USA > Massachusetts > Essex County > Ipswich > Town annual report of Ipswich 1951 > Part 4
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.09
4,901.97
50
4,433.02
Expenditures
14,257.04
CHAPTER 90 CONSTRUCTION 1951
Credits
Transferred from Surplus Revenue
Expenditures
.8 Labor, supplies & equipment Balance forward to 1952
13,599.74 400.26
14,000.00
NORTH RIDGE ROAD
Credits
Balance January 1, 1951
49.43
Expenditures
8 Labor, supplies & equipment
30.00
Transferred to Revenue
19.43
49.43
GREAT NECK PROPERTY - NEW ROAD CONSTRUCTION
Credits
Balance January 1, 1951
4,407.29 10,000.00
Appropriation
14,407.29
Expenditures
.8 Labor, supplies & equipment Balance forward to 1952
142.29 14,265.00
14,407.29
PARADISE ROAD
Credits
Balance January 1, 1951
422.00
Expenditures
.8 Labor, supplies & equipment
422.00
SIDEWALKS
Credits
Balance January 1, 1951
10,000.00
Expenditures
.8 Labor, supplies & equipment Balance forward to 1952
2,909.60
7,090.40
10,000.00
TOWN HALL COMMITTEE
Credits Appropriation 2,500.00
Expenditures
.2 Outside Services Balance forward to 1952
31,80 2,468.20
14,000.00
2,500.00
51
SEWER COMMITTEE
Credits Balance January 1, 1951
Expenditures
.2 Outside Services Balance forward to 1952
24.20
891.74
915.94
LIGHTHOUSE PROPERTY IMPROVEMENTS
Credits
Balance January 1, 1951
726.55
Appropriation
750.00
1,476.55
Expenditures
762.09
.2 Outside Services Balance forward to 1952
714.46
1,476.55
TOWN HALL IMPROVEMENTS
Credits
Appropriation
2,500.00
Expenditures
.8 Labor, supplies & equipment
1,572.52
Brought forward to 1952
927.48
2,500.00
WATER EXTENSION - HIGHLAND CEMETERY
Credits
Balance January 1, 1951
721.69
Expenditures
.8 Labor, supplies & equipment
128.87
Balance forward to 1952
592.82
721.69
CAPITAL EQUIPMENT MISCELLANEOUS EQUIPMENT
Credits
Appropriation
5,991.51
Expenditures
Treasurer & Collector :
1 Typewriter
220.00
1 Adding machine
288.00
1 Protectograph machine
270.00
Town Clerk :
1 Typewriter
155.00
Moth :
1 Truck
2,335.81
Highway :
1,972.70
1 Salt spreader
750.00
2,722.70
5,991.51
52
915.94
778.00
1 Truck
:
PLAYGROUND EQUIPMENT
Credits
Appropriation
Expenditures Jungle Gym Balance forward to 1952
173.35 226.65
400.00
RADIO EQUIPMENT
Credits
Balance January 1, 1951
1,850.00
Expenditures
Link Radio
1,850.00
UNCLASSIFIED
R. T. CRANE PICNIC FUND, PICNIC
Credits
Receipts
1,143.99
Expenditures .2 Outside Services
1,143.99
CASH RECEIPTS & CASH PAYMENTS SUMMARY Year Ending Dec. 31, 1951
Cash Balance Jan. 1, 1951
Receipts (See Receipts Detail)
$ 244,582.69 1,276,654.27
Payments (See Payments Detail)
1,305,275.46
Cash Balance Dec. 31, 1951
$ 215,961.50
Composition of Balance :
First National Bank of Ipswich
$ 127,284.34
First National Bank of Boston
75,176.40
Merchants National Bank of Boston
1,000.00
Day Trust Co. of Boston
5,029.38
Electric Light Meter Deposit Fund
7,171.38
Cash in office
300.00
Invested in Treasury Bills
99,164.00
$ 315,125.50
DETAILED STATEMENT OF RECEIPTS For Year Ending Dec. 31, 1951
Taxes Current Year : Poll Personal Real Estate
3,960.00 32,015.50 397,950.16
433,925.66
53
1,521,236.96
