USA > Massachusetts > Norfolk County > Quincy > Inaugural address of the mayor, with the annual report of the officers of the city of Quincy for the year 1937 > Part 7
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Assessed value 205 parcels Dec., 1937 77,800 00
Total
. $258,735 00
Taxes due on 655 parcels Jan. 1, 1937 $59,927 99
Taxes due on 205 parcels Dec., 1937 20,729 78
$80,657 77
Properties taken for taxes by Land Court decree or deed to City: Number of parcels January 1, 1937 6
Number of parcels foreclosed to Dec. 31, 1937 4
10
Area of six parcels Jan. 1, 1937
178,280 sq. ft.
Area of four parcels since Jan., 1937 22,288 " "
Total
200,568 " "
Assessed value six parcels Jan. 1, 1937:
Land
$27,600 00
Bldgs. 12,600 00
$40,200 00
Assessed value four additional parcels:
Land
$2,300 00
Bldgs. 3,500 00
5,800 00
Total
$46,000 00
Taxes due on six parcels Jan. 1, 1937
$16,793 43
Taxes due on four parcels Jan. 1, 1938 1,692 78
Total
$18,486 21
115
REPORT OF TREASURER
Sales to January 1, 1937
Number
Assessed
Taxes Sale
Parcels Area
Value
Due
Price
Profit
14
44,620 sq. ft.
$3,500
$887.64*
$1,353.05
$465.41
*Includes betterments $99.36.
Sales January 1, 1937 to December 31, 1937
Number
Assessed
Taxes
Sale
Parcels
Area
Value
Due
Price
Profit
44
247,103 sq. ft.
$14,425}
$5,882.15*
$7,580.43
$1,708.28
Bldgs. 6,700
$21,125
*Includes $345.01 betterments.
¡Land.
In addition to profits received from sales in the amount of $1,708.28 the City has also received the amount of $139.00 as rentals making the total net receipts $1,847.28.
At present there are listed 801 parcels of property on which the City has foreclosed the title for taxes:
Area
8,856,312
Assessed value
$233,560 00
Taxes due
73,689 45
Yours very truly,
GEORGE E. MOREY, Property Manager.
116
CITY OF QUINCY
REPORT OF THE TREASURER OF THE WOODWARD FUND AND PROPERTY
JANUARY 3, 1938.
HON. THOMAS S. BURGIN, Mayor
Quincy, Massachusetts
DEAR SIR:
I submit herewith the report of the Treasurer of the Woodward Fund and Property for the year ending December 31, 1937.
Respectfully,
HAROLD P. NEWELL, Treasurer Woodward Fund and Property.
STATEMENT
Cash on hand January 1, 1937
$1.283 53
Receipts
Payments on mortgages
$4,170 00
Savings Bank principal
500 00
Sale of bonds and rights
3,933 33
Interest and dividends stocks and bonds. 2,716 50
Interest Savings Banks
587 13
Interest on mortgages
8,019 16
Rents
5,529 00
Income from Institute
981 46
Reserved Collections
830 53
$28,550 64
Expenditures
Purchase of bonds
$5,137 50
Accrued interest on bonds
68 06
Addition to mortgages (Taxes)
414 90
Expense on Fund owned property .
1,534 25
Administration (inc. survey of properties) ..
778 04
Expense on properties- Gilson Road
191 91
Repairs on Fund owned properties.
3,308 02
Liability insurance all properties.
80 00
$11,512 68
Expenses of Institute
Pay Rolls
$11,420 72
Books, supplies and sundries
945 31
Fuel
1,277 68
Lighting
224 44
Telephone
61 42
Improvements, repairs and fixtures.
690 69
$14,620 26
$8,603 33
$17,833 25
117
REPORT OF TREASURER OF WOODWARD FUND AND PROPERTY
Expended by Board of Managers
On Institute-repairs
$522 34
Insurance 401 04
$923 38
Expense-Reserved Collections-1937.
