USA > Massachusetts > Middlesex County > Lincoln > Town Report on Lincoln 1951-1955 > Part 14
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The financial accounts of the Town Clerk were ex- amined and checked for dog and sporting licenses issued.
The surety bonds of the various Town officials required by law to furnish them were examined and found to be in proper form.
The records of the boards of Selectmen and health, of the wire, plumbing, and building inspectors, and of the school and library departments, as well as of all other departments collecting money for the Town or committing bills for collection, were examined and checked.
In addition to the balance sheet, there are appended to this report tables showing a reconciliation of the Treasurer's and the Collector's cash, summaries of the tax, motor vehicle and trailer excise, tax title, depart- mental, and water accounts, as well as tables showing the transactions and condition of the trust and invest- ment funds.
Respectfully submitted,
(s) HERMAN B. DINE, Assistant Director of Accounts.
TOWN OF LINCOLN BALANCE SHEET December 31, 1951
GENERAL ACCOUNTS Assets
Treasurer's Balance
.
General
$489,688.43
Water
6,095.08
Petty Cash
55.00
Accounts Receivable
Property Taxes
Levy of 1950
2,937.08
Levy of 1951
6,986.60
Vehicle and Trailer Excise
Levy of 1950
188.23
Levy of 1951
1,868.55
Water
Levy of 1950
140.50
Levy of 1951
722.08
Departmental
376.66
Aid to Highways
9,500.00
6,095.08
Deferred Receipts, 1951
984.51
Deferred Payments, 1951
57.42
$519,542.72
GENERAL ACCOUNTS Liabilities, Reserves and Surplus Liabilities
Unexpended Appropriations (p. 97, Report of 1951) ...... $371,785.71 1.80
Due County-Dog Licenses ..
Road Machinery Fund
2,891.16
Current Income, Trust Funds
1,131.09
Special School Funds. 304.59
Federal Grants for Welfare
3,133.53
Premium and Accrued Interest, Town Debt
2,584.12
Sub-total; Liabilities $381,832.00
Reserves
Overlay Surplus
15,185.72
For Tax Abatement
4,978.12
For Petty Cash and Accounts Receivable. ... 12,851.02
Sub-total, Reserves
$33,014.86
Surplus
General (Free Cash). 98,543.36
Water
$519,542.72
46
FINANCE
...
...
Finance
Report of State and Town Auditors
The work of the State Auditor in 1952 consisted, a; usual, of a thorough check of the Town's financial rec- ords for the preceding year, 1951, and the preparation of a statement of the Town's financial condition at the beginning of the year 1952. The Town Auditor par- ticipated in this work as an observer for part of the time that the records were being examined in Lincolr, and the trust fund securities were being examined in Boston.
The statutes provide that the "substance" of the State Auditor's report be published. In the Town Auditor's opinion, this substance is contained in the material re- produced below, consisting of a portion of the text, writ- ten by the State Auditor, and the Balance Sheet of the Town, prepared by the State Auditor but condensed by the Town Auditor. This shows the Town's condition at the beginning of 1952.
The State Auditor's report contains many details which are not reproduced below because the differences be- tween these details and those reported by Town officia s are, in the Town Auditor's opinion, of minor importance The detailed tables are available for public inspection at the Selectmen's office.
44
FINANCE
Last year it was pointed out that the Town could look forward to an increase in its Surplus Revenue (or "free cash") when the State of Massachusetts paid accrued installments of financial aid for the building constructed in 1948. These payments had not been received by De- cember 31, 1952, so five annual installments will be due in 1953. The total sum so due is estimated at about $23,000. This does not appear on the Balance Sheet.
PEARSON HUNT, Town Auditor
January 15, 1953.
Mr. Francis X. Lang Director of Accounts Department of Corporations and Taxation
State House, Boston
Sir :
As directed by you, I have made an audit of the books and accounts of the Town of Lincoln for the year end- ing December 31, 1951, and report thereon as follows:
The records of charges against appropriations as kept by the Board of Selectmen were analyzed and checked with the Town Clerk's records of appropriations and loan authorizations voted by the Town meetings and with the transfers authorized from the reserve fund by the Finance Committee. Ledger accounts were com- piled, and a balance sheet, which is appended to this report, was prepared showing the financial condition of the Town on December 31, 1951.
