USA > Massachusetts > Hampden County > Wilbraham > Wilbraham annual report 1961-1965 > Part 30
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ARTICLE 48. To see if the Town will authorize the Selectmen to institute or defend suits and employ counsel for the purpose of protecting the interests of the Town, or take any other action relative thereto.
ARTICLE 49. To see if the Town will vote to authorize the Town Treasurer with the approval of the Selectmen, to borrow money from time to time in anticipation of the revenue of the financial year beginning January 1, 1964, and to issue a note or notes therefor payable within one year, and to renew any note or notes as may be given for a period of less than one year in accordance with Section 17, Chapter 44 of the General Laws.
ARTICLE 50. To transact such other business as may properly come before said meeting.
And you are directed to serve this warrant by posting attested copies thereof, one at the Post Office at North Wilbraham, one at the Post Office at Wilbraham, and one at Glendale Church, seven days at least, before the time for holding said election and meeting. Hereof fail not and make due return of this warrant with your doings thereon to the Town Clerk on or before the time for holding said election and meeting.
Given under our hands this eleventh day of February in the year of our Lord, one thousand nine hundred and sixty four.
SELECTMEN OF WILBRAHAM ROGER T. HINTZE, Chairman JESSE L. RICE SIDNEY LOW
128
Finance Committee Report
At the beginning of the third century of Wilbraham's incor- poration as a town the following examination of our population increase provides a necessary background for (1) consideration of our present financial situation, and, (2) determining what action should be taken now to assure, as far as possible, the con- tinuation of the efficient and satisfactory type of town govern- ment, services, and schools which we have had up to this time.
POPULATION INCREASE
Year
Population
1963
8,200 Estimated
1960
7,387
1955
5,600
1950
4,003
1945
3,442
Looking toward the future, Technical Planning Associates, which is preparing our Master Plan estimates that by 1970 Wil- braham may have a population between 11,000 and 14,000. And, by 1980 it may be between 18,000 and 25,000.
With increasing population, each successive year has required increasing budgets for operating expenses. In addition, substan- tial capital outlays have been necessary. While capital outlays for elementary school buildings are not required in 1964, increases in town operating expenses continue this upward trend.
During our customary annual review with the people responsi- ble for departmental budget preparation it was apparent that each department is attempting to provide the necessary services for our expanding population in the least expensive manner, con- sistent with good business principles. We want to thank each of them for the assistance they have given us in the preparation of the proposed 1964 budget. Special thanks, too, go to Mr. Joseph A. Reilly, Town Accountant, for without his assistance and preparation of reports our work would have been much more difficult.
A comparison of 1963 and 1964 is as follows:
1963
Appropriations raised by taxation Appropriations from available funds
$1,774,031.21 347,101.59 $2,121,132.80
129
1964
Appropriations recommended to be raised by taxation $1,955,663.29
Appropriations recommended from Available Funds $207,645.89 Appropriation previously voted from Available Funds 40.37
207,686.26
$2,163,349.55
As indicated above the total amount raised by taxation and obtained from available funds in 1963 was $2,121,132.80. The comparable figure for 1964 is $2,163,349.55. This represents in 1964 a total increase of $42,216.75. This proposed 1964 budget includes an increase of $181,632.08 over 1963 from taxation and a decrease of $139,415.33 as compared to 1963 from available funds.
The amount of increase to be raised by taxation, $181,632.08, is accounted for as follows:
INCREASES FROM TAXATION, 1964 VS. 1963
ARTICLE 5
Schools - Increases
Local Schools
$91,343.00
Regional School
32,674.00
$124,017.00
Other Increases
General Government
7,554.00
Protection of Persons
and Property
24,428.00
Health and Sanitation
12,000.00
Highways
11,843.00
Charities
7,575.85
Veterans' Services
1,030.00
Library
3,558.95
Recreation and Celebrations
810.00
Pensions
2,244.77
Unclassified
2,100.00
Water Department
1,448.00
Cemeteries
475.00
Debt and Interest
26,940.00
101,987.57
Special Articles - 1964
Sidewalks
41,238.00
Stabilization Fund
20,000.00
Reserve Fund
15,000.00
Sewer Construction
14,000.00
90,238.00
Total Increases
$316,242.57
130
DECREASES FROM TAXATION, 1964 VS. 1963
Special Articles 1963
Appropriation for So. Main St. School
$61,480.49
16,850.00
Bicentennial Highways, Net All Other, Net
8,750.00
5,830.00
Special Articles 1962
Appropriation for So. Main St. School
41,700.00
$134,610.49
Net Increases from Taxation, 1964 vs. 1963
$181,632.08
The amount of decrease in the use of Available Funds in the amount of $139,415.33 is accounted for as follows:
For Schools - Decrease
Special Articles 1963
School Building So. Main St.
