1976City of Bangor
Maine
C AF 9 (1*0"
ANNUAL FINANCIAL REPORT
FISCAL YEAR ENDED DEC. 31, 1976
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City of Bangor
Maine
C AF 9 (1*0"
ANNUAL FINANCIAL REPORT
FISCAL YEAR ENDED DEC. 31, 1976
CITY OF BANGOR, MAINE
ANNUAL FINANCTAL REPORT
r YEAR ENDED DECEMBER
I
r -
TABLE OF CONTENTS,
I Financial Statements:
Accountants' Report
Combined Statements:
Combined Balance Sheet - All Funds
and Account Groups
Combined Statement of Revenues -
Estimated and Actual - General and
Special Revenue Trust Funds
Combined Statement of General Governmental
Expenditures and Encumbrances Compared
with Appropriations - General and Special
Revenue Trust Funds
Combined Statement of Cash Receipts,
Disbursements and Bank Balances - All Funds
Combined Statement of Taxes Receivable and
Tax Liens - All Funds
Combined Statement of Long-term Debt Payable
Combined Statement of Investments - All Funds
Combined Statement of Interfund Accounts
General Fund:
Balance Sheet
Statement of Revenues, Expenditures and
Encumbrances - Budget and Actual
Statement of Changes in Fund Balance
Capital Improvement Fund:
Balance Sheet
Combined Cumulative Statement of Revenues,
Expenditures, Encumbrances and Changes
in Appropriated Fund Balances
Combined Statement of Revenues
Statement of Changes in Unappropriated
Fund Balances
International Arrivals Building Fund:
Balance Sheet
Cumulative Statement of Revenues, Expenditures
and Changes in Fund Balance
Exhibit
(Continued)
A-"-
-D
DD
r�
GG
A-2
3
L- I
B-2
B-3
- T
C -i
-2
2
CITY OF BANGOR, MAINE
ANNUAL FINANCIAL REPORT, CONTINUED
(• YEAR ENDED DECEMBER 31, 1976
r
TABLE OF CONTENTS, CONTINUED
I Financial Statements, Continued Exhibit'
Enterprise Funds:
Combined Balance Sheet D-1
Sewer Utility Fund -
Statement of Operations D-2
Statement of Changes in Retained Earnings D-3
Statement of Changes in Financial Position D-4
Airport Fund -
Statement of Operations D-5
�> Statement of Changes in Retained Earnings D-6
Statement of Changes in Financial Position D-7.
Hospital Fund -
Statement of Operations
D-8
Statement of Changes in Retained Earnings
D-9
Statement of Changes in Financial Position
D-10
Trust and Agency Funds:
Combined Balance Sheet
E-1
Trust Funds - Statement of Revenues,
Expenditures and Changes in Fund Balances
E-2
Federal Revenue Sharing Trust Fund -
Statement of Revenues, Expenditures and
Changes in Fund Balance
E-3
Agency Funds - Amounts Held for Others
E-4
General Fixed Assets:
Statement of General Fixed Assets
F-1
Statement of Changes in General Fixed Assets
F-2
General Long-term Debt:
Statement of General Long-term Debt
G-1
Notes to Financial Statements
II Supplementary Data and Statistical Tables:. Table
Assessed Valuation, Commitment and Collections 1
General Fund Expenditures by Function -
Last Five Calendar Years 2
General Fund Revenues by Source - Last Five
Calendar Years 3
Property Tax Valuation, Levies and Collections -
Last Ten Calendar Years 4
Local Assessed Valuations - Last Five
Calendar Years 5
(Continued)
3
CITY OF BANGOR, MAINE
ANNUAL FINANCIAL REPORT, CONTINUED
YEAR ENDED DECEMBER 31, 1976
TABLE OF CONTENTS, CONTINUED
II Supplementary Data and Statistical Tables, Continued Table
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 Five 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 Five
Calendar Years 9
Miscellaneous Statistical Data 10
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, 1976 as
listed under the exhibits in the accompanying table of contents. 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. The
financial statements of the City of Bangor, Maine for the year ended
December 31, 1975 were examined by other auditors whose report dated March 31,
1976, expressed an unqualified opinion on those financial statements.
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, 1976, 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 princ-iples
applied on a basis consistent with that of the preceding year.
March 30, 1977
Exhibit AA..
CITY OF BANGOR, MAINE
COMBINED BALANCE SHEET - ALL FUNDS
AND ACCOUNT
GROUPS
DECEMBER 31, 19' 6
Capita]-
Internati.on.,].
,3ewer
Trust and
General General.
General
Improvement
Arr- i.vria.:;
Ut;i.1.11;y
Airport;
Hos 1)i.ta1.
Agenr,-y
Fix^d Long-term
Assets and Other Debits Fund
bund
Bui lditi€; Pund
fund
fund
fund
Funds
Assets Debt
Cash $1,318,810
2,409,798
7/4
233,835
259,724
2,716
181,164
Investments
373,875
Receivables (Net, where
applicable, of Allowances
for Estimated Uncollectible
Amounts):
Accounts receivable 438,475
481,013
81,096
98,81
..57
232,095
133,077
330,733
Taxes, including interest,
penalties and liens 770,587
Special assessments
182,529
Notes
130,025
Other
91,900
Due from Other Funds 1,29+,134
163,800
16,414
Due from Community
Development
50,000
Inventories 571,04-9
21,419
46,868
964
Prepaid Expenses 13,890
991
7,449
139
Advances to Other Funds
500,000
Property, Plant and Equipment
(Net of Accumulated
Depreciation)
14,487,825
113,017,658
991,010
28,581,319
Amount to be Provided for
Retirement of Bonds and Notes
"3,744,345
Deposits
1,143,904
1,154,966
Other Assets 12,684
1,272,508
37,868
$4,419,629
3,879,040
81,170
16,116,856
116,007,682
1,127,906
923,640
28,581,319 13,744,345
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 $ 48,057 1,007,543 8,269
Contracts Payable 11,901
Amounts Held by Agency
Funds for Others
Due to.Other Funds
91,900
Advances from Other Funds
Advances from Other Agencies 57,502
Customer Deposits
Current Installments - General
Obligation Bonds
General Obligation Bonds and
Notes Payable
Total Liabilities 117,460
1,099,443
Encumbrances Outstanding 347,194
Reserves, Contributions and
Fund Balances/Retained Earnings
Reserves for:
Advances to Other Funds
500,000
Contributions - General Obligation Bonds
City of Bangor
Contributions.- Property, Plant and Equipment
Other.Governments
City of Bangor
Customers
Contributions - Operating Capital
City of Bangor
Fund Balances/Retained Earnings:
Investment in General Fixed Assets
Fund Balances (Deficit) 3,9541975
2,279,597
Retained Earnings
$ 4,4-19,629
3,879,040
See accompanying notes to financial statements.
180,214 85,000
33,440
231,883
Airport
Fund
55,539
985,000
500,000
2,000
99,641
Exhibit AA, Con't.
Trust, and General
Hospital Agency Fixed
Fund Funds Assets
4,662 1,603
131,473
132,234
180,214 358,592 1,642,180 136,896 133,076
2,720,527 1,260,770
4,519,785 112,973,062 991,010
6,685,831
140,221
120,755
General
InI-- t PI -Til
13,7-a, 345
13,7-a, 345
28,581,319
(99,044) 790,564
1,691,900 10,915
81,170 16,116,856 116,007,682 1,127,906 923,640 28,581,319 13,---4,345
i-
Exhibit BB
CITY OF BANGOR, MAINE
GENERAL AND SPECIAL REVENUE TRUST FUNDS
COMBINED STATEMENT OF REVENUES - ESTIMATED AND ACTUAL
YEAR ENDED DECEMBER 31, 1976
Estimated Actual
Source and Fund Revenues Revenues
Taxes: General Fund
$ 10,819,104 $ 10,989,193
Licenses and Permits: General Fund 131,870 1144,821
.Intergovernmental Revenue:
General Fund 5,981,263 6,073,955
Federal Revenue Sharing Trust Fund 1,251,675 1,273,175
7,232,938 7,347,130
Charges for Services: General Fund 834,764 787,657
Fines, Forfeitures and Penalties:
General Fund 73,500 63,541
Miscellaneous Revenue: General Fund 488,943 503,030
Transfers from Other Funds: General Fund 5,000 116,020
Reimbursements: General Fund 318,552 246,539
Budgeted Use of Fund Balance:
Federal Revenue Sharing Trust Fund 283,325 283,325
Total Revenues $ 201.187,996 $ 20,481,256
See accompanying notes to financial statements.
f'rYe
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, 1976
Actual Expenditures
Function and Fund Appropriations and. Encumbrances
General Government: General Fund
1,083,571
Public.Safety.: General Fund
21318,161
Health, Welfare and Recreation:
General Fund
1,774,603
Public Buildings and Services:
General Fund
2,513,921
Miscellaneous: General Fund
2,119,008
Other Agencies: General Fund
8,473,909
Other Appropriations:
General Fund
369,823
Federal Revenue Sharing Trust Fund
1,535,000
$.
1,904,823
Total General Government
Expenditures and Encumbrances $ 20,187,996
See accompanying notes to financial statements.
1,015,975
2,295,425
1,587,810
2,400,524
1,.972,436
8,447,626
389,654
1,551,098
$ . 1,940,752
$ 19,660,548
Balance per banks $ 4,322,698
Less: Community Development Fund 34,759
Outstanding Checks 566,038
.Plus: Deposits in Transit 681,517
Petty Cash 2,703
Total All Funds $ 41406,121
SAP. accompanying notes to financial statements,
Exhibit DD
-
CITY OF BANGOR, MAINE
i.
COMBINED STATEMENT
OF CASH RECEIPTS,
DISBURSEMENTS,
AND BANK
BALANCES -
ALL FUNDS
YEAR ENDED DECEMBER 31, 1976
i s•
Balance at
Balance at
Beginning of Year
Receipts
Disbursements
End of Year
General Fund
$ 1,029,673 $
42,083,193
$ 41,794,056
$ 1,318,810
Capital Improvement
Fund
3,412,228
21,854,205
22,856,635
2,409,798
i, International
Arrivals Building
75,126
362,808
437,860
74
-- Enterprise Funds:
Sewer.Utility Fund
240,408
904,365
910,938
233,835
Airport Fund
138,006
2,929,186
2,807,468
259,724
Hospital Fund
10,346
741,442
749,072
2,716
Trust and Agency Fund
888,839
4,083,828
4,791,503
1811164
Total All Funds
$ 5,794,626 $
72,959,027
$ 74,347,532
$ 4,406,121
Bank Balances:
Balance per banks $ 4,322,698
Less: Community Development Fund 34,759
Outstanding Checks 566,038
.Plus: Deposits in Transit 681,517
Petty Cash 2,703
Total All Funds $ 41406,121
SAP. accompanying notes to financial statements,
� r -
CITY OF BANGOR, MAINE
COMBINED STATEMENT OF TAXES RECEIVABLE
( AND TAX LE INS - ALL FUNDS
DECEMBER 31, 1976
Exhibit EE
General Fund
Taxes Receivable Tax Liens
Taxes, by Years of Levy:
19.70 and PRIOR $ 237 $ 2,757
1971 776 2,117
1972 11134 3,409
1973 1198 3,314
1974 10,048 9,725
1975 24,854 126,294
1976 603,119 -
Total Taxes Receivable - All Funds 641,366 147,616.