The books and accounts of the Town treasurer were examined and checked in detail.
The cash book additions were verified, and the cash balance on February 11, 1952, was proved by recon- ciliation of the bank balances with statements furnished
45
AUDITORS
by the banks of deposit, by examination of the savings bank books and United States Treasury bills, and by actual count of the cash in the office.
The payments made for maturing debt and interest were verified by comparison with the cancelled securities and coupons on file and with the amounts falling due.
The income, disbursements, and all other trust fund transactions were verified, and the cash balances were proved by reconciliation with statements furnished by the banks in which these funds are deposited.
The books and accounts of the tax collector were ex- amined and checked.
The records of departmental and water accounts re- ceivable were examined and checked.
The outstanding tax, excise, departmental, and water accounts were verified by 'mailing notices to a number of persons whose names appeared on the books as owing money to the Town, and the replies received thereto in- dicating that the accounts, as listed, are correct.
The financial accounts of the Town Clerk were ex- amined and checked for dog and sporting licenses issued.
The surety bonds of the various Town officials required by law to furnish them were examined and found to be in proper form.
The records of the boards of Selectmen and health, of the wire, plumbing, and building inspectors, and of the school and library departments, as well as of all other departments collecting money for the Town or committing bills for collection, were examined and checked.
In addition to the balance sheet, there are appended to this report tables showing a reconciliation of the Treasurer's and the Collector's cash, summaries of the tax, motor vehicle and trailer excise, tax title, depart- mental, and water accounts, as well as tables showing the transactions and condition of the trust and invest- ment funds.
Respectfully submitted,
(s) HERMAN B. DINE, Assistant Director of Accounts.
TOWN OF LINCOLN BALANCE SHEET December 31, 1951
GENERAL ACCOUNTS. Assets
Treasurer's Balance
General ....
$489,688.43
Water .....
6,095.08
Petty Cash
55.00
Accounts Receivable
Property Taxes
Levy of 1950
2,937.08
Levy of 1951
6,986.60
Vehicle and Trailer Excise
Levy of 1950
188.23
Levy of 1951
1,868.55
Water
Levy of 1950
140.50
Levy of 1951
722.08
Departmental
376.66
Aid to Highways ..
9,500.00
6,095.08
Deferred Receipts, 1951
984.51
Deferred Payments, 1951
57.42
$519,542.72
GENERAL ACCOUNTS Liabilities, Reserves and Surplus Liabilities
Unexpended Appropriations (p. 97, Report of 1951) ...
$371,785.71 1.80
Due County-Dog Licenses.
2,891.16
Current Income, Trust Funds
1,131.09
Special School Funds 304.59
Federal Grants for Welfare.
3,133.53
Premium and Accrued Interest, Town Debt
2,584.12
Sub-total, Liabilities $381,832.00
Reserves
Overlay Surplus
15,185.72
For Tax Abatement
4,978.12
For Petty Cash and Accounts Receivable ...
12,851.02
Sub-total, Reserves
$33,014.86
Surplus
General
(Free Cash) ... ......
98,543.36
Water
$519,542.72
FINANCE
46
Road Machinery Fund
TRUST AND INVESTMENT ACCOUNTS
TOWN BONDS
...........
...... $608,000.00
(p. 97-8, Report of 1951)
Town Treasurer:
Cemetery Funds (pp. 99-100, Report of 1951) ....................... $20,185.43
Trust Fund Commissioners (pp. 112-121, Report of 1951) ..
......... 208,441.78
deCordova Directors (p. 50, Report of 1951) .....
13,193.04
deCordova Trustees A
147,683.19 .........
B
...
1,478,249.07
deCordova Executors.
7,020.70
...