$193,523.51
Special Article 1962
Repair Stony Hill School Roof
14,500.00
Transfer to Pines School
4,290.34
Total Reduction for Schools $212,313.85
For All Other - Increase
Sidewalks
$51,062.00
Highways
21,232.08
History Committee
6,599.02
Stabilization Fund
5,000.00
All Other, Net
1,852.42
85,745.52
Less Decrease
Reserve Fund
10,000.00
Bicentennial Committee
2,500.00
Water Department
347.00
12,847.00
Net Increase
72,898.52
Total Decrease from Available Funds
$139,415.33
Summary of total increase to be raised in 1964 versus 1963:
By taxation - Increase
$181,632.08
Less Available Funds - Decrease 139,415.33
Net Increase $42,216.75
131
From the above it is apparent the largest single item of increase is in the school budget. It should be pointed out that while Wil- braham's population increase over the 15-year period from 1948 through 1963 is about 117%, the increase in the "school popula- tion" during this same period is 377%. Obviously, larger school budgets and a higher per family tax cost is the end result.
As 1964 budget recommendations do not include funds for providing additional elementary school buildings, the amount of appropriations under the category of Special Articles is re- duced as compared to 1963. However, the rapid population in- crease and the number of new dwellings either built or in the planning stage indicates additional schools will undoubtedly be required soon. A new school survey committee was recently appointed to study future school building needs.
While the Town Warrant will contain an article asking for approval to construct an addition to Minnechaug Regional High School, no appropriation will be required for this project in 1964. However, subsequent years' budgets will reflect construc. tion and operation costs of this proposed addition.
Again, in reference to schools, recommendations are included in special articles for the construction of additional sidewalks adjacent to schools. Not only is this good planning for pedestrian schoolchild safety, but is good planning from a financial view- point. Over relatively few years the savings in bus transporta- tion offsets the cost of the walks, including maintenance and allied expenses.
One of the larger increases this year is in the category of "Pro- tection of Persons and Property." This reflects the need for increased fire protection as a result of growth of the town.
Increases in "Health and Sanitation" result from strict Com- monwealth requirements concerning operation and maintenance of the town dump.
Debt and Interest increases are primarily the result of school bonds for the new elementary school on South Main Street.
Under "Special Articles" above you will note an item headed "Sewer Construction." In January 1964 the Commonwealth issued instructions for Wilbraham to take immediate action to- ward discontinuing discharging raw sewage into the Chicopee River. The above appropriation is the first step in meeting Com- monwealth requirements.
132
In the warrant for the 1964 annual town meeting will be an article sponsored by the Board of Selectmen for the authorization to appoint a study committee, or committees, to report at a future town meeting the advisability of establishing a Department of Public Safety, a Department of Public Works or any other phase of Town Government administration they may deem advisable. In view of the possibility that better coordination and more effi- cient utilization of available manpower and equipment might result, the Finance Board concurs in this recommendation and ask that townspeople give this article full support.
The value of the Stabilization Fund, originally established in 1956 has proved of inestimable value, not once but many times. Without this method of accumulating funds in anticipation of future capital expenditures our bonded indebtedness would be much larger than is the case today. In view of expected demands for funds for such items as additional schools, sewers, and other capital projects, we strongly urge adding to this Fund this year the sum of $100,000.00.
As Wilbraham grows, more and more pressure will become apparent for ever increasing expenditures. Each of us, whether or not in Town Government, must evaluate every request for funds and for services in the light of its effect on, and its value to, the entire Town. It is only in this manner that expenditures and increases in our individual tax bills can be held within reasonable limits.
