USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1929 > Part 15
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A small increase in the sale of electricity was expected from the operation of three causes. The first is the well established tendency of households which have lights and small appliances only, to increase slowly, year by year, the use of electricity. The second is the gradual increase in the number of customers due to the growth of the town. The third is the sale of a comparatively few large-current-consuming de-
*This change in rate explains an apparent inconsistency in the advertisements submitted, if they are viewed as a whole. No attempt was made in this series to feature the change in rate. That was done in the course of the regular advertising by the Department. vices such as ranges and water heaters.
But the rate of increase due to these three causes would be too slow for the income requirements of 1929. In spite of the fact that the town has enjoyed a very favorable rate for years, in spite of the fact that the town is growing steadily, and in spite of the fact that there has been for years a high per-capita sale of large current consuming devices, an analysis showed that eighty per cent of the customers were using only a minimum amount of electricity. Eighty per cent were using electricity as a necessity instead of treating it as a convenience.
It was apparent therefore that if a substantial increase in the sale of electricity was to be secured, some way must be found to increase the use of electricity in the lights and small appliances of the eighty per cent who have neither the means nor the occasion to buy high priced ranges or other large current consuming devices.
The principal difficulty to be overcome in advocating the increased use of electricity by the mass of residential customers is the indifference of the public to the subject, especially to the consideration of electric rates. The public attitude is that rates are low and gradually be- coming lower, that anyone can easily afford to pay for the small amount of electricity he has become accustomed to use, and that any subsequent reductions in rates will result merely in a saving of a few cents a month.
After contriving to secure the public attention and interest, the
180
principal difficulty to be overcome is the lifelong habit, occasioned by the high rates of a generation ago, of treating electricity as a necessity rather than as a convenience; the habit of "saving electricity"; the habit of turning the lights out as soon as "they are not needed"-a habit that is much easier to keep than it is to break.
The object of the advertising campaign was therefore to arouse an interest in the new schedule of household rates and in the possibilities which cheap electricity affords, and to make a beginning at the long task of breaking the habit of "saving electricity."
On account of the various types and classes which make up the mass of the electric customers, comprising as they do the entire popula- tion, it was decided to secure attention by appealing to one trait which all possess-the sense of humor. A series of humorous advertisements was planned in which the nature of the humor was to vary according to different tastes, ranging from the obvious to the subtle, and combining both as far as possible in single advertisements.
In view of the influence which is exerted by the young upon the conduct of the home, and in view of the fact that those of high school age will have homes of their own in a few years, it was planned to aim the advertisements at the minds of those of adolescent years.
The habit of "saving electricity" was to be attacked by the most potent means-that of ridicule; thereby not only making a direct at- tack by the printed page, but also putting into the mouths of the young and impressionable a sententious criticism of the habits of their elders which they would inevitably observe.
This was the plan, but the experiment became so interesting and the scheme proved to be so adaptable that there were sundry departures. The appliance sales division asked for the assistance of this lighter touch. The office management used it to answer inquiries or com- plaints of a general nature, and it was used to call attention to certain aspects of the service. But whatever might be the subject, the task of clothing the new rate with a popular interest was never neglected.
There are two weekly newspapers which contain the local news of the area which is supplied with electricity by the Department, and they are generally read. It was thought that adequate variety and per- sistence would result from fifty "messages" a year. Therefore a fixed space and position was taken in each paper for a year.
The appropriation for this experiment was $1,000. This repre- sented only the cost of the space and the plate maker's charges. Those interested in the experiment designed the advertisements, wrote the texts, and as informality of appearance was desired to increase the departure from the conventional public utility advertising, they could and did do the necessary draughting.
During the year the sale of electricity increased over 20 per cent and the income increased over 10 per cent. About half of the in-
181
crease can be accounted for by the three causes mentioned in the preceding "Description." As to the rest, there is no way of determin- ing how much is attributable to the advertising and how much is due to the unusually low rate in itself.
But insofar as arousing public interest is concerned, the series was a complete success. The comments and inquiries showed that the number of people who were reached, the liveliness of response, and the range of ages affected-youngsters looking for them as "funnies" and gray-beards looking for them as one of the pranks of the younger gen- eration-exceeded expectations.
