USA > Massachusetts > Plymouth County > Middleborough > Town annual report of Middleborough, Massachusetts 1956 > Part 7
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C: An 878 foot gas main extension was made from Route 44 to the new State Police Barracks on Route 28. Several additional cus- tomers were acquired on this main.
D: A 251 foot gas main extension was made from Route 44 along Starrett Avenue where a series of new homes are being built.
E: A 1,130 foot gas main extension was made along Mayflower Avenue from South Main Street to supply-the two newly built schools.
F: A 447 foot gas main extension was made on Oliver Street off North Street.
G: Considerable work was done in accurately locating and mark- ing gas mains and services on roads where contractors were installing sewage and drain pipes. This was done to prevent leaks and disrupting of gas service to customers along Main Street, North Street, Coombs Street and Center Street.
H: The Gas Department excavated and backfilled trenches, and installed electrical duct for underground electrical service, fire alarm conduit, and conduit for telephones at each of the two new schools on Mayflower Avenue. The average lengths of the above ducts and con- duits were about 225 feet at each of the schools.
Other data are: 15
New low pressure services installed
New high pressure services installed 7
Old low pressure services dug up and abandoned 3
Old gas services dug up and completely replaced 4
Old gas services dug up and replaced through cellar walls 10
Manifolds redesigned and changed
34
89
ANNUAL REPORT
Gas main joints dug up and clamped
51
Gas meters dismantled and reconditioned 220
Gas meters tested and sealed by Mass. Dept. of Public Utilities Jobbing orders executed
225
Customers' service calls made
705
New gas mains laid Gas mains abandoned
293 ft.
Gas purchased and made:
For High Pressure Services
4,549,700 cu. ft.
For Low Pressure Services
34,172,800 cu. ft.
Total Purchased
38,722,500 cu. ft.
Increase over 1955
6,647,962 cu. ft.
Increase over 1955
32,737,400 cu. ft.
Gas Sold Other than to G. & E. Dept.
7,031,800 cu. ft.
Gas used by G. & E. Dept.
106,200 cu. ft.
Gas for Lakeville State Sanatorium (Passed through Midd. Mains)
681,200 cu. ft.
Gas on hand
200,000 cu. ft.
Gas Unaccounted for
5,878,900 cu. ft.
Paid Brockton-Taunton Gas
$48,742.50
Average per 1,000 Cu. Ft.
$1.26
Average Cost per 1,000 Cu. Ft. Purchased & Dist.
$3.13
Average Received per 1,000 Cu. Ft. Sold
$3.29
Average Consumption per Customer
20,300 cu. ft.
Miles of Main
29.90
Average Consumers per Mile of Main
53.8
Gas Sold per Mile of Main
1,095,000 cu. ft
Average B.T.U. Per Cu. Ft. Gas
1,005
Mfg. Profit to Profit & Loss (Profit)
$5,198.31
ELECTRIC
a: A big improvement was made in our high voltage station switchboard. The switchboard was sectionalized with a tie circuit breaker for greater flexibility. This will permit us to work on our main transformers without shutting off any customers. It was also converted from 2400 to 4160 volts and the individual circuit cubicles were rebuilt to permit supplying more power to customers. All oil circuit breakers were overhauled and rebuilt to operate on 120 volts instead of 48 volts.
b: At the electric light station, the roof was resurfaced, leaks stopped, gutters repaired, and the brickwork re-apointed.
c: Three phase transformer banks of appreciable size, together with structures, were installed at the new First National Store and at the old Geo. E. Keith Shoe Co. factory which recently changed over from their own steam-electric plant to town power.
d: Electric extensions were made on Mayflower Ave., North Grove St., Bedford St., Harding St. and in Lakeville off Howland Road.
e: Three phase power banks were also installed for Mello's Store in Lakeville, Moskoff's Market, and the two new schools on Mayflower Ave .; the A. & P. and Cooperative Bank were also supplied with 3-phase power from the Underground System.
220
2,706 ft.
