USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1933 > Part 17
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TABLE B
Year
1910
098,597
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
146,205
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
58,24 )
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
56,363 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
979,492
150
5.75
5,380
1,758
1,592
1931
none
6,885,880
5,640,426
324,162
51,932
857,870
145.8
5.04
5,487
1,762
2,527
1932
none
7,324,775
6,292,489
422,748
57,926
971,974
129.9
4.91
5,547
1,806
2,275
1933
none
7,213,269
6,259,657
375,574
63,444
890,168
92.5
4.53
5,652
1,827
2,165
K .W. H. Used at
& Appliance Rm.
K. W. H.
Net Tons of
Coal Used
Average Cost of
Coal Per Ton
Number of
Customers
Number of
Street Lights
Horse Power in Motors
K. W. H.
Generated
K. W. H.
Purchased
K. W. H. Sold
K. W. H.
Delivered to
Read'g. St. Lights
Stat'n. Stock R'm
Unaccounted for
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 Total Station Expense. 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 1922
.0131
.0066
.0014
.0211
1923 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
1931
.01134
None
.00128
.00027
.0129
1932
.01107
None
.00119
.00027
.0125
1933
.01094
None
.00107
.00017
.0122
TABLE D Average Cost Per K. W. H. As Defined by Chapter 164, General Laws
1912
1913
1914
1915
1916
1917
1918
1919
Operating Costs :
.0397
.0483
.0362
.0586
.0467
.0577
.0538
.0509
Fixed Costs :
.0198
.0176
.0254.
0299
.0261
.0249
.0274
.0213
Total Costs :
.0595
.0659
.0616
.0885
.0728
0826
.0812
.0722
1920
1921
1922
1923
1924
1925
1926
Operating Costs :
.0588
.0640
.0561
.0494
0377
.0442
.0448
Fixed Costs :
.0259
.0330
.0278
.0185
.0138
.0131
.0129
Total Costs :
.0817
.0970
.0839
.0679
.0515
.0573
.0577
1927
1928
1929
1930
1931
1932
1933
Operating Costs :
.0395
.0414
.0359
.0344
.0368
.0332
.0295
Fixed Costs :
.0115
.0116
.0085
.0075
0079
.0083
.0080
Total Costs :
.0510
.0530
.0444
.0419
.0447
.0415
.0375
.0153
.0077
.0009
.0240
.0134
.0057
.0014
.0205
201
VOUCHER REGISTER BALANCE December 30, 1933
Total
Dec.
Nov.
October & Previous
Amer. Steel & Wire Co. $
5.25
$ 5.25
Condit Elec. Mfg. Corp.
7.84
7.84
General Cable Corp. ..
27.00
27.00
U. S. Rubber Co.
5.00
5.00
Simplex Wire & Cable
604.75
$ 612.24
$ 7.50
Walker and Pratt Mfg. Co.
1.03
.60
1.63
Geo.
H. Buckminster Co.
632.17
77.47
554.70
Century Wood Pre-
serving Co.
1,295.00
815.60
479.40
Piedmont Wood Pre-
serving Co.
229.25
229.25
Dennison Mig. Co.
3.85
3.85
Reading Chronicle
86.10
86.10
Kelvinator Sales Corp.
36.43
36.43
Atlantic Refining Co.
138.79
138.79
Clapp & Leach, Inc. ..
48.46
48.46
Robbins-Phalon Co.
6.71
6.71
Wilmington News
58.20
58.20
T. C. Fife
10.15
10.15
Gallant's Elec. Service
11.00
11.00
Rome Mfg. Co.
1.13
1.13
M. F. Charles
8.25
8.25
Liberty Mutual Ins. Co.
510.81
510.81
E. B. Currell & Son .
.50
.50
H. Louis Daly
25.00
25.00
Farrington Elec. Co.
2.00
2.00
Frigidaire Sales Corp.
.89
.89
Robeson-Rochester
Corp.
2.94
2.94
Tru- Mac Mgf. Co.
27.85
27.85
Yawman & Erbe Mfg. Co.
7.48
7.48
F. D. Pitts Co.,. Inc. .
39.19
39.19
Sweeper-Vac Co.
79.70
79.70
Boston & Maine R. R.
1.93
1.93
G. H. Atkinson Co. ..
56.70
56.70
John L. Fowle Co.
. .