Less: Estimated Uncollectible Taxes 18,395
Net Taxes Receivable - All Funds $ 622,971 $ 147,616
See accompanying notes to financial statements.
CITY OF BANGOR, MAINE
COMBINED STATEMENT OF LONG-TERM DEBT PAYABLE
DECEMBER 31, 1976
General Obligation Bonds
Permanent Public Improvements
Sewer
Permanent Public Improvements
Capital Improvements
Sewer
Urban Renewal
High School
Kenduskeag Stream Improvement
Permanent Public Improvements
Permanent Public Improvements
General Public Improvement
General Public Improvement
Street and Sewer
Interceptor Sewer and Treatment
Plant
Permanent Public Improvements
Per•mnnent Pul)li.c Improvements
Permanent
Public
Improvements
Permanent
Public
Improvements
Permanent
Public
Improvements
Permanent
Public
Improvements
Interest Issue
Rates. Date
3.60/
3.30
3.70
3.40
3.38
3.00
3.00
3.00
3.00
3.00
3.10
4.00
4.00
3.70
4.00
4.10
5.75
6.50
4.90
4.60
8/1/57
11/1/57
10/1/59
8/1/60
8/1/61
3/1/62
8/1/62
8/1/62
9/1/63
3/1/64
9/1/65
12/1/66
12/1/66
7/1/67
9/1/67
9/1/68
8/15/69
7/1/70
Permanent
Public Improvements
5.00 7/'15/73
Permanent
Publ.ic Improvements
6.50 8/1/95
Final
Total General Obligation Bonds
General Obl.i.gr..ti.on
Notes
Fairmount
Terrace Park Note
5.75 10/30/69
Permanent
l:�iblic Improvements
5.00 12/15/73
1976 Bond
Ant i.cipnti.on Note
3.6/1
Authorized
Total. General. Obligation Notes
Interfund Note -Sewer Utility Fund
Variable 1975
See ac;compnnyi.ng,
notes to financial.
stin temen1;s.
Exhibit FF
Bonds
and Notes
Final
Annual
Maturity
Serial
Date
Payments
Authorized
Issued
Retired
Outstanding
5,000
$ 100,000
100,000
.95,000
5,000
11/1/77
6,000
120,000
120,000
114,000
6,000
10/1/79
39,000
780,000
780,000
663,000
117,000
8/1/82
20,000.
435,000
435,000
320,000
115,000
(15,000 in 1982)
8/1/83
20,000
435,000
435,000
300,000
135,000
(15,000 in 1983)
3/1/79
20,000
340,000
340,000
280,000
60,000
8/1/82
160,000
3,200,000
3,200,000
2,240,000
960,000
8/1/82
85,000
1,650,000
1,650,000
1,190,000
460,000
(35,000 in 1982)
9/1/83
20,000
400,000
400,000
260,000
140,000
3/1/84
25,000
485,000
485,000
300,000
185,000
(10,000 in 1984)
9/1/86
15,000
315,000
315,000
165,000
150,000
12/1/87
10,000
210,000
210,000
100,000
100,000
12/1/86
5,000
100,000
100,000
50,000
50,000
7/1/87
70,000
1,400,000
1,400,000
630,000
770,000
9/1/87
35,000
700,000
700,000
315,000
385,000
9/1/88
35,000
690,000
690,000
280,000
410,000
(25,000 in 1988)
8/1.5/89
55,000
1,060,000
1,060,000
385,000
675,000
(15,000 in 1989)
7/1/85
50,000
720,000
720,000
300,000
420,000
(20,000 in 1985)
5/1/91
35,000
690,000
690,000
175,000
515,000
(25,000 in 1991)
3/1/92
55,000
1,060,000
1,060,000
220,000
840,000
(15,000 in '1992)
7/15/93
100,000
2,000,000
2,0001000
300,000
1,700,000
8/1/95
205,000
4,050,000
4,050,000
205,000
3,845,000
(155,000 in 1995)
� 0, 0,000
8,88 ,0 0
12,053,000
10/30/79
4,440
44,400
�+4,400
31,080
13,320
12/15/78
54,000
270,000
270,000
162,000
108,000
2,090,000
1,4IE0,000
-
1,440,000
16 2.,404,400. 1,75L1,1..100
1.93,080
1,561,320
Variable
x"/(
165,VbO
1 5
CITY OF BANGOR, MAINE
COMBINED STATEMENT OF INVESTMENTS - ALL FUNDS
. DECEMBER 31 , . 1976
Description
Trust and Agency Funds:
American Tel & Tel
Cleveland Electric ..
Illumination Co.
New York Telephone Co.
Pacific Tel & Tel Co.
Philadelphia Electric Co.
U.S. Treasury Notes
U.S. Treasury Notes
U.S. Treasury Bonds
U.S. Treasury Notes
U.S. Treasury Notes
Other
Total - All Funds
Interest Maturity Par
Rates Dates . Value Cost
Exhibit GG
Market
Value
4
3/8/
4/1/85
$ 5,000
4,903
4,300
4
3/8/
4/1/94
5,000
4,906..
3,288
4
1/2'0
5/15/91
5,000
4,888
3,731
4
3/8010
8/15/88
5,000
4,818
3,806
4
3/8/
12/1/86
5,000
4,925
3,750
3
1/4
6/15/83
50,000
44,250
42,656
4
/
2/15/80
50,000
49,000
47,531
7
/
5/15/98
100,000
93,765
99,375
7
5/8/
6/30/80
75,000
74,770
79,008
7
7/8%
5/15/86
85,000
85,000
911402
2,650
See accompanying notes to financial statements.
$ 385,000 373,875 378,847
CITY OF BANGOR, MAINE
COMBINED STATEMENT OF INTERFUND ACCOUNTS.
i DECEMBER 31, 1976
Due From
Other Funds
General Fund:
Capital Improvement Fund $ 911900
Sewer Utility Fund 85,000
Airport Fund 985,000
Hospital Fund 132,234
Capital Improvement Fund:
General Fund
International Arrivals Building Fund
International Arrivals Building Fund:
Capital Improvement Fund
Airport Fund
Sewer Utility Fund:
General Fund
Airport Fund:
General Fund
International Arrivals Building Fund
Hospital Fund:
General Fund
Trust and Agency Funds:
Total Interfund Accounts
163,800
16,414
5 1,474,348
See accompanying notes to financial statements.
Exhibit HH
Due To
Other Funds
91,900
91,900
163,800
16,414
85,000
985,000
132.234
$ 1,474,348
I�
CITY.OF BANGOR, MAINE
GENERAL FUND
BALANCE SHEET
DECEMBER 31, 1976
WITH COMPARATIVE FIGURES FOR DECEMBER 31, 1975
Exhibit A-1
Assets.
1976
1975
i, Cash $
1,318,810
$ 1,029,673
Accounts Receivable (less allowance for estimated
- uncollectible accounts, 1976 - $32,631;
' 1975 - $25,133)
438,475
314,005
Taxes Receivable (less allowance for estimated
uncollectible taxes, 1976 - $18,395; 1975 - $45,256)
622,971
609,177
(Exhibit EE)
Tax Liens Receivable (Exhibit EE)
147,616
124,529
Inventories (Note 2)
571,049
485,284
Prepaid Expenses
13,890
7,792
Due from Hospital Fund
132,234
89,834
Due from Sewer Utility Fund
85,000
194,100
Due from Airport Fund
985,000
763,8?7
Due frcm Capital Improvement Fund
91,900
-
Other Assets 12,684 26,027
$ 41419,629 $ 3,644,298
Liabilities and Fund Balance
Liabilities:
Accounts Payable $ 48,057 $ 268,446
Contracts Payable 11,901 26,027
Due to Community Development Fund (Note 9) - 14,668
Advances from Other Governmental Agencies 57,502 28,295
To.tal Liabilities $ 117,460 $ 337,436
Encumbrances Outstanding 347,194 249,199
Fund Balance (Exhibit A-3)
Appropriated (Note 3) 616,824 584,578
Unappropriated 3,338,151 2,473,085
Total Fund Balance 3,954,975 3,057,663
Contingent Liability (Note 11)
$ 41419,629 $ 3,644,298
, accompanying notes to financial statements,
CITY OF BANGOR, MAINE
rr+nrcn w r r:,rrnm
STATEMENT OF REVENUES, EXPENDITURES AND
ENCUMBRANCES - BUDGET AND ACTUAL
YEAR ENDED DECEMBER 31, 19?6
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1975
1976
Revenues Budget Actual
Taxes:
Real property taxes 3 8,.114,699 6 8,122,711
Personal property taxes. 2,034,405 - 2,034,405
Penalties and interest on delinquent taxes 70,000 69,068
Automobile excise taxes 600,000 763,009
Total Taxes 10,819,104 10,989,193
Licenses and Permits:
Exhibit A-2
1975
Actual
6 7,804,512
1 , 989 , 44•;.
X94.8%
10,659,933
Street use permits
101,177
110,086
118,260
Non -business licenses and permits
14,738
20,731
15,703
Business and professional licenses
and permits 10,045
81741
10,142
Other licenses and permits
5,910
5,263
4,894
Total Licenses and Permits
131,870
144.821
148,9Go
Intergovernmental Revenue:
Stare revenue sharing
State grants
Federal revenue sharing
Federal grants
Payments in lieu of taxes
Civil Emergency Preparedness
Miscellaneous
Total Intergovernmental Revenue
Charges for Services:
General government
Public Safety
Highways and Streets
Sanitation
Health
Schools
Cemetaries
Public Buildings
Recreation
Total Charges for Services
Fines, Forfeitures and Penalties
Miscellaneous Revenues:
Muri-icipal auditorium fees
Municipal golf course fees
Interest ori time deposits
Bus fares and revenues
Other
Total Miscellaneous Revenues
Transfers from Other Funds:
Trust fund - Bass Park
GrouU insurance dividend
Total Transfers From Other Funds
Reimbursements:
General -o•fernment - Miscellaneous
Bangor ui:an Renewal Authority - Planning
Pr;rking and modernization
4ielfare
Bangor Fair Corp.
