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1968City of Bangor Maine I ANNUAL FINANCIAL REPORT t TISCAL YEAR ., CA ENDED. DEC. 311 1963 f B R O O K S & C A R T E R Certified Public Accountants 84 Harlow Street Bangor, Maine 04401 April 18, 1969 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, 1968: 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 Expense - Sewer Utility.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, 1968, and the results of operations of the General, Capital Improvement, Airport and Sewer Utility 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. Respectfully submitted, Certified Public Accountants C O N T E N T S General Fund Balance Sheet 1 Estimated and Actual Revenue 2 & 3 General Fund, Appropriations, Expenditures and Unexpended Balances 4 Capital Improvement Fund, Appropriations, Expenditures and Unexpended Balances 5 General Fund, Analysis of Unappropriated Surplus 6 Tax Collection During Year of Levy 7 Statement of Tax. -Deeds and Tax Liens 8 Analysis of Taxes Receivable 8 Statement of Municipal Property 9 Combined Fund Balance Sheet, Resources 10 Combined Fund Balance Sheet - Liabilities, Reserves and Surplus 11 Miscellaneous Funds Balance Sheet 12 Statement of Trust and Agency Funds 13 Statement of Debt Limit and Borrowing Capacity 14 Future Debt Service on Present Debt 14 Net Debt Ratio to Assessments and Net Debt per Capita 14 4 Monthly Operating Statement (Hospital & Home) 15 Monthly Operating Statement (Auditorium) b 16 Monthly Operating Statement (Municipal Golf Course) 17 Monthly Operating Statement (Sewer Utility Fund) 18 G E N E R.A L F U N D B A L A N C E S H E E T C I T Y O F B A N G 0 R, M A I N E December 31, 1968 .ASSETS LIABILITIES, RESERVES AND SURPLUS CASH ON HAND AND DEPOSITS 6440.56 ASSESSMENTS TO BE LEVIED - FUTURE PERIODS 135,931.27 CASH ADVANCES & WORKING FUNDS Petty Cash 15,410.00 DUE TO CAPITAL FUND 200,000.00 Travel Expense Advances 1,759.90 3,169.90 TAXES RECEIVABLE RESERVES Uncollected Taxes 421,742.00 Encumbrances 352,930.80- 52,930.80Off-Street Off-StreetParking 890.46 ACCOUNTS RECEIVABLE Private Services 200.31 Uncollected Taxes Secured Town Road Improvement 24,668.12 by Tax Deeds 144,102.53 Uncollected Taxes 183146.48 Uncollected Taxes Secured Accounts Receivable 5,919.25 by 411.50 Public Works -Depreciation 75,604.67 478,360.09 Sewer Deeds Town Road Improvement Fund 24,668.12 Other, Miscellaneous 261,834.50 431,016.65 STREET &SEWER ASSESSMENTS- - DEFERRED 135,931.27 INVENTORIES SURPLUS 3661,088.47 Office Supplies 663.86 Public Works Dept. 1635181.86 Revised Ordinances 2,948.85 Central Sign Shop 1,000.34 , Electrical Dept. 145584.54 182079.45 TOTAL ASSETS 1,180,379®83 TOTAL LIABILITIES, RESERVES & SURPLUS 1,180,379.83 'Deduct STATEMENT OF REVENUE -EST IMATED AND ACTUAL For the Year Ended December 31, 1968 TAXES -CURRENT YEAR'S LEVY Real Property Personal Property Polls TOTAL TAXES - CURRENT YEAR'S LEVY OTHER LOCAL TAXES & PENALTIES Penalties & Interest - Taxes Auto Excise Tax TOTAL OTHER LOCAL TAXES & PENALTIES LICENSES & PERMITS For Street Use Street Privileges & Permits Business Licenses Police & Protective Amusements