,
400.00
$ 215,961.50
Taxes Previous Years : Poll Personal Real Estate
52.00 3,989.70 24,940.43
28,982.13
Tax Title :
Tax Title Redemption Tax Possession Redemption
2,432.88
780.00
3,212.88
Licenses and Permits :
Liquor
10,366.00
Hawker and Peddlar
48.00
Pool, Billiards, and Bowling
56.00
Pistol
44.50
Amusement
63.00
Auto Dealer Class I
30.00
Automatic Amusement
368.00
Auto Dealer Class II & III
30.00
Cabin
2.50
Shellfish and Seaworm
214.00
Common Victualler
66.00
Garbage
2.00
Innholder
6.00
Junk
50.00
Methyl Alcohol
14.00
Milk and Cream
30.50
Oleomargarine
8.50
Pasteurization
40.00
Rendering
3.00
Slaughtering House
100.00
Theater
60.00
Vault
3.00
Poultry Slaughter
1.00
Nursery
6.00
Tallow
6.00
Taxi Cab
6.00
11,624.00
Fines and Forfeits :
Third District Court
636.97
Grants and Gifts :
Federal :
Old Age Assistance, Aid
66,132.54
Aid to Dependent Children, Aid
2,705.20
Old Age Assistance. Adm.
5,004.52
Aid to Dependent Children, Adm.
311.16
74.153.42
State :
Income Tax
51,448.97
Corporation Tax
34,169.63
Chapter 90 Construction
2,490.99
Chapter 90 Maintenance
1,000.00
Meal Tax
2,520.83
Lieu of Taxes
6,078.74
Franchise Tax
48.22
Shellfish Benefits
700.00
High School Transportation
8,859.00
Vocation Training
663.54
107.979.92
County :
Chapter 90 Construction
1,245.50
Dog Licenses
587.84
1,833.34
Special Assessments : Moth added to Taxes
91.00
Privileges :
Motor Vehicle and Trailer Excise 1948
33.80
Motor Vehicle and Trailer Excise 1949
39.25
Motor Vehicle and Trailer Excise 1950
2,998.90
Motor Vehicle and Trailer Excise 1951
43,662.30
46,734.25
54
General Government:
Selectmen :
Sale of Hay and Pastures Rights
22.20
Sale of Tax Possessions
607.20
Treasurer & Collector :
Tax Releases
7.00
Costs
340.05
347.05
Town Hall :
Rent of Court Room
325.00
Rent of Town Hall
180.00
555.00
Trustees of Great Neck:
Rent of Lots
965.00
Town Clerk :
Fees
1,234.80
Protection of Persons and Property :
Police :
Ambulance
366.00
Registration of Bicycles
26.75
392.75
Sealer of Weights and Measures:
Fees
181.55
Moth :
D Spraying
1,304.25
Health :
Commonwealth of Mass., Tuberculosis
1,267.13
Cities and Towns, Tuberculosis
406.50
Garbage Disposal
799.92
Slaughter Inspections
1,592.00
4,065.55
Highway :
Rental of Equipment
887.68
Sidewalks
1,399.92
Sale of Gravel
47.40
2,335.00
Charities and Veterans' Services :
Public Welfare:
Commonwealth of Massachusetts
923.65
Cities and Towns
611.06
Aid to Dependent Children :
Commonwealth of Massachusetts Old Age
2,258.33
Old Age Assistance :
Commonwealth of Massachusetts
56,861.30
Cities and Towns
1,105.84
57,967.14
Veterans' Services :
Commonwealth of Massachusetts
4,238.27
Education :
Ipswich High School Cafeteria
11,581.52
Winthrop School Lunch
8,764.70
Special Athletic Fund
1,798.61
Tuition
6,686.50
Feoffees Grammar School
5,000.00
Sale of Materials
226.45
Rent of Auditorium
72.00
34,129.78
Memorial Building :
Donation W.R.C. No. 42
100.00
Ipswich Housing Authority :
Lieu of Taxes
1,560.97
50.00
Scale Receipts
125.00
Photo Copies
460.00
55
1,534.71
Electricity : Sale of Electricity and Misc.
