USA > Massachusetts > Norfolk County > Norwood > Norwood annual report 1942-1944 > Part 62
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$4,665.06
1946
4,628.60
1947
966.13
1948
102.08
Apportioned Street Betterment Assess- ments Revenue:
Due in 1945
91.71
1946
91.71
1947
91.69
1948
91.69
1949
91.69
1950
91.69
1951
91.69
641.87
$11,003.74
$11,003.74
290
$10,361.87
TOWN OF NORWOOD
DEBT ACCOUNTS
Net Funded or Fixed Debt:
Loans. Inside Debt Limit:
Inside Debt Limit. .
$143,577.00
Schools
$40,000.00
Outside Debt Limit
279,000.00
Highway
12,577.00
Sewer
84,000.00
Municipal Office Building
7,000.00
Loans Outside Debt Limit:
Electric Light
$24,000.00
Schools .
126,000.00
Sewer
43,000.00
Water
31,000.00
Municipal Relief
30,000.00
Storm Damage
25,000.00
279,000.00
$422,577.00
$422,577.00
REPORT OF TOWN ACCOUNTANT
$143,577.00
-
291
292
TRUST, INVESTMENT AND RETIREMENT FUNDS
Trust, Investment and Retirement Funds, Cash and Securities:
Cemetery Perpetual Care Funds
$62,134.92
Anna M. Day Cemetery Fund
5,000.00
In Custody of Town Treasurer $435,752.48
High School English Prize Fund
500.00
Warren H. Cudworth Fund
500.00
Alice H. Plimpton Fund . .
12,035.88
Municipal Light Guarantee Deposit Fund
9,400.00
E. Florence Morse Fund
500.00
William T. Whedon Fund
500.00
Harriet W. Lane Fund. .
800.00
Post War Rehabilitation Fund
201,800.00
Municipal Contributory Retirement Funds
142,581.68
$435,752.48
$435,752.48
TOWN OF NORWOOD
293
REPORT OF TOWN ACCOUNTANT
TRIAL BALANCE December 31, 1944
Cash
Electric Light Discrepancy Account
Warrants Payable
$44,359.60
Poll Tax, 1944
68.00
Personal Property Tax, 1944
676.50
Real Estate Tax, 1944
44,971.12
Motor Vehicle Excise Tax, 1944
131.92
Apportioned Sewer Assessments, 1944
572.81
Committed Interest, 1944
104.93
Water Liens added to 1944 taxes
570.95
Unapportioned Sewer Assessments
153.60
Tax Titles
24,051.72
Tax Titles Possessions
36,832.29
Accounts Receivable
Real Estate
1,055.00
Granolithic Sidewalks
81.55
Moth
572.53
Cemetery
4,093.80
Cemetery, Care of Lots
6,110.00
General Government
59.99
Health
3,029.67
Highways
775.95
Police
2,167.07
Sanitation
449.56
Schools
617.13
Welfare
1,676.26
Old Age Assistance
227.16
Electric Light Service Rates
26,323.40
Electric Light
557.50
Water Rates
17,871.66
Water
1,899.41
Revenue Appropriations
73,527.90
Payroll Deductions for Bond Purchases
261.50
Federal Grant - Aid to Dependent Children Ad- ministration
443.26
Federal Grant-Old Age Assistance Administration
67.25
Federal Grant - Old Age Assistance
335.50
Federal Grant - George Deen Fund
1,652.50
Federal Grant - Smith Hughes Fund
105.67
Highway Grant - Chapter 464, Acts of 1935
155.85
Guarantee Deposits Electric Service Connections.
59.39
Guarantee Deposits Consumers' Electric Service
885.00
Guarantee Deposits - Dog Licenses
19.20
Guarantee Deposits - Sewer
869.06
Guarantee Deposits - Water.
646.46
Sale of Real Estate Fund
4,100.00
Debit $506,754.96 876.77
Credit
294
TOWN OF NORWOOD
Debit
Credit
Interest on Electric Consumer Deposits
$151.08
Fire Damage Loss
616.09
Tailings
2,105.65
Electric Light Guarantee Deposits Refunded in error
$167.00
Land Damage Checks Unclaimed
2,455.75
Cemetery Perpetual Care Bequests
350.00
Cemetery Perpetual Care Fund Income
3,690.08
Anna M. Day Income
601.98
Chickering Fund Income.
