USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1931 > Part 24
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34,000.00
77,000.00
1934
9,000.00
13,000.00
10,000.00
5,000.00
2,000.00
34,000.00
73,000.00
1935
8,000.00
13,000.00
10,000.00
5,000.00
2,000.00
34,000.00
72,000.00
1936
8,000.00
10,000.00
7,000.00
5,000.00
2,000.00
24,000.00
56,000.00
1937
8,000.00
6,000.00
5,500.00
5,000.00
2,000.00
26,500.00
1938
8,000.00
6,000.00
5,500.00
5,000.00
24,500.00
1939
8,000.00
6,000.00
5,500.00
5,000.00
24,500.00
1940
8,000.00
6,000.00
4,000.00
18,000.00
1941
7,000.00
6,000.00
2,000.00
15,000.00
1942
7,000.00
6,000.00
2,000.00
15,000.00
1943
7,000.00
4,000.00
2,000.00
13,000.00
1944
7,000.00
4,000.00
2,000.00
13,000.00
1945
6,000.00
4,000.00
2,000.00
12,000.00
1946
6,000.00
2,000.00
2,000.00
10,000.00
1947
6,000.00
2,000.00
8,000.00
1948
2,000.00
2,000.00
4,000.00
1949
2,000.00
2,000.00
4,000.00
1950
2,000.00
2,000.00
1951
2,000.00
2,000.00
$125,000.00 $117,000.00 $ 96,500.00
$ 40,000:00
$ 12,000.00
$160,000.00
$ 500.00
$ 500.00
$551,500.00
BORROWING CAPACITY
Valuation Abatements
Years
Valuation
1929
1930
1931
Total Abatements
Net Valuation
1929
$ 15,231,219.00
$
40,111.00
$ 12,644.00 $
98.00
$
52,853.00 $ 15,178,366.00
Excise
853,764.00
93,194.00
11,730.00
18,435.00
123,359.00
730,405.00
1930
15,830,425.00
32,267.00
19,613.00
51,880.00
15,778,545.00
Excise
869,303.00
50,270.00
3,591.00
53,861.00
815,442.00
1931
16,189,449.00
46,658.00
46,658.00
16,142,791.00
Excise
788,245.00
40,965.00
40,965.00
747,280.00
Totals $ 49,762,405.00 $ 133,305.00 $ 106,911.00 $ 129,360.00 $ 369,576.00 $ 49,392,829.00
1931 Valuation, $16,189,449.00
25c $4,047.36
Net Valuation for 3 Years, $49,392,829.00 Average Valuation for 3 Years, $16,464,276.00 3% of Average Valuation, $493,928.29
General
Enterprise Total
Tax Rate 1931,
$32.40
Ratio $178,000.00
1.99%
1.26%
3.25%
Debt inside limit,
Net Debt, $178,000.00
Debt outside limit :
General $160,000.00
Net Debt, $160,000.00
Enterprise, $213,500.00
Net Debt, $213,500.00
Available Borrowing Capacity on December 31, 1931, $315,928.29
332
ACCOUNTING TRUST FUNDS Balancing Account
Balance January 1, 1931
$216,588.16
Cemetery Bequests
2,930.00
Interest and Income
9,722.83
Profit on Securities Sold
106.25
Securities Advanced to Par Value
3,959.50
Adjustment
876.92
Transferred for Hospital Care
$ 1,003.13
Payments for Hospital Care
5,658.79
Transferred for care of Endowed Cemetery Lots
1,811.84
Transferred for cemetery signs
42.62
Transferred for Scholarships
300.00
Adjustment
51.43
Balance Dec. 31, 1931
225,315.85
$234,183.66
$234,183.66
CEMETERY BEQUEST FUND
Balance January 1, 1931
$ 53,729.03
Bequests 1931
2,930.00
Interest and Income, 1931
2,559.54
Transferred for care of Endowed Lots
$
1,811.84
Adjustment
.01
Balance December 31, 1931
57,406.72
$ 59,218.57
$ 59,218.57