Professional & Occupational Non -Business Licenses & Permits TOTAL LICENSES & PERMITS FINES', FORFEITS & PENALTIES USE OF MONEY & PROPERTY Miscellaneous Rents & Concessions Municipal Golf Course Municipal Auditorium Other Buildings & Property TOTAL USE OF MONEY & PROPERTY FROM OTHER AGENCIES State Shared Taxes State Grants in Aid Federal Grants in Aid Payments in Lieu of Taxes TOTAL FROM OTHER AGENCIES *Deduct Estimated Revenue 4,476,100.00 900,000.00 .18,900.00 593959000.00 20,000.00 425,000.00 445,000.00 50,000.00 60.00 1,000.00 3,655.00 670.00 1,104.00 5,600.00 62,089.00 32,700.00 52,700.00 56,155.00 47,500.00 10,931.00 167,286.00 62,000.00 762,333.00 571,511.00 75,995.00 1,471,839.00 Revenue Billed and Uncollected 281,168.66 98,002.38 8,274.00 387,445.04 35.00 75.00 684.50 5.00 799.50 3,795.00* 739.00 3,056.00* Cash Receipts 4,0805858.66 927,550.90 12,663.00 5,021,072.64 19 f182. 51 361,702.19 380,884.70 53,932.03 60.00 1,020.00 4,292.50 765.00 1,511.00 5,975.37 67,555.90 29,239.25 18,332.32 47,276.00 53,315.31 27,058.25 145,981.88 89,460.25 755,589.90 588,797.62 15,683.82 1;449,531.59 Total Revenue 40621,027.32 1,025,553.36 20,937.00 5008,517.68 19,182.51 361,702.19 380,884.70 53,932.03 60.00 1,020.00 4,292.50 765.00 1,511.00 5,975.37 67,555.90 29,239.25 18,367.32 47,351.00 53,999.81 27,063.25 146,781.38 89,460.25 751,794.90 588,797.62 16,422.82 19446,475.59 Excess or Deficiency* 1141,072.68* 125,553.36 2,037.00 13,517.68 817.49* 63,297.81* 64,115.30 3,932.03 20.00 637.50 95.00 407.00 375.37 5,466.90 ._4hn_7S* 34,332.68* 8,804.00* 6,499.81 16,132.25 20,504.62* 27,460.25 10,538.10* 17,286.62 59,572.18* 25,363.41* N STATEMENT OF-.REVENUE-ESTIMATE D AND ACTUAL For the Year Ended December 31, 1968 CHARGES FOR CURRENT SERVICES General Government Safety Highway. Sanitation Health Hospital Schools Cemeteries Recreation Public Buildings TOTAL CHARGES FOR CURRENT SERVICES TRANSFERS FROM OTHER FUNDS Surplus Electrical- Equipment Reserve Off -Street Parking Fund Trust Fund - Bass Park Overlayings Group Insurance Dividend Capital Fund TOTAL TRANSFERS FROM OTHER FUNDS REIMBURSEMENTS General Government Welfare Engineering, Electrical & Public Works TOTAL REIMBURSEMENTS BORROWINGS GRAND TOTAL REVENUE *Deduct Estimated Revenue 21,320.00 41,604.00 124,950.00 9,950.00 4,000.00 296,000.00 296,556.00 16,500.00 18,000.00 828,880.00 173,000.00 3,540.00 35,000.00 5,000.00 50,000.00 8,000.00 40,000.00 314,540.00 150,053.00 31,000.00 67,105.00 248,158.00 150,000.00 9,115,492.00 Revenue Billed and Uncollected 4.00 264.25 6,838.15 4,422.04 51,064.90 450.00 18.00 5,710.00 68,771.34 22,619.55 2,634.54 25,254.09 •479,213.97 Cash Receipts 21,341.83 35,980.15 6,194.83 :6,812.14 4,594.50 253,169.60 293,559.84 14,141.87 632.91 14,413.32 650,840.99 173,000.00 3,390.00 30,000.00 5,000.00 50,000.00 4,041.72 40,000.00 305,431.72 85,936.31 25,396.92 68,089.04 179,422.27 150,000.00 80793960.94 Total Revenue 21,345.83 36,244.40 13,032.98 11,234.18 4,594.50 304,234.50 294,009.84 14,141.87 650.91 20,123.32 719,612.33 173,000.00 3,390.00 30,000.00 5,000.00 50,000.00 4,041.72 40,000.00 305,431.72 108,555.86 28,031.46 68,089.04 204,676.36 150.000.00 