Town annual report of Swampscott 1914, Part 21

Author: Swampscott, Massachusetts
Publication date: 1914
Publisher: The Town
Number of Pages: 268


USA > Massachusetts > Essex County > Swampscott > Town annual report of Swampscott 1914 > Part 21


Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).


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25


27


*2


Number of persons assessed on property


1,715


1,641


74


Number of persons assessed poll tax only


1,295


1,213


82


Number of persons assessed


·


.


·


.


3,010


2,854


156


Number of male polls assessed


·


.


.


1,775


91


Value of assessed personal estate


$3,531, 119 00


$3,174,590 00


$356,529 00


Value of Buildings, excluding land .


5,591,000 00


5,199,038 00


391,962 00


Value of Land, excluding buildings


4,917,225 00


4,829,287 00


97,938 00


Total value of assessed real estate .


$10,508,225 00


Total value of assessed estate .


14,039,344 00


$10,028,325 00 13,202,915 00


$479,900 00 836,429 00


Tax for state, county, and town purposes : On personal estate


59,322 78


52,063 28


7,259 50


On real estate


176,538 18


164,464 53


12,073 65


On polls


3,732 00


3,550 00


182 00


Total


$239,592 96


$220,077 81


$19,515 15


Rate of total tax per $1,000


16 80


16 40


40


Number of horses assessed


218


200


18


Number of cows assessed .


65


53


I2


Number of dwelling-houses assessed


1,612


1,556


56


Number of acres of land assessed


·


.


1,675


1,675


.


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·


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·


·


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1


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*Decrease


227


ASSESSORS' REPORT.


1914]


.


1,866


.


.


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·


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22S


TOWN DOCUMENTS.


[Dec. 31


Statistics of the Town of Swampscott, 1872=1914.


ASSESSORS' VALUATION APRIL I.


MARCH I.


YEAR.


REAL


PERSONAL


TOTAL


RATE TAXES PER $1,000


YEAR.


NOTES


PAYABLE


1914


$10,508,225


$3,531,119


$14,039,344


$16.80


1915


$344,100.00


1913


10,028,325


3,174,590


13,202,915


16.40


1914


293,500.00


1912


9,413,525


2,974,381


12,387,906


16.00


1913


276,600.00


19II


9,050,850


2,771,167


11,822,017


15.00


1912


273,150.00


1910


8,489,200


2,698,340


11, 187,540


15.00


19II


194,639.00


1909


7,675,905


2,450,02I


10,125,926


16.00


1910


184,295.00


1908


7,312,165


2,680,490


9,992,655


16.00


1909


191,295.00


1907


7,099,090


2,317,468


9,317,468


14.50


1908


176,420.00;