More could not be expected, so firmly fixed is the bad habit of "sav- ing electricity." But the response of this year's advertising leads to the belief that a repetition of the series in ensuing years will eventually drive home the idea which they express.
The Auditor's Report, which is included herewith gives the follow- ing financial information covering the operation of the plant: Balance Sheet, Statement of Operation, Profit and Loss Account, Detail of Operating Income, Detail of Operating Expenses, List of Accounts Pay- able and Bonds and Notes Payable, with Accrued Interest.
To incorporate the above as a part of my report would seem to be an unnecessary duplication of figures.
February 8, 1930.
Municipal Light Board,
Reading, Mass.
At your request, we have audited the books and records of the Electric Lighting Department for the year ending December 31, 1929.
Attached and forming a part of our report are the following Schedules and Exhibits:
Schedules
"1"-Comparative Balance Sheet as at December 31, 1929.
"?"-Comparative Statement of Operations for the year ending December 31, 1929.
"3"-Comparative Analysis of Profit and Loss Account for the year ending December 31, 1929.
Exhibits
"A"-Comparative Detail of Operating Income for the year ending December 31, 1929.
"B" Comparative Detail of Operating Expenses for the year ending December 31, 1929.
"C"-List of Accounts Payable-December 31, 1929.
"D"-Bonds and Notes Payable and Interest Accrued Thereon- December 31, 1929.
182
Plant Investment-$435,454.86
New construction this year amounted to $46,961.71. Depreciation taken at rate of 4% on cost of Plant Investment as at January 1, 1929, amounted to $27,186.35. This leaves a net increase to Plant of $19,775.36.
General Equipment-$13,928.50
Increases of $1,556.99 noted in these accounts. Books were adjusted to physical inventories on this equipment.
Petty Cash Fund-$250.00
Cash in office was counted and together with receipts for petty disbursements equalled fund.
Consumers' Deposit Fund-$4,588.21
This fund is handled entirely by employees of the Department. Ledger balance was in agreement with bank.
Accounts Receivable-Consumers-$21,685.58
Test checks were made of various customers' accounts to determine correctness of balances as shown December 31, 1929.
Accounts totalling $2,870.61, or 13.2%, were found to be 90 days or more in arrears.
This year, accounts amounting to $1,726.56 in this class of receiv- ables were considered doubtful of collection and written off as "Bad Debts".
Accounts Receivable-Miscellaneous-$11,999.22
Individual accounts were checked in detail and found to be in bal- ance with Control. Accounts considered doubtful of collection and written off as "Bad Debts" amounted to $572.92.
Material and Supplies-$52,249.77
Inventories on all various supplies as taken by employees of the Department were used as a basis of adjustment.
Inventories were not checked by us.
Prepaid Insurance Premiums Unexpired-$1,598.20
From policies in evidence, this figure is correct.
Appropriations for Construction-$30,678.26
No appropriations from general tax levy for construction purposes have been made this year.
Bonds Payable-$66,000.00
Bonds in the amount of $11,500.00 have been retired during 1929. Notes Payable-$1,300.00
Notes retired during the year amounted to $2,300.00.
Accounts Payable-$29,954.82
Represents unpaid items at December 31, 1929, detail of which will be found in Exhibit "C".
Consumers' Deposit-$4,588.21
Individual customers' records were checked in detail and found to be in agreement with Control.
183
Interest at the rate of 4% per annum was paid in December 1929 to customers whose deposits had been in custody of the Department 6 months or longer.
Interest Accrued on Bonds and Notes-$758.16
As shown in Exhibit "D" of this report, the above is interest accrued but not yet due on Bonds ($747.28) and Notes ($10.88) outstanding.
Other Accrued Items-Due Town Treasurer-$19,480.92
Bills paid by Treasurer over and above actual receipts of the Electric Department for this year amounted to $9,170.68, together with $10,310.24 paid in prior years brings total due Treasurer $19,480.92.
Considering this fact, together with the amount of "non-current" Accounts Payable, it is evident that the working capital of the Depart- ment is insufficient, in our opinion.
Interest on amounts advanced by Town Treasurer is not accrued on books of the Lighting Department.
