USA > Massachusetts > Norfolk County > Norwood > Norwood annual report 1951-1953 > Part 65
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52,000.00
Net Bonded Debt Outside
86,000.00
School Loans Inside
52,000.00
School Loans Outside
56,000.00
Water Loans Outside
30,000.00
Trust Funds Cash and Securities
942,020.73
Cemetery Perpetual Care Funds
90,384.92
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
26,400.00
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
796,035.81
$2,414,263.19
$2,414,263.19
Apportioned Sewer Assessments Due in 1957
23.85
23.85
MUNICIPAL ELECTRIC LIGHT DEPARTMENT Plant Investment Account
Additions
Book Value Jan. 1, 1953
During Year
Deprecia- Book Value tion Dec. 31, 1953
Total Cost
$ 9,636.68 Land
$ 9,636.68
$
$
$ 9,636.68
86,661.54 Structures
27,050.22
4,333.08
22,717.14
232,863.58
Transformer Station Equipment
42,325.00
1,900.00
11,548.17
32,676.83
380,245.04
Poles, Fixtures and Conductors
104,135.64
35,260.96
17,504.35
121,892.25
71,293.20
Underground Conduits
35,686.54
509.28
3,539.20
32,656.62
137,554.12
Underground Conductors
52,726.28
48,086.71
4,473.37
96.339.62
70,085.94
Consumers' Meters
3,037.45
3,037.45
110,569.01
Consumers' Meters Installation
71,109.74
17,299.36
8,182.90
80,226.20
99,741.89
Line Transformers
18,605.77
23,312.20
3,821.48
38,096.49
54,653.80
Transformer Installation
36,911.57
7,033.61
2,381.01
41,564.17
93,352.50
Street Light Equipment
49,693.26
3,846.87
4,475.28
49,064.85
$1,346,657.30
$450,918.15
$137,348.99
$60,258.84
$527,908.30
REPORT OF TOWN ACCOUNTANT
295
COMPARATIVE BALANCE SHEET STATEMENT
Assets
Jan. 1, 1953
Investments
Dec. 31, 1953
Increase
Decrease
$450,918.15
Plant Investments
$527,908.30 28,490.52
$76,990.15
$2,017.81
Current Assets
65,484.46 Special Deposits
46,110.76
19,373.70
45,488.44
Accounts Receivable
32,847.12
12,641.32
3,151.18
Materials and Supplies
13,455.47
10.304.29
214.07
Prepaid Insurance
214.07
11,012.53 Depreciation Fund
1,588.91
9,423.62
$606,777.16
$650,615.15
$43,837.99
Liabilities
79,975.39
Appropriation for Construction
79,975.39
27,664.79
Consumers' Deposits
30,449.56
2,784.77
216,808.00 Loans Repayment
316,808.00
32,724.15
Appropriated for Construction Repayment
32,724.15
249,604.83
Profit and Loss Balance
290,658.05
41,053.22
$606,777.16
$650,615.15
$43,837.99
OPERATING REVENUE STATEMENT
Metered Sales to Private Consumers Street Lighting Revenue
$649,194.59
$88,828.90
17,529.44
658.94
Other Municipal Revenue
24,839.57
$4,811.81
TOWN OF NORWOOD
296
30,508.33
General Equipment
INCOME STATEMENT
Dec. 31, 1953
Operating Revenue Operating Expenses
$691,563.60 580,234.46
Increase $84,676.03 59,182.10
Decrease
Net Operating Revenue
111,329.14
25.493.93
Merchandise and Jobbing Revenue
47.44
1,962.29
