Town of Arlington annual report 1962, Part 31

Author: Arlington (Mass.)
Publication date: 1962
Publisher:
Number of Pages: 426


USA > Massachusetts > Middlesex County > Arlington > Town of Arlington annual report 1962 > Part 31


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).


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30.62


Fund and Accumulated Income $ 1,353.60


Payments


Paid Bills per vouchers on file 238.20 $ 1,115.40


Investment Transactions in 1962


1M U.S. Treasury Bonds 2 1/2%, Matured November 1, 1962 Proceeds deposited in Union Savings Bank of Boston


Investments


Arlington Five Cents Savings Bank, Acct. #201472 . $ 115.40


Union Savings Bank of Boston, Acct. #174638 . 1,000.00


$ 1,115.40


TIMOTHY WELLINGTON LIBRARY FUND


1962


Principal of Fund


$ 100.00


Balance of Income, December 31, 1961 13.64 $ 113.64


Receipts


Interest on Arlington Five Cents Savings Bank, Acct. #15103. . 4.30


Fund and Accumulated Income, December 31, 1962 $ 117.94


Investments


Arlington Five Cents Savings Bank, Acct. #15103 $ 117.94


ELLEN W. HODGDON LIBRARY FUND


1962


Principal of Fund


$ 1,000.00


Balance of Income, December 31, 1961 42.64


$ 1,042.64


Receipts


Interest on:


1M U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 40.00


Arlington Five Cents Savings Bank, Acct. #45368 2.49


42.49


Fund and Accumulated Income, Dec. 31, 1962 $ 1,085.13


Investments


1M U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 990.00 Arlington Five Cents Savings Bank, Acct. #45368 95.13


$ 1,085.13


344


ARLINGTON TOWN REPORT


DEXTER RAWSON FAY LIBRARY FUND


1962


Principal of Fund $ 1,741.60


Balance of Income, December 31, 1961 80.48


$ 1,822.08


Receipts


Interest on:


15C U.S. Treasury 4% Bonds, Feb. 15, 1980 .. $ 60.00


Arlington Five Cents Savings Bank, Acct. #51672 13.57


73.57


Fund and Accumulated Income, December 31, 1962


$ 1,895.65


Investments


15C U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 1,485.00 Arlington Five Cents Savings Bank, Acct. #51672 410.65


$ 1,895.65


CHILDREN'S BOOK FUND


1962


Principal of Fund $ 5,000.00


Gain of Capital Assets 8,390.85


$13,390.85


Balance of Income, December 31, 1961 978.73


$14,369.58


Receipts


Interest on:


12M U.S. Treasury 4 7/8% Notes, Nov. 15, 1963 . . $ 585.00


Arlington Five Cents Savings Bank, Acct. #57012 71.17


656.17


Fund and Accumulated Income, December 31, 1962


$15,025.75


Payments


Paid Bills per Vouchers on File . 1,054.59 $13,971.16


Investments


12M U.S. Treasury 4 7/8% Notes, Nov. 15, 1963 . . $11,970.00 Arlington Five Cents Savings Bank, Acct. #57012 . 2,001,16


$13,971.16


LOUISE GRUBER LIBRARY FUND


1962


Principal of Fund


$ 2,000.00 Balance of Income, December 31, 1961 289.45


$ 2,289.45


345


TRUST AND INVESTMENT FUNDS


Receipts


Interest on:


2M U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 80.00 North Avenue Savings Bank, Acct. #79392 13.89


93,89


Fund and Accumulated Income, December 31, 1962


$ 2,383.34


Investments


2M U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 1,980.00 North Avenue Savings Bank, Acct. #79392 403.34


$ 2,383.34


NATHAN PRATT LIBRARY FUND


1962


Balance December 31, 1961. $ 6,516.41


Receipts


Interest on:


5M U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 138.67 Arlington Five Cents Savings Bank, Acct. #40850 52.59


Cambridge Savings Bank, Acct. #179488 5.64 Premium on:


5M U.S. Treasury 4% Bonds, sold Apr. 26, 1962 65.63


262.53 $ 6,778.94


Payments


Paid Bill per Voucher on File 5,258.80 $ 1,520.14


Investment Transactions in 1962


5M U.S. Treasury 4% Bonds sold April 26, 1962 @ 100 and 10/32 Proceeds deposited in Arlington Five Cents Savings Bank


Investments


Arlington Five Cents Savings Bank, Acct. #40850 . $ 1,378.38 Cambridge Savings Bank, Acct. #179488 141.76


