USA > Massachusetts > Middlesex County > Wakefield > Town annual report of the officers of Wakefield Massachusetts : including the vital statistics for the year 1928 > Part 7
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).
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13
Effective February 1928, the gas rate for consumption of 1000 cubic feet or more was reduced from $1.70 per 1000 feet to $1.65 net and again on July 1, 1928 from $1.65 net to $1.60 net. As of January 1, 1929, the rate becomes $1.55 net.
April 1, 1928, the rate for electricity was reduced from 7 cents net to 612 cents net and on January 1, 1929 the rate becomes 6 cents net.
It is hoped that both the gas and electric rates may be further reduced.
During the year a substantial amount of the Depreciation Reserve was used for new gas mains and at the close of the year this fund amounted to $19,434.80.
Continuing the policy announced last year to replace the high pressure gas system as rapidly as circumstances would warrant, we have replaced all of the high pressure mains in Montrose and a few other places with low pressure mains of ample capacity. This plan we hope to continue until the high pressure system has been wholly replaced. In all, during the year, 43,665 feet of new mains were laid.
This policy, together with much attention to leaks in the gas distri- bution system has resulted in a much more efficient system, and, we believe. in much more satisfactory conditions for the consumers.
We plan to ask the Town for only $18,000 for street lighting service for 1929, which is the same price that has prevailed for the years 1926, 1927 and 1928, despite many new installations during 1928 and more con- templated for 1929.
110
TOWN OF WAKEFIELD
The books of the Department are in process of being audited by C. O. Huntington & Company, Certified Public Accountants.
It is our intention to again ask the Town at the annual spring meet- ing to authorize the transfer from Operation Fund to Construction Fund of the sum of $49,340.54, the cash balance in the Operation Fund at the close of the year 1928. This, together with the unused balance in the Construction Fund and such amounts as are necessary from the Deprecia- tion Fund, will eliminate the necessity of increasing bonded indebtedness for the fourth consecutive year.
It is once more pleasing to note a further reduction in bonded indebted- ness from $177,500 to $163,500.
A further increase of net plant book value is shown with a figure of $522,848.38 as compared with $470,948.42 at the close of 1927.
We again ask your co-operation and pledge ourselves to serve you to the best of our ability.
Very truly yours,
MARCUS BEEBE, 2nd, Chairman, A. STANLEY NORTH, Secretary, CURTIS L. SOPHER, M. D., Board of Commissioners Municipal Light Department.
111
REPORT OF MUNICIPAL LIGHT BOARD
MANAGER'S REPORT
January 2, 1929.
To the Honorable Board of Light Commissioners, Town of Wakefield.
Gentlemen:
For your consideration, I am submitting herewith the Thirty-fifth Annual report of the Wakefield Municipal Light Department, showing conditions existing at the close of the year ending December 31, 1929.
Condensed Financial Statements consisting of a
BALANCE SHEET
SCHEDULES OF PLANT INVESTMENT
STATEMENT OF SURPLUS
STATEMENT OF INCOME AND EXPENSE-GAS
STATEMENT OF INCOME AND EXPENSE-ELECTRIC follow :
112
TOWN OF WAKEFIELD
WAKEFIELD MUNICIPAL LIGHT DEPARTMENT
BALANCE SHEET AS OF DECEMBER 31, 1928 ASSETS
PLANT INVESTMENTS
Gas Department (Schedule A)
$276,658.71
Electric Department (Schedule B)
276,118.33
General Equipment (Schedule C)
10,297.90
$563,074.94
CURRENT ASSETS
Operation Fund
$49,340.54
Construction Fund
13,197.71
Depreciation Fund
19,434.80
Office Fund