Interest Income
554.18
79.18
Gross Income
111,930.76
23,610.82
Interest on Bonds and Notes
778.51
134.83
Income Balance Transferred to Profit and Loss
111,152.25
23,475.99
PROFIT AND LOSS STATEMENT
Credits
Credit Balance at Beginning of Year
$249,604.83
Credit Balance Transferred from Income Account
111,152.25
Miscellaneous Credits
212.17
$360,969.25
Debits
Deductions from Surplus Balance Profit and Loss. December 31, 1953
70,311.20
290,658.05
$360,969.25
REPORT OF TOWN ACCOUNTANT
297
OPERATING EXPENSE
Dec. 31, 1953
Increase
Decrease
Electric Energy Purchased
$381,132.28
$47.785.25
Operation:
Municipal Street Lamps
1,960.46
712.13
Transformer Station Labor
17,639.30
529.79
Transmission and Distribution Lines
14.637.76
1,519.70
Inspecting and Testing Meters
326.82
206.73
Removing and Resetting Meters
1,766.54
134.21
Removing and Resetting Transformers
207.67
517.84
Maintenance:
Transformer Station Structures
1,698.01
88.06
Transformer Station Equipment
6,859.78
4,216.07
Transmission and Distribution Lines
22,988.07
2,361.35
Underground Conduits
844.66
720.90
Underground Conductors
3,144.77
1.052.15
Consumers' Meters
1,355.66
46.47
Transformers
822.33
229.10
UTILIZATION
Maintenance of Municipal Street Lamps
$5,512.22
$1,649.41
Maintenance of Commercial Lighting Equipment
87.22
247.68
Maintenance of Consumers' Installation
4.490.89
446.64
298
TOWN OF NORWOOD
COMMERCIAL
Salaries (Services by Other Departments) Advertising ..
$26,397.22
$916.46
1.377.98
592.26
MISCELLANEOUS
Dec. 31, 1953
Increase
Decrease
Salary of Superintendent
$6,200.00
$200.00
Other General Department Salaries
3,376.96
754.96
Office Supplies and Expenses
1,353.68
539.54
General Office Rents
1,800.00
Insurance
1,033.37
$232.81
Pensions
5,827.29
180.81
Transportation
2,577.96
1,129.51
Maintenance of General Structures
2,095.28
24.04
Depreciation
62,033.65
4,532.59
Miscellaneous General Expenses
686.53
236.28
Total Operating Expenses
$580.234.46
$59,182.10
REPORT OF TOWN ACCOUNTANT
299
300
TOWN OF NORWOOD
CEMETERY PERPETUAL CARE BEQUESTS 1953
Total of Bequests to January 1, 1953
$93,916.42 Received during the year 1953:
Lot No. Donor
1561 Rebecca A. Connors
$150.00
2615 William H. Kaler
125.00
428
Estate of Ellen C. and Fred Rea
125.00
1386
Boleslaw Kuszynski
150.00
1096
Patrick Folan
200.00
1360
Mollie Jazaviakas
125.00
345
Walter A. Blasenak
150.00
2571
Marion Brennan Allen
150.00
149A Estate of Austin M. Maddox
125.00
2006
Helena M. Odenwalder
150.00
598
Maria E. Morgan
150.00
1376A Bambina Faccia
125.00
2232
Anna E. Ayer
125.00
2720
Annie Dauderis
125.00
Single Graves:
3374-3375 Oiva O. Sulonen
$50.00
3515 Barbara and Howard Konetchy
25.00
$95,966.42
CONTRIBUTORY RETIREMENT - 1953
Membership
