USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1927 > Part 18
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This shows the total production cost for the year to be 1.743 cents as compared with 2 cents in 1926. In but two years since 1910 has the production cost been as low as this year.
The average total cost per kilowatt hour sold and delivered to street lights was 5.10 cents as compared with 5.77 cents last year.
The total income for the year was $221,943.60, an increase of $19,520.52 over last year.
The total expenses were $201,128.16, an increase of $9,248.23.
Accounts Receivable December 31 amounted to $35,428.65 and Accounts Payable to $27,545.46.
Bills paid by the Treasurer in advance of collections amounted to $9,518.71.
Additions to Plant during 1927 amounted to $35,452.57. Funds for new construction have been obtained from Operation and Deprecia- tion Funds.
No bonds or notes were issued in 1927. $12,500.00 in Bonds and $3,300.00 in Notes were paid out of income.
278
The outstanding bonded indebtedness December 31 was $95,900.00. The Profit and Loss Surplus is $74,310.41, an increase of $12,936.15 over last year.
There have been 443 new services connected during the year.
The classification of customers as shown by the books December 31st is as follows :
Cooking and Residence
Lighting
Power Heating Comb. Ser
Total
Reading
2361
69
269
131
2830
Lynnfield Centre
310
18
32
7
367
North Reading
554
16
64
18
652
Wilmington
1014
29
95
30
1168
Totals
4239
132
460
186
5017
This shows a net increase for each town of 62 in Reading, 12 in Lynnfield Center, 47 in North Reading and 108 in Wilmington, or a total of 229.
New street lights have been installed during the year as follows : Reading 11, Lynnfield Center 12, North Reading 4, Wilmington 6.
Street lights have been lighted the following number of hours : Reading 3967, Lynnfield Center 1816, North Reading 1816, Wilmington 2291.
The number of each size of street lamps renewed is shown below :
100 c.p. 250 c.p. 600 c.p, 1000 c,p, T
Reading
40 c.p. 60 c.p. 8 875 180
45
119
51
4 1102
Lynnfield Centre
180
North Reading
495
495
Wilmington
1229
13
1242
Totals
1912
875
45
119
64
4
3019
LAMP AND APPLIANCE DEPARTMENT Appliances Sold in 1927
Battery Chargers
8
Percolators 54
Cigar Lighters
3
Portable Lamps 32
Candle Sets
11
Radiators 17
Corn Poppers
2
Ranges
29
Curling Irons
19
Sewing Machines
1
Christmas Tree Sets
46
Sewing Machine Motors
2
Drills
1
Soldering Irons
1
Fans
10
Toasters
73
Flat Irons
96
Vacuum Cleaners
20
Grills and Table Stoves 25
Vibrators
2
Heating Pads
22
Violet Rays
3
Ice Cream Cabinets
2
Waffle Irons
56
279
Kelvinators 39
Washing Machines 9
Mangles
8 Water Heaters 11
Motors 15
Water Pumps 32
The estimated annual revenue from the above appliances is approximately $4,400.00
Special sales campaigns on ranges and water heaters were made with free installation as an inducement and resulted in adding to our lines 30 ranges and 52 water heaters. The installation costs have been charged to Merchandise and Jobbing Revenue Account which shows a net loss of $1,248.65 for the year.
The average cost of installation of the ranges was $67.15 and water heaters $56.55.
Our records show that 59 customers installed electric refrigera- tors during the year. This makes approximately 150 connected to our lines and gives us an annual revenue of about $3,500.00
Power Station
The generating equipment was shut down on January 19th when we commenced to take service from the Edison underground lines. Practically all of the interior of the station has been cleaned and painted. The turbines have been taken apart and cleaned, and the steam buckets have been renewed in the 600 K. W. Similar repairs are now being made on the 500 K. W. turbine. This increases the efficiency and enables them to carry a small overload for a limited time. The station grounds have been re-graded and seeded and trees and shrubs planted. The driveways and walks have also been re- graded and given a top coat of crushed stone. The cost of this work was $898.20. Due to a possible lack of capacity in transmission lines during the winter loads, the Edison Company notified us that peak hours would be established under the contract, from October 15th to January 15th, between the hours of 3 and 6 p. m., Saturdays, Sundays and holidays excepted. Under our contract we are expected at such times to operate our station up to its capacity. We started our tur- bines October 17th and operated them about 41/2 hours per day until December 27th, when we were notified that the peak hour period was cancelled. The peak load as indicated on our switchboard was 1590 K. W. of which 1390 K. W. was carried by the station generators. The number of kilowatt hours generated during the above period was 175,453 at an average cost of 1.884 cents per kilowatt hour.
