Town of Lynnfield, Essex County, Commonwealth of Massachusetts, annual report 1961-1970, Part 26

Author: Lynnfield (Mass.)
Publication date: 1961-1970
Publisher: The Town
Number of Pages: 1002


USA > Massachusetts > Essex County > Lynnfield > Town of Lynnfield, Essex County, Commonwealth of Massachusetts, annual report 1961-1970 > Part 26


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).


Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33 | Part 34 | Part 35 | Part 36 | Part 37 | Part 38 | Part 39 | Part 40 | Part 41 | Part 42 | Part 43 | Part 44 | Part 45 | Part 46 | Part 47 | Part 48 | Part 49 | Part 50 | Part 51 | Part 52 | Part 53 | Part 54 | Part 55 | Part 56 | Part 57 | Part 58 | Part 59 | Part 60 | Part 61 | Part 62 | Part 63 | Part 64 | Part 65 | Part 66 | Part 67 | Part 68 | Part 69 | Part 70 | Part 71 | Part 72 | Part 73 | Part 74 | Part 75 | Part 76 | Part 77 | Part 78 | Part 79 | Part 80 | Part 81 | Part 82 | Part 83 | Part 84 | Part 85 | Part 86 | Part 87 | Part 88 | Part 89 | Part 90 | Part 91 | Part 92 | Part 93 | Part 94 | Part 95 | Part 96 | Part 97 | Part 98 | Part 99 | Part 100 | Part 101 | Part 102 | Part 103 | Part 104 | Part 105 | Part 106 | Part 107


The choice of an architect to give form and substance to the building program was considered to be one of the most important aspects of the committee's work. After some preliminary screen- ing, selected candidates were interviewed and the Boston firm of Richmond and Goldberg was finally selected. This firm has had considerable previous library design experience.


At the outset, two conditions were placed upon the architect by the Committee.


1. The addition must blend with and effectively utilize, the two structures which presently com- prise the Main Library.


2. The design must harmonize with the existing architecture of the Town of Lynnfield and must also be of the same architectural style - Colonial.


After several reviews of preliminary sketches, a number of changes were requested; some in the interest of economy; some to improve efficiency of operation. The plans, as finally approved, pro- vide separate functional areas for children, young adult, adult and reference use. At the same time, these different areas are subject to central control and supervision as are the stack and study areas. Provision has also been made for a badly needed book processing space - a serious deficiency in the present plant.


Construction costs are a matter of vital interest to every building committee. In this instance additional complications were introduced because the alteration and repair of existing older buildings was involved, and the Library Building Committee was therefore particularly concerned that esti- mates be both accurate and comprehensive. In this case all construction cost estimates were pre- pared by a professional estimator of established competence who has had a long association with the architect. The final figures for the main proposal, and the various alternatives, were supported by substantial detail and documentation.


While preparation of preliminary plans was underway, an extensive topographic survey of the site was completed, test borings were obtained and percolation tests were performed. This data was made available to the architect prior to completion of final plans to ensure that construction cost estimates would be based on full and complete knowledge of actual site bearing and drainage conditions.


40


Finally, plans and cost estimates were reviewed with the Selectmen, the Finance Committee, the Planning Board, the Library Trustees and the Capital Outlay Committee. Subsequently, the Select- men, the Library Trustees, the Planning Board and the Finance Committee approved the plans and estimates with a stipulation in the case of the Selectmen, that one specific change be made.


ROBERT E. SPERRY Chairman


Insurance Advisory Committee


The Insurance Advisory Committee serves in a purely advisory capacity to the Selectmen. The purpose of this committee is to give the Selectmen a source of impartial advice on the Town's insurance program.


Members of the committee agree to serve with the understanding that they will not person- ally benefit, either directly or indirectly, through placement of the Town's insurance coverages. During 1963, all insurance policies in force on Town property were carefully examined. Changes in several of the contracts were negotiated resulting in better coverages in certain areas.


Mr. Richard Learnard and Mr. William Montgomery were appointed to the committee dur- ing 1963. Both have extensive experience in business insurance and have made important contri- butions to the work of the committee.