HOSPITAL FUND
Balance January 1, 1931
$157,424.52
Interest and Income
6,893.08
Refunds
15.00
Profit on Securities Sold
106.25
Securities Advanced to Par Value
3,959.50
Adjustment
25.71
Transfer 1932
876.92
Adjustment
51.42
Expended for Hospital Care
6,661.92
Balance December 31, 1931
162,587.64
$169,300.98
$169,300.98
GEORGE F. BUCK FUND
Balance January 1, 1931
$ 42.62
Expended for Cemetery Signs
$ 42.62
$ 42.62
$ 42.62
333
READING HIGH SCHOOL SCHOLARSHIP FUND
Balance January 1, 1931
$ 5,391.99 229.50
Interest 1931
Expended for Scholarships
$ 300.00
Balance December 31, 1931
5,321.49
$ 5,621.49 $ 5,621.49
STATEMENT OF INVESTED FUNDS Cemetery Bequest Fund
Balance Dec. 31, 1931
$ 57,406.72
Investments Listed at Par :
12,000 U. S. Liberty Bonds, 4th 41/4's, 1933- 1938
$ 12,000.00
5,000 N. E. Tel. Tel. 1st Mort., 5's Series A 1952
5,000.00
5,000 No. Pac. Ry. Ref. & Imp., 6's Series B 2047
5,000.00
4,000 N. Y. C. R. R. Ref. Imp., 5's Series C. 2013
4,000.00
Blackstone Savings Bank, Boston
5,283.78
Home Savings Bank, Boston
4,073.83
Boston Five Cent Savings Bank
1,158.63
Andover Savings Bank
3,728.23
Cambridge Savings Bank
3,646.26
Essex Savings Bank, Lawrence
3,746.47
Mech. Savings Bank, Reading
9,056.24
Mech. Savings Bank, Reading
713.28
$ 57,406.72 $ 57,406.72
READING HIGH SCHOOL SCHOLARSHIP FUND Balance Dec. 31, 1931
$ 5,321.49
Investments :
Andover Savings Bank $ 1,000.00
Charlestown Five Cent Savings Bank
3,000.00
Essex Savings Bank, Lawrence
1,000.00
First Nat'l Bank, Reading, Sav. Dept.
321.49
HOSPITAL FUND
Balance Dec. 31, 1931
$162,587.64
Investments, Securities listed at Par or less :
$5,000 Am. Tel .- Tel. Cor. Tr. 5's, 1946 .. $ 5,000.00
$5,000 Bos. & Albany R. R. Imp. of 1908 4's, 1933 5,000.00
$ 5,321.49 $ 5,321.49
334
$5,000 Boston Elevated, 5's, 1937 5,000.00
$5,000 Cent. Hudson Gas and Elec. 5's, 1957 5,000.00
$5,000 Chicago B. & Q. R. R. Co., Ill., Div. "M" 31/2's 1949 5,000.00
$2,000 Conn. Lt. & Power Co., 1st Ref. S. F. 7's 1951 2,000.00
$5,000 Conn. Lt. & Power Co., 1st Ref. S F. 41%'s 1956
5,000.00
$5,000 Consumers' Power Co., 5's 1936 ..
5,000.00
$5,000 Consumers' Power Co. 41/2's, 1958
5,000.00
$5,000 Consolidated Gas of Baltimore Gen. M. 41/2's, 1954
5,000.00
$5,000 Ill. Cent. R. R. Co., Tr. 4's 1952
5,000.00
$5,000 Ill. Cent. R. R. Co., St. Louis Div. 1st M 3's, 1951
5,000.00
$5,000 Kansas City Power & Lt. 41/2's, 1957
5,000.00
$5,000 East N. J. Power Co. 1st Mort. 5's, 1959
5,000.00
$5,000 Kings Co. Elec. Lt. & Power 5's 1937 $5,000 N. Y. Cent & H. R. R. Deb. 4's, 1934 $5,000 N. Y. Tel. Co. 1st Gen. M. 41/2's 1939 $5,000 Old Colony R. R. 1st 5's, 1945
5,000.00
5,000.00
5,000.00
5,000.00
$5,000 Pacific Gas & Elec. 41/2's, 1957
5,000.00
$5,000 St. Paul, Minn. & Man: Ry. 4's, 1933 $5,000 Penn. R. R. Co. Gen'1 Mort. 41/2's, 1965
5,000.00
American Mfg. Co. Common 72 shares ..