$752 46
1936 110 25
$862 71
Cash on hand December 31, 1937
631 61
$28,550 64
Analysis of Unexpended Income Account
Balance-January 1, 1937
$5,376 46
Excess of 1937 expenses
2,168 10
Balance-December 31, 1937 $3,208 36
Balance Sheet
Cash $ 631 61 General Fund $354,647 54
Investments
88,913 84
Unexpended Income. 3,208 36
Mortgage notes
137,516 73
Reserved collections. 78 07
Institute Land and
Bldg.
58,900 00
Property-Gilson Rd. 2,868 64
Property foreclosed. 69,103 15
$357,933 97
$357,933 97
Investments
$4,000. Baltimore & Ohio R. R. Pittsburgh, Lake Erie & W. Va. Ref. 4s, 1941. . $ 4,000 00
5,000. Illinois Power & Light 1st & Ref "C" 5s, 1956 4,910 00
3,000. Jersey Central Power & Light 1st "C" 41/2s, 1961 3,000 00 5,000. New York Central R. R. Cons. "A" 4s, 1998 4,837 50 5,000. N. Y. State Electric & Gas Corp. 1st 4s, 1965 5,000 00
5,000. Penn. Elec. Co. Series H, 1962 .
5,137 50
5,000. Peoples Gas Light & Coke 1st & Ref "D" 4s, 1961 4,962 50 5,000. Pere Marquette Railway 1st "B" 4s, 1956 4,967 50
5,000. Southern Pacific Co. Oregon Lines 1st "A" 41/2S, 1977 4,887 50
5,000. Southern Railway Co. St. Louis Div. 1st 4s, 1951 4,700 52
36 Shares-American Tel. & Tel. Co. 2,644 85
8 Shares-Boston & Maine R. R. Prior Preference
800 98
66 Shares-Boston & Maine R. R. 1st Pref. "A"
7,260 00
27 Shares-Boston & Albany R. R. 4,900 00
135 Shares-Pennsylvania R. R. 7,904 99
5,000. Hingham Institution for Savings 5,000 00
9,000. Quincy Savings Bank 9,000 00
5,000. Weymouth Savings Bank 5,000 00
$88,913 84
118
CITY OF QUINCY
REPORT OF THE ADAMS TEMPLE AND SCHOOL FUND
JANUARY 3, 1938.
HON. THOMAS S. BURGIN, Mayor
Quincy, Massachusetts
DEAR SIR:
The report of the Treasurer of the Adams Temple and School Fund is herewith submitted for the year ending December 31, 1937. Respectfully,
HAROLD P. NEWELL, Treasurer, Adams Temple and School Fund.
Cash on hand-January 1, 1937 $1,957 99
Receipts
Notes secured by mortgages. . $ 150 00
Sale Forest Avenue Property . 2,700 00
Sale of bonds 27,496 12
Withdrawal from Sav'gs B'ks 18,500 00
$48,846 12
Income
Mortgage Loans
$ 330 66
Stocks and bonds
6,295 74
Savings Banks deposits
1,832 53
Rents
1,554 00
Miscellaneous receipts
148 14
10,161 07
$60,965 18
Charles Francis Adams Fund
Income
660 00
$61,625 18
Expenditures
Notes secured by mortgages. . $ 2,000 00
Purchase of bonds 39,282 50
Accrued interest on bonds. 443 81
Administration of Fund
511 96
Bonds-Treasurer's Dept.
92 60
Taxes on land in Braintree ...
