USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1950 > Part 14
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32,301.37
New Business Expenses
70.64
General Expenses
42,295.65
Depreciation Expenses
63,651.44
Interest on Bonds and Notes
1,646.18
Taxes-Personal Property Outside Towns
12,270.04
Uncollectible Operating Revenues
1,208.04
Interest on Consumers Deposits
825.04
Retirement Pensions
2,930.20
Bonds and Notes Paid
9,000.00
Total Expenses
$685,491.56
Excess of Revenues over Expenses
$108,397.53
Transfer to Town Treasurer
$ 52,670.15
Net Increase of Profit and Loss Surplus
$ 55,727.38
STATEMENT OF ASSETS AND LIABILITIES
as of December 31, 1950
FIXED ASSETS:
Land
$ 10,035.26
Structures
59,523.36
Trans. Sta. and Substa. Equipment
161,207.15
Poles, Fixtures and Overhead Cond.
315,066.38
Underground Conduits
92,232.11
Underground Conductors
121,219.82
Consumers Meters
47,401.55
Consumers Meter Installations
19,550.72
Line Transformers
63,952.87
Line Transformer Installations
4,009.68
Street Lighting Equipment
9,654.78
General Equipment
29,470.68
Unfinished Construction
1,995.86
Total Fixed Assets
$935,320.22
CURRENT ASSETS:
Construction Fund
$ 29,307.53
Special Construction Fund-Plant
5,203.15
166
Special Construction Fund-Underground
1,801.25
Depreciation Fund
9,819.93
Petty Cash
300.00
Consumers Deposit Fund
15,454.00
Accounts Receivable
80,443.52
Materials and Supplies
101,183.12
Total Current Assets
$243,512.50
Prepaid Insurance
$ 1,846.78
Totals
$1,180,679.50
LIABILITIES:
Notes Payable
$ 89,000.00
Bonds Payable
2,000.00
Accounts Payable
None
Consumers Deposits
15,454.00
Town Treasurer-Petty Cash Fund
300.00
Interest Accrued
502.39
Loans Repayment
640,578.26
Total Liabilities
$747,834.65
Profit and Loss
$432,844.85
Totals
$1,180,679.50
Note: A contingent liability in the amount of $21,483.07 existed as of December 31, 1950 on account of leases received from installment sales of electrical appliances and which were discounted with the Middlesex County National Bank of Reading.
PROFIT AND LOSS ACCOUNT
as of December 31, 1950
Balance January 1, 1950
$376,378.07
Net Income-before Bond Payments
117,397.53
Miscellaneous Credits
814.40
Total Credits $118,211.93
Bond and Notes Paid
$ 9,000.00
Transferred to General Funds of the Town
52,670.15
Miscellaneous Debits 75.00
Total Debits $ 61,745.15
Balance December 31, 1950
$432,844.85
167
NINETY-SIXTH REPORT OF THE FIRE DEPARTMENT REPORTS OF THE FOREST WARDEN
AND SUPERINTENDENT OF FIRE ALARMS
To the Honorable Board of Selectmen,
Gentlemen:
The 1950 report of the Fire Department, Forest Warden and Super- intendent of Fire Alarm is hereby submitted.
Manual Force. The permanent force consists of fourteen men in- cluding the Chief, Deputy Chief, Captain, 2 Lieutenants, one of whom is mechanic. There are 19 call firemen and a Dispatcher on call. The Auxiliary Fire Service numbers thirty men.
Apparatus. A 65 ft. Junior Aerial Ladder truck, five pumping en- gines, two trailer pumps, one hose trailer, one 1 ton Utility truck with pump, a Chevrolet Sedan Chief's Car. The latter purchased this year to replace the 1937 Packard which had outlived its usefulness. A two- way radio was also purchased this year and placed in the new Chief's Car. Additional Resucitator tanks and Scott Air-Pak tanks were pur- chased to have enough spare tanks to keep each Air-Pak in service while empty tanks are being refilled. These Scott Air-Paks were used extensively in the past year and proved to be satisfactory in perform- ance and a definite aid to fighting fires where the oxygen content of the air was deficient.
