USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1938 > Part 13
Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26
Total
Issued
Bonds
$322,500.00
Notes
216,400.00
Balance Outstanding $ 31,500.00 105,000.00
Total Retired $291,000.00 111,400.00
Totals
$538,900.00
$136,500.00
$402,400.00
See Schedule "3" of this report for further detail of above.
Appropriation for Construction Repayment-$30,678.26
This account represents amounts appropriated by the Town from tax levy for the benefit of this Department and which have been fully repaid to the Town by the Department.
Profit and Loss-$153,103.73
The increase in the profit and loss account amounted to $1,187.77 for the year. A detail of this increase is set forth in Exhibit "C" of this report.
The net income of the Department for the year amounted to $41,168.60 before bond and note retirement, payment to the Town Treasurer and miscellaneous adjustments. A detail of net income is shown in Exhibit "B".
163
COMMENTS AND EXPLANATIONS OF OPERATIONS
A summary of the decrease in net income for the year 1938 from net income in 1937 is as follows :
Increase
Items
Total Operating Revenue
Total Operating Expenses
Decrease* $2,264.17* 4,842.21
Net Operating Revenue $7,106.38*
Deductions from Operating Revenue 1,200.74
Net Operating Income $8,307.12*
Non-Operating Income 34.75*
Total Income $8,341.87*
Deductions from Total Income
3,536.32*
Net Income $4,805.55*
The decrease in total operating revenue for the year appears to be attributable mainly to a reclassification of "Commercial Service" which resulted in a decrease in revenue of $6,701.16 notwithstanding an in- crease in kilowatt hours of 48,062, and a decrease in both revenue and kilowatt hours from sales of "Commercial Power-Retail."
Total revenue was also affected adversely by the interruption of service resulting from the hurricane.
Kilowatt hours sold during 1938 totaled 8,400,252 as compared with 8,248,096 for 1937. The average revenue per kilowatt hour sold in 1938 was $.0375 as compared with $.0385 for 1937.
A comparative tabulation of kilowatt hours purchased, sold, used and unaccounted for, as shown by the records of the Department, is set forth in Schedule "4" of this report.
Included in total operating expenses is the amount of $6,412.14 representing extraordinary expenses arising from the hurricane of Sep- tember, 1938.
OTHER COMMENTS
At a meeting of the voters of the Town held in March, 1938, it was voted that there be included in the tax levy, for electricity used for street lights, the sum of fifteen thousand dollars, and that said sum and the income from sales of electricity to private consumers and for elec- tricity supplied to municipal buildings, and for municipal power, and from sales of appliances and jobbing during the current fiscal year, be appropriated for the Municipal Lighting Plant, and that the sum of
164
fifteen thousand dollars be appropriated from the receipts of the De- partment for the sale, installation and servicing of merchandise, equip- ment, utensils and chattels, as provided in Section 34 of Chapter 164 of the General Laws, said appropriations to be expended by the Mana- ger of Municipal Lighting, under the direction and control of the Mu- nicipal Light Board for the expense of the plant, including the sale, installation and servicing of merchandise, equipment, utensils and chat- tels, as defined in Chapter 164 of the General Laws, or any amend- ments thereof or additions thereto, and that if said sum and said in- come shall exceed said expense for said fiscal year, twenty-four thou- sand dollars shall be turned over to the Town Treasurer out of the profits of the Municipal Light Department, and the balance shall be transferred to the Construction Fund of said Plant and appropriated and used for such additions thereto as may be authorized by the Mu- nicipal Light Board.
The excess of income over expenses for 1938, as defined in Section 57 of Chapter 164 of the General Laws amounted to $25,187.77.
The Department turned over $24,000.00 to the Town Treasurer in accordance with the above vote.
A contingent liability in the amount of $18,187.22 existed at De- cember 31, 1938 on account of leases received from installment sales of electrical appliances and which were discounted with the Malden Morris Plan and the First National Bank of Reading.
Leases discounted with the Malden Morris Plan are now held by the First National Bank of Malden.
