1970CITY OF BANGOR
FINANCIAL STATEMENTS
as at
DECEMBER 31, 1970
6hFg (110
BROOKS & CARTER
Certified Public Accountants
84 HARLOW STREET
BANGOR, MAINE 04401
AUDIT REPORT AND FINANCIAL STATEMENTS
CITY OF BANGOR, MAINE
AS AT DECEMBER 31, 1970
Table of Contents
Auditors' Letter and Comments
Comparative Balance Sheet - All Funds
Statement of Estimated and Actual Revenues.
and Tax Commitment — General Fund
Statement of Appropriations and,Expienditures - General Fund
Analysis of Unappropriated Surplus —General Fund
Statement of Capital Improvement Fund
Statement of -Income and Retained Earnings - Airport Fund
Statement .of Income,and Retained Earnings -.Sewer Utility Fund
Statement of Revenue and Expenses - Hospital Fund
Statement of Property Valuation, Assessment and
Collection.of Taxes
Statement of.Public Debt
Statement of Trust Funds
Statement of .Agency Funds
Statement of Property Fund
Notes to Financial Statements
Page
2-3
4-7
8-9
10-11
12
13-14
15
16
17
18
19-20
21-22
23
24
BROOKS & CARTER
Certified Public Accountants
84 HARLOW STREET
BANGOR, MAINE 04401
FRANK M. CARTER, CPA
RAYMOND T. ADAMS JR., CPA TELEPHONE 947.0351
GEORGE W. CHEBBA, CPA
VAUGHN L. HERSEY, CPA
April 5, 1971
Members in Council
Bangor, Maine 04401
Gentlemen:
We have examined the following financial statements of the City of Bangor for the
year ended December 31, 1970, appearing on pages 4 through 17.
Comparative Balance Sheet
Statement of Estimated and Actual Revenues
and Tax Commitment - General Fund
Statement of Appropriations and Expenditures -
General Fund
Analysis of Unappropriated Surplus - General Fund
Statement of Capital Improvement Fund
Statement of Income and Retained Earnings - Airport Fund
Statement of Income and Retained Earnings - Sewer Utility Fund
Statement of.Revenue and Expenses - Hospital -Fund
Our examination was made in accordance with generally accepted auditing standards
and accordingly included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
In our opinion, the foregoing statements present fairly the financial position of
the various funds of the City of Bangor at December 31, 1970, and the results of
operations of the General, Capital Improvement, Airport, Sewer Utility, and Hospital
Funds for the year then ended, in conformity with generally accepted governmental
accounting principles applied on a basis consistent with that of the preceding year.
We have also examined the financial data appearing on pages 18 to 24 of this report.
While in our opinion this data is fairly presented in all material aspects in
relation to the financial statements .taken as a whole, it is not necessary for a
fair presentation of the financial position and results of operations of the City
of Bangor and is furnished solely as supplementary financial information.
Respectfully submitted,
Certified Public Accountants
CITY OF ,BANGOR
COMPARATIVE BALANCE .SHEET
AS AT DECEMBER. 31, 1970
ASSETS
Total General Fund 15435,743.67 1,449,595.51
Capital Improvement Fund
Cash 3,920.85 193.,866.24
_.Amount to be provided in future periods
for third'. stage of interceptor sewer 1,993,000.00 -
Due from General Fund 987,306.75 500,000-.00
Due from Airport Fund 30,000.00 -
Due from Hospital Fund. 80;000.00 -
Due from Sewer.Utility Fund 70,000.00 -
Total Capital.Improvement Fund 3,164,227.60 693,866.24
Municipal Debt Fund
Amount to be provided.in future periods
to retire indebtedness 9,7841960.00 .9,672,400.00
Total Municipal Debt Fund. 9,784,960.00 9,672,400.00
The accompanying notes are an integraZ part of.these.statements.
LI -ABILITIES, RESERVES. AND SURPLUS
December 31,
1970
General Fund
Accounts payable and encumbrances
Due to Capital Improvement Fund
Due to Trust and Agency Fund
Due to Sewer Utility Fund
Due to Hospital Fund
Reserves for:
Town road improvement
Automotive -equipment replacement
Assessments to be levied in future
periods.
Ambulance --service
Off-street parking
Private services
Total.Liabilities and Reserves
$ 242,177.64
987,306.75
36,963..05
25,775.09
67,999.24
156,663.34
26;517.28
3,698.40
1,547,100.79
4
December. 31,
1969
$ 280,246.27
500,000.00
13,016.04
29;882.36
1419;756.10'
136,256.34
13,987.88
966.39
1,887.43
1,125,998.81,
Unappropriated Surplus(06ficit-),Page 12._ (111,357.12) 323,596.70
Total General Fund 1,435,743.,67 1,449,595,51
Capital Improvement Fund
Accounts.payable and encumbrances
Authorized projects - unexpended
balance - Pages:13 6 14
Total Capital Improvement Fund
Municipal Debt Fund
Bonds payable
Notes payable
Total Municipal Debt Fund -
Pages 19 6 20
4,906.75 45,994.25
3,159,320.85 647,871.99
3,164,227.60
9,335,000.00
449,960.00
9,784,960.00
693,866.24
9,273,000.00
399,400.00
9,672,400.00
December 31;
December 31,
1970
1969 .