32.00
Warren H. Cudworth Fund Income
30.00
Alice H. Plimpton Fund Income
2,428.01
E. Florence Morse Fund Income
25.00
William T. Whedon Fund Income
25.00
High School English Fund Income
7.20
Post-War Rehabilitation Fund Income
90.00
Harriet W. Lane Fund Income
30.00
State Tax and Assessments.
58.24
Non-Revenue Appropriations
2,572.19
Cemetery Availbale Receipts
34,082.25
Reserve Fund - Overlay Surplus
5,804.25
Overlay, 1939
842.77
Overlay, 1940
81.65
Overlay, 1941
63.20
Overlay, 1942
59.44
Overlay, 1943
10.47
Overlay, 1944
816.31
Excess and Deficiency
368,645.35
Departmental Revenue
20,915.67
Motor Vehicle Excise Revenue
131.92
Special Assessment Revenue.
831.34
Tax Title Revenue
24,051.72
Tax Title Possession Revenue
36,832.29
Electric Light Revenue
27,662.67
Water Revenue
20,342.02
Apportioned Sewer Assessments - Not Due
10,361.87
Apportioned Sewer Assessments due in 1945
4,665.06
Apportioned Sewer Assessments due in 1946
4,628.60
Apportioned Sewer Assessments due in 1947
966.13
Apportioned Sewer Assessments due in 1948
102.08
Apportioned Street Betterment Assessments Not Due
641.87
Apportioned Street Betterment Assessment due in 1945
91.71
Apportioned Street Betterment Assessment due in 1946
91.71
Apportioned Street Betterment Assessment due in 1947 91.69
Apportioned Street Betterment Assessment due in 1948 91.69
295
REPORT OF TOWN ACCOUNTANT
Debit
Credit
Apportioned Street Betterment Assessment due in 1949
$91.69
Apportioned Street Betterment Assessment due in 1950
91.69
Apportioned Street Betterment Assessment due in 1951
91.69
Net Bonded Debt - Inside
$143,577.00
Net Bonded Debt -- Outside
279,000.00
School Loans - Inside
40,000.00
Highway Loans -- Inside
12,577.00
Sewer Loans -- Inside
84,000.00
Municipal Office Loans -- Inside
7,000.00
Electric Light -- Outside
24,000.00
School Loans --- Outside
126,000.00
Sewer Loans -- Outside
43,000.00
Municipal Relief Loans - Outside
30,000.00
Water Loans - Outside
31,000.00
Emergency Storm Damage -- Loans Outside
25,000.00
. Trust Funds Cash and Securities
293,170.80
Cemetery Perpetual Care Fund
62,134.92
Anna M. Day Fund
5,000.00
High School English Fund
500.00
Warren H. Cudworth Fund
500.00
Alice H. Plimpton Fund
12,035.88
Municipal Light Consumers' Trust Fund
9,400.00
E. Florence Morse Fund
500.00
William T. Whedon Fund
500.00
Harriet W. Lane Fund
800.00
Post-War Rehabilitation Fund.
201,800.00
$1,410,466.51 $1,410,466.51
296
TOWN OF NORWOOD
The Honorable Board of Selectmen:
Gentlemen:
The foregoing is submitted as the report of the Town Clerk and Accountant for the year ending December 31, 1944, setting forth abstracts of the records of town meetings and elections, vital statistics and statements of the appropriations and expenditures and the receipts from each source of income, also statement of funded debt, information relative to maturities and debt, the balance sheet showing the assets and liabilities at the close of the fiscal year.
I certify that I have examined the trust fund securities and cash in the hands of the Town Treasurer and find them to be correct and securities on hand as shown in the following schedule:
TRUST FUND SECURITIES - DECEMBER 31, 1944 Retirement Fund
Interest Dates
Lake Superior 312s 1966, Nos. M4387, 88, 89, M551
A & 0 1
$4,000.00
Toledo Edison 312s 1966, M96, 97, 98, 18755
J & J 1
4,000.00
Westchester Lighting 312s 1967, 8017-18
J & J 1
2,000.00 ยท
Jersey Central Light & Power 312s 1965, M23683, 84, 85,
M5841, M12398, 99, M19795, 96,97
M & S1
9,000.00
U. S. War Bonds Series G, V13129G
M & N 1
5,000.00
M70598, 599, 600, M73201, 202.