400.00
Special Deposits
17,392.30
Accounts Receivable
23,634.41
Material and Supplies
19,937.58
143,337.34
PREPAID EXPENSE
Insurance 490.51
TOTAL ASSETS
$706,902.79
113
REPORT OF MUNICIPAL LIGHT BOARD
WAKEFIELD MUNICIPAL LIGHT DEPARTMENT
BALANCE SHEET AS OF DECEMBER 31, 1928 LIABILITIES
BONDS PAYABLE
$163,500.00
CURRENT LIABILITIES
Accounts Payable
$233.48
Consumers' Deposits
17,392.30
Matured Interest
518.02 18,143.80
ACCRUED LIABILITIES
Interest on Bonds
2,410.61
OTHER LIABILITIES
Loans Repayment Appropriation for Construction
$309,800.00
51,632.86
361,432.86
SURPLUS (Schedule D)
161,415.52
TOTAL LIABILITIES AND SURPLUS
$706,902.79
114
TOWN OF WAKEFIELD
WAKEFIELD MUNICIPAL LIGHT DEPARTMENT
PLANT INVESTMENTS
GAS DEPARTMENT-SCHEDULE A
Land
$6,591.75
Structures
25,459.40
Boiler Plant Equipment
2,138.49
Engines
8,028.60
Miscellaneous Power Plant Equipment
1,406.69
Water Gas Sets
20,413.00
Street Mains
169,604.89
Services
14,112.19
Consumers' Meters
25,247.43
Consumers' Meter Installations
3,555.42
Miscellaneous Equipment
100.85
TOTAL PER BALANCE SHEEMH
$276,658.71
ELECTRIC DEPARTMENT-SCHEDULE B
Land
$213.57
Structures
17,135.73
Substation Equipment
35,948.55
Poles, Fixtures and Overhead Construction
78,375.02
Underground Conduits
25,415.93
Underground Conductors
34,194.77
Consumers' Meters
31,227.59
Consumers' Meter Installations
32.67
Line Transformers
27,542.63
Transformer Installations
1,917.64
Street Lighting Equipment
23,359.29
Miscellaneous Equipment
754.94
TOTAL PER BALANCE SHEET
$276,118.33
GENERAL EQUIPMENT-SCHEDULE C
Office Furniture and Fixtures Automobiles
$5,794.91
4,170.31
Laboratory Equipment
332.68
TOTAL PER BALANCE SHEET
$10,297.90
115
REPORT OF MUNICIPAL LIGHT BOARD
WAKEFIELD MUNICIPAL LIGHT DEPARTMENT
SURPLUS-DECEMBER 31, 1928-SCHEDULE D
CREDITS
Balance, January 1, 1928
$123,515.56
Profit from Electric Operations
45,629.32
Profit from Gas Operations
14,262.01
TOTAL CREDITS
$183,406.89
DEBITS
Adjustment Coal Inventory, 1927
$78.32
Adjustment Cost of Gas, 1927
355.57
Uncollectable Accounts, 1925-26-27
791.19
Property Abandoned
6,766.29
Bonds Retired
14,000.00
TOTAL DEBITS 21,991.37
BALANCE, December 31, 1928
$161,415.52
1
116
TOWN OF WAKEFIELD
WAKEFIELD MUNICIPAL LIGHT DEPARTMENT
STATEMENT OF INCOME AND EXPENSE-GAS DEPARTMENT
INCOME FROM SALE OF GAS
Regular Meter Sales
Prepaid Meter Sales
Municipal Meter Sales
$132,843.35 4,115.76 692.07
TOTAL SALES
$137,651.18
DEDUCT-OPERATING EXPENSE
Gas Purchased
$70,744.20
Transmission and Distribution
30,073.78
Commercial
6,927.61
New Business
273.20
General
5,970.18
Depreciation
6,920.84
TOTAL OPERATING EXPENSE
120,909.81
TOTAL OPERATING INCOME
$16,741.37
ADD-OTHER INCOME
Merchandising and Jobbing
$69.65
Interest on Bank Balances
212.32
281.97
GROSS INCOME
$17,023.34
DEDUCT-MISCELLANEOUS EXPENSE
Interest on Bonds
$2,267.47
Interest on Consumers' Deposits
252.72
Taxes
68.07
Uncollectable Accounts
173.07
2,761.33
NET INCOME TO SUPRLUS (Schedule D)
$14,262.01
117
REPORT OF MUNICIPAL LIGHT BOARD
WAKEFIELD MUNICIPAL LIGHT DEPARTMENT
STATEMENT OF INCOME AND EXPENSE-ELECTRIC DEPART- MENT
INCOME FROM SALE OF ELECTRICITY
Commercial Lighting
$98,471.66
Commercial Power
48,182.47
Municipal Power
7,023.66
Municipal Lighting
3,899.72
Street Lighting
18,000.00
TOTAL SALES
$175,577.51
DEDUCT-OPERATING EXPENSE
Electric Energy Purchased
$60,272.20
Transmission and Distribution
23,421.45
Utilization
4,474.87
Commercial
6,281.21
New Business
269.30
General
13,470.86
Depreciation
16,760.97
TOTAL OPERATING EXPENSE
124,950.86
TOTAL OPERATING INCOME
$50,626.65
ADD-OTHER INCOME
Merchandising and Jobbing
$10.02
Interest on Bank Balances
212.31
222.33
GROSS INCOME
$50,848.98
DEDUCT-MISCELLANEOUS EXPENSE
Interest on Bonds