General Fund
Cash $
-9,714.62
$ 2,275.59
Accounts receivable less allowance
for doubtful-accounts.of $17,703.92
at 12/31/70 and $6,175.19 at
12/31/69 - Note 1
195,904.53
286,159.97
Taxes receivable less allowance for
future losses of $33,226.54 at 12/31/70
and $21,828.01 at 12/31/69 - Page 18
564,883.92
543,953..24
Taxes secured by liens and deeds - Page 18
185,723.36
166,155.07
.Taxes .secured by sewer liens
411.50
411.50
Town road improvement.fund due from State
-
29,882.36
Street and sewer assessments deferred
156,663.34
1361256.34
Inventories of. -public services
303,293.40
189,247.42
Inventories of food services and office
supplies
19,149.00
12,555..64
Griffin Road work -in -progress -
reimbursable by State
-
82,698.38
Total General Fund 15435,743.67 1,449,595.51
Capital Improvement Fund
Cash 3,920.85 193.,866.24
_.Amount to be provided in future periods
for third'. stage of interceptor sewer 1,993,000.00 -
Due from General Fund 987,306.75 500,000-.00
Due from Airport Fund 30,000.00 -
Due from Hospital Fund. 80;000.00 -
Due from Sewer.Utility Fund 70,000.00 -
Total Capital.Improvement Fund 3,164,227.60 693,866.24
Municipal Debt Fund
Amount to be provided.in future periods
to retire indebtedness 9,7841960.00 .9,672,400.00
Total Municipal Debt Fund. 9,784,960.00 9,672,400.00
The accompanying notes are an integraZ part of.these.statements.
LI -ABILITIES, RESERVES. AND SURPLUS
December 31,
1970
General Fund
Accounts payable and encumbrances
Due to Capital Improvement Fund
Due to Trust and Agency Fund
Due to Sewer Utility Fund
Due to Hospital Fund
Reserves for:
Town road improvement
Automotive -equipment replacement
Assessments to be levied in future
periods.
Ambulance --service
Off-street parking
Private services
Total.Liabilities and Reserves
$ 242,177.64
987,306.75
36,963..05
25,775.09
67,999.24
156,663.34
26;517.28
3,698.40
1,547,100.79
4
December. 31,
1969
$ 280,246.27
500,000.00
13,016.04
29;882.36
1419;756.10'
136,256.34
13,987.88
966.39
1,887.43
1,125,998.81,
Unappropriated Surplus(06ficit-),Page 12._ (111,357.12) 323,596.70
Total General Fund 1,435,743.,67 1,449,595,51
Capital Improvement Fund
Accounts.payable and encumbrances
Authorized projects - unexpended
balance - Pages:13 6 14
Total Capital Improvement Fund
Municipal Debt Fund
Bonds payable
Notes payable
Total Municipal Debt Fund -
Pages 19 6 20
4,906.75 45,994.25
3,159,320.85 647,871.99
3,164,227.60
9,335,000.00
449,960.00
9,784,960.00
693,866.24
9,273,000.00
399,400.00
9,672,400.00
CITY .OF BANGOR
COMPARATIVE BALANCE SHEET
AS AT:DECEMBER.31,.1970
ASSETS
Total Hospital Fund
Airport Fund
Cash.
Accounts receivable less allowance -
for doubtful accounts of $2,216.10 at
12/31/70 and $950.72 -at 12/31/69
82,.831.86
1,005:56
LIABILITIES, RESERVES,AND SURPLUS
December 31,.
19'x/0 .
Trust and Agency Funds
Trust funds - Pages 21 .L 22 $ 402,479.90
Agency .funds -.Page .23 193;460.66
Total Trust and Agency Funds
Fixed Asset Fund.
Investment in fixed assets
Total Fixed Asset Fund
Hospital Fund
Accounts payable and encumbrances
Due to Capital Improvement Fund
Total.Hospital.Fund.
Airport Fund.
7,767.06 Accounts payable and encumbrances
,Due;;to Trust and Agency Funds
Due to Capital Improvement Fund
58,985.91 50,581.76
Total Airport Fund 59,991.47 58,348.82
The accompanying notes are an integral part of these statements.
Total Liabilities
Retained Earnings (Deficit) - Page 15
Total. -Airport Fund
5
December 31,
1969
$ 486,380.71
177,851.79
1. 5954940.56 .. 664,232.50
18,4981624.95 18,368,571.95
18,498,624:95 -18,368,571.95,
2;831:86
80;0.00.00
.82,831.86
13,787.45
127,000.00
30,000.00
170,787.45
(110,795.98)
59,991.47
300.00
220,000.00
220,300.00
(161,951.18)
58,348.82
December 31,
December 31,
1970
1969
Trust and Agency Funds
Cash
$ 10,800.32
$ 165826.53
Savings accounts
48,4857,66.
45,548.66
Investments in U.S: Government
obligations
272,793.75
272,793.75
Investments.in.domestic,corporations
70,185.90
80J12,08
Fund -in custody,of Kirstein Fund
29,711.88
28.,951.48
Due from Airport Fund.
127,000.00.
220,000.0.0
.Due from General.Fund.
36,963.05
-
Total Trust and Agency Funds;
595,940.56
664,232.50
Fixed Asset:Fund
Property, plant and equipment — Page 24
18,489,629:00
18,359,576.00
City property tax deeds
8,995..95
8,995.95
Total Fixed Asset Fund
18,498;624.95
18,368,571.95
Hospital .Fund
Cash-
713206.49
-
Accounts.receivable less allowance for
_
-doubtful accounts of $21;000.00
49.,850.28
-
Due from General Fund
25,775.09.
-
Total Hospital Fund
Airport Fund
Cash.
Accounts receivable less allowance -
for doubtful accounts of $2,216.10 at
12/31/70 and $950.72 -at 12/31/69
82,.831.86
1,005:56
LIABILITIES, RESERVES,AND SURPLUS
December 31,.
19'x/0 .
Trust and Agency Funds
Trust funds - Pages 21 .L 22 $ 402,479.90
Agency .funds -.Page .23 193;460.66
Total Trust and Agency Funds
Fixed Asset Fund.
Investment in fixed assets
Total Fixed Asset Fund
Hospital Fund
Accounts payable and encumbrances
Due to Capital Improvement Fund
Total.Hospital.Fund.
Airport Fund.
7,767.06 Accounts payable and encumbrances
,Due;;to Trust and Agency Funds
Due to Capital Improvement Fund
58,985.91 50,581.76
Total Airport Fund 59,991.47 58,348.82
The accompanying notes are an integral part of these statements.
