USA > Massachusetts > Norfolk County > Norwood > Norwood annual report 1951-1953 > Part 20
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Income -- Trust and Investment Funds:
Cemetery Perpetual Care Fund
$15,561.11
Anna M. Day Cemetery Fund 1,471.00
Chickering Fund
16.51
Warren H. Cudworth Fund
21.17
Water Department:
Rates
32,098.77
Miscellaneous
1.096.57
Water Liens Added to 1951 Taxes 121.25
33,316.59
Harriet W. Lane Fund
80.00
Post War Rehabilitation Fund
382.35
Sale of Lots and Graves
7,499.50
Care of Lots
3,029.80
Electric Light-Consumers Deposits 145.83
15,071.98 269
REPORT OF TOWN ACCOUNTANT
Public Service Enterprise:
Municipal Electric Light Rates .. $28,748.42
Miscellaneous 3,995.36
32,743.78
Alice H. Plimpton Library Fund
2,424.78
E. Florence Morse Library Fund 18.82
William T. Whedon Library Fund 23.30
High School English Prize Fund 7.15
Cemetery:
Henry O. Peabody Fund 24,919.96
10,529.30
Veterans Housing: Surety Deposits 370.00 Rentals 7,935.63
8,305.63
Special School Lunch AAccount 3.599.20
Old Age Assistance
1,506.62
Library-Fihn Lending Service
6.72
BALANCE SHEET-Continued
Assets
Liabilities and Reserves
Overlay 1950
116.13
Federal Grants:
Aid to Dependent Children Admin.
206.99
Aid to Dependent Children 1.261.80
Old Age Assistance Admin.
2,358.49
Old Age Assistance
11,936.00
15.763.28
Unexpended Balances:
227.306.20
Revenue
Public Works Stock Credits
98.38
Reserve Fund -- Overlay Surplus
4.133.94
Overlay Reserved for Abatement of Taxes: Levy of 1951
9,572.47
Revenue Reserved until collected:
Departmental Revenue
34.576.07
Motor Vehicle Excise Revenne
6,866.31
Special Assessment Revenue
20,027.80
Tax Title Revenue
78.381.28
Tax Title Possession Revenue
27,161.00
Electric Light Revenue
32,743.78
Water Revenue
33.316,59
Aid to Highways Revenue
12.052.12
Surplus Revenue
272.974.28
270
TOWN OF NORWOOD
$1,048,566.80
$1,048.566.80
DEFERRED REVENUE ACCOUNTS
Apportioned Sewer Assessments Not Due $6,119.68
Apportioned Street Betterment Assessments Not Due 95.40
Apportioned Sewer Assessments Revenue:
Due in 1952
$1,290.73
Due in 1953 1,290.63
Due in 1954 1,290.54
Due in 1955
1,290.46
Due in 1956
200.43
Due in 1957
200.41
Due in 1958
200.40
Due in 1959
200.37
Due in 1960
155.71
6,119.68
Apportioned Street Assessments Revenue:
Due in 1952
23.85
Due in 1953
23.85
Due in 1954
23.85
Due in 1955
23.85
95.40
$6,215.08
$6,215.08
REPORT OF TOWN ACCOUNTANT
271
DEBT ACCOUNTS
Loans Inside Debt Limit: Sewer
. $1,000.00
Loans Outside Debt Limit:
Schools
$70,000.00
Sewer
6,000.00
Water
4.000.00
80,000.00
$81,000.00
$81,000.00
TRUST, INVESTMENT AND RETIREMENT ACCOUNTS
Trust, Investment and Retirement Funds:
Cemetery Perpetual Care Fund
$85,034.92
Anna M. Day Fund
5,000.00
High School English Prize Fund
500.00
In Custody of Town Treasurer
$479.926.75
Warren H. Cudworth Fund
500.00
Alice H. Plimpton Fund
11,000.00
Municipal Light Consumers' Deposit Fund
19,400.00
E. Florence Morse Fund
500.00
William T. Whedon Fund
500.00
Harriet W. Lane Fund
800.00
Post War Rehabilitation Fund
10,400.00
Henry O. Peabody Fund
808.851.40
Municipal Contributory Retirement Fund
346,291.83
$1,288.778.15
$1.288.778.15
272
Net Funded or Fixed Debt: Inside Debt Limit Outside Debt Limit
$1,000.00
80,000.00
TOWN OF NORWOOD
