Norwood annual report 1942-1944, Part 62

Author: Norwood (Mass.)
Publication date: 1942
Publisher: The Town
Number of Pages: 1122


USA > Massachusetts > Norfolk County > Norwood > Norwood annual report 1942-1944 > Part 62


Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).


Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33 | Part 34 | Part 35 | Part 36 | Part 37 | Part 38 | Part 39 | Part 40 | Part 41 | Part 42 | Part 43 | Part 44 | Part 45 | Part 46 | Part 47 | Part 48 | Part 49 | Part 50 | Part 51 | Part 52 | Part 53 | Part 54 | Part 55 | Part 56 | Part 57 | Part 58 | Part 59 | Part 60 | Part 61 | Part 62 | Part 63 | Part 64


$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.




Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.