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92
TOWN DOCUMENTS
[Dec. 31
Please pardon the delay in transmitting these reports.
Very truly yours, LOIS M. DRAPER Assistant Chief Examiner.
REPORT OF EXAMINATION OF THE CONTRIBUTORY RETIREMENT SYSTEM SAUGUS, MASSACHUSETTS
Hon. Charles F. J. Harrington Commissioner of Insurance
Boston, Massachusetts
Sir:
In compliance with instructions, the regular triennial examination of the condition and affairs of the Town of Saugus Contributory Retire- ment System has been completed. A report, showing the income and disbursements for the year, also the assets and liabilities as of December 31, 1941, is submitted herewith.
HISTORY
The system began to function on July 1, 1937, in accordance with the provisions of Chapter 318 of the Acts of 1936 and is now operating under Chapter 32 of the General Laws.
INCOME
Members' Deductions
Deductions were made by the treasurer of the system in accordance with statute. A test check was made from original payrolls to the war- rant book for a sufficient period to determine the accuracy of postings. The warrant book contained the total deductions by departments and by weeks in which the deductions were made. Postings from the warrant book to the cash book were carried to the cash book for the entire year. A test check was also made of various periods since the last examination.
Contributions by the Town
The annual amounts necessary as contributions to the pension ac- cumulation fund to provide for the accrued and normal liabilities of the system were paid in the amounts prescribed by the Department. Con- tributions were also made for guaranteed interest of the funds over earned interest during the preceding year and for administrative expenses of the system.
Investment Income
Interest received from bonds was checked and it was found that all due interest had been collected. Dividends from a savings bank deposit was also received.
DISBURSEMENTS
Annuity and Pension Payments
Payments to pensioners were checked from pension payrolls to cancelled checks and thence to cash book. All payments were in agree- ment with the amounts authorized by the Department.
Refunds
Applications for return of accumulated deductions were received from several members leaving the service of the town. Cancelled checks and vouchers were examined and the amounts drawn were in agreement
93
REPORT OF TOWN ACCOUNTANT
1943]
with the credits shown on members' deduction cards. All payments were allocated to the proper accounts in the cash book.
Administrative Expenses
Expenses of administering the system consisted of the usual neces- sary items. Vouchers drawn in payment of all expenses were signed by the required members of the board. Cancelled checks were seen and checked to the accounting records. Payments for bonds of the three members of the board and for safe deposit box rental were included among these disbursements.
Decrease in Bonds
Some of the bonds owned were purchased at a premium and it was necessary to make an adjustment so that the book value and amortized value would coincide.
LEDGER ASSETS
Bonds
Bonds are carried on the books at their amortized values and all adjustments have been correctly made to date. The bonds are kept in a safe deposit vault in Boston and entry to the box is in the sole control of the treasurer. The book value as of date of entry was proved and the balance as of December 31, 1941, was verified by checking all transactions during the intervening period.
Cash
The cash balance on date of entry was reconciled with the statement received from the depository and the usual bank certificate. The balance as of date of examination was verified by checking all cash transactions between the two dates.
Savings Deposits
There was a deposit in a savings bank as of December 31, 1941, as shown by the pass book but this account was closed in July, 1942, and the proceeds were used to purchase defense bonds.
NON-LEDGER ASSETS
Interest Deficiency
The total interest earned during the year was not sufficient to credit the funds with statutory interest and it was necessary to request the amount of the deficiency from the town. Accrued interest on bonds as of December 31, 1941, should have been added to the interest received during the year to arrive at the correct interest deficiency. This amount was not taken into consideration when the request for the deficiency was made to the town. It is recommended that any interest due or accrued at the end of the year be taken into consideration when requesting sub- sequent deficiencies.
LIABILITIES
Annuity Savings Fund
The balance in this fund has accumulated from deductions made from members' salaries by the treasurer of the system. A trial balance was taken off from members' cards, the total of which differed from the ledger balance. This necessitated a detailed check on income from deductions since the last examination in addition to all interest credited. Errors were detected and a journal entry in the amount of 20c was given to the accountant and as a result the total of the cards and the balance as shown by the ledger were brought into agreement as of the examination date. All refunds and retirements have been correctly charged to this fund and statutory interest has been credited to date.
