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