1.00
1.00
N. E. Tel. & Tel. Co.
93.40
93.40
Sweeper Vac Co.
151.92
151.92
202
October &
Total
Dec.
Nov. Previous
Van. I. Bennett
7.80
7.80
Davis Transformer Co.
319.37
319.37
Dyer-Clark Company .
20.83
20.83
Electromaster, Inc.
9.47
9.47
W. E. Fennell Co.
. .
34.30
34.30
Graybar Elec. Co., Inc.
48.94
48.94
Milhender, Inc.
49.44
49.44
National Service Bureau
1.07
1.07
U. S. Industrial Alcohol Sales Co.
26.15
26.15
Wetmore-Savage Elec.
9.78
9.78
Martin B. Hartshorn ..
1,966.97
1,966.97
lison Elec. Illum. Co. E. K. Flood
2.00
2.00
G. E. Supply Corp.
4.96
4.96
New Haven Clock Co.
2.21
2.21
Fred F. Smith, Inc. ..
.70
.70
Robert W. Totten . ..
2.75
2.75
United Motors Service Inc.
3.13
3.13
Cummings Express Co.
6.50
6.50
Francis Brothers
11.01
11.01
Hook & Coward
..
1.60
1.60
Kenney Service Station
1.95
1.95
Edward Lappin
2.38
2.38
Lewis of Lynn
1.50
1.50
Geo. W. Marshall
. ...
3.80
3.80
H. J. Montgomery
. ..
18.95
18.95
Railway Exp. Agcy. Inc.
2.72
2.72
T. of R. Sewer Dept.
8.40
8.40
Spaulding-Moss Co.
3.97
3.97
B. F. Waldron
83.56
83.56
Armstrong Mfg. Co. ..
.57
.57
Eureka Vacuum Cleaner Co.
2.02
2.02
General Elec. Co.
21.00
21.00
Globe American Corp.
3.29
3.29
Lowell Elec. Lt. Corp.
16.84
16.84
N. E. Tel & Tel. Co. (Const. a/c)
12.93
12.93
Petroleum Heat & Pow-
er Co.
64.35
64.35
Supply Co.
...
8,545.50
8,545.50
203
Total
Dec.
Nov.
October & Previous
Geo. H. Wahn Co. ..
177.42
177.42
Acme Elec. Heating Co.
5.79
5.79
Reading Motor Co. ..
14.12
14.12
Clark & Mills Electric Co.
7.31
7.31
Totals
$ 15,642.85
$ 14,433.72 $
1,254.22
$ 45.09
SCHEDULE OF EMPLOYEES COVERED BY STANDARD
FIDELITY BOND
Arthur G. Sias
Manager
Rea.
$ 4,000
.25
$ 10.00
Ralph G. Babcock
Office Manager
"
5,000
.25
12.50
Leonard C. Whittredge
Bookkeeper
1,000
,25
2.50
Hazel K. Ainsworth
Cashier
"
5,000
.25
12.50
Christine Cheney
Asst. Cashier
5,000
.25
12.50
Kathleen H. Merritt
Clerk
1,000
.25
2.50
Iris L. Birnie
Sten. and Clerk
"
1,000
.25
2.50
Charles E. Tasney
Collector
2,000
.25
5.00
Benjamin J. Downs
Meter Reader
1,000
.25
2.50
Hector Gianascol
Meter Supervisor
1,000
.25
2.50
Robert C. Snow
Sales Manager
Lynn
2,000
.25
5.00
Doris Smith Parker
Clerk
Rea.
1,000
.25
2.50
Roger W. Potter
Meter Reader
1,000
.25
2.50
F. Clifford Evans
Salesman
"
1,000
.25
2.50
Frank Rossman
Salesman
"
1,000
.25
2.50
Edward Oscar Herrick
Service Dept. Mgr.
1,000
.25
2.50
John R. Anderson
Service Man
1,000
.25
2.50
Merrill P. Reed
Service Man
1,000
.25
2.50
S. Leslie Bertwell
Service Man
1,000
.25
2.50
Clarence L. Thomas
Supt. Distribution
"
1,000
.25
2,50
George M. Roundy
Collector
Lynnfield
2,000
.25
5.00
Lyman E. Abbott
Collector
No. Reading
2,000
.25
5.00
Joseph B. McMahon
Collector
Wilmington
3,000
.25
7.50
Roland Clarence Deming Collector
Wilmington
3,000
.25
7.50
$ 49,000
$122.50
.25
2.50
Harold R. Metcalf
Meter Reader
"
1,000
.25
2.50
Paul Edwin Lane
Receiving
Room Clerk
1,000
204
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT ' REPORT OF EXAMINATION For The Year Ended December 31, 1933
To the Municipal Light Board,
Town of Reading,
Massachusetts.