Loans Repayment-$291,600.00
This account shows increase of $13,800.00, the amount of Bonds and Notes retired during year.
Profit and Loss Balance-$97,393.97
Net increase for year is noted as $14,345.32 after taking into consid- . eration Bond and Note Payments.
Operating Revenue-$246,385.65
Shows increase of $17,527.03 or 7.7% over 1928.
Operating Expenses-$212,100.46
Shows increase of $14,097.17 or 7.1% over 1928. Ratio of Expenses to Revenue this year shows a slight decrease of 5-10ths of 1%.
General
In addition to $27,186.35 being taken for Depreciation, $18,696.19 has been expended for Maintenance of Physical Property.
List of bonded employees as furnished by the Department showed one employee on list who has left employ, Ruth Wescott Christie, and does not contain the names of two employees who; we believe, should be bonded, Miss Birnie, stenographer, and Mr. Bertwell, service man. We are informed, however, that applications for bonds will be filed at an early date.
We believe that the "perpetual inventory" should be installed by this Department in order that-
1. Closer touch on receipt and disbursement of material may be had.
2. Costs of material used for new construction and maintenance may be more easily accessible.
3. Inventory adjustments may be made at various times during the year, eliminating the uncertain adjustments necessitated now at end of year which retards "closing of books".
184
4. More accurate control of accounting for stock. Respectfully submitted,
CHARLES E. STANWOOD AND SONS, INC. By Charles E. Stanwood, Certified Public Accountant (Mass.).
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE BALANCE SHEET-DECEMBER 31 SCHEDULE "1" ASSETS
1929
1928
Increase
Decrease
Plant Investment:
111
Land
$ 2,575.80
$ 2,575.80
$ 0.00
113
Structures
36,960.60
37,288.37
327.77
114
Boiler Plant Equipment
27,888.62
30,676.49
2,787.87
115
Prime Movers and Aux- iliaries
11,645.34
12,805.88
1,160.54
116
Turbo-Generator Units
18,094.98
19,969.81
1,874.83
117
Electric Plant-Steam . ..
26,865.36
26,002.47
862.89
125
Poles, Fixtures and Over-
head Conductors
211,520.55
188,274.68
23,245.87
128
Consumers' Meters
40,627.36
40,820.43
193.07
Consumers' Meter Instal- lation
6,440.88
5,749.14
691.74
130
Line Transformers
39,466.31
38,252.55
1,213.76
131
Transformer Installation
4,346.87
4,374.53
27.66
132
Street Lighting Equipment
8,825.35
8,675.35
150.00
133
Consumers' Premises Equip.
196.84
214.00
17.16
TOTAL PLANT INVESTMENT
$435,454.86
$415,679.50
$ 19,775.36
General Equipment:
150
Office Equipment
$ 7,887.55
$ 7,116.36
$ 771.19
152
Stores Equipment
582.66
564.27
18.39
153
Transportation Equipment
4,200.00
3,500.00
700.00
154
Laboratory Equipment ..
1,258.29
1,190.88
67.41
TOTAL GENERAL EQUIPMENT $ 13,928.50
$ 12,371.51
$ 1,556.99
TOTAL INVESTMENTS
$449,383.36
$428,051.01
$ 21,332.35
Current Assets:
204-3 Petty Cash Fund
$ 250.00
$ 250.00
$ 0.00
205-2 Consumers' Deposit Fund
4,588.21
2,235.75
2,352.46
207-1 Accounts Receivable -
Consumers'
......
207-2
Accounts Receivable
21,685.58
19,167.67
2,517.91
129
85
Miscellaneous
11,999.22
15,913.21
3,913.99
209-1
Materials and Supplies
General:
23,155.59
31,028.29
7,872.70
Station Tools and Appli-
ances
714.97
726.46
11.49
Distribution Tools and
Appliances
3,166.97
2,032.44
1,134.53
Printing and Office Sup- plies
779.82
1,289.25
509.43
Office Improvement Sup- plies
2,218.29
1,164.98
1,053.31
Lamps and Appliances
21,769.76
14,411.49
7,358.27
Coal Supplies
176.20
1,575.16
1,398.96
Station Supplies
268.17
545.23
277.06
TOTAL CURRENT ASSETS .
