USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1922 > Part 17
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Maintenance of Accessory Elec. Equipment
229.71
2,201.79
Total Production Expenses
$ 55,137.36
Transmission, Distribution and Storage
Operation :
Operation of Transmission and Distribu- $ 3,755.50
tion Lines
Transmission and Distribution Supplies and Expenses
507.70
Inspecting and Testing Meters
853.71
1
Removing and Resetting Meters 562.92
Removing and Resetting Transformers
342.64
$ 6,022.47
Maintenance :
Maintenance of Transmission and Distribu- tion Lines
$ 11,354.90
Maintenance of Consumers Meters 145.56
Maintenance of Transformers
504.39
12,004.85
Total Transmission, Distribution and Stor-
age Expenses
$ 18,027.32
Utilization
Operation :
Municipal Street Lamps, Labor $ 743.24
Municipal Street Lamps, Supplies
and Ex-
penses
2,457.87
$ 3,201.11
295
Maintenance :
Maintenance of Municipal Street Lamps .. $ 505.74 Maintenance of Consumers Installations . . 738.87
.
Total Utilization Expenses
$
4,445.72
Commercial
Commercial Salaries
$
4,373.00
Commercial Supplies and Expenses 2,404.48
Total Commercial Expenses $ 6,777.48
New Business
New Business Supplies and Expenses $ 76.17
Advertising
36.00
Wiring and Appliances
21.93
Total New Business Expenses $ 134.10
General and Miscellaneous
Salaries of Municipal Light Board and Manager
$ 3,026.89
Salaries of General Office Clerks 2,080.00
General Office Supplies and Expenses
381.26
Law Expense, General
27.24
Insurance
2,118.83
Accidents and Damages
48.65
Store Expenses
273.24
Transportation Expenses
4,623.21
Inventory Adjustments
934.05
Depreciation
17,959.59
Miscellaneous General Expenses
105.04
Total General and Miscellaneous Expenses ..
$ 31,578.00
Grand Total Operating Expenses
$116,099.98
Income Statement for the Year
Operating Income:
Operating Revenue
$155,956.64
Operating Expenses
116,099.98
Net Operating Revenue
$ 39,856.66
Uncollectible Operating Revenues
$ 549.93
Taxes Assignable to Electric Operations
669.15
1,219.08
Net Operating Income
$ 38,637.58
1,244.61
296
Non-Operating Income:
Merchandising and Jobbing Revenue $ 224.44
Total Non-Operating Income
224.44
Gross Income
$ 38,862.02
Deductions from Gross Income:
Interests on Bonds and Notes $ 6,807.64
Total Deductions from Gross Income
6,807.64
Income Balance Transferred to Profit and
Loss
$ 32,054.38
Profit and Loss Statement
Credit Balance transferred from Income Account
$ 32,054.38
Debit Balance at beginning of Fiscal Period ... $ 3,813.25
Other Deductions from Surplus (Bonds and Notes Paid)
16,800.00
Balance carried forward to Balance Sheet 11,441.13
$ 32,054.38
$ 32,054.38
COMPARATIVE GENERAL BALANCE SHEET ASSETS Investments
Balance at
Beginning of year
Balance at Close of Year
Net Change
$337,142.59
Plant Investment
$344,670.95
$ 7,528.36
3,937.10
General Equipment
3,781.50
155.60
$341,079.69
Total Investments
$348,452.45
$ 7,372.76
Current Assets
$
3,506.09
Cash
$ 153.45
$ 3,352.64
856.90
Special Deposits
872.85
15.95
14,143.51
Accounts Receivable
18,071.12
3,927.61
29,573.18 Material and Supplies
26,403.34
3,169.84
$ 48,079.68
Total Current Assets
$ 45,500.76
$
2,578.92
Prepaid Accounts
Prepaid Insurance
$ 2,697.36
$ 2,697.36
Total Prepaid Accounts
$ 2,697.36
$ 2,697.36
297
Unadjusted Debits
$ 3,813.25
Profit and Loss Deficit
$ 3,813.25
3,813.25
Total Unadjusted Debits
$ 3,813.25
$392,972.62
Grand Total
$396,650.57
$ 3,677.95
COMPARATIVE GENERAL BALANCE SHEET Liabilities
Balance at Beginning of year
Balance at Closeof Year
Vet
Change
Appropriations
$ 30,678.26
Appropriations for Construction $ 30,678.26
Bonds and Notes Payable
$138,500.00
Bonds Payable
$133,000.00
$ 5,500.00
18,200.00
Notes Payable
13,900.00
4,300.00
$156,700.00
Total Bonds and Notes Payable
