Norwood annual report 1957-1959, Part 80

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


USA > Massachusetts > Norfolk County > Norwood > Norwood annual report 1957-1959 > Part 80


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).


Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33 | Part 34 | Part 35 | Part 36 | Part 37 | Part 38 | Part 39 | Part 40 | Part 41 | Part 42 | Part 43 | Part 44 | Part 45 | Part 46 | Part 47 | Part 48 | Part 49 | Part 50 | Part 51 | Part 52 | Part 53 | Part 54 | Part 55 | Part 56 | Part 57 | Part 58 | Part 59 | Part 60 | Part 61 | Part 62 | Part 63 | Part 64 | Part 65 | Part 66 | Part 67 | Part 68 | Part 69 | Part 70 | Part 71 | Part 72 | Part 73 | Part 74 | Part 75 | Part 76 | Part 77 | Part 78 | Part 79 | Part 80


Total Cost


Book Value Jan. 1, 1959


Additions During Year


Depreciation


Book Value Dec. 31, 1959


$ 9,636.68 Land


9,636.68


0


0


9,636.68


372,857.43


Structures


261,048.80


6,126.65


11,001.92


256,173.53


375,748.10


Transformer Station Equipment


87,504.41


37,512.50


10,147.07


114,869.84


631,063.20


Poles, Fixtures and Conductors


252,331.09


26,865.38


18,125.94


261,070.53


193,081.93


Underground Conduits


127,106.27


6,364.91


5,601.51


127,869.67


474,527.22


Underground Conductors


279,760.12


107,066.48


11,023.82


375,802.78


85,752.62


Consumers' Meters


8,553.69


1,596.80


2,524.68


7,625.81


166,979.35 Consumers' Meters Installations


96,243.38


6,107.75


4,826.15


97,524.98


239,385.09


Line Transformers


134,617.28


16,567.04


6,684.54


144,499.78


101,149.54


Transformer Installation


68,592.65


5,670.74


2,864.36


71,399.03


160,332.13


Street Lighting Equipment


81,279.47


11,765.70


4,456.99


88,588.18


$2,810,513.29


$1,406,673.84


$225,643.95


$77,256.98


$1,555,060.81


REPORT OF TOWN ACCOUNTANT


319


320


COMPARATIVE BALANCE SHEET


Assets


Jan. 1, 1959


Investments


Dec. 31, 1959


Increase


Decrease


$1,406,673.84


Plant Investments


42,767.90


General Equipment


$1,555,060.81 42,987.86


$148,386.97 219.96


Current Assets


48,306.96


Special Deposits


55,782.42


7,475.46


92,816.29


Accounts Receivable


109,982.41


17,166.12


7,371.98


Materials and Supplies


16,238.04


8,866.06


256.14


Prepaid Insurance


256.14


0


25,153.56


Depreciation Fund


21,987.62


3,165.94


$1,623,346.67


$1,802,295.30


$178,948.63


Liabilities


121,504.83


Appropriation for Construction


180,417.66


58,912.83


48,306.96


Consumers Deposits


55,782.42


7,475.46


409,808.00


Loans Repayment


453,808.00


44,000.00


472,177.40


Appropriation for Construction Repayment


585,327.90


113,150.50


319,293.75


Profit and Loss Balance


318,893.95


251,000.00


Bonds


207,000.00


1,255.73


Interest Accrued


1,065.37


$1,623,346.67


$1,802,295.30


$178,948.63


399.80 44,000.00 190.36


TOWN OF NORWOOD


REPORT OF TOWN ACCOUNTANT


321


OPERATING REVENUE STATEMENT


Dec. 31, 1959


Increase Decrease


Metered Sales to Private Consumers


$1,169,549.25


$77,769.21


Street Lighting Revenue


28,685.21


1,851.16


Other Municipal Revenue


24,005.48


4,814.96


Income Statement


Operating Revenue


1,222,239.94


78,435.33


Operating Expense


1,067,123.79


66,457.06


Net Operating Revenue


155,116.15


11,978.27


Merchandise and Jobbing Revenue


4,248.43


4,048.75


Interest Income


1,362.26


143.01


Miscellaneous Non-Operating Income


2,093.91


1,625.05


Gross Income


162,820.75


14,544.98


Interest Paid


6,070.05


111.76


Income Balance Transferred to


Profit and Loss


$ 156,750.70


$14,433.22


PROFIT AND LOSS STATEMENT


Dec. 31, 1959


Increase Decrease


Credits


Credit Balance at Beginning of Year ..


