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1966City of Bangor Maine ctvFg (1(Q(40 ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED DEC. 311 1966 B R O O K S & C A R T E R Certified Public Accountants 84 Harlow Street Bangor, Maine 04401 Members in Council City of Bangor,, Maine Gentlemen: March 6, 1967 We have examined the following financial statements of the City of Bangor for the year ended December 31, 1966: Comparative Balance Sheet - All Funds 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 Our examination was made in accordance with generally accepted auditing stand- ards 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 all funds of the City of Bangor at December 31, 1966, and the results of operations of the general and capital improvement 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, BROOKS & CARTER Per ified Public Accountants C O N T E N T S General Fund Balance Sheet Estimated and Actual Revenues General Fund, Appropriations, Expenditures and Unexpended Balances (Operating) General Fund, Appropriations, Expenditures and Unexpended Balances (Outlay) Capital Improvement Fund, Appropriations, Expenditures and Unexpended Balances General Fund Analysis of Unappropriated Su lus YSurplus Tax Collection During Year of Levy Statement of Tax Deeds and Tax Liens Analysis of Taxes Receivable Statement of Municipal Property Combined Fund Balance Sheet, Resources Combined Fund Balance Sheet - Liabilities, Reserves and Surplus Statement of Trust and Agency Funds Statement of Debt Limit and Borrowing Capacity Future Debt Service on Present Debt Net Debt Ratio to Assessments and Net Debt per Capita Monthly Operating Statement (Hospital & Home) Monthly Operating Statement (Municipal Golf Course) Monthly Operating Statement (Auditorium) d 1 2 & 3 4 5 6 7 8 8 8 9 10 11 12 13 13 13 14 15 16 ASSETS CASH ON HAND AND DEPOSITS CASH ADVANCES AND WORKING FUNDS Petty Cash Travel Expense Advances TAXES RECEIVABLE Uncollected Taxes ACCOUNTS RECEIVABLE Uncollected Taxes Secured by Tax Deeds Uncollected Taxes Secured by Sewer Deeds Town Road Improvement Fund Other, Miscellaneous STREET & SEWER ASSESSMENTS - DEFERRED INVENTORIES Office Supplies Public Works Dept. Revised Ordinances Central Sign Shop Electrical Dept. TOTAL ASSETS *Deduct 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, 1966 144057.26 144057.26 910.00 519.00 11429.00 LIABILITIES, RESERVES AND SURPLUS LIABILITIES Prepaid 1967 Auto Excise Tax 31,642.61 ASSESSMENTS TO BE LEVIED - FUTURE PERIODS 1355,433.96 4509436.44 RESERVES Federal Educational Programs 79,249.58 Encumbrances 2049041.24 Off -Street Parking - 785.23 1029791..97 Police & Fire Services 631.50* Town Road Improvement 199450.08 Uncollected Taxes 3,177.87 755.69 Accounts Receivable 29942.67 19,450.08 Employees' Group Insurance 704.14 309,719.31 183,750.57 306,748.31 SURPLUS 135033.96 Unrealized 673,535.23 301.11 96,690.35 2,647.07 j 2,281.86 10,005.75 111,926.14 1,150,331.11. TOTAL LIABILITIES, RESERVES & SURPLUS 1,150,331.11 STATEMENT OF REVENUE -ESTIMATED AND ACTUAL For the Year Ended December 31, 1966 TAXES - CURRENT YEAR"S LEVY Real Property Personal Property Polls TOTAL TAXES - CURRENT YEAR"S LEVY TAXES -PRIOR YEARS LEVIES & TAX DEEDS Real Property Personal Property Polls Tax Deeds & Sale of Property TOTAL PRIOR TAXES & TAX DEEDS 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 Fines & Court Fees TOTAL FINES, FORFEITS & PENALTIES USE OF MONEY & PROPERTY Miscl. Rents & Concessions