Town annual report of Saugus 1946, Part 16

Author: Saugus (Mass.)
Publication date: 1946
Publisher: The Town
Number of Pages: 236


USA > Massachusetts > Essex County > Saugus > Town annual report of Saugus 1946 > Part 16


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648.00


Repairs to Legion Building: Expenses :


Materials and Supplies


$49.62


Labor


35.00


84.62


Legion Building-Heat & Light: Expenses :


Heat and Light


300.00


Rental V. F. W. Quarters: Expenses :


Rent


414.00


World War II Honor Roll:


Expenses :


Printing and Advertising $ 13.50


Erection of Memorial


4,986.50


5,000.00


Total for Recreation and Unclassified $35,031.12


ENTERPRISE AND CEMETERIES


Water Purchase:


Expenses :


City of Lynn


$16,289.85


City of Melrose


1,012.12


Metropolitan District Comm. 18.80


$17,320.77


Water Maintenance:


Personal Services :


Collector of Water Rates


300.00


Labor


22,254.85


22,554.85*


Expenses (excluding labor) :


Pipe and Fittings


$ 338.84


Equipment and Repairs


2,965.00


Materials and Supplies


537.39


Gas and Oil


977.41


Cement and Gravel


235.89


Printing and Advertising


145.00


Stationery and Postage


357.60


Telephone


.28


Fuel


133.72


Power and Light


1,586.28


Luncheons


43.09


Recording Liens


59.50


Storage Rental


120.00


7,500.00


1946]


REPORT OF TOWN ACCOUNTANT


160


TOWN DOCUMENTS


[Dec. 31


Water Extensions :


Expenses:


Pipe and Fittings


$405.13


Gravel


34.92


Equipment and Repairs


210.05


Supplies


47.65


Gas and Oil


82.25


Fuel


20.00


800.00


*Part of appropriation titled "Public Works & Allied Divisions-Salaries only."


Lay 10" Water Main Lower Hesper Street:


Expenses :


Pipe


$2,657.62


Freight


21.53


2,679.15


Hydrants, Gates & Meters:


Expenses :


Hydrant Parts


$1,501.10


Hydrant Repairs


9.50


Anti-Freeze


30.00


Express


10.74


1,551.34


Water Services:


Expenses :


Pipe and Fittings


$1,677.49


Materials and Supplies


18.86


Gas and Oil


3.65


1,700.00


Cemetery Department:


Personal Services:


Superintendent


$ 2,950.00


Labor


13,404.92


Clerical


1,065.70


Expenses :


Materials and Supplies


1,714.32


Equipment and Repairs


1,191.51


Telephone


80.50


Light and Fuel


107.03


Gas and Oil


395.81


Printing and Advertising


113.50


Stationery and Postage


39.00


Trees and Shrubs


247.00


Sand and Loam


350.00


Bond and Insurance


50.88


Water


35.24


Use of Car


250.00


New Veterans' Lots in Riverside Cemetery: Expenses :


Plowing


$ 15.00


Supplies


3.00


Materials and Labor


1,012.00


Setting Curbing


5,600.00


Bulldozer Rental 48.00


Grading


175.00


21,995.41


6,853.00


TOWN OF SAUGUS, MASSACHUSETTS Summarized Statement of Appropriations, Disbursements and Available Funds for The Year Ending December 31, 1946


APPROPRIATION ACCOUNTS:


GENERAL GOVERNMENT:


Moderatar


Finance Committee


160.00


150.00


420.58 630.75


$ 28.12 2.25


Boail of Appeals


202.00


200,00


200,00


Board of Selectmen


2,500,00


300.00


2,800,400


2,708,41


Accounting Department


4.4.73


7,10:0.00


7.100.00


7,392.018


7.992


Registration of Town Notes


50.00


50.00


28.00


12.00


Foreclosure of Tax Titles


30.16


3,000.00


$131.00


3,108.06


3,141.31


26.7


Tax Collector


500.00


5tl0.00


166.50


33.6


10,200,00


10,200.011


10,107.80


2.24


172.61


1,017 .- Int


-1,118.35 1,770.75


20.21


Tawn Clerk


Election and Registration


6,500.00


10,01


To Sokliers' Relief


($2,400,001


3,0 $0.00


2,706.96


211.00


Public Works {Salaries]"


2,700,00


2.700.00


2,608.90


1.10


Engineering (Salarie«)*


6,204.80


5,204.80


5.204.80


250,00


250.00


250.00


Totala for General Government


$5,400,0G


$79,624.60


$545.00


$172.86


($2,000,00)


$83.743.32


$82.182.73


$558.87


$701.72


PROTECTION OF PERSONS AND PROPERII


$1.54


$40,070,50


$46,974.82


1.6R


Fire and Police Building Maintenance


3.700,00


3,70,012


1,690.67


33


Town Constable


100,00


100.00


100,00


Fire Department


62,400,00


52,100.00


62,81.00


15.10


Fire Alarm Division Forest Fires ...


