1978352
.07'1
.B224af
1978
CITY OF BANGOR, MAINE
CA F9 1019- "'a
Financial Statements
and Other Financial Information
For The Year Ended December 31,1978
THEODORE C. JELLISON
Finance Director
� L17'
CITY OF BANGOR, MAINE
Annual Financial Report
Year ended December 31, 1975
TABLE OF CONTENTS
Exhibit Part I - IZ'.-roductory Section
Letter of Tra.nsmitta'.
Auditors' Report
Part II - Financial Section
Combined Overview Financial Statements
AA Combined Balance Sheet - All Funds and
Account Groups
BB Combined Statements of Changes in Fund Balances/
Retained Earnings - All Funds
CC Combined Statement of Revenues, Expenditures and
Encumbrances - General, Special Revenue, Capital
Projects, and Trust Funds
DD Combined Statement of Revenues and Expenses,
Enterprise Funds
EE Combined. Statement of Changes in Financial
Position - Enterprise Funds
FF Combined Statement of Cash Receipts, Disbursements
and Bank Balances - All Funds .
GG Combined Statement of Taxes Receivable and Tax
Liens
HH Combined Statement of Investments
II Combined Statement of Interfund Accounts
Basic Financial Statements
General Fund
A-1 Balance Sheet
A-2 Statement of Changes in•Fund Balance
A-3 Statement of Revenues, Expenditures and
Encumbrances - Budget and Actual
Special Revenue Funds
B-1 Combining Balance Sheet
B-2 Federal Revenue Sharing Fund:
Statement of Revenues, Transfers and Changes
in Fund Balance - Budget and Actual
B-3 Community Development Block Grant:
Statement of Revenues, Expenditures and
Changes in Fund Balance - Authorization
and Actual
Page
1-6
7
8-9
10
11
12
13
14
15
16
17
18
19
20-22
23
24
25
(continued)
CITY OF BANGOR, MAINE
Annual Financial Report
Year ended December 31, 1978
TABLE OF CONTENTS, CONTINUED
Exhibit Part II Financial Section, Continued
Capital Projects Fund
C-1 Balance Sheet
C-2 Statement of Changes in Fund Balances
C-3 Combining Cumulative Statements of Revenues,
Expenditures, Encumbrances and
Appropriated Fund Balances
C-4 Combining Statement of Cumulative Revenues
C-5 Combining Statement of Cumulative
Expenditures -and Encumbrances
Page
26
27
28-30
31-33
34-36
Trust and Agency Funds
E-1 Combining Balance Sheet
Trust Funds:
E-2 Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
E-3 Agency Funds - Amounts Held for Others
F-1
F-2
G-1
G-2
Table
1
2
3
4
5
General Fixed Assets
Statement of General Fixed Assets
Statement of Changes in General Fixed Assets
General Long-term Debt
Statement of General Long-term Debt
Statement of General Long-term Debt Payable
Notes to Financial Statements
Part III Supplementary Data & Statistical Tables
Assessed Valuation, Commitment and Collections
General Fund Expenditures by Function - Last
Ten Calendar Years
General Fund Revenues by Source - Last Ten Calendar
Years
Property Tax Valuations, Levies and Collections - Last
Ten Calendar Years
Local Assessed Valuations - Last Ten Calendar Years
(continued)
41
42
43
44
45
46
47
49-52
53
54
55
56
57
Enterprise Funds
D-1
Combining
Balance Sheet
37
D-2
Combining
Statement of Changes in Retained Earning
38
D-3
Combining
Statement of Operations
D-4
Combining
Statement of Changes in Financial Position
439
0
Trust and Agency Funds
E-1 Combining Balance Sheet
Trust Funds:
E-2 Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
E-3 Agency Funds - Amounts Held for Others
F-1
F-2
G-1
G-2
Table
1
2
3
4
5
General Fixed Assets
Statement of General Fixed Assets
Statement of Changes in General Fixed Assets
General Long-term Debt
Statement of General Long-term Debt
Statement of General Long-term Debt Payable
Notes to Financial Statements
Part III Supplementary Data & Statistical Tables
Assessed Valuation, Commitment and Collections
General Fund Expenditures by Function - Last
Ten Calendar Years
General Fund Revenues by Source - Last Ten Calendar
Years
Property Tax Valuations, Levies and Collections - Last
Ten Calendar Years
Local Assessed Valuations - Last Ten Calendar Years
(continued)
41
42
43
44
45
46
47
49-52
53
54
55
56
57
Table
6
7
10
CITY OF BANGOR, MAINE
Annual Financial Report
Year Ended. December 31, 1978
TABLE OF CONTENTS, CONTINUED
Part III Supplementary Data & Statistical Tables. Cont'd.
Legal Debt Margin, Authorized and Overlapping Debt
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Fund.
Expenditures - Last Ten Calendar Years
Debt Service Requirements to Maturity - General
Obligation Bonds
Ratio of General Bonded Debt to Assessed Value and
General Bonded Debt per Capita - Last Ten Calendar
Years
Miscellaneous Statistical Data
Page
5,9
59
60
1
Bangor, the center of Maine—the Gateuay to Maine's North Woods and Seashore Resorts
THEODORE C. JELLISON
Finance Director
Mr. John W. Flynn
City Manager
Bangor, Maine 04401
(aff*g D# Pi %ars fflaim
March 26, 1979
Dear Mr. Flynn:
The Annual Financial Report of the City of Bangor, Maine for
the fiscal year ended December 31, 1978 is herewith submitted.
Basis of Accounting and Control
The modified accrual basis of accounting, under which expend-
itures, other than interest on long-term debt, are recorded when the
liability is incurred and revenues are recorded when received in
cash unless susceptible to accrual is followed by the General Fund,
Capital Projects Fund and the Special Revenue Funds. The accrual basis
is utilized (with minor exceptions) by all other funds.
Budgetary control is provided by line item budgeting and a
formal encumbrance system in which appropriations are encumbered
for purchase orders and contracts prior to actual cash expenditures.
General Fund Activity
Total General Fund revenuesdecreased by $913,231 (4.67°0 due
principally to a reduction in the amount of Real and Personal
Property Taxes required. In 1978 the City underwent a complete
-1-
revaluation of all properties in order that a full market valuation
might be reached. This valuation resulted in a total property
assessment for 1978 of $402,443,210.compared to $207,516,620 in
1977. This fact together with very tight budgeting resulted in a.
tax decrease from 1977's rate of $44.20 per thousand to 1978's rate
of $21.00 per thousand.
The amount of revenue from various sources and the increases
(decreases) over last year are shown in the following table:
Source
Taxes
Licenses
Intergovernmental
Charges for Services
Fines & Penalties
Use of Money & Property
Reimbursements
A concerted effort is underway this year to identify areas where
new revenues might be found and a close review of our existing charge
structure and the need to update that schedule is also in process.
Current tax collections were 93.6% of the 1978 tax levy at
December 31, 1978, down .7% from the preceding year.
General Fund expenditures totaled $20,061,387 in 1978, an
increase of $1,305,157 (6.96%) over 1977. Expenditures by major
function and changes from the preceding year are shown in the
following table.
-2-
Inc. (Dec.)
Amount
% of Total
Over 1977
$ 9,442,267
50.6%
$(688,897)
148,985
.8
( 24,588)
7,224,565
38.8
(119,197)
957,630
5.1
116,568
70,339
.4
( 11,970)
587,073
3.1
(109,774)
215,842
1.2
( 75,373)
$18,646,701
100.0%
$ 913,231
A concerted effort is underway this year to identify areas where
new revenues might be found and a close review of our existing charge
structure and the need to update that schedule is also in process.
Current tax collections were 93.6% of the 1978 tax levy at
December 31, 1978, down .7% from the preceding year.
General Fund expenditures totaled $20,061,387 in 1978, an
increase of $1,305,157 (6.96%) over 1977. Expenditures by major
function and changes from the preceding year are shown in the
following table.
-2-
Education
-- Public Services
Public Safety
Health Welfare and
Recreation
General Government
Debt Service
Other
Public Library
County Tax
Pensions
Amount
$ 8,835,493
3,319,288
3,133,1'11
1,879,352
1,059,946
898,134
366,289
250,249
223,380
96,145
$20,061,387
of Total
Inc. (Dec.)
Over 1977
44.1/ $ 6817284
16.5 420,658
15.6 595,471
9.4
369,372
5.3
104,766
4..5
( 74,440)
1.8
( 7,174)
1.2
18,064
1.1
16,569
•5
(819,413)
100.0% $1,305,1_57
The reflected reduction in Pensions is due to a reallocation
of such costs among the various operating units in 1978.
A. general wage adjustment of 7'0 was approved and implemented
for all non-union employees in 1978. Union workers received
approximately the same increase as did non-union workers.
The General Fund cash balance of $2,494,826 contributes to a
cash surplus at December 31, 1978 of $902,437 compared to 1977's
cash surplus of $1,744,683. Such amounts have and will be included
as surplus utilization in the 1978 and 1979 budgets respectively.
Debt Administration
Outstanding general obligation bonds at year-end totalled
$13,184,000 of which $2,857,761 is supported by Sewer user fees and
$1,161,128 is supported by Airport revenues. The remainder of
$9,165,111 is net City debt to be paid from General Fund revenues.
During 1978, the City retired $1,059,000 in outstanding bonds
while issuing $3,260,000 in new bonds. This represents the first
permanent bonding for the City since 1975. The City of Bangor's
-3-
bonds continue to maintain their Moody's Investors Service Aa
rating and efforts to improve that rating continue.
Special Revenue Fund
During the last few years the City ha.s established many funds
to account for revenues derived from specific revenue sources to
finance particular activities of our government. The most
significant of these are General Revenue Sharing and the Community
Development Program.
The City received $1,246,752 in revenue sharing entitlements
during 1978 and spent most of it on General Fund operations. Revenue
sharing funds have been used exclusively to stabilize our tax rate
since the program started.
In 1978 the City received a block grant of $1.2 million under
the Housing and Community Development Act of 1974. The grant was
received to replace, repair and revitalize areas of the City which
do not meet current building codes or are considered blighted.
Capital Projects Fund
The proceeds of the general obligation bonds issued for major
new capital facilities are accounted for in this fund until the
projects are completed. During 1978, project costs of $2,504,086
were expended from the Capital Projects Fund leaving a fund balance
at December 31, 1978 of $1,429,520.
During 1978 two major building projects financed by the
Department of Commerce's Economic Development Administration were
all but finally completed. The first, a much needed addition, is
the new Public Works p.dministration Building completed at a cost
-4-
I
1-;
�- of $477,522; the second, a new Convention and Civic Center
adjacent to the Bangor Municipal Auditorium was mostly finished
at a cost of $1,688,487. Both are welcome additions to a fast
growing regional center such as Bangor, Maine.
Enterprise Funds
The Enterprise Funds completed fiscal year 1978 with a com-
bined profit of $1,125,138 compared with the 1977 profit of
$1,200,412. The Airport continued its profit-making capability
in 1978 after what seemed an unbelievable year of 1977. The
Sewer Utility Fund is continuing its strong financial picture
while the Hospital is struggling to establish a pattern of in-
dependence from the General Fund.
The following table shows the results of 1973 for the Enter-
prise Funds:
Total
Operating Revenues $6,032,660
Operating Expenses 4,668,529
Operating Income (loss) 1,414,131
Depreciation
(Chargeable)
Interest Expense
Interest Earned
Transfers
Net Profit (loss)
Sewer Airport
$741,523 $4,525,360
316,417 3,469, 316
425,106 1,036,044
(216,723) (77,799)
(253,616) (142,473)
132,517'% 119,622
50 , 8 7r
$1 ,125,'38 $324,456
(139,864)
(107,533)
12,691
$ 801,538
Hospital
1615 , 777
862,796
(47,019)
(1,060)
(3,610)
50,833
$
(8 56)
General Fixed Assets
General fixed assets have been acquired for general governmental
purposes. Assets purchased are recorded as expenditures in the
General Fund or Capital Projects Fund and capitalized at cost in the
-5-
General Fixed Asset Group of Accounts. In the case of contributions
or property acquired prior to 1961, such assets are recorded at fair
market value as of time of receipt or 1960 respectively. Motor
vehicle equipment, furniture and fixtures have not been capitalized
by the City. No depreciation has been provided on general fixed
assets.
Property, plant and equipment owned by the various enterprise
funds is stated at cost except for certain assets contributed by
others which are stated at fair market value as of various
valuation dates. Depreciation has been provided over the estimated
useful lives using the straight-line method.
