USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1939 > Part 15
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8,851.10
1.887
Municipal Service
135,174
2,862.68
2.118
121,598
2,648.02
2.188
Municipal Power-Retail
2,466
123.46
.050
2,502
118.38
047
Municipal Power-Wholesale
363,562
6,633.70
1.825
329,400
6,368.84
1.933
Co-operative Resale Service
43,258
1,371.87
3.170
36,455
1,163.83
3.193
Street Lighting
692,394
26,369.26
3.808
688,672
28,846.93
4.189
Totals
9,409,182
333,234.86
3.541
8,400,252 $315,225.72
3.753
INCOME FROM EACH TOWN
1939
1938
Increase Decrease*
Reading
$200,340.03
$191,166.66
$ 9,173.37
Lynnfield Center
23,464.48
22,116.65
1,347.83
North Reading
43,435.94
39,227.59
4,208.35
Wilmington
64,622.54
61,550.99
3,071.55
Other Districts
1,371.87
1,163.83
208.04
Totals
$333,234.86
$315,225.72
$ 18,009.14
KILOWATT HOURS SOLD IN EACH TOWN
1939
1938
Increase Decrease*
Reading
6,481,853
5,730,141
751,712
Lynnfield Center
507,643
459,004
48,639
North Reading
986,128
883,369
102,759
Wilmington
1,390,300
1,291,283
99,017
Other Districts
43,258
36,455
6,803
Totals
9,409,182
8,400,252
1,008,930
CLASSIFICATION OF CUSTOMERS DECEMBER 31, 1939
Wil- Lynnfield No. ming- Totals Reading Center Reading ton
Residence Service
5626
2938
479
849
1360
Commercial Service
478
264
27
65
122
Commercial Power-Retail
93
55
3
11
24
Primary Power-Wholesale
12
9
3
Municipal Service
45
45
Municipal Power-Retail
7
7
Municipal Power-Wholesale ..
5
5
Co-operative Resale Service
24
11
1
2
10
Private Street Lights
17
7
3
4
3
Public Street Lights
3
1
1
1
Totals 1939
6310
3341
514
935
1520
Totals 1938
6141
3266
509
904
1462
Increase
169
75
5
31
58
Decrease*
193
COMPARATIVE STATEMENT OF POLE ADDITIONS AND RENEWALS BY SIZES
Pole
Additions
Renewals
Size
1939
1938
1937
1939
1938
1937
25
1
-
-
1
30
50
47
61
158
455
209
35
24
19
32
202
300
229
40
1
2
24
44
32
45
1
3
50
-
-
-
-
Totals
76
66
95
385
800
473.
COMPARATIVE STATEMENT OF POLE ADDITIONS AND RENEWALS Additions
Reading
24
17
52
Lynnfield Center
9
24
4
North Reading
19
9
16
Wilmington
24
16
23
Total Additions
76
66
95
Renewals
Reading
146
204
199
Lynnfield Center
39
48
73
North Reading
55
184
131
Wilmington
145
364
70
Total Renewals
385
800
473
Total Poles Handled
461
866
568
NUMBER OF STREET LIGHTS BY SIZES
Lynnfield No. Wilming- Center Reading ton
60 C. P.
Totals 1627
Reading 576
173
358
520
100 C. P.
16
16
250 C. P.
257
254
3
400 C. P.
35
35
600 C. P.
95
85
10
1000 W.
5
5
Totals 1939
2035
971
176
358
530
Hours Burned
4014
*4000
*4000
*4000
-
55
1939
1938
1937
-
*Controlled by time clock-estimated.
194
PLANT INVESTMENT ACCOUNTS-ELECTRIC
Book
Plant Investment
Balance Jan. 1, '39
1939
1939
ment Dec. 31, '39
Land-Plant
$2,575.80
$2,575.80
Land-New Building
7,459.46
7,459.46
Structures
16,660.61
554.04
16,106.57
Structures-Garage
12,844.90
342.30
12,502.60
Structures-New Bldg.
