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
ـيوسول
مة- صباحـ
مركزية ساكنة
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