Municipal Golf Course Municipal Auditorium Other Buildings & Property TOTAL USE OF MONEY & PROPERTY Estimated Revenue 49037,095.00 850,000.00 18,000.00 4,905.,095.00 140,000.00 55,000.00 5,000.00 80,000.00 280,000.00 16,000.00 360 000.00 376,000.00 60,000.00 160.00 1,100.00 3,100.00 640.00 2,124.00 4,150.00 71,274.00 43,700.00 43,700.00 40,700.00 47,975.00 39,000.00 16,350.00 144,025.00 Revenue Billed and Uncollected 292,520.86 84,015.28 7,197.00 383,733.14 646.26 646.26 Cash Receipts 31729,267.08 773,404.72 12,213.00 41514084.80 129:, 486.16 48,111.71 6,618.00 73;532.96 257,748.83 16,742,87 360;717.35 377,460.22 58,762.49 70.00 1,225.00 3,690.00 732.00 422.46 5,198.14 70,100.09 29,978.17 29,978.17 41,097.14 44,377.50 35,570.71 13,034.73 134,080.08 Total Revenue 49021,787.94 857,420.00 19,410:00 4,898,617.94 129,486.16 48,111.71 6,618.00 73,532.96 257,748.83 16,742.87 360,717.35 377,460.22 58,762.49 70.00 1,225.00 3,690.00 732.00 422,46 5,198.14 .7.05100.09 Excess or Deficiency* 15,307.06* 7,420.00 1,410.00 6,477.06* 10,513.84* 6,888.29* 1,618.00 6;467.04* 22,251.17* 742,87 717.35 1,460.22 1,237.51* 90,00* 125,00 590.00 92,00 1,701.54* 1;048.14 1,173.91* 29,978.17 13,721.83* 29,978.17 13,721.83* 41,097.14 44,377.50 36,216.97 13.034.73 134,726.34 397.14 3,597.50* 2,783.03* 3.315.27* 9,298.66* "i aw STATEMENT OF REVENUE-ESTIMATEDAND ACTUAL For the Year Ended December 31, 1966 FROM OTHER AGENCIES State Shared Taxes State Grants in Aid Federal Grants in Aid Payments in Lieu of Taxes TOTAL FROM OTHER AGENCIES 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 Public Works- Equipment Reserve Off -Street Parking Fund Group Insurance Dividend TOTAL TRANSFERS FROM OTHER FUNDS REIMBURSEMENTS General Government Welfare Public Safety Engineering, Electrical & Public Works TOTAL REIMBURSEMENTS GRAND TOTAL - REVENUE *Deduct Estimated Revenue 101,000.00 611,181.00 564,000.00 1,774.00 1,277,9 5.00 15,365.00 5,256.00 14,955.00 18,250.00 3,500.00 181,000.00 254,356.00 9,800.00 6,000.00 17.,300.00 525,78 00 15,000.00 3,540.00 64,000.00 50,000.00 10,000.00 14 ,540.00 121,894.00 20,000.00 2,000.00 98,691.00 00 Revenue Billed and Uncollected 200.00 200.00 154.33 1,827.51 591.63 16,78942 1,541.87 603.60 35.00 1,591.64 51135. OU 782.58 1,979.44 1,414.73 9176.75 Cash Receipts 111,779.90 609,245.96 592,234.48 17,157.82 1,3309418.16 17,450.73 3,705.00 4,341.31 5,674.46 3,952.50 184,164.82 279,908.00 11,125.21 6,039.77 18,176.56 53 ,� 538.36 15,000.00 4,282.44 66,320.36 47,000.00 28,000.00 160,602.80 72,357.01 23,853.09 2,776.89 61,899.36 160,886.35 Total Revenue 111,779.90 609,445.96 592,234.48 17,157.82 1,330, 18.16 17,450.73 3,859.33 6,168.82 6,266.09 3,952.50 200,954.24 281,449.87 11,728.81 6,074.77 19,768.20 557,673.3 15,000.00 4,282.44 66,320.36 47,000.00 28,000.00 160,602.80 73,139.59 25,832.53 2,776.89 63,314.09 165,063.10 Excess or Deficiency* 10,779.90 1,735.04* 28,234.48 15,383.82 —72—,6-63. 16 2,085.73 1,396.67* 8,786.18* 11,983.91* 452.50 19,954.24 27,093.87 1,928.81 74.77 2,468.20 31,891.36 742.44 2,320.36 3,000.00* 18,000.00 18,062.80 48,754.41* 5,832.53 776.89 35,376.91* 77,521.90* 8,008,956.00 411,891.15 7,570,697.86 7,982,589.01 26,366.99* C.0 11 TOTAL OPERATING BUDGET 7,348,350.00 52,058.84 7,400,408.84 7,349,447.44 81516.67 7,357,964.11 42,444.73 *Deduct GENERAL FUND (OPERATING) APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES For the Year Ended December 31, 1966 DEPARTMENT OR Appropriation Other Total Disbursements Encumbrances