USA > Massachusetts > Norfolk County > Norwood > Norwood annual report 1957-1959 > Part 30
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9,463.21
Federal Grant Disability Assistance Administration
599.22
Federal Grant Disability Assistance
158.80
Federal Aid to Airport
125.57
Smith Hughes Fund
5,427.22
School Special Lunch Counter Fund
6,733.61
Schools Athletic Fund
3,678.89
378
TOWN OF NORWOOD
TRIAL BALANCE-Continued
Debits
Credits
Reimbursement Municipal Airport
3,458.00
Premium on Loans
872.01
Guarantee Deposits :
Electric Consumers Deposits
1,873.90
Electric Light Connections
483.55
Dog Licenses
112.75
Sewer
3,750.26
Sporting Licenses
1,044.00
Water
9,577.68
Specification Forms
65.00
Highways
300.00
Old Age Assistance Recovery Account
22,094.77
Accrued Interest
2,146.67
Interest Consumers Deposits
1,070.72
Fire Damage Loss
1,906.84
Tailings
680.64
Land Damage Unclaimed Checks
2,059.75
Interest on Investment of School Loan Funds
2,707.25
Cemetery Perpetual Care Bequests
125.00
Cemetery Perpetual Care Fund Income
30,752.40
Anna M. Day Fund Income
1,529.25
Chickering Fund Income
58.22
Warren H. Cudworth Fund Income
101.07
Alice H. Plimpton Fund Income
3,060.35
E. Florence Morse Fund Income
83.64
William T. Whedon Fund Income
79.27
High School English Fund Income
8.13
Post War Rehabilitation Fund Income
10.50
Harriet W. Lane Fund Income
63.31
Henry O. Peabody Fund Income
36,792.44
Interest Water, Light and Sewer Loans
110.92
County Tax
6,565.55
County Hospital Assessment
4,592.64
State Parks Assessment
362.24
Mosquito Control
28.82
Metropolitan Sewer Assessment
4,298.76
Non-Revenue Appropriations
1,340,532.96
Cemetery Available Funds
41,544.51
Superior Court Judgements:
Theresa E. Ahern
10,000.00
George P. Ahern
13,500.00
Albert O. Carlson
500.00
E. A. Tessier
256.00
E. A. and G. T. Tessier
800.00
Overlay 1951
106.59
Overlay 1952
105.06
379
REPORT OF TOWN ACCOUNTANT
TRIAL BALANCE-Continued
Debits
Credits
Overlay 1953
114.75
Overlay 1954
270.39
Overlay 1955
8,776.84
Overlay 1956
16,195.48
Overlay 1957
11,583.39
Revenue Reserved Until Collected :
Departmental
26,854.12
Motor Vehicle Revenue
36,403.49
Special Assessment Revenue
36,836.78
Tax Title Revenue
13,710.28
Tax Title Possession Revenue
10,945.56
Electric Light Revenue
69,782.86
Water Revenue
53,951.06
State and County Aid to Highways Revenue
110,250.00
Excess and Deficiency
536,857.25
Apportioned Sewer Assessments Not Due
20,309.36
Sewer Assessments Due in 1958
3,264.59
Sewer Assessments Due in 1959
3,216.38
Sewer Assessments Due in 1960
3,171.62
Sewer Assessments Due in 1961
2,942.55
Sewer Assessments Due in 1962
1,928.59
Sewer Assessments Due in 1963
1,928.57
Sewer Assessments Due in 1964
1,928.53
Sewer Assessments Due in 1965
1,928.53
Net Bonded Debt, Outside Limit
1,224,000.00
Net Bonded Debt, Inside Limit
957,000.00
School Loans, Inside
777,000.00
Sewer Loans, Inside
92,000.00
Highway Loans, Inside
43,000.00
Off Street Parking Loans, Inside
45,000.00
School Loans, Outside
708,000.00
Water Loans, Outside
276,000.00
Light Loans, Outside
