USA > Massachusetts > Essex County > Ipswich > Town annual report of Ipswich 1956 > Part 10
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32.78
$33,969.94
Payments
Loss on Sale of Security
$ 8.33
Cost of Picnic
1,348.39
Agent's Fee
113.60
Decrease in value of Stock due to Sale of Rights and Stock
82.10
Balance December 31, 1956:
Securities - Book Value
$27,628.17
On deposit in the Ipswich Savings Bank
4,175.58
Cash in Custody of the New England Trust Co .: Principal
113.12
Income
500.65
32,417.52
$33,969.94
97
13,654.22
Composition of Fund
Securities :
$5,000 U. S. Treasury Bonds 21/2 %
$ 5,000.00
$5,000 U. S. Savings Bond 21/2 %
5,000.00
5 shares American Tel. & Tel. Co.
884.98
38 shares C I T Financial Corp. Common
902.58
50 shares Commonwealth Edison Co.
1,672.51
10 shares DuPont E I DeNemours & Co. Common
1,225.00
22 shares First National Bank of Boston
1,030.43
10 shares International Paper Co. Cum Pfd
1,027.72
45 shares Niagara Mohawk Power Corp. Common
1,209.38
15 shares Pacific Lighting Corp. Cum Pfd
1,591,54
55 shares Virginia Electric & Power Co. Common
947.45
40 shares Phillips Petroleum Company Common
595.60
40 shares Standard Oil Co. of California
596.69
40 shares Fidelity Phenix Fire Insurance Co. of N. Y.
932.55
20 shares Crown Zellerbach Corp. Common
1,149.81
15 shares General Electric Co. Common
908.27
20 shares General Motors Corp. Common
826.21
40 shares Tidewater Oil Co. Cum Pfd
1,129.95
30 shares Wisconsin Electric Power Co. Common
997.50
27,628.17
On deposit in the Ipswich Savings Bank : Principal Account
4,175.58
On deposit with the New England Trust Co .: Principal Account
113.12
Income Account
500.65
613.77
$32,417.52
Charles E. Goodhue, Jr. Robert M. O'Kane John F. Conley Gladys M. Poole
Trustees
98
LIBRARY TRUST FUNDS
IPSWICH PUBLIC LIBRARY Trust Funds - 1956
Treadwell Fund
Book Value $16,536.29
Market Value $19,718.45 10,804.13
Lower of Cost or Market $16,046.18
Income 856.45 $
Heard Fund
8,641.94
8,525.08
418.61
Lathrop Fund
1,854.90
1,854.90
1,854.90
54.90
Spiller Fund
1,812.05
1,812.05
1,812.05
50.38
Newman Fund
2,743.60
2,743.60
2,743.60
82.13
Building Fund
102.11
102.11
102.11
3.47
Total 1956
$31,690.89
$37,035.24
$31,083.92
$1,465.94
Total 1955
$31,551.29
$38,199.32
$31,340.57
$1,395.47
Increase or (decrease)
$139.60
($1,164.08)
($256.65)
$70.47
FEOFFEES OF THE GRAMMAR SCHOOL
Financial Statement
Balance, January 1, 1956 Income, 1956
32,444.20
38,825.64
Expenditures
29,752.49
Balance, December 31, 1956
$ 9,073.15
Property held in Trust by the Feoffees December 31, 1956
Little Neck Valued at
Store Building
Cash on hand or in First National Bank, Ipswich
$ 2,598.62
Interest earned on same 1956
91.74
2,690.36
Deposited in Ipswich Savings Bank Farm Account
5,843.03
Interest earned on same 1956
206.29
6,049.32
Cost
Present Value
54 shares First National Bank of Boston
$ 2,685.38
$ 3,537.00
100 shares National Shawmut Bank of Boston
2,748.63
4,550.00
Ipswich Cooperative Bank paid up Certificate
2,000.00
2,000.00
5 United States Series F. Bonds
3,700.00
4,810.00
$11,134.01
$14,897.00
14,897.00
$59,209.83
$5,000.00 was paid to the Town for support of the schools. A breakdown of the taxes paid to the Town follows:
Land-Assessed value
$17,000.00 $ 1,105.00
Store-Assessed value
6,000.00
390.00
Barn-Assessed value
300.00
19.50
Cottages-Assessed value
309,450.00
20,114.25*
$21,628.75
This amount was prepaid to the Town by the Feoffees and in turn collected from the individual owners of the cottages.