Service Record. The department has responded to 135 bell alarms, 6 of which were false; 273 still alarms, 2 of which were false; and 132 service calls. A total of 540 or 44 more than 1949. Included in the total calls were 190 for grass, brush and dump fires, 25 of which were in the town dump on John Street. The fire loss for the year on property endangered valued at $123,855.00 was 32,490.00 an increase of $2,568.05 over 1949. 20 firemen and 3 civilians received minor injuries at fires. The following equipment was used: 209 booster tanks; 30,800 ft. of 3/4 inch booster hose; 1,000 ft. of 11/8 inch State hose; 45,000 ft. of 11/2 inch hose; 28,700 ft. of 21/2 inch hose; engines pumped 1211/4 hours; 1,379 ft. of ladders raised including 13 times the aerial ladder raised. 32 fire extinguishers of different types were used. 7 fires were investigated by inspectors from the State Fire Marshal's Office.
Routine inspections have been made of business property, nursing homes, schools and places of public assembly as far as possible with the limited personnel available. 329 inspections have been made and permits issued for power oil burners. 39 inspections made and permits issued for range oil burner installations and storage. 51 inspections
168
made and permits issued for Liquefied Petroleum Gas storage installa- tions. 12 inspections made and permits issued for oil burning water heaters and storage. Permits were also issued for the following :- Blasting 47, Alcohol (Anti-Freeze) 1, Tar Kettle 1, to store thinner 1, to remove gasoline tank 1.
Fire Stations. At the Central Station soil pipes in the basement were removed from overhead and placed underground to give greater head room. Cement blocks and fire doors to contain the heater in a separate room were purchased and the construction is going on at pres- ent writing. A new two inch water service was connected and is more satisfactory for filling booster tanks. At the Engine 2 Station new over- head doors were installed, the basement floor cemented and the base- ment walls pointed up. A minor hurricane occurred on September 11th which did considerable damage to the bell tower which had to be re- paired and reshingled.
Fire Alarm. The September 11 storm put three of the fire alarm cir- cuits out of commission, but thye were all back in service within 24 hours. Many tree insulators had to be replaced and re-set. Cable was pulled in the Woburn Street conduit from Bancroft Avenue to High Street and in the conduit on Sanborn and Lowell Streets from Woburn to Middlesex Avenue. Also from box 61 to the Municipal Building. The necessary tree trimming has been done. Fire alarm boxes 28, 38, and 63 were replaced with new boxes this year. 2 of the boxes replaced were purchased in 1887 and were the two original boxes of the system. Material shortages have been responsible for the new Fire Alarm Switchboard being delayed in delivery and it should be received early in 1951.
Recommendations. That the permanent force be increased. That the present Engine 2, a 400 gallon per minute pumper, purchased in 1926, be placed in reserve and a new 750 gallon per minute pumping engine purchased. That the 55 foot wood extension ladder now in use be replaced. That 1000 feet of 21/2 inch hose be purchased. That radios be installed on the apparatus. That new fire alarm boxes be purchased to replace some of the very old boxes now in service.
Conclusion. In conclusion I wish to thank your Honorable board for the co-operation received, the members of the department and the Auxiliary Fire Service for their efficient performance of duty. The Red Cross Motor Corps and Canteen for their response to fires and assistance, and other town departments and citizens who have co-operated and as- sisted this department.
Respectfully submitted,
HUGH L. EAMES
Chief of the Fire Department,
Forest Warden, and Superintendent of Fire Alarm
169
REPORT OF MOTH SUPERINTENDENT
To the Honorable Board of Selectmen
Gentlemen:
I submit my report as Moth Superintendent for the year 1950.
The regular yearly check for the Gypsy Moth egg clusters showed no heavy infestation in any part of the town.
Dutch Elm disease has increased in the past year. The men took cuttings from thirty-four trees that appeared to have hte disease. Mr. John F. Sawyer, the secretary of the Dutch Elm Committee, forwarded these cuttings to the University of Massachusetts Shade Tree Laboratory at Amherst, to be cultured. Twenty-two of the trees were certified as having the Dutch Elm disease. These trees were removed and burned. None of these trees were on the roadside.
Elm trees should be sprayed twice and if possible three times each season. During 1950, the spraying on private property increased more than a third over 1949. If we are to continue this work on private prop- erty and give the Elms the proper care we should have one more spray- ing machine.
