USA > Massachusetts > Norfolk County > Weymouth > Town annual report of Weymouth 1948 > Part 20
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Withholding Taxes for U. S. Treasury
$8,338.75
Town
$942,245.02 185,866.14
$1,128,111.16
Accounts Receivable :
Taxes-Levy 1947-Real Estate
2,623.79
Federal Grants :
Levy 1948-Polls
470.00
Levy 1948-Personal
2,103.32
231.50
Levy 1948-Real Estate
97,358.70
102,555.81
Reserve Fund - Overlay Surplus
52,084.02
Motor Vehicle Excise Taxes :
Overlays Reserved for Abatements:
Levy 1947
23.08
Levy of 1947
2,623.79
Levy 1948
6,470.90
6,493.98
Levy of 1948
44,107.42
Revenue Reserved Until Collected :
Departmental:
Motor Vehicle Excise Taxes $6,493.98
Streets
$205.32
Public Welfare
8,172.55
Old Age Assistance
855.27
Hall Rentals
220.00
Vocational School
3,294.90
12,748.04
Aid to Highways - Revenue
$5,182.04
Aid to Highways
5,182.04
Particular Sewer Assessments - Revenue
6,165.75
Sewer Assessments
43,705.45
Particular Sewer Assessments
6,165.75
Premium Account - Town Water
620.73
Water Department:
Accrued Interest Account Town
179.13
Rates
48,591.84
Construction
2,385.86
50,977.70
Unexpended Appropriation Balances: Post-War Planning Committee 4,480.37
254
Dog License Fees for County
189.60
Water
Water Construction Deposits
2,889.03
Sale of Real Estate
14,896.30
O. A. A. - Recoveries
1,693.21
George-Deen Fund George-Barden Fund
25.89
1
Departmental
12,748.04
Tax Title Revenue
12,502.49
Tax Possessions Revenue
16,931.05
Water
51,976.87
$100.652.43
Sewer Assessments - Revenue
43,705.45
1,050.22
Water
106.95
Water Liens:
:
World War II Memorial Committee 185.08
Capital Outlay Committee 500.00
Taxes 1947 Taxes 1948
126.10
873.07
999.17
Weymouth Housing Authority 352.73 Selectmen's 1,070.00
Renovations - Town Hall
1,342.50
Tax Titles Tax Possessions
12,502.49
16,931.05
State Liabilities - Underestimates:
Charles River Basin Tax
$1,342.63
Metropolitan Parks Tax 2,709.62
Nantasket Maintenance Tax 200.96
Smoke Inspection Tax 10.67
4,263.88
Garbage Disposal 5,424.53
Construction Sewerage System
93,298.67
Chapter 90 Construction 6,889.41
Permanent Sidwalks (Materials)
1,616.78
Working New Streets (Materials)
8,051.57
Drainage Projects
1,508.14
Drainage Project 105 Summer St. 800.00
Sea Wall Construction
1,038.45
Legion Field Seats. 2,500.00
Plans, etc. - Junior High School
17,500.00
Nevin School Repairs
1,917.45
Land - A. Adams School
1,575.00
Construction -
A. Adams & Pratt Schools 349,278.04
Renovation - A. Adams School 3,000.00
Tufts Library Renovation 18,400.00
Recreational Program Committee
600.00
$529,461.63
Water Department: Major Construction $6,278.69
Water Construction-Loan 1948 120,013.88
Purchase Land on Pond 2,375.77
Purchase Land off Essex St.