94
TOWN DOCUMENTS
[Dec. 31
Annuity Reserve Fund
This fund is credited with the amount of accumulated deductions and interest to date of retirement. Annuities paid are charged to the fund at the close of the year. Transfers from the annuity savings fund have been correctly made and statutory interest has been credited.
Pension Accumulation Fund
The pension accumulation fund balance has been verified from an accounting and examination standpoint. This fund as of the examination date consists of contributions made by the governmental unit on the basis of accrued and normal contributions determined by the Actuarial Division of this Department. The fund is used as an amortization basis for dis- charge of the liability created by crediting prior service. The present amounts contained in this fund represent the accrued portion of the lia- bility on which the unit has already paid contributions. Under the law, accumulations to this fund are provided for until the reserve is the equiva- lent of the present value of such service actuarially computed. This value will not be arrived at for some years to come.
The contributions made have been estimated on the basis of general experience with retirement funds until a complete actuarial valuation of the fund has been made as provided for in Section 31F, Chapter 32.
The reserves contained in this fund have not yet been established on a complete actuarial valuation. The law prescribes a period of three years in which accumulation and verification of the necessary data is made. When the necessary valuation functions have been determined, a complete valuation of this and the other funds will be available.
Expense Fund
The annual contributions by the town have been in excess of the amounts expended for administrative expenses leaving the balance shown.
RECORDS
The record book containing the minutes of the meetings of the re- tirement board were read and, with but a few exceptions, it was found to contain the necessary votes and authorizations. In a few instances, such as approving purchases of securities, the record book contained only the amount authorized and did not designate the bond to be purchased.
GENERAL
The accounting and statistical records of the system are kept in first class condition. Recommendations made during the last examination have been carried out in every detail. Suggestions were made during this audit that were readily accepted and full cooperation was obtained from all persons concerned with the administration of the system.
The personnel of the board includes the following members:
Chairman, RALPH QUIRK Secretary, WILLIAM H. ROBINSON DELMONT E. GODING
Respectfully submitted,
THOMAS W. McCORMACK Examiner
Boston, Massachusetts January 28, 1943
DETAILED FINANCIAL STATEMENT AS OF DECEMBER 31, 1941 IS ON FILE IN THE OFFICE OF THE RETIREMENT BOARD AND TOWN ACCOUNTANT, TOWN HALL, SAUGUS, MASS.
95
REPORT OF TOWN ACCOUNTANT
1943]
Report of The Contributory Retirement Board
To the Members of the Retirement System, Saugus, Mass.
The Contributory Retirement Board herewith submits its seventh annual report for the year ending December 31, 1943:
ACTIVE MEMBERS
Group 1
Male
Female
Total
Membership, December 31, 1942
45
20
65
Enrolled during 1943
6
8
14
51
28
79
Withdrawals
3
6
9
Retired
2
0
2
Deaths
0
0
0
46
22
68
Group 2
0
0
0
Enrolled during 1943
27
0
27
27
0
27
Withdrawals
1
0
1
Retired
0
0
0
Deaths
0
0
0
Active Members, December 31, 1943
72
22
94
Membership, December 31, 1942
4
2
6
Retired during 1943
2
0
2
6
2
8
Deaths
1
0
1
,
5
2
7
77
24
101
ACTIVE MEMBERS-GROUP 1
On Leave of Absence in Armed Forces of the United States Name
Occupation Date of Leave
Robert F. Griffin
Laborer
May 16, 1942
James H. McCadden
Laborer
April 18, 1942
John T. Marlborough
Laborer
June 9, 1942
Henry M. Hodgkins
Meter man
September 26, 1942
George M. Berrett
Tree Surgeon
December 26, 1942
ACTIVE MEMBERS-GROUP 2
On Leave of Absence in Armed Forces of the United States Robert F. Griffin
Call Fireman May 16, 1942
Edward F. Newbury
Reserve Policeman November 1942
George M. Berrett
Call Fireman
December 26, 1942
Walter B. Wetmore
Call Fireman
July 1, 1942
Charles A. Ryder
Regular Fireman August 2, 1943
26
0
26
Membership, December 31, 1942
PENSIONERS
Total Membership, December 31, 1943
96
TOWN DOCUMENTS
[Dec. 31
Withdrawals during 1943
Name
Occupation
Date of Withdrawal
Clerk
March 26, 1943
Vivian B. Copp
Librarian
June 30, 1943
Jean B. Shackleford
Asst. Librarian
August 13, 1943
Grace D. Raynes
Social Worker
May 15, 1943
Arthur S. Husson
Laborer
August 17, 1943
*Joseph A. Vatcher Chester C. Jones
Laborer
July 29, 1943
Jr. Bldg. Custodian
October 16, 1943
Doris W. Allen
Clerk December 20, 1943
Alice P. Merriam
Asst. Librarian
December 9, 1943
John I. O'Brien
Reserve Policemen
December 20, 1943
*Transferred to City of Lynn.