7,200.00
Home Bleachery & Dye Works, Pfd. 2 Shares
11.00
Sharp Mfg. Co. Pfd. 55 Shares
1.00
Sharp Mfg. Co. Com. 20 Shares
1.00
Andover Savings Bank
6,213.83
Charlestown Five Cent Savings Bank
6,244.26
Essex Savings Bank, Lawrence
6,244.22
Mechanics Savings Bank, Reading 15,430.80
First Nat'l Bank, Reading, Savings Dept.
19,241.53
$162,587.64 $162,587.64
I hereby certify that, in accordance with the provisions of Section 53, Chapter 41, of the General Laws, I have audited the accounts of the Commissioners of Trust Funds, have examined the securities and verified bank balances and report the foregoing to be a true and accurate statement, December 31, 1931.
LEON G. BENT, Town Accountant.
5,000.00
BALANCE SHEET DECEMBER 31, 1931
: ach in Banks and Office
Taxes and Assessments Receivable : Taxes 1930
$ 1,781.19
Taxes 1931
195,785.25
For Taxes of 1931 987.42
Old Age Assistance Tax
481.00
Motor Vehicle Excise Tax 1929
22.98
$ 2,768.61
Motor Vehicle Excise Tax 1930
1,005.72
Overlay Reserve Fund
3,592.83
Motor Vehicle Excise Tax 1931
3,582.93
Motor Veh. Excise Tax Rev. ...
4,611.63
Moth Assessments, 1930
1.25
Moth Assessments Revenue ...
386.25
Moth Assessments, 1931
385.00
Sidewalk & Curb. Ass'ts Rev. ..
321.32
Sidewalk & Curb'g Ass'ts, 1931
301.62
Highway Betterment Ass't Rev.
326.38
Interest on same
19.70
Sewer Ass'ts Revenue
1,235.03
Sewer Assessments, 1931
1,112.77
Sewer Ass'ts Appor'n Rev.
4,358.10
Sewer Interest
122.26
Sewer Rentals Revenue
390.12
Sewer Ass'ts. Appor'n 1932-1941
4,358.10
Sidewalk & Curb. Ass'ts Revenue
2,181.58
Sewer Rentals
390.12
Departmental Acc'ts Rec. Rev. ..
26,482.25
Water Dept. Acc'ts Rec. Rev. ..
1,184.38
Mun. Light Dept. Acc'ts Rec. Rev.
31,048.17
Highway Betterment Ass'ts Ap-
Water Dept. Maintenance Acct. ..
8,097.49
por'n 1932-1941
326.38
Water Dept. Ext. Vote of 1931 ..
382.47
$211,857.85
Water Dept. Ext. Pump. Station : Vote of 1931 Water Dept. New Stand Pipe Account
3,853.91
73
Departmental Accts .. Receivable .. Water Dept. Accts. Receivable .... Mun. Light Dept. Accts. Receivable
$ 26,482.25 Mun. Light Dept. Maint. Acct. .. 1,184.38 Mun. Light Dept. Construc. Acct.
2,197.85
31,048.17 Vote of 1930 2,051.37
Sidewalk & Curb. Ass'ts Appor'n 1932-1941
2,181.58
$111,697.98 Temporary Loans $250,000.00 Overlays Reserved for Abatements : For Taxes of 1930 $ 1,781.19
BALANCE SHEET DECEMBER 31, 1931
Water Dept. Cash
100.00 Sewer Dept. Maint. & Construc. Account 9,032.74
Mun. Light Dept. Cash
250.00 Sewer Dept. House Connec. Acct.
148.82
Public Library Cash
15.00 Cemetery Lots, Sales and Bequests Rec. Revenue 200.00
Overdraft
12.01 Smith-Hughes Fund
175.96
Tax Titles held by Town
12,945.30
George Reed Fund
38.23
Cemetery Lots, Deferred payments
112.50
Cemetery Reserve Fund
2,989.09
Cemetery Bequests, Def'red paym'ts
87.50 Appropriation Bal. forward to '32:
Hospital Fund, Transfer Acct. ....
876.92
Junior High Sch. Bldg. $
101.66
World War Memorial
4,069.82
Land Damages
50.00
Athletic Field Survey
623.85
Drainage System Construc. ..
