USA > Massachusetts > Norfolk County > Norwood > Norwood annual report 1960-1962 > Part 78
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248.00
Sewer Maintenance
248.00
.00
161,800.00
Norwood-Walpole Interceptor Sewer
16,787.79
145,012.21
50,870.85
Sewer Construction
299.10
50,571.75
42,965.58
Drains Construction
4,214.96
38,750.62
2,388.86
Garage Maintenance and Operation
1,603.10
785.76
8,439.84
Highway Construction Chapter 90, 1960
8,439.84
.00
4,364.84
Highway Construction Chapter 90, 1961
4,115.62
249.22
158.50
Highway Construction Chapter 90, 1957
158.50
.00
12,678.73
Snow and Ice Removal
12,659.52
19.21
910.00
Public Dumps Maintenance
110.00
800.00
470.00
Dutch Elm Control
470.00
865.00
Care of Trees
260.00
605.00
250.00
Moth Suppression
250.00
966.71
Public Works Construction of Building
966.71
2,840.29
Public Works Incid. Expense
2,840.29
.00
279.71
Public Works New Equipment
279.71
.00
32,533.20
Highway Construction
28,930.43
3,602.77
2,295.00
Highway Maintenance and Repairs
629.43
1,665.57
1,450.50
Particular Sewers
469.70
980.80
2,871.65
Granite curbing on Wash. between Nor-
wood Laundry and Electric Light Sub Station
2,800.00
71.65
8,482.58 Permanent Sidewalks
6,794.75
1,687.83
140.00
Drains Maintenance
140.00
371
REPORT OF TOWN ACCOUNTANT
1961 Unexpended Balances
Accounts
Payment
Balance
2,590.67 Schools Administration Expense
2,590.67
3,414.33
Schools Maintenance of Buildings
2,869.18
545.15
4,830.95 Schools Instruction Supplies
2,717.78
2,113.17
4,530.67 Schools Textbooks
3,642.70
887.97
100.00
Schools Operating Expense
100.00
13.00 Schools Auxiliary Agencies New Equipment
13.00
49.40
Schools Operation Lunch Counter
49.40
2,004.29
Schools Industrial Education
39.75
1,964.54
491.90
Schools Practical Nursing Fund
223.20
268.70
141.28
N.D.E.A. Instruction Supplies
141.28
2,189.74
N.D.E.A. Instruction Supplies U.S. Grant
2,189.74
.00
5,252.78 Schools Equip. Repairs and Replacements
2,557.48
2,695.30
1,030.05
Athletic Association Revolving Fund
1,030.05
.00
79.12
Construction Senior High School Addition
79.12
2,165.12
Building Committee Senior High School Addition
244.72
1,920.40
95.40
Committee on Addition to Senior High School
95.40
19.44
Construction Elementary School, Nichols St.
19.44
137.77
Committee of Nine to Study Elementary School Housing
137.77
4,877.33
Prospect St. Elementary School Build- ing Committee
3,834.35
1,042.87
387.91
Purchase of Land for School Off Nichols St.
387.91
33,595.89
Automatic sprinklers in School Buildings
1,167.08
32,428.81
2,132.44
School Sprinklers Systems Committee
2,132.44
95.06
Purchase of Land for School Purposes
95.06
4,427.60
Remodel and Reconstruction Senior High School
3,946.35
481.25
265.00
Maintenance and Repairs of Library Bldg.
265.00
.00
224.00
Parks Maintenance
149.50
74.50
9,737.76
Playground Improvement
4,215.90
5,521.86
2,834.30
Playground Improvement-Fr. McAleer
2,834.30
128.00
Recreation Incid.
43.50
84.50
769.00
Morrill Memorial Library Addition Bldg. Committee
38.00
731.00
92.25
Light Admin. Customer and General Ex- pense Accounts
31.64
60.61
6,198.46
Light Construction
4,336.36
1,862.10
28,843.30
Light Depreciation
1,422.54
27,420.76
1,975.00
Light Rate Study Committee
165.95
1,809.05
3,962.70
Water Maintenance
2,750.00
1,212.09
17,444.59
Water Construction
6,864.66
10,579.93
1,841.40
Water House Connections
1,412.76
428.64
180.60
Cemetery Maintenance
34.20
146.40
25,954.01
Cemetery Improvement Incid.