Independent Audit
The City Charter requires that an independent audit be con-
ducted of the books of accounts and transactions of the City
annually. The annual audit was conducted for the third straight
year by the firm of Peat, Marwick, Mitchell & Co. Their opinion
is included with the accompanying report.
TCJ:jdr
Respectfully submitted,
Theodore C.Lison
Finance Direc r
M
PEAT, MARWICK, MITCHELL & CO.
CERTIFIED PUBLIC ACCOUNTANTS
P. O. BOX 507
TWO CANAL PLAZA
PORTLAND, MAINE 04112
The Honorable Chairman and
Members of the City Council
City of Bangor, Maine:
We have examined the financial statements of the various funds and
account groups of the City of Bangor, Maine for the year ended December 31,
1978 included on pages 18 through 47 in the accompanying annual financial
report. Our examination was made in accordance with generally accepted
auditing standards, and accordingly included such tests of the accounting
records and such other auditing procedures as we considered necessary in
the circumstances.
In our opinion, the aforementioned financial statements present fairly
the financial position of the various funds and account groups of the
City of Bangor, Maine at December 31, 1978, and the results of operations
of such funds and the changes in financial position of the enterprise
funds for the year then ended, in conformity with generally accepted
accounting principles applied on a basis consistent with that of the
preceding year.
March 6, 1979
WA
COMBINED OVERVIEW FI
STATEMENTS
NANCIAL
The combined statements are intended to provide,a financial overview
of municipal operations. These reports are at a summary level and include
that data needed to control and analyze current operations and to assist in
the financial planning process.
Exhibit AA
CITY CF BANGOR MAINE
Combined Balance heet -All runds and Account Groups
Lecember 31, 1978
Total
Special
C-pit91
Trust and
General
General
(Memorandum
General
Revenue
i-rojecus
Enterprise
Agency
Fixed
Long-term
Assets and Cther Debits only)
Fund
Funds
Fund
Funds
Funds
assets
Debt'
Cash 5 5,8S'8,396
2,494,826
( •1,931)
2,49?,:?4
618,097
359,830
Investments 414,025
414,025
Receivables (net where
applicable, of allowances for
estimated uncollectible accounts):
Accounts receivable 2,065,928
454,910
449,794
+67,952
630,242
'3,000
Taxes, including interest,
penalties and liens 676,794
676,794
Special assessments 349,942
349,942
Notes 50,272
50,272
True from other funds 113,000
113,000
Inventories 622,317
579,524
42,793
Prepaid expenses 17,839
15,108
2,731
Advances to other funds 300,000
300,000
Property, plant and equipment (net
of accumulated depreciation) 161,945,591
128,975,663
32,969,928
Amount to be provided for retirement
of bonds and notes 13,238,712
13,238,712
Deposits 1,006,732
1,006,732
Other assets 1,180,525
2,278
1,178,247
$ 187,870,073
4,336,440
367,363
L15,499
132,554,777
766,855
32,969,928
13,238,712
CITY CF BANGCR, MAINE
C::mbined Balance �.:heet - 111.1 Funds and Account Groups, Continued
Liabilities
Accounts payable
Amounts held by agency
funds for others
Due to other funds
Advances from other funds
Advances from other agencies
Current installments - general
obligation bonds
General obligation bonds and
notes payable
Total liabilities
Encumbrances outstanding
Reserves, Contributions
and Fund Balances/
Retained Earnings
Reserves for:
Advances to other funds
Contributions - general
obligation bonds City
of Bangor
Contributions - property,
plant and equipment
Other governments
City of Bangor
Customers
Fund balances/retained
earnings:
Investment in general
fixea assets
Fluid balances
Retained earnings
I
Total
(Memorandum
only)
1,073,837
272,449
300,000
52,924
346,180
'3.238.7"2
15,397,101
190,706
300,000
3,672,710
117,255,774
6,418,969
244,614
General
Fund
202,730
52,924
255,663
190,706
Z7-,
Capital
Trust and
Revenue
Projects
Enterprise
Agency
Funds
Mand
Funds
Funds
2�',6;Z4
667,299
175,165
272,448
3,000
';V)0' 000
346,190
26,634 667,299
300,000
32,969,928
7,39",906 3,390,07 339,229 2,64q, 199
4,028,365
5 187,870,073 4,336,440 3,615,49�
934,345 272,448
3,672,710
117,255,774
6,418,969
244,614
514,407
4,028,365
"32,554,?77 786,855
Exhibit AA Con't.
General General
Fixed Long-term
Assets Debt
"3,238,7^2
13,238,712
32,969,928
32,969,928 13,238,712
CITY OF BANGOR, MAINE
Combined :statement of Changes in Fund Balances/Retained Earnings -
All Finds
Year ended December
Balances Jahaury 1, 1978
Add:
Excess of revenues (and transfers) over
expenditures (and encumbrances) for the year
Net additions to replacement reserves
Depreciation and amortization on assets
acquired by contributions
Deduct:
Net loss
Utilization of prior years' surplus
Balance December 31, 1978
Exhibit BB
-pecial
Capital
Trust
General Revenue
Projects Enterprise
& Agency
Fund Fund s
Fund Funds
rinds
6 5,029,526 304,697
1,955,050 2,903,227
486,687
329,997 .34,532 793,149 27,520
275,231
'1,630,391
605,228 34,532 793,149 1,630,391 27,520
1,7144,683 505,253
$ 3,890,071 339,229 2,648,199 4,028,365 514,407
Exhibit CC
CITY OF BANGOR, MAINE
Combined Statement of Revenues, Expenditures and Encumbrances -
Genera.l, Special Revenue, Capital Projects and Trust Funds
Year ended December 31, 1978
with comparative figures for year ended December 31, 1977
Revenues by Source and Fund
Taxes: General Fund
Bicenses,and permits: General Fund
Intergovernmental revenue:
General Fund
Special Revenue Funds
Capital Projects Fund
,Charges for services: General Fund
'Fines, forfeitures, and penalties:
Use of money and property: General
Reimbursements: General Fund
General Fund
Fund
Bond proceeds: Capital Project Fund
i'ransfer from reserves: Capital Projects Fund
Interest, gifts, and lot sales: Trust Funds
Total revenues
Expenditures and Encumbrances by
Function and Fund.
General Government: General Fund
Public Safety: General Fund
Health Welfare and recreation: General Fund
Public buildings and services: General Fund
Miscellaneous: General Fund
Other agencies: General Fund
Other appropriations: General Fund
Transfers: Special Revenue Funds
Specific purpose: Special Revenue Funds
Trust Funds
Capital Improvement: Capital Projects Fund
Total expenditures and encumbrances
Revenues over (under) expenditures
and encumbrances
-11-
1 8 1977
$ 95442,267 '� n , 31,'164
148,985 173,573
71224,565
7,343,762
2,503,668
21823,386
11025,975
2,226,714
957,630
841,062
70,339
82,309
587,073
696,847
215,842
291,2-15
1,820,000
-
535,180
320,926
43,852
39,193
24,575,376 24,970,151
1,059,946
955,180
3,133,111
2,537,640
1,879,352
1,509,980
3,319,283
2,398,630
1,038,973
1,930,338
9,309,122
8,593,205
321,595
331,257
1,212,220
1,260,000
1,256,916
1,563,386
16,332
18,219
2,504,086
3,357,887
25,050,941 24,955,722
$ (475,565) 14,420
Exhibit DD
CITY OF BANGOR, MAINE
Combined Statement of Revenues and Expenses - Enterprise Funds
Year ended December 31, 1978
with comparative figures for year ended December 31, 1977
Operating revenues
Operating expenses other
than depreciation
Operating income (loss)
before depreciation
Depreciation and Amortization,
on assets acquired with own funds
on assets acquired with contributions
Operating income (loss)
Non-operating Revenue (Expense):
Interest earned
Interest expense
Transfer from General Fund
Net non-operating Revenue (Expense)
Net income (loss)
-12-
1978
$ 6,082,660
4,668,529
1,414,131
218,723
1,630,391
( 434,983)
132,513
( 253,616)
50,833
( 70,270)
505,253)
� 977
5,404,394
3,821,492
1,582,902
180,768
1,594,573
( 192,439)
87,593
( 289,315)
( 201,722)
( 394,161)
Exhibit EE
CITY OF BANGOR, MAINE
Combined Statement of Changes in Financial Position - Enterprise Funds
Year ended December 31, 1978
with comparative figures for ,year ended December 31, 1977
1978 1977
Funds provided:
Net (loss) $ C 505,253) ( 394,161)
Items not requiring current outlay of funds -
depreciation and amortization 1,849,114 1,775,341
Total funds provided by operations 1,343,861 1,381,180
Contributions:
Customers
62,082
City of Bangor
( 38,399)
Federal, state, and other
220,691
1,500,968
Proceeds from general obligation bonds
363,118
-
Decrease in working capital
6,616
-
Deposits for capital projects
293,797
1,094 169
$ 2,290,165
3,937,918
Funds used:
Additions to fixed assets
1,238,145
2,771,459
Payments of general obligation bonds
346,180
325,525
Reduction of City contribution
77,658
-
Additions to deposits for construction
49,620
Increase in working capital
628,182
791,314
$ 2,290,165
3,937,918
Various elements of net increase (decrease)
in working capital
Cash
53,114
68,707
Accounts receivable
178,997
37,216
Advance to general fund
( 46,570)
( 33,183)
Inventory
15,590
( 10,869)
Prepaid expenses
2,814
( 3,035)
Accounts payable
( 91,020)
( 15,677)
Due to general fund
455,541
617,279
Customer deposits
10,563
24,877
Current installments - general
obligation bonds
( 2,500)
5,999
Advance from capital projects fund
81,845
100,000
$ 621,566
791,314.
-13-
C
CITY OF BANGOR, MAINE
Combined Statement of Cash Receipts
Disbursements, and Bank Balances - All Funds
Year ended December 31, 1978
General Fund
Special Revenue Funds
Capital Projects Fund
Enterprise Funds
Trust and Agency Fund
Total all funds
ank Balances:
Balance at
beginning
of ,year Receipts
$ 3,323,414 54,766,445
( 121,328 2,479,606
1,444,400 12,942,418
564,983 5,964,176
204,301 4,217,330
$ 5,415,770 80,369,975
Balance per banks
Less: outstanding checks
Plus: Deposits in transit
Petty cash
Total all funds
-14-
Disbursements
55,595,033
2,440,209
11,889,244
5,911,062
4,061,801
79,897,349
Exhibit FF
Balance at
end ofyear
2,494,826
( 81,931)
2,497,574
618,097
359,830
6,360,871
1,328,566
852,404
3,687
$ 5,888,396
CITY OF BANGOR, MAINE
Combined Statement of Taxes Receivable
and Tax Liens
December 31, 192.8
Taxes, by year of levy:
1974 and Prior
1975
1976
1977
1978
Total taxes receivable
wess estimated uncollectible taxes
Net taxes receivable
-15-
Exhibit GG
General Fund
Taxes Receivable Tax Liens
$ 7,473 $ 11919
10,304 2,810
81805 12,823
18,308 147,209
540,824
585,714
73,681
$ 512,033
164,761
$ 164,761
Exhibit HH
_
CITY OF BANGOR, MAINE
' Combined
�.v
Statement
of Investments
December 31 , '1978
F
L
Interest
Maturity
Par
Market
. Description
rates
dates
value
Cost
value
1
Trust and Agency Funds:
American Tel & Tel
4
3/8%
4/01/85
$ 5,000
4,903
3,894
Cleveland Electric
Illumination Co.
4
3/8%
4/01/94
5,000
4,906
2,900
' New York Telephone Co.
4
1/2010
5/15/91
5,000
4,888
3,356
- Pacific Tel & Tel Co.
4
3/8%
8/15/88
5,000
4,818
3,400
Philadelphia Electric Co.
4
3/8%
12/01/86
5,000
4,925
3,531
U.S. Treasury Bonds
3
1/496
6/15/83
50,000
44,250
40,344
U.S. Treasury Bonds
4
%
2/15/80
50,000
49,000
46,922
U.S. Treasury Bonds
7
%
5/15/98
100,000
93,765
82,438
U.S. Treasury Notes
7
5/8%
6/30/80
75,000
74,770
72,329
U.S. Treasury Notes
7
7/8%
5/15/86
85,000
85,000
78,731
U.S. Treasury Bills
8
1/2010
4/ 5/79
20,000
19,178
19,683
Time Deposits
5
1/4%
-
6,092
6,092
6,092
Notes Receivable
Various
Various
17,530
17,530
17,530
$ 428,622
414,025
81 1 0
IWO
CITY OF BANGOR, MAINE
Combined Statement of Interfund Accounts
December 31, 1978
G' --neral Fund:
Hospital Fund
ospital Fund:
General Fund
Total interfund accounts
Exhibit II
Due from Due to
other funds other funds
$ 113,000 -
-17-
113,000 113,000
Exhibits: A
GENERAL FUND
The general fund exists to account for the resources devoted to finance
the services traditionally associated with local government. Included in
these services are police and fire protection, sanitation, parks and recreation,
building safety and general administration of the City. Any other activity
for which a special fund has not been created is accounted for in the
general fund.
