1977CITY OF BANGOR, MAINE
Annual Financial Report
December 31, 1977
(With Accountants' Report Thereon)
PEAT, MARWICK, MITCHELL & CO.
CERTIFIED PUBLIC ACCOUNTANTS
I
II
CITY OF BANGOR,
ANNUAL FINANCIAL
YEAR ENDED DECEMBER
MAINE
REPORT
31, 1977
TABLE OF CONTENTS
Introductory Section:
Letter of Transmittal
Auditor's Opinion
Financial Statements:
Combined Statements
Exhibit
Combined Balance Sheet - All Funds
and Account Groups
AA
Combined Statement of Revenues -
A-3
Estimated and Actual - General.and
Special Revenue Trust Funds
BB
Combined Statement of General Governmental
Expenditures and Encumbrances -Compared
with Appropriations - General and Special
B-2
Revenue Trust Funds
CC
Combined Statement of Cash Receipts,
Disbursements and Bank Balances - All Funds
DD
Combined Statement of Taxes Receivable and
Tax Liens - All Funds
EE
Combined Statement of Long-term Debt Payable
FF
Combined Statement of Investments - All Funds
GG
Combined Statement of Interfund Accounts
HH
General Fund:
Balance Sheet
A-1
Statement of Revenues, Expenditures and
Encumbrances - Budget and Actual
A-2
Statement of Changes in Fund Balance
A-3
Capital Improvement Fund:
Balance Sheet
B-1
Combined Cumulative Statements of Revenues,
Expenditures, Encumbrances and Changes
.in Appropriated Fund Balances
B-2
Combined Statement of Cumulative Revenues
B-3'
Combined Statement of Cumulative'
Expenditures and Encumbrances_
B-4
Statement of Changes in Unappropriated
Fund Balances
B-5
(continued)
2
CITY OF BANGOR, MAINE
ANNUAL FINANCIAL REPORT, CONTINUED
YEAR ENDED DECEMBER 31, 1977
TABLE OF CONTENTS, CONTINUED
II Financial Statements, Continued
International Arrivals Building Fund:
Balance Sheet
Cumulative Statement of Revenues, Expenditures
and Changes in Fund Balance
Enterprise Funds:
Combined Balance Sheet
Sewer Utility Fund -
Statement of Operations
Statement of Changes in Retained Earnings
Statement of Changes in Financial Position
Airport Fund -
Statement of Operations
Statement of Changes in Retained Earnings
Statement of'Changes in Financial Position
Hospital Fund -
Statement of Operations
Statement of Changes in Retained Earnings
Statement of Changes in Financial Position
Trust and Agency Funds:
Combined Balance Sheet
Trust Funds - Statements of Revenues,
Expenditures and Changes in Fund Balances
Federal Revenue Sharing Trust Fund -
Statement of Revenues, Expenditures and
Changes in Fund Balances
Agency Funds - Amounts Held for Others
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
Notes to Financial Statements
Exhibit
(continued)
C-1
C-2
D-1
D-2
D-3
D-4
D-5
D-6
D-7
D-8
D-9
D-10
E-1
E-2
E-3
E-4
F-1
F-2
901
3
CITY OF BANGOR, MAINE
ANNUAL FINANCIAL REPORT, CONTINUED
YEAR ENDED DECEMBER 31, 1977
TABLE OF CONTENTS, CONTINUED
III Supplementary Data and Statistical Tables: Table
Assessed Valuation, Commitment and Collections
1
General Fund Expenditures by Function -
Last Six Calendar Years
2
General Fund Revenues by Source - Last Six
Calendars Years
3.
Property Tax Valuations, Levies and Collections -
Last Ten Calendar Years
4
Local Assessed Valuations - Last Six
Calendar Years
5
Legal Debt Margin, Authorized But Unissued
Debt and Overlapping Debt
6
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General
Expenditures - Last Six Calendar Years
7
Outstanding Municipal Debt - General Obligation
Bonds
8
Ratio of General Bonded Debt to Assessed Value
and General Bonded Debt per Capita - Last Six
Calendar Years
9
Miscellaneous Statistical Data
10
Bangor, the center of Maine --the Gatetwy to Maine's North Woods and Seashore Resorts
THEODORE C. JELLISON
Finance Director
Q2i#� of 22agar, eine
March 27, 1978
John W. Flynn, City Manager
City of Bangor, Maine
Dear Mr. Flynn:
The Annual Financial Report of the City of Bangor,. Maine for
the fiscal year'ended December 31, 197? is herewith submitted.
General Fund Activity
Total General Fund revenues continued to increase in 1977
despite a reduction in taxes of $1.10 per thousand. The total
revenue for 1977 increased $635,176 (3.496) over 1976 levels. The
amount of revenue from various sources and the increases over
last year are shown in the following table:
Source.
Taxes
Licenses
Intergovernmental
Charges for Services
Fines
Miscellaneous
Reimbursements
$ 19,559,932 100% $ 635,176
The City's assessed valuation base increased $6,848,030 during
1977 to $207,516,620 an increase of 3.4%.
Current 't'ax collections were 94.69% of the 1977 tax levy at
December 31, 1977, up •59% over the preceding year.
Inc. (Dec.
Amount %
of Total
Over 1976
$ 10,131,164
51.8%
$ (858,029)
173,573
•9
28,752
7,343,762
37.5
1,269,807
841,062
4.3
53,405
82,309
.4
18,768
696,847
3.6
77,797
291,215
1.5
44,676
$ 19,559,932 100% $ 635,176
The City's assessed valuation base increased $6,848,030 during
1977 to $207,516,620 an increase of 3.4%.
Current 't'ax collections were 94.69% of the 1977 tax levy at
December 31, 1977, up •59% over the preceding year.
General Fund expenditures
increase of. 4.4/ over the 1976
areas over the preceding year
General Government
Public Safety
Health, Welfare
and Recreation
Public Services
Pensions
Debt Service
County Tax
Public Library
Education
Other
total $19,029,270 in 1977, an
spending level. Changes for major
are shown.in the.following table:
1,537,318
2,901,130
915,558
972,574
206,811
232,185
8,255,815
373,463
19,029,270
Inc. (Dec.
of Total Over 1976
The General Fund cash balance of $3,323,414 was up $2,004,604
at December 31 from 1976, guaranteeing a solid cash position entering
1978 and delaying for several months our tax -anticipation borrowing
needs.
Outstanding general obligation
$10,983,000 of which $2,720,533 are
The remainder of $8,262,467 is net
General Fund revenues.
Bangor's bonds
Aa rating and
Capital Improvement Fund
bonds at year end totaled
supported by Sewer user fees.
City debt to be paid from
maintain their Moody
improve that rating
The proceeds of the general obligation bonds issued for major
capital facilities are accounted for in this fund until the projects
are completed. During 1977, project costs of $3,357,887 were paid in
the Capital Improvement Fund and the fund balance now totals $717,841.
John W. Flynn, City Manager
Enterprise Funds
The Sewer, Airport and Hospital Funds each completed the 1977
fiscal year with a net profit from operations. The following table
shows those results:
Sewer
Operating Revenues $
738,639
Operating Expenses
(282,284)
$
456,355
Depreciation
(chargeable)
(81,753)
Interest Expense
(151,706)
Net Profit (Loss) $
222,896
Independent Audit
Airport Hospital
$ 3,809,469 $ 856,286
2,724,696 814,512
$ 1,084,773 $ 41,774
(98,826)
(133,129)
$ 852,818
(189)
(4,480)
$ 37,105
The City charter requires that an independent audit be conducted
of the books of accounts and transactions of the City annually. The
annual audit was conducted for the second straight year by the firm
of Peat, Marwick, Mitchell & Co. Their opinion is included with the
accompanying report.
Respectfully submitted,
Theodore C. Jelli o
Finance Director
TCJ/br
PEAT, MARWICK, MITCHELL & CO.
CERTIFIED PUBLIC ACCOUNTANTS
P. O. BOX 507
TWO CANAL PLAZA
PORTLAND, MAINE 04111,
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,
1977 as listed under the exhibits in the accompanying table of contents.
Our examination was made in accordance with goner -ally a-ccepted 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, 1977, 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 21, 1978
Exhibit AA
CITY OF
BANGOR, MAINE
COMBINED BALANCE SHEET
- ALL FUNDS
AND ACCOUNT
GROUPS
DECEMBER 31, 1977
Capital
International
Sewer
Trust and
General General
General
Improvement
Arrivals
Utility
Airport
Hospital
Agency
Fixed Long-term
Assets.and Other Debits
Fund
Fund
Building Fund
Fund
Fund
Fund.
Funds.
Assets Debt
Cash $
3,323,414
1,444,390
.10
250,036
303,580
11,367
205,943
Investments
373,875
Receivables (Net where
applicable, of Allowances
for Estimated Uncollectible
Amounts):
Accounts receivable
319,344
1,296,664
44,600
92,737
267,754
140,754
318,224
Taxes, including interest,
penalties and liens
723,885
Special assessments
411,287
Notes
96,842
Due from Other Funds
568,541
44,610
Inventories
605,855
13,124
44,179
1,080
Prepaid Expenses
18,863
1,047
4,091
407
Advances to Other Funds
400,000
Property, Plant and
Equipment (Net of
Accumulated
Depreciation)
14,502,892
114,108,857
927,990
31,578,320
Amount to be Provided
for Retirement of
Bonds and Notes
12,582,722
Deposits
1,193,524
107,006 .
Other Assets
2,610
1,225,378
39,392
$ 5,562,512
3,596,951
44,610
16,150,202
116,060,844
1,081,598
937,434
31,578,320 12,582,722
CITY OF BANGOR, MAINE
COMBINED BALANCE SHEET - ALL FUNDS AND ACCOUNT GROUPS, CONTINUED
Capital international Sewer
General 'Improvement Arrivals Utility
Liabilities Fund Fund Building Fund Fund
Accounts Payable $ 209,904 1,341,901 12,038
Amounts Held by Agency
Funds for Others
Due to Other Funds
Advances from Other
Funds
Advances from Other
Agencies
Customer Deposits
C-arrent 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
71,749
44,610
10,563
225.,884
281,65.3 1,3411901 44,610
251,333
400,000
Fund Balances/Retained
Earnings:
Investment in General
Fixed Assets
Fund Balances 5,029,526 1,855,050
Retained Earnings
5,562,512 3,596,951
See accompanying notes to financial statements.
Airport
Fund
62,444
460,000
400,000
99,641
248,485 1,022,085
2,494,643 1,161,129
4,595,674 113,006,555
6,631,365
184,988
Exhibit AA, Con't..
Trust and General General
Hospital Agency Fixed Long-term
Fund Funds Assets Debt
9,663
145,851
108,541
12,582,722
118,204 145,851. 12,582,722
923,303
2,986
31,578,320
791,583
1,995,047 871,075 37,105
44,610 16,150,202 116,060,844 1,081,598 937,434 31,58,320 12,582,722
CITY .OF BANGOR, MAINE
GENERAL AND SPECIAL REVENUE TRUST FUNDS
COMBINED STATEMENT OF REVENUES - ESTIMATED AND ACTUAL
YEAR ENDED DECEMBER 31, 1977
Source and Fund
Taxes: General Fund
Licenses and Permits: General Fund
Intergovernmental Revenue:
General Fund
Federal Revenue Sharing Trust Fund
Charges for Services: General Fund
Fines, Forfeitures and Penalties:
General Fund
Miscellaneous Revenue: General Fund
Reimbursements: General Fund
Total Revenues
Estimated
Revenues
$ 9,967,235
158,150
6,951,625
1,260,000
8,211,625
818,113
69,125
505,897
288,078
$ 20,018,223
See.accompanying notes to financial statements.