25,489.10
25,489.10
Boiler Plant-Equip
250.00
250.00
Prime Movers & Auxil.
250.00
250.00
Turbo. Gen. Units ..
500.00
500.00
Elec.
Plant-Steam
59,033.21
1,613.59
4,841.62
55,805.18
Trans. Sta. & Substa. Equip.
40,617.45
263.32
2,579.19
*2,100.00
36,201.58
Poles, Fixt. & Over-
head Conductors .. 269,866.84
11,204.07
14,823.54
266,247.37
Underground Conduit 74,441.31
3,129.45
1,643.76
75,927.00
Underground Cond'rs. 67,046.86
6,835.70
2,284.49
71,598.07
Consumers' Meters'
35,472.68
2,069.28
2,083.41
35,458.55
Consumers' Meter
Installations
11,269.89
1,801.39
534.38
12,536.90
Line Transformers
32,631.20
60.31
1,554.93
31,136.58
Trans. Installations
3,976.94
55.00
223.77
3,808.17
Street Light Equip. .
19,884.37
2,218.44
1,853.07
20,249.74
-
Total Plant Invest. $647,322.06 $62,199.11 $33,318.50
*2,100.00 $674,102.67
General Equipment:
Office Equipment
$5,006.50 $1,648.50 $1,074.70 $
$5,580.30
Stores Equipment
456.50
22.83
433.67
Transport. Equip.
4,840.00
1,805.87
1,234.87
5,411.00
Laboratory Equip. .
1,643.47
73.01
85.82
1,630.66
Miscell. Equip.
385.26
1,006.71
409.03
982.94
Total Gen. Equip. $12,331.73
$4,534.09 $2,827.25 $
$14,038.57
-
Additions Deductions Adjust- Balance
195
Plant Investment
Book Balance Additions Deductions Adjust- Balance Jan. 1, '39 1939 1939 ment Dec. 31, '39
Misc. Physical Prop.
Land
$1,601.10
Misc. Physical Prop.
Bldg.
6,398.90
Total Physical
Property
$8,000.00
Total Investments $659,653.79 $74,733.20 $36,145.75 *2,100.00 $696,141.24
TOTAL COST OF PLANT AS OF DECEMBER 31, 1939
Cost of Land-Ash Street
$ 2,575.80 25 Haven Street 7,459.46 $ 10,035.26
Cost of Structures-Ash Street $ 44,816.75
25 Haven Street 25,489.10 70,305.85
Generating Plant-Steam:
Cost of Boiler Plant Equip. $ 69,696.71
Cost of Prime Movers & Auxiliaries 21,512.38
Cost of Turbo Generator Units 46,870.83
Cost of Electric Plant-Steam 82,307.29
$220,387.21
Transmission, Distribution and Storage:
Cost of Trans. Sta. and Substa. Equip. .. $ 40,568.94
Cost of Poles, Fixt. and Overhead Cond. 460,957.48
Cost of Underground Conduits 85,317.36
Cost of Underground Conductors 82,985.26
Cost of Consumers' Meters 70,756.93
Cost of Consumers' Meters Installations 19,614.20
Cost of Line Transformers 51,891.19
Cost of Line Transformer Installations 5,453.56 $817,544.92
Utilization Equipment:
Cost of Street Lighting Equipment $ 48,114.93 $ 48,114.93
Total Cost of Electric Plant on Which Depre- ciation is Based $1,166,388.17
Cost of Misc. Physical Property :
High St. Land $ 1,601.10
High St. Building 6,398.90 $ 8,000.00
Total Cost of Electric Plant as shown by Books
$1,174,388.17
196
COST OF DISTRIBUTION SYSTEM IN OUTSIDE TOWNS
North Reading
Total Investment December 31, 1939:
Poles, Fixtures and Overhead Conductors . $ 92,395.30
Consumers' Meters
14,903.59
Line Transformers
9,750.25
Street Lighting Equipment
3,569.68
Substation Equipment
2,069.19
$122,688.01
Lynnfield Center
Total Investment December 31, 1939:
Poles, Fixtures and Overhead Conductors . $ 45,908.45
Consumers' Meters
7,283.35
Line Transformers
3,508.34
Street Lighting Equipment
2,094.19