90
ANNUAL REPORT
f: Additional circuits were cut over from the old 2400 volt to the new 4160 volt system along South Main St., West Grove St. and parts of North Lakeville. The underground system in the center of the town was also converted to 4160 volts.
g: The transformer capacity of the underground vault at South Main and Center St. was also increased to provide for greater demand of 3 phase power.
h: A considerable amount of neutral wire was run into the East Middleboro area in preparation to changing over to the new 4160 volt system.
I: About two miles of heavy feeder, Hendrix type aluminum, 3-wire cable were run along South Main St. from Route 28 into Lakeville.
j: A considerable number of localized areas were improved with larger wire and transformers to provide better quality voltage.
k: Large-wire underground services of 4-wire, 3 phase type were installed for the new schools on Mayflower Ave.
1: Street lighting was installed along Mayflower Ave. to the new schools and lighting improvements were also made in various other parts of the town.
m: Emergency lighting was installed at the electric light station to operate from the new 120-volt station switchboard battery. The emergency lights are automatically turned on by a relay in case of power failure.
n: Other data are:
Services installed:
New 3-wire-151
Temporary 2-wire-34
Changeover, 2-wire to 3-wire-136
New 3-phase, 3-wire-4
New 3-phase, 4-wire-4
New 2-wire-1
Services replaced-36
Transformers installed:
New-35
Replaced with larger size-33
Poles set:
New
Replaced
4-25 ft.
5-25 ft.
20-30 ft. 16-30 ft.
56-35 ft.
67-35 ft.
9-40 ft.
80 Total 97 Total
Wire installed:
#6WP-14,669 ft.
#4WP-13,660 ft.
#4 Bare Copper-12,003 ft.
#2 Bare Copper-34,960 ft.
91
ANNUAL REPORT
#2 ACSR-aluminum-33,673 ft.
#1/0 Bare Aluminum-22,483 ft.
#6/3 Copper Service Cable-1,538 ft.
#4/3 Copper Service Cable-371 ft. #2/3 Aluminum Service Cable-21,230 ft. 336,400 C.M. Aluminum Vinyl-30,000 ft.
3/8" Copperweld-10,000 ft. Wire removed: #6WP-3,841 ft.
#4WP-8,510 ft. #2WP-1,350 ft.
Electric 1956
K.W.H. Purchased High Tension
16,888,000
K.W.H. Purchased for East and Beach Sts.
34,500
Total K.W.H. Purchased
16,922,500
K.W.H. Increase over 1955
1,380,500
Total paid for Electricity
$182,018.30
Average cost per K.W.H. High Tension
.0107
Average cost per K.W.H. East, Beach and Pine Sts.
.0335
Average cost per K.W.H. Purchased and Distributed
.0222
Average Cost per K.W.H. Sold
.0250
Total K.W.H. sold for lighting
12,884,052
Total K.W.H. sold for power
2,145,050
Total K.W.H. sold
15,029,102
Total K. W. H. Used at Gas House and Electric Station
46,069
Net received per K.W.H. for lighting
$.0349
Net received per K.W.H. for power
.0254
Net received per K.W.H. all classes of services
.0332
K.W.H. used for street lights
393,569
Received for street lights
$10,302.85
Average cost to town per K.W.H. for street lights
$.0262
Mfg. profit to profit and loss (profit)
$124,435.70 $8,941.74
Maximum K.V.A. demand (December)
4,027
Maximum KW demand (December)
3,840
Power factor at maximum demand (April)
.940
Average power factor at maximum demands
.917
GAS AND ELECTRIC DEPARTMENT
Sales 1955
1956
Increase
Gas
$ 99,531.32
$111,143.29
$11,611.97
Light
430,791.37
466,173.43
35,382.06
Street lighting
8,940.03
10,302.85
1,362.82
Power
48,896.63
59,584.83
10,688.20
Jobbing
3,476.27
5,546.86
2,070.59
$591,635.62
$652,751.26
$61,115.64
Accounts Receivable
Gas
$12,269.40
Light
21,482.87
Power
2,288.64
Jobbing
675.19
$36,716.10
Increase in profit over 1955
92
ANNUAL REPORT
Consumers January 1, 1957
Electric Gas
5,176
1,619
Meters Installed January 1, 1957
Gas 1,720
Electric
5,266
Street Lights 1956
Total No.