1906


6,303,625


2,093,820


8,397,445


14.50


1907


167,320.00


1905


6,030,185


2.117,442


8,147,627


14.50


1906


151,320.00


1904


5,489, 12I


2,206, 172


7,695,293


12.90


1905


110,020.00


1903


5,135,124


4,286,981


6,422, 105


11.50


1904


114,770.00


1902


4,762,665


1,744.874


6,507,539


12.00


1903


75,270.00


1901


4,668,985


1,598,745


6,267,730


12.00


1902


70,600.00


1900


4,446,900


1,138,275


5,585,175


11.00


1901


68, 100.00


1899


4,200, 175


1,199,045


5,399,220


11.50


1900


64,300.00


1898


4,135,582


1,318,591


5,454,173


14.00


1899


59,000.00


1897


3,997,975


1,304,163


5,302, 138


12.00


1898


71,000.00


1896


3,896,059


1,245,245


5,141,304


12.00


1897


78,250.00


1895


3,756,900


1,444,947


5,201,847


12.00


1896


84,500.00


1894


3,619,525


1,529,675


5,149,200


11.00


1895


66,333.30


1893


3,439,975


1,649,953


5,989,928


11.00


1894


71,166.66


1892


3,271,279


1,504,170


4,775,449


10.00


1893


37,499.99


1891


3,122,350


1,771,373


4,893,723


10.00


1892


42,333.32


1890


3,001,550


1,857,777


4,859,327


10.00


1891


48,666.66


1889


2,585,431


1,453,30I


4,038,732


8.40


1 890


52,500.00


1888


2,465,256


1,501,530


3,966,792


8.50


1889


56,000.00


1887


2,417,556


1,288,498


3,706,054


8.00


1888


57,500.00


1886


2,383,055


1,275,405


3,658,460


9.50


1897


55,500.00


1885


2,365,280


1, 130,863


3,496, 143


9.00


1886


47,500.00


1884


2,371,610


1,135,215


3,506,825


11.00


1885


49,000.00


1883


2,259,855


1,589,566


3,849,41I


8.50


1884


50,500.00


1882


2,228,330


1,264,938


3,493,268


6.00


IS83


49,000.00


1881


2,121,080


807,159


2,928,239


7.20


1882


30,500.00


1880


1,991,880


1,133,247


3,125,127


7.00


1881


31,750,00


1879


1,930,205


418,904


2,349,109


8.30


1880


39,424.80


1878


2,049,980


384,841


2,434,821


8.00


1879


42,424.00


1877


2,041,935


340,323


2,382,258


8.50


1878


42,424.80


1876


2,108,462


360,961


2,469,423


12.00


1877


45,524.80


1875


2,074,850


389,441


2,464,291


10.00


1876


50,224.80


1874


2,028,875


457,260


2,486,135


11.00


IS75


51,432.80


1873


1,949,225


460,867


2,410,792


12.00


1874


50,342.50


1872


1,854,750


578,000


2,432,750


9.50


1873


47,068.00


ESTATE


PROPERTY


VALUATION


1914]


SELECTMEN'S SUPPLEMENTARY REPORT. 229


Report of Salem Fire Sufferers' Committee.


SWAMPSCOTT, MASS., December 31, 1914.


To the Citizens of the Town of Swampscott :


Your Committee appointed at the special town meeting of July 10, 1914, to receive funds for the Salem fire sufferers, beg leave to submit the follow- ing report. Contributions to the amount of $58.65 were received and turned over by Treasurer W. H. Bates of the Committee to Treasurer Lane of the Salem Committee. The money was received from the following sources :


G. H. Holden


$25 00


Rev. Patrick Colman


25 00


Armato Pagnotti


1 00


Rocco Braccio


.


1 00


Employees of the Michael McDonough Co.


6 65


ALFRED F. FRAZIER,


JOHN VANNEVAR, WILLIAM H. BATES,


PATRICK COLMAN, WILLARD P. JACKSON.


Supplementary Report of the Selectmen.


By the provisions of Town By-laws, Chapter 3, Section 9, "All Boards, Officers and Standing Committees shall annually, before the 10th day of February, submit to the Board of Selectmen a report in writing of their doings for the financial year next preceding, which statement shall include an itemized account of the liabilities incurred by that board, officer or committee, outstanding on the 31st day of January." Sections five and six of chapter three requires that the selectmen shall annually, not less than seven days before the annual meeting, caused to be printed and dis- tributed among the taxpayers of the Town a detailed report, and that the reports of all boards, etc., shall be printed annually with the selectmen's report.


Pursuant to the foregoing provisions this board notified each depart- ment, officer and committee of the town mentioned in the by-law to pre- sent a report as required by section 9 before the Ioth day of January, and subsequently extended the time five days. No report has been received from the Water and Sewerage Board, and therefore its report is not con- tained herein.


CLARENCE B. HUMPHREY, ELIAS G. HODGKINS, JAMES F. CATON,


Selectmen.


16


230


TOWN DOCUMENTS.


[Dec. 31


The Commonwealth of Massachusetts. BUREAU OF STATISTICS. State House, Boston.


DECEMBER 30, 1914.