The cost of repairing the damage caused by the hurricane of Sep- tember, 1938, amounted to $25,166.61. As stated previously $18,754.47 represented replacement and renewals and was charged to plant in- vestment and the balance, or $6,412.14, was charged against operations for the year and allocated to the following accounts.
Operation of Transmission and Distribution Lines. $5,359.28
Maintenance of Consumer Installations 1,052.86
Total $6,412.14
The Department carries a blanket policy bonding all employees of the Department in the amount of $2,500.00 each. Additional coverage is carried as follows :
Manager
$2,500.00
Office Manager 2,500.00
Cashiers (2) 2,500.00 each
Collectors (2)
500.00 each
165
We have made a series of tests of the operating accounts for the year in order to satisfy ourselves of their general accuracy.
The accompanying exhibits and schedules have been prepared on the basis of and are subject to the comments hereinbefore stated.
For your convenience, these exhibits and schedules are set up in accordance with the "Uniform System of Accounts for Municipal Light- ing Plants" as prescribed by the Department of Public Utilities of Massachusetts.
Respectfully submitted,
CHARLES E. STANWOOD & COMPANY.
EXHIBIT "A"
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE BALANCE SHEET AS AT December 31, 1938 and 1937 ASSETS
Plant Investment
1938
1937
Increase Decrease*
111
Land
$
2,575.80
$ 2,575.80
$
.00
113
Structures
29,505.51
30,401.85
896.34*
114
Boiler Plant Equipment
250.00
250.00
.00
115
Prime Movers and Auxil- iaries
250.00
250.00
.00
116 Turbo-Generator Units
500.00
500.00
.00
123 Transformer Station and
59,033.21
58,907.61
125.60
Substation Equipment ...
40,617.45
33,932.68
6,684.77
126
Underground Conduits
74,441.31
75,098.06
656.75*
127
Underground Conductors
67,046.86
62,256.56
4,790.30
128 Consumers' Meters
35,472.68
35,164.58
308.10
129
Consumers' Meter Installa- tions
11,269.89
10,419.24
850.65
130 Line Transformers
32,031.20
35,573.37
2,942.17*
131
Transformer Installations .
3,976.94
4,113.21
136.27*
132
Street Lighting Equipment.
19,881.37
18,003.81
1,880.56
125
Poles, Fixtures and Over- head Conductors
269.865.84
255,119.61
14,747.23
117 Electric Plant-Steam
. ..
TOTAL PLANT EQUIPMENT $647,322.06 $622,566.38 $ 24,755.68
166
ASSETS
1938
1937
Increase Decrease*
General Equipment:
150 Office
$ 5,006.50
$
5,928.00
$ 921.50*
152 Stores
456.50
355.00
101.50
153 Transportation
4,840.00
5,250.00
410.00*
154
Laboratory
1,643.47
1,764.61
121.14*
155
Miscellaneous
385.26
633.42
248.16*
TOTAL GENERAL EQUIPMENT $ 12,331.73
$ 13,931.03
$ 1,599.30*
TOTAL INVESTMENT
$659,653.79
$636,497.41 $ 23,156.38
Current Assets:
204-2
Construction Fund
$ 5,018.28
$ 8,305.02
$
3,286.74*
204-3 Petty Cash Fund
250.00
250.00
.00
205-2 Consumers' Deposit Fund
9,329.54
8,730.81
598.73
206
Notes Receivable
428.43
428.43
.00
207-1
Accounts Receivable-Con- sumers
30,876.16
29,201.71
1,674.45
207-2
Accounts Receivable-Mis- cellaneous
10,242.33
7,852.87
2,389.46
209-1 Materials and Supplies- General
33,108.35
29,113.67
3,994.68
2 Station Tools and Appli- ances
749.32
766.88
17.56*
3 Distribution Tools and
Appliances
5,894.02
4,959.28
934.74
4 Printing and Office Sup- plies
813.33
700.47
112.86
5 Lamps and Appliances ...
17,396.59
18,048.87
652.28*
5A & B Leased Appliances (Depreciated)
1,225.35
2,729.45
1,204.10
6 Coal Supplies
739.80
662.39
77.41
9 Station Supplies
222.38
303.24
80.86*
TOTAL CURRENT ASSETS . .