259,644.94
Water:
Water Rates Water Liens Added to Taxes
47,983.09 373.28
48,356.37
Cemetery :
Interments and Removals
2,301.00
Annual Care
484.00
Sale of Lots and Graves
385.00
3,170.00
Agency and Trust :
Federal Withholding Tax
37,987.40
Contributory Pensions
13,025.65
Blue Cross
5,688.35
Dog Licenses for County
1,471.60
Perpetual Care Bequests
2,900.00
Electric Meter Deposits
748.00
61,821.00
Trust Funds-Income :
R. T. Crane, Jr. Picnic Fund
1,223.11
Eunice Caldwell Cowles Fund
250.00
Martha I. Savory Fund
4,00
Appleton Memorial Fountain Fund
25.00
Cemetery Perpetual Care Fund
929.50
2,431.61
Trust Funds-Withdrawals:
R. T. Crane, Jr. Picnic Fund, Picnic
1,143.99
Cemetery Perpetual Care Fund
1,888.17
Eunice Caldwell Cowles Fund, Scholarship
250.00
3,282.16
Debt :
Electric Light Generator Loan
70,000.00
Interest :
Tax Certificates
15.00
Taxes
1,042.37
Motor Vehicle and Trailer Excise
119.03
Tax Titles
181.95
Accrued Interest on Loans
73.50
Meter Deposits
164.42
1,596.27
Premiums on Loans :
102.90
Refunds :
Accountant
22.50
Treasurer & Collector
2.00
Assessors
1.55
Town Clerk
6.40
Town Hall
6.29
Police
151.80
Fire
26.70
Moth
453.61
Clam Commissioner
93.61
Highway
83.56
Public Welfare
8.00
O'd Age Assistance
1,347.29
Veterans' Services
130.75
School
5.85
Electric Light
763.55
Water
6.39
Cemetery
31.53
Telephone Refunds to Surplus Revenue
81.23
Insurance Refunds to Surplus Revenue
50.13
Motor Vehicle Excise 1950
25.36
3,298.10
1,276,654.27
Balance January 1, 1951
244,582.69
1,521,236.96
56
DETAILED STATEMENT OF PAYMENTS For Year Ending Dec. 31, 1951
639,223.52
Departmental:
Taxes :
County Tax
23,013.77
Essex County Sanitorium Tax Auditing Tax
2,473.08
State Parks and Reservations
37,707.53
Federal Grants:
Aid to Dependent Children, Adm.
153.73
Aid to Dependent Children, Aid
2,444.15
Old Age Assistance, Adm.
2,837.52
Old Age Assistance, Aid
59,542.37
64,977.77
Agency and Trust
Dog Licenses for County
1,486.80
Contributory Pensions System
13,047.27
Withholding Tax
35,492.16
Blue Cross
5,706.68
Cemetery Perpetual Care Bequests
3,000.00
58,732.91
Trust Fund Income-Deposits :
Cemetery Perpetual Care Fund
929.50
R. T. Crane, Jr. Picnic Fund
1,223.11
Eunice Caldwell Cowles Fund
250.00
Martha I. Savory Fund
4.00
Appleton Memorial Fountain Fund
25.00
2,431.61
Trust Fund Income-Payments :
R. T. Crane, Jr. Picnic Fund
1,143.99
Eunice Caldwell Cowles Fund, Scholarship
250.00
Cemetery Perpetual Care Fund
1,888.17
3,282.16
Electric Light :
Operations
267,112.39
Construction
5,056.16
Depreciation
