USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1930 > Part 18
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247
Appropriation for Construction-$30,678.26
No appropriations from general tax levy for construction pur- poses have been made during the year.
Bonds Payable-$69,500.00
There were bonds amounting to $11,500.00 retired during the year.
Bonds in the amount of $15,000.00 were issued during the year at the rate of 4% per annum. These bonds were authorized in March' 1930, and were dated June 1, 1930, maturing in 10 years. The provisions for retirement of this issue are $2,000.00 each year for the first five years beginning June 1, 1931, and $1,000.00 each year for the next five years. Interest is payable June 1, and December 1, of each year.
Verification was made with the records of the Town Treasurer of balances outstanding at the end of the year.
Accounts Payable-$32,781.02
A schedule of unpaid creditors accounts as of December 31, 1930, was furnished us which agreed with the General Ledger Control.
These invoices are aged as follows :
December invoices $20,709.01
November invoices 10,236.90
October and prior 1,835.11
Total $32,781.02
Consumers' Deposits-$5,904.75
Ledger card accounts were examined as of December 31, 1930, which agreed with the control.
Interest on these deposits appeared to have been credited to con- sumers' accounts at the rate of 4% per annum for such deposits which had been in the custody of the Department for six months or more.
Interest Accrued on Bonds-$665.82
This represents the interest accrued but not due on the balance of various issues, as shown in Schedule 3.
Other Accrued Items-Due Town Treasurer-$14,225.81
This represents the excess payments over receipts made by the Town Treasurer as of December 31, 1930. Balance December 31, 1929 $ 19,480.92
Balance December 31, 1930 14,225.81
Decrease during 1930 $ 5,255.11
Interest on amounts advanced by the Town Treasurer is not ac- crued on the books of the Lighting Department.
248
Loans Repayment-$304,400.00
This account shows an increase of $12,800.00 during the year, which is the total of bonds retired during the year of $11,500.00, to- gether with notes paid of $1,300.00 as shown in Schedule 3.
Profit and Loss-$110,799.23
There is shown in Exhibit C an analysis of this account for the year ended December 31, 1930, which reflects a Net Increase of $13,405.26 after taking into consideration the retirement of bonds and notes amounting to $12,800.00.
Operating Revenue-$267,334.56
This revenue shows an increase of $20,948.91 or 8.5% over 1929.
Operating Expenses-$233,000.41
These expenses show an increase of $20,899.95 or 9% over 1929.
General Comments:
We examined a list of bonded employees, which appeared to be covered for $1,000.00 each, and we question whether or not certain em- ployees' bonds should be increased.
No consideration is given in the attached Exhibits for accrued wages as at December 31, 1930.
We again refer to our recommendation of last year in regard to control of materials and supplies.
Respectfully submitted,
CHARLES E. STANWOOD & SONS, INC.
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE BALANCE SHEET-DECEMBER 31 EXHIBIT-A
Plant Investments:
ASSETS
111 Land
$
2,575.80 $ 2,575.80 $
-. 00
113
Structures
36,075.56
36,960.60
885.04*
114 Boiler Plant Equipment ..
25,100.78
27,888.62
2,787.84*
115
Prime Movers and Auxili- aries
10,484.81
11,645.34
1,160.53*
116
Turbo-Generator Units ..
16,220.15
18,094.98
1,874.83*
117
Electric Plant-Steam ...
32,478.68
26,865.36
5,613.32
125
Poles, Fixtures and Over- head Conductors
223,358.20
211,520.55
11,837.65
128
Consumers' Meters
39,336.50
40,627.36
1,290.86*
1930
1929
Increase Decrease*
249
129
Consumers' Meters Instal- lations ..
6,520.11
6,440.88
79.23
130
Line Transformers
40,223.75
39,466.31
757.44
131
Transformer Installations .
4,283.96
4,346.87
62.91*
132
Street Lighting Equipment
8,164.72
8,825.35
660.63*
133
Consumers' Premises Equip.
179.69
196.84
17.15*
TOTAL PLANT INVESTMENT $445.002.71 $435,454.86 $ 9,547.85
General Equipment:
150
Office Equipment
$
8,426.31 $ 7,887.55 $
528.76
152 Stores Equipment
596.16
582.66
13.50
153 Transportation Equip.
5,961.00
4,20 0.00
1.761,00
154
Laboratory Equipment
1,384.42
1,258.29
126.13
155
Miscellaneous Equipment .