3 28
Expense Forest Ave. Prop-
erty-sale
100 51
Permanent repairs Adams
Academy
8,862 65
Quarry Street-Sewer Assess-
ment
257 68
$51,554 99
119
REPORT OF TREASURER OF ADAMS TEMPLE AND SCHOOL FUND
Expenses on Property
Insurance-Adams Academy .. $
70 00
Materials and repairs-Adams Academy 610 14
Care grounds and building ... 1,742 08
Expense Forest Ave. property 378 60
Expense Carroll's Lane prop- erty 7 06
2,807 88
Expenditures-School Department
Pay Rolls
$ 2,000 00
Bills covering supplies
Libraries 4,053 19
6,253 19
$60,616 06
Charles Francis Adams Fund-Income
Expended by School Dept. $ 320 00
$60,936 06
Cash on hand December 31, 1937
689 12
$
61,625 18
Analysis of General Fund Account
Balance-January 1, 1937
$ 187,306 09
Gain from sale of securities
2,149 91
$189,456 00
Loss on sale of foreclosed property
$299 14
Sewer assessment-Quarry Street. 257 68
$556 82
Balance-December 31, 1937 $ 188,899 18
Analysis of Unexpended Income Account
Balance-January 1, 1937
$ 23,021 44
Unexpended income 1937
48 35
$ 23,069 79
Permanent repairs-Adams Academy
8,862 65
Balance December 31, 1937
$ 14,207 14
Balance Sheet
Cash $ 689 12 General Fund $188,899 18
Investments
209,670 32
Unexpended Income. 14,207 14
Mortgage Notes 8,300 00
C. F. Adams Fund .. 10,396 88
Unexpended Income . 5,156 24
$218,659 44
$218,659 44
120
CITY OF QUINCY
Investments
$5,000. Associated Electric Co. Deb 41/2s, 1953 $4,712 50
5,000. Atlantic Coast Line R. R. 1st 4s, 1952 5,150 69
5,000. Baltimore & Ohio R. R. Pittsbg. Lake E. & W. Va. Ref 4s, 1941 5,188 50
5,000. Birmingham (Ala) Electric Co. 1st & Ref 41/2S, 1968 4,762 50
2,000. Boston & Albany R. R. M. L. 1st 41/2s, 1943. .
2,105 00
8,000. Boston & Albany R. R. Ref Deb gtd 5s, '1963
5,000. Boston Elevated Ry 30-yr Deb 5s, 1942 8,000 00
5,000 00
3,000. Boston & Maine R. R. Mtge "II" 5s, 1955
2,905 84
5,000. Brooklyn Union Gas Co. 1st Ref G.B. 5s, 1957 ..
5,252 50
5,000. California Oregon Power 1st & Ref 4s, 1966 ..
4,962 50
5,000. Carthage & Adirondack Railway 1st gtd 4s, 1981 4,343 39
5,835 00
6,000. Consolidated Water Co Utica Ref 1st 41/2s, 1958 3,000. Empire Gas & Elec. Co. & Empire Coke Co. 1st Ref 5s, 1941
3,030 00
5,000. Great Northern Railway Gen G. B. "I" 334s, 1967 5,000. Illinois Central Railroad St. Louis Div & Term 31/2s, 1951
4,875 00
5,000. Illinois Central R. R. Louisville Div 1st 31/2s, 1953
4,575 00
6,000. Illinois Power & Light 1st & Ref "C" 5s, 1956 .. 5,000. Indianapolis Power & Light 1st "A" 5s, 1957.
5,790 00
5,000. Jamestown Franklin & Clearfield 1st 4s, 1959 ..
4,781 94
9,000. Jersey Central Power & Light 1st "C" 41/2s, 1961 1,000. Louisville & Nashville Unified G.B. 4s, 1940
1,091 70
10,500. Northern Pacific Railway Ref & Imp "B" 6s, 2047 5,000. Pennsylvania Electric 1st Ref. H 5s, 1962
10,132 50
4,000. Peoples Gas Light & Coke 1st & Ref "D" 4s, 1961 1,000. Peoples Gas Light & Coke 1st & Ref "D" 4s, 1961
952 50
5,000. Pere Marquette Railway 1st "A" 5s, 1956
4,862 50
5,000. Savannah Electric Power 1st Ref G.B. "F" 1955
5s,
5,250 00
5,000. Southern Pacific R. R. 1st Ref 4s, 1955
4,837 50
5,000. Southern Railway Co. 1st Cons 5s, 1994
5,050 00
5,000. U. S. Treasury Bonds 314s, 1945
5,253 13
5,000. Wisconsin Power & Light Co. 1st "A" 4s, 1966 2 Shares Boston & Maine R.R. 1st Perf. "D"
520 00
37 Shares Eastern Gas & Fuel Associates Prior Pref 2,927 62
200 Shares National Shawmut Bank
5,700 00
10,000. Braintree Savings Bank
10,000 00
5,000. Cohasset Savings Bank
5,000 00
14,000. Hingham Institution for Savings
14,000 00
11,500. Quincy Savings Bank
11,500 00
3,500. South Weymouth Savings Bank 3,500 00
5,000. Weymouth Savings Bank
5,000 00
$209,670 32
Also various parcels of real estate-assessed valuation $138,925 00
4,513 53
5,288 98
9,090 00
5,055 00
3,900 00
4,975 00
REPORT OF THE TREASURER OF THE RETIREMENT SYSTEM
121
REPORT OF THE TREASURER OF THE CITY OF QUINCY, RETIREMENT SYSTEM
JANUARY 3, 1938.
