Report of the city of Somerville 1932, Part 6

Author: Somerville (Mass.)
Publication date: 1932
Publisher:
Number of Pages: 430


USA > Massachusetts > Middlesex County > Somerville > Report of the city of Somerville 1932 > Part 6


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The surety bonds given by the treasurer and collector, his deputies, and cashier for the faithful performance of their duties were examined and found to be in proper form.


The records of the several departments committing bills for collection were examined and reconciled with the auditor's books.


Appended to this report are tables showing the summaries of the tax and assessment accounts, together with departmental accounts receivable.


Mayor's Department .- The recorded receipts representing fees for amusement licenses, etc., were examined, the payments to the treasurer were checked by a comparison with the treas- urer's and the auditor's books, the cash on hand being verified by an actual count.


City Clerk's Department .- The records of Council orders pertaining to appropriations and loan authorizations were in- spected and checked with the auditor's books.


The records of receipts on account of hunting and fishing and dog licenses, city licenses, marriage intentions, and record- ing fees were examined, the recorded payments to the treasurer were verified by a comparison with the treasurer's and the audi- tor's books, the disbursements for advertising and refunds were checked with the receipts on file, and the cash was verified by an actual count, the bank balances being reconciled with state- ments furnished by the banks.


In addition to $44.29 deposited in a closed bank, a cash variation, due from the city clerk, was found amounting to $25.70.


License Commission .- The records and accounts of the sec- retary of the License Commission were examined and checked for the period from May 22, 1929, to November 2, 1932. The pay- ments to the treasurer were verified by a comparison with the treasurer's and auditor's books and the cash on hand was veri- fied by an actual count, the bank balance being reconciled with


111


DIRECTOR OF ACCOUNTS


a statement furnished by the bank. In reconciling the cash on hand November 2, 1932, a discrepancy amounting to $181.00 was found.


It was noted that the secretary has not paid over to the treasurer at any one time the receipts of licenses granted at that time, and in some cases did not make payments for several months. In addition, it was noted that the secretary refunded fees for applications not granted.


It is recommended that all receipts be paid directly to the treasurer and that refunds be made by the treasurer on pro- perly approved warrants.


The discrepancy of $181.00, together with other cash on hand November 2, 1932, was paid over to the treasurer on December 1, and 20, 1932, the account being as follows :


Cash on hand November 2, 1932 $61.85


Due from secretary November 2, 1932


181.00


Applications, etc., November 2 to Decem- ber 20, 1932


71.00


Unclaimed refunds


10.50


$324.35


Payments to treasurer:


December 1, 1932


$224.50


December 20, 1932


99.85


324.35


Building Department .- The books and accounts of this de- partment representing fees for building, plumbing, and gas per- mits, elevator licenses, and receipts from shower baths and bath-houses, together with applications on account of the Board of Appeals, were examined and checked, the payments to the treasurer were verified by a comparison with the treasurer's and the auditor's books, and the cash on hand was verified by an actual count. As in other departments, it was noted that the cash has not been paid over, as received, to the treasurer, re- funds being made by the department. It is recommended that all receipts be paid directly to the treasurer and that refunds be made on a warrant.


Election Commission .- The recorded receipts for voters' certificates, etc., were examined and checked, and the payments to the treasurer were verified by a comparison with the treas- urer's and the auditor's books.


Police Department .- The records of receipts for revolver permits, etc., were examined, the payments to the treasurer were compared with the records of the treasurer and the audi- tor, and the cash on hand was verified by an actual count.


112


ANNUAL, REPORTS


Fire Department .- The records of receipts for fuel oil per- mits were examined, and the payments to the treasurer were compared with the records in the treasurer's office and with the auditor's books. No records of permits for the sale of fireworks were found, and the clerk stated that whatever fees were received were used by the department. All money received should be paid over to the treasurer and properly reported.


Sealer of Weights and Measures .- The records of charges for sealing and adjusting weights and measures were examined and checked. It was noted that the sealer does not make pay- ments to the treasurer in accordance with the provisions of Section 34, Chapter 98, General Laws, which reads, in part, as follows: "-They shall account for and pay into their city or town treasuries monthly all fees received - יי ..


Electrical Department .- The records of receipts for per- mits issued were examined and checked, the payments to the treasurer being verified by a comparison with the treasurer's and the auditor's books and the cash on hand being verified by an actual count.


