Norwood annual report 1963-1964, Part 61

Author: Norwood (Mass.)
Publication date: 1963
Publisher: The Town
Number of Pages: 964


USA > Massachusetts > Norfolk County > Norwood > Norwood annual report 1963-1964 > Part 61


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Sir:


As directed by you, I have made an audit of the books and accounts of the Town of Norwood for the period from September 12, 1961, the date of the previous audit, to March 31, 1964, and report thereon as follows:


The records of financial transactions of the several departments re- ceiving or disbursing money for the town or committing bills for collection were examined and checked with the books of the town accountant and the town treasurer.


The town accountant's books were examined and checked. The recorded receipts were compared with the treasurer's books and the payments were proved with the treasury warrants and with the disbursements recorded by the treasurer. The appropriations, loan authorizations and transfers, as entered on the ledger, were checked with the town clerk's records of town meeting votes and with the finance commission's authorizations of trans- fers from the reserve fund.


The general and appropriation ledger accounts were analyzed, the necessary adjustments resulting from the audit were made, and a balance sheet, a copy of which is appended to this report, was prepared showing the financial condition of the Town on March 31, 1964,


470


TOWN OF NORWOOD


The books and accounts of the town treasurer were examined and checked. The cash book was footed, and the cash balance on March 31, 1964 was proved by reconciliation of the bank balances with statements certified by the banks of deposit, by verification of the certificates of de- posit, and by an actual count of the cash in the office.


The recorded receipts were compared with the town accountant's ledgers, with the records in the several departments collecting money for the Town, and with other sources from which money was paid into the town treasury, while the recorded payments were compared with the treasury warrants authorizing the treasurer to disburse town funds and with the books of the town accountant.


The maturing debt and interest payments were proved with the amounts falling due and with the cancelled bonds and coupons on file. The coupons unpaid on March 31, 1964 were listed and reconciled with a statement certified by the bank of deposit.


The savings bank books and securities representing the investment of the trust, investment and retirement funds in the custody of the town treasurer and the trustees, were examined and listed. The income was proved and all transactions and balances were verified.


The records of tax titles and tax possessions held by the Town were examined and checked. The transfers to the tax title account were com- pared with the books of the collector, while the redemptions of tax titles and sales of tax possessions were checked with the receipts as recorded by the treasurer. The tax titles and tax possessions on hand were listed and reconciled with the controlling accounts in the general ledger, and were compared with the records at the Registry of Deeds.


The payroll deductions for Federal and State taxes, group insurance, and savings bond purchases were examined and reconciled with the con- trolling accounts of the town accountant.


The records of receipts for parking meter fees were listed and com- pared with the books of the town accountant.


The books and accounts of the town collector were examined and checked. The tax, excise, assessment, municipal light, water, and depart- mental accounts outstanding at the time of the previous audit, as well as all subsequent commitments, were audited. The commitments were proved with the assessors' warrants and with the departmental records. The abatements were compared with the assessors' and other departmental records of abatements granted. The payments to the treasurer were checked with the books of the treasurer, the transfers to tax titles were verified, and the outstanding accounts were listed and reconciled with the con- trolling ledger accounts.


Further verification of the outstanding accounts was made by mailing notices to a number of persons whose names appeared on the books as owing money to the Town, and from the replies received thereto it appears that the accounts, as listed, are correct.


471


REPORT OF TOWN ACCOUNTANT


The records of deferred sewer, street, and water main assessments were examined. The apportionments were verified, the payments to the treasurer in advance were checked with the recorded receipts of the treasurer, and the amounts due in future years were listed and proved with the deferred accounts in the town accountant's ledger.


The records of guarantee deposits for various town services were examined. The deposits were listed, and the refunds and transfers to accounts receivable were verified. The deposits on hand were proved with the respective controls in the town accountant's ledger.


The financial records of the town clerk were examined. The dog and sporting licenses issued were checked, and the payments to the town treasurer and to the Division of Fisheries and Game were verified. The recorded receipts of the town clerk for miscellaneous fees, as well as for the sale of cemetery lots and graves were checked, and the payments to the treasurer were verified.


