90
Plumber and stock
9.40
Paint and glass
2.02
Hardware
.86
$21.18
Moultonville School
Carpenter and stock
$70.88
Plumber and stock
33.06
P Pa
85
CITY AUDITOR
Repairs on heater
5.00
Hardware 3.01
$111.95
Temple St. School
Carpenter and stock
3.00
Plumber and stock
5.65
Mason and stock
16.25
Paint and glass
4.05
Hardware . . 3.50
$32.45
All Schools
Moving and setting up lockers
8.25
Removal of ashes
4.70
Removal of snow and ice
102.00
Rent and light of room at public Library
292.00
Street Sprinkling commitment
29.52
Floor oil
2.50
Labor on fuel
3.50
$442.47
$5,405.55
New Primary School Building
Bond issue
$180,000.00
Sale of real estate
2,371.50
$182,371.50
Payments
Payments to architect
$7,738.32
Payments to contractor
99,978.00
86
ANNUAL REPORT
Survey, plans and blue prints
67.13
Certification of bond issue
415.00
Postage
3.10
Printing and advertising
23.45
Real estate purchased
20,409.94
Services of auctioneer
40.00
Freight and express
.98
$128,675.92
Balance forward
$53,695.58
87
CITY AUDITOR
PUBLIC LIBRARY
Salaries and Wages
Appropriation
$6,418.00
Income from Cole Fund
. 95.00
From general treasury to balance
191.23
$6,704.23
Revenue, credited to income account
Town of Newbury, use of library
$200.00
Dog Licenses 573.86
Income from Trust Funds :
J. M. Bradbury 48.05
C. M. Bradstreet
48.05
A. E. Cutter 153.05
S. M. Donnell 108.75
S. W. Marston 188.05
E. S. Moseley
188.05
W. O. Moseley
397.63;
E. H. Stickney
475.16
2,380.65
Payments
Salary of Librarian
$2,000.00
Salaries of Assistants
3,555.48
Salary of Janitor
1,148.75
$6,704.23
Books, Periodicals, etc.
Balance from 1922 $1,710.19
88
ANNUAL REPORT
Department Receipts
Interest on Trust Fund Income
$40.73
Interest on Trust Funds :
Daniel Foster
12.01
John J. Currier
47.50
W. H. P. Dodge
125.63
Nathan D. Dodge
42.50
J. A. Frothingham
50.00
S. A. Green
90.00
George Haskell
50.92
M. P. Sawyer
225.00
J. R. Spring
950.00
Benjamin G. Sweetser
237.50
W. C. Todd
657.68
A. Williams
45.00
$2,574.47
$4,284.66
Payments
Books
$1,368.25
Music books
126.19
Papers and magazines
609.89
Binding
550.38
Freight and express
9.35
$2,664.06
Balance Dec. 15, 1923
$1,620.60
Fuel
Appropriation
$900.00
Payments
Coal
$559.06
$340.94
Balance to general treasury
89
CITY AUDITOR
Lighting
Appropriation
$375.00 100.50
Use of lights
475.50
Payments
Electric lighting $319.98
Balance to general treasury
$155.52
Miscellaneous
Appropriation
$400.00
From school department, for rent, heating, etc.
200.00
Receipts from sale of paper and fines
183.45
Telephone tolls
.25
Lighting
6,00
$789.70
Payments
Telephone rental
$30.25
Stationery and office supplies
46.83
Post office box rent
8.00
Electrician and stock
50.28
Printing and advertising
151.86
Janitor's supplies
34.44
Ash removal
10.00
City teams
6.40
Repairs on heater
26.60
Lavatory supplies
7.50
Caning chairs
24.50
Freight and express
7.51
.
$404.17
.