$4,728.16
Interest on Consumers' Deposits
252.72
Taxes
68.07
Uncollectable Accounts
170.71
5,219.66
NET INCOME TO SURPLUS (Schedule D)
$45,629.32
118
TOWN OF WAKEFIELD
Before the ground opened for construction work, numerous changes were made in the buildings of the department on North Avenue, a meter room was constructed in the basement of the purifierhouse, having brick walls and concrete top, which forms the floor for a new and enlarged pipe shop in the upper part. In this meter room is installed the meter showing the incoming gas, which is bought, and a rotary meter, salvaged from the previous installation, is used ahead of the compressor showing the gas sent out under high pressure. The placing of this second meter is the first time the department has been able to know the real high pressure output.
All the above building was constructed from salvaged material about the plant, excepting sand and cement. The floor of the old condenser room was treated the same way, using salvaged I beams and reinforcing the 8" concrete floor with short lengths of old pipe which was recovered from various sources. The walls were then cleaned and painted, making a very great improvement for work shop and for storage.
The continuation of the scheme of changing high pressure to low pres- sure, started two years ago, was begun in April, with the laying of pipe in Vernon Street toward Lowell Street and thence to include the Montrose district in general, closing the circuit with a connection in Main Street at the end of Richardson Street. Other replacements were made in Broad- way and Bartley Street, and a gas main was extended in Western Avenue from Elm Street toward Parker Road.
Due to changes in the street line of Oak Street at Main Street as far as Francis Avenue, new mains of larger capacity were laid, with a view to putting the Greenwood district into the low pressure area. In this district it is expected that with the extension of the Malden & Melrose Gas Company's lines all ready provided for, that connection may be made at this point, as a center of distribution with a meter house nearby, so that the necessity of pumping gas from North Avenue through Greenwood will be obviated. Already those changes from high pressure to low pressure, which have been made in the system, have shown a reduction in cost of maintenance and operation and the output at high pressure reduced from 50% of the total bought to 30%.
The electric lines which for some time have occupied both sides of Water Street from the railroad crossing to the Saugus line have all been transferred to the South side and the pole line placed in good condition.
A six duct conduit from the existing manhole at Wakefield Avenue and Water Street has been placed in Water Street parallel to the Edison conduit and continued to the existing manhole in Main Street at Water Street. All necessary leads for street lighting and services were run to the point of application in anticipation of underground connections and re- moval of all poles along Water Street from Main Street to Crescent Street.
119
REPORT OF MUNICIPAL LIGHT BOARD
The power service extended to the Water Department's pumping station on Broadway started early in February and has been successfully used in the operation of all the pumping for the Town, on electrically driven centrifugal pumps. This service is sold to the Water Department at cost of current to the Light Department.
At the widened crossing of Lowell Street and Vernon Street this de- partment purchased and installed a four way automatic traffic signal. Numerous installations of street lights have been made on petitions sub- mitted to the Board of Selectmen and referred to this department for ac- tion.