Cash'and Securities
In Custody of Trustees
808,851.40
273
REPORT OF TOWN ACCOUNTANT
TRIAL BALANCE December 31, 1951
Debits
Credits
Caslı
$759,017.36
Warrants Payable
$95.005.60
Poll Taxes 1951
42.00
Personal Property Taxes 1950
39.90
Personal Property Taxes 1951
2,773.88
Real Estate Taxes 1951
41,453.08
Motor Vehicle Excise Taxes 1951
6.866.31
Apportioned Sewer Assessments 1951
206.69
Unapportioned Sewer Assessments
19,776.16
Water Liens Added to 1951 Taxes
121.25
Tax 'Titles
78,381.28
Tax Title Possessions
27.161.00
Accounts Receivable
Real Estate
453.00
State Aid to Highways
12.052.12
Sidewalks
55.65
Moth
185.65
Cemetery
3,029.80
Cemetery, Sale of Lots and Graves
7,499.50
General Government
1,674.60
Highway
348.92
Police
2.813.66
Sanitation
872.34
Schools
14.201.02
Welfare
1,266.50
Old Age Assistance
1,506.62
Electric Light Rates
28,748.42
Electric Light
3,995.36
Water Rates
32,098.77
Water
499.91
Fire
168.90
Revenne Appropriations
227.306.20
Public Works Stock Credits
98.38
Bond Deductions
269.25
Admissions Tax
71.40
Federal Grant-
Aid to Dependent Children Administration
206.99
Aid to Dependent Children
1,261.80
Old Age Assistance Administration
2.358.19
Old Age Assistance
11,936.00
Smith Hughes Fund
58.67
Federal Housing-
Rents
7.935.63
Deposits
370.00
27.1
TOWN OF NORWOOD
Debits
Credits
School Lunch Special Program
3,599.20
School Athletic Fund
1,775.50
County Tax
2,801.88
State Assessments
8,828.10
Library Lending Program
6.72
Cemetery, Sale of Lots and Graves
73,831.02
Reserve Fund Overlay Surplus
4,133.94
Overlay 1950
116.13
Overlay 1951
9,572.47
Guarantee Deposits --
Consumers' Electric Light
4,541.00
Electric Light Connections
1,282.91
Dogs
30.00
Sewer
6,989.34
Sporting
359.00
Water
15,458.25
Specification Forms
65.00
Post War Rehabilitation Fund Principal
400.00
Sale of Real Estate Fund
950.14
Interest Consumers' Electric Light Deposits
145.83
Fire Damage Loss
1,906.84
Tailings
40.12
Land Damage Checks Unclaimed
1,070.75
Cemetery Perpetual Care Bequests
875.00
Cemetery, Perpetual Care Fund Income
15,561.11
Anna M. Day Income
1,471.00
Chickering Fund Income
16.51
Warren H. Cudworth Fund Income
21.17
Alice H. Plimpton Fund Income
2.424.78
E. Florence Morse Fund Income
18.82
William T. Whedon Fund Income
23.30
High School English Prize Fund Income
7.15
Post War Rehabilitation Fund Income
382.35
Harriet W. Lane Fund Income
80.00
Henry O. Peabody Fund Income
24.919.96
Departmental Revenue
34,576.07
Motor Vehicle Revenue
6,866.31
Special Assessment Revenue
20,027.80
Tax Title Revenne
78,381.28
Tax Title Possessions Revenue
27.161.00
Electric Light Revenue
32,743.78
Water Revenuc
33,316.59
Aid to Highways Revenue
12,032.12
Excess and Deficiency
272.974.28
Apportioned Sewer Assessments Not Due
6,119.68
1,290.73
Apportioned Sewer Assessments due in 1952
Apportioned Sewer Assessments due in 1953
1,290.63
275
REPORT OF TOWN ACCOUNTANT
Debits
Credits
Apportioned Sewer Assessments due in 1954
1,290.54
Apportioned Sewer Assessments due in 1955
1,290.46
Apportioned Sewer Assessments due in 1956
200.43
Apportioned Sewer Assessments due in 1957
200.41
Apportioned Sewer Assessments due in 1958
200.40
Apportioned Sewer Assessments due in 1959
200.37
Apportioned Sewer Assessments due in 1960
155.71