$116,293.83 $112,053 09
$
4,240.79
Prepaid Items:
214 Prepaid Insurance
$
1,184.18
$ 1,196.07
$ 11.89*
GRAND TOTALS
$777,131.85
$749,746.57
$ 27,385.28
167
LIABILITIES AND PROFIT AND LOSS
1938
1937
Increase Decrease*
Bonds and Notes Payable:
305 Bonds Payable
$ 31,500.00 $ 37,000.00
$ 5,500.00*
306 Notes Payable
105,000.00
90,000.00
15,000.00
TOTAL BONDS AND NOTES
PAYABLE
$136,500.00 $127,000.00 $ 9,500.00
Current Liabilities:
308 Accounts Payable
$ 44,275.16 $ 43,264.65
$ 1,010.51
309 Consumers' Deposits
9,329.54
8,730.81
598.73
TOTAL CURRENT LIABILITIES
$ 53,604.70 $ 51,995.46
$ 1,609.24
Accrued Items:
314 Interest Accrued on Bonds and Notes
$ 595.16 $
687.09
$ 91.93*
315 Other Accrued Items -- Loan due Town Treasurer
250.00
250.00
.00
316 Premium on Bonds
.00
319.80
319.80*
TOTAL ACCRUED ITEMS $ 845.16 $ 1,256.89
$ 411.73*
Appropriated Surplus:
322 Loans Repayment
$402,400.00 $386,900.00 $ 15,500.00
323 Appropriation for Con- struction Repayment . .
30,678.26
30,678.26
.00
TOTAL APPROPRIATED SUR- PLUS
$433,078.26 $417,578.26 $ 15,500.00
Profit and Loss:
400 Profit and Loss Balance (See Exhibit "C")
$153,103.73 $151,915.96 $ 1,187.77
GRAND TOTALS
$777,131.85 $749,746.57 $ 27,385.28
168
EXHIBIT "B" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE STATEMENT OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 1938 AND 1937
Increase
Ratios
Revenue from Sales-Electric Energy:
1938 $212,064.33
1937 $202,747.48
Decrease* 9,316.85
1938
1937
501 Metered Sales-Residence Lighting
67.2
68.3
Metered Sales-Commercial Service
40,965.06
47,666.22
6,701.16*
13.0
15.0
Metered Sales-Wholesale Power
8,851.10
8,022.55
828.55
2.8
2.5
Metered Sales-Retail Power
14,199.23
19,873.09
5,673.86*
4.5
6.3
505 Sales to Other Companies Street Lighting .
28,846.93
29,217.03
370.10*
9.1
9.2
Municipal Buildings-Light and Power.
9,135.24
8,830.80
304.44
2.9
2.8
TOTAL REVENUE FROM SALES-ELECTRIC ENERGY
$315,225.72
$317,416.64
$ 2,190.92*
99.9
99.9
508 Rent from Property used in Operations
244.68
317.93
73.25*
.1
.1
TOTAL OPERATING REVENUE.
$315,470.40
$317,734.57
$ 2,264.17*
100.0
100.0
Electric Operating Expenses:
I Production
$110,687.83
$105,865.41
$ 4,822.42
35.1
33.3
II Transmission and Distribution
56,916.80
60,310.79
3,393.99*
18.0
19.0
III Utilization
10,004.32
10,875.06
870.74*
3.2
3.4
IV Commercial
16,254.11
16,434.11
180.00*
5.2
5.2
V New Business
6,671.00
2,986.52
3,684.48
2.1
.9
VI General and Miscellaneous
60,992.21
60,212.17
780.04
19.3
19.0
TOTAL OPERATING EXPENSES
$261,526.27
$256,684.06
$ 4,842.21
82.9
80.8
NET OPERATING REVENUE.
$ 53,944.13
$ 61,050.51
$ 7,106.38*
17.1
19.2
.
1,163.83
1,059.47
104.36
4
3
.
$
.