2,017.88
23,936.13
372
TOWN OF NORWOOD
1961 Unexpended Balances
Accounts
Payment
Balance
60.00 Rental Quarters Marine Corps League
60.00
.00
180.00
Rental Quarters American Legion Post 70
180.00
.00
720.00
Lease of Quarters Vet. of Foreign Wars
720.00
.00
240.00
Lease of Quarters Disabled Amer. Vet.
180.00
60.00
170.08 Land Damage Sumner St.
170.08
100.00 Land Damage Dean St.
100.00
500.00
Land Damage Ellis Ave.
500.00
201.00
Land Damage Willett Pkwy.
201.00
32,628.26
Land Damage Lenox St.
3,233.36
29,394.90
150.00
Survey Expense N.E. Metallurgical Co.
150.00
.00
5,000.00
Building Committee for Police, Fire,
5,000.00
.00
1,155.14
Civil Defense
532.44
622.70
305.33
Enclosing Culverts Codman Rd.
305.33
100.00
Testimonial to George F. Willett
57.58
42.42
100.00
Expense of Petitions to Change Sec. 9 of Town Charter
100.00
5,353.60
Refilling Borrow Pit Elils Ave.
2,963.89
2,389.71
114.64
Committee on Town Charter
114.64
81.79
Committee of Seven to Study Disposition of Veterans Memorial Bldg. Fund
81.79
253.00
Christmas Decorations
241.40
11.60
223.64
Construction of Fall Out Shelter
223.64
6,462.57
H. O. Peabody Income Account
6,462.57
.00
655,573.15
192,123.00
463,450.15
1961 UNEXPENDED BALANCES AND PAYMENTS - BORROWED
Borrowed
Accounts
Payments
Balance
3,031.69
Sewer Construction-Borrowed
3,031.69
3,929.89
Drains Construction-Borrowed
3,929.89
51.93
Construction Elementary School Nepon- set St. Borrowed
51.93
370,563.54
Construction Senior High School Addi- tion -- Borrowed
294,890.40
75,673.14
136,113.20
Remodeling Sr. High School-Borrowed
84,821.84
51,291.36
31,016.63
Light Construction-Borrowed
5,461.25
25,555.38
3,931.93
Water Construction-Borrowed
800.94
3,130.99
20,069.12
Water Construction Standpipe-Borrowed
20,069.12
17,961.12
Water Construction -- Borrowed-Mains
854.17
17,106.95
586,669.05
386,828.60
199,840.45
Civil Defense and Communication Ctr.
TOWN OF NORWOOD BALANCE SHEET, DECEMBER 31, 1962
Assets
Liabilities and Reserves:
Cash:
Employee's Payroll Deductions :
In Banks and Office
1,897,560.03
Federal Taxes
77,654.84
Cash Invested
400,000.00
State Taxes
9,669.68
Purchase of Savings Bonds
550.75
Accounts Receivable
Taxes
Guarantee Deposits:
Plans
125.00
Sewer
44,402.96
Levy of 1960
Poll
74.00
Sidewalks
905.50
Personal Property
262.51
Muncipal Light:
Consumers
11,357.00
Service Connections
1,877.63
Levy of 1961
Water
35,950.83
Poll
136.00
Personal Property
642.60
Real Estate
24.15
Real Estate taxes due
N.Y.N.H. & Hart. R.R. .
3,739.05
Levy of 1962
Poll
530.00
Personal Property
4,614.60
Real Estate
82,634.64
93,626.75
Motor Vehicle and trailer Excise :
Levy of 1958
5.01
1959
47.76
REPORT OF TOWN ACCOUNTANT
Dog Licenses-Due County
84.50
Sporting Licenses-Due State
583.50
Tailings-Unclaimed Checks
680.64
Land Damage Checks-Unclaimed
1,954.75
Gifts and Bequests : Cemetery Perpetual Care Bequests
600.00
Trust Fund Income: School Funds:
Harriet W. Lane
97.63
Henry O. Peabody School for girls 46,321.38
373
87,875.27
Levy of 1959
Poll
38.00
Street
650.00
Real Estate taxes due N.Y.N.H. & Hart. R.R. .
