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 1947 > Part 6
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Cash on Hand January 1, 1947
$1,443,322.10
General Revenue
Taxes 1947
$4,044,398.55
Taxes Previous Years
257,663.59
Taxes-Motor Excise
176,995.54
Tax Titles Held by City-Redeemed
11,512.01
Licenses
79,159.10
Permits
2,225.00
Court Fines
2,267.26
Grants and Gifts (Dog Licenses)
4,998.26
State of Massachusetts
1,054,321.53
Special Assessments
Sewer Assessments
7,456.68
Sidewalks
124.89
Street Betterment
28,817.14
General Government
Tax Collector and Treasurer-Costs
3,411.13
City Clerk
8,233.30
Police Dept.
263.65
Fire Dept.
70.59
Sealer Weights and Measures
1,093.49
Building Inspector
8,942 50
Engineering-Grade Fees
1,762.50
Wire Inspector
4,883.70
Gypsy Moth
604.16
Board of Health-Con. Diseases
3,305.00
Con. Dis. T. B.
10,760.73
Plumbing Inspector
3,807.50
Milk Licenses
224.50
Scavenger
1,188.00
Garbage Disposal
13,440.00
Highways
465.17
Welfare Dept.
77,485.89
Welfare-Old Age 'Assistance
298,842.41
O. A. A. Fed. Grant
325,549.84
Dependent Children Fed. Grant
33,575.36
Veterans Benefits
369.44
Hospital Dept.
717,189.05
School Dept.
5,403.29
Trade School Receipts
1,205.97
School Accts. Rec.
10,998.01
Smith Hughes and Deen Funds
2,216.15
Library Fines, etc.
5,049.28
Particular Sewer Receipts (Treas.)
24,842.67
Miscellaneous City
12,928.81
Departmental Refund Account
15,064.46
Sale of Tax Possessions
14,855.00
Income from Tax Possessed Property
420.00
Public Services
Water Rates 1947
393,322.88
Water Rates prior
2,963.48
Water Liens-Tax Collector and Treasurer
10,888.27
Water Service Connections
30,991.17
Cemetery-Care and Sale of Lots
25,823.00
Cemetery Foundations
2,427.61
122
Interest
Tax Collector-Taxes and Assessments
9,319.41
City Treasurer-On Tax Titles 528.90
Perpetual Care Fund
10,366.64
Other Trust Accounts
20,090.60
Accrued Interest on Bonds
1,118.60
Premium on Bond Sale
18,715.00
Municipal Indebtedness
Temporary Loans 1947
1,500,000.00
General Loans
1,440,000.00
Agency, Trust and Deposits
City Clerk-Dog Licenses (County) 7,431.20
Hunters' Licenses (State) 5,053.75
Perpetual Care Fund
15,280.00
Other Trust Funds
500.01
Deposits-Scavenger
1,359.00
Particular Sewer
20,425.00
Water
6,025.00
Hospital Nurses 288.00
Tax Possessed Property
586.00
Retirement System
72,327.83
Withholding Tax
414,293.16
U. S. Nurses Cadet Corps
6,555.22
War Bonds
64.00
Fire Equipment, Project 19-102
1,470.00
Water Reserve Bonds
200,000.00
Transfers
$12,939,926.93 253,311.37
TOTAL
$13,193,238.30
Payments:
Paid out on Mayor's Warrants 1947 11,945,136.41
Transfers
253,311.37
Cash on Hand
994,790.52
TOTAL
$13,193,238.30
Cash on hand, January 1, 1947
$1,443,322.10
Cash receipts, 1947
11,496,604.83
Cash expenditures, 1947
11,945,136.41 994,790.52
JOHN R. SHAUGHNESSY,
ROCK ISLAND FUND
$1,000.00
Unexpended Income, January 1, 1947
$143.87
Interest receipts, 1947
20.10
Balance on hand, December 31, 1947 $163.97
C. C. JOHNSON TURKEY FUND
Fund-Quincy Savings Bank
Interest receipts, 1947 $40.20
40.20
CHARLES E. FRENCH FUND
Fund-Quincy Savings Bank .