I wish to express my appreciation to the Board of Selectmen, the men of this department and all others who have assisted me in the past year.
Respectfully yours,
MAURICE H. DONEGAN
Moth Superintendent
REPORT OF 4-H CLUB WORK
During 1951 there were five active 4-H Clubs in Reading, 3 sewing. and 2 agriculture. There were about 75 children who completed projects.
Our annual exhibition was held at the Pearl St. School the first Friday in May. All project work was exhibited. Fifty outfits were. modeled by the girls who made them. Awards were given out by Mr. George Erickson, county agent.
The third Saturday in May a bus was chartered by the Town Com- mittee to take the girls to County Girls Day at Concord. Many of our girls participated in the County Dress review. Several Blue Ribbons. were awarded to Reading girls at this time.
Several agricultural members exhibited at the Eastern States Ex- position and the Boston Poultry Show.
Fifteen members attended Camp Middlesex for one or more weeks. Two full Camperships and two part Camperships were awarded by the Town Committee.
The second Saturday in June a bus was chartered to take all 4-H members on a picnic to Camp Middlesex in Ashby, Mass. A full day of swimming and sports was enjoyed by all.
LOIS M. CONNOR, 4-H Town Chairman
170
REPORT OF THE INSPECTOR OF WIRES
To the Honorable Board of Selectmen
Gentlemen:
I hereby submit my report for the year 1950.
Permits have been issued and inspection made on the following.
Laundry machines & dryers .. 8Additions to existing wiring .... 151
Motors 25 Alterations to existing wiring .. 62
Oil burners
324Air conditioning 1
Ranges (Electric)
158Barns
1
Refrigeration
1Corrections made to wiring 7
Repairs to old wiring
29 Dishwashers
4
Repairs after fire damage
5Dwellings (New) 221
Services (Temporary)
1Dwellings (Old rewired) 10
Services replaced
38Freezing Units
4
Shops
8 Garages
6
Signs
3Garbage disposal units 3
Stokers
2 Gasoline pumps 3
Stores (Old rewired)
1Gas heat controls 4
Ventilating fans
21 Gasoline stations
1
Water heaters (Electric) 36 Heat regulators
11
Wiring condemned account fire 7
It was necessary to make eleven reinspections due to faulty or im- proper installation of wires or equipment.
Respectfully submitted,
GEORGE F. FOGG
Inspector of Wires
REPORT OF WELFARE AGENT
To the Board of Public Welfare:
As Welfare Agent and Director of Old Age Assistance I submit the following reports for the year 1950:
Our case load for the past year has shown a decided increase as will be seen from the following condensed tabulation:
Number of Cases
1949
1950
General Aid
55
70
Aid to Dependent Children
22
26
Old Age Assistance
266
291
171
With increased case load, and to some extent by additional fiscal data now required by the state department, we have been hard put to it to make the deadline on assistance pay rolls, reports, reimbursement claims, etc., on several occasions, more especially as we lost the service of two experienced clerical workers through resignation during the year. It is suggested that the Board gives some consideration to the employ- ment of third clerical worker, preferably one with stenographic ability, possibly on a part time basis.
The coming year is heavy with proposed legislation pertaining to public assistance matters. Before the legislature at present is House Bill 2054, which has to do with the establishment of a new category to be known as "Assistance to Persons who are Disabled." There would be federal participation under this proposal, with apparently some fin- ancial advantage to the cities and towns, as well as to the state. Also in committee is House Bill 2500, as proposed by the Recess Commission to revise the public welfare laws. As written, this bill would change the enitre reimbursement schedule, with gains for the towns in General Aid and in Aid to Dependent Children, but a substantial loss in Old Age Assistance. A superficial survey of our own situation indicates that we would break about even. House Bill 2500 is in confliction with the much discussed Referendum No. 3, under which the state would reimburse the towns in full for Old Age Assistance expenditures. We may be cer- tain that some major change will develop from the various proposals now being handled by the state legislature.
Becuase of increased case load and the constant rise in living costs, our net cost shows an increase over 1949 of about $9,700.00.
The actual percentage of reimbursement was slightly better than that of the previous year.