$ 90,772.78
$ 90,339.93
$ 432.85
Prepaid Items 214 Prepaid Insurance
$ 1,598.20
$ 408.73
$ 1,189.47
TOTAL ASSETS
$541,754.34
$518,799.67
$ 22,954.67
LIABILITIES AND SURPLUS
Appropriations
301
Appropriations
for Con-
struction
$ 30,678.26
$ 30,678.26
$ 0.00
Bonds and Notes
305
Bonds Payable
$ 66,000.00
$ 77,500.00
$ 11,500.00
306
Notes Payable
1,300.00
3,600.00
2,300.00
TOTAL BONDS & NOTES
$ 67,300.00
$ 81,100.00
$ 13,800.00
Current Liabilities
308 Accounts Payable
$ 29,954.82
$ 32,732.82
$ 2,778.00
309 Consumers' Deposits
4,588.21
2,235.75
2,352.46
TOTAL CURRENT LIABIL-
ITIES
$ 34,543.03
$ 34,968.57
$ 425.54
Accrued Items
314
Interest Accrued on Bonds and Notes
$ 758.16
$ 893 95
$ 135.79
315
Other Accrued Items -
Loan Due-Town Treasuren
19,480.92
10,310.24
9,170.68
TOTAL ACCRUED ITEMS
$ 20,239.08
$ 11,204.19
$ 9,034.89
Appropriated Surplus
322 Loans Repayment
$291,600.00
$277,800.00
$ 13,800.00
TOTAL LIABILITIES
$444,360.37
$435,751.02
$ 8,609.35
Profit and Loss-Balance
$ 97,393.97
$ 83,048.65
$ 14,345.32
TOTAL LIAB. AND SURPLUS
$541,754.34
$518,799.67
$ 22,954.67
SCHEDULE "2" TOWN OF READING-MUNICIPAL LIGHTING DEPARTMENT
COMPARATIVE OPERATING STATEMENT - TWELVE MONTHS ENDING DECEMBER 31
Acct.
INCREASE
RATIOS
No.
Revenue from Sales of Electric Energy
1929
1928
DECREASE
1929
1928
E501-1
Metered Sales-Lighting
$ 0.00
$ 81,230.21
$81,230.21
35.4
E501-1 Metered Sales-Residence Lighting
128,638.20
42,721.41
85,916.79
52.2
18.6
E501-1- Metered Sales-Commercial Lighting ..
32,085.82
10,931.27
21,154.55
13.1
4.8
E501-2 Metered Sales-Heating and Cooking .
0.00
12,828.45
12,828.45
5.6
E501-2 Metered Sales-Commercial Heating ..