Health Department .- The records of receipts on account of milk, oleomargarine, manicure. and other licenses, together with dental clinic receipts, were examined, the payments to the treasurer were verified by a comparison with the treasurer's and the auditor's books, and the cash on hand was verified by an actual count.


Public Welfare Department .- The records of the cash re- ceipts of the City Infirmary were checked and verified by a com- parison with the treasurer's and the auditor's books.


School Department .- The records of receipts on account of the vocational school for boys, the continuation school, the household arts school, and the evening school were examined and checked.


It was found that no cash book is kept in the office of the superintendent, and it was necessary to check all items to let- ters and receipts on file. It is recommended that a cash book be installed ánd that all transactions be recorded, so that proper information may be had of all receipts of this department.


In examining the accounts of the vocational school for boys, it was found that the receipts are turned over daily to the principal of the school, who deposits them in his personal bank account and pays them over to the superintendent monthly. It


113:


DIRECTOR OF ACCOUNTS


is recommended that these receipts be turned over to the super- intendent daily.


In the previous audit, deposits in a savings bank represent- ing the balance of receipts, etc., of the vocational school for girls was found, and it was recommended that this account be- paid over to the city treasurer, but it was noted during this audit that no action had been taken in the matter. This account was examined and the balance has been paid over to the city treasurer since the date of this audit.


In the examination of the accounts of the continuation school, it was noted that the funds are kept in the personal ac- counts of the instructor, and it is recommended that these re- ceipts be paid over to the superintendent daily.


Considerable difficulty was encountered in the examination: of the deposits, etc., of the evening school because of the lack of proper records. It is recommended that a detailed record of these receipts be kept, that the receipts be turned over to the superintendent daily and paid to the city treasurer, and that all refunds be made on a warrant.


Library Department .- The records of receipts on account of deposits, fines, etc., were examined, and the recorded pay- ments were verified by a comparison with the treasurer's and the auditor's books, the cash on hand being verified by an actual count.


Water Department .- The commitments of water rates, etc., were examined and verified with the books in the auditor's of- fice, and the payments to the treasurer were compared with the treasurer's and the auditor's books. The abatements and re- funds were checked with the records in the water department.


Surety Bonds .- The surety bonds given by the city clerk,. assistant city clerk, and the treasurer of the retirement board for the faithful performance of their duties were examined and found to be in proper form.


For the courtesies extended by the various ctiy officials and employees during the progress of the audit, I wish, on behalf of my assistants and for myself, to express appreciation.


Respectfully submitted,


EDWARD H. FENTON,


Chief Accountant ..


114


ANNUAL REPORTS


CITY OF SOMERVILLE Balance Sheet-September 3, 1932 REVENUE ACCOUNTS


Assets


Cash:


$260,761.41


General, in Office and Banks


Advances for Petty Disbursements-


Executive


300.00


City Messenger


300.00


Public Welfare


50.00


City Infirmary


600.00


Soldiers' Benefits


200.00


Schools


1,650.00


$262,411.41


Accounts Receivable :


Taxes-


Levy of 1929


9,516.39


Levy of 1930


163,624.13


Levy of 1931


29,372.00


Levy of 1932, Polls


203,873.97


Old Age Assistance Taxes-


Levy of 1931


14,870.00


Levy of 1932


21,286.00


Motor Vehicle Excise Taxes-


Levy of 1929


13,522.96


Levy of 1930


18,425.62


Levy of 1931


36,871.67


Levy of 1932


79,303.87


Special Assessments-


Street Sprinkling,


1930


1,667.46


1931


$1,687.08


Unapportioned Sidewalks


$620.88


Sidewalks Added to Taxes 1931 ...


112.51


733.39


Unapportioned Better-


$454.34


ments


Betterments Added to


235.60


689.94


3,110.41


Committed Interest -·


$14.61


Sidewalk Assessments


92.30


Betterment Assessments


106.91 31,529.15


Tax Titles Departmental-


Taxes 1931


...