COST OF GAS
Cost of gas in Holder
$70,744.20
Total gas purchased-cubic feet
97,920,265
Cost of gas in Holder per M cubic feet
.722
Total gas delivered to customers
82,853,000
Average cost delivered per M Cubic feet
$1.49
COST OF ELECTRICITY
Cost of electricity at switchboard
$60,272.20
Total electricity purchased K. W. hours
4,075,855
Cost per kilowatt hour .0148
Delivered to customers-kilowatt hours
3,623,459
Average cost delivered to customer
$.0358
SUMMARY OF NEW CONSTRUCTION-GAS
Total feet of mains laid (all sizes) feet
43,655
Total cost of mains
$52,763.03
Total gas services (new)
83
Total cost of services
$1,867.12
Cost of new meters
$925.92
Gas meters purchased
102
In use beginning of year
3,523
Meters set
806
Meters removed
723
Meters in use end of year
3,606
Gain in meters
83
SUMMARY OF NEW CONSTRUCTION-ELECTRICITY
Street lights installed
67
Cost of new street lights
$3,572.39
New transformers
44
Cost of new transformers
$4,428.98
120
TOWN OF WAKEFIELD
New poles set
53
Lines extended-feet
€7,364
Electric meters purchased
229
Cost of new meters
$2,148.12
Meters in use beginning year
4,088
Meters set
956
Meters removed
751
Meters in use at end of year
4,293
Gain
204
In conclusion I wish to thank the Board of Commsisioners for their hearty support as well as the help and co-operation of the employees of this department and the general public during the past year, which I ap- preciate has contributed so largely to the continued success and prosperity of this Department.
I am confident that our people fully appreciate that their continued good will and loyal support of this, their enterprise, will insure continued low rates, good service and substantial surplus.
Respectfully submitted,
SAMUEL H. BROOKS,
Manager Municipal Light Department.
121
REPORT OF MUNICIPAL LIGHT BOARD
Fire Alarm
January 2, 1929.
Municipal Light Commissioners, Town of Wakefield.
Gentlemen:
The Fire Alarm system of the Town is in excellent working condition, several lines have been run, extending existing circuits to new box locations. Some renumbering of the old boxes has been made in consequence of these extensions.
There has been but very little trouble in open circuits during the year. A piece of cable leading to Greenwood has had to be renewed and some new lighting effects have been produced; that at Oak and Main Streets and at the corner of Albion and Main Street being the most noticeable.
It is recommended that some means of rapid connection between the departments of the Fire and Police be established.
The Department asks for the same amount of appropriation, namely $2,700 be made for maintainance and repairs.
Respectfully submitted, SAMUEL H. BROOKS,
Superintendent Fire Alarm.
122
TOWN OF WAKEFIELD
Report of Town Treasurer
To the Citizens of Wakefield:
I herewith present my report for the fiscal year ending December 31, 1928.
TRUST FUNDS
The Trust Funds and available income balances now in my hands are as follows:
Cornelius Sweetser Lecture Fund
$10,000.00
Cornelius Sweetser Lecture Guarantee Fund
1,836.22
John Gould Aborn Library Fund
1,689.26
Cyrus G. Beebe Library Fund
2,000.00
Frederic Beebe Library Fund
1,000.00
Rev. Thomas Albert Emerson Library Fund
500.00
Flint Memorial Library Fund
1,000.00
Merrill W. Gove Library Fund
500.00
Dr. Francis P. Hurd Library Fund
2,500.00
Franklin Poole Library Fund
500.00
Mary H. Pratt Library Fund
200.00
Cyrus Wakefield Library Fund
500.00
Mary E. Aborn Park Fund
2,000.00
Nancy White Park Fund
1,000.00
Rev. Thomas Albert Emerson High School Fund
1,000.00
Rev. Thomas Albert Emerson High School Fund, interest bal- ance available 59.55
Nancy White Hurd School Fund
500.00
Nancy White Hurd School Fund, interest balance available