6,370.35
2,238.39
4,131.96
2.6
1.0
E501-1 Metered Sales-Combination
0.00
10,529.46
10,529.46
4.6
E501-3
Metered Sales-Power-Wholesale
5,592.25
10,451.74
4,859.49
2.3
4.6
E501-3
Metered Sales-Power-Retail
41,422.86
23,342.48
18,080.38
16.8
10.2
E505-1
Sales to Other Companies
359.44
202.84
156.60
1
.1
E505-2
Street Lighting
26,641.76
26,927.20
285.44
10.8
11.8
E505-3
Municipal Revenue
4,831.77
7,011.52
2,179.75
1.9
3.1
TOTAL REVENUE FROM SALES OF ELECTRIC ENERGY
$245,942.45
$228,414.97
$17,527.48
99.8
99.8
E508
Rent from Property used in Operation
$ 443.20
$ 443.65
.45
2
.2
TOTAL OPERATING REVENUE
$246,385.65
$228,858.62
$17,527.03
100.0
100.0
ยท
Electric Operating Expenses
1. Production
$ 71,418.27
$ 67,410.22
$ 4,008.05
29.1
29.5
2. Transmission and Distribution .
58,324.56
55,481.57
2,842.99
23.7
24.2
3. Utilization
8,985.10
7,879.66
1,105.44
3.6
3.5
4. Commercial
14,600.07
9,845.62
4,754.45
5.9
4.4
5. New Business
4,873.98
3,946.56
927.42
1.9
1.7
6. General and Miscellaneous
53,898.48
53,439.66
458.82
21.9
23.3
TOTAL OPERATING EXPENSES
$212,100.46
$198,003.29
$14,097.17
86.1
86.6
NET OPERATING REVENUE
$ 34,285.19
$ 30,855.33
$ 3,429.86
13.9
13.4
E550
Uncollectible Operating Revenue
$ 2,423.72
$ 2,771.83
$ 348.11
E551
Taxes Assignable to Electric Operations
693.28
624.09
69.19
NET OPERATING INCOME
$ 31,168.19
$ 27,459.41
$ 3,708.78
Non-Operating Income
E560
Merchandise and Jobbing Revenue ..
$ 462.17
$ 41.37
$ 420.80
E563
Interest Income
47.23
64.00
111.23
E566
Miscellaneous Non-Operating Income ..
3.00
36.25
33.25
TOTAL INCOME
$ 31,586.13
$ 27,601.03
$ 3,985.10
Deductions from Total Income
E576
Interest on Bonds and Notes
$ 3,440.81
$ 4,062.79
$ 621.98
NET INCOME
$ 28,145.32
$ 23,538.24
$ 4,607.08
..
188
SCHEDULE "3" TOWN OF READING MUNICIPAL LIGHT DEPARTMENT COMPARATIVE PROFIT AND LOSS ANALYSIS-DECEMBER 31
1929
1928
Increase Decrease
Balance-January 1
$ 83,048.65
$ 74,310.41
$ 8,738.24
Credits:
Net Income from Exhibit "B"
28,145.32
23,538.24
4,607.08
TOTAL CREDIT
$111,193.97
$ 97,848.65
$ 13,345.32
Charges:
Bonds Paid
$ 11,500.00
$ 11,500.00
Notes Paid
2,300.00
3,300.00
1,000.00
TOTAL CHARGES
$ 13,800.00
$ 14,800.00
1,000.00
Balance-December 31
$ 97,393.97
$ 83,048.65
$ 14,345.32
Net Increase in Profit and Loss
for year
$ 14,345.32
$ 8,738.24 $ 5,607.08
TOWN OF READING MUNICIPAL LIGHT DEPARTMENT COMPARATIVE DETAIL OF INCOME-JAN. 1 TO DEC. 31
1929
1928
Increase Decrease
Metered Sales-Lighting
Reading
See
$ 49,632.24 $ 49,632.24
Lynnfield Center
Residence
5,227.57
5,227.57
North Reading
Lighting
8,657.37
8,657.37
Wilmington
17,713.03
17,713.03
Total Lighting Income.
$ 81,230.21
$ 81,230.21
Metered Sales-Residence Lighting
Reading
$ 74,635.80
$ 24,319.68
$ 50,316.12
Lynnfield Center
9,576.49
3,121.64
6,454.85
North Reading
15,368.82
5,127.52
10,241.30
Wilmington
29,057.09
10,152.57
18,904.52
Total Res. Lighting Income.
$128,638.20
$ 42,721.41
$ 85,916.79
Metered Sales-Power-Retail
Reading
$ 31,919.72
$ 19,203.33
$ 12,716.39
Lynnfield Center
433.93
256.05
177.88
North Reading
3,235.16
2,173.78
1,061.38
8 89
Wilmington
5,834.05
1,709.32
4,124.73
Total Power Income
$ 41,422.86
$ 23,342.48
$ 18,080.38
Metered Sales-Cooking and Heating
Reading
See
$ 7,714.56
$ 7,714.56
Lynnfield Center
Commercial
656.44
656.44
North Reading
Heating &
2,012.30
2,012.30
Wilmington
Residence
2,445.15
2,445.15
Lighting
$
$ 12,828.45
$ 12,828.45
Total Cooking and Heating Inc. Metered Sales-Combination
Reading
See
$ 6,956.73
$ 6,956.73
Lynnfield Center
Residence
545.65
545.65
North Reading
Lighting
1,038.18
1,038.18
Wilmington
1,988.90
1,988.90
Total Combination Income
$
$ 10,529.46
$ 10,529.46
Metered Sales-Commercial Lighting
Reading
$ 21,371.94
$ 7,037.38
$ 14,334.56
Lynnfield Center
1,007.37
336.76
670.61
North Reading
3,702.67
1,429.55
2,273.12
Wilmington
6,003.84
2,127.58
3,876.26
Total Com. Lighting Income ..
