USA > Massachusetts > Essex County > Swampscott > Town annual report of Swampscott 1926 > Part 10
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1,128 59
Total
$1,182 17
Total
$1,182 17
PHILLIPS SCHOOL MEDAL FUND
Principal
Income
Total
$1,000 00
$1,050 61
$2,050 61
1,000 00
1,109 03
2,109 03
Receipts
Payments
Interest earned On hand July 1, 1925
$96 43 2,050 61
Withdrawn for expenses On hand December 31, 1925
$38 01
2,109 03
Total
$2,147 04 Total
$2,147 04
[Dec. 31
100
TOWN DOCUMENTS
Income
Total
Principal $1,000 00
$125 21
$1,125 21
1,000 00
128 59
1,128 59
On hand July 1, 1925 On hand December 31, 1925
$336 41
$168 54
On hand July 1, 1925 On hand December 31, 1925
MUNICIPAL INSURANCE FUND
Principal $3,500 00 3,500 00
Income
Total $4,665 73 4,872 19
On hand July 1, 1925 On hand December 31, 1925 Receipts Income earned
Total
$206 46
Total
$206 46
CEMETERY INVESTMENT FUNDS
Total
3,208 46
4,808 86
$17,567 88 8,017 32
Receipts
Payments
Sale of lots
$1,865 50
Interest earned
889 36
Bequest
150 00
Interest on bequest
10 33
345 00
Total receipts
$2,915 19
$12,465 75
On hand July 1, 1925
17,567 88
8,017 32
Total
$20,483 07
Total
$20,483 07
-
$206 46
$1,165 73 1,372 19 Payments Deposited in savings bank $206 46
1926]
DIVISION OF ACCOUNTS
On hand July 1, 1925 On hand December 31, 1925
Principal $13,313 71
Income
$4,254 17
Withdrawn for purchase of land (as voted by town April 8, 1924), for new ceme- tery Withdrawn for expenses
$12,120 75
Total payments On hand December 31, 1925
101
TOWN OF SWAMPSCOTT Balance Sheet-December 31, 1925 GENERAL ACCOUNTS
Assets
Cash in banks and office
$148,097 49
Temporary Revenue Loans: In anticipation of taxes
$100,000 00
Accounts Receivable :
Taxes:
Premiums reserved for pay- ment of debt 4,556 51
Levy of 1924
$1,243 42
Levy of 1925
73,255 60
74,499 02
Aspen road sewer $1,967 05
Pleasant street sewer 14 30
Aspen road drain
1,017 45
Military aid
485 00
Moth 1924
$3 00
Moth 1925
205 25
School committee 500 00
Municipal insurance 402 00
Contingent fund
333 59
Sewers 1924
$33 48
Sewers 1925
884 85
Unapportioned sewers
330 59
1,248 92
Sidewalks 1925
$782 45
Unapportioned sidewalks
4,658 81
5,441 26
Tax Titles Tax Title Possessions
$698 38
309 61
1,007 99
Stetson and Norfolk avenues 6,000 00
102
19,739 10
Non-revenue appropriation balances:
Essex street $1,327 94
Humphrey street concrete 32
Burpee road asphalt 1,143 47
Atlantic avenue macadam 1.136 69
Burrill street asphalt 1,503 41
[Dec. 31
TOWN DOCUMENTS
Chick property
700 00
Water maintenance 12,518 10
New cemetery lot construction 358 36
Land for cemetery 491 25
Revenue appropriation balances:
Special Assessments:
Redington street land taking
952 00
208 25
Liabilities
Departmental:
Stacey brook 111 18
Aspen road sewer
3,000 00
Emergency sewers
2,353 46
Redington street school
56,213 62
Palmer school addition
566 74
Military equipment
6 45
Water-Emergency
4,365 44
Bay View drive water main
4,600 00
Water Rates 1925
6,829 66
Water Services
1,767 44
Water Rents
60 00
Water Interest
765 98
Orchard-Nason and Neighbor- hood roads 2,400 00
87,431 72