JOHN J. CAREY Chairman


Municipal Office Building Committee


The Building Committee is pleased to report that progress on the new Town Hall building is proceeding according to schedule. A months delay was encountered at the outset, as original bids were higher than monies appropriated. Bids were re-advertised and by accepting several deduct alternates, the Committee was able to sign contracts with the Beta Construction Co. At a later date monies were voted to complete the coupola of the new Town Hall.


It is now expected that the move to the new building should take place the last of February or the first of March.


One problem remains, that of removing the old Town Hall building and replacing same with a municipal parking area. It is expected that monies will be asked for this project at the annual town meeting in March.


The committee wishes to thank Mr. John Guarino, architect of the project for his interest and complete cooperation with the members of the Committee. Also many thanks to the many Town employees who have helped in many ways to lighten the load of the Committee and the Beta Con- struction Co.


We feel that the Town will be very proud of its new Municipal Office Building and should re- ceive many years of service and enjoyment from our new Town Hall.


JOHN B. RODGERS Chairman


--


Ground Breaking


Under Construction


41


ON


Finance Committee


Left to right: Richard Foulkes, William Mac Leod, Robert Fraser, William Sweetman, Walter Moynihan, (Chairman), Bayard Waring, Robert Jacobson, Proctor Coffin (Clerk), Warren Morton.


The regular Finance Committee report is published separately and distributed with this Annual Report. We urge you to digest its contents so you may come to the annual meeting a better informed voter. Our report is the only detailed information of the 1964 budget that you will receive. Your vote in town meeting sets your tax rate, plus the standards to be maintained in education, protec- tion, and services. In the few paragraphs contained here, we hope to bring special attention to other matters of general importance.


In recent years the many citizens who have participated in town government have generally felt there was need of change. Not a change from the basic democratic principles of New England town government, not a loss of citizen participation in all aspects of Lynnfield, but a recognition that times have changed and that there may be better methods of fulfilling the dictates of the townspeople. Although our population has increased manyfold in the last decade, we still have the same basic organization as a century or more ago when the town numbered in the hundreds.


This is a two million dollar corporation. It should conduct its affairs with the same view to- wards efficiency as industry. A corporation of this magnitude would be expected to pool its pur- chasing strength, to use modern accounting methods, to provide its officials with timely and com- plete financial data, have delegated lines of authority, eliminate overlapping and to relieve its top officials of detailed day-to-day operations.


These are some of the things which a group of fifteen citizens recommended after a two year study of Lynnfield's government. Submitted in February, 1962, it was well received but little has


43


been done since then to implement its recommendations. These proposals should be considered by the voters. Should they fail to be adopted it will at least clear the way for other ideas. We believe it to be a basically sound proposal. There may be details which could be amended but the princi- pal changes are overdue.


As an example of the need for accepted modern management principles, we refer to our 1963 budget recommendations. We proposed that the town acquire an accounting machine. The Finance Committee discussed this with the appropriate departments and believed it had the cooperation of all. This proved not to be so as the department heads opposed this article and it lost. There are four departments involved: Accountant, Treasurer, Tax Collector and Assessors.


Besides the usual human weaknesses, such as unwillingness to accept change, pride, loss of authority, and fear of job obsolescence, there is no single supervisory authority. Not even the Se- lectmen oversee all these functions so that difficulty of agreement becomes obvious. Such argue- ments as "town accounting is different than business" or "the State Director of Accounts won't permit its use" are meaningless when you realize our own school system uses such equipment. It has, in general, a more modern approach than the balance of our government. (The School Com- mittee sets policy. The School Superintendant has overall operating authority.) The continued use of the manual system of accounting cannot be justified when another area within our govern- ment can and does use machine methods successfully.


Another area of control which the Finance Committee believes warrants review is our policy on work records. Employees are not required to punch time clocks or turn in time sheets, nor gen- erally do department heads maintain logs of the hours worked by individuals. We are not ques- tioning the integrity of either employee or department head. We have confidence in our people. But they should not be put in a position where they can be subjected to criticism or where any doubt can be cast on their performance. Besides the obvious need for control of wage dollars, there is the value to be gained through better use of manpower. It is nearly impossible to deter- mine work loads and need for additional assistance under the present system. A professional ap- proach to day-to-day operations would overcome this problem.


