USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1925 > Part 14
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Due to the advantages of interconnections with the large transmis- sion systems which are either now being made or are under considera- tion, it is not probable that rates will be higher. On the contrary it is reasonable to expect that they should be lower, as much of the power available will be generated by water rather than steam.
196
The question of continuing the generation of power at the Reading Plant is largely one of policy rather than cost. The cost of generating is more than the cost of purchasing. The necessary additional invest- ment at the plant if we continue to generate has been variously esti- mated from $90,000 to $135,000. Some citizens have expressed the opin- ion that it would be better for us to continue to generate for a few years, in the belief that more advantageous rates for purchased power would then be available. This of course may be, and is quite likely to be true. Whether we purchase or continue to generate, no increase in the present rates to consumers will be necessary, as the increased volume of business will take care of the expense.
I hope that all of our citizens will read this report and will be as- sured that the Municipal Light Board and Manager are and have been striving to serve them and the customers of the plant in the best pos- sible manner.
My estimate of the income and expenses for the year ending Decem- ber 31, 1926 is herewith submitted, together with data from the office records :
ESTIMATE FOR 1926 Expenses
Operation, Maintenance and Repairs
$153,610.00
Interest on Bonds and Notes
5,024.00
Depreciation at 4% on cost of plant
22,637.93
Bond Payments
9,500.00
Note Payments
3,300.00
Taxes
600.00
Uncollectible Operating Revenues
1,000.00
Total Expenses
$195,671.93
Income
From Sales to Private Consumers
$190,993.08
From Sundry Sales
500.00
From Tax Levy at Average Cost per KWH For Street Lights
$12,000.00
For Municipal Buildings
1,700.00
13,700.00
Total Income
$205,193.08
Respectfully submitted,
ARTHUR G. SIAS, Manager.
The manager's report as herewith submitted is approved.
HENRY R. JOHNSON,
HERBERT G. EVANS,
HARRY P. BAKER, Municipal Light Board.
197
DATA FROM RECORDS OF PLANT
Kilowatt hours manufactured 4,025,687
Kilowatt hours purchased
25,495
Kilowatt hours for Reading Street Lights 241,476
Kilowatt hours sold
2,848,309
Kilowatt hours used at station and office
383,152
Kilowatt hours unaccounted for 578,245
Coal used, net tons
6317.7
Average cost of coal per net ton
$6.358
Poles added
226
Feet of wire added
281,982
New services installed
523
Street Lamps installed
35
Connected Load December 31, 1925
Number of customers
4472
Horse power in motors
1395.2
Number of public street lights
1544
Number of private street lights
33
Reading
Number of customers December 31, 1925
2629
Number of 40 candle power public street lights
3
Number of 60 candle power public street lights
494
Number of 100 candle power public street lights
14
Number of 250 candle power public street lights
70
Number of 600 candle power public street lights
43
Number of 60 candle power private street lights
8
Number of 100 candle power private street lights
2
Number of 250 candle power private street lights
1
Horse power in motors 1202.4
Earnings for year
$123,663.52
Lynnfield Center
Number of customers December 31, 1925 324
Number of 40 candle power public street lights
131
Number of 40 candle power private street lights
3
Horse power in motors
19
Earnings for year
$9725.79
North Reading
Number of customers December 31, 1925
545
Number of 40 candle power public street lights
286
Number of 40 candle power private street lights.