$ 319,293.75


Credit Balance Transferred from In-


come Account


156,750.70


$ 476,044.45


Debits


Deduction from Surplus


157,150.50


Balance Profit and Loss December 31,


318,893.95


1959


$ 476,044.45


7


322


TOWN OF NORWOOD


OPERATING EXPENSE


Electric Energy Purchased


Dec. 31, 1959 753,854.56


Increase


48,553.10


Operation :


Municipal Street Lamps


5,990.07


1,226.17


Transformer Station Labor


25,943.29


657.04


Transmission and Distribution Lines


22,412.04


278.65


Inspecting and Testing Meters


1,515.74


581.78


Removing and Resetting Meters


1,804.38


876.72


Removing and Resetting Transformers


6,781.42


Maintenance:


Transformer Station Structures


6,452.96


5,096.31


Transformer Station Equipment


6,304.25


4,113.19


Transmission and Distribution Lines


55,108.93


4,476.69


Underground Conduits


1,919.89


1,085.83


Underground Conductors


1,593.28


1,088.52


Consumers Meters


2,386.43


582.65


Transformers


1,446.05


1,054.90


Overhead Structures


1,953.31


1,953.31


UTILIZATION


Maintenance of Municipal St. Lights


6,590.08


953.68


Maintenance of Consumers Installations


3,781.98


549.26


COMMERCIAL


Salaries (Services by Other Depts. )


$ 38,730.97


$ 5,344.16


Commercial Supplies and Expenses


8,338.10


714.06


Advertising


1,056.59


551.70


MISCELLANEOUS


Salary of Superintendent


10,090.08


917.28


Other General Department Salaries


2,291.13


2,252.44


Office Supplies and Expense


9,192.22


8.83


General Office Rents


2,000.00


0


Insurance


1,377.68


50.76


Pensions


2,059.73


40.27


Transportation


6,210.15


2,142.37


Maintenance of General Structures


5,566.48


763.00


Depreciation


79,168.36


6,689.09


Miscellaneous General Expenses


1,985.06


2,621.46


Total Operating Expenses


$1,067,123.79


$66,457.06


Decrease


323


REPORT OF TOWN ACCOUNTANT


CEMETERY PERPETUAL CARE BEQUESTS - 1959


Total of Bequests to January 1, 1959


$ 108,441.42


Received during the year 1959:


Lot No. Donor


1688 Helen Stadalnick and Mary Aidukonis


125.00


1636


Estate of Mary Frank 125.00


2386


Robert H. and Helen M. Steele 125.00


539 Mary W. Shyne


150.00


1049 Edmund F. Sullivan


150.00


747


Mary Flaherty


125.00


1584


Peter and Edward Farioli


125.00


613


John J. Donovan


150.00


676


Abbie V. Murphy


200.00


2749


Nicholas Connolly


125.00


2451


Nader Kalliel


125.00


244


Eleanor J. Morse


150.00


1038


Estate of Rev. Clement M. Frazier


150.00


1058


Gerard L. Hawkins


200.00


517


Michael J. Hawkins


200.00


1806


James L. Coughlin


125.00


1511


Agnes G. Thompson


125.00


2455


Dora E. Johnson


125.00


1308


Mary L. Logue


150.00


1019


Agnes Mullane


150.00


2065


Salvatore Frangiosa


150.00


Single Graves


1949


Estate of Frank Armukevich


$ 25.00


34141


Elizabeth Brazdziunas


50.00


527


528


529


Charles F. Shedd


75.00


3425 7


Ruth O'Connor


50.00


3426 (


1174C}


John Frucci


50.00


1174D


1279


John Frucci


25.00


$ 111,766.42


CONTRIBUTORY RETIREMENT - 1959 Membership


Active Membership Dec. 31, 1958: Group A - Male 123, Female 57 Group B-Male 73 Total 253