We are concerned about the growing list of capital equipment. In 1962, the Police Depart- ment acquired an additional cruiser and in 1963, the Fire Department added a fire truck. In both cases, the Selectmen, as Commissioners of the respective departments, approved. Neither addition- al vehicle had been voted, only the replacement of existing vehicles. It is our opinion that the town in voting to purchase new equipment believed the old would be sold. This was not done as the budgets in the capital accounts had sufficient funds to make the purchases without selling the old equipment. It apparently is argued that the old equipment is worth more to the town than the dollars which would be derived for the sale of the second-hand equipment. This fails to recog- nize that it costs hundreds of dollars to register, insure, maintain, and operate these vehicles. We are not interested in the merits of owning the additional equipment. There may well be a val- id need. We strongly believe it is the town meeting and not the department head which decides what services will be provided and what equipment will be needed to furnish these services. The two cases cited are extreme but to lesser degrees there have been other cases where the intent of the town meeting was ignored.


The tone of this report is negative but it presents our desire to urge you to consider a more efficient organization. While this is our goal, it would be inaccurate to leave the impression of waste, inefficiency, or neglect. The integrity, dedication, and attitude of our employees and offici- als, is, in general, excellent. The return on our tax investment compares well with any community in the state. Your Finance Committee believes you can well be proud of your town government. We believe this performance with thoughtful participation of all can be improved upon.


44


Town Treasurer


TRUST FUNDS


George N. Blake Library Fund $ 4,000.00


Adelia J. Clough Library Fund


300.00


George L. Hawkes Library Fund 500.00


Mary U. Nash Library Fund 1,000.00


Mary U. Nash Improvement Fund 3,089.65


Various Cemetery Endowments 27,065.00


Interest on Cemetery Endowments 2,898.59


Legion Memorial Fund 2,188.00


Madge C. Ward Fund 1,000.00


EARNINGS AND DISTRIBUTIONS


George N. Blake Library Fund


Amount of Fund - January 1, 1963 4,000.00


Interest and Dividend for 1963 160.00


4,160.00


Withdrawn for Library Department 160.00


On Deposit December 31, 1963 4,000.00


Adelia J. Clough Library Fund


Amount of Fund - January 1, 1963 300.00


Interest and Dividend for 1963 12.00


312.00


Withdrawn for Library Department 12.00


On Deposit December 31, 1963 300.00


George L. Hawkes Library Fund


Amount of Fund - January 1, 1963


500.00


Interest and Dividend for 1963 20.00


520.00


Withdrawn for Library Department 20.00


On Deposit December 31, 1963 500.00


Mary U. Nash Library Fund


Amount of Fund - January 1, 1963 1,000.00


Interest and Dividend for 1963 40.00


1,040.00


Withdrawn for Library Department 40.00


On Deposit December 31, 1963 1,000.00


Madge C. Ward Library Fund


Amount of Fund - January 1, 1963 1,000.00


Interest and Dividend for 1963 40.00


1,040.00


Withdrawn for Library Department 40.00


On Deposit December 31, 1963 1,000.00


Mary U. Nash Improvement Fund


Amount of Fund - January 1, 1963 2,969.71


Interest - Wakefield Savings Bank 49.00 Interest - Mechanics Savings Bank 70.16


3,089.65


On Deposit December 31, 1963 3,089.65


Wakefield Savings Bank $1,282.32 Mechanics Savings Bank $1,807.33


3,089.65


Legion Memorial Fund


Amount of Fund - January 1, 1963 2,103.04


Interest and Dividend for 1963 84.96


On Deposit December 31, 1963 2,188.00


TREASURER'S RECEIPTS


James Reed Fund 27.60


George Blake Fund 160.00


A. J. Clough Fund 12.00


G. L. Hawkes Fund 20.00


Mary U. Nash Fund 40.00


Susan Brown Fund 34.08


Emerson Fund 226.00


Madge Ward Fund 40.00


New Endowments


1,050.00


Sale of Cemetery Lots 830.00


Interest on Endowments Withdrawn 2,598.59


Miscellaneous Cemetery Department Receipts 1,289.00


Dividend on Town Insurance


2,020.41


Interest - Treasury Bills 619.50


Borrowed on Notes (1 year)