931.20
95,268.92
2,297,560.03
BALANCE SHEET - Continued
Assets
1960
3,705.91
1961
5,949.61
1962
54,254.25
Warren H. Cudworth 96.71
E. Florence Morse
153.15
Alice H. Plimpton
3,699.43
William T. Whedon
62.50
Cemetery Funds :
Anna M. Day
572.80
Perpetual Care
49,260.14
Investment Fund:
Post War Rehabilitation 71.82
Tax Titles and Possessions:
Tax Titles
14,205.57
Tax Possessions
7,664.66
Departmental:
Town Property Rentals
1,678.78
Permanent Sidewalks
55.65
Parking Meters
12.88
Cemetery Care of Lots
Old Age Assistance
5,657.34
Disability Assistance
732.00
& Graves
6,615.50
General Government
4,150.73
Health
1,063.50
Federal Grants:
Disability Assistance
Administration
2,013.86
Sanitation
1,315.70
Assistance
4,719.93
Schools
15,294.39
Welfare
1,804.86
Old Age Assistance
566.73
Liabilities and Reserves :
High School English Prize Fund
10.00
Library Funds :
63,962.54
Special Assessments :
Sewer 1962
158.21
Apportioned st. betterment
Assessments 1962
11.69
Committed Interest 1962 52.82
222.72
21,870.23
Interest on Investment of Interceptor Sewer Funds-Norwood
2,825.32
Interceptor Sewer Funds-
Walpole
2,101.90
Recoveries :
Aid to Dependent Children 3,157.40
9,546.74
Highways
1,086.69
Police
5,585.20
Aid to Dependent Children
Administration 120.76
Aid 4,064.09
374
100,345.56
TOWN OF NORWOOD
BALANCE SHEET - Continued
Veterans Services 6,428.39
45,659.00
3,576.76
Municipal Light:
Rates .
122,627.57
Miscellaneous
8,990.61
Administration Assistance
25,659.93
Water Department:
Smith Hughes & G. Barden Fund
19,643.37
Lien added to taxes
Levy of 1962
984.16
Rates
40,317.11
Miscellaneous
2,522.96
Revolving Funds :
School Lunch
16,986.02
School Athletics 7,300.11
Aid to Highways:
State
4,918.42
County
4,149.11
Appropriation Balances:
Revenue
848,431.02
Loans Authorized :
Norwood-Walpole Interceptor
Sewer 50,000.00
Money Appropriated and due from
the Stabilization Fund 409,397.88
Unprovided for Accounts:
Sale of Real Estate Fund
2,140.00
Approved Land Damage
Sale of Cemetery Lots & Graves Fund
29,128.37
Awards 3,515.00
Snow and Ice Removal
Overdraft 1962 2,732.60
6,247.60
Old Age Assistance Administration Aid
53,740.56
Medical Assistance for the Aged
5,490.37
131,618.18
Schools-Nat'l Defense Education-
Public Law 85-864 4,034.43
123,064.06
REPORT OF TOWN ACCOUNTANT
Non-Revenue
199,840.45
Loans Authorized and Unissued ...