IF
Exhibit A-1
CITY OF BANGOR, MAINE
General Fund
Balance Sheet
December 31, 1978
with comparative figures for December 31, 1977
Assets
1978
1977
- Cash
$ 21494,826
3,323,414
Accounts receivable (less allowance for
137
estimated uncollectible accounts,
_ 1978 - $36,905, 1977 - $40,000)
454,910
319,344
Taxes receivable (less allowance for
-- estimated uncollectible taxes,
1978 - $73,681; 1977 -$49,738)
512,033
526,420
Tax liens receivable
164,761
197,465
Inventories (note 2)
579,524
605,855
Prepaid expenses
15,108
18,863
Due from Hospital Fund
113,000
108,541
Due from Airport Fund
-
460,000
Other assets
2,278
2,610
$ 4,336,440
5,562,512
Liabilities and Fund Balance
Liabilities:
Accounts payable
202,739
209,904
- Advances from other governmental agencies
52,924
71,749
Total liabilities
255,663
281,653
Encumbrances outstanding
190,706
251,333
Fund balance (Exhibit A-2)
Appropriated (note 3)
11133,033
1,072,773
Unappropriated
2,757,038
3,956,753
Total fund balance
3,890,071'
5,029,526
Contingent liability (note 10)
$ 4,336,440
5,562,512
See accompanying notes to financial statements.
- -18-
Exhibit A-2
I CITY OF BANGOR, MAINE
General Fund
Statement of Changes in Fund Balance
Year ended December 31, 1978
with comparative figures for ,year ended December 31, 1977
1978 1977
Unappropriated Appropriated Unappropriated Appropriatx3
-Fund balance,
beginning of year
Add :
Excess of revenues and
utilization of prior
years' surplus over
expenditures and
encumbrances
(Exhibit A.-3)
Net addition to re-
placement accounts for:
Automotive equipment
Bus service equipment
Self insurance
Fire equipment
Tax liens transferred to
City -owned property -
net of sales
-Deduct:
Utilization of prior
years' surplus
$ 3,956,753
329,997
1,717,653
ansfers:
Utilization of balances
carried forward. -
beginning of year 273,040
Balances carried forward. -
end of year (72,112)
School department
1,072,773
90,043
127,228
34,083
23,877
27,030
(273,040)
72,112
appropriated fund balance (12,987) 12,987
Fund balance,
end of year
(Exhibit A-1) 2,757,038 11133,033
.gee accompanying notes to financial statements.
-19-
3,338,151
1,141,115
277
337413
114,693
(273,040)
( 27,030)
3,956,753
616,824
133,318
105,623
31 , 63'
(114,693)
273,040
27,030
1,072,773
r
CITY OF BANGOR, MAINE
General Fund
Statement of Revenues, Expenditures and
Encumbrances - Budget and Actual
Year ended December 31, 1978
with comparative figures for year ended December 31, 1977
Revenues1978
u)� dget Actual
Taxer:
R,�al properLv tr,xe:, $
Personal. property taxes
Penalties and interest on delinquent taxes
Automobile excise taxes
Total taxes
License3 and permits:
Street use permits
Non -business licenses and permits
Busine:,s/professional licenses and permits
Other licen:;es and permits
Total licenses and permits
Intergovernmental revenue:
I'or business
i[)V,ntor,} tr,x
State re%,enue sharing
State grants
Federal revenue sharing
Federal grant3
Payments in lieu of taxes
Other
Tot.!] .intergovernmental revenue
Charges for
General government
Put'lic safet,-j
:3anitation
Ht;_ lth
School::
Cemeteries
Public buildings
Recreation
Total charges for services
Fines, forfeitures and penalties
Use of money and property:
Municipal auditorium fees
Municipal golf course fees
Interest on time deposits
Bus fares and revenues
Other
Total use of money and property
t, Reimbursement:::
General goverumrnt - miscellaneous
B,:ngor Urhnn Renewal Authority - planning
Parking and modernization
Welfare
Bangor Fair Corp.
Total. reimbursements
' Total revenues
?,?55, 7111
695,566
75,000
750,000
9,276,307
126,795
20,500
8,620
4,425
160 ,_3.40
529,409
633,305
3,566,929
1,260,000
212,117
50,000
1,042,671
7,294,431
25,090
42,504
11,000
810,832
17,200
8,800
26,600
942,026
87,200
149,900
86,550
100,000
224,629
16,420
400
7,500
75,219
181,200
264,319
18,602,122
-20-
7,77`.5,188
720,729
84,231
861,819
9,442,267
97,292
37,602
9,667
4,424
-148,985
755,765
621,768
3,553,-390
1,212,220
176,771
70,816
833.835
7 , 224 . ',t,r-
26,78E
48."210.9
300
12.267
8151423
19,233
10,'120
25.173
957.630
70.339
146,767
76,525
138,557
197,569
27.655
58?. 073
4F, 324
168,200
215.842
18,646.701
Exhibit; A-3
1977
Actual
8, 17Fi,894
1,0:)3,963
75,870
8%3.237
10,131,16.4
1?4.421
25,': 14
8,�4a
4.8'39
173.573
8'i6.701
5` .142
z,501.Z99
1292,687
,
189,60
z,.. =70
BoC. ��73
7r
84" ' G2
82.'v�j
120,=77
76, 0013
• l 4E. , 493
218. "2
;+2
�0.c575
"159,C90
291,21
19.559 - : 32
( c o n t i n ;:ed;
Exhibit A-3, Con't.
CITY OF BANGOR, MAITNE
General Fund
Statement of -Revenues, E_,cpend4 tures, and Encumbrances -
Budget and Actual, Continued
(continued)
1978
Authorization
1978 Actual
Expenditures
Balances
carried
ota
Balances carried
Actual
forward -beginning
Total
actual
fcrward-end
expenditures
of
year
Appropriation
Authorization Expenditures
Encumbrances expenditures
of ,year
1977
Expenditures and encumbrances:
General government:
Council
5,000
^^,996
22,996
17,897
17,897
6,294
Executive
258,622
258,622
247,194
2,266
240,460
206.765
City clerk
1-4,611
104,011
103,745
256
'04,001
84,6`3
Fi-ance
193,728
193,728
192,198
1,247
193,445
176,303
Registration of voters
33,191
33,191
33,155
33,155
27,113
Assessment
37,594
88,480
126,074
100,441
100,441
108,218
Legal
52,078
52,078
51,052
637
51,689
43.992
Personnel
52,303
52,303
48,270
30
48,300
4,000
41,567
Economic development,
research & planning
2,865
126,418
129,283
109,516
1,986
111,502
1,650
140,929
Insurance
80,974
24,150
105,124
84,950
84,950
42,735
Contributions to other
agencies
65,106
65,106
65,106
65,106
76,651
Total general
government
126,433
1,016,083
1,142,516
1,053,524
6,422
1,059,946
5,650
955,180
Public safety:
Police
1,543
1,325,805
1,327,348
1,313,850
4,120
1,317,970
1,075,970
Fire
13,620
1,679,300
1,692,920
'.673,138
7,012
11680,150
1,342,825
Code enforcement
141,451
141,451
"34,298
134,298
70
116,886
Civil defense
3,625
3,625
693
693
_
1,959
Total public safety
'15,163
3,150,191
3,165,344
3,'21,979
11,132
3,`33,111
70
2,537,640
Health, welfare and recreation:
Hospital. deficit
^
51,000
-'0,a
Health
9,438
8341247
843,685
783,x,88
39^
7%-.3,479
16,2Lt4
656,177
Ne'fare
3:2,3
312,375
272,102:
2-2,102
2°=.725
Parks and recreation
7,900
759.4 8
777,598
?.2,176
0,762
772,938
7c=.•^,278
Tota'_ health, .-!elfare
and recreation
27,57,8
? ,'2r'j
984,4,9
8-8, 9a
17,153
1,:�0.7,�2
C,24-+
1 c.^
(continued)
Exhibit A-3, Con't.
CITY OF BANGOR, MAINE
223,380
223,380
223,380
206,811
257,751
General Fund
248,814
1,435 250,249
232,185
101,606 8,812,127
8,913,733
+,atemer_t of Revenues, Expenditures, and Encumbrar_2es -
10 4 6 _ 8,835,493
49,148 8,154,209
101,606 9,293,258
9,394,864
Budget and Actual, Continued
106,891 9',309,122
49,148 8,593,205
89,027
89,027
1978 Authorization
89,027
1978 Actual
Expenditures
Ba arses carried
10,502
22,226
222,066
Total Balances carried
Actual
forward -beginning
iota].
311,093
311,093
actual forward -end
expenditures
of year Appropriation
authorization Expenditures
Encumbrances
expenditures of ,year
'1977
Expenditures and encumbrances, continued:
Public buildings and services:
Public buildings $ 72,773
72,773
72,207
72,207
66,052
Public services 2,500 2,629,119
2,631,619
2,519,911
6,672
2,526,583 1,000
2,311,031
Motor pocl 729,201
729,201
682,365
38,133
720,498
521,547
Total public buildings
and services 2,500 3,431,093
3,433,593
3,274,483
44,805
3,319,288 1,000
2,898,630
Miscellaneous:
Pensions and other
fringe benefits
Contingency
Debt service
Total miscellaneous
Other agencies:
Taxes paid to county
Public library
Education
Total other agencies
Other appropriations:
Overlay (allowance for
uncollectible taxes)
Bad debt expense
Recreation district tax
105,500 105,500 96,145
106,251 106,251 44,694
949,196 949,196 898,134
1,160,947 1,160,947 1,038,973
96,145
44,694
898,134
1,038,973
915, 558
42,206
972,574
1,930,338
223,380
223,380
223,380
223,380
206,811
257,751
257,751
248,814
1,435 250,249
232,185
101,606 8,812,127
8,913,733
8,730,037
10 4 6 _ 8,835,493
49,148 8,154,209
101,606 9,293,258
9,394,864
9,202,231
106,891 9',309,122
49,148 8,593,205
89,027
89,027
89,027
89,027
64,963
10,502
10,502
22,226
222,066
222,066
222,066
222,066
244,068
311,093
311,093
321,595
32^,595
331,257
Total expenditures
and encumbrances $273,040 20,319,775
Utilization of
prior years' surplus (1,717,653)
Excess of revenues and
utilization of
prior ;/ears' ;;ur.plus over
expenditures ;and encumbrances
i
(Exhibit A-2) $ -
N
ti
See accompanying notes to financial statements.
20,592,815 19,880,984 180,403 20,061,387
(1,744,683)
329,997
72,112 -18,756,230
( 337,413)
B
Exhibits
SPECIAL. R'EVENU,E FUNDS.
A Special Revenue Fund is established to finance particular activities
and is created out of revenues derived from specific sources which are
restricted by law or policy. Both the Federal Revenue Sharing and the
Community Development Block Grant Funds are used to account for
monies allocated under those federal programs. Use of these monies is
restricted by applicable federal regulations.
CITY OF BANGOR, MAINE
Special Revenue Funds
Combining Balance Sheet
December 31, 1978
Assets Total
Cash $ (81,931)
Accounts Receivable 449,794_
367,863_
Liabilities and Fund Balances
Liabilities:
Accounts payable 28,634
Fund balances
(Exhibit B-2 and B-3) 339,229
367,863
Exhibit B-1
Federal
Community
Revenue
Development
Sharing
Block Grant
1,642
C 83,573)
337,587
112,207
339,22928,634
28,634
339,229 -
339,229 28,634
See accompanying notes to financial statements.
-23-
CITY OF BANGOR, MAINE
Federal Revenue Sharing Fund
Statement of Revenues, Transfers
and Changes in Fund Balance - Budget and Actual
Year ended December 31, 1978
Budget
Fund balance at beginning of year $ -
Add:
Entitlements 11260,000
Do -duct:
Transfer to General Fund 1,260,000
Fund balance at end of year (Exhibit B-1) $ -
iSee t:ccompanying notes to financial statements.
