USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1946 > Part 21
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Franklin Savings Bank, Boston, No. 187890
2,434.17
Lynn Five Cents Savings Bank, No. 244496
2,406.04
Malden Savings Bank, No. 141347
6,791.71
Melrose Savings Bank, No. 52937
2,458.17
Providence Institute for Savings, Boston, No. 615034 3,577.01
Wakefield Savings Bank, No. 45111
4,856.01
Warren Institute for Savings, Boston, No. 135648
1,966.25
Woburn Five Cents Savings Bank, No. 63401
5,572.78
Cash in General Fund
2,279.33
$184,861.29
Anne S. Grouard Hospital Fund
33,000 U. S. Treas. Bonds 3's, 1955
$ 36,650.00
38,000 U. S. Treas. Bonds, Series G. 21/2's
38,000.00
Mechanics Savings Bank, Reading, No. 26361 2,935.23
$ 77,585.23
Cemetery Bequest Fund
17,000 U. S. Treas. Bonds Series G 21/2's 1954
$ 17,000.00
10,000 U. S. Treas. Bonds Series G 212's 1955 10,000.00
13,000 U. S. Treas. Bonds Series G 21/2's 1956 13,000.00
9,000 U. S. Treas. Bonds Series G 21/2's 1957
9,000.00
5,000 N. E. Tel. & Tel. 1st Mort. 5's Series A 1952
5,000.00
Blackstone Savings Bank, Boston, No. 10672
1,052.94
Home Savings Banks, Boston, No. 368204
2,578.78
Boston Five Cents Savings Bank, No. 948228
6,190.76
Andover Savings Bank, No. 40177 5,388.73
Cambridge Savings Bank, No. 89112
5,600.98
Essex Savings Bank, Lawrence, No. 230779 5,491.12
Mechanics Savings Bank, Reading, No. 5103
7,313.91
307
Malden Savings Bank, No. 137262
6,970.65
Woburn Five Cents Savings Bank, No. 61052 6,659.33 Mechanics Savings Bank, No. 10714 9,788.37 Cash in General Fund 125.00
$111,160.57
Library Fund
Investment :
Boston Five Cents Savings Bank, No. 987334 $ 1,065.78
Library Fund (Horace G. Wadlin)
Investment :
Boston Five Cents Saving Bank, No. 1079095 $ 1,905.85
Library Fund (Donald L. Tuttle, Jr.)
Investment :
Mechanics Savings Bank, Reading, No. 26483 $ 502.50
Reading High School Scholarship Fund
Investments :
Andover Savings Bank, No. 39861 $ 1,000.00
Charlestown Five Cent Savings Bank, No. 161863 3,000.00
Essex Savings Bank, Lawrence, No. 230306 1,000.00
Middlesex County National Bank, Reading, Savings
Dept., No. 5624 159.69
$ 5,159.69
Post War Rehabilitation Fund
125,000 U. S. Treas. Certificates of Ind. 7/8's $125,000.00
Cash in General Fund 1,042.75
$126,042.75
I, hereby certify that, in accordance with the provisions of Section 55, Chapter 41 of the General Laws, I have audited the accounts of the Commissioners of Trust Funds, have examined the securities and veri- fied bank balances and report the foregoing to be true and accurate statement, December 31, 1946.
BOYD H. STEWART,
Town Accountant
308
TOWN OF READING BALANCE SHEET DECEMBER 31, 1946
ASSETS
LIABILITIES
Cash in Banks
$494,384.58
Municipal Light Dept. Consumers Deposit Fund
$ 19,573.00
Accounts Receivable :