2,035.38
2,218.29
182.91*
TOTAL GENERAL EQUIPMENT $ 18,403.27
$ 16,146.79
$ 2,256.48
TOTAL INVESTMENTS
$463,405.98 $451,601.65 $ 11,804.33
Current Assets:
204-3 Petty Cash Fund
250.00
250.00
-. 00
204-4 Construction Fund Special
5,109.12
-. 00
5,109.12
205-1 Depreciation Fund
1,451.40
-. 00
1,451.40
205-2
Consumers' Deposit Fund
5,904.75
4,588.21
1,316.54
207-1
Accounts Receivable-Con- sumers'
20,355.79
21,685.58
1,329.79*
207-2 Accounts Receivable-Mis- cellaneous
13,291.15
11,999.22
1,291.93
209-1
Material and Supplies Gen- eral :
29,464.28
23,155.59
6,308.69
2 Station Tools and Appli- ances
391.91
714.97
323.06*
3 Distribution Tools and Ap- pliances
3,236.82
3,166.97
69.85
4 Printing and Office Sup- plies
837.70
779.82
57.88
5
Lamps and Appliances
23,296.85
21,769.76
1,527.09
6 Coal Supplies
641.67
176.20
465.47
9 Station Supplies
453.07
268.17
184.90
TOTAL CURRENT ASSETS
$104,684.51 $ 88,554.49 $ 16,130.02
250
Prepaid Items:
214 Prepaid Insurance
$ 882.94 $ 1,598.20 $ 715.26*
TOTAL ASSETS
$568,973.43
$541,754.34 $ 27,219.09
LIABILITIES AND SURPLUS
Appropriations:
1930
1929
Decrease* Increase
301 Appropriations for Con-
struction
$ 30,678.26 $ 30,678.26
$
-. 00*
Bonds and Notes Payable:
305 Bonds Payable
$ 69,500.00 $ 66,0 00.00
$ 3,500.00
306 Notes Payable
-. 00
1,300.00
1,300.00*
TOTAL BONDS AND NOTES
$ 69,500.00 $ 67,300.00 $
2,200.00
Current Liabilities:
308 Accounts Payable
$ 32,781.02 $ 29,954.82 $ 2,826.20
309 Consumers' Deposits
5,904.75
4,588.21
1,316.54
TOTAL CURRENT LIAB.
$ 38,685.77 $ 34,543.03 $
4,142.74
Accrued Item's:
314 Interest Accrued on Bonds and Notes
$ 665.82 $
758.16 $
92.34*
315 Other Accrued Items-Loan
Due-Town Treasurer ..
14,225.81
19,430.92
5,255.11*
316 Bond Premium
18.54
-. 00
18.54
TOTAL ACCRUED ITEMS
$ 14,910.17 $ 20,239.08
$ 5,328.91*
Appropriated Surplus:
322 Loans Repayment
$304,400.00 $291,600.00 $ 12,800.00
TOTAL LIABILITIES
$458,174.20 $444,360.37 $ 13,813.83
400 Profit and Loss Balance- Exhibit C
110,799,23
97,393.97
13,405.26
TOTAL LIAB. AND SURPLUS
$568,973.43
$541,754.34 $ 27,219.09
Exhibit-B
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE STATEMENT OF OPERATIONS FOR THE TWELVE MONTHS ENDED DECEMBER 31
RATIOS
Revenue from Sales-Electric Energy:
1930
1929
INCREASE DECREASE*
1930
1929
501-1 Metered Sales-Residence Lighting ....
$143,571.90
$128,638.20
$14,933.70
53.7
52.2
501-1 Metered Sales-Commercial Lighting ..
34,599.15
32,085.82
2,513.33
12.9
13.1
501-2 Metered Sales-Commercial Heating ...
6,942.82
6,37 0.35
572.47
2.6
2.6
501-3 Metered Sales-Wholesale Power
18,538.47
5,592.25
12,946.22
6.9
2.3
501-3 Metered Sales-Retail Power
33,804.59
41,422,86
7,618.27*
12.7
16.8
505-1 Sales to other Companies
507.24
359.44
147.80
2
1
505-2 Street Lighting
25,957.92
26,641.76
683.84*
9.7
10.8
505-3 Municipal Buildings-Light and Power .
