USA > Massachusetts > Middlesex County > Wakefield > Town annual report of the officers of Wakefield Massachusetts : including the vital statistics for the year 1955 > Part 6
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Class Motto In Ourselves Our Future Lies
- PROGRAM -
Overture and Processional - Wakefield High School Orchestra Mr. Robert D. Chandler, Director
The Flag Salute-Audience and Seniors, led by Class President, William Kent Chapman The National Anthem-Senior Class and Audience Mr. Ray D. Sipola, Supervisor of Music Mr. Robert D. Chandler, Director of Instrumental Music The Invocation Janet Evelyn Spiers, Honor Speaker
The Welcome Richard Sanders Dutton, Salutatorian
Let There Be Music
Williams
Senior Chorus Mr. Ray D. Sipola, Conductor Charlotte Anne LeBlanc, Accompanist
"Sleeping Outdoors" Allen
Edward Paul Haladay, Class Speaker
The House I Live In Robinson
Senior Chorus
Mr. Ray D. Sipola, Conductor Charlotte Anne LeBlanc, Accompanist
A Symposium on Education Why Attend High School? Richard Sanders Dutton, Salutatorian
71
144TH ANNUAL REPORT
What Services Do Special Schools Offer? Carlile Keith Payne, Honor Speaker
Why Go To College? Nancy Susan Cline, Valedictorian
May the Good Lord Bless and Keep You Williams
Senior Class Mr. Ray D. Sipola, Conductor Charlotte Anne LeBlanc, Accompanist
"The Waltz"
Parker
William Kent Chapman, Class Speaker
The Farewell
Nancy Susan Cline, Valedictorian
Class Song Written by Joan Frances McMahon
Conducted by the co-composer, Howard Ainsley Walen Accompanied by the co-composer, Charlotte Anne LeBlanc
Remarks
Mr. John B. Hendershot Superintendent of Schools
Address to the Graduates and Presentation of Diplomas Mr. Richard J. McGrail Wakefield School Committee Recessional Wakefield High School Orchestra Mr. Robert D. Chandler, Director
THE GRADUATES
Aldenberg, Barbara Joan Aldenberg, Betty Ann Allyn, Ruth Evelyn H Anderson, Barbara Lee Angus, Judith Anne Atkins, Evelyn Beulah
Bastardo, Dorothy Ann Bates, Mary Helen Beherrell, Barbara Ann Belanger, Theresa J. Bird, Edward Francis Bonomo, Joseph Salvatore Boucher, David George H Boyd, Beverly Alice Brackett, Jay James Brann, Richard Alan Brooks, John Jackson, Jr. Brown, Lawrence Alan H Buchanan, Joan Burbine, William Francis Burke, Ruth Hamilton
Cain, Ann Janet
* Campanella, Vincent Canavan, Michael Matson Canty, John Francis Carmody, John Cornelius Carroll, Paul Eugene Chapman, William Kent Cheever, Carl Irwin Chetwynd, Robert Clifford
H Chinchillo, Carole Ann Chirone, Elizabeth Louise Ciarfella, Jane Clarke, Carole Frances Cleary, William Joseph
H Cline, Nancy Susan H Coflan, Joan Elaine H Cole, Barbara Jean Colman, David Lynton Colucci, Barbara Joan Connell, Deborah Ann Cook, Walter Wetmore
* Cooney, Daniel Michael Cox, John Edward Crocker, Constance Ann Crosby, Sarah Merrill
72
TOWN OF WAKEFIELD
Crupi, Donald John Cucurullo, Francis Anthony Cummings, Elizabeth Gertrude Curran, Roger Alan
Darrah, Malcolm Bailey Davis, Robert Woodbury
Dennehy, Joseph
DeRenne, Mary Louise
Dickinson, Arthur Eugene
Donaher, Arlene Marie
Doucette, Melbourne Joseph, Jr.
* Doucette, William Joseph Duggan, Constance Rita Duggan, David Donald
H Dutton, Richard Sanders Dyer, John Thomas, Jr.