$200.00


$1,361.45


$6,416.00


$10,483.62


$19.62


115


DIRECTOR OF ACCOUNTS


Liabilities and Reserves


Temporary Loans :


Anticipation of Revenue-1932


$3,200,000.00 6.00


Reserve for Petty Cash Advances


1,650.00


Accounts Payable


55,672.85


Trust Fund Income:


S. Newton Cutler School Fund


$255.41


Caroline O. Baker School Fund


13.50


Sarah Winslow Fox School


9.88


Sarah L. Graves Library Fund


27.86


S. Newton Cutler Library Fund


52.25


Martha R. Hunt Library Art Fund


133.19


Martha R. Hunt Library Book Fund


257.75


Isaac Pitman Library Art Fund


202.68


Isaac Pitman Library Book Fund


51.42


Francis Wilder Library Fund


10.21


Buffam Memorial Library Fund


54.52


Thomas J. Buffum Library Fund


3.59


Eunice M. Gilmore Library Fund


125.85


Olive C. Cummings Welfare Fund


1,071.40


2,269.51


Smith-Hughes Fund


......


$2,936.08


George Reed Fund


120.07


3,056.15


Tailings


83.11


Sale of Land


$243.51


Sale of Buildings


1,575.00


1,818.51


Accrued Interest on Bonds


4,726.15


Revenue for Outlays


18,936.94


Revenue Appropriation Balances


1,755,835.25


Reserve Fund-Overlay Surplus


11,717.99


Overlays Reserved for Abatement of Taxes:


Levy of 1929


$1,361.45


Levy of 1930


9,516.39


Levy of 1931


2,242.39


13,120.23


Revenue Reserved Until Collected:


Motor Vehicle Excise Tax


$79,303.87


Special Assessment


3,110.41


Committed Interest


106.91


Tax Title


31,529.15


Departmental


168,523.32


Water


47,427.02


Reserve for Deposits in Closed Banks


330,000.68 136,167.48


Special State Tax-Old Age Assistance


116


ANNUAL REPORTS


Health $1,682.98


Contagious Hospital


14,045.50


Inspection Milk and Vinegar


316.50


Sanitation


814.88


Highway


252.47


Public Welfare


86,041.59


City Infirmary


3,433.85


Soldiers' Relief


99.20


Schools


7,461.78


Commonwealth of Massachusetts-


Old Age Assistance $37,278.24


State Aid


13,063.58


Military Aid


3,892.75


Soldiers' Burial


140.00


54,374.57


168,523.32


Water-


Rates 1929-Metered


$9.15


Rates 1930-Monthly


31.30


Rates 1930-Metered


29.25


Rates 1931-Monthly


505.05


Rates 1931-Metered


618.29


Rates 1932-Monthly


19,755.70


Rates 1932-Metered


25,390.88


Additional Rates


60.25


Maintenance


1,027.15


$47,427.02


Revenue Appropriations $5,290,703.79


Less Estimated Receipts Collected 640,073.00


Overdrawn Accounts, to be Provided for:


County


$295.13


Overlay 1932


302.00


597.13


Revenue Deficit


66,260.87


$5,535,060.85


NON -- REVENUE ACCOUNTS


Cash:


In Office and Banks


$242,127.62


Outlays from Revenue


18,936.94


$261,064.56


4,650,630.79


117


DIRECTOR OF' ACCOUNTS


$5,535,060.85


Accounts Payable Non-Revenue Appropriation Balances


$47,247.72


213,816.84


$261,064.56


118


ANNUAL REPORTS


DEFERRED ACCOUNTS


Apportioned Sewer Assessments Not Due $66.58 ........ Apportioned Sidewalk Assessments Not Due .... 2,631.18


Apportioned Betterment Assessments Not Due 21,357.49


DEBT ACCOUNTS


$3,719,000.00 Net Funded or Fixed Debt


$24,055.25


$3,719,000.00


119:


DIRECTOR OF ACCOUNTS


Apportioned Sewer Assessment Revenue:


Due 1932.


$16.64


1933


16.64


1934


16.65


1934


16.65


$66.58


Apportioned Sidewalk Assessment Revenue:


Due 1932


$551.75


1933


493.71


1934


417.41


1935


310.94


1936


256.55


1937


231.02


1938


187.31


1939


130.83


1940.


34.00


1941


17.66


2,631.18.