2,969.37
4,831.77
1,862.40*
1.2
1.9
TOTAL REVENUE FROM SALES- ELECTRIC ENERGY
$266,891.46
$245,942.45
$20,949.01
99.9
99.8
508
Rent from Property used in Operation ..
443.10
443.20
10*
1
2
TOTAL OPERATING REVENUE ....
$267,334.56
$246,385.65
$20,948.91
100.0
100.0
Electric Operating Expenses:
I Production
$ 79,991.86
$ 71,418.27
$ 8,573.59
29.9
29.1
II Transmission and Distribution
67,613.02
58,324.56
9,288.46
25.3
23.7
III Utilization
10,151.88
8,985.10
1,166.78
3.8
3.6
IV Commercial
14,200.66
14,600.07
399.41*
5.3
5.9
V New Business
3,691.30
4,873.98
1,182.68*
1.4
1.9
.
.
COMPARATIVE STATEMENT OF OPERATIONS FOR THE TWELVE MONTHS ENDED DECEMBER 31
Exhibit-B Continued
1930
1929 53,898.48
3,453.21
21.5
21.9
TOTAL OPERATING EXPENSES . .
$233,000.41
$212,1 00.46
$20,899.95
87.2
86.1
NET OPERATING REVENUE
$ 34,334.15
$ 34,285.19
LA 48.96
12.8
13.9
Deductions:
550 Uncollectible Operating Revenue
$ 1,731.56
$ 2,423.72
$ 692.16*
551 Taxes Assignable to Electric Operations . TOTAL DEDUCTIONS NET OPERATING INCOME
810.23
693.28
116.95
$ 2,541.79
$ 3,117.00
$ 575.21*
$ 31,792.36
$ 31,168.19
$ 624.17
Non-Operating Income:
560 Merchandise and Jobbing Revenue .
$ 2,543.33
$ 462.17
$ 3,005.50*
563 Interest Income .
104.89
47.23
152.12
566 Miscellaneous Non-Operating Income . . .
-. 00
3.00
3.00*
TOTAL NON-OPERATING INCOME
$ 2,438.44
$ 417.94
$ 2,856.38*
TOTAL INCOME
$ 29,353.92
$ 31,586.13
$ 2,232,21*
Deductions from Total Income: 576 Interest on Bonds and Notes NET INCOME-EXHIBIT C
$ 3,148.66
$ 3,44 0.81
$ 292.15*
$ 26,205.26
$ 28,145.32
$ 1,940.06*
1930
1929
VI General and Miscellaneous
57,351.69
INCREASE DECREASE*
RATIOS
TOWN OF READING MUNICIPAL LIGHT DEPARTMENT BONDS AND NOTES AUTHORIZED AND OUTSTANDING AS OF DECEMBER 31, 1930
Schedule 3
DS:
of
Date
Authorized
August 1894
Date Issued 10- 1-1894
Original Issue $ 50,000.00
Payments of Principal $1000. yearly 10 years 2000. yearly 20 years
Int. 4%
Int. Payable Apr. 1-October 1
$
-. 00
$ -. 00
$ -. 00
May
1907
10- 1-1907
26,000.00
1000. yearly 26 years
41/2 Apr. 1-Oct. 1
1,000
3,000.00
33.75
June
1911
7-15-1911
20,000.00
2000. yearly 10 years
4
Jan. 15-July 15
-. 00
-. 00
-. 00
August
1913
10-15-1913
23,500.00
41/4 Apr. 15-Oct. 15
1,000.00
2,000.00
17.71
Sept.
1914
9-15-1914
8,000.00
41/2 Mar. 15-Sept. 15
500.00
-. 00
-. 00
March
1916
5-15-1916
10,000.00
500. yearly 20 years
4 Nov. 15-May 15
500.00
3,000.00
15.00
March
1917
10- 1-1917
55,000.00
3000. yearly 18 years
41/2 Apr. 15-Oct. 15
3,000.00
16,000.00
180.00
1000. yearly 1 years
41/2 Jan. 1-July 1
500.00
4,500.00
101.25
March 1919
4- 1-1919
20,000.00
1000. yearly 20 years
43/4
Oct. 1-April 1
1,000.00
9,000.00
106.87
March
1920
5- 1-1920
20,000.00
1000. yearly 20 years
5 Nov. 1-May 1
1,000.00
10,000.00
83.34
Dec.