9
Horse power in motors 130.5
Earnings for year $19,431.12
198
Wilmington Number of customers December 31, 1925 974
Number of 40 candle power public street lights 506
Number of 40 candle power private street lights 9
Horse power in motors 43.3
Earnings for year $32,672.29
COST OF DISTRIBUTION SYSTEM IN OUTSIDE TOWNS Lynnfield Center
Total Investment to December 31, 1925:
Poles, Fixtures and Overhead Conductors $ 17,622.54
Consumers' Meters 3,333.38
Line Transformers
2,329.36
Street Lighting Equipment
1,243.30
$ 24,528.58
North Reading
Total Investment to December 31, 1925:
Poles, Fixtures and Overhead Conductors
$ 42,446.50
Consumers' Meters
5,709.52
Line Transformers
4,805.22
Street Lighting Equipment
2,358.65
$ 55,319.89
Wilmington
Total Investment to December 31, 1925:
Poles, Fixtures and Overhead Conductors
$ 71,156.41
Consumers' Meters
8,140.54
Line Transformers
6,522.63
Street Lighting Equipment
3,931.78
$ 89,751.36
Total Investment-Outside Towns
169,599.83
Total Income-Outside Towns-1925
61,829.20
Earnings from Light and Power-5 Years
1921
1922
1923
1924
1925
Light
$107,342.66
$119,815.79
$121,697.50
$123,659.16
$129,679.78
Power
28,544.03
35,689.35
45,085.82
54,230.00
55.812.94
$135,886.69
$155,505.14
$166,783.32
$177,889.16
$185,492.72
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
Street Lights
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
1923
166,783.32
464.31
14,800.00
none
62,619.57
20,247.54 15,607.11
6,437.28 19,011.08
15,800.00
505,983.28
3
1924
177,889.16
1,373.72
12,000.00
none
61,286.63
25,898.28 30,817.91
6,174.57
20,136.30
15,800.00
530,147.28
1925
185,492.72
1,112.19
11,000.00
none
73,140.10
28,272.55 34,188.95 5,482.46
21,102.86
13,800.00
568,524.09
for
for
TABLE B
Year
K. W. H. Generated
K. W. H. Sold
K. W. H.
Delivered to
K. W. H. Used at
Station Stock Room
andApplianceRoom
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
154,337
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
182,141
2,247.8
3.741
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
204,894
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
336,791
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
1923
3,039,677
2,046,848
183,935
342,189
470,225
4577.7
8.94
3,666
1,494
1367.5
1924
3,572,588
2,463,602
209,738
392,281
506,967
5,379.5
6.503
4,058
1,537
1281.8
1925
4,051,182
2,848,309
241,476
383,152
578,245
6,317.7
6,358
4,472
1,572
1395.2
Note:
3520 K.W.H. purchased in 1923 from Lynn Gas and Electric Co.
495 K.W.H. purchased in 1925 from Lowell Electric Light Corporation
25,000 K.W.H. purchased ir 1925 from The Edison Elec. Illum. Co. of Boston
Reading St. Lights
201
TABLE C Manufacturing Costs Per K. W. H. Based on Total K. W. H. Delivered at Switchboard
Repairs and Other
Total
Year
Fuel
Labor
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
1923
.0134
.0057
.0014
.0205
1924
.00979
.0055
.00166
.01695
1925
.00991
.0054
.00272
.01803
TABLE D
Average Cost Per K. W. H. As Defined by Chapter 161, 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 1923 1924 1925
Operating Costs :
.0640 .0561 .0494 .0377 .0442
Fixed Costs :
.0330 .0278 .0185 .0138 .0131
Total Costs:
.0970 .0839 .0679 .0515 .0573
UNPAID BILLS DECEMBER 31, 1925
Dr.
Cr.
Addressograph Company
$ 34.06
Armstrong Cork and Insulation Co.
3.78
American Railway Express Co.
2.86
A. & J. M. Anderson Mfg. Co.
1.60
J. Brinton Bailey
19.43
Wendell Bancroft Co.
16.03
Beasley, Eastman Laboratories
1.99
Van I. Bennett
70.87
Boston & Maine R. R ..
703.67
202
George H. Buckminister Co.
2,346.54
Harry G. Burbidge
12.00
Carbolineum Wood Preserving Co.
41.25
Castner, Curran & Bullitt
8,718.29
Central Garage
36.95
Chandler & Farquhar Co.
13.08
Columbia Lamp Division
582.33
Condit Electrical Mfg. Co.
56.23
Cummings Express Co.
15.80
E. B. Currell & Son
19.31
The Cutler Hammer Mfg. Co.
1.13
Cutter & Wood Supply Co.
7.20
H. I. Dallman Company
31.18
Dyer Clark Company
127.16
Eagle Oil & Supply Company
41.18
Eastern Mass. Street Ry. Co.
37.75
Eastern Service Company
382.44
Edison Electric Appliance Co.
45.31
Edison Electric Illuminating Co.
627.68
Electric Blower Company
33.60
Electric Machine & Instrument Co.