200.00


$ 300.00


500.00


108.87


01.15


Building Inspector


9,400.00


1.400,00


3.100,00


Sealer of Weights and Measures


1,600.00


1.500.00


1,500.00


Gypsy Moths


8,100,00


8,100,00


7,688.71


511.29


Trow Waren


1,750.00


1.550.00


1,747.48


2.52


National Defense Committee


$2.087.77


To Departmental Pensions


($000.00)


1.487.77


37.00


1,450.77


Rationing Board


10.00


30.00


18.20


11,81


Storm Damage Emergency, June 8, 1946


2,000.00


2,000.00


1,099.14


Totals for Protection of Persons and Property


$2,665,77


$121,200.00


$2.300.00


$1.5


($400.tt0)


$125,459.27


$122,743.18


$2,710.09


HEALTII AND SANITATION:


Health Department


$16,000,00


$10,002.00


$14,571.53


$1,430.17


Vital Statistics


60,00


$10.00


70.00


68.25


1.75


Removal of Garbage


6,000.00


6,000.0lt


0,000.00


Purchase New Car-Roard of Health


1,250.00


1,250,00


1.250.00


Collection of Ashes (Salaries) " ...........


6,331.54


0,331.54


0,331.54


Collection of Ashes (Other Expenses)


000.00


600.00


600.00


Mosquito Control


850.00


850.00


850.00


Sewer Division I Maintenance Salaries)"


2.574.44


8,774.61


2,774.64


Sewer Division ( Maintenance Expense}


1,499.90


4,499,00


4,439.90


Sewer Division (Construction Salaries)


5,557.12


6,557.12


6,655.12


Sewer Division (Construction Expense)


2.442.98


2.442.98


2,442.78


Totals for Health and Sanitation


$46,366.18


$10.00


$2.00


$46,378.18


$44,945.76


$1,432.42


HIGHWAYS AND BRIDGES:


Ilighway Division (Salaries )"


$28,834.47


$7.0


$28,841.51


$28,841.19


.92


llighway ( Other Expense)


7,500.00


7 400,00


7.498.35


1.65


Highway Resurfacing


7,000.00


7.000,00


7,400.00


Highway. Grade, Oil and Sand


3.000.00


3.000.00


2,992.71


7.20


Snowand Ice wm


17,000.00


17.000.00


17,000.00


10.631.17


12,354.25


05.7


130.50


Chapter 90, Construction, Hesper Strce)


4.000.00


$1,250.00


5,250.00


5.250.00


Chapter 90, Land Damages, Sweetwater Street.


100.00


100.00


100.00


Chapter 90, Construction, Sweetwater Street.


2,000,00


2.000.00


Chapter 00, Land Damages, Central Street


1.00


2,000.00


To Publie Welfare


($1,000,00)


To Infirmary


( 1.000,00)


Resurface Guild Road


1.351.00


1,351,00


563.16


767.84


Surface Drain, Centennial Avenue


1.850.00


1.850.00


Surface Drain, Lincoln Avenue


4,900.00


4.000,00


3,586.40


1,363,60


Surface Drain, Hayden Road


950.00


950.00


0.50.00


Totals for Highways and Bridges


$116,410,47


$1,250.00


$7.04


($2.000.001


$115,073,51


$100,306.73


$973.81


$14,392.04


CHARITIES AND SOLDIERS' BENEFITS:


$70,000.00


$1,524,80


From Saugus River Dredging


$ 7,500.00


From Celebration World War II


Veterans ...


500.00


From U. S. Grants


15,738.78


From Recoveries


503.37


$125,766.90 1,483.05


$120,250.05 4,404.90


78.75


Aid to Dependent Children-Aid


9,600.00


926.42


From Celebration World War 11


3.000.00


From U. S. Grants


2,393.35


14,619.77


14,202.32


417.45


Aid to Dependent Children-Administration


700.00


S .65


From U. S. Grant


318.84


1,019.49


1,019.49


Public Welfare-Temporary Aid


15,000.00


186.20


From Chapter 90 Construction. Central Street ......