3415


324


TOWN OF NORWOOD


Enrolled during 1959:


Group A - Male 10, Female 9


Group B- Male 2


Total


21


Withdrawals, Deaths, Retirements:


Group A - Male 6, Female 4 Group B- Male 2


Total


12


Active Membership Dec. 31, 1959


Group A -Male 127, Female 62


Group B-Male 73 Total 262


Pensions


Inactive Membership Dec. 31, 1958:


Group A -Male 21, Female 6


Group B-Male 3


Total 30


Retirements during 1959


Group A - Male 2


Group B- Male 1


Total 3


Deaths during 1959


Group A -Male 1, Female 1


Group B- Male 1


Total


3


Inactive Membership Dec. 31, 1959


Group A-Male 22, Female 5 Group B-Male 3


Total 30


Total Active and Inactive Membership on Dec. 31, 1959


Group A -Male 149, Female 67


Group B-Male 76


Total 292


Beneficiaries on Dec. 31, 1959


Total 8


CONTRIBUTORY RETIREMENT - 1959


Income


From Members:


Group A


$ 38,929.07


Group B


20,807.82


$ 59,736.89


From Town:


Appropriation to Pension Fund


45,318.00


Administration Expense


2,000.00


47,318.00


From Interest:


On Bonds and Stocks


18,463.60


On Deposits in Banks


3,649.12


22,112.72


From Sale of Investments


85,629.84


$ 214,797.15


325


REPORT OF TOWN ACCOUNTANT


Disbursements


Annuity Payments


Group A


Group B


$ 5,127.77 308.60 $ 5,436.37


Pension Payments


Group A


47,806.73


Group B


9,835.65


57,642.38


Refunds


Group A


17,897.01


Group B


278.11


Payments to Beneficiaries


4,441.23


22,616.35


Investments


131,329.34


Administration Expense:


Personal Services


1,737.07


Printing, Postage, Stationery


37.82


Medical Fees


110.00


Travel, Members Association Expense


423.99


2,308.88


$ 219,333.32


Assets


Bonds At Book Value


$ 380,594.54


Cooperative Shares at Book Value


182,000.00


Deposits in Banks NOT at Interest


10,258.48


Deposits in Banks AT Interest


104,045.00


Interest Due and Accrued Dec. 31, 1959


3,493.23


$ 680,391.25


Liabilities


Annuity Savings Fund


$ 493,599.27


Annuity Reserve Fund


57,601.10


Special Fund for Military Credit


4,438.81


Pension Fund


121,697.71


Expense Fund


3,054.36


$ 680,391.25


TRUST FUND SECURITIES


January 19, 1960


Post War Rehabilitation Fund


Union Savings Bank No. 5269 A & O 20 $ 336.95


High School English Prize Fund


Union Savings Bank No. 5140


A & O 20


500.00


1


326


TOWN OF NORWOOD


E. Florence Morse Library Fund


Union Savings Bank No. 4527 A & O 20 500.00


Anna M. Day Fund


Union Savings Bank No. 5268 A & O 20


5,000.00


William T. Whedon Fund


Union Savings Bank No. 4428


A & O 20


500.00


Electric Service Deposit Fund


U. S. Bonds Series G:


M 6 202 563, M 6 201 985, Mar. 1960


M & S 1


2,000.00


M 7 345 567, 568, Dec. 1961


J& D 1


2,000.00


M 7 780 318, 319, Oct. 1962


A &O1


2,000.00


Union Savings Bank, No. 1719


A & O 20


20,000.00


Dedham Inst. for Savings, No. 98787


M & N 1


16,400.00


U. S. Bonds Series H:


M 3 955 158H, Dec. 1970


J &D 1


1,000.00


M 7 035, 582H, 583H


J & D 1


2,000.00


Warren H. Cudworth Fund


Dedham Inst. for Savings No. 62375


M & N 1


500.00


Union Savings Bank No. 3682


A & O 20


11,000.00


Harriet W. Lane Fund


Union Savings Bank of Boston No. 5372


A & O 20


800.00


Cemetery Perpetual Care Fund


Co-op. Bank Paid Up Shares:


10 Forest Hills No. 614


FMA &N1


2,000.00


10 Hyde Park No. 1776


MJS &D1


2,000.00


U. S. Bonds Series G:


M 5 637 759, 760, July 1959


J & J 1


2,000.00


M 6 666 005, 006, 007, Nov. 1960


M & N 1


3,000.00


M 7 345 569, 570, Dec. 1961


J & D 1


2,000.00


D 3 267 504, Dec. 1961


J & D 1


500.00


C 5 733 699, 700, 701, Dec. 1961


J & D 1


300.00


M 7 780 316, 317, Oct. 1962


A &O1


2,000.00


U. S. Bonds Series H:


M7035584H-585H-595H, Dec. 1969


J & D 1


3,000.00


Savings Bank Accounts


Dedham Inst. for Savings No. 70351


M & N1


16,293.00


Wildey Savings Bank No. 169733


M & N 25


6,500.00


Brookline Savings Bank No. 105782


J & J 20


1,450.00


Charlestown Savings Bank No. 227562


A & O 15


11,000.00


Boston 5ยข Savings Bank No. 1147096


A & O 15


10,000.00


Franklin Savings Bank No. 199149


A & O 20


10,000.00


Alice H. Plimpton Fund


327


REPORT OF TOWN ACCOUNTANT


Boston Penny Savings Bank No. 235356


A & O 12


4,616.92


Union Savings Bank No. 1718


A & O 20


14,875.00


Natick Five Cents Savs. Bank No. 73059


M & N 1


14,500.00


Stabilization Fund


Union Savings Bank No. 10338


A & O 20


15,000.00


Dedham Inst. for Savings No. 108014


M & N 1


15,000.00


Weymouth Savings Bank No. 53890


M & S


10,000.00


Newton Savings Bank No. 115047


J& J 10


10,000.00


RETIREMENT FUND SECURITIES January 19, 1960


Co-operative Bank Paid Up Shares


10 Merrimac Co-op. No. 1358


FMA&N1 $ 2,000.00


10 Norwood Co-op. No. 233


JAJ&O1


2,000.00


50 Norwood Co-op. No. 3159 JAJ&O1


10,000.00


20 Norwood Co-op. No. 6440


JAJ&O1


4,000.00


10 Hyannis Co-op. No. 1209


JAJ&O18


2,000.00


20 Hyannis Co-op. No. 3350


JAJ&O18 4,000.00


30 Hyannis Co-op. No. 3925


JAJ&O18


6,000.00


20 Hyannis Co-op. No. 5200


JAJ &O18


4,000.00


20 Sandwich Co-op. No. 2903


FMA&N15


4,000.00


40 Lincoln Co-op. No. 2879


FMA &N1


8,000.00


40 Lincoln Co-op. No. 5051


FMA&N1


8,000.00


30 Walpole Co-op. No. 1279


MJS &D 15


6,000.00


20 Walpole Co-op. No. 1720


MJS&D 15


4,000.00


20 Middleborough Co-op. No. 6020


FMA &N15


4,000.00


40 Middleborough Co-op. No. 8702


FMA &N 15


8,000.00


10 Mattapan Co-op. No. 5733


MJS&D 15


2,000.00


40 Needham Co-op. No. 5117


M & N 10


8,000.00


40 Needham Co-op. No. 7337


M & N 10


8,000.00


40 Stoneham Co-op. No. A1467


M & N 10


8,000.00


10 Stoneham Co-op. No. 2589


M & N 10


2,000.00


40 Framingham Co-op. No. 6565


FMA &N1


8,000.00


5 Marblehead Co-op. No. 142


M & N 10


1,000.00


25 Marblehead Co-op. No. 637


M & N 10


5,000.00