M & N 1
5,000.00
M226767, 768, 769
M & S1
3,000.00
X181352, X170194
M & N 1
20,000.00
M740324
J & J 1
1,000.00
X280180, X279703
A & 0 1
20,000.00
10 Pd. Up Shares Merrimac Co-op. Bank No. 1358.
2,000.00
10 Pd. Up Shares Norwood Co-op. Bank No. 233
2,000.00
Dedham Savings No. 72229
M & N 10
4,000.00
East Boston Savings No. 120970
J & J 15
3,005.00
Malden Savings No. 155338
A & O 10
4,040.00
Danvers Savings No. 6994
A & 01
2,500.00
Natick Five Cent Savings No. 59334
M & N 12
1,000.00
Newton Savings No. 85338
J & J 10
3,000.00
Atchison, Topeka & Santa Fe 4s 1995, No. RB3166
A & 0 1
5,000.00
N. Y. Central & Hudson River 312s No. 1997, M8800, 1, 2, 3, 4
J & J 1
5,000.00
U. S. War Bonds Series G, Nos. M2 682 496G, 497G, 498G. .
M & S1
3,000.00
U. S. War Bonds Series G, Nos. X482 378G
J & D 1
10,000.00
Northern Pacific Prior Lien 4s 1997 Reg. No. 9654
J, A, J, O 1
10,000.00
N. Y. Central & Hudson River 312s 1997 Reg. No. M9463, 64, 65
J & J 1
3,000.00
N. Y. Central & Hudson River 312s 1997 Reg. No.X7509
J & J 1
10,000.00
U. S. War Bond Series G, Nos. M3 374 217G
1,000.00
U. S. War Bond Series G, Nos. M3 374 218G
1,000.00
Total
$142,545.00
297
REPORT OF TOWN ACCOUNTANT
High School English Prize Fund
Interest Dates
278 Treasury Bonds 1955-60, Nos. 1991574, 58J, 59K, 60L, 61A M & S 15 $500.00
Warren H. Cudworth Fund
Dedham Savings No. 62375 M & N 10 500.00
Alice H. Plimpton Library Trust Fund
U. S. Savings Bonds Series G, M178138G, 39G, 40G, 41G, 42G
F & A1
5,000.00
Norwood Trust Savings No. 27276 J & J 1 35.88
U. S. Savings Bonds Series G A & 0 1
M2 805 906G
1,000.00
M2 769 479G
1,000.00
M2 806 226G
1,000.00
M2 806 227G
1,000.00
M2 806 228G
1,000.00
M2 806 229G
1,000.00
M2 806 231G
1,000.00
Total
$12,035.88
E. Florence Morse Library Trust Fund
U. S. Savings Bond Series G, Nos. D440 133G A & 0 1 500.00
Anna M. Day Fund
U. S. Savings Bond Series G, No. V252 070G A & 01 5,000.00
Electric Service Deposits
Town of Norwood Sewer Note No. 2553
J & D 1
1,000.00
U. S. Savings Bonds Series G .:
M & N 1
4,000.00
M69 932, 33, 34, 35 M160 068, M802 844
J & J 1
2,000.00
Norwood Trust Company Checking Account
400.00
U. S. Savings Bonds Series G, Nos. M2 810 077G, 078G .
2,000.00
1
Total
$9,400.00
William T. Whedon Library Fund
U. S. Savings Bond Series G, No. D349 400G
F & A 1
500.00
Harriet W. Lane Fund
U. S. Savings Bonds Series G
M & N 1
D744 212 C1 472 468, 69, 70
500.00
U. S. Savings Bonds Series G
A & 0 1
300.00
50,000.00
X278, 729, 30, 31, 32, 33
298
TOWN OF NORWOOD
Post-War Rehabilitation Fund
Interest
U. S. Savings Bonds Series G .:
Dates
M2 807 709G
M & N 1
$1,000.00
C2 736 532G
M & N 1
100.00
C2 736 816G
M & N 1
100.00
U. S. Treasury Notes Series June 1, 1947:
C53 841
100,000.00
C376 074, 75, 76, 77, 78
50,000.00
U. S. Savings Bonds Series G, No. D1 527 366G
500.00
U. S. Savings Bond Series G, No. C3 100 255G
100.00
$201,800.00
Cemetery Perpetual Care Fund
278 Treasury Bonds 1955-60
M & S 15
Nos. 179298J, 277430L .