$3,000.00
Interest receipts, 1947 $60.30
Credited to Burial Department
60.30
$2,000.00
Credited to Welfare Department
Cash on hand, December 31, 1947
Treasurer
Fund-Quincy Savings Bank
123
GEORGE PIERCE FUND-PERPETUAL CARE FUND-LOT 252 Fund-Quincy Savings Bank $27.67
$200.00
Unexpended Income, January 1, 1947 Interest receipts, 1947 4.02
31.69
Expended, 1947
3.00
Balance on hand, December 31, 1947 $28.69
C. C. JOHNSON FUND-PERPETUAL CARE FUND-LOT 945
Fund-Quincy Savings Bank
$150.00
Interest receipts, 1947
$3.01
Credited to Burial Department
3.01
MARY WILLSON TUCKER FUND-PERPETUAL CARE-LOT 679 Fund-Quincy Savings Bank
$400.00
Unexpended income, January 1 1947
$147.83
Interest receipts 1947 8.04
155.87
Expended, 1947
5.00
Balance on hand, December 31, 1947
$150.87
WILLIAMS S. WILLIAMS FUND-PERPETUAL CARE FUND-LOT 848 Fund-Quincy Savings Bank
$400.00
Unexpended income, January 1, 1947
$152.02
Interest receipts, 1947
8.04
Expended, 1947
7.00
Balance on hand, December 31, 1947
$153.06
ALFRED A. DELL FLOWER FUND-LOTS 896-898 Fund-Quincy Savings Bank
$200.00
Unexpended income, January 1, 1947
$8.05
Interest receipts, 1947
4.02
12.07
Expended, 1947
3.00
Balance on hand, December 31, 1947
$9.07
MINNIE B. BENT FLOWER FUND-LOT 744
Fund-Quincy Savings Bank
$250.00
Unexpended income, January 1, 1947
$13.42
Interest receipts, 1947
5.02
$18.44
Expended, 1947
3.00
Balance on hand, December 31, 1947
$15.44
124
ABRAHAM RICH FLOWER FUND-LOT 548
Fund, Quincy Savings Bank
Unexpended income, January 1, 1947
$8.03
Interest receipts, 1947 3.53
11.56
Expended, 1947
3.00
Balance on hand, December 31, 1947 $8.56
ALEXANDER NUGENT-PERPETUAL CARE FUND
Fund, Quincy Savings Bank
Interest receipts, 1947
$2.51
Paid Trustees, St. Mary's Cemetery
2.51
HOSPITAL TRUST FUNDS
Funds, Quincy Savings Bank
$9,453.25
Also 24 Shares Walker-Stetson Co. common stock (Capital) Class A (Par value $50.00 each)
Unexpended income, January 1, 1947 $10,570.76
Interest receipts, 1947 430.00
Balance on hand, December 31, 1947
$11,000.76
HOSPITAL TRUST-D. L. JEWELL FUND
Fund-Quincy Savings Bank
$5,000.00
Unexpended income, January 1, 1947 $2,679.76
Interest receipts, 1947 100.50
Balance on hand, December 31, 1947 $2,780.26
HOSPITAL TRUST FUNDS-SPECIAL
Fund, Quincy Savings Bank (Children's Ward)
Fund on hand, January 1, 1947
$306.91
Interest receipts, 1947 6.15
On hand, December 31, 1947 $313.06
HOSPITAL TRUST-MARY PARKER FUND
$5,000.00
Unexpended income, January 1, 1947
$829.71
Interest receipts, 1947 100.50
Balance on hand, December 31, 1947 $930.21
HOSPITAL TRUST-RICHARD E. RAYCROFT FUND
Fund-Quincy Savings Bank
$1,009.43
Fund, January 1, 1947
$1,025.19
Interest receipts, 1947
20.46
1,045.65
Expended, 1947
46.97
Balance on hand, December 31, 1947
$998.68
$176.00
$125.00
$313.06
Fund-Quincy Savings Bank
125
HOSPITAL TRUST-MARY A. CLARK FUND
Fund-Quincy Savings Bank, January 1, 1947
$98.41
Interest receipts, 1947
1.71
Expended, 1947
100.12
PERPETUAL CARE FUND
Cash on hand, January 1, 1947
Receipts
Perpetual Care of Lots
$15,280.00
Interest receipts
10,366.64
Sale of securities
9,352.71
34,999.35
$36,825.38
Expenditures
Purchase of securities
$25,001.25
Accrued interest on purchases
38.19
Income credited to Burial Department
10,328.45
$35,367.89
Cash on hand, December 31, 1947
1,457.49
$36,825.38
ANALYSIS OF FUND
Fund, January 1, 1947
$347,719.71
Perpetual Care of Lots, 1947
15,280.00
Net profit on bond sales
2.97
Total Fund, December 31, 1947
. $363,002.68
BALANCE SHEET
Cash on hand, December 31, 1947
$1,457.49
Investments
361,545.19
$363.002.68
INVESTMENTS
$6,000 American Telephone & Telegraph 2 3/4
1982
$6,020.00
9,000 Arkansas Power & Light Co. 1st 3 1/8
1974
9,100.00
5,000 Atlantic Coast Line RR 1st 4 1952
5,000.00
5,000 Baltimore & Ohio RR 1st 4 1948
4,637.50
2,000 Bangor & Aroostook RR 4 1951
1,910.00
2,000 Boston & Albany RR Ref Deb
gtd 5 1963
2,000.00
2,000 Cambria & Clearfield RR 5,000 Central New York Power Corp
Gen 3 1974
5,000.00
10,000
Chicago, Burlington & Quincy RR Gen Chicago, Indiana & Southern RR 4 1956
4,817.92
5,000
Consolidated Edison Co. 3
1972
5,052.50
10,000
Consumers Power Co. 27/8
1975
10,000.00
10,000 Great Northern Ry 51/2 1952
10,000.00
5,000 Louisville & Nashville RR 1st
G 27/8 2003
4,925.00
1,000 Great Northern Ry 41/2 D 1976
.
. .