Eaton, Faye Dawn Edmands, Margaret Ann Fairbanks, Alan Reed Fayle, Edward William Fazio, Kenneth Paul Feeney, Patricia Ann Fennelly, Arthur Roy Fieldhouse, David H. Foss, Marilyn Ann
Fotino, Roger Donald Foulds, Eleanore Frances
Gardner, Herbert William Gates, Carol Ann Gerry, Robert Sterling Goodwin, Ruth Evelyn H Green, Janet Louise Green, Robert Thomas
H Haladay, Edward Paul Hallenborg, A. Brian Hanright, John Frank
* Harris, James Eaton, Jr. Hatfield, Bernice Lorraine Henchey, William Kenneth, Jr. Hendershot, John Elms Holloway, Belle Marian Holman, Marian Elaine Holt, Constance Ann Hourihan, Maureen Catherine Huard, Claire Hudson, Janice Marie
Hunt, Carol Ann Huston, June Carol
Jaynes, Diane
* Johnson, Carl Eric Johnson, David Martin Johnson, Louise Harriet Johnson, Priscilla Clarke Johnson, Richard Bruce
H Johnson, Richard Cameron Johnson, Sandra Belle
Johnson, Tora Elizabeth Johnson, Warren Allen
H Keats, Ethel Lillian Kennedy, Leslie Ann Kerwin, Robert Woodrowe Kevill, Lois Ann Kiley, Mary Elizabeth Kimball, Donald Edward Kincaid, Gail Ann King, Janet Johnston Komak, Barbara Katherine H Kondrup, Shirley Doris
Landry, John William Lanzillo, Walter Edward Lanzillo, Wayne Paul Larson, Frederick Valentine Layton, Aletha May LeBlanc, Charlotte Anne Leonard, Judith Ann Leone, Robert Pasquale Lepore, Barbara Jean Lepore, Elizabeth Ann Lilley, James Frederick Lincoln, Nancy Louise Littlewood, Alice Jean Loubris, Barbara Jean Lyons, Judith Elisabeth
MacDonald, Joan Carol Macey, Doris Elizabeth Mackenzie, Lorimer Allison, Jr. Mahoney, Mary Helen Mairo, Thomas Herbert Malcolm, Charles Robert Martino, Jeanette Beverly
* Merrill, David E. Meuse, Janet May
73
144TH ANNUAL REPORT
Milotte, Robert William Mitchell, David Simonton Moreira, Dolores Theresa Morrill, Katherine Anstiss Murch, William Ivan, Jr. McCarthy, Alice Estelle McCarthy, James Vincent, Jr. McIntire, Judith Louise McMahon, Joan Frances McPhee, Gloria Christine
Needham, Priscilla Jean * Nicholson, Karl Theodore Nilsen, Janet Elaine Nolan, John David
Ober, Peter N. O'Brien, Dorothy May
Palmer, Laurence James H Palmerino, Esther Doris H Payne, Carlile Keith Perkins, Sylvia Pauline Pinckney, David Wayne Pohl, B. Peter Ponte, Rosemarie Barbara Pope, Margaret Louise Pottle, James Elliott Pungente, Theresa Carmella
Quinlan, Marilyn Louise Quinn, Richard M.
Racamato, Geraldine Claire Rayworth, Lloyd Bruce Redfearn, Judith Ann Reid, Karl H Rich, Virginia Elaine Rindone, Betty Virginia Roach, Dolores Christine Roberto, Joseph Paul Robinson, Virginia Ann Rossetti, Harry John Rowe, Janice Louise Russo, Carole Ryan, Eileen Marie
Salem, Adrienne Anita Salesi, Emmanuel H Sargent, Charlene Patricia H Saunders, David Giles Sava, Fiora Corinne Sayers, Carol Ann Schmalfuss, Carla Marie Seymour, Lester Lawrence, Jr. Sherman, David Ashley Showstack, James Norman Sliney, David Edmund Smith, Ann Louise Smith, Richard Cedric Sparkes, Judith Anne H Spiers, Janet Evelyn Stanton, Joan Alice Stoddard, Moira Louise H Syda, Carol Eva
H Taylor, David Malcolm Terravecchia, Cynthia Rose Terravecchia, Robert William Tewksbury, Sheila Ann Toth, Paula Frances
* Towse, Raymond Arnold Trekell, Barbara Joan Tropeano, Ralph James, Jr.