$146,900.00
$ 9,800.00
Current Liabilities
$ 23,876.86
Accounts Payable
$ 16,097.29
$ 7,779.57
856.90
Consumers' Deposits
872.05
15.15
$ 24,733.76
Total Current Liabilities
$ 16,969.34
$ 7,764.42
Accrued Liabilities
$
1,860.60
Interest Accrued
$ 1,661.84
$ 198.76
6,800.00
Town Treasurer, Loan
5,800.00
$ 8,660.60
Total Accrued Liabilities
$ 1,661.84
$ 6,998.76
Appropriated Surplus
$172,200.00
Loans Repayment
$189,000.00
$ 16,800.00
-
$172,200.00
Total Appropriated Surplus
$189,000.00
$ 16,800.00
Profit and Loss
Balance
11,441.13
11,441.13
$392,972.62
Grand Total
$396.650.57
$ 3,677.95
298
PLANT INVESTMENT ACCOUNTS-ELECTRIC
Balance at Additions Depreciation, Balance at Beginning during year of year
other credits during year
close of year
Plant Investment
Land
$ 2,575.80
$ 2,575.80
Structures
20,658.81
20,658.81
Boiler Plant Equipment
45,391.13
$ 440.17
$ 3,864.57
41,966.73
Prime Movers and Aux- iliaries
20,856.00
625.68
20,230.32
Turbo Generator Units
33,686.00
4.35
2,142.69
31,547.66
Electric Plant, Steam
21,231.91
821.07
636.96
21,416.02
Poles, Fixtures and Over- head Conductors
123,206.54
17,729.22 .
7,598.22
133,337.54
Consumers' Meters
25,268.82
3,247.52
1,010.74
27,505.60
Consumers' Meter Instal- lation
3,458.50
390.50
103.76
3,745.24
Line Transformers
24,635.29
2,142.37
1,108.58
25,669.08
Transformer Installation
3,402.50
92.50
102.08
3,392.92
Street Lighting Equipment 12,771.29
620.25
766.31
12,625.23
Total Plant Investment $337,142.59
$ 25,487.95
$ 17,959.59
$344,670.95
General Equipment
Office Equipment
$ 1,564.60
$ 416.90
$ 1,981.50
Transportation Equipment
2,372.50
$ 572.50
1,800.00
Total General Equipment $ 3,937.10
$ 416.90
$ 572.50
$ 3,781.50
Total Cost of All Prop-
erty
$341,079.69
$ 25,904.85
$ 18,532.09
$348,452.45
TOTAL COST OF PLANT
Cost of Land
$ 2,575.80
Cost of Structures
27,288.46
$ 29,864.26
Generating Plant, Steam :
Cost of Boiler Plant Equipment 63,591.90
Cost of Prime Movers and Auxiliaries 29,013.38
Cost of Turbo-Generator Units
46,870.83
Cost of Electric. Plant, Steam
30,373.93
169,850.04
Transmission, Distribution and Storage:
Cost of Poles, Fixtures and Overhead Con- ductors
176,226.08
Cost of Consumers Meters
37,654.04
₹
-
299
Cost of Consumers Meter Installation
4,841.06
Cost of Line Transformers 35,335.76
Cost of Transformer Installation
4,459.40
258,516.34
Utilization Equipment: Cost of Street Lighting Equipment
19,622.12
19,622.12
Total Cost of Electric Plant as shown by the
books
$477,852.76
CASH BALANCE AT CLOSE OF YEAR
Construction Fund
$
153.45
Depreciation Fund Account DEBITS
Balance at Beginning of Year
Amount transferred from Income $ 17,959.59
Total
$ 17,959.59
CREDITS
Amount expended for Construction Purposes
$ 17,959.59
Balance at close of year
Material and Supplies
Coal
$ 7,475.23
Oil
74.51
Electrical Appliances
5,570:32
Miscellaneous Materials and Supplies
13,283.28
Total
$ 26,403.34
Construction Fund DEBIT
Balance at beginning of year
Transferred from Depreciation Fund
$ 17,959.59
Transferred from Operation Fund 681.81
Appropriation
7,000.00
Total Debits $ 25,641.40
CREDIT
Amount Expended for Additions and Extensions $ 25,487.95
Balance at end of year
153.45
$ 25,641.40
300
Operation Fund DEBIT
Balance at beginning of year
$ 3,506.09
Received from sale of Electricity
135,970.68
Received from Appropriation for Street Lights
15,300.00
Received from miscellaneous items
17,955.75
Total Debits
$172,732.52
CREDIT
Expenditures for operating accounts
$130,483.48
Bonds Paid
12,500.00
Notes Paid
4,300.00
Interest Paid
6,807.64
Amount transferred to Depreciation Fund
17,959.59
Amount used for Construction
528.36
Balance transferred to Construction Fund
153.45
$172,732.52
Our business for 1922 shows that we have made a substantial gain over 1921.