Active Membership Dec. 31, 1952 Group A-Male 107, Female 41 Group B-Male 45 Total 193
Enrolled during 1953: Group A-Male 13, Female 4 Group B-Male 7 Total 24
Withdrawals, Deaths, Retirements: Group A-Male 9, Female 6 Group B-Male 2 Total 17
Active Membership Dec. 31, 1953: Group A-Male 111, Female 39 Group B-Male 50 Total 200
301
REPORT OF TOWN ACCOUNTANT
Pensions
Inactive Membership Dec. 31. 1952: Group A-Male 21, Female 4 Group B-Male 2 Total 27
Retirements during 1953: Group A-Male 6
Total 6
Deaths of Retired Members in 1953: Group A-Male 2
Total 2
Inactive Membership Dec. 31, 1953: Group A-Male 25, Female 4 Group B-Male 2 Total 31
Total Active and Inactive Membership Dec. 31, 1953: Group A-Male 136, Female 43
Group B-Male 52 Total 231
CONTRIBUTORY RETIREMENT - 1953 Income
From Members:
Group A
Group B
$27,060.16 7,584.49
$34,644.65
From Town:
Appropriation as Contributor Pension Fund
$27,445.00
Administrative Expense
2,000.00
29,445.00
From Interest:
On Bonds and Stocks
10,852.77
On Deposits in Banks
785.01
11,637.78
Sale of Stocks and Bonds
19,662.92
$95,390.35
Disbursements
Annuity Payments:
Group A
$2.814.80
Group B
1.80
$2,816.60
Pension Payments:
Group A
31,931.36
Group B
1,403.42
33,334.78
Refunds:
Group A
6,675.99
Group B
255.97
6,931.96
Investments
$56,310.00
302
TOWN OF NORWOOD
Administration Expense:
Personal Services
1,161.16
Printing and Stationery
65.80
Travel, Members Association Expense
182.44
Furniture and Fixtures
92.50
Postage and Incidentals
33.00
Medical Fees
55.00
1,589.90
$100,983.24
Assets
Bonds and Stocks at Book Value
$264,551.24
Cooperative Bank Shares at Book Value
75,000.00
Deposits in Banks not at Interest
7,247.22
Deposits in Banks at Interest
69.545.00
Interest Due and Accrued Dec. 31, 1953
1,765.64
$418,109.10
Liabilities
Annuity Savings Fund
$259,729.25
Annuity Reserve Fund
35,036.69
Special Fund for Military Service Credit
3,861.58
Pension Fund
115,796.60
Expense Fund
2,868.63
Inactive Accounts
502.41
Workmens Compensation
313.94
$418,109.10
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, 1953, 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 securities and savings deposits of the Trust Funds in the hands of the Town Treasurer and find them to be correct a shown in the following schedule:
303
REPORT OF TOWN ACCOUNTANT
TRUST FUND SECURITIES - DECEMBER 31, 1953
Interest Dates
Post War Rehabilitation Fund
U. S. Bonds Series G.
X278 729, April 1955
A & O 1
$10,000.00
C2 736 816, May 1956
M & N 1
100.00
C3 100 255, October 1956
A & O1
100.00
C3 487 836, 837, May 1957
M & N I
200.00
10,400.00
High School English Prize Fund
27/8 Treasury Bonds 1955-60
199 157h, 158j, 159K. 160L, 161A M & S 15
500.00
E. Florence Morse Library Fund
U. S. Bond Series G.
D440 133, October 1954
..... A & O ]
