USA > Massachusetts > Worcester County > Milford > Town Annual Report of the Officers of the Town of Milford, Massachusetts 1945 > Part 6
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The treatment works have continued to operate satis- factorily.
-
144
Fourteen (14) house connections were laid during the year, making the total number of premises now connect- ed to the sewer 2020. The total length of sewers is now twenty-six and nine-tenths (26.9) miles.
ALFRED F. MARTIN
GEORGE F. C. COOPER GUIDO SABATINELLI
FINANCIAL REPORT FOR THE YEAR 1945
Appropriation
$7,371.60
Salaries and Wages:
Alfred F. Martin, Supt.
$2,028.77
Labor
4,433.23
Commissioners' Salaries
650.00
Clerk's Salary
253.00
7,365.00
Balance
$6.60
Appropriation
$1,941.00
General Expense:
Milford Electric Light Co.
$578.74
Worcester Suburban Light Co.
319.86
Fitzpatrick and Serrano
193.61
Ralph P. Hall
181.16
Robert Costa Co.
149.05
New England Tel. Co.
115.50
Hub Wire Cloth Co.
95.38
Rosenfeld's Garage
36.75
Milford Water Co.
34.55
145
Charles Hallgren and Sons
31.70
B. J. Clancey 30.90
Ray's Auto Repair 32.40
T. E. Morse 23.49
Oliver Robinson 16.50
Milford Daily News
13.50
Wm. H. Casey 11.38
G. A. Phillips 10.00
L. N. Jaques 8.85
Cahill's News Agency
8.07
J. L. Moschilli 8.00
J. Daddario and Co.
7.28
Justin McCarthy
6.74
Nash Milford Co.
6.00
Pacific Flush Tank Co.
5.58
Barney Coal Co.
5.00
Huff Machine Works
3.00
E. O. Rose 2.16
Leon Zocchi Co.
1.95
F. A. Gould Co. 1.78
Seaver's Express Co.
.72
Rubenstein Elec. Supply Co.
.50
$1,939.90
Balance
$1.10
ALFRED F. MARTIN, GEORGE F. C. COOPER, GUIDO SABATINELLI, Board of Sewer Commissioners.
146
Report of the Chief of Police
To the Board of Selectmen:
Gentlemen: I have the honor to report the follow- ing duties performed by the Police Department for the year 1945:
Total Arrests
140
Males
132
Females
8
Juveniles
3
Dismissed
27
Filed
18
Fined
32
Guilty
108
Held for Grand Jury
4
House of Correction
27
Not Guilty
27
Probation
11
R. W. A.
3
State Farm
7
Suspended Sentence
14
Assault and Battery
8
Assault with Dangerous Weapon
1
Disturbing the Peace
3
Drunkenness
49
Failure to Support Parents
1
Forgery
1
Larceny
15
Neglect of Children
2
147
Non-Support 6
Profane Language
1
Trespassing 2
Wilful Destruction of Property
1
Accidents investigated
77
Aiding Out-of-Town Officers
42
Auto Violations
44
Calls for Ambulance
11
Injured in Accidents
97
Insane Commitments
9
Killed in Accidents
3
Leaving Scene of Accident
6
Operating to Endanger
2
Operating under Influence
7
Red Lights Answered
546
Respectfully submitted,
JOHN J. MOLONEY, Chief.
To the Honorable Board of Selectmen
and the Voters of Milford ::
The Police Department respectfully submits the fol- lowing report for the year ending December 31, 1945.
POLICE DEPARTMENT - SALARIES AND WAGES Total Appropriation
$25,779.00
Expenditures:
Chief
$3,300.00
Patrolmen
18,720.00
Special Officers
363.58
Clerk
1,300.00
Total Expenditures
$23,683.58
Balance
$ 2,095.42
148
MAINTENANCE OF TRAFFIC SIGNALS AND LIGHTS
Total Appropriation
$500.00
Expenditures:
Worcester Suburban Elec. Co. $288.92
Niro & Niro Co. 43.20
R. W. LeBaron, Inc. 9.48
Total Expenditures $341.60
Balance
$158.40
POLICE DEPARTMENT - GENERAL EXPENSES
Total Appropriation
$2,000.00
Expenditures:
Ahearn's Amoco Station $200.04
American Oil Co. 205.75
Becker & Co. 8.50
Cahill's News Agency
1.60
Clancey, B. J.