EXHIBIT "B" (Continued)
Ratios
1938
1937
Increase Decrease*
1938
1937
Deductions:
550 Uncollectible Operating Revenue .
$ 1,933.04
$ 1,513.10
$ 419.94
551 Taxes Assignable to Electric Operations.
4,771.60
3,990.80
780.80
TOTAL DEDUCTIONS
$ 6,704.64
$ 5,503.90
$ 1,200.74
NET OPERATING INCOME.
$ 47,239.49
$ 55,546.61
$ 8,307.12*
Non-Operating Income:
566 Miscellaneous Non-operating Income
$ 612.77
$ 647.52
$ 34.75*
TOTAL INCOME
$ 47,852.26
$ 56,194.13
$ 8,341.87*
Deductions from Total Income:
560 Merchandise and Jobbing Loss
$ 2,983.01
$ 5,685.61
$ 2,702.60*
561 Rent Electric Appliances . .
535.26
1,303.01
767.75*
576
Interest on Bonds and Notes
3,117.90
3,206.67
88.77*
563 Interest Expense
47.49
24.69
22.80
TOTAL DEDUCTIONS FROM INCOME.
$ 6,683.66
$ 10,219.98
$ 3,536.32*
NET INCOME-TRANSFERRED TO PROFIT AND LOSS EXHIBIT "C"
$ 41,168.60 $ 45,974.15
$ 4,805.55*
EXHIBIT "C" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE ANALYSIS OF PROFIT AND LOSS For the Years Ended December 31, 1938 and 1937
Increase
Balance-Beginning of Year
1938 1937 $151,915.96 $137,723.81
Decrease* $ 14,192.15
Additions:
Net Income-Transferred from Statement of Operations - Exhibit "B"
41,168.60
45,974.15
4,805.55*
Premium on Bonds
319.80
.00
319.80
$193,404.36
$183,697.96
$ 9,706.40
Deductions :
Bonds and Notes Retired ....
$ 15,500.00 $ 9,500.00 $ 6,000.00
Funds Turned Over to Town Treasurer in Accordance with Votes of the Town
24,000.00
22,000.00
2,000.00
Allowances for Rentals Paid in Prior Years on Purchase of Electric Ranges
155.75
282.00
126.25*
Loss on Sale of Transformers
644.88
.00
644.88
$ 40,300.63
$ 31,782.00
$ 8,518.63
Balance-End of Year (See Ex- hibit "A")
$153,103.73 $151,915.96
$ 1,187.77
Net Increase or Decrease* in Profit
and Loss for Year
$ 1,187.77 $ 14,192.15
SCHEDULE "1"
COMPARATIVE CLASSIFIED STATEMENT OF INCOME TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT For the Years Ended December 31, 1938 and 1937
1938
1937
Increase Decrease*
Metered Sales-Residence Lighting:
Reading
$122,763.47
$117,291.93
$ 5,471.54
Lynnfield
17,728.46
16,697.70
1,030.76
North Reading
26,996.74
25,780.26
1,216.48
171
SCHEDULE "1" (Continued)
1938
1937
Decrease* Increase 1,598.07
Wilmington
44,575.66
42,977.59
Total Residence Lighting
$212,064.33
$202,747.48
$ 9,316.85
Metered Sales-Commercial Service:
Reading
$ 25,830.77 $ 30,450.22
$ 4,619.45*
Lynnfield
1,399.56
1,292.05
107.51
North Reading
5,392.64
6,406.90
1,014.26*
Wilmington
8,342.09
9,517.05
1,174.96*
Total Commercial Service
$ 40,965.06
$ 47,666.22
$ 6,701.16*
Metered Sales-Wholesale Power:
Reading
$ 7,303.59
$ 6,278.92
$ 1,024.67
Lynnfield
.00
.00
.00
North Reading
1,547.51
1,743.63
196.12*
Wilmington
.00
.00
.00
Total Wholesale Power ..