$1,874,773.21
AUDITORS
47
48
FINANCE
Treasurer's Report
During 1952 a total of $387,000 of General Funds of the Town were received from many sources. The largest items were:
Taxes paid by owners of property in Lincoln $261,000
State and Federal welfare subsidies 32,000
Lincoln's share of State Corporation and personal Income Taxes 33,000
State aid for School expenses $31,000
Expenditures for 1952 (exclusive of school construction payments) totalled $370,000. The major expenditure items were:
School operations $148,000
Highways 48,000
Debt maturities and interest 47,000.
Welfare aid 41,000
Despite the appropriation of $36,000 from Surplus by the Town for 1952 expenditures our Surplus at the end of 1952 was higher than a year earlier, totaling over $118,000, of which approximately $96,000 was "Avail- able Surplus" (free cash). This was due to substantially larger receipts than had been estimated. when setting the tax rate - more Motor Vehicle Excise taxes, State and Federal aid, interest income, etc. Also certain un- needed Reserves were transferred to Surplus by -Town. vote, and $7,000 of departmental appropriations were not spent.
For several years a considerable portion of our Surplus has been deposited in savings banks. Since this policy was adopted nearly $10,000 of interest has accumulated. in these accounts of which $2,000 was earned in 1952. Also in 1952 about $2,700 income was earned by keeping much of the unspent portions of the School Addition bor- rowing in U. S. Treasury bills.
49
TREASURER
The exact amounts of receipts, expenditures and the year-end balance sheet follows. All figures are subject to adjustment by the State auditors.
Several years ago the State adopted an assistance pro- gram for towns faced with new school building require- ments. Provided the new facilities meet the standards set up by the School Building Assistance Commission, a portion of the gross cost is paid by the State. Both the New School and the Addition have been approved as qualifying. The State subsidy is not paid in a lump sum but is spread over the period of borrowing entered into by the Town to provide the funds to build. Due to various delays the necessary documents covering the New School did not get to the Commission until late in 1952 where they are now being checked. We should receive in the next few weeks the amounts for 1949 - 1952 inclusive, and later this year the 1953 installment The annual in- stallment will exceed $4,000 Eventually we will receive nearly as much again on account of the School Addition.
The volume of work in handling the Town's finances is substantial. Unlike many towns Lincoln has no Town Accountant, and all accounting services are provided through the Treasurer's Office. In 1952 nearly 4,000 checks were drawn and distributed. Some 87 separate commercial and savings bank accounts were maintained for General Funds, the Water Department, the Cemetery Commissioners, 36 Cemetery Perptual Care Funds, and 19 trust funds. Approximately 140 persons received com- pensation from the Town and payroll records including withholding taxes, retirement funds and Blue Cross were handled for these persons. Innumerable reports of va- rious kinds were prepared and submitted to Town, County and State officials in addition to the usual amount of con- ferences and correspondence. All this work was accom- plished by two part-time persons with a small amount of extra clerical help.
FREDERICK B. TAYLOR, Treasurer
50
FINANCE
Treasurer's Report, Calendar Year 1952
January 1, Balance. ...... ........ $489,383.84
Receipts
Anti-Rabies Dog Clinic. ...... 76.00
Board of Appeals.
110.00
Board of Health
431.80
Cemetery, Digging Graves.
363.00
City of Cambridge, Taxes.
730.39
Collector of Taxes
261,525.81
Interest and Costs.
270.45
Concord Court Fines
278.55
deCordova School Equipment Trust Fund Income.
705.70
deCordova, audit refund.
100.00
Highways, Local
50.15
Machinery
200.00
Inspectors, Building, Plumbing and Wiring
488.50
Interest on Deposits.
4,8.68.01
Library Fines
305.00
Massachusetts, Commonwealth of :
Chapter 90, 1951
$5,995.62
1952
999.04
Income Tax.
14,052.77
Corporation Tax
19,086.73
Highways, Snow Removal
263.25
Licenses
8.00
Old Age Assistance
17,401.91
a/c Loss of Taxes
545.23
Meals Tax
1,332.69
School Aid, Ch 70
17,801.19
H. S. Transportation
12,915.50
Tuition of Children
633.12
Veterans' Benefits.
276.25
91,311.30
Miscellaneous, Licenses, etc.
117.50
Middlesex County, Dog Tax
736.13
Care and Killing of Dogs.