473.99
Police Department: New Equipment Traffic Lights 1,000.00 Middle & Washington Sts. 2,986.75
Police Signal System 3,846.16 Health Dept. - Tuberculosis Survey 300.00
County Liabilities - Underestimates : County Tax 4,440.50
255
Purchase Land on Randall Ave. Equipment Account 3,634.47
1,935.49
Stock Account 3,645.40
$138,357.69
State Liabilities - Overestimates: South Metropolitan Sewerage System
1,937.46
Surplus Revenue : Town
$396,686.29
Water
43,891.74
440,578.03
$1,395,077.02
$1,395,077.02
EMERSON R. DIZER, Town Acocuntant
MUNICIPAL INDEBTEDNESS
$347,000.00
A. Adams and Pratt School Additions
$335,000.00
264,000.00
Bicknell School Addition
12,000.00
Water Loan - August 15, 1934
24,000.00
Water Loan - October 1, 1946 40,000.00
Water Loan
August 1, 1948
200,000.00
$611,000.00
$611,000.00
TRUST AND INVESTMENT FUNDS
Cash and Securities
$1,073,862.58
Tufts Fund, Free Public Lectures
$5,000.00
Tufts Fund, Free Public Lectures - Income
1,028.84
Tufts Fund, Books
2,500.00
Tufts Fund, Reading Room
2,500.00
256
Net Funded Debt - General Water
Tufts Fund, Sidewalks and Shade Trees
2,000.00
Tufts Fund, Sidewalks and Shade Trees-Income
80.25
Tufts Fund, Care Tufts Tomb
500.00
John C. Rhines Fund 10,000.00
Elias S. Beals Park Fund
1,000.00
John C. Rhines Fund-Income
4,222.25
Elias S. Beals Park Fund-Income
173.67
Laban Pratt Hospital Fund
300,000.00
Laban Pratt Hospital Fund-Income
335,389.72
Laban Pratt Fountain Fund
400.00
Laban Pratt Fountain Fund-Income 610.41
5,000.00
Augustus J. Richards Library Fund
12,805.88
Susannah Hunt Stetson Library Fund
2,500.00
Tirrell Donation Library Fund
1,000.00
Francis Flint- Forsythe Library Fund
1,000.00
Arthur E. Pratt Library Fund
3,000.00
Charles Henry Pratt Library Fund
500.00
William H. Pratt Library Fund
2,798.80
Alida M. Denton Library Fund
700.00
Weymouth Back River Bridge Fund
3,000.00
Municipal Buildings Insurance Fund
110,263.48
Martha Hannah King Fund
76.98
Ashwood Cemetery Fund
1,920.56
Post-War Rehabilitation Fund
208,500.00
Post-War Rehabilitation Fund-Income
55,391.47
$1,073,862.58
$1,073,862.58
EMERSON R. DIZER, Town Acocuntant
257
Joseph E. Trask Library Fund
TOWN TREASURER'S REPORT
To the Citizens of the Town of Weymouth
Treasurer's Cash January 1, 1948 Total Receipts for 1948
$516,144.00 4,189,599.59
Disbursements on Selectmen's Warrants
3,763,498.57
Treasurer s Cash December 31, 1948
$942,245.01
For details of Receipts and Disbursements please see Accountant s Report.
Respectfully submitted, HARRY I. GRANGER,
Town Treasurer
ASSETS
Due from Frank W. Holbrook, Collector of Taxes, for 1947
$2,646.87 126.10
Due from Frank W. Holbrook, Collector of Taxes, for 1947 Water Liens
Due from Frank W. Holbrook, Collector of Taxes, for 1948:
Personal Taxes
$2,103.32
Real Estate Taxes
97,358.70
Motor Vehicle Excise Taxes
6,470.90
Poll Taxes
470.00
Common Sewer Taxes
43,705.45
Particular Sewer Taxes
6,165.75
$156.274.12
Due from Frank W. Holbrook, Collector of Taxes, for 1948 Water Liens
873.07
Trust Funds and Accumulated Interest
813,199.95
Deposits Granite Trust Company
507,245.02
Deposits Second National Bank, Boston
335,000.00
Deposits Merchants National Bank, Boston
100,000.00
Sundry Bills Receivable
12,748.04
Town of Weymouth Post War Rehabilitation Fund
263,891.47
Total Assets December 31, 1948
$2,192,004.64
LIABILITIES
Total Amount of Notes and Bonds Outstanding
Bicknell School Addition 1949-1950
$12,000.00
School Addition August 1, 1948-58 Incl.