-24-
Exhibit B-2
Actual
304,697
1,246,752
1,212,220
339,229
Exhibit B-3
CITY OF BANGOR, MAINE
Community Development Block Grant Fund
Statement of Revenues, Expenditures and
Changes in Fund Balance - Authorization and Actual
Year ended December 31, 1978
Fund balance, Janaury 1, 1978
Add:
Entitlements
Program Income
Deduct:
Expenditures:
Acquisition of real property
Public works facilities site improvements
Code enforcement
Clearance, demolition, rehabilitation
Rehabilitation loans and grants
Special projects for elderly and handicapped
Disposition of real property
Completion of urban renewal, NDP projects
Relocation payments and assistance
Planning and management development
Administration
Contingencies
Fund balance, December 31, 1978 (Exhibit B-1)
See accompanying notes to financial statements.
-25-
Authorization
2,562,578
19,000
2,581,578
536,921
576,000
38,012
168,590
178,706
18,842
18,750
108,418
410,063
65,687
312,102
149,487
2,561,578
it
Actual
1,245,097
11,819
1,256,916
451,120
203,919
26,181
49,617
34,869
591
849
76,456
226,952
43,929
142,411
1,256,916
Capital projects . funds are designed to account for the resources
expended to acquire assets of a relatively permanent nature. These funds
evolved from the need for special accounting for bond proceeds, grants and
contributions for the acquisition of capital assets.
Capital projects funds provide a formal mechanism which enables
administrators to ensure that revenues dedicated to a certain purpose are
used only for that purpose and further enables them. to report to creditors,
and other grantors of capital projects fund revenue, that their requirements
regarding the use of the revenue were fully satisfied.
Exhibit C-1
Ir--
CITY OF BANGOR, MAINE
Capital Projects Fund
Balance Sheet
December 31, 1978
with comparative figures for December 31, 1977
Assets
1978
1977
Cash
$ 2,497,574
11444,390
- Accounts
receivable
21,031
126,950
Accrued
reimbursements receivable
446,951
11169,714
- Due from
International Arrivals Building
Fund -
44,610
Deferred
special assessments receivable:
Sewer
construction
182,830
202,074
- Street
construction
167,112
209,213
Advances
to airport fund
300,000
400,000
$ 3,615,498 3,596,951
Liabilities, Reserves, and Fund Balances
Accounts payable and encumbrances outstanding 667,299 1,341,901
Reserve for:
Advance to Airport Fund 300,000 400,000
Fund balance: (Exhibit C-2)
Unappropriated - (note 4)
Future construction - General Fund 230,988 207,004
Future construction - Sewer Utility Fund 623,137 461,912
Future construction - Airport Fund 14,612 57,006
Deferred special assessments 349,942 411,287
Appropriated (Exhibit C-3) 11429,520 717,841
$ 5,615_,498 3,596,951
See accompanying notes to financial statements.
-26-
Exhibit C-2
CITY OF BANGOR, MAINE
Ca ital Projects Fund
Statement of Changes in Fund Balances
Year ended December 31, 1978
Unappropriated Fund Balances
Future Construction
Sewer Deferred Appropriated
General Airport Utility special Fund
Fluid Fund Fund Assessments Balance
Fund balances, beginning of year $ 207,004 57,006 461,912 411,287 717,841
Add:
Excess of revenues (and transfers)
over expenditures (and encumbrances)
for the year
Interest income 56,775 2,772 101,635
6pecial assessment 59,856 86,242
revenue
Funds returned on closed or
completed projects 117,036 ( 2,529) 50,8'13
Payment on airport fund advance 100,000
Revenue transferred in from
related fund 7,000 147,628
240,662 147,871 338,760
Deduct:
Funds appropriated for
new projects
Leferred special assessments
Lebt. service - interfund
note (note 9)
Nonbudgetary expenses
"und balances, end of year
(Exhibit C _1 )
169,080 190,000 176,100
46,570
1,033 265 1,435
216,683 190,265 1 7 535
$ 21Q,388 14,612 623,137
-27-
-ee P,,comnanying notes to financial statements.
377,069
(
'165,3900
711,679
61,345
61,345
�4942 -1,429,520
Gxm t) i t C-3
i CITY OF BANGOR, MAINE
Capital Projects Fund
Combining Cumulative Statement of Revenues, Expenditures, EncumbranceC
and Appropriated Fund'Balances
Year ended December 31, 1978
Project
- General Fund
Buildings
City Hall -Permanent
Improvements
New Fire Station
Municipal Auditorium
Improvements
Public; Works Building
Lard
New Fire Stt;tion Site
Streets
Cumulative
Project Cumulative expenditures Appropriated
authorization revenues and encumbrance.:; fund balance
(Memorandum only) (Exhibit C-4) (Exhibit C-5) December 31, 1978
$ 120,400
1,160,000
127,614
477,000
350,000
Airport Industrial Park
190,000
Goodsoe Road Construction
771798
Mildred Avenue Street Con-
struction
15,000
State Aid Construction -
Undesignated
270,312
Judson Heights, Part B
84,143
Glenwood Subdivision Phase I
115,000
Hammond Street Paving
12,400
Broadway Improvements - State
78,240
Illinois Avenue - State
14,240
Hildreth Street
85,000
North Park Street
90,000
Hnncock Street Extension
250,000
5trcet Reconstruction
200,000
Judson heights Subdivision
154,000
Glenwood Subdivision, Phase II
55,000
Woodlawn Subdivision
159,540
Broadway Improvements
250,000
College Park
25,600
Sidewalk
:.sidewalk Improvements
88,500
Electrical
Forest Avenue Lighting
2,000
Main & Union Streets
Traffic Lights
8,000
6tate :;treet Lighting
22,900
Traffic Control System
68,129
Husson Avenue Lighting
2,100
Garland Street Lighting
70,0b0
120,400
1,160,000
127,614
477,000
190,000
??,?98
78,240
14,240
85,000
90,000
250,000
200,000
154,000
55,000
159,540
250,000
25,600
88,500
2,000
8,000
22,900
68,129
2,100
70,000
-28-
8G.189
1,115,381
102_,507
477,522
183,722
62,.798
39,120
14,240
62,512
3,606
7,521
88,633
144,544
607
960
216,970
10,319
88,321
512
7.643
14,717
44,401
761
F9,9;6
(::ontinned)
34,211
44,619
25 107
522 )
x,278
000
z9, 120
22,488
8", 394
242,4?q
111 , 367
9,656
<<+, 393
1G8,580
3,,030
15,281
179
1,488
35?
6,183
23,728
1,349
Exhibit C-3, Con't.
CITY OF BANGOR, MAINE
Capital Projects Fund
Combining Cumulative Statement of Revenues, Expenditures, Encumbrance;
and Appropriated Fund Balances Continued
Year ended December 31, '978
(continued)
-29-
Cumulative
Project
Cumulative
expenditures
Appropriated
authorization
revenues
and encumbrances
fund balance
Project (Memorandum only)
(Exhibit C-4)
(Exhibit C-5)
December. 31. 1978
General Fund, Continued
Other Projects
Civic Center
1,683,554
1,683,554
1,688,487
(4,933)
East :tide Improve-
ments
266,500
Kenduskeag :3tream Park
321,000
282,494
2ct?,49�E
Fire Department Ladder Truck
155,000
Pedestrian Walkway
302,676
303,895
298,895
5,000
Solid Waste Incinerator
300,000
300,000
60,367
239,633
Union atreet Recreation Area
134,000
133,767
133,767
York & Hancock - NDP
155,595
129,187
'129,187
Columbia Street Parking Deck
7,000
7,000
6,577
423
Bass Fark
1,514,600
1,514,600
1,496,556
18,044
Chamberlain Bridge Signs -
:3tate
12,000
12,000
12,000
-
Auditorium Bleachers
115,000
115,000
103,350
'11,650
Transit Repair Facility
160,000
203,339
203,339
Coastal Zone Management -
Marina Study
12,408
4,136
4,136
Kenduskeag ;stream Urban
Renewal Project
91,132
91,132
37,346
53.786
Total General Fund
9,853,381
8,556,165
7,295,627
1,260,538
Sewer Utility Fund
Bakerville Sanitary Sewer
75,000
75,000
701767
4,233
Glenwood Subdivision, Phase I
62,800
Sewerage Facility Planning
92,200
92,200
96,696
(4,496)
Griffin & Kenduskeag Avenue
Sewers
95,565
95,565
93,732
1,833
Dunning Boulevard Sewer Extension 7,000
Burleigh Road Sanitary Sewers
33,000
K -Mart Sewor Relocation
11,000
ColleFp Park Subdivision Sewers 21,000
21,000
11,295
9,705
P.ainhow Trailer Park - Sewer
49,000
Hogan Road Sanitary Sewer
30,000
Boman .,anitary Sewer
64,000
64,000
32,726
=1,274
�ludson Heights Part B
87,527
Judson Heights Subdivision
207,000
207,000
194,000
13,00o
Glenwood Subdivision Phase II
29,000
29,000
320
25,680
Woodlnwn Subdivision
49,460
49,460
300
49,160
Hogan Road Sewer
51,500
51,500
27,826
23,674
College Park
5,500
5,500
51500
Third .�Lreet Sewer
2,000
2,000
956
1,044
Total Sewer Utility Fund
972,552
692,225
528.618
163,607
(continued)
-29-
Exhibit C-1 Con't.
CITY OF BANGOR, MAINE
Capital Projects Fund
Combining Cumulative Statement of Revenues, Expenditures, Encumbrances
and Appropriated Fund Balances, Continued'
Year ended December 31, 1978
Cumulative
Project Cumulative expenditures Appropriated
authorization revenues and encumbrances fund balance
Project _(Memorandum only) (Exhibit C-4) (Exhibit C-5) December 31, '1978
Airport Fund
Airport - Air Conditioning $ 50,000
International Arrivals
- Building - Third Floor 75,000 75,000 69,62.5 5,375
Airport :.security Screening
Devices 115,000
Airport Development Aid
Program 100,000 141,311 141,311
Total Airport Fund 340,000 216,311 210,936 ;,,375
Agency Fund
Target Area Special Building 262,669
Grand Total $ 11,428,602 9,464,701 8,035,181 '•,'a2'
(Exhibit C-1)
See accompanying notes to financial statements.
-30-
_ r'iT.' Or BANGOR, MAINE
Ua:i*.c�:: Pro-:ects Fun"
Combining Statement of Cumulative Revenues
-ar ended De -mbPr 31 1070,
Pro.-*ect
General Fund
Buildings.
City Hall -
Permanent Improvements
New Fire Station
Municipal Auditorium
Improvements
Public Works Building
Exhibit C-4
u 70, 4^O
1,160,000
127,614
453,466
50,000
SC,CO:r
23,534 23,534
Land
Current Year kevenaes
New Fire Station Site
Transfers
Cumulntive
Cumulative
from (to)
Federal,
Tot a
revenues
revenues
reserves for
state,
current
December 31,
December 31, Bold
future Appropr4ation
and other
year
Completed 1979
1977 proceeds
construction transfers
grants
rever_ues
projects (Exhibit C-3;'
u 70, 4^O
1,160,000
127,614
453,466
50,000
SC,CO:r
23,534 23,534
Land
New Fire Station Site
350,000
(350,000)
Streets
Airport Industrial Park
100,000
90,000
90,000
Goodsoe Road Construction
77,798
Mildred Avenue Street
Construction
15,000
( 15,000)
State Aid Construction -
Undesignated (
80,800)
211,000
( 250,000) 119,800 80,800
Judson Heights, Part B
84,143
( 84,143)
Glenwood Subdivision, Phase I
115,000
(115,000)
Hammond Street Paving
12,400
( 12,400)
Broadway Improvement - State
78,240 78,240
Illinois Avenue - State
14,240 14,240
Hildreth Street
85,000
85,000
North Park Street
90,000
90,000
Hancock .Street Extension
250,000
250,COO
Street Reconstruction
200,000
200,000
Judson Heights Subdivision
154,000
154,000
Glenwood 2ubdivision, Phase II'
55,000
55,00,-
000
Woodlawn c.ubdivision
159,540
159,540
Broadway Improvements
250,000 250,00.:
College F_:rk
25,600 25,6,;^.
w
i
(Continued)
123,400
1,160,000
127,614
477,000
190,000
77,798
78,240
14,240
95,000
90,000
250,000
200,000
•54,000
55,000
`9,540
2j0,00C
25.600
(Continued)
Exhibit C-4 Con't.