Tota- Reimbursements
Total Revenues
472,800
3,306,988
1,535,000
155,311
40,000
471,164
5,981,263
24,400
22,900
15,000
1,100
8,300
673,184
14,600
5,880
69,400
834,764
73,500
120,000
75,700
75,000
206,743
11,500
488;943
2,000
3,000
5,000
_'co
33,972
8,000
84,800.
191.280
j18. c_,2
c_'
5 18,652.996
506,484
3,325,464
1,551,098
147 ,891
36,058
28,269
478,691
6,073,955
29,881
26,969
1,105
12,657
611 621
21,247
5,370
78,867
787,657
63,541
110,997
72,717
102,093
204,002
13,221
503,030
116,020
116,020
3Gr
33,972
7 50-
26,391
178,2x0
246. Stir,
422,32=
3,072,613
954.
216.
36 •E c
4075,___
5,105,
25,
20, 3 i
li �
1 G�
,
9,621
577.
20,''33
4 ?
17,25^
685. ; _ =
65,58c
106.
78.
93;-=
1R1,GGj
J
469,=^L
2,-�9
'1
Exhibit 1;-2, uon't.
CITY OF BANGOR, MAINE
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND =_NCUMBRANCES -
BUDGET AND ACTUAL, CONTINUz-
1976
Authorizt ion
1976 Actual Expenditures
Balances Carried
Total.
Balances Carr_ec
Forward -Beginning
Tol;;,l.
Actual.
Forward -E::
of Year
Appropri=-ion
Authorization Expenditures
Encumbrances Expenditures
of' Year
Expenditures and Encumbrances:
General Government:
Council $
22,',20
22,720
14,847
3,097
17,944
Executive
203,512
203,512
190,14.4
633
190,777
5C, -
City Clerk
91.-60
91,460
88,144
400
88,544
Finance
173,41
173,611.1
173,1184
919
174,403
Registration of Voters
25,;06
25,366
25,258
25,258
Assessment
82,913
82,913
80,257
136
80,393
Legal
38,=46
38,046
35,368
35,368
20.
Personnel
39,'=-15
39,615
31,534
89
31,623
Economic Development,.
Research & Planning 2,750
145,291
148,041
129,950
202
130,152
Insurance
125,-00
125,000
115,533
115,533
Contributions to Other
Agencies
136,=07
136,007
125,980
125,980
Total General
Government 2,750
1,083,571
1,086,321
1,010,499
5,476
1,015,975
3,38,::-
,38;Public
PublicSafety:
Police 1,518
958,°98
960,416
958,930
8,818
967,748
66---
6EFire
Fire
1,229,'40
1,229,140
1,203,258
238
1,203,496
Code Enforcement
119 =51
119,551
114,531
114,531.
Civil Defense
10,572
10,572
9,650
9,650
Total Public Safety 1,518
2,318,'61
2,319,679
2,286,369
9,056
2,295;425
66E
Health, Welfare and Recreation:
Hospital Deficit
197,'47
197,147
132,090
132,090
Health 66,955
664,360
731,315
592,708
1,423
594,131
29,292
Welfare
252,586
252,586
246,722
134
246,856
Parks and Recreation
6601510
660,510
603,999
10,734
614,733
Fine Arts
Total Health, Welfare
and Recreation 66,955
1,774,EO3
1,841,558
1,575,519
12,291
1,587,810
29,292
1975
Actual.
Expenditure.
19,27r-
162,767
76162,76.7
87,32°
168,8,73
33,1
36,724
144.5
12! .2G'
117, -9%
990,922
1 985, 7�;
93,45
8 0C,
2,151,239
145,332
494,332
269,42;
584,06-
72C
84,06 -72C
1,493,873
E}:h:ibit t-2, Con' t.
CITY OF BANGOR, MAINE
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND ENCUMBRANCES -
BUDGET AND ACTUAL, CONTINUED
Total Expenditures
and Encumbrances $ 102,453 18,652,996
Excess of Revenues
over Expenditures
and Encumbrances $ -
(Exhibit A-3)
See accompanying notes to financial statements.
18,755,4119 17,841,084 268,366 18,109,450
815,306
1975
Actual
Expenditures
68,247
1,858,697
273,107
2,200,051
861
775,440
48,443
767,729
(2,008)
(52)
1,590,413
270, 000
199,771
7,539,640
8,009,411
46,643
57,202
523,000
626,845
11/1,693 17,062,751+
249,500
1976
Authorization
1976 Actual Expenditures
Balances 'Carried
Total
Balances Car_ied
Forward
-Beginning
Total
Actual
Forward -Enc:
of
Year Appropriation
Authorization
Expenditures
Encumbrances
Expenditures
of Year
Expenditures and Encumbrances, Continued:
Public Buildings and Services:
Public Buildings
72,365
72,365
65,657
65,657
Public Services
(6,223)
2,006,022.
11999,799
1,889,797
8,374
1,898,171
85C
Motor Pool
435,534
435,534
'+31,536
.5,160
436,696
Total Public Buildings
and Services
(6,223)
2,513,921
2,507,698
2,386,990
13,5.34
2,400,524
850
Miscellaneous:
Harbors and Wharves
2,490
2,490
988
988
Pensions and Other
Fringe Benefits
979,130
979,130
891,852
891,852
Contingency
200,000
200,000
156,120
156,120
7,025
Debt Service
937,388
937,388
923,476
923,476
Community Development
Housing'Authority
Total Miscellaneous
2,119,008
2,119,008
1,972,436
1,972,436
7,02=.
Other Agencies:
Taxes Paid to County
246,240
246,24-0
246,240
246,240
Public Library
213,056
213,056
213,056
213,056
Education
37,453
8,014,613
8,052,066
7,760,321
228,009
7,988,330
73,475
Total Other Agencies
37,453
8,473,909
8,511,362
8,219,617
228,009
8,447,626
73,475
Other Appropriations:
Overlay (allowance for
uncollected taxes)
73,453
73,453
48,453
48,453
Bad Debt Expense
44,831
44,831
Recreation District Tax
234,370
234,370
234,370
234,370
Appropriated Surplus
62,000
62,000
62,000
62,000
369,823
369,823
389,654
389,654
Total Expenditures
and Encumbrances $ 102,453 18,652,996
Excess of Revenues
over Expenditures
and Encumbrances $ -
(Exhibit A-3)
See accompanying notes to financial statements.
18,755,4119 17,841,084 268,366 18,109,450
815,306
1975
Actual
Expenditures
68,247
1,858,697
273,107
2,200,051
861
775,440
48,443
767,729
(2,008)
(52)
1,590,413
270, 000
199,771
7,539,640
8,009,411
46,643
57,202
523,000
626,845
11/1,693 17,062,751+
249,500
r-
'' Exhibit A-3
CITY OF BANGOR, MAINE
GENERAL FUND
STATEMENT OF CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1976
WITH COMPARATIVE FIGURES FOR YEAR ENDED DECEMBER 31, 1975
1976 1975
Unappropriated Appropriated Unappropriated Appropriated
Fund balance,
beginning of year $
Add:
Excess of revenues:
over expenditures
(Exhibit A-2)
Budgeted appropriation
to surplus
Net addition to re-
placement accounts for:
Automotive Equipment
Bus Service Equipment
Bass Park Labor Project
Deduct:
Tax liens transferred to
City -owned property
2,473,085 $ 584,578 $ 1,672 334 $ 320,766
815,306
62,000
Transfers:
Utilization of balances
carried forward - beginning
of year 102,453
Balances carried forward,
end of year (114,693)
136,792
57,566
(174352)
(102,453)
114,693
249,500
523,000
25,435
94,500
174,352
(2,224)
132,928 (132,928)
(102,453) 102,453
Fund Balance,
end of year $ 3,338,151 $ 616,824 $ 2,473,085 $ 584,578
(Exhibit A-1)
See accompanying notes to financial statements,
Exhibit B-1
CITY OF BANGOR, MAINE
CAPITAL IMPROVEMENT FUND
BALANCE SHEET
DECEMBER 31, 1976
Assets 1976
Cash $ 2,409,798
Accounts receivable 344,191
Accrued reimbursements receivable 136,822
Receivable from Bangor Fair Corp. 91,900
Due from International Arrivals Building
Fund 163,800
Due from,Community Development Fund
(Note 9). 50,000
Deferred Special Assessments Receivable:
Sewer Construction 159,655
Street Construction 22,874
Advances to Airport Fund 500,000
$ 3,879,040
Liabilities, Reserves, and Fund Balance
Accounts payable and encumbrances
outstanding 1,007,543
Due to General Fund 91,900.
Reserves for:
Advance to Airport Fund 500,000
Fund balance:
Unappropriated - (Exhibit B-4) (Note 4)
Future Construction - General Fund 164,?75
Future Construction Sewer Utility Fund 312,949
Future Construction - Airport Fund 48,047
Deferred Special Assessments 182,529
Appropriated (Exhibit.B-2) 1,571,297
$ 3,879,040
See accompanying notes to financial statements.
CITY OF BANGOR, MAINE
CAPITAL IMPROVEMENT FUND
COMBINED CUMULATIVE STATEMENT OF REVENUES, EXP.ENDI'TUltfsS,
ENCUMBRANCES AND CHANGES IN APPROPRIATED FUND BALANCES
YEAR ENDED DECEMBER 31, 19`)6
Project
Authorization
REVENUES
(Memorandum
Cumulative
Current Year
Completed
Cumulative Dec
Dec!
PROJECT
Only)
December 31, 1975
(Exhibit B-3)
Projects
December. 31, 1976
GENERAL FUND
I BUILDINGS
Auditorium Addition Study
$ 6,500
6,500
(6,500)
Auditorium Improvement Planning
13,300
13,300
(13,300)
Auditorium Roof
73,500
73,500
(11,314)
(59,186)
City Hall - Permanent Improvements
70,400
70,400
']0,400
Dog Pound Construction
35,000
35,000
7,639
(42,639)
New Fire Station
1,160,000
750,000
410,000
1,160,000
Speculative Industrial Building
26,600
20,600
(26,600)
Municipal Auditorium Improvements
127,614
100,000
27,614
12'7,614
Police Station Building Improvements
56,021
56,021
56,021
LAND
New Fire Station Site
350,000
350,000
350,000
Bass Park
101,900
101,900
(101,900)
STREETS
Airport Industrial Park
100,000
100,000
100,000
Airport Industrial Park
8,800
8,800
(8,800)
Bangor Water District
50,000
50,000
(20,000)
30,000
Bellevue Avenue
7,000
7,000
(7,000)
Broad Street East
13,000
13,000
13,000
Brookside Drive
65,000
65,000
65,000
Dodge Street Construction
34,170
25,000
9,170
(34,170)
Essex Street Construction
78,000
78,000
(78,000)
Garland Street Paving
40,000
40,000
(40,000)
Godsoe Road Construction
84,000
84,000
84,000
Hammond Street Industrial Park Rds.
