USA > Massachusetts > Middlesex County > Wakefield > Town annual report of the officers of Wakefield Massachusetts : including the vital statistics for the year 1948 > Part 13
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50.00
Isaac W. Vidito Perp. Care Fund
30.00
Joseph Vieria Perp. Care Fund
10.00
Lillian V. Waite Perp. Care Fund
10.00
Elizabeth Walsh Perp. Care Fund
50.00
Maurice F. and Agnes T. Walsh Perp. Care Fund
50.00
Michael J. Walsh Perp. Care Fund
50.00
William J. Walsh Perp. Care Fund
50.00
Margaret Ward Perp. Care Fund
50.00
Robert Warner Perp. Care Fund Alice Warren Perp. Care Fund
10.00
Francis V. Wade Perp. Care Fund
120.00
Albert C. and Edith Waterman Perp. Care Fund
50.00
Mrs. Annie S. Wenlinski Perp. Care Fund 40.00
Leon West Perp. Care Fund 40.00
30.00
Edith M. Wheeler Perp. Care Fund
15.00
Katherine Whipling Perp. Care Fund
30.00
Harry W. White Perp. Care Fund
100.00
Herbert White Perp. Care Fund
100.00
Lillian White Perp. Care Fund
20.00
Arthur Weston Perp. Care Fund
80.00
REPORT OF TOWN TREASURER 183
Principal of Fund
Income Available
Mrs. Mary J. White Perp. Care Fund Mrs. Sally White Perp. Care Fund
80.00
10.00
Mr. and Mrs. Walter E. White Perp. Care Fund
50.00
Richard Whittington Perp. Care Fund
10.00
Richard Whittington Perp. Care Fund
10.00
Mary E. Whynot Perp. Care Fund
20.00
P. M. Wilkinson Perp. Care Fund
50.00
Gertrude Willson Perp. Care Fund
15.00
Charles W. Wilson Perp. Care Fund
15.00
Martha D. Wilson Perp. Care Fund
200.00
Stanislaw Wojtylo Perp. Care Fund
30.00
Ernest B. Wright Perp. Care Fund
30.00
James F. Yorkes Perp. Care Fund
30.00
Duncan A. Young Perp. Care Fund
50.00
Louis H. Young Perp. Care Fund
15.00
Louis H. Young Perp. Care Fund
15.00
Percy Young Perp. Care Fund
50.00
Antonioli Perp. Care Fund
60.00
Harry Boehner and Mildred F. Johnson Perp. Care Fund
120.00
Valentine Chisholm Perp. Care Fund
60.00
Ray D. Claflin Perp. Care Fund
60.00
Ray D. Claflin Perp. Care Fund
60.00
Isabel Collins Perp. Care Fund
60.00
Ernest Day Perp. Care Fund
30.00
Ernest Day Perp. Care Fund
30.00
Decca Lot Perp. Care Fund
60.00
Mrs. Frances Doucette Perp. Care Fund
60.00
Jessie M. Doucette Perp. Care Fund
60.00
Doucette Perp. Care Fund
30.00
Salvador Gesualdo Perp. Care Fund
60.00
Thomas Gleason Perp. Care Fund
90.00
Peter Gore Perp. Care Fund
60.00
Michael Guttadauro Perp. Care Fund
60.00
Habblitz Perp. Care Fund
30.00
William Haley Perp. Care Fund
30.00
Mary A. Hanrahan Perp. Care Fund
60.00
Kardinal, Jenson and Mrs. Elsie Chirone Perp. Care Fund 180.00
Mrs. Frederick Lightbown Perp. Care Fund
30.00
Madeline Malonson Perp. Care Fund
60.00
Florence McPhee Perp. Care Fund
60.00
Mabel Melonson Perp. Care Fund
30.00
Montague Lot Perp. Care Fund 60.00
Justin Moore Perp. Care Fund 30.00
P. E. Murray Perp. Care Fund
30.00
-
-
184
TOWN OF WAKEFIELD
Principal of Fund
Income Available
Delia T. Nash Perp. Care Fund
60.00
Ida O'Donnell Perp. Care Fund
60.00
Frank Parolski Perp. Care Fund
60.00
Clyde Pate Perp. Care Fund
60.00
Annie Pawlowski Perp. Care Fund
60.00
Puglisi Perp. Care Fund
90.00
Marvin Russell Perp. Care Fund
120.00
John Scott Perp. Care Fund
60.00
Catherine Sullivan Perp. Care Fund
120.00
Grace J. Talbot Perp. Care Fund
60.00
Albert M. Walsh Perp. Care Fund
60.00
Blanche Whitney Perp. Care Fund
60.00
Harry Wilkes Perp. Care Fund