335,000.00
Total Liabilities December 31, 1948
$347,000.00
258
$4,705,743.59
NOTES AND BONDS DUE 1949
Bicknell School Addition, 4%., July 1
$6,000.00
School Addition Loan 1-3/4%
35,000.00
Total amount due 1949
$41,000.00
JOHN C. RHINES INCOME ACCOUNT
Income received to January 1, 1948
$3,880.55
Interest received during 1948
341.70
Total Fund East Weymouth Savings Bank and U. S. Savings Bonds December 31, 1948
$4,222.25
JOSEPH E. TRASK FUND
Total Fund January 1, 1948
$12,805.88
Interest 1948 Paid Tufts Library
$312.61
Total Fund December 31, 1948
$12,805.88
SUSAN HUNT STETSON FUND
Total Fund January 1, 1948
$2,500.00
Interest 1948 Paid Tufts Library $62.50
Total Fund in Weymouth Savings Bank December 31, 1948
$2,500.00
CHARLES Q. TIRRELL FUND
Total Fund January 1, 1948
$1,000.00
Interest 1948 Paid Tufts Library $25.00
Total Fund in Weymouth Savings Bank December 31,1948 $1,000.00
FRANCIS FLINT FORSYTH FUND
Total Fund January 1, 1948
$1,000.00
Interest 1948 Paid Tufts Library $25.00
Total Fund in Weymouth Savings Bank December 31, 1948 $1,000.00
AUGUSTUS J. RICHARDS 'FUND
Total Fund January 1, 1948 Interest 1948 Paid Tufts Library
$5,000.00
$125.00
Total Fund December 31, 1948
$5,000.00
259
ARTHUR E. PRATT FUND
Total Fund January 1, 1948
Interest 1948 Paid Tufts Library
Total Fund Weymouth Savings Bank December 31, 1948
$3,000.00
WILLIAM H. PRATT FUND
Total Fund January 1, 1948
$2,798.80
Interest 1948 Paid Tufts Library $59.45
Total Fund in East Weymouth Savings Bank December 31, 1948 $2,798.80
CHARLES HENRY PRATT FUND
Total Fund January 1, 1948
$500.00
Interest 1948 Paid Tufts Library $10.62
Total Fund in East Weymouth Savings Bank December 31, 1948
$500.00
ALIDA M. DENTON FUND
Total Fund January 1, 1948
$700.00
Interest 1948 Paid Tufts Library $14.87
Total Fund in East Weymouth Savings Bank December 31, 1948
$700.00
QUINCY TUFTS FUND FOR FREE PUBLIC LECTURES INCOME ACCOUNT
Total of Fund January 1, 1948
$903.81
Interest 1948 Mass. Hospital Life Ins. Co.
100.00
Interest 1948 Weymouth Savings Bank
25.03
Total Fund Weymouth Savings Bank December 31. 1948
$1,028.84
QUINCY TUFTS FUND FOR CARE OF TUFTS FAMILY TOMB
Bequest deposited in Mass. Hospital Life Insurance Co., Annuity in Trust G 4747
$500.00
Interest 1948 Paid North Weymouth Cemetery Association
$10.00
Total Fund December 31, 1948
$500.00
260
$3,000.00
$75.00
QUINCY TUFTS FUND FOR SHADE TREES AND SIDEWALKS INCOME ACCOUNT
Total of Fund January 1, 1948
$38.64
Interest 1948 Mass. Hospital Life Ins. Co.