Deaths during 1943 none
PENSIONERS
List of Surviving Pensioners
Name
Occupation Date Retired
Hatch, Raymond D.
Janitor
September 8, 1937
Sutherst, Thomas C.
Plumbing Inspector October 3, 1937
Porter, Sarah W.
Janitor April 4, 1938
Day, Albert C.
Pumpman July 1, 1939
Shores, Lillian
Chief Clerk May 17, 1941
*Lynn, Andrew C.
Jr. Bldg. Custodian January 2, 1943
*O'Neil, Maurice F.
Jr. Bldg. Custodian
July 10, 1943
Deaths during 1943
Name
Occupation Date Deceased
Quint, Joseph J.
Janitor February 19, 1943
*Temporarily re-employed during the continuance of the existing state of war in accordance with the provisions of Chapter 16 of the Acts, Special Session, 1942.
STATEMENT OF OPERATIONS SUMMARIZED
Cash Receipts
Cash Payments
Cash on hand Jan. 1, 1943 $1,643.23
Investments
$13,000.00
Employees Contributions:
Group 1
6,185.67
Retirement Allowances: Annuities Paid 130.79
Group 2 289.15
Prior Service 3,379.32
Subsequent Service
130.79
Refunds:
Pension (Normal Liability)
2,890.00
Deposits
1,161.84
Interest
16.35
Interest Deficiency
401.14
Expense
400.86
Group 2:
Deposits .50
Investment Income
1,442.50
Cash on hand Dec. 31, '43 1,400.61
$19,560.55
$19,560.55
Expenses 340.35
Appropriation by Town: Pensions (Accrued Liability) 6,308.00
Group 1:
Miriam A. Cameron
TOWN OF SAUGUS, MASSACHUSETTS Summarized Statement of Appropriations and Disbursements and Available Funds for the Year Ending December 31, 1943
CREDITS
BALANCES
Binlanre carrbi over from 1942
Revenue Appropriation AUDUNI T. M.
Transferred from Reserve Fund
Hefunds
Other Crodiis
Total
menta
Reverting 10 Surplus
Carried over to 1944
Source
Amount
Finance Committee
440.00 $25.00
S 4.10.00 625.00
S 419.62 526,94
$ 20.38 99.06
Board of Appeals
250.00
250.00
2511.00
Board of Selectmen
2,200.00
2,200,00
2,101.23
98.77
Selectmen (Water Survey Comm.)
6,200,00
New Accounting System
121,91
120,00 100.00
6,800,00
6.797.83
2,17
76,00
38.00
37.00
Foreclosure of Tax Titles
181.69
3.600,00
$ 18.75 38.69
9,138,69
0,138.69
Tax Title Expense
385.75
214.25
Assessing Department
8,730.00
67.25
Town Clerk
1,260,00
1,239.55
10.43
4,590,02
209.98
Town Hall
1,567.89
1,656.14
1.75
6.965,4G
.04
Engineering
6,300,00
6,299.93
.07
Total for Central Government
$ 1,361,43
$ G5,170,00
$ 1,945,00
$ 75.49
$68,551.98
$ 66,905.98 $801.25
$842.7%
PROTECTION OF PERSONS AND PROPERTY : I'olico Department
$ 39,500.00
5 13.95
$ 39,613,95 2.417.86
$ 39,499.88 2,350,00
V 1.4.07
Two-Way Radio
$ 2,447,85
Fire and Police Building Maintenance
4,244.46
140,64
Town Constable
100.00
Fire Department
42,176.47
323,53
l'urchase Fire Pump
10.700,00
To Snow and Ice
($350.00)
10,350,00
10,269,00
81.00
Fire Alarmı Division-Unpaid Billa
110.00 200.00
200.00
400,00
373.88
26,12
Building Inspection
2,500,00
2,000.00
1,050,00
950.00
Gypsy Moths
4,700.00
2,62
4,702.62
4,030.61