149.50
Highways, Chapter 90
4,496.83
Old Age Assistance Refunds. Recovery
1,740.01
2,059.79
Planning Board
18.00
TREASURER
51
Schools, Grammar School Fund Income
34.26
Tuition
352.00
Damage
88.00
Miscellaneous
19.50
Town Clerk, Dog Licenses.
913.60
Town Hall Rentals
61.00
U.S.A. Old Age Assistance
13,803.01
U.S.A. Old Age Assistance Adm.
581.52
U.S.A. Aid to Disabled
90.00
U.S.A. Aid to Disabled Adm.
1.16
Total Receipts. ........
$876,460.31
Payments
Selectmen's Orders (see detail) ...... ...
$654,487.67
Massachusetts, Commonwealth of :
State Parks and Reservations
541.29
Auditing Municipal Accounts ..
488.33
Middlesex County :
1952 Tax
11,324.76
Dog Licenses
910.00
Tuberculosis Hospital.
2,237.36
Total Payments.
$669,989.41
Balance in Banks
206,470.90
$876,460.31
DETAIL: OF 1952 DISBURSEMENTS
Carried Forward from 1951
1952 Income Reserved for Special Purposes®
Appro- priated in 1952
Transfer from Reserve
· Total Available for Expenditure
Amount Expended in 1952
Balance Accruing To Surplus
Balance Carried Forward To 1953
GENERAL GOVERNMENT: Selectmen
1. Salaries of Selectmen ....
2. Salary of Clerk.
1,760.00
1,760.00
1,760.00
3. Supplies and Miscel- laneous
395.00
395.00
393.34
1.66
Treasurer
4. Salaries
5. Clerical help
250.00
250.00
227.50
22.50
6. Supplies and Miscel- laneous
288.00
288.00
242.96
45.04
Collector of Taxes
1,600.00
1,600.00
1,600.00
7. Salary
8. Supplies and Miscel- laneous
400.00
400.00
298.74
101.26
Clerk
9. Salary
10. Supplies and Miscel- laneous
60.00
60.00
40.47
19.53
Assessors
11. Salaries
550.00
550.00
550.00
12. Clerical
13. Supplies and Miscel-
laneous
569.00
569.00
525.99
43.01
FINANCE
52
1
350.00
350.00
350.00
325.00
325.00
324.00
1.00
600.00
$600.00
$600.00
400.00
400.00
400.00
Carried Forward from 1951
1952 Income Reserved for Special Purposes
Appro- priated in 1952
Transfer from Reserve
Total Available· for Expenditure
Amount Expended in 1952
Balance Accruing To Surplus
Balance Carried Forward To 1953
Auditor
14. Salary
50.00
50.00
50.00
Legal
15. Counsel
500.00
500.00
500.00
Election and Registration
16. Salaries
450.00
10.00
460.00
460.00
17. Supplies and Miscel- laneous
505.00
34.94
539.94
539.94
Town House
18. Janitor
2,620.00
7.87
2,627.87
2,627.87
19. Fuel
900.00
900.00
798.12
101.88
20. Repairs
600.00
600.00
548.49
51.51
21. Supplies and Miscel- laneous
1,308.00
1,308.00
820.32
487.68
Planning Board
22. Consultant
150.00
150.00
150.00
23. Supplies and Miscel- laneous
150.00
150.00
93.23
56.77
Finance Committee
24. Supplies and Miscel- Janeous
15.00
15.00
10.00
5.00
Total for General Government
14,847.81
13,760.97
TREASURER
53
54
DETAIL OF 1952 DISBURSEMENTS - Continued
Carried Forward from 1951
1952 Income Reserved for Special Purposes
Appro- priated in 1952
Transfer from Reserve
Total Available for Expenditure
Amount Expended in 1952
Balance Accruing To Surplus
Balance Carried Forward To 1953
PROTECTION OF PERSONS AND PROPERTY
Police Department
:25. Salaries
8,845.00
8,845.00
8,473.54
371.46
26. Car
1,800.00
1,800.00
1,778.77
21.23
27. Supplies and Miscel-
laneous
4,074.00
4,074.00
4,057.01