Exhibit BB
.Actual
Revenues
10,131,164
173,573
7,343,762
1,273 033
8,616,795
841,062
82,309
69.6,847
291,215
.20,832,965
Exhibit CC
CITY OF BANGOR, MAINE
GENERAL AND SPECIAL REVENUE TRUST FUNDS
COMBINED STATEMENT OF GENERAL GOVERNMENTAL EXPENDITURES
AND ENCUMBRANCES COMPARED WITH APPROPRIATIONS
YEAR ENDED DECEMBER 31, 1977
Actual Expenditures
Function and Fund Appropriations and Encumbrances
i
General Government: General Fund $ 1,092,653
2,581,098
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
Federal Revenue Sharing Trust Fund
Total General Government
Expenditures and Encumbrances
1,624,850
2,902,972
1,946,850
8,621,703
325,510
1,260,000
1,585510
$ 20,355,636
See accompanying notes to financial statements.
955,180
2,537,640
I
r
1,509,980
2,898,630
1,930,338
81593,205
331,257
1,292,987
1,624,244
20,049,217
CITY OF BANGOR, MAINE
COMBINED STATEMENT OF CASH RECEIPTS,
DISBURSEMENTS, AND BANK BALANCES - ALL FUNDS
YEAR ENDED DECEI'1BER 31, 19'j7
Balance at
Beginning of Year
General Fund $ 1,318,810
Capital Improvement
Fund
2,409,798
International
Arrivals Building
74
Enterprise Funds:.
Sewer Utility Fund
233,835
Airport Fund
259,724
Hospital Fund
2,716
Trust and Agency Fund
1811164
Total All Funds $ 4,406,121
Bank Balances:
Receipts
48,028,379
Disbursements
46,023,775
10,732,762 11,698,170
137,299
845,413
3,481,997
912,578
-5,727,582
69,866,013
137,363
829,212
3,438,141
903,927
5,702,806
68,733,394
Balance per banks
Less: Outstanding Checks
Plus: Deposits in Transit
Petty Cash
Community Development Fund - Deficit Cash Balance
Total All Funds
See accompanying notes to financial statements.
Exhibit DD
Balance at
End of Year
3,323,414
11444,390
10
250,036
303,580
11,367
205,943
5,538,740
$ 5,667,310
1,272,602
1,017,874
3,188
122,970
$ 5,538,740
CITY OF BANGOR, MAINE
COMBINED STATEMENT OF TAXES RECEIVABLE
AND TAX LIENS - ALL FUNDS
DECEMBER 31, 1977
Taxes, by Years of Levy:
1970 and PRIOR
1971
1972
1973
1974.
1-975 -
1976
1977
Total Taxes Receivable - All Funds
Less: Estimated Uncollectible Taxes
Net,Taxes Receivable - All Funds
Exhibit EE
General Fund
Taxes Receivable Tax Liens
176
$ 1,315
580
1 , 531 .
11079
1,397
11140
1,529
61999
2,043
12,004
22,271
19,022
.167;379
535,158
-
See accompanying notes to financial statements.
576,158 197,465
$ 526,420 $ 197,465
Exhibit FF
CITY OF BANGOR, MAINE
COMBINED STATEMENT OF LONG-TERM
DEBT PAYABLE
DECEMBER 31, 1977
Bonds
and Notes
Final
Annual
Interest
Issue
Maturity
Serial
Rates
Date
Date
Payments
Authorized
Issued
Retired
Outstanding
General Obligation Bonds
Permanent Public Improvements
3.60.16
8/1/57
8/1/77
$ .5,000
$
100,000
100,000
100,000.-
00,000`Sewer
Sewer
3.30
11/1/57
11/1/77
6,000
120,000
120,000
120,000
-
Permanent Public Improvements
3.70
10/1/59
10/1/79
39,000
780,000
780,000
702,000
78,000-
Capital Improvements
3.40
8/1/60
8/1/82
20,000
435,000
435,000
340,000
95,000
(15,000 in 1982)
Sewer
.3.38
8/1/61
8/1/83
20,000
435,000
435,000
320,000
115,000
(15,000 in 1983)
Urban Renewal
3.00
3/1/62
3/1/79
20,000
340,000
340,000
300,000
40,000
High School
3.00
8/1/62
8/1/82
160,000
3,200,000
3,200,000
2,400,000
800,000
genduskeag Stream Improvement
3.00
8/1/62
8/1/82
85,000
1,650,000
1,650,000
1,275,000
375,000
(35,000 in 1982)
Permanent Public Improvements
3.00
9/1/63
9/1/83
20,000
400,000
400,000
280,000
120,000
Permanent Public Improvements
3.00
3/1/64
3/1/84
25,000
485,000
485,000
325,000
160,000
(10,000 in 1984)
General Public Improvement
3.10
9/1/65
9/1/86
15,000
315,000
315,000
180,000
135,000
General Public Improvement
4.00
12/1/66
12/1/87
10,000
210,000
210,000
110,000
100,000
Street and Sewer
4.00
12/1/66
12/1/86
5,000
.100,000
100,000
55,000
45,000
Interceptor Sewer and Treatment
Plant
3.70
7/1/67
7/1/87
70,000
1,400,000
1,400,000
700,000
700,000
Permanent Public Improvements
4.00
9/1/67
9/1/87
35,000
700,000
700,000
350,000
350,000
Permanent Public Improvements
4.10
9/1/68
9/1/88
35,000
690,000
690,000
315,000
375,000
(25,000 in 1988)
Permanent Public Improvements
5.75
8/15/69
8/15/89
55,000
1,060,000
1,060,000
440,000
620,000
(15,000 in 1989)
Permanent Public Improvements
6.50
7/1/70
7/1/85
50,000
720,000
720,000
350,000
370,000
(20,000 in 1985)
Permanent Public Improvements
4.90
5/1/71
5/1/91
35,000
690,000
690,000
210,000
480,000
(25,000 in 1991)
Permanent Public Improvements
4.60
3/1/72
3/1/92
..55,000
1,060,000
1,060,000
275,000
785,000
(15'000 in 1992)
Permanent Public Improvements
5.00
7/15/73
7/15/93
100,000
2,000,000
2,000,000
400,.000
1,600,000
Permanent Public Improvements
6.50
8/1/75
8/1/95
205,000
4,050,000
4,050,000
410,000
3,640,000
(155,000�in 1995)
Total General Obligation Bonds
$
20,940,000 20,940,000
9,957,000
10,9831000
General Obligation Notes
Fairmount Terrace Park Note
5.75
10/30/69
10/30/79
4,440
44,400
44,400
35,520
8,880
Permanent Public Improvements
5.00
12/15/73
12/15/78
54,000
270,000
270,000
216,000
54,000
1977 Bond Anticipation Note
3.25
7/27/77
7/27/78
2,090,000
1,440,000
-
1,440,000
Total General Obligation Notes
$
22404,400 1,754,400
251,520
.1,502,880
Interfund Note-Sewer Utility.Fund
Variable 1975
Variable$
165,700
165,700
68,858
96,842.
See accompanying notes to financial
statements.
CITY OF BANGOR, MAINE
COMBINED STATEMENT OF INVESTMENTS - ALL FUNDS
DECEMBER 31, 1977
Interest Maturity Par
Description Rates Dates Value Cost
Trust and A�-,encv Funds:
American Tel & Tel
4
3/8%
Cleveland Electric
8/15/88
5,000
Illumination Co.
4
3/8%
New York Telephone Co.
4
1/2010
Pacific Tel & Tel Co.
4
3/8%
Philadelphia Electric Co.
4
3/8%
U.S. Treasury Bonds
3
1/4%
U.S. Treasury Bonds
4
%
U.S. Treasury Bonds
7
%
U.S. Treasury Notes
7
5/8%
U.S. Treasury Notes
7
7/8%
Other
- -Total - All Funds - -
4/1/85 $ 5,000
Marke
4/1/94
5,000
5/15/91
5,000
8/15/88
5,000
12/1/86
5,000
6/15/83
50,000
2/15/80
50,000
5/15/98
100,000
6/30/80
75,000
5/15/86
85,000
--$-385,000
-$
385,000
See accompanying notes to financial statements.
Exhibit GG
Marke t
Value
4,903 4,056
4,906
3,250
4,888
3,550
4,818
3,575
4,925
3,656
44,250
41,219
49,000
46,938
93,765
93,313
74,770
75,516
85,000
85,5,58
2,650
`
373,875-' 360 631
CITY OF BANGOR, MAINE
COMBINED STATEMENT OF INTERFUND ACCOUNTS
DECEMBER 31, 1977
General Fund:
Airport Fund
Hospital Fund
Capital Improvement Fund:
International Arrivals Building Fund
International Arrivals Building Fund:
Capital Improvement Fund
Sewer Utility Fund:_._
Airport Fund:
General Fund
Hospital Fund:
General Fund
Trust and Agency Funds:
Total Interfund Accounts
Due From
Other Funds
Exhibit HH
Due To
Other Funds
$ 460,000 -
108,541 -
568,541 -
44,610 -
44,610
See accompanying notes to financial statements.
W� •��.w
Ino F -i 11
r-�1z �1 c::11
Exhibit A-1
CITY OF BANGOR, MAINZ;
GENERAL FUND
BALANCE SHEET
DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR DECEMBER 31, 1976
Assets
Cash
Accounts Receivable (less allowance for estimated
uncollectible accounts, 1977 - $40,000;
1976 - $32,631)
Taxes Receivable (less allowance for estimated
uncollectible taxes, 1977 - $49,738; 1976 -
$18,395) (Exhibit EE)
Tax Liens Receivable (Exhibit EE)
Inventories (Note 2)
Prepaid Expenses
Due from Hospital Fund,
Due from Sewer Utility Fund
Due from Airport Fund
Due from Capital Improvement Fund
Other Assets --
Liabilities and Fund Balance
Liabilities:
Accounts Payable
Contracts Payable.
Advances from Other Governmental Agencies
Total Liabilities
Encumbrances Outstanding
Fund Balance (Exhibit A-3)
Appropriated (Note 3)
Unappropriated
Total Fund Balance
Contingent Liability (Note 11)
See accompanying notes to financial statements.
1977 1976
$ 3,323,414 1,318,810
319,344 438,475
526,420
622,971
197,465
147,616
605,855
571,049
18,863
13,89.0
108,541
.132,234
=
85,000
460,000
985,000
-
91-'900
2,610 12,684 -
$ 5,562,512 4.,419,629
$ 209,904 48,057
11,901
71,749 57,502
281,653
117,460
251, 333
347 194
1,072,773
616,824
3,956,753
3,338,151
5,029,526
3,954,975
$ 5,562,512 4,419,629
Exhibit A-2
CITY OF BANGOR, MAINE
GENERAL FUND
STATEMENT OF REVENUES,.EXPENDITURES AND
ENCUMBRANCES - BUDGET AND ACTUAL
YEAR ENDED DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1976
1971. 1976
Revenues budget Actual Actual
Taxes:
Real property taxes $
8,168,272
8,178,894
8,122,711
Personal property taxes
1,003,963
1,003,963
2,034,405
Penalties and interest on delinquent taxes.
70.000
75,070
69,068
Automobile excise taxes
725,000
873,237
763,009
Total Taxes
9,967,235
10,131,164
10,989,193
Licenses and Permits:
647,059
693,159
611,621
Street use permits
124,350
134,421
110,086
Non -business licenses and permits
19,300
25,714
20,731
Business/professional licenses and permits
9,650
8,549
8,741
Other licenses and permits
4,850
4,889
5,263
Total Licenses and Permits
158,150
173,573
144,821
Intergovernmental Revenue:
State reimbursement for business
122,000
120,377
- 110,997
inventory tax
741,172
876,701
-
State revenue sharing
520,906
553,142
506,484
State grants
3,515,276
3,501,299
3,325,464
Federal revenue sharing
1,260,000
1,292,987
1,551,098
Federal grants
199,647
189,460
147,891
Payments in lieu of taxes
32,500
39,500
36,058
Civil Emergency Preparedness
-
-
28,269
Miscellaneous
682,124
890,673
478,691
Total Intergovernmental Revenue
6,951,625
7,343,762
6,073,955
Charges for Services:
General government
25,250
29,427
29,881
Public safety
65,170
53,842
26,969
Highways and streets
30,000
-
-
Sanitation
1,500
3,913
1,105
Health
9,000
11,408
12,657
Schools
647,059
693,159
611,621
Cemetaries
16,700
18,866
21,247
Public buildings
5,084
8,776
51370
Recreation
18,350
21,671
78,807
Total Charges for Services
818,113
841,062
787,657
Fines, Forfeitures and Penalties
69;125
82,309
63,541
Miscellaneous Revenues:
Municipal auditorium fees
122,000
120,377
- 110,997
Municipal golf course fees
83,700
76,083
72,717
Interest on time deposits
60,000
146,493
102,093
Bus fares and revenues
217,216
218,562
204,002
Other
22,981
135,332
129,241
Total Miscellaneous Revenues
505,897
.696,847
619,050
Reimbursements:
Veterans reimbursement
3,000
-
-
General government - Miscellaneous
400
492
396
Bangor Urban Renewal Authority - Planning
38,088
36,058
33,972.