240,000.00
Trust and Investment Funds
1,021,587.96
Cemetery Perpetual Care Fund
101,534.92
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
Municipal Electric Light Deposit Fund
39,400.00
E. Florence Morse Fund
500.00
William T. Whedon Fund
500.00
Harriet W. Lane Fund
800.00
Henry O. Peabody Fund
861,516.09
Post War Rehabilitation Fund
336.95
$6,516,961.34
$6,516,961.34
MUNICIPAL ELECTRIC LIGHT DEPARTMENT Plant Investment Account
Additions
Book Value
Jan. 1, 1957
During Deprecia- Book Value Year tion Dec. 31, 1957
Total Cost
$ 9,636.68
Land
$ 9,636.68
357,100.75
Structures
$257,826.44
$14,580.94
$10,275.59
262,131.79
257,764.11
Transformer Station Equipment
18,627.36
3,758.64
7,620.16
14,765.84
592,608.24 Poles, Fixtures and Conductors
214,903.38
55,919.69
17,000.17
253,822.90
185,269.24
Underground Conduits
71,874.46
63,009.89
3,667.78
131,216.57
353,136.36
Underground Conductors
241,779.63
43,504.84
9,288.95
275,995.52
84,155.82
Consumers Meters
13,603.03
2,524.67
11,078.36
150,611.37
Consumers Meters Installation
84,763.24
9,957.85
4,219.60
90,501.49
161,926.04 Line Transformers
66,669.65
16,282.70
4,369.30
78,583.05
77,550.16
Transformer Installation
50,767.62
4,416.89
2,194.00
52,990.51
136,540.62 Street Lighting Equipment
61,599.13
15,385.41
3,634.66
73,349.88
$2,366,299.39
$1,092,050.62
$226,816.85
$64,794.88 $1,254,072.59
380
TOWN OF NORWOOD
COMPARATIVE BALANCE SHEET STATEMENT
Assets
Dec. 31, 1957
Increase
Decrease
General Equipment
$1,254,072.59 40,147.60
$162,021.97
16,902.33
Current Assets
113,045.61 Special Deposits
42,828.17
$70,217.44
56,608.59
Accounts Receivable
69,782.86
13,174.27
19,250.64
Materials and Supplies
20,960.97
1,710.33
256.14
Prepaid Insurance
256.14
10,821.33
Depreciation Fund
9,699.19
1,122.14
$1,315,278.20
$1,437,747.52
$122,469.32
Liabilities
$ 40,704.63
Consumers Deposits
$42,828.17
$2,123.54
281,808.00
Loans Repayment
370,808.00
89,000.00
379,952.49
Appropriation for Construction Repayment
379,952.49
282,361.24
Profit and Loss Balance
308,201.18
25,839.94
329,000.00
Bonds
240,000.00
$89,000.00
1,451.84
Accrued Interest
/
898.79
553.05
$1,315,278.20
$1,437,747.52
$122,469.32
REPORT OF TOWN ACCOUNTANT
OPERATING REVENUE STATEMENT
Metered Sales to Private Consumers Street Lighting Revenue
$1,023,727.95
$74,081.82
22,949.99
Other Municipal Revenue
17,741.48
$535.00 17,594.95
381
Jan. 1, 1957 Investments $1,092,050.62 Plant Investment 23,245.27
Income Statement
Dec. 31, 1957
Increase
Decrease
Operating Revenue
1,064,419.42
55,951.87
Operating Expense
899,982.13
44,695.20
Net Operating Revenue
164,437.29
11,256.67
Merchandise and Jobbing Revenue
450.01
109.53
Interest Income
1,095.72
120.30
Miscellaneous Non-Operating Income
1,693.80
451.60
Gross Income
167,676.82
10,815.84
Interest on Bonds and Notes
6,617.84
5,427.66
Income Balance Transferred to Profit and Loss
$161,058.98
$5,388.18
PROFIT AND LOSS STATEMENT
Credits
Credit Balance at Beginning of Year
$282,361.24
Credit Balance Transferred from Income Account
161,058.98
$443,420.22
Debits