210,000
210,000
(25,000),
(185,000)
Husson Avenue
215,000
215,000
215.,000
Judson Heights Subdivision
383,000
383,000
383,000
Kenduskeag Associates Subdivision
162,700
162,700
162,700
Mildred Avenue Street Construction
15,000
15,000
15,000
- Perry Road Overlay
50,000
50,000
50,000
Root Street Construction
12,300
12,300
4,014
16,3143
Reconstruction of Streets
435,000
300,000
135,000
4. 35,000
State Aid Construction -Undesignated
Union Street Paving - State Aid
71,500
71,500
183
(71.,683)
Woodlawn Subdivision
55,000
55,000
(55,000)
• i
Exhibit B-2
Cumulative CURRENT YEAR cumulative
Expenditures Charged.to Expenditures Appropriated
and Encumbrances Encumbrances Encumbrances Completed and Encumbrances Fund Balance
December 31, 1975 Expenditures Outstanding December. 31, 1976 Projects December 31, 1976 December 31, 1976
40,722
128,228
51,016
(6,305)
183,430
48,150
8,347
754
65,000
21,202
27;152
(4,798)
162,700
15,000
(50,635)
(Continued)
6,500
(6,500)
59,186
(59,186)
17,295
12,383
29,678
411644
995
(42,639)
210,899
820,873
1,031,772
15,255
58,632
2,711
76598
49,014
13,311
62,326
159,890
6,680
166,570
101,900
(101,900)
47,634
4,216
51,850
21,653
21,653
1,246
1,246
21,170
(21,170)
52,656
(52,656)
40., ?7,0
(40,770)
62,798
260,545
(7,024)
(56,560)..
(176,961)
1,852
185,996
187,848
337,500
247,.560
(197,262)
387,798
50,900
(50,900)
16,314
(16,314)
276,802
226,472
(17,639)
485,635
71,683
(71,683)
63,180
24,653
(26,507)
(61,327)
40,722
128,228
51,016
(6,305)
183,430
48,150
8,347
754
65,000
21,202
27;152
(4,798)
162,700
15,000
(50,635)
(Continued)
ar,
De
CITY OF BANGOR, MAINE
CAPITAL IMPROVEMENT
FUND
COMBINED CUMULATIVE STATEMENT OF REVENUES, 1;XPENDI'TURI3S,
ENCUMBRANCES AND CHANGES IN APPROPRIATED FUND BALANCES,
CONTINUED
REVENUES
Project
ii
Authorization
(Memorandum
Cumulative
Current Year
Completed
Cumulative
PROJECT
Only)
December 31, 1975
(Exhibit B-3)
Projects
December 31, 1976
GENERAL FUND
Is;
SIDEWALKS
Harlow Street Sidewalk
$ 32,759
15,000
185,000
17,759
82,242
32,759
267,242
Sidewalk Improvements
267,241
ELECTRICAL
Forest Avenue Lights
2,000
2,000
2,000
8,000
Main & Union Street Traffic Lights
8,000
8,000
25,000
State Street Lighting
25,000
215,000
68,129
Traffic Control System
68,129
68,129
Bass Park
Bass Park - Existing Area
656,596
656,596
656,596
468,002+
Bass Park Expansion
4CR,00/1
'i4U,000
/I6t3,OOil
340,000
340,000
Parking Traffic Improvements
50,000
50,000
50,000
Engineering and Administration
OTHER PROJECTS
Broadway Storm Sewer Correction
75,340
75,340
(75,340)
(25,000)
Cascade Fountain
25,000
34,000
25,000
34,000
34,000
Civic Center
East Side Improvements Phase 3
277,500
130,986
73,490
204,476
61,000
Al
ii
Garland Street.Field Lighting
61,000
61;000
(9,079)
Garland Street Tennis Court
Kenduskeag Stream Park
9,079
276,000
9,079
5,000
121,000
126 000
Pedestrian Walkway - Planning
10,000
10,000
155,000
10,000
155,000
Fire Department Ladder Truck
155,000
282,197
282,197
Pedestrian Walkway
Solid Waste Incinerator
285,000
300,000
300,000
300,000
Union Street Recreation Area
NDP.
120,000
155,595
70,000
61,068
46,289
70,000
107,357
York -Hancock
Total General Fund
7,811,548
5,621,762
1,762,544
(849,811)
6,534,495
ar,
De
Exhibit B-2, Con't.
(Continued)
EXPENDITURES
AND ENCUMBRANCES
Cumulative
CURRENT YEAR
Cumulative
Expenditures
Charged to
Expenditures
Appropriated
and Encumbrances
Encumbrances
Enumbrances
Completed
and Encumbrances
Fund Balance
December 31, 1975
Expenditures
Outstanding
December 31, 1976
Projects
December 31, 1976
December 31, 1976
12,070
20,689
32,759
169,307
84,434
253,741
13,501
512
512
1,488
6,839
402
7,241
759
13,400
273
13,673
11,327
1,839
1,839
66,290
619,293
111,8.55
(1,796)
729,351
(72,755)
225,173
313,921
(98,693)
5,185
445,586
22,418
104,738
104,738
235,262
24,859
15,265
40,123
9,877
700
74.,640
(75,340)
14,618
(14,618)
33,952
33,952
48
158,092
46,384
204,476
-
61,000
9,078
9,061
(9,078)
(9,.061)
4,865
43,959
48,824
77,176
10,778
(778)
10,000
155,000
228,837
53,360
282,197
59,987
59,987
.240,013
119,061
116,568
(116,155)
1,620
121,093
(51,093)
104,373
3,166
107,540
(183)
2,966,997
2,524,062_
(523,690)
897,060
(801,025)
5,063,404
1,471,091
(Continued)
CITY OF BANGOR, MAINE
CAPITAL IMPROVEMENT
FUND
COMBINED CUMULATIVE STATEMENT OF REVENUES, EXPENDITURES,
ENCUMBRANCES AND CHANGES IN APPROPRIATED FUND BALANCES,
CONTINUED
REVENUES
Project
Authorization
(Memorandum
Cumulative
Current Year
Completed
Cumulative
PROJECT
Only)
December 31, 1975
(Exhibit B-3)
Projects
December 31, 1976
SEWER FUND
Airport Lateral Sewer
220,000
150,000
70,000
220,000
Artic Brook Sewer Extension
36,286
35,437
849
23,000
(36,286)
(231000)
Bradford Commons Sanitary Sewer
23,000
Broadway Sewer Construction
155,000
155,000
(155,000)
Bakerville Sanitary Sewer
100,000
100,000
100,000
Grant Street Sewer Extension
2,300
2,300
2,300
Grand View Avenue Sewer
13,000
13,000
(13,000)
Hewey Street Sewer
1,800
1,800
1,800
Hammond Street Industrial Park Sewer
65,980
65,980
(65,980)
Hildreth Street Pumping Station
9,000
9,000
(9,000 )
Kendus.keag Associates Subdivision
47,300
47,300
25,000
(25,000)
117,300
Kenduskeag Avenue Sewer Extension
Kenduskeag Stream Sewer Extension
25,000
737,829
655,000
82,829
(737,829)
Kenduskeag Stream Interceptor Sewer
I (Stage 4)
26,923
26,923
26,923
- Nason Avenue Sewer
13,000
13,000
(13,000)
Penobscot East Interceptor - Planning
105,600
105,600
(98,850)
6,750
Root Street Sewer
6,844
5,100
1,744
(6,844)
t Sewer Inflow Analysis
12;000
12,000
7,527
19,527
Sewerage Facility Planning
2,000
2,000
2,000
_
Strickland Road Collector
90,000
90,000
(70,000)
20,000
Union Street Extension
5,700
5,700
5,700
Total Sewer
1_
1,698,562
1,402,117
135,122
(1,084,939)
452,300
BANGOR INTERNATIONAL AIRPORT
Airport Air Conditioning
50,000
50,000
50,000
Light Duty Ramp
30.,000
30,000
(30,000)
- Total Airport
80,000
30,000
20,000
50,000
GRAND TOTAL (Exhibit B-1)
1
9,590,110
7,053,879
1,917,666
(1,934,750)
7,036,795
�. See accompanying notes to financial statements.
and
Dec
Exhibit B-2, Con't.
EXPENDITURES AND
ENCUMBRANCES
Cumulative
CURRENT YEAR
Cumulative
F,eExpenditures
Changed to
Expenditures
Appropriated
6
and Encumbrances
Encumbrances
Encumbrances
Completed
and Encumbrances
Fund Balance
December 31, 1975
Expenditures
Outstanding December 31, 1976
Projects
December 31, 1976
December 31, 1976
00
2,257
141,209
(2,243)
82,103
223,326
(3,326)
37,727
(1,440)
(36,287)
10,791
(10,791)
00
164,029
19,000
(19,000)
(164,029)
00
67,157
3,61.0
70,767
29,233
1,547,
1 547
753
00
5,992
927
(6,919)
1,800
980
60,717
(61,697)
00
8,293
(8,293)
117,300
21,536
(21,536)
737,829
(737,829)
23
21,923
5,000
26,923
50
58
7,674
(7,732)
6,750.