893,855.38


Interest on Notes


6,144.62


Sale of Bonds


2,300,000.00


Interest on Bonds


16,192.46


Stabilization Fund Interest


9,127.54


School Blue Cross Refund - Double Coverage 188.28


Sale of Land


1,000.00


Withholding Tax - Federal


181,387.36


Withholding Tax - State 17,053.59


Essex County Retirement 20,852.37


Blue Cross - Town Employees 4,671.98


Blue Cross - Retired Employees


144.52


Group Insurance - Town Employees


374.68


Group Insurance - Retired Town Employees 4.68


Teachers Retirement


37,672.53


Blue Cross School Employees 9,441.42


Group Insurance - School Employees 930.96


Sale of Ambulance 50.00


Board of Appeals Fees 620.00


Fire Department Permits 30.50


45


Board of Health


68.00


Planning Board Fees


15.00


Income Tax


12,684.00


English Speaking Classes 3.75


- Loss of Taxes


2,042.00


Meal Tax - Corporation


1,805.64


Dog Licenses


2,035.00


Medical Aid for Aged


10,954.15


Mentally Retarded - Summer Recreation 68.24


National Defense Education - Title V


130.90


Old Age Assistance 4,131.15


Public Law 874 3,999.00


School Aid - Building Assistance


78,358.42


School Aid - Chap. 70


100,417.74


Rent of Town Buildings


1,456.85


O. A. A. Reimbursements


1,346.89


O. A. A. Recovery Account


1,482.77


A. D. C. Payments - Court


70.00


State Aid for Free Public Libraries


2,099.50


Building Permits


4,558.00


Cesspool Permits


605.00


Plumbing Permits


815.00


Wiring Permits


720.75


Sale of Cord Wood by Highway Dept.


45.00


Miscellaneous Reimbursements


1936.37


Sale of Books - Zoning, By Laws Street Books


495.50


School Tuition


88.00


Summer School Tuition


5,092.00


Sale of School Lunches


67,542.73


Athletic Receipts


2,974.47


Driver Education, School Dept.


3,965.00


School Library Fines


54.00


Miscellaneous School Receipts


1,112.26


Rent of Schools


2,935.51


ESSEX COUNTY


Chapter 90 Roads


5,500.00


Care and Feed of Dogs


135.00


Dog License Refund


1,434.84


TAXATION


Real Estate


1,499,986.43


Personal Property


65,848.67


Poll Tax


4,736.00


Motor Vehicle


216,980.97


Farm Animals


28.33


Costs - Interest


1,524.82


Lien Certificates


887.00


COMMONWEALTH OF MASSACHUSETTS


Aid to Dependent Children


1,876.58


Chapter 90 Construction


11,000.00


Corporation - Business Tax


34,421.57


Disability Assistance


1,451.77


FEDERAL GRANTS


Aid to Dependent Children


2,951.03


Disability Assistance


1,527.02


Medical Aid for Aged


14,464.43


Old Age Assistance


16,157.85


Title III A


525.57


Title V


481.95


Public Law 874 - School


15,347.00


TAX TITLES


Real Estate


1,731.26


Interest Costs, etc.


115.06


Low Value Costs


49.13


Lynnfield Center Water District


12.05


Interest Costs, etc.


.43


Lynnfield Water District


25.80


Interest Costs, etc.