Voltage regulators have been installed on two circuits and it is planned to equip two more circuits during the coming year. These will automatically adjust the voltage for varying load conditions and prevent serious fluctuation in lighting.
The old arc light regulators which were installed in 1907 and which have been used on the incandescent street light circuit in Reading for several years have been replaced with General Electric
280
incandescent lamp regulators.
Coal Trestle
My report of last year indicated that extensive repairs would have to be made to the trestle and I estimated that our proportion of the cost would be about $2,500.00. A subsequent inspection by the Railroad Company indicated that further repairs should be made. This work was completed in November, the actual cost to the Depart- ment being $3,595.77.
Edison Company's Investment in Reading
The following schedule shows the items of cost of the Edison Company's investment on which the annual carrying charge of 131/2% is based :
Station Work:
Transformers
$ 14,828.72
Oil Circuit breakers and housing 24,715,18
Laboratory expense
873.68
Reactors
2,298.00
Building changes (Labor and Materials) -
8,903.39
$ 54,954.92
5% on Material
1,106.43
$ 56,061.35
10% Engineering
5,606.14
$ 61,667.49
Less Cost of Edison Line Control and
Metering Equipment
9,000.00
$ 52,667.49
Street Work :
Conduit
$ 16,849.48
Cable
23,477.64
$ 40,327.12
:
$ 92,994.61
Raising manhole at Reading Station as agreed
5.39
$ 93,000.00
The annual carrying charge of this investment is $12,555.00, which, in accordance with instructions from the State Department of Public Utilities is apportioned to the following expense accounts : Transformers Station and Sub-Station Supplies and Expenses $7,110.12, Operation of Transmission and Distribution Lines $5,444.88.
281
Distribution Lines
Extension of the three phase power lines on Prescott Street, Summer Avenue and Temple Street to the Walter S. Parker Junior High School were made at a cost of $1,857.47.
Larger feed wires have been installed on Lowell Street and Main Street, Lynnfield Center to overcome drop in voltage.
Pole and wire extensions were made on Lowell Street and Main Street for additional street lighting and house service.
263 additional poles were set and 443 new services connected during the year.
181 poles were renewed in 1927.
All lines have been inspected for tree grounds and wires have been insulated or limbs removed under direction of the Tree Warden.
A complete inspection of all pole lines has been made and the results show that 887 poles should be renewed within the next two years. Of this number 313 are in Reading, 205 in North Reading, 289 in Wilmington and 80 in Lynnfield Center. The majority are jointly owned by the Town and the Telephone and Street Railway Companies and the renewal expense will be. shared jointly.
Plans have been made to increase the voltage from 2300 to 4000 volts on the North Reading and Wilmington feeders. We expect to complete this work during the coming year.
At the request of the Reading Planning Board, a detailed estimate of the cost of placing our wires underground through the Square between Haven and Salem Streets was made. The estimated cost was $38,335.00, which included the installation of 44 ornamental street light posts, similar to those on Lowell Street in front of the Municipal Building. The estimated cost per post for the ornamental posts in- stalled complete with additional circuits and regulators at the power station was about $300.00.
The Special Planning Committee requested an estimate of the cost of placing all wires underground from the power Station to Haven Street. This estimate amounted to $41,447.00.
Christmas Decorations
The electrical decorations on the streets and public buildings were installed December 19th. The street decorations were extended on Main, Lowell and Harnden Streets as far as Salem Street and additional decorations were made on the Common and Band Stand. Much favorable comment was heard, both from our own citizens and from residents of other towns and cities, and the effect was most assuredly beneficial to the Town.