Substation Equipment
1,051.46
$ 59,845.79
Wilmington
Total Investment December 31, 1939:
Poles, Fixtures and Overhead Conductors
$140,943.94
Consumers' Meters
20,214.39
Line Transformers
10,785.07
Street Lighting Equipment
3,921.58
Substation Equipment
2,910.98
$178,775.96
Total Investment-Outside Towns
$361,309.76
Total Revenue-Outside Towns
$132,894.83
MATERIALS AND SUPPLIES
Line Materials
$ 27,560.55
Electric Appliances-In stock
18,522.30
Electric Appliances-In Consumers' Premises
651.94
Tools and Supplies
8,540.83
Coal
393.06
Total Materials and Supplies
$ 55,668.68
197
CASH BALANCES AT CLOSE OF YEAR 1939 PETTY CASH FUND
Petty Cash Fund-Due Town Treasurer $ 250.00
OPERATION FUND
DEBITS
Balance at Beginning of Year $ None
Received from Sale of Elec., Mdse. & Jobbing 329,236.64
Received from Appro. for Street Lighting 14,000.00
Received from Operation Funds for Mdse. 28,758.61
Received from Miscellaneous Items
24,383.88
Total Debits
$396,379.13
CREDITS
Expenditures for Operation, Mdse. and Jobbing $300,313.86
Mdse. and Jobbing Service Expense 16,152.09
Amount transferred to Depreciation Fund 33,318.50
Bonds and Notes Paid
15,500.00
Interest Paid on Bonds and Notes
2,852.50
Total Credits
$368,136.95
Balance December 31, 1939
$ 28,242.18
Amount Transferred to Town Treasurer .. $ 24,000.00
Amount Transferred to Construction Fund 4,242.18
Balance December 31, 1939 (After Closing) .. None
DEPRECIATION FUND
DEBITS
Balance January 1, 1939
$
None
Amount Transferred from Income 33,318.50
Total Debits $ 33,318.50
CREDITS
Amount Expended for Construction $ 27,181.13
Transferred to Special Construction Fund 1,919.35
Total Credits $ 29,100.48 Balance December 31, 1939 $ 4,218.02
198
CONSTRUCTION FUND
DEBITS
Balance January 1, 1939
Amount Transferred from Operation
Total Debits
$
9,261.16
CREDITS
Amount Transferred to New Building Fund $ 5,000.00
Balance, December 31, 1939
Total Credits
$
5,000.00
$
4,261.16
NEW BUILDING FUND
DEBITS
Balance January 1, 1939
$
None
Received from Notes Payable
36,000.00
Transferred from Construction Fund 5,000.00
Total Debits
$ 41,000.00
CREDITS
Amount Expended for New Building $ 40,945.91
Total Credits $ 40,945.91 $ 54.09
Balance December 31, 1939
SPECIAL CONSTRUCTION FUND-W. P. A. PROJECT
DEBITS
Balance, January 1, 1939 $ None
Amount Received from Note
15,000.00
Transferred from Depreciation Fund
1,919.35
Total Debits $ 16,919.35
Amount Expended for Construction $ 2.077.28
Amount Expended for Unfinished Construction
Materials and Tools 14,812.07
Total Credits
$ 16,919.35
199
$ 5,018.28 4,242.88
TABLE A
Year
Income from
Sale of
Electricity
Income from other Sources
Appropriations
from Tax Levy
Street Lights for
Appropriations
from Tax Levy
Construction
Production
Distribution
and Utilization
Miscellaneous
Expense
Interest
Depreciation-
Bond and
Note Payments
Total Cost
of Plant
December 31
1910
$ 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
for
Expense
Expense
1922
155,505.14
675.94 15,300.00
none
55,137.36
22,473.04 21,749.07
6,807.64 17,959.59
16,800.00
477,852.76
1923
165,971.81
464.31
14,800.00
none