16.99
Fire Department
28. Salaries
300.00
300.00
300.00
29. Labor at fires ..
3,500.00
3,500.00
2,982.00
518.00
30. Operation of Equipment
1,900.00
1,900.00
1,693.57
206.43
31. Supplies and Miscel- laneous ..
925.00
925.00
907.28
17.72
Tree and Moth Department
32. Insect control
2,000.00
2,000.00
1,989.99
10.01
33. Dutch Elm disease con- trol and removal ..
3,000.00
3,000.00
856.53
144.97
1,998.50
34. Poison Ivy control.
500.00
500.00
500.00
Board of Appeals
35 ... Clerical help 36. Supplies and Miscel-
·100.00
100.00
75.30
24.70
laneous
200.00
100.00
300.00
251.80
48.20
1
FINANCE
.: :
.
1
Carried Forward from 1951
1952 Income Reserved for Special Purposes
Appro- priated in 1952
Transfer from Reserve
Total Available for Expenditure
Amount Expended in 1952
Balance Accruing To Surplus
Balance Carried Forward To 1953
Inspectors of Buildings Plumbing and Wiring
37. Salaries, fees and trans- portation
500.00
88.12
588.12
588.12
38. Supplies and Miscel- laneous
50.00
50.00
50.00
Civil Defense
39. Clerical 40. Supplies and Miscel- laneous
260.00
260.00
162.50
97.50
1,240.00
1,240.00
710.05
529.95
Total for Protection of Persons and Property ........
29,382.12
25,326.46
HEALTH AND SANITATION
Board of Health
41. Salaries of Nurses ...
2,340.00
2,340.00
2,340.00
42. Supplies and Miscel- laneous
680.00
54.85
734.85
734.85
Inspector of Animals
44. Salary
100.00
100.00
100.00
Total for Health and Sanitation
3,174.85
3,174.85
TREASURER
55
56
DETAIL OF 1952 DISBURSEMENTS - Continued
Carried Forward from 1951
1952 Income Reserved for Special Purposes
Appro- priated in 1952
Transfer from Reserve
Total Available for Expenditure
Amount Expended in 1952
Balance Accruing To Surplus
Balance Carried Forward To 1953
Highways
45. Chapter 90 Construction. Chapter 90 Maintenance
8.71
10,000.00
10,008.71
6,655.81
3,352.90
3,000.00
3,000.00
2,997.12
2.88
46. Wages
13,500.00
1,341.40
14,841.40
14,841.40
47. Machinery, Repairs and Maintenance
3,550.00
836.57
4,386.57
4,386.57
Highway Machinery Fund
1,241.16
200.00
1,650.00
3,091.16
1,624.90
1,466.26
48. Supplies and Miscel- laneous
13,375.00
13,375.00
12,233.18
1,141.82
49. Street Lights
5,895,00
5,895.00
5,788.28
106.72
Total for Highways ... , .... ..
54,597.84
48,527.26
Aid to Citizens
50. Old Age Assistance ........
2,844.06
13,803.01
28,000.00
44,647.07
36,419.88
8,227.19
51. Aid to Dependent Children
115.31
500.00
615.31
192.40
307.60
115.31
52. Aid to Disabled.
90.00
2,750.00
2,840.00
2,583.10
166.90
90.00
53. Public Welfare
250.00
250.00
168.00
82.00
. 54. Old Age Assistance Adm.
167.54
581.52
600.00
1,349.06
1,231.86
34.30
82.90
55. Veterans' Aid
1,500.00
1,500.00
203.50
1,296.50
Aid to Dependent Chil- dren Adm.
6.62
6.62
2.39
4.23
FINANCE
Aid to Disabled Admin- istration
1.16 10.00
11.16
11.14
Total Aid to Citizens.
51,219.22
40,812.27
Education
56. Salaries
85,085.00
57. Transportation
16,445.00
58. Tuition and Voc. Education
29,666.00
148,472.00
148,471.77
23
59. Equipment Supplies and Miscellaneous ... New School Construction
17,276.00
365.33
365.33 368,629.68
46.45
New School Addition ......