The increase in kilowatt hours generated was 14.3% and the in- crease in kilowatt hours sold was 18.8%.
The amount of fuel used per kilowatt hour generated was 3.8% less than in 1921.
Income from lighting sales increased 10.4%, from power sales 16.4%, and from heating and cooking sales 24.1%. The total income from sales of electricity increased 14.4% over 1921.
The operating expenses, which under the new system of accounts include the depreciation, show an increase of 5%. The amount of Bonds and Notes outstanding has been reduced $9,800.00 and the special loan from the Town Treasurer of $6,800.00 has been paid.
The accounts payable have been reduced $7,779.57 and the balance of accounts receivable December 31st is $3,927.61 more than last year.
The Profit and Loss account, which last year showed a deficit of $3,813.25 now shows a surplus of $11,441.13.
The cost of manufacturing per kilowatt hour generated was 2.11 cents as compared with 2.4 cents in 1921, and is the lowest cost since 1916.
The average cost per kilowatt hour as defined by statute was 8.4 cents as compared with 9.7 cents in 1921, a decrease of 13.4%.
The kilowatt hours sent out on Reading Street Light circuits was 183,250 which multiplied by the average cost gives $15,393.00. The ap- propriation was $15,300.00.
The Center Street Light Circuit has been operated 3918 hours, and the following lamps were connected December 31, 1922: 54-60 candle
301
power, 6-100 candle power, 31-250 candle power and 25-600 candle power. The lamps on this circuit are burned all night and every night. The re- maining three circuits have been operated 3355 hours and had the fol- lowing lamps connected December 31, 1922: 425-60 candle power, 10-100 candle power and 28-250 candle power. The lamps on these circuits are burned all night but not on moonlight nights.
The Lynnfield Center and North Reading Street Light Circuits have been operated 1676 hours during the year. There are 395 public and 9 private lamps installed in these Towns, which burn on a midnight moon- light schedue. The Wilmington Street Light Circuit has been operated 2038 hours, and has 486 public and 5 private lights burning until 1 o'clock A. M. on a moonlight schdule. They are also burned mornings from 5 o'clock until daylight between October 15 and March 15.
The number of each size of street lamps renewed during the year was 1117-40 candle power, 757-60 candle power, 10-100 candle power, 136- 250 candle power, and 25-600 candle power.
We have installed during the year new street lights as follows: Reading 3, Lynnfield 9, North Reading 9, Wilmington 28, which includes 7 private lights.
The total increase in the number of customers connected on De- cember 31, was 295, divided by towns as follows: Reading 126, Lynnfield Center 26, North Reading 44, and Wilmington 99.
The three phase distribution lines have been extended to North Reading and Wilmington during the year.
The damage to the distribution lines caused by the sleet storm in 1921 has been repaired with the exception of a few comparatively short lines on side streets, which we plan to take care of the coming year.
One boiler at the plant which was installed in 1907 cannot be used with the present steam pressure and I recommend that it be sold.
The roof of the Power Station is in need of repairs, the estimated cost of which is $600.00. Repairs to the trestle have been ordered by the Railroad Company and these are estimated at $300.00.
A new boiler feed pump has been purchased for the plant and the generating equipment is in good condition.
The greatest demand on the Plant during the year was 830 kilowatts. The normal capacity of the Plant is 1300 kilowatts, with a maximum ca- pacity of 1500 kilowatts during the peak load.
