USA > Massachusetts > Norfolk County > Braintree > Town annual report of Braintree, Massachusetts for the year 1947 > Part 5
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264.79
30,975.53
30,975.53 154.864.89
5,138.86
Laying New Mains Gt. Pd. West St.
264.79
264.79
264.79
Preplacing Pump Valve
13,415.12
13,415.12
13,415.12
Booster Station, New
35,500.37
35.500.37
Chlorination Sunset Lake
1,400.00
200.00
1,600.00
1,502.98
97.02
Electric Light-Maintenance
579.926.83
579,926.83
507,014.57
72,912.26
Depreciation Fund
391,348.68
57,306.59
448,655.27
160,672.22
287,983.05
Construction
Account
133,104.69
72,912.26
206,016.95
124,173.07
81,843.88
Plant Enlargement
5,500.00
5,500.00
5,500.00
Cemeteries-Supt. Salary
460.00
460.00
460.00
Plain St. Expense
1,200.00
1.200.00
978.57
221.43
Dyer Hill
50.00
50.00
50.00
Veterans Project Infirmary
2,137.32
2.137.32
1,003.02
1.134.30
INTEREST AND MATURING DEBT
Interest
12,580.00
2,962.50
15,542.50
15,069.75
472.75
Maturing Debt
34,466.10
22.533.90
57,000.00
57,000.00
Premium Water Notes
1.466.10
1.466.10
AGENCY AND TRUSTS
Income from Trust Funds
Charles H. Thayer
450.44
450.44
445.00
5.44
Ann M. Penniman
10.10
10.10
10.10
George W. Kelley
4.02
4.02
4.02
Charles F. French
48.62
48.62
48.62
Nathaniel H. Hunt
518.08
518.08
518.08
Hannah R. Hollis
2.03
2.03
2.03
Julia A. Minchin
2.13
2.13
2.13
Library Foundation
2,183.83
2,183.83
2.183.83
Post War
Rehabilitation
(Hollingsworth)
312.50
312.50
312.50
Avis A. Thayer
10.10
10.10
3.05
7.05
Joseph S. Miller Cemetery.
2.63
2.63
2.63
Post War Rehabilitation
3.406.14
3,406.14
3,406.14
Charles C. Hill
2.13
2.13
2.13
Maintenance
1,322.50
158.681.25
160.003.75
Altitude
Mains Br. Hgls.
35,500.37
1.466.10
1
62
Closed to
Balance Transfers
GENERAL GOVERNMENT
Balance 1-1-47
Appropria - tions
Receipts
Trans- fers
Refunds
Total
Expended Revenue etc. 12-31-47
Out
James W. Colbert Trust
562.37 581.44
562.37 581.44 5.26
562.37 581.44 5.26
. .
Henry H. Musick
5.26
State Tax and Assessments
Smoke Inspection Service. .
82.77
82.77
Charles River Basin 1946.
50.64
50.64
50.64
Metropolitan Parks Reser-
611.24
611.24
611.24
Nantasket Beach Reserva- tion 1946
51.19
51.19
51.19
Metropolitan Sewerage So.
3,242.29
3,242.29
3,242.29
850.49
850.49
850.49
Norfolk Count Hospital 1947
13,478.38
13,478.38
11,988.04
1,490.34 Cr
State Tax 1947
23,050.00
23.050.00
23,050.00
Auditing Municipal
Ac-
counts 1947
1.419.42
1,419.42
1,419.42
Auditing Retirement Sys- tem 1947
409.15
409.15
409.15
Smoke Inspection Service
355.89
332.79
23.10 Cr
Charles River Basin 1947.
