USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1930 > Part 17
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Estimates have been prepared to cover the section of Main Street between Green Street and a point beyond the Old South Church, includ- ing the installation of Ornamental Street Lighting standards.
The cost of this work is estimated at $40,000. which includes the removal of all poles and wires between these two points.
If this work is extended through Haven Street from Main to High Streets the additional cost will be about $12,000.
The extension of the underground ducts and cables from Green Street to the Power Station would cost about $38,000 outside the station.
A new switchboard at the station will be required in the near future and this work should be done in conjunction with the under- ground service connections. The proper arrangement of underground cables, feeder regulators and switchboard cannot be made inside the present building. It seems best when this work is done to build a switch- board room at the north end of the station, large enough for the new board, feeder regulators and underground cable connections. This room would be 45x20 ft. with basement and would cost about $8,000. A 10-panel switchboard of the modern type would cost about $25,000.
230
I recommend that articles be inserted in the warrant for the an- nual town meeting covering the above improvements so that the voters may have an opportunity to decide whether or not any of this work should be done this coming year.
The auditor's report which follows gives in detail the financial in- formation pertaining to the operation of the plant, including Balance Sheet, Statement of Operations, Profit and Loss Account, also detail of Income and Expense accounts and Schedule of Bonds and Notes.
I submit herewith my estimate of the expenses and income of the plant for the year ending December 31, 1931, as required by law.
Estimate For 1931 Expenses
For Operation, Maintenance and Repairs $199,418.00
For Interest on Bonds 2,975.00
For Depreciation at 4% on Cost of Plant 30,609.33
For Bond Payments
13,000.00
For Taxes
2,000.00
For Uncollectible Operating Revenue
2,000.00
Total Expenses
$250,002.33
Income
From Sales to Private Consumers
$255,808.56
From Sundry Sales
500.00
From Interest on Consumers Deposits
100.00
From Tax Levy :
For Municipal Departments $ 7,810.00
For Street Lights
13,500.00
21,310.00
Total Income $277,718.56
Data from the records of the, Plant is given in the following pages of this report.
Respectfully submitted, ARTHUR G. SIAS, Manager.
The reports of the Manager and Auditor as herewith submitted are hereby approved.
HENRY R. JOHNSON
HERBERT G. EVANS
HARRY P. BAKER Municipal Light Board.
PLANT INVESTMENT ACCOUNTS-ELECTRIC
Balance 1930 1930
Balance
Plant Investment:
Land
$ 2,575.80
$ 2,575.80
Structures
20,900.09
20,900.09
Structures-Garage
16,060.51
$ 885.04
15,175.47
Boiler Plant Equipment
27,888.62
2,787.84
25,100.78
Prime Movers and Aux.
11,645.34
1,160.53
10,484.81
Turbo Gen. Units . .
18,094.98
1,874.83
16,220.15
Electric Plant-Steam
26,865.36
$. 7,499.62
1,886.30
32,478.68
Poles, Fixt. & Overhead Cond ..
211,520.55
25,612.17
13,774.52
223,358.20
Consumers' Meters
40,627.36
1,171.24
2,462.10
39,336.50
Consumers' Meters Install
6,440.88
445.00
365.77
6,520.11
Line Transformers
39,466.31
3,197.43
2,439.99
40,223.75
Line Transformers Install.
4,346.87
210.00
272.91
4,283.96
Street Lighting Equipment
8,825.35
477.21
1,137.84
8,164.72
Consumers' Premises Equip .. . . ..
196.84
17.15
179.69
Total Plant Investment ..
$435,454.86
$38,612.67
$ 29,064.82
$445,002.71
General Equipment:
Office Equipment
$ 7,887.55
$1,005.17
$ 466.41
$ 8,426.31
Stores Equipment
582.66
13.50
596.16
Transportation Equipment
4,200.00
4,191.50
2,430.50
5,961.00
Laboratory Equipment
1,258.29
126.13
1,384.42
Miscellaneous Equipment
2,218.29
38.92
221.83
2,035.38
Total General Equipment
$ 16,146.79
$ 5,375.22
$ 3,218.74
$ 18,403.27
Grand Total
$451,601.65
$ 43,987.89
$ 32,183.56
$463,405.98
Jan. 1, 1930
Additions
Deprec.
