USA > Massachusetts > Middlesex County > Wakefield > Town annual report of the officers of Wakefield Massachusetts : including the vital statistics for the year 1948 > Part 19
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Water Mains-Various Streets 1947
B. 130.45
130.45
Water Mains-Various Streets 1948
65,000.00
36,233.55
28,766.45
Water Mains-Forrester Road-Drury Lane
B. 6,661.41
6,661.41
Water & Sewer Dept .- Power Shovel
20,000.00
18,566.06
1,433.94
$ 85,000.00
$109,667.82
$ 6,791.86
$164,329.08
$ 37,130.60
INTEREST AND MATURING DEBT:
Interest
W.
$ 6,891.25
A. $ 09
$ 6,785.00
$ 354.19
Maturing Debt
30,387.00
30,387.00
$ 37,278.25
$ 247.94
$ 37,172.00
$ 354.19
RESERVE FUND:
O.
$ 12,000.00
$ 7,638.23
$ 4,361.77
Grand Totals
$482,000.00
$1,487,284.45
$390,361.74
$2,082,714.82
$276,931.37
284
TOWN OF WAKEFIELD
I. $ 247.85
A-Refunds
B-Balances from Prior Years
D-Dog Licenses
F-From Federal Government
G-From Sale of Graves and Lots-$1,750.00
I-Accrued Interest on Bonds Sold
L-Loans-Anticipation Highway Reimbursement
O-From Overlay Surplus-$5,500.00
P-Appropriated from Post War Fund-$25,000.00
R-From Reserve Fund
T-Income from Trust Funds
W-Appropriated from E. & D. (Surplus)
$ 500.00
6,600.00
3,000.00
2,500.00
5,025.00
1,100.00
2,300.00
1,500.94
$ 22,525.94
REPORT OF TOWN ACCOUNTANT
285
TOWN OF WAKEFIELD
BALANCE SHEET - DECEMBER 31, 1948
ASSETS
LIABILITIES
Revenue Cash Non Revenue Cash
$699,979.53 199,927.62
Overpayment on Tax Titles
$ 90.00 Temporary Loans-Highway Reimbursements 17,000.00
Premiums on Notes and Bonds 766.55
Real Estate Taxes 1947
$ 6,427.08
Real Estate Tax 1948
50,853.04
Perpetual Care Fund Income
73.84
Personal Property Taxes 1948
1,642.40
Income on Post-War Rehabilitation Fund
2,908.93
$ 58,922.52
Excise Tax Revenue
Poll Tax 1947
$
16.00
Overlay 1947
Poll Tax 1948
24.00
Overlay 1948
$ 40.00
$ 12,198.10
Excise Tax 1948
$ 3,475.05
Departmental Revenue
$ 16,022.87
Betterment Assessments 1947
$
48.24
Special Assessment Revenue 34,589.55
Betterment Assessments 1948
214.32
$ 262.56
Sewer Assessments 1947
$ 48.53
Sewer Assessments 1948
608.84
$ 657.37
Moth Assessments 1947
$
13.50
Moth Assessments 1948
79.50
$ 93.00
Sewer Assessments Not Apportioned
$ 33,479.12
Committed Interest 1947
$ 15.44
Committed Interest 1948
82.06
$ 97.50
286
TOWN
OF
WAKEFIELD
$ 6,443.08 5,755.02
3,475.05
$899,907.15
Sewer Connection Deposits 1,610.85
Tax Collector-Petty Cash
Light Department-Petty Cash
$ 100.00 400.00
Tax Titles
80,019.67
Accounts Receivable :
Health Department
$ 5,715.50
Welfare Temporary Aid
2,791.98
Welfare Aid Dependent Children
3,176.59
Welfare Old Age Assistance
1,106.64
School Department 3,202.71
Comm. of Mass. Veterans' Burials
29.45
$ 16,022.87
Municipal Light Revenue
33,870.70
State Aid-Highways
$ 3,750.78
Tax Title Revenue
80,019.67
County Aid-Highways
2,375.41
Water Revenue
1,277.88
$
6,126.19
Overlay Surplus-Reserve Fund
6,200.28
Water Rates
$ 803.51
Excess and Deficiency
223,612.58
Water Services
474.37
Reserve for Petty Cash Advances
500.00
$ 1,277.88
Light Department Bills
$ 33,870.70
Special Cash-Municipal Light Guarantees
$ 37,367.55
Sewer Assessments Apportioned :
Due in 1949
$ 3,910.83
Due in 1950
3,860.68
Due in 1951
3,821.07
Due in 1952
2,431.02
Due in 1953
1,818.59
Due in 1954
1,561.30
Due in 1955
1,541.81
Due in 1956
1,526.05
Due in 1957
936.61
$ 21,407.96
287
.