Total Liabilities
Retained Earnings (Deficit) - Page 15
Total. -Airport Fund
5
December 31,
1969
$ 486,380.71
177,851.79
1. 5954940.56 .. 664,232.50
18,4981624.95 18,368,571.95
18,498,624:95 -18,368,571.95,
2;831:86
80;0.00.00
.82,831.86
13,787.45
127,000.00
30,000.00
170,787.45
(110,795.98)
59,991.47
300.00
220,000.00
220,300.00
(161,951.18)
58,348.82
CITY .OF BANGOR
-COMPARATIVE BALANCE SHEET
AS AT.DECEMBER 31,.1970
ASSETS
December 31,
1970
Sewer Utility Fund
Current Assets
Cash
Accounts receivable less allowance
for doubtful accounts of $5,525.23
at 12/31/70 and $5,958.65 at
12/31/69
Due from General Fund
Inventory of materials and supplies
Total Current Assets
Utility Plant in Service
Land
Buildings; plant and equipment
Less Accumulated depreciation
Pipelines and mains
Less: Accumulated depreciation
Construction in progress
Total.Utility Plant
Other Assets
Deposits with Capital.Improvement`:
Fund for construction of:
Perry Road sewer
Dunning Blvd. storm sewer
Ohio Street pump station
Total Other Assets
Total Sewer Utility Fund
$ 953.40 $
130,151.78
8,494.09
December 31,
1969
15,165.67
111,721.92
13,016.04
5;796.73
139,599.27 145,700:36
58,425:67
5,136,970.26
247,286.00
4,889,684.26
7,548,548.28
157,693.00
7,390,855.28
12,338,965.21
130,000.00
5,500.00
9,500.00
145,000.00
Ll
LIABILITIES, RESERVES AND SURPLUS
December, 31, December 31,
1970 1969
Sewer Utility Fund
Current Liabilities and Reserves
Accounts payable and encumbrances
Due to Capital Improvement Fund
Reserve .for Federal and State grants
in aid of construction:
Buildings and equipment.
Pipelines and mains
-Total Liabilities and Reserves
$ 591.94 $
70,000.00
1,650;960.00
749,040.00
1,020..61
1,650,960.00
749,040.00
2,470,591.94 2,401,020.61
Surplus
City of Bangor.'s contribution
58,425.67 Utility Plant 10,3605973.6 3, 5,864,552.92.
Retained earnings (deficit) - Page 16 (208,001..09) (114,,693.67)
2,6949821.73
13.9,494.00 Total.Surplus 10,152,972.54 5,749,859.25
2,555,327:73
5,4849354.22
102,850.00
5,381,504.22
9,921.88
8,005,179.50
12,623,564.48 8,150,879.86
`The accompanying notes are an integral part of these statements.
w.�
Total Sewer Utility Fund
12,623,564.48 8,150,879.86
CITY OF BANGOR
COMPARATIVE BALANCE SHEET
AS AT DECEMBER 3.1, 1970
ASSETS
December 31, December 31,
1970 1969
Terminal Building Fund
Cash $ 174;;864:14 $ 20,465:29
Development expenses incurred 715,958.92 77,034.71
Total Terminal Building Fund
TOTAL ASSETS - ALL FUNDS
890,823.06 975500.00
$47,136,707.65 $3,9515.5,394,.88
The accompanying notes are an integral part of these statements.
7
LIABILITIES, RESERVES,AND SURPLUS
December 31, December 31,
1970 1969
Terminal Building Fund,
Contracts payable $ 122;977.09 $ -
Reserves for:
Cash grants-in-aid from.City
Advances_ - 10,000.00
Proceeds from bond issue 401,000_.00 87,500.00-
Federal
7,500.00Federal and State grants-in-
aid of construction 360;319.00 -
Interest income from temporary
investments and other 6,526.97. -
Total Terminal.Building.Fund.. 8902823.06 97,500.00
TOTAL LIABILITIES, RESERVES AND SURPLUS $47;136;707.65 $39,155,394.88
CITY OF BANGOR
STATEMENT OF ESTIMATED AND ACTUAL REVENUES AND TAX COMMITMENT - GENERAL FUND
FOR THE YEAR ENDED DECEMBER 31, 1970
Revenue Classifications
Taxes
Penalties and interest on delinquent
taxes
Auto excise tax
Sub -total
Licenses and Permits
For street use
Non -business licenses and permits
Police and protection
Business, professional and other
Sub -total
Fines, Forfeits and Penalties
Use of Money and Property
Municipal auditorium
Municipal golf course
Interest on investments
Miscellaneous rents, admissions and
concessions
Sub -total
From Other Agencies
State shared taxes
State grants-in-aid
Federal government
Payments in lieu of taxes
Donations
Sub -total
Charges for Current Services
General government
Safety
Highway
Sanitation
Health
Schools
Cemeteries
Public buildings
Recreation - miscellaneous
Sub -total
Transfer from Other Funds
Off-street parking fund
Trust fund - Bass Park
Group insurance dividend
Capital improvement fund
Surplus
Sub -total
Estimated
Revenue
$ 30,000.00
465,000.00
495,000.00
45,100.00
6,900.00
4,275.00
4,987.00
61,262.00
28,010.00
54,200.00
57,900.00
33,000.00
20,590.00
165,690.00
90,000.00
1,223,702.00
492,735.00
42,500.00
1,848,937.00
20,410.00
21,337.00
3,480.00
1,100.00
4,200.00
402,740.00
10,500.00
18,800.00
1,000.00
483,567.00
15,000.00
5,000.00
30,000.00
300,000.00
350,000.00
Actual
Revenue
$ 42,461.08
482,800.35
525,261.43
36,244.00
7,894.94
5,348.50
7,285.00
56,772.44
19,313.40
44,659.29
46,395.25
35,659.32
23,532.42
150,246.28
152,357.37
1,133,030.49
475,824.09
183.48
1,761,395.43
28,962.94
7,347.07
1,944.02
3,796.20
4,960.50
391,112.11
16,427.45
16,593.00
1,362.93
472,506.22
15,000.00
52,912.91
300,000.00
367,912.91
N.
