Norwood annual report 1957-1959, Part 30

Author: Norwood (Mass.)
Publication date: 1957
Publisher: The Town
Number of Pages: 1194


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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