 |
Page 22: |
|
| 407 |
In my opinion the accompanying statements, covering the Institution,
Kindergarten and Howe Memorial Press Fund, present fairly their financial position
at August 31, 1946 and the results from operations for the year ended that date.
|
|
| 408 |
Respectfully submitted,
|
|
| 409 |
JOHN MONTGOMERY,
Certified Public Accountant |
|
| 410 |
INSTITUTION DEPARTMENT
|
|
| 411 |
BALANCE SHEET, AUGUST 31, 1946
|
|
| 412 |
Assets
|
|
| 413 |
Plant:
|
|
| 414 |
| Real Estate, Watertown | $ 773,423.90 |
| Real Estate, South Boston | 91,000.00 |
| $ 864,423.90 |
|
|
| 415 |
Equipment:
|
|
| 416 |
| Tools, etc. | $ 6,426.92 |
| Furniture and Household | 10,982.42 |
| Music Department | 27,177.00 |
| Library Department | 129,552.27 |
| Works Department | 16,280.06 |
| 190,418.67 |
|
|
| 417 |
Investments:
|
|
| 418 |
| Securities, book value | $2,722,839.04 |
| Securities -- Varnum Fund, book value | 192,2,60.78 |
| Mortgages Receivable | 1,050.00 |
| 2,916,14932 |
| Inventory of provisions and supplies | 8,898.73 |
| Accounts Receivable | 1,039.84 |
| Cash | 135,313.86 |
| Total | $4,116,244.42 |
|
|
| 419 |
Liabilities
|
|
| 420 |
| General Account | $ 2,608,333.68 |
|
|
| 421 |
Funds and Legacies:
|
|
| 422 |
| General . | $2,608,333.68 |
| Permanent | 636,121.77 |
| Special | 301,228.29 |
| 3,545,683.74 |
| Unexpended Income, special funds | 18,956.78 |
| Accounts Payable | 8,365.75 |
| Vouchers Payable | 3,267.79 |
| Withholding Tax | 520.52 |
| Reserve for Deferred Maintenance | $ 11,000.00 |
| Reserve for Depreciation of Buildings | 455,178.14 |
| Reserve for Depreciation of Organs | 2,994.60 |
| 469,172.74 |
| Total | $4,116,244.48 |
|
|
| 423 |
TREASURER'S CONDENSED INCOME ACCOUNT
YEAR ENDED AUGUST 31, 1946
|
|
| 424 |
| Interest and dividends, general purposes | $116,048.87 |
| Interest from special funds | 11,413.65 |
| Interest and dividends, Varnum Fund | 10,660.62 |
| $138,123.14 |
| Add: Donations | 600.00 |
| Annuities | 571.16 |
| Tuition and board, Massachusetts | $ 35,860.00 |
| Tuition and board, others | 31,385.00 |
| 67,245.00 |
| Total | $206,539.30 |
| Less: Rent, net loss | $ 460.74 |
| Special fund income to special fund accounts | 11,413.65 |
| 11,874.39 |
| Net income available for general purposes | $194,664.91 |
|
|
| 425 |
Expenses:
|
|
| 426 |
| Pensions | $ 8,761.70 |
| Treasurer's miscellaneous expenses | 2,877.90 |
| Depreciation and expense, 133 Newbury Street | 84.48 |
| Fire insurance premiums | 529.91 |
| Net charge to Director (see detailed statement) | 200,534.38 |
| 212,788.37 |
| Expenses in excess of income | $ 18,123.46 |
|
|
| 427 |
DIRECTOR'S EXPENSE ACCOUNT
|
|
| 428 |
Institution and Kindergarten Combined
|
|
| 429 |
YEAR ENDED AUGUST 31, 1946
|
|
| 430 |
Administration:
|
|
| 431 |
| Salaries | $ 22,519.67 |
| Supplies | 3,570.25 |
| Telephone and telegraph | 2,529.58 |
| Publicity | 698.50 |
| $ 29,318.00 |
|
|
| 432 |
Special Departments:
|
|
| 433 |
| Library salaries | $ 5,585.66 |
| Library supplies | 546.93 |
| | $ 6,132.59 |
| Health salaries | $ 5,233.03 |