Excess or
(Deficiency)
$ 12,461.08,
17.,800.35
30,261.43
(8,856.00)
994.94
1,073.50
2,298.00
(4,489.56)
(8,696.60)
(9,540.71)
(11,504.75)
2,659.32
2,942.42
15,443.72)
62,357.37
(90,671.51)
(16,910.91)
(42,500.00)
183.48
(87,541.57)
8,552.94
(13,989.93)
(1,535.98)
2,696.20
760.50
(11,627.89)
5,927.45
(2,207.00)
362.93
11,060.78)
(5,000.00)
22,912.91
17;912.91
CITY OF BANGOR
STATEMENT OF ESTIMATED AND ACTUAL REVENUES AND TAX COMMITMENT -.GENERAL FUND
FOR THE YEAR ENDED DECEMBER 31, 1970
Revenue Classifications
Reimbursements
General government - miscellaneous
Bangor Urban, Renewal Authority
Parking and modernization
Welfare
Public Services
Sub -total
Total Revenues
Other Sources
Proceeds from notes issued
Sub -Totals
Current Year's.Tax Commitment
Real property
Personal property
Polls
Total Tax Commitment
GRAND TOTALS
Estimated
Revenue
$ 30,920.00
293,142.00
17,500.00
48,000.00
7,000.00
396,562.00
Actual
Revenue
$ 15,709.88
141,690.41
17,500.00
68,610.77
4,858.52
248,369.58
E
Excess or
(Deficiency)
$ (15,210.12)
(151,451.59)
20,610.77
(2,141.48)
(148,192.42)
3,8295028.00 3,601,777.69 (227,250.31)
150,000.00, 150,000.00
3,979,028.00
5,431,952.00
1,369,786.00
19,104.00
6,820,842.00
3,751,777.69
5,397,457.92
1,411,085.85
20,634.00
6,829,177.77
(227,250.31)
(34,494.08)
41,299.85
1,530.00
8,335.77
$10,799,870.00 $10,580,955.46 $(218,914.54)
The accompanying notes are an integral part of these statements.
CITY OF BANGOR
STATEMENT OF APPROPRIATIONS AND EXPENDITURES - GENERAL FUND
FOR THE YEAR ENDED DECEMBER 31, 1970
Operating Appropriations
General Government
Council
Executive
City Clerk
Finance
Registration of -voters
Assessment
Treasury
Purchasing
Planning
City Solicitor
Personnel
Civil Service Commission
Economic Development
Sub -total
Public Safety
Police
Fire
Sealer of weights and measures
Building inspection
Civil Defense -
Sub -total
Health, Welfare and Recreation
Hospital
Health
Welfare
Parks and recreation
Fine arts
Sub -total.
Public Buildings and Public Works
Public buildings
Public works
Sub -total
Miscellaneous
Harbors and wharves
Pensions and group insurance
Contingent
Debt service
Sub -total
Appropriation
$ 7,600.00
37,993.00
73,436.00
152,044.00
13,891.00
91,436.00
52,661.00
34,335.00
129,004.00
28,700.0.0
20,353.00
1,000.00
38,400.00
680,853.00
551,315.00
740,0.72.00
125.00
51,680.00
1,135.00
1,344,327.00
77,756.00
124,,865.00
188,325.00
354,253.00
900.00
,746,099.00
55,945.00
1,540,958.00
1,596,903.00
3,100.00
330,520.00
10,429.00
650,642.00
994,691:00
Expenditures
and
Encumbrances
$ 7,309.51
44,833.54
73,760.19
134,524.49
13,857.38
104,732.15
50,541.36
33,879.83
109,023.06
28,431.86
20,230.43
772.95
31,529.16
653,425.91
505,174.87
722,514.82
45:57
48,092.22
766.56
1,276,594.04
139,961.13
115,620.90
228,032.09
336,831.73
816.00
821,261.85
51,900.71
1.,573,826.71
1,625,727.42
2,524.84
338,141.46
4,650.00
642,641.78
987,958.08
10
Appropriation
Over (Under)
Expenditures
$ 290.49
(6,840.54)
(324.19)
17,519.51
33.62
(13,296.15)
2,119.64
455.17
19,980.94
268.14
122.57
227.05
6,870.84
27,427.09
46,140.13
17,557.18
79.43 .
3,587.78
.168.44
b/,/3L.yb
(62,205.13)
9,244.10
(39,707.09)
17,421.27
84.00
75,162.85)
4,044.29
(32,868.71)
(28;824.42)
575.16
(7,621.46)
5,779.00
8,000.22
6,732.92
11
CITY OF BANGOR
STATEMENT OF APPROPRIATIONS AND EXPENDITURES - GENERAL FUND
FOR THE YEAR ENDED DECEMBER 31, 1970
Expenditures Appropriation
and Over (Under)
Operating Appropriations Appropriation Encumbrances Expenditures
Other Agencies
Taxes paid to .county $ 100,138.00
Public library 116,568.00
Education 5,079,057.00
Sub -total 5,295;763.00
Total Operating Appropriations 10,658,636.00
Other Appropriations
Overlay - reserve for uncollected
taxes 78,472.00
Recreation district tax 62,762.00
Sub -total 141,234.00
GRAND TOTAL
$ 100,440.00
116,568.00
5,069,585.45
5;286,593.45
10,651,560.75
38,472.00
62;762.00
101,234.00
$ (302.00)
9,471.55
9,169.55
7,075.25
40,000.00
40,000.00
$10,799,870.00 $10,752,794.75 $ 47,075:25
The accompanying notes are an integral part of these statements.
CITY OF BANGOR
ANALYSIS OF UNAPPROPRIATED SURPLUS - GENERAL FUND
FOR THE YEAR ENDED DECEMBER 31; 1970
Balance; January 1, 1970
Additions
Excess of appropriations over expenditures,
Pages 10 & 11
Proceeds from sale of City -owned property
Reimbursement of cash grant made to.