2.16


Total Receipts for 1963


$5,823,916.76


Cash on hand January 1, 1963


653,548.96


Total for 1963


$6,477,465.72


Paid by Warrants


$3,862,140.14


BALANCE


DECEMBER 31, 1963


$2,615,325.58


Sale of Dogs to Harvard Medical School


27.00


Peabody Court Fines


135.20


Gasoline Storage Registrations


14.00


Bowling Alley Licenses


105.00


Liquor Permits


11,000.00


Miscellaneous Permits


817.00


School Aid - Income Tax


8,400.00


School Aid - Chap. 69 and 71


9,937.15


School Lunch Fund


25,363.14


State Withholding Tax Reimbursement 291.60


Veterans Services


2,319.03


Vocational Education


655.50


National Defense Education - Title III


3,249.83


Highway - Section 4, Chapter 782, Acts of 1962 9,143.34


Tuition, Dept. of Public Welfare


(Division of Child Guardianship)


976.57


Gun Permits - Police


194.00


Library Fines


2,052.85


Sealer, Weights and Measures


49.70


High School Transportation 25,164.49


HARRY W. HIGGINS Treasurer


46


Theodore C. Palizzolo


Town Accountant BALANCE SHEET DECEMBER 31, 1963 LIABILITIES AND RESERVES


Loans Authorized & Unissued $ 110,000.00 State and County Assessments County Tax 642.97


Payroll Deductions Group Insurance 15.56


Surplus War Bonus Fund and Accumulations 2,188.00


Recoveries Old Age Assistance


837.88


Federal Grants


Aid Dependent Children Administration 2,693.82


Disability Assistance Administration 815.23


Assistance 147.15


General


$2,615,314.77


Special Surplus War Bonus


2,188.00


Advances for Petty Collector


50.00


Public Law #85-874 16,902.35


21,737.46


School


100.00


150.00


Revolving Funds School Lunches 4,939.92


Accounts Receivables


Levy of 1962


Real Estate


6,836.21


Personal


6.10


Poll


2.00


Levy of 1963


Real Estate


45,155.16


Personal


1,468.78


Poll 140.00


53,608.25


Motor Vehicle and Trailer Excise


Levy of 1961 98.27


Levy of 1963 22,730.28


32,486.27


Levy of 1962 2,101.88


66,717.24


Special Tax Revenue


337.50


Trailer Excise 66,717.24


Tax Titles and Possessions


Special Assessment 332.80


Tax Titles 7,098.19


Tax Possessions


5,062.78


12,160.97


Departmental


Old Age Assistance


State & County Aid Highways 16,500.00 97,273.01


Cities and Towns


84.51


Reserved for Petty Cash Advances


150.00


Veteran Benefits 799.11


Aid Dep. Children


678.38


1,562.00


State Aid to


Highways 11,000.00


Personal Tax of 1961 20.50 25.20


County Aid to Highways


5,500.00


16,500.00


Loans Authorized


110,000.00


Bond Premium 9,154.50


10,992.41


Underestimate 1963 Assessments State Recreation Areas


482.54


Surplus Revenue 141,280.50


$2,879,021.27


$2,879,021.27


ASSETS


Cash


Old Age Assistance 2,192.89


Medical Assistance 287.10


6,136.19


School


Public Law #85-864 4,835.11


School Athletics 2,930.59


7,870.51


Appropriation Balances


Revenue - General 60,536.72


Non Revenue Loan Balances Mun. Office Bldg. 129,464.80


Sr. High School 2,143,042.16


2,333,043.68 4,382.25


Sale of Cemetery Lots & Graves


14,492.99


Reserve Fund - Overlay Surplus Overlays Reserved for Abatements Levy of 1962 9,755.99


Levy of 1963 64,517.09


Revenue Reserved Until Collected Motor Vehicle and


Departmental 1,562.00


Tax Titles and Possessions 12,160.97


Overpayments to be Refunded Estates of Deceased Persons 4.70


Receipts Reserved for Appropriation Group Ins. Premium 1,837.91


Stabilization Fund 95,466.39


47


ANALYSIS OF ACCOUNTS 1963


Available Funds


Transfers In


Transfers Out


Expen- ditures


Balance


General Government


Selectmen


$ 10,145.90


9,027.10


1,118.80


Accountant


5,719.00


5,445.44


273.56


Treasurer


7,245.00


7,197.41


47.59


Collector


11,260.00


10,896.58


363.42


Assessors


28,818.00


150.00


18,136.19


10,831.81


Other Finance


Offices


5,750.00


4,580.91


1,169.09


Counsel


4,300.00


3,360.00


940.00


Clerk


6,574.00


200.00


6,701.54


72.46


Registrars


2,495.00


840.00


3,296.40


38.60


Planning Board


3,680.00


2,262.00


1,418.00


Appeal Board


375.00


344.34


30.66


Municipal Buildings


19,910.00


2,260.00


22,000.92


169.08


Mun. Bldg. Comm.