To the Board of Selectmen, Clarence B. Humphrey, Chairman. Swampscott, Massachusetts:


GENTLEMEN,-I have to make report herewith of an audit of the accounts of the Town of Swampscott pursuant to a vote of the Town under date of February 19, 1912, and in accordance with the provisions of Chapter 598, Acts of 1910, this being in the form of a report to me, which I am enclosing, from Mr. Edward H. Fenton, Chief Accountant of this Bureau, who has been placed in charge of the work.


Very truly yours,


(Signed) CHARLES F. GETTEMY, Director.


BOSTON, MASSACHUSETTS,


December 29, 1914.


Mr. Charles F. Gettemy, Director, Bureau of Statistics, State House, Boston:


SIR,-In accordance with your instructions, I have made an audit of the accounts of the Town of Swampscott for the period from January I to June 30, 1914, as petitioned for by vote of the Town in accordance with the provisions of Chapter 598 of the Acts of 1910.


An examination was made of the books and accounts of the Accountant, Treasurer, Collector, Town Clerk, of the Town Hall, Police, Fire, High- way, Charity, Water and Sewer Commissioners, Sinking Fund Com- missioners, and also of the trust funds and such other departments and accounts as were necessary for a verification of the financial transactions of the Town. The general findings, together with financial statements and recommendations, follow :


ACCOUNTANT'S DEPARTMENT. The books of this department were checked in detail and additions were proved. The several accounts receivable appearing in the ledger were checked with the departmental committed accounts and necessary adjustments made. The differences in no way affected cash, but concerned accounts receivable, and were due both to reported items and to postings in the ledger.


The checking of the several department accounts would be greatly facilitated by prompt reporting to the Accountant of all amounts commit- ted for collection. This is very necessary, as the Accountant carries on


231


BUREAU OF STATISTICS REPORT.


19[4]


his books an " Accounts receivable account ; " just to the extent to which the departments fail to report committed bills promptly will his books fail to show the true financial condition of the Town.


A trial balance was taken off which proved the ledger to be in balance. The net change made after the accounts had been checked in detail amounted to $98.43, all of which was due to abatements which had not been reported, or, if reported, had not been entered on the books.


TREASURER'S DEPARTMENT. The Treasurer's cash book was added and totals and balances found to agree with the Accountant's books. The total payments agreed with the total amount of treasury warrants duly authorized. The Treasurer's cash payment account of interest and debt was checked. The amount held in a special account for amounts due and not presented for payment corresponds with the debt and interest due and unpaid. The cash balance was verified by bank statements as of July 18 and was reconciled back to July 1, and found to agree with the amounts called for on the books. The following statements show a reconciliation of the Treasurer's cash :-


Reconciliation of Cash Balance.


Cash on hand, December 31, 1913,


Receipts January I to June 30, 1914,


$4,811 02 269,865 32


$274,676 34


Payments January I to June 30, 1914,


$201,984 45


Cash on hand, June 30, 1914 . .


72,691 89


$274,676 34


Cash on hand, June 30, 1914 .


$72,691 89


Receipts July I to July 17, 1914 .


2,132 94


$74,824 83


Payments July I to July 17, 1914 . Cash on hand July 17, 1914 :


$18,784 61


Security Trust Co. - General


account . . $49,083 57


Security Trust Co. - Water account


5,998 17


Central National Bank


445 60


Manufacturers' National Bank


512 88


56,040 22


$74,824 83


COLLECTOR'S DEPARTMENT. The books and accounts of the Collector were checked and proved by comparison with the Accountant's and Treas- urer's records. The outstanding taxes and assessments of 1912 were listed on July 15, and those of 1913 on July 20. These lists were recon- ciled back to July I and checked to the Accountant's ledger.


TOWN CLERK'S DEPARTMENT. The Town Clerk's records were exam- ined and the Accountant's appropriation ledger verified from the records of the Town Meetings. Receipts on account of carriage, auctioneer, bowling alley, billiard and pool table licenses granted by the Selectmen and attested by the Town Clerk and fruit peddlers' licenses issued by the Town Clerk, were checked with the Treasurer's and Accountant's books.