Total No.
Ave. No. Nights per mo.
White Way Service
4210
30.5
No. Middleboro, Rock
and So. Middleboro 366
K W H Purchased
16,922,500
Total KWH used for street lights
393,569
1956 OPERATING EXUENSE-GAS
Maintenance:
Purchased Gas
$48,742.50 $48,742.50
Transmission and Distribution
Operation:
Removing and resetting meters
$ 338.10
Inspecting and testing meters
380.58
Transmission and distribution, supplies and expense
1,665.18
Water Oil
380.44
Maintenance:
Maintenance of Street Mains
$3,677.47
Maintenance of Services
9,817.80
Maintenance of Consumers' Meters
2,979.68
Maintenance of Misc. Structures
281.90
16,756.85
UTILIZATION EXPENSE
Operation:
Maintenance of Consumers' Installations $10,053.66 $10,053.66
GENERAL AND MISCELLANEOUS
Salary of Manager $1,500.00
Salaries of General Office Clerks 3,282.69
Meter Readers 1,260.88
Ave. No. Hours per night 11 hrs. 30 min.
11 hrs. 30 min.
Nights 366
Hours
4210
30.5
12.00
2,776.30
93
ANNUAL REPORT
General Office Supplies and Expense
1,999.65
Insurance
709.06
Transportation Expense
1,007.13
Miscellaneous General Expense
4.50
Depreciation
14,159.95
Advertising
48.98
Uncollectible
113.39
24,086.23
Total Expense
$102,415.54
Balance to Profit and Loss (Profit)
5,198.31
$107,613.85
INCOME-GAS
From Sale of Gas
$111,143.29
Less Discounts, Rebates, etc.
3,529.44
$107,613.85
1956 OPERATING EXPENSE-ELECTRIC
Maintenance:
Electric Energy Purchased
$182,018.30 $182,018.30
TRANSMISSION, DISTRIBUTION AND STORAGE
Operation:
Transformer Station Labor
$16,023.81
Transmission and Distribution Lines
141.26
Transf. Sta. and Sub. Sta. Expense
691.36
Water
41.04
Inspecting and Testing Meters
1,005.68
Removing and Resetting Meters
1,977.78
Removing and Resetting Transformers
1,285.54
Transm. and Dist. Supplies and Expense
2,742.36
Maintenance:
Maintenance Sta. and Sub. Sta. Equipment
505.33
Maintenance Station Structures
329.96
Maintenance Transm. and Distribution Lines
58,496.90
Maintenance Underground Conduits
686.15
Maintenance Underground Conductors
1,550.63
Maintenance Consumers' Meters
58.14
Maintenance Transformers
1,161.70
UTILIZATION
Operation:
Munic. Street Lamps, Supplies and Expense 3,222.80
Maintenance Consumers' Installations 262.19
23,908.83
62,788.81
3,484.99
94
ANNUAL REPORT
GENERAL AND MISCELLANEOUS
Salary of Manager
$ 7,500.00
Salaries of General Office Clerks
16,412.97
Meter Readers
6,280.78
General Office Supplies and Expense
3,913.98
Insurance
1,865.36
Transportation Expense
5,680.66
Depreciation
58,462.56
Advertising
668.85
Misc. General Expense
2,072.23
Uncollectible
283.18
103,140.57
Total Expense
$375,341.50
Balance to Profit and Loss (Profit)
124,435.70
$499,777.20
INCOME
From Lighting
$466,173.43
From Street Lighting
10,302.85
From Power
59,584.83
$536,061.11
Less Discounts and Abatements
36,283.91
$499,777.20
Profit and Loss Account
By balance at beginning of year By balance gas operating expense
$913,844.89
5,198.31
By balance electric operating expense
124,435.70
By balance gas jobbing account By balance electric jobbing account By Interest on Matured War Bonds
3,101.20
To Middleborough signal system expense
$ 7.00
To Town of Middleborough to reduce taxes
35,000.00
To Town of Middleborough for Town Hall To balance account
5,000.00
1,015,329.56