40.00
Interest 1948 Weymouth Savings Bank
1.88
Total Fund Weymouth Savings Bank December 31, 1948
$80.52
QUINCY TUFTS FUND FOR MAINTENANCE OF READING ROOM
Deposited in Mass. Hospital Life Ins. Co. Annuity in Trust G 4746
$2,500.00
Interest 1948 Paid to Tufts Library
$50.00
Total Fund December 31, 1948
$2,500.00
QUINCY TUFTS FUND FOR BOOKS FOR TUFTS LIBRARY
Deposited in Mass. Hospital Life Ins. Co. Annuity in Trust G 4746
$2,500.00
Interest 1948 Paid Tufts Library
$50.00
Totol Fund December 31, 1948
$2,500.00
LABAN PRATT HOSPITAL FUND
Bequest July 22, 1925
$300,000.00
Interest to December 31, 1947
320,352.65
Total Fund January 1, 1948
$620,352.65
Income during 1948
15,064.54
$635,417.19
Charged to Granite Trust Checking account
27.47
Total Fund December 31, 1948
$635,389.72
INVESTMENTS OF THIS FUND
East Weymouth Savings Bank
$138,073.17
South Weymouth Savings Bank
171,596.08
Weymouth Savings Bank
125,533.28
Granite Trust Checking Account
187.19
U. S. Government Bonds
200,000.00
TOTAL
$635,389.72
261
MUNICIPAL BUILDING INSURANCE FUND
Total Fund January 1, 1948 Added by Vote of Town in 1948- Interest received during 1948
$107,594.43 1.00
2,668.05
Total Fund December 31, 1948
$110,263.48
INVESTMENTS OF ABOVE FUND
East Weymouth Savings Bank
$11,332.21
South Weymouth Savings Bank
8,931.27
U. S. Government Bonds
90,000.00
Total Fund December 31, 1948
$110,263.48
TOWN OF WEYMOUTH POST WAR REHABILITATION FUND
Total invested amount January 1, 1948
$500,000.00
Interest received to January 1, 1948
41,106.65
Interest received in 1948
10,722.31
551,828.96
Bonds sold for Sewer Construction
275,000.00
276,828.96
Premium received on bonds
3,652.51
280,391.47
Withdrawn from East Weymouth Savings Bank
16,500.00
Total Fund December 31, 1948
$263,891.47
INVESTMENT OF THE ABOVE FUND
U. S. Treasury Bonds 21/2% 1964-69
$125,000.00
U. S. Treasury Bonds 21/2% 1957
100,000.00
East Weymouth Savings Bank, Income Account
38,891.47
Total Fund December 31, 1948
$263,891.47
WEYMOUTH BACK RIVER BRIDGE FUND
Deposited in Mass. Hospital Life Ins. Co. Annuity in Trust A-023
$3,000.00
Accumulated Interest 1923-1947
3,106.71
Interest 1948
122.13
Total Fund December 31, 1948
$6,228.84
262
INVESTMENTS OF TRUST FUNDS
Savings Banks
South Weymouth
East Weymouth
Weymouth
Government Securities
Balance Jan. 1, 1949
Balance Jan. 1, 1948
Ashwood Cemetery
$764.06
$1,920.56 a
$1,879.04
Elias S. Beals Park
$1,000.00 173.67
$1,000.00
1,000.00
Elias S. Beals Park Income a/c
173.67
144.88
Alida M. Denton Library
$700.00
700.00
700.00
Francis Flint Forsythe Library
$1,000.00
1,000.00
1,000.00
Martha Hannah King
76.98
76.98
75.09
Arthur E. Pratt Library
3,000.00
3,000.00
3,000.00
Charles H. Pratt Library
500.00
500.00
500.00
Laban Pratt Fountain
400.00
400.00
400.00
Laban Pratt Fountain Income a/c
610.41
610.41
585.64
William H. Pratt Library
2,798.80
2,798.80
2,798.80
John C. Rhines Income for Public Purposes
2,500.00
5,000.00
2,500.00
10,000.00
10,000.00
John C. Rhines Income a/c
2,222.25
2,000.00
4,222.25
3,880.55
Augustus J. Richards Library
1,500.00
1,500.00
5,000.00
5,000.00
Susannah Hunt Stetson Library
2,500.00
2,500.00
2,500.00
Charles Q. Tirrell Library
1,000.00
1,000.00
1,000.00
Tufts Public Lectures
1,028.84
1,028.84
903.81
Tufts Reading Room
2,500.00 b
2,500.00
Tufts Books
2,500.00 b
2,500.00
Tufts Sidewalks & Shade Trees
2,000.00 b
2,000.00
Tufts Sidewalks & Shade Trees Income a/c
80.52
80.52
38.64
Tufts Care Tufts Tomb
500.00 b
500.00
Joseph E. Trask Library
$4,100.00
$2,005.88
$2,000.00
$4,700.00
$12,805.88
$12,805.88
TOTAL
$61,317.91
$60,712.33
Note a. $1,156.50 in Quincy Savings Bank January 1, 1949
b. Annuities in Massachusetts Hospital Life Insurance Co.