Parking and modernization
8,000
5,000
7,500
Welfare
49,500
60,575
26,391
Bangor Fair Corp.
189,090
189,090
178,280
Total Reimbursements
288,078
291,215
246,539
Total Revenues
$ 18,758,223
19,559,932
18,924,756
(Continued)
Exhibit A-2, Con't.
CITY OF BANGOR, MAINE
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND ENCUMBRANCES -
BUDGET AND ACTUAL, CONTINUED
Public Safety:
Police 666
1977
Authorization
1,065,619
1977 Actual
Expenditures
1,543
967,748
Ta -lances
arriedota�
1,371,732
1,318,757
24,068
1,342,825
1 -
Balances Carried
1976
Forward -Beginning
122,555
116,850
Total
116,886
Actual
Forward -End
Actual
of
Year `
Appropriation
Authorization
Expenditures Encumbrances
Expenditures
of Year
'-Expenditures
Expenditures and Encumbrances:
2,503,185
34,455
2,537,640
15,163
2,295,425
Health, Welfare and Recreatior.i
General Government:
Hospital Deficit
60,162
601162
-
Council
$
11,529
11,529
6,294
691,661
6,294
5,000
17,944
Executive
500
206,289
206,789
205,342
1,423
206,765
190,777
City Clerk
246,856
84,964
84,964
84,433'
180
84,613
568,278
88,544
.Finance
Total Health, Welfare
176,400
176,400
175,781
522
176,303
174,403
Registration of Voters
1,624,850
27,115
27,115
26,628
.485
27,113
1,587,810
25,258
Assessment
146,311
146,311
107,728
490
108,218
37,594
80,393
Legal
200
43,927
44,127
43,992
43,992
.35,368
Personnel
41,950
41,950
41,517
50
41,567
31,623
Economic Development,
Research & Planning
2,685
152,415
155,100
140,929
140,929
2,865
130,152
Insurance
124,142
124,142
42,735
42,735
80,974
115,533
Contributions to Other
Agencies
77,611
77,611
76,651
76,651
125,980
Total General
Government
3,385
1,092,653
1,096,038
952,030
3,150
955,180
126,433
1,015,975
Public Safety:
Police 666
1,084,408
1,085,074
1,065,619
10,351
1,075,970
1,543
967,748
Fire
1,371,732
1,371,732
1,318,757
24,068
1,342,825
13,620
1,203,496
Code Enforcement
122,555
122,555
116,850
36
116,886
114,531
Civil Defense
2,403
2,403
11959
1,959
9,650
Total Public Safety 666
2,581,098
2,581,764
2,503,185
34,455
2,537,640
15,163
2,295,425
Health, Welfare and Recreatior.i
Hospital Deficit
60,162
601162
-
132,090
Health 29,292
691,661
720,953
655,764
413
656,177
9,438.
594,131,
Welfare
285,646
285,646
285,525
285,525
246,856
Parks and'Recreation
587,381
587,381
568,027
251
568,278
17,900
614,733
Total Health, Welfare
and Recreation 29,292
1,624,850
1,654,142
1,509,316
664
1,509.980
27,338.
1,587,810
(Continued)
Exhibit A-2, Cont.
CITY OF BANGOR, MAINE
GENERAL FUND
STATEMENT_ OF REVENUES, EXPENDITURES, AND.ENCUMBRANCES -
BUDGET AND ACTUAL, CONTINUED
1977.Authorization
1977 Actual Expenditures
Balances Carried
Total
Balances Carried
1976
Forward -Beginning
Total
Actual
Forward=End
Actual
of Year
Appropriation
Authorization
Expenditures
Encumbrances
Expenditures
of Year
Expenditures
Expenditures and Encumbrances,,Continued:
Public Buildings and Services:
Public Buildings
67,888
67,888
66,052
66,052
65,657
Public Services 850
2,313,218
2,314,068
2,306,008
5,023
2,311,031
2,500
1,898,171
Motor Pool
521,866
521,866
475,422
46,125
521,547
436,696
Total Public Buildings
and Services 850
2,902,972
2,903,822
2,847,482
51,148
2,898,630
2,500
2,400,524
Miscellaneous:
Harbors and Wharves
988
Pensions and Other
Fringe Benefits
937,442
937,442
915,558
915,558
891,852
Contingency 7,025
35,000
42,025
42,206
42,206
156,120
Debt Service
974,408
974,408
972,574
972,574
923,476
Total Miscellaneous 7,025
1,946,850
1,953,875
1,930,338
-
1,930,338
-
1,972,436
Other Agencies:'
Taxes Paid to County
206,811
206,811
206,811
206,811
246,240
Public Library
232,185
232,185
232,185
232,.185
213,056
Education 73,475
8,182,707
8,256,182
7,994,787
159,422
8,154,209
101,606
7,988,330
Total Other Agencies 73,475
8,621,703
8,695,178
8,433,783
159,422
8,593,205
101,606
8,447,626
Other Appropriations:
Overlay (allowance for
uncollectible taxes)`
81,442
81,442
64,963
64,963
48,453
Bad Debt Expense
22,226
22,226
44,831
Recreation District Tax
244,068
244,068
244,068
244,068
234,370
Appropriated Surplus
62,000
-
325,510
325,510
331,257
-
331,257
-
389,654
Total Expenditures
and Encumbrances $ 114 ,,693
19,095,636
.19,210,329
18,507;391
24-8 8
18;7.56,23Q
273,040
18,109,450
Budgeted Utilization
of Surplus
(337,413)
(337,413)
Excess of Revenues and
Budgeted Utilization of Surplus
over Expenditures and Encumbrances
Exhibit A-3
1,141,115
815,306
See accompanying notes to financial
statements.
Exhibit A-3
CITY OF BANGOR, MAINE
GENERAL FUND
STATEMENT OF CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31', 1976
-1977 1976
Unappropriated Appropriated Unappropriated Appropriated
Fund balance,
beginning of.year $ 3,338,151 616,824 2,473,085 584,578
Add:
Excess of revenues
over expenditures
(Exhibit A-2) 191419115 815,306
Budgeted appropriation
to surplus 62,000
Net addition to re-
placement accounts for:
Automotive Equipment 133,318 136,792
Bus Service Equipment 105,623 57,566
Bass Park Labor Project - (174,352)
Fire Equipment .31,631
Deduct:
Tax liens transferred to
City -owned property -
Net of Sales 277
Budgeted Utilization
of Surplus (337,413)
Transfers:
Utilization of balances
carried forward -
beginning of year 114,693 (114,693) 102,453 (102,453)
Balances carried forward -
end of year (273,040) 273,040 (114,693) 1141693
School department
appropriated fund balance (27,030) 27,030
Fund Balance,
end of year $ 3,956,753 1,072,773 _3,338,151 616,824
(Exhibit A-1)
See accompanying notes to financial statements.
Exhibit B-1
CITY OF BANGOR, MAINE
CAPITAL IMPROVEMENT FUND
BALANCE SHEET
DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR DECEMBER 31, 1976
Assets
Cash $
Accounts receivable
Accrued reimbursements receivable
Receivable from Bangor Fair Corp.
Due from International Arrivals Building Fund
Due from Community Development Fund (Note 9)
Deferred Special Assessments Receivable:
Sewer Construction
Street Construction
Advances to Airport Fund
Liabilities, Reserves, and Fund Balances
Accounts payable and encumbrances outstanding
Due to General Fund
Reserve for:
Advance to Airport Fund
Fund balance:
Unappropriated - (Exhibit B-5) (Note 4)
Future Construction General Fund
Future Construction - Sewer Utility Fund
Future Construction - Airport Fund
Deferred Special Assessments
Appropriated (Exhibit B-2)
1977
1,444,390
126,950
1,169,714
44,610
202,074
209,213
400,000
$ 3,596,951
1,341,901
400,000
207,004
461,912
57,006
411,287
217,841
$ 3,596,951
See accompanying notes to financial statements.
1976
2,409,798
344,191
136,822
91,900
163,800
50,000
159,655
22,874
500,000
3,879,040
1,007,543
91,900
500,000
164,775
312,949
48;047
182,529
1,571,297
3,879,040
Exhibit B-2
CITY OF BANGOR, MAINE
CAPITAL IMPROVEMENT FUND
Combined Cumulative Statement of Revenues, Expenditures, Encumbrances
And Changes in Appropriated Fund Balances
Year Ended December 31, 1977
(Continued)
Cumulative
Project
Cumulative
Expenditures
Appropriated
Authorization
Revenues
And Encumbrances
Fund Balance
Project (Memorandum Only)
(Exhibit B-3)
(Exhibit B-4)
December 31, 1977
GENERAL FUND
BUILDINGS
City Hall -Permanent
Improvements $
70,400
70,400
29,678
40,722
New Fire Station
1,160,000
1,160,000
1,097,432
62,568
Municipal Auditorium
Improvements
127,614
127,614
97,047
30,567
Police Station Building.
Improvements
74,967
Public Works Building
477,000
453.,466
451,618
1,848
LAND
New Fire Station Site
350,000
350,000
239,202
-00,798
STREETS
Airport Industrial Park
100,000
100,000
57,781
42,219
Bangor Water District
50,000
Broad Street East
13,000
Brookside Drive
65,000
Godsoe Road Construction
77,798
77,798
62,798
15,000
Husson Avenue
215,000
Judson Heights Subdivision
388,363
Mildred Avenue Street
Construction
15,000
15,000
15,000
Reconstruction of Streets
485,635
Bangor Mall - Hogan Road
75,000
State Aid Construction -
Undesignated
359,385
(80,800)
(80,800)
Judson Heights, Part B
171,670
1]1,670
161,888
9,782
Hammond Street Paving
12,400
12,400
10,374
2,026
Kenduskeag Associates
Subdivision
162,700
Glenwood Subdivision
170,000
170,000
173,492
(3,492)
SIDEWALKS
Harlow Street Sidewalk
32,759
Sidewalk Improvements
267,241
13,500
6.,771
6,729
ELECTRICAL
Forest Avenue Lights
2,000
2,000
512
1,488
Main & Union Streets
Traffic Lights
8,000
8,000
7,393
60'
State StreetLighting
22,900
22,900
14,717
8,183.
Traffic Control System
68,129
68,129
11,835
56,294
Husson Avenue Lighting
2,100
2,100
761
1,339
(Continued)
Exhibit B-2, Con't.
CITY OF BANGOR, MAINZ?