Gentlemen :
In accordance with your instruction, we have examined the books of account and financial records of the Municipal Light Department for the year ended December 31, 1933.
We submit the following exhibits and schedules as a result of our examination, and from information furnished us :
Exhibits:
"A"-Comparative Balance Sheet as at December 31, 1933 and 1932.
"B"-Comparative statement of Operations for the years ended December 31, 1933 and 1932.
"C"-Comparative Analysis of Profit and Loss for the years end- ed December 31, 1933 and 1932.
Schedules:
"1"-Comparative Classified Statement of Income for the years ended December 31, 1933 and 1932.
"2"-Comparative Classified Statement of Operating Expenses for the years ended December 31, 1933 and 1932.
"3"-Detail of Bonds and Notes Authorized, Issued and Out- standing as at December 31, 1933.
"4"-Comparative Detail of Line Loss for the years ended De- cember 31, 1933 and 1932.
"5"-Statement of Merchandise Operations for the year ended December 31, 1933.
"6"-Statement of Jobbing Operations for the year ended De- cember 31, 1933.
Our examination included a verification of the assets and liabilities as hereinafter set forth, and sufficient study of all income and ex- pense accounts to satisfy ourselves of the general accuracy of those accounts.
Plant Investment-$486,072.14.
The net additions to plant investment accounts amounting to $33,- 151.53 for the year ended December 31, 1933, are summarized as fol- lows :
Electric Plant-Steam $ 459.72
Poles, Fixtures and Overhead Conductors 16,159.43
Underground Conduits 13,348.24
Consumers' Meters
1,193.27
205
Consumers' Meter Installations
525.68
Line Transformers 1,161.76
Transformer Installations 45.00
Street Lighting Equipment
258.43
Total Net Additions $ 33,151.53
A thorough test of the direct purchases applicable to these ac- counts was made and we believe them to be proper capital charges. Material requisitioned out of stock as recorded on line reports, which. were summarized at the end of each month and charged to the vari- ous capital and expense accounts were not checked, due to the fact that these records were filed by streets. To make a satisfactory veri - fication of these charges, it would be necessary to re-assemble all re- ports contained in the monthly distribution of materials and supplies. We suggest that these reports be filed by months rather than by streets. We comment further regarding the distribution of materials in this report under "General Comments".
Depreciation charges for the year 1933 amounted to $34,892.99, based on 4 per cent of the cost of Plant Investment as at the be- ginning of the year. This rate of depreciation is authorized by the Department of Public Utilities. As it is the policy of this Department to apply depreciation directly to the Asset accounts, the balances shown herein in Exhibit "A" represent depreciated values.
General Equipment-$16,690.35.
The various classes of equipment were inventoried by the heads of the departments, and the books of account were adjusted to ap- praised values as at December 31, 1933.
Unfinished Construction-$217.50.
The cost of incompleted projects as at December 31, 1933 is repre- sented in this account, viz :
Plans for proposed 4,000 volt switching equipment $ 135.00
Plans for proposed underground system to Haven St. .. 82.50
Total
$ 217.50
Construction and Depreciation Funds-$10,406.46.
These funds, on deposit with the Town Treasurer as at December 31, 1933, were confirmed by the Town Accountant.
The construction fund represents the balance of the operating fund as at December 31, 1933, which was transferred to construction fund in accordance with vote on Article 4 of the Warrant acted upon at the Town Meeting of March 13, 1933.
The balances of the various funds are shown in detail in Exhibit "A".
ยท "Bills Approval Sheets" recording the expenditures of the De- partment were examined and thoroughly tested for additions and en-
206
try to cash book for the year.
Petty Cash Fund-$250.00.
This fund, which is used for making change and the payment of petty items, was counted and found to be correct.
Consumers' Deposit Fund-$7,531.51.
The Department had the above amount on deposit December 31, 1933 in the Mechanics Savings Bank, representing the balance of de- posits received by the Department for the guarantee of consumers' accounts. This balance was equal to the consumers' deposit liability. Verification of the balance was made by reference to the bank pass book.