Overlays, reserved for abatement of taxes: Levy of 1925
605 69
Overlay reserve
136 12
Revenue accounts-reserved until collected : Moth assessment $208 25
Sewer assessment
1,248 92
Sidewalk assessment
5,441 26
Tax title
1,007 99
Departmental
accounts l'e-
ceivable
374 96
Water 12,591 52
20,872 90
Surplus revenue
15,227 37
$248,569 41
1926]
DIVISION OF ACCOUNTS
103
374 96
Water Rates 1921
$25 34
Water Rates 1922
225 65
Water Rates 1923
1,302 26
Water Rates 1924
1,615 19
Puritan park, Oceanview, Mag- nolia road water mains 2,700 00
12,591 52
Loans Authorized but not issued 5,100 00
$248,569 41
Health
DEFERRED REVENUE ACCOUNTS
Assets
Liabilities
Special Assessments : Apportioned, but not due
$1,620 61
Apportioned sewers, due 1926 to 1934, inclusive $741 86 Apportioned sidewalks, due 1926 to 1929, inclusive 878 75
$1,620 61
1
DEBT ACCOUNTS
Water Loan Sinking Fund: Cash and securities Net funded or fixed debt
$134,740 72
Sewer loans, (serial)
218,100 00
Water loans, (serial)
113,000 00
Water loans, (with sinking funds)
150,000 00
$881,300 00
$881,300 00
TRUST ACCOUNTS
Trust and Investment Funds: Cash and securities: Principal Income
$15,904 46 9,057 68
Library Trust Funds: Ellen R. Whittle Fund: Principal Income
$2,000 00 21 97
$2,021 97
[Dec. 31
104
TOWN DOCUMENTS
Permanent improvement loans (serial)
$337,200 00
Tuberculosis hospital loan (serial) 63,000 00
746,559 28
$1,620 61
Joanna Morse Fund: Principal Income
$5,196 00 1,617 04
$6,813 04
Mary U. Thomson Fund: Principal Income
$1,000 00
128 59
$1,128 59
School Trust Fund:
Phillips Medal Fund: Principal
$1,000 00
Income
1,109 03
$2,109 03
Municipal Insurance Investment Fund:
Principal
$3,500 00
Income
1,372 19
$4,872 19
Cemetery Investment Fund:
Principal
$3,208 46
Income
4,808 86
$8,017 32
$24,962 14
$24,962 14
1926]
DIVISION OF ACCOUNTS
105
106
TOWN DOCUMENTS
[Dec. 31
THE COMMONWEALTH OF MASSACHUSETTS
Department of Corporations and Taxations
DIVISION OF ACCOUNTS
STATE HOUSE, BOSTON
September 14, 1926.
To the Board of Selectmen, Mr. Harry D. Linscott, Chairman, Swamp- scott, Massachusetts.
Gentlemen :- I submit herewith my report of an audit of the accounts of the town of Swampscott for the period from January 1 to June 30, 1926, made in accordance with the provisions of Chapter 44 of the General Laws. This report is in the form of a report made to me by Mr. Edward H. Fenton, Chief Examiner of this Division.
Very truly yours, THEODORE N. WADDEI.L, Director of Accounts.
Mr. Theodore N. Waddell, Director of Accounts, Department of Corporations and Taxation, State House, Boston.
Sir :- As directed by you, I have made an audit of the accounts of the town of Swampscott for the period from January 1 to June 30, 1926, and submit the following report thereon :-
The books and accounts in the town accountant's office were ex- amined and checked. The recorded receipts were checked with the financial records of the several departments collecting money for the town and with the treasurer's books. The recorded payments were checked with the selectmen's warrants authorizing payments and with the treasurer's cash book.