$ 1,520.14


Francis A. Coughlin Town Treasurer


Carmen T. Foritano Town Accountant


J. Milton Washburn, Jr., Chairman


Robert J. Brosnan


Maude M. Thompson


Robert T. Uek


Molly F. Yood


Board of Library Trustees


346


ARLINGTON TOWN REPORT


Cemetery Funds


PERPETUAL CARE FUND 1962


Fund, January 1, 1962 $463,369.39


Received for Perpetual Care of Lots 20,222.00


$483.591.39


Receipts


Interest on:


First National Bank Stock $ 459.00


National Shawmut Bank Stock 520.00


U.S. Treasury Series K Bonds 690.00


U.S. Treasury 2 1/2% Bonds 63/68 750.00


U.S. Treasury 4 3/4% Bonds, May 15, 1964


712.50


U.S. Treasury 2 1/2% Bonds, 64/69 125.00


U.S. Treasury 2 1/2% Bonds, 65/70


1,875.00


U.S. Treasury 2 1/2% Bonds, 66/71


625.00


U.S. Treasury 2 1/2% Bonds, 67/72


157.50


U.S. Treasury 4% Bonds, Feb. 15, 1980


1,800.00


Southern California Edison Bonds .


997.50


Arlington Five Cents Savings Bank, Acct. #72902 Boston Five Cents Savings Bank, Acct. #1039471. .


318.83


Cambridge Savings Bank, Acct. #159502


3,642.83


Charlestown Savings Bank, Acct. #233796


439.70


North Avenue Savings Bank, Acct. #78733 764.11


Provident Institution for Savings, Acct. #603700 363.32


Suffolk Franklin Savings Bank, Acct. #4004834


1,035.49


17,260.30 $500,851.69


Payments


Box Rent


$ 9.00


Disbursed from Fund to Town 17,251,30


17,260.30 $483.591.39


Investments


30M U.S. Treasury 2 1/2% Bonds, June 15, 63/68 . $30,000.00 5M U.S. Treasury 2 1/2% Bonds, June 15, 64/69 . 5,000.00


75M U.S. Treasury 2 1/2% Bonds, March 15, 65/70 75,000.00 25M U.S. Treasury 2 1/2% Bonds, March 15, 66/71 25,000.00


63C U.S. Treasury 2 1/2% Bonds, March 15, 67/72. 6,300.00


15M U.S. Treasury 4 3/4% Notes, May 15, 1964 .. 14,962.50


25M U.S. Treasury Series K Bonds, Jan. 1, 1966. . 25,000.00


45M U.S. Treasury 4% Bonds, Feb. 15, 1980 44,531.25


5M Pacific Gas and Electric Bonds 1970 5,000.00


100 First National Bank Shares


4,175.00


34 First National Bank Shares dist. @ par 1,700.00


19 First National Bank Shares dist. @ par 237.50


200 National Shawmut Bank Shares 5,000.00


25M American Tel. and Tel. Bonds 7/1/90 25,000.00


21M Southern California Edison Bonds 7/1/82 21,000.00


Arlington Five Cents Savings Bank, Acct. #72902 27,451.91


150.00


American Tel. and Tel. Bonds .


968.75


865.77


Pacific Gas and Electric 3% Bonds


347


TRUST AND INVESTMENT FUNDS


Boston Five Cents Savings Bank, Acct. #1039471. . $ 8,170.82 Cambridge Savings Bank, Acct. #159502 93,360.42 Charlestown Savings Bank, Acct. #233796 11,269.23 North Avenue Savings Bank, Acct. #78733 19,583.09 Provident Institution for Savings, Acct. #603700 9,311.68 Suffolk Franklin Savings Bank, Acct. #4004834 26,537.99


$483,591.39


SAMUEL C. BUCKNAM CEMETERY FUND


1962


Principal of Fund


$


2,000.00


Income Account


Balance Income, January 1, 1962


862.93


Interest on:


2M U.S. Treasury 3 1/4% Bonds, June 15, 83/78 . . $ 65.00


Arlington Five Cents Savings Bank, Acct. #12248 32.79


97.79 $ 2,960.72


Investments


2M U.S. Treasury 3 1/4% Bonds, June 15, 83/78 .. $ 2,000.00 Arlington Five Cents Savings Bank, Acct. #12248 960.72