ALDO ALBERICI, Chairman
IRVING J. CORDNER
HARRY C. CRAWFORD, JR.
FRED T. GOOGINS
HERMAN G. GRANDCHAMP
ALBERT H. HOWES
ALBERT E. NEALE
MARSHALL ROPER
ALPHONSE SAMBOR
133
ARTICLE 5 APPROPRIATIONS RECOMMENDED
1963 Appropriations As Modified
1963 Expended
1964 Budget
1964 Recommended Totals
GENERAL GOVERNMENT
Selectmen
Salaries and Wages
$7,982.00
$7,347.59
$9,039.00
Expense
2,200.00
1,570.03
1,525.00
Out-of-State Travel
66.66
66.66
75.00
Total
$10,248.66
$8,984.28
$10,639.00
Accounting Department
Salaries and Wages
$8,151.00
$7,899.71
$8,455.00
Expense
398.00
306.70
335.00
Total
$8,549.00
$8,206.41
8,790.00
Town Treasurer
Salaries and Wages
$4,643.00
$4,638.02
$4,966.00
Expense
1,311.00
1,304.75
575.00
Total
$5,954.00
$5,942.77
5,541.00
Town Collector
Salaries and Wages
$7,565.00
$7,542.19
$8,126.00
Expense
1,351.00
1,324.93
1,596.00
Total
$8,916.00
$8,867.12
9,722.00
Assessors, Board of
Salaries and Wages
$10,046.00
$8,852.53
$11,427.00
Expense
1,700.00
1,486.50
2,070.00
Total
$11,746.00
$10,339.03
13,497.00
Town Clerk
Salaries and Wages
$3,632.00
$3,631.20
$3,783.00
Expense
386.16
320.13
300.00
Total
$4,018.16
$3,951.33
4,083.00
Legal
Salaries and Wages
$2,500.00
$1,925.00
$2,875.00
Expense
1,050.00
789.50
1,300.00
Total
$3,550.00
$2,714.50
4,175.00
Elections and Town Meeting Exp. Salaries and Wages
$594.18
$594.18
$2,350.00
Expense
561.82
561.60
738.00
Total
$1,156.00
$1,155.78
3,088.00
134
1963 Appropriations As Modified
1963 Expended
1964 Budget
1964 Recommended Totals
Registrars of Voters Salaries and Wages Expense
$1,228.73
$894.00
$1,030.00
221.27
221.27
232.00
Total
$1,450.00
$1,115.27
1,262.00
Planning Board
Salaries and Wages
$1,265.26
$1,265.26
$1,815.00
Expense
1,491.01
1,381.97
2,683.00
Total
$2,756.27
$2,647.23
4,498.00
Town Office and Bldg. Maint.
Salaries and Wages
$1,560.00
$1,194.75
$1,638.00
Expense
5,030.00
4,745.28
4,355.00
Total
$6,590.00
$5,940.03
5,993.00
Town Auditor
Salaries and Wages
$200.00
$200.00
$50.00
50.00
Total Gen. Government $65,134.09
$60,063.75
$71,338.00
PROTECTION OF PERSONS AND PROPERTY
Police Department
Salaries and Wages
$27,314.00
$26,001.99
$32,272.00
Expense
4,500.00
4,374.63
4,790.00
Total
$31,814.00
$30,376.62
$37,062.00
Fire Department
Salaries and Wages
$23,248.00
$22,502.00
$39,495.00
Expense
6,637.00
5,659.14
8,557.00
Total
$29,885.00
$28,161.14
48,052.00
Pest Control
Salaries and Wages
$457.93
$456.50
$600.00
Expense
742.07
742.07
900.00
Total
$1,200.00
$1,198.57
1,500.00
Dead Wood
Salaries and Wages
$1,689.00
$1,687.50
$1,700.00
Expense
1,811.00
1,810.15
1,800.00
Total
$3,500.00
$3,497.65
3,500.00
Forest Warden
Salaries and Wages
$500.00
$430.00
$500.00
Expense
400.00
392.00
400.00
Total
$900.00
$822.00
900.00
135
1963 Appropriations As Modified
1963 Expended
1964 Budget
1964 Recommended Totals
Aid to Agriculture