956.46
7,800.00
$1,055,336.56 $1,055,336.56
95
ANNUAL REPORT
1956 BALANCE SHEET
ASSETS
Investment-Gas
Land-Gas
$ 2,857.89
Structures
59,329.93
Other Equipment at Works
6,817.81
Street Mains
40,084.74
Services
21,082.64
Consumers' Meters
6,676.09
Consumers' Meter Installations
2,293.42
Office Equipment
210.89
Laboratory Equipment
232.14
High Pressure Gas Line
3,505.91
High Pressure Services
2,644.93
Transportation Equipment
985.74
Miscellaneous Equipment
6,579.60
Gas Generating Equipment
87,274.48
Purification Apparatus
1,187.50
Investment-Electric
Land-Electric
7,639.85
Rights of Way
2,846.65
Rights of Way-Brockton H. Tension
3,813.70
Rights of Way-Tremont
6,307.31
Rights of Way-Taunton
4,339.33
Rights of Way-Navaho Shores
5.35
Structures
10,323.08
Reservoirs, Dams, Canals and Waterways
477.25
Water Turbines and Water Wheels
60.36
Transf. Station and Substation Equipment
55,321.88
Poles, Fixtures and Overhead Conductors
295,558.75
Consumers' Meters
52,893.07
Consumers' Meter Installations
13,181.26
Line Transformers
74,228.66
Line Capacitors
1,200.88
Transformer Installations
5,609.17
Street Lighting Equipment
18,968.17
Underground Conduits
22,667.64
Underground Conductors
22,549.51
Brockton High Tension Line
3,415.57
High Tension Line Project-Tremont
9,029.11
High Tension Line-Taunton
308.69
Office Equipment
990.94
Transportation Equipment
15,785.47
Miscellaneous Equipment
10,054.99
Laboratory Equipment
540.31
Current Assets
Cash on Hand
73,541.41
Accounts Receivable
36,716.10
Inventory
41,001.83
Unadjusted Credits
49,869.13
96
ANNUAL REPORT
Reserve Funds
Construction Fund Depreciation Fund Special Deposits Fund
5,776.52 136,736.30 6,342.18
Liabilities
Loan Repayments
162,200.00
Appropriation for Construction Repayments
45,992.39
Consumers' Deposits
6,342.18
Profit and Loss Balance
1,015,329.56
$1,229,864.13 $1,229,864.13
Plant Investment-Book Value
Gas
$241,763.71
Electric
638,116.95
$879,880.66
1956 CONSTRUCTION AND DEPRECIATION DRAFTS
Gas
Expended for:
Gas Meters
$ 127.90
Gas Mains
5,742.38
Gas Services
1,482.46
Consumers' Meter Installations
50.25
High Pressure Services
734.65
Miscellaneous Equipment
2,700.00
$10,837.64
Electric
Expended for:
Structures
$ 8,029.98
Poles, Fixtures and Overhead Conductors
72,583.45
Consumers' Meters
8,201.91
Consumers' Meter Installations
828.02
Transformers
8,517.67
Transformer Installations
598.12
Street Lighting
2,957.57
Underground Conduits
748.50
Underground Conductors
2,995.25
Transportation Equipment
8,991.15
Trans. Station and S.S. Equipment
8,474.19
Miscellanous Equipment
2,742.36
Capacitors
652.32
$126,320.49
$137,158.13
97
ANNUAL REPORT
STATEMENT OF ACCOUNTS
Depreciation Fund
1956
Jan. 1 Balance in
Dec. 31 Dec. 31
Payments $51,782.21
Town Treas. $108,096.00
Interest on
Bonds
7,800.00
Dec. 31 Transferred from Operat- ing Fund 72,622.51
$188,518.51
$188,518.51
Construction Fund
Dec. 31
Payments
$ 85,375.92
Dec. 31 Transferred from Operat- ing Fund 80,000.00
$ 91,152.44
$91,152.44
Operating Cash
Dec. 31
$60,365.42
Transferred to Depreciation Fund
72,622.51
Dec. 31
Transferred to Construc- tion Fund 80,000.00
Dec. 31 Transferred to Town of Middleboro for Use of Assessors 35,000.00
Dec. 31
Dec. 31 Bad Debt Paid
70.32
Dec. 31 Refunds Rec.