$ 32,085.82
$ 10,931.27
$ 21,154.55
Metered Sales-Commercial Heating
Reading
$ 3,681.43
$ 1,334.19
$ 2,347.24
Lynnfield Center
377.34
82.02
295.32
North Reading
1,148.12
451.45
696.67
Wilmington
1,163.46
370.73
792.73
Total Com. Heating Income .
$ 6,370.35
$ 2,238.39
$ 4,131.96
TOWN OF READING MUNICIPAL LIGHT DEPARTMENT COMPARATIVE DETAIL OF INCOME-Jan. 1 to Dec. 31
Increase
1929
1928
Decrease
Metered Sales-Power Wholesale
Reading
$ 2,691.85
$ 7,456.31
$ 4,764.46
Lynnfield
105.91
105.91
North Reading
559.10
1,215.26
656.16
190
Wilmington
2,341.30
1,674.26 .
667.04
Total Commercial Power Inc ... Sales to Other Electric Companies
Wakefield
$ 105.84
$ 71.50
$ 34.34
Lowell
104.92
46.38
58.54
Lawrence
108.84
82.80
26.04
Peabody
6.24
2.16
4.08
Edison Electric Illuminating Co ..
33.60
33.60
Total Sales to Other Companies $ 359.44
$ 202.84
$ 156.60
Municipal Revenue
Street Lighting
Reading
$ 13,000.00
$ 13,500.00
$ 500.00
Lynnfield Center
2,121.73
1,971.28
150.45
North Reading
3,957.78
3,945.42
12.36
Wilmington
7,562.25
7,510.50
51.75
Total Street Lighting Income ..
$ 26,641.76
$ 26,927.20
$ 285.44
Buildings
Lighting
$ 1,808.50
$ 3,638.51
$ 1,830.01
Power
3,023.27
3,373.01
349.74
Total Income from Mun. Bldgs. $ 4,831.77
$ 7,011.52
$ 2,179.75
TOTAL INCOME FROM SALES OF ELECTRIC ENERGY
$245,942.45 $228,414.97 $ 17,527.48
NOTE:
Due to changes in classification of Income this year, certain parts of this exhibit are of no comparative value.
TOWN OF READING MUNICIPAL LIGHTING DEPARTMENT COMPARATIVE DETAIL OF OPERATING EXPENSES JANUARY 1 TO DECEMBER 31
1929
1928
Increase Decrease
Production Expenses
601 Superintendence and Labor ..
$ 585.96
$ 105.00
$ 480.96
606 Boiler Fuel
1,501.98
1,501.98
607 Water for Steam
59.50
74.95
15.45
608 Lubricants
73.36
73.36
609 Station Supplies
1,099.37
2,087.27
987.90
$ 5,592.25
$ 10,451.74
$ 4,859.49
19
611 Maintenance of Station Structures
772.36
695.21
77.15
612 Maintenance of Boiler Plant Equipment
225.72
756.97
531.25
613 Maintenance of Steam
En-
1.53
1.53
614 Maintenance of Turbo-Gen- erator Units
226.24
991.47
765.23
615 Maintenance of Electric Gen- erator Equipment
15.80
48.15
32.35
616 Maintenance of Accessory Electric Equipment .. 634 Electric Energy Purchased ...
32.73
23.47
9.26
66,898.61
62,552.84
4,345.77
Total Production Expense .. Transmission and Distribution
636 Transfor. Station and Sub- station Superintendence and Labor 637 Transfor. Station and Sub- station Supplies and Ex- pense 638 Operation of Transmission & Distribution Lines 639 Transmission and Distribution Supplies and Expense .. 640 Inspecting & Testing Meters 641 Removing & Resetting Meters 642 Removing & Resetting Trans- formers