A condensed statement of expenditures and reimbursement is given below:
Expenditures for Assistance
General Aid
$ 40,027.35
Aid to Dependent Children 29,927.07
Old Age Assistance 189,910.89
$256,865.31
Total reimbursement
201,017.24
.... Net Cost $ 55,848.07
The report of the Town Account shows the usual schedule of de- partmental receipts and expenditures.
Respectfully submitted, EDWARD E. HARNDEN
Welfare Agent and Director of Old Age Assistance
172
REPORT OF THE BOARD OF ASSESSORS
For the Year 1950 Valuation of Taxable Property
Buildings, exclusive of land
$18,736,380
Land, exclusive of buildings
3,919,555
Personal Estate
1,408,555
Total Taxable Valuation
$24,064,490
Amount Appropriated for Town Purposes ...
$1,688,391.43
Amount to be Paid for State and County Taxes
89,418.69
Amount of Overlay
43,136.02
$1,820,946.14
Less Estimated Receipts
$593,680.85
Excise Tax
57,800.00
Over Estimate 1949
2,178.37
Available Funds
123,738.23
777,397.45
Net Amount to be raised on Polls
and Property
$1,043,548.69
Tax Rate 1950 - $43.00
Real Estate Tax
$ 974,205.21
Personal Tax
60,567.87
Poll Tax
8,764.00
Excise Tax
90,690.57
Moth
647.40
Sidewalk and Curbing
1,377.16
House Connection
1,268.93
Sewer
2,469.19
Highway
5,582.79
Water Liens
119.37
$1,145,692.49
Respectfully submitted,
HAROLD B. CURRELL RALPH T. HORN LEON G. BENT
Board of Assessors
173
REPORT OF COLLECTOR OF TAXES
For the Year Ended December 31, 1950
Taxes and Assessments 1948
Uncollected December 31, 1949
$ 5,620.94
Interest and Costs Collected
387.69
Paid Treasurer
$ 5,826.30
Abatements
94.38
Tax Takings
87.95
Uncollected December 31, 1950
.00
$ 6,008.63 $ 6,008.63
Taxes and Assessments 1949
Uncollected December 31, 1949
$ 54,340.90
Committed 1950
1,008.07
Interest and Costs Collected
1,159.06
Refunds
307.49
Paid Treasurer
$ 49,738.97
Abatements
940.81
Tax Takings
87.09
Uncollected December 31, 1950
6,048.65
$ 56,815.52
$ 56,815.52
Taxes and Assessments 1950
General Tax Warrant
$1,152,423.28
Interest and Costs Collected
546.36
Refunds
5,436.68
Paid Treasurer
$1,069,487.25
Abatements
27,883.53
Tax Takings
373.66
Uncollected December 31, 1950
60,661.88
$1,158,406.32 $1,158,406.32
Sewer Rentals
Uncollected December 31, 1949
$ 1,225.03
Committed 1950
15,230.26
Interest and Costs Collected
125.07
Refunds
35.66
Paid Treasurer
$ 15,369.83
Abatements
36.93
Uncollceted December 31, 1950
1,209.26
$ 16,616.02 $
16,616.02
174
Highway Betterment $ 24,487.44 15,971.50 .52
Uncollected December 31, 1949
Committed 1950
Interest Collected
Paid Treasurer
Betterment Apportioned
Uncollected December 31, 1950
$ 2,472.67 22,015.29 15,971.50
$ 40,459.46 $
40,459.46
Advance Payment Apportioned Highway
$ 2,753.11
Interest Collected
12.26
Paid Treasurer
$
2,765.37
$ 43,224.83 $
43,224.83
Sidewalk Betterment
Uncollected December 31, 1949
$ 2,662.37
Committed 1950
3,338.88
Paid Treasurer
$ 852.35
Betterment Apportioned
1,810.02
Uncollected December 31, 1950
3,338.88
$
6,001.25 $
6,001.25
Advance Payment Apportioned Sidewalk
$
128.32
Interest Collected
1.96
Paid Treasurer
$ 130.28
$ 6,131.53 $
6,131.53
Sewer Betterment
Uncollected December 31, 1949
$ 8,039.48
Committed 1950
4,895.85
Interest Collected
.66
Paid Treasurer
$
1,757.56
Abatement
240.00
Betterment Apportioned
6,042.58
Uncollected December 31, 1950
4,895.85
$
12,935.99 $
12,935.99
Advance Payment Apportioned Sewer
$
601.52
Interest Collected
2.88
Paid Treasurer
$ 604.40
$ 13,540.39 $ 13,540.39
175
Sewer House Connection
Uncollected December 31, 1949
Committed 1950
Paid Treasurer
Betterment Apportioned
Uncollected December 31, 1950
$ 3,396.95 4,402.07 $ 526.35 3,028.64 4,244.03
$
7,799.02 $
7,799.02
Advance Payment Apportioned Sewer H.C.