$ 8,851.10
$ 8,022.55
$ 828.55
Metered Sales-Retail Power:
Reading
$ 11,112.59
$ 16,049.28
$ 4,936.69*
Lynnfield
723.26
744.85
21.59*
North Reading
735.23
955.99
220.76*
Wilmington
1,628.15
2,122.97
494.82*
Total Retail Power
$ 14,199.23
$ 19,873.09
$ 5,673.86*
Total Metered Light, Heat and Power Income ...
$276,079.72 $278,309.34 $
2,229.62*
Sales to Other Electric Companies:
Wakefield
$ 350.62
$ 350.43
$ .19
Lowell
59.58
53.95
5.63
Lawrence
662.50
553.51
108.99
Peabody
8.80
9.00
.20*
Edison
Electric Illuminating
82.33
92.58
10.25*
Co. of Boston
Total Sales to Other Com-
panies
$ 1,163.83 $ 1,059.47
$ 104.36
172
SCHEDULE "1" (Continued)
1938 1937
Decrease* Increase
Municipal Revenue:
Street Lighting:
Reading
$ 15,021.00 $ 14,591.50
$ 429.50
Lynnfield
2,265.37
2,330.15
64.78*
North Reading
4,555.47
4,569.01
13.54*
Wilmington
7,005.09
7,726.37
721.28*
Total Street Lighting In-
come
$ 28,845.93
$ 29,217.03
$ 370.10*
Buildings:
Lighting and Heat
$ 2,648.02
$ 2,687.06
$ 39.04*
Power-Retail and Wholesale
6,487.22
6,143.74
343.48
Total Income - Municipal
Buildings
$
9,135.24 $ 8,830.80
$ 304.44
Total Income From Sales-
Electric Energy
$315,225.72 $317,416.64 $ 2,190.92*
(See Exhibit "B")
SCHEDULE "2" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE CLASSIFIED STATEMENT OF OPERATION EXPENSES For the Years Ended December 31, 1038 and 1937
1938
1937
Increase Decrease*
I Production Expenses:
609 Station Supplies
$
.00
$ 5.93
$ 5.93*
611 Maintenance of Station
Structures
413.81
1,488.73
1,074.92*
612 Maintenance of Boiler Plant Equipment
25.00
1.35
23.65
613 Maintenance of Steam En- gines
.00
14.38
14.38*
616 Maintenance of Accessory Electric Equipment
55.89
360.01
304.12*
634
Electric Energy Purchased
110,193.13
103,995.01
6,198.12
Total Production Expenses
$110,687.83
$105,865.41
$ 4,822.42
173
SCHEDULE "2" (Continued)
1938 1937 Decrease* Increase
Il Transmission and Distribution Expenses:
636 Transformer Station and Sub-Station Superintend- ence and Labor
$ 9,191.67 $ 9,100.94 $ 90.73
637 Transformer Station and Sub-Station Supplies and Expense
703.05
1,989.58
1,286.53*
638 Operation of Transmission and Distribution Lines ..... Transmission and Distribu- tion Supplies and Expense 640 Inspecting and Testing Meters
21,882.18
21,829.32
52.86
639
1,121.81
875.09
246.72
641 Removing and Resetting Meters
4,119.78
3,274.46
845.32
Transformers
427.71
203.00
224.71
646 Maintenance of Transformer Station and Sub-Station Equipment
539.34
316.69
222.65
647 Maintenance of Transmis- sion and Distribut'n Lines 647-2 Maintenance of Transmis- sion and Distribut'n Lines (Highway Construction).
3,314.32
2,845.99
468.33
648 Maintenance of Under- ground Conduits . . .
16.62
343.81
327.19*
649 Maintenance cf Under- ground Conductors
00
38.39
38.39*
650 Maintenance of Consumers' Meters
472.91
433.76
39.15
651 Maintenance of Trans- formers
395.60
93.35
302.25
Total Transmission and Dis- tribution Expenses
$ 56,916.80 $ 60,310.79
$
3,393.99*
Ill Utilization Expenses:
634 Operation of Municipal Street Lamps $
2,879.32
$ 3,151.68 $
272.36*
657 Maintenance of Municipal
Street Lamps
996.26
656.40
339.86
1,436.43
1,554.67
118.24*
642 Removing and Resetting
13,295.38
17,411.74
4,116.36*
174
SCHEDULE "2" (Continued)
1938 1937
Decrease* Increase
659 Maintenance of Consumers' Installations
6,128.74
7,066.98
938.24*
Total Utilization Expenses
$ 10,004.32
$ 10,875.05
$ 870.74*
Total Production, Transmis- sion and Distribution and Utilization Expenses . .