1,000.00
5,000 Illinois Central Railroad 1st GB
31/2 1951
4,537.50
5,000
Jamestown, Franklin & Clearfield RR 1st 4 1959
4,756.25
4 1958
9,895.36
GM 4 1955
2,000.00
5,000
100.12
$1,826.03
126
3,000 Narragansett Electric Co. 3 1974
3,000.00
10,000 New York Central & Hudson River RR
GB
31/2 1997
7,525.16
10,000 Northern Indiana Public Service 31/8
1973
10,100.00
5,000
Northern Pacific RR Pr Ln 4 1997
5,000.00
5,000
Northern Pacifis Ry Ref & Imp A 41/2 2047
5,000.00
5,000
Pacific Gas & Electric 3 1979
5,018.75
5,000 Philadelphia Electric Co. 234 1981
5,067.50
5,000
Pittsburg, Cincinnati, Chicago & St. Louis RR GM A 5 1970
5,000.00
13,000
Reading Company 31/8 D 1995
13,000.00
5,000
Seattle Gas Company
35/8
1976
5,100.00
5,000
Southern Pacifis RR 21/4
1961
4,781.25
5,000
Southern Pacific RR 27/8
1986
4,825.00
5,000
Southern Railway Co. 1st Cons 5 1995
5,000.00
5,000
U. S. Treasury 1
1948
5,000.00
4,000
U. S. Treasury
2
1951/53
4,000.00
15,000
U. S. Treasury
2
1954/52
15,000.00
18,000
U. S. Treasury 2
1954/52
18,000.00
5,000
U. S. Treasury
21/2 1955 G
5,000.00
5,000
U. S. Treasury
21/2
1955
G
5,000.00
2,800
U. S. Treasury
2
1955
2,800.00
2,000
U. S. Treasury
21/2
1956 G
2,000.00
14,000
U. S. Treasury
21/4
1962
14,000.00
10,000
U. S. Treasury
21/2
1970/65
10,000.00
6,000
U. S. Treasury
21/2
1968
6,000.00
3,800 U. S. Treasury 21/2
1972
3,800.00
10,000 U. S. Treasury 21/2
1972/67
10,000.00
100 Shares-First National Bank of Boston
4,775.00
25
Shares-Granite Trust Company
8,825.00
200
Shares-National Shawmut Bank
5,237.50
10,000 Abington Savings Bank
10,000.00
5,000
Braintree Savings Bank
5,000.00
4,000
Brookline Savings Bank
4,000.00
4,000
Cohasset Savings Bank
4,000.00
5,000
Dedham Institution for Savings
5,000.00
5,000
East Weymouth Savings Bank
5,000.00
5,000 Hingham Institution for Savings
5,000.00
16,038 Quincy Savings Bank
16,038.00
5,000 Randolph Savings Bank
5,000.00
7,000
South Weymouth Savings Bank
7,000.00
7,000 Weymouth Savings Bank
7,000.00
$361,545.19
.
.
. .
.
.
127
Treasurer - Woodward Fund
STATEMENT
Cash on hand, January 1, 1947 RECEIPTS
$1,611.44
Payments on mortgages
$5,725.00
Sale of securities
24,501.03
30,226.03
Interest and dividends-stocks and bonds
6,363.58
Interest on mortgages
4,558.92
Income from Institute
10,480.88
21,403.38
Withholding Tax
1,551.68
Reserved collections
For taxes and water accounts
1,827.75
$56,620.28
EXPENDITURES
Notes secured by mortgages
$11,000.00
Purchase of securities
14,700.00
Accrued interest on bonds purchased
20.60
Administration
90.98
Gilson Road Property
268.55
$26.080.13
Withholding Tax
1,551.68
Board ofManagers-
By Institute:
Repairs
1,556.23
Insurance
324.17
$1,880.40
By Institute:
Pay Rolls
15,915.81
Books, supplies and sundries
1,436.59
Fuel .
2,484.50
Lighting
307.02
Telephone
96.20
Improvements. repairs and fixtures
1,335.03
21,575.15
Reserved collections
1,827.75
('ash on hand December 31, 1947
3,705.17
$56,620.28
INCOME ACCOUNT
Total expenditures
$23,835.68
Total income
21,403.38
52,915.11
Deficit charged to Fund
$2,432.30
128
BALANCE SHEET
General Fund
Net profit bond sales
$337,614.59 2.55
Deficit in income
2,432.30
Cash
$3,705.17
Investments
178,521.03
Mortgage Loans
91,190.00
Institute Land and Building
58,900.00
Property-Gilson Road
2,868.64
$335,184.84
INVESTMENTS
$600
American Telephone and Telegraph Co. 234 1957
$600.00
600 American Telephone and Telegraph Co.
234
1961
600.00
7,000 American Telephone and Telegraph Co.
23/4 1982
7,000.00
10,000 Arkansas Power & Light Co. 31/8 1974
10,000.00
4,000 Baltimore & Ohio RR-Pittsburgh, Lake E & W Va Ref 1951
4,000.00
2,000 Bangor & Aroostook RR 4 1951
1,905.00
5,000
Cambria & Clearfield RR GM 4
1955
5,000.00
5,000 Central New York Power Corp 3 1974
5,000.00
5,000
Consolidated Edison of New York, Inc 23/4
1982
5,000.00
10,000
New York Central & Hudson River RR GB
31/2 1997
7,593.43
5,000
New York Central RR Cons A 4 1998
4,837.50
10,000 North Indiana Public Service Co 1st C 31/2 1973
10,000.00
5,000
Northern Pacific Ry Co.
4 1997
4,506.94
5,000 Pittsburgh, Cincinnati & St. Louis RR 5 1975
5,000.00
10,000
Reading Company 31/8 1995
9,812.50
5,000 Southern Pacific Co .- Oregon Lines 1st A
41/2 1977
4,887.50
5,000
Southern Railway Company-St. Louis Div 1st
4 1951. .
4,700.52
1,000
U. S. Treasury 21/2 1972
1,000.00
36
Shares-American Telephone & Telegraph Co.
2,644.85
8 Shares-Boston & Maine RR Prior Preferences
800.00
66 Shares-Boston & Maine RR 1st Pref A
5,260.00
27 Shares-Boston & Albany RR
4,900.00
300 Shares-First National Bank of Boston
16,356.25
25 Shares-Merchants National Bank of Boston
7,955.00
135 Shares-Pennsylvania RR
7,904.99
300 Shares-National Shawmut Bank of Boston
8,412.50
80 Shares-Waltham-Newton Bank & Trust Co.
5,360.00
62
Shares-Second National Bank of Boston
7,834.05
10,000 Southern Pacific RR 27/8 1986
10,000.00
10,000 Southern Pacific RR 23/4 1996
9,650.00
$178,521.03
JOHN B. SHAUGHNESSY, Treasurer Woodward Fund and Property
$337,617.14
$335,184.84
129
Treasurer - Adams Jemple and School Fund
Cash on hand January 1, 1947
$561.15
RECEIPTS
Notes secured by mortgages
$350.00
Sale of securities
5,000.00
Sale of land .