$150.00
$150.00
$125.00
125.00
Tree Warden
Salaries and Wages
$1,785.00
$1,776.75
$2,000.00
Expense
1,715.00
1,714.41
2,000.00
Total
$3,500.00
$3,491.16
4,000.00
Civil Defense
Salaries and Wages
$797.00
$758.00
$824.00
Expense
1,855.00
1,853.18
776.00
Total
$2,652.00
$2,611.18
1,600.00
Dog Officer
Salaries and Wages
$150.00
$150.00
$150.00
150.00
Building Inspector
Salaries and Wages
$2,025.00
$2,025.00
$2,525.00
Expense
685.00
676.03
675.00
Total
$2,710.00
$2,701.03
3,200.00
Wiring Inspector
Salaries and Wages
$690.00
$690.00
$810.00
Expense
650.00
628.20
650.00
Totals
$1,340.00
$1,318.20
1,460.00
Sealer of Weights and Measures Salaries and Wages
$300.00
$300.00
$300.00
Expense
41.45
41.45
15.00
Total
$341.45
$341.45
315.00
Appeals, Board of Salaries and Wages
$533.13
$533.13
$690.00
Expense
191.87
172.75
215.00
Total
$725.00
$705.88
905.00
Total Protection of Persons and Property
$78,867.45
$75,524.88
$102,769.00
HEALTH AND SANITATION
Board of Health
Salaries and Wages
$2,804.06
$2,804.06
$4,200.00
Expense
9,157.40
9,157.40
16,400.00
Total
$11,961.46
$11,961.46
$20,600.00
Dental Clinic
Salaries and Wages
$300.00
$300.00
136
1963 Appropriations As Modified
1963 Expended
1964 Budget
1964 Recommended Totals
Mosquito Control Salaries and Wages Expense
$310.00
$240.00
$310.00
2,290.00
2,194.96
2,290.00
Total
$2,600.00
$2,434.96
2,600.00
Inspector of Animals Salaries and Wages
$65.00
$65.00
$65.00
65.00
Inspector of Slaughtering Salaries and Wages
$50.00
$50.00
$50.00
50.00
Total Health and Sanitation
$14,976.46
$14,811.42
$23,315.00
HIGHWAYS
Highway Department
Salaries and Wages
$25,881.06
$23,703.94
$31,510.00
Expense
27,659.09
27,555.94
32,400.00
Total
$53,540.15
$51,259.88
$63,910.00
Road Machinery Oper. Acct.
7,500.00
6,930.41
8,000.00
8,000.00
Street Lights
9,000.00
8,360.99
9,970.00
9,970.00
Total Highways
$70,040.15
$66,551.28
$81,880.00
CHARITIES
Department of Public Welfare Administration Aid
$1,075.85
General Relief
$7,083.50
$4,687.37
5,000.00
Old Age Assistance
28,874.80
26,190.00
28,000.00
Aid to Dep. Children
7,244.75
5,878.08
10,000.00
Disability Assistance
2,000.00
1,289.25
4,500.00
Total Charities
$45,203.05
$38,044.70
$48,575.85
SOLDIERS' BENEFITS
Veterans' Service Department Salaries and Wages
$570.00
$560.33
$600.00
Expense
20.00
16.70
30.00
Aid
5,110.48
4,630.61
5,370.00
Total Soldiers' Benefits
$5,700.48
$5,207.64
$6,000.00
SCHOOLS
Local
Salaries and Wages
$507,816.00
$515,477.10
$595,128.00
Expense
153,231.23
145,223.91
157,215.00
Out-of-State Travel
80.00
21.08
80.00
Total Local
$661,127.23
$660,722.09
$752,423.00
Hampden-Wilbraham Regional 397,510.96
397,510.96
430,184.96
430,184.96
Total Schools
$1,058,638.19 $1,058,233.05
$1,182,607.96
137
nde
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5.d
1963 Appropriations As Modified
1963 Expended