$177,608.95 $177,051.26 $
1938
1937
557.69 Increase Decrease*
IV Commercial Expenses:
660 Commercial Salaries
$ 11,051.31
$ 11,404.91
$ 353.00*
661 Commercial Supplies and
Expenses
5,202.80
5,02).20
173.60
Total Commercial Expenses
$ 16,254.11
$ 16,:31.11
$ 180.00*
V New Business Expenses:
662 New Business Salaries
$ 3,040.02
$ 106.20
$
2,933.82
663 New Business Supplies and Expenses
27.46
.00
27.46
664 Advertising
3,603.52
2,880.32
723.20
Total New Business
Ex-
penses
$ 6,671.00
$ 2,986.52
$ 3,684.48
VI Miscellaneous and General Expenses:
666 Salary of Manager
$ 5,930.00
$ 5,980.00
$ .00
667 Salaries of General Office Clerks
7,976.88
6,846.94
1,129.94
668 General Office Supplies and Expenses
2,235.75
1,464.67
771.08
669
General Office Rents
1,193.25
1,224.31
31.06*
671 Insurance
2,243.53
2,199.30
44.23
673
Accidents and Damages.
25.84
84.67
58.83*
674 Stores Expense
3,427.64
3,849.36
421.72*
675
Transportation Expense
2,458 02
4,359.21
1,901.19*
676
Inventory Adjustments ....
2,260.08
3,292.53
1,032.45*
Structures
561.11
801.87
240.76*
678
Depreciation
3.2.3-9.30
29,770.06
2,569.33
679
Miscellaneous General Ex-
290.72
339.25
48.53*
Total Miscellaneous and
General Expenses
$ 60,992.21
$ 60,212.17
$ 780.04
Total Operating Expenses
$261,526.27
$256,684.06
$ 4,842.21
175
677
Maintenance of General
pense
SCHEDULE "3" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT BONDS AND NOTES AUTHORIZED, ISSUED AND OUTSTANDING AS AT DECEMBER 31, 1938
BONDS:
No. of Date
Date
Amount of Original
Rate of
Amount Retired to
Amount Retired
Balance Out- Standing December
Accrued Interest December
Issue Authorized
Issued
Issue
Payments of Principal Int.
Interest Payable
Jan. 1, 1938 During 1938
31, 1938
31, 1938
1
August 1894
10- 1-1894 $ 50,000.00 $1,000. yearly 10 Yrs. 4 % April 1-October 1
$ 50,000.00 $
.00
$
00
$
.00
2,000. yearly 20 Yrs.
2
May 1907
10- 1-1907
26,000.00
1,000
yearly 26 Yrs.
41/2
April 1-October 1
26,000.00
00
.00
00
3
June 1911
7-15-1911
20,000.00
2,000.
yearly
10 Yrs.
4
January 15-July 15
20,000.00
00
.00
.00
4
August 1913
10-15-1913
23,500.00
1,500.
yearly
9 Yrs.
41/2
April 15-October 15
23,500.00
.00
.00
.00
1,000.
yearly
10 Yrs.
5
Sept. 1914
9-15-1914
8,000.00
500.
yearly
16 Yrs.
41/2 March 15-Sept. 15
8,000.00
00
00
.00
6
March 1916
5-15-1916
10,000.00
500.
yearly 20 Yrs.
4
Nov. 15-May 15
10,000.00
.00
.00
00
7
March 1917
10- 1-1917
55,000.00
3,000.
yearly
18 Yrs.
41/2
April 1-October 1
55,000.00
.00
.00
00
1,000.
yearly
1 Yr.
8
October 1918
1- 1-1919
12,000.00
yearly
4 Yrs.
41/2
January 1-July 1
11,000.00
500.00
500.00
11.25
9
March 1919
4- 1-1919
20,000.00
1,000.
yearly 20 Yrs.