Deductions from Surplus Balance Profit and Loss Dec. 31, 1957
$135,219.04
308,201.18
$443,420.22
382
TOWN OF NORWOOD
OPERATING EXPENSE
Electric Energy Purchased
$651,658.33
$53,151.38
Operation:
Municipal Street Lamps
4,250.90
2,880.52
Transformer Station Labor
25,796.80
3,197.93
Transmission and Distribution Lines
20,976.73
3,019.50
Inspecting and Testing Meters
190.38
$160.98
Removing and Resetting Meters
2,645.97
2,589.97
Removing and Resetting Transformers
1,300.86
1,090.87
Maintenance:
Transformer Station Structures
1,016.36
484.88
Transformer Station Equipment
5,208.92
184.43
Transmission and Distribution Lines
45,147.49
2,134.36
Underground Conduits
1,069.98
18.83
Underground Conductors
1,126.37
2,436.47
Consumers Meters
1,028.44
728.56
Transformers
344.27
52.79
REPORT OF TOWN ACCOUNTANT
UTILIZATION
Maintenance of Municipal Street Lights
3,788.95
107.63
Maintenance of Consumers Installations
7,284.16
2,097.31
COMMERCIAL
Salaries (Services by Other Departments) Commercial Supplies and Expenses
23,900.00
6,781.34
3,210.93
Advertising
723.13
269.59
383
MISCELLANEOUS
Salary of Superintendent
8,320.00
1,473.09
Other General Department Salaries
393.60
2,764.55
Office Supplies and Expense
4,797.71
3,965.39
General Office Rents
1,800.00
Insurance
1,753.70
930.81
Pensions
2,982.86
1,746.21
Transportation
3,437.60
684.68
Maintenance of General Structures
5,394.77
1,986.09
Depreciation
65,156.84
27,216.77
Miscellaneous General Expenses
1,705.86
523.30
Total Operating Expenses
$899,982.13
$44,695.20
384
TOWN OF NORWOOD
385
REPORT OF TOWN ACCOUNTANT
CEMETERY PERPETUAL CARE BEQUESTS 1957
Total of Bequests to January 1, 1957
$103,691.42
Received during the year 1957:
Lot No. Donor
1691 Rose Corbett
$125.00
1551
Katherine B. O'Brien
150.00
1180
Mary G. Connolly
150.00
1527
Laura M. Ryan
125.00
1017
Sabina R. and Helen Costello
200.00
1818
Nellie Grybas
125.00
1329
James Thornton
150.00
660
Bryan Corbett Estate
125.00
1503
Estate of Massimo Simoni
125.00
1106
Estate of Paul Sansone
200.00
2604
Estate of Elsie M. Trulson
125.00
2445
Elizabeth Galgauskas
125.00
174
Gordon L. Kennedy
200.00
615
Mary C. Flavin
150.00
1289
Nora O'Toole
150.00
1444
James Connors
125.00
2404
Evelyn A. Barnard
125.00
2043
Jessica Northrop
150.00
2738
Mary Torrey
125.00
1690
Jeremiah Corcoran
125.00
1763
Mary F. King
125.00
1757
Stanley Lukawecki
125.00
Single Graves
1909 Witold and Andrew Juskiewicz
$25.00
206
Elmer S. Carlson
25.00
$106,866.42
CONTRIBUTORY RETIREMENT-1957 Membership
Active Membership Dec. 31, 1956:
Group A-Male 136, Female 52
Group B-Male 55
Total 243
Enrolled during 1957:
Group A-Male 6, Female 3
Group B-Male 5 Total 14
Withdrawals, Deaths, Retirements: Group A-Male 14, Female 2 Group B-Male 1. Total 17
Active Membership Dec. 31, 1957 Group A-Male 128, Female 53
Group B-Male 59 Total 240
386
TOWN OF NORWOOD
Pensions
Inactive Membership Dec. 31, 1956:
Group A-Male 21, Female 5 Group B-Male 2
Total 28
Retirements during 1957: Group A-Male 5
Total 5
Deaths during 1957:
Group A-Male 3 Group B-Male 1
Total 4
Inactive Membership Dec. 31, 1957:
Group A-Male 23, Female 5 Group B-Male 1
Total 29
Total Active and Inactive Membership Dec. 31, 1957
Group A-Male 151, Female 58
Group B-Male 60
Total 269
CONTRIBUTORY RETIREMENT-1957
Income
From Members:
Group A
$34,326.26
Group B
14,817.00
$49,143.26
From Town:
Appropriation to Pension Fund
32,890.00
Administration Expense
2,000.00
34,890.00
From Interest:
On Bonds and Stocks
14,580.37
On Deposits in Banks
3,648.91
18,229.28
From Sale of Bonds
5,000.00
$107,262.54
Disbursements
Annuity Payments:
Group A
$4,447.04
Group B
158.30
$4,605.34
Pension Payments:
Group A
38,334.98
Group B
4,164.58
42,499.56
Refunds:
Group A
11,179.29
Group B
210.68
Payments to Beneficiaries
25.76
11,415.73
Investments:
36,523.50
387
REPORT OF TOWN ACCOUNTANT
Administration Expense:
Personal Services
1,423.28
Printing, Stationery, Postage
115.78
Medical Fees
110.00
New Equipment
77.00
Travel, Members Association Expense
408.68
2,134.74
$97,178.87
Assets
Bonds and Stocks at Book Value
$264,660.68
Cooperative Shares at Book Value
182,000.00
Deposits in Banks NOT at Interest
22,140.77
Deposits in Banks AT Interest
114,045.00
Interest Due and Accrues Dec. 31, 1957
1,697.27
$584,543.72
Liabilities
Annuity Savings Fund
$409,525.82
Annuity Reserve Fund
54,770.04
Special Fund for Military Service Credit
4,184.01
Pension Fund
112,234.02
Expense Fund
3,829.83
$584,543.72
The Honorable Board of Selectmen:
Gentlemen:
The foregoing is submitted as the report of the Town Clerk and Account- ant for the year ending December 31, 1957, 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 as shown in the following schedule:
TRUST FUND SECURITIES December 31, 1957
Interest Dates
Post War Rehabilitation Fund
Union Savings Bank 5269 A & O 20 $336.95
388
TOWN OF NORWOOD
Interest Dates
High School English Prize Fund
Union Savings Bank 5140 A & O 20 500.00
E. Florence Morse Library Fund
Union Savings Bank 4527 A & O 20 ยท 500.00
Anna M. Day Fund
Union Savings Bank 5268
A & O 20
5,000.00
William T. Whedon Fund
Union Savings Bank 4428
A & O 20
500.00
Electric Service Deposit Fund
U. S. Bonds Series G:
M6 202 563, M6 201 985, March 1960
M & S1
2,000.00
M7 345 567, 568, December 1961 J & D 1
2,000.00
M7 780 318, 319, October 1962
A & 0 1
2,000.00
Union Savings Bank 1719
A & O 20
20,000.00
Dedham Inst. for Savings 98787
M & N 1
13,400.00
39,400.00
Warren H. Cudworth Fund
Dedham Inst. for Savings 62375
M & N1
500.00
Alice H. Plimpton Fund
Union Savings Bank 3682
A & O 20
11,000.00
Harriet W. Lane Fund
800.00
Cemetery Perpetual Care Fund
Co-op. Bank Paid Up Shares:
10 Forest Hills 614
FMA & N1
2,000.00
10 Hyde Park 1776
MJS & D1
2,000.00
U. S. Bonds Series G:
M5 056 763, 764, 765, Nov. 1958
M & N 1
3,000.00
C4 447, 665, 666, 667, Nov. 1958
M & N1
300.00
M5 637 759, 760, July 1959 J & J 1
2,000.00
M6 666 005, 006, 007, Nov. 1960
M & N1
3,000.00
M7 345 569, 570, Dec. 1961
J & D 1
2,000.00
D3 267 504, Dec. 1961
J & D 1
500.00
C5 733 699, 700, 701, Dec. 1961
J & D 1
300.00
M7 780 316, 317, Oct. 1962
A & 0 1
2,000.00
Union Savings Bank of Boston 5372