2,000.00
Nos. 288698J 99K, 199162B, 63C, 64D
500.00
Town of Norwood Highway Note No. 2875
F & A 1
577.00
10 Pd. Up Shares Forest Hills Co-op. Bank No. 614
2,000.00
10 Pd. Up Shares Hyde Park Co-op. Bank No. 1776
2,000.00
M178 143, D5 756
F & A 1
1,500.00
V126 633, M692 051, 52
M & N 1
7,000.00
X279 701
A & 0 1
10,000.00
V252 067
A & 01
5,000.00
C1 231 737
A & 0 1
100.00
M1 635 743, 44, 45, 46.
A & 0 1
4,000.00
Dedham Savings No. 70351
M & N 10
5,041.00
Wildey Savings No. 169733
M & N 25
4,000.00
Brookline. Savings No. 105782
J & J 20
1,000.00
Charlestown Five Cent Savings No. 227562
A & O 15
4,000.00
Boston Five Cent Savings No. 1147096
A & O 15
4,000.00
Franklin Savings No. 199149
F & A 10
2,000.00
Boston Penny No. 235356
A & O 12
4,616.92
U. S. War Bond Series G No. D1 320 213G
A & 01
500.00
U. S. War Bond Series G No. M2 731 593G
A & 01
1,000.00
U. S. War Bond Series G No. M2 988 147G
J & D 1
1,000.00
U. S. War Bond Series G No. C2 829, 358G, 359G, 360G
J & D 1
300.00
U. S. War Bond Series G No. M3178 352G
1,000.00
U. S. War Bond Series G No. C3 161 643G, 644G
200.00
Total
$63,334.92
WALTER A. BLASENAK, Town Clerk and Accountant,
March 22, 1945.
Norfolk, ss.
Then personally appeared the above named Walter A. Blasenak and made oath that the foregoing statement is true.
CHARLES P. STONE, Justice of the Peace.
MUNICIPAL ELECTRIC LIGHT DEPARTMENT Plant Investment Accounts
Total Cost
Book Value Jan. 1, 1944
Additions During Year
Deprecia- tion
Book Value Dec. 31, 1944
$9,636.68 Land
$9,636.68
$9,636.68
79,761.98
Structures
54,048.86
$100.14
$2,412.44
51,736.56
205,350.91
Transformer Station Equipment
104,356.20
156.01
6,096.72
98,415.49
206,557.84
Poles, Fixtures and Conductors
84,642.18
2,223.26
6,723.44
80,142.00
45,436.32
Underground Conduits
31,737.83
114.03
1,368.12
30,483.74
53,622.11
Underground Conductors
42,689.99
169.64
1,612.96
41,246.67
67,294.03
Consumers' Meters *
26,680.76
181.11
2,028.32
24,833.55
16,825.76
Consumers' Meters Installation
13,768.58
645.65
508.96
13,905.27
55,865.75
Line Transformers. .
23,389.06
153.76
1,708.46
21,834.36
13,983.84
Transformer Installation
11,363.07
233.90
422.08
11,174.89
34,110.63
Street Lighting Equipment
14,377.74
622.99
1,026.77
13,973.96
$788,445.85
$416,690.95
$4,600.49
$23,908.27
$397,383.17
REPORT OF TOWN ACCOUNTANT
299
COMPARATIVE BALANCE SHEET STATEMENT Assets
Jan. 1, 1944
Investments
$416,690.95
Plant Investment .
Dec. 31, 1944 $397,383.17 13,007.22
Increase
Decrease $19,307.78 455.14
Current Assets
7,995.50 Cash Operating Fund
7,995.50
9,970.27
Special Deposits .
10,344.39
$374.12
23,637.42
Accounts Receivable
26,880.90
3,243.48
3,448.41
Materials and Supplies
4,272.08
823.67
652.74
Prepaid Insurance
608.82
43.92
$475,857.65
$478,063.33
$2,205.68
Liabilities
$67.50
Interest Accrued . .
$45.00
$22.50
9,970.27
Consumers' Deposits
10,344.39
$374.12
36,000.00
Notes Payable
24,000.00
12,000.00
180,808.00
Loans Repayment
192,808.00
12,000.00
32,724.15
Appropriation for Construction Repayment.