Ventola, Richard Maurice Volpe, Patrick Henry
Walen, Howard Ainsley H Wall, Beverly Louise Wallace, Robert Bruce Walsh, John Albert Ward, William Francis Wettergreen, Wendell Peter Weyland, Gail Leanor White, Gary Theodore Whitten, Dorothy Edna Wilkins, Allan Richard Windt, Barbara Louise
Zwicker, Corita Ann
* Members of class who left to join armed services. H Honor pupil.
74
TOWN OF WAKEFIELD
Report of Library Trustees
TRUSTEES OF THE LUCIUS BEEBE MEMORIAL LIBRARY Hervey J. Skinner, Chairman (Jan .- Oct. 1955) Phillips C. Davis, Chairman (Oct- )
Mrs. Miriam G. Needham, Secretary Mrs. Ruth H. Akin Walter C. Hickey *William J. Lee
Edward E. Lynch Albert W. Rockwood John J. Round, Jr.
Miss Gladys Watkins
STAFF LIBRARIAN Asbury W. Schley
ASSISTANT LIBRARIAN AND CATALOGUER H. Gladys Mackenzie
CIRCULATION AND ART LIBRARIAN Clara G. Wilson
YOUTH LIBRARIAN Thomas McGuiggan
CHILDREN'S LIBRARIAN Violet E. Reed
GREENWOOD LIBRARIAN AND ASSISTANT CATALOGUER Evelyn B. Henderson MONTROSE LIBRARIAN Alice S. Waterworth ASSISTANTS
*Beth E. Wicks Thomasina A. Gerbrands
Judith A. Redfearn Enid L. Schmuch
ADMINISTRATIVE ASSISTANT Edna R. Wentzel
PART-TIME ASSISTANTS
Grace W. Eaton, Clerk Henry Costello
BUILDING CUSTODIAL SUPERVISOR Carl H. Brown JANITOR (Greenwood Branch) Chester I. Hopkins
*Resigned
75
144TH ANNUAL REPORT
REPORT OF LIBRARY TRUSTEES
The Trustees of The Lucius Beebe Memorial Library herewith sub- mit the one hundredth annual report.
The Trustees are mindful of the increasing school population which has a direct bearing on the library and its facilities. Adjustments will have to be made immediately and an addition to the building planned for the near future.
Two changes on the Board of Trustees have taken place this year. Mr. William J. Lee resigned from the Board in April after serving four years. Mrs. Ruth H. Akin was appointed as a Trustee in June to fill this vacancy.
Mr. Hervey J. Skinner who had been chairman of the Board for 23 years resigned as chairman in October, but remains an active mem- ber of the Board. Mr. Phillips C. Davis was elected the new chairman.
Respectfully submitted,
PHILLIPS C. DAVIS, Chairman MIRIAM G. NEEDHAM, Secretary RUTH H. AKIN
WALTER C. HICKEY
EDWARD E. LYNCH
ALBERT W. ROCKWOOD
JOHN J. ROUND, JR.
HERVEY J. SKINNER
GLADYS WATKINS
REPORT OF LIBRARIAN
To the Board of Library Trustees:
It is believed that the following resumé of the 1955 activities will indicate the extent to which The Lucius Beebe Memorial Library, within the limits of its resources, contributed to the educational and recrea- tional needs of Wakefield.
CIRCULATION SERVICES
Again in 1955 increases were shown in every category of circulated materials. The total adult figure of 120,454 represented a gain of 8,402, and attention is called to the fact that non-fiction accounted for a cred- itable 44% of this total. Accurate statistical analysis requires a qualita- tive as well as a quantitative evaluation. Juvenile circulation was 96,588 giving a combined total of 217,042, an increase of 11,758 over the previous year. People are reading.
There was a gain of 259 shown in the 2,285 circulated recordings and 22,800 pictures were circulated from the Picture Collection.
CHILDREN'S AND YOUTH DEPARTMENTS
In addition to the 216 book collections sent to the grade schools to supplement the school curriculum, thirty collections on special subjects were requested by teachers and scout leaders. The regular story hours, occasionally accompanied by film showings, were well attended, and an experimental series held at the Montrose Branch brought an enthus- iastic request for their continuation.