60.00
Elliott C. and Carolyn Farwell Perp. Care Fund
50.00
Annie E. Fawcett Perp. Care Fund
50.00
Mildred Fay Perp. Care Fund
10.00
William H. Fayle Perp. Care Fund
75.00
James F. Ferrick Perp. Care Fund
120.00
Peter J. Fillis Perp. Care Fund
40.00
Sarah Finneran Perp. Care Fund
50.00
Frank Fisher Perp. Care Fund
80.00
Frank Fisher Perp. Care Fund
80.00
James Fitzpatrick Perp. Care Fund
50.00
Mrs. John F. Fitzgerald Perp. Care Fund
120.00
Ralph S. Flannigan Perp. Care Fund
50.00
Blanche V. Flynn Perp. Care Fund
120.00
Daniel Flynn Perp. Care Fund
50.00
Elizabeth Foley Perp. Care Fund
30.00
Emily I. Foley Perp. Care Fund
80.00
Francis E. Foley Perp. Care Fund
60.00
Foley Perp. Care Fund
30.00
Gertrude K. Forrest Perp. Care Fund
50.00
Benjamin D. Foss Perp. Care Fund
50.00
Mrs. Agnes J. Fox Perp. Care Fund
60.00
William D. Fox Perp. Care Fund
10.00
Peter Froten Perp. Care Fund
20.00
$ 79,231.33
$ 2,539.67
INVESTMENT FUNDS
United States War Bonds 21/2% Series G
$ 88,000.00
LOAN ACCOUNT
During the year no money was borrowed on Temporary Notes in anticipation of revenue.
REPORT OF TOWN TREASURER
185
PERMANENT DEBT
Permanent Debt January 1, 1948
$417,500.00
New Issue School Loan
240,000.00
New Issue Street Construction Loan
49,000.00
New Issue Water Loan
75,000.00
New Issue Sewer Loan
118,000.00
$899,500.00
Paid during 1948
49,500.00
$850,000.00
The debt is chargeable as follows:
School Department
$240,000.00
Streets
121,000.00
Water Department
163,000.00
Sewer Department
242,000.00
Highway Dept. Building and Police Station Land
84,000.00
$850,000.00
CASH ACCOUNT
Dr.
John I. Preston, Treasurer
To Balance from Last Report-Cash
$879,254.35
Blue Cross Deductions
6,420.03
Board of Appeal Receipts
395.80
Building Inspector's Receipts
1,099.40
Cemetery Department Receipts:
Sale of Lots
2,087.00
Perpetual Care
2,465.00
Miscellaneous
1,734.13
Collector of Taxes Receipts:
Committed Interest
1,484.54
Costs
802.70
Excise Tax
57,119.27
Moth Assessments
1,182.50
Sidewalk and Street Betterments
6,233.43
Taxes and Interest
965,513.43
Tax Certificates
294.00
Commonwealth of Massachusetts:
Tuition and Transportation
2,080.06
Corporation Tax
72,094.52
Meal Tax
5,564.44
Income Tax
96,506.07
Old Age Assistance
91,410.66
186
TOWN OF WAKEFIELD
Highways
11,521.81
Commissioner of Veterans' Services
10,561.17
Director of Standards
44.00
Aid to Dependent Children Administration
300.01
Aid to Dependent Children
8,466.94
Vocational Education
1,056.38
Temporary Aid and Transportation
719.41
Subsidies Cities and Towns
57.15
Trade School
26.15
Court Fines-Malden
861.18
Federal Tax Deductions
74,362.40
Fire Department Receipts
15.35
Health Department Receipts
742.50
Health Department, Cash Advanced
25.00
Highway Department Receipts
444.85
Insurance Received-Highway
18.50
Interest on Post War Funds
3,490.00
Library Receipts
1,207.08
Library-Cash Advanced
50.00
Middlesex County:
Highway Maintenance
6,000.55
Dog Licenses
2,036.09
Municipal Light Department Receipts
568,781.54
Moth Department Receipts
269.00
Park Department Receipts
403.00
Police Department Receipts
388.70
Police Department-Cash Advanced
50.00
Public Welfare Department Receipts
2,217.50
Public Welfare Department Old Age Assistance
2,988.05
Public Welfare Department Infirmary Receipts
1,225.00
Public Welfare Department-Cash Advanced