6,787.67
Dec. 31 Collections
605,021.00
Dec. 31 Payments
406,070.20
Dec. 31 Transferred to Res. Sales
10.29
Dec. 31 Balance in Town Treas.
73,541.41
$672,244.41
$672,244.41
Deposits Fund
Dec. 31
Payments
$ 5,672.00
$ 6,559.18
Dec. 31
Balance in
Dec. 31 Collections
5,455.00
Town Treas.
6,342.18
$12,014.18
$12,014.18
Jan. 1 Balance in Town Treas. Refund
$10,674.06 478.38
Dec. 31
Balance in Town Treas. 5,776.52
Jan. 1 Balance in Town Treas.
Transferred to Town for Town Hall
5,000.00
Jan. 1
Balance in
Town Treas.
Balance in Town Treas. 136,736.30
7
98
ANNUAL REPORT
SUMMARY OF 1956 RECEIPTS AND EXPENDITURES
Balance-January 1, 1956
$185,694.66
1956-Receipts
From Interest on Bonds
$ 7,800.00
From Gas Sales
103,970.16
From Light Sales
432,083.98
From Street Lighting
10,302.85
From Sale of Power
53,656.17
From Jobbing
5,007.84
From Deposits
5,455.00
From Refunds
7,266.05
From Bad Debt Paid
70.32
625,612.37
$811,307.03
Paid Out-1956
Depreciation
$51,782.21
Construction
85,375.92
Jobbing
1,638.36
Operation
404,431.84
Deposits
5,672.00
To Residential Sales Account
10.29
Town of Middleboro for Use of Assessors
35,000.00
Town of Middleboro for Town Hall
5,000.00
588,910.62
Balance January 1, 1957
$222,396.41
Construction Fund
5,776.52
Depreciation Fund
136,736.30
Operation Fund
73,541.41
Deposits
6,342.18
$222,396.41
99
ANNUAL REPORT
CONCLUSION
Electric Light companies have been faced with increasing costs in recent years to such an extent that some have been forced to ask for rate increases. Our costs of operation have also gone up. One expense which used to be small, or even nothing, is the Fuel Charge which was $11,333.40 for 1956 and $1,663.00 for just the month of December. The Fuel Charge depends upon the cost of oil which has been steadily increasing in price and which is used for generating electricity. The Department also spends over $7,000 per year, more than is received, for street lighting because of a state law that has not been revised for many years.
Another irregular expenditure of over $15,000 by the Gas & Elec- tric Department was for construction to supply electricity, gas, street lights, etc. for the two new schools on Mayflower Ave. It is gratifying that we still were able to make a good profit, a part of which we expect will be given back to the Town for reducing taxes.
The use of gas has increased substantially this year. This is partly due to our lowering of gas rates last year, Free Service, and because the cost of other fuels has been going up thus making gas a better value than ever before. In spite of reducing our rates to customers and our increasing costs, we are able to show a modest profit in the Gas Division.
The cooperation of the Board of Selectmen, town officials and em- ployees, and our customers is appreciated.
Respectfully submitted,
STEPHEN HORBAL,
Manager
100
ANNUAL REPORT
Public Service
REPORT OF THE VETERANS' SERVICE DEPARTMENT
To the Honorable Board of Selectmen, Town of Middleborough
Gentlemen:
The following is the annual report of the Department of Veterans' Services for the year ending December 31, 1956.
The expenditures for 1956 have increased in cost and number of cases handled over the 1955 budget on account of the case load and the increase in the law of the amount allowed both for hospitalization and aid. Also, the number of veterans, servicemen, and their depen- dents now in the Town and out of Town if they have a Middleboro settlement.