62,732.83
20,247.54 27,138.65
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
32,451.22
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
34,767.23
5,482.46
21,102.86
13,800.00
568,524.09
1926
201,956.03
3,421.99
12,000.00
none
88,478.94
29,349.46 34,513.46
5,100.14 22,637.93
12,800.00 ยท 615,915.35
1927
221,343.72
625.30
13,500.00
none
67,661.31
50,863.76 37,505.89
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
1931
276,759.47
4,855.99
13,500.00
none
80,091.66
84,502,49
49,164.87
3,764.01 30,609.33 13,000.00
844,355.52
1932
286,622.54
6,334.73
15,960.00
none
83,281.13
71,776.97
53,993.36
3,772.50 33,671.19 15,000.00
875,155.91
1933
274,696.67
3,129.93
15,200.00
none
80,244.08
56,319.49
48,573.69
3,031.04 34,892.99
12,000.00
908,052.06
1934
264,735.32
3,553.44
13,800.00
none
86,120.77
70,772.83
48,265.75
2,906.05 36,219.05 10,000.00
935,464.20
1935
279,201.27
5,246.90 17,300.00
none
93,856.11
72,417.54
47,693.23
2,858.13
27,986.65
12,000.00
981,877.46
1936
300,754.20
5,372.95 17,500.00
none
97,784.90
72,712.50
52,864.70
2,560.41
29,379.00
11,000.00
994,911.34
1937
317,416.64
6,111.61
14,500.00
none 105,865.41
71,185.85
55,620.82
3,206.67
29,770.06
9,500.00 1,080,555.37
1938
315,225.72
2,682.03 15,000.00
none 110,687.83
66,921.12
58,553.53
3,117.90
32,339.39
15,500.00 1,113,193.12
1939
333,234.86
6,297.18 14,000.00
none 121,665.67
73,572.22
48,598.29
3,121.21 33,318.50 15,500.00 1,174,388.17
TABLE B
Year
K. W. H. Generated
K. W. H.
Purchased
K. W. H. Sold
K. W. H.
Read'g. St. Lights Delivered to
K. W. H. Used at
Stat'n. Stock R'm
& Appliance Rm.
K. W. H.
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
116.5
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
242.25
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
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
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
1934
none
7,516,389
6,522,197
407,660
69,229
924,963
91.5
5.75
5,626
1,864
1,907
1935
none
7,973,642
6,856,394
496,218
70,351 1,046,896
127.
6.34
5,741
1,912
1,900 Est.
1936
none
8,518,418
7,456,400
439,503
105,251
955,722
119.5
5.80
5,915
1,929
2,107 Est.
1937
none
9,227,569
8,248,096
427,614
93,252
886,221
77.0
6.38
6,099
1,988
2,100 Est.
1938
none
9,453,053
8,400,252
430,877
86,960
965,841
76.1
6.56
6,141
2,004
2,100 Est.
1939
none
10,525,000
9,409,182
458,354
88,087 1,016,940
99.4
7.05
6,311
1,754
2,100 Est.
VOUCHER REGISTER BALANCE DECEMBER 31, 1939
October
Totals December November & Previous
Addressograph Div.
$ 7.78
$
.78
$ 7.00
Anchor Mfg. Co. . .
24.75
24.75
Wendell Bancroft Co.
26.23
26.23
Blackstone Mfg. Co. ..
1.30
.23
1.07
Henry S. Blethen
37.36
57.36
Bonded Vacuum
Cleaner Co.
4.33
4.33
Boston & Maine R.R.
.55
.55
Boston Chamber
of Commerce
35.00
35.00
Boston Edison Co.
.
23,396.93
12,144.69
11,252.24
Boston Janitors
Supply Co.
15.90
15.90
. ..
Brooks' Express
17.50
17.50
Geo. H. Buckminster
Co.
195.08
102.12
92.96
Burroughs Adding
Mach. Co.
3.15
3.15
Chapin Oil Co.
76.16
76.16
M. F. Charles
8,20
8.20
Christian Science Pub. Society
74.58
56.10
18.48
Clapp & Leach, Inc. ..