232


TOWN DOCUMENTS.


[Dec. 31


TOWN HALL. Receipts on account of rent and use of telephone, aggre- gating $367.25 were checked with the Treasurer's account and found to agree.


POLICE DEPARTMENT. Receipts on account of this department aggre- gated $156.70, of which $150.70 was paid direct to the Treasurer ; the remaining $6 was deposited and the Treasurer's receipt taken therefor.


FIRE DEPARTMENT. The only receipt of this department was for the sale of a horse. Money received on this account was deposited with the Treasurer.


HIGHWAY DEPARTMENT. The accounts of this department were veri. fied and checked with the Accountant's and Treasurer's books.


CHARITY DEPARTMENT. The accounts of this department were verified and checked to the Accountant's and Treasurer's books.


WATER AND SEWERAGE BOARD. The records of this department were examined. All receipts were listed and checked with the Accountant's and Treasurer's books.


A great amount of detail clerical work is necessary in the accounting of water and sewer revenues, for in a growing town a considerable amount of money is raised annually from these sources. While the present Clerk of the Board is both competent and willing, the compensation is not large enough to justify the giving of the amount of time that this important work demands. The necessity of promptly reporting all financial trans- actions to the accountant so as to make possible a complete monthly balance sheet from his books showing the financial condition of the Town, is appreciated.


I was requested to suggest changes that would facilitate the work and improve the accounting procedures ; in accordance with this request, I will submit forms which will, in my opinion, be of great assistance.


SINKING FUNDS. All securities were personally examined and the income verified. The securities were listed, and receipts and payments for the period from January I to July 23, 1914, were checked and found to correspond to the amounts shown on the books.


TRUST AND INVESTMENT FUNDS. All of the Trust and Investment Funds held by the Town are deposited in Saving Banks. The bank books were examined and the amounts on deposit belonging to each fund listed. The income of the several funds for the first six months of the year do not show on the accountant's ledger.


Following is a list of the funds examined :


Phillips' School Medal Fund.


High School Alumni Scholarship Fund.


Joanna Morse Library Fund.


Frank Nesbett Cemetery Fund (private lot. )


Frank Nesbett Cemetery Fund (general care.)


Cemetery Lot Investment Fund.


Of the above named funds, the High School Alumni Scholarship Fund is a private Trust Fund and does not appear on the Accountant's books.


There are also in the Treasurer's hands savings bank books representing private trust funds for care of cemetery lots which are not carried on the town's books, as they are private trust funds, and are in no sense a liabil- ity of the town.


233


BUREAU OF STATISTICS REPORT.


1914]


CONCLUSION.


The accounting system installed was the first attempted under Chapter 598 of the Acts of 1910, and has, I believe, been honestly and faithfully carried on. Some of the points to which attention has been called in this report will readily lend themselves to the general scheme laid out, and additional departmental accounts, which have proved to be entirely practical, need to be added.


While engaged in making the audit, the usual hearty cooperation was received from the several town officials. For the valuable assistance rendered, I wish on behalf of myself and assistants to express my appreciation.


Respectfully submitted,


EDW. H. FENTON, Chief Accountant.


234


TOWN DOCUMENTS.


[Dec. 31


The Commonwealth of Massachusetts. BUREAU OF STATISTICS. State House, Boston.


FEBRUARY 2, 1915.


To the Board of Selectmen, Mr. Clarence B. Humphrey, Chairman, Swampscott, Mass :


GENTLEMEN, -I have to report the completion of an audit of the accounts of the Town for the six months ending December 31, 1914, made in accordance with the provisions of Chapter 598, Acts of 1910, and amend- ments thereof, and a vote of the Town. This work was placed in charge of Mr. Edward H. Fenton, Chief Accountant of this Bureau, whose report, together with a balance sheet, I am enclosing, and would respectfully com- mend the same to your consideration.