Dec. 31, 1930
...
232
TOTAL COST OF PLANT As of December 31, 1930
Cost of Land $ 2,575.80
Cost of Structures
44,252.47 $ 46,828.27
Generating Plant-Steam :
Cost of Boiler Plant Equipment. $ 69,696.71
Cost of Prime Movers and Auxiliaries. 29,013.38
Cost of Turbo Generator Units 46,870.83
Cost of Electric Plant-Steam 54,657.37 $200,238.29
Transmission, Distribution and Storage:
Cost of Poles, Fixt. & Overhead Cond ... $350,346.91
Cost of Consumers Meters 62,723.75
Cost of Consumers Meters Installations ..
9,589.40
Cost of Line Transformers 64,197.23
Cost of Transformers Installations
7,032.88
$493,890.17
Utilization Equipment :
Cost of Street Lighting Equipment $ 26,423.40
Cost of Consumers Premises Equipment . 428.99 $ 26,852.39
Total Cost of Electric Plant as shown by
books
$767,809.12
Cash Balances At Close of Year
Petty Cash Fund (Due Treasurer) $ 250.00
Depreciation Fund Account
Debits
Balance of account at beginning of year
none
Amount transferred from Income $ 29,064.82
Total $ 29,064.82
Credits
Amount expended for construction purposes $ 27,613.42
Balance on hand at close of year $ 1,451.40
233
Materials and Supplies
Materials and Supplies $ 34,342.10
Electric Appliances
23,296.85
Coal
641.67
Oil
41.68
Total
$ 58,322.30
Construction Fund
Debits
Balance at beginning of year
none
Transferred from Depreciation Fund
$ 27,613.42
Construction sold during year
1,603.15
Total
$ 29,216.57
Credits
Amount expended for Additions and Extensions $ 29,216.57
Balance at close of year
none
Construction Fund-Special
Appropriation
$15,000.00
Bond Premium and Interest
124.00
$ 15,124.00
Expenditures :
Feeder Regulators at Station
$ 5,743.73
Lynnfield Center Feeders
2,998.07
Wilmington Feeders
$ 1,273.08 $ 10,014.88
Balance on hand December 31, 1930
$ 5,109.12
Operation Fund Debits
Balance at beginning of year
$.19,230.92
Received from Sale of Electricity
254.891.46
Received from appropriations for Street Lights
12,000.00
Received from Miscellaneous Items
52,918.61
Total Debits
$300,579.15 -
Credits
Expenditures for Operating Accounts
$243,041.26
Bonds Paid
11,500.00
Notes Paid
1,300.00
Interest Paid
3,148.66
234
Amount Transferred to Depreciation Fund .. . . 27,613.42
Total Credits $286,603.34
Balance Due Treasurer 13,975.81
$300,579.15
Data From Records of Plant
Kilowatt Hours Manufactured
Kilowatt Hours Purchased
7,050,708
Kilowatt Hours for Reading Street Lights
298,730
Kilowatt Hours Sold 5,706,105
Kilowatt Hours Used at Station and Office
52,117
Kilowatt Hours Used for Christmas Decorations
14,264
Kilowatt Hours Unaccounted for
979,492
Coal Used-Net Tons
150
Average Cost of Coal per Net Ton
$5.75
Poles Added
377
Poles Renewed
591
Feet of Wire Added
261,262
New Services Installed
341
New Street Lamps Installed
38
Connected Load December 31, 1930
Number of Customers
5380
Horse Power in Motors
1592
Number of Public Street Lights
1729
Number of Private Street Lights
29
Reading
Number of Customers December 31, 1930 2,918
Number of 40 candle power public street lights
3
Number of 60 candle power public street lights
546
Number of 100 candle power public street lights
15
Number of 250 candle power public street lights
73
Number of 400 candle power public street lights
30
Number of 600 candle power public street lights
1
Number of 1000 candle power public street lights
56 .