50,000.00
Transfer from Stabilization Fund Authorized 409,397.88
311.68
Workmen's Compensation Fund .... Receipts reserved for Appropriation : Parking Meters 56,367.48
375
43,824.23
24,286.13
9,067.53
BALANCE SHEET - Continued
Assets
Liabilities and Reserves :
Underestimates 1962:
Mosquito Control 126.43
Highways Chapter 718 Acts of 1956 19,946.24
76,313.72 5,186.39
Reserve Fund-Overlay Surplus Overlays Reserved for Abatements:
Levy of 1958
278.60
Levy of 1959
1,789.07
Levy of 1960
7,537.37
Levy of 1961
14,178.11
Levy of 1962
17,005.16
40,788.31
Revenue Reserved until Collected :
Motor Vehicle & Trailer Excise
63,962.54
Special Assessments
222.72
Tax Title & Tax Possessions
21,870.23
Departmental
45,659.00
Municipal Light
131,618.18
Water
43,824.23
Aid to Highways
9,067.53
316,224.43
Interest Electric Light Consumers Deposits
3,051.68
Overestimates:
County Tax 1962
9,586.70
State Parks Assessment 1962
1,460.34
Metro. Sewer Assessment 1962
10,424.00
Surplus Revenue
721,680.86
$3,173,183.12
376
TOWN OF NORWOOD
$3,173,183.12
DEFERRED REVENUE ACCOUNTS
Apportioned Sewer Assessments, Not Due $48,688.67
Apportioned Sewer Assessment Revenue :
Due in 1963
7,215.62
Due in 1964
7,212.45
Due in 1965
7,163.75
Due in 1966
5,603.61
Due in 1967
5,120.25
Due in 1968
4,093.31
Due in 1969
4,093.29
Due in 1970
4,093.22
Due in 1971
4,093.17
48,688.67
Apportioned Street Betterments, Not Due 921.68
Apportioned Street Betterments Revenue :
Due in 1963
156.21
Due in 1964
156.21
Due in 1965
156.20
Due in 1966
156.19
Due in 1967
59.38
Due in 1968
59.38
Due in 1969
59.38
Due in 1970
59.37
Due in 1971
59.36
921.68
$49,610.35
$49,610.35
REPORT OF TOWN ACCOUNTANT
377
DEBT ACCOUNTS
Net Funded or Fixed Debt: Inside Debt Limit: General Outside Debt Limit:
1,519,000.00
Serial Loans: Inside Debt Limit: General
Street
18,000.00
General
9,300,000.00
Sewer
4,000.00
School
1,397,000.00
School Remodeling 100,000.00
1,519,000.00
Outside Debt Limit:
General
School
930,000.00
Public Service Enterprise Municipal Light
102,000.00
Water
323,000.00
1,355,000.00
1,355,000.00
$2,874,000.00
$2,874,000.00
378
Public Service
Enterprises 425,000.00
TOWN OF NORWOOD
TRUST AND INVESTMENT ACCOUNTS
Trust and Investment Funds: Cash and Securities:
In Custody of Town Treasurer 1,681,363.89 In Custody of Trustees 933,514.13
In Custody of Treasurer: School Funds:
High School English Prize 500.00
Harriet W. Lane 800.00
Library Funds :
Warren H. Cudworth
500.00
E. Florence Morse
500.00
Alice H. Plimpton
11,000.00
William T. Whedon
500.00
Cemetery Funds :
Anna M. Day
5,000.00
Perpetual Care
117,534.92
Investment Funds:
Municipal Guarantee Deposits .
63,400.00
Post War Rehabilitation
336.95
Stabilization
632,114.92
Municipal Contributory Retirement
Fund
849,177.10
1,681,363.89
In Custody of Trustees: Henry O. Peabody School for Girls
933,514.13
$2,614,878.02
$2,614,878.02
REPORT OF TOWN ACCOUNTANT
379
380
TOWN OF NORWOOD
TRIAL BALANCE December 31, 1962
Debits Credits
Cash
$1,897,560.03
Cash Invested
400,000.00
Poll Taxes 1959
38.00
Poll Taxes 1960
74.00
Poll Taxes 1961
136.00
Poll Taxes 1962
530.00
Personal Property Tax 1960
262.51
Personal Property Tax 1961
642.60
Personal Property Tax 1962
4,614.60
Real Property Tax 1961
24.15
Real Property Tax 1962
82,634.64
Real Property Tax N.Y., N.H. & H. R.R. Co. 1960
931.20
Real Property Tax N.Y., N.H. & H. R.R. Co. 1961
3,739.05
Motor Vehicle Excise Tax 1958
5.01
Motor Vehicle Exise Tax 1959
47.76
Motor Vehicle Excise Tax 1960
3,705.91
Motor Vehicle Excise Tax 1961
5,949.61
Motor Vehicle Excise Tax 1962
54,254.25
Sewer Assessments 1962
158.21
Street Assessments 1962
11.69
Committed Interest 1962
52.82
Water Liens Added to Taxes 1962
984.16
Tax Titles
14,205.57
Tax Title Possessions
7,664.66
Accounts Receivable :
Real Estate
1,678.78
State Aid to Highways
4,918.42
County Aid to Highways
4,149.11
Sidewalks
55.65
Parking Meters
12.88
Cemetery-Care of Lots
6,615.50
General Government
4,150.73
Health
1,063.50
Highway
1,086.69
Police
5,585.20
Sanitation
1,315.70
Schools
15,294.39
Welfare
1,804.86
Old Age Assistance
566.73
Electric Light Rates
122,627.57
Electric Light Accounts Receivable
8,990.61
Water Rates
40,317.11
Water Accounts Receivable
2,522.96
Veterans' Services
6,428.39
REPORT OF TOWN ACCOUNTANT
381
TRIAL BALANCE - Continued
Debits Credits
Revenue Appropriations
$848,431.02
Snow and Ice Removable Overdraft
2,732.60
Withholding Taxes State
9,669.68
Withholding Taxes Federal
77,654.84
Bond Deductions
550.75
Parking Meter Receipts
56,367.48
Approved Land Damage Awards
3,515.00
Fed. Grants-Aid to Dependent Children Adm.