5,328.36


984.67


4,343.69


Const. Mun. Office


205,000.00


13,000.00


88,535.20


129,464.80


Tax Title Proceedings


400.00


381.70


18.30


Wage Study Comm. ...


60.00


6,000


Protection of Persons & Property


Police


140,915.00


5,600.00


145,861.04


653.96


Fire


52,005.00


4,250.00


34,883.68


1,371.32


Civil Defense


4,394.19


4,038.52


315.67


Building Inspector


3,341.50


273.50


3,572.20


42.80


Wire Inspector


660.00


584.57


75.43


Dog Officer


1,050.00


855.68


194.32


Tree & Moth


23,239.00


22,446.22


792.78


Sealer


230.00


207.44


22.56


Hydrant Rental


8,900.00


8,900.00


Health and Sanitation


Board of Health


2,702.00


2,338.94


363.06


Sanitarian


1,470.00


1,470.00


Animal Inspector


100.00


90.60


9.40


Plumbing Inspector


850.00


611.25


238.75


Refuse Collection


18,968.00


18,916.66


51.34


Garbage Collection


9,000.00


9,000.00


Patients at San.


200.00


133.50


66.50


Highways


Highway Maint.


141,895.00


2,051.00


141,116.31


2,792.69


Chapter 90 Const.


22,000.00


22,000.00


Street Lighting


27,500.00


26,739.26


760.74


Art. 11 Storm Drains


13,111.00


12,696.12


414.88


Chapter 782 Const. ...


9,143.34


8,640.23


503.11


Layout Underhill Rd.


500.00


500.00


Const. Underhill Rd.


10,000.00


4,733.97


5,266.03


Storm Drains Art. 3


3,029.79


3,029.79


Gasoline


7,500.00


7,364.33


135.67


Charities


Old Age Admin.


6,020.00


3,120.51


6,064.30


3,076.21


Old Age Assistance


7,500.00


19,832.72


21,373.89


5,958.83


Medical Aid for Aged


20,000.00


14,552.97


29,220.82


5,332.15


Disability Assistance


7,500.00


1,156.50


2,825.75


5,830.75


Public Welfare


6,140.00


4,619.54


1,520.46


48


Available Funds


Transfers Out


Transfers


Expen- ditures


Balance


Aid Dep. Children


5,600.00


1,888.05


5,717.65


1,770.40


Veteran Benefits


6,350.00


67.67


4,901.74


1,515.93


A.D.C. Admin.


14,257.90


1,268.03


2,693.82


Disability Admin.


444.71


370.52


815.23


Education


Schools


1,114,539.00


23,999.42


1,133,708.61


4,829.81


Sr. High Bldg. Comm.


1,884.27


727.94


1,156.33


Const. Sr. High School


2,625,000.00


271,957.84


2,353,042.16


School Bldg. Comm. ...


611.87


611.87


Future School Site


395.23


395.23


Elem. School Plant


Planning


45.00


45.00


Athletic Fund


30,658.83


2,974.47


3,109.71


2,930.59


Public Law No. 874


28,437.69


19,346.00


22,746.89


8,134.45


16,902.35


National Defense III


1,389.19


3,775.40


2,434.15


2,730.44


National Defense V


1,944.46


612.85


452.64


2,104.67


Hot Lunch


1,061.17


97,905.87


94,027.12


4,939.92


Library


35,350.00


498.00


35,390.65


457.35


Library Bldg. Comm.