Number of 60 candle power private street lights
15
Number of 100 candle power private street lights
3
Number of 250 candle power private street lights
1
Horse Power in Motors 1,342
Income for vear
$163,715.15
235
Lynnfield Center
Number of Customers December 31, 1930 424
Number of 40 candle power public street lights 167
Number of 40 candle power private street lights
0
Horse power in motors 25
Income for year
$ 15,275.35
North Reading
Number of Customers December 31, 1930
758
Number of 40 candle power public street lights
306
Number of 40 candle power private street lights 6
Horse power in motors 162
Income for year
$ 23,914.17
Wilmington
Number of Customers December 31, 1930 1,251
Number of 40 candle power public street lights 505
Number of 600 candle power public street lights
6
Number of 50 watt public street lights 13
Number of 300 watt public street lights
8
Number of 40 candle power private street lights
4
Horse power in motors
63
Income for year
$ 58,986.79
Cost of Distribution System in Outside Towns. North Reading
Total Investment December 31, 1930 :
Poles, Fixtures and Overhead Cond. $ 63,994.14
Consumers Meters 9,150.11
Line Transformers 7,547.96
Street Lighting Equipment
2,897.92
$ 83,590.13
Lynnfield Center
Total Investment December 31, 1930:
Poles, Fixtures and Overhead Cond. $ 28,078.98
Consumers' Meters
4,674.24
Line Transformers 2,593.96
Street Lighting Equipment
1,790.56 $ 37,137.74
Wilmington
Total Investment December 31, 1930 :
Poles, Fixtures and Overhead Cond. $106,058.10
Consumers' Meters
13,975.34
Line Transformers 8,971.17
Street Lighting Equipment 4,224.83
$133,229.44
Total Investments-Outside Towns
$253,957.31
Income-Outside Towns
$103,176.31
TABLE A
Income from
$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
1928
228,414.97
585.27
13,500.00
none
67,410.22
63,361.23
44,676.08
4,062.79
25,951.68
14,800.00
682,234.74
1929
245,942.45
861.14
13,000.00
none
71,418.27
67,309.66
49,303.18
3,440.81
27,186.35
13,800.00
729,196.45
1930
266,891.46
1,995.34
12,000.00
none
79,991.86
77,764.90
48,720.62
3,148.66 29,064.82
12,800.00
767,809.12
December 31
Year
Sale of
Electricity
Income from
Other Sources
Appropriations
from Tax Levy
Street Lights
Appropriations
from Tax Levy
Construction
Production
Distribution
and Utilization
Miscellaneous
Expense
Interest
Depreciation
Bond and
Note Payments
Total Cost
of Plant
Įfor
for
Expense
Expense
1910
TABLE B
Year
K. W. H
Generated
K. W. H
Purchased
K. W. H. Sold
K. W. H.
Delivered to
Read'g St. Lights
K. W. H. Used at
Stat'n Stock R'm
& Appliance R'm
Unaccounted for
Net Tons of
Coal Used
Average Cost of
Coal Per Ton
Number of
Customers
Number of
Street Lights
Horse Power in Motors
1910
698,597
300,861
227,100
16,269
154,367
1,748.3
3.461
738
269
116 1-2
1911
771,011
367,317
244,055
15,403
144,236
1,807.6
3.341
888
382
215
1912
919,282
481,801
242,033
13,307
182,141
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
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
1928
none
5,097,768
3,898,620
259,482
25,625
914,041
204
6,354
5,085
1,655
1,723.5
1929
103,985
6,362.853
5,240,360
278,217
56,368
1,163,488
378
6.783
5,221
1,723
2,354.25
1930
none
7,050,708
5,355,542
298,730
52,117
985,450
150
5.75
5,380
1,758
1,592
K. W. H
238
TABLE C Production Costs Per K. W. H. Based on Total K. W. H. Delivered at Switchboard
K. W. H.
Repairs and other
Total Costs
Year
Purchased
Fuel
Labor Station Expense
1910
.0036
.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
1928
.01227
None
.00170
.00225
.01622
1929
.01051
.01444
.00141
.00150
.01349
1930
.01106
None
.00124
.00127
.0136
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 1927 1928 1929 1930
Operating Costs : . 0640 .0561 .0494 .0377 .0442 .0448 .0395 .0414 .0359 .0344
Fixed Costs :
.0330 .0278 .0185 .0138 .0131 .0129 .0115 .0116 .0085 .0075
Total Costs : .0970 .0839 .0679 .0515 .0573 .0577 .0510 .0530 .0444 .0419
TOWN OF READING-MUNICIPAL LIGHT DEPT: Accounts Payable-December 31, 1930
Total
Dec.
