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