Fund and Accumulated Income, December 31, 1962 $ 2,960.72


ROBBINS CEMETERY FUND


1962


Principal of Fund $ 5,000.00


Income Account


Balance Income, January 1, 1962 2,297.85


Interest on:


5M U.S. Treasury 3 1/4% Bonds, June 15, 83/78 . . $ 162.50


Arlington Five Cents Savings Bank, Acct. #6758 87.35


249.85 $ 7,547.70


Investments


5M U.S. Treasury 3 1/4% Bonds, June 15, 83/78 .. $ 5,000.00 Arlington Five Cents Savings Bank, Acct. #6758 . . 2,547.70


Fund and Accumulated Income, December 31, 1962


$


7,547.70


Francis A. Coughlin Town Treasurer Carmen T. Foritano Town Accountant


John H. Callahan, Chairman T. Gordon Smith Arthur L. McAvoy Cemetery Commissioners


348


ARLINGTON TOWN REPORT


Report of the Board of Commissioners of Trust Funds E. NELSON BLAKE JR. MEMORIAL FUND


1962


Principal of Fund


$


3,000.00


Receipts


Interest on:


3M U.S. Treasury 4%, Feb. 15, 1980 $ 120.00


Arlington Five Cents Savings Bank, Acct. #12541. . 2.68


Cambridge Savings Bank, Acct. #179490 1.20


123.88 $ 3,123.88


Payments


Disbursed from Fund to Town 123.88 $ 3,000.00


Investments


3M U.S. Treasury 4%, Feb. 15, 1980. $ 2,970.00


Cambridge Savings Bank, Acct. #179490 30.00 $ 3,000.00


MARY CUTTER POOR WIDOWS' FUND


1962


Principal of Fund


Receipts $ 613.11 .


Interest on:


5C U.S. Treasury 2 1/2%, Dec. 15, 68/63 .


$ 12.50


Arlington Five Cents Savings Bank Acct. #15105 . 4.44


16.94 $ 630.05


Payments


Disbursed from Fund to Town 16.94 $ 613.11


Investments


5C U.S. Treasury 2 1/2%, Dec. 15, 68/63. . $ 500.00 Arlington Five Cents Savings Bank, Acct. #15105 113.11 $ 613.11


WILLIAM CUTTER SCHOOL FUND


1962


Principal of Fund


$ 5,354.00


349


TRUST AND INVESTMENT FUNDS


Receipts


Interest on:


55C U.S. Treasury 2 1/2%, Dec. 15, 68/63 . $ 137.50 Arlington Five Cents Savings Bank, Acct. #15102 8.66


146.16 $ 5,500.16


Payments


Disbursed from Fund to Town 146.16 $ 5,354.00


Investments


55C U.S. Treasury 2 1/2%, Dec. 15, 68/63 . $ 5,162.04 Arlington Five Cents Savings Bank, Acct. # 15102 191.96 $ 5,354.00


EDWIN S. FARMER POOR WIDOWS' FUND


1962


Principal of Fund


$


5,000.00


Receipts


Interest on:


5M U.S. Treasury 4%, Feb. 15, 1980 . $ 200.00


Arlington Five Cents Savings Bank, Acct. #40379 4.51


Cambridge Savings Bank, Acct. #179489 2.00


206.51 $ 5,206.51


Payments


Disbursed from Fund to Town 206.51 $ 5,000.00


Investments


5M U.S. Treasury 4%, Feb. 15, 1980 $ 4,950.00


Cambridge Savings Bank, Acct. #179489 50.00


$ 5,000.00


EDWIN S. FARMER RELIEF FUND


19 62


Principal of Fund


$ 5,000.00


Gain of Capital Assets 145.00 $ 5,145.00


Receipts


Interest on:


3M U.S. Treasury 4%, Feb. 15, 1980 $ 120.00


Arlington Cooperative Bank Shares 80.00


Arlington Five Cents Savings Bank, Acct. #20873 9.63


Cambridge Savings Bank, Acct. #178870


1.20


210.83


$ 5,355.83


350


ARLINGTON TOWN REPORT


Payments


Disbursed from Fund to Town 210.83 $ 5,145.00


Investments


3M U.S. Treasury 4%, Feb. 15, 1980 $ 2,970.00


10 Arlington Cooperative Bank Shares . 2,000.00


Arlington Five Cents Savings Bank, Acct. #20873 145.00


Cambridge Savings Bank, Acct. #178870 30.00


$


5,145.00


JULIA FILLEBROWN FUND


1962


Principal of Fund Receipts $ 100.00


Interest on Arlington Five Cents Savings Bank, Acct. #15841. . $ 103.82


3.82


Payments


Disbursed from Fund to Town


3.82


$


100.00


Investments


Arlington Five Cents Savings Bank, Acct. #15841 $ 100.00


ANNIE L. HILL POOR WIDOWS' FUND 1962


Principal of Fund


$


2,000.00


Receipts


Interest on:


2M U.S. Treasury 2 1/2%, Dec. 15, 68/63 $ 50.00


Arlington Five Cents Savings Bank, Acct. #61578 .46


50.46


$


2,050.46


Payments


Disbursed from Fund to Town · 50.46


$


2,000.00


Investments


2M U.S. Treasury 2 1/2%, Dec. 15, 68/63


$


2,000.00


MARIA L. HILL POOR WIDOWS' FUND


1962


Principal of Fund


$ 2,000.00


351


TRUST AND INVESTMENT FUNDS


Receipts


Interest on:


2M U.S. Treasury 4%, Feb. 15, 1980 . . $ 80.00 Arlington Five Cents Savings Bank, Acct. #67336 2.16


82.16 $ 2,082.16


Payments


Disbursed from Fund to Town 82.16


Investments


$ 2,000.00


2M U.S. Treasury 4%, Feb. 15, 1980. $ 1,990.00 Arlington Five Cents Savings Bank, Acct. #67336 10.00 $ 2,000.00


MUNICIPAL BUILDINGS INSURANCE FUND


1962


Fund and Accumulated Income, December 31, 1961 $ 93,597.33


Gain of Capital Assets 62.51


$ 93,659.84


Receipts


Interest on:


Arlington Five Cents Savings Bank, Acct. #40412 . $ 1,301.98


Cambridge Savings Bank, Acct. #178038 993.22


Cambridgeport Savings Bank, Acct. #254223 . 1,586.97


3,882.17 $ 97,542.01


Appropriated at Annual Town Meeting 10,000.00 $107,542.01


Investments


Arlington Five Cents Savings Bank, Acct. #40412 . $35,537.28 Cambridge Savings Bank, Acct. #178038 25,454.64


Cambridgeport Savings Bank, Acct. #254223 46,550.09


Fund and Accumulated Income, December 31, 1962 $107,542.01


NATHAN PRATT HIGH SCHOOL FUND


1962


Principal of Fund $ 25,000.00


Receipts


Interest on: 25M U.S. Treasury 4%, Feb. 15, 1980. $ 1,000.00 Arlington Five Cents Savings Bank, Acct. #40413 22.62


Cambridgeport Savings Bank, Acct. #249281. 10.00


1,032.62 $ 26,032.62


352


ARLINGTON TOWN REPORT


Payments


Disbursed from Fund to Town 1,032.62 $ 25,000.00


Investments


25M U.S. Treasury 4%, Feb. 15, 1980 $24,750.00


Cambridgeport Savings Bank, Acct. #249281. 250.00


$ 25,000.00


NATHAN PRATT POOR WIDOWS' FUND


1962


Principal of Fund $ 5,000.00


Receipts


Interest on:


5M U.S. Treasury 4%, Feb. 15, 1980. $ 200.00


Arlington Five Cents Savings Bank, Acct. #40450 4.50


Cambridge Savings Bank, Acct. #179488 2.00


206.50 $ 5,206.50


Payments


Disbursed from Fund to Town


206.50


$ 5,000.00


Investments


5M U.S. Treasury 4%, Feb. 15, 1980 $ 4,950.00


Cambridge Savings Bank, Acct. #179488 50.00 $ 5,000.00


ROBBINS HOUSE MAINTENANCE FUND


1962


Principal of Fund $ 48,189.03


Receipts


Interest on:


1M U.S. Treasury 2 3/4%, June 15, 60/65. $ 27.50


13M U.S. Treasury 2 1/2%, June 15, 64/69. 325.00


5M U.S. Treasury 3 1/2%, Nov. 15, 1980 175.00


7M U.S. Treasury 2 1/2%, June 15, 67/72. 175.00


22M U.S. Treasury 4%, Feb. 15, 1980 880.00


Cambridge Savings Bank, Acct. #164923. 16.36


1,598.86 $ 49,787.89


Payments


Box Rent


Premium on Bonds Exchanged . $ 12.00


112.50


Accrued Interest on Bonds Exchanged 58.50


Disbursed from Fund to Town


1,415.86


$ 48,189.03 1,598.86


353


TRUST AND INVESTMENT FUNDS


Investment Transaction


Exchanged 5M U.S. Treasury Bonds 2 1/2%, Mar. 15, 1970 for 5M U.S. Treasury Bonds 3 1/2% 11/15/80.