8,859.174.91 Excess or Deficiency* 25.83 5,359.60* 111,917.02* 1,284.18 594.50 8,234.50 2,546.16* 2,358.13* 650.91 2,123.32 109,267.67* 150.00* 5,000.00* 3,958.28* 9,108.28* 41,497.14* 2,968.54* 984.04 43,481.64* 256017.09* W DEPARTMENT OR APPROPRIATION TITLE Legislative Executive City Clerk Finance Registration of Voters Assessment Treasury Purchasing Planning Legal Engineering Personnel Civil Service Economic Development Police Fire Electrical Sealer of Weights & Measures Inspection Civil Defense Hospital Health Welfare Parks & Recreation Fine Arts Public Buildings Public Works Harbors & Wharves Pensions Contingent Debt Service County Tax Public Library Education TOTAL GENERAL FUND BUDGET OVERLAY RECREATION: -DISTRICT' TAX TOTAL BUDGET REQUIREMENTS *Deduct GENERAL FUND APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES For the Year Ended December 31, 1968 Appropriation Disbursements Encumbrances Total Unexpended Disbursements Approp. & Encumbrances 6,160.00 6,521.75 6,521.75 .361.75* 36,736.00 31,151.10 3,235.50 34,386.60 2,349.40 59,626.00 50,364.97 19597.27 51,962.24 73663.76 115022.00 120,629.77 590.55 121,220.32 5,798.32* 13,690.00 129527.13 82.50 12,609.63 1,080.37 52,550.00 505052.48 42.00 50,094.48 21455.52 39,843.00 389874.35 687.85 39,562.20 280.80 28,931.00 26,948.29 396.69 27,344.98 1,586.02 134083.00 1079151.49 145527,11 121,678.60 12,804.40 17,135.00 13,817.16 192.00 14,009.16 3,125.84 90,636.00 71,185.30 1,161.80 . 72,347.10 18,288.90 14,673.00 125570.33 101,67 12,672.00 25001.00 1,350.00 52.21 10.80 63.01 19286.99 38,507.,00 295926.88 850.00 30,776.88 7,730.12 5165,589.00 475006.95 556.90 4759863,85 409725.15 698033.00 658,261.85 3,501.29 661,763.14 36,669.86 133085.00 67,521.70 701606.67 138,128.37 4,643.37' 50.00 78.60 78,60 28.60* 331477.00 305948.28 105.00 31,053.28 2,423.72 6,390.00 2,271.18 2,500.00 4,771.18 1,618.82 2885,257.00 325,036.86 14,545.93 3391582.79 51,325.79 105,620.00 835699.60 45711,59 88011.19 17,208.81 148,502.00 150,720.99 417.00 151,137.99 2,635.99* 314,953.00 293,160.13 14,744.43 307,904.56 7,048.44 1,500.00 894.92 894.92 605.08. 451193.00 39,414.74 65.66 39,480.40 5,712.60 1,115,455.00 8625415.83 118,022.14 980037.9.7 135,017.03 4,900.00 29258.76 29258.76 21M1.24 275,800.00 295052.09 295,352.09 195552.09* 29,544.00 10,000.00 10,000.00 199544.00 374,043.00 3549217.72 354,217.72 19,825.28 91,640.00 91,640.00 91,640.00 1073282.00 1075282.00 107,282.00 40909221.00 3,996,366.20 99,678.45 490965,044.65 5,823.65* 9,031,076.00 85418,621.61 352,930.80 8,7715552.41 259,523.59 19,430.,00 19030.00 19030.00 64,986.00 64,986.00 64,986.00 9,115,492.00 8,5035037.61 352,930.80 8,855,968.41 259,523.59 CAPITAL IMPROVEMENT FUND APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES As at December 31, 1968 APPROPRIATION TITLE Appropriation Disbursements Encumbrances Total Unexpended Disbursements Approp. & Encumbrances Stillwater Park- Urban Renewal 271,472.21 2241,779.49 2243779.49 46,692.72 Kenduskeag Stream -Interceptor Sewer 4,5651028.76 3,973,240.99 '3291,764.78 43303,005.77 262,022.99 14th Street Extension 318,000.00 273,908.80 2025.00 276,333.80 41,666.20 Traffic Control System 