1923
12- 1-1923
10,000.00
1000. yearly 10 years
41/2 June 1-Dec. 1
1,000.00
3,000.00
11.25
March
1926
8- 1-1926
13,000.00
3000. yearly 1 years
4 Feb. 1-Aug. 1
2,000.00
4,000.00
66.65
2000. yearly 5 years
March 1930
6- 1-1930
15,000.00
2000. yearly 5 years
4 June 1-Dec. 1
-. 00
15,000.00
50.00
1000. yearly 5 years
Total Bonds
$282,500.00
$11,500.00
$69,500.00
$ 665.82
October 1918
1- 1-1919
12,000.00
1000. yearly 4 years 500. yearly 16 years
Rate of
Retired
During Bal. Outstanding Accrued
Year
Dec. 31, 1930 Interest
1500. yearly 9 years 1000. yearly 10 years 500. yearly 16 years
Schedule 3 Continued
TOWN OF READING MUNICIPAL LIGHT DEPARTMENT BONDS AND NOTES AUTHORIZED AND OUTSTANDING AS OF DECEMBER 31, 1930
ONDS :
Retired
o. of
Date
Date Issued
Original Issue
Payments of Principal
Rate of Int. Int. Payable
During Bal. Ouststanding Acrued Year Dec. 31 1930 Interest
March
1895
5- 1-1896
$ 7,000.00
$1400. yearly 5 years
4%
Nov. 1-May 1
$ -. 00
-. 00
$ -. 00
March
1896
5- 1-1896
7,000.00
1400. yearly 5 years
4
Nov. 1-May 1
-. 00
-. 00
-. 00
Dec.
1896
12- 9-1896
1,500.00
1500. yearly 1 year
4 June 9-Dec. 9
---. 00
--. 00
-. 00
March
1898
7-15-1898
3,000.00
1000. July 15, 1901
33/4
Jan. 15-July 15
-. 00
-. 00
-. 00
March
1903
12- 7-1903
1,400.00
1400. Dec. 7, 1906
4 June 7-Dec. 7
--. 00
-. 00
-. 00
March
1909
11-15-1909
2,500.00
1000. Nov. 15, 1910
4
May 15-Nov. 15
-. 00
-. 00
-. 00
Nov.
1909
1-21-1910
1,800.00
1800. Jan. 3, 1913
4 July 21-Jan. 21
-. 00
-. 00
-. 00
Jan.
1910
3-27-1910
12,000.00
1000. yearly 12 years
4
Sept. 27-Mar. 27
-. 00
-. 00
-. 00
June
1911
7- 2-1911
. 2,200.00
2200L July 12, 1912
4)
Jan. 12-July 12
-. 00
-. 00
-. 00
March
1913
4-16-1913
13,500.00
1500. yearly 9 years
41/4
Oct. 16-April 16
-. 00
-. 00
-. 00
March
1915
5-15-1915
12,000.00
800. yearly 15 years
4
Nov. 15-May 15
800.00
-. 00
-. 00
March
1915
7-15-1915
4,000.00
500. yearly 8 years
4
Jan. 15-July 15
-. 00
-. 00
-. 00
March
1917
9-22-1917
6,500.00
500. yearly 13 years
5
Mar. 22-Sept. 22
500.00
-. 00
-. 00
Nov.
1919
11-20-1919
3,000.00
1500. yearly 2 years
5
May 20-Nov. 20
-. 00
--. 00
-. 00
March
1921
7- 1-1921
7,000.00
1000. yearly 7 years
6 Jan. 1-July 1
-. 00
-. 00
-. 00
Dec.
1922
12-15-1922
7,000.00
1000. yearly 7 years
41/4
June 15-Dec. 15
--. 00
-. 00
-. 00
Total Notes
$ 91,400.00
$ 1,300.00
$ -. 00
$ -. 00
Total Bonds and Notes . $373,900.00
$12,800.00
$69,500.00
$ 665.82
sue Authorized OTES :
2000. July 15, 1904
1500. Nov. 15, 1911
255
TOWN OF READING MUNICIPAL LIGHT DEPARTMENT COMPARATIVE ANALYSIS OF PROFIT AND LOSS FOR THE TWELVE MONTHS ENDED DECEMBER 31 EXHIBIT-C
1930
1929
Increase Decrease* $14,345.32
Balance-January 1
$ 97,393.97
$ 83,048.65
Additions:
Net Income-Exhibit B
26,205.26
28,145.32
1,940.06*
$123,599.23
$111,193.97
$12,405.26
Deductions:
Bonds Retired
$ 11,500.00
$ 11,500.00
$ -. 00
Notes Retired
1,300.00
2,300.00
1,000.00*
TOTAL DEDUCTIONS
$ 12,800.00
$ 13,800.00
$ 1,000.00*
Balance-December 31, Exhibit A.