25.00
Redemption Tax Title Deeds
326.98
Redemption Tax Title Deeds Interest
141.48
Redemption Tax Title Deeds Releases
12.00
Redemption Tax Title Deeds Land Court Costs
30.00
Sale of Tax Title Land
50.00
Refunds :
Soldiers' Benefits
484.56
Land Court
4.75
Old Age Assistance
1,061.80
Highway Department
1.00
Welfare Department
148.85
Interest Account
.09
Police Department
25.00
Park Department
31.60
Fire and Liability Insurance
9.72
REPORT OF TOWN TREASURER
187
Sale of Bonds
462,000.00
Premium on Bonds
1,626.66
Accrued Interest on Bonds
247.85
Sale of Post War Bonds
12,000.00
Accrued Interest on Post War Bonds
20.53
Sale of Water Department Notes
20,000.00
Sale of Highway Reimbursement Note
17,000.00
School Department Receipts
30,394.12
School Department-Cash Advanced
50.00
School Teachers' Retirement Deductions
14,995.68
Sealer of Weights and Measures
128.40
Selectmen's Department:
Rent of Property
1,005.00
Sale of House
2,550.00
Rent of Lafayette Hall
461.04
Commission Town Hall Telephone
188.01
Rent of Town Hall
138.00
Various Licenses
4,849.60
Sewer Department Receipts
9,638.60
Sewer Connections Deposit
13,123.29
Sewer Maintenance Receipts
38.87
Sewer Entrance Fee
215.00
Town Clerk's Receipts
5,143.26
Trust Funds Receipts
1,560.46
United States Grant-Aid to Dependent Children
7,505.43
United States Grant-Old Age Assistance
90,017.12
Wakefield Trust Company:
Income from Willard Donnell Trust for use of Welfare Department
314.13
For Lucius Beebe Memorial Library:
Junius Beebe Trust
795.88
Decius Beebe Trust
553.13
Marcus Beebe Trust
547.42
Frederick Beebe Trust
157.24
Alice Beebe Carpenter Trust
112.77
Charles S. Beebe Trust
22.91
George O. Carpenter Trust
22.70
Sylenda B. Stearns Trust
46.55
Eleanor H. Beebe Trust
176.67
Katherine E. Beebe Trust
113.20
John H. Beebe Trust
54.31
Junius Oliver Beebe Trust
120.24
Water Department Receipts
122,992.24
Water Department Maintenance
137.75
Water Department Construction
1,592.55
Water Department-Cash Advanced
25.00
$ 3,717,105.08
188
TOWN OF WAKEFIELD
In account with Town of Wakefield By cash paid Selectmen's Warrants cash paid Offset State Credits
Cr. $ 2,771,431.28 45,766.65
Cash in Treasury
899,907.15
$ 3,717,105.08
FINAL STATEMENT
During the year 1949 the following loans will fall due and are to be included in the tax levy for 1949:
School Loan
$ 15,000.00
Sewer Loans
28,000.00
Street
18,000.00
Highway Dept. Building and Police Station Land
6,000.00
$ 67,000.00
Water Loans (included in Water Dept. Appropriation)
25,000.00
$ 92,000.00
There will also be required the following amounts to meet the in- terest payments:
School Loan
$ 4,068.75
Sewer Loan
3,235.00
Streets
1,737.50
Highway Dept. Building and Police Station Land
1,012.50
Temporary Notes (estimated)
2,000.00
$ 12,053.75
Water Loans (included in Water Dept. Appropriation)
2,107.50
$ 14,161.25
Respectfully submitted, JOHN I. PRESTON,
Treasurer
$ 2,817,197.93
189
REPORT OF TOWN TREASURER
Report of Recreation Commission
The playground areas used this past season were the Common, Hart's Hill, Moulton, Nasella, Maple Way, Montrose, Walton Field and Veterans' Field. The Lafayette Building was used for folk dancing and pageantry on rainy days. The High School Auditorium and the Greenwood Union Church Hall were used for educational movie programs.