1.000.00


16,180,2G


16,111,91


74.35


Infirmary


6,100.00


100.00


From Chapter 90 Construction.


1,000,00


0,500.00


6,457.26


42.7


Soldiers' Relief


16,000.00


86.2


From Celebration World War II Veterans aması


500,00


18,586,21


18,576.68


9.53


State and Military Aid and World War II


Allowances


3,000.00


7.10


5.00


3,012.10


3,012.10


Totals for Charities and Soldiers' Benefits


$121,750.00


$407.75


$2,028.60


$65,487.94


$190,174.38


$184,034.71


$6,139.67


Schooly


$300,000,00


$84.47


$300,084.47


$300,066.07


$ 28.40


School house Repairs


10,000.00


From World War 11 Memorial


$1,000.00


11,000,00


10,396.30


3.70


Trade School Tuition ++++++


3,000.00


35.0'


Trade School Tuition 1945 Unpaid Billa


882.01


892.01


892.01


Stadium Maintenance


2,500.00


From Insurance Receipts


1,577.00


9,077.00


9,600.00


$477.00


Library


9,711.35


From County Dog Licenses .*********** 2,188,65


11,900,00


11,899.01


Totals for Schools and Libraries


$333,693.36


$84.47


$1,765.65


$338,443.48


$337,390.76


$575.72


$177.00


RECREATION AND UNCLASSIFIED:


Playgrounds


$3,000.00


$ 3,000.00


$2.979.26


$ 20.74


Departmental Pensions ..


5,321.00


From National Defense Comm ..... $ 600.00


5,021.00


5,823.35


97.69


Contributary Retirement System Judgments and Settlements


500.00


500.00


159.60


340.40


Memorial Day Exercises


000.00


600.011


517.00


Printing and Delivering Town Reports


1,400.00


$5.44


10,000.00


10,000.00


9,999.82


.15


Tax Title Validity ...


650.00


650.00


618.00


ș 9.00


Repair Roof and Door-Public Works Buildings $326,35 91.05


300.00


To Schoolhouse Repairs


(1.000,00]


1,000.00


1,000.00


Celebration for World War II Veterans


1,000.00


To A. D. C .- Aid


(3,000.00)


To Soldiers' Relief


(500,00)


World War II Honor Roll


5,000.00 7,500.00


To O.A.A .- Aid


(7,500,00}


5,000.00


5,000.00


Saugus River Dredging


Totals for Recreation and Unclassified


$ 117.40


$48,471,00


$5.4.


($11,900,00)


$36,993.84


$35,031.12


$541.94


$1.420.78


ENTERPRISE AND CEMETERIES:


Water Purchase to


$17,500.00


$17,500.00


$17,320.77


s 179.23


Water Maintenance ( Salaries)*


22,554.85


22.56-1.85


22,554.65


Water Maintenance (Other Expenses]


7,500.00


7,500.00


7.500.00


Water Extensions .....


1.800,00


1,800.00


3.479.15


1,320.85


Hydrants, Gates and Meters


3,700.00


3,700.00


1,551.34


2,148.60


Water Services


1,700,00


1,700.00


1.700.00


Water Extension-Golden Hills Road


1.250.00


Water Extension -- Hawkes Street


800.00


Cemetery' ..


19,815,17


From Inc. from Perpetunl Care


$2,684.83


22,500.00


21,905.41


504.59


New Veterans' Lot in Riverside Cemetery


$3.458.50


6,000.00


Wall Repair-Riverslde Cemetery


500.00


Fill and Grade-Riverside Cemetery


3,000.00


Totals for Enterprises and Cemeteries


$3,458.50


$89,120.02


$2,684.83


$95,263.35


$$6,329.70


$-1, 153.33


$1,780,32


INTEREST AND MATURING DEBT:


$ 1,000.00


From Res. for Payment of Sewer


$5,904.39


18,000.00


18.000.00


Interest on Temporary Loans


6,000,00


Interest on Municipal Relief Loans


67.60


Interest on Fire and Police Building Loan


377.50


Interest on Sewer Bonds .


10,065.00


Interest on Water Loans ....