Notes Receivable-$761.60.
The following notes accepted from customers and held at the of- fice of the Department were examined :
Date
Maker
Maturity
Amt. Rate
6-28-32 George W. Davis
Due in two years
monthly payments of $10.00 *
11-10-33
Fred L. Norris
Demand
$ 404.85 6% 356.75 6%
Total $ 761.60
*Represents original amount of note as no monthly payments have been made.
Accounts Receivable Consumers-$25,483.43.
Consumers' ledger balances as at January 17, 1934, were com- pared with schedules furnished us by the Department, which were worked back to December 31, 1933, and agreed with the route and general ledger controls as at that date.
Consumers' accounts amounting to $2,855.47 were charged off dur- ing the year 1933 as uncollectible.
No direct verification was made with customers.
Accounts Receivable Miscellaneous-$6,721.76.
This amount represents the total unpaid balances on account of sales of electric appliances, lamps, jobbing, electrical services, etc. A schedule of balances as at December 31, 1933, excluding rentals, was furnished us by the Department, which was compared with individual ledger balances, excepting unpaid rentals on leased electrical equip- ment. As these rental balances are kept on the stub system and no schedule was furnished us at the time of our examination, together with the fact that only $237.00 was involved, the balances were not identified.
Included in the total amount outstanding were unpaid lease in- stallment accounts amounting to $2,435.88.
207
The status of the non-leased accounts appeared as follows : December $ 600.43 November 608.99
October and Prior 2,839.46
Total $ 4,048.88
It appeared that $1,392.78 of the total outstanding accounts were questionable as to collection. No reserve has been set up on the books, nor in the attached exhibits for this purpose.
Materials and Supplies
We were not present at the time physical inventory was taken .. We understand, however, that inventories of merchandise and equip- ment were taken at the close of business December 31, 1933, under the personal supervision of the various department heads. Most of the inventory, we are advised, was priced at cost, in some instances appraised values were used.
Schedules of these inventories were furnished us priced and ex- tended. We made a thorough test of mathematical calculations and verified all additions.
The total inventory may be classified as follows :
General Line Materials $ 24,805.81
Station Tools and Appliances 464.03
Distribution Tools and Appliances 5,276.94
Printing and Office Supplies 1,012.78
Lamps and Appliances
19,804.97
Leased Appliances *9,046.13
Coal
135.90
Station Supplies
545.18
Total $ 61,091.74
*Leased appliances represent the installed cost of 75 Waldorf electric ranges and 30 Tru-Mac electric water heaters. These ap- pliances are leased for a period of five years and seven years re- spectively. The Department receives $1.50 monthly rental for the specified lease periods. At the expiration of the lease periods, and provided all installments have been paid, title to the equipment passes to the consumer.
Depreciation on this equipment was taken for six months at a rate sufficient to eliminate the initial cost over the lease periods.
Equipment
Cost Depreciation 6 Mo. Depreciated Cost 12-31-33
Ranges $ 6,933.40
$ 693.34 $ 6,240.06
Water Heaters
3,021.92
215.85
2,806.07
Total $ 9,955.32 $ 909.19 $ 9,046.13
208
The depreciation charges shown above have been applied to account "No. 561-Rent from Appliances".
Book accounts were adjusted to conform with the above inventory values.
Prepaid Insurance-$428.86.
This represents the unexpired insurance premiums as at December 31, 1933, which we computed from policies furnished us and those in the possession of the Town Treasurer applicable to this Department.
Bonds Payable-$69,500.00.
The balances of the various issues as at December 31, 1933, were confirmed by the Town Accountant. A total of $12,000.00, Munici- pal Light Department serial bonds were retired from operating funds during the year. The above amount retired was in accordance with the various bond agreements. A detail of bonds and notes authorized, issued and outstanding is shown in Schedule "3", attached.
No additional bonds were issued during the year.
Accounts Payable-$15,642.85.
A schedule of unpaid creditors' accounts as at December 31, 1933 was compared with the unpaid invoices recorded on the books and the total was in agreement with the General Ledger control.
These accounts may be aged as follows :
1
December invoices
$ 14,433.72
November invoices
1,254.22
October and prior
45.09
Total
$ 15,642.85 1
It appeared that all invoices applicable to the year under examina- tion had been entered. We did not make direct verification with the creditors.