CITY Or
BANGOR, MAINE
Capital
Projects Fund
Combining Statement of Cumulative Revenues,
Uontinued
Year ended Lecember 31, 197F
Current Year Revenues
Transfers
Cumulative
Cumulative
from (to)
Federal,
Total
revenues
revenueE
reserves for
state,.
current
December 31,
December 31,
Bond
future Appropriation
and other
year
Completed
1978
Project
1977
proceeds
construction transfers
grants
revenues
projects
Exhibit C-3
General Fund, Continued
Sidewalk
Sidewalk Improvements
S 13,500
75,000
75,000
88,500
Electrical
Forest Avenue Lighting
2,000
2,000
Main & Union Streets
Traffic Lights
8,000
8,000
State Street Lighting
22,900
22,900
Traffic COLtrcl System
68,129
68,128
Husson Avenue Lighting
2,100
2,100
Garland Street Lighting
70,000
70,000
Other Projects
Civic Center
1,535,668
147,886
147,886
1,683,554
East Side Improvements
239,632
(239,632)
genduskeag Stream Park
179,715
102,779
102,779
282,494
Fire Department - Ladder
Truck 155,000
(155,000)
Pedestrian Walkway
303,895
303,895
Solid Waste Incinerator
300,000
300,000
Union Street Recreation
Area 120,000
7,000
6,767
13,767
133,767
York & Hancock NDP
107,951
21,236
21,236
129,187
Columbia Street Parking
Deck 7,000
7,000
Bass Park
1,514,600
1,514,600
Chamberlain Bridge Signs
-State
12,000
12,000
12,000
Auditorium Bleachers
115,000
115,000
115,000
Transit Repair Facility
32,000
171,339
203,339
203,339
Coastal Zone Management
-
Marina Study
4,136
4,136
4,136
genduskeag Stream Urban
Renewal Project
91,132
91,132
91,1A,2
Total General Fund
7,135,111
1,534,5L,)
169,080 -
68816.9
2,392,229
(971,175)
9.556,165
(Continued)
CITY OF EANGOR,
MAIDTE
Exhibit C-4 Con't.
Ca ital Projects Fund
Combining Statement of Cumu vtive
Revenues, Continuea
Year ended December 31, ',978
Current Year Revenues
Transfers
Cumulative
Cumulative
from (to)
Federal,
Total
revenues
revenues
reserves for
state,
current
December 31,
December 31,
Bond
future Appropriation_
and other
year
Completed
1978
1977
proceeds
construction_ transfers
grants
revenues
projects (Exhibit C-3)
Sewer Utility Fund
Bakerville Sanitary Sewer
75,000
75,000
Glenwood Subdivision
55,000
7,800
7,800
( 62,800)
Sewerage Facility Planning
92,200
92,200
^Jriffin & Kenduskeeg Avenue
:,ewers
880,265
15,300
15,300
95,565
Dunning Boulevard Sewer Extension 71000
( 7,000)
Burleigh Road Sanitary Sewer
33,000
( 33,000)
K'Mart Sewer Relocation .
11,000
( 11,000)
College Park Subdivision Sewers
21,000
21,000
Rainbo., Trailer Park Sewer
49,000
( 49,000)
Hogan Road Sanitary Sewer
30,000
30,000
( 30,000)
Bomarc Sanitary Sewer
64,000
64,000
64,000
Judson Heights Part B
87,527
( 87,527)
Judson Heights Subdivision
207,000
207,000
207,000
Glenwood Subdivision, Phase II
29,000
29,000
29,000
'.doodlawn Subdivision
49,460
49,460
49,460
Hogan Road Sewer
51,500
51,500
51,500
College Park
5,500
5,500
5,500
Third Street Sewer
2,000
2,000
2,000
Tota_ Sewer Utility Fund
510,992
285,460
176,100
461,560
280,327)
692,225
Airport Fund
Airport Air Conditioning
50,000
( 501000)
International Arrivals Building
Third Floor
75,000
75,000
75,000
Airport Security Screening Devices
115,000
115,000
( 115,000)
Airport Development Aid Program
141,311
141,311
141,311
Total Airport Fund
50,000
190.000
141,311
331,311
( 165,000)
216,311
Agency Fund
Target Area Special Building
43,487
'96,C55
196,055
( 239,542)
Grand Total 3
7,739,590
^,820,000
Z5,180
1,025,975
3,381,155
(1,656.044)
9,464,701
See accompanying notes to financial statements.
CITY OF BfXGOR, MAINE Exhibit C-5
Ca ital Projects Fund
Combining Statament or Cumulative Expenditures and Encumbrances
ear ei.ved Dece-^ber 3^ ^9/8
Cumulative
Cumulative Current Year Expenditures and Encumbrances expenditures
expenditures Total and
and Charged to Encumbrances current year encumbrances
encumbrar_ces enc,isbrances outstand_ng expenditures end Completed hecember 31, 1978
Project December ''!, ^977 Expenditures cut6zanding December 31, 19%8 encumbrances projects (Exhib_t C-3)
General Fund
Buildings
City Hall - Permanent
Improvements
New Fire Station
Municipal Auditorium
Improvements
Public Works Building
Land
New Fire Station Site
Streets
$ 29,678
4,',02
51,609 56,511
86,189
1,097,432
93,825 ( 76,325)
449 17,949
1,115,381
97,047
5,460
5,460
102,5C?
451,6'18
438,990 ( 413,466)
38C 25,904
477,522
239,202 5,637
5,637 (244,839)
Airport Industrial Park
57,781
124,821
1,120 125,941
163,722
Goodsoe Road Construction
62,798
62,798
Mildred Avenue Street
Construction
15,000
(
15,000)
State Aid Construction
Undesignated
Judson Heights, Part B
87,855
23,797 ( 20,962)
2,835
(
90,690)
Glenwood Subdivision,
Phase I
113,178
95,535 ( 93,243)
2,292
(115,470)
Hammond Street Paving
10,374
(
10 374)/
Broadway Improvements -State
719,120
39,120
39,120
Illinois Avenue - ;tate
14,24:.•
14,240
14,240
Hildreth Street
62,512
62,512
62,512
North Park Street
3,60E
3,c^6
3,606
Hancock Street Extension
7,521
7,521
7,521
Street Reconstruction
88,633
88,E33
98,633
Judson Heights Subdivision
17,042
127,302 144,344
144,344
Glenwood Subdivision, Phase
II
6C7
E07
60?
Woodlawn Subdivision
961D
9E0
960
Broads:,ay Impro •e^e::�:s
214,9?-,
2,C':C 216,970
215,970
College Park
1:1,319
101319
10,319
i
u � Ccntinuei;
W
Exhibit C-5, Con't.
CITY OF BANGOR, MAINE
Capital Proects
Fund
Combining Statement of Cumulative Expenditures and Encumbrances.
Continued
Year ended December
31, 1978
Cumulative
Cumulative
Current
Year Expend tures and Encumbrances
expenditures
expenditures
dotal
and
and
Charged to
Encumbrances
current year
encumtrances
encumbrances
encumbrances
outstanding expenditures and
Completed
December 1 1978
-
Project December 31, 1977
Expenditures
outstanding
:;ecember 31. ^978
encumbrances
projects
(Exhibit )
General Fund, continued
Sidewalk
Sidewalk Improvements S 61771
81,550
81,550
88,321
Electrical
Forest Avenue Lighting 512
512
Main & Union Streets
Traffic Lights 7,393
250
250
7,643
State Street Lighting 14,717
14,717
Traffic Control System 1^,835
32,566
32,566
44,401
Husson Avenue Lighting 761
761
Garland Street Lighting 672
69,284
69,284
69,956
Other Projects
Civic Canter 1,537,785
815,230
( 699,668)
35,140
150,702
1,688,487
East Side Improve-
ments 237,348
(237,348)
Kenduskeag Stream Park 178,488
105,758
( 1,752)
104,006
282-,494
Fire Department Ladder Truck 140,418
(140,418)
Pedestrian Walkway 298,895
298,895
Solid Waste Incinerator 59,987
380
380
60,367
Union Street Recreation
Area 120,577
14,810
( 1,620)
13,190
133,767
York & Hancock - NDP 108,133
21,054
21,054
129,187
Columbia Street Parking Deck 6,577
5,900
( 5,900)
6,577
Bass Park 1,495,211
1,660
( 486)
171
1,345
1,496,556
Chamberlain Bridge Signs -
State
12,000
12,000
12,000
Auditorium Bleachers
103,350
103,350
103,350
Transit Repair Facility
127,955
75,384-
203,339
203,339
Coastal Zone Management -
Marina Study
Kenduskeag Stream Urban Renewal
Project
37,346
37,346
37,346
Total General Fund 6,488,043
2,577,1360
('',313,422)
397,285
",661,723
(854.139)
7,295,627
i
�
Continued
See accompanying notes to financial statements.
Exhibit C-5, Con't.
CITY OF BANGOR, MAINE
Capital Projects
Fund
Combining Cumulatie. .
�ateme::t of Expenditures and
Encumbrance:. Continued
Year ended December 31,
1978
Cumulative
Cumulative
Current Year Expenditures and Encumbrances
expenditures
expenditures
-------Total
and
and
Charged to Encumbrances
current year
encumbrances
encumbrances
encumbrances outstanding
eypenditures and
Completed
December 31, 197?.
Project December 31, 1977 Expenditures
outstanding December 31, 1978
encumbrances
projects(E
z xhibit C-3)
Sewer Utility Find
Bakerville Sanitary
Sewer $ 70,767
70,76;
Glenwood Subdivision 60,314
7,446
7,446
( 67,760)
Sewerage Facility Planning 96,153
543
543
96,69E
Griffin & Kenduskeag
Avenue Sewers 81,426
35,774
( 23,468)
12,306
93,732
Dunning Boulevard Sewer
Extension 5,074
( 5,074)
Burleigh Road Sanitary
Sewer 22,873
71079
( 846)
6,233
( 29,106)
K -Mart Sewer Relocation 9,995
( 9,995)
College Park Subdivision
Sewers 11,190
105
105
11,295
Rainbow Trailer Park -Sewer 6,794
18,687
18,687
( 25,481)
Hogan Road Sanitary Sewer
17,995
17,995
( 17,995)
Bomarc Sanitary Sewer
32,726
32,726
32,726
Judson Heights, Part B 74,033
( 74,033)
Judson Heights Subdivision
22,900
171,100
194,000
194,000
Glenwood Subdivision, Phase II
320
320
320
Woodlawn Subdivision
300
300
300
Hogan Road Sewer
27,826
27,826
27,826
College Park
Third Street Sewer
956
956
956
Total Sewer Utility 438,619
172,657
( 24,314) 171,100
319,443
(229,444)
528,618
Airport Fund Fund
Airport Air Conditioning 51,564
5,375
( 4,165)
1,210
( 52,774)
International Arrivals
Building Third Floor
63,052
6,573
69,625
69,625
Airport Security Screening
Devices
114,755
114,755
(114,755)
Airport Development Aid Program
_ 12',,97'•
17,340
141,31^
141,311
Total Airport: Fund 51,5hjr
307,153
( 4"C-5) 2',,913
326,901
(167,529)
210,9?6
Agency Fund
Target. Area Spc:c.i 3.l
Building 43,523
i
196,01
196,019
(239,,4.2)
rn Grand Total $ 7,021,749
3,253,689
( 1,341,901)95 2,298
2,504,086
(1,490,654)
8,035,181
See accompanying notes to financial statements.
Exhibits: D
ENTERPR-ISE'- FUNDS
An enterprise fund is used to account for the acquisition, operation
and maintenance of governmental facilities and services which are entirely or
predominantly self-supporting by user charges. The Sewer Utility Fund
accounts for the operations of the City sanitary sewer systems. The Airport
Fund includes the income and expenses of the Bangor International Airport
and the activities of the Airport Fixed Base operations. The Hospital Fund
is currently recorded as an enterprise fund of the City following the principle
that its activities are primarily supported by patient charges and only
partially by general tax revenue raised through the General Fund.
The significant characteristic of enterprise funds is that the accounting
system must make it possible to show whether the activity is operated at a
profit or loss, similar to comparable private enterprise. Thus, the reports of
enterprise funds are self-contained and creditors, legislators or the general
public 'can evaluate the performance of the municipal.enterprise on the same
basis as they can the performance of investor-owned enterprises in the same
industry.