1005000.00 z 100,000.00 Harlow Street Lights 80,000.00 245431.76 24,431.76 55,568.24 Marina Land Acquisition 35,000.00 355250.00 35,250.00 250.00* Fairmount Terrace Land Acquisition, 25,000.00 25,000.00 Grandview Avenue -West 30,000.00 20,523.65 20,523.65 9076.35 Sylvania Access Road 851,000.00 85,255.23 855255.23 255.23* Atler-Harlow Circle 155000.00 125475.16 25,116.00 14,591.16 408.84 Track Construction 2,500.00 123.03 123.03 2,376.97 Football Field Construction 10,000.00 8,765.00 8,765.00 1,235.00 Tennis Court Construction 85,000.00 13,275.00 135275.00 5,275.00* Baseball Field Construction 45500.00 1,950.44 15950.44 2,549.56 City Hall Renovation 406,047.82 183,732.10 1285224.17 311,956.27 945091.55 TOTALS *Deduct 5,955,548.79 45857,710.65 4621529.95 5,320,240.60 635,308.19 CITY OF BANGOR ANALYSIS OF UNAPPROPRIATED SURPLUS - GENERAL FUND FOR THE YEAR ENDED DECEMBER 31,1968 Balance, January 1, 1968 Additions Excess of appropriations over expenditures Proceeds from sale of City -owned -property Supplemental levy df ::taxes Prior years' adjustments, etc. State aid received on 1967 highway projects Total Additions Sub -Total Deductions Excess of estimated over actual revenues $256,317.09 Add: Excess of actual over estimated - revenues applicable to current years' taxes 13,517.68 Net excess charge to surplus Surplus appropriated in 1968: For current revenue 173,000.00 For uncollectible accounts 31,000.00 Over -expended balance of closed Capital Improvement Fund projects Total Deductions Balance, December 31, 1968 $259,523.59 7,274.55 4,095.93 43,698.74 17,194.04 269,834.77 204,000.00 4,146.55 31 $512,282.94 331,786.85 844,069.79 $366,088.47 TAX COLLECTION - DURING YEAR OF LEVY Yr. Ended Property Property Tax Tax Levy Adjusted Collections Percent.of Dec. 31 Tax List Rate per M Levy In Yr.of Levy Collections 1958 1233095,900.00 26.00 3,200,493.00 351193,807.00 2,981,232.00 93.4 1959 1251001,800.00 26.00 3,2505046.00 3,246,829.00 39057,818.00 94.2 1960 126,7743100.00 29.00 3,6765449.00 3,6605163.00 3,442,169.00 94.0 1961 127,2619300.00 31.20 3,970,553.00 3,968,201.00 35696,342.00 93.2 1962 140,068,100.00 28.80 49033,961.00 4,024,849.00 3,775,249.00 93.8 1963 1399702,300:00 30.20 4,219,010.00 4,208,149.00 3,937,823.00 93.6 1964 139,653,100.00 31.00 4,329,246.00 453145008.00 4,031,279.00 93.4 1965 141,359,000.00 32.00 4,523088.00 4098,527.00 4,216,158.00 93.7 1966 142,124,900.00 34.40 4,8891,097.00 45,879,208.00 4,502,672.00 92.3 1967 143,586,000.00 35.00 5,0259510.00 5,017,947.00 4,691,274.00 93.5 1968 147,032,600.00 36.70 53396,096.00 55385,506.00 5,021,073.00 93.2 M STATEMENT OF TAX DEEDS AND TAX LIENS Year Ended December 31, 1968 Years Balances 1967 Taxes Redeemed Cancelled Balances 1963 1/1/68 Int. & Costs 3,032.97 1965 12/31/68 Prior 660.58 1967 143280.78 1968 660.58 1956 451.60 451.60 1957 631.92 24.80 607.12 1958 892.45 25.89 866.56 1959 975.44 25.99 949.45 1960 13827.03 53.93 1,773.10 1961 2,971.54 522.63 2048.91 19.62 83057.62 543.63 7,513.99 1963 11,620.41 1,102.03 10,518.38 1964 9,239.86 1,305.83 7,934.03 1965 .16,758.30 45479.84 217.65 12,060.81 1966 58,670.16 27,945.82 233.67 305490.67 1967 1081,631.53 