Medical, hospital, rest home and nursing home cases have increased especially among the older people in the number of cases handled and the amount allowed by the State for the year 1956. These cases are of a permanent nature and their stay is usually indefinite.
Veterans' Benefits cases are paid by the State and Town on an equal basis, each paying one-half of the cost.
All cases are investigated by the State Inspectors and all records and amounts paid on Veterans' Benefits cases are investigated and approved by the Commissioner's Office before being paid and all expenditures accounts are audited by the Commissioner's Office and State Auditors annually.
The following is a list of cases which have been handled by this office during the year of 1956.
Allotment of Allowance
5 34
Civil Service
Discharges
224
Copies
500
Recorded
224
Schooling
71
Employment
60
Finance
41
Flags - U. S. Burial
12
101
ANNUAL REPORT
Gratuity - Six Months
ยท 1
Grave Marker
13
Information
5000
Legal Aid
7
Maternity
5
Readjustment Insurance
42
Social Security
90
Taxes
41
Telephone Calls - In. & Out. Calls
3000
Letters - Sent Out
1800
Unemployment Compensation
70
Veterans' Administration
296
Burial - Veterans
14
Burial - State
1
Compensation
14
Training
17
Rehabilitation
21
Hospitalization - Local and VA
36
Housing
19
Insurance
12
Legal
15
Loans
20
Medical - Dental - Local and VA
204
Glasses
3
Pensions
19
VA Physical Examinations
21
Veterans' Benefits
200
Vital Statistics
320
Miscellaneous
1000
Notary Public
1200
Mustering Out Pay
4
Other Records
531
Records of Applicants
340
Investigations Made
341
Photostats made of Bills, Discharges, Marriages, Court,
2400
Birth and Death Records, Divorce and Town Records Lost Discharges
4
Veterans Put To Work - To Place of Employment and Where Employment Was Open
52
Veterans Looking for Work
60
Bonus Application
141
Funeral Services for Burial of Veterans
14
Burial Allowance Gov't
14
Widows Pensions
12
54
Veterans' Administration Disability Certificates for Taxes Filing of Yearly Applications for Amount of Income for Widows and Veterans
60
Flags Obtained for Veterans - Burial
14
Veterans Sent to Schools
15
Flags Purchased and Placed on Every Veteran's Grave on May 30th
876
Care of Veterans Graves
431
Pondville Cases
8
Rest Home Cases
4
31
Interment Forms
102
ANNUAL REPORT
The number of cases and the work in this office has increased from year to year.
I wish to thank the Town Counsel, Town Manager, Treasurer, Town Clerk, Police Department, Doctors and the District Nurse of this Town for their splendid cooperation during the year of 1956.
Respectfully submitted,
LOUIS A. COLE, Director of Veterans' Services
REPORT OF THE DOG OFFICER
To the Honorable Board of Selectmen: Town of Middleboro
Gentlemen:
I hereby submit my report as Dog Officer for the year 1956.
Number of dogs picked up
131
Number of dogs redeemed by owners
87
Number of dogs dead on highway 79
Number of dogs sold
3
Number of dogs destroyed for individuals
190
Number of cats destroyed for individuals 502
Number of complaints answered
101
Respectfully submitted,
ARTHUR F. BENSON
Dog Officer
REPORT OF TREE WARDEN
The Elm trees in Middleborough have been attacked by the Dutch Elm Disease which has been rather unsuccessfully fought by the means of spraying and cutting down of diseased trees. The disease has spread rapidly and indications are that all of our Elm trees may eventually be eliminated.
In cooperation with the School Department, through thier Agricul- tural Department, a program has been initiated for the purpose of establishing a nursery at the Town Farm wherein our own supply of shade trees may be grown. Varying types will be planted and seeds are to be obtained from the United States Department of Agriculture.
The Gypsy Moth menace has ben fought with all available forces, including our own personnel from the ground, and the Department of Natural Resources from the air. No definite report of the results has been received.