CAPITAL IMPROVEMENT FUND
Combined Cumulative Statement of Revenues, Expenditures, Encumbrances
And Changes in Appropriated Fund Balances, Continued
Year Ended December 31, 1977
Cumulative
Project Cumulative Expenditures Appropriated
Authorization Revenues And Encumbrances Fund Balance
Project (Memorandum Only) (Exhibit B-3) (Exhibit B-4) December 31, 1977
GENERAL FUND, Continued
OTHER PROJECTS
Civic Center
1,683,554
1,535,668
1,537,785
East Side Improvements
Phase 3
266,500
239,632
237,348
Garland Street Field
Lighting
70,000
70,000
672
Kenduskeag Stream Park
276,000
179,715
178,488
Pedestrian Walkway -
Planning
10,000
Fire Department Ladder Truck
155,000
155,000
140,418
Pedestrian Walkway
302,676
303,895
298,895
Solid Waste Incinerator
300,000
300,000
59,987
Union Street Recreation Area
120,000
120,000
120,577
York Hancock - NDP
155,595
107,951
108,133
Columbia Street Parking Deck
7,000
7,000
6,577
Blanchard Street Storm Sewer
2,500
Bangor Water Works
8,000
Bass Park 1,514,600
1,�14,600
1,495,211
Total General Fund 9,895,486
7.277,638
6,622,390
SEWER FUND
Airport Lateral Sewer
230,529
Bakerville Sanitary Sewer
75,000
75,000
70,767
Grant Street Sewer Extension
2,300
Hewey Street Sewer
1,800
Kenduskeag Stream Interceptor
Sewer (Stage 4)
26,923
Penobscot East Interceptor -
Planning
6,750
Sewer Inflow Analysis
19;527
Sewerage Facility Planning
92,200
92,200
96,153
Strickland Road Collector
90,000
Union Street Extension
5,700
Griffin & Kenduskeag Avenue
Sewers
80,265
80,265
81,426
Dunning Boulevard Sewer
Extension
7,000
71000
5,074
Burleigh Road Sanitary Sewer
33,000
33,000
22,873
Union Street Sewer Extension
14,500
K -Mart Sewer Relocation
11,000
11,000
9,995
College Park Subdivision -
Sewers
21,000
21,000
11,190
Rainbow Trailer Park_- Sewer
49,000
49,000
6,794
Total Sewer Fund
766,494
368,465
304,272
BANGOR INTERNATIONAL AIRPORT
Airport Air Conditioning 50,000 50,000 51,564
AGENCY FUND
Target Area Special Building 262,669 43,4.87 43,523
Grand Total $ 10,974,649 7,739,590 _7,021,749
(Exhibit B-1)
See accompanying notes to financial statements.
(2,117)
2,284
69,328
1,227
14,582
5,000
240,013
(577)
(182)
423
19,389
655,248
. 4,233
(3,953)
(1,161)
1,926
10,127
1,005
9,810
42.206
64,193
(1,564)
(36)
712, 841
Exhibit B-3
.CITY OF BANGOR, MAINE
CAPITAL IMPROVEMENT FUND
COMBINED STATEMENT OF CUMULATIVE REVENUES
YEAR ENDED DECEMBER 31, 1977
(Continued)
CURRENT YEAR REVENUES
Transfers
Federal,
Total
Cumulative
Cumulative
From (To)
State,
Current
Revenues
Revenues
Reserves For
Appropriation
And Other
Year
Completed
December 31, 1977
PROJECT
December 31, 1976
Future Construction
Transfers
Grants
Revenues
Projects
(Exhibit B-2)
GENERAL FUND
BUILDINGS
City Hall -
Permanent Improvements
4
70,400
,
70,400
New Fire Station
1,160,000
1,160,000
Municipal Auditorium
Improvements
127,614
127,614
Police Station Building
Improvements
56,021
18,946
18,946
(74,967)
Public Works Building
453,466
453,466
453,4-66
LAND
New Fire Station Site
350,000
350,000.
STREETS
Airport Industrial Park
100,000
(30,000)
100,000
Bangor Water District
30,000
(13,000)
Broad Street East
Brookside Drive
13,000
65,000
(65,000)
(65,000)
Godsoe Road Construction
84,000
(61202)
(6,202)
.77,798
Husson Avenue
215,000
(215,000)
Judson Heights Subdivision
383,000
5,363
5,363
(388,363)
Mildred Avenue Street Construction 15,000
Reconstruction of Streets 435,000
50,635
50,635
(485,635)
15,000
Bangor Mall - Hogan Road
75,000
75,000
(75,000)
State Aid Construction -
(80,800)
(80,800)
(80,800)
Undesignated
Judson Heights, Part B-
171,670
171,670
171,670
Hammond Street Paving
6,600
5,800
12,400
12,400
Kenduskeag Associates Subdivision 162,700
(162,700)
(162,700)
Glenwood Subdivision.
47,300
(60,000)
182,700
122,700
170,000
SIDEWALKS
Harlow Street Sidewalk
32,759
(32,759)
Sidewalk Improvements
267,242
(253,742)
13,500
(Continued)
Exhibit B-3, Con't.
CITY OF BANGOR,
MAINE
CAPITAL IMPROVEMENT FUND
COMBINED STATEMENT OF CUMULATIVE
REVENUES, CONTINUED
YEAR ENDED DECEMBER
31, 1977
CURRENT YEAR REVENUES
Transfers
Federal,
Total
Cumulative
Cumulative
From (To)
State,
Current
Revenues
Revenues
Reserves For
Appropriation
And Other
Year
Completed December 31, 1977
PROJECT December 31, 1976
Future Construction
Transfers
Grants
Revenues
Projects
(Exhibit B-2)
GENERAL FUND, Continued
ELECTRICAL
Forest Avenue Lights
2,000
2,000
Main & Union Streets
8,000
Traffic Lights
State Street Lighting
8,000
25,000
(2,100)
(2,100)
22,900
Traffic Control System
68,129
68,129
Husson Avenue Lighting
2,100
2,100
2,100
OTHER PROJECTS
Civic Center
34,000
(17,000)
1,518,668 1,501,G68
1,535,668
East Side Improvements -Phase 3
204,476
35,156
35,156
239,632
Garland Street Field Lighting
61,000
9,000.
9,000
70,000
Kenduskeag Stream Park
126,000
53,715
53,715
(10,000)
179,715
Pedestrian Walkway - Planning
_ 10,000
Fire Department Ladder Truck
155,000
282,197
21,698
21,698
155,000
303,895
Pedestrian Walkway
Solid Waste Incinerator
300,000
300,000
Union Street Recreation Area
70,000
50,000
50,000
120,000
York - Hancock NDP
107,357
594
.594
107,951
Columbia Street Parking Deck
71000
7,000
2,500
(2,500)
7,000
Blanchard Street Storm Sewer
2,500
8,000
8,000
(8,000)
Bangor Water Works
Bass Park
1,514,600
1,514,600
Total General Fund
6,581,795
131,512
20,000
2,133,297 2,284,809
(1,588,966)
7,277,638
SEWER FUND
Airport Lateral Sewer
220,000
4,829
5,700
10,529
(230,529)
Bakerville Sanitary Sewer
100,000
(25,000)
(25,000)
75,000
Grant Street Sewer Extension
2,300
(2,300)
(1,800)
Hewey Street Sewer
1,800
Kenduskeag Stream Interceptor Sewer
(Stage 4)
26,923
(5,000)
(21,923)
(26,923)
Penobscot East Interceptor_Planning
6,750
(6,750)
Sewer Inflow Analysis
19,527
(12,000)
(7,527)
(19,527)
Sewerage Facility Planning
2,000
10,820
79,380
90,200
92,200
Stricki,and Road Collector
20,000
(20,000)
(20,000)
(Continued)
Exhibit B-3, Cont.
CITY OF BANGOR
(5,700) (51700)
80,265
CAPITAL IMPROVEMENT FUND
80,265
7,000
7,000
COMBINED STATEMENT OF CUMULATIVE REVENUES,
CONTINUED
33,000
33,000
YEAR ENDED DECEMBER 31, 1977
14,500 (14,500)
11,000
11,000
CURRENT YEAR REVENUES
21,000
21,000
21,000
Transfers Federal,
Total
Cumulative
Cumulative
From (To) State,
Current
Revenue
Revenues
Reserves For Appropriation And Other
Year Completed
December 31, 1977
PROJECT December 31,
19:76 Future Construction Transfers . Grants
Revenues Projects
(Exhibit B-2)
SEWER FUND
Union Street Extension 5,700
Griffin & Kenduskeag Avenue
Sewers
Dunning Boulevard Sewer Extension
Burleigh Road Sanitary Sewer
Union Street Sewer Extension
K -Mart Sewer Relocation
College Park Subdivision -Sewers
Rainbow Trailer Park - Sewer
Total Sewer Fund 405,000
BANGOR INTERNATIONAL AIRPORT
Airport Air Conditioning 50,000
AGENCY FUND
Target Area Special Building
Grand Total
7,036,795 320,926
See accompanying notes to financial statements.
43,487 43,487 43,487
2,226,714 2,547,640 (1,844,845) 7,739,590
(5,700) (51700)
80,265
80,265
80,265
7,000
7,000
7,000
33,000
33,000
33,000
14,500
14,500 (14,500)
11,000
11,000
11,000
21,000
21,000
21,000
49,000
49,000
49,000
189,414
(20,000) 49,930 219,344 (255,879)
368,465
50,000
7,036,795 320,926
See accompanying notes to financial statements.
43,487 43,487 43,487
2,226,714 2,547,640 (1,844,845) 7,739,590
Exhibit.B-4
CITY OF
BANGOR, MAINE
CAPITAL IMPROVEMENT FUND
COMBINEII STATEMENT OF CUMULATIVE EXPENDITURES AND
ENCUMBRANCES
YEAR EVDED DECEMBER 31, 1977
Cumulative
Cumulative
CURRENT YEAR EXPENDITURES AND ENCUMBRANCES
Expenditures
Expenditures
Total
And
And
Charged To Encumbrances
Current Year
Encumbrances
Encumbrances
Encumbrances Outstanding
Expenditures And
Completed
December 31, 1977
TOJECT
December 31, 1976 Expenditures
Outstanding December 31, 1977
Encumbrances
Projects
(Exhibit B-2)
GENERAL FUZO
BUILDING?
City Fall -Permanent
Improvements
$ 29,678
29,678
(_29,6`]8)
29,678
New Fire Station
1,031,772
810,208
(820,873) 76,325
65,660
1,097,432
Municipal Auditorium
Improvements
76,598
23,160
(2,711)
20,449
97,047
Police Station Building
Improvements
62,326
12,462
12,462
(74,788)
Public Works Building
38,152
413,466
451,618
451,618
LAND
New Fire.Station Site
166,570
72,632
72,632
239,202
STREETS
Airport Industrial Park
51,850
5,931
5,931
57,781
Bangor Water District
21,653
(21,653)'
Broad Street East
1,246
9,687
9,687
(10,933)
Brookside Drive
Godsoe Road Construction
62,798
62,798
Husson Avenue
187,848
194
194
(188,042)
Judson Heights Subdivision
387,798
399
399
(388,197)
Mildred Avenue Street Construction
15,000
15,000
15,000
Reconstruction of Streets
485,635
(485,635)
Bangor Mall - Hogan Road
75,000
75,000
(75,000)
State Aid Construction -
Undesignated
Judson Heights, Part B
140,926.
20,962
161,888
161,888
Hammond Street Paving
10,374
10,374
10,374
Kenduskeag Associates Subdivision
Glenwood Subdivision
80,249
931243
173,492
173,492
(Continued)
CITY OF BANGOR, -
MAINE -CAPITAL IMPROVEMENT FUND
COMBINED STATEMENT OF CUMULATIVE EXPENDITURES AND ENCUMBRANCES, CONTINUED
YEAR ENDED DECEMBER 31, 1977
PROJECT
GENERAL FUND, Continued
SIDEWALKS
Harlow Street Sidewalk
Sidewalk Improvements
Exhibit B-4, Con't.
Cumulative
Cumulative CURRENT YEAR EXPENDITURES AND ENCUMBRANCES Expenditures
Expenditures Total And
And Charged To Encumbrances Current Year Encumbrances
Encumbrances. Encumbrances Outstanding Expenditures And Completed December 31, 1977
December 31, 1976 Expenditures Outstanding December 31, 1977 Encumbrances Projects (Exhibit B-2)
32,759
253,741 6,771
(32,759)
6,771 (253,741) 6,771
ELECTRICAL
Forest Avenue Lights
512
512
Main & Union Streets
Traffic Lights
7,241
152
152
7,393
State Street Lighting
13,673
1,044
1,044
14,717
Traffic Control System
1,839
9,996
9,996
11,835
Husson Avenue Lighting
761
761
761
OTHER PROJECTS
Civic Center
33,952
804,165
699,668
1,503,833
1,537,785
East.Side Improvements. -
Phase 3
204,476
32,872
32,872
237,348
Garland Street Field Lighting
672
672
672
Kenduskeag Stream Park
48,82+
127,912
1,752
129,664
178,488
Pedestrian Walkway - Planning
10,000
(10,000)
Fire Department Ladder Truck
140,418
140,418
140,418
Pedestrian Walkway
282,197
70,058
(53,360)
16,698
298,895
Solid Waste Incinerator
59,987
59,987
Union Street Recreation Area
121,093
(516)
(1,620)
1,620
(516)
120,577
York.Hancock - NDP
107,540
593
593
108,133
Columbia Street Parking Deck
677
5,900
6,577
6,577
Blanchard Street Storm Sewer
1;933
1,933
(1,933)
Bangor Water Works
7,582
71582
(71582)
Bass Park
1,319,798
180,112
(5,185)
486
175,413
1,495,211
Total General Fund
5,063,404
2,709,254
(913,427)
1,313,422
3,109,249
(1,550,263)
6,622,390
(Continued)
Exhibit.B-4, Con't.