2,769.80
2,769.80
2,579.32
190.48 Cr
Met. Parks Reservation 1947
7,511.80i
7,511.80
8,028.84
517.04 Dr
Nantasket Beach 1947
874.13
874.13
762.36
111.77
Boulevards 1947
128.80
128.80
128.79
.01
Met. Sewerage South Sys-
19,399.07
22,544.45
3,145.38 Dr
County Tax 1947
40,109.36
40,109.36
33,198.79
6,910.57
Respectfully submitted,
R. W. MAGLATHLIN
Town Accountant
63
355.89
1947
tem 1947
19,399.07'
James W. Colbert Library
82.77
vation 1946
System 1946
County Tax 1946
TOWN OF BRAINTREE Balance Sheet, December 31, 1947 GENERAL ACCOUNTS
Assets
Liabilities and Reserves
Cash
$ 722,687.97
Defense Bonds
$ 370.55
Accounts Receivables :
Withholding Tax
9,801.29
Taxes :
Overlay 1947
11,009.72
Levy of 1947 Real
62,949.34
Overlay 1946
17,596.76
Levy of 1947 Person
3,200.83
Overlay Reserve
2,880.14
Levy of 1947 Poll
88.00
66,238.17
Sale of Real Estate Funds
5,400.22
Overlay 1944
2.00
9,058.29
Overlay 1945
4.00
6.00
Dog Licenses
18.00
Tailings
3,250.33
Motor Vehicles Excise Tax, 1937
1,601.31
Federal Grants:
Special Assessments:
Unapportioned Sewer
60,522.33
Old Age Assistance Admr ..
2,131.25
10,348.71
Apportioned Sewer 1947 ...
855.85
Sewer House Conn. Unap- portioned
15,658.34
A. D. C. "118" Admr.
669.30
3,309.16
Sewer House Conn. 1947 .
375.60
Street Unapportioned
4,984.82
Street Apportioned 1947
54.20
Committed Interest 1947 ..
265.07
82,716.21
Tax Titles and Possessions:
Tax Titles
3,0,30.02
New Equipment
135.76
Tax Titles Possessions
43,011.32
46,0.41.34
New Equipment for Men. .
15.35
By-Laws on Zoning-Survey Committee 858.00
Departmental Revenue: A. D. C. "118"
5,333.29
Sewer Dept. 1947 New Con- struction
12,359.16
Welfare
1,239.18
Unexpended Appropriation Balances : Town Hall Rest Room-New Eqpt.
24.18
Police Dept. - Ambulance Reserve
1,061.63
Sale of Cemetery Lots
70.00
Old Age Assistance $8,217.46
A. D. C. "118"
$2,639.86
Sewer Receipts Reserve for Ap- propriation
64
Old Age Assistance 14,079.95 91.50
Highway Dept .- Chapter 90 Constr.
18,796.10
1945 . New Construction 850.60
Sewer
907.62
22,012.29
1947 New Construction
11,464.47
1946 New Equipment 12,000.43
State and County Aid to High- ways
5,723.25
Storrs Avenue Extension 100.00
Water Liens 1947
250.02
Shaw Street Drain 200.00
Water Dept. Rates & Services, etc.
22,171.33
Lincoln Street
1,251.43
Water Dept. Petty Cash
200.00
22,621.35
Pond Street Sidewalk
3,556.00
Electric Light Dept. Light and Power
72,578.84
Electric Light Dept. Petty Cash
200.00
72,778.84
School Lighting Account .. 15,000.00
50,100.00
10,000.00
Appropriation from Post War
Rehab. Fund
110,000.00
Loans Amortized
820,000.00
930,000.00
School Lunches Elementary.
50,000.00
Watson School Grounds
1,502.78
Metropolitan Park Recreation
1.947
517.04
Branch Survey
498.00 217.38
Toilets Sunset Lake
5,000.00
Swifts Beach Development. . 172.28
100.00
Land Taking Plot 43 Plot 57 100.00
Committee on Town Develop- ment
928.59
Cemetery Plain Street Ex- penses
221.43
Infirmary-1946 Repairs 236.65 Soldiers' Relief 1947 Aid High 150.00 School Dept. - Plans School Addition 2,652.26
65
Revenue 1948
Revenue Deficit 1947
13,417.70
30,000.00
High - New Addition .. , High - Remodeling, etc .. . School Dept .- Vocational Edu- cation State Aid .
2,000.00
Library - Toilets Highland
Metropolitan Sewerage So. Sys- tem 1947
3,145.38
3,662.42
Health
360.75
Use of Ambulance
Vernon Street 752.00
Newton Avenue
215.68
Union Village - Reserve for Ground Rent 1,440.00
Playground Equipment 142.58
Improvement
467.32
Housing Project Rental Deposits
12,228.38
920.00
Norfolk County Hospital 1747
1,490.34
Smoke Inspection Service 1947
23.10
Charles River Basin 1947 .
190.48
Nantasket Beach 1947
111.77
Boulevards 1947 .01
County Tax 1947.