Total APPROPRIATION TITLE Credits Available Disbursements & Encumbrances Legislative 6,250.00 6,250.00 5,778.68 5,778.68 Executive 31,213.00 31,213.00 29,324.44 50.85 29,375.29 City Clerk 39,045.00 39,045.00 36,688.54 306.79 36,995.33 Finance 87,948.00 87,948.00 87,849.31 87,849.31 Registration of Voters 115634.00 11,634.00 115366.95 42.00 11,408.95 Assessment 42,720.00 429720.00 401315.17 42.00 40,357.17 Treasury 34,293.00 34,293.00 355090.47 42.00 355132.47 Purchasing 26,978.00 26,978.00 26,763.06 73.17 26,836.23 Planning 85;877.00 85,877.00 86,972.64 3.78 86,976.42 Legal 141119.00 149119.00 13,597.77 42.00 13,639.77 Engineering 101,262.00 101,262.00 775185.61 42.00 775227.61 Personnel 145464.00 14064.00 125979.60 36.50 13,016.10 Civil Service Commission 800.00 800.00 223.12 223.12 Economic Development 255784.00 255784.00 24,609.30 24,609.30 Police 396,774.00 1,350.00 398,124.00 3665617.81 31256.39 369,874.20 Fire 5265876.00 526,876.00 5225973.96 363.97 523,337.93 Electrical 51918.3.00 51,183.00 53,314.32 53,314.32 Sealer of Weights & Measures 25.00 25.00 .0 20.21 20.21 Inspection 28,260.00 28,260.00 25,655.50 45.78 25,701.28 Civil Defense 1,000.00 1,000.00 531.87 531.87 Hospital 189,499.00 189,499.00 224,938.74 25888.66 227,827.40 Health 735255.00 73,255.00 635,414.57 193.40 63,607.97 Welfare 1585899.00 158,899.00 156,848.22 65.00 156,913.22 Municipal Golf Course 37,253.00 37,253.00 335851.06 33,851.06 Recreation 93,283.00 93,283.00 79,569.08 42.00 .79,611.08 Fine Arts 900.00 900.00 231.77 231.77 Public Buildings 339899.00 335899.00 32,701.91 32,701.91 Municipal Auditorium 66,941.00 665941.00 613576.56 61,576.56 Public Works 626,688.00 626,688.00 656,994.06 980.38 657,974.44 Harbor & Wharves 2,700.00 25,700.00 1,018.98 1,018.98 Pensions 2255200.00 2251200.00 217,905.29 217,905.29 Contingent 375185.00 375,185.00 21,935.00 219935.00 Debt Service 397,259.00 397,259.00 3985288.22 3985288.22 County Tax 99,900.00 99,900.00 99,840.00 99,840.00 Public Library 92,599.00 92,599.00 92,599.00 929599.00 Education 3,6865385.00 50,708.84 3,737,093.84 3,749,876.65 35749,876.65 TOTAL OPERATING BUDGET 7,348,350.00 52,058.84 7,400,408.84 7,349,447.44 81516.67 7,357,964.11 42,444.73 *Deduct DEPARTMENT OR APPROPRIATION TITLE City Clerk Finance Registration of Voters Assessing Treasury Purchasing Planning Legal Engineering Personnel Economic Development Police Fire Electrical Sealer of Weights & Measures Inspection Civil Defense City Hospital Health Welfare Municipal Golf. Course Recreation Municipal Auditorium Public Works Harbors & Wharves GENERAL FUND ( OUTLAY ) APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES For the Year En ded December 31, 1966 Appropriation Other Total Disbursements Encumbrances Total Unexpend. Credits Available Disbursements Approp. & Encumbrances 500.00 OUTLAY BUDGET 500.00 175.00 325.00 500.00 117,486.83 300.00 TOTAL 300.00 203.75 83.70 287.45 12.55 175.00 7,357,964.11 175.00 174.90 174.90 .10 1,120.00 13120.00- 80.43 1,000.00 1,080.43 39.57 200.00 200.00 196.78 196.78 3.22 330.00 330.00 319.00 319-.00 11.00 200.00 15,182.91 15,382:,91 528.97 14,853.91 15,382,88 .03 70.00 70.00 68.87 68.87 1.13 25,870.00 2,870.00 86.54 1,738.00 1,824.54 1,045-.46 105.00 105.00 455.16 455.16 350.16* 640.00 640.00 554.03 76.16 630.19 9.81 14010.00 11,000..00 251,410.00 11,353.80 111085.81 22,439.61 2,970.39 4,605.00 4,6-05.00' 3,486.26 33,147.95 36,634.21 32,029.21* 43,686.00 38,529.11 825,215.11 18,392.74 4451440.27 625833.01 19,382.10 