Balance to general treasury
$385.53
90
ANNUAL REPORT
RECREATIONS
City Parks
Appropriation
$500.00
Income from Balch Fund
480.60
From general treasury to balance
53.46
$1,034.06
Payments
Labor as per payrolls
$855.75
Equipment and supplies
51.38
Hardware
22.63
Carpenter and stock, on band stand
33.80
Flag
15.00
Street sprinkling and commitment
. 55.50
$1,034.06'
Atkinson Common
Appropriation
$500.00
Income from A. G. Cutter Fund
500.00
Income from Gorwaiz fund
4.80
Ircome from Knight fund
19.23
1,024.03
Payments
Labor as per payrolls
$768.35
Carpenter and stock
81.56
Mason and stock
14.65
Cleaning tablets
62.25
91
CITY AUDITOR
Hardware and equipment
36.15
Trucking
966.976
Balance to general treasury $57.07
Riverside Park
Appropriation
$100.00
To general treasury
$100.00
Central Park and Playgrounds
Balance forward
$11,017.84
Appropriation
1,000.00
$12,017.84
Payments
Real estate purchased
$7,602.98
Contract, moving buildings
1,300.00
Labor as per payrolls
1,713.00
City teams
6.60
Extra teams hired
121.50
Manhole
23.35
Pipe
116.44
Cement and lumber
12.80
Printing and advertising
3.00
Bricks
66.00
$10,965.67
Balance forward
$1,052.17
Care of Moseley Woods
.Appropriation
$500.00
Balance forward
381.34
Income from N. E. Trust Co.
1,478.43
4.00
92
ANNUAL REPORT
Sale of wood
20.00
Sale of hay
5.00
Sale of apples
3.50
$2,388.27
Payments
Salary of caretaker
$660.00
Carpenter and stock, building settees
1,274.00
Trucking
2.00
Hardware
18.20
$1,954.20
Balance forward
$434.07
Playgrounds
Appropriation
$1,975.00
Refund
4.93
$1,979.93
Payments
Supervision of grounds
$240.00
Salaries of assistants
192.00
Labor as per payrolls
41.50
Salary of physical instructor
737.50
Sporting goods and equipment
144.96
Photos of North end playground
2.00
Drinking fountain
8.63
Plumber and stock
19.34
Carpenter and stock
16.88
$1,402.8/1
Balance to general treasury
$577.12
93
CITY AUDITOR Playground Supervisor
Balance forward $125.00
Payments
Supervisor $125.00
94
ANNUAL REPORT
CELEBRATIONS
Memorial Day
Appropriation
$400.00
Payments
Quartermaster Post 49, G. A. R. $400.00
Firemens' Memorial Sunday
Appropriation $75.00
Payments
Fire Department, Memorial Committee $75.00
American Legion Memorial Day
Appropriation
$100.00
Balance to general treasury $100.00
95
CITY AUDITOR
UNCLASSIFIED
City Clocks
Appropriation
. ........
$150.00
Payments
Salary of Superintendent of Clocks
$150.00
Water for Public Buildings
Appropriation
$1,500.00
Payments
Newburyport Water Works
$1,500.00
Other City Properties
Balance forward
$1,000.00
Appropriation
500.00
Rent
150.00
Sale of old material
7.00
$1,657.00
Payments
Taggart Fountain
$21.00
Carpenter and stock, almshouse
178.35
Blue prints and plans of Plains School
41.50
Survey, plans and blue prints of Ferry Wharf
54.75
Repairs on Janvrin's Landing
. .
1,240.00
$1,535.60
96
ANNUAL REPORT
Judgment Account
Tax levy, 1923
Balance forward
$1,200.00 120.00
$1,320.00
Payments
Balance forward
1,200.00
Peter Cacos, case
120.00
$1,320.00
Bronze Tablets for World War Veterans
Appropriation $1,000.00
Balance forward
1,484.87
$2,484.87
Payments
Typewriting
$50.85
Postage
38.76
Printing and advertising
2.75
Stationery and office supplies
8.70
$101.06
Balance forward $2,383.81
Photos of Soldiers
Balance forward
$57.00
Balance to general treasury $57.00
97
CITY AUDITOR
CEMETERIES
Income from sale of lots
$70.00
Appropriation
$1,750.00
From general treasury to balance
55.45
$1,805.45
Payments
Labor as per payrolls
$1,676.00
Teaming
15.75
Rent of driveway
20.00
Equipment and repairs
42.20
Plumber and stock
3.50
Printing and advertising
33.00
Water
15.00
$1,805.45
98
ANNUAL REPORT
TEMPORARY ACCOUNTS
Building Permits
Balance
$9.00
Permits issued by City Clerk
188.00
$197.00
Payments
To Inspector of Buildings
$188.00
Balance forward $9.00
SCHOOL TEACHERS' PENSIONS
From Teachers
..