6,910.57
206,344.71
Unissued Bonds
820,000.00
School Constr. from Post War Rehab. Fund
110,000.00
930,000.00
Water Dept. Surplus
14,867.50
Electric Light Dept. Depreci- ation Fund
287,983.05
Construction Account Plant Enlargement
5,500.00
375,326.93
Revenue Reserved until Collected: Motor Vehicles Excise Tax Revenue
1,601.31
Special Assessment Revenue
82,716.21
Tax Title Revenue
46,041.34
Departmental Revenue
22,012.29
State and County Highways
Aid to
5,723.25
Water Department Revenue.
22,421.35
Water Department Petty Cash
200.00
Electric Light Revenue
72,578.84
Electric Light Petty Cash ..
200.00
81,843.88
99
$2,039,606.85
Water Dept. Office -- Fire Loss Reserve Surplus Revenue E. & D. ..
202.80 186,257.15
$2,039,606.85
DEFERRED REVENUE ACCOUNTS
Apportioned Assessments Not Due:
Apportioned Sewer Assess-
ments-Revenue:
Due in 1948
$5,404.46
Due in 1949
5,341.47
Due in 1950
5,252.47
Due in 1951
4,566.88
Due in
1952
1,332.24
Due in
1953
1,187.95
Due in
1954
1,187.95
Due in 1955
1,155.95
Due in 1956
891.95
$26,321.32
Apportioned Sewer House Con- nections Revenue :
Due in 1948
3,281.00
Due in 1949
3,069.00
Due in 1950
2,888.00
Due in 1951
2,703.00
Due ni 1952
1,975.00
Due in
1953
1,665.00
Due in 1954
1,400.00
Due in 1955
1,048.00
Due in 1956
676.00
18,705.00
Apportioned Sewer ... $ 26,321.32
Apportioned Sewer House
Connections
18,705.00
Apportioned Streets
2,113.90
47,140.22
67
-
Apportioned Street Revenue:
Due in 1948
259.90
Due in 1949
253.00
Due in 1950
253.00
Due in 1951
253.00
Due in
1952
228.00
Due in 1953
228.00
Due in 1954
223.00
Due in 1955
208.00
Due in 1956
208.00
2,113.90
$47,140.22
$47,140.22
68
Net Funded and Fixed Debt. . . .
DEBT ACCOUNT
526,000.00
Water Dept. Replacing Pump
$13,000.00
Attitude Valves, etc. .. Improving System, New Mains
168,000.00
Booster Station, New Mains
Bra. Hglds.
42,000.00
Sewerage
303,000.00
526,000.00
$526,000.00
$526,000.00
.
TRUST ACCOUNTS
In Custody of Town Treasurer: Charles H. Thayer Fund .. Ann M. Penniman Fund 505.00
$20,792.54
406,638.18
George W. Kelley Cemetery Fund
200.00
Charles E. French Fund
2,443.69
Nathanial H. Hunt Fund.
24,376.99
Hannah R. Hollis Fund.
101.00
Julia A. Minchin Fund
108.29
Library Foundation Fund
13,204.74
2,550.00
Caleb Stetson Library Fund Post War Rehabilitation Fund (Hollingsworth)
51,754.61
Rachel R. Thayer Fund
175.08
Avis A. Thayer Fund
507.05
Joseph S. Miller Cemetery Fund
133.90
Stabilization Fund
90,000.00
Post War Rehabilitation
Fund 129,537.14
Charles C. Hill Cemetery
Fund
108.30
James W. Colbert Fund
28,354.03
James W. Colbert Library Fund
41,018.25
James W. Colbert Library Fund (Real Estate)
500.00
Henry H. Musick Fund
267.57
406,638.18
$406,638.18
$406,638.18
Trust Funds : Cash and Securities in Custody of Town Treas- urer
69
RETIREMENT SYSTEM
Cash and Securities
$207,482.44 Annuity Savings Fund
$118,979.13
Expense Fund
45.08
Pension Accumulation Fund
74,584.68
Annuity Reserve Fund
7,147.64
Special Fund
1,283.46
Income Fund
3,874.01
Annuity Savings Fund (Mili-
tary)
1,568.44
207,482.44
$207,482.44
$207,482.44
Respectfully submitted, R. W. MAGLATHLIN, Town Accountant.