Taxes, Special
621.86
Taxes 1945, Poll
$
4.00
Overlay 1945
7,395.89
Personal
197.46
Overlay 1946
11,878.62
Real Estate
7,194.43
7,395.89
Overlay Reserve
17,959.61
Hospital Fund Transfer Account
2,279.33
1946, Poll
36.00
Cemetery Bequest Fund Transfer Account
125.00
Personal
1,284.39
Cemetery Reserve Fund
9,919.02
Real Estate
39,521.43
40,841.82
Unexpended Appropriation Balances
98,989.74
Motor Vehicle Excise 1945
2.85
Baseball Fund
$ 72.00
1946
1,083.54
1,086.39
Morrison Fund
9.23
Tailings Account
547.33
Moth. Assessments 1945
17.50
Dog License Fees due County
43.40
1946
69.97
87.47
Salvage Fund
6,455.62
Post War Rehabilitation Fund
1,042.75
Sewer Rentals
1,304.01
Recording Fee Deposits
2.00
Sewer Assts. Unapportioned
1,757.53
Raymond Fund
16.78
Sewer Assts. 1946
52.82
Fishing and Hunting Fees due State
12.25
1946 Int.
11.10
1,821.45
Withholding Tax
4,787.82
Blue Cross
1,263.15
Sewer H.C. Unapportioned
1,392.36
Sewer H.C. Assts. 1945
5.00
Municipal Light Dept. Maint. Acct. 144,897.04
14,252.33
Cash in Offices
540.00
. Special Funds :
BALANCE SHEET-(Continued)
LIABILITIES
ASSETS
Sewer H.C. Assts. 1946
27.17
Municipal Light Dept. Underground 1,431.59
146,328.63
Sewer H.C. Assts. 1945 Int.
.
.40
Sewer H.C. Assts. 1946 Int.
3.55
1,428.48
Revenue Reserved until collected :
Motor Vehicle Excise
1,086.39
Sidewalk Asst. Unapportioned
2,572.89
Moth and Tree Assts.
87.47
Sidewalk Asst. 1945
5.63
Sewer Rentals
1,304.01
Sidewalk Asst. 1946
27.93
Sewer Assts. and Int.
1,821.45
Sidewalk Asst. 1945 Int.
.23
Sewer H.C. Assts. and Int.
1,428.48
Sidewalk Asst. 1946 Int.
5.38
2,612.06
Sidewalk Assts. and Int.
2,612.06
Highway Assts. and InIt.
2,108.18
Highway Assts. Unapportioned
1,756.1(
Tax Titles
1,074.57
Highway Assts. 1945
108.35
Tax Possessions
3,825.96
Highway Assts. 1946
184.52
State and County Aid to Highways
10,062.18
Highway Assts. 1945 Int.
27.45
Departmental Accounts Receivable ..
15,892.39
Highway Assts. 1946 Int.
31.70
2,108.18
Water Rates
7,099.71
Municipal Light Dept. Accts. Rec. ...
50,703.76
99,106.61
Taxes, Special, Chap. 227 Acts 1944
621.86
Water Dept. Available Surplus
$ 13,607.62
Tax Titles
1,074.57
Real Estate Account
4,360.25
Tax Possessions
3,825.96
Surplus Revenue E and D
218,928.32
State Aid to Highways
6,708.12
Loans Authorized Unissued
7,000.00
County Aid to Highways
3,354.06
Departmental Accts. Receivable
15,892.39
Water Rates Receivable
$ 6,951.68
Water Rates Added to Taxes
148.03
7,099.71
...
Municipal Light Dept. Accts. Rec. .. Overlay 1941 Overlay 1943
50,703.76
6.00
8.00
14.00
Loans Authorized
7,000.00
Deficits : County Tax
378.07
Metropolitan Sewer Asst. ..
2,132.03
State Parks and Reservations ..
337.97
2,848.07
$672,325.83
$672,325.83
DEFERRED ACCOUNTS
Apportioned Sewer Assts. not due . ... Apportioned Sewer H.C. Assts. not due ..
$ 1,443.82 Appor. Sewer Assts. Rev. 1946-1955
$ 1,443.82
910.34
Appor. Sewer H.C. Assts. Rev. 1946-1955
910.34
Apportioned Sidewalk Assts. not due .....
2,790.08
Appor. Sidewalk Assts. Rev. 1946-1955 .. . .
2,790.08
Apportioned Highway Assts. not due ....
4,367.09
Appor. Highway Assts. Rev. 1946-1955 . ..
4,367.09
$ 9,511.33
$ 9,511.33
DEBT ACCOUNT
$153,000.00
Elementary School Loan
$ 62,000.00
Storm Emergency
6,000.00
Drainage System
20,000.00
Municipal Relief 1939
6,000.00
Municipal Light
47,000.00
Sewer
10,000.00
Municipal Garage
2,000.00
$153,000.00
$153,000.00
Loans Outstanding
BALANCE SHEET-(Continued)
ASSETS
Trust Funds, Cash and Securities
LIABILITIES
$508,283.66 Hospital Fund-Parker
$184,861.29
Hospital Fund-Grouard
77,585.23
Cemetery Bequest Fund
111,160.57
R.H.S. Scholarship Fund
5,159.69
Public Library Fund
1,065.78
Public Library Fund-H. G. Wadlin .. .