An analysis of the tedger was made; the appropriation accounts were compared with the classification book, and a balance sheet, which is appended to this report, was prepared showing the financial condi- tion of the town as of June 30, 1926.
The appropriation accounts were examined and all appropriations, transfers and loans voted by the town were checked with the town clerk's records of town meetings.
The books and accounts of the treasurer were examined and checked. The footing of the cash book was proved, the reported receipts were checked and compared with the accountant's books and with the rec- ords of the departments making payments to the treasurer, and the payments were compared with the warrants authorizing disbursements of town funds.
The cash balance was verified by a reconciliation of the accounts with statements furnished by the banks.
107
DIVISION OF ACCOUNTS
1926]
The securities of the trust, investment, and sinking funds were not examined at this time, but will be reported upon at the end of the year.
The books and accounts of the collector were examined and checked, the commitments of taxes and assessments were verified, and the abatements were checked to the assessors' records of abatements granted. The payments to the treasurer were checked to the treas- urer's books, and the outstanding accounts were listed and reconciled with the accountant's ledger.
The outstanding water accounts were checked, listed, and reconciled with the accountant's ledger; and the commitments of the water de- partment charges were verified by the department's records.
The outstanding accounts were further verified by mailing notices to a number of persons whose names appeared on the books as owing money to the town, and from the replies received, I am satisfied that the accounts are correct.
The records of the water department were examined, the records of abatements granted being checked and the charges, as shown by the card ledger accounts, being compared with the commitments to the collector.
The deeds representing the tax titles taken by the town for taxes were examined, listed, and proved to the accountant's ledger.
The town clerk's records of dog and of hunting and fishing licenses were examined, and payments to the state and county were verified by receipts on file.
The records of receipts from the sealer of weights and measures, rent of the town hall, elevator licenses, library fines and for licenses issued by the selectmen and the health department were examined, and the reported payments to the treasurer were checked to the treasurer's and the accountant's books.
Tables showing a reconciliation of the treasurer's cash and sum- maries of the tax, assessment and water accounts receivable accounts are appended to this report.
While engaged in making the audit, I received the co-operation of the various department officials, and I wish, on behalf of my assistants and for myself, to express appreciation.
Respectfully submitted,
EDW. H. FENTON, Chief Examiner.
108
TOWN DOCUMENTS
[Dec. 31
RECONCILIATION OF TREASURER'S CASH
Balance January 1, 1926
Receipts Jannuary 1 to June 30, 1926
$148,097 49 308,311 27
$456,408 76