45.33
45.33
Cooper Elec. Sup. Co.
35.60
7.20
28.40
E. B. Currell & Son ..
5.00
5.00
Davis Transformer Co.
8.40*
$ 8.40*
Deluxe Filter
and Piston Co.
12.60
12.60
Dyer-Clark Co.
148.62
86.96
61.66
Eastern Co.
284.22
44.20
240.02
Eastern Chemical Co.
2.00
2.00
Elec. Time Co., Inc. ..
8.61
4.02
4.59
Electromaster Inc. . .
4.20
28.35
24.15*
Eureka Vacuum Clean- er Co.
395.18
129.30
265.88
S. W. Farber, Inc.
35.05
1.55*
36.60
Fay & Scott
5.34
5.34
T. C. Fife
4.03
4.03
Raymond H. Fogg
7.50
7.50
Francis Bros., Inc. . .
44.63
44.63
....
Frigidaire Division
.14
.14
1
204
October
Totals
December November & Previous
General Electric Co. .
1,248.57
82.92
1,165.65
G. E. Supply Corp. ..
712.42
11.96
700.46
Gen. Shaver Division .
1.33
1.33
Gilman Fanfold Corp.
103.64
103.64
Good Housekeeping
Shop
7.21
3.41
3.80
Goodco Sani. Products
7.00
7.00
Granite City Elec. Sup. Co.
35.88
35.88
Graybar Elec. Co., Inc.
94.50
39.37*
133.87
Habirshaw Cable and Wire Div.
994.00
994.00
C. E. Hall & Sons
8.65
.....
8.65
C. L. Hauthaway & Sons, Inc.
27.00
....
27.00
Hazard Insulated Wire Works
18.00*
....
.....
18.00*
Hewitt Elec. &
Mfg. Co.
1.00
1.00
Hobard Mfg. Co. . .
17.97
17.97
Hookie's Auto. Service
1.40
1.40
Hygrade Sylvania Corp
250.53
30.72
219.81
Joslyn Co.
15.47*
15.47*
Wm. Kelch & Son ..
3.00
3.00
Kelvinator Division . .
15.99
15.99
Kellogg Division
1.67
1.67
D. M. Laffin
1.50
1.50
....
Landers and Frary and Clark
29.53
29.53
....
Edward Lappin
10.73
10.73
Liberty Mutual Ins. Co.
672.96
672.96
.....
Lincoln Oil Co.
234.74
129.49
105.25
A. J. Lindemann & Hoverson Co.
10.62
....
10.62
Malden Grinding & Welding Co.
3.00
......
3.00
Malden Motor Parts
Co
12.04
12.04
.....
....
..
205
October
Totals December November & Previous
A. E. Martell Co., Inc.
29.87
27.75
2.12
Comm. of Mass., State Prison
128.25
128.25
Mass. Reformatory ..
14.25
14.25
Mathias-Hart Co.
11.82
11.82
H. B. McArdle
11.90
11.90
. ..
McGunigle & Tounge, Inc.
9.67
7.02
2.65
Melchior, Armstrong,
Dessau Co.
4.93
1.48
3.45
Milhender-Afes Elec. Co., Inc.
237.70
202.93
34.77
L. E. Muran Co.
102.90
16.45
86.45
N. E. Tel. & Tel. Co. (Service)
104.15
104.15
. ...
N. E. Tel. & Tel. Co.
(Const.)
297.98
297.98
......
Northeastern Radio Inc.
5.80
4.69
1.11
Office Furniture Inc. .
6.00
6.00
Palmen Mfg. Co. . .
27.31
25.15
2.16
Palmer Elec. & Mfg. Co.
186.22
186.22
L. B. Philbrick Co. .
10.24
1.95
8.29
1
Premier Division
2.08
2.08
Reading Chronicle . ..
84.78
84.78
John A. Roebling's Sons Co.
67.06*
35.10
102.16*
Sager Elec. Sup. Co.
47.23
47.23
Simplex Wire & Cable Co.
812.96
903.85
60.90
151.79*
Fred F. Smith, Inc. ..