1964
Budget
1964 Recommended Totals
LIBRARY
Salaries and Wages
$16,350.54
$16,029.64
$18,473.00
Expense
7,575.46
7,575.46
7,904.21
Total
$23,926.00
$23,605.10
$26,377.21
RECREATION AND CELEBRATIONS
Parks
Salaries and Wages
$375.00
$351.30
$375.00
Expense
225.00
110.07
100.00
Total
$600.00
$461.37
$475.00
Playgrounds
Salaries and Wages
$2,600.00
$2,599.51
$3,150.00
Expense
2,780.00
2,270.57
2,735.00
Total
$5,380.00
$4,870.08
5,885.00
Community Program
$6,000.00
$5,883.94
$6,480.00
6,480.00
Memorial and Independence Day
$250.00
$183.81
$200.00
200.00
Total Recreation and Celebration
$12,230.00
$11,399.20
$13,040.00
PENSIONS
Assessment - Hampden County
Retirement System
$11,418.00
$11,418.00
$13,642.77
$13,642.77
UNCLASSIFIED
Printing Town Reports
$3,584.53
$3,584.53
$3,600.00
Insurance and Bonding
8,700.00
8,413.38
9,800.00
Industrial Development
100.00
9.60
600.00
Total Unclassified
$12,384.53
$12,007.51
$14,000.00
PUBLIC SERVICE ENTERPRISE
Water Dept. - Maintenance Salaries and Wages
$10,135.47
$10,135.47
$9,963.00
Expense
18,879.53
15,987.48
20,500.00
Total Public Serv. Enter. $29,015.00
$26,122.95
$30,463.00
CEMETERIES
Salaries and Wages
$915.00
$912.50
$1,250.00
Expense
985.00
691.58
1,125.00
Total Cemeteries
$1,900.00
$1,604.08
$2,375.00
138
1963 Appropriations As Modified
1963 Expended
1964 Budget
1964 Recommended Totals
MATURING DEBT AND INTEREST Maturing Debt
School Bonds
$95,000.00
$95,000.00
$130,000.00
Water Bonds
15,000.00
15,000.00
5,000.00
Maturing Interest
School Bonds
16,737.50
16,737.50
18,895.00
Water Bonds
1,425.00
1,425.00
1,207.50
Temporary Loan Interest
1,800.00
1,779.05
1,800.00
Total Mat. Debt & Int.
$129,962.50
$129,941.55
$156,902.50
Total Article 5 $1,559,395.90 $1,534,535.11
$1,773,286.29
We also recommend appropriations under some Articles in the Warrant as follows:
From Available Funds
From Tax Levy
1964 Recommended Totals
Article 4
Library
$1,139.79
$1,139.79
Article 6
Chapter 81 - Highway Work
18,425.00
$8,375.00
26,800.00
Article 7
Chapter 90 - Highway Const.
20,250.00
6,752.00
27,002.00
Article 8
Chapter 90 - Highway Maint.
5,000.00
2,502.00
7,502.00
Article 9
Construction - Soule Road
17,057.08
17,057.08
Article 10
Construction - Joan Street
1,815.00
1,815.00
Article 14
Highway Dept. - 21/2 Ton Truck
7,100.00
900.00
8,000.00
Article 15
Highway Dept. - Front End Loader
14,000.00
14,000.00
Article 16
Resurface Stony Hill Road
8,821.00
8,821.00
Article 17
Sidewalk Construction
15,469.50
15,469.50
30,939.00
Article 18
Sidewalk Construction
2,546.00
2,546.00
5,092.00
Article 19
Sidewalk Construction
10,661.50
10,661.50
21,323.00
Article 20
Sidewalk Construction
17,451.50
17,451.50
34,903.00
Article 21
Sidewalk Construction
4,933.50
4,933.50
9,867.00
Article 23
Water Department Truck
2,300.00
2,300.00
Article 24
Installations -- Water Dept.