Payments January 1 to June 30, 1926
$389,009 11
Cash in office June 30, 1926
1,104 13
Cash in banks June 30, 1926
66,295 52
$456,408 76
Balance July 1, 1926
$67,399 65
Receipts July 1 to July 6, 1926
4,283 42
$71,683 07
Payments July 1 to July 6, 1926
$6,942 57
Cash in office July 6, 1926
$1,485 47
Cash in banks July 6, 1926:
Manufacturers' National Bank of Lynn
15,228 78
Security Trust Company of Lynn
6,450 37
Sagamore Trust Company of Lynn
35,042 47
Central National Bank of Lynn
5,520 31
Webster and Atlas National Bank of Boston
1,013 10
$71,683 07
Manufacturers' National Bank of Lynn
Balance July 6, 1926, per treasurer
$15,228 78
Outstanding checks, per list
15 46
Deposit July 3, 1926 $4,283 42
Balance June 30, 1926, per bank statement
10,960 82
$15,244 24
Security Trust Company of Lynn
Balance July 6, 1926, per treasurer
$6,450 37
Outstanding checks, per list 71 90
Balance June 30, 1926, per bank statement
$6,522 27 $6,522 27
Sagamore Trust Company of Lynn
Balance July 6, 1926, per treasurer
$35,042 47 4,141 26
Outstanding checks, per list
$39,183 73
Balance June 30, 1926, per bank statement $46,443 64
Less checks drawn July 2, 1926
7,259 91
$39,183 73
Central National Bank of Lynn
Balance July 6, 1926, per treasurer $5,520 31
Outstanding checks, per list 84 81
Balance June 30, 1926, per bank statement
$5,605 12 $5.605 12
$15,244 24
109
Webster and Atlas National Bank of Boston
Balance July 6, 1926, per treasurer
Balance June 30 1926, per bank statement
$1,077 10 64 00
$1,013 10
Taxes-1924
Outstanding January 1, 1926
$1,243 42
Payments to treasurer January 1 to June 30, 1926
$1,098 45
Abatements January 1 to June 30, 1926
15 00
Outstanding June 30, 1926
129 97
$1,243 42
Outstanding July 1, 1926
$129 97
Excess collections, page 36, line 26
03
$130 00
Transferred to Tax Titles
$57 50
Outstanding July 6, 1926
66 00
Unlocated difference
6 50
$130 00
Taxes-1925
Outstanding January 1, 1925
$73,255 60
Payments to treasurer January 1 to June 30, 1926
$49,237 87
Abatements January 1 to June 30, 1926
532 18
Outstanding June 30, 1926
23,485 55
$73,255 60
Outstanding July 1, 1926
$23,485 55
Unlocated difference
26
$23,485 81
Payments to treasurer January 1 to July 6, 1926
$1,797 15
Outstanding July 6, 1926, per list
21,458 86
Cash on hand July 6, 1926, verified
229 80
$23,485 81
Taxes-1926
Commitment per warrant
$5,514 00
Payments to treasurer January 1 to June 30, 1926
$2,064 00
Abatements January 1 to June 30, 1926
32 00
Outstanding June 30, 1926
3,418 00
$5,514 00
Outstanding July 1, 1926
$3,418 00
Additional commitments
42 00
Commitment not previously reported
2 00
$3,462 00
Payments to treasurer July 1 to July 6, 1926
$1,746 00
Abatements not previously reported
6 00
Outstanding July 6, 1926, per list
1,462 00
Cash on hand July 6, 1926, verified
248 00
$3,462 00
1926]
DIVISION OF ACCOUNTS
$1,013 10
Less checks drawn July 2, 1926
110
TOWN DOCUMENTS
[Dec. 31
Moth Assessments-1924
Outstanding January 1, 1926
$3 00
Payments to treasurer January 1 to June 30, 1926
3 00
Moth Assessments-1925
Outstanding January 1, 1926
$205 25
Payments to treasurer January 1 to June 30, 1926
$120 50
Abatements January 1 to June 30, 1926
4 00