Consumers' Deposits-$7,531.51.
Individual deposit cards, representing guaranteed funds received by the Department from consumers, were examined and the total of the balances. was in agreement with the above liability . Customers whose deposits had been in the custody of the Department for six months or more either received interest or their accounts were cred- ited at the rate of 4 per cent per annum.
Other Liabilities-$560.42.
The Federal tax on electric energy billed to customers prior to September 1, 1933, but unpaid as at December 31, 1933, is set forth in this account.
Interest Accrued on Bonds-$575.83.
We computed the accrued interest as at December 31, 1933 on the
209
-
various bond issues. A detail of this balance is shown in Schedule "3", attached.
Other Accrued Items-$250.00.
This represents a loan from the Town Treasurer to this Department for petty cash purposes.
Loans Repayment-$344,400.00.
The increase of $12,000.00 in this account is due to the retirement of serial bonds previously mentioned in this report.
Appropriation of Construction Repayment-$30,678.26.
The Department returned to the general funds of the Town $18,- 678.26, representing the balance of the original appropriation from tax levy. This repayment is $78.26 in excess of the amount required to be returned as voted in Article 4 of the Warrant of the last Town Meeting.
This account is set up in accordance with the reclassification of the "Uniform System of Accounts" as prescribed by the Department of Public Utilities, dated January 1, 1934.
Profit and Loss-$146,516.48.
An analysis of this account is shown in Exhibit "C", which re- flects a profit of $48,505.45 before bond retirement and repayment of appropriation for construction. The net addition to this account dur- ing the year was $17,827.19.
Operating Revenue-$275,065.60.
There was a decrease of $11,932.20 in revenue due principally to commercial lighting and retail power. Kilowatt hours sold for the year ended December 31, 1933 totalled 6,259,657 as compared with 6,- 292,489 for the preceding year.
The average net revenue from all classes of electric service ap- peared to be $.0439 per kilowatt hour as compared with $.0455 per kilo- watt hour for the year 1932.
A rate reduction went into effect February 1, 1933, and a further reduction effective January 1, 1934 was authorized by the Department of Public Utilities.
The classified net revenue of this Department is shown in Exhibit "B", attached.
A tabulation of kilowatt hours purchased, sold and used is shown in Schedule "4". The line loss of 12.34 per cent for the year 1933 is somewhat less than the preceding year.
Operating Expenses-$214,106.62.
This amount reflects a reduction of $23,717.48 for the year ended December 31, 1933 over the preceding year. This decrease is due main - ly to reduced transmission and distribution expenses as reflected by Exhibit "B".
The ratio of operating expenses to net operating revenue was 77.8 per cent as compared with 82.8 per cent of the preceding year.
210
General Comments
We believe that the Department should change its present system of filing and method of allocating expense and capital costs so as to show the cost of various classes of operations on prepared work sheets. The present system does not give sufficient information, which may readily determine the cost of projects completed, or in process of completion and remain in such form in order that a re-check may be readily made, without a re-assembly of reports.
Merchandise and Jobbing Operations for the year showed a loss of $3,142.50. A summary of these operations for the year is shown in Schedules "5" and "6" of this report. It is apparent that the increased sales of kilowatt hours to residential customers is partially attributed at least to this class of service by the Department in the sale and ser- vicing of electric appliances.
From an examination of the list of bonded employees, it would appear that the Department is adequately protected.
Respectfully submitted, CHARLES E. STANWOOD & SONS, INC. By A. T. Stanwood
EXHIBIT "A"
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE BALANCE SHEET AS AT December 31, 1933-December 31, 1932
ASSETS
Plant Investment:
111
Land
$ 2,575.80
$ 2,575.80
$
.00
113
Structures
33,804.71
34,697.60
892.89*
114
Boiler Plant Equipment
15,343.24
19,525.04
4,181.80*
115
Prime Movers & Auxiliaries
6,422.93
8,163.73
1,740.80*
116
Turbo-Generator Units
9,658.24
12,470.49
2,812.25*
125
Poles, Fixtures and Overhead Conductors
243,036.87
239,419.94
3,616.93
126
Underground Conduits
33,368.36
20,659.03
12,709.33
127
Underground Conductors
14,441.27
15,069.67
628.40*
128 Consumers' Meters
35,746.05
37,178.55
1,432.50*
129
Consumers' Meter Install's.
