USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1942 > Part 27
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$225,000.00 2,000.00
Guarantee Deposits :
Municipal Light Department
$ 11.439.54
Taxes : Levy of 1941 Personal $ 1,229.97
Real Estate
31,114.83
Levy of 1942
Poll
222.00
Personal
1,814.59
Real Estate . 99,707.92
134,089.31
Taxes Special Chap. 227 Acts 1941
$ 908.16
Motor Vehicle Excise :
Levy of 1942
462.64
Special Assessments :
Morrison Fund 31.23
Baseball Fund 72.00
Dog License Fees due County
14.40
Fishing and Hunting License Fees
due State 12.75
Special Welfare Account 15.00
162.16
Added to Taxes 1941
$ 5.54
Added to Taxes 1942
60.83
Tailings Account 464.91
Reserve Fund Overlay Surplus
465.35
Sewer Interest :
Added to Taxes 1941
$ 8.98
Added to Taxes 1942
17.18
92.53
Special Account 8,000.00
40,984.73
Overlay 1942
9,931.90
Premium and Interest
820.08
Hospital Fund Transfer Account
2,091.16
Cemetery Bequest Fund Transfer Acct ...
922.50
Unexpended Appropriation Balances ...
9,300.57
Cemetery Reserve Fund
5,274.91
Special Funds :
Edw. W. & Philips H. Raymond Fund $ 16.78
Moth and Tree Work 1941
$ 28.50
Moth and Tree Work 1942
105.00
133.50
Sewer Assessments :
Municipal Light Dept. Maint. Account $ 31,553.14
Underground Extension 1,431.59
Accounts Receivable :
Taxes Special Chap. 227 Acts 1941
908.16
Sewer House Connections :
Unapportioned $ 291.88
Added to Taxes 1941 9.56
Added to Taxes 1942
30.58
Sewer Assessments and Interest . . . 92.53 Sewer H. C. Assessments and Interest 336.33
Sewer Rentals
1,700.02
Sidewalk Assessments and Interest ..
2,551.82
Added to Taxes 1942
3.88
336.33
Highway Assessments and Interest .. 2,886.09
Tax Titles
7,906.16
Tax Possessions
6,047.31
Departmental Accounts
25,828.87
Sidewalk Assessments Un-
apportioned
$ 2,174.00
Added to Taxes 1941
88.22
Added to Taxes 1942
230.61
Cemetery Sales and Bequests
$ 60.00
Water Department Available Surplus . .
16,887.66
Real Estate Account
781.00
Added to Taxes 1942
41.03
2,551.82
Fire Loss Special Account
125.50
Road Machinery Account
10,378.51
Road Machinery Fund
216.73
Highway Assts. Unapportioned $ 2,095.18
Added to Taxes 1941
159.05
Added to Taxes 1942
478.94
Highway Interest :
Added to Taxes 1941
$ 48.46
Added to Taxes 1942
104.46
2,886.09
Loans Authorized
$ 7,000.00
Tax Titles
7,906.16
Tax Possessions
6,047.31
Sewer Rentals
$ 1,700.02
Water Rates & Liens 4,414.31
Municipal Light Dept. Accts. Rec. .. 36,531.55
88,891.13
Sidewalk Interest :
Added to Taxes 1941
$ 17.95
Loans Authorized Unissued 7,000.00
Surplus Revenue (Excess and Deficiency )
102,771.58
Revenue Reserved until collected :
Motor Vehicle Excise $ 462.64
Moth and Tree Assessments 133.50
Sewer House Connections Interest :
Added to Taxes 1941 $ 43
BALANCE SHEET (Continued)
ASSETS
State Aid to Highways
463.38
County Aid to Highways
517.01
Departmental Accounts
25,828.87
Water Rates
$ 4,363.71
Water Liens Added to Taxes 1941.
9.49
1942. .
41.11
4,414.31
Municipal Light Dept. Accts. Rec .. .
36,531.55
Cemetery Sales and Bequests Deferred Payments
60.00
Overlay Deficit 1941
306.20
$536,878.08
$536,878.08
DEFERRED ACCOUNTS
Apportioned Assessments not due
Sewer
$ 2,049.75
Apportioned Assessments Revenue Sewer 1943-1951
$ 2,049.75
Sewer House Connections
409.26
Sewer House Connections 1943-1951 ..