Apportioned Street Betterment Assessments Not Due
95.40
Apportioned Street Betterment Assessments due in 1952
23.85
Apportioned Street Betterment Assessments due in 1953
23.85
Apportioned Street Betterment Assessments due in 1954 Apportioned Street Betterment Assessments due in 1955
23.85
Net Bonded Debt Inside
1,000.00
Net Bonded Debt Outside
80,000.00
Sewer Loans Inside
1,000.00
School Loans Outside
70,00.00
Sewer Loans Outside
6,000.00
Water Loans Outside
4,000.00
Trust Funds Cash and Securities
942,486.32
Cemetery Perpetual Care Funds
85,034.92
Anna M. Day Fund
5,000.00
High School English Prize Fund
500.00
Warren H. Cudworth Fund
500.00
Alice H. Plimpton Fund
11,000.00
Electric Light Consumers' Deposit Fund
19,400.00
E. Florence Morse Fund
500.00
William T. Whedon Fund
500.00
Harriet W. Lane Fund
800.00
Post War Rehabilitation Fund
10,400.00
Henry O. Peabody Fund
808,851.40
$2,078,268.20
$2,078,268.20
-
23.85
276
MUNICIPAL ELECTRIC LIGHT DEPARTMENT Plant Investment Account
$
Total Cost
Book Value Jan 1, 1951
Additions During Year
Deprecia tion
Book Valuc Dec. 31, 1951
$9,636.68 Land
$9.636.68
$9,636.68
86,436.54
Structures
34,794.96
641.83
4,289.74
31,147.05
217,787.29
'Transformer Station Equipment
50,746.21
172.59
10,880.73
40.038.07
318.601.09
Pole Fixtures and Conductors
83,309.43
24,819.36
14,689.09
93.439.70
68,617.09
Underground Conduits
31,954.84
8.025.31
3,029.59
36,950.56
77,991.64
Underground Conductors
44,495.20
1.337.59
3.682.70
45,150.09
69.917.60
Consumers Meters
6,364.99
3.495.88
2,869.11
73,403.04
Consumers Meters Installation
13.415.65
17,487.01
2.795.80
58,106.86
74,227.21
Line Transformers
17,632.10
5,898.96
3,416.41
20,114.65
38,217.51
Transformer Installation
24.560.71
6.447.56
1.588.50
29.419.77
84.466.15 Street Light Equipment
16,934.51
5.872.27
3.929.69
48,877.09
$1,119,301.84
$393.845.28
$73.702.48
$51.798.13
$415.719.63
TOWN OF NORWOOD
COMPARATIVE BALANCE SHEET STATEMENT
Assets
Jan. 1, 1951 Investments
Dec. 31, 1951
Increase
Decrease
$393,815.28
Plant Investments
$415,719.63
$21,901.35
25.997.98
General Equipment
32.526.11
6.528.16
Current Assets
20,995.09
Special Deposits
25,223.91
1,228.82
36,983.04
Accounts Receivable
32,743.80
1,239.21
9,432.23
Materials and Supplies
12,090.55
2,658.32
230.16
Prepaid Insurance
335.00
104.84
7.391.86
Depreciation Fund
254.42
7,137.14
$191,875.64
$518,923.45
$21.017.81
Liabilities
20,995.09
Consumers Deposits
25.223.91
1.228.82
216,808.00
Loans Repayment
216,808.00
32,724.15
Appropriated for Construction Repayment
32,724.15
221.348.40
Profit and Loss Balances
244,167.39
19.818.99
$494,875.64
$518,923.45
$24.017.81
Operating Revenue Statement
Metered Sales to Private Consumers Street Lighting Revenue
522,232.84
38,063.16
16,021.80
154.56
Other Municipal Revenne
29,438.13
1,506.42
277
REPORT OF TOWN ACCOUNTANT
Income Statement
Dec. 31, 1951
Increase
Decrease
Operating Revenue Operating Expenses
$567.693.07
$36,402.18
481,704.05
33,209.62
Net Operating Revenue
$85,989.02
$3,192.56
Merchandise and Jobbing Revenue
8,815.47
8,851.17
Interest Income
383.33
83.33
Gross Income
$95.187.82
$12,127.06
Interest on Bonds and Notes
693.70
232.36
Income Balance Transferred to Profit and Loss
$94,494.12
$11,894.70
PROFIT AND LOSS STATEMENT
Credits
.