Terminal Building Fund
Excess earnings from Hersey Fund
Supplemental levy on taxes
Prior years' adjustments
General Fund $.14,536.08
Hospital Fund (4;002.22)
Miscellaneous receipts
Total Additions
Sub -Total
Deductions
Excess of estimated over actual revenues,
Pages 8 & 9 218,914.54
Add: Excess of actual over estimated
revenues applicable to current
year's taxes 8,335:77
Net excess charge to surplus
Surplus appropriated 1970:.
Estimated revenue 300,000.00
$ 47.,075.25
86,806.90
8,680.36
1,056.19
9,788.74
10,533.86
2,058.75
227;250.31
12
$ 323,596.70
166,000.05
489,596.7.5
Uncollectible accounts:,
General Fund 51,858.64
Hospital Fund 21,772.87 373,631.51
Cash shortage 1970 72.05
Total.Deductions 600,953.87
Balance, December 31, 1970 $(111,357.12)
The accompanying notes are an integral part of these statements.
CITY OF BANGOR
STATEMENT OF CAPITAL IMPROVEMENT FUND
FOR.THE YEAR ENDED DECEMBER.31, 1970
Kenduskeag Stream interceptor sewer
Stillwater Park - Urban Renewal
Harlow Street lights
School improvements
Atler Harlow - Trafficicircle
New City Hall - Renovation
Fairmount Terrace - Land acquisition
Traffic control system
Sylvan Road extension
Main Street sidewalk - Urban Renewal
Washington Street construction Urban Renewal
Broad - Independent Streets construction -
Urban Renewal
Pickering Square parking lot
Curve Street - Land acquisition
High School - Land acquisition
Abraham Lincoln School - Land.acquisition
Broadway traffic signal
Main and Union Street traffic circle
New Fire Station site
Airport Support Building'
Griffin - Strickland Road - Note (A)
Old City Hall parking lot,
Kenduskeag Park West
Harlow Street sidewalk
Harlow and Central traffic,.signal
Water Street
Perry Road sewer
Auditorium roof
International Arrivals Building
Hanger 252
Forest Avenue lights
Dunning Blvd. storm sewer
Ohio Street pump station
Totals
0
13
The accompanying notes are an integral part of these statements.
'3alances
Appropriations
Disbursements and Encumbrances
Transferred to
Balance
and
Estimated
Continuing
Other Credits
Prior Years
1970_
Total
Revenue
Projects
$6,532,862.91
$4,552,824.38
$ 6,999.79
$4,559,824.17
$ 43,442.20
$1,929,596.54
321,472.21
225,638.89
84,526.63
310,165.52
-
11,306.69
60,000.00
24,530.90
-
24,530.90
-
35,469.10
11,601.97
10,715.44
898.50
11,613.94.
-
(11:970
15,000:00•
18,314.62
1,327.14
19,641.76
-
(4,641.76)
379,671.93
373,263.78
6,936.76
380,200.54
-
(528.61)
49,750.00,
22,399.00
7,099.27
29,498_.27
-
20,251.73
71,000.00-
-
-
-
-
71,000.00
23;000.00
13,529.29
-
13,529.29
9,470.71
-
95,000.00r
11,202.70
70,718.96
81,921.66
-
13,078.34
65,000.00
30,469.57
19,582.63
50,052.20•
-
14,947.80
105,000.00'
14,925.07
3,768.66
18,693.73
-
86,306.27
105,000.00
-
2,15319
2,153..19
-
102,846.81
401000.00•
-
-.
-
-
40,000.00
55,000.005
-
-
-
-
55,000.00
247,442.76
-
1,425.00
1,425.00
-
246,017.76
7,000.00•
-
3,712.04
3,712.04
-
3,287.96
8,000.0.0
-
3,725.02
3,725:02
-
4,274.98
100,000.00•
-
-
-
-
100,000.00
201,500.00.
-
-
-
-
201,500.00
73,883.85-
82,698.38
83,596.02
166,294.40
-.
(92,410.55)
81,000.00.,
-
1,299.86
1,299.86
-
79,700.14
11,000.00•
-
1,411.58
1,411.58
-
9,588.42
15,000.00-
-
12,005:55
12,005.55
-
2,994.45
8,000.00•
-
674.47
674.47
-
7,325.53
30,000.00•
-
-
-
-
30,000.00
130,000:00•
-
1,111.86
1,111.86
-
128,888.14
30,000.00`
-
-
-
-
30,000.00
9,265.42-
-
-
-..
-
9,265.42
27,000.00•
-
7,987.77
7,987.77
-
19,012.23•
2,000.00
-
512.43
512.43
-
1,487.57
5,500.00'
-
4;736,.79
4,736.79
-
76.3.21
9,500.00-
-
6,495.35
6,495.35
-
3,004.65
$8,925,451.05
$5,380,512.02
$332,705.27
$5,713,217.29
$ 52,912.91
$3,159,320.85
The accompanying notes are an integral part of these statements.
CITY OF BANGOR. 14
STATEMENT OF CAPITAL IMPROVEMENT FUND
FOR.THE YEAR ENDED DECEMBER 31, 1970
1970 -Appropriations
Kenduskeag Stream interceptor sewer stage III
,.New Fire Station
Airport Support Building -
Main Street sidewalk
Washington Street - Construction
Broad and Independent Streets - Construction
Stillwater Park - Urban Renewal
Strickland Road
Old City Hall parking lot
Kenduskeag Park West
Harlow Street sidewalk
Water Street
Perry Road sewer
Auditorium roof
International Arrivals Building
.Hanger 252
Dunning Blvd. storm sewer
Ohio Street pump station
Appropriations Disbursements and Encumbrances
and
Other Credits Prior Years
Soka-cc
$1,993,000.00
100,000.00 —Boni USwe
201, 500.00 — bad Z'gs )QZ b
83,000.00
34;000.00
90,000.00
80,000:00
50,000.00
81,000.00
11,000:00
15,000.00
30;000.00
130,000.00 �- $EWrr Fwt� 14'70
30,000.00
9,265.42
27,000.00
5,500.00 _ g�,ser Fuel
9,500.00 Sesozr �d 1170
Note (A) This project is partially funded by the State in accordance with terms
of State aid and Town Road improvement programs. At December 31, 1970
these programs contained an aggregate unexpended balance available.
to the City to defer expenditures of $38,280.46.