.. A & O 20
1
389
REPORT OF TOWN ACCOUNTANT
Interest Dates
Savings Bank Accounts:
Dedham Inst. for Savings 70351
A & O 20
14,793.00
Wildey Savings Bank 169733
M & N 25
6,500.00
Brookline Savings Bank 105782
J & J 20
1,450.00
Charlestown Savings Bank 227562
A & O 15
11,000.00
Boston 5c Savings Bank 1147096
A & O 15
10,000.00
Franklin Savings Bank 199149
A & O 20
10,000.00
Boston Penny Savings Bank 235356
A & 0 12
4,616.92
Union Savings Bank 1718
A & O 20
14,875.00
Natick 5c Savings Bank 73059
M & N1
11,200.00
$101,534.92
RETIREMENT FUND SECURITIES December 31, 1957
Bank Stocks
100 First Nat. Bank of Boston 236748 J & J 1
$4,912.50
50 First Nat. Bank of Boston 238466 J & J 1
2,537.50
100 First Nat. Bank of Boston 242340 J & J 1
4,815.35
7 First Nat. Bank of Boston 302272 J & J 1
357.00
11 First Nat. Bank of Boston 306045 J & J 1
561.00
100 Chase Manhattan Bank 57611 FM A & N 15
3,000.00
10 Chase Manhattan Bank 061771
F M A & N 15
310.00
10 Chase Manhattan Bank 0166500 F M A & N 15
470.00
200 Irving Trust Co. 109983, 984 JAJ& 01
3,925.00
100 Nat. City Bank of New York C189343 FMA &N1
4,500.00
4 Nat. City Bank of New York C0440436 FMA &N1
196.50
33 Nat. City Bank of New York C0516069 FMA & N1
1,732.50
27 Nat. City Bank of New York F35068 FMA &N1
1620.00
100 Chemical Corn Exchange Bank 67732 JAJ& 01
4,550.00
10 Chemical Corn Exchange Bank F14762 JAJ& 01
467.50
11 Chemical Corn Exchange Bank 042035 JAJ& 01
15 Chemical Corn Exchange Bank 062756 JAJ& 01
660.00
27 Chemical Corn Exchange Bank 087704 JAJ& 01
1,228.50
100 First Nat. Bank of Los Angeles 33182 FM A & N 10
5,200.00
$41,043.35
Co-operative Bank Paid Up Shares
100 Merrimac Co-op. 1358
FMA&N1
$2,000.00
10 Norwood Co-op. 233 JAJ& 01
2,000.00
50 Norwood Co-op. 3159 JAJ& 01
10,000.00
20 Norwood Co-op. 6440 JAJ & 01
4,000.00
10 Hyannis Co-op. 1209
JAJ & O18
2,000.00
20 Hyannis Co-op. 3350
JA J & O18
4,000.00
30 Hyannis Co-op. 3925
JAJ & O18
6,000.00
390
TOWN OF NORWOOD
Interest Dates
20 Hyannis Co-op. 5200
JA J & O 18
4,000.00
20 Sandwich Co-op. 2903
FM A & N 15
4,000.00
40 Lincoln Co-op. 2879
FMA &N1
8,000.00
40 Lincoln Co-op. 5051
FMA & N1
8,000.00
30 Walpole Co-op. 1279
M JS & D 15
6,000.00
20 Walpole Co-op. 1720
M JS & D 15
4,000.00
20 Middleborough Co-op. 6020
F MA & N 15
4,000.00
40 Middleborough Co-op. 8702
F M A & N 15
8,000.00
10 Mattapan Co-op. 5733
M JS & D 15
2,000.00
40 Needham Co-op. 5117
M & N 10
8,000.00
40 Needham Co-op. 7337
M & N 10
8,000.00
40 Stoneham Co-op. A1467
M & N 10
8,000.00
10 Stoneham Co-op. 2589
M & N 10
2,000.00
40 Framingham Co-op. 6565
FMA & N1
8,000.00
5 Marblehead Co-op. 142
M & N 10
1,000.00
25 Marblehead Co-op. 637
M & N 10
5,000.00
20 Orange Co-op. P565
J & J 25
4,000.00
20 Sharon Co-op. 1501
FM A &N 20
4,000.00
40 Concord Co-op. 3624
MJS & D1
8,000.00
40 Concord Co-op. 3639
MJS &D1
8,000.00
40 Arlington Co-op. 4016
F M A & N 10
8,000.00
40 Newton Co-op. 5892
MJS &D1
8,000.00
40 Saugus Co-op. 1086
M & N 15
8,000.00
80 Westfield Co-op. 5413 J & D 15
16,000.00
$182,000.00
Savings Bank Accounts:
Dedham Inst. for Savings 7229