Nov.
Oct. & Prev.
Wheeler Reflector Company
$ 278.49
$ 278.49
George H. Buckminster Co.
1,416.77
$ 638.23
191.37
$ 587.17
Wetmore-Savage Elec. Sup. Co
1,474.08
384.87
529.96
559.25
Watertown Elec. Sup. Co.
27.75
14.50
13.25
George H. Wahn Company
381.90
213.47
168.43
Ray H. Smith
504.69
421.25
83.44
Charles W. McCauley
12.96
12.96
Edward Langer Printing Co., Inc.
25,00
25.00
Kelvinator Sales Corp.
151.34
51.80
99.54
Home El. Lt. & Pow. Equip. Co.
9.00
9.00
Electromaster, Inc.
.20
3.00
3.20
Edison Elec. Ill. Co.
15,601.13
8,333.44
7,267.69
Van I. Bennett
90.61
32.65
57.96
M. W. Vye Company
136.93
10.88
126.05
Shadecraft Studios, Inc.
5.00
5.00
Robbins-Phalon Co.
201.03
198.01
3.02
Landers, Frary & Clark
182.84
39.15
143.69
Greist Mfg. Co.
44.55
7.28
37.27
Foote-Burt Co.
1.47
2.54
4.01
Eureka Vacuum Cleaner Co.
237.43
235.91
1.52
Electric Time Company
361.50
271.67
89.83
Dyer-Clark Co. .
678.92
659.40
19.52
Addressograph Sales Agency
4.27
4.27
Accounts Payable-December 31, 1930 (Continued)
Total
Dec.
Nov.
Oct. &
Prev.
M. S. Wright Company
10.00
10.00
Wagner Electric Corp.
9.17
9.17
National Lamp Works
1,030.63
373.12
61.96
595.55
Hobbs & Warren, Inc.
$
14.26
$
14.26
Commonwealth of Massachusetts
233.70
233.70
One-Minute Mfg. Co.
257.51
257.51
Wakefield Item Company
3.50
3.51
Waters-Genter Co.
6.54
6.54
T. of W. Tree Warden's Dept.
15.38
15.38
Wilmington News
35.00
35.00
Frank Burke
99.00
99.00
Cummings Express Company
11.30
11.30
E. E. Harnden
51.68
51.68
Elmore L. Howe
3.57
3.57
Charles Tasney
46.61
46.61
Fred M. Blair
2.80
2.80
Clapp & Leach, Inc.
85.14
85.14
Louis Davis
5.25
5.25
Davis & Abbott
1.00
1.00
Electracraft Corp.
3.07
3.07
George I. Feldman
Company
87.25
87.25
T. C. Fife, Inc. ...
2.25
2.25
Frigidaire Sales Corp.
9.98
9.98
F. S. Hardy & Co. .
453.15
453.15
.
.
Hygrade Lamp Company
232.57
232.57
D. M. Laffin
22.25
22.25
McCaskey Register Company
3.38
3.38
Prentiss & Parker
1,066.09
1,066.09
Robeson-Rochester Corp.
14.24
14.24
Sager Electric Supply Co.
8.69
8.69
Voye Electric Supply Co.
46.24
46.24
West. Elec. & Mfg. Co
49.03
49.03
Whirldry Corp.
5.80
5.80
G. H. Atkinson Company
.80
.80
M. F. Charles
17.10
17.10
Martin B. Hartshorn
1,756.67
1,756.67
Reading Chronicle
89.25
89.25
Percy N. Sweetser
20.65
20.65
Artfilm Studios, Inc.
50.00
50.00
Wendell Bancroft & Co.
15.73
15.73
Francis Bros.
66.27
66.27
General Equipment Corp.
7.00
7.00
Kenney Service Station
184.39
184.39
N. E. Advertising Co. .
12.00
12.00
N. E. Tel. & Tel. Co. (Service Charges)
96.18
96.18
T. of R. Sewer Dept.
10.50
10.50
Sel-Plus Service
15.00
15.00
Fred F. Smith
1.25
1.25
Harry E. Smith
737.12
737.12
S. R. Stembridge Co.
2.50
2.50
Aetna. Electric Appliance Co.