99
$16,500.00 10,000.00 9,073.15
Deposited in Ipswich Savings Bank
$ 6,381.44
Exhibit A
RECONCILEMENT OF CASH BALANCE
December 31, 1956
Balance, January 1, 1956
$6,381.44 32,444.20
Income, Schedule I
38,825.64
Expenditures, Schedule II
29,752.49
Balance, December 31, 1956
$9,073.15
OUTSTANDING ACCOUNTS
December 31, 1956
Year:
1955
$596.90 7684.98
1956
$8,281.88
Schedule I
INCOME
For the period January 1 - December 31, 1956
Collections:
Year 1954
Year 1955
Year 1956
Interest received on unpaid accounts.
147.67
$32,020.30
Dividends:
First National Bank of Boston
153.90
National Shawmut Bank of Boston
210.00
Ipswich Cooperative Bank
60.00
423.90
$32,444.20
100
$8.08 4,631.10 27,233.45
Schedule II
EXPENDITURES
For the period January 1 - December 31, 1956
Taxes:
Town of Ipswich
Town of Ipswich - Support of Grammar Schools.
Rubbish & Garbage Collection
Repairs:
Roads
$297.50
Wharf and Float
533.34
Store Building
237.09
1,067.93
Salaries and Expenses :
Treasurer
492.00
Clerk
200.00
692.00
Police
500.00
Insurance
87.36
Postage
18.63
Printing
10.00
Water
14.00
Snow Plowing
21.50
Little Neck Association
15.00
Collector of Internal Revenue
16.00
Massachusetts Unemployment Service
51.45
Mowing
18.54
Rent - Safe Deposit Box
11.33
$21,628.75 5,000.00 600.00
$29,752.49
101
DETAILED STATEMENT OF TAX For Year Ending Dec. 31, 1956
Outstanding Jan. 1, 1956
Commitments
Refunds
Collections
Abatements
Tax Titles
Outstanding Dec. 31, 1956
Poll 1956
Personal
Real Estate 1956
$ 5,068.00 47,578.78 718,174.29
$ 3.00 178.75 2,183.95
$ 3,803.00 39,530.33 652,423.33 222.00
$ 998.00 614.26 13,474.84 108.00 265.34
300.63
$ 270.00 7,612.94 54,159.44
Poll 1955
330.00
Personal 1955
4,852.21
4,599.13
Real Estate 1955
49,358.33
35,930.97 11,347.93
487.16 52.50
9.68
$65,950.65
$770,821.07
$2,665.81
$747,856.69
$16,000.10
$321.71
$75,259.03
Moth :
1956
50.00
50.00
Water Liens Added to
Taxes:
1956
6,737.91
227.46
4,021.80 163.87
30.20
$
649.69
$ 6,737.91
$ 227.46
$ 4,185.67
.00
$ 30.20
$ 3,399.19
Motor Vehicle and Trailer
Excise:
1956
69,221.69 (Dec.) 12,574.20 4,340.81 2.94
1,313.72
1955
7,678.38
648.07
67,752.79 10,710.82 2.94
4,057.01 1,956.44
11,299.81
1953
$7,678.38
$86,139.64
$1,961.79
$78,466.55
$ 6,013.45
$ .00
$11,299.81
$
11.40
13,216.65
Real Estate 1954
11,410.11
12.26 287.85
102
2,943.57 455.62
1955
649.69
Taxes:
DETAILED STATEMENT OF DEPARTMENTAL ACCOUNTS For Year Ending December 31, 1956
Department
Outstanding Jan. 1, 1956
Commitments
Collections
Abatements
Outstanding Dec. 31, 1956
Cemetery
$1,097.00
$ 7,485.75
$ 8,180.00
$177.00
$ 225.75
Town Property
980.00