120.76
Feeral Grants-Ai to Dependent Chilren
4,064.09
Federal Grants-Old Age Assistance Adm.
3,576.76
Federal Grants-Old Age Ahsistance
53,740.56
Fed. Grants-Disability Assistance Adm.
2,013.86
Federal Grants-Disability Assistance
4,719.93
Fed. Grants-Medical Assistance for the Aged Fed. Grants-Medical Assistance for Aged Adm. Smith-Hughes Fund
5,490.37
Schools Special Lunch Counter Feund
16,986.02
Sdhools Atheltil Fund
7,300.11
Schools National Defense Education
4,034.43
Workmens Compensation Fund
311.68
Highway Bond Issue Chapter 718
19,946.24
Due From Stabilization Fund
409,397.88
Transferred Stabilization Fund Authorized
409,397.88
Loans Authorized
50,000.00
Loans Authorized and Unissued
50,000.00
Guarantee Deposits :
Electric Light Consumers
11,357.00
Electric Light Connections
1,877.63
Dog Licenses
84.50
Sewer Connections
44,402.96
Sporting Licenses
583.50
Water Connections
35,950.83
Highways
650.00
Specification Forms
125.00
Sidewalks
905.50
Aid to Dependent Children Recovery Account
3,157.40
Old Age Assistance Recovery Account
5,657.34
Disability Assistance Recovery Account
732.00
Sale of Real Estate Funds
2,140.00
Interest on Consumers Deposits
3,051.68
Failings
680.64
Land Damage Checks Unclaimed
1,954.75
Interest on Investment Sewer Funds-Norwood Interest on Investment Sewer Fund-Walpole
2,825.32
Cemetery Perpetual Care Bequest
600.08
Harriet W. Lane Fund Income
97.63
2,101.90
25,659.93
19,643.37
382
TOWN OF NORWOOD
TRIAL BALANCE - Continued
Debits Credits
Cemetery Perpetual Care Fund Income
49,260.14 572.80
Warren H. Cudworth Fund Income
96.71
Alice H. Plimpton Fund Income
3,699.43
E. Florence Morse Fund Income
153.15
Wiliam T. Whedon Fund Income
62.50
High School English Prize Fund Income
10.00
H. O. Peabody Fund Income
46,321.38
Post War Rehabilitation Fund Income
71.82
County Tax 1962
9,586.70
Mosquito Control 1962
126.43
State Parks Assessment
1,460.34
Metropolitan Sewer Assessment
10,424.00
Nonrevenue Appropriations
199,840.45
Cemetery Available Funds
29,128.37
Overlay 1958
278.60
Overlay 1959
1,789.07
Overlay 1960
7,537.37
Overlay 1961
14,178.11
Overlay 1962
17,005.16
Overlay Surplus
5,186.39
Revenue Reserved Until Collected:
Departmental
45,659.00
Motor Vehicle Revenue
63,962.54
Special Assessment Revenue
222.72
Tax Title Revenue
14,205.57
Tax Title Possessions Revenue
7,664.66
Electric Light Revenue
131,618.18
Water Revenue
43,824.23
9,067.53
State and County Aid to Highways Revenue Excess and Deficiency
721,680.86
Deferred Assessments:
Apportioned Sewer Assesments Not Due
48,688.67
Sewer Assessments Due in 1963
7,215.62
Sewer Assessments Due in 1964
7,212.45
Sewer Assessments Due in 1965
7,163.75
Sewer Assessments Due in 1966
5,603.61
