Annual Reports of the Town of Seabrook, New Hampshire 1942
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Net Debt: Unredeemed and uncollected taxes are not reported in Schedule A prior to the year ended January 31, 1939. This is due to the fact that previously property acquired by the town through tax collector's deeds was in- cluded as "unredeemed taxes", thereby making it impos- sible to obtain accurate and comparable figures. However between January 31, 1939 and January 31, 1941, a decrease in Net Debt from $13,211.49 to $4,880.41 is noted. A detailed statement of comparative property valua- ti...ons over a ten year period will be found in Schedule B. Revenues, Appropriations and Expenditures, 1940: (Schedules C and C-1) An analysis of revenues, estimated and actual, and appropriations and expenditures for the year 1940, is presented in detail in these schedules. A net excess of actual over estimated revenues of $1,027.21, and a net overdraft of appropriations of $140.39, resulted in a net budget surplus of $886.82. Bonded Debt and Annual Maturities: (Schedule D) Outstanding bonds as of January 31, 1941, amounted to $12,000.
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