50,653.82
322,822.37
Water:
Operations
57,100.36
Extensions
3,795.62
60,895.98
Interest
Maturing Debt
11,000.00
Refunds :
Real Estate Taxes 1949
160.83
Real Estate Taxes 1950
190.80
Poll Taxes 1951
14.00
Personal Taxes 1951
73.75
Real Estate 1951
420.00
Motor Vehicle and Trailer Excise 1950
35.55
Motor Vehicle and Trailer Excise 1951
1,300.25
Electric Light A/R
1,662.38
Sidewalks A/R
.40
Interest Taxes
.40
Pinball and Bowling Licenses
8.00
Contributory Pension System
28.25
Withholding Tax Deductions
43.26
Blue Cross
31.96
Electric Light Meter Deposits
336.00
4,305.83
Treasury Bills
99,164.00
Checks Returned
4.28
1,305,275.46
Balance December 30, 1951
215,961.50
1,521,236.96
11,345.85
874.83
57
727.50
STATEMENT OF COLLECTIONS For Year Ending Dec. 31, 1951
Taxes :
Current Year
Prior Years
$433.925.05 28,982.13
Motor Vehicle Excise :
Current Year
43,662.30
Prior Years
3,C69.53
Moth :
Current Year
71.00
Prior Years
20.00
Water Liens Added to Taxes 1952
373.28
Interest :
Current Year
189.80
Prior Years
971.60
Costs:
Current Year
223.20
Prior Years
116.85
Tax Certificates
15.00
Electric Light
259,644.94
Water
47,983.09
Departmental
82,282.69
$901,531.07
58
DETAILED STATEMENT OF TAXES For Year Ending Dec. 31, 1951
Outstanding Jan. 1, 1951
Commitments 1951
Refunds
Collections
Abatements
Outstanding Tax Title Dec. 31, 1951
Taxes:
Poll 1951
Personal 1951
$ 4,626.00 37,913.75
$ 20.00
$ 3,960.00
$ 608.00
$
$ 78.00
Real Estate 1951
444,168.50
420.00
397,950.16
7,737.41
971.20
37,929.68
Poll 1950
$ 92.00
52.00
40.00
Personal 1950
3,545.91
3,240.40
305.51
Real Estate 1950
27,549.12
100.80
21,351.87
342.30
19.95
5,935.80
Personal 1949
791.76
648.10
143.66
Real Estate 1949
3,668.21
160.83
3,588.56
220.05
20.43
Personal 1948
308.20
101.20
207.00
35,955.20
468,809.05
674.58
462,907.79
9,541.26
1,011.63
49,978.16
Motor Vehicle & Trailer Excise :
1951
49,281.63
1,300.25
43,662.30
2,864.37
4,055.27
1950
3,009.14
298.39
35.55
2,996.48
283.30
63.30
1949
39.25
39.25
1948
33.80
33.80
$39,037.39
$536,389.07
$2,010.38
$509,639.62
$12,688.93
$1,011.63
$54,096.66
Moth: 1951
86.00
71.00
15.00
1950
44.00
20.00
24.00
Water Liens Added to
Taxes 1950
605.40
373.28
232.12
.3.75
32,015.50
386.50
5,585.50
59.
COMPARATIVE TAX STRUCTURE STATEMENT
1950 - 1951
A Total Appropriation to be raised
1950
1951
$ 576,752.79
$ 691,771.82
by taxation : Total Appropriation to be taken from available funds :
125,288.72
29,000.00
702,041.51
720,771.82
B State Requirement :
680.13
1,045.30
Parks & Reservations Audit
1,789.98
2,473.08 .