11.20
E. M. Fay Electric Company
4.84
T. C. Fife
9.00
Fitzgerald Mfg. Company
.73
E. K. Flood
1.75
The Garlock Packing Company
27.00
General Electric Company
109.77
Globe Paper Company
5.30
Frank E. Gray
189.05
L. B. Renfrew Gray
52.92
F. S. Hardy & Company
211.06
H. L. Haseltine
3.50
Earl G. Hobart
33.10
Hobbs & Warren
15.05
The Hodge Boiler Works
9.50
India Alkali Works
29.15
Jenkins Brothers
24.87
Johns-Manville, Inc.
38.83
John Street Garage
2.75
Kelvinator Boston, Inc.
271.06
Kelvinator Corporation
23.35
Kenney Service Station
25.80
Library Bureau
22.26
A. J. Lindeman & Hoverson Co.
.36
Linscott Motor Company
188.13
D. F. Lorden
2,690.00
Mathias-Hart Co.
29.78
C
203
H. B. McArdle 115.04
McKenney & Waterbury C'o.
35.90
C. A. Mosso Laboratories
6.75
C. W. H. Moulton Co.
21.25
N. E. Tel. & Tel. Co.
222.16
The Oakes & Dow Co.
15.22
Olmsted Flint Corp.
8.06
Perrin Seamans Co.
12.75
R. V. Pettingell Elect. Supply Company
127.55
Pettingell-Andrews Co.
311.46
Prentiss & Parker
767.28
Reading Garage & Service Station
30.00
Reading Motor Company
31.99
Reading Tire Shop
5.25
Robbins Phalon Company
839.84
Rochester Germicide Co.
6.75
Scannell Boiler Works
2,267.95
C. Sevrens
10.00
M. W. Sargent
13.00
Simplex Elect. Heat Co.
71.93
Simplex Wire & Cable Co.
76.24
Spaulding Moss Company
3.58
Standard Oil Co.
282.80
Standard Underground Cable Co.
55.75
Star Brass Mfg. Co.
1.47
Stearns, Perry & Smith Co.
77.53
S. R. Stembridge Co.
66.90
Percy N. Sweetser
316.79
John Swen
1,368.00
W. E. & J. F. Twombly
98.70
Vye Smith Company
171.80
George H. Wahn Company
1,548.93
Waldo Bros. & Bond Co.
11.31
Wales Adding Machine Co.
17.25
Walker Dishwasher Corp.
3.52
Waterproof Paint & Varnish Co.
187.50
Welsbach Company of N. E.
7.79
Western Electric Company
68.13
Westingouse Electric & Mfg. Co.
2.92
Wetmore-Savage E. S. Co ..
316.63
C. H. Wheeler Mfg. Company
65.45
Woburn Machine Co.
61.69
$27,591.50
$ 200.12
200.12
$27,391.38
P
204
REPORT OF AUDITOR FOR YEAR 1925
February 3, 1926.
To the Municipal Lighting Board,
Reading, Mass.
Gentlemen :
In accordance with your order, we have examined the books and records of the Municipal Light Department for the year ended December 31, 1925, and submit herewith our report. Attached hereto and forming a part of this report will be found audited schedules as follows:
"A"-Balance Sheet-December 31, 1925.
"B"-Condensed Statement of Operations for the year 1925. "C"-Profit and Loss Account for the year 1925.
"D"-Detail of Operating Revenue for the year 1925. "E"-Detail of Operating Expenses for the year 1925. "F"-Bond and Note Schedule.
Plant Investment :
Additions to Plant Investment were carefully checked and found in proper order. The total Plant Investment as shown in Schedule "A" of this report, we believe, fairly represents the cost thereof less depreciation to date. Depreciation at 4% of the cost of the plant, less land values, was charged off during 1925 and properly recorded.
Petty Cash-$150.00:
There was loaned to the Municipal Light Department by the Town Treasurer, January 1, 1925, $150.00 to be used as a change and petty cash fund. This fund was counted on the evening of December 31, 1925, and found to be correct.
Consumers' Deposit Fund-$1,241.75:
The passbook of the Mechanics Savings Bank of Reading was exam- ined and found to agree with the books of the Department and amounting to the actual guarantee deposits outstanding. As advised in our 1924 report, interest on this balance has been withdrawn and credited to the proper account.
Accounts Receivable, Electric Consumers-$17,168.63:
An analysis of this account was made as at November 30, 1925, and found to be in agreement with control balance. From this analysis, a detail of all accounts ninety days or more in arrears was made and given to the Department as an aid in collecting these accounts. There was charged off as uncollectible $41.05.
.