The cost to the Department was as follows : Total cost of materials used . . . $ 1,390.00 Labor and Truck installing and re-
moving 110.00
282
3810 kilowatt hours @ 3c
114.00
Lamp Renewals
32.00
Depreciation on materials
91.00
Total Expense $ 347.00
Office Quarters
The present crowded condition in our office should be relieved as soon as possible. Eight employees are now working in a space 16 by 23 feet, containing three double desks, one single desk, eight filing cases and other office equipment. The safe, addressograph, plate filing cabinet, distribution map cabinet and appliance cost record files are in the basement. This results in much time being lost in the opera- tion of the office. The Board of Selectmen have advised us that no additional office space is available in the building. Six different outside locations have been considered but only one has possessed sufficient advantages to warrant serious consideration. This location is on Main Street between the Reading Theatre and the J. S. Temple Company's buildings. The available land area is 7278 square feet on which a building 36 by 80 feet, with basement and storage vault, will be erected for us by the J. S. Temple Company and which we can lease for five years at an estimated cost to the Department, including water and heat, not to exceed $175.00 per month.
The lot is about 163 feet in depth which will provide ample parking space in the rear of the building, a necessary requirement for any location.
A fireproof vault will be provided in the basement for the storage of records.
The following is a comparison of the space at present occupied and that in the proposed building.
Present
Proposed
Main Office
368 sq.ft.
902 sq. ft.
Manager and Commissioners
81 sq. ft.
168 sq. ft.
Customers' Lobby
72 sq. ft
included in show-room
Show Room
704 sq. ft.
612 sq. ft.
Meter Room and Storage
716 sq. ft.
748 sq. ft.
Ladies' Rest Room
none
90 sq. ft.
Basement for Storage
none 1440 sq. ft.
Totals
1941 sq. ft. 3960 sq. ft.
The proposed building offers the following advantages to the Town: An attractive building in place of a vacant lot in the center of the Town. An increase in the tax revenue of about $400.00 per year. Office space for the Department for at least ten years without increased capital expenditures or indebtedness. A central location on the main street, convenient for customers. Suitable show-room with
283
windows for the display of electrical appliances, a progressive step from a business standpoint. The release of the space now occupied by the Department for the use of other Town Departments.
Some citizens have expressed the opinion that the proposed location of our show room would take away business from other dealers in the same line, but past experience has shown that aggressive effort on our part to stimulate the use of electric appliances has the effect of increasing the volume of business done by such dealers.
The Department has co-operated with the contractor-dealers in the Town and has been assured by them that this proposed location will in no way be detrimental to their business.
I feel that with a better understanding of the matter by the citizens there should be no difficulty in obtaining authority to execute the lease.
RATES FOR SERVICE
The reduction in the lighting rates which went into effect on March 1st has resulted in a saving of approximately $11,000.00 to our customers. 186 customers have availed themselves of the new resi- dence rate for lighting, cooking, heating and refrigeration.
Chapter 269 of the Acts of 1927 requires that "the electricity used by the Municipality for any purpose except street lighting shall be charged for in accordance with the fixed schedules." The various departments affected have been advised of the above law and an esti- mate of the cost of electricity used by each department has been furnished.
My estimate of the expenses of the plant for 1928, together with the income which is anticipated is herewith submitted, and is followed by statistical data from office records.
ESTIMATE FOR 1928 Expenses
For Operation, Maintenance and Repairs
$163,955.80
For Interest on Bonds and Notes
4,245.00
For Depreciation at 4% on cost of plant 25,951.68
For Bond Payments
11,500.00
For Note Payments
3,300.00
For Taxes
2,000.00
For Uncollectible Operating Revenues
2,000.00
Total Expenses
$212,952.48
Income
From Sales to Private Consumers
$209,384.51
From Sundry Sales
500.00
From Tax Levy
For Municipal Departments $ 6,658.49
For Street Lights 13,500.00
284
$ 20,158.49
$230,043.00
Respectfully submitted, ARTHUR G. SIAS, Manager.
The Manager's report as herewith submitted is approved by the Board.
HENRY R. JOHNSON, HERBERT G. EVANS, HARRY P. BAKER, Municipal Light Board.