Underestimated Previous Years : Parks & Reservations
219.41
219.70
2,689.52
3,738.16
C County Requirement :
Tax
23,164.21
24,026.40
T. B. Hospital
10,332.26
10.275.62
Underestimates Previous Years Tax
3,082.39
T. B. Hospital
3,183.06
39,761.92
34,302.02
21,698.36
15,412.64
766,191.31
774,224.64
F Estimated Receipts & Available Funds
Estimated Receipts (Local, other
units & water)
252.437.45
255,793.77
Overestimates :
State Audit
769.23
County Tax
2,271.68
T. B. Hospital
1,396.94
Surplus Revenue
65,138.72
29,000.00
Electric Light
12,000.00
Overlay Reserve Fund
2,500.00
Cemetery Lots Fund
2,900.00
Stabilization Fund
3,750.00
Post War Rehabilitation Fund
31,000.00
Machinery Fund
8,000.00
G Net Amount to be raised by taxation :
Poll Tax
4,662.00
4,600.00
Real Estate & Personal Tax
383,033.91
481,162.25
766,191.31
774,224.64
Assessed Valuation :
Real Estate
8,434.345.00
8,865,445.00 757,800.00
Personal Property
685,510.00
9,119,855.00
9,623,245.00
Tax Rate
$42.00 per thousand
$50.00 per thousand
D Overlay
E Gross Amount to be Raised
378,495.40
288,462.39
60
STATEMENT OF 1951 ASSESSMENTS
$50.00 per $1,000.00
1951 Tax Rate
Persons Assessed :
1,282
1,866
497
Total :
Polls Assessed (poll tax)
2,300
Value of Assessed Personal Estate :
$ 184,100.00
Machinery
46,280.00
Live Stock
428,895.00
Total:
Value of Assessed Real Estate:
$1,842,345.00
Land exclusive of bldgs. Bldgs. exclusive of land
$7,023,100.00
Total :
$8,865,445.00
Total Value of Assessed Estate :
$9,623,215.00
Total Taxes Assessed for State, County and Town Purposes, including Overlay :
$ 485,762.25
Number of Livestock Assessed : Horses (1 yr. old or over)
64
Cows (Miltch) Bulls
16
Yearling steers
6
Yearling heifers
72
Swine (6 mos. old or over)
S
Sheep (6 mos. old or over)
103
Fowl
5,020
All other
363
Number of Acres of Land Assessed :
17,730
Number of Dwelling Houses Assessed :
2,140
STATEMENT OF MUNICIPAL INDEBTEDNESS As of December 31, 1951
Date of issue
Rate
Date of Maturity
Amount Outstanding $ 24,000.00
Dec. 1. 1935
2%
New High School 1952-1955
Dec. 1, 1948
13/4%
Masconomet Road Water Mains 1952-1955
4,000.00
Dec. 1, 1942
11/2%
Developing Additional Water 1,000.00
Supply - 1952
April 15, 1938
21/2%
Water Extension 2,000.00
1952-1953
June 1, 1948
11,4%
Water Main Extension 1952-1953
4,000.00
Oct. 1, 1949
11/4% - 11/2%
Laying & Extending Water
8,000.00
April 15, 1946
11/4%
Extending Water Mains
16,CC0.00
1952-1961
Dec. 1, 1951
1.40%
Electric Light Generator 1952-1951
70,000.0
Total Bonded Debt
$129,000.00
61
Personal Estate Real Estate Personal & Real Estate
3,645
Stock in Trade
98,525.00
Other Tangible Personal Property
$ 757,800.00
399
Mains to Present System 1952-1959
CONSOLIDATED STATEMENT OF TRUSTS & FUNDS Dec. 31, 1951
Name of Trust
Balance Jan. 1, 1951 $73,001.16
Requests
1951
1951 Dec. 31, 1951
Cemeteries
Appleton Memorial Foundation
Eunice Caldwell Cowles
10,164.15
252.80
250.00
10,166.95
Mrs. William G. Brown
2,334.27
58.72
2,392.99
Dow Boulder Memorial
156.96
3.93
160.89
Marianna T. Jones
897.41
22.56
919.97
John C. Kimball
500.00
12.58
512.58
Mark Newman Memorial
5,168.93
130.01
5,298.94
Martha I. Savory
312.01
6.77
318.78
Richard T. Crane, Jr.
32,153.30
1,314.93
1,143.99
32,324.24
Stabilization
337.34
8.47
345.81
Post War Rehabilitation
1,483.82
29.84
1,513.66
Gladys M. Poole, Treasurer
Edward J. Marcorelle
George C. Parsons
Charles E. Goodhue, Jr. Trust Fund Commissioners
The
This is a consolidation of detailed statements of the various Town trusts and funds. full details are available to you at the Town Treasurer's office.
