USA > Massachusetts > Essex County > Merrimac > Town Annual Report of the Officers of the Town of Merrimac 1963 > Part 6
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John Coggin, Jr.
A. B. Boston University 1957
5
Soc. Studies (Jr.H.S.) Louis A. Porcelli Soc. Studies (Jr.H.S.) Francis J. Ferreira, Jr.
Social Studies Daniel K. Mulcahy
Soc. Studies (Jr.H.S.) Paul F. Ostrowski Soc. Studies (Jr.H.S.) Minas J. Dakos History
Joseph Sherry.
B. S. Boston College 1942
Math., Dept. Head
Nathaniel Mann, III
Mathematics Arnold G. Zins
Mathematics Walter B. Drescher
Mathematics
Mathematics
Raymond L. MacNeil Gordon D. Yates
B. S. Eastern Michigan University
Resigned 6/30/63 Began 9/1/63 2
Social Studies Dept. Head
Carl R. Marshall
Resigned 6/30/63
5
3 -
Resigned 6/30/63 Began 9/1/63 Began 9/1/63 Began 9/1/63 10 - Began :9/1/63
4 4 1 Resigned 6/30/63 15
TOWN OF MERRIMAC
2
General Science
B. S. Mass. College of Pharmacy 1959
B. S. Ed. Boston University 1958 B. S. Ed. Salem Teachers College 1960 M. Ed. Arizona State University M. Ed. Salem State College 1963 B. A. Boston University 1961
A. B. Hamilton College 1950 B. A. Amherst College 1954
M. Ed. Salem Teachers College Boston University
Position
Name
Training
Total Yrs. Experience
Mathematics Mathematics Math., Phys. Ed. Commercial,
Malcolm S. Beaton
A. B. University of R. I. 1961
2
William F. Carrow
A. B. Merrimack College 1962 M. P. E. University of Arkansas
Began 9/1/63
Louise E. Mills
B. S. Ed. Salem Teachers College M. Ed. Boston University
38
Dept. Head Commercial
Ralph E. Hull
B. S. Boston University 1956 M. Ed. Boston University
Resigned 6/30/63
Commercial
Peter H. O'Connor
B. S. Ed. Salem State College 1963
Began 9/1/63
Commercial
Diane Deladurantaye
B. S. Merrimack College 1963
Began 9/1/63
Industrial Arts, Dept. Head
Robert B. Hawes, Jr.
B. S. Ed. Northeastern University
3
Industrial Arts, Woodworking
James D. Schultz
B. S. Fitchburg State College 1961
2
Industrial Arts, Mech. Drawing Industrial Arts, Mech. Drawing
Arlo Collins
B. S. Northeastern University
Resigned 6/30/63
John T. Stewart
B. S. Ed. Fitchburg State College 1961
Home Economics
Carol L. Derro
B. A. Regis College
Home Economics
Sallie S. Gates
B. S. University of Massachusetts 1962 B. M. Boston Univ. College of Music
B. M. Boston Univ. College of Music B. S. Ed. Lowell State College 1958
Instr. Music & Band Vocal Music Art
Frank T. Esile
Carolyn Whitehead
B. S. Ed. Mass. College of Art 1962
Art
Howard Rosenberg
B. S. Massachusetts College of Art
Art William E. Berry B. F. A. Mass. College of Art 1959
Librarian
Ruth N. Parker
A. B. Coker College 1942
6
16
SCHOOL REPORT
Began 9/1/63 5 1 Resigned 6/30/63 6 4 1
Resigned 6/30/63 2
1
Frank J. Conway
Fred W. Hilse, Jr.
Music
Wayne L. Killian
17
TOWN OF MERRIMAC
ANNUAL REPORT OF THE SUPERINTENDENT 1963
To The School Committee:
For the first time, the report of your Superintendent will be oriented to some of the economic aspects of educa- tion. Certainly, education is not concerned with economics alone, but the relationship of education to economic bene- fits has not attained the emphasis that it should. Education for intellectual development and for informed minds, lofty terms to be sure, suffers financial limitations which will prevent its full achievement unless the eco- nomics of education are realized. A bit further on, this relationship as seen by economists will be developed more fully for the individual and the nation.