Apportioned Betterment Assessment Revenue:


Due 1932


$3,838.46


1933


3,630.20


1934


2,764.10


1935


2,370.42


1936


2,255.90


1937


2,250.31


1938


2,174.36


1939


1,866.46


1940


103.64


1941


103.64


21,357.49'


$24,055.25


Inside Debt Limit:


City Hall Addition Loans


$86,000.00


Public Building Loan


44,000.00


Garage Loan


40,000.00


Additional Fire Equipment Loan


78,000.00


Sewer Loans


65,000.00


Highway Loans


446,000.00


Bridge Loan


17,000.00


School Loans


2,218,000.00


$2,994,000.00*


Outside Debt Limit:


Police Station Loan


$225,000.00


Northern Traffic Artery Loan


400,000.00


School Loan


100,000.00


725,000.00


$3,719,000.00


120


ANNUAL. REPORTS


TRUST AND INVESTMENT ACCOUNTS


Trust Funds, Cash and Securities :


In Custody of Treasurer $45,242.48


Investment Funds, Cash and Securities :


In Custody of Treasurer 74,985.74


$120,228.22


121


DIRECTOR OF ACCOUNTS


Public Welfare Funds:


Olive C. Cummings Fund


$1,751.45


School Funds :


S. Newton Cutler Fund


5,322.22


Sarah W. Fox Fund


401.38


Caroline O. Baker Fund


300.00


J. Frank Wellington Fund


2,000.00


Library Funds :


Buffum Memorial Fund


1,000.00


Thomas J. Buffum Fund


2,020.00


Eunice M. Gilmore Fund


2,000.00


Isaac Pitman Art Fund


4,665.75


Isaac Pitman Book Fund


1,166.45


Francis A. Wilder Children's Fund


100.00


Martha R. Hunt Book Fund


14,105.25


Martha R. Hunt Art Fund


1,299.77


S. Newton Cutler Fund


1,064.45


Sarah L. Graves Fund


400.00


J. Frank Wellington Fund


4,000.00


Recreation Funds :


Mary A. Haley Fund


3,645.76


$45,242.48


Investment Funds:


Municipal Building Insurance Fund


$20,184.28


Retirement Fund


54,801.46


74,985.74


$120,228.22


122


ANNUAL REPORTS


REPORT OF THE TREASURER AND COLLECTOR OF TAXES


Somerville, Mass., April 1, 1933.


To the Honorable, the Mayor and the Board of Aldermen of the City of Somerville :


Gentlemen :


I herewith present the annual report of the City Treasurer and Collector of Taxes for the year 1932.


Respectfully submitted,


JOSEPH L. MURPHY,


City Treasurer and Collector of Taxes.


123


TREASURER AND COLLECTOR OF TAXES


CASH STATEMENT


Receipts


$10,234,880.14


Cash Balance


Jan. 1, 1932 381,606.64


Dec. 31, 1932 .. 403,666.07


$10,616,486.78


$10,616,486.78


The Assessors' warrant for the tax levy, assessed upon polls and property April 1, 1932, the Motor Vehicle Excise and Old Age Assistance Tax Warrants amounted to $5,218,985.83.


Real Estate Valuation:


Land


$27,148,950.00


Buildings


89,091,550.00


$116,240,500.00


Personal


7,045,000.00


Total Valuation


$123,285,500.00


At rate of $40.10


4,943,748.55


Polls, 31,785 at $2.00


63,570.00


Street Sprinkling


48,751.56


Total on polls and property


$5,056,070.11


Assessments :


Apportioned Betterments


$3,838.46


Unapportioned Betterments


454.34


Apportioned Sidewalk


551.75


Unapportioned Sidewalk


620.88


Apportioned Sewer


16.64


Interest Apportioned Ass'ts.


1,418.90


Interest Unapportioned Ass'ts.


51.49


$6,952.46


Motor Excise:


Commitment 1


$65,502.37


2


46,979.32


3


8,299.80


4


3,321.77


$124,103.26


Carried forward


$5,187,125.83


1


Payments


$10,212,820.71


Cash Balance


124


ANNUAL REPORTS


Brought forward ...... $5,187,125.83


Old Age Assistance Tax:


Commitment 1


31,205.00


2


401.00


3


124.00


4


125.00


5


5.00


$31,860.00


Total Commitment by Assessors


$5,218,985.83


TAXES


1928 $1.97


1929 $2,144.69


1931 $31,413.51 $1,187,264.11


1932


Total


Balance December 31, 1931


$1,220,824.28


Committed, 1932


22.00 $5,007,318.55 5,007,340.55


Refunds


293.00


2,760.44


Recharged


3.71


10.02


4.00


20.08


1,828.51 .26


4,881.95 38.07


Total charges


$5.68


$2,154.71


$31,710.51 $1,190,066.63 $5,009,147.32 $6,233,084.85


Collected


$173.79


$13,848.87 $1,046,785.19 $2,973,628.31 $4,034,436.16


Abated


$5.68


662.00


481.61 8,488.00


9,748.73


22,588.69


33,486.71


Tax Title Account


85,499.06


93,937.06


Total credits


$5.68


$835.79 $1,318.92


$22,818.48 $1,141,982.98 $2,996,217.00 $4,161,859.93 $8,892.03 $48,083.65 $2,012,930.32 $2,071,224.92


Balance December 31, 1932


..


TREASURER AND COLLECTOR OF TAXES


125


1930


MOTOR VEHICLE EXCISE TAXES


1932


Balance December 31, 1931


1929 $10,687.64


1930 $14,707.30


1931 $31,279.73 212.88


$124,103.26 2,548.06


Total $56,674.67 124,316.14 2,750.12


Refunds ..


202.06


Recharge


42.89


29.91


72.80


Total charges


$10,687.64


$14,750.19


$31,724.58


$126,651.32


$183,813.73


Collected


$371.51


$1,530.61


$15,066.07


$87,637.69


$104,605.88


Abated


2.00


506.23


4,497.71


5,005.94


Total credits


$371.51


$1,532.61


$15,572.30


$92,135.40


$109,611.82


Balance December 31, 1932


$10,316.13


$13,217.58


$16,152.28


$34,515.92


$74,201.91


ANNUAL REPORTS


126


Committed, 1932


....


127


TREASURER AND COLLECTOR OF TAXES


OLD AGE ASSISTANCE TAX


1931


1932


Total


Balance December 31, 1931


$10,119.00


Committed, 1932


11.00


$31,860.00


$10,119.00 31,871.00


Refunds


9.00


1.00


10.00


Total charges


$10,139.00


$31,861.00


$42,000.00


Collected


$4,014.00


$22,424.00


$26,438.00


Abated


427.00


.......


427.00


Total credits


$4,441.00


$22,424.00


$26,865.00


Balance December 31, 1932


$5,698.00


$9,437.00


$15,135.00


128


STREET SPRINKLING ASSESSMENTS


1929


1930


1931


1932


Total


Balance December 31, 1931


$8.12


$319.04


$15,129.94


$15,457.10


Committed


$48,751.56


48,751.56


Refunds


4.50


63.72


68.22


Recharge


1.84


1.84


Total charges


$8.12


$320.88


$15,134.44


$48,815.28


$64,278.72


Collected


$175.56


$13,657.96


$29,266.47


$43,099.99


Abated


26.58


29.58


193.80


249.96


Tax Title Account


118.74


1,299.30


1,418.04


Adjustments


8.12


8.12


Totals credits


$8.12


$320.88


$14.986.84


$29,460.27


$44,776.11


Balance December 31, 1932


..


$147.60


$19,355.01


$19,502.61


ANNUAL REPORTS


..


. .


... ...


BETTERMENT ASSESSMENTS


Balance December 31, 1931 Committed


Highway 1931 $2,014.68


Sidewalk 1931 $2,016.77


Sidewalk 1932


Totai


$995.03


$4,031.45 $995.03


Total charges


$2,014.68


$2,016.77


$995.03


$5,026.48


Collected


$523.64


$968.03


$1,491.67


Apportioned


1,036.70


427.86


1,464.56


Committed to 1932 taxes


454.34


620.88


1,075.22


Totals credits


$2,014.68


$2,016.77


$4,031.45


Balance December 31, 1932


$995.03


$995.03


..


..


TREASURER AND COLLECTOR OF TAXES


129


130


ASSESSMENTS IN TAXES .1930


Balance December 31, 1931 Committed


Highway App'd. $34.93


Hlighway Unapp'd. $116.72


Committed Interest


Total


$22.24


$173.89


Total charges


$34.93


$116.72


$22.24


$173.89


Collected


$34.93


$16.70


$51.63


Tax Title Account


116.72


5.54


122.26


Total credits


$34.93


$116.72


$22.24


$173.89


.......


..


ANNUAL REPORTS


ASSESSMENTS IN TAXES 1931


Highway App'd.


Sidewalk App'd.