2,976.00
3,076.00
880.00
Disability Assistance
9,283.36
9,283.36
Police - Special
512.75
5,548.29
5,347.28
713.76
Police - Ambulance
792.00
652.00
797.00
256.00
391.00
Veterans Services
5,711.75
5,711.75
Moth
50.00
622.42
507.42
165.00
Sidewalks
643.33
643.33
Health
780.28
1,200.00
1,380.57
72.14
527.57
Highway
62.50
136.84
56.84
15.25
127.25
Highway Machinery
25.00
2,023.00
1,928.75
25.00
94.25
Public Welfare
5,875.11
2,658.37
6,163.51
2,369.97
Aid to Dependent Children
778.71
2,730.90
2,821.21
688.40
Old Age Assistance
1,001.43
66,646.64
65,922.84
1,725.23
Education
798.00
6,094.00
5,702.00
1,190.00
Disability Assistance Administration
248.81
248.81
103
WATER DEPARTMENT FINANCIAL STATEMENTS Profit and Loss Statement For the Year Ending December 31, 1956
Income:
Metered Sales
62,942.91
Flat Rate Sales
7,749.00
Sale of Services
2,927.10
Sale of Supplies
13,666.96
Interest Received
671.95
87,957.92
Less: Interest on Notes 2,321.00 Abatements 2,404.18 4,725.18
Expenses : Operating Expenses : Maint. Water Supply Structures
41.93
Maint. of Reservoirs
36 95
Electricity Purchased
3,946.85
Maint. of Pumping Equip.
17.97
Purification Supplies &
Expenses
541.21
Inspection of Customers' Installations
3,284.63
General Labor
11,475.42
Maint. of Mains
2,169.53
Maint. of Services
10,613.69
Maint. of Meters
3,680.83
Maint. of Hydrants
904.71
Total Operating
36,713.72
Administrative Expenses :
General Office Salaries
3,941.28
General Office Supplies & Expenses
684.73
Insurance
1,090.67
Transportation Expense
1,887.72
Maint. of Gen. Structures
440.49
Depreciation
16,945.45
Misc. General Expense
1,821.32
Pensions
708.90
Total Administrative
27,520.56
Total Expenses Profit for 1956
64,234.28
18,998.46
Net Revenue
83,232.74
83,232.74
104
WATER DEPARTMENT FINANCIAL STATEMENTS
Balance Sheet - December 31, 1956
Fixed Assets: Engineering
9,314.71
Land
8,219.12
New Well System
53,041.67
Pumping Station
17,830.39
Reservoirs & Stand Pipes
13,216.43
Storage Basin
27,693.59
Distribution Reservoir
17,827.56
Premium on Notes
1,403.00
Bull Brook Reservoir
50,476.43
Departmental Building
2,367.97
Total Liabilities
329,824.94
Store Expense
178.70
Pumps & Pumping Equip.
6,607.02
Purification System
3,050.86
Pipe Lines & Distribution Mains
420,507.85
Service Pipes
133,328.58
Meters
10,917.87
Hydrants
362.45
Office Equipment
271.95
Shop Equipment
2,834.01
Transportation Equip.
12,767.13
Misc. Equipment
7,231.20
798,045.49
Less: Reserve for Depreciation
317,926.80
Net Plant Investment
480,118.69
Current Assets :
Cash-Operating
32,752.20
Cash-Construction &
Bond Rec.