FISCAL IMPLICATIONS
Our schools are operated for the common good, not for profit. Obviously the purposes of the common good are more difficult to define and are subject to various criticisms depending on the values one holds. Regardless of what position one takes on education we know that it costs a lot of money. Careful estimates for the future indicate that it will cost even more. Those who would
18
SCHOOL REPORT
keep spending down feel they are "saving" money. Is this position sound? If education is a capital investment in human resources, an investment which pays about 10% annually as determined by economists, do we dare offer less than a quality education program? Will not the bitterness of poor quality remain long after the sweetness of low price is forgotten? Are not we shortchanging our children by depriving them of a quality education?
TECHNOLOGICAL CHANGE AND AUTOMATION
If we examine the effects of technological change and automation about us, we can see the remaking of the economy of this country whether we approve of these changes or not. There is no question that the life we know will change. We know that even now although thousands of jobs are being wiped out annually, thereby causing much unemployment, there are thousands of jobs unfilled for the lack of qualified workers. If we examine the chart showing the Technological Changes and Auto- mation, (see Figure 1) we will see the growing demand for professionally and technically trained workers and the declining need for farm workers and laborers. Our child- ren, pupils today and tomorrow, are going to enter the labor market in a time when the uneducated, untrained and unskilled will not be wanted. They will be unwanted and unemployable. Is this what we want for our children ? This may be their fate unless we educate them and pro- vide a quality education at that.
19
TOWN OF MERRIMAC
FIGURE 1
Occupational Distribution of Workers
PERCENT OF ALL WORKERS
5
10
15
20
25
30
35
40
1900
4.39
1920
5.4
1940
7.5
PROFESSIONAL AND TECHNICAL
1950
8.6
1960
11,2
1975
14.0
1900
37.5
1920
27.0
1940
17.4
FARM
1950
11.8
1960
8.1
1975
5.3
1900
12.5
1920
11.6
LABORERS (INDUSTRIAL)
1940
9.4
1950
6.6
1960
5.5
1975
4.4.
10
15
20
253035 40
SOURCES
Data for 1900-50 from Kaplan, David L., and Casey, M. Claire. Occupational Trends in the United States, 1900 to 1950. U.S. Department of Commerce, Bureau of the Census, Working Paper No. 5. Washington, D.C .: Government Printing Office, 1958. Table 2, p. 7. Data for 1960 and 1975 from the U.S. Department of Labor, Bureau of Labor Statistics.
ACTUAL 1900-60 AND ESTIMATED 1975
20
SCHOOL REPORT
IMPORTANCE OF EDUCATION NATIONALLY
Economists from the time of Adam Smith to Ricardo, Mill, Marshall to John Kenneth Galbraith have recognized the role that education plays in the creation of wealth. Only recently have these relationships been tied to eco- nomic productivity in communities and nations. We will examine just two recent economists' viewpoints to get the impact of the conclusions of the men who make critical decisions.
Theodore W. Schultz, former head of the Depart- ment of Economics of the University of Chicago, was one of the first to become interested in the wide differences between economic inputs and outputs. In his presidential address at the 1960 meeting of the American Economic Association, Schultz stated :
"Although it is obvious that people acquire useful skills and knowledge, it is not obvious that these skills and knowledge are a form of capital, that this capital is in substantial part a product of deliberate investment, that it has grown in Western societies at a much faster rate than conventional (nonhuman) capital, and that its growth may well be the most distinctive feature of the economic system. It has been widely observed that in- creases in national output have been large compared with increases of land, man-hours, and physical re- producible capita. Investment in human capital is probably the major explanation for this difference."
Among appraisals of recent studies of the economic importance of investment in education is that of Swearin- gen, dean of the College of Business of Oklahoma State University. He offers the following review:
21
TOWN OF MERRIMAC
"Many studies . .. show that the return on the invest- ment in education pays economic dividends of approx- imately 10 percent with none of the costs allocated to consumption and with no consideration given to the cultural, political, and social benefits of education.
These studies, in my opinion, grossly underestimate the value to society of education. They place a value on only those qualities which affect the life-time earnings of the individual. They overlook many factors which I believe to be very important. Just to list a few, what is the value to society of having: educated civic workers, educated mothers, educated neighbors, improved race relations (which seems to be related closely to educa- tion), reduction of poverty with consequent reduction in crime, mothers with some leisure time while their children are in school, the satisfaction which comes from developing one's talents during the educational process, and educated citizenry in the event of war, a citizenry that is literate, and a higher rate of economic growth for our society ?