$110,799.23
$ 97,393.97
$13,405.26
Net Increase in Profit and Loss for
year
$ 13,405.26 $ 14,345.32
$ 940.06*
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE DETAIL OF OPERATING EXPENSES FOR THE TWELVE MONTHS ENDED DECEMBER 31.
I Production Expenses:
1930
1929
Increase Decrease*
601 Superintendence and Labor
$ 62.33
$ 585.96
$ 523.63*
606 Boiler Fuel
-. 00
1,501.98
1,501.98*
607 Water for Steam
23.50
59.50
36.00*
608 Lubricants
7.47
-. 00
7.47
609 Station Supplies
1,215.48
1,099.37
116.11
611
Maintenance of Station
Structures
432.91
772.36
339.45*
612
Maintenance of Boiler Plant Equipment
15.00
225.72
210.72*
613 Maintenance of Steam En-
gines
--. 00
--. 00
.00
256
614 Maintenance of Turbo-Gen- erator Units
-. 00
226.24
226.24*
615 Maintenance of Electric Generator Equipment ...
23.11
15.80
7.31
616 Maintenance of Accessory Electric Equipment .... 634 Electric Energy Purchased
60.99
32.73
23.26
78,151.07
66,898.61
11,252.46
Total Production Expenses $ 79,991.86 $ 71,418.27
$ 8,573.59
Transmission and Distribution Expenses:
636 Transformer Station and Sub-station Superinten- dence and Labor ..
$ 8,688.23 $ 8,540.16 $
148.07
637 Transformer Station and Sub-station Supplies and Expense
7,218.17
7,293.88
75.71*
638 Operation of Transmission and Distribution Lines ..
21,831.76
19,586.90
2,244.86
639 Transmission and Distribu- tion Supplies and Ex- pense
251.83
321.91
70.08*
640 Inspecting and Testing
Meters
2,804.09
2,511.64
292.45
641 Removing and Resetting
Meters
2,515.50
2,704.63
189.13*
642 Removing and Resetting
Transformers
494.08
838.97
344.89*
646 Maintenance of Transformer Station and Sub-station.
13.64
-. 00
13.64
647 Maintenance of Transmis- sion and Distribution
Lines
22,145.39
15,530.40
6,614.99
650 Maintenance of Consumers' Meters
614.09
322.07
292.02
651 Maintenance of Transform- ers
1,036.24
674.00
362.24
Total Transmission and Dis- tribution Expenses
$ 67,613.02 $ 58,324.56
$ 9,288.46
257
TOWN OF READING MUNICIPAL LIGHT DEPARTMENT COMPARATIVE DETAIL OF OPERATING EXPENSES FOR THE TWELVE MONTHS ENDED DECEMBER 31
1930
1929
Increase Decrease*
III Utilization Expenses:
654 Municipal Street Lamps- Labor
$ 1,209.65
$
879.17
$ 330.48
655 Municipal Street Lamps Supplies and Expenses ..
1,204.85
1,765.01
560.16*
657 Maintenance of Municipal Street Lamps
1,664.73
821.95
842.78
659 Maintenance of Consumers' Installations
6,072.65
5,518.97
553.68
Total Utilization Expenses
$ 10,151.88 $
8,985.10
$
1,166.78
IV Commercial Expenses:
660 Commercial Salaries
$ 10,575.07 $ 10,741.95
$ 166.88 **
661 Commercial Supplies and Ex- penses
3,625.59
3,858.12
232.53*
Total Commercial Expenses .. $ 14,200.66 $ 14,600.07
$
399.41*
V New Business Expenses:
662 New Business Salaries .. $
163.33
$
1,833.75
$
1,670.42 **
663 New Business Supplies and Expenses
68.34
--. 00
68.34
664 Advertising
3,459.63
3,040.23
419.40
Total New Business Expenses. . $
3,691.30 $
4,873.98
$
1,182.68*
VI Misc. and General Expenses.