DATA FROM RECORDS OF PLANT
Kilowatt hours manufactured
406,693
Kilowatt hours purchased
4,396,397
Kilowatt hours for Reading Street Lights 263,093
Kilowatt hours sold
3,610,382
Kilowatt hours used at station and office
54,439
Kilowatt hours unaccounted for
806,935
Coal used, net tons
947
Average cost of coal per net ton
$ 6.609
Poles added
263
Feet of wire added
249,489
New services installed
443
Street lamps installed
35
Connected Load December 31, 1927
Number of customers
5,017
Horse power in motors
1,630.9
Number of public street lights
1,606
Number of private street lights
29
Reading
Number of customers December 31, 1927 2,830
Number of 40 candle power public street lights
3
Number of 60 candle power public street lights
516
Number of 100 candle power public street lights
16
Number of 250 candle power public street lights
68
Number of 600 candle power public street lights
47
Number of 1000 candle power public street lights
4
Number of 60 candle power private street lights
10
Number of 100 candle power private street lights
3
Number of 250 candle power private street lights
1
Horse Power in Motors
1,369.8
Gross Income for year
$144,687.81
Lynnfield Center
Number of customers December 31, 1927
367
Number of 40 candle power public street lights 146
285
Number of 40 candle power private street lights 1
Horse Power in motors
18.6
Gross Income for year
$ 11,543.45
North Reading
Number of customers December 31, 1927
652
Number of 40 candle power public street lights
290
Number of 40 candle power private street lights
7
Horse Power in Motors
180.1
Gross Income for year
$ 23,345.92
Wilmington
Number of customers December 31, 1927
1,168
Number of 40 candle power public street lights
505
Number of 600 candle power public street lights
11
Number of 40 candle power private street lights
7
Horse power in motors
62.4
Gross Income for year
$ 41,766.54
COST OF DISTRIBUTION IN OUTSIDE TOWNS Lynnfield Center
Total Investment to December 31, 1927 :
Poles, Fixtures and Overhead Conductors
$ 20,609.51
Consumers' Meters
3,882.97
Line Transformers
2,432.49
Street Lighting Equipment
1,433.69
$ 28,358.66
North Reading
Total Investment to December 31, 1927 :
Poles, Fixtures and Overhead Conductors
$ 47,053.07
Consumers' Meters
7,300.49
Line Transformers
6,033.51
Street Lighting Equipment
2,494.58
$62,881.65
Wilmington
Total Investment to December 31, 1927 :
Poles, Fixtures and Overhead Conductors
$ 81,508.65
Consumers' Meters
10,652.29
Line Transformers
7,804.95
Street Lighting Equipment
4,055.11
$104,201.00
Total Investment-Outside Towns Gross Income-Outside Towns, 1927
$195,261.31
$ 76,655.91
TABLE A
Income from
Sale of
Electricity
Income from
Other Sources
Appropriations
from Tax Levy
Street Lights
Appropriations
from Tax Levy
Construction
Production
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
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
1927
221,343.72
599.88
13,500.00
none
67,661.31
50,863.76
34,551.95
4,763.62 24,533.58
15,800.00
651,367.92
Year
or
for
TABLE B
Year
K. W. H. Generated
K. W. H.
Purchased
K. W. H. Sold
K. W. H.
Read'g St. Lights
K. W. H. Used to
Stat'n Stock R'm
& Appliance R'm
K. W. H.
Unaccount 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
182,141
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
3137-10
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
3,379.5
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
1927
406,693
4,396,397
3,676,545
261,361
58,249
806,935
947
6,609
5,017
1,635
1,630.9
Delivered to
288
TABLE C Production 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 Expense
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
.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
1926
.0285
.01034
.0056
.00212
.0200
1927
.01116
.01205
.00246
.00390
.01743
TABLE D
Average Cost Per K. W. H. As Defined by Chapter 164. General Laws
1
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 1927
Operating Costs :
.0640 .0561 .0494 .0377 .0442 .0448 .0395
Fixed Costs :
.0330 .0278 .0185 .0138 .0131 .0129 .0115
Total Costs :
.0970 .0839 .0679 .0515 .0573 .0577 .0510
ACCOUNTS PAYABLE DEC. 31, 1927
Dr.
Cr.
Acme Electric Heating Co. $ 1.91
American Steel & Wire Co.
$ 10.50
A. & J. M. Anderson Mfg. Co.
11.55
Ansonia Electrical Co. 718.66
289
J. Brinton Bailey 22.04
W. Bancroft & Co.
6.56
Van I. Bennett
11.43
Boston Elictric Sales Co.
4.16
Boston & Maine R. R.
64.69
Chas. A. Branston, Inc.
2.08
Geo. H. Buckminster Co.
1,047.12
Central Garage
2.55
A. W. Chesterton Co.
7.89
Condit Electrical Mfg. Co.
322.73
Cummings Express Co.