50,975.00
From Savings Bank
3,000.00
$59,325.00
INCOME
Mortgage Loans
$1,055.62
Stocks and bonds
5,721.52
Savings bank deposits
594.14
Rents
4,668.30
$12,039.58
Withholding Tax
283.30
$72,209.03
EXPENDITURES
Notes secured by mortgages
$40,000.00
Purchase of securities .
15,256.25
Accrued interest on bonds
8.79
Administration of Fund
749.41
Taxes on land-Braintree
3.70
Expense on Crypt in Church
1,000.00
Refund on rental
195.00
Legal Expenses
1,105.00
Withholding Tax
Expenses on Property ----
Adams Academy:
Insurance
$161.00
Materials and repairs.
5,763.80
Care grounds and Building. .
2,750.50
$8,675.30
Expense by School Department-
Bills covering supplies for School Libraries
$4,075.80
$71,352.55
Cash on hand, December 31, 1947
856.48
$72,209.03
UNEXPENDED INCOME ACCOUNT
Balance-January 1, 1947
$11,895.08
Expense on Crypt-Church
$1,000.00
Deficit in income
2,773.42
$3,772.42
On hand December 31, 1947
$8,121.66
BALANCE SHEET
Cash
$856.48
General Fund
$243,284.40
Investments
207,899.58
Unexpended Income
8,121.66
Mortgage Notes
42,650.00
$251,406.06
$251,406.06
Also parcels of Real Estate-Assessed Valuation
$99,225.00
$58,318.15 283.30
130
INVESTMENTS
$6,000 'Arkansas Power & Light Co. 31/8 1974
$6,000.00
5,000 Atchison Topeka & Santa Fe RR GM 4 1995
5,000.00
5,000 Atlantic Coast Line RR 1st 4 1952
5,000.00
5,000 Baltimore & Ohio RR, Pittsburg, L Erie & W Va ref 4 1952
5,000.00
8,000 Boston & Albany RR Ref Deb gtd 5 1963
8,000.00
1,500 Boston & Maine RR 1st Mtg Series RR 4 1960
1,500.00
1,500
Boston & Maine RR Inc Mtg A 41/2
cum 1970
1,405.84
5,000
Carthage & Adirondack Ry gtd4
1st 1981
4,343.39
5,000 Central New York Power
3 1974
5,000.00
5,000
Chicago, Burlington & Quincy RR GM 4 1958
4,888.51
4,000 Great Northern Railway 5 1/2 1952
4,000.00
1,000
Great Northern Railway GM D 4 1/2 1976
1,000.00
5,000 Illinois Central RR St. Louis Div and Term
31/2 1951
4,513.53
5,000 Illinois Central RR Louisville Div 1st 31/2
1953
4,575.00
5,000 Jamestown, Franklin & Clearfield 1st 4 1959
4,781.94
4,000 Narragansett Electric Co. 3 1974
4,000.00
10,000
New York Telephone Co. 23/4 D 1982
10,256.25
5,000
Pennsylvania Railway Gen Mtg A 41/2 1965
4,862.50
5,000
U. S. Treasury 1% 1948
5,000.00
3,500
U. S. Treasury 2 1951/53
3,500.00
15,000
U. S. Treasury 2 1954/52
7,000.00
3,000
U. S. Treasury 21/2 1955 G
3,000.00
10,000
U. S. Treasury 21/2 1963/68
10,000.00
10,000
U. S. Treasury 21/2 1970/65
10,000.00
5,000 Reading Company 31/2 1995
5,000.00
5,000 Seattle Gas Company. 35/8
1976
5,000.00
8,000 Wisconsin Electric Power Co. 258 1976
8,000.00
2 Shares-Boston & Maine RR
1st Pref D
520.00
37 Shares-Eastern Gas & Fuel Associates
Prior Pref
2,927.62
200 Shares-First National Bank of Boston
10,875.00
5 Shares-Granite Trust Company-Quincy
1,750.00
200 Shares-National Shawmut Bank of Boston
5,700.00
5,000 Braintree Savings Bank
5,000.00
5,000 Cohasset Savings Bank
5,000.00
4,000
Hingham Institution for Savings
4,000.00
3,000 Quincy Savings Bank
3,000.00
3,500 South Weymouth Savings Bank
3,500.00
5,000 Weymouth Savings Bank
5,000.00
$207,899.58
CHARLES FRANCIS ADAMS FUND
Cash on hand January 1, 1947
$1,348.27
Receipts :
Sale of securities
5,125.00
Income on securities
681.25
$5,806.25
$7,154.52
Expenditures :
By the School Department
$150.00
Accrued interest on bonds purchased
9.93
$159.93
Securities purchased
$5,142.50
$5,302.43
7,000
U. S. Treasury 2 1954/52
15,000.00
5,000 U. S. Treasury 21/2 1962/59
5,000.00
131
Cash on hand December 31, 1947
$1,852.09
$7,154.52
FUND
$11,640.74
Unexpended Income
10,138.85
$21,779.59
Statement of Fund:
Investments
$19,927.50
Cash on hand
1,852.09
$21,779.59
Investments
$5,000 Arkansas Power & Light Co. 31/8