1,905.85
Public Library Fund-D. N. Tuttle, Jr. ... 502.50
Post War Rehabilitation Fund
126,042.75
$508,283.66
$508,283.66
CONTRIBUTORY RETIREMENT FUND
$ 21,255.39
Annuity Savings Fund
$ 60,355.19
Contributory Retirement Fund Cash . . Savings Bank Deposits
5,500.00
Annuity Reserve Fund
6,687.84
Co-operative Bank Shares
17,832.40
Pension Fund
51,207.02
United States Bonds and Other Securities
63,185.35
Expense Fund
180.70
Bank Stock
12,108.00
Special Military Fund
1,839.76
Accrued Interest on Investments
389.37
$120,270.51
$120,270.51
.
TOWN OF READING
JANUARY 1, 1947
POPULATION 12,327
Valuation Abatements In
Years
Valuation
1944
1945
1946
Total Abatements
Net Valuation
1944 Property
$17,560,325
$ 228,470
$ 12,400
$ 1,967
$ 242,837
$17,317,488
Excise
369,826
7,764
570
595
8,929
360,897
1945 Property
17,679,334
237,041
2,240
239,281
17,440,053
Excise
283,629
4,192
1,803
5,995
277,634
1946 Property
$18,245,869
21,727
21,727
18,224,142
Excise
445,125
5,667
5,667
439,458
TOTALS
$54,584,108 $ 236,234
$ 254,203
$ 33,999
$ 524,436
$54,059,672
TOTAL VALUATION 1946
$18,690,994
AVERAGE VALUATION FOR 3 YEARS .. 5% OF AVERAGE VALUATION
$18,019,890
$ 900,994
PROPERTY VALUATION 1946
$18,245,869
Funded Debt Dec. 31, 1946
REQ. SEC. 7
$ 4,561.46
Inside Limit Outside Limit
Total
General
$2,000
$ 104,000
$ 106,000
TAX RATE 1946
$ 38.00 P. S. Enterprise L ..
47,000
47,000
$153,000
Available Borrowing Capacity Jan. 1, 1947 .. $
898,994
REPORT OF THE CONTRIBUTORY RETIREMENT BOARD
To the Honorable Board of Selectmen :
On June 1, 1946, Mr. Leon G. Bent, retired, as Secretary of the Board, and Mr. Boyd H. Stewart, who was appointed Town Accountant, became the Secretary of the Board.
In August 1946, Mr. Thomas J. Fitzpatrick was elected to fill the vacancy on the Board, caused by the death of John J. O'Brien.
The total membership of the Contributory Retirement System on December 31, 1945 was 152. During the year of 1946, 33 new members were admitted to the system, 17 withdrew, 4 members retired and 1 member deceased, making a total of 163 active members.
The following is the financial statement for the year ending Decem- ber 31, 1946.
CONTRIBUTORY RETIREMENT FUND 1946
Cash
Balance January 1, 1945
$ 3,214.29
Receipts
Receipts 1946 :
Securities Sold
$ 64,371.25
Income on Investments
2,643.86
Contributions by members
14,437.32
Accrued Interest
618.94
Appropriated by Town :
Pension Fund
22,340.00
Expense Fund
700.00
Military Fund Chap. 419,
Acts 1943
371.71
$105,483.08
$108,697.37
Expenditures
Payments 1946 :
Investments
$ 65,243.75
Accrued Interest
246.47
Pensions
17,823.46
Annuities
614.07
Refunds to members
2,843.10
Administration expenses
671.13
$ 87,441.98
314
Cash
Balance December 31, 1946 $ 21,255.39
$108,697.37
Assets
Cash, First National Bank
$ 21,255.39
Deposits on Interest :
Mechanics Sav. Bank, Bk. 19442 $ 2,500.00
Melrose Sav. Bank, Bk. 57239
1,000.00
Natick 5c Sav. Bank, Bk. 60456
1,000.00
Pilgrim Trust Co., Boston, Bk. 6254
1,000.00
$ 5,500.00
Cooperative Bank Shares :
Citizens Coop. Bank, Haverhill, Bk. 10941 $ 3,127.60
Concord Coop. Bank, Bk. 5491 2,887.20
Lexington Coop. Bank, Bk. 5446
2,878.80
Reading Coop. Bank, Bk. 9407
2,992.40
Roger Conant, Salem Coop. Bank, Bk. 12851 2,925.20
Wakefield Coop. Bank, Bk. 8158
3,021.20
Investments :
2,000 American Tobacco Co. 3's, 1969 $ 2,122.52
2,000 Chesapeake & Ohio Rwy. Co. 31/2's, 1996 2,130.00
2,000 Chicago & Northwestern Rwy. 3's, 1989 2,155.00
1,000 Gr. Northern Rwy. Co. 234's, 1982 .