37.59
37.59
Spaulding-Moss Co. ..
5.67
2.17
3.50
Wm. J. Sullivan, Town Clerk
1.40
1.40
Textile Products Corp.
14.64
14.64
United Motors Service
6.98
6.98
Virginia Smelting Co.
18.00
18.00
..
206
October
Totals December November & Previous
Geo. H. Wahn Co. ..
312.51
211.76
100.75
B. F. Waldron Co., Inc
Wetmore-Savage Div.
397.81
146.54
251.27
Edwin L. Wiegand Co.
61.57
61.57
..
Domenick Zanni ....
260.00
260.00
Decatur, Hopkins Co.
1,447.14
1,226.25
220.89
Mass. Gas & Elec. Sup- ply Corp.
39.62
21.32
18.30
Crown Stove Works
17.00
17.00
Yankee Maid Products
312.88
312.88
A. E. Borden Co.
.56
.56
Carleton-Walsh Motors
.65
.65
Detroit Vapor Div. ..
1.51
1.51
George W. Marshall ..
.70
.70
Merchants Tire Co. ..
85.56
85.56
No. Wilm. Nurseries ..
10.00
10.00
..
Reading Greenhouses
7.00
7.00
Hodson Bros.
2.35
2.35
Town of Reading
55.57
55.57
E. E. Randall
27.74
27.74
Harry E. Smith
27.95
27.95
Frank E. Gallagher
25.36
25.36
Russell Coal Co.
386.48
386.48
W. B. Flaherty
26.40
26.40
Gallant's Elec. Motor Service
5.00
5.00
Lander Welding Co. ..
2.50
2.50
Ranco
3.12
3.12
Recording and Statis-
tical Corp.
18.75
18.75
J. F. Sanborn
11.50
11.50
Siph-O Products Corp.
4.74
4.74
Winifred W. Rice ....
10.75
10.75
Palmer Severini & Co.
28:50
28.50
...
. .
$ 35,192.34 $ 18,666.72 $ 16,792.94 $ 267.32*
207
TOWN OF READING-MUNICIPAL LIGHT DEPARTMENT REPORT OF EXAMINATION For the Year Ended December 31, 1939
January 31, 1940.
To the Municipal Light Board, Town of Reading,
Massachusetts.
Gentlemen :
We have examined the books of account and financial records of the Municipal Light Department of the Town of Reading for the year ended December 31, 1939, and submit herein our report consisting of the following exhibits, schedules, comments and explanations.
Exhibits:
"A"-Comparative Balance Sheet as at December 31, 1939 and 1938.
"B"-Comparative Statement of Operations for the years ended December 31, 1939 and 1938.
"C"-Comparative Statement of Profit and Loss for the years end- ed December 31, 1939 and 1938.
Schedules:
"1"-Comparative classified statement of Income for the years ended December 31, 1939 and 1938.
"2"-Comparative classified statement of Operating Expenses for the years ended December 31, 1939 and 1938.
"3"-Detail of bonds and notes authorized, issued and outstand- ing as at December 31, 1939.
"4"-Comparative statement of kilowatt hours purchased, sold, used and unaccounted for, for the years ended December 31, 1939 and 1938.
208
COMMENTS AND EXPLANATIONS OF ASSETS AND LIABILITIES
PLANT INVESTMENT-$682,102.67.
Changes in plant investment accounts during the year are sum- marized below.
Account
Balance January 1 1939
Net
De-
Balance Dec. 31, 1939
Land
$ 2,575.80
$
$
preciation .00
$ 2,575.80
Land-25 Haven St.
.00
7,459.46
.00
7,459.46
Land-High St.
.00
1,601.10
.00
1,601.10
Structures
16,660.61
.00
554.04
16,106.57
Structures-Garage and
Storeroom
12,844.90
.00
342.30
12,502.60
Structures-
25 Haven Street . .
.00
25,489.10
.00
25,489.10
Structures-High Street
.00
6,398.90
.00
6,398.90
Boiler Plant Equip. ..