With the exception of the renewal of one boiler, the present equip- ment should be sufficient for our requirements for three to five years.
The service pipe for the water supply at the Plant which I under- stand was put in in 1894 is in very poor condition and is too small for present requirements.
I recommend that a new 6 inch pipe be laid from the Town water main on Ash Street to the Plant and a hydrant be installed for fire pur- poses. The estimated cost is $500.00.
302
LAMP AND APPLIANCE DEPARTMENT
Our records show sales of the following appliances during the year : 3 Christmas Tree Lighting Sets, 3 Curling Irons, 11 Electric Water Pumps, 10 Fans, 55 Flat Irons, 2 Heating Pads, 1 Hot Plate, 39 Motors, 1 Percolator, 17 Radiators, 3 Ranges, 1 Sewing Machine, 2 Sewing Ma- chine Motors, 3 Soldering Irons, 6 Toasters, 26 Vacuum Cleaners, 3 Washing Machines, 3 Water Heaters, 1 Vibrator, 3 Grill Stoves or Table Stoves, 1 Chafing Dish, 1 Electric Sign, 1 Hair Dryer.
NEW BUSINESS
I am convinced that there is much additional business which can be obtained from the sale of current for cooking and water heating and I feel that special effort should be made to install, at least, 50 electric ranges on our lines the coming year. I feel confident that we can look for a substantial increase in the sale of current in 1923.
The operations of the Plant for the past year indicates that a sub- stantial reduction can be made in Lighting rates.
I recommend that a reduction of 2 cents per kilowatt hour in the maximum lighting rates be put into effect March 1, 1923. This will make the net lighting rate in Reading 9.9 cents and in the outside towns 11.7 cents.
My estimate for 1923, as required by law, is herewith submitted, and is followed by data from the records at the office, and a list of bills re- maining unpaid December 31, 1922.
ESTIMATE FOR 1923
Expenses
For operation, maintenance and repairs $114,600.30
For interest on bonds and notes . 6,588.75
For depreciation (4% on $475,276.96)
19,011.08
For bond payments
13,000.00
For note payments.
2,800.00
Taxes
700.00
Uncollectible Operating Revenues
300.00
Total Expenses
$157,000.13
Income
From sales to private consumers
$139,830.13
From sundry items .. 450.00
From tax levy (at average cost per K. W. H. as defined by Statute)
303
For street Lights
$ 14,800.00
For Municipal Bldgs.
1,920.00
Total to be appropriated
16,720.00
$157,000.13
Respectfully submitted,
ARTHUR G. SIAS, Manager,
WILLIAM G. LONG, HERBERT G. EVANS, HARRY P. BAKER,
Municipal Light Board.
DATA FROM RECORDS OF PLANT
Kilowatt hours manufactured 2,609,076
Kilowatt hours for Reading Street Lights 183,250
Kilowatt hours sold 1,583,716
Kilowatt hours used at station and office 276,477
Kilowatt hours unaccounted for 565,633
3,791.5
Average cost of coal per net ton $9.00
Poles added 265
Feet of wire added
253,770
Motors connected
21
New services installed
294
Street lamps installed
49
Connected Load December 31, 1922
Number of customers
3,234
Horse power in motors
1,197.5
Number of public street lights
1,463
Number of private street lights
18
Reading
Number of customers December 31, 1922 2,026
Number of 40 candle power public street lights
3
Number of 60 candle power public street lights
479
Number of 100 candle power public street lights
16
Number of 250 candle power public street lights
59
Number of 60 candle power private street lights
3
Number of 100 candle power private street lights
1
Horse power in motors
922.5
Earnings for year $106,425.37
Lynnfield Center Extension
Number of customers December 31, 1922 221
Number of 40 candle power public street lights 125
Number of 40 candle power private street lights 6
Number of 600 candle power public street lights
25
Coal used, net tons
304
Horse power in motors
37.5 Earnings for year $7,889.06
North Reading Extension
Number of customers December 31, 1922 304
Number of 40 candle power public street lights 270
Number of 40 candle power private street lights 3
Horse power in motors 154
Earnings for year $15,465.74
Wilmington Extension
Number of customers December 31, 1922 683
Number of 40 candle power public street lights
486
Number of 40 candle power private street lights 5
Horse power in motors
83.5
Earnings for year $25,724.97
COST OF DISTRIBUTION SYSTEM IN OUTSIDE TOWNS Lynnfield
Total investment to Dec. 31, 1922:
Poles, Fixtures and Overhead Conductors .. $ 16,148.22
Consumers Meters
2,439.94
Line Transformers
2,034.52
Street Lighting Equipment
1,234.88
$ 21,857.56
North Reading
Total investment to Dec. 31, 1922:
Poles, Fixtures and Overhead Conductors
$ 34,694.49
Consumers Meters
3,206.02
Line Transformers
4,128.00
Street Lighting Equipment
2,124.86
$ 44,153.37
Wilmington
Total investment to Dec. 31, 1922:
Poles, Fixtures and Overhead Conductors
$ 60,467.64
Consumers Meters
5,008.93
Line Transformers
4,810.82
Street Lighting Equipment
3,290.52
$ 73,577.91
Total Investment-Outside Towns Total Income-Outside Towns 1922
$139,588.84 49,079.77
Earnings from Light and Power-5 Years
1918
1919
1920
1921
1922
Light
$71,283.85
$ 86,221.78
$ 92,850.17
$107,342.66
$119,815.79
Power
17,812.24
29,072.32
33,301.94
28,544.03
35,689.35
$89,096.09 $115,294.10 $126,152.11 $135,886.69 $155,505.14
Note-The above table includes the income from the appropriation for street lights and Municipal Buildings.