22.95
E. B. Currell & Son
500.00
Clapp & Leach, Inc.
618.67
Duval Mfg. Co.
1.38
Davis & Abbott
1.00
Geo. W. Davis Co.
4.13
L. W. Dickinson & Son
28.80
Duplexalite
10.27
Duralectric
2.16
Dyer Clark
280.09
Eagle Oil & Supply Co.
18.73
Ernest W. Eames
40.00
Eastern Mass. St. Ry. Co.
39.42
Eastern Service Co.
123.00
Frank S. Eaton
36.87
Edison Electric Apliance Co.
20.10
Edison Electric Illuminating Co.
11,523.41
Ellis Adding Typewriter Co.
7.63
Eureka Vacuum Cleaner Co.
108.00
T. C. Fife, Inc.
9.22
G. H. Flint
3.50
W. E. Florence, Jr.
32.52
Francis Bros.
50.39
Garlock Packing Co.
6.55
General Electric Co.
529.58
Globe Paper Co.
5.83
L. B. Renfrew Gray
34.19
Graybar Electric Co.
72.73
F. S. Hardy Co.
165.40
Hayes Pump & Machy. Co.
44.60
Earl G. Hobart
4.25
Hobbs & Warren
23.56
Howe & French Co.
16.55
P. S. Huckins Co.
560.55
John Street Garage
5.75
... .
290
D. E. Justice 2.50
Kelvinator, Inc.
1,897.14
Kenney Service Station
149.04
Landers Frary & Clark
93.00
Lewis Electrical Supply Co.
19.25
Alex Lindsay
3.00
Linscott Motor Co.
10.90
Lowell Electric Light Corp.
8.46
Albert E. Mace Co.
91.00
Magee Sales Co.
3.20
J. M. Maxwell, Jr. Son
3.38
Jas. H. Mathews & Co.
2.58
Mathias-Hart Co.
9.50
H. B. McArdle
155.80
Henry W. Merrill
18.00
A. Michelini
1.00
N. E. Lamp Division
2,051.36
N. E. Tel. & Tel. Co.
59.11
North Reading Wagon Co.
16.04
Olmstead Flint Corp.
3.15
Packard Electric Co.
5.00
E. C. Packer
18.11
E. B. Parker
6.00
Perrin Seamans Co.
4.32
Pettingell Andrews Co.
704.96
Quaker City Rubber Co.
18.45
Reading Motor Co.
58.22
Robbins-Phalon Co.
922.95
John A. Roeblings Sons Co.
2,698.81
Rochester Germicide Co.
12.00
Sager Electrical Supply Co.
17.98
Savogran Co.
18.20
P. J. Seaman
4.45
E. C. Shaw
8.70
Simplex Electric Heating Co.
1.16
Spaulding-Moss Co.
.40
Standard U. S. Cable Co.
12.25
Sterling Battery Co.
67.00
R. W. Totten
123.57
W. E. & J. F. Twombly
39.35
United States Rubber Co.
48.25
Vye-Neill Co.
156.96
Wagner Electric Corp.
2.45
Geo. H. Wahn Co.
370.05
Webster Thomas Co.
86.26
. .
... .
291
Waldo Bros. & Bond Co.
13.00
Westinghouse Electric & Mfg. Co.
257.77
M. S. Wright Co.
.42
Wetmore-Savage Co.
227.16
Totals
$27,621.26
$ 76.00
76.00
$27,545.26
REPORT OF AUDITOR FOR THE YEAR 1927
Municipal Lighting Board,
Reading, Mass.
Gentlemen :- In accordance with your order, we have made an annual audit and examination of the books and records of the Muni- cipal Light Department and submit herewith our report and financial statements.
The following schedules are attached and form a part of our report :
"A"-Comparative Balance Sheet.
"B"-Comparative Condensed Statement of Operations.
"C"-Profit and Loss Analysis.
"D"-Comparative Detail of Income.
"E"-Comparative Detail of Expenses.
"F"-Bonds and Notes Payable
"G"-Detailed Accounts Payable.
"H"-Insurance Coverage.
"J"-Bonded Employees.
1. Petty Cash Fund:
Book Value $ 250.00
By Count (this examination)
250.30
Difference-Over $ .30
This fund was counted and as shown above was thirty cents
over.
All payment slips were examined and appeared to be in order.
2. Guarantee Deposits:
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