$
528.80
Interest Collected
1.00
Paid Treasurer
$ 529.80
$ 8,328.82 $
8,328.82
Estate of Deceased Persons
Uncollected December 31, 1949
$ 2,138.47
Committed 1950
420.31
Interest Collected
8.43
Paid Treasurer
$ 1,126.29
Abatements
707.96
Uncollected December 31, 1950
732.96
$ 2,567.21 $
2,567.21
Moth Department
Committed 1950
$
1,873.16
Paid Treasurer
$ 1,224.76
Abatement
1.00
Added to 1950 Real Estate Taxes
.... ..
647.40
$ 1,873.16 $
1,873.16
Departmental Accounts
Departmental Tree Work
$
3,134.65
Tuition
32,534.32
Sewer House Conn. Acct.
34.77
Public Welfare
8,708.04
Snow Plowing
386.75
Old Age Assistance
84,255.64
Aid to Dependent Children
8,249.19
Public Health
640.71
Main Pipe Extension
12,317.74
Veterans' Service
4,202.45
Granolithic Construction
36.20
Paid Treasurer
$ 154,500.46
$ 154,500.46 $ 154,500.46
176
Water Rates and Miscellaneous
Uncollected December 31, 1949 ...
Committed 1950
$ 17,616.69 122,857.34
Refunds
51.11
Paid Treasurer
$ 122,148.38
Abatements
626.30
Water Liens Added to Taxes
119.37
Uncollected December 31, 1950
17,631.09
$ 140,525.14 $ 140,525.14
Certificates
Certificates of Municipal Liens
$ 354.06
Paid Treasurer
$ 354.06
$ 354.06 $
354.06
Recapitulation of Receipts
Taxes and Assessments
$1,125,052.52
Sewer Rentals
15,369.83
Betterments
9,638.78
Estate of Deceased Persons
1,126.29
Departmental Accounts
155,725.22
Water Rates and Miscellaneous
122,148.38
Certificates of Municipal Liens
354.06
Paid Treasurer as per Treasurer's Receipts
$1,429,415.08
$1,429,415.08 $1,429,415.08
WILLIAM E. MORRISON,
Collector of Taxes
177
REPORT OF THE TREASURER
For the Year Ended December 31, 1950
The transactions in the General Cash Account, in summary form, were as follows:
Balance January 1, 1950
$ 603,298.65
Receipts
3,284,042.54
$3,887,341.19
Disbursements
3,249,729.60
Balance December 31, 1950
$ 637,611.59
Funded Debt
Outstanding January 1, 1950
$840,000.00
Bonds and notes issued in 1950
75,000.00
$915,000.00
Bonds and notes paid in 1950
$ 69,000.00
Outstanding December 31, 1950
846,000.00
$915,000.00
Temporary Loans
Outstanding January 1, 1950
Notes issued in 1950
None $250,000.00
$250,000.00
Notes paid in 1950
$250,000.00
Outstanding December 31, 1950
None $250,000.00
A more detailed statement of receipts and disbursements and a statement of the trust funds are presented in the report of the Town Accountant.