HON. THOMAS S. BURGIN, Mayor Quincy, Massachusetts
DEAR SIR:
I present herewith the annual report of the Treasurer of the City of Quincy, Retirement System for the year ending December 31, 1937.
Respectfully yours,
HAROLD P. NEWELL, City Treasurer.
CITY OF QUINCY-RETIREMENT SYSTEM
Receipts
Cash on hand January 1, 1937
$ 1,554 81
Deposited by Members
17,361 80
Appropriated by City
15,265 48
$34,182 09
Income from Bonds
3,063 80
Sale of Securities
4,120 00
$41,365 89
Expenditures
Warrant Payments
$ 4,922 74
Securities Purchased
34,678 06
Accrued Interest on Securities
377 36
$39,978 16
Cash on hand December 31, 1937
1,387 73
$41,365 89
Statement of Fund
Securities
$80,863 55
Fund
$82,251 28
Cash on hand
1,387 73
$82,251 28
$82,251 28
122
CITY OF QUINCY
Investments
$5,000. Atlantic Coast Line R. R. 1st 4s, 1952 $ 4,845 00
5,000. Baltimore & Ohio R. R. 1st 4s, 1948 5,094 41
3,000. Boston Albany R. R. 31/2s, 1952 2,860 00
4,000. Commonwealth Edison 1st Coll "F" 4s, 1981 4,160 00
5,000. Illinois Central R. R. Ref. 5s, 1955 5,065 59
3,000. Kansas Power & Light 1st 41/2s, 1965
3,240 00
7,000. Morris & Essex R. R. 1st Ref 31/2s, 2000 6,246 22
3,000. New Jersey Power & Light 1st Gold Bond 41/2S, 1960 3,180 00
5,000. New York Central R. R. Cons. "A" 4s, 1998 4,328 34
6,000. New York State Electric & Gas Corp 1st 412s, 1980 6,020 38
3,750 79 5,000. Northern Pacific Railway Gen Lien S F 3s, 2047 .. 5,000. Peoples Gas Light & Coke 1st & Ref. "D" 4s, 1961 5,855 00 5,000. Southern Pacific Co. Oregon Lines 1st "A" 41/2s, 1977 4,900 80
5,000. Southern Railway Co. St. Louis Div. 1st 4s, 1951 . 4,905 40
5,000. Springfield Gas & Electric 1st "A" 5s, 1957 5,150 93
5,000. Washington Water Power Co 1st & Gen 5s, 1960 . 5,302 88
6,000. Wisconsin Power & Light Co. 1st "A" 4s, 1966 5,957 81
$80,863 55
123
REPORT OF THE QUINCY RETIREMENT BOARD
REPORT OF THE QUINCY RETIREMENT BOARD
APRIL 29, 1938
To the HONORABLE THOMAS S. BURGIN, Mayor: Quincy City Hall, Quincy, Massachusetts
DEAR SIR:
Pursuant to the Provisions of Chapter 152 of the Acts of 1934, the Quincy Retirement Board submits its third annual report for the year ending December 31, 1937, with appended tables setting forth the financial and statistical results.
The Act that created the Retirement System provides that in addi- tion to an annual actuarial valuation of the assets and liabilities of the reserve funds of the system, an actuarial investigation into the mortality, service and compensation experience of the members and beneficiaries be made three years after the system became opera- tive, and at least once in each five-year period thereafter.
Actuarial valuations have in each year been made as of June 30. Therefore as of June 30, 1937, when the system had been in opera- tion two and one-half years, it was decided to make an actuarial in- vestigation required under the terms of the Act creating the system.
The report of the Actuary was submitted under date of Novem- ber 5, and states "the investigation indicates that on the whole the basic tables which were adopted by the Board on March 19, 1935, are conservative, and the recommendation is made that they be continued in use."