77.70
Clarke Printing Co.
14.50
Clark, Chester R. 12.00
Debbie's Luncheonette
2.09
Department of Public Safety .60
Eastman Kodak Co.
50.16
Faurot, Inc. 4.09
Folmer Graftex Corp. 66.23
Gardella's Pharmacy 1.29
Hancock Paint & Varnish Co. 30.20
Hannaford's Town Hall Sta. 108.39
149
Jean's Photo Studio 6.03
Joe's Auto Body Co. 18.00
Lombardi's Socony Station 4.00
McArdle, H. B. 36.03
Milford Daily News
5.63
Milford Hardware, Inc.
7.00
Milford Hotel, Inc.
11.45
Milford Locksmith
.50
Milford Post Office
6.00
Minn. Mining & Manuf. Co.
9.30
Nash Milford Co.
67.70
Nelson Motor Co.
51.06
New England Tel. & Tel. Co.
289.72
Railway Express Co.
3.22
Rental of Garage
60.00
Rosenfeld's Garage
162.88
Ruhan Signs
7.50
Seaver's Express
.70
South Main St. Garage
117.20
State Prison
42.67
Stetson, M. D.
32.68
Werber & Rose
2.50
Zocchi, Leon
78.75
Total Expenditures $1,803.66
Unexpended Balance $ 196.34
150
Report of Vernon Grove Cemetery Trustees
INCOME
Balance on hand January 1, 1945
$685.90
Appropriation
2,500.00
Interest from Perpetual Care Fund
646.67
Sale of Lots
435.00
Care of Lots
432.00
Interments
548.00
Special Services
36.00
Markers
51.00
Sale of Old Equipment
5.00
Perpetual Care Fund
1,700.00
$7,039.57
EXPENDITURES
Paid to Town Treasurer
$3,212.00
Salary of Secretary
300.00
Labor
2,625.30
Clarke Printing Co. 7.00
Postage and Telephone
.86
Town of Milford (Highway Dept.)
52.50
W. W. Watson & Son
21.00
The American Cemetery
5.00
Fred A. Gould 52.60
Milford Hardware Co.
3.94
Varney Bros. Sand and Gravel Co. 40.75
· Moore Bros. 45.00
151
Huff Machine Works
29.70
Leon Zocchi Co. 26.73
James Dewolfe
7.00
Charles F. Leonard
11.60
W. Atlee Burpee Co.
42.50
T. J. Nardi H. M. Curtiss Coal Co.
9.83
$6,502.19
Balance
537.38
$7,039.57
Special Appropriation for Power Mower (unexpended) $110.00
Improvement and Repairs to V. G. C. Avenues (Balance)
$495.05
Eastman and Corbett
$67.55
A. Taylor
201.00
Leon Zocchi Co.
108.75
$377.30
Balance $117.75
TRUSTEES
E. Robinson 1946 A. L. Maynard 1947
F. E. Cook 1946 H. S. Eldredge 1947
C. W. Bouck 1948
H. V. Larson 1948
8.88
152
Report of Sealer of Weights and Measures
January 1, 1946.
To the Honorable Board of Selectmen:
Gentlemen:
I herewith submit my report as Sealer of Weights and Measures for the year ending December 31, 1945.
All places of business in the Town of Milford were visited by me after notifying by public notice, as the Law requires, that all scales, measures, pumps, etc., would be sealed without fees, if brought to my office.
SCALES, MEASURES, ETC., SEALED
Adj. 1
Seal
Cond.
Platform Scales, over 10,000 lbs.
4
Platform Scales, over 5,000 lbs.
1
2
Platform Scales, over 100 lbs.
12
48
2
Counter Scales, over 1004bs.
3
6
Counter Scales, under 100 lbs.
26
96
2
Beam Scales, over 100 lbs.
1
5
Beam Scales, under 100 lbs.
1
Spring Scales, over 100 lbs.
3
Spring Scales, under 100 lbs.
7
34
Computing Scales, under 100 lbs.