Investments


1M U.S. Treasury 2 3/4%, June 15, 60/65 $ 1,000.00


13M U.S. Treasury 2 1/2%, June 15, 64/69


13,000.00


5M U.S. Treasury 3 1/2%, Nov. 15, 1980 5,000.00


7M U.S. Treasury 2 1/2%, June 15, 67/72. 7,000.00


22M U.S. Treasury 4%, Feb. 15, 1980 . 21,780.00


Cambridge Savings Bank, Account #164923. 409.03


$ 48,189.03


ROBBINS SCHOLARSHIP FUND


1962


Principal of Fund $ 10,000.00


Balance of Income, December 31, 1961 211.95


$ 10,211.95


Receipts


Interest on:


10M U.S. Treasury 4%, Feb. 15, 1980 $ 400.00


Arlington Cooperative Bank Shares, Acct. #1631 . 15.20


415,20 $ 10,627.15


Payments


Disbursed from Fund for Scholarships in 1962 415.00 Balance of Fund and Undistributed Income, Dec. 31, 1962 $ 10,212.15


Investments


10M U.S. Treasury 4%, Feb. 15, 1980 $ 9,900.00 Arlington Cooperative Bank Shares, Acct. #1631 . 312.15


$ 10,212.15


M. M. W. RUSSELL POOR WIDOWS' FUND


1962


Principal of Fund


$


1,704.23


Receipts


Interest on:


15C U.S. Treasury 2 1/2%, Dec. 15, 68/63 . $ 37.50


Arlington Five Cents Savings Bank, Acct. #439 8.19


45.69 $ 1,749.92


Payments


Disbursed from Fund to Town 45.69


$ 1,704.23


354


ARLINGTON TOWN REPORT


Investments


15C U.S. Treasury 2 1/2%, Dec. 15, 68/63 $ 1,500.00 Arlington Five Cents Savings Bank, Acct. #439 204.23 $ 1,704.23


M. M. W. RUSSELL SCHOOL FUND


1962


Principal of Fund . $ . 5,327.86


Receipts


Interest on:


55C U.S. Treasury 2 1/2%, Dec. 15, 68/63 $ 137.50


Arlington Five Cents Savings Bank, Acct. #9373 7.66


145.16 $ 5,473.02


Payments


Disbursed from Fund to Town


145.16


$


5,327.86


Investments


55C U.S. Treasury 2 1/2%, Dec. 15, 68/63 . $ 5,162.04 Arlington Five Cents Savings Bank, Acct. #9373 165.82 $ 5,327.86


SOLDIERS' MONUMENT FUND


19 62


Principal of Fund .


$ 2,000.00


Balance of Income, January 1, 1962 1,326.89


$ 3,326.89


Receipts


Interest on:


2M U.S. Treasury 3 1/4%, June 15, 83/78 $ 65.00


Arlington Five Cents Savings Bank, Acct. #6977 48.73


113.73 $ 3,440.62


Payments


Cleaning and Decorating Monuments $ 80.00


Repair of Monument . 30.00


110.00 $ 3,330.62


Investments


2M U.S. Treasury 3 1/4%, June 15, 83/78 $ 2,000.00


Arlington Five Cents Savings Bank, Acct. #6977 . 1,330.62


Fund and Accumulated Income, December 31, 1962


$


3,330.62


355


TRUST AND INVESTMENT FUNDS


EMMA L. SPRAGUE POOR WIDOWS' FUND


1962


Principal of Fund


$ 17,938.47


Receipts


Interest on:


17M 5C U.S. Treasury 4%, Feb. 15, 1980 $ 700.00 Charlestown Savings Bank, Acct. #253396 44.21


744.21


$ 18,682.68


Payments


Disbursed from Fund to Town


744.21


$ 17,938.47


Investments


17M 5C U.S. Treasury 4%, Feb. 15, 1980 $ 17,325.00


Charlestown Savings Bank, Acct. #253396 613.47


$ 17,938.47


FRANCIS E. THOMPSON SCHOLARSHIP FUND


1962


Principal of Fund $436,931.64


Gain on Sale of Capital Assets 3,772.50


$440,704.14


Balance of Income not distributed in 1961


10.212.01


$450,916.15


Receipts


Interest on:


45M U.S. Treasury 5%, August 1964 $ 2,250.00


55M U.S. Treasury 4 5/8%, May 1965 2,543.76


112M U.S. Treasury 3 5/8%, November 1967 4,060.00


532M U.S. Treasury 4%, February 1980. 2,140.00


50M U.S. Treasury 3 1/2%, November 1980 1,750.00


100M U.S. Treasury 3 1/2%, February 1990 . 3,500.00


25M International Bank of Reconstruction and Development 4 1/4%, January 1979 1,062.50


Arlington Five Cents Savings Bank, Acct. #66122 435.07


17,741.33


$468,657.48


Payments


Disbursed from Fund for Scholarships in 1962


14,975.00


$453,682.48


Investments


45M U.S. Treasury 5%, August 1964 $45,000.00 55M U.S. Treasury 4 5/8%, May 1965 55,000.00


356


ARLINGTON TOWN REPORT


112M U.S. Treasury 3 5/8%, November 1967 112,000.00 532M U.S. Treasury 4%, February 1980. . 52,953.80 50M U.S. Treasury 3 1/2%, November 1980 50,000.00 100M U.S. Treasury 3 1/2%, February 1990 . 100,000.00 25M International Bank of Reconstruction and Development 4 1/4%, January 1979 25,000.00


Arlington Five Cents Savings Bank, Acct. #66122 13,678.68


Arlington National Bank, Checking Account 50.00


$453,682.48


Workmen's Compensation Fund


1962


Appropriated at Annual Town Meeting 1962 $ 40,000.00


Receipts


Interest on:


Arlington Five Cents Savings Bank, Acct. #65361 847.87


$ 40,847.87


Payments


Disbursed from Fund to Town


$ 40,847.87


FRANCIS A. COUGHLIN Town Treasurer CARMEN T. FORITANO Town Accountant


IRA M. JONES, Chairman JOSEPH P. HEALEY, Secretary HARRY H. BALDWIN, III Board of Commissioners of Trust Funds


REPORT OF THE COLLECTOR OF TAXES


357


Statement of the Collector of Taxes and Town Collector for the Year 1962


Collection Credits


Balance Uncollected Dec.31,1962


Taxes:


1954 Motor Excise


$


10.37


$


1958 Motor Excise


9.04


1959 Real Estate


111.00


1959 Motor Excise


109.57


1960 Personal .


1,121.85


1960 Real Estate .


1,819.62


87.42


1960 Motor Excise


4,650.49


5,452.02


1960 Poll .


16.00


36.00


1961 Real Estate


135,018.15


.83


1961 Personal .


6,817.49


2,361.04


1961 Motor Excise


153,243.68


24,714.96


1961 Poll


590.00


944.00


1962 Real Estate


6,332,640.12


102,369.42


1962 Personal.


432,033.75


8,993.00


1962 Motor Excise


767,085.91


153,112.55


1962 Poll .


23,934.00


1,586.00


Special Assessments and Water Liens:


Moth (added to 1961 and 1962 Taxes) .


6,314.40


36.60


Water Liens (added to 1960, 1961 & 1962 Taxes)


8,017.98


1,075.45


Apportioned Assessments:


Sewer


2,675.33


265.84


Sidewalk


3,709.11


88.47


Street Betterment


40,680.16


893.32


Water Main


169.19


Unapportioned Assessments:


Sewer


8,276.69


1,422.27


Sidewalk


5,238.84


2,453.08


Street Betterment


26,858.50


48,794.86


Water Main


4,009.05


1,412.02


Committed Interest:


Sewer, Sidewalk, Street Betterment and


Water Main .


12,715.18


468.81


Apportioned Assessments, Not Due:


Sewer


2,684.26


11,615.76


Sidewalk


827.81


16,024.82


Street Betterment


8,617.15


208,672.11


Water Main


519.95


1,343.75


Water Rates


338,768.40


30,814.25


Departmental


2,119.578.38


263,716.38


Interest Added


6,751.88


Costs, Charges and Fees


2,959.20


---


$10,958,582.50


$888,755.03


-


FRANCIS A. COUGHLIN Collector of Taxes and Town Collector


358


ARLINGTON TOWN REPORT


Report of the Contributory Retirement System


1962


Balance - January 1, 1962


$1,469,192.04


Contributions - Employees


142,274.93


Interest on Investments.


58,641.77


Appropriation - Town .