1974
$5,210.00
5,000 Consolidated Edison Co. NY 2 3/4 1982
5,142.50
5,000 Southern Railway 1st Cons 5 1994
5,000.00
1,000 U. S. Treasury 21/2 G 1956
1,000.00
25 Shares-Second National Bank-Boston
3,575.00
$19,927.50
Respectfully yours,
JOHN R. SHAUGHNESSY, Treasurer
Adams Temple and School Fund Charles Francis Adams Fund
132
Report of The Treasurer of the Retirement System for 1947 RECEIPTS
Cash on hand January 1, 1947
$18,047.14
Deposited by Members
72,327.83
Appropriated by City
26,500.71
Income from bonds
$116,875.68 18,449.06
Bonds called and sold
67,671.05
$202,995.79
EXPENDITURES
Warrant payments (pensions and withdrawals)
$24,875.58
Securities purchased
170,024.49
Accrued interest on securities purchased
479.37
Cash on hand, December 31, 1947
$195,379.44 7,616.35
$202,995.79
STATEMENT OF FUND
Cash on hand
$7,616.35
Investments-4% System
$153,438.25
Investments 5% System
514,419.78 667,858.03
$675,474.38
INVESTMENTS
4% SYSTEM
$5,000 American Telephone & Telegraph 23/4 1961
$5,675.00
10,000 Atlantic Coast Line RR 1st 4 1952
9,107.50
15,000 Baltimore & Ohio RR 1st 4 1948
13,519.88
8,000 Boston & Albany RR 31/2
1952
6,810.00
10,000 Boston & Albany RR 5
1963
10,452.50
10,000
Boston & Maine RR 4
1960
10,052.25
10,000
Central Pacific RR 1st 4 1949
8,279.21
10,000
Chesapeake & Ohio Ry 31/2
1996
10,551.23
10,000 Dominion of Canada 4 1960
10,037.49
10,000
New York Central RR Cons A 4 1998
7,654.04
10,000
Northern Pacific Ry-Prior Lien Ry Land Grant
4 1947
8,976.26
9,000 Puget Sound Power & Light Co. 41/2
1st 1971
9,382.50
5,000 Southern Pacific Co .- Oregon Lines
1st A 41/2
1977
4,900.80
10,000 Southern Railway Co. 1st Cons Mtg 5 1994
9,744.53
10,000 Texas & Pacific Railway 1st 5 2000
10,057.99
10,000
U. S. Treasury 2 1954/52
10,290.63
$153,438.25
5% SYSTEM
5,000 American Telephone & Telegraph Co.
23/4 1961
$5,456.25
8,000 American Telephone & Telegraph Co.
23/4 1980
8,010.00
7,000 Atchison, Topeka & Santa Fe GM 4 1995
7,605.68
10,000
Chesapeake & Ohio RR 312 1996
10,607.30
10,000 Chicago, Burlington & Quincy GM 4 1958
9,288.28
8,000 Consolidated Edison Co. 23/4 1982
8,240.00
8,000 Detroit Edison Co. 234 1982
8,090.00
10,000 Erie Railroad 31/8 2000
9,518.75
10,000 Illinois Central Ry-Louisville Div 31/2 1953
9,295.36
10,000 Morris & Essex RR 1st & Ref 31/2 2000
7,946.44
133
10,000 Illinois Central Ry Ref 5 1955
8,640.59
10,000 New York Central & Hudson River
GB 31/2 1997
7,482.81
10,000 Northern Pacific Railway Gen Lines
SF 2 2047
6,792.79
15,000 Reading Co. D 31/8 1995
15,199.50
15,000
Southern Pacific Ry Co. 21/4 1961
14,362.50
10,000
Southern Railway Co .- St. Louis Div
1st 4 1951
8,343.59
10,000
Virginian Railway 3 1995
10,575.00
20,000 U. S. Treasury 1% 1948
20,000.00
10,000
U. S. Treasury
2
1952/50
10,145.75
25,000
U. S. Treasury 2
1954
25,765.63
8,000
U. S. Treasury 21/4
1952/55
8,000.00
70,000 U. S. Treasury 21/2 G March 1958
70,000.00
30,000 U. S. Treasury 21/2 G May 1958
30,000.00
30,000 U. S. Treasury 21/2 G January 1959
30,000.00
50,000
U. S. Treasury 21/4
1959/56
50,000.00
65,000
U. S. Treasury 21/4
1962/59
65,000.00
10,000
U. S. Treasury 21/2
1968/63
10,000.00
23,000 U. S. Treasury 21/2
1972/67
23,000.00
25,000
Quincy Savings Bank
25,000.00
$514,419.78
TOTAL
$667,858.03
Respectfully yours,
JOHN R. SHAUGHNESSY,
City Treasurer
134
Retirement Board
George H. Bonsall Chairman
Leo E. Mullin John F. Denneen Employees - 1 1947 Budget Expenditure .... $3,107.52 STATEMENT OF CASH RECEIPTS AND PAYMENTS FOR THE 4% SYSTEM For the Year Ending December 31, 1947 RECEIPTS
Cash on Hand January 1, 1947
$5,245.42 5,221.24
Members contributions
Appropriations by City: Pension Rund .