The accompanying notes are an integral part of these statements.
1970 To
- �4%�
tal
Balances
Transferred to Balance
Estimated Continuing
Revenue Projects.
CITY OF BANGOR
AIRPORT FUND
COMPARATIVE INCOME AND RETAINED EARNINGS STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 1970
Operating Revenue
Landing fees
Building rental
Gallonage override
Reimbursement for services
Equipment and area rentals
Options and leases
Concessions
Gross business override
Miscellaneous
Total Operating Revenue
Operating Expenses
December 31,
1970
$ 114,326.01
20,492.51
162,206.58
64,244.44
44,147.17
100,154.63
59,529.21
5,608.13
15
December 31,
1969
$ 145,859.67
14,510.63
145,790.42
49,690.38
9,438.91
103,196.25.
12,139.75
1,179.08•
1,715.15
570,708.68 483,520.24
Administration
85,607.64
177,714.23
Landing area
249,854:94
187,101.69
Aircraft service area
40,123.37
22,656.59
Terminal services area
45,837.58
44;939.56
Revenue producing industrial area
63,342.37
108,573.30
International Arrivals area
26,793.61
-
Total.Operating Expenses
511,559.51.
540,985.37
Net Operating Income (Deficit)
59,149.17
(57,465.13)
Other Non -Operating Revenue and (Expenses)
Sale of surplus property
9,132.72
-
Debt service
(8,806.69)
-
Bad debts
(10,000.00)
(1,000.00)
Net Non -Operating Revenue and :(Expenses)
(9,673.97)
(1,000.00)
Net Income (Deficit)
49,475:20
(58,465.13)
Retained Earnings (Deficit), January 1
(161,951.18)
(103,486.05)
Additions
Adjustment of prior years' encumbrances and other 1,680.00 -
Retained Earnings (Deficit), December 31 $(110,795.98) $(161,,951.18)
The accompanying notes are an integraZ part of these statements.
CITY OF BANGOR
SEWER UTILITY FUND
COMPARATIVE INCOME AND RETAINED EARNINGS STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 1970
Total Operating Revenue
Operating Expenses
Administration
Station and plant - operation and maintenance
City system - operation and maintenance
Total Operating Expenses
Net Operating Income
Non -Operating Expenses
Debt service
Depreciation
Bad debts
Total Non -Operating Expenses
Net Income (Deficit)
Retained earnings (deficit) at January 1
Deductions
Adjustment of prior years' accounts receivable
and other
Retained Earnings (Deficit) at December 31
16
December 31, December 31,
1970 1969
$ 474,038.02 $ 450,489.13
14,755.27 23,885.78
99,343.78 78,864628
48;590.60 60,247.86
162,689.65 162,997.92
311,348..37 287,491.21
241,798.00
213,862,.46
162,635.00
121,200.00
-
20,000.00
404,433.00
355,062.46
(93,084.63)
(67;571.25)
(114,693.67) (46,193.85)
222.79 928.57
$(208,001.09) $(114,693.67)
Pr
The accompanying notes are an integraZ part of these statements.
CITY OF BANGOR
HOSPITAL FUND
STATEMENT .OF REVENUE AND EXPENSES
FOR THE YEAR ENDED DECEMBER.31, 1970
Operating Revenue
17
Medicare
$ 7,478.39
Medicaid
28,793.31
State nursing aid
121,172.05
Full pay
99,409.01
Welfare
36,109.62
Employee meals
6,183.23
Employee pharmacy
1,464.34
Medical supplies
99.55
Rental of building
9,289.92
Total Operating Revenue
$ 309,999.42
Operating Expenses
Personal services
288,635.03
Supplies
67,296.39
Contractual services
49,014.12
Communications
1,304.99
Fuel and utilities
27,696.87
Rental - automative equipment
25'162.16
Employee benefits
12,618.32.
Total Operating Expenses 448,727.88
Net Operating Income (Deficit) (138,728.46)
Capital Outlay 1,232.67
Net Income (Deficit) Closed to General
Fund Appropriation $(139,961.13)
The accompanying notes are an integral part of these statements.
CITY OF BANGOR
STATEMENT OF PROPERTY VALUATION, ASSESSMENT AND COLLECTION OF TAXES
FOR THE.YEAR ENDED DECEMBER 31, 1970
Assessed Valuation
Real estate
Personal property
Total Valuation
Tax Rate per $1,000
Taxes assessed on property
Street and demolition
assessment
Poll taxes
1970
$126,725;200.00
33,315,700.00
$160,040,900.00
$42.50
$ 6,801,738:25
2,569.54
19,104.00
1969
$121,513,800.00
30,411,200.00
$151,925,000.00
$40.60
18
1968
$119,004,400.00
28,028,200.00
$147,032,600.00
$36.70
$ 6,168,155.00. $ 5,396,096.00
17,664.00 20,433.00
Total Tax Commitment $ 6,823,411.79 $ 6,185,819.00
ANALYSIS OF TAXES RECEIVABLE FOR 1970
Balance, January 1, 1970
Additions
1970 tax commitment
Supplemental levy of taxes
Sewer assessment
Total Additions
Deductions
Collections - net
Abatements
1969 real estate taxes transferred to
tax liens
Other adjustments - net
Total Deductions
Balance, December 31, 1970
Year
1970
1969
196,8
1967
1966
1965
1964
1963 and Prior
$ 6,823,411.79
9,788.74
17,404.09-
Total
7,404.09
6 ,636 ,703.20
21,532.00
159,800.67
239.54
SCHEDULE OF TAXES RECEIVABLE AT DECEMBER 31, 1970
Less allowance for future losses
Balance, December.31, 1970
Taxes Receivable
$ 553,836.78
20,083.50
9,060.08
4,733.56
4,433.18
2,283.65
607:20
3,072:51
598,110.46
33,226.54
$ 564,883.92
$ 5,416,529.00
$ 565,781.25
6,850,604.62
7,416,385.87
6,818,275.41
$ 598,110.46
Tax Liens
94,681.49
31,152.78
19,373.86
12,114.59
7,039.92
4,883.53
16,477.19
185,723.36
$ 185,723.36
CITY OF BANGOR
STATEMENT OF PUBLIC DEBT
AS -OF DECEMBER 31; 1950
Assessed Valuation
Debt, limit-- 726 of Valuation
City of Bangor outstanding debt - December 31, 1970
Additional borrowing capacity.