106,837.00


$1,776,945.74


EXPENDITURES


Pensions


$ 133,149.12


Refunds


17,554.19


Expenses


2,914.44


$ 153,617.75


Balance, December 31, 1962


$1,623,327.99


INVESTMENTS


Harvard Trust Company - Checking Account $ 47,827.99


South Boston Savings Bank


10,000.00


Provident Institution for Savings


50,000.00


Suffolk Franklin Savings Bank 5,000.00


Boston Five Cents Savings Bank.


37,500.00


Western Maryland Ry. Co. Bonds - 3 3/8% - 6/1/63 25,000.00


U.S. Treasury 4% Notes - 8/15/66


85,000.00


U.S. Treasury 2 5/8% Notes - 2/15/63


96,000.00


U.S. Treasury 3 1/4% - 5/15/63 .


135,000.00


U.S. Treasury 2 1/2% Bonds - 6/15/62/67 .


40,000.00


U.S. Treasury 4 7/8% Notes - 11/15/63 .


70,000.00


U.S. Treasury Notes 4 3/4% - 5/15/64


52,000.00


U.S. Treasury 5% Notes - 8/15/64


180,000.00


U.S. Treasury 4 7/8% Notes - 11/15/64.


45,000.00


U.S. Treasury 4 5/8% Notes - 5/15/65


87,000.00


U.S. Treasury 4 5/8% Notes - 5/15/65


65,000.00


U.S. Treasury 2 1/2% Bonds - 9/15/67/72 .


5,000.00


U.S. Treasury 3 7/8% - 11/15/74 .


17,000.00


U.S. Treasury 3 1/4% - 6/15/78/83


50,000.00


International Bank of Reconstruction and Development 4 1/4% - 1/15/79 . 10,000.00


U.S. Treasury 4% Bonds - 2/15/80 39,000.00


U.S. Treasury 3 1/2% - 2/15/90.


159,000.00


American Tel. & Tel. Co. 3 7/8% - 7/1/90.


50,000.00


U.S. Treasury 4 1/4% Bonds - 5/15/85


90,000.00


U.S. Treasury 3% Bonds - 2/15/95 .


75,000.00


U.S. Treasury Bonds 3 7/8% - 5/15/68


5,000.00


U.S. Treasury 4% Bonds - 8/15/72 . 25,000.00


U.S. Treasury 3 3/4% Bonds - 8/15/68


68,000.00


$1,623,327.99


FRANCIS A. COUGHLIN, Treasurer CARMEN T. FORITANO, Accountant


CARMEN T. FORITANO HAROLD A. CAHALIN WARREN E. O'LEARY Contributory Retirement Board


359


REPORT OF THE TOWN TREASURER


Report of the Town Treasurer


1962


Cash Balance, January 1, 1962 $ 1,944,805.20 Receipts 1962 . 14,921,153.61 $16,865,958.81


Expended 1962


14,983,892.96


$ 1,882,065.85


Contingent Funds, December 31, 1962 937.00


$ 1,883,002.85


FRANCIS A. COUGHLIN Town Treasurer


PARKING METER COLLECTIONS


1962


January 1, 1962 - December 31, 1962 $ 16,946.40


FRANCIS A. COUGHLIN Town Treasurer


STABILIZATION FUND


1962


Appropriated by Town Meetings, 1958 - 1961 $ 300,000.00


Income from Investments through December 31, 1961 29,332.33


Appropriated from Fund by Town Meetings through $ 329,332.33


December 31, 1961 -100,000.00


Fund Balance on December 31, 1961


$ 229,332.33


1962 Income


Appropriated by 1962 Annual Town Meeting


125,000.00


Interest on U.S. Treasury Bills $ 2,356.89


Interest on Arlington Co-operative Bank paid-up shares . Interest, Suffolk-Franklin Savings Bank


3,160.00


2,665.80


Interest, Union Savings Bank .


