USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1926 > Part 15
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1,244.09
$ 25,379.31
North Reading
Total Investment to December 31, 1926:
Poles, Fixtures and Overhead Conductors $ 45,085.11
Consumers' Meters
6,510.64
Line Transformers 5,464.85
Street Lighting Equipment
2,454.75
$ 59,515.35
Wilmington
Total Investment to December 31, 1926:
Poles, Fixtures and Overhead Conductors
$ 75,859.75
Consumers' Meters 9,367.72
Line Transformers 7,101.11
Street Lighting Equipment
3,978.00
$ 96,306.58
Total Investment-Outside Towns
. .
$181,201.2+
Total Income-Outside Towns-1926
70,774.34
Earnings from Light and Power-5 Years
1922
1923
1924
1925
1926
Light
$119,815.79
$121,697.50
$123,659.16
$129,679.78
$143,872.22
Power
35,689.35
45,085.82
54,230.00
55,812.94
58,083.81
Totals
$155,505.14
$166,783.32
$177,889.16
$185,492.72
$201,956.03
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
Production
Distribution
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
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
1926
201,956.03
467.05
12,000.00
none
88,478.94
29,349.46
31,167.10
5,100.14
22,637.93
12,800.00
615,915.35
for
for
Expense
and Utilization
TABLE B
Year
K. W. H. Generated
K. W. H.
Purchased
K. W. H. Sold
K. W. H.
Deilvered to
Read'g St. Lights
K. W. H. Used to
Stat'n Stock Room
& Appliance Room
K. W. H.
Unaccounted for
Net Tons of
Coal Used
Average Cost of
Coal Per Ton
Number of
Customers
Number of
Street Lights
Horse
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
182,141
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
1,120.5
1922
2,609,076
1,583,716
183,250
276,477
565,633
3,791.5
9.00
3,234
1,481
1,197.5
1923
3,039,677
3,520
2,046,848
183,935
342,189
470,225
4,577.7
8.94
3,666
1,494
1,367.5
1924
3,572.588
2,463,602
209,738
392,281
506,967
5,379.5
6.503
4,058
1,537 /
1,281.8
1925
4,051,182
25,495
2,848,309
241,476
383,152
578,245
6,317.7
6,358
4,472
1,572
1,395.2
1926
3,600,580
819,787
3,071,944
249,386
366,352
732,685
5,740.2
6.488
4,786
1,602
1,429
Power
203
TABLE C
Manufacturing Costs Per K. W. H. Based on Total K. W. H. Delivered at Switchboard
K. W. H.
Year
Purchased
Fuel
Labor
Repairs and Other Station Expenses
Total 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
,0,162
.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
1926
.0285
.01034
.0056
.00212
.0200
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 1923 1924 1925 1926
Operating Costs :
.0640 .0561 .0494 .0377 .0442 .0448
Fixed Costs :
.0330 .0278 .0185 .0138 .0131 .0129
Total Costs:
.0970 .0839 .0679 .0515 .0573 .0577
UNPAID BILLS
Dr.
Cr.
H. L. Abbott
$ 2.00
$
Addressograph Co.
3.09
Aetna Electric Appliance Co.
21.66
American Railway Express Co.
14.84
Karl Andren Co.
52.11
Automatic Electric Heater Co.
12.20
204
J. Brinton Bailey
519.17
W. Bancroft Co.
17.49
Van I. Bennett
15.84
Boston & Maine Railroad
632.30
C. Bowen
.60
Braman Dow Co.
6.99
Bristol Co.
7.80
George H. Buckminister Co.
2,504.21
Builders Iron & Steel Co.
161.55
Castner, Curran & Bullitt, Inc
9,320.54
Century Electric Company
2.03
Chandler & Farquhar Co.
10.04
A. W. Chesterton Co.
4.42
Clapp & Leach, Inc.
48.97
Crandall Packing Co.
2.77
Cummings Express Co.
22.60
E. B. Currell & Son
32.79
H. I. Dallman Co.
22.01
L. W. Dickinson & Son
1.47
Charles Doyle
6.25
Dyer Clark Co.