Outstanding June 30, 1926
80 75
$205 25
Outstanding July 1, 1926
$80 75
Payments to treasurer July 1 to July 6 1926
$12 00
Outstanding July 6, 1926, per list
68 75
80 75
Unapportioned Sewer Assessments
Outstanding January 1, 1926
$330 59
Commitments January 1 to June 30, 1926
3,201 73
$3,532 32
Payments to treasurer January 1 to June 30, 1926
$472 84
Apportioned January 1 to June 30, 1926
86 83
Outstanding June 30, 1926
2,972 65
$3,532 32
Outstanding July 1, 1926
Cash on hand July 6, 1926
$106 15
Outstanding July 6, 1926, per list
2,866 50
$2,972 65
Sewer Assessments-1924
Outstanding January 1, 1926
Payments to treasurer January 1 to
$33 48
Sewer Assessments-1925
$884 85
Outstanding January 1, 1926
Payments to treasurer January 1 to June 30, 1926 Outstanding June 30, 1926
$191 39
693 46
$884 85
Outstanding July 1, 1926
$693 46
$693 46
Outstanding July 6, 1926, per list
$33 48
June 30, 1926
$2,972 65
111
DIVISION OF ACCOUNTS
1926]
Unapportioned Sidewalks
Outstanding January 1, 1926
$4,658 81
Payments to treasurer January 1 to June 30, 1926 Abatements January 1 to June 30, 1926
$1,347 05
66 85
Apportioned January 1 to June 30, 1926
624 75
Outstanding June 30, 1926
2,620 16
$4,658 81
Outstanding July 1, 1926 Apportioned in error
12 63
$2,632 79
Payments to treasurer July 1 to July 6, 1926 Outstanding July 6, 1926, per list
$65 63
$2,567 16
$2,632 79
Sidewalk Assessments -- 1925
Outstanding January 1, 1926
$782 45
Payments to treasurer January 1 to June 30, 1926
$419 63
Apportioned January 1 to June 30, 1926
51 15
Outstanding June 30, 1926
311 67
$782 45
Outstanding July 1, 1926
$311 67
Payments to treasurer July 1 to July 6, 1926
$26 28
Outstanding July 6, 1926, per list
285 39
$311 67
Tax Titles
Outstanding January 1, 1926
$698 38
Tax titles purchased by town
1,277 59
Redemptions January 1 to June 30, 1926:
$478 58
Outstanding June 30, 1926
$1,497 39
$1,975 97
Outstanding July 1, 1926
$1,497 39
Transferred from taxes 1924
57 50
$1,554 89
Outstanding July 6, 1926, per list
$1,554 89
Water Rates-1921
$25 34
Outstanding January 1, 1926
Payments to treasurer January 1 to June 30, 1926
$13 96
Abatements January 1 to June 30, 1926
6 38
Outstanding June 30, 1926
5 00
$25 34
Outstanding July 1, 1926
$5 00
Outstanding July 6, 1926, per list
$5 00
$1,975 97
Payments to treasurer
$2,620 16
112
TOWN DOCUMENTS
[Dec. 31
Water Rates-1922
Outstanding January 1, 1926
$225 65
Payments to treasurer January 1 to June 30, 1926
$3 00
Abatements January 1 to June 30, 1926
144 13
Outstanding June 30, 1926
78 52
$225 65
Outstanding July 1, 1926
$78 52
Outstanding July 6, 1926
$78 52
Water Rates-1923
Outstanding January 1, 1926
$1,302 26
Payments to treasurer January 1 to June 30, 1926
$387 00
Outstanding June 30, 1926
915 26
$1,302 26
Outstanding July 1, 1926
$915 26
Outstanding July 6, 1926, per list
$915 12
Unlocated difference
14
$915 26
Water Rates-1924
Outstanding January 1, 1926
$1,615 19
Payments to treasurer January 1 to June 30, 1926
$355 19
Outstanding June 30, 1926
1,260 00
$1,615 19
Outstanding July 1, 1926
$1,260 00
Overpayment not refunded
1 00
$1,261 00
Outstanding July 6, 1926, per list
$1,261 00
Water Rates-1925