205
Accounts Receivable, Miscellaneous-$17,897.81:
This account was also analyzed as above Electric Consumers accounts. No accounts were charged off as uncollectible during the year 1925.
Material and Supplies:
Physical inventories were taken as at December 31, 1925, by clerks of your department. Proper adjustments were made on the books to bring all material and supply accounts into agreement with the values shown by the inventories.
Prepaid Insurance-$850.66:
This account represents actual unexpired insurance premiums on policies covering the Municipal Light Department.
Bonds-$98,000.00:
Bonds to the amount of $9,500 were retired during the past year leaving $98,000.00 outstanding as at December 31, 1925, as shown by schedule "F" of this report. There were no issues during 1925.
Notes Payable-$13,500.00:
Notes to the amount of $4,300 were paid off during 1925, leaving a balance of $13,500 outstanding as at December 31, 1925. Schedule "F" of this report gives full detail of all Bond and Note Issues. There were no note issues during 1925.
Accounts Payable-$27,391.40:
This amount represents unpaid vouchers as at December 31, 1925. A detailed list was made of outstanding vouchers and was found to vary .02 with the control. This slight difference will be adjusted in January, 1926.
Consumers' Deposits-$1,241.75:
Individual deposits were checked and the total found to be in agreement with the amount shown above. This account has been adjusted during 1925 to conform with suggestions in our last year's report.
Due Town Treasurer-$7,503.18:
Representing vouchers paid by the Town Treasurer to be reimbursed during 1926 by the Municipal Lighting Department. $150.00 of this amount represents an imprest fund loaned the Lighting Department Jan- uary 1, 1925, and carried over by agreement instead of returned as in prior years.
Accrued Interest on Bonds and Notes-$1,190.90:
Representing actual accrued interest on Bonds and Notes Payable outstanding December 31, 1925.
Income-$185,965.97 :
Total electric operating revenue as shown in Schedule "B" represents an increase of $7,621.08 over 1924 and $19,529.85 increase over 1923 revenue.
206
Expenses-$156,704.46:
Total electric operating expenses as shown by Schedule "B" repre- sents an increase of $18,565.34 over 1924.
Conclusion :
The department has had a successful year as reflected in Schedule "C", net increase in surplus amounting to $10,039.71.
We wish to express our appreciation for the helpful assistance ren- dered by the employees of the department.
Respectfully submitted,
CHARLES E. STANWOOD & SONS, By Chas. E. Stanwood, Industrial Engineers and Public Accountants
F. J. Stanwood
W. W. Scott
SCHEDULE "A" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT BALANCE SHEET AS OF DECEMBER 31, 1925
Assets
Liabilities
PLANT INVESTMENT:
111 Land
$
2,575.80
113 Structures
20,900.09
302 Bonds $ 98,000.00
303 Notes Payable 13,500.00
Generating Plant-Steam:
114 Boiler Plant Equipment ..
38,419.85
Total Bonds and Notes. 111,500.00
CURRENT LIABILITIES:
308 Accounts Payable $ 27,391.40
309 Consumers' Deposits ..
1,241.75
312 Due Town Treasurer-Temp- orary Loan 7,503.18
Total Current Liabilities 36,136.33
ACCRUED LIABILITIES: 314 Interest on Bonds and Notes
1,190.90
lation
4,821.80
130 Line Transformers
34,196.58
APPROPRIATED SURPLUS: 322 Loans Repayment
234,400.00
131 Transformer Installations 3,354.69
Utilization Equipment :
132 Street Lighting Equipment
10,845.35
133 Consumers' Premises Equip- ment 293.99
Total Plant Investment $375,092.04
301 Appropriations for Construc- tion
$ 30,678.26
115 Prime Movers and Auxil- iaries
16,445.47
116 Turbo-Generator Units 25,645.47
117 Electric Plant-Steam .... 19,500.97
Transmission, Distribution and
Storage:
125 Poles, Fixtures and Over- head Conductors 161,895.37
128 Consumers' Meters
36,196.61
129 Consumers' Meter Instal-
Total Liabilities
$413,905.49
PROFIT AND LOSS: 400 Profit and Loss-Balance .... 48,066.04
General Equipment: 150 Office Equipment
$ 2,812.75 159 Transportation Equipment 3,950.00
Total Investments $381,854.79
CURRENT ASSETS:
204 Petty Cash Fund
$ 150.00
204-2 Construction Fund 0.00
205 Consumers' Deposit Fund
1,241.75
207-1 Accounts Rec'd Elec. Con-
sumers
17,168.63
207-2 Accounts Rec'd Misc. 17,897.81
Material and Supplies:
209-1 Material and Supplies- General
23,580.18
209-2 Station Tools & Appliances
471.77
209-3 Dist. Tools & Appliances
2,070.91
209-4 Printing & Office Supplies
656.62
209-6 Coal Supply-Electric ...