REPORT
OF TOWN
ACCOUNTANT
Sewer Assessments Apportioned
$ 21,407.96
$ 500.00
Betterment Assessments Apportioned $ 18,335.92
Betterment Assessments Apportioned :
Due in 1949
$ 3,616.96
Due in 1950
3,530.81
Due in 1951
2,593.57
Due in 1952
1,687.17
Due in 1953
1,306.29
Due in 1954
1,253.86
Due in 1955
1,214.06
Due in 1956
1,048.58
Due in 1957
1,043.33
Due in 1958
1,041.29
$ 18,335.92
Tax Title Possessions
$ 1,981.04
Tax Title Possessions Revenue
$ 1,981.04
Sale of Real Estate
11,976.00
Sale of Lots and Graves-Cemetery
2,400.00
Perpetual Care Bequests-Cemetery
125.00
Sale of Lots-Partial Payments
80.00
Perpetual Care Bequests-Partial Payments
65.00
Old Age Assistance Reimbursements
2,925.00
Municipal Light Guarantee Deposits Appropriation Balances:
37,367.55
Town By-Laws-New Publication $ 490.00
Lafayette Bldg .-- Reconditioning Piano 83.50
Police Dept .- New Boat House
2,305.00
New Police Station - Federal
Advance
1,500.00
Greenwood Street Sewer
162.39
Park Avenue-Sewer
2,029.99
Sewerage Survey-Preliminary
3,491.83
288
TOWN OF WAKEFIELD
Highway Construction North Avenue Chapter 90 (Deficit)
$ 1,070.26
Sewerage Survey - Montrose District 21,527.38 38.23
Highway-New Power Shovel
Highway-New Equipment 2,741.00
Highway Construction-Chap. 90 Main Street 8,094.95
New Way - Water Street to
Crescent Street 50.00
New Sidewalks 1948
385.49
Rebuilding and Resurfacing Side- walks 314.66
Davidson Road Construction
4.71
Foster's Lane Construction
6,827.87
Willard Donnell Trust-Welfare
177.94
Aid Dependent Children-Fed- eral Funds 1,680.69
Aid Dependent Children Adm. -Federal Funds
12.31
Old Age Assistance - Federal Funds
6,348.57
Old Age Assistance Adm .- Fed- eral Funds
1,591.93
School Department - Teachers' Desks 193.00
High School Athletic Equip- ment
433.38
Franklin School Auditorium Equipment 50.31
Library Dept.