PRESTON F. NICHOLS,
Treasurer
178
ANNUAL REPORT
OF THE
TOWN ACCOUNTANT
Receipts and Expenditures
for the year ended December 31, 1950
TOWN OF READING BALANCE SHEET - DECEMBER 31, 1950
ASSETS
LIABILITIES AND RESERVES
Cash:
General
$556,631.52
Pay Roll Deductions: Withholding Tax $ 8,949.81
Petty Cash Advances:
Mass. Hospital Service 794.19
Library
$ 15.00
Light
300.00
$ 9,744.00
Schools
135.00
Tailings
190.98
Selectmen
50.00
Fish. & Hunting Licenses due State
13.25
Water
100.00
Dog Licenses due County Overestimates: County Tax 1950 8,756.16
49.8G
Welfare
50.00
650.00
County T.B. Hospital 1950
1,298.85
Accounts Receivable:
Taxes:
10,055.01
Levy of 1949:
Road Machinery Fund
21,884.47
Poll
4.00
Cem. Sale of Lots and Graves Fund
13,189.02
Personal
211.86
650.00
Real Estate
5,609.25
Reserve For Petty Cash Advances .... Trust Fund Income: Parker Hospital Fund 1,585.17
5,825.11
Grouard Hospital Fund 593.75
Cemetery Perpetual Care Fund ..
2,152.50
Stabilization Fund
241.06
Personal
6,271.45
Real Estate
47,714.20
..
4,572.48
Guarantee Deposits:
54,049.65
Sewer House Connection ..... 55.00
..
Levy of 1950:
Poll
64.00
Motor Vehicle and Trailer Excise: Levy of 1949 Levy of 1950
26.73
5,881.35
Salvage Committee Fund
5,908.08
Appropriation Balances Forward
118,143.51
Special Assessments:
Moth 1949
2.00
Moth 1950
53.50
Overlay Surplus Reserve Overlay Reserved For Abatement of Taxes: Levy of 1949 5,825.11
Levy of 1950 24,925.92
55.50
Sewer Unapportioned ...
4,895.85
Sewer 1949
42.31
Revenue Reserved until Collected: Motor Vehicle and Trailer Excise
5,908.08
Special Assessments
30,575.38
Departmental
20,576.13
Taxes on Est. of Deceased Persons
732.96
Tax Titles
1,193.48
Sewer House Conn. Unapportioned
4,244.03
Sewer House Conn. 1950
17.27
State and County Aid to Highways
19,250.00
Sewer House Conn. Int. 1950
2.00
Water Rates and Liens
17,642.92
Light Rates, etc.
80,261.43
4,263.30
Sidewalk Unapportioned
3,338.88
Sidewalk 1950
51.38
Sidewalk Interest 1950
9.16
Sale of Real Estate Account
8,740.00 355,176.20
3,399.42
Highway Unapportioned .......
15,971.50
Highway 1949
106.20
Highway 1950
322.07
..
............
.... ..
135.51
Sewer Interest 1949
11.60
Sewer Interest 1950
41.42
5,126.69
Tax Possessions
2,781.70
..
..
Water Available Surplus
178,922.08 23,553.48
Surplus Revenue ..
Light Customers Deposits
..
15,454.00
15,509.00 6,432.69
16,212.57
30,751.03
Sewer 1950
LIABILITIES AND RESERVES
ASSETS
Highway Interest 1949
26.37
Highway Interest 1950
95.07
Sewer Rentals
Departmental:
Sewer House Connections
92.67
Public Welfare
178.25
A.D.C. due from State
3,901.63
O.A.A. - Other
1,671.15
School - Tuition
12,262.92
Public Works
567.86
Tree and Moth
523.73
Veterans Aid due from State
1,377.92
20,576.13
Taxes on Estate of Deceased Persons
732.96
Tax Titles
1,193.48
Tax Possessions
2,781.70
Aid to Highways, Chapt. 90:
State
12,500.00
County
6,750.00
19,250.00
Water:
Rates, etc.
17,631.09
Liens added to taxes 1949
8.33
Liens added to taxes 1950
3.50
..
17,642.92
..
16,521.21 1,209.26
..
..
Light:
Rates, etc.