25.00 25.00 25,00 300.00 300.00 205.50 205.50 94.50 1,500.00 1,500.00 497.00 497.00 1,003.00 7,450.00 3,062.60 103512.60 29465.72 191.27* 29274.45 85,238.15 2023.00 2023.00 1,731.57 1,731.57 691.43 310.00 310.00 254.04 254.04 55.96 2,935..00 2,935.00 29637.14 29637.14 297.86 15,092.00 15,092.00 8,117.61 98.16 8,215.77 6,876.23 5000.00 5,300.00 41,523.51 4,523.51 776.49 2749255.00 429838.66 317,093.66 277,251.51 10,829.14 2889080.65 29,013.01 4,250.00 4,250.00 8068.40 8068.40 41,218.40* TOTAL OUTLAY BUDGET 383,051.00 110,613.28 493,664.28 3429228.23 117,486.83 459,715.06 TOTAL OPERATING BUDGET 73348050.00 525,058.84 7,400,408.84 7,349,447.44 8,516.67 7,357,964.11 TOTAL APPROPRIATION ACCTS. 7,731,401.00 162,672.12 7,894,073.12 7,691,675.67 126,003.50 7,817,679.17 RESERVE 200,000.00 200,000.00 200,000.00 200,000.00 OVERLAY 105,345.00 10,345.00 10,345.00. 10045.00 RECREATION DISTRICT TAX 67,210.00 67,210.00 67,210.00 67,210.00 TOTAL BUDGET REQUIREMENTS *Deduct 33,949.22 42,444.73 76,393.95 890089956.00 162,672.12 89171,628.12 79969,230.67 126,003.50 8,095,234.17 76,393.95 4 CAPITAL IMPROVEMENT FUND APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES As at December 31, 1966 Total 1966 Other Total Disburse. & APPROPRIATION TITLE Appropriation Credits Available Disbursements Encumbrances Encumbrances Stillwater Park -U. Renewal Kenduskeag Stream Int.Sewer 1,400,000.00 Flume Repair City Hospital Golf Course Watering System 305000.00 Municipal Golf Course Cons't. Municipal Auditorium Roof Broadway Widening - Mt. Hope Avenue Cons't. Kenduskeag Stream Project Eastern Me.Vocationa.l Inst. -Road 15,000.00 Grandview Avenue -West 30,000.00 Grandview Avenue -East 209000.00 Sylvania Access Road 85,000.00 East. Me.Vocational Inst.Sewer 20,000.00 Grandview Avenue- Sewer 30,000.00 Ohio Street Sewer 20,000.00 Sylvania Access Road - Sewer 15,000.00 Municipal Auditorium Park Education (High School) Sewer Construction-Miscl. 109000.00 Sidewalk Construction-Miscl. 35,000.00 271,472.21 2719472.21 25696,641.51 45096,641.51 35,000.00 249,990.00 112,525.76 40,000.00 445,402.93 20,000.00 35558,371.66 35,000.00 30,000.00 249,990.00 112,525.76 40,000.00 445,402.93 15,000.00 30,000.00 20,000.00 85,000.00 20,000.00 30,000.00 20,000.00 15,000.00 20,000.00 31558,371.66 10,000.00 35,000.00 223,534.59 407,525.48 19,741.00 33,398.58 26,881.21 249,990.00 701.25 112,525.76 •45,720.15 445,402.93 14,198.31 17,015.24 17,988.35 36,093.02 24,332.06 15,450.52 4,316.79 18,815.68 3,558,371.66 3,601 , 009. 33 3,118.79 198.75 10,286.00 223,534.59 4,008,534.81 19,741.00 33,398.58 30,000.:00 249,990.00 900.00 112,525.76 45,720.15 445,402.93 14,198.31 17,015.24 17,988.35 46,379.02 24,332.05 1-3,450.52 4,316.79 18,815.68 3,558,371.66 Unexpend. Approp. 47,937.62 88,106.70 19,741.00 1,601.42 900.00* 5,720.15 801.69 12,984.76 2,011.65 38,620.98 4,332.06* 14,549.48 20,000.00 10,683.21 1,184.32 10,000.00 35,000.00 TOTALS 1,710,000.00 1,429,404.07 9,139,404.07 55272,002.58 356141612.87 8,886,615.45 252,788.62 *Deduct a, CITY OF BANGOR ANALYSIS OF UNAPPROPRIATED SURPLUS - GENERAL FUND For the Year Ended December 31, 1966, Balance, January 1, 1966 Additions. Excess of appropriations over expenditures SLpplemental levy of taxes Proceeds for sale of city -owned property .Unexpended.balance of closed.Capital Improvement Fund projects Reimbursement of funds advanced to Urban Renewal Authority in prior years Total Additions Sub -total Deductions Excess of estimated over actual revenues Add: Collection of prior year's tax liens included in 1965 revenue for budgeting purposes Less: Excess of estimated over actual revenues applicable to current and prior years' taxes Net deficit charged against surplus Surplus appropriated in 1966: For current revenue For Uncollectible accounts Prior years' adjustments, etc. Total Deductions Balance, December 31, 1966 $ 15,000.00 5,000.00 $ 76,393.95 1,860.52 4,703.40 3,539.66 141,691.93 26,366.99 73,532.96 99,899.95 22 ,261.19. 