Credit Balance at Beginning of Year
$224.348.40
Credit Balance Transferred from Income Account
94,494.12
$318,842.52
Debits
Deductions from Surplus Balance Profit and Loss Dec. 31, 1951
74.675.13
244,167.39
$318.842.52
278
TOWN OF NORWOOD
OPERATING EXPENSE
Increase
Decrease
Electric Energy Purchased
$313,061.39 $9,964.73
Operation: Municipal Street Lamps
1,925.99
660.71
Transformer Station Labor
17,036.74
1,176.28
Transmission and Distribution Lines
15,326.04
3,413.13
Inspecting and Testing Meters
785.04
$82.63
Removing and Resetting Meters
1,996.30
632.18
Removing and Resetting Transformers
769.19
238.25
Maintenance:
Transformer Station Structures
1,540.02
216.67
Transformer Station Equipment
3,032.09
384.44
Transmission and Distribution Lines
16,804.86
1,164.37
Underground Conduits
54.88
27.80
Underground Conductors
101.44
250.46
Consumers Meters
708.50
83.50
Transformers
50.40
554.84
REPORT OF TOWN ACCOUNTANT
UTILIZATION
Maintenance of Municipal Street Lamps
3,227.62
247.96
Maintenance of Consumers Installation
2,881.40
641.28
279
COMMERCIAL
Safaries (Services by Other Departments) Advertising
$21,525.81
$1.156.64
1,794.73
932.03
MISCELLANEOUS
Salary of Superintendent
5.773.97
279.97
Other General Department Salaries
3.249.09
368.07
Office Supplies and Expenses
1,153.75
724.51
General Office Rents
1,800.00
Pensions
5.429.96
2.462.74
Insurance
1,129.79
893.34
Transportation
1.713.53
514.93
Inventory Adjustments
96.67
Maintenance of General Structures
2,199.41
118.03
Depreciation
53,408.98
4.382.60
Miscellaneous General Expenses
193.13
4409.40
Total Operating Expenses
$181.704.05
$33,209.62
280
.
TOWN OF NORWOOD
REPORT OF TOWN ACCOUNTANT
281
CEMETERY PERPETUAL CARE BEQUESTS 1951
Total of Bequests to January 1, 1951
$87,241.42
Received during year 1951:
Lot No. Donor
Rashidy and Julia A. Lewis $125.00
1531 Enrico Macchi
150.00
383 Arthur G. Hill
150.00
1056 John T. Curran
200.00
2256.1
R. E. Jones. Sr. and R. E. Jones, Jr.
125.00
1031
Annie E. Collins
150.00
1635
David J. Curran et al.