$2,813.75
Payments
To Teachers' Retirement Association
$2,813.75
Uncalled for Claims
Balance Dec. 15, 1923 $186.26
County of Essex (Dog Account)
Balance Dec. 15, 1923 $4.00
99
CITY AUDITOR State of Massachusetts, Seal Bounty Payments
For seals shot
4.50
Receipts
State of Massachusetts
2.50
Balance
2.00
100
ANNUAL REPORT
PUBLIC SERVICE ENTERPRISES
Water Works
Balance, December 16, 1922 $6,509.43
Maintenance Accounts
Receipts
Water rates
$50,919.46
Meter rates
12,140.11
Sundry water supplies
539.60
City for fire service and buildings
5.000.00
Miscellaneous maintenance receipts
891.63
Interest on deposits
166.77
$69,657.57
Payments for Maintenance
Pumping station
18,246.34
Pumping station, Artichoke
5,561.92
General maintenance
6,109.37
Hydrant maintenance
1,178.70
Gate maintenance
1,036.39
Reservoir maintenance
42.18
Meter maintenance
79.05
Service pipe maintenance
4,671.30
Main pipe maintenance
913.34
Filter bed maintenance
1,893.92
Artichoke River maintenance
228.39
Automobile
439.50
Total maintenance 40,400.40 Net earnings $29,257.17
101
CITY AUDITOR
Payments for Debt
Bonds retired
$15,000.00
Interest on bonds
7,017.50
$22,017.50
ยท
Net income $7,239.67
Balance
$13,749.10
New Construction Accounts
Payments
Extension of mains
$2,196.85
Hydrant construction
102.99
Service pipe construction
2,035.83
Gate construction
26.66
Meters
219.45
Service pipe construction, Newbury
111.98
Total new construction, paid from earnings 4,693.76
Balance. December 15, 1923 $9,055.34
102
ANNUAL REPORT
INTEREST
Balance from 1922
$3,844.55
Appropriation
36,000.00
Accrued interest received
1,016.96
Transferred from balance account
2,800.46
$43,661.97
Revenue, Credited to Income Accounts
Interest on overdue taxes and assessments
$5,895.80
Interest from water commissioners
7,017.50
On bank deposits
5,641.16
$18,554.46
Payments
Interest on :
Plum Island Bridge Loan
$1,201.59
High School Bonds
3,571.26
Currier School Bonds
280.00
Water Bonds
8,330.00
Refunding J. V. F. bonds
2,480.00
Sewer Bonds
1,610.00
New Police Station bonds
280.00
Fire Dept. Equipment loan
87.50
Reconstruction Highway loans
14,874.22
Central Park and Playgrounds bonds 796.11
New Primary Schoolhouse bonds
6,651.29
Transferred
3,500.00
$43,661.97
103
CITY AUDITOR
MISCELLANEOUS
TRUST FUND INCOME
Atwood Fund
Cr.
Balance, Dec. 16, 1922
$628.28
From trustees of trust funds
. .... . . 661.49
$1,289.77
Dr.
Cash payments to beneficiaries
188.00
Balance December 15, 1923
$1,101.77
Balch Fund
Cr.
From trustees of trust funds
$480.60
Dr.
City Parks
$480.60
Bromfield Fund
Cr.
From trustees of trust funds $500.00
104
ANNUAL REPORT
Dr.
Tree Warden and care of trees
$250.00
Sidewalks and curbings
.... 250.00
$500.00
Cole Fund
Cr.
From trustees of trust funds
$95.00
Dr.
To Public Library salaries
$95.00
Dexter Fund
Cr.
Balance December 16, 1922
$233.48
From trustees of trust funds
86.58
Balance December 15, 1923
$320.06
FOLLANSBEE FUND
Cr.
Balance December 16, 1922
$247.03
From trustees of trust funds 153.92
$400.95
Dr.
Fuel for beneficiaries 98.65
Balance December 15, 1923 $302.30 .
105
CITY AUDITOR Gorwaiz Fund Cr.
From trustees of trust funds $4.80
Dr.
To Atkinson Common
$4.80
Charles Knight Fund
Cr.
From trustees of trust funds $19.23
Dr.
To Atkinson Common
$19.23
Paul A. Merrill Fund
Cr.
Balance December 16, 1922 $25.00
From trustees of trust funds 47.50
Dr.
$72.50
School Prize, D. C. Wells
10.00
Balance December 15, 1923
$62.50
Simpson Fund
Cr.
From trustees of trust funds $1,044.43
106
ANNUAL REPORT
Dr.
Balance December 16, 1922
$66.47 900.00
Street Sprinkling
966.47
Balance December 15, 1923 $77.96
Toppan Fund
Cr.
Balance Dec. 16, 1922
$38.77
From trustees of trust funds
11.88
$50.65
Dr.