1,500.00


Interest on Time Deposit, State St. Bank & Trust Co. 775.01


Interest on Arlington Co-operative Bank


Savings Share Account 581.77


$11,039.47


11,039.47


$ 365,371.80


Disbursed to Town in 1962 for Stratton School Appropriation


-15,000.00


Balance of Fund, December 31, 1962 . $ 350,371.80


360


ARLINGTON TOWN REPORT


1962 Investment Transactions


$100M U.S. Treasury Bills matured 2/8/62


$100M U.S. Treasury Bills maturing 5/17/62 Purchased for $99,307.67 Balance of $692.33 deposited in Arlington Co-operative Account


$ 75M of 1962 Town Meeting Appropriation deposited in Union Savings Bank on 4/10/62


$ 30M of 1962 Town Meeting Appropriation deposited in Suffolk-Franklin Savings Bank on 4/10/62


$ 20M of 1962 Town Meeting Appropriation deposited in Arlington Co- operative Savings Share Account on 4/10/62


$100M U.S. Treasury Bills matured 5/17/62


$ 50M placed on 181 day time deposit in State Street Bank and Trust Company


$ 50M U.S. Treasury Bills maturing 9/6/62 purchased for $49,660.00, Balance of $340.00 deposited in Arlington Co-operative Account.


$ 50M U.S. Treasury Bills matured 9/6/62


$ 50M U.S. Treasury Bills maturing 3/7/63 purchased for $49,292.00, Balance of $708.00 deposited in Arlington Co-operative Account.


$ 50M Time Deposit at State St. Bank and Trust Co. matured 12/3/62; Interest earned of $775.01 deposited in Arlington Co-operative Account.


$ 50M placed on 181 day time deposit in State Street Bank and Trust Company


Investments


Suffolk-Franklin Savings Bank, Account #400-506-2. $ 82,030.20


395 Arlington Co-operative Bank Paid-up Shares #5941 @ $200.00


79,000.00


Union Savings Bank of Boston, Account #173388 75,000.00


State Street Bank & Trust Company Time Deposit 50,000.00


50M U.S. Treasury Bills maturing 3/7/63 @ cost


49,292.00


Arlington Co-operative Bank Savings Share Account #T5280


15,049.60


Balance of Fund, December 31, 1962


$ 350,371.80


FRANCIS A. COUGHLIN Town Treasurer


CARMEN T. FORITANO Town Accountant


REPORT OF THE TOWN ACCOUNTANT


361


Report of the Town Accountant


January 25, 1963


To the Honorable Board of Selectmen Horace H. Homer, Chairman Arlington, Massachusetts


Gentlemen:


I herewith submit my report of the financial transactions of the Town of Arlington for the year ending December 31, 1962, as set forth in the follow - ing schedules:


Balance Sheet


Deferred Accounts, Debt Accounts, Trust and Investment Funds


Unexpended Balances, Appropriation Accounts


Appropriations and Expenditures


Receipts and Payments


Respectfully submitted,


Carmen T. Foritano TOWN ACCOUNTANT


Town of Arlington Balance Sheet - December 31, 1962 GENERAL ACCOUNTS


ASSETS


LIABILITIES & RESERVES


Cash Petty Cash 937.00 $1,883,002.85


. $1,882,065.85


State & County Assessments:


Comm. of Mass. - General Accounts .$


$ 21,217.36


Accounts Receivable:


Poll Taxes - Levy 1960.


34.00


Poll Taxes - Levy 1961 .


944.00


Poll Taxes - Levy 1962.


1,586.00


2,564.00


Personal Property Taxes-Levy 1961 .


2,361.04


Personal Property Taxes-Levy 1962 .


8,993.00


11,354.04


Real Estate Taxes - Levy 1960.


70.67


Maintenance & Operation - Schools - P.L.874


65,879.03


Real Estate Taxes-Levy 1961 Cr. Bal. .


276.79


Real Estate Taxes-Levy 1962


100,876.68


100,670.56


Group Insurance


11,378.63


Motor Vehicle & Trailer Excise -


Taxes - Levy 1960


5,452.02


Motor Vehicle & Trailer Excise -


Agency:


Dog Licenses ·


74.50


Tailings - Unclaimed Checks .


4,160.97


Taxes - Levy 1962


152,294.60


182,461.58


Special Assessments:


9.76


1962 Moth


36.60


Unapportioned Sewer.


1,349.90


Apportioned Sewer Added to - 1962 Taxes.


360.10


Unapportioned Sidewalks


2,525.45


Library Trust Funds 142.65


Douglas Cemetery Lot 593.73


Irving Johnson Cemetery Fund 264.48


Ida Robbins Fund-Income Maint. Fund . 6,952.38


28,942.16


Premiums on Bonds & Notes .


1,869.72


Apportioned Street Betterments -


1,049.06


Unapportioned Water Mains


1,412.02


55,764.30


Committed Interest:


1962 Sewer Interest


105.36


1962 Sidewalk Interest


11.63


1961 Betterment Interest




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