TRUST FUNDS IN CUSTODY OF TRUSTEES
Manning School Fund
Balance - Dec. 31, 1950 Income
6,912.44 1,078.50
Expenditures
389.79
Balance - Dec. 31, 1951
7,601.15
M. Charles Arthur. .
Treasurer
R. H. Manning Fund
13,214.09
382.57
Balance - Dec. 31, 1951
13,596.66
M. Charles Arthur. Treasurer
Burley Educational Fund
7,884.80
184.15
8,068.95
Expenditures
6.00
Balance - Dec. 31, 1951
8,062.95 Frederick S. Witham, Treasurer
Balance - Dec. 31, 1950 Income
3,232.66
81.29
Balance - Dec. 31, 1951
3,313.95
Chester A. Bolles, Treasurer
$3,154.00 1,000.00
$1,832.84
$1,888.17
$76,099.83
25.00
1,025.00
Brown School Fund
7,990.94
Balance - Dec. 31, 1950 Income
Balance - Dec. 31, 1950 Income
Income Expenditures Balance
62
LIBRARY TRUST FUND Dec. 31, 1951
B ok Value
· Market Value
Lower of Cost cr Mkt. Value
Income
Treadwell Fund
$17,120.42
$16,248.12
$15,437.81
$ 806.99
Heard Fund
8,593.29
8.933.61
8,284.27
353.36
Spilier Fund
1,812.05
1,812.05
1,812.05
45.30
Lathrop Fund
1,854.90
1,854.90
1,854.90
46.36
Newman Fund
2,367.52
2,367.52
2.367.52
57.53
Building Fund
86,34
86.34
86.34
1.06
Total - 1951
$31,834.52
$31,302.54
$29,842.89
$1,310.60
Total - 1950
31,765.83
30,781.76
29,830.79
· 1,405.13
Increase or Decrease :
68.69
520.78
12.10
(94.53)
*Newman Fund income not available for operating expense usage.
D. W. Poor, Jr., Treasurer
FEOFFEES OF THE GRAMMAR SCHOOL
Balance - Dec. 30, 1950 Inconie
301.76 23,062.65
23,364.41
Expenditures
22,406.79
Balance - Dec. 31, 1951
957.62
Charles A. Mallard. Treasurer
Property Held In Trust By the Feoffees As Of December 31, 1951
Little Neck valued at
Store Building
Cash on hand or in First National Bank
Deposited in Ipswich Savings Bank
$ 4,985.59
Interest earned 1951
125.40
5,110.99
Deposited in Ipswich Savings Bank Farm Account
2,217.29
Interest earned 1951
27.36
2,273.06
Cost
Present Value
5-U. S. Series F Bonds
$ 3,700.00
$ 4,110.00
50-Shares First Natl Bank of Boston
2,677.26
3,125.00
100-Shares Nat'l Shawmut Bank of Boston
2,748.63
2,837.50
Ipswich Co-operative Bank Paid up Certificates
2,000.00
2,000.00
$11,125.89
$12,072.50
12,072.50
$46.914.17
Charles A. Mallard, Treasurer
$ 16,500.00 10,000.00 957.62
63
ELECTRIC DEPARTMENT FINANCIAL STATEMENTS
Balance Sheet as of December 31, 1951
Fixed Assets :
Land
S 841.20
Structures
2,805.43
Internal combustion engines
292,552.40
Electric plant-internal combustion
12,205.89
Transformer & substation equipment
36,376.30
Poles, fixtures & overhead conductors
63,801.15
Underground conductors
5,233.73
Consumer meters & installation
45,003.16
Line transformers & installation
4,679.13
Street lighting equipment
Transportation equipment
6,159.05
Total Plant Investment
$537.136.25
Current Assets :
Cash
66,229.59
Consumers deposits
7,171.38
Accounts receivable
3 _. 479.36
Materials & supplies
20,975.50
Total current Assets
126,855.83
Total Assets
$563.992.08
Liabilities and Surplus
Liabilities
Notes payable
70.000.00
Consumer deposits
6,554.75
Interest accrued
73.50
Total Liabilities
76.628.25
Appropriated Surplus