LOUIS H. FORNEY, Tree Warden
:
103
ANNUAL REPORT
REPORT OF MIDDLEBOROUGH HOUSING AUTHORITY
January 12, 1957
Board of Selectmen Middleborough, Massachusetts
Gentlemen:
The year 1956 was the seventh successive year of successful opera- tion of the Veterans' Housing Project at Archer Court. The 28 apart- ments at the Project were fully tenanted throughout the year; while the turnover of tenants was rather large, with eight families moving during the year, the vacancies were filled immediately without loss of revenue.
The general physical condition of the property has been main- tained at a very high level during the year. Preparations for exterior painting the entire Project were begun in 1956, to be completed in 1957. With the building of two new schools off Mayflower Avenue the approach to the Project has been greatly improved.
The Middleborough Veterans' Housing Project was constructed and is operated under Chapter 200 of the General Laws of Massachusetts to provide low cost housing to veterans of limited income. Low rents are made possible by a State subsidy, a maximum of $7,000.00 for Middle- borough. Admission to the Project is restricted to veterans whose family income ranges between $2,000 and $3,500 although if once admitted the veteran may remain until his family income reaches a maximum of $4,000.00. The amount of rent paid is determined by the veteran's income and the size of his family, with large families paying a slightly lower rent than small families.
The average shelter rent for 1956 was $39.34 and the average charge for all utilities, electricity, heat and water was $18.83 per month. The subsidy from the Commonwealth for the year amounted to only $4,540.34 and the Project ended the year with a surplus of $1,918.44. $1,008.00 was paid to the Town of Middleborough in lieu of taxes.
The appended financial statement shows the excellent financial condition of the Authority at the end of the year.
Respectfully submitted,
ROBERT H. AYOTTE,
Executive Director
104
ANNUAL REPORT
BALANCE SHEET December 31, 1956 Assets
Cash in Banks
$ 7,440.17
Accounts Receivable-Tenants
45.90
Fiscal Agent's Funds
7,231.25
Investments
10,000.00
Debt Service Trust Fund
829.17
Prepaid Insurance
1,354.82
Development Costs, Unliquidated
$255,000.00
TOTAL ASSETS
$281,901.31
Liabilities
Accounts Payable, Development
$ 99.95
Accrued Liabilities
7,231.25
Tenants' Security Deposits
280.00
Bonds Outstanding
255,000.00
Reserves
17,371.67
Surplus, December 31
1,918.44
TOTAL LIABILITIES
$281,901.31
FINANCIAL STATEMENT January 1, 1956 - December 31, 1956
INCOME:
Dwelling Rents
Miscellaneous Income
$19,544.40 131.25
TOTAL INCOME
EXPENSES:
Administrative Costs
$1,989.43
Utilities
8,394.85
Repairs & Maintenance
1,988.47
Insurance
908.86
Payment in Lieu of Taxes
1,008.00
Provision for Reserves
1,166.30
Debt Service Requirements
9,301.30
Deficit State Contribution Reduction from Prior Surplus
($5,081.56)
$4,540.34
2,459.66
SURPLUS, December 31
$1,918.44
$19,675.65
$24,757.21
105
ANNUAL REPORT
REPORT OF THE COLLECTOR OF TAXES
Outstanding Taxes December 31, 1956
Tax Levy, 1955 Real Estate
$ 10,311.15
Tax Levy, 1956 Real Estate
77,336.51
Tax Levy, 1955 Personal
1,060.40
Tax Levy, 1956 Personal
9,533.90
Tax Levy, 1955 Excise
120.57
Tax Levy, 1956 Excise
24,080.01
Tax Levy, 1955 Poll
20.00
Tax Levy, 1956 Poll
76.00
Tax Possession (Town Owned Property)
3,443.49
Tax Title Account (In charge of Treasurer)
1,838.18
$127,820.21
CHESTER L. SHAW Collector of Taxes
REPORT OF THE TOWN TREASURER OUTSTANDING INDEBTEDNESS December 31, 1956
JR. AND SR. HIGH SCHOOL BONDS PAID BY TAXATION
Amount
Date
Due Date
Interest
$50,000.00
Jan. 15, 1955
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