656 Salary of Manager
$ 5,842.51
$ 5,200.00
$ 642.51
667 Salaries of General Office Clerks
4,561.33
4,104.00
457.33
668 General Office Supplies
and Expenses
1,466.55
1,561.02
94.47*
669 General Office Rents
1,111.88
1,774.09
662.21*
671 Insurance
5,391.74
5,299.42
92.32
673 Accidents and Damages
62.89
75.00
12.11*
674 Store Expenses
4,093.21
4,221.82
128.61*
258
675 Transportation Expense ..
3,229.11
3,313.77
84.66* 841.37
676 Inventory Adjustments ...
1,716.26
874.89
677 Maintenance of General Structures
539.00
51.42
487.58
678 Depreciation
29,064.82
27,186.35
1,878.47
679 Miscellaneous General Ex- pense
272.39
236.70
35.69
Total Miscellaneous and Gen- eral Expenses
$ 57,351.69
$53,898.48
$ 3,453.21
Total Operating Expenses
$233,000.41
$212,100.46
$20,899.95
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE DETAIL OF INCOME FOR THE TWELVE MONTHS ENDED DECEMBER 31
1930
1929
Increase Decrease*
Metered Sales-Residence Lighting :
Reading
$ 83,174.15
$ 74,635.80
$ 8,538.35
Lynnfield Center
10,787.54
9,576.49
1,211.05
North Reading
16,948.79
15,368.82
1,579.97
Wilmington
32,661.42
29,057.09
3,604.33
Total Residence Lighting In-
come
$143,571.90 $128,638.20
$ 14,933.70
Metered Sales-Retail Power :
Reading
$29,910.81 $ 31,919.72 $
2,008.91*
Lynnfield Center
441.59
433.93
7.66
North Reading
2,237.40
3,235.16
997.76*
Wilmington
1,214.79
5,834.05
4,619.26*
Total Retail Power Income
$ 33,804.59
$ 41,422.86
$ 7,618.27*
Metered Sales-Commercial Lighting :
Reading
$ 23,178.51
$ 21,371.94
$ 1,806.57
Lynnfield Center
1,451.46
1,007.37
444.09
North Reading
3,693.84
3,702.67
8.83*
Wilmington
6,275.34
6,003.84
271.50
259
Total Commercial Lighting Income $ 34,599.15 $ 32,085.82 $ 2,513.33
Metered Sales-Commercial Heating :
Reading
$ 4,230.84
$ 3,681.43
$ 549.41
Lynnfield Center
397.59
377.34
20.25
North Reading
1,144.60
1,148.12
3.52*
Wilmington
1,169.79
1,163.46
6.33
Total Commerical Heating Income
$ 6,942.82 $
6,370.35
$ 572.47
Metered Sales-Wholesale Power :
Reading
$ 7,744.23
$ 2,691.85
$ 5,052.38
Lynnfield
-. 00
-. 00
-. 00
North Reading
785.55
559.10
226.45
Wilmington
10,008.69
2,341.30
7,667.39
Total Wholesale Power In-
come
$ 18,538.47 $ 5,592.25 $ 12,946.22
Total Metered Light, Heat,
and Power Income
$237,456.93 $214,109.48 $ 23,347.45
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE DETAIL OF INCOME FOR THE TWELVE MONTHS ENDED DECEMBER 31.
1930
1929
Increase Decrease*
Sales To Other Electric Companies :
Wakefield
$ 200.80
$ 105.84
$ 94.96
Lowell
111.86
104.92
6.94
Lawrence
139.80
108.84
30.96
Peabody
6.54
6,24
.30
Edison Illuminating Company ...
48.24
33.60
14.64
Total Sales To Other Com- panies
$ 507.24 $
359.44
$ 147.80
Municipal Revenue :
Street Lighting :
Reading
$ 12,000.00 $ 13,000.00 $ 1,000.00*
Lynnfield Center
2,197.17
2,121.73
75.44
260
North Reading
4,103.99
3,957.78
146.21
Wilmington
7,656.76
7,562.25
94.51
Total Street Lighting In-
come
$ 25,957.92 $ 26,641.76
$ 683.84*
Buildings :
Lighting
$ 1,915.72
$ 1,808.50
$ 107.22
Power
1,053.65
3,023.27
1,969.62*
Total Income - Municipal
Buildings
$ 2,969.37
$ 4,831.77
$ 1,862.40*
Total Income From Sales -
Electric Energy (Exhibit B) $266,891.46 $245,942.45 $ 20,949.01
TOWN OF READING MUNICIPAL LIGHT DEPARTMENT
READING:
1930
1929
Gross Revenue-Residence Lighting
$ 83,174.15
$ 74,635.80
Kilowatt Hours Sold
1,749,344
1,526,204
Gross Revenue-Retail Power
29,910.81
31,919.72
Kilowatt Hours Sold
949,838
1,038,734
Gross Revenue-Commercial Lighting
23,178.51
21,371.94
Kilowatt Hours Sold
361,849
327,383
Gross Revenue-Commercial Heating
.