The staff consisted of a supervisor, an assistant supervisor, who was a specialist in folk dancing and pageantry, a handicraft specialist, five men assistants, and six women assistants.
Our handicraft supervisor visited the various playgrounds at least once a week laying out work so that the instructors on the grounds could carry on this work during the week. A varied program was enjoyed by ap- proximately 300 different boys and girls. Articles made were: soap carv- ings, leather wallets, felt pocketbooks, pot holders, handkerchief holders, paper place mats, stuffed animals, bracelets, belts, decorated bottles and boxes, and finger paintings.
About 400 boys made up the baseball teams. There were three leagues, the Pee Wees, under 12 years of age; the Juniors, under 14 years of age; and the Seniors, under 16 years of age. These teams played a daily schedule with championship play-offs the last week of the season.
A story-telling hour was an important part of the daily program. At no set time, but whenever the tots appeared tired of playing, an experi- enced story-teller on each playground would entertain them with appro- priate stories.
Educational movies for boys and girls under twelve years of age were held one day a week up-town at the High School Auditorium with an average attendance of 900. In the afternoon the same program was repeated at Greenwood Union Church Hall with an attendance of 300. The programs consisted of animal pictures, cartoons, and singing reels for the younger children. The older boys and girls enjoyed mostly sports and travel pictures.
Special contests were held weekly on all the playgrounds. These con- tests were: Athletic days, amateur shows, peanut hunts, doll carriage and tricycle parades, checker contests, horseshoe contests, most contests, and picnic lunches. Many parents attended on these special days.
The girls liked best to play softball, dodge ball, kickball, circle games, volley ball, and croquet. Folk dancing classes were also very important with the younger girls.
Demonstration Day is always the highlight of the summer. It was held during the last week. At the Common in the afternoon of this day the finals in the baseball leagues, softball league, horseshoes, volley ball and dodge ball are held and champions determined. Demonstration Day was continued at night at Veterans' Field under lights where pageantry and folk dancing classes put on an exhibition of their season's work. It
190
TOWN OF WAKEFIELD
was featured by a sketch entitled "Country Style" by the folk dancing group.
The handicraft prize exhibits were also on display that night. A double-header by the adult softball teams made a full day of the activi- ties program.
At least 3,000 witnessed the Demonstration Day program.
Our Track and Field Championships held annually were held at Wal- ton Field. Many old records were broken as the 500 boys and girls sailed through the 44 events run in four classes for boys according to age, and three classes for girls according to age. Prizes were awarded to the first four in each event.
There have been no serious accidents this past year and every play area had a first-aid kit.
The total attendance daily was approximately 1,100 boys and girls.
It is hoped that the requisition for three new slides will be granted by the town this year. A playground is hardly a playground without a slide for the little tots. Hart's Hill, Moulton, and Nasella are now with- out slides.
LEO V. WALSH, Chairman
DR. PHILIP J. MCAULIFFE, Treasurer MARJORIE J. COOK, Secretary ANNA M. MCINTIRE MARY LAZZARO HOMER M. SHELLENBERGER
MICHAEL J. ZAMMITTI
Recreation Commission
191
REPORT OF CONTRIBUTORY RETIREMENT FUND
Report of Contributory Retirement Board
January 1, 1949
To the Honorable Board of Selectmen Wakefield, Mass.
Gentlemen:
The Contributory Retirement Board submits the following report for the year ending December 31, 1948.