125.00
31
Minnie Fairbanks
150.00
1050 Charles V. Zalesky, Executor
200.00
586
Mary L. Graney
125.00
9927
Peter T. Flaherty
125.00
2264
Beatrice E. Webster
150.00
2259
Alfred Syverson
125.00
1104
Charles C. Langlois
150.00
603
Estate of Andrew Kelly
125.00
1685
Timothy and Nora Curran
125.00
11,3-4
W. Joseph Quinn
150.00
523
Estate of James Flaherty
150.00
1676
Joseph A. Nevins
150.00
1751
Michael A. McManus 125.00
125.00
80
Estate of Walter P. Readel
200.00
1577
Bartley Flaherty
125.00
2279B
Estate of Albert H. Gove
125.00
1715
Michael O'Brien
125.00
Single Graves
1464 Richard Reynolds 25.00
3479-3480 Clarence E. Anderson
50.00
$90,891.42
CONTRIBUTORY RETIREMENT-1951 Membership
Active Membership Dec. 31, 1950: Group I-Male 103, Female 42 Group I-Mate 39 Total 184
Enrolled during 1951: Group 1-Male 5, Female 5 Group HI-Male 4
Total 14
2272
Estate of Augusta S. Peterson
282
TOWN OF NORWOOD
CONTRIBUTORY RETIREMENT-1951
Withdrawals, Deaths, Retirements, Transfers:
Group I-Male 3, Female 5
Group II-Male 1 Total 9
Active Membership Dec. 31, 1951: Group I-Male 105, Female 42
Group II-Male 42 Total 189
Pensions
Inactive Membership Dec. 31, 1950:
Group I-Male 22, Female 4
Group II-Male 3 Total 29
Retirements during 1951:
Nonc.
Deaths of Retired Members during 1951:
Group I-Male 4
Group II-Withdrawal-Male I
Total 5
Inactive Membership Dec. 31, 1951
Total 24
Total Active and Inactive Membership Dec. 31, 1951:
Group I-Male 123, Female 46
Group II-Male 44
Total 213
Income
From Members:
Group I
$24,630.34
Group II
6,346.28
Transfers
3,237.41
$34.214.03
From Town:
Appropriation as Contributor,
Pension Fund
$28.845.16
Administration Expense
2,300.00
$31.145.16
From Interest:
On Bonds and Stocks
8,854.70
On Deposits in Banks
734.82
9.589.52
Disbursements
Annuity Payments:
Group 1
$2,009.17
Group II
1.80
Payments under Option B
1,607.30
$3,618.27
$74,948.71
283
REPORT OF TOWN ACCOUNTANT
CONTRIBUTORY RETIREMENT-1951
Pension Payments:
Group I
19,997.99
Group II
1,180.24
21,178.23
Relunds:
Group 1
5.948.79
Group II
357.82
6.306.61
Investments
39,512.50
Accrued Interest
76.68
39,589.18
Administrative Expense:
Personal Services
1,275.44
Printing and Stationery
51.65
Travel and Members Association expense
133.88
Postage and Incidentals
23.00
1,483.97
$72.176.26
Assets
Bonds and Stocks at Book Value
$291,238.94
Cooperative Bank Shares at Book Value
32,000.00
Deposits in Banks Not at Interest
9,507.89
Deposits in Banks at Interest
13,545.00
Interest Due and Accrued Dec. 31, 1951
1,782.31
$348,074.14
Liabilities
Annuity Savings Fund
$212,858.23
Annuity Reserve Fund
18,028.19
Special Fund for Military Service Credit
3,444.03
Pension Fund
111,798.85
Expense Fund
1,944.84
$348,074.14
The Honorable Board of Selectmen,
Gentlemen:
.
The foregoing is submitted as the report of the Town Clerk and Accountant lor the year ending December 31, 1951, 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 liabilities at the close of the fiscal year.