Exhibit D-1
CITY OF BANGOR,. MAINE
Enterprise Funds
Combining Balance Sheet
December 31, 1978
Sewer
Utility Airport Hospital
Total Fund Fund Fund
Assets
Current assets:
Cash $ 618,097
Accounts receivable 716,805
Less allowance for estimated
uncollectible accounts 36,563
Notes receivable (General Fund)
(note 9 )
Inventories (note 2)
Prepaid expenses
Total current assets
Property, plant and equipment:
Land
Buildings, plant and equipment
Pipelines and mains
Aircraft operational assets
Less accumulated depreciation
Construction work in progress
Net property, plant
and equipment
Other assets:
Deposits for construction:
With Capital Projects Fund
Appropriated
Unappropriated
Total deposits
Operating rights net of
accumulated amortization
of $121,753
Liabilities. Contributions
and Retained Earnings
Current liabilities:
Accounts payable
Due to General Fund
Advance from Capital
Projects Fllnd
Current installments - general
obligations bonds
Total current liabilities
Contributions - general obligation
bonds City of Bangor (note 6)
Contributions - property, plant,
equipment
City of Bangor
Federal, state and other
contributions
Customers
Total contributions
Retained earnings (Exhibit D-2)
80,242
50,272
42,793
2,731
1,394,135
93,686
6,757,053
11,980,689
120,654,855
139,486,283
11 201
110
739,553
128,975,663
168,983
837,749
1,006,732
1,178,247
$'132,554,777
175,165
113,000
300,000
346,180
934,345
3,672,710
6,418,969
117,255,774
244,614
127,592,067
4,028,365
$ 132,554,777
See accompanying notes to financial statements.
-37-
340,900
275,082
2,115
106,388
459,535
150,882
-5,-4-4-q
30,026
5,598
TO
429,509
145,284
50,272
113,000
41,642
1,151
1,358
1,281
92
497,979
747,514
148,642
58,426 35,260
5,187,371 1,569,692
11,980,689
120,654,855
17,226,4-87 120,654,855 1,504,942
2,811,298 �3,- 73�,735
�4, , 112, 51,715 R ,207
528,618 _ 210,935
14,943,806 113,162,650 SE9,207
163,607 5,376
823,137 14,612
986,744 19,938
16,428,529 115,108,399 1,017.849
1,178,247
16,428,529
115,108,399
1,f117.849
25,538
142,773
6,854
113,000
300,000
244,039
102,141
269,577
544,914
119,954
2,613,722
1,058,988
6,416,931
2,D39
4,564,182
111,831,884
-59,708
244,614
13,839,449
112,890,872
8E1,746
2,319,503
1,672,613
36,249
16,428,529 115,108,399 1,017.849
CITY OF BANGOR, MAINE
Enterprise Funds
Combining Statement of Changes in Retained Earnings
Year ended December 31, 1978
Total
Balance at beginning of year $ 2,903,227
Add: Net income (Loss) (Exhibit D-3) ( 505,253)
Depreciation and Amortization on
assets acquired by contributions 1,630,391
Balance a
See accoml
Exhibit D2
Sewer
Utility
Airport
Hospital
Fund
Fund
Funs_
1,995,047
871,075
37,105
74,351
( 514,449)
( 65,155)
250,105 1,315,987 64,299
CITY OF BANGOR, MAINE
Enterprise Funds
Combining Statement of Operations
Year ended December 31, 1978
Sewer
Utility
Total Fund
Operating revenues
$ 6,082,660
741,523
Operating expenses other
than depreciation
4,668,529
316,417
Operating income (loss)
before depreciation
1,414,131
425,106
Depreciation and Amortization,
on assets acquired with own.funds
218,723
77,799
on assets acquired with contributions
1,630,391
250,105
Operating income (loss)
( 434,983)
97,202
Non-operating Revenue (Expense):
Interest earned
132,513
119,622
Interest expense
( 253,616)
(142,473)
Exhibit L-3
Airport
Fund
4,525,360
3,489,316
1,036,044
139,864
1,315,987
( 41.),807)
12,891
( 107,533)
Transfer from General Fund 50,833
Net non-operating Revenue
(Expense) ( 70,270) ( 22,851) ( 94,E42)
Net income (loss) (Exhibit D-2) $ ( 505,253) 74,351 ( 514,449)
See 'accompanying notes to financial statements.
-39-
Hospital
Fund
815,7/7
862,796
( 47,019)
1,060
64,299
(112,378)
( 3,610)
50,933
47,223
( 65,155)
Exhibit D-4
CITY OF BANGOR, MAINE
Enterprise Fiends
Combining Statement of Changes in Financial Position
Year ended December 31, 1978
Sewer
Utility Airport Hospital
Total Fund Fund Fund
Fur ds provided:
Net income (loss) (Exhibit D-3) $
( 505,253)
74,351
( 514,449)
( 65,155)
Items not requiring current
outlay of funds - depreciation
and amortization
1,849,114
327,904
1,455,851
65,359
Total funds provided by opera-
tions
1,343,861
402,255
941,402
204
Contributions:
Customers
62,082
62,082
Federal, state, and other
220,691
79,380
141,311
Proceeds from general obligation bonds
363,118
363,118
Decrease in working capital
6,616
6,616
Deposits for capital projects
293,797
206,780
87,017
$
2_,290,165
1,113,615
1,161730
6,820
Funds used:
Additions to fixed assets
1,238,145
768,817
462,508
6,920
Payments of general obligation bonds
346,180
244,039
102,141
Reduction of City contibution
77,658
77,65=3
Increase in working capital
628,182
23,101
605,081
$
2,290,165
1,113,615
1,169,730
6,920
Various elements of net increase (decrease)
in working
capital
Cash
53,114
90,864
( 28,498)
( 9,252)
Accounts receivable
1 8
7 ,997
12,712
161,755
4,530
Advance toeneral fund
g
46 „70)
( 4b,570)
Inventory
15,590)
( 13,124)
( 2,537)
71
Prepaid expenses
2,814)
311
( 2,810)
( 315)
Accounts payable
91,020)
( 13,500)
( 80,329)
2,809
Due to general fund
455,541
460,000
( 4,459)
Customer deposits
10,563
10,563
Current installments - general
obligation bonds
( 2,500)
( 2,500)
Advance from capital projects fund
81,845
( 18,155)
100,000
$
621,566
23,101
605,081
L_L 616
See accompanying notes to financial statements.
-40-
Exhibits: E
TRUST AND -AGENCY F
UNDS
Trust and agency funds are used to administer resources received and
held by a governmental unit as the trustee or as the agent for others. Use of
these funds facilitates the discharge of responsibilities placed upon the
governmental unit by virtue of law or other similar authority.
V,
See accompanying notes to financial statements.
-41-
I
Exhibit E-1
CITY OF BANGOR, MAINE
Trust and Agency Funds
Combining
Balance Sheet
_
..
December 31, 1978
Trust.
Agency
Assets
Total
Funds
Funds
Cash
$ 359,830
100,382
259,448
- Accounts receivable
13,000
13,000
Investments in U.S.
government obligations,
_ at cost
346,785
346,785
-_ Investments in domestic
corporations, at cost
24,440
24,440
Assets held in Kirstein student
loan fund
42,800
42,800
Total assets
$786,855514,407
272,448
Liabilities and Fund Balances
Amounts held by agency
funds for others (Exhibit'E-3)
272,448
272,448
Total liabilities
272,448
272,448
Fund balances
(Exhibit E-2)514,407
514,407
$87 6,855
514,407
272,448
See accompanying notes to financial statements.
-41-
See accompanying notes to financial statements.
Exhibit
E-2
CITY OF BANGOR,
MAINE
Trust Funds
Combining 6tatement
of Revenues, Eypcnditures and Changes
in fund
Balance s
Year
ended December
Kirstein
City
Aid for
Student
Cther
Total
Cemetery
Parks Missionary
Education
Aged Woman
Loan Fund
Funds
Fund balances, Janaury 1, 1.978
9 486,837
254,191
33,290
22,342
27 35
71,680
39,392
39,635
Add:
Interest earnings
28,416
13,568
3,264
1,108
',32'
3,704
3,408
2,043
Gifts
6,011
3,324
2,687
Lot sales
9 1 ti 25
9,425
43,852
22,9933,264
^,,^08
4,645
6,3391
3,408
2,043
Fund balances and additions
530,739
277,184
36,554
23,450
32,002
78,071
42,800
40,678
Deduct:
Perpetual care fees
7,500
7,500
Cost of housing
603
603
Welfare payments
583
583
Scholarship awards
650
650
Groceries
2,423
2,423
Distribution of earnings to
3,680
Home For Aged Woman
3,680
514
Firemen's relief
510
244
Bangor fuel society
244
139
Other
139
16,332
7,500
1,186
3,073
3,680
"893
Fund balances December 31, 1978
6 514,407
684
36,554
22,264
28 2
74,391
42,800
39,785
(Exhibit E-1)
See accompanying notes to financial statements.
4�
Exhibit E-3
CITY OF BANGOR, MAINE
Agency Funds
Amounts Held for Others
Year ended December 31, 1978
with comparative figures for ,year ended December 31, 19?7
Amounts due the State of Maine:
Pension and group life insurance contribution
Hunting, fishing, and plumbing license fees
State income taxes withheld
Sales taxes
Total due to the State of Maine
Other:
Workmen's compensation insurance
Savings bonds
Miscellaneous deductions and deposits
United Fund
Income taxes withheld
Federal grants - police
Bangor Target Area Development Corporation
Federal fuel excise tax
Senior citizens federal grant
.Total other
Total amounts held for others (Exhibit E-1)
See accompanying notes to financial statements.
-43-
1978
$ 88,880
4,438
( 706)
92,852
( 7,500)
4,095
15,762
334
( 1,531)
1,448
163,502
1,279
2,207
179,596
$ 272,448
1977
81,702
5,916
1,997
4)
89,611
(18895)
3,369
16,682
776
( 1,472)
1,071
52,948
( 41)
1.802
56,240
145,851
Exhibit F
GENERAL FIXED ASSETS,'GROUP OF
ACCOUNTS
The General Fixed Assets Group of Accounts are established for
controlling the City's sizeable investment in fixed assets which are tangible
assets of significant value having a utility which extends beyond a year. No
depreciation is provided on such assets. This control also allows establishing
custodial responsibility for the assets.
The investment in fixed assets of enterprise operations are accounted
for in their respective funds.
CITY OF BANGOR, MAINE
Statement of General Fixed Assets
December 31, 1978
with comparative figures for December 31, 1977
General Fixed Assets:
Land
Buildings
Streets
Sidewalks
Bridges
Retaining walls
Statues
Electrical
Street signs
Storm sewers
Parking structures
Fountains
Tennis courts
City foreclosed property
Construction work in progress
Total general fixed assets
Investment in general fixed assets
(Exhibit F-2)
1978
$ 2,866,190
11,648,001
71685,927
1,009,505
749,350
164,020
210,000
416,691
8,964
334,166
511,606
14,618
1'9, 993
35,270
25,674,301
7,295,627
$ 32,969,928
$ 32,969,928
See accompanying notes to financial statements,
-44-
Exhibit F-1
1977
2,621,351
11,648,001
7,305,755
1,009,505
749,350
164,020
210,000
416,691
8,964
246,154
511,606
14,618
19,993
29,922
24,955,930
6,622,390
31,578,320
31,578,320
CITY OF BANGOR MAINE
Statement of .;manges in Genera ixed Assets
Year ended December 31, 1978
Land
Buildings
Streets
Sidewalks
Bridges
Retaining wails
Statues
Electrical
Street signs
Storm sewer/waterlines
Parking structures
Fountains
Recreation faci-lities
City foreclosed property
Construction work in progress
Less: Encumbrances December 31, 1977
Add: Encumbrances December 31, 1978
Total construction work in progress
(Exhibit C-4, General Fund)
Total general fixed assets (Exhibit F-1)
See accompanying notes to financial statements.
Exhibit F-2
General
fixed assets
Add:
Add:
General
beginning
capital projects
current year
fixed assets
of .year
completed
additions
end of year
5 2,621,351
244,839
2,866,190
11,648,001
11,6/18,001,
7,305,755
380.172
7,685,927
1,009,505
1,009,505
749.350
749.350
164,020
164,020
210,000
210,000
416,691
416,691
8,964
8,964
246,154
88,012
334,166
511,606
511,606
14,618
14,618
19,993
19,993
29,922
5,348
35,270
24,955,930
713,023
5,348
25,674,301
6,622,390
(713,023)
2,302,397
8,211,764
(1,313,422)
( 1,313,422)
397;285
397,285
6,622,390
(713,023)
1.386;260
7,295,627
$ 31,578,320
-
1,391,608
32,969,928
Exhibit G.
GENERAL LONG-TERM DERT.GROUP
OF ACCOUNTS
General obligation bonds and other forms of long-term debt supported
by general revenues are obligations of the governmental unit as a whole and
not its individual constitutent funds. Also, the proceeds of such debt may
be spent on facilities which are utilized in the operations of several funds.
For these reasons, the amount of such unmatured long-term indebtedness is
recorded and accounted for in a separate self -balancing group of accounts
titled "General Long -Term Debt Group of Account."