1,050.00


1.050.00


1,650.00


Totuls for Interest and Maturing Debts


$29,755.61


$10,001.30


$40,060.00


$36,117,50


$4.642.50


TOTALS:


$11,834.63


$986,297.14


$4,618.10


$2,206.56


$67,842.81


$1,072,789.33


$1,029,382.19


$21,694.38


$21.772.76


Reserve Fund


6,000,00


(4,618.10)


1,481.81


1,481,81


Balance Carried Forward


$ 11,83.1.63


Annual Town Meeting Appropriations


992,297.14


Miscellaneous Credits .


70,139.37


(2,296.50)


[67,842.81)


1.029,382.19


Unexpended Balances Reverting to Surplus


Balances Carried Over to 1947


$1,074,271.14


NON-APPROPRIATION ACCOUNTS: War Bonus Fund ....


$6,676.85


From Interest


$ 28.38


$ 705.23


To Payment of Sewer Loon ..


(5,000.00)


Sale of Cemetery Land Fund


3,050.00


From Sale of Lots and Graves


.486.00


4.585.00


1,635.00


Dog License Reimbursement from County


From County


2,188.65


Reserve for Payment of Sewer Lonny


6,004.30


From Sewer Revenue


(6,504.39)


6,932.33


Reserve for Payment of Tax Title Loans


From Redemption, Low Value


48,205,8}


$43.723.41


4,482.48


Old Age Assistance Recoveries


050.71


From Recoveries


550.00


To U. S. Grant


(503.37]


To State Accounts Receivable


(479.15)


To Estimated Receipts


(224.19)


Income-Wilson Library Fund


159.81


Income Johnson Library Fund


221.33


From


Interest


166.26


380,58


230.49


160.00


Income-Kimball Library Fund


175.46


381.17


From Interest


125.00


509.17


13.00


Income-Post War Rehabilitation Fond


From Interest


218.76


To Post War Rehabilitation Fund


(218.75]


Income-Perpetual Core Fund


2,184,83


From Interest


2.852.42


To Cemeteries


2,684.63}


2,362.42


2,352.42


Guarantee Deposits-Planning Board Insurance Receipts .


9.00


From Deposits


248.00


257.00


257,00


From Insurance Settlements ..


3.801.52


To New Heating System-Roby School ...


(1,577,00)


To Surplus Revenue


(2,224.62}


$18.425.66


$41.838.97


$69.2A4.52


$44.819.42


$18.945.10


llevenur Appropilattu


Koerve


It-funds Bounce


Amount


Total


Casred thyr) Tre 1045


Annual Town Movlinu


Fund


Surplus


Planning Board


525,00


$ 8.00


100.00


0.000.00


6.815.12+


New Accounting System


14.7


G.IO


$8.5


Treasury Department ......


10,500.00


10,500,160


10,492.10


7.00


Tax Title Expense


Assessing Department


172.01 1,6-17.40


$172.41 529.11


Low Department .....


Town Counsel- Delermine Town's Rights-Water


500.00


1,364,00


137.00


7,487.00


7,486.02


.08


Town Hall


Town Building Repairs


7,344,50


7,341.70


7.341.70


Public Works (Other Expenses)


3,000.00


3,000.00


2,405.39


69-1.61


Public Safety Committee .......


75.410


75.00


39.00


30.00


Serretary {War Price and Rationing)


4-10.00


440,00


140.00


Revaluation of All Real Estate


1,8#0.00


500.00


500.00


1,350,00


1,345.23


#1,500.00


0,403.24


6.70


5,000.00


Engineering (Other Expenses)


Police Department


$46,975.00


20


*Part of Appropriation titled "Public Works and Allied Divisionn-Salarles Only" amounting 10 $73,052.04.


$ 1,000.00


$ 1,000,00


Fire anil Police Station Loan


3,000.00


3,000,00


3,000.00


Sewer Loans


7,095,61


Loans ++- From Surplus War Bonus


5.000.00


6,000.00


3,107.50


$2,892.50


67.50


67.60


$77.50


877.50


0,43


Rental-Veterans of Foreign Wors Quarters .


600.00


500.00


114,00


86.0


World War 11 Memorial Plans and Specifications


2,000.00


(500.00)


320.35


326.35


Repairs to Legion Building .....


91.0


84.62


300.00


300,00


6,853.00


2,605.50


500.00


100.00


10.0


3,000.00


2,885.18


114,82


Total Disbursements Appropriation Accounts


23,110.19


(23,116.19)


(21,772.76)


$1,074,271.14 $1,074,271.14


To Libraries


(2,188.06)


5,932.33


To Sewer Loan Account


Sales and Tax Possession Sales


18,205.83


From Interest .