6,750
�7
6,844
(6,84-4)
0
19,.331
196
9,527
11
0
1'705
, 705
295
0
20,000
5,700
0
1,070,877
282,205
(22,683)
82,103
(1,061,957)
350,545
101,755
0
23,169
28,380
51,549
(1,549)
0
23,169
28,380
51,549
(1,549)
5
4,037,874
2,829,436
(546,373)
1,007,543
(1,862,982)
5,465,498
1,571,297
Exhibit B -j
CITY OF BANGOR, MAINE
C-APITAL IMPROVEMENT FUND
COMBINED STATEMENT OF REVENUES
YEAR ENDED DECEMBER 31, 1976
Transfers From (To)
Federal, State
Total Current
Proceeds From
Reserves for
Appropriation.
and Other
Year Revenues
Pro,e�:t;
Sale of Bonds
['uture Construction
Transfers
Grants
(Exhibit B-2)
GENERAL rUND
BUILDINGS
Auditorium Improvement Planning
(13,300)
(13,300)
Auditorium Roof
(141314)
(14,314
New Fire Station
410,000
410,000
Speculative Industrial Building
(26,600)
(26,600)
Muni.ciT,al Auditorium Improvements
2'7,614
27,614
Dog Found Construction
7,639
7,639
Police Station Building Improvements
40,000
16,021
56,021
STREETS
Bangor Water District
(20,000)
(20,000)
Airport Indust;ri.al Park
(8,800)
(8,800)
Dodge .13tiee, Construction
9,1'70
91170
Bellevue Avenue
(7,000)
(7,000)
Kenduskeag Associates Subdivision
162,'700
162,700
Mildred Avenue Street Construction
15,000
'15,000
Judson Heights Subdivision
383,000
(383,000)
Reconstruction of Streets
150,000
(15,000)
135,000
Hammond Street Industrial Park
(25,000)
(25,000)
Root titreet
4,014
4,014
Sl,3ae Aid Cone;Lructi.on Undesignated
(75,523)
75,523
Union Street Paving - State Aid
183
183
SIDEWALKS
Harlow Street Sidewalk
17,759
17,759
Sidewalk Improvements
100,000
(17,759)
82,242
OTHER PROJECTS
Bass Park
101,900
101,900
Broadway Storm ,;ewer. Correction
75, 340
?5,3110
Civic Center
17,000
17,000
34,000
East Si.de Improvement - Phase 3
73,490
73,1190
Garlaud 81;r.•eel: Yield Lighting
61,000
61,000
Kendusi eag Stream Park
91,000
30,000
121,000
Pedestrian Walkway
282,197
282,197
Fire Dept.- Ladder. Truck
155,000
155,000
York Hcncock - NDP
46,289
46,289
Penobscot East: Interceptor
(98,850)
Total Gelicrol. Fund
1,39n,000
',0,294
-
243,399
1,663,694
(continued)
' � i ti' r � -•Ti
Exhibit B-3 Con't.
(-;].TY OF BANGOR, MAINE
CAPITAL IMPROVEMENT FUND
COMBI-IIE'D STATFMENT OF REVENUES, CONTINUED
See accompanying notes to financial. statements.
Transfers from (To)
Federal, State
Total Current
Proceeds From
Reserves for
Appropriation
and Other
Year Revenues
Project
Sale of Bonds
Future Construction
Transfers
Grants
(Exhibit B-2
SEWER FUND
Airport Lateral Sewer
70,000.701000
Artic Brook Sewer Extension
849849
Bradford Commons Sanitary Sewer
23,000
23,000
Hewey Street Sewer
1,800
1,800
Hil.dreth Street Pumping Station
9,000
9,000
Kenduske*ag Association Subdivision
(Partial.)
4-7,300
47,300
Kenduskeag Avenue Sewer
25,000
25,000
Kenduskeag Stream Interceptor Sewer
5,000
21,923
26,923
Kenduskeag Stream Sewer Extension
82,829
82,829
Grant Street Sewer Extension2,300
2,300
Root Street Sewer
1,
.
1,744
Strickland Road Collector.
(70,000)
(70,000)
Union Street Sewer. Extension
5,700
5,700
Sewer. Inflow Analysis
7,527
7,527
Total Sewer
204,522
-
29,450
233,972
BANGOR INTERNATIONAL AIRPORT
Airport; Tmprovements
50,000
50,000
Light Duty Ramp
(30,000)
(30,000)
Total Airport
50,000
(30,000)
-
-
20,000
TOTAL CURRENT YEAR REVENUES (Exhibit B-2 1,440,000
204,816
-
272,849
_1,917,666
See accompanying notes to financial. statements.
Exhibit B-4
CITY OF BANGOR, MAINE
CAPITAL IMPROVEMENT FUND
STATEMENT OF CHANGES IN UNAPPROPRIATED FUND BALANCES
YEAR ENDED DECEMBER 31, 1976
Future Construction
Fund Balances, Beginning of Year
Add:
Interest Income
Special Assessment Revenue
Federal Grant
Funds Returned on Closed or
.Completed Projects
Deduct:
Funds Appropriated For:
New Projects
Deferred Special Assessments
Advance to Airport Fund
Transfer to Airport Fund
Debt Service - Interfund
Note (Note 10)
Nonbudgetary Expenses
Fund Balances, End of Year
(Exhibit B-1)
107,410 177,266
21,734 27,256 48,878
100,000 400,000
50,000
35,675
2,759 215 3,586
267,578 50,215 608,108 48,878
$ 164,775 $ 48,047 $ 312,949 5 182,529
See accompanying notes to financial statements.
Sewer
Deferred
General
Airport
Utility
Special
Fund
Fund
Fund
Assessments
$ 223,840
$ 60,835
$ 717,324
$ 182,417
35,676
7,427
76,493
20,837
28,041
48,990
83,500
152,000
30,000
15,699
208,513
371427
203,733
48,990
107,410 177,266
21,734 27,256 48,878
100,000 400,000
50,000
35,675
2,759 215 3,586
267,578 50,215 608,108 48,878
$ 164,775 $ 48,047 $ 312,949 5 182,529
See accompanying notes to financial statements.
Exhibit C-1
CITY OF BANGOR, MAINE
INTERNATIONAL ARRIVALS BUILDING FUND
BALANCE SHEET
DECEMBER 31, 1976
Assets
Cash
Accounts Receivable
Liabilities and Fund Balance
Due to Airport Fund
Due to Capital Improvement Funds
Fund Balance (Deficit) (Exhibit C-2)
1976
$ 74
81,096
81,170
16,414
163,800
(99,044)
$ 811170
See accompanying notes to financial statements.
Exhibit C-2
CITY OF BANGOR, MAINE
INTERNATIONAL ARRIVALS BUILDING FUND
CUMULATIVE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1976
1976
Cumulative Revenues, beginning of year: $
Interest Earned 6,823
Airport Fund Contribution 1,056,919
Federal and State Grants 1,026,166
Other Grants 200.000
�• M -
Current Year Revenues
Federal and State Grants 19,972
2,309,880
Cumulative Expenditures, beginning of year:
Construction Contracts 2,377,225
irrent Year Expenditures:
Construction Contracts 31,699
Total Expenditures 2,408,924
Fund Balance, (Deficit) end of year (99LO44)
(Exhibit C-1)
See accompanying notes to financial statements.
CITY OF BANGOR
ENTERPRISE FUNDS
COMBINED BALANCE SHEET
DECEMBER 31, 1976
Property, Plant and Equipment:
Land
93,686
Sewer
35,260
Buildings, plant and equipment
Total
Utility
Airport
Hospital
Pipelines and mains
(Memorandum Only)
Fund
Fund
Fund
Assets
li 97_0,8 2
1 1?, , 9 8 2
Current Assets:
3'I 6,216
7,720,471
2,161,325
, 7 0 ,8,22
4,953,194
- 952
Cash
$ 496,275
233,835
259,724
2,716
Accounts receivable
494,323
101,811
252,095
140,417
Less allowance for estimated
uncollectible accounts
30,294
2,9c:4
20,000
7, 341C
Notes receivable (General Fund)
464,029
8,857
232,0 5
�3,c,7
(Note 10)
130,025
130,025
50,0000
Due from International Arrivals
118171915
712,949
1,104,966
Building Fund
16,414
1,143,904
16,414
Inventories (Note 2)
69,251
21,419
46,868
904
Prepaid Expenses
8,579
991
7,41+9
139
Total Current Assets
1,184,573
485,127
562,550
136,896
Property, Plant and Equipment:
Land
93,686
58,426
35,260
Buildings, plant and equipment
6,714,157
5,152,455
'1,56',702
Pipelines and mains
11,438,269
11,438,269
Aircraft operational assets
li 97_0,8 2
1 1?, , 9 8 2
Tess accumulated depreciation
3'I 6,216
7,720,471
2,161,325
, 7 0 ,8,22
4,953,194
- 952
Net Property, Plant
and Equipment
128,496,493
14,487,825
113,017,658
rJ9':„10
Other Assets:
Deposits for construction:
With Capital Improvement Fund -
Appropriated
480,955
430,955
50,0000
Unappropriated
118171915
712,949
1,104,966
Total Deposits
2,298,870
1,143,904
1,154,966
Operating Rights Net of
Accumulated Amortization
of $27,492
1,272,508
1,272,508
5133,252,444
16,116,856
116,007,682
1,'=/,906
LIABILITIES, CONTRIBUTIONS, AND RETAIIEED EARNINGS
Current Liabilities:
Accounts payable
$ 68,470
8,269
55,539
c.62
Due to General Fund
1,202,234
85,000
985,000
1;•2,23':
Adven..:e from Capital Improvement
Fund
500,000.
500,000
Customer Deposits (Note 5)
35,440
33,440
2,000
Current installments - General
Obligation Bonds
331,524
2311883
99,641
Total Current Liabilities
2,137,668
358,592
1,642,180
136,096
Contributions - General Obligation
Bonds
City of Bangor (Note 6)
3,981,297
2,7201527
1,260,770
99^'C.-,0
Contributions - Property, Plant and
Equipment
City of Bangor
7,676,841
6,685,831
Fe,ae^al, state and other
contrlbutlons
117,492,847
4,519,735
112,973,062
Customers
140,221
140,221
Contributions - Operating Capital
City of Bangor
120.755
120,755
Total Contributions
129,411,961
14,066,364
114,354,;67
Retai*:ed Earnings
;Lr._ibit L -3,-D-5 and D-9)
1,702,815
1,691,900
1C,9"5
-
$153,252.41+4
16 F a56
^r,
...,_anyi.ng notes to financial
statements.
CITY OF BANGOR, MAINE
SEWER UTILITY FUND
STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 1976
Operating Revenues:
Operating Expenses Other Than Depreciation
Personnel services
Contractual services
Fuel and utilities
Supplies
Communications
Equipment costs
Fringe benefits and sundry
Outlay maintenance
Less: Charges to other City departments
Total operating expenses other than
depreciation
Operating income before depreciation
Depreciation:
On assets acquired with own funds
On assets acquired with contributions
Operating income
Non Operating Revenue (Expense):
interest expense
Interest earned
Net Income (Exhibit D-3)
See accompanying notes to financial statements,
$ 704,772
105,745
86,271
47,500
30,857
4,582
15,838
25,243
(3O,O45)
286,631
418,141
78,771
235,972
103,398
(161,843)
7ti_LLq";
W�ralmvzf3z
Exhibit D-2
CITY OF BANGOR, MAINE
SEWER UTILITY FUND
STATEMENT OF CHANGES IN RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1976
Balance at beginning of year
Add: Net Income (Exhibit D-2)
Exhibit D-3
$ 11437,880
18,048
Depreciation on Assets acquired
By Contributions:
City of Bangor $ 140,100
Federal, State and Other 94,536
Customers 1,336
$ 235,972
Balance at end of year (Exhibit D-1) $ 11691,900
See accompanying notes to financial statements.