1,015.00
2,000 Nashville, Chattanooga & St. Louis Rwy. 3's, 1986
2,013.83
2,000 Nat'l. Dairy Products Corp. 23/4's, 1970 2,000 Pacific Tel. & Tel. Co. 23/4's, 1985 ....
2,115.57
2,160.00
2,000 Schuylkill & Lehigh R. R. Co. 4's, 1948 2,000.00 2,000 So. Bell Tel. & Tel. Co. 234's, 1985 .... 2,164.95 2,000 Southwestern Bell Tel. Co. 23/4's, 1985 2,160.00 2,000 Terminal R. R. Assoc. of St. Louis, 27/8's, 1985 2,098.64
1,922.34
2,000 Union Pacific R. R. Co. 21/2's, 1991 . . U. S. Savings Bonds, Series G, 1958 21,000.00
5,000 U. S. Savings Bonds, Series G, 1957 .. 5,000.00
6,000 U. S. Savings Bonds, Series G, 1956 .. 6,000.00
5,000 U. S. Savings Bonds, Series G, 1955 . 5,000.00
2,000 Virginian Rwy. Co. 3's, 1995
2,127.50
$ 17,832.40
$ 63,185.35
315
77 Shares First Nat'l Bank, Boston, Cert. Nos. 214282, 184626, 183404, 207258 4,158.00
100 Shares Middlesex County Nat'l Bank, Everett, Cert. No. A59 3,800.00
50 Shares Newton-Waltham Bank and Trust, Cert. No. 605 2,650.00
50 Shares Shawmut Bank, Cert. No. 49693 1,500.00
Accrued Interest on Investments
$ 12,108.00
389.37
$120,270.51'
Liabilities
Annuity Savings Funds
$ 60,355.19
Annuity Reserve Fund
6,687.84
Pension Fund
51,207.02
Expense Fund
180.70
Special Military Fund
1,839.76
$120,270.51
PHILIP R. WHITE, Chairman BOYD H. STEWART, Secretary THOMAS J. FITZPATRICK Contributory Retirement Board
316
INDEX
Accountant's Report
253
Appropriations and Expenditures
262
Balance Sheet
309
Classification of Payments
273
Invested Funds
306
Receipts
254
Town Debt
304
Treasurer's Cash
270
Trust Funds, Cash and Securities
305
Animal Inspector's Report
190
Appeals, Board of
190
Assessors, Board of
190
Births Registered
91
Births Registered for Previous Years
98
Building Inspector's Report
128
Cemetery Trustees
119
Superintendent's Report
120 250
Collector of Taxes Report
313
Custodian of Soldiers' and Sailors' Graves
121
Deaths Registered
110
Dog Officer's Report
186
Fire Alarm Superintendent's Report 203
Fire Chief's Report
200
Forest Warden's Report
189
Health, Board of
126
Library Trustees
193
Librarian's Report
197
List of Jurors
10
Marriages Registered
99
Middlesex County Extension Service
186
Moth Superintendent's Report
126
Municipal Light Board
129
Auditor's Report
138
Financial Statements
139
Manager's Report 131
Notice to Parents, Housewives, Physicians and Midwives 89
Planning Board 118
144
Police Chief's Report
182
Public Welfare, Board of
123
Welfare Superintendent's Report
124
318
Plumbing Inspector's Report
Contributory Retirement Board
INDEX
Public Works, Board of 207
Highway Department
224
Park Department 238
Sewer Department
240
Superintendent's Report
209
Water Department 209
School Committee
145
Administrative Officers
147
Age-Grade Table
158
Budget
152
Change in Personnel
155
Commencement Exercises
179
High School Graduates
180
No School Signals
148
Number of Employees
156
School Calendar 149
School Faculties
159
Sealer of Weights and Measures' Report 205
State Auditor's Report
85
State Primary
59
State Election
72
Statistics
9
Town Clerk
Fees Received
88
Report
14
Town Counsel's Report
187
Town Election
23
Town Meetings
30
Annual Meeting
30
Special Meeting
57
Special Meeting
69
Town Officers
2
Town Warrant
14
Treasurer's Report 249
127
Veterans' Benefits Agent
122
Wire Inspector's Report
204
Tree Warden's Report
319
READING CHRONICLE PRESS Reading, Massachusetts
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