Loans repayment (Paid from earnings)
237.000.00
Appropriation for construction repaid
1,511.05
Total appropriated surplus
238,511.06
Profit and Loss
Balance January 1, 1951
317,114.79
Income balance transferred for year
31.737.98
Balance December 31, 1951
348.852.77
Total Liabilities and Surplus
$653,992.08
STATEMENT OF INCOME AND EXPENSES FOR YEAR 1951
Operating Income
Metered sales to private consumers
218,330.16
Municipal revenues
12,696.79
Sales to Town of Rowley
25,623.70
Total Operating Income
$256,650.65
Operating Expenses
225.077.09
Net Operating Income
$ 31,573.56
Add: Interest received on Consumers deposits
164.42
Income balance transferred to Profit and Loss
$ 31,737.98
64
33,747.01
Fuel system
27.670.80
ELECTRIC DEPARTMENT FINANCIAL STATEMENTS
Receipts and Expenditures Statement December 31, 1951
Receipts :
Expenditures :
Domestic Light
$126,100.29
Orders Refunds
$267,875.94
Little Neck
6,648.05
Commercial Light
84,634.24
Town Buildings
3,353.97
Water Pumping
2,624.40
Town of Rowiey
28,206.85
Street Lighting
6,500.00
Transferred to
Misce laneous
2,330.69
Depreciation Fund
21,770.20
260.408.49
Loan
70,000.00
Interest
73.50
Cash Balance
January 1, 1951
27,056.12
December 31, 1951
$ 66,229.59
$357,538.11
$357,538.11
DEPRECIATION FUND STATEMENT
Balance January 1, 1951
$ 28,883.62
Transferred from Operating Cash Account
21,770.20
Expenditures
50,653.82
CONSTRUCTION ACCOUNT STATEMENT
Balance January 1, 1951 Expenditure
$ 5,056.16
5,056.16
SPECIAL ACCOUNT ELECTRIC LIGHT METER DEPOSIT FUND
Balance January 1, 1951
$ 6,594.96
Meters
748.00
Income
164.42
Refunds
336.00
Amount on deposit in Ipswich Savings Bank, December 31, 1951
$ 7,171.38
Domestic Light
1,662.38
$269,538.32
330,481.99
Cash Balance
$ 50,653.82
7,507.38
65
WATER DEPARTMENT FINANCIAL STATEMENTS Balance Sheet as of December 31, 1951
Assets :
Plant Investment
$ 7,314.71 2.219.12
Engineering Land
15.075.24
Pumping Station
F.607.02
Pumps and machinery
27.593.59
Storage basin
17 827.56
Distribution Reservoir
50,475.43
Bull Brook Reservoir
23.815.12
New Wells
263.753.85
Pipe lines
US.200.66
Service pires
178.70
Store house
2.357.97
Department building
2.874.20
Misc.
7.775.13
Transportation equipment & Air compressor
1.353.55
Water softener engineering
1.315.81
Chlorinating machine
341.50
Colgon applicator
$535,190.16
Less reserve for depreciation
251,691.0€
Total Plant investment
$283.498.1S
Current Assets :
Cash - Construction account
34.493.41
Accounts receivable
14.505.41
Inventory
7.500.00
Total current assets
58.498.82
$341.997.00
Liabilities & Surplus :
Appropriation from Tax Levy for note payments and construction
24.083.03
Appropriation front Electric Dept. for construction Notes payable
31,000.00
Total liabilities
01.421.94
Surplus :
Ipswich Water Dept. property account
191.240.82
Operating surplus
55.334.24
Total Surplus
247.575.06
Total Liabilities and Surplus
$341,997.00
WATER DEPARTMENT Statement of Income and Expenses for the Year ending December 31, 1951
Income :
Meter rates
$ =0,660.61
Fixture rates
2.424.00
Misc.