Expense (Card Catalog) 400.00
REPORT
OF TOWN ACCOUNTANT
289
Under Estimates State and County Charges:
County Tax $ 2,685.46
Smoke Inspection Service 4.71
Charles River Basin 586.08
Metropolitan Parks Loan 1,472.77
Metropolitan Parks Nantasket 87.71
Metropolitan Sewerage North System 3,582.26 $ 8,418.99
Library Dept. Card Catalog 375.00
Library Dept. Oil Burner 1,100.00
Route #28-Committee Expense 100.00
Capital Outlay Expenditures Committee 762.40
$ 63,272.53
Over Estimates State and County Charges : Middlesex County Hospital $ 878.46
Metropolitan Parks Boulevards .01
$ 878.47
Agency and Trust : Federal Tax Deductions
$
6,816.34
Blue Cross Deductions 13.86
$ 6,830.20
Municipal Light Department: Operation Fund $ 55,709.27
Depreciation Fund 365,814.89
$421,524.16
$ 1,023,405.68
Total Revenue Bond Issues-Non Revenue Cash : Water Supply Addition $ 3,063.05
Water Mains Extensions-For- rester Road-Drury Lane 6,661.41 Water Mains Extensions-Vari- ous Streets 28,766.45
290
TOWN OF WAKEFIELD
1948 Indebtedness Account
Outstanding January 1, 1948 Bonds Issued in 1948 Payments 1948 Outstanding December 31, 1948
$417,500.00 482,000.00
$ 49,500.00 850,000.00
$899,500.00
$899,500.00
RECAPITULATION
Sewers
$232,000.00
Highways
121,000.00
Highway Building and Police Station Site
84,000.00
Water
173,000.00
Schools
240,000.00
$850,000.00
Loans Outstanding Dec. 31, 1948
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Due
Sewer Loan 1925
2,000.00
1,000.00
$ 1,000.00
Sewer Loan 1940
8,000.00
5,000.00
3,000.00
Sewer Loan 1946
98,000.00
6,000.00
6,000.00
$ 6,000.00
$ 6,000.00
$ 6,000.00
$ 6,000.00
$ 6,000.00
$ 6,000.00
$ 6,000.00
$ 6,000.00
$ 6,000.00
$ 6,000.00
$ 5,000.00
$ 5,000.00
$ 5,000.00
$ 5,000.00
$ 3,000.00
$ 3,000.00
Sewer Loan 1948
108,000.00
10,000.00
7,000.00
7,000.00
7,000.00
7,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
Street Loan 1948, First Issue
17,000.00
5,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
Highway Building and Police Station Loan
84,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
Water Loan 1942
15,000.00
5,000.00
5,000.00
3,000.00
2,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
2,000.00
1,000.00
Water Mains Loan 1948
65,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
Water and Sewer Loan 1948
20,000.00
4,000.00
4,000.00
4,000.00
4,000.00
4,000.00
$850,000.00
$ 92,000.00 $ 84,000.00
$ 72,000.00 $ 71,000.00
$ 69,000.00
$ 54,000.00
$ 52,000.00 $ 52,000.00 $ 38,000.00
$ 38,000.00
$ 35,000.00 $ 34,000.00 $ 32,000.00 $ 26,000.00 $ 20,000.00
$ 20,000.00
$ 18,000.00
$ 18,000.00
$ 15,000.00
$ 10,000.00
S
1,000.00
1950
195.
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
Sewer Loan 1947
15,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
Street Loan 1947
72,000.00
9,000.00
9,000.00
9,000.00
9,000.00
9,000.00
9,000.00
9,000.00
9,000.00
Street Loan 1948, Second Issue
32,000.00
4,000.00
4,000.00
3,000.00
3,000.00
Hurd School Building Loan 1948
240,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
Water Loan 1946
36,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
2,000.00
Water Mains Relaying Loan 1940
10,000.00
5,000.00
5,000.00
10,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
Water Mains Loan 1947
INDEBTEDNESS ACCOUNT -DUE 1949 TO 1968 INCLUSIVE
Sewer Loan 1924
$ 1,000.00
1949
$
Water Mains Relaying Loan 1939
17,000.00
3,000.00
3,000.00
£
Water and Sewerage Depart- ment-Power Shovel 1,433.94
Sewer Construction :
Orchard Avenue and Other Streets
191.79
Eastern Avenue
3,664.47
Main Street
4,912.21
Morel Circle
1,692.08
Vernon and Lowell Streets
9,563.28
Various Streets 1947
8,762.03