51.03


211.14


27.10


184,34


175.46


107.0;


Income-Kimball Welfare Fund


.980.00


1,960.00


1,980.00


Surface Drain, Denver Street


17,500.00


17,500.00


Street Lighting


New Rond Machinery and Equipment


12,460,00


12.450,00


Chapter 90. Land Damages, Hesper Street


4,000.00


4,000.00


3,869,50


$5,616.85


Old Age Assistance Administration


2,950.00


From U. S. Grants


1.533.65


2,500,00


1,993.30


500.70


New Heating System-Roby School


7,500.00


7,700.00


7,500.00


7,000.00


1.405.44


1.405.41


.......


From Town Building Repairs. .....


2.000.00


1.00


1.00


Chanter 90, Construction, Central Street


SCHOOLS AND LIBRARIES:


Plans


3,000.00


2,964.07


1,250.00


800.00


500.00


Funds ..


9,458,50


Municipal Relief Loon .


10,065.00


10,065.00


21,772.70


2,000.00


Old Age Assistance -- Aid


OTHER CREDITS


BALANCES


Carrie


533.00


Rewew Assessors' Plans


7,360.00


Compiled by CARL E, CHAPMAN, Acting Town Accountant.


$ 705.23


6,932.33


Insurance


Legion Building-Heat and Light


1.850.00


Veterans -


Central Street


1,250.00


161


REPORT OF TOWN ACCOUNTANT


1946]


Wall Repairs-Riverside Cemetery: Expenses :


Repoint Wall 490.00


Fill and Grade-Riverside Cemetery: Expenses :


Advertising


$ 41.50


Fill


2,700.00


Equipment


103.68


Labor


40.00


2,885.18


Total for Enterprise and Cemeteries $86,329.70


INTEREST AND MATURING DEBT


Maturities :


Relief Loans $ 1,000.00


Fire and Police Station Loan ....


3,000.00


Sewer Loans


18,000.00


Tax Title Loans


43,543.11


Temporary Loans


500,000.00


$565,543.11


Interest:


On Relief Loan


$ 67.50


On F. & P. Station Loan


877.50


On Sewer Loans


10,065.00


On Tax Title Loans


1,163.54


On Temporary Loans


1,943.96


14,117.50


Total for Interest and Maturing Debt $579,660.61


AGENCY AND TRUST


Federal:


Withholding Tax Deductions $47,910.14


State:


State Tax and Assessments:


State Tax $12,600.00


Audit Municipal Accounts .... 1,730.77


Exam. Retirement System ... 256.57


Charles River Basin Loan


1,484.16


Metropolitan Parks Loan Sinking Fund 5,164.06


Metropolitan Parks-


Nantasket Maintenance


477.04


Metropolitan Parks Loan Sinking Fund Series 2 ....


103.15


Care of Civil War Veterans. 120.00


Smoke Inspection


207.33


County:


County Tax


$30,417.92


Tuberculosis Hospital Assess-


ment


9,317.86


Dog Licenses


3,383.60


Town:


Guarantee Deposits-Planning Board :


Printing and Advertising .... $205.00


Refunds


52.00


22,143.08


43,119.38


257.00


162


TOWN DOCUMENTS


[Dec. 31


Income-Wilson Library Fund:


Books


27.10


Income-Johnson Library Fund:


Books ..


230.49


Income-Kimball Library Fund: Books


68.42


Income-Post-War Rehabilitation Fund: Accrued Interest $ 218.75


Investments


25,000.00


Income-Kimball Welfare Fund: Truss


13.00


Income-Perpetual Care Funds: Adjustment 10.00


Tailings: Adjustment .25


Contributory Retirement System: Overpayment


6.46


Reinvestment of Trust Funds: Johnson Library Fund $5,000.00


Wilson Library Fund


100.00


5,100.00


Bequests :


Perpetual Care Bequests


8,687.50


Total for Agency and Trust


$152,791.57


REFUNDS


Taxes :


1945 Real Estate


$ 192.15


1946 Real Estate 1,437.60


$1,629.75


1946 Personal


80.75


Motor Vehicle Excise:


Levy of 1946


72.89


Water:


June 1946 Water Rates


34.25


Polls:


Levy of 1941


$ 4.00


Levy of 1942


4.00


Levy of 1944


10.00


Levy of 1945


12.00


Levy of 1946


88.00


118.00


Tax Titles :


Redemptions 12.73


Tax Possessions


50.00


Total for Refunds $1,998.37


Total Cash Expenditures and Refunds


$1,727,715.95


TRANSFERS


From Reserve Fund: To: Forest Fires $ 300.00


Selectmen


300.00


Storm Damage Emergency of 6/8/46 2,000.00


Infirmary 400.00


Town Reports


5.44


25,218.75


1946]


REPORT OF TOWN ACCOUNTANT


163


Accounting Department .... 100.00


Chapter 90 Construction-


Hesper Street 1,250.00


State and Military Aid 7.10


Election and Registration ...