Note that any study which begins as an attempt to measure only those aspects of education which result in changes in the income of the individual will of neces- sity omit all of the foregoing benefits of education and many more. Nevertheless, even the studies which have focused only on the increased life earnings of the in- dividual compared to the costs of education (both properly discounted) have shown that the return on the investment in education (human capital) is equal to or greater than the return on investment in physical capital."
22
SCHOOL REPORT
SOCIAL.COST OF INADEQUATE SCHOOLING
The evidence is compelling that lack of schooling and poor schooling are associated with such social problems as low earning capacity, unemployment, rejection from mili- tary service, and dependence upon public relief in its various forms. This is not to claim education alone can completely eliminate such major social liabilities. How- ever, it appears that one of the priorities that must be included in a realistic program to eliminate, or at least sharply reduce, the mounting numbers on relief rolls is adequate educational opportunity for every child in the United States. This requires that there be a first-rate school available to every child, with a program fitted to his needs and capacity. There is the additional fiscal con- sideration that it will probably cost less to provide ade- quate schooling for all than to pay for the rising relief expenditures, which are at least in part due to lack of such schooling.
EDUCATIONAL RETURNS TO THE INDIVIDUAL
"What is the rate of return to the individual solely from investment in education?" One effort to answer this complex question was made by Gary S. Becker for the National Bureau of Economic Research.
Vaizey summarizes the findings of Becker as follows: "Becker calculated that for white urban males with high school education the return on educational costs, including income foregone, was 14.3 per cent in 1939, and 19.2 per cent after adjusting the income data for mortality and unemployment. For college education, from 1940 to 1955, adjusted for race, ability, unemploy- ment and mortality, the return was 12.5 per cent be- fore tax."
Another economist, Sidney C. Sufrin, draws the following conclusion from Becker's study :
23
TOWN OF MERRIMAC
"In short, Becker finds that without regard to other than economic values, e. g., personal satisfactions and enjoyments deriving from college educations, and with- out the consideration of indirect economic effects, e. g., technological improvements made possible by a more skilled and knowledgeable fraction of the population, college education payoff about equals business invest- ment payoff."
Another way of showing the value of an education to the individual can be seen in Figure 2, showing estimated earnings over a lifetime.
FIGURE 2
Estimated Earnings from Age 18 to Death and Years of Schooling Completed
ELEMENTARY
Less than
8 years
$129,764
8 years
$181,695
HIGH SCHOOL
1-3 years
$211,193
4 years
$257,557
COLLEGE
1-3 years
$315,504
4 years
$435,242
or more
NOTE
The above data are based on arithmetic mean for males, 1958.
SOURCE
Miller, Herman P. "Annual and Lifetime Income in Relation to Education." American Economic Review 50: 21; December 1960.
In the above examples we have seen the economic benefits of more education.
24
SCHOOL REPORT
CONCLUSION
From every point of view, education is of paramount concern to the national interest as well as to each in- dividual. For the nation, increasing the quality and avail- ability of education is vital to both our national security and our domestic well-being. As a nation we can rise no higher than the standard of excellence of our public schools. As President Eisenhower stated, "Our schools are strong points in our national defense. Our schools are more important than Nike batteries, more necessary than our radar warning nets, and more powerful even than the energy of the atom."
To the individual, education yields over a period of time a high return which quite exceeds the original invest- ment. Knowledge and skill represent a capital invest- ment. These assets can be converted to monetary values. In view of the fact that the educated are more employable and will continue to remain so, that their assets are more flexible than many other assets and that the educated have a higher earning rate, we must strive to provide the quality education demanded of tomorrow's workers.
From the above it is logical to conclude that the sacrifices a community makes in terms of concern, money, planning and work for schools are investments not expenses. With a knowledge and understanding of these factors it would follow that a new wave of urgency and enthusiasm for education will ensue.
Respectfully submitted, JOHN C. JAKOBEK
Superintendent of Schools
25
TOWN OF MERRIMAC
ANNUAL REPORT PENTUCKET REGIONAL SCHOOL 1963
To the Selectmen and the Citizens of Groveland, Merrimac and West Newbury:
The Pentucket Regional District School Committee submits the following report for 1963. During 1963, 35 meetings of this Committee were held to implement the will of the people. In addition to the regular meetings, there were various hearings, sub-committee meetings and consultations regarding the various aspects of operating this school and the planning of additional school facilities.