1
1
Personal Weighing Scales
12
Prescription Scales 7
·
153
Avoirdupois Weights
111
Apothecary Weights
55
Vehicle Tanks
12
1
Liquid Measures
8
Gasoline Measuring Pumps
69
9
Oil Measuring Pumps
3
Grease Measuring Devices
32
Cloth Measuring Devices
1
Sealing Fees
$133.65
Paid Town Treasurer, Benjamin J. Clancey
$133.65
EXPENDITURES
Sealer's Salary
$840.00
Main St. Battery Station
15.10
Transportation
150.00
L. N. Jacques & Sons
7.50
Cahills News Agency
23.25
Balance on Hand
4.15
Thanking the Honorable Board of Selectmen and the public for the assistance given me during the past year.
Respectfully submitted,
DANIEL J. O'BRIEN, Sealer of Weights and Measures.
154
Town Hall Department, 1945
Salary Appropriation
$2,170.00
John O'Connor $2,100.00
Edward Duggan
70.00
$2,170.00
Expense Appropriation
$2,425.00
Transferred from Reserve Fund
100.00
Transferred from Reserve Fund 143.56
$2,668.56
Boston Janitors Supply Co., Inc.
$12.90
Cahill's News Agency 9.50
Clancey, Benjamin J. 8.06
Clarke Printing Co.
1.50
Dolge, C. B. Co.
8.25
Frieswick, Oliver
32.68
Gardella's Pharmacy
1.56
H. M. Curtiss Coal Co.
1,050.39
Holcomb, J. I. Mfg. Co.
12.95
Home Laundry Co.
3.10
Krzcenk, Stanley
7.00
M. D. Stetson Co.
7.66
Milford Daily News
7.88
Milford Electric Light & Power Co. 337.49
Milford Gas Light Co. 21.22
Milford Locksmith 2.50
Milford Water Co. 160.91
Niro & Niro Co. 37.01
155
Perkins & Butler, Inc.
14.54
Perron, S. H.
4.00
Power, William
29.20
Railway Express Agency
1.08
Rubenstein Electrical Supply Co.
16.50
Sabatinelli, Guido
245.00
Stewart, C. & Sons, Inc.
500.00
U. S. Sanitary Specialities
71.50
Zocchi, Leon
63.68
$2,668.06
Balance .50
Respectfully submitted,
JOHN O'CONNOR, Custodian.
156
Report of Soldiers' Relief Agent
To the Board of Selectmen and Citizens:
The Selectmen last year, after conference with the Finance Commission and in consideration of the rapidly mounting increase in the Soldiers' Relief Department, ap- pointed the undersigned as full-time Agent, to handle all matters pertaining to servicemen or their dependents. A new office was set up, divorcing all Soldiers' Relief mat- ters from the office of the Town Clerk, thus giving ap- plicants for assistance or advice the privacy to which they are entitled.
During the year this department checked 174 cases, divided as follows: Civil War, 1; Spanish War, 4; World War 1, 24; World War II, 145. In every instance, including those on the list of recipients, and all applying for as- sistance, banks and factories were checked in an effort to locate other resources, and these investigations resulted in a saving to the town of a considerable amount of money which otherwise would have been expended on cases not legally qualified to receive assistance. The Veterans' Bu- reau in Boston and Washington were also carefully checked in connection with pensions, resulting in an addi- tional saving of town funds. As an example of what care- ful investigation can do I wish to call your attention to the fact that in 1944 the total for all forms of Soldiers' Relief was $25,583.48, while in 1945 the total was $21,125.40-a saving of $4,458.08 for the taxpayers. This saving was not achieved by niggardliness in the assistance of worthy cases, but was the result simply of weeding out applicants who had sufficient private resources to make them inelig- ible for town assistance.
157
With the ending of the war office work has more than double. Veterans come here for advice in regard to their insurance, G. I. loans, bonus blanks and assistance in fill- ing out same and many other matters. Nearly 1000 local veterans are home from the war, and your Agent has made photostatic copies of the discharge papers of nearly all of them. I wish to assure all veterans and their de- pendents that they may feel free to call on me for any ad- vice or assistance, and I will cheerfully co-operate with them in any problems with which they are confronted. I desire to thank the Selectmen, the Finance Committee, local banks and factories for their assistance during the past year. Herewith is appended the financial report of this department:
RECEIPTS SOLDIERS' RELIEF
Appropriation
$27,000.00
Cancelled Checks 45.00
$27,045.00
SOLDIERS' RELIEF - GENERAL EXPENSES
Cash Aid to various persons
$11,695.00
Aleknas, M. J.