652.11
Remove Trees on Linden Avenue Public Safety Committee
75.00
57.04
Harbormaster
3,941,15
2,400.00
6.341 15
2,509.59
$3,831,56
Rationing Board
36.73
500.00
536.73
411.19
Total for Protection of Persons and Property
$ 15,275.73
$105,207.50 $ 200.00
$ 16.57
($350.00)
$122.349.80
$114,419.49
$3,533.21
$4,397,10
HEALTH AND SANITATION: Health Department
$ 15,000,00
$ 15,000.00
$ 14,412.86
$587.14 43,35
Removal of Garbage
3,500.00
3.500 00
3.500,00
Collection of Ashes and Refuse
6,200,00
6,200 00
6,196.91
3.09
Mosquito Control
850.00
$ 2,838.15
From W.P.A. Projects
$1,200.00
11,238,15
11,228.85
Total for Health and Sanitation
$ 29,850,00
2,838.15
$4,200,00
36,888,15
$ 36,245,25
$G42.88
Highways
Snow and Ice Removal
From Purchase Fire Pump
$ 360.00
6,650.00
6,599.74
50.26
Street Lighting
Highway Surface Treatment
Chap. 94, Maintenance (1941 Cont. No, 8297) _
(1,550,65)
From Commonwealth of Mass. Raised in 1943 Tax Levy. From Comnionwealth of Mass.
55.1.
1.00
None
1.00
Chap, 90, Maintenance (1942 Contract No. 8533)
(1,057.92)
81.51
From Commonwealth of Mass. 137.21
39.2
4.433.35
4,529.84
Replace Fence on Spring St.
190.00
Total for Highways and Bridges
(2,452.28)
$ 66,000.00
311.51
33.35
$4,391.26
$ 68,283.84
$ 68,126.73
362.08
$ 95.03
CHARITIES AND SOLDIERS' BENEFITS: Old Age Assistance-Aid
$ 45,000.00
S 959.39
153.95
40,726.27
$ 93,839.63
$ 92,863.48
976.15
Old Age Assistance-Administration
1,200.00
100.00
3.50 From U. S. Granty
1,375.80
3,029,30
2,960.92
68.38
Aid to Dependent Children-Aid
6,000.00
42.50
From U. S. Grants
1,417.25
6,459.55 780.55
6,157.95
301,80
Aid to Dependent Children-Administration
370.00
From U. S. Grants
410.55
Public Welfare- Temporary Aid
25,000.00
To O.A.A .- Aid .
(7,000.00)
Public Welfare-1942 Encunibrances
$ 10.05
2.30
4,902.30
4,888.77
13.53
Soldiers' Relief
14,000.00
25.00
14,025.00
11,375,31
2,649.69
State and Military Aid
3,000.00
Soldiers' Burials
100.00
195.00
6.140,65
6.054.60
86.05
W.P.A. Projects-unpaid Bills
1,627.35
$104,600.04
$ 100.00
$ 1,283.54
$157.670.47
$145,535.67
10,607.45
$1,527.35
SCHOOLS AND LIBRARIES: Schools
$256,400.00
$256,404.50
$256,194.57
$ 209.93
Schoolhouse Repairs
12,000,00
12,000,00
11,841.06
158.94
Trade School Tuition
2,000.00
2,000,00
1,076.58
924.42
Stadium Maintenance
1,000,00
13.00
From County Dog Licenses 2,500.04
10,813.04
10,810.34
Total for Schools and Libraries
$279,700.00
17.50
$2,500.04
$282,217.54
$280,910.14
$1,307.40
RECREATION AND UNCLASSIFIED:
2,000.00
$ 1,985.41
S 14.56
Pensions
6,361,00
40.00
6,401.00
6,361.00
40,00
Contributory Retirement Fund
10,000.00
950.96
854.01
50,95
Memorial Day
550.00
650.00
260.40
289,60
1.100,00
1,077,90
22.10
12,000.00
16.00
12,016.00
10,768.65
1,247,35
850.00
850.00
Land Taking -- Berrett
$ 1.00 1.00
4,000.00
4,000,00
00.00
400.00
Indemnify Walter F. Neal .