409.26
Sidewalk
5,003.87
Sidewalk 1943-1951 5,003.87
Highway
10,842.07
Highway 1943-1951
10,842.07
$ 18,304.95
LIABILITIES
$ 18,304.95
DEBT ACCOUNT
Loans Outstanding
$409,500.00
General Debt:
Municipal Relief Loan of 1935
"
"
"
" 1938
$ 9,000.00 7,000.00
Elementary School Loan
86,000.00
Municipal Garage Loan
10,000.00
County Hospital Loan
2,000.00
Drainage System Loan of 1939 " "
"
1941
40,000.00
Sewer Department Loan
36,000.00
Storm Emergency Loan
20,000.00
Fire Equipment Loan
7,500.00
Public Service Enterprise Debt :
Municipal Light Loans
123,000.00
Water Department Loans
22,000.00
Water Filtration Plant Loan
9,000.00
$409,500.00
$409,500.00
TRUST ACCOUNTS
$269,388.42
Hospital Fund
$172.051.49
Cemetery Bequest Fund
89,418.26
Reading High School Scholarship Fund
5,053.28
1,050.92
"
1,814.47
$269,388.42
$269,388.42
.
"
"
1939
17,000.00
"
1940
18,000.00
3,000.00
Trust Funds, Cash and Securities . ..
Library Fund " (Horace G. Wadlin) . ..
CONTRIBUTORY RETIREMENT FUND
ASSETS
LIABILITIES
Contributory Retirement Fund Cash
$ 3,507.09
Annuity Savings Group I
$ 21,085.35
Contributory Retirement Fund :
Annuity Savings Group II
2,231.60
Savings Bank Deposits
6,045.00
Annuity Reserve Group I
998.57
Co-operative Bank Shares
5,332.40
Pension Accumulation Fund Group I
23,065.74
Other Securities
35,269.41
Pension Accumulation Fund Group II
3,273.10
Interest Deficiency
690.90
Expense Account
190.44
$ 50,844.80
$ 50,844.80
$ 1,284,916.25
$ 1,284,916.25
REPORT OF THE CONTRIBUTORY RETIREMENT BOARD
To the Honorable Board of Selectmen:
The total membership of the Contributory Retirement System De- cember 31, 1941 was 166. During the year 1942 eight members were ad- mitted to the system, seventeen withdrew, ten were retired, and two members deceased, making a total membership of 145 active members.
The following is the financial statement for the year ended Decem- ber 31, 1942:
CONTRIBUTORY RETIREMENT FUND 1942
Receipts
Balance January 1, 1942
$ 1,290.16
Receipts 1942 :
Withdrawn from Savings
Deposits
$ 11,000.00
Sale of Securities
10,876.00
Accrued Interest
366.90
Income on Investments
1,325.89
Contributions by Members
10,649.55
Appropriations by Town :
Pension Accumulation Fund
17,355.00
Expense Fund
300.00
$ 51,873.34
$ 53,163.50
Expenditures
Payments 1942:
Purchase of Securities
$ 37,426.25
Accrued Interest
492.18
Pensions
9,850.27
Annuities
109.58
Refunds to Members
1,405.69
Administration Expense
372.44
$ 49,656.41
Balance December 31, 1942
3,507.09
$ 53,163.50
387
Assets
Cash First Nat'l. Bank
$
3,507.09
Deposits on Interest :
Mechanics Savings Bank Bk. 19442 $ 3,045.00
Melrose Savings Bank Bk. 57239 1,000.00
Natick 5c Savings Bank Bk. 60456 1,000.00
Pilgrim Trust Co. Boston Bk. 6254 1,000.00
$ 6,045.00
Co-operative Bank Shares :
Reading Co-operative Bank Bk. 9407 $ 824.00
Lexington Co-operative Bank Bk. 5446 735.20
Wakefield Co-operative Bank Bk. 8158. 820.40
Malden Co-operative Bank Bk. 21870 692.80
Concord Co-operative Bank Bk. 5491
695.20
Citizen's Co-operative Bank Haverhill
Bk. 10941 867.20
Roger Conant Co-operative Bank, Salem
Bk. 12851
697.60
$ 5,332.40
Investments :
$3,000 Chicago B. & Q. Il1. Div. 4's 1949. . .. $ 2,976.28 3,000 Pacific Gas & Electric Co. 334's 1961 3,313.80
5,000 Northern Pacific Ry. 4's 1997 3,867.76 1,000 Oregon-Washington R. R. & Naviga- tion Co. 4's 1961 1,045.89
4,000 Texas & Pacific Ry. 5's 2000
4,040.00
3,000 Louisville & Nashville R. R. Co. 3's 1980 2,477.49
5,000.00
2,061.94