The surety bonds of the town officials who are required by law to furnish them were examined and found to be in proper form.


The records of receipts by the selectmen, the town manager, and the building inspector, as well as by the police, fire, health and school de- partments, and by all other departments collecting money for the Town were examined and checked. The payments to the town treasurer were verified, and the cash on hand in the several departments was proved.


Appended to this report, in addition to the balance sheet, are tables showing a reconciliation of the treasurer's cash, summaries of the tax, excise, assessment, tax tile, tax possession, municipal light, water and departmental accounts, as well as schedules showing the condition and transactions of the several trust, investment and retirement funds.


During the progress of the audit cooperation was extended by all the town officials, for which on behalf of my assistants and for myself, I wish to express appreciation.


Respectfully submitted,


WILLIAM SCHWARTZ Assistant Chief of Bureau


472


Balance Sheet - March 31, 1964 GENERAL ACCOUNTS


Assets


Liabilities and Reserves


Cash :


General


$1,553,707.70


Advances for Petty :


Public Welfare


100.00


School


200.00


Library


50.00


Guarantee Deposits :


Plans and Specifications


145.00


Sewer


53,260.77


Street


925.00


Sidewalk


905.50


Municipal Light:


Consumers'


10,217.00


Service Connections


1,877.63


Water


48,676.02


Levy of 1961:


Poll


28.00


Personal Property


289.80


Levy of 1962:


Poll


204.00


Personal Property .


363.90


Cemetery Perpetual Care Bequests


3,687.50


Levy of 1963:


Poll


320.00


Personal Property


3,284.00


Real Estate


35,942.78


High School English Prize 15.93


Harriet W. Lane


126.90


TOWN OF NORWOOD


116,006.92 91.00 2,635.39


Dog Licenses-Due County


Tailings-Unclaimed Checks, Etc. .. Gifts and Bequests : Chickering Gift for Library Books 47.14


3,734.64


Trust and Investment Funds Income: School Funds:


40,471.68


Employees' Payroll Deductions:


Federal Taxes


$31,680.30


State Taxes 3,569.76


Purchase of Savings Bonds 423.50


35,673.56


350.00


Accounts Receivable :


Taxes:


Levy of 1960:


Poll


10.00


Personal Property .


29.20


..


.


Taxes in Litigation


12,223.25


H. O. Peabody School for Girls .. 45,907.86 Library Funds :


Levy of 1959


18.44


Warren H. Cudworth 121.71


Levy of 1960 231.56


E. Florence Morse 179.08


Levy of 1961


3,515.86


Alice H. Plimpton


3,841.85


Levy of 1962


7,535.11


Levy of 1963


41,302.71


Levy of 1964


72,319.50


124,923.18


Perpetual Care


54,968.61


Special Assessments:


Unapportioned Sewer


27,010.04


Sewer 1963


210.24


Committed Interest 1963 ..


61.66


27,281.94


Federal Grants:


Disability Assistance:


Tax Titles


15,215.28


Administration


1,642.00


Tax Possessions


7,495.61


Assistance


9,263.10


Aid to Dependent Children :


Departmental:


General Government


4,250.73


Town Property Rentals


1,678.78


Police


6,230.20


Administration


3,220.04


Parking Meters


12.88


Assistance


75,830.57


Health


1,063.50


Medical Assistance for the Aged:


Sanitation


1,598.46


Administration


11,071.71


Highway


1,200.79


Assistance


50,994.17


Permanent Sidewalks


55.65


Smith-Hughes and George-


General Relief


2,499.78


Barden Fund


18,432.95


473


REPORT OF STATE AUDIT


108,758.55


Recovery -- Old Age Assistance


303.49


Tax Titles and Possessions:


Post-War Rehabilitation


89.28


Stabilization Fund


2,586.71


William T. Whedon


88.43


Cemetery Funds :


Anna M. Day


832.19


Investment Funds:


22,710.89


Administration Aid


10,686.77


Old Age Assistance:


4,578.70


Motor Vehicle & Trailer Excise:


474


GENERAL ACCOUNTS-Continued


Assets


Old Age Assistance


565.73


Veterans' Services


16,637.11


School


11,896.64


Cemetery-Care of Lots


and Graves


8,706.50


Revolving Funds:


56,396.75


School Lunch


41,394.10


School Athletics 3,164.10


Municipal Light:


Rates


152,700.39


Miscellaneous Charges ...