Funds Provided:
CITY OF BANGOR, MAINE
SEWER UTILITY FUND
STATEMENT OF CHANGES'IN FINANCIAL POSITION
YEAR ENDED DECEMBER 31, 1976
1976
Net income (Exhibit D-2)
Items not requiring cash
Depreciation: -own assets
Depreciation: contributed assets
Total funds provided by operations
Contributions:
Federal, State and Other
Customers
Deposits for Construction
Funds Used:
$ 18,048
78,771
235,972
332,791
83,500
28,041
975,414
$ 1,419,746
Additions to fixed assets 11072,866
Payments of General Obligation Bonds 231,884
Reduction of City Contribution 104,626
Increase in working capital 10,370
$ 1,419,746
Various Elements of Net Increase in Working Capital
Cash
Accounts Receivable
Advance to General Fund
Inventories
Pre-��ai.d Expenses
Accounts Payable
Due to General Fund
See accompaying notes to financial statements.
(6,573)
(51,102)
(35,675)
(6,231)
649
202
109,100
$ 10,370
Exhibit D-4
CITY OF BANGOR, MAINE
AIRPORT FUND
STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 1976
Operating Revenues:
Exhibit D-5
Landing Fees
174;529
Fueling Fees
531,454
Fuel Sales/Gallonage Override
530,135
Rentals
324,045
Concession Income
191,762
Ground Service
393,062
Repairs
79.,495
Terminal Facility Fees
88,921
Security Screening
43,132
Passenger Service
36,071
Flight School
20,327
Snow Removal Reimbursement
22,228
Miscellaneous Reimbursements
25,861
Gross Business Override
12,989
Equipment Sales
4,887
Miscellaneous Revenues
12,695
Total Operating Revenue 2,491,593
Operatiii— Expenses Other Than
Depreciation and Amortization:
Personnel Services
912,363
Contractual Services
569,423
Aviation Fuel
241,513
Other Fuel and Utilities
354,244
Communications
53,008
Equipment Rental and Outlay
143,864
Aircraft Repair Parts
36,780
Fuel and Business Override
18,024
Supplies
62,593
Less: Charges to -Other City Departments
(9,253)
Total Operating Expense Other Than
Depreciation and Amortization
2,382,559
Operating Income Before Depreciation and
Amortization
109,034
Less: Depreciation and Amortization on.Assets
Acquired With Other Funds 59,760
On Assets Acquired With Contributions 1,253,246
Net Operating Income (Loss) (1,203,972)
Other Revenue (Expense)
Interest Earned 7,427
Interest Expense (109,740)
Net Income (Loss)(Exhibit D-6) $(1,306,285)
See accompanying notes to financial statements.
Exhibit D-6
CITY OF BANGOR, MAINE
AIRPORT FUND
STATEMENT OF CHANGES IN RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1976
Balance at beginning of year as
previously reported $ 73,613
Add (Deduct): Addition of Fixed Base
Operations retained earnings (deficit),
January 1, 1976 (9 , 659 )
Net income (loss) (Exhibit D-5) (1,306,285)
Depreciation on assets acquired by
contributions - Federal Government 1,239,500
Amortization on assets acquired by
contributions - private corporation 13,746
Balance at end of year (Exhibit D-1) $ 10,915
See accompanying notes to financial statements.
CITY OF BANGOR, MAINE
AIRPORT FUND
STATEMENT OF CHANGES IN FINANCIAL POSITION
.YEAR ENDED DECEMBER 3'1, 1976
Funds Provided:
Exhibit D-7
Net income (Loss) (Exhibit D-5) $ (1,306,285)
Items not requiring cash
Depreciation: Own Assets 46,295
Depreciation: Contributed Assets 1,239,500
Amortization: Airport Contribution 13,746
Amortization: Other Contributions 13,746
Total funds provided by operations 7,002
Contributions:
City of Bangor 120,755
Federal, State and Other 650,000
Proceeds from General Obligation Bonds 50,000
Decrease in Working Capital 641,840
$ 11469,597
Funds Used:
Purchase of Operating Lease Rights
1,300.000
Acquision of Fixed Assets
7.933
Deposits for Capital Improvements
7,212
Current Installment and Repayment of Long-term Debt
99,641
Addition of Fixed Base Operations - Net
54,811
$
11469.597
Various Elements of Net Decrease in Working Capital:
Cash $
121,718
Accounts Receivable
167,645
Due From.Other Funds
(89,517)
Inventory
46,868
Prepaid Expenses
7,064
Accounts Payable
(17,218)
D -ie to General Fund
(376,400)
Advance from Capital Improvements Fund
(500,000)
Customer Deposits
(2,000)
$ (641,840)
See accompanying notes to financial statements.
I—
CITY OF BANGOR, MAINE
HOSPITAL FUND
STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 1976
Operating Revenues:
Exhibit D-8
Medicare
110,927
Medicaid
66,996
Sate Nursing Aid
211,931
Full Pay
172,214
7,468
.Welfare
Emp�oyee Meals
3,802
47,922
Building Rentals
3,491
Miscellaneous
Total Operating Revenues
624,751
Operating Expenses Other Than Depreciation:
Personnel Services
457,916
Siippl ie s
99,685
Contractual Services
57,403
Com-aunications
2,147
Cau__tal Outlay
1,982
70,526
Fuei. and Utilities
1,875
Rental of Equipment
61,090
Employee Benefits
Total Operating Expenses Other Than Depreciation
752,624
Depreciation on Assets Acquired By Contributions
66,062
Loss From Operations
(193,935)
Non -Operating Expenses:
IT r_terest 6,178
Net Loss (200,113)
Transfer From General Fund 134,051
Net Loss (Exhibit D-9) $ (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, 1976
Balance at beginning of year $ Less: Net loss for the year (Exhibit D-8) (66,062)
Add: Depreciation on assets acquired by
contribution:
City of Bangor 66,062
Balance at end of year (Exhibit D-1) $ -
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, 1976
Funds Provided:
Net Loss (Exhibit D-8) $ ( 66,062)
Items Not Requiring Cash - Depreciation 66,062.
Total Funds Provided by Operations $ -0-
Funds Used:
Increase in Working Capital $ -0-
Various Elements of Net Increase (Decrease)
in Working Capital:
Cash
Accounts Receivable
Inventories
Prepaid Expenses
Accounts Payable
Due to General Fund
See accompanying notes to financial statements.
Exhibit E-1
See accompanying notes to financial statements.
CITY OF BANGOR,
MAINE
TRUST AND AGENCY FUNDS
COMBINED BALANCE SHEET
DECEMBER 31,
1976
Federal
Total
Trust
Agency
Revenue SharinE
Assets
(Memorandum Only)
. Funds
Funds
Fund
Cash
$ 1811164
$ 60,957
$ 119,080
$ 11127
Accounts Receivable
330,733
13,996
316,737
Investments in U.S.'
Government Obligations,
at Cost (Exhibit GG)
349,435
343,092
6,343
Investmc-nts in Domestic
Corporations at Cost
(Exhibit GG)
24,440
23,996
444
Assets Held in Kirstein
Fund 37,868
37,868
Total Assets
$ 923,640
$ 465,913
$ 133,076
$ 324,651
Liabilities and Fund
Balances
Accounts Payable
1,603
1,603
Amounts Held by Agency
Funds for Others
(Exhibit E-4)
131,473
131,473
Total Liabilities
$ 133,076
$ 133,076
Fund Balances
(Exhibit E-2 and E-3)
790,564
465,913
324,651
5 923.640
9 465 . q1 ,
9 133.076
5 324.651
See accompanying notes to financial statements.
Exhibit E-2
CITY OF BANGOR,
MAINE
TRUST FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND
BALANCES'
YEAR ENDED DECEMBER
31, 1976
Balances,
January 1,
1976
Addis -lions Deductions
Balances,
December 31,
1976
Unexpended
Unexpended
TRUST FUND
Principal
Income
Total
Principal
Revenue Principal Expenditures
Principal
Income
Total
Cemetery
Perpetual Care
234,342
824
235,166
7,725
9,788 -
10,612
242,067
-
242,067
Parks
Bass Park Trust
-
5,638
5,638
-
- -
-
-
5,638
5,638
Arthur Chapin Fund
14,538
9,685
24,223
-
993 -
-
14,538
10,678
25,216
Cit;,y Missionary
Hiram H. Fogg Fund
1,000
902
1,902
-
78 -
-
1,000
980
1,980
Louis & Sophia Kirstein Fund
1,000
122
1,122
-
46 -.
-
1,000
168
1,168
Hiram P. Oliver Fund
2,006
1,825
3,825
-
157 -
-
2,000
1,982
3,982
Penobscot Asso•-i.ation for
the Blind fund
10
-
10
-
- -
-
10
-
10
Lorenzo E. Sabine Fund
1,000
1,164
2,164
-
89 -
-
1,000
1,253
2,253
Sl;etson Fund
'12,000
732
12,732
-
492 -
390
12,000
834
12,834
Education
Bangor High School Loan Fund
200
256
x.156
-
19 -
-
200
275
475
Frencli Medal :1'i.md
12,950
11.5
"12,995
528
533 -
528
13,478
50
13,528
Ho].tori Public School Fund
2,000
1,051
3,051
-
125 -
-
2,000
1,176
3,176
Louis & Sophia Kirsetin
Scholarship Fund
5,000
29
5,029
-
205 -
200
5,000
34
5,034
.31-jident Loan Fund
37,868
-
3`7,8E 8
-
- -
-
37,868
-
37,868
Elizabeth W. Means Fund
-
5,003
5,003
-
4,000 -
6,450
-
2,553
2,553
A]burney E. Webber, Jr.
Scholarship Fund
2,000
196
2,196
-
82 -
75
2,000
203
2,203
Aid Poi• Agod Women
Charles E. Adams Fund
10,000
429
10,42_9
-
410 -
429
10,000
410
10,410
Thomas Upham Coe Fund
3,000
129
3,129
-
123 -
129
31000
123
3,123
Home for Aged Women
25,000
1,072
26,072
-
1,025 -
1,072
25,000
1,025
26,025
Anna Hayford Pierce Fund
4,000
172
4,172
-
164 -
172
4,000
164
4,164
Stetson fund
5,000
214
5,214
-
205 -
214
5,000
205
5,205
George T. S1;odder Fund
11,000
4-72
11,472
-
451 -
472
11,000
451
11,451
Wakefield Fund
10,000
429
10,429
-
410 -
429
10,000
410
10,410
(Continued)
CITY OF BANGOR, MAINE
TRUST FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES, CONTIN[IED
Dorothea A. Miller Fund
Bangor.Fir•emen Relief.Fund
Bangor Fuel Society Fund
Bangor Mechanics Assoc. Fund
Kirstein City Hospital and
Home Fluid
Arthur J. Morey Trust Fund
Nelvin 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.