32,724.15
216,287.73
Profit and Loss Balance
218,141.79
1,854.06
$475,857.65
$478,063.33
$2,205.68
OPERATING REVENUE STATEMENT
Metered Sales to Private Consumers Street Lighting Revenue
$317,458.66
$34,390.94
11,879.40
1,185.60
Other Municipal Revenue
17,388.09
$222.63
TOWN OF NORWOOD
300
13,462.36
General Equipment.
INCOME STATEMENT
Operating Revenues
Dec. 31, 1944 346,726.15 283,575.62
Increase
Decrease 35,639.99 8,423.44
Operating Expenses
Net Operating Revenue
$63,150.53
$27,216.55
Merchandise and Jobbing Revenue
53.92
1,070.82
Interest Income
215.00
30.00
Gross Income
$63,419.45
$28,257.37
Interest on Bonds and Notes
458.86
76.34
Income Balance Transferred to Profit and Loss
$62,960.59
$28,181.03
PROFIT AND LOSS STATEMENT
Credits
Credit Balance at Beginning of Year. ..
$216,287.73
Credit Balance Transferred from Income Account
62,960.59
$279,248.32
Debits
Deductions from Surplus .
61,106.53
Balance Profit and Loss December 31, 1944
218,141.79
$279,248.32
.
.
.
REPORT OF TOWN ACCOUNTANT
301
302
OPERATING EXPENSE
Dec. 31, 1944 $196,293.81
Increase
Decrease $8,143.48
Electric Energy Purchased
Operation:
Transformer Station Labor
9,198.95
$962.72
Transmission and Distribution Lines
6,916.02
2,841.66
Inspecting and Testing Meters
853.00
77.55
Removing and Resetting Meters .
779.10
36.02
Removing and Resetting Transformers
15.40
27.24
Maintenance:
-
Of Transformer Station Structures
1,106.93
247.27
Of Transformer Station Equipment
1,171.51
1,468.88
Of Transmission and Distribution Lines
7,798.87
2,944.26
Of Underground Conduits
.73
.73
Of Underground Conductors
96.75
123.66
Of Consumers' Meters
338.93
182.91
Of Transformers
961.19
507.66
UTILIZATION
Operation of Municipal Street Lamps
208.47
44.19
Maintenance of Municipal Street Lamps .
2,551.13
1,117.10
Maintenance of Consumers' Installations
154.51
84.67
.
TOWN OF NORWOOD
COMMERCIAL
Dec. 31, 1944 20,850.00
Increase 500.00 8.51
Decrease
Salaries (Services by Other Departments) Advertising .
15.21
MISCELLANEOUS
Salary of Superintendent
3,500.00
Other General Department Salaries
1,243.36
824.64
Office Supplies and Expenses
182.77
66.18
General Office Rents
1,800.00
Insurance
530.34
487.54
Transportation Expenses
932.66
294.60
Inventory Adjustments
485.39
1,426.00
Maintenance of General Structures
1,053.14
81.47
Depreciation.
24,112.30
292.89
Miscellaneous General Expenses.
425.15
97.29
Total Operating Expenses
$283,575.62
$8,423.44
.
REPORT OF TOWN ACCOUNTANT
303
304
TOWN OF NORWOOD
WATER DEPARTMENT
Cash Received at Office of Town Treasurer:
Water Rates
$84,257.90
Service and Material
993.72
Hydrant Repairs.
390.76
Water Liens Added to 1944 Taxes
1,003.40
Water Liens Added to 1943 Taxes
232.25
Water Leins Added to 1940 Taxes
164.37
Hydrant Rentals.
6,622.00
Balance 1943 Extension Accounts (Non Revenue)
12.48
Balance 1943 Maintenance and Construction
5,177.13
$98,850.01
Disbursements
Maintenance and Operation
$38,619.07
Service Charge to Other Departments
15,230.00
Extension of Mains
9,926.99
Debt and Interest Charges
16,793.75
Reserve Balance December 31, 1944
Appropriated for:
Extension of Water Mains (Non Revenue)
12.48
Extension of Water Mains and Construction
8,405.00
Water Maintenance
688.00
Water Operation
1,299.00
$90,974.29
Cash Returned to Town Treasury
7,875.72
$98,850.01
REPORT OF TOWN ACCOUNTANT
305
CEMETERY PERPETUAL CARE BEQUESTS 1944
Total of Bequests to January 1, 1944 Received during year 1944:
$65,566.42
Lot No. Donor
S.G. 3344-3345 Robert Brown
50.00
339
William J. Hildebrand 200.00
2285
George Knoll 150.00
2331
Charles F. Holman
125.00
2579
Arthur G. Lewis.