CITY OF BANGOR
CAPITAL IMPROVEMENT FUND
COMBINED CUMULATIVE STATEMENT OF EXPENDITURES AND ENCUMBRANCES, CONTINUED
YEAR ENDED DECEMBER 31, 1977
Cumulative
Cumulative-
CURRENT YEAR EXPENDITURES AND ENCUMBRANCES
Expenditures
Expenditures
Total
And
And
Charged To Encumbrances
Current Year
Encumbrances
Encumbrances
Encumbrances Outstanding
Expenditures And Completed
December 31, 1977
PROJECT December 31, 1976.Expenditure2
Outstanding December 31, 1977
Encumbrances
Projects
(Exhibit B-2)
SEWER FUND
Airport Lateral Sewer 223,326
89,101
(82,103)
6,998
(230,324)
Bakerville :sanitary Sewer 70,767
70,767
Grant Street Sewer Extension 1,547
(1,547)
Hewey Street Sewer
1,507
1,507
(1,507)
Kenduskeag Stream Interceptor
Sewer (Stage 4) 267'923
(25,000)
(25,000)
(1,923)
Penobscot East Interceptor -
Planning 6,750
(6,750)
Sewer Inflow Analysis 19,527
(19,527)
(19,527)
Sewerage Facility Planning 1,705
94,448
94,448
96,153
Strickland Road Collector
Union Street� Extension
Griffin & K=nduskeag Avenue -Sewers
57,958
23,468
81,426
81,426
Dunning Boulevard Sewer -Extension
5,074
5,074
5,074
Burleigh Road Sanitary Sewer
22,027
846
22,873
22,873
Union Street Sewer Extension
9,322
9,322
.(9,322)
K -Mart Sewer Relocation
9,995
9,995
9,995
College Park Subdivision -Sewers
11,190
11,190
1.1,190
Rainbow Trailer Park - Sewer
6,794
6,794
6,794
Total Sewer Fund 350,545
262,889
(82,103) 24,314
205,100
(251,373.)
304,272
BANGOR INTERNATIONAL AIRPORT
Airport Air Conditioning 51,549
24,230
(28,380) 4,165
15
51,564
AGENCY FUND
Target Area Special.Building
43,523
43,523
43,523
Grand Total $ 5,465,498
31039,896
(1,023,910) 1,341,901
3,357,887
(1,801,636)
7,021.,749
See accompanying notes to financial statements.
Exhibit B-5
CITY OF BANGOR, MAINE
CAPITAL IMPROVEMENT FUND
STATEMENT OF CHANGES IN UNAPPROPRIATED FUND BALANCES
YEAR ENDED DECEMBER 31, 1977
Future Construction
General
Fund
Fund Balances, Beginning of Year $ 164,775
Add:
Interest Income
Special Assessment Revenue
Federal Grant
Funds Returned on Closed or
Completed Projects
Payment on Airport Fund Advance
Deduct:
Funds Appropriated For:
New Projects
Deferred Special Assessments
Debt Service - Interfund
Note (Note 10)
Nonbudgetary Expenses
39,683
132,095
45,156
216,934
137,526
33,183
3,996
174,705
Fund Balances, End of Year $ 207,004
(Exhibit B-1)
See accompanying notes to financial statements.
Sewer
Airport. Utility
Fund Fund
48,047 312,949
7,428 80,252
17,500
1,531 177,940
39;1.38
100,000
8 , 95.E 414,830
264,341
1,526
265,867
57,006 461,912
Deferred
Special
Assessments
182,529
378,353
149,595
149,595
411,287
Exhibit C-1
CITY OF BANGOR, MAINE
INTERNATIONAL.ARRIVALS BUILDING FUND
BALANCE . SHEET
DECEMBER 31, 1977,
WITH COMPARATIVE FIGURES FOR DECEMBER 31, 1976
Assets 1977 1976
Cash $ 10 .74
Accounts Receivable 44,600 81,096
$ 44,610 811170
Liabilities and Fund Balance
Due to Airport Fund - 16,414
Due to Capital Improvement Fund 44,610 163,800
Fund Balance (Deficit) (Exhibit C-2) - 99 044)
$ 44,610 811170
See accompanying notes to financial statements.
CITY OF BANGOR, MAINE
INTERNATIONAL ARRIVALS BUILDING FUND
CUMULATIVE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1977
1977
Cumulative Revenues, beginning of year:
Exhibit C-2
Interest Earned $ 6,823
Airport Fund Contribution .11126,184
Federal and State Grants 1,046,138
Other Grants 100,000
2,279,145
Current Year Revenues
Airport Fund Contribution 30,941
Federal and State Grants 69,862
Total Revenues 2,379,948
Cumulative Expenditures, beginning of year:.
Construction Contracts 2,378,189
Current Year Expenditures:
Miscellaneous 1,759
Total Expenditures, 2,379,948
Fund Balance, end of year (Exhibit C-1) $ -0-
See accompanying notes to financial statements.
CITY OF BANGOR
ENTERPRISE FUNDS
COMBINED BALANCE SHEET
DECEMBER 31, 1977
Total.
(Memorandum Only)
Assets
Current Assets:
Cash $
Accounts.Receivable
Less allowance for estimated
uncollectible accounts
Notes receivable (General Fund)
(Note 10)
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
Net Property, Plant
and Equipment
Other Assets:
Deposits for construction:
With Capital Improvement Fund -
Appropriated
Unappropriated
Total Deposits
Operating Rights Net of
Accumulated Amortization
of $74,623
564,983
532,503
31,2 4
501,245
96,842
58,383
5,545
1,226,998
93,686.58,426
Exhibit D-1
Sewer
6,716,047
.5,152,455
Utility
Airport
Hospital
Fund
Fund
Fund
250,036
303,580
11,367
94,237
285,012
153,254
1,500
17,258
12,500
92,737
267,754
140,754
96,, 842
13,.124
44,179
1,080
1,047
4,091
407
453,786
619,604
153,608
93,686.58,426
35,260
6,716,047
.5,152,455
1,563,592
11,775,405
11,775,405
120,403,282
- 58-988,20
- -,-9B6--,286-T20-,405,-282--7,
120,403,282
�
-598 , 852 -
9,448,681
2,483,394
6,294,425
670,862
129,5.39,739
535,917
764,612
1,300,529
1,225,378
$ 1331292,644
Liabilities,
Contributions, and
Retained. Earnings.
Current Liabilities:
Accounts Payable $
Due to General Fund
Advance from Capital
Improvement Fund
Customer Deposits (Note 5)
Current installments - General
Obligations Bonds
Total Current Liabilities
Contributions - General Obligations
Bonds
City -of Bangor (Note 6)
Contributions - Property, Plant,
Equipment
City of Bangor
Federal, state and other
contributions
Customers
Total Contributions 129,000,643
Retained Earnings 2,903,227
$ 133,292,644
84,145
568,541
400,000
10,563
325,525
1,388,774
3,655,.772
6,634551
118,525,532
184,988
See accompanying notes to financial statements.
14,502,892 114,108,857 927,990
478,912 57,005 .
714,612 50,000
1,193,524 107,005,
1,225,378
16,150,202 116,060,844
12,038 62,444
460,000
400,000
10,563
225,884 99,641
248,485 1,022,085
2,494,643
6,631,365
1,161,129
4,595,674 113,0061555
184,988
13,906,670 114,167,684
1,995,047 871,075
16,150,202 116,060,844
1,081,598
9,663
108,541'
118,204
2,986
923,303
926,289
37,105
1,081,598.
Exhibit.D-2.
CITY OI+' BANGOR, MAINE
SEWER UTILITY FUND
STATEMENT OF OPERATIONS
YEAR ENDI,D DECEMBER 311 191,77
With Comparative Figures For Year Ended December 31, 19'?E,
l
977 1 %6
Operating Revenues: $ 738,639 .704,772
Operating Expenses Other Depreciation.
Personnel services
911468
105,745
Contractual services
73,248
86,271
Fuel and utilities
56,830
47,500
Supplies
33,040
30,857
Communications
4,386
4,582
Equipment costs _
13, ?2-9---
729--
Fringe
Fringe benefits and sundry
22,911
25,243
Outlay - maintenance
6,820
640
302,432 316,676
Less: Charges to other City departments (20,148) (30,045)
Total -operating expenses other
than depreciation 292,284 286,631
Operating :income before cepreciation 456,355 418,141
Depreciation:
On assets acquired with own funds 81,753. 78,771
On assets acquired with contributions 240,316 235,972
Operating income 134,286 103,398
Non Operating Revenue (EYpense):
Interest expense (151,706) (-161,843)
Interest earned 80,251 76,493
Net Income (Exhibit D-3) $ 62,831 18,048
See accompanying notes to financial statements.
Exhibit -D-3
CITY OF BANGOR, MAINE
SEWER UTILITY FUND
STATEMENT OF CHANGES IN RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1977
With Comparative.Figures Year Ended'December'31, 1976
Balance at beginning of year
Add: Net Income (Exhibit D-2)
Depreciation on Assets acquired
By Contributions:
City of Bangor
Federal, State and Other
Customers
Balance at end of year (Exhibit D-1) $
1977 1976
$ 11691,900 11437,880
62,831 18,048
136-, 823
102,051
1,442
240,316
1,995,047
See accompanying notes to financial statements.
140,100
94,536
1,336
235,.972
1,691, 900
Exhibit D-4
CITY OF :BANGOR, MATN.E
SEWER UTILITY FUND
STATEMENT OF CHANGES IN FINANCIAL POSITION
YEAR ENDED DECEMBER 31, 1977
With Comparative Figures For Year Ended December 31, 1976-
Funds
976Funds Provided: 1977 1976
Net.income•(Exhibit D-2)
Items not.requiring cash
Depreciation: own assets
Depreciation: contributed assets
Total funds provided by operations
Contributions:
----- City of Bangor— - - . --
Federal, State and Other
Customers
Deposits for Construction
Funds Used:
$ 62,831
81,753
240,316
384,900
- --82--;356-
177,940
46,209
$ 691,405
Additions to fixed assets 337,137
Payments of General Obligation Bonds 225,884
Reduction of City Contribution -
Additions to Deposits for Construction 49,620-
Increase
9,620Increase in working capital 78,764
$ 6911405
Various Elements of Net Increase in Working Capital
Cash
Accounts Receivable
Advance to General Fund
Inventories
Prepaid Expenses
Accounts Payable
Due to General Fund
Customer Deposits
Current Installments - General
Obligation Bonds
16,200
(6,120)
(33,183)
(8,296)
55
(3,768)
85,000
22,877
5,999
$ 78,764
See accompanying notes to financial statements.