The Retirement Board has, therefore, adopted the recommenda- tion of its Actuary continuing such basic tables and rates.
Respectfully submitted,
GEORGE H. BONSALL, LEO E. MULLIN, JOHN J. KEEFE, Quincy Retirement Board.
124
CITY OF QUINCY
TABLE I
Statement of Cash Receipts and Payments for the Year Ending December 31, 1937
Receipts
Cash on hand, January 1, 1937
$ 1,554 81
Members' Contributions
17,361 80
Appropriations by City:
Pension Fund
$15,265 48
Expense Fund
2,539 64
17,805 12
Sale of Securities
4,120 00
Income from Investments:
Interest on Bonds
3,063 80
Total
$43,905 53
Payments
Refunds of Contributions:
On account of Resignations and Withdrawals
$ 1,468 90
Pension Payments
3,453 84
Bonds Purchased
34,678 06
Accrued Interest
377 36
Expenses :
Secretarial
$1,200 00
Actuarial
900 00
Printing
120 54
Postage
13 00
Office Supplies
146 20
Bonds
150 00
Miscellaneous
90
$ 2,539 64
Total
$42,517 80
Cash Balance as of December 31, 1937
1,387 73
Total
$43,905 53
125
REPORT OF THE QUINCY RETIREMENT BOARD
TABLE II Income Account - 1937
Cash Interest Received $3,063 80
Interest Accrued but not due December 31, 1937 936 25
$4,000 05
Less: Accrued Interest January 1, 1937 .
$ 583 33
Interest Paid on Bonds Purchased 377 36
960 69
Net Interest Earned
$3,039 36
Loss on Bonds Called for Payment
31 93
Net Income Earned
$3,007 43
4% Credited on Average Funds:
Annuity Savings Fund
$1,326 78
Annuity Reserve Fund
29 91
Pension Accumulation Fund
1,552 92
$2,909 61
Balance of Income Earned after Crediting Interest at 4% Rate
$ 97 82
Premiums Written off in Amortization of Bonds
Purchased above their Call Price
$ 97 82
TABLE III Balance Sheet as of December 31, 1937
Cash
$ 1,387 73 Annuity Savings Fund $42,902 71
Investments
80,863 55
Annuity Reserve Fund 873 68
Accrued Interest
936 25
Pension Accumulation Fund 39,411 14
Total
$83,187 53
Total $83,187 53
TABLE IV Schedule of Investments
Book Value
$5,000 Atlantic Coast Line 1st 4s, 1952
$ 4,845 00
5,000 Baltimore & Ohio 1st 4s, 1981
5,094 41
3,000 Boston & Albany 31/2s, 1952
2,860 00
4,000 Commonwealth Edison 1st 4s, 1981
4,160 00
5,000 Illinois Central Ref 5s, 1955
5,065 59
3,000 Kansas Power & Light 1st 41/2s, 1960
3,240 00
7,000 Morris & Essex 1st 31/2s, 2000 6,246 22
3,000 New Jersey Power & Light 41/2s, 1960
3,180 00
5,000 New York Central Consolidation 4s, 1998 4,328 34
6,000 New York State Electric & Gas 1st 41/2s, 1980
6,020 38
5,000 Northern Pacific General 3s, 2047
3,750 79
6,000 Peoples Gas Light & Coke 1st Ref 4s, 1961
5,855 00
5,000 Southern Pacific Co. Oregon Lines 1st 412s, 1977 5,000 Southern Railway, St. Louis Division, 1st 4s, 1951 4,905 40
5,000 Springfield Gas & Electric 1st 5s, 1957
5,150 93
5,000 Washington Water Power 1st 5s, 1960 5,302 88
6,000 Wisconsin Power & Light 1st 4s, 1966
5,957 81
$83,000
$80,863 55
4,900 80
126
CITY OF QUINCY
TABLE V Membership Active Members
With Prior Service Credit
Without Prior Service Credit
General Employees
Male
Female
Firemen, Police- men
Male
Female
Firemen, Police- men
Total
Membership January 1,
1937
87
107
12
51
17
274
Enrolled during
1937
2
5
5
2
9
..