The total membership ending December 31, 1947 was 186 active mem- bers and 9 inactive members with 44 members on the Pension Roll, with a total membership of 239 as of January 1, 1948. During the year 1948 there were added to the membership roll the number of 21 new members, and 14 former members have left the employ of the Town of Wakefield, who on resignation requested their return of pay-roll deductions. One active member of the Fire Department passed away and refund of his pay-roll deductions with interest was paid to his beneficiary.
With reference to the Retired members three have passed away, two members formerly of the Fire Department and one member formerly with the Municipal Light Department. There has been added to the Pension Roll one member in the Water and Sewer Department who also was active as Call Fireman in the Fire Department who had many years of service in both departments, also another member who had long service in the Fire Department as Call Fireman.
The total active members as of December 31, 1948 now enrolled are 195 members and 4 inactive members with 43 members on retirement who are on the Pension List which brings the total membership to 242 mem- bers as of January 1, 1949.
Presented below covers the Statement of the Financial conditions of the year ending December 31, 1948.
1948 RECEIPTS
Balance January 1, 1948
$165,168.33
Contributions of Members
$ 22,566.56
Investment Income
4,388.67
Town Appropriations 1948
Pension Fund
43,155.73
Expense Fund
1,170.00
Special Military Service Fund
164.28
$ 71,445.24
$236,613.57
192
TOWN OF WAKEFIELD
1948 EXPENDITURES
Annuities Paid
$ 2,180.37
Pensions Paid
37,897.43
Refund of Deductions to members
3,159.84
Administrative Expense
1,090.03
$ 44,327.67
Balance January 1, 1949
$192,285.90
ASSETS
United States Savings Bonds, Series G
$ 70,000.00
First National Bank of Boston, Bank Stock
3,900.00
The National Shawmut Bank of Boston, Bank Stock
2,287.50
Wakefield Trust Company, balance checking account
17,301.83
Wakefield Savings Bank, deposits
5,006.67
Melrose Savings Bank, deposits
5,008.33
Malden Savings Bank, deposits
10,066.67
20 Co-operative Banks, 40 Serial Shares each
78,714.90
$192,285.90
LIABILITIES
Pension Fund
$ 31,320.22
Annuity Savings Fund
135,053.46
Annuity Reserve Fund
20,584.69
Expense Fund
355.30
Special Military Service Fund
4,972.23
$192,285.90
Respectfully submitted, ROLAND B. OLIVER, Chairman CHARLES C. COX, Secretary MATTHEW P. CURRAN
193
REPORT OF MUNICIPAL LIGHT BOARD
Report of the Municipal Light Board
-
January 3, 1949
To the Citizens of the Town of Wakefield:
We submit for your consideration the fifty-fifth annual report of the Municipal Light Board, covering the year ending December 31, 1948.
The net profit of the Department was $61,343.63 which is an increase of $7,381.71 over 1947. This is due to a 5% increase in the K. W. H.'s of electricity and 13% increase in cubic feet of gas sold.
The balance of the Operating Fund was $55,709.27 which is an in- crease of $12,434.35 over last year.
The sum of $35,000.00 was paid to the Town to be used in determin- ing the tax rate in 1948. The Department has paid the Town the sum of $430,611.80 out of its profits during the years 1933 to 1948.
We are asking for an appropriation of $25,000.00 to cover the cost of street lighting for 1949.
This Board has inserted an article in Warrant to be acted upon dur- ing the annual Town Meeting, seeking permission of the voters to erect on North Avenue a building to replace the present structures on that site and to be paid for out of the Department's depreciation fund. The esti- mated cost of the proposed building is approximately $200,000.00.
All of the present buildings, except the one in which water gas was made, are considerably over 50 years old and probably some part of the main building was built about 1865.
They are inadequate for our present and future needs for storage of trucks and the efficient storage and handling of materials.
The manager's report, including financial statements for the year, are included in this report.