Sewer Assessments Due in 1967
5,120.25
Sewer Assessments Due in 1968
4,093.31
Sewer Assessments Due in 1969
4,093.29
Sewer Assessments Due in 1970
4,093.22
Sewer Assessments Due in 1971
4,093.17
Apportioned Street Betterments Not Due
921.68
Street Betterments Due in 1963
156.21
Street Beterments Due in 1964
156.21
Anna M. Day Fund Income
383
REPORT OF TOWN ACCOUNTANT
TRIAL BALANCE - Continued
Debits Credits
Street Betterments Due in 1965
156.20
Street Betterments Due in 1966
156.19
Street Betterments Due in 1967
59.38
Street Betterments Due in : 1968
59.38
Street Betterments Due in 1969
59.38
Street Betterments Due in 1970
59.37
Street Betterments Due in 1971
59.36
Net Bonded Debt Outside Limit
1,355,000.00
Net Bonded Debt Inside Limit
1,519,000.00
Schools Loans Inside
1,397,000.00
Highway Loans Inside
18,000.00
Sewer Loans Inside
4,000.00
School Remodeling Loans Inside
100,000.00
Electric Light Loans Outside
102.000.00
School Loans Outside
930,000.00
Water Loans Outside
323,000.00
Trust and Investment Funds
1,765,700.92
Cemetery Perpetual Care Fund
117,534.92
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
63,400.00
E. Florence Morse Fund
500.00
William T. Whedon Fund
500.00
Harriet W. Lane Fund
800.00
Post War Rehabilitation Fund
336.95
H. O. Peabody Fund
933,514.13
Stabilization Fund
632,114.92
$7,862,494.39
$7,862,494.39
MUNICIPAL ELECTRIC LIGHT DEPARTMENT Plant Investment Account
Book Value Additions
Jan. 1, 1962 During Year
Deprecia- tion
Other
Book Value Credits Dec. 31, 1962
$ 9,637.00
Land
9,637.00
9,637.00
405,723.00
Structures and Improvements
262,997.00
2,770.00
12,089.00
253,678.00
376,576.00
Station Equipment
92,355.00
797.00
11,273.00
81,879.00
332,800.00
Poles, Towers and Fixtures
130,059.00
34,683.00
9,003.00
1,978.00
153,761.00
296,519.00
Overhead Conductors and Devices
112,436.00
33,221.00
7,958.00
1,978.00
135,721.00
214,436.00
Underground Conduits .
134,620.00
3,000.00
6,343.00
131,277.00
584,274.00
Underground Conductors and Devices
449,411.00
6,722.00
17,327.00
438,806.00
394,551.00
Line Transformers
227,518.00
23,381.00
11,135.00
239,764.00
113,803.00
Services
43,334.00
12,023.00
3,053.00
52,304.00
283,285.00
Meters
110,087.00
10,201.00
8,193.00
112,095.00
205,799.00
Street Lighting and Signal Systems General Plant
108,300.00
20,103.00
5,571.00
122,832.00
20,454.00
Office Furniture and Equipment
11,014.00
2,173.00
548.00
12,639.00
57,915.00
Transportation Equipment
37,876.00
4,939.00
1,589.00
41,226.00
27.00
Laboratory Equipment .
9.00
18.00
27.00
6,691.00
Communication Equipment
57.00
6,634.00
2.00
6,689.00
10,784.00
Miscellaneous Equipment
9,773.00
323.00
9,450.00
$1,739,483.00
160,665.00
94,407.00
3,956.00 1,801,785.00
. .
.
TOWN OF NORWOOD
.