1
2
1
..
....
...:
....
3
Membership December 31, 1937
82
100
1
21
83
20
307
Retired Members
Membership January 1, 1937 Retirement for Superannuation Deaths
2
2
. .
...
2
1
..
..
....
....
....
1
Membership December 31, 1937
4
2
. .
....
....
Total
Membership December 31, 1937
86
102
1
21
83
20
313
..
1
11
41
3
58
Withdrawals Deaths Retirements
21
1
. .
....
....
4
3
1
6
General Employees
127
REPORT OF THE QUINCY RETIREMENT BOARD
TABLE VI The Distribution of the Number and Weekly Salaries of Members With Prior Service Credit By Age As of June 30, 1937
GENERAL EMPLOYEES
TOTAL
MEN
WOMEN
AGE
Number
Weekly Salaries
Number
Weekly Salaries
Number
Weekly Salaries
22
1
$15
1
$15
23
2
27
2
27
24
7
137
1
$20
6
117
25
5
97
1
20
4
77
26
6
136
1
30
5
106
27
5
112
2
47
3
65
28
9
210
2
53
7
157
29
8
236
5
161
3
75
30
8
210
4
115
4
95
31
1
1
22
32
3
84
2
62
1
22
33
2
61
2
83
4
125
35
5
183
4
153
1
30
36
37
3
100
2
75
1
25
38
4
131
2
85
2
46
39
4
118
4
118
40
10
341
7
266
3
75
41
5
122
1
28
4
94
42
43
8
239
2
84
6
155
44
2
67
1
41
1
26
45
3
97
1
54
2
43
46
1
24
1
24
47
6
225
3
142
3
83
48
2
76
1
42
1
34
49
1
32
32
50
6
197
3
115
3
82
51
3
52
3
52
53
7
210
4
143
3
67
54
9
281
6
193
3
88
55
4
167
3
153
1
14
56
5
145
2
78
3
67
57
4
134
1
64
3
70
58
4
156
3
129
1
27
59
2
78
2
78
60
1
30
1
30
61
3
122
3
122
62
4
134
2
69
2
65
63
4
126
1
48
3
78
64
3
83
1
30
2
53
65
4
123
2
62
2
61
66
2
55
1
35
1
20
67
1
30
1
30
68
1
33
1
33
69
3
92
2
68
1
24
Total
187
$5,558
83
$3,041
104
$2,517
2
61
34
6
208
22
1
52
1
128
CITY OF QUINCY
TABLE VII The Distribution of the Number and Weekly Salaries of Members with Prior Service Credit By Years of Total Service as of June 30, 1937
GENERAL EMPLOYEES
Years of Total Service
TOTAL
MEN
WOMEN
Number
Weekly Salaries
Number
Weekly Salaries
Number
Weekly Salaries
1
1
$30
1
$30
2
5
118
2
50
3
$68
3
20
527
12
367
8
160
4
13
343
7
228
6
115
5
27
643
6
189
21
454
6
9
245
5
168
4
77
7
7
184
2
63
5
121
8
13
316
4
118
9
198
9
14
392
4
148
10
244
10
10
357
7
283
3
74
11
8
332
5
242
3
90
12
13
410
6
239
7
171
13
6
178
2
71
4
107
14
4
141
3
112
1
29
15
16
4
149
4
149
3
76
18
6
189
3
110
3
79
19
20
2
65
2
65
21
3
105
3
105
22
4
166
2
97
2
69
23
3
100
2
73
1
27
24
1
34
25
2
69
1
40
1
29
26
1
48
1
48
27
2
91
1
64
1
27
28
29
30
1
34
1
34
31
1
30
1
30
33
34
35
1
34
1
34
36
37
38
1
52
1
52
39
1
64
1
64
40
41
42
1
36
1
36
Total
187
$5,558
83
$3,041
104
$2,517
17
3
76
1
34
32
129
REPORT OF THE QUINCY RETIREMENT BOARD
TABLE VIII The Distribution of the Number and Weekly Salaries of New Entrants By Age As Of June 30, 1937
GENERAL EMPLOYEES
TOTAL
MEN
WOMEN
AGE
Number
Weekly Salaries
Number
Weekly Salaries
Number
Weekly Salaries
19
2
$30
2
$30
20
5
68
5
68
21
5
81
5
81
22
3
39
3
39
23
4
71
4
71
24
10
259
10
259
25
8
191
8
191
26
3
74
3
74
27
4
83
4
83
28
6