School Prize, D. C. Wells
$12.50
Balance December 15, 1923
$38.15
107
CITY AUDITOR
MUNICIPAL INDEBTEDNESS
Gross city debt December 16, 1922 $657,274.91
Debts incurred during 1923
New Primary Schoolhouse
$180,000.00
Highway construction
175,000.00
City Hall Heating Plant
8,000.00
$363,000.00
Debts paid during year
Schoolhouse Bonds
$2,000.00
Water Bonds
15,000.00
Police Station Bonds
2,000.00
Paving State Street Loan
1,000.00
Recon. High and State St. Bonds
13,000.00
Recon. High Street
28,500.00
Re. State St. to Newbury line
1,000.00
Fire Dept. Equipment loan
2,000.00
High School Bonds
50,000.00
Plum Island Bridge loan
1,500.00
New Primary Schoolhouse loan
9,000.00
Recon. Merrimac Street
20,000.00
Central Park and Playground loan
1,000.00
146,000.00
Increase in debt during year 217,000.00 Gross city debt, December 15, 1923 $874,274.91
108
ANNUAL REPORT
CITY DEBTS AND ASSESSMENTS
December 15, 1923
Bonds and Notes
Rate Issued
Due
Amount
Refunding
4 %
1909
Nov. 1, 1924
$62,000.00
Sewer
31/2 %
1901
Sept. 1, 1931
46,000.00
Water
3 1/2 %
1904
June 1, 1924-34
121,000.00
Water
4
%
1908
July 1, 1924-38
37,000.00
Water
41/2 %
1914
Oct. 1, 1924-44
21,000.00
Police Building
4 %
1911
May 1, 1924-26
6,000.00
Schoolhouse
4
1910
Nov. 1, 1924-25
4,000.00
Recon. State St.
4.80%
1919
Nov. 1, 1924-29
6,000.00
Re. High and State Sts.
41/2 %
1919
Nov. 1, 1924-
10,000.00
Re. High and State St.s. 51/2 %
1920
Nov. 1, 1924-25
4,000.00
Re. High and State Sts. 51/2 %
1920
Nov. 1, 1924-25
2,000.00
Recon. High St.
6 %
1920
Nov. 1, 1924-25
20,000.00
Recon. High St. 6 %
1921
June 1, 1924-26
45,000.00
Recon. High St.
5.10%
1921
Nov. 1, 1924-26
7,500.00
Recon. High St ..
4.85%
1921
Dec. 1, 1924-26
3,000.00
Plum Island Bridge
. 4.1/4 %
1922
Dec. 1, 1924-41
26,774.91
Recon. Merrimac St. .. 4
%
1922
July 1, 1924-27
80,000.00
Central Park and Play-
grounds
4 %
1922
July 1, 1924-42
19,000.00
Widen. and Recon.
Merrimac St.
41/4 %
1923
June 1, 1924-33 . .
.. 150,000.00
Widen. and Recon.
Merrimac St. 41/4 %
1923
June 1, 1924-28
25,000.00
Schoolhouse
41/4 %
1922
Dec. 1, 1924-42
142,500.00
Schoolhouse
41/4 %
1922
Dec. 1, 1924-42
28,500.00
City Hall Heating plant 41/4 %
1923
Aug. 10, 1924-27
8,000.00
*$874,274.91
ASSETS
Taxes of 1920 uncollected
$2,753.57
Taxes of 1921 uncollected
5,182.19
Taxes of 1922 uncollected
23,645.37
Taxes of 1923 uncollected
99,482.01
$131,063.14
109
CITY AUDITOR
Sprinkling Streets 1920 uncollected ..
$99.23
Sprinkling Streets 1921 uncollected ..
25.14
Sprinkling Streets 1922 uncollected .. 146.36
Sprinkling Streets 1922 uncollected
529.48
$800.21
Preservation of trees, 1919 uncoll. 2.80
Preservation of trees, 1920 uncoll.
16.65
Preservation of trees, 1921 uncoll. . . 18.50
Preservation of trees, 1922 uncoll. .. 46.25
Preservation of trees, 1923 uncoll. ..