23.00
Arnold, A. C., Inc.
3.00
Ashkins, Dr. J. I.
68.50
Atlantic Marine Furniture Co.
44.10
Barney Coal Co.
177.40
Beth Israel Hospital
109.89
Bowker Clothing Co.
60.00
Brockton Shoe Store
22.90
Bullard, Raymond
15.00
Cahill's News Agency
32.95
Campbell, Dr. Kleber
28.00
Capece, Dr. N. J.
287.25
158
Cattani Oil Co.
183.52
Cicchetti, Dr. J. R.
19.00
Claflin Hill Hospital
84.00
Clarke Printing Co.
43.80
Clark & Shaughnessy Co.
47.43
Cleary, Dr. John
25.00
Coffin, R. W. & Son
37.92
Colabello, Mrs. Alfred
15.00
Community Fuel Co.
4.50
Curran's Express Co.
1.03
Curtiss, H. M. Co.
69.56
Davoren's Pharmacy
124.93
DePasquale, Arthur
3.00
DiPietro, Celia
15.00
Dugan, Vincent I.
2.00
District Nursing Assn.
21.00
Dorenbaum, Dr. Myron
38.00
Emedey, Dr. H. L.
5.00
Fine, Dr. Jacob
100.00
Framingham Com. Hospital
8.50
Framingham Union Hospital
36.00
Frieswick, Oliver
2.10
Frye, Walter S.
8.80
Fuchs, Dr. Jacob
80.00
Gallagher, Dr. J. V.
116.25
Gardella Pharmacy
116.57
Goodman, Dr. Joseph
10.00
Green, M. F., Store
103.99
Hobbs & Warren Co.
3.17
Home for Italian Children
1,001.00
Hopedale Coal & Ice Co.
171.14
Iannitelli, Alex
105.00
Johnson Office Supply Co.
1.49
Lahey Clinic
46.65
Lally, Dr. F. H.
39.00
Lenares, Dr. J. E.
355.25
Levy, Dr. P. E.
78.00
159
Liberty Typewriter Co.
27.50
Malatesta, Mrs. Grace
240.00
Marble, Dr. H. B.
52.00
Marvin Shoe Co.
5.00
Mastroianni, Dr. N. A.
324.25
Milford Daily News
9.00
Milford Federal Savings & Loan Assn.
168.00
Milford Hospital
701.95
Milford Locksmith
.50
Money, J. W.
98.00
Moore, Ruth E.
7.00
Morin's Studio
5.00
Moschilli, Dr. F. L.
21.50
Natick, Town of
12.00
Neilan's Drug Store
32.63
Nigro, Dr. Mario R.
7.50
North Main Market
30.00
O'Brien's Oil Service
106.90
O'Meara, Dr. J. W.
5.00
Optical Co., Framingham
52.90
Pantano, Mrs. Delfina
240.00
Park Pharmacy
8.25
Pascoe, George T., Co.
3.11
Phil & Co.
6.98
Photo Record Corp.
143.67
Plains Pharmacy
13.93
Postindex Co.
30.85
Power, William L.
2.75
Provost, Lillian G.
39.00
Public Oil Co.
43.10
Rice, J. Allen & Co.
52.45
Rose, E. O. & Son
.50
Rowe, Dr. L. B.
2.00
Royal Typewriter Co.
1.75
St. Vincent's Hospital
5.00
Salls, Dr. F. H.
5.00
Sargeant, Joseph F.
18.00
160
Scruton, A. F.
30.00
Shaughnessy, Wilfred
2.00
Shaw, Dr. H. W.
15.00
Smith, Dr. E. F.
185.50
Stony Crest Dairy
87.36
Sweet, A. H. Co., Inc.
11.60
Swift, John E.
5.00
Teed, Dr. Roy W.
11.00
Telephone Co., N. E.
60.07
Town Hall Service Station
81.15
Trautwein & Sons
159.83
Vitalini, B.