23.49
Jonathan Nichols Temperance Fund
1,000.00
Jonathan Nichols Temperance Fund, interest balance available Sarah Burbank Burial Lot Fund
100.00
Sarah Burbank Burial Lot Fund, interest balance available
57.00
Ezra Eaton Burial Lot Fund
100.00
Ezra Eaton Burial Lot Fund, interest balance available
8.23
Rev. Thomas Albert Emerson Old Cemetery Fund
1,000.00
Rev. Thomas Albert Emerson Old Cemetery Fund, interest bal- ance available 72.74
Flint Old Burial Ground Fund
2,000.00
Carried Forward
$31,156.39
9.90
REPORT OF TOWN TREASURER
123
Brought Forward
$31,156.39
Flint Old Burial Ground Fund, interest balance available 233.48
Stimpson Family Burial Lot Fund 200.00
Stimpson Family Burial Lot Fund, interest balance available 27.07
Clarissa E. Swain Burial Lot Fund 500.00 Clarissa E. Swain Burial Lot Fund, interest balance available 28.85
Cornelius Sweetser Burial Lot Fund 1,000.00
Cornelius Sweetser Burial Lot Fund, interest balance available 129.93
Jane K. Vinton Burial Lot Fund 50.00
Jane K. Vinton Burial Lot Fund, interest balance available
7.31
George M. Kelley Burial Lot Fund
25.00
George M. Kelley Burial Lot Fund, interest balance available 10.58
Levi Flanders Burial Lot Fund 100.00
Levi Flanders Burial Lot Fund, interest balance available
5.20
Gad and Clarissa Chandler Carter Burial Lot Fund
200.00
Gad and Ciarissa Chandler Carter Burial Lot Fund, interest balance available 36.57
P. M. Wilkinson Burial Lot Fund 50.00
P. M. Wilkinson Burial Lot Fund, interest balance available
6.86
Francis C. Robie Burial Lot Fund
25.00
Francis C. Robie Burial Lot Fund, interest balance available
1.45
James and Elizabeth Walton Burial Lot Fund in Old Cemetery
100.00
James and Elizabeth Walton Burial Lot Fund in Old Cemetery, interest balance available 1.67
Adams Coburn Burial Lot Fund in Old Cemetery
100.00
Adams Coburn Burial Lot Fund in Old Cemetery, interest bal- ance available 2.16
Martha D. Wilson Burial Lot Fund
200.00
J. Walter Curley Burial Lot Fund
50.00
Rev. John M. Currie Burial Lot Fund
50.00
Sylvester Burditt Burial Lot Fund
50.00
$34,347.52
The above trust funds are invested as follows'
United States Liberty Loan 414% Bonds
$10,000.00
Wakefield Savings Bank
8,120.68
Blackstone Savings Bank
608.23
Cambridge Savings Bank
4,461.71
Malden Savings Bank
5,500.00
Charlestown Five Cents Savings Bank
5,656.90
$34,347.52
Full detail as to the nature of these funds, their incomes and detailed expenditures will be found in the Town Accountant's report.
124
TOWN OF WAKEFIELD
LOAN ACCOUNT
The following sums have been borrowed on Temporary Notes in an- ticipation of revenue during the year:
$200,000.00 at 3.665 per cent discount
75,000.00 at 4.25 per cent discount
50,000.00 at 4.635 per cent discount
75,000.00 at 4.71 per cent discount
50,000.00 at 4.735 per cent discount
50,000.00 at 5.00 per cent discount
$500,000.00
Of this amount $325,000.00 has been paid leaving a balance due in 1929 of $175,000.00 in anticipation of revenue.
PERMANENT DEBT
Permanent debt Jan. 1, 1928
$1,492,500.00
Paid during 1928 130,000.00
$1,362,500.00
The permanent debt has decreased $130,000.00 during the year 1928.
MATURITIES OF TOWN DEBT
Maturing in 1929
$125,000.00
1930
114,500.00
1931
115,000.00
1932
114,000.00
1933
106,000.00
1934
96,500.00
1935
92,500.00
1936
88,500.00
1937
86,500.00
1938
83,500.00
1939
83,500.00
1940
72,000.00
1941
61,000.00
1942
45,500.00
1943
28,500.00
1944
14,000.00
1945
11,000.00
1946
10,000.00
1947
10,000.00
1948
2,000.00
1949
2,000.00
1950
1,000.00
$1,362,500.00
125
REPORT OF TOWN TREASURER
The debt is chargeable to the following:
Water Department
$282,000.00
Light Department
163,500.00
Metropolitan Sewer
119,000.00
Local Sewers
202,000.00
School Buildings . . .