405566.22 237.98 67,827.33 TOTALS 112,756.91 108,631.53 76,596.61 689.30 1445102.53 ANALYSIS OF TAXES .RECEIVABLE As at December 31,1968 Year Taxes Uncollected 1961 289.32 1962 446.08 1963 55674.44 1964 3,032.97 1965 3,509.78 1966 7,063.59 1967 143280.78 1968 387,445.04 TOTAL 421,742.00 STATEMENT OF MUNICIPAL PROPERTY December 31, 1968 CLASSIFICATION Buildings Land Streets Sidewalks Bridges Retaining Walls Statues Electrical Street Signs TOTAL .AMOUNT 9,981,670.00 1,997,020.00 4,425,452.00 411,644.00 749,350.00 164,020.00 210,000.00 345,556.00 8,964.00 1832933676.00 N RESOURCES Cash on Hand &:Deposits Petty Cash Travel Expense Advances Savings Accounts Securities Custody of Kirstein Fund Trustees Due from General Fund Due from Airport Fund Accounts Receivable Town Road Improvement Fund Taxes Receivable Taxes Receivable -Tax Deeds & Liens Accounts Receivable -Sewer Deeds Sewer & Street Assessments Deferred Inventories Estimated Revenue To be Provided in Future Periods TOTAL RESOURCES C O M B I N E D F U N D B A L A N C E S H E E T As December 31, 1968 TOTAL General Capital Trust and Municipal Fund Improvement Agency Fund Debt Fund Fund / 124,361.69 6,140.56 115,848.14 ✓ 2,372.99 1,410.00 11410.00 1,759.90 1,759.90 45,548.66 455548.66 4265581.63 4265581.63 27,941.47 27,941.47 2005000.00 200,000.00 ✓ 90,000.00 90,000.00 ✓ 278,824.50 2619834.50 169990.00 249668.12 24,668.12 421,742.00 421,742.00 144402.53 1445102.53 411.50 411.50 1353931.27 1355931.27 182,379.45 1823379.45 6751000.00 6755000.00 9,06.6,000.00 9,466,000.00 12124.6,662.72 1480,-379.83 1,097,838.14 5021444.75 95466,000.00 C O M B I N E D F U N D B A L A N C E S H E E T As at December 31, 1968 LIABILITIES, RESERVES & SURPLUS Notes Payable Bonds Outstanding Due to Capital Fund Assessments to be Levied -Future Periods Appropriations Off -Street Parking Fund Private Services Ambulance Service Accounts Receivable Reserve Town Road Improvement Reserve Encumbrance Reserve Public Works Equipment -Reserve Miscellaneous Reserves Uncollected Taxes- Reserve Surplus, Unappropriated TOTAL LIABILITIES, RESERVES & SURPLUS 5 TOTAL General ::-... Capital Trust and Municipal Fund Improvement Agency Fund Debt Fund Fund 6501,000.00 650,000.00 8,816,000.00 8,816,000.00 200,000.00 2005000.00 135,931.27 135,931.27 635,308.19 6359308.19. 890.46 890.46 200.31 200.31 4,793.28 45793.28 1,125.97 15125.97 24,668.12 245668.12 8159460.75 352,930.80 4629529.95 75,604.67 75,604.67 5023444.75 502,444.75 18,146.48 18,146.48 366,088.47 366,088.47 12,246,662.72 1,18.0,379.83 1,0979838.14 502,444.75 95466,000.00 4 ASSETS Cash Accounts Receivable Development Expenses Property Taken on Tax Deeds Fixed Property TOTAL ASSETS LIABILITIES Accounts Payable Due to Capital Fund Advances - City Proceeds - Bond Issue Reserve -Encumbrances Reserve- Depreciation Investment in Fixed Assets Surplus TOTAL LIABILITIES *Deduct MISCELLANEOUS FUNDS BALANCE SHEET As at December 31, 1968 12 Sewer Airport Terminal Fixed Utility Fund Building Asset Fund Fund Fund 16,763.22 562.56 883819.64 119,109.89 115210.44 •:1. • 7,725..18 5,837,601.62 185293,676.00 5,973,474.73 115773.00 973500.00 18,301,401.18 25,259.05 y 