173
1
$45
5
128
29
5
144
1
21
4
123
30
4
106
1
25
3
81
31
1
14
1
14
32
1
42
1
42
4
123
34
3
59
1
35
2
24
35
2
128
1
96
1
32
36
37
3
58
3
58
38
2
80
2
80
39
3
98
1
48
2
50
40
41
42
43
44
45
1
63
1
63
1
18
47
1
14
18
48
1
30
1
30
1
18
50
2
47
1
35
1
12
51
1
14
52
2
65
2
65
53
54
1
24
1
24
55
1
36
1
36
56
57
58
2
53
1
35
1
18
Total
92
$2,303
16
$656
76
$1,647
46
1
18
1
49
1
18
1
14
33
4
123
130
CITY OF QUINCY
TABLE IX The Distribution of the Number and Weekly Salaries of New Entrants By Age as of June 30, 1937 FIREMEN AND POLICEMEN
AGE
Number
Weekly Salaries
29
3
$112
30
1
36
31
5
192
32
2
70
33
2
72
34
2
74
35
36
37
1
36
38
2
72
39
2
70
Total
20
$734
TABLE X The Distribution of the Number and Weckly Salaries of New Entrants By Years of Total Service as of June 30, 1937
Years of Total Service
TOTAL
MEN
WOMEN
Number
Weekly Salaries
Number
Weekly Salaries
Number
Weekly Salaries
General Employees
0
34
$830
5
$217
29
$613
1
50
1,324 149
11
439
39
885
2
8
8
149
Total
92
$2,303
16
$656
76
$1,647
Firemen and Policemen
0
3
$102
3
$102
1
7
252
7
252
2
10
380
10
380
Total
20
$734
20
$734
131
REPORT OF THE QUINCY RETIREMENT BOARD
TABLE XI
Valuation Balance Sheet Showing the Assets and Liabilities of the Funds of the Quincy Retirement System as of June 30, 1937
ASSETS
Annuity Savings Fund $ 33,685
Annuity Reserve Fund 909
Pension Reserve Fund 0
Pension Accumulation Fund 40,371
Total Present Assets $ 74,965 Present value of the prospective contributions payable by
the City into the Pension Accumulation Fund 248,374
Total Assets $323,339
LIABILITIES
Present value of benefits on account of which contributions have been paid by members into the Annuity Savings Fund $33,68 Present value of benefits payable on account of beneficiaries or their dependents now drawing annuities from the Annuity Reserve Fund 913
Present value of benefits payable on account of beneficiaries or their dependents now drawing pensions from the Pension Reserve Fund
Present value of benefits payable on account of beneficiaries or their dependents now drawing pensions from the Pension Accumulation Fund 31,938
0
Present value of benefits to members with prior service credit to be paid by contributions of the City into the Pen- sion Accumulation Fund 214,296
Present value of benefits to new entrants to be paid by con- tributions of the City into the Pension Accumulation Fund 42,507
Total Liabilities $323,339
No account is taken of the future contributions of members into the An- nuity Savings Fund because the benefits provided by these contributions are exactly equal to the accumulated amount of the contributions and therefore they do not affect the balance in the fund.
132
CITY OF QUINCY
REPORT OF THE BOARD OF ASSESSORS
JANUARY 1, 1938.
HON. THOMAS S. BURGIN, Mayor
Quincy, Massachusetts.