16,300.69
Stand Pipe & Pump Station
Cash (Bond Receipts)
94,247.18
Cash-Well Construction
1,211.16
Accounts Receivable
14,631.10
Materials & Supplies
35,421.91
Total Current Assets
194,564.24
Total Assets
674,682.93
Total Liabilities & Surplus
674,682.93
Surplus :
Ipswich Water Dept. Property Account
Profit & Loss
228,808.27 116,049.72
Liabilities : Appropriation from Tax Levy for Note Payments and Construction Appropriation from Light Dept. for Construction Notes Payable
24,083.03
39,338.91
265,000.00
105
ELECTRIC DEPARTMENT FINANCIAL STATEMENTS
Balance Sheet - December 31, 1956
Current Assets :
Liabilities :
Cash Operating
5,772.02
Notes Payable
290,000.00
Cash Construction
3,866.05
Consumers Deposits
10,277.54
Depreciation & Bond Receipts Cash
43,644.79
Cash Consumers Deposits
11,800.09
Accounts Receivable
25,601.94
Inventory Materials & Supplies
15,121.80
Inventory-Fuel Oil
3,060.80
Inventory-Lub. Oil
2,310.00
111,177.49
Surplus :
Loans Repayment
292,000.00
Other Assets:
Land
841.20
Structures
78,591.53
Fuel System
9,165.75
Internal Combustion Eng.
789,223.49
Auxiliaries
13,610.92
Electric Plant
27,399.07
Transformer- Sta. Equip.
47,577.13
Poles, Fixtures & Over- head Conductors
262,352.50
Underground Conductors
10,903.59
Consumers Meters
57,911.30
Consumers Meters Install.
1,291.48
Line Transformers
99,124.28
Transformer Installation
1,091.64
Street Lighting Equip.
22,673.30
Engineering & Superint.
4,178.68
Office Equipment
1,500.00
Transportation Equip.
13,555.35
Less Reserve for Depreciation
466,069.26
974,921.95
Total Assets
1,086,099.44
Total Liabilities & Surplus 1,086,099.44
691.14
Interest Accrued Premium Bonds
813.82
301,782.50
Approp. for Construction Repayment
1,511.06
Profit & Loss
490,805.88
784,316.94
1,440,991.21
106
ELECTRIC LIGHT DEPARTMENT FINANCIAL STATEMENTS
Profit and Loss Statement For the Year Ending December 31, 1956
Sales :
Domestic Sales
200,254.92
Operating Expenses :
Commercial Sales
144,936.06
Engine Labor
49,769.83
Sales to Other Utilities
39,009.60
Municipal Sales
18,266.21
Misc. Revenue
13,340.19
Sta. Supplies & Exp.
1,880.44
Maint. Station Structures
81.60
Maint. of Fuel System
8.25
Maint. of Engines
18,010.54
Maint. of Accessory Equip. 2,927.43
Total Generating
201,991.61
Distribution :
Insp. & Test Meters
1,840.46
Remove & Reset Meters
1,935.36
Remove & Reset
Transformers
841.68
Maint. of Lines
38,727.30
Operation of Street Lamps
2,963.77
Total Distribution
46,308.57
Administration :
Commercial Salaries
7,087.29
Salaries of Gen. Officers
6,171.20
Other Gen. Office Salaries
5,423.84
Gen. Office Supplies & Exp. Insurance
2,256.51
Pensions
769.86
Stores Expense
19.20
Transportation Expense
1,762.81
Maint. of Gen. Structures
122.92
Depreciation
33,987.90
Misc. Gen. Expense
1,504.34
Total Administrative
61,918.77
Interest on Notes
1,601.22
Total Expenditures
311,820.17
Profit for 1956
81,759.76
393,579.93
393,579.93
Less :
Discounts
22,188.58
Abatements
436.74
22,625.32
Expenditures:
Engine Fuel
123,619.19
Lubricants
5,694.33
Int. Rec. on Consumers Dep. 398.27
416,205.25
107
2,812.90
IPSWICH PUBLIC LIBRARY 3 2122 00161 921 6
TABLE OF CONTENTS
Page
Page
DEDICATION PAGE
2
SCHOOL REPORT
School Committee
33
Board of Selectmen
3
Superintendent's Report
35
High School Principal
36
Administrative Assistant
38
Departmental --
Finance
6
Veterans' Services
6
Legal
6
Music Supervisor
44
Art Supervisor
46