6.24-
-6:24
Donaldson Lithographing Co.
23.40
23.40
.
.
Accounts Payable-December 31, 1930 (Continued)
Total
Dec.
Nov.
Oct. & Prev.
Hodson Bros.
.95
.95
Alex Lindsay
3.00
3.00
Railway Express Agency, Inc.
9.10
9.10
Reading Motor Company
17.28
17.28
Simplex Wire & Cable Co.
44.47
44.47
Standard Electric Stove Co.
13.44
13.44
W. H. Willis
2.75
2.75
T. of R. Tree Warden's Dept.
213.75
213.75
Clark & Mills Electric Co.
40.88
40.88
Morandi-Proctor Co.
93.62
7.20
100.82
G. E. Supply Co. ....
272.70
88.51
184.19
Milhender Electric Supply Co ..
87.22
78.93
8.29
Mathias-Hart Co.
52.31
10.65
41.66
Howland Lamp Company
6.12
6.12
Chicago Flexible Shaft Co.
4.05
4.05
Yawman & Erbe Mfg. Co.
32.22
17.17
15.05
Webster-Thomas Co.
111.26
111.26
H. B. McArdle
27.90
13.90
14.00
Eastern Mass. St. Ry. Co.
36.38
16.38
20.00
Carpenter Mfg. Co.
32.40
32.40
Walker & Pratt Mfg. Co.
803.64
507.43
200.97
95.24
Seeger Refrigerator Co.
2.10
2.19
H. L. Abbott
3.00
3.00
Barry Motor Sales
31.67
29.55
2.12
General Electric Company
63.96
63.96
Graybar Electric Co., Inc.
47.85
47.85
Lowell Electric Light Corp.
28.71
16.86
11.85
N. E. Tel. & Tel. Co. (pole line' a/c)
1,745.50
1,516.98
228.52
H. F. Walker
25.00
25.00
Andrews Paper Company
7.50
7.50
J. Brinton Bailey
4.50
4.50
William C. Barrett
1.05
1.05
Boston & Maine R. R.
6.26
5.26
Gulf Refining Company
57.24
57.24
Total Accounts Payable
$ 32,781.02
$ 20,709.01
$ 10,236.90
$ 1,835.11
.
.
.
.
·
.
244
LIST OF EMPLOYEES BONDED
Item Name
Position
Amount
3 George M. Roundy
Collection Ag. L. C.
$1000.00
4 Clarence L. Thomas
Asst. Sup. Dist.
Rea.
1000.00
6 Arthur G. Sias
Manager
Rea.
1000.00
8 Edward O. Herrick
Service Dept. Mgr. Rea.
1000.00
10 John R. Anderson
Service
Rea. 1000.00
16 Paul E. Lane
Rec. Room Clerk
Rea.
1000.00
18 Charles E. Tasney
Sales & Collection
Rea.
1000.00
21 Hazel C. Ainsworth
Cashier
Rea. 1000.00
22 Christine Cheney
Ledger Clerk
Rea.
1000.00
24 John W. Babine
St. Lt. Service
Rea.
1000.00
25 Kathleen H. Merritt
Ledger Clerk
Rea. 1000.00
26 Edward E. Harnden
Salesman
Rea. 1000.00
29 Ralph G. Babcock
Office Manager
Rea.
1000.00
30 Benjamin J. Downs
Meter Reader
Rea.
1000.00
31 Leonard C. Whittredge
Bookkeeper
Rea.
1000.00
32 Doris S. Parker
Sales Clerk
R.ea.
1000.00
33 Joseph B. McMahon
Collector
Wilm.
1000.00
34 Harold R. Metcalf
Meter Reader
Rea.
1000.00
36 Merrill P. Reed
Service
Rea.
1000.00
37 Frank J. Burke
Salesman
Somer.
1000.00
39 S. Leslie Bertwell
Service
Rea.
1000.00
40 Iris L. Birnie
Stenographer
Rea. 1000.00
41 Hector Gianascol
Meter Tester
Rea. 1000.00
42 Lyman E. Abbott
Collection Agent
N. R.
1000.00
TOWN OF READING MUNICIPAL LIGHT DEPARTMENT Report of Audit Year Ended December 31, 1930
January 21, 1931.