Sidewalk Unapp'd. $619.95


Sewer App'd. $16.64


Interest $721.92


Total


Balance December 31, 1931


$2,123.24


$197.69


Adjustments


6.94


56.92


$3,679.44 63.86


Total charges


$2,130.18


$254.61


$619.95


$16.64


$721.92


$3,743.30


Collected


$1,967.85


$216.86


$481.33


$16.64


$634.77


$3,317.45


Tax Title Account


162.33


30.81


81.70


87.15


361.99


Adjustments


6.94


56.92


63.86


Total credits


$2,130.18


$254.61


$619.95


$16.64


$721.92


$3,743.30


TREASURER AND COLLECTOR OF TAXES


131


132


ASSESSMENTS IN TAXES, 1932


Committed


Highway $4,292.80 1,531.91


Sidewalk $1,172.63 439.44


Sewer $16.64


Interest $1,470.39 589.88


Total $6,952.46 2,561.23


Collected


Balance December 31, 1932


$2,760.89


$733.19


$16.64


$880.51


$4,391.23


ANNUAL REPORTS


WATER DEPARTMENT ACCOUNTS


Metered


Commercial Metered


Service Maintenance Assessments


Additional


Total


Balance December 31, 1931 Committed


$4,715.81 253,066.40 1.50


$7,067.10 198,284.84


$777.77 3,873.91 2.00


$955.94


$60.45 167.12


$12,621.13 456,348.21 3.50


Refunds


Total charges


$257,783.71


$205,351.94


$4,653.68


$955.94


$227.57


$468,972.84


Collected


250,416.12


197,761.54


3,677.66


955.94


167.32


452,978.58


Abated


197.95


181.20


18.00


397.15


Total credits


$250,614.07


$197,942.74


$3,695.66


$955.94


$167.32


$453,375.73


Refunds


15.88


2.00


17.88


$250,598.19


$197,942.74


$3,693.66


955.95


167.32


$453,357.85


Balance December 31, 1932


7,185.52


7,409.20


960.02


60.25


15,614.99


Committed January 1933


24,840.54


18,655.25


43,495.79


$32,026.06


$26,064.45


$960.02


$60.25


$59,110.78


..


TREASURER AND COLLECTOR OF TAXES


133


134


DEPARTMENTAL ACCOUNTS FOR COLLECTIONS


Balance Dec. 31, 1931


Committed


Total


Abated


Collected


Balance


Health Department


$2,710.74


$14,089.82


16,800.56


53.08


3,044.66


13,702.82


Insp. Milk & Vinegar


363.00


2,237.00


2,600.00


2,318.00


282.00


Sanitary Department


517.43


400.00


917.43


102.55


814.88


Sanitary Bldgs.


625.35


625.35


523.00


102.35


Highway Maintenance


253.24


3,466.17


3,719.41


222.45


3,417.38


79.58


Welfare Misc. (Com. of Mass.)


23,673.55


161,912.98


185,586.53


2,548.94


122,938.97


60,098.62


Welfare Miscellaneous


53,614.98


113,986.04


167,601.02


2,194.85


33,355.62


132,050.55


Welfare, City Home


1,204.99


7,778.38


8,983.37


4,847.69


4,135.68


School Department


7,849.68


26,665.87


34,515.55


5,942.24


20,133.82


8,439.49


School Buildings


198.05


198.05


198.05


Old Age Assistance


37,485.24


37,485.24


207.00


37,238.24


40.00


Soldiers' Relief


.75


751.70


752.45


590.05


162.40


Contagious Hospital


10,034.36


10,969.00


21,003.36


848.50


6,620.36


13.534.50


$100,222.72


$380,565.60


$480,788.32


$12,017.06


$235,328.39


$233,442.87


ANNUAL REPORTS


..


..


135.