137.00


Planning Board


8.00


Vital Statistics


10,00


A. D. C. Administration


.65


$4,518.19


From Other Sources:


To:


Old Age Assistance


$ 8,000.00


Aid to Dependent Children


3,000.00


Welfare


1,000.00


Infirmary


1,000.00


Soldiers' Relief


2,500.00


Schoolhouse Repairs


1,000.00


New Heating System-


Roby School


1,577.00


Library


2,188.65


Departmental Pensions


600.00


Cemetery


2,684.83


Sewers


10,904.39


34,454.87


Total for Transfers


Total Cash Expenditures, Refunds & Transfers.


Cash on Hand, December 31, 1946


268,856.65


Total


$2.035,536.95


RECAPITULATION OF RECEIPTS AND EXPENDITURES Cash Balance, January 1, 1946 $144,433.18


Receipts:


General Revenue $1,059,612.38


Commercial Revenue 790,221.77


Refunds


2,296.56


Transfers


1,852,130.71 38,973.06


Total Receipts, Refunds and Transfers $2,035,536.95


Expenditures :


General Government $ 82,474.73


Protection Persons & Prop- erty


122,743.18 44,945.76


Highways and Bridges


100,306.73


Charities & Soldiers' Ben- efits 184,034.71


Education and Libraries


337,390.76


Recreation and Unclassified 35,031.12


Enterprise and Cemeteries 86,329.70


Interest & Maturing Debt ..


579,660.61


Agency and Trust 152,791.57


Refunds


1,998.37


Transfers


$1,727,707.24 38,973.06


Total Expenditures, Refunds and Transfers 1,766,680.30


Cash on Hand, December 31, 1946 $268,856.65


$38,973.06 $1,766,680.30


Health and Sanitation


164


TOWN DOCUMENTS


[Dec. 31


Outstanding Bonds and Notes, Dec. 31, 1946


1938 Municipal Relief Loan Notes, Issued Under Chapter 58, Acts of 1938, November 15, 1938


Payable at National Shawmut Bank of Boston, Mass.


No. 597 Due November 15, 1947, at 21/4 % $1,000.00


No. 598 Due November 15, 1948, at 21/4 % 1,000.00


$2,000.00


1934 Fire and Police Station Loan Bonds, Issued December 31, 1934 Payable at National Shawmut Bank of Boston, Mass.


The following Bonds are registered and payable to the Commonwealth of Massachusetts:


Nos. 57-59 Due December, 1, 1947, at 314 %


$3,000.00


Nos. 60-62 Due December 1, 1948, at 31/4 %


3,000.00


Nos. 63-65 Due December 1, 1949, at 314 % 3,000.00


Nos. 66-68 Due December 1, 1950, at 314 %


3,000.00


Nos. 69-71 Due December 1, 1951, at 31/4%


3,000.00


Nos. 72-74 Due December 1, 1952, at 31/4 %


3,000.00


Nos. 75-77


Due December 1, 1953, at 314 %


3,000.00


Nos. 78-80


Due December 1, 1954, at 31/4 %


3,000.00


$24,000.00


1938 Sewer Loan Bonds, Issued May 1, 1948 (W.P.A. Project No. 16218-Saugus, Mass.) Payable at National Shawmut Bank of Boston, Mass.