90,000.00 10,000.00 87,500.00 33,971.66 121,144.00 18'93013401.18 55818,359.07 103,486.05* 5,973,474.73 119773.00 97,500.00 18,301,401.18 STATEMENT OF TRUST AND AGENCY FUND As at December 31,1968 FUND Adams Bangor Firemen's Relief Bangor Fuel Society Bangor HighSchool Loan Bangor Mechanic Association Bass Park Cemeteries Arthur Chapin Thomas U. Coe Hiram H. Fogg French Medal Hersey Holton Public School Home for Aged Women Kirstein - City Hospital & Home Kirstein Missionary Kirstein Scholarship Kirstein Student Loan Morey, Arthur J. Melvin M. Murch O'Connell'Trust Hiram P. Oliver Penobscot Association for the'Blind Pierce, Anna Hayford L.E. Sabine Flora I. Seavey Stetson Missionary Stetson George T. Stodder Twitchell Fund Wakefield A.E. Webber, Jr. Scholarship Cianchette Bros. -Escrow Account Miscellaneous Employee Deductions Employees' Retirement Hunting and Fishing Fees - State Employees' Savings Bonds Employees' State Group Life Insurance Survivors' Benefit Miscellaneous Deposits United Fund State Sales Tax Workmen's Compensation Miscellaneous- School Dept. Plumbing Fees - State Fire Fighters' Union Dues Blue Cross TOTALS *Deduct Fund Balance Principal Income 105000.00 ✓ 453.79 9,191.82- 420.48 4,500.00- 20.80* 200.00 194.25 125000.00- 55.45* 2,627.11 167,405.18 14,537.85 3)000.00-- 1 , 000. 00 ,000.001,000.009,600.00100,000.00- 2000.00" 25,000.00 500.00- 1,000.00- 5,000.00- 27,941.47 1,000.00- 5.1732.84- 13000.00- 2 , 000. 00- 137.13 ,000.00- 5,732.84"1,000.00- 2,000.00- 137.13 4,000. 00- 1,000.00- 19000,00- 129000.00- 5 , 000. 00- 115 0- 1,000.00- 1,000.00-- 12,000.00-- 5,000.00- 11, 000.00--- 766.83- 10,000.00- 2,000.00-- 113358.01 194.00 11,261.38 1,301.80 157.32 3,577.64 646.10 994.07 282.00 63,50* 8,946.50* 3,334.16 79.07 585.00 5,761.33 7,542.20 136.13 596.64 78.27 759.18 441.44 1,134.49 98.00 273.10 23.11* 126.64 248.33 1,426.60 837.46 1,215.60 181.51 859.52 74.58 1,302.23 226.89 499.17 190.62 453.79 111.09 Total Fund 10,453.79 9,612.30 4,479.20 394.25 11,944.55 2,627.11 167,405.18 22,080.05 3,136.13 1,596.64 9,678.27 100,759.18 2,441.44 26,134.49 598.00 1,273.10 4,976.89 28,068.11 1,248.33 7,159.44 1,837.46 3,215.60 137.13 4,181.51 1,859.52 1,074.58 13,302.23 5,226.89 11,499.17 957.45 10,453.79 2,111.09 11,35$.01 194.00 11,26.1.38 1,301.80 157.32 3,577.64 646.10 994.07 282.00 .63.50* 8,946.50* 3,334.16 79.07 585.00 5,761.33 480,035.00 22,409.75 5025444.75 13 14 STATEMENT OF DEBT LIMIT AND BORROWING CAPACITY December 31, 1968 ASSESSED Valuation April, 1968 147,032,600.00 Debt Limit (72% of Valuation) 1130273445.00 City of Bangor Liabilities: Bonded Debt 8,8165000.00 Notes Payable 650000.00 9,466,000.00 Net Borrowing Capacity 1,561045.00 FUTURE DEBT SERVICE ON PRESENT DEBT December 31, 1968 YEAR Bond Bond Note Note Total Maturities Interest Maturities Interest Future Debt Service 1969 6033000.00 293,507.00 5509000.00 89446.00 1,454,953.00 1970 603,000.00 273,979.00. 