$22,575.80
Pension Fund Special
829.91
23,405.71
Bonds Sold or called
15,956.25
Income from Investments:
Interest on bonds
6,529.76
Total
$56,358.38
PAYMENTS
Refunds of Contributions:
On account of resignations and dismissals
$5,909.63
Pension Payments
13,314.17
Bonds Purchased
32,191.86
Accrued interest on bonds purcha_cd
118.82
Total
51,534.48
Cash balance as of December 31, 1947
4,823.90
Total
$56,358.38
INCOME ACCOUNT . 1947
Cash interest received
$6,529.76
Interest accrued but not due 12/31/47
1,815.00
$8,344.76
Less:
Accrued interest 1/1/47
1,839.33
Interest paid on bonds purchased
118.82
1,958.15
Net Interest Earned
$6,386.61
4% Credited on average funds:
Annuity Savings Fund
$1,218.84
Annuity Reserve Fund
385.90
Pension Accumulation Fund
4,349.06
Pension Accumulation Fund Special
119.70
6,073.50
Excess
$313.11
BALANCE SHEET AS OF DECEMBER 31, 1947
Cash
$4,823.90
Investments
153,438.25
Accrued Inicrest
1,815.00
$160,077.15
135
Annuity Savings Fund Annuity Reserve Fund Pension Accumulation Fund Pension Accumulation Fund Special
$35,834.90 10,033.32
107,002.18
2,100.08
Surplus
5,106.67
$160,077.15
MEMBERSHIP - 4% SYSTEM Active Members
Firemen, Female Policemen Total
Membership January 1, 1947
Male 75
164
3
242
Withdrawals:
Resignations
2
24
26
Transferred to 5% System
2
2
Membership December 31, 1947
73
140
1
214
Retired Members
15
15
30
Deaths
2
2
4
Membership December 31, 1947 13
13
26
DEPENDENT BENEFICIARIES OF DECEASED MEMBERS
2
2
INVESTMENTS OF THE 4% SYSTEM AS OF DECEMBER 31, 1947
Par
Value
$ 5,000 American Telephone & Telegraph 234s, 1961
$
Book Value 5,675.00
10,000 Atlantic Coast Line RR 1st 4s, 1952
9,107.50
15,000 Baltimore & Ohio RR 1st 4s, 1948
13,519.88
8,000
Boston & Albany RR 31/2s, 1952
6,810.00
10,000
Boston & Albany RR 5s, 1963
10,452.50
10,000
Boston & 'Albany RR 4s, 1960
10,052.25
10,000 Central Pacific RR 1st 4s, 1949
8,279.21
10,000 Chesapeake & Ohio Ry 31/2s, 1996
10,551.23
10,000 Dominion of Canada 4s, 1960
10,037.49
10,000
Morris & Essex RR 1st & Ref 31/2s, 2000
7,946.44
10,000
Northern Pacific Ry - Prior Lien Ry Land Grant 4s, 1997
8,976.26
9,000
Puget Sound Power & Light Co 41/2s, 1st 1971
9,382.50
5,000
Southern Pacific Co. Oregon Lines A 41/2s, 1977
4,900.80
10,000
Southern Railwy Co. 1st Cons. Mtg. 5s, 1994
9,744.53
10,000
Texas & Pacific Railway 1st 5s, 2000
10,057.99
10,000
U. S. Treasury 2s, 1954/52
10,290.63
$162,000
$153,438.25
STATEMENT OF CASH RECEIPTS AND PAYMENTS For the 5% System For the Year Ending December 31, 1947
RECEIPTS
Cash on Hand January 1, 1947
$ 12,801.72
Members Contributions
66,300.56
Transfers
806.03
Appropriations by City :
Pension Fund 3,095.00
Bonds Sold or Called
51,714.80
Membership January 1, 1947
Membership December 31, 1947
10,000 New York Central RR Cons A 4s, 1998
7,654.04
136
Income from Investments:
Interest on Bonds
11,919.30
Total
$146,637.41
PAYMENTS
Refunds of Contributions :
On account of resignations and dismissals
$ 5,191.47
Pension Payments
460.31
Bonds purchased
130,832.63
Savings Bank Deposit
7,000.00
Accrued interest on bonds purchased
360.55
Cash balance as of December 31, 1947
2,792.45
Total
$146,637.41
INCOME ACCOUNT - 1947
Cash interest received
$11,919.30
Interest accrued but not due 12/31/47
3,490.72
Less:
Accrued interest January 1, 1947
2,801.43
Interest paid on bonds purchased
360.55
3,161.98
Net Interest Earned
12,248.04
3% Credited on average funds:
'Annuity Savings Fund
6,393.73
Annuity Savings Fund Special
222.84
Pension Accumulation Fund
6,802.33
13,418.90
Deficiency to be made up by City
$ 1,170.86
BALANCE SHEET AS OF DECEMBER 31, 1947
Cash $ 2,792.45
Annuity Savings Fund .
. $285,925.76
Investments
489,419.78
Annuity Sav. Fund Spec. 5,610.23
Savings Bank Deposit
25,000.00
Pension Accum. Fund 226,744.46
Accrued Interest
3,584.47
Annuity Reserve Fund
2,516.25
$520,796.70
$520,796.70 SCHEDULE OF MEMBERSHIP FOR 1947 Active Members
Total
Members in Service Membership
Group A
Group B
Active membership 12/31/46
Male 194 49
Female 247 160
29
238
Total
243
407
137
787
Deduct, ceased by :
Death
1
1
Withdrawal
9
56
1
66
Retirement for:
Accidental Disability
2
2
Total Deductions
10
56
3
69
Active Membership Dec. 31, 1947
233
351
134
718
Male 108
549
Enrolled during 1947
143,844.96
$15,410.02
137
QUINCY RETIREMENT BOARD EXPENSES For Year Ending December 31, 1947
Appropriation by City:
Expense Fund
$ 3,746.04
Expenses :
Secretarial
$ 1,600.92
Extra Clerical
517.32
Actuarial
550.00
Printing
78.00
Postage
42.00
Office Supplies
94.28
Bonds
75.00
Miscellaneous
150.00
3,107.52
Unexpended balance
S 638.52
Transferred by City Council
132.75
Balance returned to City
$
505.77
INVESTMENTS OF THE 5% SYSTEM As Of December 31, 1947
Par
Book Value
Value
$ 5,000
American Telephone & Telegraph Co. 234s, 1961
$
5,456.25
8,000 American Telephone & Telegraph Co. 234s, 1980
8,010.00
7,000 Atchison, Topeka & Santa Fe GM 4s, 1995
7,605.68
10,000
Chesepeake & Ohio RR, 31/2s, 1996 .
10,607.30
10,000
Chicago, Burlington & Quincy GM 4s, 1958
9,288.28
8,000
Consolidated Edison Co. 234s, 1982
8,240.00
8,000 Detroit Edison Co. 234s, 1982
8,090.00
10,000
Erie Railroad 31/8 s, 2000
9,518.75
10,000
Illinois Central Ry - Louisville Div. 31/2s, 1953
9,295.36
10,000
Illinois Central Ry Ref. 5s, 1955
8,640.59
10,000
New York Central & Hudson River GB 31/2s, 1997
7,482.81
10,000
Northern Pacific Railway Gen. Line. SF 2s, 2047.