70
Report of
Town Treasurer
JOHN W. HARDING, Town Treasurer in account with THE TOWN OF BRAINTREE
Cash Book Balance, January 1, 1947. $ 1,058,349.28
Receipts from the Collector of Taxes.
1,206,192.78
Receipts from Electric Light Department.
579,926.83
Receipts from Water Department 151,868.75
Receipts from all other sources. 1,080,513.49
$ 4,076,851.13
Paid on Selectmen's Warrants for:
Bonds, Notes and Interest.
$ 372,069.75
Electric Light Department Vouchers
631,187.64
Water Department Vouchers ..
234,755.91
All other Appropriations and Expenditures
2,116,149.86
Cash Book Balance, December 31, 1947. 722,687.97
$ 4,076,851.13
The Cash Book Balance is made up of the following items: General Town Account Balance $ 332,493.54
Water Department Balance 14,867.50
Electric Light Department Balance 87,343.88
Electric Depreciation Fund
287,983.05
OUTSTANDING FUNDED DEBT DECEMBER 31, 1947
First Sewer Loan, 31/2%, due 1948-1961.
$204,000
Second Sewer Loan, 5%, due 1948-1853
24,000
Third Sewer Loan, 31/4%, due 1948-1954
.49,000
Sewer Loan, 1%, due 1948-1952
26,000
Water Equipment Notes, 34%, due 1948-1951.
13,000
Water Mains Bonds, 11/4%, due 1948-1961
168,000
Water Construction Bonds, 11/4%, due 1948-1961.
42,000
$526,000 Funded Debt to be
Bonds and Notes
Year
Maturing
Interest
Outstanding, December 31
1947
$52,000
$12,765.00
$474,000
1949
51,000
11,528.75
425,000
1950
50,000
10,301.25
375,000
1951
50,000
9,078.75
325,000
1952
41,000
7,897.50
284,000
TAX TITLES AND TAX TITLE POSSESSIONS
Tax Titles held by Town of Braintree, Jan. 1, 1947. $ 2,430.89
Tax Titles acquired in 1947, including subsequent taxes added
· 2,242.75
Tax Titles Redeemed in 1947
1,392.81
Tax Titles Foreclosed in 1947.
250.81
Tax Titles Held, December 31, 1947
3,030.02
71
The book value of Tax Title Possessions held by the Town on December 31, 1947, was.
$43,011.32
TRUST FUND TRANSACTIONS-YEAR 1947
Fund
Principal
of Fund
Dec. 31, '47.
Balance
of Income
Jan. 1, '47
Income
Receipts
Payments
from Income
Balance
of Income
Dec. 31, '47
N. H. Hunt
$24,376.99
$518.08
$518.08
Chas. E. French ...
2,419.50
$24.19
48.62
48.62
$24.19
Ann M. Penniman ..
500.00
10.05
10.10
15.15
5.00
George W. Kelley ..
200.00
4.04
4.02
8.06
Hannah R. Hollis. .
100.00
3.05
2.03
4.08
1.00
Julia A. Minchin ..
100.00
6.16
2.13
1.00
Charles Thayer
20,329.06
458.04
450.44
445.00
463.48
Avis A. Thayer
500.00
8.95
10,10
12.00
7.05
Joseph S. Miller. .
123.66
7.61
2.63
10.24
Chas. C. Hill
100.00
6.17
2.13
8.30
Colbert School
25,000.00
2,791.66
562.37
3,354.03
Henry H. Musick
250.00
12.31
5.26
17.57
Colbert Library
40,643.76
293.05
581.44
874.49
Post War Fund for 1944
100,000.00
3,240.00
3,240.00
Post War Fund for
1945
25,000.00
1,131.00
166.14
1,297.14
Post War Fund for
Hollingsworth
50,000.00
1,442.11
312.50
1,754.61
Stabilization
Fund
(1946)
40,000.00
Stabilization
Fund
(1947)
50,000.00
TRUST FUNDS OF THE TRUSTEES OF THAYER PUBLIC LIBRARY, DECEMBER 31, 1947
Principal-Foundation Fund
$ 11,020.91
Principal-Caleb Stetson Fund
2,500.00
Principal-Rachel R. Thayer Fund
172.50
Receipts :
Cash on deposit, Jan. 1, 1947
$ 3,130.91
Income-Foundation Fund
238.00
Income-Caleb Stetson Fund
50.00
Income-Rachel R. Thayer Fund.