50,000.00 3,200.00 9303179.00 1971 603,000.00 254,451.00 50,000.00 19600.00 909,051.00 1972 603,000.00 234,923.00 837,923.00 1973 603,000.00 215,395.00 818,395.00 1974 603,000.00 195,867.00 798,867.00 1975 5701,000.00 176,339.00 746,339.00 1976 570,000.00 157,372.00 727,372.00 1977 570,000.00 138,405.00 708005.00 1978 559,000.00 1193438.00 6781438.00 1979 559,000.00 100,849.00 659,849.00 1980 500,000.00 82,560.00 582,560.00 1981 500,000.00 663014.00 566,014.00 1982 4453000.00 49,468.00 494068.00 1983 2303,000.00 345592.00 264,592.00 1984 180,000.00 26070.00 206,470.00 1985 170,000.00 195830.00 1892,830.00 1986 170,000.00 135340.00 183040.00 1987 150,000.00 6,850.00 156,850.00 1988 259000.00 1,025.00 269025.00 TOTALS 85-816,000.00 2,460,674.00 650,000.00 13,246.00 11,939,920.00 NET DEBT RATIO TO ASSESSMENTS AND NET DEBT PER CAPITA Net Debt Per Capita Year Net Assessments Ratio to Net Debt Debt Assessments 1959 2,1835000.00 1255001,800.00 .01746 69.19 1960 2,391,000.00 126,7745100.00 .01886 61.38 1961 2,581,000.00 127,261,300.00 .02028 66.33 1962 7,506000.00 140,0689100.00 .05359 192.90 1963 7,413,000.00 .139,7025300.00 .05306 190.51 1964 7,402000.00 139,653,100.00 .05300 190.22 1965 79219,000.00 141,3599100.00 .05106 185.50 1966 8,467,000.00 14211249900.00 .05957 217.59, `1967 8,694,000.00 143 586 000.00 .06055 223.43 1968 9,466,000.00 1475032)600.00 .06438 243.27 CITY OF BANGOR 15 HOSPITAL & HOME -DEPARTMENT Monthly:Income. Statement Month of.December:;1968 OPERATING REVENUE: 1968 This Year Last Year Budget Month To Date Month Date Account • 7050 Hospital Chgs.-Full Pay 605000.00 153843.83 88,790.61 11,234.00 53,725.78 7053 Hosp. Chgs.-Part Pay,Indiv. 325000.00 2,265.99 37,331.83 3,899.15 31,951.73 7055 State Nursing Home Aid 94,000.00 11,985.56 ...116,987:42 9,767.98 84,186.48 7056 Medicare 100,000.00 2,919.05 32,810.78 22,350.19 85,479.96 7057 Medicaid 10,000.00 7,905.51 11,188.21 558.29 4,609.98 7059 Medicaid- State Billing 9,520-•60 17,125.65 TOTAL REVENUE 296,000.00 50,440.54 -304,234.50 47,809.61 259,953.93 OPERATING EXPENSE: 40-01-01 Personal Services 216,303.00 195229.65 2513,877.89 235945.35 214,277.89 40-01-02 Supplies 71,200.00 5,543.09 62,35.9.10 6,723.71 63,037.57 40-01-03 Contractual Services 415580.00 45363.12 375832.05 25199.62 30,492.91 40-01-04 Communications 15274.00 134.70 1,534.91 13.65 1,208.40 40-01--05 Fuel & Utilities 8,650.00 973.78 7,491.03 536.15 6,816.70 40-01-06 Equipment Costs 400.00 27.20 4.40 203.25 SUB TOTAL 3395407 00 30,244.34 361,122.18 33,422.88 316,036.72 40-01-98 Credits Hosp.(Deduct) 58,000.00 35121.01 30,676.39 25595.97 21,221.22 40-01-99 Credits Home (Deduct) 25950.00 663.00 396.50 2,366.00 TOTAL OPERATING EXPENSE 2785457.00 27,123.33 329,782.79 30,430.41 292049.50 OPERATING JNCOME 17,543.00 23.317.21 25,548.29* 17,379..20 32095.57* 40-01-10 Outlay Expense 9,800.00 10,036.72 95800.00 4,100.00 Debt Service 2,648.00 220.63 2,648.33 225.00 2,700.00 • NET INCOME 5,095.00 13,059.86 37,996.62* 17,154.20 39,295.57* *Loss L OPERATING REVENUE 5020 Building Rental 5029 Concessions TOTAL OPERATING REVENUE OPERATING EXPENSE Municipal Auditorium 48-40-01 Personal Services 48-40-02 Supplies 48-40-03 Contractual 48-40-04 Communications 48-40-05 Fuel & Utilities 48-40-06 Equipment Costs Sub -Total City of Bangor AUDITORIUM DIVISION Parks & Recreation Department Monthly Income Statement Month of December,1968 1968 This