500.00
Anna M. Day Fund
U. S. Bond Series G V252 070, April 1955 A & O1 5,000.00
William T. Whedon Fund
U. S. Bond Series G. D349 400, August 1954 F & AI 500.00
Harriet W. Lane Fund
U. S. Bond Series G.
D774 212 CI 472, 468, 469. 470, May 1955
M & NI
500.00
M &NI 300.00
800,00
Electric Service Deposit Fund
U. S. Bond Series G.
M802 844, July 1954
J & J 1
1,000.00
M2 810 077, 078, May 1956 M & NI
2,000.00
M3 501 483, May 1957 M & NI
1,000.00
M6 202 563, M6 201 958, March 1960 M & SI
2,000.00
M7 345 567, 568. December 1961 J & D 1
2,000.00
M7 780 318, 319, October 1962 A & O 1
2,000.00
Union Savings Bank of Boston 1719
A & O 20
16,000.00
Norfolk County Trust Co. Checking Account
400.00
26,400.00
Warren H. Cudworth Fund
Dedham Institution for Savings 62375
M & N 10 500.00
304
TOWN OF NORWOOD
Interest Dates
Alice H. Plimpton Fund
U. S. Bonds Series G
M2 769 479, April 1956
A & O1
1,000.00
M2 806 226, 27, 28, 29, 31, April 1956 A & O 1
5,000.00
Union Savings Bank of Boston 3682
A & O 20 5,000.00
11,000.00
Cemetery Perpetual Care Fund
27/8 Treasury Bonds 1955-60
179 298J, 277 430L,
M & S 15
$2,000.00
288 698J. 99K 199 162B, 630 64D M & S 15
500.00
10 Paid up shares Forest Hills Co op. Bank 614
FMA & N1
2,000.00
10 Paid up shares Hyde Park Co-op. Bank 1776 MJS & D1
2,000.00
U. S. Bonds Series G
V126 633, May 1954
M & N 1
5,000.00
M692 051, 052, May 1954
M & N 1
2,000.00
X279 701, April 1955
A & O1
10,000.00
V252 067, April 1955
A & O1
5,000.00
Cl 231 737, April 1955
A & O1
100.00
MI 635 743, 44, 45, 46, April 1955
A & O 1
4,000.00
DI 320 213, April 1956
A & O 1
500.00
M2 731 593, April 1956
A & O1
1,000.00
M2 988 147, June 1956
J & D 1
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 & N 1
1,000.00
D1 822 644, May 1957
M & N 1
500.00
C3 487 834, 835, May 1957
M & N 1
200.00
M4 166 577, November 1957
M & N 1
1,000.00
D2 100 144, November 1957
M & N 1
500.00
C3 908 904, 905, November 1957
M & N1
200.00
M5 056 763, 764, 765, November 1957
M & N 1
3,000.00
C4 447 665, 666, 667, November 1957
M & N1
300.00
M5 637 759, 760, July 1959 J & J 1
2,000.00
M6 666 005, 6, 7, November 1960
M & N1
3,000.00
M7 345 569, 570, December 1961
J & D 1
2.000.00
D3 267 504, December 1961
J & D 1
500.00
C5 733 699, 700, 701, December 1961
J & D 1
300.00
M7 780 316, 317, October 1962
A & O 1
2,000.00
Dedham Institution for Savings 70351
M & N 10
6,418.00
Wildey Savings Bank 169733
M & N 25
4,000.00
Brookline Savings Bank 105782
J & J 20
1,450.00
Charlestown 5c Savings Bank 227562
A & O 15
4,000.00
305
REPORT OF TOWN ACCOUNTANT
Interest
Dates
Boston 5c Savings Bank 1147096
A & O 15
4,000.00
Franklin Savings Bank 199149
F & A 10
2,000.00
Boston Penny Savings Bank 235356
A & O 12
4,616.92
Union Savings Bank of Boston 1718
M & N 20
10,800.00
90,384.92
RETIREMENT FUND SECURITIES December 31, 1953
Bank Stocks:
100 First National Bank of Boston 236748 J & J 1
$4,912.50
50 First National Bank of Boston 238466 J & J 1
2,537.50
100 First National Bank of Boston 242340 J & J 1
4,815.35
7 First National Bank of Boston 302272 J & J 1
357.00
11 First National Bank of Boston 306045 J & J 1
561.00
100 Manhattan Co. of N. Y.
J & J & O 1
3,000.00
10 Manhattan Co. of N. Y.
J & J & O 1
310.00
200 Irving Trust Co. 109983, 984 J & J & O 1
3,925.00
100 National City Bank of N. Y. C189343 J & J & O 1
4,500.00
4 National City Bank of N. Y. CO440436 J & J & O1
196.50
100 Chemical Bank & Trust Co. 67732 J & J & O 1
4,550.00
10 Chemical Bank & Trust Co. F14762 J & J & O1
467.50
Co-operative Bank Paid Up Shares:
10 Merrimac Co-op. 1358
FMA & N1
2,000.00
10 Norwood Co-op. 233 J & J & O 1
2,000.00
50 Norwod Co-op. 3159
J & J & O 1
10,000.00
10 Hyannis Co-op. 1209
J & J & O 1
2,000.00
20 Hyannis Co-op. 3350
J & J & O1
4,000.00
30 Hyannis Co-op. 3925
J & J & O 1
6,000.00
20 Sandwich Co-op. 2903
J & J & O 1
4,000.00
40 Lincoln Co-op. 2879
J & J & O 1
8,000.00
30 Walpole Co-op. 1279
M J S & D 15
6,000.00
20 Middleborough Co-op. 6020
FM A & N 20
4,000.00
10 Mattapan Co-op. 5733
M J S & D 15
2,000.00
40 Needham Co-op. 5117
M & N 10
8,000.00
40 Stoneham Co-op. A1467
M & N 10
8,000.00
40 Framingham Co-op. 6565
FMA &N1
8,000.00
5 Marblehead Co-op. 142
M & N 1
1,000.00
Savings Bank Accounts:
Dedham Institution for Savings 72229
M & N 10
10,000.00
East Boston Savings Bank 120970
J & J 15
1,005.00
Malden Savings Bank 155338
A & O 10
4,040.00
Danvers Savings Bank 6994
A & O 1
2,500.00
Natick 5c Savings Bank 59334
M & N 12
6,000.00
Newton Savings Bank 85338
J & J 10
1,000.00
Weymouth Savings Bank 48399
J & D 15
5,000.00
Bass River Savings Bank 17170
A & O 10
5,00.00
Williamstown Savings Bank 21923
A & O 15
5,000.00
306
TOWN OF NORWOOD
Interest Dates
Salem Savings Bank 95406
A & O 16 1,000.00
Uxbridge Savings Bank 34490 J & J 1 5,000.00
Institution for Savings, Newburyport 98660 A & O 25
5,000.00
Abington Savings Bank 39371 A & O 5
2,000.00
Providence Institution for Savings 57349 A & O 15
5,000.00
Worcester County Institution for Savings 433109J & J 1
5,000.00
Union Savings Bank of Boston 368]
A & O 20
7,000.00
U. S. Savings Bonds, Series G:
X181 352, X170 194, May 1954
N & N 1
20,000.00
M740 324, July 1954
J & J 1
1,000.00
X280 180, X279 703, April 1955
A & O 1
20,000.00
M2 682 496, 497, 498, March 1956
M & SI
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 & D ]
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 & NI
10,000.00
Bonds:
Westchester Lighting Co. 31/2 1967 8017-18 J & J 1
2,000.00
Atchison, Topeka and Santa Fe 4 1995 RB3166 A & O1
5,000.00
N. Y. Cen.t & Hud. River 31/2 1997 Reg. X7 509 J & J 1
10,000.00
M8 800, 1, 2, 3, 4, M9 463, 4, 5 J & J 1
8,000.00
Northern Pacific Prior Lien 4 1997 Reg. 9654 J & J & O1
10,000.00
Reading Co. 31/8 1995 63393-63407 Incl. M & N 1
15,000.00
Nashville, Chattanooga & St. Louis 3 1986 13594-603 Incl.
F & A 1
10,000.00
Am. Tel & Tel. 23/4 1980 RX234 F & A 1
10,000.00
RV41
F & A 1
5,000.00
Am. Tel & Tel. 25/8 1986 RX 110 J & J I RV30 J & J 1
5,000.00
Am. Tel. & Tel. 27/8 1987
4-562, 563, 41-472., 42-086, 48-408 j & D ]
5,000.00
New Eng. Tel. & Tel. 3 1974 27852 to 856 Incl. M & S 15
5,000.00
Naragansett Electric 3 1974 21391-95 Incl. M & S 1
5,000.00
Montana Power Co. 27/8 1975 2707-11 Incl. A & O1
5,000.00
Ohio Power Co. 3 1978 29256-260 Incl. 1&O1
5,000.00
Total
$405,667.35 WALTER A.BLASENAK Town Clerk and Accountant February 16, 1954
Norfolk ss.