12,733.00
12,733.00
Article 25
Police Cruiser
3,250.00
3,250.00
Article 30
Conservation Commission
100.00
100.00
Article 31
Land Purchase Fund
1,000.00
1,000.00
Article 32
History Committee*
6,599.02
6,599.02
Article 33
Garbage Collection
7,280.00
7,280.00
Article 34
Maps - Assessors and Planning Board
2,500.00
2,500.00
Article 35
Sewer Construction
14,000.00
14,000.00
Article 36
Sewer Rental
1,000.00
1,000.00
Article 38
Stabilization Fund
50,000.00
50,000.00
100,000.00
Article 39
Reserve Fund
10,000.00
15,000.00
25,000.00
$207,645.89
$182,377.00
Total Special Articles
$390,022.89
Total Recommendations
$2,163,309.18
SUMMARY
Appropriations recommended to be raised by taxation
$1,955,663.29
Appropriations recommended from available funds
207,645.89
Total
$2,163,309.18
* Finance Committee will make recommendation at Town Meeting
139
Financial Statements 1963
Auditor's Report
I have examined the financial statements of the Town of Wil- braham, reviewed the system of internal control, examined the various accounting records on a selective basis and conducted a limited cash audit. I believe that all cash collected has been prop- erly recorded and deposited, that disbursements are supported by proper vouchers, and that the Treasurer's cash balance as of December 31, 1963 is correct.
SPENCER W. MOORE
141
Town of Wilbraham BALANCE SHEET - DECEMBER 31, 1963 GENERAL ACCOUNTS
Assets
Liabilities and Reserves
Cash:
General
$589,227.34
$135.09
Accounts Receivable: Taxes :
Trust Fund Income: Hines Family Burial Lot Cemetery Perpetual Care
$56.84 29.07
85.91
Real Estate:
Levy of 1951
3.60
Federal Grants:
Levy of 1952
3.90
Levy of 1953
2.10
Levy of 1954
2.25
Levy of 1955
2.35
Levy of 1956
2.50
Levy of 1957
2.60
252.41
Levy of 1958
2.75
Levy of 1959
3.25
Levy of 1960
3.25
Levy of 1961
73.74
Levy of 1962
11,731.29
Levy of 1963:
School:
Personal Property
$1,968.13 54,040.89
56,009.02
Public Law No. 85-864
745.55
40,851.65
Motor Vehicle and Trailer Excise:
Levy of 1962 Levy of 1963
$276.73 38,701.84
38,978.57
Revenue: General
$31,454.78
Special Assessments:
Water Mains: Unapportioned Street Assessments: Unapportioned
$705.12
Non-Revenue: Pines School Addition School Project 1963 Water Mains
508.04 210,270.28 689.65
242,922.75
871.48
School Lunch Program Appropriation Balances:
14,899.43
Public Law No. 81-874
37,307.43
Real Estate
Old Age Assistance: Administration Assistance Medical Aid for the Aged: Aid
844.15
856.12
450.24
Aid to Families With Dependent Children: Aid
$395.75
Disability Assistance: Assistance
142
Tailings : Unclaimed Checks
Added to Taxes: Levy of 1962 Levy of 1963
30.00
43.00
Committed Interest:
Levy of 1962 Levy of 1963
14.88
1,675.08
Revenue Reserved Until Collected: Motor Vehicle and Trailer Excise Special Assessment
1,675.08
Tax Titles
6,533.07
Departmental
4,400.14
Water
5,146.70
Aid to Highway
15,765.32
72,498.88
Aid to Families With Dependent Children
2,104.04
Old Age Assistance
283.91
Veterans' Services
1,453.94
4,400.14
Water:
Rates
$3,212.62
Installations
1,934.08
5,146.70
Aid to Highways:
State
$6,965.32
County
8,800.00
15,765.32
Unprovided for or Overdrawn Accounts:
Overdrawn Appropriations:
State Recreation Areas
$378.50
County Tax
331.90
County T.B. Hospital
51.90
762.30
Overlay Deficit:
Levy of 1963
7,174.81
$737,505.93
$737,505.93
DEFERRED REVENUE ACCOUNTS
Apportioned Assessments Not Due: Street
$2,655.00
Apportioned Street Assessment Revenue: Due in 1964 to 1979, Inclusive $2,655.00
143
Road Machinery Fund
Reserve Fund - Overlay Surplus Overlay Reserved for Abatements: Levy of 1962
7,275.33 10,746.94
16,857.51
Tax Titles