588,000.00
Highway
8,000.00
$1,362,500.00
CASH ACCOUNT
On the following pages will be found the Treasurer's Cash Account.
126
TOWN OF WAKEFIELD
Dr. Arthur H. Boardman, Treasurer
To balance from last report, cash $119,227.89
Borrowed on Temporary Notes 500,000.00
Charles F. Hartshorne & Son fire loss in 1927 on Franklin School 235.00
Charles F. Hartshorne & Son fire loss in 1927 dwelling on Broadway of Water Department 40.00 Cemetery, receipts 376.00
Collector of Taxes, receipts-
Moth Assessments
3,092.14
Sidewalks
5,155.54
Tax Certifications 39.00
Taxes and Interest
760,026.07
Commonwealth of Massachusetts
Burial of Indigent Soldiers and Sailors
60.00
Contagious Diseases 110.00
Corporation Tax,
Business
21,789.68
Public Service
3,939.33
Department of Education, English Speaking Classes
566.50
Department of Public Works, Division of Highways
2,948.71
Income Tax
83,150.80
Military Aid
150.00
National Bank Tax
1,022.09
Pedlers Licenses
105.00
Veterans' Exemption
142.35
State Aid
870.00
Street Railway Tax
1,068.49
Temporary Aid
2,675.00
Trust Company Tax, Sec. 1, Chap. 343, Acts 1925
2,698.90
Tuition of Children
2,109.22
Vocational Education aid to Independent Industrial
Schools
991.83
Vocational Education Training-Smith Hughes Act
149.88
Court Fines
3,310.00
Fire Department, receipts
73.15
Health Department, receipts
1,624.25
Highway Department, receipts
6.25
Library, Receipts
849.82
Carried Forward
$1,518,602.89
REPORT OF TOWN TREASURER
127
In Account with Town of Wakefield
Cr.
By cash paid, Discount on Temporary Notes cash paid, Selectmen's Warrants 1,831,007.27
$11,106.05
cash credit, Account Court Expenses
107.50
cash credit, offset State Credits
68,767.03
cash credit, Tax Collector for Tax Title Deeds
378.94
Total payments Cash in Treasury
$1,911,366.79 102,225.84
Carried forward
$2,013,592.63
128
TOWN OF WAKEFIELD
Dr.
To Arthur H. Boardman, Treasurer
Brought Forward
$1,518,602.89
Middlesex County,
Division of Highways
2,896.21
Dog Tax, 1927
1,717.30
House of Correction, fines, etc
49.00
Moth Department, receipts
52.48
Municipal Light Plant, receipts
327,104.30
Police Department, receipts
8.50
Poor Department, receipts
10,348.09
Commonwealth of Massachusetts, Aiding mothers
815.04
Redemption Tax Title Deeds and Interest on same
205.30
Refunds-
Highway Department from Boston & Maine R. R.
45.00
Highway Department from David T. Barry 2.75
Lucius Beebe Memorial Library, cash advanced
50.00
Municipal Light Plant from Commonwealth of Mass.
136.14
Police Department from Jerry J. Peck
6.45
Police Department from Louis Smith
14.85
Poor Department from City of Lawrence
638.00
River Street Bridge from Commonwealth of Mass.
.76
Sewer Department from Fairbanks Morse Co.
70.00
School Department, cash advanced
50.00
Soldiers' Relief
10.00
Water Department, Construction account from United States Fidelity and Guaranty Company for damage to hy drant 108.16
Water Department, cash advanced
25.00
Western Avenue Bridge from Commonwealth of Mass.