6,792.79
15,000
Reading Co. D 31/8s, 1995
15,199.50
15,000
Southern Pacific Ry. Co. 214s, 1961
14,362.50
10,000
Southern Railway Co. - St. Louis Div. 1st 4s, 1951
8,343.59
10,000
Virginian Railway 3s, 1995
10,575.00
20,000
U.S. Treasury 1s, 1948
20,000.00
10,000
U.S. Treasury 2s, 1952/50
10,145.75
25,000
U.S. Treasury 2s, 1954
25,765.63
8,000
U.S. Treasury 214s, 1952/55
8,000.00
70,000
U.S. Treasury 21/2s, G March 1958
70,000.00
30,000
U.S. Treasury 21/2s, G May 1958
30,000.00
30,000
U.S. Treasury 21/2s, G January 1959
30,000.00
50,000
U.S. Treasury 214s, 1959/56
50,000.00
65,000
U.S. Treasury 214s, 1962/59
65,000.00
10,000
U.S. Treasury 21/2s, 1968/63
10,000.00
23,000
U.S. Treasury 21/2s, 1972/67
23,000.00
$497,000
$489,419.78
25,000
Quincy Savings Bank Deposit
25,000.00
$522,000
$514,419.78
138
Collector of Jaxes
To His Honor, the Mayor of the City of Quincy:
I have the honor to submit the following report of the Tax Collector's Department for the year ending December 31, 1947.
The amount of cash collected on the tax for the various years is as follows:
REAL ESTATE OF 1945
Cash Received
Amount uncollected January 1, 1947. . . $1,490.25 7.50
Charges
1,497.75
Credits
83.25
1,414.50
Less Abatements
6.00
1,408.50
Amount collected during year 1947
1,350.00
$1,350.00
Amount uncollected January 1, 1948
58.50
Amount of interest collected during year 1947
83.01
WATER LIENS OF 1945
Amount uncollected January 1, 1947
$14.00
Amount collected during year 1947
14.00
14.00
PERSONAL TAX OF 1946
Amount uncollected January 1, 1947.
$4,724.00
Less Abatements
266.25
4,457.75
Amount collected during year 1947
3,026.84
3,026.84
Amount uncollected January 1, 1948
1,430.91
REAL ESTATE OF 1946
Amount uncollected January 1, 1947
$301,401.79
Charges
31.19
301,432.98
Credits
16,039.78
285,393.20
Less Abatements
3,321.00
282,072.20
Abatement Refunds
3,195.00
285,267 .. 20
Amount collected during year 1947
253,016.75
253,016.75
Amount uncollected January 1, 1948 Amount of interest collected
32,250.45
5,204.75.
139
MAIN SEWER APPORTIONMENTS OF 1946
Amount uncollected January 1, 1947
$998.96 180.84
Credits
818.12
Amount collected during year 1947
804.43
804.43
Amount uncollected January 1, 1948
13,69
STREET BETTERMENT APPORTIONMENTS OF 1946 Amount uncollected January 1, 1947 $551.69 5.90
Credits
545.79
Amount collected during year 1947
295.81
295.81
Amount uncollected January 1, 1948
249.98
COMMITTED INTEREST ON BETTERMENTS OF 1946
Amount uncollected January 1, 1947 Credits
34.94
279.70
Amount collected during year 1947
209.52
209.52
WATER LIENS ON 1946 TAX BILLS
Amount uncollected January 1, 1947
$2,092.69
Charges
3.00
2,095.69
Credits
431.09
1,664.60
Amount collected during year 1947
1,664.60
1,664.60
PERSONAL TAX OF 1947
Total amount committed by Assessors
$291,545.60
Charges
23.10
291,568.70
Less Abatements
2,353.84
289,214.86
Abatement Refunds
96.53
289.311.39
Amount collected during year 1947
280,160.06
280,160.06
Amount uncollected January 1, 1948
9,151.33
REAL ESTATE OF 1947
Total amount committed by Assessors $4,348,123.62
4,055.43
Charges
4,352,179.05
$314.64
Amount uncollected January 1, 1948
70.18
140
Credits
646.07
Less Abatements
4,351,532.98 35,059.21
Abatement Refunds
7,936.65
4,324,410.42
Amount collected during year 1947
3,728,517.59
3,728,517.59
Amount uncollected January 1, 1948
595,892.83
Amount of interest collected
842.66
MAIN SEWER APPORTIONMENTS OF 1947
Total amount committed by Assessors
$6,488.06 17.63
Charges
6,505.69
Credits
32.44
6,473.25
Amount collected during year 1947
5,675.83
5,675.83
Amount uncollected January 1, 1948
797.42
SIDEWALK APPORTIONMENTS OF 1947
Total amount committed by Assessors
$107.83
Charges
6.44
Amount collected during year 1947.
114.27
114.27
STREET BETTERMENT APPORTIONMENTS OF 1947
Total amount committed by Assessors
$8,051.86 43.98
Charges
8,095.84
Credits
43.78
8,052.06
Amount collected during year 1947
7,172.34
7,172.34
Amount uncollected January 1, 1948
879.72
COMMITTED INTEREST ON BETTERMENTS OF 1947
Total amount committed by Assessors .
$3,250.38 17.38
3,267.76
Credits
16.71
3,251.05
Less Abatements
36.98
3,214.07
Amount collected during year 1947
2,846.10
2,846.10
Amount uncollected January 1, 1948
367.97
114.27
Charges
4,316,473.77
141
WATER LIENS OF 1947
Total amount committed by Assessors
$9,429.90 131.94
Charges
9,561.84
Less Abatements
7.50
9,554.34
Amount collected during year 1947
7,491.74
7,491.74
Amount uncollected January 1, 1948
2,062.60
POLL TAX OF 1947
Total amount committed by Assessors .