6,533.07
Departmental:
Ambulance Service
$400.00
Selectmen's Licenses
158.25
Appropriation Reserved for Town Meeting Surplus Revenue
9,900.00
321,332.44
10.60
$38,978.57
Town of Wilbraham - Balance Sheet - December 31, 1963 (Continued)
DEBT ACCOUNTS
Net Funded or Fixed Debt: Inside Debt Limit Outside Debt Limit: General Water
$165,000.00
Inside Debt Limit: School Addition Loan Outside Debt Limit: General: Memorial School Loan
$165,000.00
$660,000.00 60,000.00
720,000.00
School Project Loan - 1957
280,000.00
School Project Loan - 1961
120,000.00
School Project Loan - 1963 Water Loans
60,000.00
720,000.00
$885,000.00
$885,000.00
STABILIZATION FUND
$183,935.59
Expenditures :
75,000.00
School Project - 1963
$183,000.00
4,839.05
Balance December 31, 1963
80,774.64
$263,774.64
$263,774.64
TRUST AND INVESTMENT ACCOUNTS
In Custody of Treasurer: Chloe B. Stebbins Charity Fund Deacon Warriner School Fund School Lot Fund
1,224.74
In Custody of Treasurer
$101,460.89 204.53
1,274.85
Chloe B. Stebbins Library Fund
183.11
Abner W. Bell Library Fund
72.90
Henry Cutler Library Funds
1,361.20
Civil War Mortar Memorial Plaque Fund
57.19
Ethelbert Bliss Cemetery General Care Fund
1,962.20
Laura Bruuer Cemetery General Care Fund
1,186.71
Cemetery Perpetual Care Funds
11,834.27
Soldiers Monument Park Fund Stabilization Fund
80,774.64
In Custody of Probate Court: Hines Family Burial Lot Fund
204.53
$101,665.42
$101,665.42
Balance December 31, 1962 Appropriation March 16, 1963 Interest on Deposits
144
In Trust and Investment Funds: Cash and Securities:
$326.54
In Custody of Trustees
1,202.54
$90,000.00
170,000.00
Town of Wilbraham Bonded Indebtedness
December 31, 1963
Maturity
Year
1949 Memorial School
1953 Addition Memorial and Pines
1957 Addition Stony Hill School
1961 Addition Pines School
1963 New Elementary School
1955 Water Bonds
Total
1964
$15,000
$20,000
$20,000
$40,000
$35,000
$5,000
$135,000
1965
15,000
20,000
20,000
40,000
35,000
5,000
135,000
1966
15,000
20,000
20,000
40,000
35,000
5,000
135,000
1967
15,000
15,000
20,000
35,000
5,000
90,000
1968
15,000
15,000
20,000
30,000
5,000
85,000
1969
15,000
15,000
20,000
5,000
55,000
1970
15,000
20,000
5,000
40,000
1971
15,000
20,000
5,000
40,000
1972
15,000
20,000
5,000
40,000
1973
15,000
20,000
5,000
40,000
1974
20,000
5,000
25,000
1975
20,000
5,000
25,000
1976
20,000
20,000
1977
20,000
20,000
Totals
$90,000
$165,000
$280,000
$120,000
$170,000
$60,000
$885,000
The unpaid balance of State School Construction Grants Payable over the life of the School Construction Bonds is $545,312.70. In addition the Town is contingently liable for 77.5% of the $1,565,000. balance of the Minnechaug Regional High School Construction and Planning Loans.
145
Recapitulation of Surplus Revenue - 1963
Balance January 1, 1963
$325,144.25
Deduct :
Appropriations - Annual Town Meeting
$112,155.00
Chap. 81 Appropriation reopened
73.80
Appropriation - Special Town Meeting
40.37
Tax Titles Taken - 1961 Levy
667.04
Taxes - 1963 added to tax titles
1,036.35
113,972.56
$211,171.69
Add:
Excess - Lands of Low Value
$73.95
Highway Aid - State
32,423.04
Highway Aid - County
15,497.36
Tax Title Disclaimer
38.95
Additional Taxes not entering into
computation of 1963 tax levy
86.36
Petty Cash Advances prior to 1963
84.00
Estimated Receipts in excess of estimate
23,700.24
Appropriation Balances - Current year
31,603.41
Appropriation Balances - prior years
6,653.44
110,160.75
Balance - December 31, 1963
$321,332.44
Statutory Debt Limit
Real and Personal :
Valuation 1961 - net of abatements
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