DESCRIPTION OF DEBT
03/01/62,
340,000.00
3.00
%
Date of.
Amount
3,200,000.00
3.00
Original
Original
08/01/62
Purpose
Issue
Issue
Rate
Bonds
400,000.00
3.00
%
Permanent public improvement
10/01/54
$ 660,000.00
1.70 %
Permanent public improvement
08/02/57.
100,000.00
3.60 %
Sewer
11/01/57
120,000.00
3.30 %
Permanent public improvement;
10/01/59
780,000.00
3.70 %
Capital improvement
08/01/60
435,000.00
3.40 %
Sewer
08/0.1/.61 435,000.00 3 3/8%
Urban Renewal
03/01/62,
340,000.00
3.00
%
High School
08/01/62
3,200,000.00
3.00
Kenduskeag Stream Improvement
08/01/62
1,650,000.00
3.001
Permanent public improvement
09/01/63
400,000.00
3.00
%
Permanent public improvement
03/01/64
485,000.00
3.00
%
Public improvement and funding
09/01/65
315,000.00
3..10
Public improvement
12/01/66
210,000.00
4:00
Street and sewer
12/01/66
100,000.00
4.00A
Sewer and treatment plant
07/01/67
1,400;000.00
3.70
%
Permanent public improvement
09/01/67
700,000.00
4.00
%
Permanent public improvement
09/0.1/68
690,000.00
4.10
Permanent public improvement
08/15/69
1,060,000.00
5.75
%
Permanent public improvement
07/01/70
720,000.00
6.5.0
$160,040,900,00.
$12,003,067..00
9,784,960.00
$ 2,218,107..00
Balance of
Matra»;tine
$ 33,000.00 1971-1974
5,000.00 1977,-1977
6,000.00, 1971-1977
39,000.00, 1971-1979
20,000.00 1971-1981
15,000.,00 1982.
20,000.00 1971-1982
15,000.00 1983
20,000.0.0. 1971-1979
160,000.00 1971=1982
85,000.00 1971-1981
35,000.00 1982
20;000.00 1971-1983
25,000.00 1971-19.83
10,000.00 19.84
15,000.00 1971-1986
10,000..00 1971-1987
5,000.00 1971-1986
70,000.00 1971-1987
35,000.00 1971-.1987
35,000.00 1971-1987
25,000.00 1988
55,000.00 1971-1988
15,000.00 1989
50,000.00, 1971-1984
20,000.00, 1985
ff
Principal
Outstanding
December,31, 1970
$ 132,000.00
35,000.00
42,000.00
351,000.00
220,000.00
15,000.00
240,000.00
15,000.00.
180,000.00
1,920,.000.00
9-35,000.00
35;000.00
260,000.00
325,000.00
10,000.00
240,000.00
170,000.00.
80,000.00
1,190,000.00
595,000:00
595,000.00
25,000.00
990,000.00
15,000.00
700,000:00
20,000.00
Total Bonds .9,335,000.00
19
CITY OF BANGOR
STATEMENT OF PUBLIC DEBT
AS OF DECEMBER 31i,1970
DESCRIPTION -OF DEBT
Total Bonds (Brought Forward)
Notes payable
Total Outstanding Debt
20
Date of
Amount
Principal
Original
Original
Balance
of
Outstanding
Issue
Issue
Rate._
Maturities
December 31, 1970
$9,335,000.00
08/22/68
05/15/69
$ 150,000.00
150,000.00
MO %
4.60 $
$ 50,000.00
50,000.00
1971
1971-1972
50,000.00
100,000.00
10/30/69
44,400.00
5.75 %
4,440.00
1971-1979
39,,960.00 1
11/01/7.0
260,000.00
4.25V'
52,000.00
1971-1975
260,000.00
��
$9,784,960.00
CITY OF BANGOR
STATEMENT OF TRUST FUNDS
AS AT DECEMBER 31, 1970
Balances, January 1, 1970
Unexpended
Principal Income
Cemetery
Perpetual Care $179,511.39 $
Parks
Bass Park Trust
-Arthur Chapin Fund
City Missionary
Hiram H. Fogg Fund
Louis 6 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 6 Sophia-Kirstein
Scholarship Fund
Louis 6 Sophia Kirstein
Student Loan Fund
Alburney E. Webber, Jr.
Scholarship Fund
Public Library
Hersey 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
27.60
14,537.85. 8,277.22
Additions
Principal Income
$ 9,116.00 $.8,495.98
2;228.38
670.29
21
Withdrawals
Balances,
December
31, 1970
From From
693.31
1,693.31
1,000.00
Principal Income
Principal
Income
Total
$ $ 8;495.98
$188,627:39 $
2,000.00
$188,627.39
92.22
1,25.0.00
-2;255.:98
2,255:98
2,288.13
141537.85
6;659.38
21,197.23,
1,000.00
647.20
46.11
505.62:
1,000.00
693.31
1,693.31
1,000.00
32.3.66
46.11
150.00
1,000.00
369.77
1,369.77
2,000.00
1.,316.72
92.22
1,25.0.00
2,000.00
1,408.94
3,408.94-
,408.9410.13
10.13.