4,230.84
3,681.43
Kilowatt Hours Sold
132,187
116,711
Gross Revenue-Wholesale Power
7,744.23
2,691.85
Kilowatt Hours Sold
392,413
105,800
Gross Revenue-Municipal Power
1,053.65
3,023.27
Kilowatt Hours Sold
41,167
121,652
Gross Revenue-Municipal Light
1,915.72
1,808.50
Kilowatt Hours Sold
98,495
85,790
Gross Revenue-Street Lights
12,000.00
13,000.00
Kilowatt Hours Sold
298,730
278,217
LYNNFIELD:
Gross Revenue-Residence Lighting
$
10,787.54 $
9,576.49
Kilowatt Hours Sold
189,367
166,338
Gross Revenue-Retail Power
441.59
433.93
Kilowatt Hours Sold
6,604
6,738
Gross Revenue-Commercial Lighting ..
1,451.46
1,007.37
261
LYNNFIELD:
Kilowatt Hours Sold
19,144
12,063
Gross Revenue-Commercial Heating
397.59
377.34
Kilowatt Hours Sold
11,501
10,843
Gross Revenue-Street Lights
2,197.17
2,121.73
Kilowatt Hours Sold
12,257
12,607
NORTH READING:
Gross Revenue-Residence Lighting
$ 16,948.79
$ 15,368.82
Kilowatt Hours Sold
281,703
263,442
Gross Revenue-Retail Power
2,237.40
3,235.16
Kilowatt Hours Sold
38,551
70,153
Gross Revenue-Commercial Lighting
3,693.84
3,702.67
Kilowatt Hours Sold
43,078
42,297
Gross Revenue-Commercial Heating
1,144.60
1,148.12
Kilowatt Hours Sold
26,752
31,251
Gross Revenue-Wholesale Power
785.55
559.10
Kilowatt Hours Sold
36,900
14,950
Gross Revenue-Street Lights
4,103.99
3,957.78
Kilowatt Hours Sold
27,656
26,905
WILMINGTON:
Gross Revenue-Residence Lighting
$ 32,661.42
$ 29,057.09
Kilowatt Hours Sold
557,063
484,413
Gross Revenue-Retail Power
1,214.79
5,834.05
Kilowatt Hours Sold
20,057
217,463
Gross Revenue-Commercial Lighting
..
6,275.34
6,003.84
Kilowatt Hours Sold
76,356
70,862
Gross Revenue-Commercial Heating .
1,169.79
1,163.46
Kilowatt Hours Sold
30,711
30,343
Gross Revenue-Power Wholesale
10,008.69
2,341.30
Kilowatt Hours Sold
539,000
116,400
Gross Revenue-Street Lights
7,656.76
7,562.25
Kilowatt Hours Sold
55,798
55,995
ANNUAL REPORT
OF THE
TOWN ACCOUNTANT
-
RECEIPTS AND EXPENDITURES For the Year Ended December 31 1930
264
REPORT OF TOWN ACCOUNTANT Receipts 1930
Grace V. Viall, Collector
Poll Taxes
$ 5,656.00
Personal Estate Taxes
35,687.79
Real Estate Taxes
425,232.63
Interest on same 6,159.56
Motor Vehicle Excise Taxes
25,550.18
Interest on same
222.95
Moth Assessments
816.50
Sewer Assessments
2,136.00
Interest on same
318.34
Sewer Rentals
8,745.59
Interest on same
22.64
Sidewalk Assessments
387.24
Costs and Charges, less fees
872.60
Sale of Property
22.00
$511,830.02
Preston F. Nichols, Treasurer
Interest on deposits
$ 1,666.74
Moth and Tree Work Charges
2,193.25
Redemption of property taken,
Taxes, interest, etc.