271.43
Eagle Oil & Supply Co.
29.98
E. W. Eames
40.00
Eastern Service Company
83.95
Edison Electric Appliance Co.
.25
Edison Electric Illuminating Co.
1,884.03
Electric Blower Co.
17.87
Electric Machine & Instrument Co.
94.50
Eureka Vacuum Cleaner Co.
551.76
T. C. Fife
1.19
Francis Bros.
8.51
Garlock Packing Co.
9.27
General Electric Co.
285.40
Globe Paper Co.
1,39
L. B. Renfrew Gray
20.14
Graybar Electric Co.
47.39
F. S. Hardy & Co.
326.57
E. E. Harnden
82.54
Hart & Hegeman Mfg. Co.
.73
Hayes Pump & Machinery Co.
24.15
Hobbs & Warren
14.57
Hodge Boiler Works
26.12
Howe & French, Inc.
71.91
India Alkali Works
15.90
Jenkins Bros.
45.68
Johns-Manville, Inc.
8.87
205
John Street Garage
13.00
Kelvinator Boston, Inc.
274.17
D. M. Laffin
9.00
Landers, Frary & Clark
68.10
Lewis Electrical Supply Co.
50.79
Linscott Motor Co.
5.36
Lowell Electric Light Corp.
7.47
Lumsden & Van Stone Co.
188.24
Magee Furnace Co.
7.19
Mathias-Hart Co.
33.35
J. M. Maxwell, Jr. & Son
23.28
H. B. McArdle
43.05
The Miller Co. .
10.50
D. O. Miller Co.
18.17
Frank W. Morse Co.
1.07
Myers Auto Supply Co.
85.94
New England Iron Works
13.48
New England Lamp Division
1,340.62
New England Tel. & Tel. Co.
299.43 .
Olmstead Flint Co.
2.15
Perrin Seamans Co.
6.84
R. V. Pettingell Elec. Supply Co.
158.21
Pettingell-Andrews Co.
551.60
Portland Stone Ware Co.
191.00
Robbins Phalon Co.
806.63
Rochester Germicide Co.
13.50
Ryan & Buker, Inc.
247.80
Reading Motor Co.
19.78
Reading Tire Shop
1.50
Sager Electrical Supply Co.
15.81
The Savogran Co.
17.60
P. J. Seaman
24.30
Simplex Electric Heating Co.
13.58
Fred F. Smith
9.00
Spaulding Moss Co.
1.85
Spencer Regulator Co.
8.49
Standard Electric Stove Co.
4.05
Chas. E. Stanwood & Sons
1.20
Star Brass Mfg. Co.
2.83
Stearns, Perry & Smith Co.
12.50
S. R. Stembridge Co.
.
21.56
Sterling Battery Co. .
16.40
Percy N. Sweetser
261.14
Taylor Instrument Co.
1.27
W. E. & J. F. Twombly
139.10
United States Post Office
180.00
. .
206
Vye Neill Co.
204.15
Wagner Electric Corp.
4.75
George H. Wahn Co. .
210.31
Waldo Bros. & Bond Co.
46.03
Welsbach Co. of N. E.
2.22
Webster, Thomas Co.
68.81
Westinghouse Electric & Mfg. Co.
26.57
Wetmore Savage Co.
49.12
Wetmore Savage Auto Equipment Co.
92.00
Woburn Machine Co.
58.59
Yawman & Erbe
7.60
Zanni & Co.