Respectfully submitted, MARCUS BEEBE, 2nd, Chairman AUBREY T. QUINLAN, Secretary THEODORE EATON
To the Board of Light Commissioners:
Gentlemen:
The following condensed Profit and Loss Statement shows the finan- cial operations of the Department for the year ending December 31, 1948 and the changes from the previous year.
Sales of Gas and Electricity
$567,526.37 Increase $ 67,481.78
Cost of Gas and Electricity
305,814.94
Increase 46,499.28
Gross Revenue
261,711.43
Increase 20,982.50
194
TOWN OF WAKEFIELD
Operating Expense
201,275.93
Increase
14,347.73
Operating Revenue
60,435.50
Increase
6,634.77
Other Revenue
2,750.28
Increase
1,009.96
Gross Income
63,185.78
Increase
7,644.73
Other Expense
1,839.15
Increase
263.02
Net Income
61,346.63
Increase
7,381.71
Paid to Town in lieu of Taxes
35,000.00
Net after payment to the Town
$ 26,346.63
$ 7,381.71
During 1948 the Electric Department installed:
17,200 feet of primary wire
51,700 feet of secondary and service wire
6,300 feet of underground cable
158 new services
18 new street lights
93 new poles
and the Gas Department:
2,500 feet of gas mains 5,600 feet of service pipe 121 new services
These installations have been made to serve new developments and many new houses in various parts of the town.
The larger developments that have been served in part are: Paon Boulevard and Foster's Lane A and B Streets off Vernon Street
Lowell and Vernon Street-Deacon Brown project
Juniper Avenue Elm Crest Road off Elm Street
It is expected that many more homes will be built in these develop- ments during the coming year.
Underground cables were installed in Water Street from the Substa- tion to Water and Melvin Streets. These cables are feeders for the cir- cuit to Montrose and the section south from Water Street. The work of changing this circuit to three phase will be completed shortly and believe it will give more capacity to these sections.
Steel pipe for gas mains and services has been very hard to find. Orders for 3", 4", 6" pipe were placed in Spring and we only received about 500' of the 3" pipe. We were fortunate in being able to get enough service pipe to keep up with the demand. According to reports, this class of material will be scarce during 1949.
Deliveries on wire, line hardware and small transformers have im- proved but deliveries on large electrical equipment such as the 4,000 KVA
REPORT OF MUNICIPAL LIGHT BOARD
195
outdoor substation ordered in June 1947 have not improved. This unit was scheduled for December 1948 delivery and it probably will not arrive until April or May of this year.
The installation of this unit will involve considerable work in con- structing foundations, manholes, ducts and cable work before it can be put into service.
The need for greater capacity at the Substation and in the distribu- tion lines is shown by the following table indicating the output of the station.
Maximum Load
Sales in
Number of
on Station
K.W. Hrs ..
Meters in Use
1928
1575 K.W.
3,623,400
4293
1938
2225 K.W.
6,295,100
4651
1948
4200 K.W.
12,916,100
5822
The output of gas during the same periods has not increased at the same rate as the electrical output.
Sales of Gas
Number of
in Cubic Feet
Meters in Use
1928
82,853,000
3606
1938
74,707,000
3712
1948
109,828,000
4500
The new gas rates which were put into effect May 1, 1948 were neces- sary because of the increase in the cost of gas to the Department and because of the increase in our operating expenses.
The Fire Alarm and Police signal systems have been operating satis- factorily except for some trouble with the mutual aid to Melrose. The trouble has been located and corrected. A 16 conductor cable was in- stalled between Summer Street and the Greenwood Bridge, replacing one that had been in use for twenty or more years.
We received ten new Fire Alarm and two Police Boxes for replace- ments, none of which have been put into use. These boxes will be in- stalled this year.
The traffic light control box at Main and Oak Streets will be replaced with one having a "walk" interval, so that pedestrians will have an oppor- tunity to cross the street with greater safety.
Financial statements for the year follow:
MUNICIPAL LIGHT DEPARTMENT BALANCE SHEET as of December 31, 1948 ASSETS
PLANT INVESTMENTS
Gas Department (Schedule A)
$298,872.38
Electric Department (Schedule (B)
231,103.01
General Equipment (Schedule C)
21,825.71
Office Building
21,108.30
$572,909.40
Total
.