Very truly yours, (Signed) CHARLES F. GETTEMY, Director.


Mr. Charles F. Gettemy, Director, Bureau of Statistics, State House, Boston :


SIR,-I have made an audit of the books and accounts of the Town of Swampscott for the period from July 1, 1914, to December 31, 1914, and submit the following report :


All the financial transactions of the several departments were examined and checked to the Accountant's books.


The books and accounts in the latter's office were checked and com- pared with the Selectmen's warrants and Treasurer's books. The ledger accounts of taxes, special assessments, water rates, and service charges were examined and reconciled with the books of the Tax Collector and Water Registrar.


During the period covered by the audit, Mr. Arthur C. Widger was appointed Town Accountant to succeed Mr. Charles G. Rowell, deceased, who had been in charge of this department since the installation of the system in 1910. The work of Mr. Rowell in carrying out the accounting system installed, I believe greatly assisted. the administrative officers in the performance of their duties. By the exercise of good judgment he secured hearty co-operation on the part of the several Town officers. His successor has taken up the work in a businesslike manner, the con- dition of the books presaging that his work will be highly satisfactory. '


The Treasurer's accounts were examined, cash book added, receipts and payments checked to the Accountant's ledger, and cash balance verified. All receipts are deposited and payments are made by check, which greatly facilitates the checking of his accounts.


235


BUREAU OF STATISTICS REPORT.


1914]


The following is a reconcilation of the Treasurer's cash :


Reconcilation of Bank Balances.


Cash, January 7, 1915, Security Trust Co.,


general account


$37,664 92


Less outstanding checks .


573 35


$37,091 57


Add checks issued January 1 to 7, 1915 . 636 00


$37,727 57


Cash, January 7, 1915, Security Trust Co.,


water account ·


$325 83


Less outstanding checks .


55 96


269 87


Cash, January 1, 1915, Central National Bank, Cash, January 1, 1915, Manufacturers' National Bank


2,559 98


$42,315 80


Balance, December 31, 1914, per Accountant's cash book .


$42,315 80


Treasurer's Deposits for Debt and Interest.


Cash, January 1, 1915, First National Bank


$1,936 50


Outstanding bonds and coupons :


Bond No. 12, Sewer Loan 1911


$1,000 00


Coupons, School Loan


40 00


Coupons, Humphrey Street Loan


60 00


Coupons, Sewer Loan, 1911


40 00


Coupons, Sewer Loan, 1913


146 25


Coupons, Town Hall Loan, 1913


213 75


Coupons, Fire Department Loan, 1913


168 75


Coupons, Miscellaneous Loans (per coupon book)


267 75


1,936 50


Cash, January 1, 1915, Commonwealth Trust Co.


$175 00


Outstanding Coupons :


Coupons, Water Loan .


$140 00


Coupons, Sewer Loan .


35 00


$175 00


The books and accounts of the collector were examined, and outstanding taxes, moth, sewer, and sidewalk assessments were listed and reconciled to the Accountant's ledger. Payments to the Treasurer were checked with the Treasurer's and Accountant's books and found to agree.


The following statement is a summary of the Collector's accounts for the year.


Taxes, 1912.


Uncollected January 1, 1914


$9,870 83


Collections, 1914


.


$4,061 63


Abatements, 1914 .


.


5,809 19 OI


Adjustment


.


.


$9,870 83


1,758 38


236


TOWN DOCUMENTS.


[Dec. 31


Taxes, 1913.


Uncollected January 1, 1914 .


$18,980 04 4 00


Overpayment


.


$18,984 04


Collections, 1914


$11,593 27 ·


Abatements, 1914


96 51


Uncollected December 31, 1914, per detailed list,


7,294 26


$18,984 04


Taxes, 1914.


Commitment


· $239,592 96


Excise tax .