CITY OF BANGOR, MAINE
Statement of General Long -Term Debt
December 31, 1978
Amount to be Provided For the
Payment of General Long -Term Debt
Amount to be provided:
General Fund
Sewer Utility Fund
Airport Fund
q
General Long -Term Debt Payable (Exhibit G-2)
Bonds payable (note 6)
Notes payable
Note payable - Sewer Utility Fund (note 9 )
See accompanying notes to financial statements.
-46-
Exhibit G-1
$ 91219,823
2,857,761
1,161,128
13,238,712
13 ,1,94, 000
4,440
50,272
13,238,712
Exhibit
G-2
CITY OF EANGCIc, MAINE
"tatement of Long -Term
Debt Payable
7'ecember z- ;078
Bonds and motes
F4 -_,al
Annul
Interest
Issue
maturity
serial
Outstanding
rates
date
date
payme:ts
Authorized
Issued
Retired
(Exhibit G-1)
Genera_ obligation bonds
Lermanent Public Improvements
7.70%
^0/01/59
101/01/79
$
39,000
'i 780,000
780,000
741,000
39,000
Caoital Improvements
Z.L,O
8/01/60
./J /82
20,000
435,000
435,000
360,OOC
'75,000
(
15,000 in
''182)
Sewer
3.38
3/01/61
8/01/83
20,000
435,090
435,000
340,000
)5,000
(
15,909 in
1933)
Urban Renewal
3.00
3/01/62
3/01/79
20,000
,)UO
340,000
320,000
20,u00
High School
3.00
8/01/62
8/01/82
160,000
3,200,000
3,200,000
2,560,000
640,000
uenduskeag Stream Improvement
3.00
8/01/62
8/01/82
85,000
1,650,000
1,650,000
1,360,300
290,000
(
35,000 in
1982)
Permanent Public Improvements
3.00
9/01/63
9/01/83
20,000
400,000
400,000
3001000
'100,000
Permanent Public Improvements
3.00
3/01/64
3/01/84
485,000
485,000
350,000
^35,000
(
10,000000
1984)
General Public Improvement
3.10
9/01/65
9/01/86
15,000
315,000
315,000
195,000
120,000
General Public Improvement
4.00
12/01/66
12/01/87
10,000
210,000
210,000
120,000
90,000
Street and Sewer
4.00
12/01/66
12/01/86
5,000
100,000
100,000
60,000
40,000
Interceptor Sewer and Treatment
Plant
3.70
7/01/67
7/01/87
70,000
1,400,000
1,400,000
770,000
630,000
Permanent Public Improvements
4.00
9/01/67
9/01/87
35,000
700,000
700,000
385,000
315,000
Permanent Public Improvements
4.10
9/01/68
9/01/88
35,000
690,000
690,000
350,000
340,000
(
25,000 in
1988)
Permanent Public Improvements
5.75
8/15/69
8/15/89
55,000
1,060,000
1,060,000
495,000
565,000
(
15,000 in
1989)
Permanent Public Improvements
6.50
7/01/70
7/01/85
50,OCO
720,000
720,000
400,000
320,000
(
20,000 in
1985)
Permanent Public Improvements
4.90
5/01/71
5/01/91
35,000
690,000
690,000
245,000
445,000
(
25,000 in
1991)
Permanent Public Improvements
4.60
3/01/72
3/01/92
55,000
1,060,000.
1,060,000
330,000
730,000
(
15,000 in
1992)
Permanent Public Improvements
5.00
7/15/73
7/15/93
100,000
2,000,000
2,000,000
500,000
1,500,000
Permanent Public Improvements
6.50
8/01/75
8/01/95
205,000
4,050,000
4,050,000
615,000
3,435,000
(155,000 in
1995)
Permanent Public Improvements
5.80
7/01/78
%/01/98
165,000
3,260,000
3,260,000
-
3,260,00)O
(125,000 in
1998)
Total general obligation bond^
$ 23,980,000
23,980,000
10,796,000
'12,,184,000
Genera_ obligation note
Fairmount Terrace Park Note
5.75
10/30/69
10/30/79
4,44.-:
44,400
44,400
39,960
4,1.40
Permanent Public Improvements
5.09
12/15/73
12/15/78
270,000
27C,000
27:0,000
-
'977 Bond Anti,,.ipati.on Note
3.25
7/2',1/77
7/27/78
2,090,000
1,41+0,000
1,440,000
_
Tota]. general obligation notes
V, 2,404,400
1,754,400
1,71.9,96:
414+0
Interfund Note -Sewer Utility Fund
Variable
1975
Variable
165,77
,
See accompanying notes to financial
statements.
a
NOTES TO FINANCIAL STATEMENTS
� L' -
CITY OF BANGOR, MAINE
Notes to Financial Statements
December 31, 1978
(1) Summary of Significant Accounting Policies:
The accounting policies of the City of Bangor, Maine conform to
generally accepted accounting principles as applicable to govern-
mental units. The following is a summary of the more significant
of such policies:
Fund Accounting
The accounts of the City are organized on the basis of
funds or groups of accounts, each of which is considered
to be a separate accounting entity. The operations of
each fund are accounted for by providing a separate set
of self -balancing accounts which comprise its assets,
liabilities, reserves, fund balances, revenues and expend-
itures. The various funds are grouped by type in the
financial statement.
Basis of Accounting
The modified accrual basis of accounting, under which
expenditures, other than interest on:long-term debt, are
recorded when the liability is incurred and revenues are
recorded when received in cash unless susceptible to
accrual, i.e. measurable and available to finance the
City's operations,or of a material amount and not received
at the normal time of receipt, is followed by the General
Fund, the Capital Projects Fund and the Special Revenue
Funds. Revenue sources which are being accrued include
property taxes, chargesfor current services and inter -
government reimbursements. Major revenue sources not being
accrued are automobile excise taxes, licenses, and per-
mits. Budgets as presented in the General and Special
Revenue Funds also utilize the modified accrual basis
of accounting. The accrual basis is utilized (with minor
exceptions) by all other funds.
Encumbrances
Encumbrance accounting, under which purchase orders,
contracts and other commitments for the expenditure
of funds are recorded in order to recognize as expended
that portion of the applicable appropriation, is employed
in the General, Capital Projects, and Special Revenue
Funds.
Inventories
_ Inventories are priced primarily at the lower of first
in first out cost or market.
(continued)
-48-
CITY OF BANGOR, MAINE
Notes to Financial Statements, Continued
General Fixed Assets
General fixed assets have been acquired for general govern-
mental purposes. Assets purchased are recorded as expenditures
in the General Fund or Capital Projects Fund and capitalized
at cost in the General Fixed Asset Group of Accounts. In the
case of contributions or property acquired prior to 1961, such
assets are recorded at fair market value as of time of receipt
or 1960 respectively. Motor vehicle equipment, furniture and
fixtures have not been capitalized by the City.
No depreciation has been provided on general fixed assets.
Property, plant and equipment owned by the various enterprise
funds is stated at cost except for certain assets contributed
by others which are stated at fair market value as of various
valuation dates. Depreciation has been provided over the
estimated useful lives using the straight line method. Depre-
ciation on all assets has been recorded as an expense of the
current period. The amount applicable to assets acquired from
contributions has then been transferred to the related con-
tribution account rather than to retained earnings. The range
of the estimated useful livesof the various classes of enter-
prise depreciable assets is as follows:
Comparative Data
Comparative data for the prior year has been presented in cer-
tain of the accompanying financial statements in order to pro-
vide an understanding of the changes in the City's financial
position and operations. However, complete comparative data
have not been presented in those instances where its inclusion
would not provide meaningful comparisons.
(2) Inventories
Inventories at December 31, 1978 consist of $512,356 General
Fund public services supplies, $67,168 General Fund school
lunch supplies, $41,642 primarily Airport resale goods and
$1,151 Hospital items.
-49- (continued)
Range
of
Estimated
Asset Class
Useful
life
Buildings
25 - 40ears
Equipment
5 - 20
years
Pipelines and Mains
100
years
Aircraft operational assets:
Runways
100
years
Buildings
20
years
Machinery and equipment
5 - 10
years
Comparative Data
Comparative data for the prior year has been presented in cer-
tain of the accompanying financial statements in order to pro-
vide an understanding of the changes in the City's financial
position and operations. However, complete comparative data
have not been presented in those instances where its inclusion
would not provide meaningful comparisons.
(2) Inventories
Inventories at December 31, 1978 consist of $512,356 General
Fund public services supplies, $67,168 General Fund school
lunch supplies, $41,642 primarily Airport resale goods and
$1,151 Hospital items.
-49- (continued)
F
CITY OF BANGOR, MAINE
Notes to Financial Statements, Continued
(3) General Fund - Appropriated Fund Balance
Appropriated fund balances of $1,133,033 and
$1,072,773
in 1976 and
1977 respectively represent those portions
of the General
Fund fund
- balance specifically appropriated. for the
following:
1978
1977
Departmental balances carried
forward $
72,112
273,041
Automotive equipment replacement .
account
458,927
368,883
Bus service equipment replacement
account
499,416
372,188
Fire equipment replacement account
55,508
31,631
Reserve for Self Insurance
34,083
School department appropriated. fund.
balance
12,987
27,030
Total General Fund Appropriated
Fund.Balance $ 11133,033 1,072,773
(4) Capital Projects Fund - Unappropriated Fund Balances
Capital Projects Fund unappropriated fund balances for the various
funds indicated represent, on a cumulative basis, the excess of
specific project revenues over the related project costs for
certain completed as well as open projects. These amounts are
currently unappropriated and as such are available for use .within
the Capital Projects Fund for future capital construction..
(5) Pension Plan
The City participates in the Maine State Retirement System which
covers all full time permanent city and school employees. The
system requires. that both employees and the City contribute and
provides retirement, disability and death benefits. Employees
are eligible for normal retirement upon attaining age.sxty and
early; retirement after completing twenty-five or mord years of
creditable service. The City's contribution for 1978 is $966,992.
(6) Enterprise Funds - Contributions - General Obligation Bonds
Certain general obligation bonds recorded in the Statement of
General Long-term Debt do not specifically provide for regular
(continued)
- 50-
CITY OF BANGOR, MAINE
Notes to Financial Statements, Continued
(6) Enterprise Funds - Contributions - General Obligation Bonds, Continued
and recurring payments of interest and principal from earnings of
the enterprise funds. The City does, however, maintain records
showing that portion of each loan used for enterprise purposes.
Such portion, reduced by the annual payments of the enterprise
funds, has been recorded as Contribution - General Obligation Bonds.
(7) Revenue Obligation Securities
1 (8)
9)
As provided under state law, the City has issued $425,000 of
Revenue Obligation Securities to provide financing for the
acquisition and construction of a building and related facilities
all of which shall comprise the Winter Distributing Company, Inc.
Industrial Commercial Project. Under terms of the agreement the
City purchases and constructs the facilities and the Winter Dis-
tributing Company makes lease payments which represent the prin-
cipal and interest on the debt securities. The property is conveyed
to Winter Distributing Co. upon extinction of the debt. The debt
securities do not constitute any debt or liability of the City
of Bangor.
City Charter Requirements
In accordance with the City Charter the succeeding year's "Annual
budget shall contain . . . an estimate of the general fund cash
surplus or cash deficit at the end of the current fiscal year".
The City deems this surplus or deficit to be the General Fund
excess or deficiency of cash over current liabilities. The cash
surplus at December 31, 1977 totalled $1,744,683 which was included
as a utilization of surplus in the 1978 budget. The General Fund
cash surplus for 1978 as herein reported amounts to $902,437
relative to City operations and $12,987 relative to School Depart-
ment operations. It is anticipated that such amounts will be
included as utilization of surplus in the 1979 budget.
Interfund Transaction
During 1975 the Sewer Utility Fund, having excess funds deposited
with the Capital Projects Fund, entered into an agreement to
transfer $165,700 to the General Fund for the construction of
various capital projects, such amount to be repaid in the future.
At December 31, 1978 the total outstanding debt aggregates $50,272.
This amount is recorded as a note receivable in the Sewer Utility
Fund and as a. note payable in the Statement of General Long-term
Debt.
-51-
(continued)
CITY OF BANGOR, MAINE
Notes to Financial Statements, Continued
(10) Indian Land Claim
Two actions entitled United States of America v. State of Maine
are now pending in the United States District Court, District of
Maine, Northern Division, arising out of claims that the
Passamaquoddy Tribe of Indians and the Penobscot Nation have
wrongfully been deprived of the right to occupy their tribal
lands. The State of Maine is the only defendant presently named
in such litigation and damages in the aggregate amount of
$300,000,000 are sought. It has been alleged that the lands
involved comprise as much as 12,000,000 acres of land in the
northern and eastern areas of the State, and may include the
territory comprising the City of Bangor. It is possible that the
complaints may be amended to assert claims with respect to the
land itself, or to seek damages from the present owners of the
land, or both.