2,284.75
209-9 Station Supplies .
1,358.55
209-10 Lamps and Appliances . 12,385.11
Total Current Assets .. PREPAID ACCOUNTS: 213 Insurance General
$ 79,266.08
$ 850.66
Total Assets
$461,971.53
Total Liabilities and Surplus
$461,971.53
210
SCHEDULE "B"
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT CONDENSED STATEMENT OF OPERATIONS-12 MONTHS ENDED DECEMBER 31, 1925
REVENUE FROM SALE OF ELECTRIC ENERGY :
501-1 Commercial Incandescent Lighting Meter $103,826.67
501-2 Power for Motors 34,008.76
501-3 Heating and Cooking 19,367.32
504 Power for other Electric Companies 164.09
505-1 Public Incandescent Lighting 24,074.35
505-2 Municipal Lighting 1,614.67
505-3 Municipal Power 2,436.86
-
Total Revenue from Sale of Electric Energy
$185,492.72
REVENUE FROM MISC. ELECTRIC OPERATIONS:
508 Rent from Property Used in Operations 473.25
Total Electric Operating Revenue ..
$185,965.97
ELECTRIC OPERATING EXPENSES:
Production
$ 73,140.10
Transmission and Distribution
23,118.30
Utilization
5,154.25
Commercial
10,098.69
New Business
2,976.79
General and Miscellaneous
42,216.33
Total Electric Operating Expenses
$156,704.46
Net Operating Revenue
29,261.51
Ratio Operating Expense to Operating Revenue
.843
550 Uncollectible Operating Revenue . .
41.05
551 Taxes Assignable to Electric Operations 537.23
Net Operating Income
$ 28,683.23
NON-OPERATING INCOME:
560 Merchanidse and Jobbing Revenue
$ 497.89
563 Interest Income
141.05
Gross Income
$ 29,322.17
DEDUCTIONS FROM GROSS INCOME:
576 Interest on Bonds and Notes Payable ..
$ 5,482.46
$ 23,839.71
Net Income
211
SCHEDULE "C" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT
PROFIT AND LOSS ACCOUNT-12 MONTHS ENDED DEC. 31, 1925
401 Balance, January 1, 1925 $ 38,026.33
CREDITS:
Net Income (From Schedule "B") 23,839.71
Total
$ 61,866.04
LESS:
Bonds Paid
$ 9,500.00
Notes Paid
4,300.00
$ 13,800.00
400
Balance, December 31, 1925
$ 48,066.04
NET INCREASE IN SURPLUS FOR YEAR 1925 $ 10,039.71
SCHEDULE "D"
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT DETAIL OF OPERATING INCOME-YEAR 1925
COMMERCIAL INCANDESCENT LIGHTING METER:
Reading
$ 66,571.43
Lynnfield Centre
6,552.56
North Reading
9,949.87
Wilmington
20,752.81
$103,826.67
POWER FOR MOTORS:
Reading
$ 29,857.63
Lynnfield Centre
353.12
North Reading
2,842.93
Wilmington
955.08
34,008.76
HEATING AND COOKING:
Reading
$ 12,018.84
Lynnfield Centre
1,056.46
North Reading
2,871.92
Wilmington
3,420.10
19,367.32
212
PUBLIC INCANDESCENT LIGHTING:
Reading
$ 11,000.00
Lynnfield Centre
1,763.65
North Reading
3,766.40
Wilmington
7,544.30
24,074.35
POWER FOR OTHER ELECTRIC COMPANIES:
Wakefield
$ 42.12
Lowell
121.97
164.09
MUNICIPAL LIGHTING
1,614.67
MUNICIPAL POWER
2,436.86
Total Revenue from Sale of Electric Energy
$185,492.72
SCHEDULE "E" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT DETAIL OF OPERATING EXPENSES-YEAR 1925
PRODUCTION EXPENSES:
601-605 Labor
$ 21,892.19
606 Boiler Fuel
40,301.89
607 Water for Steam
188.53
608 Lubricants
260.33
609 Station Supplies and Expense
993.05
611 Maint. of Station Structures
326.74
612 Maint. of Boiler Plant Equipment
7,845.00
614 Maint. of Turbo Generator Units
503.53
615 Maint. of Electric Generating Equip.
61.58
616 Maint. of Accessory Electric Equip.
94.64
634 Electric Energy Purchased
672.62
$ 73,140.10
TRANSMISSION & DISTRIBUTION EXPENSES:
638 Operation of Trans. and Dist. Lines
$ 11,622.80
639 Trans. and Dist. Supplies and Expense .. 625.39
640 Inspecting and Testing Meters
1,212.51
641 Removing and Resetting Meters
860.19
642 Remov. and Resetting Transformers
511.24
647 Maint. of Trans. and Dist. Lines
7,935.82
65 Maint. of Consumers' Meters
152.17
651 Maint. of Transformers
198.18
$ 23,118.30
213
UTILIZATION EXPENSES:
654 Municipal Street Lamps-Labor
$ 1,083.32
655 Municipal Street Lamps- Sup. and Exp. 1,751.29
657 Maint. Municipal Street Lamps 906.24
659 Maint. Consumers' Installations 1,413.40
$
5,154.25
COMMERCIAL EXPENSES:
660 Commercial Salaries
$ 8,899.27
661 Commercial Supplies and Expense 1,199.42
$ 10,098.69
NEW BUSINESS EXPENSES:
662 New Business Salaries
$ 1,859.29
664 Advertising
1,117.50
$ 2,976.79
GENERAL AND MISCELLANEOUS EXPENSES:
666 Salary of Manager
$ 3,869.86
667 Salaries General Office Clerks
2,809.83
668 General Office Supplies and Expense
1,926.57
671 Insurance
4,184.75
673 Accidents and Damages
11.60
674 Store Expense
274.58
675 Transportation Expense
2,775.80
676 Inventory Adjustments
2,565.98
678 Depreciation
21,102.86
679 Misc. General Expense
2,694.50
$ 42,216.33
Total Electric Operating Expenses
$156,704.46
SCHEDULE "F" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT ORIGINAL ISSUE OF BONDS AND NOTES AND AMOUNTS OUTSTANDING DEC. 31, 1925
BONDS
No. of
Date Issued
Original Amount $ 50,000.00
Rate of Payments on Principal Interest
Date of Interest Payment .
Purpose
Amt. Outstanding Dec. 31, 1925
$1,000 yearly 10 yrs.
4
April-October
Establishing Plant
2nd
10- 1-07
26,000.00
1,000 yearly 26 yrs.
41/2
Apr. 1-Oct. 1
Additions
$ 8,000.00
3rd
7- 5-11
20,000.00
2,000 yearly 10 yrs.
4
January-July
Wilmington Lines
4th
10-15-13
23,500.00
1,500 yearly 9 yrs. 41/4
1,000 yearly 10 yrs.
Apr. 15-Oct. 15
Station
7,000.00
5th
9-15-14
8,000.00
500 yearly 16 yrs.
41/2
Mar. 15-Sept. 15
Reading
2,500.00
6th
5-15-16
10,000.00
500 yearly 20 yrs.
4
May 15-Nov. 15
New Construction
5,500.00
7th
10- 1-17
55,000.00
1,000 yearly 1 yr.
41/2
Apr. 1-Oct. 1
Additions
31,000.00
3,000 yearly 18 yrs.
8th
1- 1-19
12,000.00
1,000 yearly 4 yrs. 500 yearly 16 yrs.
41/2
Jan. 1-July 1
Additions
7,000.00
9th
4- 1-19
20,000.00
1,000 yearly 20 yrs.
434
Apr. 1-Oct. 1
Additions
14,000.00
10th
5- 1-20
20,000.00
1,000 yearly 20 yrs.
5
May 1-Nov. 1
Additions
15,000.00
11th
12- 1-23
10,000.00
1,000 yearly 10 yrs.
41/2
June 1-Dec. 1
Additions
8,000.00
$254,500.00
$98,000.00
Issue
1st
10- 1-94
2,000 yearly 20 yrs.
.
NOTES
1st
5- 1-96
$ 7,000.00
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