I certify that I have examined the securities and savings deposits of the Trust Funds in the hands of the Town Treasurer and find them to be correct as shown in the following schedule:
284
TOWN OF NORWOOD
TRUST FUND SECURITIES-DECEMBER 31, 1951
Interest Dates
Post War Rehabilitation Fund
U. S. Bonds Series G
X278, 729, April 1955 A &OI
$10.000.00
C2 736 816, May 1956 M & N 1
100.00
C:3 100 255, October 1956 1 &(1
100.00
(:3 187 836, 837, May 1957 M & NI
200.00
$10.400.00
High School English Prize Fund
2 7/8 Treasury Bonds 1955-60, 199 157H. 158J. 159K, 160L, 161.1 M & S 15 $500.00
E. Florence Morse Library Fund
C. S. Bond Series G D440 133. October 1954 1 & O1 $500.00
Anna M. Day Fund
U. S. Bond Series G V252 070. April 1955 A & O 1 $5.000.00
William T. Whedon Fund
U. S. Bond Series G D349 400 August 1954 F & A 1 $500.00
Harriet W. Lane Fund
U. S. Bonds Series G D774 212 May 1955 M & N 1 $500.00
CI 172 468. 469, 470, May 1955 M & N 1 300.00
$800.00
Electric Service Deposits
U. S. Bonds Series G
M699 32. 33, 34. 35. May 1953 M&NI
$4,000.00
M160 068, M802 844, July 1954 J & J1
2,000.00
M2 810 077. 078. May 1956 M & N 1 2 000.00
M3 501 483, May 1957 W & N 1
1,000.00
M6 202 563, M6 201 958, March 1960 M & S1
2,000.00
M7 345 567. 568, December 1961
2.000.00
M7 780 318. 319. October 1962
2.000.00
Union Savings Bank of Boston 1719 M & N 20
1,000,00
Norfolk County Trust Co. Checking Account
100.00
$19.100.00
Warren H. Cudworth Fund
Dedham Institution for Savings 62375 M & N 10
$500.00
285
REPORT OF TOWN ACCOUNTANT
Interest Dates
Alice H. Plimpton Fund
U. S. Bonds Series G
M178 138, 39, 40. 41. 42, August 1953 F & AI
$5,000.00
M2 769 479. April 1956 \&01
1.000.00
M12 806 226, 27, 28, 29, 31, April 1956
1×01
5,000.00
$11,000.00
Cemetery Perpetual Care Fund
2 7/8 Treasury Bonds 1955-60
179 298J. 277 4301.
M & S 15
$2.000.00
288 698J. 99K. 199 162B. 63C. 64D M & S 15
500.00
10 Paid up shares Forest Hills Co-op. Bank
FMA&NI 2.000.00
10 Paid up shares Hyde Park Co-op. Bank MJS&DI 2.000.00
U. S. Bonds Series G
M178 143. August 1953
F & A 1
1,000.00
D57 565, August 1953
F & A 1
500.00
V126 633, May 1954
M & N 1
5,000.00
M692 051. 052. May 1954
W & NI 2,000.00
X279 701. April 1955
1 & 01
10,000.00
V252 067. April 1955
1 &01
5,000.00
CI 231 737, April 1955
\ & 01
100.00
MI 635 743, 44, 45, 46, April 1955
1 & 01
4,000.00
DI 320 213, April 1956
1 & 01
500.00
M2 731 593. April 1956
1&01
1,000.00
M2 988 147, June 1956
J &DI
1,000.00
C2 829 358. 359, 360, June 1956
J & D 1
300.00
C3 161 643, 644, November 1956
M & N 1
200.00
M3 178 352. November 1956
M & N 1
1,000.00
M3 499 020, May 1957
M & NI
1,000.00
DI 822 644, May 1957
M & N 1
500.00
C3 487 834, 835, May 1957
M & N
200.00
M4 166 577, November 1957
M & N 1
1.000.00
D2 100 144, November 1957 M & N 1
500.00
C:3 908 904. 905, November 1957
M & NI
200.00
15 056 763, 764, 765, November 1958
3.000.00
C+ 477 665. 666. 667, November 1958
M & NI
300.00
M5 637 759, 760, July 1959 J & J1
M6 666 005, 6, 7, November 1960
M & NI
3,000.00
M17 345 569. 570, December 1961
J & D I
2,000.00
D3 267 504. December 1961
J & D 1
500.00
C:5 733 699. 700, 701, December 1961
J & D1
300.00
MI7 780 316, 317, October 1962 1 &O1
2,000.00
Dedham Institution for Savings 70351 M & N 10
6,418.00
Wildey Savings Bank 169733 M & N 25
4,000.00
2,000.00
286
TOWN OF NORWOOD
Interest Dates
Brookline Savings Bank 105782 J & J 20