76
TOWN OF WAKEFIELD
The program held in the Children's Room in observance of Na- tional Book Week deserves particular mention. Many new books were exhibited in a colorful Indian setting provided by an elaborate display of headdresses, tomahawks, arrowheads, peace pipes, rugs and a model tepee.
A summer reading project, school visits by the Children's Librarian and class visits to the Children's Room for group instruction in use of library materials should also be mentioned.
As a result of the increased activities of the Youth Department more books were circulated, more reference questions answered and more read- ing guidance furnished. A program of class visits to the Youth Room for orientation lectures for all Atwell Junior High School pupils was started and is being successfully carried out, and on numerous occasions the teachers conferred with the Youth Librarian on special assignments and projects.
REFERENCE AND INFORMATION
The 4,749 recorded reference questions asked by students, profes- sional and business people, club members and others and answered by the Main and Branch Librarians represented a time-consuming service the importance of which can not be overemphasized. New reference tools were added to the collection and the microfilming of all back issues of the Wakefield Daily Item, Citizen and Banner, and Daily Evening Banner was completed.
THE COLLECTION
During 1955, 3,868 books, 80 records and a large number of pamph- lets were added, and 755 books were rebound. The Main and Branch libraries discarded 5,102 volumes and, as the constant "weeding" of tomes containing obsolete information is essential to maintain the qualitative standards of a collection, this will be continued.
PUBLIC RELATIONS
This past year our book and picture collections provided many de- partmental and branch displays for seasonal interests and special occa- sions, and generous loans made possible several other outstanding ex- hibits.
Numerous booklists, including a special, annotated list of practical and home arts books compiled by the Circulation and Art Librarian, were distributed; accounts of library activities and book columns ap- peared regularly in the Wakefield Daily Item; welcome cards were sent to each new resident.
It is hoped that the use of the Lecture Hall by community organ- izations will continue to increase and that the library sponsored Great Books Discussion Group, which was formed last fall, will be followed by requests for other educational programs.
IMPROVEMENTS
In addition to the many items necessary for regular building and equipment maintenance, the Reference Room and Lobby walls were washed. A hand railing extending from the sidewalk to the top step of the main entrance was installed at the request of our patrons and offers reassuring aid to all in inclement weather, and a lounge chair was pur- chased for the Periodical Room.
77
144TH ANNUAL REPORT
Extensive improvements were made at the Montrose Branch which included painting the exterior a country red, removing the top panels of the front door and replacing them with heavy wire-glass, the comple- tion of the circulation desk and the purchase of a table and six match- ing chairs.
CONCLUSION
The library gratefully acknowledges the gifts, loans of display ma- terial and words of commendation received from its many friends. Spe- cial children's bookmarks were donated by the Minahan Pharmacy, the Wakefield Garden Club again provided attractive floral arrangements throughout the year, and all library activities were given generous cov- erage by the Wakefield Daily Item.
In closing the librarian wishes to thank the staff for their loyal co- operation during the past year and to express his appreciation to the Board of Trustees for their fine support and interest.
Respectfully submitted,
ASBURY W. SCHLEY, Librarian
FINANCIAL STATISTICS-1955 INCOME
Library Funds held by Wakefield Trust Company :
Original Fund
Book Value
Income
Junius Beebe Trust Fund
$ 23,030.00
$ 32,516.15
$ 1,393.90
Decius Beebe Trust Fund
14,000.00
15,779.10
929.38
Marcus Beebe Trust Fund
15,000.00
18,476.99
1,022.02
Frederic Beebe Trust Fund
5,000.00
6,227.16
362.92
Eleanor H. Beebe Trust Fund
5,000.00
5,665.71
206.69
Katherine E. Beebe Trust Fund
5,000.00
5,507.44
123.49
Charles S. Beebe Trust Fund
1,000.00
1,166.46
25.24
John H. Beebe Trust Fund
2,500.00
2,778.18
88.47
J. Oliver Beebe Trust Fund
5,000.00
5,441.68
129.56
Alice Beebe Carpenter Trust Fund
5,000.00
5,531.46
121.81
George O. Carpenter Trust Fund
1,000.00
1,114.80
23.93
Sylenda B. Stearns Trust Fund
2,000.00
2,190.21
48.79
$ 83,530.00
$102,395.34
$ 4,476.20
Note: 25% of the net income of the Junius Beebe Fund and 10% of the other funds listed above are added to the principal each year.