4.47
school Department, receipts
14,577.98
Sealer of Weights and Measures, receipts
230.43
Selectmen's receipts-Various licenses
1,020.75
Sewer receipts
20,833.83
Sewer receipts, connections
5,054.25
Surplus War Bonus Funds, Interest on deposit
371.39
Taxes, Andrew Nelson, years 1921-1927
91.75
Teachers' Retirement Fund Assessments
8,683.63
The Employers' Liability Assurance Corporation, damage to Town Ambulance 23.50
Town Hall, Receipts
391.00
Trust Funds, receipts
1,259.21
United States Fidelity and Guaranty Co., settlement of dam- age to Poor Department truck
300.00
Carried Forward
$1,915,798.41
REPORT OF TOWN TREASURER
129
In Account with Town of Wakefield
Cr.
Brought Forward
$2,013,592.63
$2,013,592.63
130
TOWN OF WAKEFIELD
Dr.
To Arthur H. Boardman, Treasurer
Brought Forward
$1,915,798.41
Wakefield Trust Co .-
Interest on Collector's balance
109.23
Interest on Treasurer's balance
1,821.24
Three-fourths of the income from the Junius Beebe Trust for the Lucius Beebe Memorial Library 1,186.43
Ninety per cent of the income from Marcus Beebe Trust 649.62
Ninety per cent of the income from Decius Beebe Trust 329.95
Ninety per cent of the income from Frederick Beebe Trust 337.72
Ninety per cent of the income from Alice Beebe Carpen- ter Trust 42.74
Ninety per cent of the income from Charles S. Beebe Trust 51.30
Ninety per cent of the income from George (). Carpen- ter Trust 49.16
Water Department, receipts
90,546.30
Water Department, house rents
240.00
Water Department, Water Construction Account
972.96
Water Department, Water Connections
1,000.00
Water Department, Water Maintenance Account
457.57
$2,013,592.63
REPORT OF TOWN TREASURER
131
In Account with Town of Wakefield Brought Forward
Cr.
$2,013,592.63
$2,013,592.63
132
TOWN OF WAKEFIELD
FINAL STATEMENT
During the year 1929, the following time loans will fall due and are to be included in the tax levy of 1929.
High School
$22,500.00 1,000.00
Montrose School
Woodville School
3,500.00
Greenwood School
11,000.00
Franklin School
9,000.00
Metropolitan Sewer
7,000.00
Extension of Sewer
18,000.00
Highway
5,000.00
Water Loan
$12,000.00
Extension Water Mains Loan
4,000.00
Water Loan, Acts of 1922
6,000.00
Water Departmental Equipment Loan
3,000.00
Water Loan
9,000.00
All included in Water Dept. appropriation
Light Plant (paid from receipts of plant)
$34,000.00
14,000.00
$125,000.00
$77.000.00
133
REPORT OF TOWN TREASURER
There will also be required the following smounts to meet our interest payments.
High School $12,731.25 405.00
Montrose School
Woodville School
1,428.75
Franklin School
3,760.00
Greenwood School
5,884.38
Metropolitan Sewer
4,165.00
Extension of Sewer
7,858.75
Highway
228.75
Temporary Loans (estimated)
13,538.12
$50,000.00
Water Loans (included in Water Department Ap- propriation)
$7,937.50
Extension of Water Mains (included in Water De- partment Appropriation) 560.00
Water Loan Acts of 1922 (included in Water De- partment Appropriation) 2,037.50
Water Departmental Equipment (included in Wa-
ter Department Appropriation) 360.00
$10,895.00
Light Plant (paid from receipts of plant)
$6,622.50
$67,517.50
The borrowing capacity of the Town, on temporary notes in anticipa- tion of 1928 revenue was $879,088,82, as determined by the State Director of Accounts. Of this amount the Town borrowed the sum of $500,000.00 and of this latter amount $325,000.00 has been paid, leaving, $175,000.00 to be paid in 1929.
1 Respectfully submitted,
ARTHUR H. BOARDMAN,
Treasurer.
134
TOWN OF WAKEFIELD
Report of Chief of Fire Department
To the Honorable Board of Selectmen.
Gentlemen:
I herewith submit my Annual Report of the Fire Department for the year ending December 31, 1928, with the total alarms together with their losses on same as near as possible to obtain.
Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.