Early in the year this Committee proposed, and the townspeople approved, the amendment to the Regional School Agreement providing for the payment of all future amortization costs on a per pupil basis. With the approval of this amendment, this Committee proceeded to study the building needs for the immediate future. An archi- tect was retained to supply competent engineering and architectural services. An Advisory Building Committee of nine people was named to assist the School Committee with its decisions. Those named to this Committee were:
From Groveland:
Philip Lawrence, B. H. Darke, James Anderson
From Merrimac:
Wilfred G. Journeay, Richard E. Smith, Lincoln Walker
From West Newbury :
Raymond S. Dower, Jr., Robert R. Marshall, Warren R. Thomson
26
SCHOOL REPORT
In February this Committee authorized a $68,500.00 bond (note) issue to secure a site and prepare plans for the proposed junior high school building. The voters in the communities approved the bond issue. The proposed site adjacent to the present property was purchased. The Committee continued its planning.
In October this Committee authorized a $2,000,000.00 bond issue for a 7, 8 and 9th grade junior high school for 750 pupils with 32 teaching rooms and two physical education spaces. This decision was reached after all considerations were given to pupil enrollments, present and future, and present and future economic values for the communities. It was considered by this Committee to be the best cost-quality investment. The bond issue vote was carried only by the Town of Groveland.
Since then, this Committee has been working toward reducing the total amount of money needed to build the facilities we need. It is the intent of this Committee to submit another proposal to solve our pupil housing problem in the near future.
PLATOONING
With an estimated Fall enrollment of over 1,000 pupils (in a school constructed for 800), plans were studied to effect a platooning system. After due consider- ation, a plan evolved to have Grades 9-12 in school from 7:25 a. m. to 1:30 p. m. and Grades 7 and 8 in school from 11:05 a. m. to 5:05 p. m. In September the overlapping sessions described above were put into effect.
27
TOWN OF MERRIMAC
TEACHERS
Competition for trained qualified teachers continues unabated and may be increasing. The importance of the master teacher is being recognized in the schools. This condition has prompted many school systems to give sizable increments to their staff members in order to retain them. Their salaries have been increased to induce new teachers to join their school systems.
Although we have increased our salary level, the in- crements have not kept pace with those in other commun- ities. This has resulted in a sizable turnover. Every effort will be made to reduce this rate of teacher turn- over. This will not be easy.
We are encouraged by the many people that have given us of their time and talents to make this a better school. We are dismayed by our inability to convey to you the seriousness of the school housing shortage. We look forward to solving our educational housing problem soon.
Respectfully submitted, BARBARA A. GOVE, Chairman FRANCIS A. BARTLETT DONALD R. BEATON PAUL B. CONDON RAYMOND E. EMMERT JAMES J. GILMORE CARL G. OLSON JOHN M. SHANAHAN JUDITH E. SILVIA
28
SCHOOL REPORT
1963 - 1964 SCHOOL CALENDAR PENTUCKET REGIONAL HIGH SCHOOL
1963
September 3, 4 Teachers' Workshop
September 5, Thursday
Schools open
September 18, Wednesday General Teachers' Meeting (9:30 a. m.) No morning session
October 16, Wednesday Essex County Teachers' Meeting No School
October 23, Wednesday General Teachers' Meeting (1:30 p. m. No afternoon session