1.450.00
Charlestown 5c Savings Bank 227562 1 & O 15 4.000.00
Boston 5c Savings Bank 1147096 1 X ( 15 1.000.00
Franklin Savings Bank 199149 F & AA 10
2.000.00
Boston Penny Savings Bank 235356 1 & ( 12 4,616.92
Union Savings Bank of Boston 1718
M & N 20
3,950.00
Retirement Fund
Westchester Lighting Co. 31/2 1967 8017-18 J & J I $2.000.00
Atchison, Topeka and Santa Fe 4 RB3166 .1 & O1 5.000.00
N. Y. Central & Hudson Riv. 31/2 1997 Reg. X7 509 J & J 1 10.000.00
M8 800, 1, 2. 3, 4, M19 463, 4, 5 J & J1
8.000.00
Northern Pacific Prior Lien 4 1997 Reg. 9654
JAJ&O1 10,000.00
Reading Co. 3 1/8 1995 63393-63407 incl. M &NI
15.000.00
Nashville, Chattanooga & St. Louis 3 1986 13594-603 incl. F & A]
10,000.00
American Tel. & Tel. 23/4 1980 RX234 F & \ ]
10.000.00
RV41 F & A ]
5.000.00
American Tel. & Tel. 25/8 1986 RX110 J & J] 10.000.00
RV30 J & JI 5.000.00
American Tel. & Tel. 27/8 1987
4-562, 563, 41-472, 42-086. 48-408 J & D1 5,000.00
New Eng. Tel. & Tel. 3 1974 27-852 to 856 incl. M & S 15 5,000.00
Narragansett Electric 3 1974 21391-95 incl. M & SI 5,000.00
Montana Power Co. 27/8 1975 2707-11 incl. 1 & 01 5.000.00
Ohio Power Co. 3 1978 29256-260 incl. 1 & 01
5.000.00
100 shares First Nat. Bank of Boston 236748 J & J1 4,912.50
50 shares First Nat. Bank of Boston 238466 J & J1 2.537.50
100 shares First Nat. Bank of Boston 242340 J & J1 4,815.35
200 shares Nat. Shawmut Bank 59044 & 59047 M & N 1 5,800.00
5 shares First Nat. Bank of New York 108486 AJ & O1
6,600.00
100 shares Manhattan Co. of N. Y. C66267 1
AJ&01 3,000.00
200 shares Irving Trust Co. 109983, 984 JAJ&O1 3.925.00
100 shares Continental Illinois Bank & Trust Co. CC22366 .JAJ & 01 9,012.50
100 shares Nat. City Bank of New York (189343 JA J & O 1
4,500.00
$85.034.92
287
REPORT OF TOWN ACCOUNTANT
Interest Dates
Co-op. Bank Paid up shares:
10 Merrimac Co-op. Bank 1358
F MA &N1
2,000.00
10 Norwood Co-op. Bank 233
JAAJ & O1
2,000.00
50 Norwood Co-op. Bank 3159
JAJ &O1
10,000.00
10 Hyannis Co-op. Bank 1209
JAJ &O1
2,000.00
20 Hyannis Co-op. Bank 3350
JAJ &O1
4,000.00
20 Sandwich Co-op. Bank 2903
JAJ & 01
4,000.00
40 Lincoln Co-op. Bank 2879 JAJ & 01
8,000.00
Dedham Institution for Savings 72229
M & N 10
4,000.00
East Boston Savings Bank 120970
J & J 15
1,005.00
Malden Savings Bank 155338
\ & O 10
4,040.00
Danvers Savings Bank 6994
A & O 1
2,500.00
Natick 5c Savings Bank 59334
M & N 12
1,000.00
Newton Savings Bank 85338
J & J 10
1,000.00
U. S. Savings Bonds Series G
V13129, May 1953
M & N 1
5,000.00
M70 598, 599, 600, M73 201, 202, May 1953
M & N ]
5,000.00
MI226 767, 768, 769, September 1953
M & S 1
3,000.00
X181 352, X170 194, May 1954
M & N 1
20,000.00
MI740 324, July 1954
J & J 1
1,000.00
X280 180, X279 703, April 1955
A & 01
20,000.00
M2 682 496, 497, 498, March 1956
M & S 1
3,000.00
X482 378, June 1956
J & D 1
10,000.00
M3 374 217, 218, December 1956 J & D 1
2,000.00
V575 516, June 1957
J & D 1
5,000.00
X790 674, 675, June 1959
J & D1
20,000.00
V892 554, June 1960
J & D 1
5,000.00
X1 123 403, 404, May 1961
M & N 1
20,000.00
X1 176 389, May 1962
M & N 1
10,000.00
$334,647.85
WALTER A. BLASENAK, Town Clerk and Accountant
Norfolk, ss. February 14, 1952
Then personally appeared the above named Walter A. Blasenak and made oath that the foregoing statement is true.
RAYMOND T. HALLORAN. Notary Public
My Commission Expires Feb. 15, 1957