Year Budget MontT To Date 22,500.00 1,574.55 27,457 25 25,000.00 1,986.77 26,542.56 16 Last Year Month To Date 1,224.25 20,251.96 1,495.45 22,196.66 47,500.00 3,561.32 53,999.81 2,719.70 42,448.62 12,537.00 ,1,362 91 12,189.12 1,485.50 14,170.74 1,505 00 35.28 1:876.49 346.95 1,477.76 41950.00 24.25 45209.51 425.79 3,322.28 550.00 64.40 627.15 26.20 605.67 14,050.00 15505.56 95949.54 1,290.79 8,243.74 185.00 355.59 23.84 70.88 333777.00 2,992.40 29,207.40 3,599.07 271891.07 CONCESSIONS 48-41-02 Supplies 9,210.00 647.81 10,195.32 15315.78 10,730.25 48-41-03 Contractual Services 4,200.00 209.47 3,393.57 277.05 3,173.65 Sub -Total 135410.00 857.28 13,588.89 11592.83 13,903.90 TOTAL OPERATING EXPENSE OPERATING INCOME 48-40-10 Outlay Expense 48-41-10 Outlay Expense Debt Service NET INCOME *Loss 47,187.00 3,849.68 423796.29 313.00 288.36* 11,203.52 7,600.00 9,418.00 380.00 85.00 64,986.00 59415.50 64,986.00 725653.00* 51,703.86* 63,285.48* 5,191.90 41,794.97 2,472.20* 653.65 2,508.06 5,508.13 66,098.00 7,980.33* 67,952.41* V OPERATING REVENUE 5010 Membership -Resident 5011 Membership -Non -Resident 5012 Greens Fees 5013 Locker Rental TOTAL OPERATING REVENUE OPERATING EXPENSE 48-50-01 Personal Services 48-50-02 Supplies 48-50-03 Contractual Services 48-50-04 Communications 48-50-05 Fuel & Utilities 48-50-06 Equipment Costs TOTAL OPERATING EXPENSE OPERATING INCOME 48-50-10 Outlay Expense Debt Service NET INCOME *Loss City of Bangor GOLF COURSE DIVISION Parks :& Recreation Department._ Monthly Income Statement Month of December,1968 1968 This Year Budget Month To Date 183855.00 15,675.00 69000.00 33046.00 31,000.00 41.00 28,500.00 300.00 130.00 56,155.00 41.00 47,351.00 17 Last Year Month To Date 32.00 15,744.00 5,515.00 21,139.00 198.25 32.00 42,596.25 275155.00 1,316.00 27086.56 13479.00 23,957.25 8,150.00 102.64 6,628.22 177.97 4,959.64 23500.00 35.9.3 35858.92 25427.01 200.00 20.60 265.34 18.50 222.20 31,250.00 321.56 4,902.10 257.22 2,000.81 1,925.00 5.60 1,428.48 281.15 15200.22 435180.00 1,802.33 44,569.62 2,213.84 34,767.13 12,975.00 9,550.00 21,255.00 17,830.00* 1,761.33* 2,781.38 8,242.42 1,771.29 21,255.15 3,532.62* 269716.19* 2,181.84* 75829.12 3,370.14 1,807.40 21,691.00 3,989.24* 17,232.02* 18 City of Bangor SEWER UTILITY FUND Monthly Income Statement Month of December,1968 OPERATING REVENUE 1968 This Year Budget Month To Date 80-9601 Domestic 4005000.00 60,216.53 358,490.65 80-9602 Commercial 50,000.00 4,743.08 80-9603 Industrial 40,000.00 125617.64 80-9604 Flat Rate 3,846.00 276.43 80-9605 Governmental 129960..26. TOTAL REVENUE 493,846.00 60,216.53 389,088.06 OPERATING EXPENSE 80-01 Administration 25,640.00 3,156.45 31,670.71 80-02 Stations and Plant Operation 90,000.00 5,986.66 30,909.44 80-03 "City System" Operation & Maintenance 111,500.00 3,028.31 39,517.03 80-04 "Dow System" Operation & Maintenance 25,000.00 80-06 .Depreciation Expense 60,572.00 121,144.00 TOTAL OPERATING EXPENSE 252-140.00 72.743.42 223,241.18 OPERATING INCOME 241,706.00 .12,526.89* 165,846.88 -10 Outlay Expense 156,150.00 41,921.22 99,198.70 Debt Service 211,706.00 334.05 212,040.73 NET INCOME 126,150.00 54,782.16* 145,392.55* *Loss