121.85
$ 23,345.12
$ 178.62
178.62
$ 23,166.50
Charts'on the following pages show 10 Years' Growth
SNOS TOOOMNVASE P
gibt sebi 4261 8221 ach
16/11 0067 8181
BOSTON, MABS PUBLIC ACCOUNTANTS SUZINIONE THE LONONI BNOST00OMNVISED
7261 5281 6231 8081 2661 1061 0081
bibi 861 2181
0
081
002
1/2000 3SNJUX3 SWOIMI
+Houd GNY JSMEOKE SHODNE OPERATING
5477702 THOUSAND
LEGEND
-
NOJSOU
7261 5261 7761 8261 2201 1221 0761 6151 8861 1167
La parisinos
10
BOUW NOSSOS SANTANAGODY DITRAS
C.E. STANWOOD & SONS
500
0051
00028
2500
3000
4000
0005
SIAMO1STD0 117528 20101
$SOM 343424 00 MANOS
17261
1925
2751
22%
000
HMY SPURSTOUT
PODE
3600
pozy
Unaccounted for
PIPS
=10
0761
19 20
C.E. STARWOOD & SONS
9261 Soll +261 9261 20h1 1861 0361 6161 8161 461
60
21857 2018517
TOWN OF TEAUING / LASS
WORTH READING, WILLMINGTON AND
TOWN OF EATING CLASS
LYNNFIELD
MUNICIPAL LIGHT DEPARTMENT
RATE
LIGHTING PATE
LEGEND
GROSS NET
10
09
08.
1917 1918 1919 1920 1921 1922 1923 1924 1925 1926
O.ESTANWOOD &SONS INDUSTRIAL ENGINEERS PUBLIC ACCOUNTANTS BOSTON, MASS
213
REPORT OF AUDITOR FOR YEAR 1926
February 1, 1927.
To the Municipal Lighting Board,
Reading, Mass.
Gentlemen:
In accordance with your order, we have examined the books and rec- oids of the Municipal Light Department for the year ended December 31, 1926 and submit herewith our report.
Attached hereto and forming a part of this report are audited sched- ules as follows :
"A"-Comparative Balance Sheet
"B"-Comparative Condensed Statement of Operations
"C"-Profit and Loss Detail
"D"-Comparative Detail of Operating Revenue
"E"-Comparative Detail of Operating Expense
"F"-Bond and Note Schedule
"G"-Detail of Accounts Payable
Plant Investment-$399,845.37:
Additions to Plant Investment for the year 1926 amounted to $47,391.30, consisting principally of the cost of garage and store struc- ture ($16,537.18) and service and extension additions to Poles, Fixtures & Overhead Conductors ($18,519.67.) 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 plant less land values was charged off during 1926 and properly recorded. Petty Cash-$150.00:
This fund was originated by a loan to the Municipal Light Depart- ment by the Town Treasurer and is shown in Schedule "A" as part of the amount due the Town Treasurer December 31, 1926. This fund was counted and found to be correct.
Consumers' Deposit Fund-$1,403.75:
The passbook of the Mechanics Savings Bank of Reading was exam- ined and found to agree with the books of the Department. There is a difference of one dollar, however, between the amount in this fund and the actual outstanding deposits. Interest received on this fund has been withdrawn and credited to the proper account.
Accounts Receivable-$21,783.50:
An analysis of this account was made as at November 30, 1926 and found to be in agreement with control balance. From this analysis, a de- tail of all accounts ninety days or more in arrears was compiled. In 1926, there was charged off as uncollectible $1,873.86. Discontinued inac- tive accounts amount to $4,562.57 against which the above charge off was applied. The balance of these discontinued accounts ($2,688.71) is be- lieved by the department bookkeeper to be collectible.
214
Accounts Receivable-Miscellaneous-$17,360.96:
This account was also analyzed as at November 30, 1926. No ac- counts were charged off as uncollectible during 1926 on this division of Accounts Receivable.
Material & Supplies:
Physical inventories were taken December 31, 1926 by clerks of your Department. All items on each inventory were checked by us as to price and extensions. Proper adjustments were made on the books to bring all material and supply book accounts into agreement with values shown by the inventory.