175.14
$259.34
Betterments uncollected
$24.10
Cash in American Trust Co. $2,910.69
Cash in National Shawmut Bank 4,407.45
Cash in First and Ocean Natl. Bank
64,853.42
Cash in Merchants Natl. Bank 62,047.50
Cash in Treasurer's office
273.69
$134,492.75
State of Mass. Soldiers' Burial
293.50
State of Mass. State Aid 4,198.00
$4,491.50
County of Essex Dog Account
$4.00
Sinking Funds $97,173.63
$368,308.67
Total net Debt December 15, 1923
$505,966.24
Total net Debt December 16, 1922
$308,249.20
Increase in net Debt $197,717.04
*$50,000 Reconstruction of Merrimac St. authorized but not issued.
110
ANNUAL REPORT ANNUAL NET DEBT STATEMENT
The following table shows the net debt at the close of each fiscal year beginning with the year 1899:
Year
Net Debt
Increase
Decrease
1899
$289,556.47
$88,720.01
1900
286,876,59
2,689.88
1901
317,272.13
$20,395.54
1902
321,725.39
4,453.26
1903
369,687.30
47,961.91
1904
646,819.16
277,131.86*
1905
671,536.83
24,717.67
1906
630,305.15
41,231.68
1907
569,120.73
34,184.42
1908
586,259,64
9,861.09
1909
589,904.27
3,644.63
1910
541,348.34
48,555.93
1911
507,916.05
33,432.29
1912
518,129.41
10,213.36
1913
464,470.01
53,659.40
1914
471.146.63
6,676.62
1915
426,408.64
44,747.99
1916
360,438.53
65,970.11
1917
295,736.53
64,702.00
1918
253,982.14
41,754.39
1919
250,963.43
3,045.71
1920
262,265.30
11,328.87
1921
279,088.07
16,907.76
1922
308,249.20
29,161.13
1923
505,966.24
197,717.04
*Water Plant acquired in 1904
111
CITY AUDITOR
SINKING FUNDS
In Hands of Sinking Fund Commissioners
Cash on hand December 16, 1922 $11,498.25
Receipts during year
Income from investments
$5,999.84
Premium on investments
507.19
City Appropriations 1923
500.00
Securities sold and matured
63,929.91
$70,936.94
Payments
Securities purchased $31,855.77
Accrued interest
236.90
City to retire High School loan
50,000.00
Premium paid
333.67
$82,426.34
Decrease in cash on hand
11,489.40
Cash on hand December 15, 1923
$8.85
Investment Account
Total securities Dec. 16, 1922
$129,238.92
Securities purchased during year 31,855.77
$161,094.69
Securities sold and matured
63,929.91
Total securities December 15, 1923
97,164.78
Total sinking funds Dec. 15, 1923
$97,173.63
112
ANNUAL REPORT
Total sinking funds Dec. 16, 1922
140,737.17
*Decrease $43,563.54
The above funds are appropriated to retire the city debt as follows:
HIGH SCHOOL LOAN
$50,000, 31/2% due December 1, 1923.
Total funds Dec. 16, 1922
$47,916.43
Appropriation, 1923 500.00
Net income 1923 1,583.57
Payment to city to retire loan
$50,000.00 $50,000.00
REFUNDING LOAN
$62,000, 4% due November 1, 1924
Total Funds Dec. 16, 1922 $57,400.48
Net income 1922 2,810.00
$60,210.48
Invested
Everett Bonds 4% due Jan. 1, 1924
$2,000.00
Flint Bonds 41/4% due April 1, 1924 3,000.00
Minneapolis Bonds 4% due June 1, 1924 3,000.00
Lawrence Bonds 4% due July 1, 1924
1,000.00
B. & M. R. R. 4% due Sept. 1, 1926 Third Liberty Loan 41/4% due Sept. 15, 1928
5,000.00
Plymouth 33/4% due July 1, 1924
1,000.00
Revere 51/2% due Mar. 1, 1924
1,000.00
American Tel. & Tel. Co. 4% due July 1, 1929
3,000.00
Winchester 41/4% due Sept. 15, 1931
8,000.00
Newburyport Water, 31/2% due June 1, 1925-28
3,000.00
Five Cents Savings Bank 13,096.50
Institution for Savings
7,113.98
10,000.00
$60,210.48
*Decrease caused by retirement of $50,000 High School Bonds.
113
CITY AUDITOR
SEWERAGE LOAN
$46,000, 31/2 % due September 1, 1931.