956 35


December commitment


39,168 48


$279,717 79


Collections, 1914


. $247,157 74


Abatements, 1914


4,652 55


Uncollected December 31, 1914, per detailed list,


27,907 50


$279,717 79


Moth Assessments, 1912.


Uncollected January 1, 1914


$71 75


Collections, 1914 .


71 75


Moth Assessments, 1913.


Uncollected January 1, 1914


$152 75


Collections, 1914 .


$43 50


Uncollected, December 31, 1914, per detailed list,


109 25


$152 75


Moth Assessments, 1914.


Commitment, 1914


$1,809 50


Collections, 1914 .


.


.


$1,615 75


Cancellations, 1914


10 00


Uncollected, December 31, 1914, per detailed list,


183 75


$1,809 50


Sewer Assessments, 1912.


Uncollected January 1, 1914


$123 24


Collections, 1914 .


$78 36


Cancellations, 1914 .


44 88


$123 24


Sewer Assessments, 1913.


Uncollected January 1, 1914


$2,033 II


Collections, 1914 .


$321 78


Uncollected December 31, 1914, per detailed list,


1,711 33


$2,033 II


Sidewalk Assessments, 1912.


Uncollected, January 1, 1914


$157 83


. Collections, 1914 . .


157 83


. .


237


BUREAU OF STATISTICS REPORT.


1914]


Sidewalk Assessments, 1913.


Uncollected, January 1, 1914


$698 31


Collections, 1914.


$310 84


Uncollected, December 31, 1914, per detailed list, 387 47


$698 31


Sidewalk Assessments, 1914.


Commitment, 1914


$2,039 07


Collections, 1914,


.


$1,339 83


Cancellations, 1914


32 62


Uncollected, December 31, 1914 ·


666 62


$2,039 07


The Assessors' warrants to the Collector for Taxes and special assess- ments were checked and compared with the Accountant's ledger.


All abatements allowed were correctly recorded, thereby providing a proof of the Collector's outstanding accounts as shown by the Account- ant's books.


The Sewer bills for 1914 are set up on the Accountant's books. In accordance with my former report, forms have been prepared which will facilitate the committing of Sewer bills and assessments and bring these accounts into harmony with the Accountant's general accounts, and will also furnish a detail to complete the system installed.


The outstanding accounts of the Water Department were listed and checked with the Accountant's books. The total amount shown by list is in excess of the amount called for on the Accountant's books ; but I did not feel justified in checking the individual items at this time, since these accounts will soon be collected, and the difference will consequently be located.


A statement of the water accounts for the year follows :


Uncollected January 1, 1914


$4,079 57


Commitments, 1914.


$29,401 00


Excess charges


11,256 93


Additional rates .


.


590 30


Services


1,759 66


Land rent


420 00


Sign rent .


60 00


$43,487 89


$47,567 46


Collections, 1914 . .


$41,831 63


Abatements, 1914


160 70


Shut-offs, 1914


91 00


Uncollected December 31, 1914, per detailed list .


$5,533 30


Less undetected errors


. 49 17 .


$5,484 13


$47,567 46


Minimum rates


.


.


·


.


.


.


238


TOWN DOCUMENTS.


[Dec. 31


The securities of the Water Loan Sinking Fund were personally exam- ined, listed, and coupons checked. The following is a detailed list of securities held :


Registered Bonds.


No. Denomination.


Amount


.25 $1,000 32 per cent Town of Swampscott Water Bonds .


$25,000 00


IO 500 32 per cent Town of Swampscott Water Bonds .


5,000 00


2 500 4 'per cent Town of Swampscott Water Bonds .


1,000 00


IO 100 42 per cent Town of Swampscott Water Bonds


1,000 00


2 1,000 32 per cent Town of Swampscott Sewer Bonds


2,000 00


5 1,000 42 per cent Reading Bonds .


5,000 00


2 1,000 4 per cent Ipswich Fire Station Bonds


2,000 00


3 1,000 4 per cent Revere School Bonds ·


3,000 00


8 250 4 per cent Revere School Bonds .