•
78,771
235,972
332,791
83,500 28,041
975,414
1,419,746
1,072,866
231,884
104,-626
10,370
1,419,746
(6,573)
(51,102)
(35,675)
(6,231)
649
202
109,100
10,370
Exhibit D-5
CITY OF BANGOR, MAINE
AIRPORT FUND
STATEMENT F OPERATIONS
YEAR ENDED DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1976
Operating Revenues: 1977
Landing Fees
Fueling Fees
Fuel Sales/Gallonage Override
Rentals
Concession Income
Ground Service
Repairs
Terminal Facility Fees
Security Screening
Passenger Service
Flight School
Snow Removal Reimbursement
Miscellaneous Reimbursements
Gross Business Override
Equipment Sales
Miscellaneous Revenues
Total Operating Revenue
Operating Expenses Other Than
Depreciation and Amortization:
Personnel Services
Contractual Services
Aviation Fuel
Other Fuel and Utilities
Communications
Equipment Rental and Outlay
Aircraft Repair Parts
Fuel and Business Override
Supplies
Less: Charges to Other City Departments
Total Operating Expense Other than
Depreciation and Amortization
Operating Income Before Depreciation and
Amortization
Less: Depreciation & Amortization on Assets
Acquired With Other Funds
On Assets Acquired With Contributions
Net Operating Income (Loss)
Other Revenue (Expense)
Interest Earned
Interest Expense
Net Income (Loss) (Exhibit D-6)
$ 265,220
1,013,737
710,548
368,793
267,681
712,119
85,574
181,622
43,105
679806
6,620
19,931
159701
4,609
46,403
3,809,469
1,093,686
548,221
287,096
457,785
53,0644
163,681
32,802
33,352
64,812
(9803)
2,724,696
1,084,773
98,826
1,289,536
(303,589)
7,342
(133,129)
$ (429,376)
See accompanying notes to financial statements.
1976
174,529
531,454
530,135
324,045
191,762
393,062
79,495
88,921
43,132
36,071
20,327
22,228
25,861.
12,989
4,887
12,695
2,491,593
912.363
569,423
241,513
354,244
53,008
143,864
36,780
.18,024
62,593
(9,253)
2,382,599
109,034
59,760
1,253,246
(1,203,972)
7,427
(109,740)
(1,306,285)
Exhibit D-6
CITY OF BANGOR, MAINE
AIRPORT FUND
STATEMENT 01? CHANGES IN R'SMAINEI) EARNING)
YEAR ENDED DECEMBER 31, 1977.
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1976
1977 1976
Balance at beginning of year $ 10,915 73,613
Add (Deduct): Addition of Fixed Base
Operations retained earnings (deficit),
January 1; 1976 - (9,659)
Net Income (Loss) (Exhibit D-5) (429,376) (1,306,285)
Depreciation on assets acquired by
contributions - Federal Government 1,265,971 1,239,500
Amortization on assets acquired by
contributions - private corporation 23,565 13,746
Balance at end of year (Exhibit D-1) $ 871,075 10,915
See accompanying notes to financial statements.
Exhibit D-7
CITY OF BANGOR, MAINE
AIRPORT FUND
STATEMENT.OF CHANGES IN FINANCIAL POSITION
YEAR ENDED DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1976
Funds Provided:
Net income (loss) (Exhibit D-5)
Items not requiring cash
Depreciation: Own Assets
Depreciation: Contributed Assets
Amortization: Airport Contribution
Amortization: Other Contributions
Total funds provided by operations
Contributions:
-City of Bangor
Federal, State and Other
Proceeds from General Obligation Bonds
Decrease in Working Capital
Deposits for Capital Improvements
Funds Used:
Contribution - City of Bangor
Purchase of Operating Lease Rights
Acquisition of Fixed Assets
Deposits for Capital Improvements
Current Installments and Repayment
of Long-term Debt
Addition of Fixed Base Operations -
Increase in Working Capital
1977
(
429,376)
75,261
1,265,971
23,565
23,565
958,986
1,323,028
1,047,960
$3,329,974
120,755
2,432,432
99,641
Net -
677 ,146
$3,329,974
Various Elements of Net Increase (Decrease)
in Working Capital:
Cash
Acdounts Receivable
Due from Other Funds
Inventory
Prepaid Expenses
Accounts Payable
Due to General Fund
Advance from Capital
Customer Deposits
Improvement Fund
See accompanying notes to financial statements.
43,856
35,659
(16,414)
(2,689)
(3,358)
(6,908)
525,00.0
100,000
2.000
667,146
1976.
(1,306,285)
46,295
1,239,500
13,746
13,746
7,002
- -
1-20,7-55-
.650,000
-20,755.650,000
50,000
641,840
1,469,597
1,300,000
7,933
7,212
99,641
54,811
1,469,597
121,718
167,645
(89,517)
46,868
7,064
(17,218)
(376,400)
(500,000)
(2,000)
(641,840)
Exhibit D-8
CITY OF BANGOR, MAINE
HOSPITAL FUND
STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1976
Operating Revenues:
1977
1976
Medicare $
83,320
110,927
Medicaid
123,842
66,996
State Nursing Aid
391,514
211,931
Full Pay
214,649
172,214
Welfare
340
75468
Employee Meals
3,066
3,802
Building Rentals
37,867
47,922
Miscellaneous
1,688
3,491
Total Operating Revenues
856,286
6241751
Ope-rating Expense -s --Other -Than Depre-ciat-ion-:
_- --
-
Personnel Services
502,673
457,916
Supplies
101,719
99,685
Contractual Services
62,475
57,403
Communications
2,052
2,147
Capital Outlay
2,264
1,982
Fuel and Utilities
66,237
70,526
Rental of Equipment
2,171
1,875
Bad Debts
.8,875
-
Employee Benefits
66,046
61,090
Total Operating Expenses Other Than
Depreciation
814,512
752,624
Depreciation:
On Assets Acquired With Own Funds
189
On Assets Acquired With Contributions
64,721
66,062
64,910
66,062
Loss From Operations
(23,136)
(193,935)
Non -Operating Expenses:
Interest
41480
6,178
Net Loss
(27,616)
(200,113)
Transfer From General Fund
-
134,051
Net Loss (Exhibit D-9) $
(27,616)
(66,062)
See accompanying notes to financial statements.
Exhibit D-9
CITY OF BANGOR, MAINE
HOSPITAL FUND
STATEMENT OF CHANGES IN RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1976
1977 1976
Balance at beginning of year
Less: Net loss for the year (Exhibit D-8)
Add: Depreciation on assets acquired by
contribution:
Federal Government
City of Bangor
Balance at end of year (Exhibit D-1)
(27,616) (66,062)
63,703 65,242
1,018 820-
$ 37,105-
See
79105-
See accompanying notes to financial statements.
Exhibit D-10
CITY OF BANGOR, MAINE
HOSPITAL FUND
STATEMENT OF CHANGES IN FINANCIAL POSITION
YEAR ENDED DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1976
Funds Provided: 1977 1976
Net Loss (Exhibit D-8) $ (27,616) (66,062)
Items Not Requiring Cash - Depreciation 64,910 66,062
Total Funds Provided by Operations $ 37,294 -0-
Funds Used:
Purchase of Fixed Assets 1,890 -0-
-Increase in Working Capital -- -- ------35,404 -0-
$ 37,294 -0-
Various Elements of Net Increase (Decrease)
in Working Capital:
.Cash .8,651 (7,630)
Accounts Receivable 7,677 48,122
Inventories 116 113
Prepaid Expenses 268 (24)
Accounts Payable (5,001). 1,819
Due to General Fund 23,693 (42,400)
$ 35,404 -0-
See accompanying notes to financial statements.
Exhibit E-1
CITY OF BANGOR, MAINE
TRUST AND AGENCY FUNP
COMBINED BALANCE SHEET
DECEMBER 31, 1977
Federal
Total Trust Agency Revenue Sharing
Assets (Memorandum Only) Funds Funds Fund
Cash $ 205,943 74,986 130,682 275
Accounts Receivable 318,224 15,169 303,055
Investments in U.S.
Government Obligations,
at Cost (Exhibit GG) 346,785 345,518
Investments in Domestic
Corporations, at Cost
(Exhibit GG) 27,090 26,990
Assets Held in Kirstein Fund ___,__39-.,392---- ----39-,392----
Total
--39-,392 Total Assets $ 937,434 486,886 145,851
1,267
100
304.697
Liabilities and Fund Balances
Amounts Held by Agency
Funds for Others
(Exhibit E-4) 145,851 145,851
Total Liabilities -145,851 - 145,851 -
Fund Balances
(Exhibit E-2 and E-3) 791,583 486,886 304,697
$ 937,434 486,886 145,851 304,697
See accompanying notes to financial statements.
TRUST FUND
Cemetery
Perpetual Care
Parks
Bass Park Trust
Arthur Chapin Fund
City Missionary
Hiram H. Fogg Fund
Louis & Sophia Kirstein Fund
Hiram P. Oliver Fund
Penobscot Association for
the Blind Fund
Lorenzo E. Sabine Fund
Stetson Fund
Education
Bangor High School Loan Fund
French Medal Fund
Holton Public School Fund
Louis & Sophia Kirstein
Scholarship Fund
Student Loan Fund
Elizabeth W. Means Fund
Alburney E. Webber, Jr.
Scholarship Fund
Aid for Aged Women
Charles E. Adams Fund
Thomas Upham Coe Fund
Home for Aged Women
Anna Hayford Pierce Fund
Stetson Fund
George T. Stodder Fund
Wakefield Fund
Exhibit E-2
CITY OF
BANGOR, MAINE
TRUST
FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND
CHANGES
IN FUND BALANCES
YEAR ENDED
DECEMBER 31, 1977
Balances,
January 1,
1977
Additions Deductions
Balances,
December 31,
1977
Unexpended
Unexpended
Principal
Income
Total
Principal_ Revenue Principal Expenditures
Principal
Income
Total
$ 242,067
-
242,067
6,350 13,274 -
i
7,500
248,417
5,774
254,191
-
5,638
.5,638
- 2,159 1-
-
-
71797
71797
14,538
10,678
25,216
- 1,309 -
1,032
14,538
10,955
25,493
1,000
980
1,980
-_ 107 -
-
1,000
1,087
2,087
1,000
168
1,168
- 63 -
-
1,000
231
1,231
2,000
-1,982
3,982
- 215 -
-
2,000
2,197
4,197
10
-
10
- -
-
10
-
10
1,000
1,253
2,253
- 122 _
289
1,000
1,086
2,086
12,000
834
12,834
- 654 -
757
12,000731
12,731
200
275
475
- 24 -
-
200
299
499
13,478
50
13,528
732 732 -
732
14,210
50
14,260
2,000
1,176
3,176
- 172 -
-
2,000
1,348
3,348
5,000
34
5,034
- 280 -
200
5,000
114
5,114
37,868
-
37,868
1,524 - -
-
39,392
-
39,392
-
2,553
2,553
- 3,000 -
3,633
-
1,920
1,920
2,000
203
2,203
- 113 -
100
2,000
216
2,216
10,000
410
10,410
- 541 -
410
10,000
541
10,541
000
123
3,000
162
3,162
25,000
1,025
26,025
- 1,353 -
1,025
25,000
1,353
26,353
4,000
164
4,164
- 217 -
164
4,000
217
4,217
5,000
205
5,205
- 271 -
.205
5,000
271
5,271
11,000
451
11,451
- 595 -
451
11,000
595
11,595
10,000
410
10,410
- 541 -
410
10,000
541
10,541
(Continued)
OTHER FUNDS
Dorothea A. Miller Fund $
Bangor Firemen Relief Fund
Bangor Fuel Society Fund
Bangor Mechanics Assoc. Fund
Kirstein City Hospital and
Home Fund
Arthur J. Morey Trust Fund
Melvin M. Murch Fund
O'Connel Trust Fund
Twitchell Trust Fund
Flora I. Seavey Fund
Charlotte R. Hall Fund
Pfaff Trust Fund
Deferred Loss on Sale of
Securities
Total Fund Balances $
(Exhibit E-1)
Exhibit E-2, Con't.
See accompanying notes to financial statements.
CITY OF BANGOR, MAINE
TRUST FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
YEAR ENDED DECEMBER 31, 1977
Balances,
January 1, 1977 Additions Deductions
Balances,
December
31, 1977
Unexpended
Unexpended
Principal
Income Total Principal Revenue Principal Expenditures
Principal
Income
Total
500
43 543 - 28 -
20
500
51
551
8,534
498 9,032 - 468 -
387
8,534
579
9,113
4,500
184 4,684 - 244 -
184
4,500
244
4,744
12,000
492 12,492 - 650 -
492
12,000
650
12.,650
500
281 781 - 42 -500
323
823
1,000
617 1,617 - 87 -
-
1,000
704
1,704
5,733
3,539 9,272 - 502 -
-
5,733
4,041
9,774
1,000
1,230 2,230 - 121 -
-
1;000
1,351
2,351
767
473 1,240 - 67 -
-
767
540
1,307
1,000
79 11079 - 57 -
65
1,000
71
1,071
5,906
927 6,833 - 370 -
-
5,906
1,29`7
7,203
800
71 871 - 47 -
40
800
78.