| Health supplies | 1,579.99 |
| | 6,813.02 |
| Hospitalization | 927.71 |
| Personnel salaries | $ 9,887.49 |
| Personnel supplies | 396.60 | |
| | 10,284.09 |
| | 24,157.41 |
|
|
| 434 |
Education:
|
|
| 435 |
| Literary salaries | $52,238.53 |
| Literary supplies | 2,742.30 | | 54,980.83 |
| Manual training salaries | $12,681.25 |
| Manual training supplies | 692.66 |
| 13,373.91 |
| Music salaries | $12,549.01 |
| Music supplies | 464.46 |
| 13,013.47 |
| Depreciation Music Department | 452.80 |
| Deaf-blind salaries | $10,988.36 |
| Deaf-blind supplies | 97.37 |
| | 11,085.73 |
| | $ 92,906.74 |
|
|
| 436 |
Household:
|
|
| 437 |
| Salaries | $ 47,955.48 |
| Food | 47,346.88 |
| Furnishings and supplies | 6,556.38 |
| Laundry salaries | 5,062.52 |
| Laundry supplies | 552.25 |
| Depreciation on furnishings and household equipment | 1,370.38 |
| | 108,843.89 |
|
|
| 438 |
Maintenance:
|
|
| 439 |
| Engineers' salaries | $ 22,464.70 |
| Light, heat, power, repairs and supplies | 39,604.58 |
| 62,069.28 |
|
|
| 440 |
| Building salaries | $13,679.91 |
| Building supplies and repairs | 9,065.01 |
| | 22,744.92 |
|
|
| 441 |
| Ground salaries | $10,406.57 |
| Grounds supplies | 1,160.86 |
| 11,567.43 |
|
|
| 442 |
| Depreciation on buildings, Watertown | 26,202.12 |
| Depreciation on tools and equipment | 1,340.81 |
| 123,924.56. |
|
|
| 443 |
Other Expenses:
|
|
| 444 |
| Automobile | $ 2,056.27 |
| Liability and automobile insurance | 2,074.60 |
| Pension retirement plan | $13,987.90 |
| Less: Contributed by employees | 4,069.75 |
| 9,918.15 |
| Loss on bad debts | 189.67 |
| Tuning Department | 4,002.06 |
| Net loss: Works Department | 640.83 |
| $ 18,881.68 |
| Less: Credits: | |
| Discounts | $ 354.07 |
| Tuning income | 4,955.96 |
| Miscellaneous | 447.19 |
| 5,757.22 |
| | 13,124.96 |
|
|
| 445 |
| Net charge to Director | $394,874.96 |
| Amount applicable to Institution Department | $200,534.38 |
| Amount applicable to Kindergarten Department | 191,740.58 |
| $392,874.96 |
|
|
| 446 |
SPECIAL FUNDS INCOME ACCOUNT
|
|
| 447 |
| Balance, September 1, 1945 | $ 17,883.65 |
| Add: Income 1945-1946 | 11,413.65 |
| Total | $ 29,297.30 |
| Distributed | 10,340.52 |
| Uexpended income, August 31, 1946 | $ 18,956.78 |
|
|
| 448 |
WORKS DEPARTMENT
|
|
| 449 |
BALANCE SHEET, AUGUST 31, 1946 |
|
| 450 |
Assets |
|
| 451 |
| Cash $ | 590.66 |
| Accounts receivable | 4,790.06 |
| Merchandise inventory | 6,125.49 |
| Machinery and tools | 2,460.41 |
| Furniture and fixtures | 2,207.10 |
| Auto trucks | 106.34 |
| Total | $ 16,280.06 |
|
|
| 452 |
Liabilities
|
|
| 453 |
| Main office | $ 16,920.89 |
| Less: net loss | 640.83 |
| $ 16,280.06 |
|
|
| 454 |
Income
|
|
| 455 |
|
|
| 456 |
Expenses
|
|
| 457 |
| Materials used | $ 16,366.33 |
| Salaries and wages | 36,237.47 |
| General expense | 4,215.77 |
| Auto trucks expense | 945.25 |
| Depreciation | 575.30 |
| Loss on bad debts | 62.25 |
| 58,402.37 |
| Loss | $ 942.35 |
| Less: Bad debts recovered | $ 22.45 |
| Miscellaneous income | 279.07 |
| 301.52 |
| Net loss for the year | $ 640.83 |
|