2.58
Income-Nathaniel H. Hunt Trust
518.08
$3,938.85
Expenditures:
Purchase of Books
$ 929.79
Maintenance and Repairs.
396.03
Cash on Deposit, Dec. 31, 1947
2,613.00
$3,938.85
1947
1947
72
Contributory Retirement System
TREASURER'S REPORT FOR YEAR 1947
Under authority of Section 31H of Chapter 318 of the Acts of 1936 the Town Treasurer is Custodian of all Funds and Securities of the Contributory Retirement System. Cash Receipts :
Cash Balance, January 1, 1947 (Retirement Fund) $ 5,111.75
Cash Balance, January 1, 1947 (Expense Fund) 178.69
Receipts for year 1947 (Retirement Fund) 49,283.74
Receipts for year 1947 (Expense Fund)
100.00
$54,674.18
Cash Payments:
Payments by vouchers of Retirement Board (Retire- ment Fund)
$ 49,075.37
Payments by vouchers of Retriement Board (Ex- pense Fund)
233.61
Cash Balance, December 31, 1947 (Retirement Fund) 5,320.12 Cash Balance, December 31, 1947 (Expense Fund) 45.08
$54,674.18
SECURITIES HELD-DECEMBER 31, 1947
$ 2,000
Atlantic City Electric Co.
31/4%
due
1964
3,000
Central Maine Power Co ..
31/2%
due
1970
5,000
Green Mountain Power Co.
3 3/4 %
due
1963
2,000
Westchester Lighting Co.
31/2%
due
1967
1,500
U. S. Savings Bonds
due
1948
15,000
U. S. Savings Bonds
21/2%
due
1953
35,000
U. S. Savings Bonds.
21/2%
due
1954
25,000
U. S. Savings Bonds
21/2%
due
1955
16,500
U. S. Savings Bonds
21/2%
due
1956
30,000
U. S. Savings Bonds.
21/2%
due
1957
3,000
U. S. Savings Bonds.
21/2%
due
1958
17,500
U. S. Savings Bonds .
21/2%
due
1959
5,000
Braintree Savings Bank
3,000 Randolph Savings Bank
4,000 South Weymouth Savings Bank
3,000 Weymouth Savings Bank
105 Shares First National Bank of Boston
195 Shares National Shawmut Bank of Boston
10 Matured Shares Braintree Co-operative Bank
10 Paid-up Shares Braintree Co-operative Bank
10 Running Shares Braintree Co-operative Bank
Series 106
10 Paid-up Shares Holbrook Co-operative Bank
5 Paid-up Shares
Lawrence Co-operative Bank
10 Paid-up
Shares Lincoln Co-operative Bank
10 Paid-up
Shares Mattapan Co-operative Bank
10 Paid-up Shares Middleborough Co-operative Bank
10 Paid-up Shares Randolph Co-operative Bank
10 Paid-up Shares Shirley Co-operative Bank
10 Paid-up
Shares South Shore Co-operative Bank
78
Series 105
10 Running Shares Braintree Co-operative Bank
Report of Tax Collector
YEAR ENDING DECEMBER 31, 1947 GEORGE H. GERRIOR, JR., Tax Collector
Balances
LEVY OF 1947
Real Estate
$1,071,851.15
Cash Receipts $1,002,868.57
Abatements Less Refunds $4,516.20
$1,517.00
$62,949.38
Sewer Betterment Apportionments
6,406.53
5,550.68
Sewer Connection Apportionments
3,884.77
3,441.89
67.28
7.45
98.78
Committed Interest
2,271.50
1,988.97
.73
265.07
Poll
13,372.00
9,204.00
4,080.00
88.00
Excise
47,509.08
45,394.61
585.16
1,529.31
Personal (Property)
41,544.57
37,920.09
423.65
3,200.83
Water Liens
330.12
70.76
9.34
250.02
$1,187,673.50
$1,106,837.12
$9,689.02
$1,534.52
$69,612.84
·
855.85 375.60
Street Betterment Apportionments
503.78
397.55
16.73
Tax Titles and Appor- Balance tionments Outstanding
74
LEVY OF 1946
Real Estate
76,387.16
75,901.88
(67.57) Refund 552.85
Sewer Betterment Apportionments
824.93
824.93
Sewer Connection Apportionments
287.38
287.38
.