20 Orange Co-op. No. P565


J & J 25


4,000.00


20 Sharon Co-op. No. 1501


FM A &N 20


4,000.00


40 Concord Co-op. No. 3624


MJS&D1


8,000.00


40 Concord Co-op. No. 3639


MJS&D1


8,000.00


40 Arlington Co-op. No. 4016


FMA &N 10


8,000.00


40 Newton Co-op. No. 5892


MJS &D1


8,000.00


40 Saugus Co-op. No. 1086


M & N 15


8,000.00


80 Westfield Co-op. No. 5413


J & D 15


16,000.00


$182,000.00


328


TOWN OF NORWOOD


Savings Bank Accounts


Dedham Inst. for Savings No. 72229


M & N 1


$ 20,000.00 10,000.00


Danvers Savings Bank No. 6994


A & O1


6,000.00


Newton Savings Bank No. 85338


J & J 10


1,000.00


Weymouth Savings Bank No. 48399 M & S 15


2,000.00


Bass River Savings Bank No. 17170


A & O 10


10,000.00


Williamstown Savings Bank No. 21923


A &O1


5,000.00


Uxbridge Savings Bank No. 34490


J & J 1


5,000.00


Inst. for Savings in Newburyport No. 98660


A & O 25


5,000.00


Abington Savings Bank No. 39371


A & O5


2,000.00


Union Savings Bank No. 3681


A & O 20


28,045.00


Ware Savings Bank No. 83111


J& J 1


10,000.00


$104,045.00


U. S. Savings Bonds Series G


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


$ 35,000.00


U. S. Bonds Series H, July 1968


J&J1


5,000.00


Bonds


Westchester Lighting Co. 31/2 1967 8017-18


J& J 1


2,000.00


Atchison, Topeka & Santa Fe 4 1995 RB3166


A & O1


5,000.00


N. Y. Central & Hudson River 31/2 1997 X7 509 J & J 1 M8 800, 1, 2, 3, 4, M9 463, 4, 5


8,000.00


Northern Pacific Prior Lien 4 1997 Reg. 9654


J&J&O1


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. 23/4 1980 Rx 234


F&A1


10,000.00


Am. Tel. & Tel. Co. 23/4 1980 RV 41


F & A 1


5,000.00


Am. Tel. & Tel. Co. 25/8 1986 RX 110


J & J 1


10,000.00


Am. Tel. & Tel. Co. 25/8 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 &D1


5,000.00


New Eng. Tel. & Tel. Co. 3 1974 27852-856 incl.


M & S 15


5,000.00


Narragansett Electric Co. 3 1974 21391-395 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.


A & O1


5,000.00


Consolidated Edison of N. Y. 35/8 1986 23878-882


M & N 1


5,000.00


California Electric Power Co. 41/2 1986 M 1793, 94, 95, 96, 97


A & O1


5,000.00


Cincinnati Gas & Electric Co. 41/8 1987


M 17364, 365, M 9098 to 9105 incl.


M & N1


10,000.00


Natick Five Cents Savs. Bank No. 59334


M & N 1


10,000.00


329


REPORT OF TOWN ACCOUNTANT


General Electric Co. 31/2 1976 216501 to 510 incl.


M &N 1


10,000.00


Commonwealth Edison Co. 31/2 1986 M16109 to 118 incl.


J & D 1


10,000.00


New York Tel. & Tel. Co. 41/2 1991 34-506 to 34-510 incl.