The Attorney General of the United States has obtained a stay
of the proceedings to permit development of a comprehensive
proposal presentation to the United States Congress in order to
resolve the problems underlying the litigation and various extra
judicial settlement proposals are being explored. It has been
suggested that legislation calling for an appropriation by Congress
for the benefit of the Indians and extinguishment of the Indian
claims to the land may be sought.
At least until legislation is introduced or the United States
has decided whether to proceed with the Indian claims, it is not
possible to assess the validity of such claims as may be advanced
by or on behalf of the Indians or to determine the extent, if any,
to which the territory of the City of Bangor may be involved.
Thus, neither the City nor bond counsel expresses any opinion with
respect to whether Congressional action will be taken or as to the
outcome of the litigation and its potential effect, if any, on the
City or the general economy of the State.
-52-
, SUPPLEMENTARY' :DATA. & STATISTICAL
�; - TABLES-.
Table 'I
'f.. CITY OF BANGOR, MAINE
I�
Assessed Valuation, Commitment and Collections
Year ended December 31, 1978
Valuation:
Land and Buildings $ 369,321,000
Personal property 33,122,210
Total valuation 402,443,210
Commitment:
Real estate and personal
property $ 402,443,210
Tax rate .0021
Total commitment 8,451,307
Add:
Supplemental taxes committed 20,539
Sewer, street and demolition assessments 20,.037
State reimbursement of business inventory tax 755,765
9,247,648
Less:
Net collections - 1978 8,665,303
Abatements 41,521
1978 Taxes receivable at December 31, 1978 $ 540,824
-53-
Table 2
CITY OF BANGOR MAIIE
seneral Bund-xpendirures by Function
last Ter_ Calendar Years
Parks
Public
Recreation,
Buildings
General
Public
Health and
Taxes Paid
& Public
Debt
Appropriated
Year
Gov't.
Safety
Welfare
to County
Services
Education
Service
Surplus
Other
Total
"969
5 557,477
1,194,602
963,881
105,139
1,347,275
4,480,468
534,583
-
501,599
9,625,423
1970
653,426
1,276,594
821,262
100,443
1,625,727
5,069,585
642,6}2
-
563,113
10,752.794
1971
675,766
1,390,274
942,554
121,125
1,307,449
5,447,410
658,797
-
619,835
11,163,210
'1972
687,239
1,478,959
1,062,656
1.37,275
1,706,790
5,685,324
627,961
-
716,588
12,102,792
1973
812,714
1,663,578
1,113,593.
159,818
2,019,021
6,126,531
615,179
700,000
817,994
14,028,428
1974
835,392
1,804,724
1,242,632
157,869
1,793,088
6,802,833
1,463,141
506,900
866,427
15,473,006
1975
990,922
2,151,239
1,493,873
270,000
2,200,051
7,539,640
767,729
523,000
1,126,300
17,062,0(54
1976
1,015,975
2,295,425
1,587,810
246,240
2,400,524
7,988,330
923,476
62,000
1,589,670
18,109,450
1977
955,180
2,537,640
1,509,980
206,811
2,898,632
8,154,208
972,573
-
1,521,205
18,756,229
1978
1,059,946
3,133,111
1,879,352
223,380
3,319,288
8,835,493
898,134
-
712,683
20,061,387
CITY OF BANGOR MAI\
Genera Fund Revenues by 6ource
Last Ten Calendar Year:
Yea7--
1969
197c-
197,
1972
1973.
-974.
1975
1976
1977
1978
Licenses
Property Other and
Taxes T^xes Permits
6,183,474 435,385 57,657
-,829,178 525,262 56„'72
7,453,686 565,547 ;7,732
71910,682 654,635 62,067
8,186,340 740,440 112,197
8,927,829 623,593 1'",580
9,793,952 865,981 148,999
10,157,116 832,077 144,821
9,172,234 958,930 173,573
8,496,217 946,050 148,985
Table A
Fines
Charges
and
Use of Money
intergovernmental
for.
Total
Forfeits
and Fronerty
Revenue
Services
Reimbursements
Revenue. -
27,882
174,532
1,509,888
707,'23
582,539
9,678,h8--
19,313
300,246
1,761,395
472,506
616,283
10,580,9 «
24,172
157,36.4
1,856,418
546,386
408,S5h
11,063,96'
39,600
270,408
2,116,756
586,795
459,552
12,100,555
35,301
285,2-1E
3,692,592
602,079
324,284
13,978,49
34,187
381,412
4,503,017
589,20E
956,823
16,127,647
65,586
487,686
51105,687
685,-,03
'159,060
17,312,254
63,541
619,050
6,073,955
787,657
246,539
18,924,756
82,309
696,847
7,343,762
841,062
291.,216
19,559,933
70,33985
7,073
7,224,565
957,630
215,842
18,646,701
CITY OF BANGOR, MAINE
Property Tax Valuation, Levies and Collections
Last Ten Calendar Years
Assessed
Property
Property
Collections in
Valuation
Tax Rate
Tax Levy
Year of Levy
151, 925, 000
40.60
6,168,155
51665,882
160,040,900
42.50
6,801,738
61261,715
187,854,380
39.50
7,420,225
67750,472
194,558,600
40.40
7,860,122
7,258,591
202,517,660
40.40
8,181,713
7,729,006
217,917,260
42.00
8,927,713
8,535,848
227,784,640
45.00
9,486,451
81886,740
235,479,850
45.30
9,917,054
9,344,192
207,516,620
44.20
9,172,235
8,649,300
402,443,210
21.00
8,451,307
7,909,538
-56-
Table 4
%-age of
Collections
91.8%
92.0
91.5
92.5
94.4
95.6
93.7
94.2
94.3
mw
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
Tax Rate
$ 40.60
42.50
39.50
40.40
40.40
42.00
45.00
45.30
44.20
21.00
Table
CITY OF BANGOR, MAINE
Local Assessed Valuations
Last Ten Calendar Years
Total Assessed Valuation
Real Property
Personal Property
151,925,000
121,513,800
30,411,200
160,040,900
126,725,200
33,315,700
187,854,380
147,241,810
40,612,570
19.4,558,600
153,237,600
41,321,000
202,517,660
159,057,380
43,460,280
217,917,260
167,115,310
50,801,950
227,784,640
173,207,070
54,577,570
235,479,850
179,132,420
56,347,430
207,516,620
184,802,520
22,714,100
402,443,210
369,321,000
33,122,210
-57-
CITY OF BANGOR, MAINE
Legal Debt Margin, Authorized
and Overlapping Debt
December 31, 1978
Statutory Debt Limit:
Table 6
In accordance with 30 MRSA, Section 5061, as amended, "No municipality shall
incur debt which would cause its total debt outstanding at any time, exclusive of
debt incurred for school purposes, for storm or sanitary sewer purposes or for
municipal airport purposes, to exceed 7W16 of its last full state valuation. A
municipality may incur debt for school purposes to an amount outstanding at any
time not exceeding 101/6 of its last full state valuation, for storm or sanitary
sewer purposes to an amount outstanding at any time not exceeding 7W16 of its full
state valuation, and for municipal airport,,water and special district purposes to
an amount outstanding at any time not exceeding 3% of its last full state valuation;
provided, however, that in no event shall any municpality incur debt which would
cause its total debt outstanding at any time to exceed 151/o of its last full
valuation ."
The City of Bangor, Maine, maintains records showing the portion of each loan
included in the $13,188,440 total outstanding indebtedness as of December 31, 1978
of said City which was issued for more than one of the following purposes, to wit.
schools, storm or sanitary sewer, municipal airport, water, and all other purposes.
Acconiir,g to said records, the portion of said aggregate indebtedness issued for
said purposes is as follows:
Debt Limit
Percent of
State Assessed Value
Bonds and Notes of $385,650.000 Amount
For school purposes $ 1,433,577 10% 38,565,000
For storm or sanitary
sewer purposes 2,857,761 7% 28,923,750
For municipal. airport purposes 1,161,128 3% 11,569,500
For water purposes -0- -0-
For special. district purposes -0- -0-
For all other purposes 7,735,974 7'fP/a 28,923,750
Total 13,188,440 15% 57,847,500
Overlapping Debt
The City of Bangor is situated in Penobscot County and is, therefore, subject
to annual assessment of its proportional share of county expense. The 1978
assessment amounted to $223,380.
The Baigur• Recreation Center has outstanding bonds in the Principal :,mount.
of $,1,5E;F,l;nC1. The Center is a district organized pursuant to Chapter 90 of tf.c
private and ;special Laws of Maine (1951-, as amended and is coterminous with the
City of Bangor). To pay both principal and interest on said bonds the Center has
the effective right of taxation on all taxable property within said City.
—58—
Table
CITY OF BANGOR, MAINE
Ratio of Annual Debt Service Expenditures
for
General Bonded
Debt to Total
General Fund Expenditures -
Last Ten Calendar Years
Total
Total
Ratio of Debt
General Bonded
General Fund
Service to Total
Principal
Interest
Debt Service
Expenditures
General Expenditures
$ 519,756
303,850
823,606
9,685,423
8.504/
580,951
339,625
920,576
10,752,794
8.561
672,657
393,236
1,065,893
11,163,210
9.548
652,623
374,153
1,026,776
12,102,792
8.484
678,234
403,741
1,081,975
14,028,428
7.713
11456,814
480,252
1,937,066
15,473,006
12.519
747,754
472,680
1,220,434
17,062,754
7.153
792,474
499,448
1,291,922
18,109,450
7.134
792,476
534,787
1,327,263
18,756,230
7.076
759,360
4611101
1,220,461
20,061,387
6.054
Calendar
Year
1979
1980.
1981
1982
1983
1984
1985
1986
1987
1988
Subsequent
CITY OF BANGOR, MAINE
Debt Service Requirements to Maturity -
General Obligation Bonds
Principal
1,224,000
11165,000
11165,000
1,110,000
895,000
845,000
805,000
785,000
765,000
640,000
3,785,000
Interest
694,754
637,913
582,814
527,716
474,287
427,613
382,420
339,328
297,535
256,408
950,001
Total
Requirement
1,918,754
1,802,913
1,747,814
1,637,716
1,369,287
1,272,613
1,187,420
1,124,328
1,062,535
896,408
4,735,001
Table 8
t%•
--:alendar Year
1969
1970
1971
1972
1973
1974
1975
01`'76
1977
1978
CITY OF BANGOR, MAINE
Ratio of General Bonded Debt to Assessed
Value and General Bonded Debt Per Capita
Last Ten Calendar Years
General Assessed
Bonded Debt Valuation
$ 9,672,400
9,784,960
9,910,520
9,821,080
11,936,640
12,128,200
13,302,760
13,614,320
12,485,880
13,188,440
Based on 1970 Population of 33,428
151,925,000
160,040,900
187,854,380
194,558,600
202,517,660
217,917,260
227,784,640
235,479,850
207,516,620
402,443,210
-61-
Table 9
Ratio of
General Bonded
General Bonded
Debt to
Debt Per
Assessed Value
Capita*
6.4/
$ 289.35
6.1
292.72
5.3
296.47
5.0
293.80
5.9
357.09
5.6
362.82
5.8
397.95
5.8
407.27
6.o
373.52
3.3
394.53
CITY OF BANGOR, 'IA`jxNE
Miscellaneous Statis-lI al Data
December 31, 1978
Date of Incorporation
Form of Government
Area
Streets
Fire Protection:
Number of stations
Number of firemen and officers
Police Protection:
Number of stations
Number of policemen and officers
Education:
Number of schools
Number of teachers
Number of students
Building Permits Issued:
New construction
Alterations
Recreation and Culture:
Number of parks
Number of libraries
Number of volumes
Municipal Employees (exclusive
Full time
Part time
Households
Income for household
Effective buying income
Manufacturing
Wholesale/retail trade
Services
Government
Construction
Transportation/utilities
Other
Unemployed
of education):
Demographic Data
1977 - Income
1977 - Labor Force
1978 - Housing Estimates
Population
dotal units
)wner-occupied
.tingle -family built 1970 - 1978
;ulti-family built 1970 - 1978
-62
ma',I A -10
0
February 12, 1834
Council/Manager
36.03 Square Miles
130 Miles
4
114
1 .
65
13
311
5,112
283
197
25
1
450,000 (approx.) •
586
232
10,820
15,630
13,081.
14.78%
22.19%
19.87%
24.63%
3.78%
6.20%
•95%
7.60%
100.00%
32,710
12,158
5,904
366
977
•