DEAR SIR:
The following, is respectfully submitted as the report of the Assessing Department for the year 1937:
Valuation
Value of Buildings $ 78,795,350 00
Value of Land
34,584,675 00
Value of Land and Buildings
$113,380,025 00
Value of Personal
9,310,550 00
Total Valuation of the City as determined $122,690,575 00
January 1, 1937
Tax Rate 33 40
Amount to be raised by taxation $ 4,097,872 18
The valuation was increased by omitted assessments
levied in December, 1937 $ 11,175 00
Valuation of Automobiles December 31, 1937 $ 4,370,998 00
Total Valuation of the City including automobiles for
$127,072,748 00 1937 was
Recapitulation Budget for 1937
City Appropriations:
Budget $ 3,860,100 73
City Debt
736,500 00
City Interest 139,402 49
Temporary Loan Interest 30,000 00
Deficit Overlay
46,320 06
App. from Available Funds
210,750 66
Water App .:
City . $208,999 00
State 208,391 87
TOTAL
417,390 87
State Assessments:
State Tax
$
212,290 00
State Tax paid in 1936 in excess of estimates raised
18,722 72
Metropolitan Sewer
103,827 83
Metropolitan Parks Loan Fund 57,671 08
Charles River Basin Loan Fund
13,103 04
133
REPORT OF THE BOARD OF ASSESSORS
Neponset River Bridge Loan Fund
5,836 76
Wellington Bridge Maintenance
116 44
Metropolitan Planning Board
726 48
Auditing Municipal Accounts
330 95
Abatement of Smoke Nuisance
1,300 22
West Roxbury-Brookline Parkway
43 89
Hospital or Home Care for Civil War Veterans
90 00
Veterans Exemptions
303 48
County :
County Tax
$ 110,201 17
County Hospital
31,944 75
Overlay for current year
41,899 96
.
Total
$ 6,038,873 58
Receipts of 1937 (Estimated)
State:
Income Tax
$ 305,989 10
Corporation Tax
106,322 66
City:
Motor Vehicle
135,000 00
Licenses
77,000 00
Special Assessments
55,000 00
General Government
16,000 00
Protection of Persons .
4,000 00
Health and Sanitation
37,000 00
Highways
500 00
Charities
123,000 00
Soldiers Benefits
200,000 00 4,000 00
Schools
33,000 00
Libraries
3,000 00
Fines
2,000 00
Public Service (Water Department)
417,390 87
Cemeteries
20,000 00
Int. on Taxes and Assessments
80,000 00
Old Age Assistance
60,000 00
Miscellaneous Items
4,000 00
Total estimated receipts
$ 1,683,202 63
State Tax raised in excess of amounts paid
$
464 75
County Tax raised in excess of amounts paid.
938 34
Available funds
210,750 66
Amount raised by taxation of 22,826 Polls @ $2.00 ..
45,652 00
Total deductions $ 1,941,008 38
Respectfully submitted, NATHAN G. NICKERSON, Chairman, ALFRED B. KEITH, GEORGE H. NEWCOMB,
Board of Assessors.
.
Hospital
.
.
134
CITY OF QUINCY
REPORT OF THE COLLECTOR OF TAXES
To HIS HONOR, the Mayor of the City of Quincy :-
I have the honor to submit the following report of the Tax Col- lector's Department for the year ending DECEMBER 31, 1937 The amount of cash collected on the tax for the various years is as follows :-
Tax of 1929
Amount uncollected January 1, 1937
$ 8 00
Charges
142 00
150 00
Reconsideration of abatement by As-
sessors
7 10
157 10
Credits
2 00
155 10
Amount abated during year 1937
155 10
Tax of 1930
Amount uncollected January 1, 1937 .. Charges
275 00
140 00
415 00
Reconsideration of abatement by As-
sessors
130 80
545 80
Credits
8 40
Amount abated during year 1937
201 40
336 00
Amount collected during year 1937
336 00
$ 336 00
Amount of interest collected
161 11
Main Sewer Apportionments of 1930
Amount uncollected January 1, 1937 ..
10 97
Charges
6 54
17 51
Amount abated during year 1937
17 51
Cash Received
537 40
REPORT OF THE COLLECTOR OF TAXES
135
Committed Interest on Betterments of 1930
Cash Received
Amount uncollected January 1, 1937 .. 3 11
Charges 2 56
5 67
Amount abated during year 1937
5 67
Tax of 1931
Amount uncollected January 1, 1937 .. 5,677 69
Charges
142 45
5,820 14
Reconsideration of abatement by As-
sessors
10 78
5,830 92
Credits
49 28
5,781 64
Amount abated during year 1937
5,024 63
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