Assessing
6
Records
7
Town Meeting and Elections
7
Planning
7
Sanitation
9
Personnel
9
Purchasing
9
Cemetery
9
Weights and Measures
10
Shellfish and Harbor
10
Engineering
11
Fire
12
Civil Defense
12
Police
14
Health
16
Forestry, Dutch Elm &
Moth Div. 18
Public Library 19
Welfare
21
Recreation and Park
22
Water
25
Highway
26
Electric
27
LIST OF JURORS
30
MUNICIPAL ORGANIZATION
31
FINANCIAL STATEMENTS
65
Balance Sheet
66
Consolidated Expenditures
68
Detailed Expenditures
70
Statement of Collections
89
Detailed Payments
91
Cash Receipts, Payments
92
Comparative Tax Structure
94
1956 Assessments
95
Municipal Indebtedness
95
Trust Funds
96
Detailed Taxes
102
Water Department
104
Electric Department
106
Reading Supervisor
47
Audio-Visual Director
48
Opportunity Class Director
49
Guidance Director
50
School Health
50
School Calendar
52
Statistic Data
53
High School Graduates
55
The Staff
56
School Salary Schedule
57
REPORTS
Executive Secretary
5
Burley and Shatswell School 40
Winthrop School
42
THE TOWN OF IPSWICH AT YOUR SERVICE
A handy Check-List and Directory of Often-Used Town Services Emergency - FIRE 137 237
POLICE AMBULANCE 237
HOSPITAL 320
SERVICE
DEPARTMENT
PHONE
Administration, General
Executive Secretary
241
Assessments (Taxes)
Assessors
176
Bicycle Licenses
Police
237
Bills and Accounts
Treasurer
92
Birth Certificates
Town Clerk
318
Burial Permits
Town Clerk
318
Business Certificates
Town Clerk
318
Cemeteries
Cemetery Division .
634-W
Cemetery Deeds
Cemetery Division
634-W
Death Certificates
Health Department
896
Dog Licenses
Town Clerk
318
Elections
Registrars of Voters
318
Electric
Electric Department
140
Employment
Executive Secretary
241
Engineering
Engineering Department
933
Selectmen
241
Town Clerk
318
Fire Department
137
Garbage Collection
Public Works Department
466
Health
Health Department
896
Welfare Department
621
Housing Authority
1464-W
Public Library
834
Licenses (General)
Selectmen
241
Light Department (Office)
140
Lighting Department (Plant)
139
Town Engineer
933
Town Clerk
318
Milk Inspection
Health Department
318
Mortgages, Real Estate
Assessors
176
Moth Protection
Moth Division
1181
Municipal Pensions
Treasurer
92
Municipal Finances
Accountant
553
Old Age Assistance
Welfare Department
621
Ordinance, Town
Town Clerk
318
Parks
Park Division
1247
Planning
Planning Board
919-M
Playgrounds
Playground Division
1247
Purchasing
Executive Secretary
241
Recreation
Recreation Directors
1247
Treasurer
92
Public Works Department
466
School Department (Supt.)
34
High School
34
Burley
367-R
Shatswell
367-W
Winthrop
186
Sewers
Health Department
896
Clam Commissioner
1101-R
Shellfish, Licenses
Police Department
237
Streets, Maintenance
Highway Division
466
Subdivisions
Planning Board
919-M
Tax Collections
Collector
92
Trees
Grounds Division®
1181
Health Department
896
Veterans' Benefits
Veterans' Agent
318
Registrars of Voters
318
Water
Water Division (Office)
140
Water Division (Plant) Sealer
896
Welfare Department
621
Wire Inspector
140
Maps
Marriage Certificates
896
Mortgages, Personal Property
Town Clerk
Home for Aged and Infirm
Housing
Entertainment Licenses
Fishing & Hunting Licenses
Fuel Oil Storage
Library
Lights, Street
Retirement
Rubbish Collection
Schools
35
Nurse
Shellfish
Tuberculosis Hospital
Voting, Registration
139
Weights & Measures Welfare Wiring Inspector
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