800.00
300,00
300.00
173,65
326,35
225.00
168.50
56,50
Total for Recreation and Unclassified
$ 2,00
$ 38,486.00
$ 750.96
$ 39,294.96
$ 32,819.55
$1,692.56
$4,782.85
ENTERPRISE AND CEMETERIES:
Water Purchase
$ 20,000.00
From Temporary Loan Interest ... $ 2,000.00
22.000.00 21,609,44
$ 21,302.56
$ 697.24
Water Maintenance
21,000,00
& 609.44
500.00
499.82
Hydrants, Gates and Meters
500.00
500,00
Water Services
1,300,00
1,299.90
Purchase Chlorination Unit
1,395.07
105,92
1,289.15
Purchase Two Booster Pumps
896,63
None
896,63
Cemetery
14,200,00
114.33
From Perpetual Care Income 1,800.00
16,114,83
16,114.33
Total for Enterprise and Cemeteries
$ 2,291.50
$ 57,500.00
114,33
G09.44
$ 3,800.00
$ 64,315,47
$ 61,430.60
$2,884.85
INTEREST AND MATURING DEBT:
10,000.00
(2,000.00)
₡. 8.000.00
1,493,95
$3,506,05
Relief Loans
2,000,00
2,000,00
2,000.00
157.50
Fire and Police Building Loan
5,000.00
5,000.00
5,000,00
Interest on Fire and Police Building Loan Sewer Loans
9,400.00
18.000,00
18,000.00
Interest on Sewer Loans
11,560.00
11,550.00
11,550.00
Total for Interest and Maturing Debt
$ 39,407.50
$ 6,600,00
46,007.50
42,601.45
$3,506.05
TOTALS-Revenue Accounts
$ 26,021,69
785,981.04 6,000.00
5,508,99
2,091.89
$65,956.10
885,579.71 491.01
848,896.88
$25,037,77 491,01
$11,645.0G
Reserve Fund
Balances Carried Over from 1942
26.021,69 791,981.04
(791,981.04)
(2,091.89)
($65,976.10)
848,896.38 25,528.78
($25,528.78)
Balances Carried Over to 1944
11,645,06
(11,645.06)
$886,070.72
$880,070,72
$886,070.72
NDN-APPROPRIATION ACCOUNTS:
From Interest
$ 81.41
$ 5,489.00
$ 5,489.00
Sale of Cemetery Land Fund
2,675,97
To Library Account
2,500,04 )
Road Machinery Fund
59,09
To Road Machinery Account
(59,09)
313.85
313.85
Reserve for Payment of Tax Title Loans
175.54
From Redemptions, Sales, etc.
48,457.43
48,632,07
48,632.97
Old Age Assistance Recoveries
Froin Recoveries
588.04
(447.69)
135.35
Reserve for Payment of Sewer Loans
8,650,52
To Sewer Loon Account
(8,600.00)
7,487.61
Income-Wilson Library Fund
52,00
From Interest
53.26
105,34
67.86
37.48
Income Johnson Library Fund
9,3
From Interest
158.13
167.45
78.9-0
89.55
Income-Kimball Library Fund
63.72
From Interest
75.00
138.72
3.33
130,33
Income-Kimball Welfare Fund
169.42
From Interest
125.00
294.12
160,25
134,17
Kimball Memorial Fountain
1,000,00
From Deposits
52.50
102,37
89,37
Income from Perpetual Care Deposits
460.18
To Cemetery Account
(1,800.00)
6.3'
Insurance Receipts
From License Fees
3,342.40
3,342.40
3,342.40
Dog Licenses
$52,104.50
$ 73,377.85
$ 53,380.08
$1,906,03
$18,091.74
TOTAL-Non. Appropriation Accounts
$ 21,273.35
From Land Sales
1,580.00
4,255.97
4,255.97
Dog License Reimbursement from County
2,500,04
From Chap. 90, Maint. (1943)
318.85
Front Sewer Revenue -
7,437.09
1,000,00
1.000.00
Guarantee Deposits-Planning Board
49.87
From Interest
1,346,19
6.9
From Insurance Settlements
1,906.03
1,906.03
$1,906,03
nasceuaneous Credits
68,067.99
Total Disbursements-Revenue Accounts
Unexpended Balances Reverting to Revenue
1,300,00
1.300 00
1,300.00
73.00
W.P.A. Projects
5,945.65
6,090.04
6,090.04
6,083.39
6.65
1,527.85
$1,527,35
Total for Charities and Soldiers' Benefits _
$44,083.84
1,000,00
988.59
11,41
Library
8,300,00
93.35
From Commonwealth of Mass. 1,400.00
79.49
77.99
(96.49) $ 1.52 190.00
Chap, 90, Maintenance (1943 Cont. No. 8849) __ Road Machinery Account
20.40
From Road Machinery Fund
59.09
190.00
Xone
6.80
15,000.00 6,400.00
230.00
15,230,00 6,400,00
6,399.13
.87
Chap. 90, Central St. (1941 Contract No. 8093)
(55.11)
Land Damages-Central Street .