Prepaid Insurance-$1,967.94
This account represents unexpired insurance premiums on policies covering the Municipal Light Department. Fire Insurance is covere ! by a blanket policy held by the Town and prorated among the different Town Departments. No bill has been received for 1926 fire coverage on the Municipal Light Department. The Light Department holds the following policies :
Travelers Ins. Co .- Employees' Liability
Travelers Ins. Co .- Public Liability Royal Indemnity Co .- Breakdown on Plant Equipment
Royal Indemnity Co .- Breakdown on . Plant Equipment
Bonds-$101,500.00:
Bonds to the amount of $9,500.00 were retired during the past year. A bond issue of $13,000.00 was made during 1926 for construction of new garage and storeroom. Schedule "F" of this report gives full detail of all Bond and Note Issues. Outstanding bonds and notes were checked.
Notes Payable-$10,200.00:
Notes to the amount of $3,300.00 were paid off during 1926. There vore no note issues during the year. 1
Accounts Payable-$23,166.50:
A detailed analysis of Accounts Payable was made and found to be in agreement with the Control Account. A slight adjustment of 31c was necessary to bring the account into agreement at the close of the year. In several cases, credit extends over several months as shown in Sched- ule "G".
Consumers' Deposits-$1,403.75:
Individual deposits were checked and amounted to $1,402.75. This clifference of $1.00 is due to over-deposit of that amount during the summer of 1926. This error will be adjusted in January 1927. Interest was not paid to customers on December 1st as per custom. Your ac. countant advises that same will be paid during February 1927.
Due Town Treasurer: $23,668.71:
Representing Light Department vouchers paid by the Town Treas- urer in excess of cash receipts of the Department as follows:
215
Overpayment Year 1925
$ 7,353.18 Overpayment Year 1926 16,165.53
Total Overpayment
$23,518.71
There is also an amount of $150.00 representing a Petty Cash Fund of the Lighting Department loaned by the Town Treasurer January 1, 1925 and carried over by agreement instead of being returned at the close of each year. This amount is not included in the above total.
Accrued Interest on Bonds and Notes-$1,267.04:
Representing actual accrued interest for 1926 on Bonds and Notes outstanding December 31, 1926.
Income-$201,956.03:
Total electric operating revenue as shown in Schedule "B" repre- sents an increase of $16,463.31 over 1925 and $24,084.39 increase over 1924 revenue.
Expenses-$171,633.43:
Total electric operating expenses have increased by $14,928.97 over 1925. This is due largely to the purchase of additional electric energy necessary for operations of the Department.
Merchandise & Jobbing Revenue-$3,931.87 (Loss) :
The loss in Jobbing Revenue is due to a campaign of electric range sales installation to be made free of charge with each purchase of a range. The purpose of this campaign was to increase the sales of elec- tric energy.
General Comment:
We recommend a monthly balance sheet and operating statement instead of the operating statement now compiled. This statement to in- clude a monthly prorate of insurance, interest and other fixed charges to be prorated over the year. Such a statement would give your Board accurate information at the cose of each month.
Since it is impossible to cover many items of interest in this report, we would appreciate an opportunity to answer any questions your Board desires. We are submitting under separate cover detailed schedule of delinquent Accounts Receivable.
We wish to express our appreciation for the helpful assistance ren- dered by the employes of the Department during our audit.
Respectfully submitted,
CHARLES E. STANWOOD & SONS, By Charles E. Stanwood, Accountants & Auditors
F. J. Stanwood
W. W. Scott
H. W. Leatherbee
SCHEDULE "A" TOWN OF READING, MUNICIPAL LIGHT DEPARTMENT BALANCE SHEET AS OF DECEMBER 31
ASSETS
LIABILITIES
INCREASE
1926
1925 DECREASE
Plant Investment:
301 Appropriations for Const.
$ 30,678.26 101,500.00
98,000.00
3,500.00
113 Structures
37,437.27
20,900.09
$16.537.18
303
Notes Payable
10,200.00
13,500.00
3,300.00
Generating Plant-Steam :
114 Boiler Plant Equipment
36,816.16
38.419.85
1,603.69
TOTAL BONDS & NOTES
$111,700.00
$111,500.00
$ 200.00
115 Prime Movers & Auxiliaries
15,129.83
16,445.47
1,315.61
116 Turbo-Generator Units
23,593.83
25,645.47
2,051.64
117 Electric Plant-Steam
20,812.63
19,500.97
1,311.66
Transmission, Distribution & Storage:
125 Poles, Fixtures & O/HI Cond.
170,701.28
161,895.37
8,805.91
128 Consumers' Meters
38,0448.65
36,196.61
1,852.04
129
Consumers' Meter Inst.