Then personally appeared the above named Walter A. Blasenak and made oath that the foregoing statement is true.
RAYMOND T. HALLORAN
My commission expires February 15, 1957. Notary Public
10,000.00
307
REPORT OF STATE AUDIT
REPORT OF STATE AUDIT
THE COMMONWEALTH OF MASSACHUSETTS DEPARTMENT OF CORPORATIONS AND TAXATION DIVISION OF ACCOUNTS
Report of an Audit of the Accounts of THE TOWN OF NORWOOD For the Period from October 1, 1951 to April 11, 1953 Made in Accordance with the Provisions of Chapter 44, General Laws
To the Board of Selectmen, Mr. Charles L. Rich, 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, 1951 to April 11, 1953, made in accord- ance with the provisions of Chapter 44, General Laws. This is in the form of a report made to me by Mr. William Schwartz, Assistant Director of Accounts.
Very truly yours,
HERMAN B. DINE, Director of Accounts
Mr. Herman B. Dine, Director of Accounts Department of Corporations and Taxation State House, Boston
Sir:
As directed by you, I have made an audit of the books and accounts of the town of Norwood for the period from October 1, 1951, the date of the previous audit, to April 11, 1953, and report thereon as follows:
The financial transactions, as recorded on the books of the several departments receiving or disbursing money for the town or committing bills for collection, were examined and verified by comparison with the records of the town accountant and the town treasurer.
The books and accounts in the town accountant's office were examined and checked in detail. The recorded receipts were checked with the treasurer's cash book and with the records of departmental payments to the treasurer, while the recorded disbursements were checked with the treasury warrants and with the record of payments by the town treasurer.
308
TOWN OF NORWOOD
The appropriations, loan authorizations, and transfers, as listed from the town clerk's record of town meetings and the records of the finance committee, were checked with the appropriation accounts in the accountant's ledger.
An analysis was made of the ledger accounts, a trial balance was taken off, the necessary adjusting entries resulting from the audit were made, and a balance sheet showing the financial condition of the town of April 11, 1953 was prepared and is appended to this report.
The books and accounts in the town treasurer's office were examined and checked in detail. The receipts, as recorded, were compared with the records of payments to the treasurer by the several departments, with other sources from which the town received money, and with the town accountant's books. 'The pay- ments were compared with the treasury warrants approved by the selectmen and with the town accountant's records.
The treasurer's cash balance on April 11, 1953 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 payments on account of maturing debt and interest were verified by com- parision with the amounts falling due and with the cancelled securities and coupons on file.
The transactions of the several trust, investment, and retirement funds in the custody of the town treasurer were verified, and the savings bank books and securi- ties representing the investments of these funds were examined and listed. The transactions of the retirement funds were checked with the records of the contribu- tory retirement system, and the cash on hand on April 11, 1953 was verified by reconciliation of the cash balance with a statement furnished by the bank of deposit.
The books and accounts of the Henry O. Peabody School for Girls Fund in the custody of trustees were examined and checked. The receipts on account of securi- ties sold, mortgage principal payments, and income were proved, the payments were compared with the approved vouchers on file, and the transfers to the town were compared with the town treasurer's recorded receipts. The cash balance on April 11, 1953 was proved by reconciliation of the cash book balance with a state- ment furnished by the bank of deposit.
The town treasurer's records of employees' payroll deductions on account of federal taxes and bond purchases were examined and checked. The payments to the Director of Internal Revenue and the payments for the purchases of bonds were verified. and the balances in the general treasury were proved with the respective ledger accounts.
The records of tax titles and tax possessions held by the town were examined and checked. The amounts transferred to the tax title account were compared with the collector's books, the recorded redemptions and sales were checked with the treasurer's cash book, the foreclosures were verified, and the tax title and tax possessions on land on April 11, 1953, were listed, reconciled with the town accountant' ledger, and checked with the records in the Registry of Deeds.