$53,436.00
Charges
8.90
53,444.90
Less Abatements
16,514.00
36,930.90
Abatement Refunds
100.00
37,030.90
Amount collected during year 1947
35,720.90
35,720.90
Amount uncollected January 1, 1948
1,310.00
POLL TAX OF 1946
Amount uncollected January 1, 1947
$944.00
Charges
2.00
946.00
Less Abatements
218.00
728.00
Abatement Refunds
170.00
Amount collected during year 1947
262.00
Amount uncollected January 1, 1948
636.00
POLL TAX OF 1945
Charges
$8.00
Abatement Refunds
62.00
70.00
Less Abatements
62.00
Amount collected during year 1947
8.00
MOTOR EXCISE TAX OF 1947
Total amount committed by Assessors
$182,884.66
Charges
33.98
182,918.64
262.00
898.00
8.00
8.00
142
Less Abatements
7,012.22
Abatement Refunds
175,906.42 1,749.09
Amount collected during year 1947
166,882.12
166,882.12
Amount uncollected January 1, 1948
10,773.39
Amount of interest collected
72.44
MOTOR EXCISE TAX OF 1946
Amount uncollected January 1, 1947. $7,260.25
Warrant by Assessors
4,025.38
Charges
5.71
11,291.34
Less Abatements
54.01
11,237.33
Abatement Refunds
10.76
11,248.09
Amount collected during year 1947
10,105.50
10,105.50
Amount uncollected January 1, 1948
1,142.59
Amount of interest collected
35.12
MOTOR EXCISE TAX OF 1945
Charges
$7.92
Amount collected during year 1947
7.92
7.92
Amount of interest collected
.12
MAIN SEWERS
Amount collected on Sewer Construction
$976.42
Amount of interest collected
6.33
STREET BETTERMENT
Amount collected on Street Betterments
21,348.99
Amount of interest collected
19.36
SIDEWALK
Amount collected on Sidewalk
10.62
Amount collected on Water Liens Previous
130.42
Costs collected during year 1947
3,270.13
Total Amount of Cash Collected during year 1947. .
$4,537,346.69
FREDERICK C. S.MAIL, Collector of Taxes.
177,655.51
11,285.63
143
Board of Assessors
VALUATION
Value of Buildings
Value of Land
$90,430,250.00 41,313,475.00
Value of Land and Buildings
131,743,725.00
Value of Personal
8,834,000.00
Total Valuation of the City as determined January 1, 1947 $140,577,725.00
TAX RATE $33.00
Amount to be raised by Taxation
$4,639,071.09
Amount to be raised on Poll Taxes
52,202.00
The valuation was increased by omitted assessments levied in December, 1947
14,125.00
Net Valuation of Motor Vehicles December 31, 1947
5,047,879.00
Total Valuation of the City including automobiles for 1947 was 145,625,604.00
RECAPITULATION BUDGET FOR 1947
CITY APPROPRIATIONS:
Budget
$6,171,218.76
General Interest
36,813.75
City Debt
366,000.00
Temporary Loan Interest
7,000.00
Deficit Overlay
7,859.28
Appropriations from Available Funds
727,278.92
Overlay (current year)
100,006.17
Water Appropriations
183,382.42
Court Judgments
324,807.71
$7,924,367.01
STATE ASSESSMENTS:
State Tax
104,650.00
Charles River Basin
12,570.28
Metropolitan Parks
32,197.19
Nantasket Beach
3,966.89
Metropolitan Boulevard
584.52
Metropolitan Sewerage
82,091.17
Metropolitan Water
95,240.00
State Audit
3,764.15
State Examination of Retirement
209.03
Smoke Inspection
1,694.43
Underestimates in 1946
16,423.43
$353,391.09
COUNTY ASSESSMENTS:
County Tax
$182,101.76
County Hospital
69,813.80
1946 Underestimates, County Tax
3,861.36
$255,776.92
$8,533,535.02
TOTAL EXPENSES
144
ESTIMATED INCOME FOR 1947
Income Tax
$379,306.00 288,466.72
Corporation Tax
Gasoline Tax
88,469.21
Motor Vehicle and Trailer Excise
125,000.00
Licenses
82,355.00
Fines
9,000.00
Special Assessments
22,000.00
General Government
9,426.00
Protection of Persons and Property
8,000.00
Health and Sanitation
53,000.00
Highways
1,300.00 58,000.00 255,446.95
Old Age Assistance
14,425.00
Veterans' Benefits
8,800.00
Schools
30,000.00
Libraries
5,200.00 700.00
Water Department
278,622.42
Cemeteries
29,000.00
Interest on Taxes
10,000.00
Hospital
616,515.00
F. H. C. Housing Benefit
6,000.00
Miscellaneous
5,000.00
Sup. Cherry Sheet - May 6, 1947
250,720.88
$2,634,753.18
Overestimates for 1946
$229.83
Available Funds (Council Transfers)
208,435.98)
518,842.94)
From Water Reserve Account
180,000.00
Available Funds for Parking Space
300,000.00
$1,207,508.75
Total Estimated Receipts
$3,842,261.93
Respectfully submitted,
BOARD OF ASSESSORS
CHARLES F. A. SMITH Chairman
ARNOLD O. EASTMAN LARRY ANTONELLI
. .
.
. .
.
.
.
.
.
.
.
ยท
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Charities
Old Age Tax (Meals)
Recreation
THOMAS CRANE PUBLIC LIBRARY 3 1641 00428 1857
SEP :32 1 1999
THE OBSERVER PRESS, inc.
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