5,205.93
4.821.80
384.13
130
Line Transformers
34,923.33
34,196.58
726.75
131
Transformer Installations
3,396.96
3,354.69
42.27
314 Interest on Bonds & Notes
$
1,267.04
$ 1,190.90
$ 76.14
Utilization Equipment :
132 Street Lighting Equip.
10,774.71
10,845.35
70.64
Appropriated Surplus:
133
Consumers' Premises Equip.
428.99
293.99
135.00
322 Loans Repayment
247,200.00
234,400.00
12,800.00
TOTAL PLANT INVESTMENT
$399,845.37
$375,092.04
$24,753.33
General Equipment:
Profit & Loss:
150 Office Equipment
2,863.00
2,812.75
50.25
152 Stores Equipment
446.33
446.33
400 Profit & Loss-Balance
$ 54,720.15 $ 48,066.04 $ 6,654.11
111
Land
$
2,575.80
* 2,575.80
302
Bonds
Current Liabilities:
308 Accounts Payable
$ 23,166.50
$ 27,391.40
$ 4,224.90
309 Consumers' Deposits
1,403.75
1,241.75
162.00
312 Due Town Treasurer (Loan) ..
23,668.71
7,503.18
16,165.53
TOTAL CURRENT LIABILITIES .. $ 48,238.96
$ 36,136.33
$12,102.63
Accrued Liabilities :
TOTAL LIABILITIES
$439,084.26
$413,905.49
$25,178.77
INCREASE
1926
1925 DECREASE
$ 30,678.26
154 Laboratory Equipment 153 Transportation Equipment .. 3,900.00
1,067.15
1,067.15
3,950.00
50.00
TOTAL INVESTMENTS
$408,121.85
$381,854.79
$26,267.06
Current Assets :
204
Petty Cash Fund
$
150.00
$ 150.00
204
Construction Fund
205
Consumers' Deposit Fund
1,403.75
1,241.75
162.00
207-1
Accts. Rec. Elec. Consumers
21,783.50
17,168.63
4,614.87
207-2
Accts. Rec .- Misc.
17,360.96
17,897.81
536.85
Material & Supplies:
209-1 Material & Supplies-Gen'l.
25,050.68
23,580.18
1,470.50
209-2 Station Tools & Appli. ....
470.55
471.77
1.22
209-3 Dist. Tools & Appliances ..
1,821.37
2,070.91
249.54
209-4 Printing & Office Supplies. .
508.38
656.62
148.24
209-6 Coal Supply-Electric
1,408.12
2,284.75
876.63
209-9 Station Supplies
941.11
1,358.55
417.44
209-10 Lamps & Appliances
12,816.20
12,385.11
431.09
TOTAL CURRENT ASSETS
$ 83,714.62
$ 79,266.08
$ 4,448.54
Prepaid Accounts :
213
Insurace General
$ 1,967.94
$ 850.66
$ 1,117.28
TOTAL ASSETS
$493,804.41
$461,971.53
$31,832.88 TOTAL LIABILITIES & SURPLUS
$493,804.41
$461,971.53
$31,832.88
. .
218
SCHEDULE "B" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT CONDENSED STATEMENT OF OPERATIONS-12 MONTHS ENDED DECEMBER 31, 1926
Increase
1926
1925
Decrease
REVENUE FROM SALE OF ELECTRIC ENERGY :
501-1 Comm'l Incand. Light Meter
$116,752.81
$103,826.67
$ 12,926.14
501-2 Power for Motors
32,556.89
34,008.76
1,451.87
501-3 Heating and Cooking
22,638.70
19,367.32
3,271.38
504 Power for other Elec. Cos.
173.83
164.09
9.74
505-1 Public Incand. Lighting
25,311.66
24,074.35
1,237.31
505-2 Municipal Lighting
1,807.75
1,614.67
193.08
505-3 Municipal Power
2,714.39
2,436.86
277.53
Total Revenue-Electric Energy .