Outstanding January 1, 1925
$6,785 66
Payments to treasurer January 1 to June 30, 1926
$4,625 00
Outstanding June 30, 1926
$2,160 66
$6,785 66
Outstanding July 1, 1926
$2,160 66
Unlocated difference
9 41
$2,170 07
Payments to treasurer January 1 to July 6, 1926
$11 00
2,147 61
Outstanding July 6, 1926, per list Cash on hand July 6, 1926, verified
11 46
$2,170 07
113
DIVISION OF ACCOUNTS
1926]
Water Rates-1926
Commitments January 1 to June 30, 1926
$38,801 62
Payments to treasurer January 1 to June 30, 1926 Outstanding June 30, 1926
$31,207 34 7,594 28
$38,801 62
Outstanding July 1, 1926
$7,594 28
Commitment not reported to accountant
5,408 30
Overpayments
1 02
$13,003 60
Payments to treasurer July 1 to July 6, 1926
$302 19
Outstanding July 6, 1926, per list
12,621 70
Cash on hand July 6, 1926, verified
79 71
$13,003 60
Water Services
Outstanding January 1, 1926
$1,767 44
Commitments January 1 to June 30, 1926
1,598 29
Payments to treasurer January 1 to June 30, 1926
$2,072 04
Outstanding June 30, 1926
1,293 69
$3,365 73
Outstanding July 1, 1926
$1,293 69
Commitment not previously reported
41 13
Payments to treasurer July 1 to July 6, 1926
$87 11
Outstanding July 6, 1926, per list
1,247 71
$1,334 82
Interest on Water Services
Outstanding January 1, 1926
$765 98
Commitments January 1 to June 30, 1926
216 79
Payments to treasurer January 1 to June 30, 1926
$841 12
Outstanding June 30, 1926
141.65
$982 77
Outstanding July 1, 1926
$141 65
Outstanding July 6, 1926
$141 65
Water Rents
Outstanding January 1, 1926
$60 00
Commitments January 1 to June 30, 1926
200 00
Payments to treasurer January 1 to June 30, 1926
$240 00
Outstanding June 30, 1926
20 00
$260 00
Outstanding July 1, 1926 Outstanding July 6, 1926
$20 00
$20 00
$3,365 73
$1,334 82
$982 77
$260 00
114
TOWN DOCUMENTS
[Dec. 31
Dog Licenses
Cash on hand January 1, 1926 Licenses issued:
$6 00
219 males @ $2 00
$438 00
31 females @ $5 00
155 00
2 kennels @ $25 00
50 00
Payments to county treasurer
$484 60
Town clerk's fees retained, 207 @ 20c
41 40
Cash on hand June 30, 1926
123 00
$649 00
Cash on hand July 1, 1926
$123 00
Licenses issued :
5 males @ $2 00
10 00
1 female
$5 00
5 00
$138 00
Cash on hand July 12, 1926 (verified)
$138 00
Hunting and Fishing Licenses
Licenses issued :
43 resident citizens' sporting @ $2 25
$96 75
1 alien sporting @ $15 25 $15 25
2 minor trappers @ 75c
1 50
14 lobster fishermen's resident citizens' at $1 00
14 00
S
$127 50
Payments to Department of Conservation
$101 40
Town clerk's fees retained
11 50
Cash on hand June 30, 1926
14 50
$127 50
Cash on hand July 1, 1926
14 50
Licenses issued :
2 lobster fishermen's, resident citizens' at $1 00
2 00
$16 50
Payments to Department of Conservation
$12 50
Town clerk's fees retained
2 00
Cash on hand July 12, 1926 (verified)
2 00
$16 50
Selectmen's Licenses
Licenses issued :
3 Junk
@ $75 00
$225 00
22 Gasoline
@
$2 50
55 00
7 Innholders'
@ $5 00
35 00
1 Employment Agency
@ $2 00
2 00
1 Auctioneers'
@ $2 00
2 00
6 Express
@ $1 00
6 00
13 Taxi
@ $1 00
13 00
1 Bowling Alley
@ $2 00
2 00
1 Pool
@ $2 00
2 00
3 Used Car Dealers @ $35 00
105 00
$649 00
$447 00
115
Selectmen's Licenses-(Continued)
Payments to treasurer