250.00
.00
.00
250.00
Prime Movers and
Auxiliaries
250.00
.00
.00
250.00
Turbo-Generator Units
500.00
.00
.00
500.00
Transformer Station and Substation Equip. .
40,617.45
1,836.68
2,579.19
36,201.58
Poles, Fixtures and
Overhead Conductors
269,866.84
11,204.07
14,823.54
266,247.37
Underground Conduits .
74,441.31
1,052.17
1,643.76
73,849.72
Undergr'nd Conductors
67,046.86
6,835.70
2,284.49
71,598.07
Consumers' Meters
35,472.68
2,069.28
2,083.41
35,458.55
Consumers' Meters In- stallations
11,269.89
1,801.39
534.38
12,536.90
Line Transformers
32,631.20
60.31
1,554.93
31,136.58
Transformer Install'ns
3,976.94
55.00
223.77
3,808.17
Street Lighting Equip
19,884.37
2,218.44
1,853.07
20,249.74
Underground Conduits-
Lowell & High Sts.
.00
2,077.28
.00
2,077.28
TOTALS
$647,322.06
$ 68,099.11 $ 33,318.50
$682,102.67
In our opinion, the additions to these accounts represent proper charges to plant investment.
Purchase of the property known as the "Black's Block Property", demolition of this property to the extent necessary, and the erection of a new building to provide suitable quarters for the offices and show-
209
Elec. Plant-Steam
59,033.21
1,613.59
4,841.62
55,805.18
Additions .00
rooms of the Municipal Light Plant were authorized at a special town meeting held on June 20, 1939.
The sum of $36,000.00 was appropriated at the meeting for this pur- pose. At a special town meeting held on October 17, a further sum of $5,000.00 was appropriated, said appropriation being met by transferring $5,000.00 from the unexpended balance of the construction fund.
Expenditure of the above appropriations was allocated on the books as follows :
Land-25 Haven Street
$ 7,459.46 25,489.10
$ 32,948.56.
Building-25 Haven Street
Land-High Street
$ 1,601.10
Building-High Street
6,398.90
8,000.00
$ 40,948.56
Unexpended Balance
51.44
TOTAL APPROPRIATION
$ 41,000.00
Included in the net reduction in "Transformer Station and Sub- station Equipment" is a credit of $2,100.00 representing a book adjust- ment of the December 31, 1938 balance, a corresponding charge having been made to "Other Deductions from Surplus".
Depreciation on plant investment accounts, based on 3 per cent of the cost at the beginning of the year, exclusive of land, was charged to operations for the year. Depreciation is applied directly against the asset accounts, and accordingly the balances shown in Exhibit "A" of this report represent depreciated values.
Unfinished Construction-$15,144.97
Extension and enlargement of the underground system in the vicinity of Lowell and High Streets, Reading, was authorized at the annual town meeting held on March 15, 1939, and the sum of $15,000.00 was appropriated for the purchase of materials and equipment neces- sary for this purpose, such appropriation to be used in co-operation with the Federal Government for a W. P. A. project. The expenditure of $15,144.97 does not include the value of the Federal W. P. A. contri- bution to this project.
General Equipment-$14,038.57
This item represents the book values of Office, Stores, Transporta- tion, Laboratory and Miscellaneous equipment, which values, in our opinion, are conservatively stated.
Construction Fund-$4,261.16
In accordance with Article 4 acted on at the town meeting held in March, 1939, the balance of the operating fund at December 31. 1939 amounting to $4,242.88, was transferred to the Construction Fund.
210
Construction Fund (New Building)-$54.09
The unexpended balance of the appropriation for the new building is held in this account pending authorization for transfer to the general construction fund.
Depreciation Fund-$4,218.02
The unexpended balance of the depreciation fund, available for fu- ture construction, is represented by the above balance.
The total balance of the foregoing funds at December 31, 1939, was confirmed by the Town Accountant.
Petty Cash Fund-$250.00
Funds held in the office for the purpose of petty expenditures and making change were counted on January 26, 1940 and were in agreement with the above amount.
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