9,683.85


162,384.24


1


Water:


Liens 1963


378.60


Rates


63,137.31


Miscellaneous Charges ...


6,983.64


Water:


Maintenance & Operation . 1,797.16


Construction & Extension 3,021.90


Aid to Highways:


State


42,000.00


Sewer Construction


3,031.69


Drain Construction


3,929.89


Police and Fire Station Construction 68,966.34


School Construction


85,590.55


Municipal Light Construction ..


214,945.72


TOWN OF NORWOOD


Appropriation Balances:


Revenue :


General


487,809.95


Municipal Light:


Maintenance & Operation


399.82


Depreciation


2,475.66


Construction


52,882.54


70,499.55


County


21,000.00


63,000.00


Revenue 1964 :


Appropriations Voted


..


25,700.00


Liabilities and Reserves


School-Public Law #85-864 4,171.11


Welfare-Norwood Interceptor Sewer 7,000.00


196,891.12


44,558.20


Non-Revenue :


Expenditures in Advance of Appropriations 1,337,813.31 County Hospital Assessment 1964 Paid 2,648.03


Water Construction 18,004.19


942,855.41 50,000.00


Loans Authorized and Unissued Overestimates 1963:


State:


Metropolitan Sewerage 4,171.88


Mosquito Control 507.93


County Tax


19,082.68


Estimated Receipts Col-


lected to Date -666,875.90


699,285.44


Loan Authorized:


Norwood-Walpole Interceptor


Highway-Chap. 718, Acts of 1956


19,946.24


Sewer


50,000.00


Proceeds County Dog Fund


1,491.08


State Aid for Libraries


6,224.50


Unprovided for or Overdrawn Accounts :


Investment Income - Norwood-


Walpole Interceptor Sewer .. 4,927.22


Underestimates 1963:


94,333.85


State Recreation Areas . .


1,867.34


Court Judgments


3,690.47


Levy of 1958


278.60


Land Damage Awards


2,350.00


Levy of 1959


1,651.07


Levy of 1960


6,930.06


Fund


3,047.81


Levy of 1961


13,591.81


Levy of 1962


12,055.26


Overdrawn Appropriation 1963:


Levy of 1963


9,138.11


Snow Removal 11,990.63


43,644.91


475


REPORT OF STATE AUDIT


Revenue Reserved Until Collected:


23,762.49


Sale of Real Estate Fund


2,140.00


Sale of Cemetery Lots Fund


56,601.37


Receipts Reserved for Appropriations :


Parking Meter 61,744.81


Reserve Fund-Overlay Surplus . Overlays Reserved for Abatements:


5,186.39


Workmans Compensation


$1,366,161.34


Deduct:


GENERAL ACCOUNTS-Continued


Assets


Liabilities and Reserves


Motor Vehicle and Trailer Excise


124,923.18


Special Assessment


27,281.94


Tax Title and Possession 22,710.89


Departmental


56,396.75


Municipal Light


162,384.24


Water


70,499.55


Aid to Highway


63,000.00


527,196.55


Reserve for Petty Cash Advances . .


350.00


Surplus Revenue


651,457.03


$2,906,180.87


$2,906,180.87


DEFERRED REVENUE ACCOUNTS


Apportioned Sewer Assessment Revenue: Due in 1964 to 1973, Inclusive $59,895.42 Apportioned Sewer Assessment Revenue: Due in 1964 to 1971, Inclusive 672.60


Apportioned Assessments Not Due :


Sewer


$59,895.42


Apportioned Water Main Assessment Revenue :


Street


672.60


Due in 1964 to 1973,


Water Main


3,508.11


Inclusive


3,508.11


$64,076.13


$64,076.13


476


TOWN OF NORWOOD


DEBT ACCOUNTS


Net Funded or Fixed Debt: Inside Debt Limit: General Outside Debt Limit: General


$1,486,000.00


$870,000.00


Sewer


3,000.00


Street


13,000.00


School


1,370,000.00


$1,486,000.00


Outside Debt Limit:


General: School


870,000.00


Public Service Enterprise:


Municipal Light 330,000.00


Water


316,000.00


1,516,000.00


$3,002,000.00


$3,002,000.00


TRUST AND INVESTMENT ACCOUNTS


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


477


REPORT OF STATE AUDIT


Trust and Investment Funds : Cash and Securities: In Custody of Treasurer . .