$ 8,540.16
$ 8,684.51 $ 144.35
7,293.88
6,601.36
692.52
19,586.90
21,469.19
1,882.29
321.91
292.14
29.77
2,511.64
1,481.45
1,030.19
2,704.63
1,643.37
1,061.26
838.97
577.52
261.45
646 Maintenance of Transfer Station and Sub-Station.
310.26
310.26
647 Maintenance of Transmission & Distribution Lines .... 650 Maintenance of Consumers' Meters
15,530.40
13,626.70
1,903.70
322.07
213.34
108.73
651 Maintenance of Transformers
674.00
581.73
92.27
Total Transmission & Distribu- tion Expenses
$ 58,324.56
$ 55,481.57
$ 2,842.99
Increase
1929
1928
Decrease
Utilization Expenses
654 Municipal
Street
Lamps-
Labor
$ 879.17
$ 954.76 $ 75.59
$ 71,418.27
$ 67,410.22
$ 4,008.05
gines
192
655 Municipal Street Lamps-
Supplies and Expenses. .
1,765.01
2,027.90
262.89
657 Maintenance of Municipal
Street Lamps
821.95
1,786.93
964.98
659 Maintenance of Consumers' Installations
5,518.97
3,110.07
2,408.90
Total Utilization Expenses
$ 8,985.10
$ 7,879.66
$ 1,105.44
Commercial
660 Commercial Salaries
$ 10,741.95
$ 8,078.01
$ 2,663.94
661 Commercial Supplies and Ex- pense
3,858.12
1,767.61
2,090.51
Total Commercial Expenses ..
$ 14,600.07
$ 9,845.62
$ 4,754.45
New Business Expenses
662 New Business Salaries.
$ 1,833.75
$ 2,562.50
$ 728.75
663 New Business Supplies and
Expenses
15.67
15.67
664 Advertising
3,040.23
1,368.39
1,671.84
Total New Business Expenses. . $ 4,873.98
$ 3,946.56
$ 927.42
Miscellaneous and General Expenses 666 Salary of Manager
$
5,200.00
$ 5,200.00
$
667 Salaries of General Office
Clerks
4,104.00
5,793.09
1,689.09
668 General Office Supplies and Expenses
1,561.02
1,956.22
395.20
669 General Office Rents
1,774.09
410.22
1,363.87
671 Insurance
5,299.42
6,133.57
834.15
673 Accidents & Damages
75.00
62.44
12.56
674 Store Expenses
4,221.82
2,458.84
1,762.98
675 Transportation Expense
3,313.77
1,631.30
1,682.47
676 Inventory Adjustments
874.89
3,214.85
2,339.96
677 Maintenance of General
Structures
51.42
13.93
37.49
678 Depreciation
27,186.35
25,951.68
1,234.67
679 Miscellaneous General Exp ..
236.70
613.52
376.82
Total Miscellaneous and Gen- eral Expenses
$ 53,898.48
$ 53,439.66 $ 458.82
TOTAL OPERATING EXPENSES ... $212,100.46
$198,003.29
$ 14,097.17
193
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT ACCOUNTS PAYABLE-DECEMBER 31, 1929
DATE
NAME AMOUNT
Nov. and Dec.
General Electric Co. $ 783.87
Oct. Nov. and Dec. F. S. Hardy & Co.
165.72
Sept. to Dec. Geo. H. Wahn Co.
398.68
November Simplex Wire & Cable Co.
6.24
Oct. and Dec.
Landers, Frary & Clark
191.11
Nov. and Dec.
Kelvinator Sales Corp
736.16
Oct .- Dec.
Home Elec. Lt. & Pr. Equipment Co.
383.61
Nov .- Dec.
Edison Electric Illuminating Co.
13,785.80
Nov .- Dec.
Geo. H. Buckminster Co.
1,296.46
Nov .- Dec.
Vye Neill Co. 610.55
Oct .- Dec.
Wetmore Savage Elec. Supply Co. 414.75
Oct .- Dec.
National Lamp Works
828.31
Nov .- Dec.
Kelvinator Sales Cor. 100.65
104.08
Oct .- Dec.
Woburn Mach. Co.
329.57
December
Milhender Elec. Supply Co.
26.25
November
Electric Master, Inc.
383.00
November
L. B. Renfrew Gray
248.85
October
Whirldry Corporation 232.20
1,517.00
Oct .- Dec.
Walker & Pratt Mfg. Co.
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