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