80,261.43
Customers Deposits
15,454.00
95,715.43
Underestimates:
State Parks and Reservations 1950
469.24
Metropolitan Sewerage 1950
1,787.97
2,257.21
$813,789.57
$813,789.57
NON-REVENUE ACCOUNTS
Cash
$ 80,980.07
Eaton School Construction
$ 8,855.52
Light Construction 1941
$ 5,000.00
Library Addition Construction
8,671.82
Light Construction 1948
20,000.00
Water Construction - 1949
31.14
Water Constr., Standpipe 1950
150,000.00
Water Construction, Mains, 1950
11,304.04
Water Construction, Wells, 1950
46,914.40
$175,000.00
Loans Authorized Unissued
175,000.00
$255,980.07
$255,980.07
DEFERRED ACCOUNTS
$ 13,024.49 Appor. Sewer Assts. Rev. 1951-1959
$ 13,024.49
Appor. Sewer H.C. Assts. not due ....
5,588.20 Ap. Sewer H.C. Assts. Rev. 1951-1959
5,588.20
5,554.98 Ap. Sidewalk Assts. Rev. 1951-1959
5,554.98
29,830.11
Ap. Highway Assts. Rev. 1951-1959
29,830.11
$ 53,997.78
$ 53,997.78
Apportioned Sewer Assts. not due ....
Appor. Sidewalk Assts. not due .. Appor. Highway Assts. not due ..
Light Plant Construction, Special
5,203.15
Loans Authorized:
Net Funded or Fixed Debt: Inside Debt Limit Outside Debt Limit
DEBT ACCOUNTS
Inside Debt Limit:
Issued
$584,000.00
Sewer
1948
$ 44,000.00
262,000.00
School - Eaton
1948
450,000.00
Library
1949
90,000.00
$584,000.00
Outside Debt Limit:
Drainage
1941
$ 4,000.00
School - Pearl St.
1938
40,000.00
Light
1931
2,000.00
Light
1939
14,000.00
Light
1949
75,000.00
Water
1948
11,000.00
Water
1948
19,000.00
Water
1949
22,000.00
Water
1950
75,000.00
$262,000.00
$846,000.00
$846,000.00
TRUST AND INVESTMENT ACCOUNTS
467,542.28
Parker Hospital Fund
$195,693.07
Grouard Hospital Fund
82,978.73
R.H.S. Scholarship Fund
5,020.40
Public Library Fund
1,030.30
Wadlin Library Fund
1,778.12
Tuttle Library Fund
538.08
Post War Rehabilitation Fund
5,416.54
Cemetery Perpetual Care Fund
130,087.04
Stabilization Fund
45,000.00
$467,542.28
$467,542.28
Cash and Securities
CONTRIBUTORY RETIREMENT ACCOUNTS
$ 4,637.44
Annuity Savings Fund
$120,796.46
197,801.20
Annuity Reserve Fund
19,743.10
1,016.68
Military Service Fund
1,926.41
Pension Fund
60,836.45
Expense Fund
152.90
$203,455.32
$203,455.32
CLASSIFIED STATEMENT OF FUNDED DEBT
SEWER
Due
Prin.
Int.
DRAINAGE Prin.
SCHOOLS Prin.
Int.
Prin.
LIBRARY Int.
LIGHT Prin.
WATER Prin.
Int.
Prin.
Int.
1951
$ 8,000.00
$ 600.00
$ 4,000.00
$ 20.00 $ 30,000.00
$ 9,700.00
$ 10,000.00 $1,125.00
$ 9,000.00 $ 1,513.75 $ 16,000.00 $ 2,237.50 $ 77,000.00
1952
8,000.00
480.00
30,000.00
9,112.50
10,000.00
1,000.00
7,000.00
1,361.25
16,000.00
1,942.50
71,000.00
13,896.25
1953
8,000.00
360.00
30,000.00
8,525.00
10,000.00
875.00
7,000.00
1,243.75
16,000.00
1,647.50
71,000.00
12,651.25
1954
4,000.00
270.00
30,000.00
7,937.50
10,000.00
750.00
7,000.00
1,126.25
14,000.00
1,360.00
65,000.00
11,443.75
1955
4,000.00
210.00
30,000.00
7,350.00
10,000.00
625.00
7,000.00
1,008.75
14,000.00
1,100.00
65,000.00
10,293.75
1956
4,000.00
150.00
30,000.00
6,762.50
10,000.00
500.00
6,000.00
891.25
13,000.00
841.00
63,000.00
9,144.75
1957
4,000.00
90.00
30,000.00
6,175.00
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