878
(15,534) (15,534) 2,000
(13,534)
(13,534)
41+4,401
21,512 465,913 8,606 30,587 -
18,219
453,007
33,880
486,887
See accompanying notes to financial statements.
Exhibit E-3
CITY OF BANGOR, MAINE
FEDERAL REVENUE SHARING TRUST FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1976
1977 1976
Fund balance at beginning of year 324,651 602,574
Add:
Entitlements
Interest earned
1,271,585 1,266,385
11448. 61790
1,273,033 1,273,175
Deduct:
- -Transfer to- eneral Fund 1—,2-9-2—,98? 1 , 551 , 098
Fund balance at end of year (Exhibit E-1)
See accompanying notes to financial statements..
$ 304,697 324,651
Exhibit E-4
CITY OF BANGOR, MAINE
AGENCY FUNDS
AMOUNTS HELD FOR OTHERS
YEAR ENDED DECEMBER 31, 1977
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1976
Amounts Due the State of Maine: 1977 1976
Pension and Group Life Insurance Contribution $ 81,702 37,0.10
Hunting, Fishing, and Plumbing License Fees 5,916 3,609
State Income Taxes Withheld 1,997 -
Sales Taxes ( 4) 33
Total Due to the State of Maine 89,611 40,652
Other:
Workmen's Compensation Insurance
(18,895)
(20,005)
S-avi-ngs-Bond-s---- - -- - - -
- ----31_369---
2 -1927 --
Miscellaneous Deductions and Deposits
16,682_
40,444
United Fund
776
.250
Income Taxes -Withheld
(11472)
621
Federal'Grants - Police
1,071
3,121
Bangor Target Area Development Corporation
52,948
62,336
Federal Fuel Excise Tax
(41)
(138)
Senior Citizens Federal Grant
1,802
1,265
Total Other
56,240
90,821
Total Amounts Held for Others (Exhibit E-1)
$ 145,851
131,473
See accompanying notes to financial statements..
CITY OF BANGOR, MAINE
STATEMENT OF GENERAL FIXED ASSETS
DECEMBER 31 , 1977 and 1976
General Fixed Assets:
Land
Buildings
Streets
Sidewalks
Bridges
Retaining Walls
Statues
Electrical
Street Signs
Storm Sewers
Parking Structures
Fountains
Tennis Courts
-City _F-or-e-cl-os-ed-P-r-ope-rty -
Construction Work in Progress
Total General Fixed Assets
Investment on General Fixed Assets
1977
$ 2,621,3.51
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
— -
-291922--
24,955,930
291922--
24,955,930
6,622,390
$ 31,578,320
Exhibit F-1
1976
2,620,350
11,573,213
6,246;260
723,005
749,350
164,020
210,000
416,691
8,964
244,220
511,606
14,618
9,061
23,517,913
5,063,403
28,581,316
$ 31,578,320 28,581,316
See accompanying notes to financial statements.
Land
Buildings
Streets
Sidewalks
Bridges
Retaining Walls
Statues
Electrical
Street Signs
Storm Sewer/Waterlines
Parking Structures
Fountains
Recreation Facilities
City Foreclosed Property
Construction Work in Progress
Less: Encumbrances December 31, 1976
Add: Encumbrances December 31, 1977
Total Construction Work in Progress
(Exhibit B-4, General Fund)
Total General Fixed Assets(Exhibit F-1)
i
i
CITY OF BANGOR, MAINE
STATEMENT OF CHANGES IN GENERAL FIXED ASSETS
YEAR ENDED DECEMBER 31, 1977
General
Add:
Less:
Fixed Assets
Capital Improvement
Projects Not
Beginning
Fund Completed
Capitalized By
Of Year
Projects
General Fund
$ 2,620,350
11,573,213
74;788
6,246,260
1,136,874
(77,658)
723,005296,500
(10,000)
749,350
164,020
210,000
416,691
8,964
244,220
31,168
(29,234)
511,606
14,618
9,061
10,932
26,555
23,517,913
1,550,262
j (116,892)
5,063,403
(1,550,262)
5,063,403 (1,550,262) -
$ 28,581,316 - (116,892)
i
See accompanying notes to financial statements.
Add:
Current Year
Additions
1,001
279
3,367
4,647
2,709,254
(913,427)
1,313,422
-3,109,249
3,113,896
Exhibit F-2
General
Fixed Assets
End of Year
2,621,351
11,648,001
7,305,.755
1,009,505
749,350
164,020
210,000
416,691
8,964-
246,154 ,964-
246,154
511,606
14,618
19,993
29,922
24,955,930
6,222,395
(913,427)
1,313,422
6,622,390
31,578,320
CITY OF BANGOR, MAINE
STATEMENT OF GENERAL LONG-TERM DEBT
DECEMBER 31, 1977
Amount to be Provided For the
Payment of General Long-term Debt
Amount to be Provided:
General Fund
Sewer Utility Fund
Airport Fund
General Long-term Debt Payable (Exhibit FF)
Bonds Payable (Note 6) r
Bond Anticipation Notes Payable (Note 7)
Notes Payable
Note Payable - Sewer Utility Fund (Note 10)
See accompanying notes to financial statements.
Exhibit G-1
$ 8,601,425
2,720,527
1,260,770
$ 12,582,722
-10-,98-3-1000-
11440,000
10-,9831000-
1,440,000
62,880
96,842
$ 12,582,722
CITY OF BANGOR, MAINE
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1977
(1) Summary of Significant Accounting Policies:
The accounting policies of the City of Bangor, Maine conform to
generally accepted accounting principles as applicable to
governmental 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 expenditures. The various funds are
grouped as follows in the financial statements:
General Fund
The General Fund is the general operating fund of the City.
All general tax revenues and other receipts that are not
allocated by law or contractual agreement to some other
fund are accounted for in this fund. The fund pays the
general operating expenses, the fixed charges and the
capital improvement costs that are not paid through other
funds.
Capital Improvement Fund
The Capital Improvement Fund is utilized to account for
all resources and project authorizations used in the
acquisition and construction of capital facilities and
other fixed assets, including those financed by the
various enterprise funds.
International Arrivals Building Fund
The International Arrivals Building Fund is a capital
project fund created to provide separate accountability.
for the construction costs incurred in accordance with
the regulations of the Economic Development Administration.
This project has been completed and the costs have been
transferred to property, plant and equipment of the Airport
Fund. Receipt of final payment from the Economic Development
Administration remains pending.
(Continued)
2
CITY OF BANGOR, , MAINE
NOTES TO FINANCIAL STATEMENTS, CONTINUED
Enterprise Funds
Enterprise Funds are utilized to finance and account for
the acquisition, operation and maintenance of governmental
facilities and services that are supported 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
effective in 1976 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.
Trust and Agency Funds
The Trust and Agency Funds are utilized to account for monies
and properties received and held by the City in.a'trustee or
custodial capacity for other entities, such as employees,
other governments or nonpublic organizations.
General Fixed Asset Group Accounts
General fixed assets have been acquired for general govern-
mental purposes. Assets purchased are recorded as expenditures
in the General Fund or Capital Improvement 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.
Depreciation 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
contribution account rather than to retained earnings.
General Long-term Debt Group of Accounts
This group of accounts is established to account for long-
term debt backed by the City's full faith and credit.
(Continued)
3
CITY OF BANGOR, MAINE
NOTES TO FINANCIAL STATEMENTS, CONTINUED
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 Improvement
Fund, and the International Arrivals Building Fund. 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 Improvement
and Enterprise Funds.
Inventories
Inventories are priced primarily at the lower of first in first
out cost or market.
Comparative Data
Comparative data for the prior year has been presented in
certain of the accompanying financial statements in order
to provide an understanding of the changes in the City's
financial position and operations. However, complete compar-
ative data have not been presented in those instances where
its inclusion would not provide meaningful comparisons.
(2) Inventories
Inventories at December 31, 1977 consists of $540,950 General Fund
public services supplies, $64,905 General Fund school lunch
supplies, $13,124 Sewer Utility Fund public services supplies,
$44,179 primarily Airport resale goods and $1,080 Hospital items.
The method used in pricing public works department inventory was
changed from the FIFO method to the average cost method in 1976,
which change had no material effect on 1976 or 1977 expenditures.
(Continued)
4
CITY OF BANGOR, MAINE
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(3 ) Gc;.r.�.c�ra.l Fund - Appropriated Fund. Balance
Appropriated fund balances of $1,072,773 and $616,824 in 1977 and
1976 respectively represent those portions of the General Fund
fund balance specifically appropriated for the following:
1977 1976
Departmental balances carried
forward $ 273,041 114,693
Automotive equipment replacement
account 368,883 235,565
Bus service equipment replacement
account 372,188 266,566
Fire equipment replacement account 31,631 -
School department appropriated fund
balance 27,030 -
Total General Fund Appropriated
Fund Balance $ 1,072,773 616,824
(4) Capital Projects Funds - Unappropriated Fund Balances
Capital Projects Funds unappropriated fund balances for the
various funds indicated represent, on a cumulative basis, the
excess of specific project revenues (eg. bond issues, federal
and state grants) 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) Sewer Utility Fund - Customer Deposits
Customer deposits aggregating $10,563 and $33,440 in 1977 and
1976 respectively represent assessments levied against the
developer of the property benefited by the Arctic Brook Sewer
Extension project. The assessment is to be repaid to the developer
at a rate of eight times the annual sewer user charges received by
the City from the date of installation until full reimbursement to
the developer is made.
(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
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.
(Continued)
5
CITY OF BANGOR, MAINE
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(7) General Long-term Debt - Bond Anticipation Notes
Included in the Statement of General Long-term Debt are Bond
Anticipation Notes of $1,440,000 issued in 1977. The City intends
to redeem such Bond Anticipation Notes at the due date July 27,
1978 with proceeds from the issuance in 1978 of General Obligation
Bonds.
(8) 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, 1976 totalled $337,413 which was included
as a utilization of surplus in the 1977 budget. The General Fund
cash surplus for 1977 as herein reported amounts to $1,717,653
relative to City operations and $27,030 relative to School Depart-
ment operations. It is anticipated that such amounts will be
included as utilization of surplus in the 1978 budget.
(9) Community Development Fund
The financial statements
April 30, 1978 are issued
are not included herein.
(10) Interfund Transaction
of the Community Development Fund at
under a separate report and therefore
During 1975 the Sewer Utility Fund, having excess.funds deposited
with the Capital Improvement 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, 1977 the total outstanding debt aggregates $96,842.
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.
(11) Indian Land Claim
Litigation is now pending in the United States District Court of
Maine, Northern Division, as a result of certain claims by the
Passamaquoddy and Penobscot Indian Tribal Nations alleging wrongful
takings of tribal lands by the Commonwealth of.Massachusetts and the
State of Maine. The claims are based on the tribes' aboriginal use
and occupancy of lands in various areas of the State of Maine.
(Continued)
I
CITY OF BANGOR, MAINE
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(11) Indian Land Claim, Continued
At the present time, damages in the total amount of $300,000,000
are claimed.'The pleadings may be amended in the future to include
claims for possession of the land areas in question. The City of
Bangor is not a party to the litigation.. However, its territories
are included in one of the claim areas. Because of the legal and
historical complexities involved in analyzing the merits of the
tribes' claims, the City is unable. to predict the final outcome.
if the pending litigation is pursued. At the present time the
parties are involved in negotiations on both -the State and Federal
levels for purposes of settling the claims.
CITY OF BANGOR, MAINE
ASSESSED VALUATION, COMMITMENT AND COLLECTIONS
YEAR ENDED DECEMBER 31 , '1977
Valuation:
Land and buildings
Personal Property
Total Valuation
Commitment:
Real estate and personal
property
Tax Rate
Total Commitment
$'184,802,520
22,214,100
$ 207,516,620
Add:
Supplemental taxes committed
Sewer, street and demolition assessments
State reimbursement of business inventory tax
Less:
Net collections - 1977
Abatements
1977 Taxes Receivable at December 31, 1977
Table 'I
$ 207, 5'16, 620
44.20
9,172,235
9,477
26,343
876,701
10,084,756.