20.40
Ward Stationers
2.25
Wood Products Co.
8.50
Worcester, City of
145.20
Zocchi, Leon, Co.
4.24
Total expenses
$19,084.15
Unexpended balance
$7,960.85
WAR ALLOWANCE
Receipts
Appropriation
$3,000.00
Cancelled checks
7.00
Total
$3,007.00
Expenditures
Cash aid to various persons
$476.50
Ashkins, Dr. Joseph
40.00
Capece, Dr. N. J.
122.75
Cleary, Dr. John
25.00
Crockett, Dr. E. G.
25.00
Fine, Dr. Jacob
200.00
Framingham Community Hospital
8.50
161
Fuchs, Dr. Jacob
110.00
Gallagher, Dr. J. V.
71.75
Lahey Clinic
59.00
Lenares, Dr. J. E.
105.75
Levy, Dr. P. E.
55.00
Mastroianni, Dr. N. A.
279.00
Milford Hospital
374.00
Moschilli, Dr. Frank
37.50
Plains Pharmacy
12.00
Smith, Dr. E. F.
29.50
Total Expenditures
$2,031.25
Balance
$975.75
MILITARY AID
Receipts
Appropriation
$150.00
Expenditures
000.00
Balance
$150.00
STATE AID
Receipts
Appropriation
$100.00
Expenditures
10.00
Balance
$90.00
AGENT'S SALARY AND EXPENSES
Receipts
$1,800.00
Appropriation
Expenditures 1,800.00
Respectfully submitted,
FRED J. COLEMAN, Soldiers' Relief Agent.
162
Town Counsel's Report
In 1945, 58 notices of tax taking of properties for un- paid real estate taxes were prepared at the request of the Tax Collector as compared with 65 in 1944, and 78 in 1943. No instruments of taking were prepared during 1945 as compared with 6 in 1944 and 15 in 1943. Two tax sales deeds were drawn for the Collector for non-payment of real estate taxes, which the Town bought in at the sale.
Redemption or disclaimer releases in 11 tax titles were drawn in 1945 as against 10 in 1944 and 6 in 1943.
Notice of 7 new claims for personal injuries or prop- erty damage against the Town were received in 1945 as compared with 5 in 1944. Six claims were settled without suit being brought. No suits for damages were filed in 1945. One case in the district court is pending. The case against the Town for damages for alleged breach of garb- age contract was tried in the superior court and a finding was made in favor of the Town. A suit in the superior court for damage caused by blasting was settled without trial.
Four cases with Boston and Worcester, involving wel- fare aid, are still pending in the superior court.
Two petitions for mandamus were filed, one against the Board of Registrars of Voters and one against the Board of Health, in 1945. The case against the Board of Registrars was handled by independent counsel, the Town Counsel having a personal interest in a third party who was joined as the real defendant in the proceeding. This case was finally disposed of. The case against the Board of Health was heard by an Auditor, and was argued be- fore the superior court on his report, where it is now wait- ing for decision.
163
Two bonds and mortgages were drawn and executed for old age assistance recipients, and 4 discharges were drawn and executed at the request of the Board of Public Welfare.
Numerous written opinions have been given to various Town Departments, with copies to other boards interest- ed, deeds and leases covering Town conveyances, con- tracts between the Town and third parties, releases in all disposed of claims and the various documents necessary in submitting the Zoning Board's report to the Attorney General for approval, have been prepared and executed.
An itemized list of the cases which have been dis- posed of, with the location and date of the same, is ap- pended hereto.
Respectfully submitted,
WILLIAM A. MURRAY, Town Counsel.
December 31, 1945.