5.554.68
48.739.29
Less abatements
122.23
Total Income
$ 48.617.06
Expenses :
Repairs services
11 4-9.67
Repairs pipe lines
$35.20
Administration & transportation
7.453.12
Maintenance station & grounds
95.27
Electricity for pumps
2.707.79
Interest paid
490.00
Pension paid
571.04
Total expenses
23.522.19
Net profits for year
$ 24.994.87
Statement of Operating Surplus for year ending December 31, 1951
37,939.37
Add: Net profit for year 1951
24.994.87
Deduct notes paid
6.500.00
Balance December 31, 1951
$ 56.334.24
Balance December 31. 1950
62.934.24
66
39.338.91
WATER DEPARTMENT FINANCIAL STATEMENTS
Receipts and Expenditures Statement December 31, 1951
Receipts :
Expenditures :
Meters
$ 40,211.76
Orders
Little Neck
2,340.05
Notes
6,600.00
Miscellaneous
5,452.67
Interest
490.00
Water Liens Added to Taxes 1950
373.28
48,377.76
Transferred from
Construction Account
8,404.74
$ 56,782.50
Balance January 1, 1951
324.25
$ 57,106.75
$ 57,106.75
The Collector has the following bills for collection :
Meters
$ 2,865.80
Miscellaneous
610.60
Little Neck
1,308.00
Water Liens Added to
232.12
$ 5,016.52
Commitment, December 31
9,585.18
$ 14,601.70
WATER SOFTENING PLANT
Balance, January 1, 1951
$ 44,741.81
Transferred to Construction
44,741.81
WATER CONSTRUCTION ACCOUNT
Balance, January 1, 1951
$ 3,951.96
Transferred from Water Softening Plant Account
44,741.81
Expenditures
$ 3,795.62
Transferred to Operating Cash Account
8,404.74
Balance, December 31, 1951
36,493.41
$ 48,693.77
$ 48,693.77
WATER CONSTRUCTION ACCOUNT MASCONOMET ROAD
Balance, January 1, 1951
Balance, December 31, 1951
$ 624.92 624.92
67
$ 50,016.75
Taxes 1950
TRENDS IN OUR MUNICIPAL INDEBTEDNESS Dec. 1931 - Dec. 1951
300,000.
.
280,000.
260,000.
240,000.
220,000.
200,000.
180,000.
160,000.
140,000.
120,000.
100,000.
80,000.
1931
1933
1935
1937
1939
1941
1943
1945
1947
1949
1951
68
TOWN OF IPSWICH
Annual Report of the
SCHOOL COMMITTEE
M
THE BIRTHPIVOT
634
For the year 1951
School Committee
Term Expires
EDWARD T. FOLEY
1954
RICHARD R. MANSFIELD
1954
C. LOUISE RICHARDSON
1954
JOHN V. HUBBARD, JR. 1953
WILLIAM J. WALLACE
1953
EDWARD S. SULLIVAN 1952
SEWARD S. TYLER
1952
RICHARD R. MANSFIELD, Chairman
Meetings of the Committee:
Regular meetings of the School Committee are held on the first Friday of each month at the Office of the Superintendent - Ipswich High School, at 7:30 p.m.
HARRY S. MERSON Superintendent and Purchasing Agent ADELAIDE HODGKINS Secretary
OFFICE Ipswich High School
OFFICE OPEN
School Days from 8:30 to 5:00
and by appointment
FRANK L. COLLINS, M.D. School Physician
ELEONORE RICHARDSON, R.N. School Nurse
Statement of the School Committee
To the Citizens of the Town of Ipswich:
The School Committee wishes to present the Superintendent's report of the activities of your school system for the past year.
We urge you to study and evaluate the information as set forth. The significance of these important figures will have considerable bearing on our line of thought in the near future.
We wish to extend our thanks and appreciation to the Superintendent, his staff and the public for their willing cooperation in our joint endeavors- repaid only by the personal satisfaction that together we are striving for a common goal.
RICHARD R. MANSFIELD, Chairman
C. LOUISE RICHARDSON EDWARD T. FOLEY JOHN V. HUBBARD, JR. WILLIAM J. WALLACE
SEWARD S. TYLER EDWARD S. SULLIVAN
70
Report of the Superintendent of Schools
To the School Committee of the Town of Ipswich
January 31, 1952 Mrs. Richardson and Gentlemen:
In conformity with the by-laws of the School Committee, I present the annual report on the schools for the fiscal year 1951. I append to the report some tabulated data, which may be useful, now and in the future, in making an analysis of school problems.
The 1951 Birth Rate
To us in the schools the big local news of the year was the birth rate. Whatever the status of other activities, the local baby business is flourishing. Lest that fact be neglected merely as one of the statistics in the Town Clerk's report, let us record it here in bold-face type. One hundred and sixty-nine (169) babies were born to parents residing in Ipswich in 1951. The signifi- cance of this fact is underlined by another piece of intelligence. Our present school facilities, such as they are, can accommodate a school enrollment re- sulting from a birth rate of about 100.
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