43/4
October 1-April 1
18,000.00
1,000.00
1,000.00
11.88
10
March 1920
5- 1-1920
20,000.00
1,000.
yearly
20 Yrs.
5
Nov. 1-May 1
17,000.00
1,000.00
2,000.00
16.66
11
Dec. 1923
12- 1-1923
10,000.00
1,000.
yearly
10 Yrs.
41/2
June 1-Dec. 1
10,000.00
00
.00
00
12
March 1926
8- 1-1926
13,000.00
3,000.
yearly
1 Yr.
4
February 1-August 1
13,000.00
00
.00
00
13
March 1930
6- 1-1930
15,000.00
2,000.
yearly
5 Yrs.
4
June 1-December 1
12,000.00
1,000.00
2,000.00
6.67
1,000.
yearly
5 Yrs.
14
March 1931
4-15-1931
40,000.00
2,000.
yearly 20 Yrs. 31/2
October 15-April 15
12,000.00
2,000.00
26,000.00
189.58
Total Bonds
$322,500.00
$285,500.00
$ 5,500.00
$ 31,500.00
$ 236.04
1,000. 500.
yearly
16 Yrs.
2,000.
yearly
5 Yrs.
NOTES :
1 March 1895 5- 1-1896 $ 7,000.00 $1,400.
5 Yrs. 4 %
November 1-May 1
$ 7,000.00 $ .00
$
.00 $ .00
2 March 1896 5- 1-1896
7,000.00 1,400.
5 Yrs.
4 November 1-May 1
7,000.00
00
.00
.00
3 Dec. 1896
12- 9-1896
1,500.00 1,500.
yearly 1 Yr. 4 33/4 June 9-December 9 January 15-July 15
1,500.00
.00
.00
.00
4
March 1898
7-15-1898
3,000.00
1,000. July 15, 1901
3,000.00
.00
.00
00
July 15, 1904
5
March 1903
12- 7-1903
1,400.00
December 7, 1906 4
June 7-December 7
1,400.00
.00
00
00
6
March 1909
11-15-1909
2,500.00
Nov. 10, 1910
4
May 15-November 15
2,500.00
.00
00
.00
7 Nov. 1909
1-21-1910
1,800.00
1,800.
January 3, 1913 4
July 21-January 21
1,800.00
.00
00
00
8
January 1910
3-27-1910
12,000.00
1,000.
yearly 12 Yrs.
4
Sept. 27-March 27
12,000.00
.00
.00
00
9
June 1911
7- 2-1911
2,200.00
2,200.
July 12, 1912
4
January 12-July 12
2,200.00
.00
.00
.00
10
March 1913
4-16-1913
13,500.00
1,500.
yearly
9 Yrs.
41/4
October 16-April 16
13,500.00
.00
.00
.00
11
March 1915
5-15-1915
12,000.00
800.
yearly 15 Yrs.
4
November 15-May 15
12,000.00
.00
.00
.00
12
March 1915
7-15-1915
4,000.00
500.
yearly
8 Yrs.
4
January 15-July 15
4,000.00
.00
.00
.00
13
March 1917
9-22-1917
6,500.00
500.
yearly
13 Yrs.
5
March 22-Sept. 22
6,500.00
.00
.00
.00
14
Nov. 1919
11-20-1919
3,000.00
1,500.
yearly
2 Yrs.
5
May 20-November 20
3,000.00
.00
00
00
15
March 1921
7- 1-1921
7,000.00
1,000.
yearly
7 Yrs.
6
January 1-July 1
7,000.00
.00
.00
.00
16
Dec. 1922
12-15-1922
7,000.00
1,000.
yearly
7 Yrs.
41/2
June 15-December 15
7,000.00
.00
.00
.00
17
March 1934
5-15-1934
20,000.00
2,000.
yearly
10 Yrs.
3
May 15-November 15
6,000.00
2,000.00
12,000.00
45.00
18
March 1935
6-15-1935
20,000.00
2,000.
yearly
10 Yrs.
13/4
June 15-December 15
4,000.00
2,000.00
14,000.00
10.20
19
March 1937
4- 1-1937
60,000.00
6,000.
yearly 10 Yrs. 21/4
April 1-October 1
00
6,000.00
54,000.00
303.75
20
Dec. 1938
12-29-1938
25,000.00 25,000.