$422 00 25 00
$447 00
Outstanding July 1, 1926
$25 00
Payments to treasurer
$5 00
Outstanding July 15, 1926
15 00
Cash in collector's hands July 15, 1926
5 00
$25 00
Town Hall
Cash on hand January 1, 1926 Receipts
$18 00 86 00
$104 00
Payments to treasurer
$85 00
Payments to collector
12 00
Outstanding June 30, 1926
7 00
104 00
Outstanding July 1, 1926
$7 00
Cash on hand July 14, 1926
$7 00
Elevator Licenses
Licenses issued
$14 00
Cash on hand June 30, 1926
$14 00
Cash on hand July 1, 1926
$14 00
Payments to treasurer July 1 to July 15 1926
$14 00
Health Department
Outstanding January 1, 1926
$374 96
Commitments
135 40
$510 36
Payments to treasurer
$388 71
Abatements
42 90
Outstanding June 30, 1926
78 75
$510 36
Sealer of Weights and Measures
Sealing fees January 1 to June 30, 1926
$54 37
Outstanding June 30, 1926
$6 29
Cash on hand June 30, 1926
48 08
$54 37
Cash on hand July 1, 1926
$48 08
Outstanding July 1, 1926
6 29
Sealing fees July 1 to July 14, 1926
3 80
$58 17
Outstanding July 14, 1926
$6 29
Cash on hand July 14, 1926
51 88
$58 17
1926]
DIVISION OF ACCOUNTS
Outstanding June 30, 1926
116
TOWN DOCUMENTS
[Dec. 31
Library
Cash on hand January 1, 1926 Fines
$51 28
142 93
$194 21
Payments to treasurer
$140 00
Cash on hand June 30, 1926
54 21
$194 21
Cash on hand July 1, 1926
$54 21
Fines July 1 to July 15, 1926
9 83
$64 04
Payments to treasurer
$40 00
Cash on hand July 15, 1926
24 04
$64 04
Town of Swampscott BALANCE SHEET JUNE 30 1926
TOWN OF SWAMPSCOTT Balance Sheet-June 30, 1926 GENERAL ACCOUNTS
Assets
Liabilities
Cash:
General
$67,399 65
Petty:
In anticipation of revenue
$300,000 00
Police
$50 00
Health
25 00
Library
15 00
Cemetery perpetual care funds 780 00
Appropriation balances
412,119 20
Accounts Receivable :
Taxes :
Levy of 1924
$72 47
Levy of 1925
23,485 55
Levy of 1926
3,420 00
26,978 02
"pecial Assessments:
Toth 1925
80 75
Swers 1925
$693 46
Sewer assessment
3,666 11
Sidewalk assessment
2,944 46
Tax titles
1,864 50
Departmental
128 75
Water
13,469 06
Tax titles
$1,544 89
Tax titles posessions
309 61
1,864 50
Moth assessment $80 75
Urpportioned sewers
2,972 65
3,666 11
Sidewaks 1925
$311 67
Unappctioned sidewalks
2,632 79
2,944 46
Surplus revenue
22,153 63 14,465 86
[Dec. 31
118
TOWN DOCUMENTS
Levy of 1925 73 51
Overlay reserve
136 12
Revenue accounts-reserved until collected:
Temporary Loans:
Cemetery sale of lots funs 1,239 50
90 00
Overlay reserved for abatement of taxes:
Departmental:
Health School
$78 75 50 00
128 75
Water Rates 1921
5 00
Water Rates 1922
78 52
Water Rates 1923
915 26
Water Rates 1924
1,260 00
Water Rates 1925
2,160 66
Water Rates 1926
7,594 28
Water Services
1,293 69
Water Rents
20
00
Water Interest
141 65
13,469 06
Revenue 1925
$600,127 89
Less collections, estimated receipts
12,046 18
588,081 71
Trust fund transactions
160 78
Loans Authorized
38,000 00
Accounts overdrawn: ยท
Overlay 1924
$15 00
Overlay 1926
32 00
Essex street paving
2,738 68
Chick property
5,318 35
8,104 03
$750,967 82
1926]
DIVISION OF ACCOUNTS
$750,967 82
119
120
DEFERRED REVENUE ACCOUNTS
Assets
Liabilities
Special Assessments : Apportioned, but not due
$2,370 71