November 11 ,Monday Schools closed - Observance of Veterans' Day
November 12, Tuesday Elementary - No School Parent-Teacher Conferences
November 20, Wednesday General Teachers' Meeting (9:30 a. m.) No morning session
November 27, Wednesday
Schools close at end of school day for Thanksgiving
December 2, Monday
Schools open
December 20, Friday
Schools close at end of school day for Christmas Holidays
29
TOWN OF MERRIMAC
1964
January 2, Thursday Schools open
January 15, Wednesday General Teachers' Meeting (1:30 p. m.) No afternoon session
February 12, Wednesday General Teachers' Meeting (9:30 a. m.) No morning session
February 21, Friday
Schools close for Winter vacation
March 2, Monday
Schools open
March 18, Wednesday
General Teachers' Meeting (1:30 p. m.) No afternoon session Schools closed - Good Friday
March 27, Friday
April 8, Wednesday
General Teachers' Meeting (9:30 a. m.) No morning session Schools close for Spring vacation Schools open
April 17, Friday April 27, Monday May 20, Wednesday
June 12, Friday
General Teachers' Meeting (1:30 p. m.) No afternoon session Pentucket Regional High School Baccalaureate Pentucket Regional High School Graduation
June 14, Sunday
June 18, Thursday All Elementary Schools Close June 19, Friday Pentucket Regional School Closes
184 days - Pentucket Regional School
Approved - May 7, 1963
30
SCHOOL REPORT
PENTUCKET REGIONAL SCHOOL BUDGET FOR 1964
GENERAL CONTROL:
1963 Appropriation
1963 Expenditures
1964 Request
School Committee Expense
$ 300.00 $
165.53 $
350.00
State Audit
270.00
137.68
175.00
Treasurer's Salary
1,000.00
1,000.00
1,200.00
Accountant's Salary
600.00
600.00
600.00
Treasurer's & Accountant's Expense 200.00
236.06
150.00
Supervisor of Attendance
250.00
205.00
250.00
Secretarial Services
3,800.00
3,684.54
3,900.00
Office postage, supplies, repairs
800.00
804.26
799.50
Telephone
150.00
149.70
150.00
Superintendent's Salary
7,000.00
7,000.00
7,000.00
Travel (including out-of-state)
300.00
300.00
300.00
Advertising & contingencies
850.00
608.98
750.00
$ 15,520.00 $ 14,891.75 $ 15,624.50
EXPENSES OF INSTRUCTION:
Administrators' Salaries
$ 18,400.00 $ 18,017.74 $ 18,900.00
Administrators' and Instructional Travel
1,385.00
1,039.37
1,300.00
Teachers' Salaries
284,501.00
284,251.64
334,844.00
In-Service Training
500.00
199.17
500.00
Association Memberships
174.00
98.00
174.00
Clerical Salaries
7,934.00
8,713.10
9,900.00
Postage, forms, printing, supplies
1,500.00
1,337.07
1,800.00
Textbooks
8,430.00
7,866.28
8,015.00
General Supplies
9,742.00
10,052.28
12,441.00
Homemaking
1,000.00
943.78
1,100.00
Science
4,500.00
4,434.17
1,600.00
Guidance
1,477.00
1,543.74
1,477.00
31
TOWN OF MERRIMAC
Physical Education
1,103.00
774.86
784.00
Industrial Arts
5,700.00
5,839.75
5,900.00
Audio-Visual Aids
2,179.00
2,004.37
2,026.00
Art
1,328.00
1,340.73
1,550.00
Music
587.00
564.76
731.00
Business Education
.00
.00
1,000.00
Date Processing Machine
Rental
See CAP. OUTLAY - Administration
3,022.00
$350,440.00 $349,020.81 $407,064.00
OPERATION OF SCHOOL PLANT:
Janitorial Salaries
$ 25,934.00 $ 23,776.35 $ 28,604.00
Telephones
1,400.00
1,521.96
1,500.00
Janitorial Supplies
3,300.00
2,810.04
3,300.00
Fuel
7,700.00
5,894.07
7,000.00
Water, Gas, Electricity
8,500.00
9,005.40
8,500.00
$ 46,834.00 $ 43,007.82 $ 48,904.00
MAINTENANCE OF SCHOOL PLANT:
Upkeep of Grounds
$ 4,070.00 $
3,988.57 $
4,100.00
Upkeep of Building
3,200.00
2,606.92
2,500.00
Replacement of Typewriters
900.00
825.00
900.00
$ 8,170.00 $
7,420.49 $
7,500.00
AUXILIARY AGENCIES:
Library
$ 4,992.00 $
4,592.38 $
2,500.00
Health
4,683.00
4,373.07
5,279.00
Adult Education
1,000.00
155.00
500.00
Driver Education
2,900.00
2,463.19
3,100.00
Summer School
1,000.00
625.00
1,000.00
Transportation