1.00
37.50
37.50
37.50
National Defense Committee Secretary (War Prices and Rationing)
2,000.00
2.000 nn
1,560,00
440.00 125.54
Vital Statistics
100,00
100 00
56.65
Law Department
1,800.00
250.00
1,260.00
Election and Registration
4,800.00
5,900,55
5,860,51
40.04
Repairs and Alterations in Town Hall
1,057.89
500.00 260.00
17,50
G,967,50
Public Works
6,700,00 6,300.00
$ 725.00
725.00
7.01
$718.00
Accounting Department
6,200.00
G.199.92
.08
117.18
124.73
Treasury Department
6,500,00 75.00
3,700.44
3,700.44
Tax Collector
9,100,00 600.01
GĐ0.00
8,740,00
2,050,00
1,982.75
5,2H>0,00
55
Fire Alarm Division
3,000,00
3,000.00
2.443.63
556,37
110.00
110,00
Forest Fires .
2,600.00
2,500.00 [.
Sealer of Weights and Measures
2,000.00
1,200.00
1,200,00
696.34
503.66
150,00
none
150.00
17.90
850 00
850.00
Sewer Department
HIGHWAYS AND BRIDCES:
$ 35,600.00 6,000.00
To Snow and Ice
($300.00)
35,300,00
$ 35,296,85
$ 3.15
From Highways
300.00
1,648.71
1.94
To O.A.A .- Administration (350.00)
17,705.85 70.05
12,124.09 33.96
5,581.76 36.09
Infirmary
4.900,00
3.000.00
2,210.60
789.40
100.00
27.00
Judgements aml Settlements
200.00
Raised in 1943 Tax Levy
$ 750.96
Insurance
Tax Title Validity
850.00
1.00
1.00
Purchase Old Iron Works House
$4,000,00
Purchase Lots A-19 and A-20, Plan 2014
500,00
500,00
Repair Roof and Doors-Public Works Storeroom Repair Roof-Legion Building
225.00
$ 56,00
Water Extensions
500.00
500.00
1,300.00
To Water Purchase
Interest on Relief Loans
157.50
157.50
21,607.87
1.5
.18
.10
1,395.07 896.63
2,000.00
Playgrounds
10,000.00
10,000.00
Town Reports
1,100.00
From Recoveries
From U. S. Granty
7,000.00
From Public Welfare Temp, Aid .
From Public Welfare Temp. Aid 350.00
755.60
24,95
Tree Worden
150.00
4,385.00 100.00 42,500,00
1,386.00
100.00
42,500.00
241.91
Registrotion of Town Notes
8,730.00
4,800.00
APPROPRIATION ACCOUNTS: GENERAL COVERNMENT:
Planning Board
War Bonus Fund
5,407.59
To Commonwealth and Town
195,35
7,487.61
Interest on Temporary Loans
From Res. for Pay. of Sewer Loans 8,600.00;
(5,508.99}
Annual Town Meeting Appropriations
1,00 1,00
Land Damages Ballard and Dudley Sts.
400.00
Water Main-Aberdeen and Saugus Avenues
$ 7,543,05
3,000,00
From County of Essex _
55.85
4.50
75.00
4,200.00
15,223.20
07.85
13.00
RALPH QUIRK, Town Accountant.
١
TOWN OF SAUGUS, MASSACHUSETTS Balance Sheet as of December 31, 1943
ASSETS
LIABILITIES AND RESERVES
Cash-General
Petty Cash-Tax Collector
War Bonus Fund
Accounts Receivable : Taxes : 1943 Poll
46,00 117,920.23
Sale of Cemetery Land
4,255.97
Road Machinery Fund
313.85
Reserve for Payment of Sewer Loans
7,487.61
Motor Vehicle Excise:
1942
2.00
lected :
Motor Vehicle Excise 1,016.58
Moth Assessment 51,73
Sewer Assessment 1,752.56
Sewer Rentals 2,085,91
Tax Titles
364,437.14
Tax Possessions
55,973.69
1943
1,328.18
1943 (Comm. Int.)