196
TOWN OF WAKEFIELD
CURRENT ASSETS
Operation Fund Depreciation Fund
$ 55,709.27 365,814.89
Office Fund
100.00
Change Fund
300.00
Special Deposits
37,367.55
Accounts Receivable
33,870.70
Materials and Supplies
33,684.16
Total
$526,846.57
Prepaid Insurance
$ 3,377.63
Deferred charges
425.00
Total
$
3,802.63
Total Assets
$ 1,103,558.60
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Consumers Deposits
$ 37,367.55
Interest on Consumers Deposits
1,483.83
Total
$ 38,851.38
APPROPRIATED SURPLUS
Loans Repayment
$473,300.00
Appropriation of Construction Repayment
511,632.86
Total SURPLUS (Schedule D)
$524,932.86
539,774.36
Total Liabilities and Capital
$ 1,103,558.60
STATEMENT OF INCOME AND EXPENSE Year Ending December 31, 1948 GAS DEPARTMENT
INCOME FROM THE SALE OF GAS
Residence
$156,908.20
Commercial
22,044.88
Prepay
1,216.38
Municipal
1,154.50
Minimum Bills
96.33
Total
$181,420.29
REPORT OF MUNICIPAL LIGHT BOARD
197
DEDUCT OPERATING EXPENSE
Gas Purchased
$106,489.61
Distribution
30,256.12
Commercial
7,613.16
New Business
191.14
General
8,964.13
Depreciation
15,454.69
Total
$168,968.85
OPERATING INCOME
$ 12,451.44
ADD-OTHER INCOME
Jobbing
$ 25.85
Interest on Bank Balances
180.00
Income from Rents
630.00
Total
$ 835.85
GROSS INCOME
$ 13,287.29
DEDUCT-OTHER EXPENSE
Interest on Consumers Deposits
$ 417.62
Bad Debts
195.05
Total
$ 612.67
NET INCOME TO SURPLUS (Schedule D)
$ 12,674.62
ELECTRIC DEPARTMENT
INCOME FROM THE SALE OF ELECTRICITY
Residence
$198,033.02
Commercial
82,169.53
Power
63,690.86
Municipal Lighting
3,615.50
Municipal Power
14,112.40
Street Lighting
24,000.00
Minimum Bills
249.33
Other
235.44
Total
$386,106.08
DEDUCT-OPERATING EXPENSE
Electricity Purchased Distribution Utilization
$199,325.33
52,949.80
8,314.74
198
TOWN OF WAKEFIELD
Commercial New Business General Depreciation
17,832.95
280.37
17,597.60
41,821.23
Total
$338,122.02
OPERATING INCOME
$ 47,984.06
ADD-OTHER INCOME
Jobbing
$ 24.43
Income from Rents
1,470.00
Interest on Bank Balances
420.00
Total
$ 1,914.43
GROSS INCOME
$ 49,898.49
DEDUCT-OTHER EXPENSE
Interest on Consumers Deposits
$ 974.46
Bad Debts
252.02
Total
$ 1,226.48
NET INCOME TO SURPLUS (Schedule D)
$ 48,672.01
PLANT INVESTMENT GAS DEPARTMENT - SCHEDULE A
Land
$ 6,604.47
Structures
16,410.27
Boiler Plant
1,836.21
Miscellaneous Power Plant Equipment
1,137.25
Street Mains
197,809.25
Services
37,668.45
Consumers Meters
28,878.01
Consumers Meter Installations
8,528.47
Total
$298,872.38
ELECTRIC DEPARTMENT - SCHEDULE B
Land
$ 213.57
Structures
1,060.20
Substation Equipment
7,757.44
Poles, Fixtures and Overhead Construction
55,954.26
Underground Conduits
55,144.67
Underground Conductors
44,333.72
Consumers Meters
13,520.57
REPORT OF MUNICIPAL LIGHT BOARD
199
Consumers Meter Installations
4,703.16
Line Transformers
25,255.74
Transformer Installations
5,448.73
Street Lighting Equipment
17,710.95
Total
$231,103.01
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