To the Municipal Light Board,
Reading, Massachusetts.
Gentlemen: In accordance with your request, we have audited the books of account of the Electric Light Department for the year ended December 31, 1930, and submit the following :
Exhibits
A-Comparative Balance Sheet as at December 31, 1930-1929.
B-Comparative Statement of Operations for the twelve months ended December 31, 1930-1929.
245
C-Comparative Analysis of Profit and Loss Account for the twelve months ended December 31, 1930-1929.
Schedules
1-Comparative Detail of Income for the twelve months ended December 31, 1930-1929.
2-Comparative Detail of Operating Expenses for the twelve months ended December 31, 1930-1929.
3-Detail of Bonds and Notes authorized and outstanding as of December 31, 1930.
4-Comparative schedule of Income and Kilowatt hours sold by towns for the twelve months ended December 31, 1930-1929.
In explanation of certain accounts and of the extent of our audit we comment as follows :
Plant Investment-$445,002.71
There was new construction amounting to $38,612.67 made during the year ended December 31, 1930, of which $25,612.17 was incurred for the improvement and extension of lines, and $7,499.62 for improvement of the Electric Plant.
Depreciation charges for 1930 amounted to $29,064.82, the basis being 4% of the cost of Plant Investment as at the beginning of the year. Depreciation charges are applied directly against Plant Invest- ments, therefore the amounts shown in the accompanying Exhibit A are depreciated values.
General Equipment-$18,403.27
This represents the fair inventory value of the various equipment as of December 31, 1930. Book accounts were adjusted to conform with these inventory values as shown in Exhibit A.
There appeared to be an increase of $2,256.48 during the year. Petty Cash Fund-$250.00
An examination of this fund revealed the following :
Cash counted and proper office receipts representing petty dis- bursements-$241.94. Collectors' change fund (not counted)-$10.00- reflecting an overage of $1.94.
We recommend that a cashier's daily over and short report be used.
Construction Fund Special-$5,109.12
This fund was created by a $15,000.00 bond issue, from which payments were made as prescribed by bond agreement.
Verification was made with the records of the Town Treasurer. Depreciation Fund-$1,451.40
An unexpended balance of this fund as of December 31, 1930, represents the excess depreciation for the year over expenditures for general new construction made.
246
Consumers' Deposit Fund-$5,904.75
This fund represents the cash reserved for an equal amount of the Department's liability to customers for guarantee deposits as of December 31, 1930.
We examined a pass book of the Mechanics Savings Bank bal- ance of which was in accord with the books of account.
Accounts Receivable Consumers'-$20,355.79
Individual consumers' ledger balances as of December 31, 1930, were checked to controls which agreed as of that date.
There appeared to be accounts totaling $2,377.62 or 11.5% of the total amount outstanding which were 90 days or more in arrears.
There was $1,278.75 charged off as "Bad Debts" in this classifica- tion of receivables for the year.
No direct verification was made.
Accounts Receivable-Miscellaneous -- $13,291.15
Individual accounts were checked in detail and found to be in balance with the General Ledger control as of December 31, 1930.
There was $487.81 charged off as "Bad Debts" during the year.
It appeared that there were some accounts ranging from 1923 to 1929 inclusive, still outstanding as at the date of examination. A summary of these is as follows :
1929
$ 400.41
1928
344.04
1927
159.59
1926
284.72
1925 and prior
756.56
Total
$1,945.32
The installment jobbing accounts are kept on the same type of ledger card as the regular jobbing accounts. It is very difficult to de- termine the delinquent status of these accounts on this type of record due to the lack of information appearing on the ledger cards.
We recommend that installment or lease sales be recorded on a special ledger account, which will reflect the necessary information, without consulting the lease.
No direct verification of outstanding balances was made.
Materials and Supplies-$58,322.30
Inventories of the various supply accounts, taken by the depart- ment employees were furnished us priced and extended which were used as a basis of an adjustment as of December 31, 1930.
Inventories were not checked by us.
Insurance Premiums Unexpired-$882.94
This represents the unexpired portion of insurance premiums as of December 31, 1930, computed from policies furnished us.
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