Library Funds held by Trustees:
Harris Mason Dolbeare Memorial Fund
1,133.00
Edwin McDuffie Fund
1,000.00
James H. Keough Fund
2,891.45
Wakefield Savings Bank, Income Fund
174.14
Helen Frances Carleton Memorial Fund
1,073.81
$ 6,272.40
78
TOWN OF WAKEFIELD
Library Funds held by Town Treasurer:
Principal
Income
John Gould Aborn Fund
$ 1,689.00
$ 51.05
Cyrus G. Beebe Fund
2,000.00
57.91
Frederic Beebe Fund
1,000.00
32.76
Annie L. Cox Fund
2,000.00
60.45
Robert Parker Dolbeare Fund
500.00
15.11
Willard Donnell Fund
500.00
15.11
Hiram Eaton Library Fund
1,000.00
30.23
Milledge Elliott Fund
1,000.00
30.23
Rev. Thomas A. Emerson Fund
500.00
14.47
Flint Memorial Fund
1,000.00
32.76
Merrill W. Gove Fund
500.00
14.47
Melvin J. Hill Fund
500.00
15.11
Francis P. Hurd Fund
2,500.00
72.39
Franklin Poole Fund
500.00
63.39
Mary H. Pratt Fund
200.00
6.05
Ashton H. Thayer Fund
500.00
15.11
Cyrus Wakefield Fund
500.00
16.39
$ 16,389.00
$ 495.99
SUMMARY
Town Appropriation, 1955
$ 52,937.64
Dog Tax for 1955
2,058.36
Income from Trust Funds
4,972.19
$ 59,968.19
EXPENDITURES
Books and Binding
$ 8,674.15
Records
214.52
Periodicals
965.36
Heat, Light and Telephone
3,332.36
Supplies, Maintenance and Microfilming
4,650.79
Miscellaneous and Library Conference
457.34
Capital Outlay
1,477.00
Salaries, Library Service
34,540.01
Salaries, Custodial
4,350.00
$ 58,661.53
Unexpended Balance
$ 1,306.66
Money returned to the Town, 1955:
Fines, payments for lost books, non-resident fees, etc. $ 2,437.11
CLASSIFIED TABLE OF CIRCULATION IN 1955
Main Library
Greenwood Branch
Montrose Branch
Adult
Juvenile
Adult
Juvenile
Adult
Juvenile
Schools
General Works
196
51
5
101
29
9
Philosophy
1,274
4
98
68
Religion
1,314
331
130
65
60
28
31
Social Sciences
3,245
1,591
289
576
135
376
162
Languages
248
52
12
3
9
11
Science
1,997
1,789
196
382
47
258
228
Useful Arts
6,033
1,913
592
528
310
353
162
Fine Arts
5,061
1,126
643
451
332
185
38
Literature
3,485
658
529
210
183
157
30
History
2,968
759
372
372
114
141
317
Travel
4,067
1,089
606
321
177
227
241
Biography
4,882
2,888
674
1,459
376
995
1,095
Current Periodicals
7,450
1,039
1,518
752
1,970
495
Pamphlets
1,446
27
140
2
Fiction
50,021
14,701
10,670
5,354
6,481
3,816
6,119
Practise Readers
17,462
6,078
5,056
13,926
Totals
93,689
45,480
16,474
16,652
10,293
12,107
22,349
Books borrowed 217,042
Records borrowed 2,285
Pictures borrowed 22,800
Total loans for the year 1955: 242,127
144TH
ANNUAL
REPORT
79
80
TOWN OF WAKEFIELD
LIBRARY RESOURCES
Volumes belonging to the Library, January 1, 1955
86,882
Volumes added by purchase
3,769
Volumes added by gift
99
Total
3,868
Volumes withdrawn, 1955
5,102
Volumes belonging to the Library, December 31, 1955
85,648
Periodicals and newspapers currently received
195
Periodicals and newspapers received by gift
66
Mounted pictures belonging to the Library, December 31, 1955 *20,410
Pamphlets belonging to the Library, December 31, 1955
*3,195
* Approximate number
Report of Sweetser Lecture Committee
RECEIPTS
Income from Trust Fund
$ 334.42
Sale of Tickets-Lafayette Building
38.15
$ 372.57
EXPENDITURES
Nov. 8th. Dr. John Nicholls Booth
$ 100.00
Nov. 15th. Mr. Roland Robbins
75.00
Wakefield Item Company (printing & advertising)
25.50
Ticket Sellers
8.00
Projection Operator
10.00
Fireman
16.00
Policeman
16.00
Janitor
14.00
Wakefield Trust Company, Service Charge
.33
Balance to Sweetser Charities
107.74
$ 372.57
KATHERINE NELSON, Treasurer Sweetser Lecture Committee
81
144TH ANNUAL REPORT
Report of the Municipal Light Board
The net profit of the Department was $144,944.85 as compared to $125,847.68 in 1954. The Sale of Gas increased 6.4% and electricity 9.4%.