9,526,001
23,597
$
535,158
Table 2
CITY OF BANGOR, MAINE
GENERA.L.FUND EXPENDITURES BY FUNCTION
LAST SIX CALENDAR YEARS
PARKS
PUBLIC
RECREATION,
BUILDINGS
GENERAL
PUBLIC
HEALTH AND TAXES PAID
& PUBLIC
DEBT
APPROPRIATED
YEAR
GOVT.
SAFETY
WELFARE
TO COUNTY
SERVICES
EDUCATION
SERVICE
SURPLUS
OTHER
TOTAL
1972
687,239
1,478,959
1,062,656
137,275
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
270,00.0
2,200,051
7,539,640
767,729
523,000
1,126,300
17,062,754
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
Table 3
CITY OF BANGOR, MAINE
GEI-RAL FUND REVENUES BY SOURCE
LAST SIX CALENDAR YEARS
LICENSES
FINES
CHARGES
PROPERTY
OTHER
AND
AND
MISCELLANEOUS
I1Vi�RGOVERITi1ENTAL
FOR
TOTAL
YEAR
TAXES
TAXES
PERMITS
FORFEITS
REVENUE
EVE In E
SERVICES
REIMBURSEMENTS
REVE11R ES
1972
7,910,682
654,695
62,067
39,600
270,408
2,116,756
586,795
459,552
12,100,555
1973
8,186,340
740.,440
112,197
35,301
285,216
3,692,592
602,079
324,284
13,978,449
'1974
8,927,829
623,593
111,580
34,187
381,412
4,503,017
589,206
956,823
'16,127,647
1975
9,793,952
865,981
148,999
65,586
487,686
5,105,687
685,303
159,060
17,312,254
1976
10,157,116
832,077
144,821
63,541
.619,050
6,073,955
787,657
246,539
18,924,756
1977
9,172,234
958,930
173,573
82,309
696,847
7,343,762
841,062
291,216
19,599,333
Table 4
CITY OF BANGOR, MAINE
PROPERTY TAX VALUATION, LEVIES AND COLLECTIONS
LAST TEN CALENDAR YEARS
Assessed
Property
Property
Collections in
%-age of
Valuation
Tax Rate
Tax Levy
Year of Levy
Collections
1968
147,032,600
36.70
5,396,096
5,021,073
93.2
1969
.151,925,000
40.60
6,168;155
5,665,882
91.8
1970
160,040,900
42.50
6,801,738
6,261,715
92.0
1971
187,854,380
39.50
7,420,225
6,750,472
91.5
1972
194,558,600
40.40
7,860,122
7,258,591
92.5
1973
202,517,660
40.40
8,181,713
7,729,006
94.4
1974
217,917,260
42.00
8,927,713
8,535,848
95.6
1975
227,784,640
.45.00
9,486,451
8,886,740
93.7
1976
235,479,850
45.30
9,917,054
9,344,192
94.2
1977
207,516,620
44.20
9,172,235
8,649,300
94.3
Table 5
CITY OF BANGOR, MAINE
LOCAL ASSESSED VALUATIONS
LAST SIX CALENDAR YEARS
Tax Rate
Total Assessed Valuation
Real Property
Personal Property
1977
$44.20
$207,516,620
$184,802,520
$22, 714,100
1976
45.30
235,479,850
179,132,420
56 347,430
1975
45.00
227,784,640
173,207,070
54,577,570
1974.
42.00
217,917,260
167,115,310
50,801,950
1973
40.40
202,517,660
159,057,380
43,460,280
1972
40.40
194,558,600
153,237,000
41;321,000
Table 6
CITY OF BANGOR, MAINE
LEGAL DEBT MARGIN, AUTHORIZED BUT UNISSUED DEBT
AND OVERLAPPING DEBT
DECEMBER 31, 1977
STATUTORY DEBT LIMIT:
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 7W of its last full state valuation. A
municipality may incur debt for school purposes to an amount outstanding at any
time not exceeding 10110 of its last full state valuation, for storm or sanitary
sewer purposes to an amount outstanding at any time not exceeding ?% 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 municipality incur debt which would
cause its total debt outstanding at any time to exceed 15110 of its last full
valuation .
The City of Bangor, Maine, maintains records showing the portion of each loan
included in the $12,485,880 total outstanding indebtedness as of December 31, 1977
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.
According to said records, the portion of said aggregate indebtedness issued for
said purposes is as follows:
AUTHORIZED BUT UNISSUED DEBT
As of De.ember 31, 1977, the City had authorized but unissued debt in the
amount of $65.1,000 for Airport use, however, on February 13, 1978 the City Council
rescinded thi: authorization.
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 1977
assessment amounted to $206,811.
The Bangor. Recreation Center has outstanding bonds in the Principal amount
of $1,694,000. The Center is a district organized pursuant to Chapter 90 of the
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.
Debt Limit
Percent of
State Assessed Value
BONDS AND NOTES
of $ 328,500,000
Amount
For
School Purposes
$ 1,614,270
10%
32,850,000.
For Storm or Sanitary
Sewer Purposes
2,720,527
7r`P/
24,637,500.
For
Municipal Airport Purposes
1,260,770
3%
9,855,000,
For
Water Purposes
-0-
-0-
For
Special District Purposes
-0-
-0-
For
All Other Purposes
6,890,313
77%t/o
24,637,500.
TOTAL
$12,485,880
15%
49,275,000,
AUTHORIZED BUT UNISSUED DEBT
As of De.ember 31, 1977, the City had authorized but unissued debt in the
amount of $65.1,000 for Airport use, however, on February 13, 1978 the City Council
rescinded thi: authorization.
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 1977
assessment amounted to $206,811.
The Bangor. Recreation Center has outstanding bonds in the Principal amount
of $1,694,000. The Center is a district organized pursuant to Chapter 90 of the
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.
YEAR
1-972
1973
1974
1975
1976
1977
Table 7
CITY OF BANGOR, MAINE
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR
GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES -
LAST. SIX CALENDAR YEARS
TOTAL
TOTAL
. RATIO OF DEBT
GENERAL BONDED
GENERAL FUND
SERVICE TO TOTAL
PRINCIPAL
INTEREST
DEBT SERVICE
EXPENDITURES
GENERAL'EXPENDITURES,
652,623
374,153
1,026,776
12,102,792
8.473/
678,234
403,741
1,081,975
14,028,428
.7.713/
11456,814
480,252
1,937,066
15,200,566
12.519%
747,754
472,680
1,220,434
17,062,754
7.153%
792,474
4991448
1,291,922
18,109,450
7.134%
792,476
534,787
1,327,263
18,641,544
7.000%
Table 8
CITY
OF BANGOR,
MAINE
OUTSTANDING
MUNICIPAL
DEBT
GENERAL OBLIGATION BOND.'
GENERAL
OCHOOL
SEWER
AIRPORT
'T'O'TAL .
1978
Balance
Jan 1
$ 5,367,034
1,684,686
2,720,533
1,210,747
10,983,000
Payments
Due
.478,292
255,182
225,884
99,642
1,059,000
1979
Balance
Jan 1
4,888,742
1,429,504
2,494,649
1,111,105
9,924,000
Payments
Due
478,294
255,182
225,883
99,641
1,059,000
1980
Balance
Jan 1
41410,448
1,174,322
2,268,766
1,011,464
8,865,000
Payments
Due
4441412
233,182
222,764
991642
1,000,000
1981
Balance
Jan 1
3,966,036
941,140
2,046,00.2
911,822
7,865,000
Payments
Due
4441414
233,182
222,763
99,641
1,000,000
1982
Balance
Jan 1
3,521,622
707,958
'1,823,239
812,181
61865,000
Payments
Due
392,848
232,146
.220,364
99,642
945,000
1983
Balance
Jan 1
3,128,7.74
475,812
1,602,875
712,539
5,920,000
Payments
Due
353,152
69,044
208,163
99,641
730,000
1984
Balance
Jan 1
2,775,622
406,768
1,394,712
6.12,898
5,190,000
Payments
Due
330,622
56,572
193,164
99,642
680,000
1985
Balance
Jan 1
2,445,000
350,196
1,201,548
513,256
4,510,000
Payments
Due
324,604
48,425
193,163
73,808
640,000
1986
Balance
Jan 1
2,120,396
301,771
1,008,385
439,448
3,870,000
Payments
Due
322,574
48,425
192,414
56,587
620,000
1987
Balance
Jan 1
1,797,822
253,346
815,971
382,861
3,250,000
Payments
Due
306,476
48,425
188,513
.56,586
600,000
1988
Balance
Jan 1
11491,346
204,921
627,458
326,275
2,650,000
Payments
Due
266,629.
47,175
105,877
55,319
475,000
1989
Balance
Jan 1
1,224,717
157,746
521,581
270,956
2,175,000
Payments
Due
234,268
31,746
91,838
52,148
410,000
1990
Balance
Jan 1
990,449
126,000
429,743
218,808
1,765,000
Payments
Due
.223,757
31,500
87,594
52,149
395,000
1991
Balance
Jan 1
766,692
94,500
342,149
166,659
1,370,000
Payments
Due
.215,453
31,500
87,159
50,888
385,000
1992
Balance
Jan 1
551,239
63,000
254,990
115,771
985,000
Payments
Due
173,638
31,500
73,919
40,943
320,000.
1993
Balance
Jan 1
377,601
31,500
181,071
74,828
665,000
Payments
Due
165,742
31,500
69,362
38,396
305,000
1994
Balance
Jan 1
211,859
1111709
36,432
360,000
Payments
Due
120,642
63,612
20,746
205,000
1995
Balance
Jan 1
91,217
48,097
15,686
155,000
Payments
Due
91,217
48,097
.15,686
155,000
CALENDAR YEAR
CITY OF BANGOR, MAINE
RATIO OF GENERAL BONDED DEBT TO ASSESSED
VALUE AND GENERAL BONDED DEBT PER CAPITA
LAST SIX CALENDAR YEARS
GENERAL
BONDED DEBT
ASSESSED
VALUATION
1972
$ 9,821,080.
$194,558,600
1973
11,936,640
202,517,660
1974
12,128,200
217,917,260
1975
13,302,760
227,784,640
1976
13,614,320
235,4791850
1977
12,485,880
207,516,620
* Based on 1970 Population of 33,428
RATIO OF
GENERAL BONDED
DEBT TO
ASSESSED VALUE
5.0/
5.9'%
5.6/
5.8/
5.8%
6.0/
Table 9
GENERAL BONDED
DEBT PER
CAPITA*
$ 293.80
357.09
362.82
397.95
407.27
373.52
Table 10
CITY OF BANGOR, MAINE
MISCELLANEOUS STATISTICAL DATA
DECEMBER 31, 1977
Date of Incorporation February 12, 1834
Form of Government Council/Manager
Area 36.03 Square Miles.
Streets 125 Miles
Fire Protection:
Number of Stations 4
Number of Firemen and Officers 119
Police Protection:
Number of Stations 1
Number of Policemen and Officers 65
Education:
Number of Scho.ols 12
Number of Teachers 345
Number of Students 5,579
Building -Permits .Issued:
New Construction 117
Alterations 276
Recreation and Culture:
Number of Parks 25
Number of Libraries 1
Number of Volumes 450,000 (Approx.)
Municipal Employees (Exclusive of Education):
Full time 606
Part time 212
DEMOGRAPHIC DATA
1976 - Income
Households
10,760
Income for Household
13,914
Effective Buying Income
12,791
1976 - Labor Force
Manufacturing
13.8/
Wholesale/Retail Trade
21.5%
Services
22.1%
Government
23.0%
Construction
3.7%
Transportation/Utilities
6.3%
Other
1.2010
Unemployed
8.4%
100.0%
1977 - Housing Estimates
Population (1975)
32,262
Total Units
11,992
Owner -Occupied
5,851
Single -Family Built 1970-77
325
Multi -Family Built 1970-77
854