263
2,000.00
5,000.00 b
5,000.00
Tufts Public Lectures Income a/c
WEYMOUTH CONTRIBUTORY RETIREMENT FUNDS
Balance January 1, 1948 In Banks
U. S. Government Obligations and Corporation Bonds
$21,565.98 270,000,00
North Weymouth Cooperative Bank Shares
2,000.00
$293,565.98
RECEIPTS 1948
Member Contributions
$30,270.86
Town Appropriation
33,449.36
Interest on Bonds
8,050.00
Interest on Bank Accounts
213.36
$71,983.58
DISBURSEMENTS 1948
Retirement Allowances
$29,797.58
Security Purchases
47,438.05
Services (Acct. Dept.)
728.00
Supplies and Incidentals
228.88
Safe Deposit Box
10.00
Refund of Contributions
8,096.67
Association Membership
5.00
$86,304.18
INVESTMENTS OF FUNDS
U. S. Savings Bonds
$220,000.00
U. S. Victory Bonds
15,000.00
Other Corporate Bonds
73,000.00
East Weymouth Savings Bank
9,960.82
Granite Trust Balance Checking Account December 31, 1948
103.83
North Weymouth Cooperative Bank
2,000.00
First National Bank Boston 200 Shares
10,300.00
$330,156.99
Weymouth, Massachusetts February 10, 1949
I have audited the several accounts of the Treasurer of the Town of Weymouth and find all transactions duly recorded. The securities of the Town were examined, verification was made of all funds in banks and were found to be as set forth in the treasurers report. I am satisfied that the treasurer has properly accounted to the Town for all funds intrusted to him.
EMERSON R. DIZER, Town Accountant
264
REPORT OF THE WEYMOUTH CONTRIBUTORY RETIREMENT SYSTEM
Weymouth, Massachusetts February 7, 1949
To the Honorable Board of Selectmen and the citizens of Weymouth:
Members of the System January 1, 1948
287
Enrolled
43
Withdrawals
25
Retirements
3
Membership December 31, 1948
302
Pensioners January 1 1948
41
Retired in 1948
3
Deaths in 1948
4
Pensioners December 31, 1948
42
FINANCIAL REPORT FOR THE YEAR 1948 INCOME
From members:
Regular Contributions - Group A
$22,621.23
Regular Contributions - Group B
10,271.24
From Municipality :
Pension Fund
32,276.36
Expense Fund
1,173.00
Interest on Deposits:
East Weymouth Savings Bank
143.36
North Weymouth Co-operative Bank
60.00
Coupons on Bonds
2,287.50
U. S. Treasury, interest
5,562.50
First National Bank, Boston, dividends
200.00
$74,595.19
DISBURSEMENTS
Annuity Payments
$1,934.17
Pension Payments
27,437.58
Refunds:
To Members in Group A
7,227.39
To Members in Group B
869.28
Annuity Refund - Option B
425.83
Expenses :
Clerical Service
728.00
Office Supplies
87.01
Printing
15.95
Postage
45.00
Travel expense, etc.