368,629.68
300,361.73
Library
60-63. Salaries, Books, Supplies, repairs and miscellaneous
736.13 5,200.00
5,936.13
5,911.84
24.20
Total for Education.
523,403.14
454,791.79
Recreation
Ballfield and Summer Playground 64. Salaries and Wages ...
1.250.00
1.250.00
1.232.93 27.07
57
.02
TREASURER
318.88 68,267.95
58
DETAIL OF 1952 DISBURSEMENTS - Continued
Carried Forward from 1951
1952 Income Reserved for Special Purposes
Appro- priated in 1952
Transfer from Reserve
Total Available for Expenditure
Amount Expended in 1952
Balance Accruing To Surplus
Balance Carried Forward To 1953
65. Supplies and Miscel- laneous
610.00
610.00
605.50
4.50
Total for Recreation.
1,860.00
1,828.43
Cemeteries
66. Salaries, Maintenance and interments
2,550.00
2,550.00
2,498.35
51.65
67. Supplies and Miscel- laneous
117.00
117.00
32.55
84.45
68. Cemetery Permanent Improvement
885.42
885.42
885.42
.. Total for Cemeteries.
3,552.42
2,530.90
Unclassified
69. Middlesex County Pension Fund
1,546.00
1,546.00
1,545.52
.48,
70. Town Reports
1,242.15
1,242.15
1,242.15
71. Rent of Dump ...
375.00
375.00
375.00
72. Insurance
6,816.00
6,816.00
5,732.03
1,083.97
73. Rental of Hydrants.
3,135.00
3,135.00
3,135.00
74. Reserve Fund ($4,000 available)
Preservation of Town
Records
150.00
150.00
150.00
· FINANCE
A
Building Code Committee 492.00
492.00
296.75
195.25
Revision of Town
By-Laws
150.00
150.00
150.00
Speed zoning
700.00
700.00
484.29
215.71
Union Health District ....
100.00
100.00
100.00
Unpaid 1951 bills.
1,886.19
1,886.19
1,886.19
Land damages
1,500.00
1,500.00
1,500.00
Fire Station Site ....
3,000.00
3,000.00
3,000.00
Memorial Day ...
225.00
225.00
150.58
74.42
Town Report Committee
100.00
100.00
100.00
Refunds. Real Estate Tax
478.45
473.45
473.45
Motor Vehicle Tax
773.78
773.78
773.78
22,664.57
16,094.74
Town Debt
75. Bond Maturities
37,000.00 10,640.00
27,000.00
37,000.00
76. Interest on debt.
10,640.00
10,640.00
Total Debt Service ..
47.640.00
47,640.00
Grand Totals
375,855.83
16,659.05
357,353.34
2,473.75
752.341.97
654,487.67
7,006.38
90,847.97
.
TREASURER
FREDERICK B. TAYLOR, Treasurer
59
60
FINANCE
GENERAL FUND, DECEMBER 31, 1952
Assets
Concord National Bank
$40,270.82
Day Trust Company.
85,653.12
First National Bank of Boston.
3,708.82
Arlington Five Cents Savings Bank
4,626.59
Belmont Savings Bank
4,254.52
Beverly Savings Bank. 4,419.27
Boston Five Cents Savings Bank.
4,136.45
Brockton Savings Bank.
4,569.52
Brookline Savings Bank.
2,319.04
Cambridge Savings Bank
4,849.16
Charlestown Savings Bank
5,121.56
East Bridgewater Savings Bank
4,577.00
Franklin Savings Bank.
4,695.91
Home Savings Bank. 4,661.20
Institution for Savings in Roxbury
4,609.33
Lowell Institution for Savings.
2,262.23
Lynn Five Cents Savings Bank.
4,634.06
Malden Savings Bank.
2,297.79
Natick Five Cents Savings Bank.
1,183.93
Newton Savings Bank.
4 695.94
North Avenue Savings Bank.
2,346.86
Warren Institution for Savings
1,839.37
Whitman Savings Bank.
4,738.41
$206,470.90
Taxes, Interest to be Added. ......