424.38
1,752.56
Estate of Deceased Persons 713.45
Sewer Rentals :
21,80
1941
16.57
1943
2,047.54
Excess Proceeds from Sale of Tax Titles
41,22
Tax Titles
Tax Possessions
State Aid to Highways
Wilson Library Fund 37.48
Estate of Deceased Persons
Water Rates:
18.96
Kimball Welfare Fund
134.17
Guarantee Deposits-Planning Bd.
13.00
Income from Perpetual Care Deposits
Tailings ( unclaimed checks)
Reserve Fund-Overlay Surplus
Overlays Reserved for Abatements: Overlay 1942 67.98
Overlay 1943 3,781.35
3,849.33
Revenue Appropriation Balances :
Water Survey Comm. 718.00
New Accounting System 124.73
National Defense Comm.
3,831.56
Secretary (War Price and Rationing) Rationing Board
440.00
Overestimates:
Wellington Bridge Maint.
53
Abate Smoke Nuisance
Replace Fence-Spring St.
190.00
DEDUCT
46.60
356.85 1,475.08
County Tax Underestimates
Overdrawn or Unprovided For Accounts:
Overlay 1929
8.05
Overlay 1930
7.72
Overlay 1931
19.44
Overlay 1932
18,29
Overlay 1933
168.26
Overlay 1937
2.00
Overlay 1941
119.93
343.69
Chap. 90 Maint. (1943 Contract No. 8849)
96.49
Revenue Deficit
20,802.49
684,892.14
684,892.14
Deferred Revenue
30,353.67
Apportioned Sewer Assessment Revenue:
Due in 1944
4,193.45
Due in 1945
4,188.34
Due in 1946,
4,188.09
Due in 1947
4,176.92
Due in 1948
4,166.06
Due in 1949
4,155.49
Due in 1950
4,150.43
Due in 1951
810.57
Due in 1952
324.32
30,353.67
30,353.67
Suspended Sewer Assessments
245.93
Suspended Sewer Assessment Revenue 245.93
Debt Accounts
648,367.03
Relief Loan
5,000,00
Fire and Police Building Loan
35,000.00
Sewer Loans
405,000.00
Tax Title Loans
203,367.03
648,367.03
648,367.03
Trust Accounts
115,458.71
Cemetery Perpetual Care Fund
108,082.70
Benjamin N. Johnson Library Fund
5,125.00
George M. Wilson Library Fund
2,251.01
115,458.71
115,458.71
Contributory Retirement Accounts
Retirement Funds-Cash and Securities
64,960.20
Annuity Savings Fund
27,868.79
351.55
Annuity Reserve Fund
1,132.10
Pension Accumulation Fund
35,672.51
Expense Fund
638.35
65,311.75
65.311.75
RALPH QUIRK, Town Accountant
6,37 498.19 2,303.65
Water Liens: Added to 1943 Taxes
1,819.94
State Tax and Assessments: Underestimates :
Charles River Basin Loan Fund 70.40
Met. Parks Reservations
296.28
Met .- Nantasket Maint. 31.77
Care of Civil War Vets.
5.00
403.45
125.54
Road Machinery
1.52
Water Main-Aberdeen and Saugus Avenues 1,527.35
Purchase Old Iron Works
House
4,000.00
Purchase Lots A-19. A-20, Plan 1014 400.00
Repairs to P.W.D. stock Bldg.
326.35
Repairs Legion Bldg. Roof
56.50
11,741.55
June 1942
1,777.97
390.59
Dec. 1942
2,004.28
June 1943
4,030.54
Dec. 1943
12,487.22
20,318.97
1942
448,266.46
2,085.91
364,437.14
Old Age Assistance Recoveries Trust Fund Income:
135.35
55,973.69
96.49
713.45
Johnson Library Fund 88.55
Kimball Library Fund 130.39
1943
1,014.58
1,016.58
Moth Assessments:
1943
51.73
51.73
App'd. Sewer Assesments:
State and County Aid to Highways 96.49
Water Rates 20,318.97
Water Liens
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