Dec. 29, 1939
1/4
00
.00
25,000.00
.17
Total Notes
$216,400.00
$101,400.00
$ 10,000.00
$105,000.00
$ 359.12
Total Bonds and Notes
$386,900.00 $ 15,500.00 $136,500.00
$ 595.16
yearly yearly
2,000. 1,400.
1,000. 1,500.
Nov. 15, 1911
SCHEDULE "4" TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT COMPARATIVE DETAIL OF KILOWATT HOURS PURCHASED, SOLD AND USED For the Years Ended December 31, 1938 and 1937
Kilowatt Hours:
1938
1937
Generated
00
00
Purchased
9,453,053
9,227,569
TOTAL
9,453,053
9,227,569
225,484
Kilowatt Hours Sold:
Residence Service
5,076,569
4,798,673
277,896
Commercial Service
1,177,962
1,129,900
48,062
Commercial Power-Retail ...
498,040
786,029
287,989*
Commercial Power-Wholesale
469,054
413,780
55,274
Municipal Service
121,598
114,040
7,558
Municipal Power-Wholesale.
329,400
323,800
5,600
Municipal Power-Retail
2,502
1.733
764
Co-operative Re-sale Service ..
36,455
33,053
3,402
Street Lighting
688,672
647,083
41,589
TOTAL KILOWATT HOURS
SOLD
8,400,252
8,248,096
152,156
Kilowatt Hours Used at Sta- tion, Office, and Garage and Miscellaneous
82,788
77,180
5,608
Kilowatt Hours Used for
Christmas Illumination . .. .
4,172
16,072
11,900*
Kilowatt Hours Unaccounted for
965,841
886,221
79,620
TOTAL
9,453,053
9,227,569
225,484
Per Cent Unaccounted for.
10.22%
9.60%
Increase Decrease* 00 225,484
178
EIGHTEENTH ANNUAL REPORT
of the
BOARD OF PUBLIC WORKS
For the Year Ended
December 31, 1938
REPORT OF THE BOARD OF PUBLIC WORKS
To the Citizens of Reading :
The Board of Public Works organized on March 11, 1938, the first meeting date after the Town Election, with Alexander Lindsay as Chairman and Harold W. Putnam as Secretary. Philip Welch was re- appointed as Superintendent.
The several departments under the direct control of the Board of Public Works have functioned in a manner which, we believe, has been to the best interest of the town and the taxpayers. The policies deter- mined by the board have been carried out under the supervision of the Superintendent.
Water Department
The filtration plant continues to operate efficiently. The filters have been raked and cleaned as needed. Frequent tests made by our own engineers and the State Department of Public Health show the filtered water to be practically free from iron and carbon-dioxide, and to be of excellent quality.
The dual 12" distribution main on Grove street, from the corner of Franklin street to the pumping station, has been partially completed. It is hoped that the installation of this main will be completed this year.
Due to the exceptionally high water level in the well field through- out 1938, it was impossible to drive new wells. New wells and suction mains will be installed in 1939, if the water level permits.
During the hurricane in September, the power line to the pumping station was out of commission for fifty hours. The situation, while serious, was not alarming. The board does, however, consider it worth- while to consider the possibility of making available emergency auxili- ary power. This matter is being given serious consideration.
Highway Department
In general, we feel that the surface of the streets of the town are in good condition. There still remain a few streets which need com- plete resurfacing. It is hoped these will be resurfaced in 1939. The department believes that the townspeople wish good streets and hopes the town will appropriate sufficient funds to properly maintain the street surfaces. This, in the long run, will be good economy.
Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.