125.00
1427 Steve and Patricia Sironka
150.00
S.G. 3326
Richard J. Stoddard
25.00
1031
James J. Dowling, Executor
250.00
1124
Estate of John Drummey.
150.00
1426
Michael O. McDonough
150.00
200A
Edith N. Holton
125.00
2305
Hilmer Eklund
125.00
405
Estate of Illina M. Kady
200.00
362A
Mrs. Thomas L. Darling 200.00
1412
Joseph E. Siegmund
125.00
1296
Mary L. Mulvehill
150.00
1412A
Peter and Agnes Jakstys
125.00
2563
Marguerite I. Elliott
125.00
1183
Ellen Lyons and Mary E. Smith
150.00
2393
Olga L. Meyer
125.00
528
William J. Donovan, M.D.
150.00
1593
George A. and Mary E. Lovell
125.00
Total - December 31, 1944 $68,666.42
306
TOWN OF NORWOOD
CONTRIBUTORY RETIREMENT - 1944
Membership
Membership, December 31, 1943:
Group 1 - Male 99: Female 35
Group II - Male 22 Total 156
Enrolled during year :
Group 1 - Male 5; Female 9
Group II - Male 6
Withdrawals:
Group I - Male 4, Female 2
Group II - Male 1
Retirement for:
Superannuation : Group I, Male 2
Membership, December 31, 1944: Total 167
Pensions
Retirement for:
Superannuation 29
Deaths 2
Membership, December 31, 1944 27 27
Total Membership, December 31, 1944 including Beneficiaries 194
Group I:
72 Males eligible for prior service credit: salaries 18 Females eligible for prior service credit: salaries Group II:
0 Males eligible for prior service credit Group I:
26 Males not eligible for prior service credit: salaries 24 Females not eligible for prior service credit: salaries Group II:
27 Males not eligible for prior service credit: salaries
$266,895.00
Income
From Members:
Group I.
$11,326.12
Group II
1,145.69
$12,471.81
From Town:
Appropriation as Contributors:
Accrued Liability
14,588.00
Normal Liability
7,437.00
Administration Expense
600.00
22,625.00
-
REPORT OF RETIREMENT BOARD
From Interest:
Interest on Bonds and Stocks.
$3,381.88
Interest on Deposits
378.52
From Other Sources:
Sale of Bonds.
13,223.00
Chapter 419 Acts of 1943
897.84
Interest Deficiency
72.68
14,193.52
$53,050.73
Disbursements
Annuity Payments:
Group I.
704.31
Group II.
1.80
706.11
Pension Payments:
Group I.
19,681.28
Group II.
926.88
20,608.16
Refunds:
Deposits
1,118.75
Interest
104.84
1,223.59
Investments
33,880.00
Accrued Interest
180.27
Administrative Expenses:
Salaries
289.14
Printing and Postage
46.50
Association Expense
45.35
380.99
$56,979.12
Assets
Bonds at Book Value
$123,754.62
Deposits in Bonds not at Interest
1,151.89
Deposits in Banks at Interest.
17,545.00
$142,451.51
Non-Ledger Assets
Interest Accrued on Bonds
1,265.74
Interest Accrued on Stocks
26.25
Interest Accrued on Saving Banks (Jan. 1)
102.27
Interest Deficiency
16.67
$143,862.44
Liabilities
Annuity Savings Fund:
Group I.
72,134.99
Group II.
3,599.86
Special Fund for Military Service
897.84
$76,632.69
$3,760.40
307
1
308
TOWN OF NORWOOD
Annuity Reserve Fund:
Group I
$6,081.41
Group II.
1.59
$6,083.00
Pension Accumulation Fund:
Group I
59,828.20
Group II
47.18
$59,875.38
Expense Fund
979.90
Profit and Loss on Sale of Bonds
291.47
$143,862.44
309
REPORT OF STATE AUDITORS
REPORT OF STATE AUDITORS
DEPARTMENT OF CORPORATIONS AND TAXATION
DIVISION OF ACCOUNTS Made in Accordance with the Provisions of Chapter 44, General Laws THE COMMONWEALTH OF MASSACHUSETTS Department of Corporations and Taxation Division of Accounts
State House, Boston December 19, 1944
To the Board of Selectmen,
Mr. Harry B. Butters, Chairman, Norwood, Massachusetts.