Nos. 49-54 Due May 1, 1947, at 234 %


$6,000.00


Nos. 55-60 Due May 1, 1948, at 234 %


6,000.00


Nos. 61-66 Due May 1, 1949, at 23/4 %


6,000.00


Nos. 67-71 Due May 1, 1950, at 234% 5,000.00


Nos. 72-76 Due May 1, 1951, at 23/4 %


5,000.00


Nos. 77-81


Due May 1, 1952, at 234 %


5,000.00


Nos. 82-86


Due May 1, 1953, at 23/4 %


5,000.00


Nos. 87-91


Due May 1, 1954, at 234 %


5,000.00


Nos. 92-96


Due May 1, 1955, at 234 %


5,000.00


Nos. 97-101


Due May 1, 1956, at 234 %


5,000.00


Nos. 102-106


Due May 1, 1957, at 234 %


5,000.00


Nos. 107-111


Due May 1, 1958, at 234 %


5,000.00


Nos. 112-116


Due May 1, 1959, at 23/4 %


5,000.00


Nos. 117-121


Due May 1, 1960, at 234 %


5,000.00


Nos. 122-126


Due May 1, 1961, at 234 %


5,000.00


Nos. 127-131 Due May 1, 1962, at 234 %


5,000.00


Nos. 132-136


Due May 1, 1963, at 234 %


5,000.00


$88,000.00


1946]


REPORT OF TOWN ACCOUNTANT


165


1938 Sewer Loan Bonds Issued September 1, 1938 (P.W.A. Docket No. 1422-F)


Registered and Payable to Commonwealth of Massachusetts


Nos. 97-108 Due September 1, 1947, at 234 %


$12,000.00


Nos. 109-120 Due September 1, 1948, at 234 %


12,000.00


Nos. 121-132 Due September 1, 1949, at 234 %


12,000.00


Payable at National Shawmut Bank of Boston, Mass.


Nos. 133-144 Due September 1, 1950, at 234 %


$12,000.00


Nos. 145-156 Due September 1, 1951, at 234 %


12,000.00


Nos. 157-168


Due September 1, 1952, at 234% 12.000.00


Nos. 169-180


Due Spetember 1, 1953, at 234 % 12,000.00


Nos. 181-192 Due September 1, 1954, at 234 %


12,000.00


Nos. 193-204 Due September


12,000.00


Nos. 205-216 Due September


1, 1955, at 234 % 1, 1956, at 234 %


12,000.00


Nos. 217-228 Due September 1, 1957, at 234% 12,000.00


Nos. 229-240 Due September


1, 1958, at 234 %


12,000.00


Nos. 241-252


Due September 1, 1959, at 234 %


12,000.00


Nos. 253-264


Due September


1, 1960, at 234 %


12,000.00


Nos. 265-276 Due September 1, 1961, at 234 %


12,000.00


Nos. 277-288


Due September 1, 1962, at 234 %


12,000.00


Nos. 289-300


Due September 1, 1963, at 23/4 %


12,000.00


Nos. 301-312


Due September


1, 1964, at 234 %


12,000.00


Nos. 313-324


Due September 1, 1965, at 234 %


12,000.00


Nos. 325-336


Due September 1, 1966, at 234 %


12,000.00


Nos. 337-348


Due September 1, 1967, at 234 %


12,000.00


Nos. 349-359


Due September 1, 1968, at 234 %


11,000.00


$263,000.00


Tax Title Notes


Payable to the Commonwealth of Massachusetts


No. 771 Due November 18, 1947, at 1% $37,548.67


No. 772 Due December 1, 1947, at 1% 50,000.00


$87,548.67


Outstanding Temporary Loans in Anticipation of Taxes (Merchants National Bank)


No. 767 Dated April 15, 1946 Due April 11, 1947, at .55% .... $50,000.00


No. 768 Dated April 15, 1946 Due April 11, 1947, at .55% ...


50,000.00


No. 769 Dated April 15, 1946 Due April 11, 1947, at .55% ... 50,000.00


No. 770 Dated April 15, 1946 Due April 11, 1947, at .55% .... 50,000.00


$200,000.00


Statement of Total Bonded Indebtedness


1938 Relief Loan


$ 2,000.00


1934 Fire and Police Station Loan


24,000.00


1938 Sewer Loan (May) $ 88,000.00


1938 Sewer Loan (September) 263,000.00


351,000.00


Total Bonded Indebtedness


$377,000.00


166


TOWN DOCUMENTS


[Dec. 31


STATEMENT OF OTHER INDEBTEDNESS OUTSTANDING DECEMBER 31, 1946


Year of Loan


TAX TITLE LOANS


1933


$165,000.00


1934


80,000.00


1935


82,600.00


1936


157,000.00


1937


75,000.00


1938


75,000.00


1939


100,000.00


1940


50,000.00


1941


50,000.00


1942


none


1943


none


1944


none


1945


none


1946


none


Total Tax Title Loans


$834,600.00


-Less-


Repaid:


1933


$34,424.40


1934


61,804.28


1935


70,261.48


1936


70,032.46


1937


53,793.67


1938


66,851.20


1939


57,741.78


1940


56,827.76


1941


65,116.15


1942


45,746.82


1943


48,632.97


1944


36,558.22


1945


35,717.03


1946


43,543.11


Total Payments (deduct)


747,051.33


Total Outstanding Tax Title Loans 12/31/46


$87,548.67


RECAPITULATION OF TOWN INDEBTEDNESS


Bonded Debt:


Inside Debt Limit $166,280.00


Outside Debt Limit 210,720.00


Total Bonded Debt


Total Tax Title Loans


$377,000.00


87,548.67


Net Funded or Fixed Debt $464,548.67 Temporary Loans Outstanding 200,000.00


Total Town Indebtedness


$664,548.67


167


REPORT OF TOWN ACCOUNTANT


1946]


Table of Town Debt, December 31, 1946, Showing Annual Payments of Principal to Be Raised- 1947 to 1968 Inclusive


Fire & Police


Relief Loan


Station


Sewer Loan Sewer Loan


of Nov. 15/38 21/4%


Loan of


Dec. 1/34


of May 1/38 Sewer Loan


of Sept. 1/38 234 %


TOTALS


1947


$1,000.00


$3,000.00


$6,000.00


$12,000.00


$22,000.00


1948


1,000.00


3,000.00


6,000.00


12,000.00


22,000.00


1949


3,000.00


6,000.00


12,000.00


21,000.00


1950


3,000.00


5,000.00


12,000.00


20,000.00


1951


3,000.00


5,000.00


12,000.00


20,000.00


1952


3,000.00


5,000.00


12,000.00


20,000.00


1953


3,000.00


5,000.00


12,000.00


20,000.00


1954


3,000.00


5,000.00


12,000.00


20,000.00


1955


5,000.00


12,000.00


17,000.00


1956


5,000.00


12,000.00


17,000.00


1957


5,000.00


12,000.00


17,000.00


1958


5,000.00


12,000.00


17,000.00


1959


5,000.00


12,000.00


17,000.00


1960


5,000.00


12,000.00


17,000.00


1961


5,000.00


12,000.00


17,000.00


1962


5,000.00


12,000.00


17,000.00


1963


5,000.00


12,000.00


17,000.00


1964


12,000.00


12,000.00


1965


12,000.00


12,000.00


1966


12,000.00


12,000.00


1967


12,000.00


12,000.00


1968


11,000.00


11,000.00


$2,000.00


$24,000.00


$88,000.00


$263,000.00


$377,000.00


Annual Payments of Interest to Be Paid 1947 to 1968 Inclusive on Above Loans


Due in:


1947


$45.00


$780.00


$2,337.50


$7,232.50


$10,395.00


1948


22.50


682.50


1,172.50


6,902.50


9,780.00


1949


585.00


2,007.50


6,572.50


9,165.00


1950


487.50


1,856.25


6,242.50


8,586.25


1951


390.00


1,718.75


5,912.50


8,021.25


1952


292.50


1,581.25


5,582.50


7,456.25


1953


195.00


1,443.75


5,252.50


6,891.25


1954


97.50


1,306.25


4,922.50


6,326.25


1955


1,168.75


4,592.50


5,761.25


1956


1,031.25


4,262.50


5,293.75


1957


893.75


3.932.50


4,826.25


1958


756.25


3,602.50


4,358.75


1959


618.75


3,272.50


3,891.25


1960


481.25


2,942.50


3,423.75


1961


343.75


2,612.50


2,956.25


1962


206.25


2,282.50


2,488.75


1963


68.75


1,952.50


2,021.25


1964


1,622.50


1,622.50


1,292.50


1.292.50


1965


962.50


962.50


1966


632.50


632.50


1968


302.50


302.50


$67.50


$3,510.00


$19,992.50


$82,885.00


$106,455.00


31/4 %


TOWN OF SAUGUS, MASSACHUSETTS Balance Sheet as of December 31, 1946


ASSETS


Cash:


General:


In Banks and Office $268,856.65


Special Deposits: Surplus War Bonus 705.23


Advance for Petty Cash:


Tax Collector 100.00


$269,661.88


Accounts Receivable : Taxes :


Levy of 1945: Personal


$


46.88


Levy of 1946:


Real Estate


94,838.61


Personal




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