TABLE A
Year
Income from
Sale of
Electricity
Income from Other Sources
Appropriations
from Tax Levy
Maintenance
Appropriations
from Tax Levy
Construction
Manufacturing
Expense
Distribution
and Utilization
Expense
Miscellaneous
Expense
Interest
Depreciation
Bond and
Note Payment
Total Cost
of Plant
December 31
1910
$25,668.87
$604.88
$10,000.00
$270.00
$13,228.57
$3,271.76 $4,429.32 $2,535.75 $3,556.00 $4,000.00 $135,992.62
1911
31,317.40
410.77
5,800.00
1,000.00
13,066.25
6,353.77
5,753.84
2,767.00
4,079.78
4,500.00
144,714.06
1912
37,171.93
599.07
5,000.00
5,500.00
17,546.87
5,605.41
5,605.18
3,018.21
4,143.80
7,200.00
173,091.96
1913
44,664.70
671.87
6,000.00
5,076.19
20,054.99
10,705.42 10,214.88
3,515.40
4,788.80
6,800.00
202,518.81
1914
49,799.75
791.14
4,500.00
4,132.07
19,014.03
7,784,82
8,697.05
4,453.33
6,051.08
9,000.00
233,509.58
1915
51,603.32
640.25
10,500.00
none
18,292.78
10,329.83
7,730.32
4,640.42
6,972.28
9,500.00
254,349.09
1916
61,900.01
911.69
5,000.00
none
22,261.19
13,986.22
8,316.39
4,704.99
7,597.47
10,800.00
269,898.27
1917
67,593.64
2,422.92
8,750.00
none
30,460.16
14,557.81 11,577.08
5,070.43
8,096.95
11,300.00
285,428.29
1918
78,096.09
1,537.86
11,000.00
none
41,006.13
13,572.51 11,311.54
6,882.24
8,529.85
14,800.00
348,871.08
1919
100,844.10
1,100.11
14,450.00
none
45,006.98
13,864.14 13,874.46
7,416.21 10,419.76
14,800.00
389,564.73
1920
126,152.11
1,094.66
11,000.00
none
56,187.74
17,085.95 17,142.48
7,850.70 15,507.13
18,300.00
421,048.20
1921
135,886.69
219.20
17,500.00
none
52,738.98
24,453.15 16,594.65
7,423.10 16,767.55
19,300.00
449.540.12
1922
155,505.14
451.50
15,300.00
none
55,137.36
22,473.04 38,489.58
6,807.64 17,959.59
16,800.00
477,852.76
for
for
TABLE B
Year
K. W. H. Generated
K. W. H. Sold
K. W. H.
Delivered to
Reading St. Lights
K. W. H. Used at
Station Stock Room
and ApplianceRoom
K. W. H.
Unaccounted For
Net Tons of Coal
Used
Average Cost of
Coal Per Ton
Number of
Customers
Number of Street
Lights
Horse Power in Motors
1910
698,597
300,861
227,100
16,269
154,367
1,748.3
3,461
738
269
116 1-2
1911
771,011
367,317
244,055
15,403
144,236
1,807.6
3.341
888
382
215
1912
919,282
481,801
242,033
13,307
182,1+1
2,247.8
3.74
1,078
698
242 1-4
1913
1,045,592
599,893
255,744
15,283
174,672
2,680
3.941
1,263
903
272
1914
986,476
578,709
187,590
15,283
204,8.)4
2,496.4
3.666
1,390
993
313 7-10
1915
980,688
548,607
156,505
10,403
265,173
2,298.2
3.578