The Commonwealth of Massachusetts
DEPARTMENT OF CORPORATIONS AND TAXATION
DIVISION OF ACCOUNTS
LENSE PE
OVIETEM
PLACIDAM
LIBERTATE!
SVB
REPORT OF AN AUDIT OF
THE ACCOUNTS OF
THE TOWN OF NORWOOD
For the Period from September 1, 1950 to September 30, 1951
Made in Accordance with the Provisions of Chapter 44, General Laws
291
REPORT OF STATE AUDIT
REPORT OF STATE AUDITOR
To the Board of Selectmen Mr. Clement A. Riley, Chairman Norwood, Massachusetts
January 31, 1952
Gentlemen:
I submit herewith my report of an audit of the books and accounts of the town of Norwood for the period from September 1, 1950 to September 30, 1951, 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, FRANCIS X. LANG Director of Accounts
Mr. Francis X. Lang 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 September 1, 1950, the date of the previous examination, to September 30, 1951, and submit the following report thereon:
An examination and verification was made of the financial transactions of the town as recorded on the books of the several departments receiving or disbursing money for the town or committing bills for collection.
The books and accounts in the town accountant's office were examined and checked, the recorded receipts being compared with the treasurer's books and with the records in the several departments collecting money for the town. The payments, as entered, were checked with the treasurer's books and with the treasury warrants, while the appropriations and transfers were checked with the town clerk's records of financial votes passed by the town. A balance sheet showing the financial con- dition of the town on September 30. 1951 was prepared and is appended to this report.
It was noted that it has been the practice for some town officials, for whom appropriations are voted for travel outside the State, to receive a cash advance equal to the amount appropriated.
It is recommended in this connection that each official travelling outside the Commonwealth submit, upon his return, to the town accountant an itemized statement of expenditures, accompanied by receipted bills wherever possible.
The books and accounts in the town treasurer's office were examined and checked. The cash book was added throughout and the recorded receipts were compared with the several departmental records of payments to the treasurer, with
292
TOWN. OF NORWOOD
other sources from which the town received money, and with the town accountant's books. The recorded payments were checked with the approved warrants anthoriz- ing the disbursement of town funds.
The cash balance on September 30, 1951 was verified by reconciliation of the bank balances with statements furnished by the banks in which town money is deposited and by actual count of the cash in the office.
The recorded payments on account of debt and interest were compared with the amounts falling due and with the cancelled securities and coupons on file.
The savings bank books and securities representing the investments of the trust, investment, and retirement funds in the custody of the town treasurer were examined and listed. The income was proved and all transactions were verified and compared with the treasurer's and the accountant's books, and, in the case of the retirement funds, with the records of the retirement board.
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