Total Fund Dec. 16, 1922 $35,420.26
Net income 1923
1,542.89
$36,963.15
Invested
Hull, 41/4% due June 1, 1931
$2,000.00
B. & M. R. R. 6% due June 1, 1930 2,000.00
Lake Shore & Michigan R. R. 4% due May 1, 1931 1.000.00
Newburyport Sewer, 31/2 % due Sept. 1, 1931 26,000.00
Lawrence Savings Bank 5,000.00
Institution for Savings, City
954.30
First & Ocean National Bank
8.85
$36,963.15
Summary
Newburyport Water 31/2 % due June 1, 1925-28 $3,000.00
Flint, 41/2% due April 1, 1924 3,000.00
Minneapolis, 4% due June 1, 1924 3,000.00
Everett, 4% due Jan. 1, 1924
2,000.00
Lawrence, 4% due July 1, 1924
1,000.00
B. & M. R. R. 4% due Sept. 1, 1926 5,000.00
Lake Shore & Michegan 4% due May 1, 1931 1,000.00
B. & M. R. R. 6% due June 1, 1930 2,000.00
Newburyport Sewer 31/2% Sept 1, 1931
26,000.00
U. S. Third Liberty Loan 41/4% due Sept. 15, 1928 10,000.00
American Tel. & Tel. Co. 4% due July 1, 1929
3,000.00
Winchester, 41/4% due Sept. 15, 1931
8,000.00
Hull, 41/4% due June 1, 1931
2,000.00
Revere 51/2% due March 1, 1924
1,000.00
Plymouth 33/4% due July 1, 1924
1,000.00
Lawrence Savings Bank 5,000.00
Five Cents Savings Bank, City
13,096.50
Institution for Savings, City 8,068.28
First and Ocean National Bank, City 8.85
$97,173.63
114
ANNUAL REPORT
BONDS DEPOSITED WITH COMMISSIONERS
J. L. McLean, City Marshal, $1,000.00 Massachusetts Bonding & Insurance Co. expires Jan. 1, 1924.
H. W. Little, City Clerk, $3,000.00 Massachusetts Bonding and Insurance Co. expires Jan. 6, 1924.
H. S. Noyes, Secretary and Treasurer of Water Works, $5,000.00 Fidelity and Deposit Co. of Maryland, expires July 10, 1924.
Chas. E. Houghton, Treasurer and Collector, $30,000.00 Maryland Casualty Co., expires Jan. 7, 1924.
BORROWING CAPACITY
Year
Valuation
Additional Assessments
Total Valuation
Abatements
Net Valuation
1921
$12,179,966
$39,460.
$12,219,426
$161,426
$12,058,000
1922
12,546,326
12,546,326
104,000
12,442,326
1923 12,615,470
1,200
12,616,670
11,418
12,605,252
Average net valuation for three years
$12,368,526
Debt limit 21/2% of $12,368,526
$309,213.15
*City Debt omitting revenue loans
874,274.91
Debt outside the limit allowed by Special
Acts :
Sewer, (Acts 1889 and 1900) $46,000.00
Water, (Acts 1894, 1908, 1913) 179,000.00
Plum Island Bridge loan 26,774.91
Merrimac Street loan 80,000.00
Widening and Recon. Merrimac Street
loan
.175,000.00
New Primary School loan
142,500.00
Total loans outside limit 649,274.91
Debt within limit 225,000.00
Total Sinking Funds
97,173.63
Less for debt outside limit
36,963.15
Sinking funds for debt inside limit
60,210.48
Net debt within the limit 164,789.52
Borrowing capacity Dec. 15, 1923 $144,423.63 *Merrimac Street loan authorized not yet issued $50,000.00.
115
CITY AUDITOR
TRUST FUNDS
THE LAW. Chapter 322
An act to provide for the auditing of certain trust funds and accounts. Be it enacted, etc., as follows:
Section 1. It shall be the duty of city and town auditors at least once every year, and so much oftener as they deem it necessary, to audit the ac- counts of the trustees of any property, the principal or income of which, in whole or in part, was bequeathed or given in trust for the benefit of the city or town or any part thereof, or for the benefit of the inhabitants of the city or town or any part thereof, and to examine and estimate the fundis, se- curities, and evidence of property held by such trustees. City or town auditors shall include in their annual report a report of such auditing and investigation; and if they discover any fraud or irregularity they shall im- mediately report the same to the Mayor and Treasurer of the city or to the Selectmen or Treasurer of the town.
Section 2. It shall be the duty of the trustees designated in section one hereof to give city and town auditors free access to their accounts, funds, securities and evidence of property; and any such trustee who refuses to exhibit his trust accounts, funds, securities and evidences aforesaid shall be subject to a fine of not less than fifty nor more than two hundred dollars.
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