1,599
1,181
381
1916
1,231,677
751,735
170,810
13,916
295,216
2,741.7
3.934
1,805
1,225
441
1917
1,291,216
812,507
168,535
12,464
297,710
3,086.7
6.348
1,964
1,295
492
1918
1,318,546
976,121
125,820
10,573
206,032
3,348.8
7.875
2,083
1,303
672
1919
2,056,834
1,358,028
172,948
189,067
336,7 91
3,640
7.517
2,333
1,339
886
1920
2,297,237
1,444,960
175,704
257,999
418,574
3,615
10.352
2,617
1,363
812.5
1921
2,193,092
1,471,698
178,892
146,206
396,296
3,308.4
10.171
2,939
1,473
1120.5
1922
2,609,076
1,583,716
183,250
276,477
565,633
3,791.5
9.00
3,234
1,481 .
1197.5
307
TABLE C Manufacturing Costs Per K. W. H. Based On Total K. W. H. Delivered at Switchboard
Total
Year
Fuel
Labor
Repairs and Other Station Expenses
Costs
1910
.0086
.0075
.0026
.0187
1911
.0078
.0069
.0021
.0168
1912
.0091
.0071
.0027
.0189
1913
.0101
.0070
.0020
.0191
1914
.0092
.0082
.0017
.0191
1915
.0085
.0087
.0013
.0185
1916
.0087
.0071
.0022
.0180
1917
.0144
.0075
.0015
.0234
1918
.0200
.0085
.0025
.0310
1919
.0133
.0066
.0019
.0218
1920
.0162
.0071
.0009
.0242
1921
.0153
.0077
.0009
.0240
1922
.0131
.0066
.0014
.0211
TABLE D
Average Cost Per K. W. H. As Defined By Chapter 164, General Laws
1912 1913 1914 1915 1916 1917 1918 1919 1920
Operating Costs:
.0397 .0483 .0362 .0586 .0467 .0577 .0538 .0509 .0558
Fixed Costs :
.0198 .0176 .0254 .0299 .0261 .0249 .0274 .0213 .0259
Total Costs:
0595 .0659 .0616 .0885 .0728 .0826 .0812 .0722 .0817
1921 1922
Operating Costs :
.0640 .0561
Fixed Costs :
.0330 .0278
Total Costs:
.0970 .0839
1
1
308
FOR
ACCOUNTED
STREET LIGHTING 9.53%
COMMERCIAL
27.57%
LIGHTI
N
CURRENT NOT ACCOUNTED FOR
AND
21.70 %
20.03%
COMMERCIAL POWER
10.60%
OFFICE
10.57%
GENERATED
STATION AND
COOKING
AND HEATING
ELECTRICITY
Figure 1 shows graphically in percentage of K. W. H.'s generated, the number sold, used and unaccounted for
309
ELECTRICITY
COOKING
AND HEATING
OF
STREET LIGHTING
5.30%
COMMERCIAL POWER 17.66 %
17.75%
SALE
59.29%
LIGHTING
COMMERCIAL
FROM
INCOME
Figure 2 shows graphically in percentage of income received from the different classes of service
310
LIST OF UNPAID BILLS
Andren, Karl Co.
$ 215.00
Ashcroft Mfg. Co., The
7.34
Bancroft & Co., Wendell
5.60
Bird Hill Garage
1.30
Blake Electric Mfg. Co.
45.00
Boston Index Card Co.
.90
Boston & Maine R. R.
476.85
Bistol Co., The
3.35
Browne Brothers
560.00
Buckminster, Geo. H. Company
1,780.00
Castner, Curran & Bullitt Inc.
5,723.63
Castner, Curran & Bullitt Inc.