202.25
184.44
200.00
10.13
186.69
10.13
1,000.00
910.08.
46.11,
257:31
1,000..0.0
956.19
1,956.19
12,000.00
1,507.01
553.31
1,107.,40
12,000..00.
952.92
12,952.92
200.00
204:36
9.22
500.00
200.00
213.58
413.58
99600.00
563.66
500.00 .465.70
500.00
10,100..00
529.36
10,629.36•
2,0.00.00
542.56
92.22
29000.00
634.78
.2,634.78
5,'000.00
2.81
230.55
250.00
59000.;00
(16.64)
4,983.36:
28,951.48
126.64
760.40
29,711.88
126.64
29,838.52•
29000.00
.137.21
92.22-
75.00
2,000:00
154.43
2,154.43,
100,000.00 1,056.19
821.88 100,000.00 1,056.19
821.88 821..88
10_2000.00
505.62
461.09
505.62:
10,000.00
461.09
10,461.09
32000.00
151.69
138.33
150.00
3,000..00
140..02
3,140.02
25;000.00
1,264.05
1,152:73
1,25.0.00
25;000.00
1,166.78
26,166.78
4,000.00
202.25
184.44
200.00
4,000.0 0
186.69
4,186.69
5,000.00
252.81
230.55
257:31
5,000.00,
226.05
5,226.05
11,000.00
556.18
507.20
550.00
11,000.0,0
513..38
11,513.38
10,000.00
505.62
461..09
500.00
10,000.00
466.71
10,466.71
22
CITY OF BANGOR
STATEMENT OF TRUST
FUNDS
AS
AT DECEMBER 31,
1970
Balances, January 1, 1970
Additions
Withdrawals
Balances, December
31, 1970
Unexpended
From
From:
Principal
Income
Principal
Income
Principal
Income,
Principal
Income
Total
Other Funds
Dorothea A. Miller Fund
$ 500.00
$ 25.28
$
$ 23:05
$
$ 24.00
$ 500.00
,$ 24.33
$ 524.33
Bangor Fireman's Relief Fund
9;533.95
322.45
414.10
217.50
9,533.95
519.05
10,053.00
Bangor Fuel Society Fund
4,500.00
227.53
207.49
225.00
4,500.00
210.02
49710.02
Bangor Mechanics'. Association
Fund
12,000.00
6.74
553.31
600.00
12,000.00
(39.95)
11,960.05
Kirstein City Hospital and
-
Home Fund
500.00
123.28
23.05
500.00
146.33
646.33
Arthur J. Morey Trust Fund
19000.00
298.89
_46.11
1,000.00
345.00
1;345.00
Melvin M. Murch Fund
59732.84
1,716.42
264.30
5,732.84
1,980.72
7,713.56
O'Connell Trust -Fund
19000.00
888.02
46.11
19000.00
934.13
19934.13
Twitchell Trust Fund
766.83
229.35
35.32
766.83.
264.67
1,031.50
Flora I. Seavey Fund
19000.00
117.14
46.11
17.20
19000.00
146.05
1,146.05
Charlotte R. Hall Fund
5,000.00
230.55
760.00
4,240.00
230.55
4,470.55
Pfaff Trust Fund
800.00
36.89
800.00
36.89
836..89
Total Trust Funds
$463,344.47
$23;036.24
$16,176.40
$18,952.12
$1009760.00
$189269.33
$378,760.87.,$23,719.03
$402,479.90
23
CITY OF BANGOR
STATEMENT OF AGENCY FUNDS
DECEMBER 31, 1970
Amounts Due the State of Maine
Pension and group life insurance contribution $ 27,776.79
Hunting, fishing and plumbing license fees 1,227.70
Sales tax 330.26
State income tax withheld 10,948.35
Total $ 409-283.10
Amounts Held in Escrow
Cianchette Bros., Inc. 12,937.00
Other
Workmen's compensation insurance (20,948.61)
Savings bonds 426.92
Miscellaneous.deductions and deposits 14,044.25
United Community Services of Penobscot Valley, Inc. 340.84
Associated Hospital Service of Maine, Inc. 6,272.56
Federal income tax withheld 137,858.80
Federal grants - Police and safe streets act 2,245.80
Total 140,240.56
Total Agency .Funds $193,460.66
CITY OF BANGOR
STATEMENT OF PROPERTY FUND
AS INVENTORIED AND.APPRAISED IN 1970
Buildings
Land
Streets
Sidewalk -
Bridges
Retaining Walls
Statues
Electrical
Street signs
Total
24
$ 9,780,770.00
1,995,970.00
4,823,355.00
411,644.00
749,350.00
164,020.00
210,000.00
345,556.00
8,964.00
$18,489,629.00
CITY OF BANGOR
NOTES TO FINANCIAL STATEMENTS
FOR THE .YEAR ENDED DECEMBER 31, 1970
Note 1 - General Fund - Restatement of 1969 Balances
The balance sheet of -the General Fund as at December 31, 1969 has been
restated in order to reflect 1969 balances on a comparable basis with
1970 financial statement presentation. Accordingly; the balances shown
for the following reserve accounts - Ambulance Service, Off Street
Parking, and Private Services - were reclassified from accounts
receivable and accounts payable for $13,987.88 and $2,853.82
respectively.
Supplemental Information
At December 31, 1970 the City has requested reimbursement for expenditures
incurred in the construction of Stage II of the-Kenduskeag Interceptor
Sewer from State and Federal agencies of the,Environmental Improvement
Commission as per terms of the Federal Water Polution Control Act, as
amended (33 U.S.C. et seq.). As of this date final approval .has not
been received from the. Federal agency and therefore the total request
of�$233;300 has not been reflected in the City's financial statements.