M & N 15


5,000.00


New York Tel. Co. 41/2 Series J 1991 61-391 to 395, 61-696 to 700


M & N 1


10,000.00


Chesapeake & Potomac Tel. Co. 41/8 1993


17073 to 17082


J & D 1


10,000.00


Delaware Power & Light Co. 37/8 1988 M3341 to 3345


J &D 1


5,000.00


Duquesne Light Co. 33/4 1988 M7564 to 7568 Bell Tel. Co. of Penna. 33/4 1989 20680 to 20689


A &O1


5,000.00


F &A1


10,000.00


New York Tel. Co. 41/8 1993 48500 to 48509 J & J 1


10,000.00


$210,000.00


Purchased March 10, 1959


U. S. Treasury Notes Feb. 1962 No. 16835, 836


F & A 1


20,000.00


Mountain States Tel. & Tel. Co. 43/8 1988 6-925 to 6-934


F & A 1


10,000.00


Philadelphia Elect. Co. 43/8 1986 6893-6902


J& D 1


10,000.00


Central Illinois Pub. Serv. Co. 43/4 1989 10044-10050 & 4702-4704


J & J 1


10,000.00


Bell Tel. Co. of Penna. 33/4 1989 M47879-M47888


F & A 1


10.000.00


Purchased April 15, 1959


Southern Calif. Edison Co. 41/4 1987 17883-17887


F & A 15


$ 5,000.00


Commonwealth Edison Co. 41/4 1987 M44061 to M44065


M & S1


5,000.00


Purchased May 5, 1959


Illinois Bell Tel. Co. 43/8 1994 47690-47699 M & A 1


10,000.00


J & D 1


5,000.00


Consolidated Edison 4 1988 24111-24115 ... Wisconsin Tel. Co. 41/2 1992 16-469 to 472 16-443, 444, 8-976 to 979 J& J 1


10,000.00


10 Cleveland Elect. Illuminating Co. 43/8 1994 M8656-8660, M20120, M20111-20114 A &O1


10,000.00


Purchased Sept. 22, 1959


10 Pacific Gas & Elec. Co. Series EE 1991


J&D1


10,000.00


Purchased Dec. 9, 1959


Amer. Tel. & Tel. 53/8 Bonds due 1986 135-759, 135-769 incl. .. M & N


10,000.00


Total


$125,000.00


1


330


TOWN OF NORWOOD


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, 1959, 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 maturitites and debt, the balance sheet show- ing the assets and liabilities at the close of the fiscal year.


BARTLEY W. CONNOLLY Town Clerk and Accountant


331


INDEX


GENERAL


Page


Jury List


131


Officials, Appointed


4


Officials, Elected


3


Town Meeting Records


9


EXECUTIVE REPORTS


Animals, Inspector of


189


Airport Commission


187


Appeals, Board of


171


Assessors, Board of


148


Building Inspector


156


Cemetery Department


170


Civil Defense


179


Clerk, Town


Records of Town Meetings and Elections 9


Vital Statistics - Births


63


Marriages


102


Deaths


116


Counsel, Town


140


Dog Officer


145


Engineering Department


183


Finance Commission


194


Fire Department


146


Fish and Game Warden


165


General Manager


181


Health, Board of


174


Industrial Development Committee


141


Library, Morrill Memorial


202 190


Norwood Housing Authority


166


Norwood Public Schools


213


Old Age Assistance


154


Planning Board


168


Police Department


142


Public Works Department


195


Purchases, Clerk of


188


Recreation Department


157


Light Department, Municipal


332


TOWN OF NORWOOD


Page


Sealer of Weights and Measures


145


Selectmen, Board of


126


Welfare Board


152


FINANCIAL REPORTS


Accountant, Town


259


Appropriation, Revenue


300


Balance Sheet


310


Cemetery, Perpetual Care Bequests


323


Debt Accounts


314


Debt Statements


259


Expenditures


271


Municipal Light Department, Financial Statements


319


Operating Accounts, Other


309


Receipts


262


Revenue Accounts, Deferred


313


Summary of Receipts and Expenditures


298


Trial Balance


316


Trust Fund Securities


325


Trust Investment and Retirement Funds


315


Contributory Retirement Board


323


W ELLS BINDERY INC. ALTHAM, MASS. AUG. 1960





Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.