DAMAGES TO PERSONS AND PROPERTY
An itemized list of the expenditures made from the . appropriation "Damages to Persons and Property" is as follows:
Amount appropriated
$1,500.00
EXPENDITURES
Mary Moran, Spruce Street,
November 1, 1941-P. I. (suit) (balance) $100.00
Blanche Abell, Congress Street, June 22, 1944-P. I. 181.00
George Salmond, Water Street, January 7, 1945-P. D. 15.00
Helen I. Moynihan,
blasting damage (suit) 190.00
164
Nora Gilroy, Exchange Street,
February 2, 1945-P. I. 100.00
Nora Ford, Main Street, March 2, 1945-P. I. 75.00
Mary Perrone, Highland Street, March 2, 1945-P. D. 15.00
Jennie Espanet, Congress Street, March 30, 1945-P. I. 40.00
Joseph Porter, Pleasant Street,
June 17, 1944-P. D. 15.50
Joseph E. Lenares, M.D.,
medical examination 5.00
John V. Gallagher, M.D.,
medical examination 5.00
John J. Mullan, Jr.,
Acting Registrar of Deeds
2.00
John J. Mullan, Jr.,
Acting Registrar of Deeds 2.00
745.50
Amount Forward $754.50
Witness fees-Covino vs. Town of Milford
Alice Fitzpatrick $ 3.50
Arthur Chambers 16.70
Louis Marino 3.50
Michael Bibbo
16.70
Frank Calzone 16.70
Massachusetts Assn' of City Solicitors
and Town Counsels, annual dues 1945 10.00
67.10
Unexpended balance $687.40
165
REPORT OF EXAMINATION OF THE Milford Municipal Contributory Retirement System
Milford, Massachusetts
Hon. Charles F. J. Harrington Commissioner of Insurance Boston, Massachusetts
Sir:
The regular triennial examination of the Milford Municipal Contributory Retirement System of Milford, Massachusetts, has been completed. A report showing the income and disbursements for the year 1944 and a statement of assets and liabilities as of December 31, 1944 is submitted herewith.
HISTORY
This system was organized under Chapter 32 of the General Laws of this Commonwealth as amended by Chapter 318 of the Acts of 1936 and became operative on July 1, 1937.
FINANCIAL STATEMENT
Income
From Members:
Regular contributions or payments:
Group I
$4,479.01
Group II
2,569.48
$7,048.49
166
From Employer:
Contributions to Pension Accumulation Fund:
Accrued liability contribution $7,688.00 Normal liability contribution 3,730.00
For guaranteed interest over earned interest 427.05
Contribution for expenses 300.00
12,145.05
From Interest:
Gross interest on:
Bonds $1,132.50
Deposits in trust companies
and banks 569.66
1,702.16
Special fund for military service credit
219.31
Gross increase, by adjustment, of bonds
200.00
Total Income $21,315.01
Ledger Assets December 31, 1943
74,873.19
Total
$96,188.20
Disbursements
Annuity payments:
Regular: Group I
$64.36
Group II 71.52
$135.88
Pension payments:
To members with prior service:
Group I
$4,215.63
Group II
943.91
5,159.54
167
Refunds:
Withdrawals from Annuity Savings Fund:
Total Deposits Total Interest
Deaths:
Group II
$939.22
$25.20
All others:
Group I
458.36
9.84
Group II
8.98
.13
1,441.73
Administrative expenses:
Salaries
$217.50
Printing and stationery
29.29
Bonding, $50.00; bank service charges, $2.67; safe deposit box, $10.00
62.67
309.46
Total Disbursements
$7,046.61
Balance
$89,141.59
Summary of Transfers Between Funds
To:
Annuity
Annuity
Pension
Savings Fund
Reserve Accumulation
From:
Interest Income
$1,173.34
Fund $16.10
Fund $677.55
Totals $1,866.99
Interest Deficiency Appropriation
427.05
427.05
Totals
$1,173.34
$16.10
$1,104.60
$2,294.04
Ledger Assets
Amortized value of bonds
$60,700.00
Deposits in trust companies and banks not on interest
464.97
Deposits in trust companies and savings banks on interest
27,340.97
Cash in office 635.65
Total Ledger Assets-Total Admitted Assets $89,141.59
168
Liabilities
Annuity Savings Fund:
Group I
$27,101.79
Group II
18,903.76
Special Fund for Military Service Credit
219.31
$46,224.86
Annuity Reserve Fund:
Group I
$277.08
Group II
242.85
519.93
Pension Accumulation Fund:
Group I
$23,280.23
Group II
19,073.52
42,353.75
Expense Fund
43.05
Total Liabilities
$89,141.59
Schedule of Membership for 1944
(a) Active Members
Members Eligible for Prior Service Credit Group I Group II
Members Not
Total
Eligible for Prior Member- Service Credit ship
Group I Group II
Membership,
M F
M F
Dec. 31. 1943
33
7
51
14
10
19
134
Enrolled during 1944
4
2
6
Total
33
7
51
18
12
19
140
Withdrawals
1
1
2
Deaths
2
2
Retirements for:
Superannuation
1
1
2
Total deductions
2
1
3
6
Membership,
Dec. 31. 1944
31
6
48
18
12
19
134
169
(b) Pensioners
Membership, · Dec. 31, 1943
8
1
4
13
Retirements for: Superannuation 1
1
2
Membership.