$201,956.03
$185,492.72
$ 16,463.31
REVENUE FROM MISC. ELEC. OPERATIONS:
508 Rent from Property used in Operations
$
467.05
$ 473.25
$ 6.20
Total Elec. Operating Revenue
$202,423.08
$185,965.97
$ 16,457.11
ELECTRIC OPERATING EXPENSES:
Production
$ 88,478.94
$ 73,140.10
$ 15,333.84
Transmission & Distribution
23,580.09
23,118.30
461.79
Utilization
5,769.37
5,154.25
615.12
Commercial
10,303.35
10,098.69
204.66
New Business
2,171.46
2,976.79
805.33
General & Miscellaneous
41,330.22
42,216.33
886.11
Total Electric Operating Expenses
$171,633.43
$156,704.46
$ 14,928.97
Net Operating Revenue
$ 30,789.65
$ 29,261.51
$ 1,528.14
Ratio Operating Expense to Oper- ating Revenue
.848
.843
.005
550 Uncoll. Operating Revenue
$
1.873.86
$ 41.05
$
1,832.81
551 Taxes Assignable to Electric
472.50
537.23
64.73
tric Operations
Net Operating Income
$ 28,443.29
$ 28,633.23
$ 239.94
NON-OPERATING INCOME:
560 MIdse. and Jobbing Income
$ 3,931.87
$ 197.89
$ 4,429.76
563 Interest Income
42.83
141.05
98.22
Gross Income
$ 24,554.25 $ 29,322.17
$ 4,767.92
219
DEDUCTIONS FROM GROSS INCOME:
576 Int. on Bonds & Notes Payable $ 5,100.14 $ 5,482.46
$ 382.32
Net Income
$ 19,454.11
$ 23,839.71
$ 4,385.60
SCHEDULE "C" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT PROFIT AND LOSS ACCOUNT-12 MONTHS ENDED DEC. 31, 1926
1926
1925
Increase Decrease
401 Balance, January 1st, 1926
$ 48,066.04
$ 38,026.33
$ 10,039.71
CREDITS:
Net Income from Schedule "B"
$ 19,454.11
$ 23,839.71
$ 4,385.60
Total
$ 67,520.15
$ 61,866.04
$ 5,654.11
LESS:
Bonds Paid
$ 9,500.00
$ 9,500.00
Notes Paid
3,300.00
4,300.00
1,000.00
$ 12,800.00
$ 13,800.00
$ 1,000.00
400 Balance, December 31st, 1926. .
$ 54,720.15
$ 48,066.04
$
6,654.11
NET INCREASE IN SURPLUS FOR
YEAR
$ 6,654.11
$ 10,039.71
$ 3,385.60
SCHEDULE "D"
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT DETAIL OF OPERATING INCOME
1926
1925
Increase Decrease
COMM'L INCANDESCENT LIGHT-
ING METER:
Reading
$ 72,418.80 $ 66,571.43
$ 5,847.37
Lynnfield Centre
7,631.95
6,552.56
1,079.39
North Reading
12,309.54
9,949.87
2,359.67
Wilmington
24,392.52
20,752.81
3,639.71
$116,752.81
$103,826.67
$ 12,926.14
POWER FOR MOTORS:
Reading
$ 27,968.95
$ 29,857.63
$ 1,888.68
Lynnfield Centre
358.77
353.12
5.65
North Reading
3,233.64
2,842.93
390.71
Wilmington
995.53
955.08
40.45
$ 32,556.89
$ 34,008.76 $ 1,451.87
220
HEATING AND COOKING:
Reading
$ 14,097.97
$ 12,018.84
$ 2,079.13
Lynnfield Centre
1,296.14
1,056.46
239.68
North Reading
3,211.61
2,871.92
339.69
Wilmington
4,032.98
3,420.10
612.88
$ 22,638.70