Gentlemen:
I submit herewith my report of an audit of the books and accounts of the town of Norwood for the period from October 1, 1943, to September 20, 1944, made in accordance with the provisions of Chapter 44, General Laws. This is in the form of a report made to me by Mr. Herman B. Dine, Assistant Director of Accounts.
Very truly yours,
THEODORE N. WADDELL, Director of Accounts.
TNW:CAH
Mr. Theodore N. Waddell, Director of Accounts,
Department of Corporations and Taxation,
State House, Boston.
Sir :
In accordance with your instructions, I have made an audit of the books and accounts of the town of Norwood for the period from October 1, 1943, the date of the previous examination, to September 20, 1944, the following report being submitted thereon:
The records of financial transactions of the several departments receiving or disbursing money for the town, or committing bills for collection, were examined and verified by comparison with the books and records in the offices of the treasurer and the town accountant.
The books and accounts in the town accountant's office were examined and checked in detail. The recorded receipts were compared with the town treasurer's books and with the records of the several departments collecting money for the town or committing bills for collection. The records of disbursements were checked with the treasury warrants and with the payments as shown by the town treasurer's books.
310
TOWN OF NORWOOD
The ledger postings were checked with the books of original entry, and the appropriations as recorded were checked with the town clerk's records of town meetings. The general and appropriation ledgers were analyzed, a trial balance was taken off, and a balance sheet, which is appended to this report, was prepared showing the financial condition of the town on September 20, 1944.
The books and accounts of the town treasurer were examined and checked in detail. The recorded receipts were compared with the records in the several departments in which money was collected for the town and with the other sources from which money was paid into the town treasury. The disbursements were checked with the warrants authorizing the treasurer to disburse town funds and with the accountant's books.
The footings of the cash book were verified, and the cash balance on September 20, 1944, was proved by actual count of the cash in the office and by reconciliation of the bank balances with statements furnished by the banks of deposit.
The recorded payments on account of maturing debt and interest were checked with the amounts falling due and with the cancelled securities on file.
The savings bank books and securities representing the investment of the trust and investment funds in the custody of the town treasurer were examined. The income was proved and all transactions were verified and compared with the treasurer's and the accountant's books.
The investments of the retirement system funds were personally examined. The receipts, representing appropriations by the town and contributions by the members, as well as income from investments, were checked in detail. The dis- bursements were checked and the cash balance was proved by reconciliation of the bank balance with a statement furnished by the bank of deposit.
The records of tax titles taken by the town for unpaid taxes and assessments were examined and the amounts added to the tax title account were checked with the collector's records. The tax titles redeemed were compared with the receipts as recorded on the treasurer's cash book, the foreclosures and disclaimers were verified, and the tax titles on hand were listed and reconciled with the accountant's ledger.
The books and accounts of the town collector were examined and checked. The taxes, assessments, departmental, municipal light, and water accounts out- standing according to the previous examination, as well as all subsequent com- mitments, were checked with the warrants for their collection.
The collector's cash books were footed and the recorded collections were compared with the payments to the treasurer as shown by the treasurer's and the accountant's books. The recorded abatements and discounts were checked to the records in the departments authorized to grant such credits, the taxes, assess- ments, and water liens transferred to the tax title account were reconciled with the records of tax titles held by the town, and the outstanding accounts were listed and proved with the accountant's controlling accounts.
Verification of the correctness of , the outstanding tax, assessment, depart- mental, municipal light, and water accounts was made by sending notices to a number of persons whose names appeared on the books and records as owing money to the town, the replies received thereto indicating that the accounts, as listed, are correct.
311
REPORT OF STATE AUDITORS
The financial records of the town clerk were examined and checked in detail. The records of licenses granted were compared with the record of licenses issued, and the receipts on account of licenses, permits, recording fees, etc., were checked and proved. The recorded payments to the town treasurer were verified by com- parison with the treasurer's books.
The collections on account of dog and sporting licenses were checked with the stubs on file and compared with the payments to the town treasurer.
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