943.78
Central Garage
38.00
Clapp & Leach
4.12
Columbia Lamp Division
507.47
Cummings Express Co.
14.20
Dallman, H. I. Company
16.00
Davis, Louis
10.00
Eastern Mass. St. Ry. Co.
81.20
Eureka Vacuum Cleaner Co.
663.75
Farley & McNeil
20.47
Foster-McDonald Co.
28.86
Garlock Packing Co.
4.84
General Electric Co.
285.43
Ham Electric Co., E. W.
360.09
Hardy & Co., F. S.
186.65
Hardy & Co., F. S.
508.91
Heath, Carroll R.
30.00
Hobbs & Warren
14.38
Hodge Boiler Works, The
2.75
Hoover Suction Sweeper Co., The
8.60
Lynnfield, Town of
427.50
Lewis Electric Supply Co.
26.10
Mathias-Hart Co.
16.68
Maxwell, J. M. & Son
5.26
National Carbon Co.
15.80
New England Products Co.
37.38
North Reading, Town of
154.50
Perkins-Carpenter Electric Supply Co.
598.64
Pettingell-Andrews Co.
88.86
Reading Garage Inc.
28.00
Reading Motor Co.
32.92
Reading Tire Shop
1,25
Refactum Incandescent Lamp Co.
33.00
Robbins-Phalon Co.
675.59
Roberts, Arthur E.
80.41
311
Standard Chemical & Supply Co.
17.82
Standard Oil Co. of N. Y.
157.45
Standard Oil Co. of N. Y.
65.74
Stembridge, S. R.
15.59
Sweetser, Percy N.
162.65
Temple, J. S. Co.
20.00
Triangle Sales & Service Co.
29.90
Twombly, W. E. & J. F.
55.33
Wahn, George H. Co.
3.17
Waldo Brothers & Bond Co.
17.10
Wales Adding Machine Co.
13.25
Waterproof Paint & Varnish Co.
62.50
Western Electric Co.
126.24
Westinghouse Electric & Mfg. Co.
91.44
Wetmore-Savage Co.
413.45
Woburn Iron Foundry Inc.
30.00
Woburn Machine Co.
34.70
$16,097.29
312
REPORT OF AUDITOR FOR YEAR 1922
February 16, 1923.
To the Municipal Light Board,
Reading, Massachusetts.
Gentlemen :
As requested, I have made an examination of the books of account and records of the MUNICIPAL LIGHT DEPARTMENT of the Town of Reading and submit herewith:
SCHEDULE A-Balance Sheet December 31, 1922.
SCHEDULE B-Condensed statement of Operations 12 months end- ed December 31, 1922.
SCHEDULE C-Profit & Loss Account covering 12 months ended De- cember 31, 1922.
SCHEDULE D-Detail of Operating Income for the year 1922.
SCHEDULE E-Detail of Operating Expenses for the year 1922. SCHEDULE F-List of Bonds and Notes-Original issue and amounts outstanding December 31, 1922.
and the following comments:
Cash In Banks
This was checked with the Town Accountant's records and a differ- ence of $4.00 was found as at December 31, 1922; this difference was rectified in January 1923.
Cash In Office
For the purpose of making change to customers and paying petty freight and express bills, there is loaned to the Light Department by the Town Treasurer each January 1st $150.00-$80.00 being used in var- ious parts of the office for making change, and $70.00 used for pay- ment of petty bills. On December 31st this money is returned to the Treasurer. All money in the office was verified by actual count on De- cember 30, 1922 and was found to be $14.53 over. This difference ac- cumulated as follows: Nov. 17, 1922 over $5.87, Dec. 26 over $3.55, Dec. 30, 1922 over $5.11, and could be accounted for by the loss of stubs from bills paid by customers. The writer suggests that these amounts be kept in the various cash drawers in separate envelopes for future disposi- tion.
Special Deposits
This account consists of Consumers' Deposit Fund and was verified with bank pass book and found to be correct.
313
Accounts Receivable
The customers' accounts were very carefully checked and the cor- rect balance set up on January 1, 1923. There are some old accounts that should receive immediate attention, and a detailed list of all open accounts was left at the Light office. Bad Debts were charged off on December 31, 1922 amounting to $549.93.
Material & Supplies
The various book accounts were adjusted to conform with physical inventories taken by the employees of the Light Department.
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