1,006.44
Drainage System Survey ....
72.50
Birch Meadow Special Acct.
96.87
Police Building
2.61
Land Damage, Hancock st. Ext. .. $
100.00
$ 6,123.75
Special Unemployment Fund
$ 302.16
Special Unemployment Fund ...
569.94
Premium Account
296.34
Sale Land
748.25
Public Lib. Spec. Acct. ยท
22.60
Tax Titles Revenue
12,945.30
Excess and Deficiency Acct. .. 17,606.21
Net Funded Debt
$396,669.86
$396,669.86
DEBT ACCOUNTS
$551,500.00 Sewer Construction Loans $125,000.00
Water Dept. Loans 117,000.00
Municipal Light Dept. Loans 96,500.00
Municipal Building Loans
12,000.00
Mun. Bldg. & Library Loans
500.00
Brown Estate Loans
500.00
School Building Loans
160,000.00
Police Station
40,000.00
$551,500.00 TRUST FUNDS
$551,500.00
$225,315.85 Cemetery Bequest Fund
57,406.72
Hospital Fund . .
162,587.64
Reading H. S. Sch. Fund
5,321.49
$225,315.85
$225,315.85
Trust Funds, Cash and Securities ..
338
REPORT OF COLLECTOR OF TAXES
Taxes 1928
Uncollected December 31, 1930 $ 16.25
Abated
$ 16.25
$ 16.25 $ 16.25
Taxes and Assessments 1929
Uncollected December 31, 1930
$ 2,224.14
Interest collected
226.70
Paid Treasurer
$ 1,878.29
Abated
549.57
Uncollected December 31, 1931
22.98
$ 2,450.84 $ 2,450.84
Taxes and Assessments 1930
Uncollected December 31, 1930
$185,192.18
Additional commitments
15.13
Transferred from Tax Title to Moth Account
1.25
Refunds account taxes
65.25
Interest collected
7,125.39
Paid Treasurer
$186,171.97
Abated
826.49
Transferred to Tax Title Account
2,612.58
Uncollected December 31, 1931
2,788.16
$192,399.20
$192,399.20
Taxes and Assessments 1931
General Tax Warrant
$560,685.80
Interest collected
356.35
Refunds account of taxes
478.89
Overpaid Treasurer
2.00
Paid Treasurer
$352,532.93
Abated
2,843.97
Transferred to Tax Title Account
4,355.61
Uncollected December 31, 1931
201,790.53
$561,523.04
$561,523.04
Sewer Rentals
Uncollected December 31, 1930
$ 566.10
Commitments January and July 1931
9,450.86
Interest collected
45.75
Paid Treasurer
$ 9,471.87
339
Abated
39.32
Transferred to Tax Title Account
161.40
Uncollected December 31, 1931
390.12
$ 10,062.71 $ 10,062.71
Sewer Betterment
Commitments Feb., Sept. and Nov.
$ 2,518.91
Interest collected
1.87
Paid Treasurer
$ 499.82
Advanced payment apportioned sewer
103.24
Transferred to deferred payments
1,917.72
$ 2,520.78
$ 2,520.78
Advanced payment apportioned sewer
$ 126.73
Interest collected
4.01
Advanced payment unapportioned sewer
239.12
Paid Treasurer
$ 369.86
$ 369.86
$ 369.86
Highway Betterment
Commitments October 1931
$ 391.71
Paid Treasurer
$ 57.75
Abatement
7.58
Transferred to deferred payments
326.38
$ 391.71
$ 391.71
Sidewalk and Curbing Betterment
Commitments Feb., July and November
$ 2,722.03
Interest collected
1.27
Paid Treasurer
$ 288.01
Transferred to deferred payments
2,435.29
$ 2,723.30
$ 2,723.30
Recapitulation
Total receipts from taxes and assessments :
Taxes
$506,979.98
Sewer assessments
12,456.59
Sidewalk and curbing assessments
628.42
Highway assessments
57.75
Motor Vehicle assessments
23,489.66
340
Interest
7,761.34
Refunds, etc.
68.00
Redemption of property
170.30
$551,612.04
Paid to the Treasurer as per Treasurer's
Receipts
$551,612.04
Grace V. Viall, Collector of Taxes.