M & N 1
$20,000.00
East Boston Savings Bank 120970
J & J 15
1,005.00
Danvers Savings Bank 6994
A & 01
10,000.00
Natick Five Cents Savings Bank 59334
M & N1
6,000.00
Newton Savings Bank 85338 J & J 10
1,000.00
Weymouth Savings Bank 48399
M & S 15
2,000.00
Bass River Savings Bank 17170
A & O 10
10,000.00
Williamstown Savings Bank 21923
A & 0 1
5,000.00
Uxbridge Savings Bank 34490
J & J 1
5,000.00
Inst. for Savs. in Newburyport 98660
A & O 25
5,000.00
Abington Savings Bank 39371
A & O 5
2,000.00
Provident Inst. for Savings 57349
A & O 25
5,000.00
Worcester County Inst. for Savs. 433109
J & J 1
5,000.00
Union Savings Bank 3681
A & O 20
23,040.00
Southbridge Savings Bank 61178
J & J 1
3,000.00
Ware Savings Bank 83111
J & J 1
10,000.00
Millbury Savings Bank 17273
J & J 15
1,000.00
$114,045.00
39]
REPORT OF TOWN ACCOUNTANT
Interest Dates
U. S. Savings Bonds Series G:
X790 674, 675, June 1959
J & D 1
$20,000.00
V892 544, 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
$55,000.00
Bonds:
Westchester Light Co. 31/2 1967 8017-18 J & J 1
$2,000.00
Atchison, Topeka & Santa Fe 4 1995 RB3166 A & 0 1
5,000.00
N.Y. Central & Hudson River 312 1997 X7 509 .. J & J 1 M8 800, 1, 2, 3, 4, M9 463, 4, 5
10,000.00
8,000.00
Northern Pacific Prior Lien 4 1997 Reg. 9654 .. JA J & O 1
10,000.00
Reading Co 31/8 1995 63393-407 incl. M & N 1
15,000.00
Nashville, Chattanooga & St. Louis 3 1986 13594-13603 incl. F & A 1
10,000.00
Am. Tel. & Tel. Co. 234 1980 RX 234
F & A 1
10,000.00
Am. Tel. & Tel. Co. 234 1980 RV 41
F & A 1
5,000.00
Am. Tel. & Tel. Co. 25% 1986 RX 110
J & J 1
10,000.00
Am. Tel. & Tel. Co. 25% 1986 RV 30
J & J 1
5,000.00
Am. Tel. & Tel. Co. 27/8 1987 4-562, 4-563, 41- 742, 42086, 48408 J & D 1
5,000.00
New Eng. Tel & Tel Co. 3 1974 27852-856 incl. .. M & S 15 Naragansett Elect. Co. 3 1974 21391-395 incl. M & S1
5,000.00
5,000.00
Montana Power Co. 27/8 1975 2707-11 incl. A & 0 1
5,000 00
Ohio Power Co. 3 1978 29256-260 incl. A & 01
5,000.00
Consolidated Edison of N.Y. 35% 1986 23878-882 M & N1
5,000.00
California Elect. Power Co. 412 1986 M 1793, 94, 95, 96, 97 A & 0 1
5,000.00
Cincinatti Gas & Elect. Co. 41/8 1987 M 17364, 365, M 9098 to 9105 incl. M & N 1
10,000.00
General Elect. Co. 41/8 1976 216501 to 510 incl. .. J & D 1
10,000.00
Commonwealth Edison Co. 312 1986 M16109 to 118 incl. J & D 1
10,000.00
New York Tel & Tel Co. 412 1991 34-506 to 34-510 incl. M & N 15
5,000.00
$160,000.00
$552,088.35
Norfolk, ss.
Then personally appeared the above named Bartley W. Connolly and made oath that the foregoing statement is true.
RAYMOND T. HALLORAN
My commission expires February 7, 1964.
Notary Public .
392
TOWN OF NORWOOD
REPORT OF STATE AUDIT
THE COMMONWEALTH OF MASSACHUSETTS Department of Corporations and Taxation Bureau of Accounts
September 20, 1957
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 November 13, 1955 to March 31, 1957, made in accordance with the provisions of Chpater 44, General Laws. This is in the form of a report made to me by Mr. William Schwartz, As- sistant Director of Accounts.