5,000 Schuylkill & Lehigh R. R. 4's 1948 . . 2,000 Cambria & Clearfield Ry. Co. 4's 1955 5,000 Great Northern Ry. Co. 51/2's 1952 .. 5,175.00 3,000 Bangor & Aroostook R. R. Co. 5's 1943 1,000 Reading Co. 41/2's 1997 811.25
3,000.00
20 Shares National Shawmut Bank, Boston Cert. No. 34674 360.00
388
30 Shares First National Bank, Boston Cert. No. 183404-184626 1,140.00
Interest Deficiency
$ 35,269.41 690.90
$ 50,844.80
Liabilities
Annuity Savings Fund :
Group 1
Group 2
$ 21,085:35 2,231.60
Annuity Reserve Fund :
Group 1
$ 23,316.95 $ 998.57
Pension Accumulation Fund :
Group 1
$ 23,065.74
Group 2
3,273.10
$ 26,338.84
Expense Fund
190.44
$ 50,844.80 J. WARREN KILLAM, Jr., Chairman LEON G. BENT, Secretary JOHN J. O'BRIEN Contributory Retirement Board
389
INDEX
Page
Accountant's Report
315
Appropriations and Expenditures
324
Balance Sheet
382
Betterment Assessments Not Due
342
Classification of Payments
349
Departmental Accounts
347
Receipts
316
Taxes and Assessments Receivable
331
Town Debt
377
Treasurer's Cash
331
Trust Funds, Cash and Securities
378
Invested Funds
379
Animal Inspector's Report
170
Births Registered
129
Births Registered for Previous Years
135
Board of Appeal
219
Board of Assessors
306
Board of Health
172
Board of Public Welfare
162
Welfare Superintendent's Report
162
Board of Public Works
239
Executive Office
302
Highway Department
263
Park Department
288
Report of Board
241
Rolling Equipment
287
Sewer Department
294
Superintendent's Report
242
Water Department
243
Building Inspector's Report
173
Cemetery Trustees
176
Superintendent's Report
176
Collector of Taxes Report
308
Contributory Retirement Board Report
388
Custodian of Soldiers' and Sailors' Graves
178
Deaths Registered
146
Development Committee's Report
81
Dogs Licensed
150
Dog Officer's Report
173
Drainage Committee's Report
303
Fire Alarm Superintendent's Report
181
Fire Chief's Report
182
Forest Warden's Report
186
Library Trustees Report 157
Librarian's Report 158
List of Jurors 11
Marriages Registered 137
Milk and Food Inspector's Report 174
Moth Superintendent's Report
170
INDEX
Page
Municipal Light Board Report
221
Auditor's Report
229
Employees in Armed Forces
227
Financial Statements
230
Manager's Report
222
Notice to Parents, Housewives, Physicians and Midwives
128
Past and Present, Town of Reading
10
Planning Board
156
Plumbing Inspector's Report
169
Police Chief's Report
179
School Committee
187
Administrative Officers
189
Age-Grade Table
215
Budget
194
Change in Personnel
197
Commencement Exercises
216
High School Graduates
217
No School Signals
190
Receipts Not From Tax Levy
193
School Committee's Report
192
School Schedule
191
Superintendent's Report
201
Teachers in Service, Dec. 31, 1942
198
Teachers Who Joined Armed Forces in 1942
188
Vocational Preference Profiles 209
Sealer of Weights and Measures
174
Selectmen's Report
152
Soldiers' Relief Agent Report
168
Sporting Licenses
150
State Primary
108
State Election
119
Statistics
9
Town Clerk Fees Received
151
Town Clerk's Report
15
Town Counsel's Report
155
Town Election
20
Town Meetings
15
Annual
Election
Special: March 9
80
Special: September 28
114
Special: December 30
127
Town Officers
3
Town Warrant
15
Treasurer's Report
311
Tree Warden's Report 171
106
Warrant for State Election
116
Wire Inspector's Report 171
Zoning By-laws, Town of Reading
24
Warrant for State Primary
80 20
The Reading Chronicle Press, Inc. Reading, Massachusetts
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