REPORT OF TREASURER
For the year ended December 31, 1931.
The transactions in the General Cash Account, in summary form, were as follows :
Balance January 1, 1931
$ 90,838.69
Receipts :
Grace V. Viall, Collector
$551,612.04
Municipal Light Department
319,717.87
Water Department
58,052.04
Sewer Department : Guarantee Deposits
1,803.77
School Department
9,708.49
Cemetery Department
7,789.19
Tree Warden and Moth Department
1,020.75
Other Departmental Receipts
11,346.88
Temporary Loans in Anticipation of Rev. 325,000.00
Bond Issues
90,000.00
Bond Premium and Interest
861.00
Trust Funds Income
6,172.50
Trust Funds Transfers
5,228.69
Interest on Deposits
962.72
Redemption of Property : Taxes, interest and costs
2,717.45
Commonwealth of Massachusetts : Taxes ..
71,239.78
Municipal Light Dept .: Returned loan .. Commonwealth and County : Salem Street .. 8,000.00
13,975.81
Miscellaneous Receipts
22,392.01
Tota: Receipts $ 1,507,600.99
$ 1,598,439.68
341
Disbursements :
Temporary Loans $275,000.00
Notes and Bonds, Funded Debt
73,000.00
Interest on Funded Debt 23,320.00
Discount on Notes
4,828.84
State Taxes and Assessments
24,539.07
County Taxes
29,136.96
Other Disbursements
1,056,916.83
Total Disbursements $1,486,741.70
Balance December 31, 1931 FUNDED DEBT
$111,697.98
Outstanding January 1, 1931
$534,500.00
Bonds Issued in 1931 at 31/2% interest 90,000.00
$624,500.00
Bonds and Notes Paid in 1931
73,000.00
Outstanding December 31, 1931
551,500.00
$624,500.00
NOTES ISSUED IN ANTICIPATION OF REVENUE
Outstanding January 1, 1931
$200,000.00
Notes Issued in 1931
325,000.00
$525,000.00
Notes Paid in 1931
$275,000.00
Outstanding December 31, 1931
250,000.00
$525,000.00
$100,000.00 of the amount borrowed in anticipation of revenue was at the rate of 1.8% which is believed to be the lowest rate at which the Town has ever borrowed money. The highest rate paid by the Town in 1931 on such loans was 31/2%.
A more detailed statement of receipts and disbursements and a statement of the Trust Funds is presented in the report of the Town Accountant.
PRESTON F. NICHOLS, Treasurer.
342
TREE WARDEN'S REPORT 1931
To the Honorable Board of Selectmen :
Gentlemen :
During the past year I have planted about three hundred trees on the roadside, and have also done the usual tree trimming during September and October. The town was infested by a large number of web worms and we are prepared to spray for them late in the season of the present year.
Respectfully submitted,
HENRY M. DONEGAN, Tree Warden and Moth Supt.
INDEX
Page
Accountant
273
Births Registered
7
Board of Appeal
220
Board of Assessors
202
Board of Health
214.
Board of Public Welfare
215
Board of Public Works
145
Highway Department
166
Park Department
184
Playground
185
Sewer Department
176
Water Department
14S
Building Laws
13
Cemetery Trustees
207
Forest Glen Cemetery Report
209
Laurel Hill Cemetery Report
208 221
Chief of Police
220
Deaths Registered
77 65 227
Electric Light
Commissioners
225
Forest Warden
223
Inspector of Animals
209
Inspector of Buildings
210
Inspector of Milk and Food
212
Inspector of Plumbing
211
Inspector of Wires
211
Licenses, Hunting and Fishing
List of Jurors
Marriages Registered
Notice to Parents. Housewives. Physicians and Midwives
215
Planning Board
188
Public Library
197 85
Sealer of Weights and Measures
213 81
Selectmen
Superintendent of Fire Alarm
224
Tax Collector
320
Town Forest
218 1
Town Officers
3
Town of Reading, Statistics
7
Treasurer
340
Tree Warden
342
Visitor
195
65 8 72 65
Old Age Pension
School Committee
Town Counsel
205
Town Meetings
Chief of Fire Department
Dogs Licensed
Fire Alarm
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