6,595.31
6,483.03
112.28
130
Line Transformers
39,513.96
41,171.30
1,657.34*
131
Transformer Installations ..
4,538.92
4,819.57
280.65*
132
Street Lighting Equipment
12,538.71
14,016.95
1,478.24*
. .
117
Electric Plant-Steam
28,396.02
31,417.53
3,021.51*
1933
1932
Increase Decrease*
211
133 Consumers' Premises Equip.
91.75
1932 145.37
Increase Decrease* 53.62*
TOTAL PLANT INVESTMENT $486,072.14
$487,813.60
$ 1,741.46*
General Equipment:
150 Office Equipment
$ 10,409.53
$ 10,704.75
$
295.22*
152 Stores Equipment
582.89
580.88
2.01
153 Transportation Equipment
1,875.00
3,021.75
1,146.75*
154
Laboratory Equipment
2,357.03
1,378.03
979.00
155 Miscellaneous Equipment
1,465.90
1,620.81
154.91*
TOTAL GENERAL EQUIP.
$ 16,690.35
$ 17,306.22
$ 615.87*
201 Unfinished Construction
$ 217.50
$ 217.50
$ .00
TOTAL INVESTMENT
$502,979.99
$505,337.32
$ 2,357.33*
Current Assets :
204-2 Construction Fund
$ 1,050.01
$ 368.36
$ 681.65
204-3 Petty Cash Fund
250.00
250.00
.00
205-1
Depreciation Fund
9,356.45
7,479.11
1,877.34
205-2
Consumers' Deposit Fund
7,531.51
7,340.97
190.54
206
Notes Receivable
761.60
404.85
356.75
207-1
Accounts Rec. Consumers'
25,483.43
22,430.25
3,053.18
207-2
Accounts Rec. Miscell ..
6,721.76
6,891.56
169.80*
General
24,805.81
24,950.26
144.45*
2 Station Tools & Applian's
464.03
403.56
60.47
3 Distribution . Tools and Appliances
5,276.94
5,833.98
557.04*
4 Printing & Office Supplies
1,012.78
1,107.96
95.18*
5 Lamps and Appliances
19,804.97
17,205.63
2,599.34
5a Leased Appliances
9,046.13
.00
9,046.13
6 Coal Supplies
135.90
471.71
335.81*
9 Station Supplies
545.18
375.33
169.85
TOTAL CURRENT ASSETS
$112,246.50
$ 95,513.53
$ 16,732.97
Prepaid Items
214 Prepaid Insurance
$ 428.86
$ 812.22
$ 383.36*
GRAND TOTALS
$615,655.35
$601,663.07
$ 13,992.28
209-1
Materials & Supplies-
212
1933
LIABILITIES AND PROFIT AND LOSS
1933 1932
Increase Decrease*
Appropriation :
301 Appropriation for Const. . $
.00
$ 18,678.26 $ 18,678.26*
Bonds and Notes Payable:
305 Bonds Payable.
$ 69,500.00 $ 81,500.00
306 Notes Payable
.00
.00
$ 12,000.00* .00
TOTAL BONDS AND NOTES
PAYABLE $ 69,500.00 $ 81,500.00 $ 12,000.00*
Current Liabilities :
308 Accounts Payable
$ 15,642.85
$ 19,393.77
$ 3,750.92*
309 Consumers' Deposits
7,531.51
7,340.97
190.54
312 Other Liabilities
560.42
730.99
170.57*
TOTAL CURRENT LIABILITIES $ 23,734.78
$ 27,465.73
$ 3,730.95*
Accrued Items :
314 Interest Accrued on Bonds $
575.83
$ 679.79
$ 103.96*
315 Other Accrued Items-Loan
due Town Treasurer . .
250.00
250.00
.00
TOTAL ACCRUED ITEMS
$ 825.83
$ 929.79
$ 103.96*
Appropriated Surplus :
322 Loans Repayment
$344,400.00
$332,400.00 $ 12,000.00
323 Appropriations for Construc- tion Repayment
30,678.26
12,000.00
18,678.26
TOTAL APPROPRIATED SURP. $375,078.26
$344,400.00
$ 30,678.26
Profit and Loss:
400 Profit and Loss Balance (See Exhibit "C")
$146,516.48 $128,689.29 $ 17,827.19
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