5,000.00


4,457.60


542.40


Unclassified


Memorial Day


500.00


481.95


18.05


Town Insurance


22,700.00


22,698.38


1.62


Group Insurance


26,716.50


18,013.92


8,702.58


Conservation Fund


4,429.72


135.97


4,293.75


Old Meeting House


1,315.00


1,315.00


Control Algae Weeds


9,600.00


5,000.00


4,600.00


Laubner Property


4,401.76


20,500.00


20,500.00


4,401.76


Reserve Fund


25,000.00


17,143.69


7,856.31


Melch Property


700.00


700.00


Parks and Cemeteries


Cemetery Maint.


16,228.00


1,032.00


16,835.84


424.16


Suntaug Parks


900.00


821.98


78.02


Little League Parks


350.00


350.00


Repurchase of Graves


175.00


175.00


Interest and Debt


Interest


60,750.00


59,889.62


860.38


General Loans


170,000.00


170,000.00


Temporary Loans


900,000.00


900,000.00


Bond Premium


14,608.00


5,453.50


9,154.50


Agency and Trust


State Parks


3,911.01


4,393.55


482.54


Auditing Mun. Accts.


2,166.78


2,166.78


County Tax


29,857.48


29,214.51


642.97


T. B. Assessment


5,221.15


5,221.15


Ret. Assessment


35,900.00


35,888.40


11.60


State Income Tax


17,053.59


17,053.59


Federal Income Tax


181,387.36


181,387.36


Employee Blue Cross


15,568.24


15,552.68


15.56


Teacher Retirement


37,682.53


37,682.53


Essex Retirement


20,852.37


20,852.37


Firemen's Pension


1,000.00


1,000.00


Stabilization Fund


263,949.85


9,127.54


177,611.00


95,466.39


Dog License Fees


2,062.00


2,062.00


Cemetery Perp. Care


1,111.68


1,111.68


49


In


Available Funds


Transfers In


Transfers Out


Expen- ditures


Balance


Real Estate


8,265.12


Personal


24.70


Motor Vehicle


8,006.39


8,006.39


Water District


37.97


37.97


Estimated Receipts


8.09


8.09


$6,571,131.58


$251,353.02


$217,501.58


$3,862,140.14


$2,742.842.88


RECAPITULATION OF DEBT ACCOUNT


Purpose of Loan


Outstanding Dec. 31, 1962


Paid In 1963


Outstanding Dec. 31, 1963


Principal Due 1964


Interest Due 1964


Salem Street School


1950-1969


$ 80,000.00


$ 15,000.00


$ 65,000.00


$ 15,000.00


$ 1,137.50


Junior High School


1953-1972


545,000.00


55,000.00


490,000.00


55,000.00


10,290.00


Summer Street School 1956-1975


260,000.00


20,000.00


240,000.00


20,000.00


4,830.00


Addition Junior High 1957-1976


670,000.00


50,000.00


620,000.00


50,000.00


19,220.00


Huckleberry Hill School 1960-1979


480,000.00


30,000.00


450,000.00


30,000.00


13,920.00


Senior High School


1964-1983


None


None


2,150,000.00


110,000.00


66,650.00


Municipal Building


1964-1973


None


None


150,000.00


15,000.00


4,650.00


TOTALS


$2,035,000.00


$ 170,000.00


$4,165,000.00


$ 295,000.00


$ 120,697.50


TRUST AND INVESTMENT ACCOUNTS


Trust and Investment Funds Cash and Securities


In Custody of Treasurer


$ 4,000.00


In custody of Treasurer


134,833.44


G. Blake Fund A. Clough Fund


300.00


In custody of State Treasurer


1,000.00


G. Hawkes Fund


500.00


In custody of Library


4,634.55


M. A. Nash Fund


1,000.00


In custody of


M. U. Nash Fund


3,089.65


M. C. Ward Fund


1,000.00


H. P. Emerson Fund


4,592.30


Cemetery Trust Fund


29,519.65


In Custody of Trustees


1,839.60


Stabilization Fund


95,466.39


$141,307.59


$141,307.59


DEBT ACCOUNT


Net Funded or Fixed Debt Inside Debt Limit General


$1,125,000.00


Schools Municipal Building


150,000.00


Outside Debt Limit General


3,040,000.00


Outside Debt Limit Schools




Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.