-Balances,
;fanuary 1,
1976
Additions Deductions
Balances,
December
31, 1976
Unexpended
Unexpended
Principal.
Income
Total
Principal Revenue Principal
Expenditures
Principal
Income
Total
500
22
522
- 21 -
-
500
43
543
8,534
1,156
9,690
- 350 -
1,008.
8,534
498
9,032
4,500
193
4,693
- 184 -
193
4,500
184
4,684
12,000
-
12,000
- 492 -
-
12,000
492
12,492
500
250
750
- 31
500
281
781
1,000
553
1,553
- 64 -
-
1,000
617
1,617
5,733
3,114
8,907
- 365 -
-
5,733
3,539
9,272
1,000
1,142
2,142
- 88 -
-
1,000
1,230
2,230
767
424
1,191
- 49 -
-
767
473
1,240
1,000
117
1,117
- 41 -
79
1,000
79
1,079
5,906
1,310
7,216
- 2.4-2 -
625
5,906
927
6,833
800
73
873
- 33 -
35
800
71
871
15,534('15,534)
(15,534)
436,148
38,803 474,951
8,253 21,355 -
38,646
444,401
21,512
465,913
See accompanying noises to financit.31. 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, 1976
Fund balance at beginning of year $ 602,574
Ada:
Entitlements 1,266,385
Interest earned 6,790
1,875,749
Deduct:
Transfer to General Fund 1,551,098
Fund balance at end of year $ 324,651
(Exhibit E-1)
See accompanying notes to financial statements.
CITY OF BANGOR, MAINE
AGENCY FUNDS
AMOUNTS HELD FOR OTHERS
YEAR ENDED DECEMBER 31, 1976
Amounts Due the State of Maine:
:Pension and Group Life Insurance Contribution
Hlmting, Fishing, and Plumbing License Fees
Sales Taxes
Total Due to the State of Maine
Other
Workmen's Compensation Insurance
Savings.Bonds
Miscellaneous Deductions and Deposits
United Fund
Federal Income Taxes Withheld
Federal Grants - Police
B rigor Target Area Development Corporation
Federal Fuel Excise Tax
Senior Citizens Federal Grant
Total Other
otal Amounts Held for Others (Exhibit E-1)
See a,.compahying notes to financial statements.
Exhibit E-4
$ 37,010
3,609
33
40,652
(20,005)
2,927
40,444
250
621
3,121
62,336
(1'R)
J �
1,2=5
90,821
$ 131, 4'i 3
Exhibit F-1
CITY OF BANGOR, MAINE
r'
STATEMENT OF GENERAL FIXED ASSETS
DECEMBER 31, 1976
General Fixed Assets:
Land
Buildings
Streets
Sidewalks
Bridges
Retaining Walls
Statues
E',"ectrical
Street Signs
Storm Sewers
Parking Structures
Foto --stains
Tennis Courts
Construction Work in Progress
City Foreclosed Property
Total General Fixed Assets
Investment in General Fixed Assets
$ 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
23,491,358
5,063,403
26,555
$ 28,581,316
$ 28,581,316
See accompanying notes to financial statements.
CITY OF BANGOR, MAINE
STATEMENT OF CHANGES IN GENERAL FIXED ASSETS
YEAR ENDED DECEMBER 31, 1976
Add:
General Capital Improvements
Fixed Assets Fund Completed
Beginning Projects
of Year (Exhibit B-2)
Less: Add:
Capital Improvements
Fund Current Year
Projects Not Expenditures
Capitalized (Exhibit B-2)
Less:
Encumbrances
December 31, 1975
General Fund:
Land
$ 2,518,450
101,900
Buildings
11,471,387
108,326
(6,500)
Streets
5,958,461
455,913
(168,114)
Sidewalks
723,005
Bridges
749,350
Retaining Walls
164,020
Statues
210,000
Electrical
416,691
Street Signs
8,964-
,964Storm
StormSewer
139,363
111,207
(1,380)
Parking Structures
511,606
Fountains
14,618
Tennis Courts
9,061
Construction work in progress
2,966,996
(801,025)
2,524,062 (`;23,690)
City Foreclosed Property
26,555
Total General Fund
25,864,848
-
('175,994) 2,524,062 (523,690)
Hospital Fund:
Buildings
776,342
Land & Land Improvements
35,260
Equipment
777,995
Total Hospital Fund
1,589,597
Total General Fixed Assets (Exhibit F-1) $27,454,445
See accompanying notes to financial.statements.
(175,994) 2,524,062 (523,690)
Add:
Encumbrances
December 31, 1976
75 (Exhibit B-2)
897,060
897,060
897,060
Exhibit F-2
Less:
Transfers General
To Enterprise Fixed Assets
Funds End of Year
2,620,350
11,573,213
6,246,260
723,005
749,350
164,020
210,000
416,691
8,964
(4,970) 244,220
511,606
14,"618
9,061
5,063,LFo3
26,555
(4,970) 28,581,316
(776,342)
(35,260)
(777,995)
(1,589,597)
(1,594,567) 28,581,316
f_.
CITY OF BANGOR, MAINE
i., STATEMENT OF GENERAL LONG-TERM DEBT
DECEMBER 31, 1976
Amount to be Provided For the
Payment of General Long-term Debt
Amount to be Provided:
General Fund
.Serer Utility Fund
Ai;: port Fund
General.Long-term Debt Payable (Exhibit FF)
Bonds Payable (Note 6)
Bond Anticipation Notes Payable (Note 7)
Notes Payable
- Note Payable - Sewer Utility Fund (Note 10)
See accompanying notes to financial statements.
Exhibit.G-1
$ 9,481,524
2,952,410
1,310,411
$ 13,744,345
12,053,000
1,440,000
121,320
130,025
$_ 13, 744, 345
CITY OF BANGOR, MAINE
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1976
(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:
J
General Fund
The General Fund is a general operating fund of the City.
All general tax revenues and other rece_pts 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 authorization 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.
It is anticipated that this project will be completed in
1977 at which time such costs will be transferred to
property, plant and equipment of the Airport Fund.
(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 revenues 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 emplcyees,
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 ex-oenditures
in the General Fund or Capital Improvement Fund and capitalized
at cost in the General Fixed Asset Group of Accountti. 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 earninKs.
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 ofaccounting, 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,
and other commitments for
in order to recognize as
appropri.athn, is employed
and Enterprise Funds.
Inventories
under which purchase orders, contracts
the expenditure of funds are recorded
expended that portion of the applicable
in the General, Capital Improvement
Inventories are priced at the lower of average cost or m=.rket
for the Public Works Department and at the lower of firs, in
first out cost or market for other departments.
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, 1976 consists of $516,256 General Fund
public services supplies, $54,793 General Fund school lunch
supplies, $21,419 Sewer Utility Fund public services supplies,
$46,868 primarily Airport resale goods and $964 Hospital items.
The method used in pricing public works department inventory was
changed from the FIFO .method to the average cost method in 1976,
ir;hi.ch change had no material effect on current year expenditures.
(Continued)
4
CITY OF BANGOR, MAINE
NOTES TO FINANCIAL STATEMENTS, CONTINUED
C3) General Fund - Appropriated Fund Balance
Appropriated fund balances of $616,194 and $584,578 in 1976 and
1975 respectively represent those portions of the General Rind
fund balance specifically appropriated for the following:
1976
Departmental balances carried
forward $ 114,693
Automotive equipment replacement
account
Bus service
account
equipment replacement
Bass Park labor project
Total General Fund Appropriated
Fund Balance
235,565
266,566
$ 616,824
(4) Capital Projects Funds - Unappropriated Fund Balances
1975
$ 102,453
98,773
209,000
174,352
$
584,578
%,apital Projects Funds unappropriated fund balances for the
,arious funds indicated represent, on a cumulative basis, the
xcess 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 $33,440 represent assessments
=vied against the developer of the property benefited by the
tirctic 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 earning-s-
of
arningsof 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 payment 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 1976. The City intends
to redeem such Bond Anticipation.Notes at the due date August 1,
1977 with proceeds from the issuance in 1977.of General Obligation
Bonds.
(8) City Charter Requirements
Tn 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".
'"he City deems this surplus or deficit to be the General Fund
excess or deficiency of cash over current liabilities. The estimated
cash deficit at December 31, 1975 totalled $62,000 and therefore the
1976 budget included an appropriation directly to surplus in that
amount. The actual excess of current liabilities over cash =s re-
ported for the General Fund for that year was $111,550. The City has
estimated a cash surplus of $337,413 at December 31, 1976 Tvi=ich has
been included as a utilization of surplus in the 1977 budge,. The
actual General Fund cash surplus for 1976 as herein reporter amounts
to $337,413.
(9 ) C;;mmuni ty Development Fund
The financial statements
April 30, 1977 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
t:rans.fer $165.,.700 to the General Fund for the construction of
various capital projects, such amount to be repaid in the future.
.t^_t December 31, 1976 the total outstanding aggregates $130,025.
'phis 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
end occupancy of lands in various areas of the State of Maine.
(Continued)
X
CITY OF BANGOR, MAINE
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(11 ) In.dian 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
gibes' claims, the City is unable to predict the final outcome of
the pending litigation. Action.has recently been taken by various
:;overnmental authorities to seek resolution of the claims by action
of the United States Congress.
Table 1
CITY OF BANGOR, MAINE
ASSESSED VALUATION, COMMITMENT AND COLLECTIONS
YEAR ENDED DECEMBER 31, 1976
Valuation:
Land and buildings
$179,132,420
Personal Property
21,536,170
200,668,590
Business inventory
34,811,260
Total Valuation
$235,479,850
Committment:
Real estate and personal
property
200,668,590
Tax rate
45.30
$ 9,090,287
Business Inventory
34,811,260
Tax rate
23.75
$ 826,767
Total Committment $ 9,917,0%`1
Add:
Supplemental taxes committed 3,44'
Sewer, street and demolition assessments 73,886
State reimbursement of business inventory tax 232,050,-
10,226,431
Less:
Net collections - 1976 91576,242-
Abatements
,576,242Abatements 47,07'
�G
1976 Taxes Receivable at December 31, 1976 $ 603,11,
Table 2
CITY
OF BANGOR, MAINE
GENERAL FUND
EXPENDITURES BY FUNCTION
LAST
FIVE CALENDAR YEARS
PARKS,
PUBLIC
RECREATION,
BUILDINGS
GENERAL
PUBLIC
HEALTH AND
TAXES PAID
& PUBLIC
DEBT APPROPRIATED
YEAR
GOV'T.