. . .
.
.
.
$3,313,274.00
384
Total Cost Distribution Plant
COMPARATIVE BALANCE SHEETS Assets and Other Debits
Plant Utility Plant in Service
Jan. 1, 1962 $1,739,483.00
Dec. 31, 1962 $1,801,785.00
Increase $62,302.00
Decrease
Fund Accounts
Depreciation Fund
28,843.00
36,219.00
7,376.00
Other Special Funds
68,663.00
79,686.00
11,023.00
Total Funds
97,506.00
115,905.00
18,399.00
Current Assets
Customer Accounts Receivable
106,166.00
131,618.00
25,452.00
Materials and Supplies
14,905.00
15,882.00
977.00
Prepaid Insurance
256.00
256.00
Total Current Assets
121,327.00
147,756.00
26,429.00
Total Assets and Other Debits
1,958,316.00
2,065,446.00
107,130.00
Liabilities and Other Credits Appropriations
Appropriations for Construction
6,198.00
6,198.00
Surplus
Loans Repayment
523,808.00
558,808.00
35,000.00
Appropriation for Construction Repayments
803,864.00
810,063.00
6,199.00
Unappropriated Earned Surplus
418,067.00
514,349.00
96,282.00
Total Surplus
1,745,739.00
1,883,220.00
137,481.00
.
REPORT OF TOWN ACCOUNTANT
385
Long Term Debt
Bonds
137,000.00
102,000.00
35,000.00
Current and Accrued Liabilities
Customer Deposits
68,663.00
79,686.00
11,023.00
Interest Accrued
716.00
540.00
176.00
Total Current and Accrued Liabilities
69,379.00
80,226.00
10,847.00
Total Liabilities and Other Credits
$1,958,316.00
$2,065,446.00
$107,130.00
386
TOWN OF NORWOOD
REPORT OF TOWN ACCOUNTANT
387
STATEMENT OF INCOME FOR THE YEAR
Dec. 31, 1962
Increase
Decrease
Sales of Electricity
Residential
$717,417.00
$7,241.00
Commercial
291,577.00
4,522.00
Industrial
482,442.00
43,533.00
Municipal
70,714.00
19,553.00
Operating Revenue
1,562,150.00
65,805.00
Operating Expenses :
Operation
1,132,448.00
40,174.00
Maintenance
35,408.00
5,791.00
Depreciation
94,408.00
5,138.00
Total Operating Expenses
1,262,264.00
39,521.00
Net Operating Income
299,886.00
26,284.00
Other Income
Interest Income
2,119.00
334.00
Miscellaneous Income
3,458.00
919.00
Total Other Income
5,667.00
1,253.00
Total Income before Interest Charges
305,553.00
27,537.00
Interest Charges
Interest on Bonds and Notes
2,605.00
712.00
Other Interest Expenses
2,231.00
337.00
Total Interest Charges
4,836.00
375.00
Net Income
$300,717.00
$27,912.00
Analysis of Earned Surplus
Credits
Unappropriated Earned Surplus
(at beginning of year)
$418,067.00
Balance Transferred from Income
300,717.00
$718,784.00
Debits
Appropriation of Surplus
$204,435.00
Unappropriated Earned Surplus (at end of year)
514,349.00
$718,784.00
388
TOWN OF NORWOOD
OPERATING EXPENSES
Dec. 31, 1962
Increase Decrease
Power Supply Expenses
Purchased Power
$945,864.00
$33,346.00
Distribution Expenses
Operation :
Supervision and Engineering
2,992.00
632.00
Station Expenses
25,460.00
5,829.00
Overhead Line Expenses
2,504.00
7,295.00
Street Lighting and Signal System Expenses
9,092.00
1,063.00
Meter Expenses
5,485.00
1,043.00
Customer Installations Expense
6,414.00
727.00
Miscellaneous Distribution Expenses
3,305.00
954.00
Total Operation
$55,252.00
$13,963.00
Maintenance:
Supervision and Engineering
4,592.00
572.00
Maintenance of Structures
2,392.00
507.00
Maintenance of Station Equipment
2,494.00
537.00
Maintenance of Overhead Lines
19,439.00
6,936.00
Maintenance of Underground Lines .