TREASURER AND COLLECTOR OF TAXES


TEMPORARY LOANS


In Anticipation of Revenue


Balance from 1931


$1,300,000


Revenue Notes of 1932


$3,800,000 200,000


(Renewals)


4,000,000


5,300,000


Paid during 1932


3,100,000


Balance December 31, 1932


$2,200,000


136


ANNUAL REPORTS


The funded debt December 31, 1932 was $3,626,000.00 class- ified as follows :


Beyond limit fixed by law


Within limit


Total


Lowell Street Bridge at 31/2 per cent


$17,000.00


Sewer at 31/2 per cent


10,000.00


Sewer at 4 per cent


44,000.00


Sewer at 41/4 per cent


11,000.00


Highway at 4 per cent


196,000.00


Highway at 41/2 per cent


250,000.00


City Hall Addition at 4 per cent


8,000.00


City Hall Addition at 41/4 per cent


70,000.00


Public Buildings at 4 per cent


24,000.00


Public Buildings at 41/2 per cent


20,000.00


Schoolhouse at 4 per cent


445,000.00


High School at 31/2 per cent


450,000.00


High School at 4 per cent


476,000.00


Southern Junior High School at 31/2 per cent ..


51,000.00


Southern Junior High School at 4 per cent ..


427,000.00


Western Junior High School at 31/2 per cent ....


71,000.00


Western Junior High School at 4 per cent.


270,000.00


Municipal Garage at 43/4 per cent


40,000.00


Fire Department Equipment at 434 per cent


78,000.00


Northern Traffic Route at 41/2 per cent


$350,000.00


Elementary School at 4 1/2 per


cent


93,000.00


Police Station at 514 per cent ....


225,000.00


$668,000.00 $2,958,000.00 $3,626,000.00


137


TREASURER AND COLLECTOR OF TAXES


YEARLY BOND MATURITIES WITH INTEREST


Date Due


Principal


Interest


Total


1933


$334,000.00


$147,050.00


$481,050.00


1934


333,000.00


133,235.00


466,235.00


1935


326,000.00


119,542.50


445,542.50


1936


302,000.00


106,151.25


408,151.25


1937


302,000.00


93,601.25


395,601.25


1938


281,000.00


81,447.50


362,447.50


1939


280,000.00


69,890.00


349,890.00


1940


229,000.00


58,370.00


287,370.00


1941


208,000.00


49,137.50


257,137.50


1942


207,000.00


40,725.00


247,725.00


1943


154,000.00


32,990.00


186,990.00


1944


131,000.00


26,938.75


157,938.75


1945


131,000.00


21,506.25


152,506.25


1946


130,000.00


16,073.75


146,073.75


1947


122,000.00


10,716.25


132,716.25


1948


57,000.00


6,057.50


63,057.50


1949


46,000.00


3,792.50


49,792.50


1950


45,000.00


1,985.00


46.985.00


1951


6,000.00


212.50


6,212.50


1952


2,000.00


47.50


2,047.50


$3,626,000.00 $1,019,470.00 $4,645,470.00


138


BOND INTEREST DUE IN 1933


January


April 297.50


July


October


Total


Lowell Street Bridge


Sewer


360.00


928.75


360.00


772.50


2,421.25


Highway


3,920.00


5,625.00


3,920.00


5,062.50


18,527.50


Buildings


770.00


160.00


690.00


80.00


1,700.00


Schoolhouse


3,300.00


5,600.00


3,000.00


5,280.00


17,180.00


City Hall Addition


1,647.50


1,647.50


3,295.00


High School


17,395.00


17,395.00


34,790.00


Northern Traffic Route


7,875.00


7,875.00


15,750.00


Southern Junior High School


8,540.00


892.50


8,540.00


840.00


18,812.50


Western Junior High School


6,642.50


6,572.50


13,215.00


Elementary School


2,092.50


2,092.50


4,185.00


Municipal Garage


950.00


902.50


1,852.50


Police Station


5,906.25


5,512.50


11,418.75


Fire Department Equipment


1,852.50


1,472.50


3,325.00


$41,141.25


$33,613.75


$40,320.00


$31,975.00


$147,050.00


ANNUAL REPORTS


BONDS DUE IN 1933


January


July


October


Total $1.000.00


Sewer


6,000.00


14,000.00


Highway


32,000.00


57,000.00


Buildings


4,000.00


6,000.00


14,000.00


Schoolhouse


15,000.00


12,000.00


43,000.00


City Hall Addition


8,000.00


8,000.00


High School


61,000.00


61,000.00


Northern Traffic Route


50,000.00


50,000.00


Southern Junior High School


3,000.00


24,000.00


27,000.00


Western Junior High School


4,000.00


15,000.00


19,000.00


Elementary School


7,000.00


7,000.00


Municipal Garage


2,000.00


2,000.00


Police Station


15,000.00


15,000.00


Fire Department Equipment




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