Very truly yours,
HERMAN B. DINE Director of Accounts
HBD:EG/BAB
Mr. Herman B. Dine 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 November 13, 1955, the date of the previous examination, to March 31, 1957, and submit the follow- ing 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 office of the town accountant were ex- amined and checked in detail. The general and appropriation ledgers were analyzed and proved, the recorded receipts were compared with the town treasurer's books and with the records of the several departments collecting money for the town, while the recorded disbursements were checked with the treasurer's cash book and with the Selectmen's warrants.
The appropriations, loan authorizations, and transfers were checked with the town clerk's records of town meetings and with the finance committee's approvals of transfers from the reserve fund. After the necessary adjusting entries resulting from the audit were made, a balance sheet, showing the
393
REPORT OF STATE AUDIT
financial condition of the town on March 31, 1957, was prepared and is ap- pended to this report.
The books and accounts of the town treasurer were examined and checked. The recorded receipts were checked with the town accountant's books, with the records of the several departments collecting money for the town, and with other sources from which money was paid into the town treasury, while the payments were checked with the accountant's ledgers and with the warrants authorizing the treasurer to disburse town funds. The cash balance on March 31, 1957 was proved by actual count of the cash in the office, by list- ing memoranda in lieu of cash, and be reconciliation of the bank balances with statements furnished by the banks of deposit.
The payments on account of maturing debt and interest were checked with the amounts falling due and with the cancelled securities and coupons on file.
The records of employees' payroll deductions on account of Federal taxes and for the purchase of savings bonds were examined and reconciled with the respective ledger accounts.
The securities and savings bank books representing the investments of the several trust, investment, and retirement funds in the custody of the town treasurer were examined and checked. The investments were 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 system funds, with the records of the contributory retirement board.
The records of tax titles and tax possessions held by the town were examined and checked in detail. The taxes and assessments transferred to the tax title account were checked with the collector's books, the abatements and foreclosures were verified, and the redemptions and sales were checked with the treasurer's cash book. The tax titles and tax possessions on hand March 31, 1957 were listed and reconciled with the town accountant's ledger controls, and were further checked with the records at the Registry of Deeds.
The transactions of the Henry O. Peabody School for Girls Fund, in the custody of the trustees, were examined and checked. The investments were personally examined and listed, the income and mortgage principal payments were proved, and the payments made by the treasurer of the fund were checked with the approved vouchers on file. The amounts transferred to the town were verified by comparison with the town treasurer's books, and the cash balance on March 31, 1957 was reconciled with a statement furnished by the bank of deposit.
The books and accounts of the Veterans' Housing Committee were examined and checked. The receipts for rentals paid to the town treasurer were verified, and the payments by the town treasurer on account of the Veterans' Housing Committee were compared with the approved warrants on file.
The books and accounts of the town collector were examined and checked in detail. The taxes, motor vehicle and trailer excise, and assessments out- standing according to the previous examination, as well as all subsequent
394
TOWN OF NORWOOD
commitment lists, were audited and compared with the assessors' warrants issued for their collection. The recorded receipts were compared with the payments to the treasurer as shown by the treasurer's and the town account- ant's books, the abatements were checked with the assessors' records of abatements granted, the taxes transferred to the tax title account were proved with the treasurer's record of tax titles held by the town, and the outstanding accounts were listed and reconciled with the town accountant's ledger controls.
The commitments of departmental, electric light, and water accounts receivable were examined and checked. The recorded collections were com- pared with the payments to the treasurer, the abatements and discounts were proved with the records in the departments authorized to grant them, and the outstanding accounts were listed and reconciled with the controlling ledger accounts.
Verification of the outstanding tax, motor vehicle and trailer excise, de- partmental, electric light, and water accounts was made 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 records of apportioned sewer assessments not due were examined. The payments to the treasurer in advance were checked with the treasurer's re- corded receipts, the amounts due and added to taxes were verified, and the apportionments due in future years wer listed and reconciled with the town accountant's ledger.
The records of guarantee deposits for sewer, municipal light, and water services were examined and checked. The deposits were listed, the refunds and transfers to accounts receivable were verified, and the deposits on hand were reconciled with the controlling accounts in the town accountant's ledger.
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