The balance in the Operating Fund was $135,405.32 as compared with $106,331.65 in 1954.
The sum of $60,000.00 was paid to the Town to be used in computing the tax rate for 1955. The total amount paid to the Town is $693,229.57.
The Manager's report including financial statements for the year are included in this report.
Respectfully submitted,
JOSEPH M. HARTSHORNE, Chairman JAMES B. WISWALL, Secretary JOHN MORLEY
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, 1955 and the changes from the previous year :
Sales of Gas and Electricity
$ 1,050,515.10
Increase $ 84,142.87
Cost of Gas and Electricity
522,592.20
Increase
52,638.79
Gross Revenue
1
527,922.90
Increase
31,504.08
Operating Expense
381,082.57
Increase
10,397.39
Operating Revenue
146,840.33
Increase
21,106.69
Other Revenue
1,573.93
Decrease
1,743.06
Gross Income
148,414.26
Increase
19,363.63
Other Expense
3,469.41
Increase
266.46
Net Income
144,944.85
Increase
19,097.17
Paid to Town in lieu of Taxes
60,000.00
Increase
10,000.00
Net
84,944.85
Increase
9.097.17
82
TOWN OF WAKEFIELD
During the year the Electric Department installed
13,313 feet of primary wire 39,533 feet of secondary wire 203 new services 55 poles
and the Gas Department installed
1,301 feet of gas mains 2,823 feet of service pipe 21 new services
At the end of the year there were 4,555 gas meters and 7,197 electric meters in use, which is a decrease of 11 gas meters and an increase of 193 electric meters.
SALES
The sale of gas and electricity for 1955 totaled over $1,000,000.00; with electric sales amounting to $800,000.00, approximately 10% increase and gas sales of $252,000.00, approximately 7% over 1954.
ELECTRIC DEPARTMENT PEAK LOAD
Our peak electric load at Christmas time was 8,300 K.W., an in- crease of 161/2% over 1954. The electric load continues to grow rapidly and we are making every effort to anticipate the increase, from year to year.
NEW CONSTRUCTION
In November, we installed a second 5,000 KVA transformer and switchgear at the Substation on Wakefield Ave. We now have a com- pletely modern substation, with a firm capacity of 10,500 KVA.
We installed the following new underground equipment:
1-100 KVA transformer in the manhole at Crescent St. and Main St.
1-100 KVA transformer in the manhole on Albion St.
1-100 KVA transformer in the manhole at North Ave. and Chestnut St.
New underground cable from Main St. and Crescent St. to the site of the new parking lot and store and office building.
Constructed new manhole on Albion St.
STREET LIGHTING
Following a survey of the Town by a street lighting engineer, the Municipal Light Board inaugurated a program of relighting our streets to standards established by the National Safety Council and the Illumi- nating Engineering Society.
This will involve an annual expenditure of $25,000.00 for approxi- mately 10 years, commencing with the main streets and progressing to other streets in the order of their importance, from the point of view of traffic and accident hazard.