Dec. 31, 1944 9
1
5
15
(c) Total Membership, December 31, 1944, Including Beneficiaries Membership,
Dec. 31, 1944 40 7 53
18 12 19 149
INCOME
Regular Contributions
Deductions are made weekly by the treasurer from members' salaries. A test check was made from depart- mental payrolls to determine that deductions were made at the statutory rate and the total weekly amounts were correctly posted to the cash book. Individual deductions were then checked from payrolls to the various mem- bers' cards. The total income for the year by groups was proved by listing the full amount credited to members' control cards.
Contributions from Town
The amounts paid into the system by the town for the accrued and normal liabilities of the pension accumulation fund were in accord with the figures furnished by this Department. An amount was also paid to cover expense requirements of the system and to take care of the guaran- teed interest in excess of earned interest for the preceding year.
Interest
Income received from interest on bonds and deposits in savings banks was checked. It was noted that an ex- cess amount was paid by the treasurer of the system on one issue of bonds which will be adjusted at a later date. Special Fund for Military Service Credit
170
The amount shown under this caption was paid into the system by the town and represents the amount re- quired for credits to members in military service.
Increase by Adjustment-Bonds
Included in bonds owned are some Series "F" United States Savings Bonds. The values of these bonds are specified on their face and the amount shown in this re- port is the excess of tabular value over cost.
DISBURSEMENTS
Pension Payments and Retirement Allowances
Payments made to retired members as pensions and retirement allowances were checked through the records and found to be in agreement with amounts approved by the Department. Applications for retirement were re- ceived from retired members.
Refunds
Several members withdrew from the system during the year and the amounts paid to them as returns of ac- cumulated deductions and interest were checked to mem- bers' cards to determine that the correct amounts were paid. Applications for refunds were obtained in all cases.
Expenses
Vouchers for expenses and cancelled checks in pay- ment of same were seen and checked to the records. All vouchers were signed by two members of the board. One item of expense was for bonds covering the chairman and secretary of the board. The treasurer of the town is the third member and is covered by his town treasurer's bond.
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LEDGER ASSETS
Bonds
Bonds were counted at the safe deposit vault of a local bank in company with the treasurer who has sole access to the box. All bonds purchased since the date of the last examination were United States Savings Bonds and vouchers and cancelled checks were seen. The book value as of entry date was verified and the balance as of December 31, 1944 was proved by checking all transac- tions during the intervening period.
Cash
The cash balance on date of entry was verified by a reconciliation of the check book balance with the bank statement. The balance of this account as of December 31, 1944 was verified by tracing all cash entries during the intervening period. A certificate was also obtained from the depository.
Savings Deposits
Deposits in various savings banks were verified by obtaining certificates from the depositories and checking with the pass books. In addition to the sevings deposits the system holds shares in a Federal Savings and Loan As- sociation. The type of investment is not legal for retire- ment systems and the town accountant was so informed.
LIABILITIES
Annuity Savings Fund
The fund is credited annually with the amount of de- ductions taken from members' salaries together with statutory interest. Listings of members' balances were made, the totals of which agreed with the ledger balances by groups. Interest is credited annually to the fund. The amounts credited to members' cards were added for each
172
of the years since the last examination and the total was found to agree with the ledger figures. A test check was placed on various cards to determine that statutory inter- est had been credited.
Annuity Reserve Fund
The balance in this fund was created and is main- tained by transfers from the annuity savings fund. In checking to see that all deductions and interest had been transferred to this fund, it was found that two members had been retired and the transfers were not made during 1944 but had been made in 1945 before date of entry of this examination. Annuities paid are charged to this fund and statutory interest is credited to it annually.
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