$ 19,367.32
$ 3,271.38
PUBLIC INCANDESCENT LIGHT-
ING:
Reading
$ 12,000.00
$ 11,000.00
$ 1,000.00
Lynnfield Centre
1,768.56
1,763.65
4.91
North Reading
3,909.82
3,766.40
143.42
Wilmington
7,633.28
7,544.30
88.98
$ 25,311.66
$ 24,074.35
$ 1,237.31
POWER FOR OTHER ELECTRIC
COMPANIES:
Wakefield
$
57.44
$ 42.12
$ 15.32
Lowell
116.39
121.97
5.58
$
173.83
$ 164.09
$ 9.74
MUNICIPAL LIGHTING
$
1,807.75
$ 1,614.67
$ 193.08
MUNICIPAL POWER
$
2,714.39
$ 2,436.86
$ 277.53
Total
Revenue from Sale of
Electric Energy
$201,956.03. . $185,492.72 $ 16,463.31
SCHEDULE "E" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT DETAIL OF OPERATING EXPENSES
1926
1925
Increase Decrease
PRODUCTION EXPENSE:
601-5 Labor
$ 20,275.84
$ 21,892.19
$ 1,616.35
606
Boiler Fuel
37,245.06
40,301.89
3,056.83
607
Water for Steam
429.87
188.53
241.34
608
Lubricants
257.83
260.33
2.50
609
Station Supplies & Expense
881.02
993.05
112.03
611 Mt. of Station Structures ..
433.10
326.74
106.36
612
Mt. of Boiler Plant Equip. ..
3,528.30
7,845.00
4,316.70
614
Mt. of Turbo-Generator Units
1,334.00
503.53
830.47
615
Mt. of Elec. Generating Equip.
399.87
61.58
338.29
616
Mt. of Accessory Elec. Equip.
350.78
94.64
256.14
634
Electric Energy Purchased ..
23,343.27
672.62
22,670.65
$ 88,478.94
$ 73,140.10
$ 15,338.84
221
TRANSMISSION & DISTRIBUTION EXPENSE:
638 Oper. of Trans. & Dist. Lines
$ 12,102.85 $ 11,622.80
$ 480.05
639
Trans. & Dist. Sup. & Expense
776.77
625.39
151.38
640 Inspecting & Testing Meters
1,283.60
1,212.51
71.09
641 Removing -Resetting Meters
784.47
860.19
75.72
642 Removing & Resetting Transf.
521.17
511.24
9.93
647 Mt. of Trans. & Dist. Lines
7,737.51
7,935.82
198.31
650 Mt. of Consumers' Meters . .
67.14
152.17
85.03
651
Mt. of Transformers
306.58
198.18
108.40
$ 23,580.09
$ 23,118.30
$ 461.79
UTILIZATION EXPENSE:
654
Municipal St. Lamps-Labor
$ 1,083.78
$ 1,083.32
$ .46
655 Mun. St. Lamps-Sup. & Exp.
1,736.66
1,751.29
14.63
657 Mt. Municipal St. Lamps ....
322.91
906.24
583.33
659
Mt. Consumers' Installations
2,626.02
1,413.40
1,212.62
$ 5,769.37
$ 5,154.25
$ 615.12
COMMERCIAL EXPENSE:
660
Commercial Salaries
$ 8,120.14
$ 8,899.27
$ 779.13
661
Comm'l Supplies & Expense
2,183.21
1,199.42
983.79
$ 10,303.35
$ 10,098.69
$ 204.66
NEW BUSINESS EXPENSE:
662 New Business Salaries
$ 1,477.70
$ 1,859.29
$ 381.59
664
Advertising
693.76
1,117.50
423.74
$ 2,171.46
$ 2,976.79
$ 805.33
GENERAL & MISCELLANEOUS
EXPENSE :
666
Salary of Manager
$ 4,680.00
$ 3,869.86
$ 810.14
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