491,433.03


Serial Loans: Inside Debt Limit: General:


Fire and Police Station $100,000.00


Public Service Enterprise 646,000.00


1,516,000.00


TRUST AND INVESTMENT ACCOUNTS-Continued


In Custody of Trustees ...


1,018,698.83


William T. Whedon


500.00


Cemetery Funds:


Anna M. Day


5,000.00


Perpetual Care


132,109.92


Investment Funds:


Municipal Light Guarantee


Deposit


71,400.00


Post-War Rehabilitation


336.95


Stabilization


268,786.16


491,433.03


In Custody of Trustees: H. O. Peabody School for Girls . ..


1,018,698.83


$1,510,131.86


$1,510,131.86


RETIREMENT SYSTEM ACCOUNTS


Contributory Retirement System Funds: Cash and Securities 912,401.05


Contributory Retirement System Funds:


Annuity Savings .


722,547.56


Annuity Savings for Military Service Credits


4,397.05


Annuity Reserve


95,468.16


Pension


86,917.28


Expense


1,930.56


Undistributed Income


1,140.44


$912,401.05


$912,401.05


478


TOWN OF NORWOOD


479


TOWN OF NORWOOD


INDEX


GENERAL


Page


Jury List


205


Officials, Appointed Officials, Elected


4


3


Town Meeting Records


9


EXECUTIVE REPORTS


Airport Commission


215


Animals, Inspector of


216


Appeals, Board of


217


Assessors, Board of


218


Blue Hills Regional Vocational School Committee


300


Building Inspector 221


Capital Outlay Committee


222


Cemetery Department


227


Civil Defense, Director of


228


Conservation Committee


230


Clerk, Town


Records of Town Meetings and Elections


9


Vital Statistics - Births


120


Marriages


166


Deaths


185


Counsel, Town


231


Dog Officer


232


Elementary Schools Housing Committee


361 233


Engineering Department


Finance Commission 241


Fire Department


243 245


Fish and Game Warden


General Manager


Health, Board of


Industrial Development Committee


Library Addition Building Committee


Library, Morrill Memorial


Light Department, Municipal


Norwood Housing Authority


Norwood Public Schools


307 268 270


Police Department


274


Public Welfare Board


282


Public Works Department 283


Purchases, Clerk of 290


Recreation Department 292


Sealer of Weights and Measures 303


Selectmen, Board of 199


246 248 256 257 259 264 253


Old Age Assistance


Planning Board


480


INDEX


Page


School Building Committees:


Balch School Addition 358


Cleveland School Addition 359


John P. Oldham School Building Committee 360


State Audit 469


Town Treasurer


362


FINANCIAL REPORTS


Accountant, Town


371


Appropriations, Revenue


443


Balance Sheet


430


Cemetery, Perpetual Care Bequests


460


Contributory Retirement Fund


459


Debt Accounts


436


Debt Statements


373


Expenditures


386


Municipal Electric Light Accounts


461


Operating Accounts, Other


458


Receipts


376


Retirement Fund Securities


440


Revenue Accounts, Deferred


434


Summary of Receipts and Expenditures


424


Sums Carried Forward from 1961


417


Sums Carried Forward from 1962


418


Sums Carried Forward from 1963


420


Trial Balance


426


Trust Fund Securities


438


Trust and Investment Accounts


437


Unexpended Balances and Payments


454


NORWOOD PRINTING CO.


Summary of Town Debt


373


ELLS BINDERY INC. \/VALTHAM, MASS. DEC. 1965


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