Committed Interest
244.16
244.16
Poll
186.00
54.00
132.00
. .
Excise
1,574.93
1,420.59
154.34
Personal Property
962.78
911.82
50.96
$80,467.34
$79,644.76
$269.73
$552.85
.
UNAPPORTIONED AND DEFERRED
ASSESSMENTS
$119,142.89
17,354.34
191.42
20,623.10
80,974.03
Total
$1,387,283.73
$1,203,836.22
$10,150.17 **
$22,710.47
$150,586.87
Miscellaneous Income:
Interest
1,995.32
Fees
234.00
Lien Statements
194.00
Accounts Previously Abated
4.00
Total
$1,206,263.54
:
- see attached schedule for detail
75
* UNAPPORTIONED AND DEFERRED ASSESSMENTS
Balances & Commitments $74,350.72
Refunds &
Returned for Ap-
Balance
Sewer Betterment Assessments
Cash Receipts Abatements portionment Outstanding $3,898.33 $9,930.06
Sewer Connection Assessments
32,266.55
9,195.80
$172.97
7,412.45
$60,522.33 15,485.33 4,966.37
Street Betterment Assessments
10,671.62
2,406.21
18.45
3,280.59
Deferred Assessments Prepaid:
Sewer Betterment Assess.
765.00
765.00
Sewer Connection Assess.
547.00
547.00
Street Betterment Assess.
542.00
542.00
Total
$119,142.89
$17,354.34
$191.42
$20,623.10
$80,974.03
** ABATEMENTS LESS REFUNDS:
1947-Real Estate
$11,419.62
$6,903.42
Net $4,516.20
Sewer Conn. Apportionments
67.28
67.28
Committed Interest
16.73
16.73
Poll
4,142.00
62.00
4,080.00
Excise
1,403.32
818.16
585.16
Personal Property
431.05
7.40
423.65
1946-Real Estate
67.57
67.57
Poll
174.00
42.00
132.00
Excise
172.57
18.23
154.34
Personal Property
50.96
50.96
All Previous Years
34.00
34.00
Unapportioned and Deferred Assess.
209.07
17.65
191.42
Total
$18,120.60
$7,970.43
$10,150.17
(credit)
. ..
Poll
76
Abatements
Refunds
Report of Board of Assessors
WALTER B. SKINNER, Chairman
ARTHUR E. BOYNTON, Clerk NORRIS H. PINAULT
Real estate bears the burden of local taxation. As- sessed valuation is the very foundation of our taxation system. It is the responsibility of the Board of Assessors to assess all property and polls for tax purposes to raise the funds needed for the operation of the town's services. Chapter 59 of the General Laws prescribes that real estate shall be assessed at its "full and fair cash value." The assessors also must evaluate personal property such as furniture, fixtures, stock in trade, livestock and the dis- tribution system of Public Utilities; prepare warrants for motor vehicle and trailer excise; warrants for sewer; street betterments etc.
The tax rate is fixed each year on the basis of raising the necessary funds to cover the town budgets as well as certain County and State assessments.
Much property is being constructed in our town and the great number of transfers has increased the demands on this office. The growth ensuing from this increasing activity in our town is, of course, going to be reflected in increased budgets in all departments. Therefore all capital expenditures should be carefully considered and well planned with the thought that everything should be done to avoid, as much as possible, the increasing of our tax rate.
Your board is striving to the best of its ability to serve the citizens in a fair and impartial manner. Our facilities and office space are absolutely inadequate to properly carry on this great amount of work and detail which is steadily increasing.
77
We wish to pay tribute to our clerical staff for their conscientious and efficient help and to all other depart- ments that have co-operated in this past year which has been a most difficult one because of the changing period of adjustment that is effecting not only our town but every community in our nation.