38.92
Medical Examination
42.00
Rent Safe Deposit Box
10.00
Association Dues
5.00
Accrued Interest on Bonds purchased
98.05
38,964.18
Increase for the year
$35,631.01
265
BALANCE SHEET - DECEMBER 31, 1948 ASSETS
Treasurer's Cash Investments North Weymouth Co-operative Bank Shares
$9,856.99
313,424.06
2,000.00
Accrued Interest on Bonds
1,501.53
$326,782.58
LIABILITIES
Annuity Savings Fund
$175,942.43
Pension Fund
130,738.97
Annuity Reserve Fund
17,351.99
Expense Fund
471.41
Military Leave Reserve Fund
2,277.78
$326,782.58
SCHEDULE OF BONDS OWNED DECEMBER 31, 1948
Coupon Rate
Maturity
Par Value $10,000
Value Amortized
Amer. Tel. & Tel Co.
234%
Apr.
1, 1982
$10,075.00
Brooklyn Union Gas Co.
27/8%
July
1, 1976
5,000
4,850.00
N.Y.C. & H.R.R. Co.
31/2%
July
1, 1997
10,000
8,519.38
N.Y.C. & H.R.R.R. Co.
312%
Jan.
1, 1997
10,000
7,002.79
Pacific Gas & Elec. Co.
3
Dec. 1, 1979
10,000
10,628.91
Public Service Co. of Ind.
31/8%
Nov.
1, 1977
5,000
5,081.25
Southern Pacific R.R.
27/8%
Jan.
1, 1986
10,000
9,926.73
The Montana Power Co.
27/8%
Oct.
1, 1975
5,000
4,825.00
The Pacific Tel. & Tel. Co.
2 3/4 %
Dec.
1, 1985
5,000
4,650.00
Reading Company
31/8%
May
1, 1995
3,000
2,565.00
U. S. Savings Bonds
21/2%
Feb.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
21/2%
Mar.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
21/2%
June
1, 1954
5,000
5,000.00
U. S. Savings Bonds
21/2%
Aug.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
216%
Oct.
1, 1954
10,000
10,000.00
U. S. Savings Bonds
21/2%
May
1, 1955
40,000
40,000.00
U. S. Savings Bonds
21/2%
June
1, 1956
50,000
50,000.00
U. S. Savings Bonds
21/2%
June
1, 1957
25,000
25,000.00
U. S. Savings Bonds
21/2%
Dec.
1, 1957
10,000
10,000.00
U. S. Savings Bonds
216%
June
1, 1958
25,000
25,000.00
U. S. Savings Bonds
21/2%
June 1, 1960
25,000
25,000.00
U. S. Victory Bonds
21/2%
Dec. 1, 1963
15,000
15,000.00
$308,000
$303,124.06
Description of Bonds
Respectfully submitted, ERLE R. STARRATT, Chairman EMERSON R. DIZER, Secretary FRANCIS L. GAUGHEN
266
TABLE OF CONTENTS
Alewive Fishery
113
Annual Town Meeting
25
Special Town Meeting
74
Annual Town Meeting, Warrant for
11
Annual Town Meeting, Appropriations
54
Assessors' Report
125
Board of Health
111
Board of Fence Viewers
106
Building Inspector
112
Building Committee
137
Collector of Taxes
130
Dental Clinic
108
Dependent Children
106
Electric Lighting Committee
123
Fire Alarm, Supt.
113
Fire Department
114
Fence Viewers
106
Harbor Master
116
Inspector of Animals
228
Jury List
98
Laban Pratt Hospital Report
128
Library Report
143
Moth Department
120
Memorial World War II Veterans
133
Old Age Assistance
109
Park Commissioners
141
Parking Meters
115
Planning Board
228
268
Police Department
Public Welfare
124 113
Presidential Election
Presidential Primary
90 63
Retirement System
265
Registrars of Voters
96
Salaries of Town Officials
139
School Report
179
Sealer of Weights & Measures
115
Sewer Department
116
Shell Fish Constable
112
Street Department
109
Town Accountant's Report
229
Town Clerk's Financial Report
95
Town Counsel
107
Town Election
56
Town Engineer
121
Town Infirmary
122
Town Offices
3
Treasurer's Report
258
Tree Department
120
Veteran's Service
110
Water Department
157
Wiring Inspector
111
269
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