We have relighted Main St. from the Melrose line to the Rockery and will complete Main St. in 1956. New mercury lighting was added on Center St., Princess St., Lincoln St., and part of Water St.
We will continue on Water St., West Water St., North Ave., and Richardson Ave., in 1956.
83
144TH ANNUAL REPORT
MAINTENANCE
We have continued our program of tree trimming, by a tree service contractor, to reduce the hazards to our lines during storms. This re- quires constant trimming of growing trees and removal of old and dis- eased trees that constitute a threat to wires. A great deal has been accomplished with excellent co-operation of the Tree Department of the Board of Public Works.
We replaced underground cable on lower Chestnut St., Avon St., Yale Ave., and part of Main St. and North Ave.
FUTURE BUSINESS
We are making preparations for the addition of substantial indus- trial and commercial increases from a new Electronics Corp., a large Insurance Co., office building on Route 128 and a store and office build- ing on Main St. We also anticipate the beginning of a large industrial development on Route 128.
GAS DEPARTMENT SALES
Gas sales increased approximately 7%, due to both commercial busi- ness and a large increase in gas heating. Our cost of purchasing gas increased approximately 6% but this expense was absorbed by the De- partment without increasing our rates.
MAINTENANCE
We continued our annual vegetation survey of gas mains as part of a system of leak control. Arrangements have been made to have the same professional company conduct a winter leak control survey, which includes all Schools and Public Buildings, stores, factories, etc.
We are grateful to the members of the Municipal Light Board for their counsel and assistance and wish to commend the Department em- ployees for their loyalty and co-operation.
-
Financial Statements follow:
MUNICIPAL LIGHT DEPARTMENT
BALANCE SHEET
December 31, 1955
ASSETS
PLANT INVESTMENTS :
Gas Department (Schedule A)
$278,738.27
Electric Department (Schedule B)
697,731.42
General Equipment (Schedule C) 34,055.57
Combination Gas and Electric Building 124,149.63
Office Building 11,401.68
Total
$ 1,146,076.57
84
TOWN OF WAKEFIELD
CURRENT ASSETS :
Operation Fund
$135,405.32
Depreciation Fund
32,088.17
Office Fund
100.00
Change Fund
300.00
Special Deposits
33,908.48
Accounts Receivable
81,373.06
Materials and Supplies
58,061.98
Total
$ 341,237.01
COST OF GAS CONVERSION
92,421.22
PREPAID INSURANCE
1,619.96
Total Assets
$ 1,581,354.76
LIABILITIES AND SURPLUS
CURRENT LIABILITIES :
Consumers' Deposits
$ 33,908.48
Interest on Consumers' Deposits
1,446.41
Interest on Bonds
300.00
Total
$ 35,654.89
BONDS PAYABLE
75,000.00
COST OF GAS CONVERSION AMORTIZED
32,397.28
APPROPRIATED SURPLUS:
Loans Repayment $488,300.00
Appropriation for Construction Repayment 51,632.86
$ 539,932.86
Total SURPLUS (Schedule D)
$ 898,369.73
Total Liabilities and Surplus
$ 1,581,354.76
STATEMENT OF INCOME AND EXPENSE Year Ending, December 31, 1955 GAS DEPARTMENT
INCOME FROM THE SALE OF GAS:
Residence
$184,995.20
Commercial
40,016.98
Heating
26,060.83
Municipal
1,444.65
Minimum
253.79
Total
$252,771.45
DEDUCT-OPERATING EXPENSES : Gas Purchased Distribution
$109,112.86
65,691.06
Commercial
12,448.77
85
144TH ANNUAL REPORT
New Business General Depreciation
226.15 18,072.47 20,209.49
Total OPERATING INCOME
$225,760.80
$ 27,010.65
ADD-OTHER INCOME:
Jobbing
$ 46.01
Interest on Bank Balance
270.00
Income from Rents
167.40
Total
$ 483.41
GROSS INCOME
$ 27,494.06
DEDUCT-OTHER EXPENSES :
Interest on Bonds
$ 366.01
Interest on Consumers' Deposits
368.19
Bad Debts
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