78
1947 RECAPITULATION
Total Appropriations Voted Since 1946 Tax Rate Was Fixed Deficits Due to Abatements in Excess of Overlay of Prior Years State: Tax and Assessments County : Tax and Assessments
Overlay of Current Year
Figures Used In Fixing Tax Rate (G.L. Chap. 59, Sections 23 & 25) $1,805,250.29 34.00 59,905.55 54,438.23 27,000.04
Gross Amount to be Raised
$1,946,628.11
Estimated Receipts Available Funds
602,974.75 222,171.39
825,146.14
Total Taxes Levied on Polls and Property
$1,121,481.97
Number of Polls : 6647 at $2.00
Poll Tax
$13,294.00
Valuation : Personal Property $984,475.001
Tax Rate
36,425.58
Real Estate
28,966,550.00
$37.00
1,071,762.35
Total Valuation $29,951,025.00 Gain on account of fractional divisions of Tax Rate
04
$1,121,481.97
79
Report of State Audit
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 Braintree for the period from May 22, 1946, the date of the previous audit, to May 24, 1947 and submit the following report thereon :
The records of financial transactions of the several departments receiving or disbursing money for the town." or committing bills for collection were examined and checked with the records of the town accountant and the town treasurer.
The books and accounts in the office of the town ac- countant were examined, checked, and compared with the records of the several departments of the town and with the town treasurer's books. The receipts as recorded were compared with the town treasurer's record of re- ceipts and were checked with the departmental records of payments to the treasurer, while the recorded payments were checked with the treasurer's record of disbursements and with the treasury warrants.
The ledger accounts were analyzed, the appropria- tions and transfers being checked with the town clerk's records of town meetings and with the finance committee's authorization of transfers from the reserve fund. A bal- ance sheet showing the financial condition of the town on May 24, 1947 was prepared and is appended to this report. (On file in Selectmen's Office.)
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The books and accounts of the town treasurer were examined and checked. The recorded receipts were anal- yzed and verified by comparison with the records in the several departments collecting money for the town, with other sources from which money was paid into the town treasury, and with the town accountant's books. The recorded payments were checked with the selectmen's war- rants authorizing the disbursement of town funds, while the cash balance on May 24, 1947 was proved by recon- ciliation of the bank balances with statements furnished by the banks of deposit, by verification of the cash and cash memoranda in the office, and by examination of the savings bank books and securities.
The recorded payments on account of debt and in- terest were proved with the amounts falling due and with the cancelled securities and coupons on file.
The savings bank books and securities representing the trust, investment, and retirement fund accounts in the custody of the town treasurer and the treasurer of the library trustees were examined and listed. The income and disbursements were proved and the transfers to the town were verified.
The records of tax titles held by the town were ex- amined and the additions to the tax title account were compared with the collector's records. The recorded re- demptions and foreclosures were verified and the tax titles on hand were listed and reconciled with the account- ant's ledger and further verified by checking wth the rec- ords in the Registry of Deeds.
The records of assessments apportioned by the asses- sors were examined and checked. The apportionments added to taxes were verified, and the apportioned assess- ments not due were listed and reconciled with the deferred revenue accounts in the town accountant's ledger.
The books and accounts of the tax collector were cxamined and checked. The taxes, excises and assess- ments outstanding according to the previous examination,
81
as well as all subsequent commitments, were audited and proved to the warrants issued for their collection. The payments to the treasurer were checked to the treasurer's cash book, the recorded abatements were compared with the assessors' records of abatements granted, and the out- standing accounts were listed and reconciled with the respective ledger accounts.
The records of departmental, electric light, and water accounts were examined and checked. The receipts as recorded were compared with the treasurer's cash book, the abatements were checked with the records of the de- partments authorized to grant them, and the outstanding accounts were listed and proved.
Verification of the outstanding tax, excise, assessment, departmental, electric light, and water accounts was made by mailing notices to a number of persons whose names appeared on the books as owing money to the town, the replies received thereto indicating that the accounts as listed are correct.
The financial records of the town clerk were examined and checked. The records of dog and sporting licences were examined, and the recorded payments to the town and to the State were verified.
The surety bonds of all town officials required by law to furnish them were examined and found to be in proper form.
The records of the selectmen and the sealer of weights and measures, of the health, school, and library depart- ments, as well as of all other departments in which money was collected for the town, were examined and checked. The payments to the town treasurer were verified and the cash on hand in the several departments was proved by actual count.
There are appended to this report, in addition to the balance sheet refered to, tables showing a reconciliation of
82
the several cash amounts, summaries of the tax, excise, assessment, tax title, departmental, electric light and water accounts, as well as tables showing the condition and transactions of the trust, investment, and retirement funds. (On file in Selectmen's Office.)
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