Norwood annual report 1951-1953, Part 20

Author: Norwood (Mass.)
Publication date: 1951
Publisher: The Town
Number of Pages: 1128


USA > Massachusetts > Norfolk County > Norwood > Norwood annual report 1951-1953 > Part 20


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).


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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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