Various Streets 1948
38,117.41
Drainage-Madison Avenue and Bennett Street
27,986.50
New Highway Building
382.11
Highway Construction Public
Ways 1947
3,845.61
Highway Construction Public
Ways 1948, First Issue
3,863.85
Highway Construction Public
Ways 1948, Second Issue
27,940.51
Hurd School Addition
29,080.92
$199,927.62
Grand Total
$ 1,223,333.30
$ 1,223,333.30
SUPPLEMENTARY BALANCE SHEET TRUST AND INVESTMENT FUNDS
Balance December 31, 1948
$219,771.05
Sweetser Lecture Fund
$ 10,000.00
Sweetser Lecture Guarantee Fund
3,277.07
Library Trust Funds
16,389.26
Park Trust Funds
5,474.02
REPORT OF TOWN ACCOUNTANT
291
School and Scholarship Funds Old Cemetery Trust Funds Forest Glade Cemetery Funds 29,040.00 Jonathan Nichols Temperance Fund *Investment Post-War Rehabilitation Fund U. S. War Treasury Bonds 138,000.00
9,374.74
6,542.44
1,673.52
$219,771.05
$219,771.05
* $12,000 U. S. Bonds sold for appropriation for Sewerage Survey Montrose District
RETIREMENT SYSTEM FUNDS -CASH AND SECURITIES
Balance January 1, 1948
$167,380.83 21,951.62
Payments :
Pensions and Annuities $ 40,077.80
Administrative Expense 1,090.03
Received from Town Appropriations: For Pensions $ 43,155.73
Refunds-Members' Deductions
3,159.84
Members Military Service
164.28
Audit Entry Cancel Mark-Up by Auditors in 1947 2,212.50
For Expense Fund 1,170.00
$ 44,490.01
Balance December 31, 1948
193,398.40
Interest and Dividends on Investments
$ 4,388.67
Re-deposit Payroll Deductions
614.94
Audit Entry-Appreciation in value of Bank Stocks 1,112.50
$239,938.57
$239,938.57
TOWN OF WAKEFIELD
292
Transfers from Payroll Deductions
293
REPORT OF TOWN ACCOUNTANT
The accounts of the Treasurer have been examined and found to be in agreement with the Accountant's books.
Cash balances have been verified and found to be distributed as follows:
General Funds-on deposit in:
Wakefield Trust Company $563,854.05
First National Bank of Boston 102,789.60
Second National Bank of Boston 232,266.67
Cash in hands of Treasurer not deposited until January 996.83
Total December 31, 1948 $899,907.15
Trust Funds have been checked by examination of Savings Bank deposit books.
Investment Funds have been checked and found in the custody of the Treasurer and consist of the following:
U. S. War Bonds 21/2%-Series G $100,000.00
U. S. Treasury Bonds 214% of 1959-1962 38,000.00
$138,000.00
Funds of the Contributory Retirement System have been checked by examination of Co-operative Bank books, securities, and statement of the Wakefield Trust Company covering checking account, and have been found to be in agreement with the Town Accountant's books.
Funds are invested as follows: Wakefield Savings Bank $ 5,006.67 5,008.33
Melrose Savings Bank
Malden Savings Bank 10,066.67
Co-operative Banks - Serial Shares including
$ 20,081.67 accrued interest $ 78,714.90 70,000.00
United States War Bonds 21/2% Series G
100 Shares First National Bank of Boston- purchase price $ 3,900.00
100 Shares National Shawmut Bank of Boston --- purchase price 2,287.50
Added to value of bank stocks by State Auditors to equal market value 1,112.50
Wakefield Trust Company-Checking Account $ 16,973.97
$ 7,300.00 Check for Payroll Deductions in hands of Treas- urer not deposited until January 327.86
$ 17,301.83
Total Funds December 31, 1948
$193,398.40
294
TOWN OF WAKEFIELD
All cancelled permanent and temporary loans paid during the year by the Treasurer have been examined and found to be as reported.
I wish to express my appreciation to the Honorable Board of Select- men and to all other officers and employees who have co-operated in carrying on the work of this department.