SA]?.ETY
WEl"FARE
TO COUNTY
SERVICES
EDUCATION
SERVICE
SURPLUS
1972
687,239
1,478,959
1,062,656
137,275
1,706,790
5,685,324
627,961
-
19'73
812,714
1,663,578
1,113,593
159,818
2,019,021
6,126,531
615,179
700,000
1974
835,392
1,804,724
1,21+2,632
157,869
1,793,088
6,802,833
1,463,141
506,900
1975
990,922
2,151,239
1,493,873
270,000
2,200,051
7,539,640
767,729
523,0.00
1976
1,015,975
2,295,425
1,587,810
24-6,240
2,400,524
7,9881330
923,476
62,000
OTHER TOTAL
'716,588 12,102,792
817,994 14,028,428
866,427 15,200,566
1,126,300 17,062,754
1,589,670 18,109,450
Table 3
CITY OF BANGOR, MAINE
GETTLRAL FUND REVENUES BY SOURCE
LAST FIVE CALENDAR YEARS
LICENSES
FINES
CHARGES
TRANSFERS
PROPERTY
029iER
AND
AND
MISCELLANEOUS
INTERGOVERNMENTAL
FOR
FROM OTHER
TOTAL
TAXES
TAXES
E'EEZIIITS
FORFEITS
REVENUE
REVENUE
SERVICES
FUNDS
REIMBURSEMENTS REVENUES
972
7,910,682
654,695
62,067.
39,600
198,64.5
2,116,756
586,795
71,763
459,552
12,100,555
1973
8,186,340
740,440
112,197
35,301
264,216
3,692,592
602,079
21,000
324,284
13,978,449
^974
8,927,829
623,593
111,580
34,187
353,771
11,503,017
589,206
27,641
956,823
16,127,647
'9759,793,952
865,981
148,999
65,586
469,874
5,105,687
685,303
17,812
159,060
17,312,254
"976
10,157,116
832,077
14-4,821
63,541
503,030
6,073,955
787,657
116,020
246,539
18,924,756
CITY OF BANGOR, MAINE
PROPERTY TAX VALUATION, LEVIES AND COLLECTIONS
LAST TEN CALENDAR YEARS
Table 4
Collections in
Assessed
Property
Property
4,691,274
Valuation
Tax Rate
Tax Levy
1967
143,586,000
35.00
5,025,510
1968
'147, 032, 600
36.70.
5,396,096
1969
151,925,000
40.60
6,168,155
1970
160,040,900
42.50
6,801,738
1971
187,854,380
39.50
7,420,225
1972
194,558,600
40.40
7,860,122
1973
202,517,660
40.40
8,181,713
1974
217,917,260
42.00
8,927,713
1975
227,784,640
45.00
9,486,451
1976
235',479,850
45.30
9,917,054
Table 4
Collections in
%-age of
Year of Levy
Collections
4,691,274
93.5
5,021,073
93.2
5,665,882
91.8
6,261,715
92.0
6,750,472
91.5
7,258,591
92.5
7,729,006
94.4
8,535,848
95.6
8,886,740
93.7
9,344,192
94.2
r -
1976
1975
1974
1973
1972
Tax Rate
$45.30
45.00
42.00
40.40
40.40
Table 5
CITY OF BANGOR, MAINE
LOCAL ASSESSED VALUATIONS
LAST FIVE CALENDAR YEARS
Total Assessed Valuation Real Property Personal Property
$235,479,850
$179,132,420
$56,347,430
227,784,640
173,207,070
54,577,570
217,917,260
167 115,310
50,801,950
202,517,660
159,057,380
43,460,280
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, 1976
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 7WIo of its last full state valuation. A
municipality may incur debt for school purposes to an amount outstanding at any
time not exceeding 10% of its last full state valuation, for storm or sanitary sewer
purposes to.an amount outstanding.at any time not exceeding 7.0o 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 15% of its last full
valuation...."
The City of Bangor, Maine, maintains records showing the portion of each loan
included in the $13,614,320 total outstanding indebtedness as of December 31, 1976
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:
TOTALX13 614,320 15% 3:,361,500
AU HOR!= BUT UNISSUED DEBT
As of December 31, 1976, the Cit -.,T had authorized but unissued debt in to
amount of $650,000 for Airport use. It is not anticipated that this authorization
will be issued.
OVER=•fi=P7G 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 1976
assessment amounted to $246,240.
The Bangor Recreation Center has outstanding bonds in the Principal amount
of $1,822,000. The Center is a district organized pursuant to Chapter 90 of the
private and Special Laws of Maine ('951-, 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 $ 262,450,000
Amount
For
School Purposes
W 1,976,677
10%
26,24.),000
For
Storm or Sanitary Sewer
Purposes
2.952,410
7/�0/1
19168;,750
For
Municipal Airport Purposes
',310,410
3%
7187=1500
For
Water Purposes
-0-
-
-
For
Special District Purposes
-0-
-
-
For
All Other Purposes
7,39`,823
Z%
1c E87-
750
TOTALX13 614,320 15% 3:,361,500
AU HOR!= BUT UNISSUED DEBT
As of December 31, 1976, the Cit -.,T had authorized but unissued debt in to
amount of $650,000 for Airport use. It is not anticipated that this authorization
will be issued.
OVER=•fi=P7G 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 1976
assessment amounted to $246,240.
The Bangor Recreation Center has outstanding bonds in the Principal amount
of $1,822,000. The Center is a district organized pursuant to Chapter 90 of the
private and Special Laws of Maine ('951-, 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.
Table 7
CITY OF BANGOR, MAINE
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR
GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES -
LAST FIVE CALENDAR YEARS
TOTAL
TOTAL
RATIO OF DEBT
GENERAL BONDED
GENERAL FUND
, SERVICE TO TOTAL
PRINCIPAL
INTEREST
DEBT SERVICE
EXPENDITURES
GENERAL EXPENDITURES
395,941
160,923
556,864
12,102,792
4.601/
421,557
195,395
616,952
'14,028,428
4.398/
1,168,637
228,292
1,396,929
15,200,566
9.190%
491,827
229,469
721,296
17,062,754
4.227/
536,549
330,473
867,022
18,109,450
4.788/
Table 8
CITY OF BANGOR, MAINE
OUTSTANDING MUNICIPAL DEBT
GENERAL OBLIGATION BONDS
GENERAL
SCHOOL
SEWER
AIRPORT
TOTAL
1977
Balance
Jan 1
$ 5,850,328
1,939,868
2,952,416
1,310,388
'12,053,000
_
Payments
Due
483,294
255,182
231,883
99,641
1,070,000
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
R
Payments
Due.
478,294
255,182
225,883
99,641
1,059,000
1980
Balance
Jan 1
41410,448
15174,322
2,268,766
1,011,464
8,865,000
Payments
Due
444,412
233,182
222,764
99,642
1,000,000
1981
B_,-J-ance
Jan 1
3,966,036
9411140
2,046,002
911,822
7,865,000
Payments
Due
444,414
233,182
222,763
99,641
1,000,000
1982
Balance
Jan 1
3,521,622
707,958
1,823,239
812,181
6,865,000
Payments
Due
392,848
232,146
220,364
99,642
945,000
- 1983
Balance
Jan 1
3,128,774
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
612, 898
-?1190,000
Payments
Due
330,622
56,572
193,164
99,642
680,000
1985
Balance
Jan 1
2,445,000
350,196
1,201,548
5'13,256
4,510,000
Pa,,-ments
Due
324,604
48,425
193,163
73,808
640,000
)86
Balance
Jan 1
2,120,396
301,771
1,008,385
439,448
3,8701000
Payments
Due
322,574
48,4-25
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
1,491,346
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
11224,717
157,746
521,581
270,956
2,175,000
'D--ments
Due
234,268
31,746
91,838
52,148
410,000
1990
Balance
Jan 1
9901449
126,000
429,743
218,808
11765,000
Payments
Due
223,757
31,500
87,594
52,149
395,000
199.1
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
111,709
36,432
360,000
-
Pp. ments
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
CALENLAR YEAR
� 9r •�
1 X73
19^4
197
1 X76
Table 9
CITY OF BANGOR, MAINE
RATIO OF GENERAL BONDED DEBT TO ASSESSED
VALUE AND GENERAL BONDED DEBT PER CAPITA
LAST FIVE CALENDAR YEARS
RATIO OF
GENERAL BONDED GENERAL BONDED
GENERAL ASSESSED DEBT TO DEBT PER
BONDED DEBT VALUATION ASSESSED VALUE CAPITA *
9,821,080
194,558,600
5.0%
293.80
11,936,640
202,517,660
5.9'%
357.09
12,128,200
217,917,260
5.6/
362.82
13.,302,760
227,784,640
5.8/
397.95
13,614,320
235 479, 850
5.8/
407.27
* Based on 1970 Population of 33,428
DEMOGRAPHIC DATA
1970 CENSUS
Median Family Income $ 8,014
% Families Below Poverty Level 11.6%
% Incomes Above $15,000 13.6%
LABOR FORCE 1970 CENSUS
% Professional Technical Managers & Administration 17.2%
% Government 6.9%
% Manufacturing 15.8%
% Service 30.2%
% Trade 24.49/o
1975 Per Cent Unemployed 8.1%
(Bangor Labor Market Area)
1970 HOUSING
% Owner -Occupied
Table 10
CITY OF BANGOR, MAINE
or 48%
MISCELLANEOUS STATISTICAL DATA
4,058
DECEMBER 31, 1976
or 80%
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:
$15,900
Number of Stations
1
Number of Policemen and Officers
65
Education:
Number of Schools
12
Number of Teachers,
313
Number of Students
5,916
Building Permits Issued:
New Construction
85
Alterations
307
Recreation and Culture:
Number of Parks
25
Number of Libraries
1
Number of Volumes
430,627 (Approx.)
.Municipal Employees (Exclusive of Education):
Full time
636
Part time
173
DEMOGRAPHIC DATA
1970 CENSUS
Median Family Income $ 8,014
% Families Below Poverty Level 11.6%
% Incomes Above $15,000 13.6%
LABOR FORCE 1970 CENSUS
% Professional Technical Managers & Administration 17.2%
% Government 6.9%
% Manufacturing 15.8%
% Service 30.2%
% Trade 24.49/o
1975 Per Cent Unemployed 8.1%
(Bangor Labor Market Area)
1970 HOUSING
% Owner -Occupied
5,219
units
or 48%
% 1 -Unit Structures
4,058
units
or 80%
% Built between 1950-1970 owner
1,327
units
or 25%
% Built between 1950-1970 rented
1,255
units
or 22110
Median Value -
Cwner-Occupied Units
$15,900