37,500.00
39,714.58
47,132.00
Insurance
4,139.00
4,840.15
4,459.00
Essex County Retirement
3,600.00
4,951.82
5,600.00
Police Duty
.00
.00
600.00
$ 59,814.00 $ 61,715.19 $ 70,170.00
32
SCHOOL REPORT
CAPITAL OUTLAY:
Administration
$ 3,600.00 $
3,593.58 $
.00
Music
750.00
722.10
225.00
Health
430.00
.00
.00
Audio-Visual
1,708.00
931.20
1,000.00
Industrial Arts
363.00
318.15
2,605.00
General Equipment
996.00
914.04
1,133.00
Foreign Language
130.00
129.50
160.00
Reading
.00
286.00
Social Studies
.00
325.00
$ 7,977.00 $
6,608.57 $
5,734.00
DEBT SERVICE:
Interest on Bonds
Payment on Principal
$ 54,535.00 $ 54,535.00 $ 50,722.50 100,000.00 100,000.00 100,000.00
$154,535.00 $154,535.00 $150,722.50
INTEREST ON BORROWED
MONEY :
$ 1,000.00 $
751.27 $
1,200.00
NON-CLASSIFIED:
Athletics
$ 6,263.00 $
5,785.81 $ - 7,505.00
Assembly Programs
300.00
253.45
350.00
$ 6,563.00 $
6,039.26 $
7,855.00
GRAND TOTAL
$650,853.00 $643,990.16 $714,774.00
PENTUCKET REGIONAL SCHOOL DISTRICT
Cost Assessment According to the Regional Agreement for the Year 1964 TOTAL BUDGET $714,774.00 150,722.50 Amortization Operation 564,051.50
CALCULATIONS
Amortization $150,722.50 Less State Construction
Grants, etc. 79,140.33
$ 71,582.17
Operation Less Estimated Receipts $ 32,236.67
$564,051.50
& Transfer from Excess & Deficiency 2,623.00
34,859.67
$529,191.83
$ 71,582.17 529,191.83
Total to be raised by assessment
$600,774.00
CALCULATIONS OF ASSESSMENTS FOR AMORTIZATION
GROVELAND MERRIMAC WEST NEWBURY
% of Equalized Evaluation $71,582.17 x 31.3456 = $ 22,437.86 $71,582.17 x 39.7264 = $ 28,437.02 $71,582.17 x 28.9280 = $ 20,707.29
$ 71,582.17
TOWN OF
MERRIMAC
33
PENTUCKET REGIONAL SCHOOL DISTRICT (continued)
CALCULATIONS OF ASSESSMENTS FOR OPERATION
Enrollment No.
%
% of Equalized Valuation
1/2 of Total
Operational Costs
Share of Oper. Costs Based on
2/3 of Dif. TOTAL
Based on Orig. Agreement Per Pupil %
GROVELAND
423
41.9227
31.3456
36.6342 x $529,191.83 = $193,865.19 plus $18,657.54 = $212,522.73
MERRIMAC
377
37.3637
39.7264
38.5450 x $529,191.83 = $203,977.00
- $ 4,167.56 = $199,809.44
WEST NEWBURY 209
20.7136
28.9280
24.8208 x $529,191.83 = $131,349.64
- $14,489.98 = $116,859.66
$529,191.83
TOTAL ASSESSMENTS BY TOWNS
Groveland
Merrimac
West Newbury
Amortization Operation
$ 22,437.86
$ 28,437.02
$ 20,707.29
212,522.73
199,809.44
116,859.66
$234,960.59
$228,246.46
$137,566.95
34
SCHOOL REPORT
35
TOWN OF MERRIMAC
PENTUCKET REGIONAL SCHOOL DISTRICT TREASURER'S REPORT RECONCILIATION OF CASH
Cash Balance January 1, 1963 Receipts
$118,723.92
Assessments to the Towns
$536,853.00
Comm. of Mass. Reimbursements
97,108.75
U. S. Government Grants
11,311.73
Payroll Deductions
78,745.44
School Lunch Program Fund
49,683.06
Athletic Program Fund
3,173.45
Tuition
2,012.50
Rent
307.00
Miscellaneous Revenues
3,506.25
Refunds
5.95
Sale of Revenue
Anticipation Loans
205,000.00
Sale of Serial Issue Loan
68,500.00
$1,056,207.13
$1,174,931.05
Expenditures
Maintenance & Operation
$489,455.16
Amortization - Debt & Interest
154,535.00
Payroll Deduction Payments
78,745.44
School Lunch Program Fund
52,303.43
Athletic Program Fund
1,788.66
P. L. No. 874
477.45
Revenue Anticipation Notes
205,000.00
School Planning Fund
51,312.06
$1,033,617.20
Cash Balance December 31, 1963
$ 141,313.85
36
SCHOOL REPORT
Receipts
Town Assessments:
Groveland
$201,809.22
Merrimac
199,212.01
West Newbury
135,831.77
$536,853.00
Comm. of Mass. Reimbursements :
Construction
$ 61,710.50
Transportation
35,398.25
$ 97,108.75
U. S. Government Grants :
P. L. No. 874
$. 8,277.00
P. L. No. 85-864
3,034.73
$ 11,311.73
Payroll Deductions:
Credit Union
$ 542.00
Federal Withholding Tax
50,606.95
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