Respectfully submitted,
CHARLES C. COX, Town Accountant
295
INDEX TO TOWN OFFICERS' REPORTS
Index to Town Officers' Reports
Animal Inspector
128
Assessors
132
Births
74
Building Inspector
125
Compensation Agent
127
Deaths
96
Dog Licenses
101
Dog Officer
128 11
Election Results and Town Meetings
Fire Department
110
Forest Warden
112
Health Department
135
Indebtedness Account
290
Jurors
6
Library Trustees
140
Light Department
193
Marriages
84
Report of the Middlesex County Extension Service
139
Milk and Food Inspector
138
Moth Department
124
Park and Cemetery Department
148
Planning Board
134
Plumbing Inspector
137
Police Department
105
Recreation Commission
189 191
School Committee
200
Sealer of Weights and Measures
131
Selectmen
102
Sporting Licenses
101
State Audit
235
Street Superintendent
113
Sweetser Charity
130
Sweetser Lecture Committee
129
Town Accountant
239
Town Counsel
11
Town Officers 1948-1949
3
Treasurer
169
Tree Warden
124
Water and Sewerage Department
150
Wire Inspector
125
Welfare Department
161
Retirement Board
Town Meetings
296
TOWN OF WAKEFIELD
Index to Town Accountant's Report
Accounting
244
Accounts Receivable-Various Departments
287
Adjourned Session
31
Aid to Dependent Children-Fed. Funds
243, 254, 273
Appeals Board
240, 264
Appropriations Schedule
279
Appropriations to Enter the Tax Levy
272
Armistice Day
264
Assessors
246
Available Balances
273
Balance Sheet
286
Betterment Assessments
239
Blue Cross Deductions
243, 265, 274
Bond Issues 242, 267, 268
Building Inspector 240, 250
241, 275
Collector
240, 245
Commonwealth of Massachusetts-Receipts
243
Commonwealth of Massachusetts-Old Age Assistance
243
Compensation Account 251
Cox Scholarship Fund
241
Dog Licenses
240, 243, 251
Dog Officer
251
Dumps
252
Election and Registration
247
Excess and Deficiency
277
Excise Tax-Motor Vehicle
239
Federal Grants-New Buildings-Repayments
249, 253
Federal Withholding Taxes
243, 265, 274
Finance Committee
264
Fines and Forfeits
240
Fire Alarm, Police Signal, Traffic Lights
276
Fire and Liability Insurance
264
Forest Warden
250
Garbage
252
Guarantee Deposit Account-Light Department
276
Health
240, 251
Highway
243, 252, 253
Highway Building (new)
253
Highway Chap. 90
243, 252, 273
Hurd School Addition
257
Hydrant Rental 250
Indebtedness Account-insert following 290
Cemetery Sale of Lots
Fire 240, 249
INDEX TO TOWN ACCOUNTANTS' REPORT 297
Infirmary
241, 255
Inspector of Animals 251
Inspector of Wires
251
Interest
242, 271
Investment-War Bonds
242, 292
Lafayette Building
240, 248
Legal
246
Library 241, 260
Licenses and Permits 239
Light Department 241, 265, 275
271
Memorial Day 264
Middlesex County Tax 264
Middlesex County Hospital 264
Miscellaneous Account 264
Moth Department 240, 250
Moth Assessments
239
Old Age Assistance 241, 243, 254, 273
Old Age Assistance-Commonwealth of Mass. 243
Old Age Assistance-Fed. Funds 243, 273
Overlay - 1947-1948 286
276
Park and Cemetery
241, 261
Payments
244
Perpetual Care-Cemetery
243, 272, 275
Planning Board 264
Poll Taxes - Prior Years
239
Police
240, 248
Police Station - New
249
Post-War Fund Income
275
Premium on Notes and Bond
242, 271, 274
Real Estate - Sale
275
Receipts
239
Recreation Commission 263, 264
Refunds 243, 271
Retirement System 264, 265, 292
Rifle Range 264
Sealer of Weights and Measures
240, 250
Selectmen
244
Schools
241, 242, 256, 257
Sewer Assessments
239
Sewer Connections
242, 268, 277
Sewer Construction
268
Sewer Department
242, 267, 268
Sewerage Surveys 268
State Charges
264
Street Lights
264
Maturing Debt
Overlay Surplus
298
TOWN OF WAKEFIELD
Streets - New Construction, 1947, 1948
253
Sweetser Lecture Fund
271
Taxes - Receipts 239
Taxes Prior Years
239
Tax Title Possessions
277
Tax Title Redemptions
239
Tax Titles
277
Teachers' Retirement Fund 243, 265, 274
Temporary Loans 242, 271, 274
Town Clerk 240, 246
240, 247
Treasurer
240, 245
Trust Fund Account
271, 278, 291
Trust Fund Income
242
Trust Fund Payments
262, 271
Veterans' Benefits
255, 256
Veterans' Burials
264
Veterans' Service Department
265
Visiting Nurse
264
Vital Statistics
246
Water Department 241, 267, 268
Water Rates
287
Water Services
287
Water St. Playground
261
Welfare
241, 254, 255
Willard Donnell Trust
242, 254
Town Hall
RECEIVED . WEUS BEERE
MEMORIAL LIBRARY WAKEMELD, MAGARININETTE
-
. .
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