309
REPORT OF STATE AUDIT
The books and accounts of the Veterans' Housing Committee were examined and checked in detail. The receipts on account of rentals and surety deposits were proved with the tenants' ledger accounts and the payments to the town treasurer were verified. The treasurer's payments from the Veterans' Housing account were compared with the approved warrants on file, and the cash on hand on April 11, 1953 was proved by reconciliation of the bank balance with a statement furnished by the bank of deposit.
The books and accounts of the town collector were examined and checked in detail. The tax, motor vehicle and trailer excise, special assessment, departmental, electric light, and water accounts outstanding according to the previous examin- ation, as well as all subsequent commitments, were audited and reconciled with the warrants issued for their collection. The recorded receipts were checked with the payments to the treasurer and with the accountant's books, the abatements. as recorded, were compared with the assessors' and departmental records of abate- ments granted, and the outstanding accounts were listed and proved with the respective ledger accounts.
The outstanding tax, motor vehicle and trailer excise, departmental, electric light, and water accounts were verified by mailing notices to a number of persons whose names appeared on the books as owing money to the town, the replies received thereto indicating that the accounts, as listed, are correct.
The assessors' records of abatements granted were listed and reconciled with the collector's books and with the town accountant's ledger. The assessors' war- rants for the commitment of taxes, motor vehicle and trailer excise, and assessments were examined and checked with the detailed lists. The records of apportioned sewer and street assessment due in future years were listed and reconciled with the town accountant's ledger.
The records of guarantee deposits for sewer, municipal light, and water services, as well as those made by consumers of electric energy, were examined and checked. The recorded deposits were listed, the transfers to accounts receivable were verified, the refunds to depositors were checked with the vouchers on file, and the deposits on hand on April 11, 1953 were reconciled with the town accountant's ledger.
The town clerk's records of dog and sporting licenses issued, and of miscellan- eous collections from licenses, permits, recording fees, etc .. were examined and checked, the payments to the treasurer and the cash on hand being verified.
The surety bonds of the financial officers bonded for the faithful performance of their duties were examined and found to be in proper form.
The records of licenses and permits issued by the police, fire, building, and health departments were checked, the payments to the treasurer were compared with the treasurer's recorded receipts, and the cash on hand was verified.
It is again recommended that the chief of the fire department pay into the town treasury at least monthly all collections received for fuel permits.
The records of cash collections by the sealer of weights and measures, as well as by the school and library departments, were examined and checked. The cash books were footed, the payments to the treasurer were compared with the treas- urer's recorded receipts, and the cash on hand was verified.
310
TOWN OF NORWOOD
In addition to the departments mentioned, the records of all other depart- ments collecting money for the town were examined and checked, and the payments to the treasurer were verified.
Appended to this report, in addition to the balance sheet, are tables showing reconciliations of the treasurer's and the town clerk's cash, summaries of the tax, motor vehicle and trailer excise, assessment, tax title, departmental, municipal light, and water accounts, as well as tables showing the condition and transaction of the trust, investment, and retirement funds.
During the progress of the audit cooperation was received from all the town officials, for which, on behalf of my assistants and for myself, I wish to express appreciation.
Repectfully submitted,
WILLIAM SCHWARTZ, Assistant Director of Accounts
311
REPORT OF STATE AUDIT
RECONCILIATION OF TREASURER'S CASH General
Balance October 1, 1951
$349,812.88
Receipts:
October 1 to December 31,
1951
$1,259,143.48
1952
3,398,168.13
4,657,311.61
$5,007,124.49
Payments:
October 1 to December 31,
1951
$858,244.63
1952
3.330,872.55
Balance December 31, 1952
$4,189,117.18 818,007.31
$5,007,124.49
Balance January 1, 1953
$818,007.31
Receipts January 1 to April 11, 1953
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