2,000 00


I 3,000 32 per cent City of New Bedford Sewer Bond


3,000 00


I 1,000 4 per cent City of Lynn Water Bond


1,000 00


I 2,000 4 per cent City of Lynn Water Bond .


2,000 00


I 1,000 4 per cent City of Lynn Sewer Bond


1,000 00


I 1,000 32 per cent City of Pittsfield Sewer Bond .


1,000 00


2 1,000 32 per cent City of Quincy Water Bonds


2,000 00


Coupon Bonds.


J $500 42 per cent Town of Swampscott Sewer Bond


$500 00


I 1,000 4 per cent Town of Amesbury Water Bond 1,000 00


3 1,000 4 per cent Town of Ipswich Water Bonds


3,000 00


I 1,000 4 per cent Town of Great Barrington Water Bond


1,000 00


I 500 32 per cent Town of Milton P. L. Bond


500 00


2 1,000 4 per cent Town of West Springfield Ref. Bonds


2,000 00


I 1,000 4 per cent Town of Attleborough Water Bond 1,000 00


2 1,000 32 per cent Town of Attleborough Water Bonds 2,000 00


I 1,000 4 per cent City of Haverhill School Bond


1,000 00


Cash in Security Trust Co., Lynn, Book No. 1,018.


304 60


Total value of Fund, January 1, 1915


$68,304 60


The trust and investment funds are all deposited in savings banks. The books were personally examined and found to agree with the Accountant's ledger.


The details of the funds are as follows :


Phillips' Medal Fund.


Lynn Institution for Savings, Book No. 1,351


$675 90


Lynn Five Cent Savings Bank, Book No. 67,097 .


945 28


Amount in fund January 1, 1915 . .


$1,621 18 .


Joanna Morse Library Fund.


Lynn Institution for Savings, Book No. 19,486 . $6,786 18


239


BUREAU OF STATISTICS REPORT.


1914 ]


A. F. Nesbett Cemetery Fund (General).


Lynn Institution for Savings, Book No. 23,001 $236 64


A. F. Nesbett Cemetery Fund (Private).


Lynn Institution for Savings, Book No. 23,000 $214 44


Cemetery Lots Investment Fund.


Lynn Institution for Savings, Book No. 23,002 $4,432 04


The preparation of the budget for several years has been such as to present to the taxpayer a clear statement of functional costs. To the Selectmen and to the several departmental officials credit is due for the systematic manner in which costs are presented to the Town. The man- ner of accounting for moneys received is such that future appropriations may be intelligently judged by comparison with past expenditures.


While engaged in making the audit, I found all books and records of the Town at my disposal. To the several officers, I wish on behalf of myself and my assistants to express my appreciation of the hearty cooperation received and valuable assistance rendered.


Respectfully submitted,


EDW. H. FENTON, Chief Accountant.


240


TOWN DOCUMENTS.


[Dec. 31


TOWN OF SWAMPSCOTT. Balance Sheet - December 31, 1914. General Accounts.


ASSETS.


Cash :


In Banks


$42,315 80


Accounts Receivable :


Taxes, 1913


$7,289 26 .


Taxes, 1914


27,907 50


35,196 76


Moth Assessments, 1913 .


$109 25


Moth Assessments, 1914 .


183 75


293 00


Sidewalk Assessments, 1913


$387 47


Sidewalk Assessments, 1914


666 62


1,054 09


Sewer Assessments, 1913


· .


1,711 33


Departmental Bills :


Sewer Bills of 1914 . ·


4,722 OI


Water Rates, Services and Rents


5,484 13


Tax Titles, held by Town


.


Appropriation Overdrafts, 1914 :


Fire Department


$424 80


School Department .


499 69


Court Execution - F. E. Wells


1,353 51


Interest on General Debt . .


2,120 25


Interest on Sewer Bonds .




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