4,953.31
Additional interest
582.19
Additional costs
47.55
Cemetery Bequest Fund :
Bequests
$ 2,465.00
Income
1,260.00
For Transfer
6,645.97
Adjustment
125.00
Hospital Fund :
Refund
$ 18.00
Income
5,279.00
For Transfer
1,994.61
Reading High School Scholarship Fund :
Income
$ 150.00
For Transfer
250.00
Loans, Anticipation of Revenue
525,000.00
Mun. Lt. Dept. Reimbursement
80.46
Water Dept. Reimbursement
141.05
Bond Issues, Premiums & Accrued Interest :
Water Dept. Extension
$ 35,000.00
Premium
231.00
Accrued Interest
58.33
265
Municipal Light Dept.
15,000.00
Premium
99.00
Accrued Interest
25.00
Police Building
45,000.00
Premium
297.00
Accrued Interest
75.00
Premium on Temp. Loans
2.25
$648,639.71 $ 1,444.88
County of Middlesex Dog Tax
Commonwealth of Massachusetts :
Taxes, etc.
Income Tax
$ 70,901.50
Corporation Tax
9,485.19
Public Service Tax
2,648.32
National Bank Tax
1,477.62
Trust Company Tax
572.31
Soldiers' Exemption
74.87
State Aid, Reimbursement
96.00
Military Aid Reimbursement
57.50
Snow and Ice Removal Tax
324.03
$ 85,637.34
Board of Selectmen: Licenses, etc. :
Second Hand Motor Vehicle
$ 100.00
Motor Bus
100.00
Taxi Cab
14.00
Truck
27.00
Victualers
29.50
Lord's Day
167.50
Inn Holder
1.00
Third Class Liquor
1.00
Theatre
5.00
Pop Corn
1.00
Auctioneers
10.00
Junk Dealers
75.00
Bowling and Pool
20.00
Old Metal Dealer
2.00
Revolver
19.50
Amusement
25.50
Indoor Golf
10.00
Advertising Hearings
45.00
$ 653.00
Special Fund for Unemployed
$ 105.00
Rents, Municipal Property
210.00
$ 315.00
266
Police Department :
Court Fines $ 950.00
Miscellaneous
90.00
$ 1,040.00
Fire Department :
Sale Junk, etc. 10.00
Sealer of Weights and Measures :
Fees
72.43
Inspector of Milk : Fees
29.00
Commonwealth of Massachusetts :
Peddlers' Licenses
28.00
Board of Health, Licenses, etc .:
Hair Dressers $ 8.00
Masseuse
2.00
Denatured Alcohol
10.00
Slaughtering
100.00
Pasteurizing
10.00
Town of Wakefield
18.39
Division of Tuberculosis
82.14
Sundry Receipts
77.72
$ 308.25
Board of Public Works :
General Account $ 401.10
Highway Department :
Commonwealth of Massachusetts
2,956.66
County of Middlesex
2,956.66
Snow Removal 14.00
Highway Department Sales, etc.
600.00
Highway Department Reimbursement
249.97
$ 7,178.39
Board of Public Welfare :
Commonwealth of Massachusetts,
Reimbursements
Mothers' Aid $ 1,499.83
Temporary Aid
2,323.62
Commonwealth of Massachusetts and Cities
and Towns Reimbursements 1,808.14
Hospital Fund Reimbursement 662.90
$ 6,294.49
School Department : Commonwealth of Massachusetts
Tuition, State Wards $ 2,748.25
Town of North Reading Tuition 14,920.82
267
Town of Wakefield Tuition
203.69
Town of Tewksbury Tuition
117.00
Sundry Parties, Tuition
185.60
Commonwealth of Massachusetts Aid to Agricultural School
1,357.52
Commonwealth of Massachusetts Vocational Education
205.21
Smith-Hughes Fund
185.70
George Reed Fund
20.17
Sundry Receipts
76.09
$ 20,020.05
Public Library :
Fines, etc.
$ 388.49
Cemetery Department :
Sale Lots and Graves
$ 1,402.50
Interest on deferred payments, etc.
10.21
Care Lots and Graves, etc. .
2,980.25
Bequest Fund for care endowed lots
1,645.97
For care of Soldiers' Graves
136.00
From George F. Buck Fund
6.48
$ 6,181.41
Guarantee Deposits :
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