Apportioned sewers, due 1926 to 1935, inclusive Apportioned sidewaks, due 1926 to 1930, inclusive
$828 69
1,542 02
$2,370 71
$2,370 71
DEBT ACCOUNTS
Water Loan and Sinking Fund: Cash and securities Net funded or fixed debt
Permanent improvement loans, (serial)
$321,500 00
$134,740 72
Tuberculosis hospital loan, (serial) 59.000 00
717,109 28
Sewer loan, (serial)
214,350 00
Water loan, (serial)
107,000 00
Water loan, (with sinking fund)
150,000 00
$851,850 00
$851,850 00
Trust and Investment Fund: Cash and securities : Principal Income
TRUST ACCOUNTS
Library Trust Funds: Ellen R. Whittle Fund: Principal Income
$2,000 00 21 97
$2,021 97
[Dec. 31
TOWN DOCUMENTS
$15,904 46 7,440 64
Joanna Morse Fund: Principal $5,196 00
5,196 00
Mary L. Thomson Fund: Principal
$1,000 00
Income
128 59
1,128 59
School Trust Fund: Phillips Medal Fund: Principal
$1,000 00
Income
1,109 03
2,109 03
Municipal Insurance Investment Fund: Principal
$3,500 00
Income
1,372 19
4,872 19
Cemetery Investment Funds:
Principal
$3,208 46
Income
4,808 86
8,017 32
$23,345 10
$23,345 10
1926]
DIVISION OF ACCOUNTS
121
122
TOWN DOCUMENTS
[Dec. 31
Treasurer's Report
James W. Libby, Treasurer.
In account with the Town of Swampscott for the year ended December 31, 1926.
Balance on hand January 1, 1926
$148,097 49
RECEIPTS
Tax Collector
Taxes
$595,140 08
Water Receipts
$69,986 46
Sewer Assessments
1,774 94
Sidewalk and Curbing
1,465 42
Miscellaneous
7,152 62
$675,519 52
Temporary Loan Notes Issued in Anticipation of Revenue
Notes discontinued at 3.49%
$100,000 00
Notes discounted at 3.23%
100,000 00
Notes discounted at 3.26%
100,000 00
Notes discounted at 3.72%
100,000 00
$400,000 00
Bonds and Notes, Issued and Sold
Sewerage Loans
4% Serial Coupon Notes
$17,000 00
4% Serial Registered Notes
4,000 00
Street Loan
4% Serial Coupon Notes
15,000 00
Premium on $32,000 at 100.48
153 60
Accrued Interest
24 89
$36,178 49
Amount carried forward
$1,259,795 50
1926]
REPORT OF TREASURER
123
Amount brought forward
Commonwealth of Massachusetts
Income Tax, 1926
$49,191 17
Income Tax, 1926 "Special"
13,224 00
Corporation Tax, Business
6,815 05
Corporation Tax, Public Service
4,310 43
Charles River Basin Loan, Sinking Fund
3,164 23
Department of Public Works, Division of Highways
3,088 21
Trust Company Tax
2,747 78
National Bank Tax
2,729 98
Income Tax, 1925
1,300 00
Temporary Aid
1,070 17
Street Railway Tax, 1926
590 14
State Aid
570 00
Income Tax, 1924
511 10
English Speaking Classes, for Adults
440 18
Income Tax, 1923
403 50
Tuition of children
352 62
Division of Sanatoria
325 71
Vocational Education
16 12
Military Aid
7 50
Street Railway Tax, 1925
1 13
$90,859 02
County of Essex
Essex Street Construction
3,088 22
Refund of Dog Tax
508 83
$3,597 05
Trust Funds
Joanna Morse Library Fund, Income
$1,921 52
cemetery Trust Fund, Care of Lots
375 00
Mary L. Thomson Library Fund, Income
185 69
Ellen R. Whittle Library Fund, Income
124 30
$2,606 51
Refund of 1925 Armistice Day Appropriation
200 00
Palmer School Insurance Adjustment
23
Interest Bank Deposits
3,328 46
Total Receipts
$1,360,386 77
Less :
Treasury Warrants honored and paid,
numbered from 1 to 4771
1,266,700 91
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