$13,439.67
Accounts Receivable :
. State and County, Chapter 90
4,991.85
Commonwealth of Massachusetts @ O.A.A.
3,012.78
Total Assets.
$227,915.20
Liabilities and Surplus
Dog licenses, due County .. $5.40
Old Age Assistance recovery, due others
2,059.79
Road Machinery Fund
1,466.26
Federal grants for public welfare:
Old Age Assistance $8,277.19
Old Age Assistance Administration 82.90
Aid to Dependent Children.
115.31
61
TREASURER
Aid to Dependent Children Admin- istration
4.23
Aid to Disabled
90.00
Aid to Disabled Administration
.02
8,569.65
Grammar School Fund income
34.26
deCordova School Equipment Fund income
705.70
Overlay Reserves :
1951
$241.70
1952
2,163.91
2,405.61
Unexpended appropriation balances :
Elm Tree removal.
$1,998.50
Civil Defense
627.45
Chapter 90 highway construction
3,352.90
New School construction
318.88
School Addition construction
68,267.95
Cemetery improvements
885.42
Town Report Committee
100.00
Preservation of Town records
150.00
Building Code Committee
195.25
Revision of Town By-Laws
150.00
Speed zoning
215.71
Union Health District Committee
100.00
Land damages, Wildes
1,500.00
Fire station site
3,000.00
80,862.06
Overlay Surplus
13,638.33
General Funds Surplus :
Receivables reserved until collected. $21,444.30
Available Surplus ("free cash") 96,723.84
118,168.14
Total Reserves and Surplus. ...
$227,915.20
OUTSTANDING DEBT
$160,000 School Building Loan, 1$4 %, due $10,000 each December 1, 1953 - 1968, issued un- der Chapter 208, Acts of 1948.
70,000 School Building Loan, 134 %, due $5,000 each December 1, 1953 - 1958, and $4,000 each December 1, 1959 - 1968, issued un- der Chapter 44, General Laws as amended.
24,000 Highway Equipment Building Loan, 1 34 % , due $4,000 each December 1, 1953 - 1958, issued under Chapter 44, General Laws as amended.
62
FINANCE
237,000
School Building Loan, 134 %, due $13,000 each December 1, 1953 - 1961, and $12,- 000 each December 1, 1962 - 1971, issued under Chapter 356, Acts of 1951.
80,000 School Building Loan, 1 34 %, due $5,000 each December 1, 1953 - 1956, and $4,000 each December 1, 1957 - 1971, issued un- der Chapter 44, General Laws as amended.
SCHOOL MILK FUND
Balance January 1, 1952
....... $175.52
Receipts
1,728.87
$1,904.39
Payments
1,630.16
December 31, 1952, Balance on Deposit
$274.23
SCHOLARSHIP FUND
Balance January 1, 1952 ....... $129.07
Receipts
70.93
Payments
$200.00 100.00
December 31, 1952, Balance on Deposit
$100.00
WATER DEPARTMENT REPORT For the Year Ending December 31, 1952
January 1, Balance.
6,095.08
Receipts
Operating:
Rates, 1950
$100.00
Rates, 1951
729.60
Meter, 1951
14.58
Rates, 1952
21,128.02
Meter, 1952
669.27
Water Connections
2,475.00
Rent of Hydrants.
3,135.00
Miscellaneous
114.00
28,365.47 $34,460.55
63
TREASURER
Expenses
Salaries
$4,725.00
Labor
4,958.10
Meters
7,814.71
Equipment
2,717.09
Supplies and Maintenance
6,993.24
Services and Equipment Rental.
1,325.24
Power
2,701.86
Miscellaneous
387.29
Legal and Engineering
. 25.00
Stickel Suit.
1,750.00
December 31, Balance on Deposit .. ...........
33,397.53
1,063.02
$34,460.55
FREDERICK B. TAYLOR, Treasurer
CEMETERY INVESTMENT FUND Cash Account
Receipts of 1952:
Proceeds of sale of Cemetery lots.
$535.00
Interest on savings bank deposit.
186.22
$721.22
Less amount deposited in Middlesex Institution for Savings
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