3,426.00
1,245.00
Maintenance of Line Transformers
341.00
674.00
Maintenance of Street Light and
Signal Systems
1,100.00
418.00
Maintenance of Meters
1,551.00
888.00
Maintenance of Miscellaneous
Distribution Plant
73.00
438.00
Total Maintenance
$35,408.00
$5,791.00
Total Distribution Expenses
$90,660.00
$19,754.00
Customer Accounts Expenses
Operation :
Meter Reading Expenses
16,526.00
489.00
Customer Records and Collection Expenses
15,269.00
3,595.00
Uncollectible Accounts
00
8,046.00
Miscellaneous Customer Accounts Expenses
1,003.00
43.00
Total Customer Accounts Expenses
$32,798.00
$4,983.00
389
REPORT OF TOWN ACCOUNTANT
Dec. 31, 1962 Increase Decrease
Administrative and General Expenses
Operation :
Administrative and General Salaries
69,410.00
14,996.00
Office Supplies and Expenses
577.00
460.00
Outside Services Employed
226.00
4,928.00
Property Insurance
860.00
184.00
Employee Pensions and Benefits
14,710.00
12,610.00
Miscellaneous General Expenses
1,821.00
33.00
Rents
6,000.00
3,500.00
Total Operation
$93,604.00
$25,567.00
Maintenance:
Transportation
4,930.00
207.00
Total Administrative and
General Expenses
$98,534.00
$25,774.00
Total Electric Operation and
Maintenance Expenses
$1,167,856.00
$34,383.00
CEMETERY PERPETUAL CARE BEQUESTS - 1962
Perpetual Care Bequests during 1962:
Lot No.
Donor
543
Helen and Margaret Smith
$150.00
1224
Howard Ortla
125.00
670
Dennis Ryan
125.00
2423
Estate of Holly B & Lucy Dyer
125.00
1320
Saveria Puopolo
150.00
1190
Anne Mogan
150.00
1413
Helen Cook
150.00
2778
Docia Burns
125.00
1028A
Sarah B. Williams
150.00
2776
Joseph Catalano
125.00
1704
Henry F. Breen Jr.
150.00
2299
Estate of Brainard A. Rowe
125.00
2779
Peter Kiarsis
150.00
1253
Cecelia Cofsky
175.00
1407
Chester Grusheski
175.00
2068
Edward H. & Alice H. Thompson
150.00
1337
Estate of Mary L. Connolly
300.00
1756
Carolina Scampini
225.00
645
Estate of Walter F. Gray
225.00
2763
Edward Soderlund
150.00
2295
August Ossianson
150.00
2805
Marie S. McManus
150.00
1802
John P. Landry
150.00
685-686
Estate of Francis J. Foley
300.00
390
TOWN OF NORWOOD
150.00
19G-1 Donald and Carol Meears
150.00
33G-1 Charles E. Engel 150.00
1468 Catherine E. Connolly
225.00
18G-1 James and Frances Kearns 225.00
1G-1 Harold and Ruth Baxter
150.00
Single Graves
2224)
John J. Egan
100.00
2225)
2220)
Rita M. O'Brien
100.00
2221)
2215)
Susan Socci
100.00
2216) 2217)
Mary Muehlberger
100.00
2218)
Julia O'Sullivan
100.00
2226) 2227) 2232)
Thelma Mckay
100.00
2233)
3635)
Wilhelm and Clara Theobald
100.00
3636) 2234
Joseph Purpura
50.00
2210)
William and Sophie Morrell
100.00
2211)
2243
Joseph A. May
50.00
$5,900.00
CONTRIBUTORY RETIREMENT - 1962 Membership
Active Membership Dec. 31, 1961: Group A-Male 118, Female 63 Group B-Male 77 Total 258
Enrolled during 1962:
Group A-Male 8, Female 11 Group B-Male 8 Total 27
Withdrawals, Deaths, Retirements: Group A-Male 4, Female 5 Group B-Male 1 Total 10
Active Membership Dec. 31, 1962: Group A-Male 122, Female 69 Group B-Male 84 Total 275
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