77,638.76 20,000.00 6,427.08 $ 549,411.61 uzsz szr.�� 777,601.07 104,065.84 $ 673,535.23 7 TAX COLLECTION - DURING YEAR OF LEVY Yr.Ended Property Property Tax Tax Adjusted Dec.31 Tax List Rate per M Levy Levy 1957 124,358,000.00 City 23.95 140.45 3,454.28 150.11 Auditorium .65 19,519.28 5,310.75 37,346.66 TOTAL 24.60 35059,206.00 3,001,963.00 .958 123,095,900.00 City 25.38 As at December 31,1966 4 Auditorium .62 1958 TOTAL 26.00 3,200093.00 3,193,807.00 .959 125,001,800.00 City 25.40 1963 Auditorium .60 1965 1966 TOTAL 26.00 3,2503046.00 3,246,829.00 1960 126,7743100.00 City 28.42 Auditorium .58 TOTAL 29.00 33676;449.00 3,660;163.00 1961 127,261,300.00 City 30.63 Auditorium .57 TOTAL 31.20 3,970,553.00 33968,201.00 1962 140,068400.00 City 28.29 Auditorium .51 TOTAL 28.80 4,033,961.00 4,024,849.00 1963 139,702,300.00 City 29.70 Auditorium .50 TOTAL 30.20 492193010.00 4,208,149.00 1964 139,653,100.00 City 30.50 Auditorium .50 TOTAL 31.00 4029,246.00 43314,008.00 1965 141,359,000.00 City 31.51 Auditorium .49 TOTAL 32.00 4,523,488.00 40985527.00 1966 142,124,900.00 City 33.'93 Auditorium .47 TOTAL 34.40 43889,097.00 438793208.00 STATEMENT OF TAX DEEDS AND TAX LIENS Year Ended December 31, 1966 Years Balances 1965 Taxes Redeemed Property Title 1/1/66 Int. & Costs Taken by City Prior 1956 't L957 L958 1959 1960 L961 1962 1963 L964 1965 660.58 451.60 631.92 1,422.96 503.94 1,016.52 23612.99 140.45 3,454.28 150.11 10,610.65 1,344.95 19,519.28 5,310.75 37,346.66 21,780.47 98,704.61 44,302.29 77,727�T 98,70T.�1 73,532. 9 ANALYSIS OF TAXES RECEIVABLE As at December 31,1966 Year 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 0 Collections Percent, of in Yr.of Levy Collections 2,856,566.00 2,981,232.00 39057,818.00 3,442,169.00 396969342.00 3,775,249.00 3,937,823.00 4,031,279.00 45216,158.00 4,502,672.00 Titles Cancelled 32.61 33.30 41.21 10 Taxes,Uncollected 240.00 256.40 546.60 2,155.30 3,329.88 5,595.04 15,045.16 15,932.84 23,602.08 4Q4 72'� In 95,2 93.4 94.2 94.0 93.2 93.8 93.6 93.4 93.7 92.3 Balances 12/31/66 66'0.58 451.60 631.92 919.02 1,016.52 2,472.54 3,304.17 9,265.70 14,175.92 15,532.89 54,361.11 102,791.97 STATEMENT OF MUNICIPAL PROPERTY December 31, 1966 CLASSIFICATION Buildings Land Streets Sewers Sidewalks Bridges Retaining Walls Statues Electrical Street Signs TOTAL AMOUNT 9,981,670.00 1,967,020.00 4,425,452.00 3,934,748.00 411,644.00 749,350.00 164,020.00 210,000.00 345,556.00 8,964.00 $ 22,198,424.00 0 RESOURCES Cash on Hand & Deposits Petty Cash Travel Expense Advances Savings Accounts Securities Custody of Kirstein Fund Trustees Accounts Receivable Town Road Improvement Fund Taxes Receivable Taxes Receivable -Tax Deeds & Liens Accts. Receivable- Sewer Deeds Sewer & Street Assessments -Deferred Inventories Estimated Revenue City Property Tax Deeds Fixed Property To be Provided in Future Periods To be Pr6vided-Authorized Bond Issue - TOTAL RESOURCES COMBINED FUND BALANCE SHEET As at December 31, 1966 TOTAL General Capital Trust and Municipal Fund Improvement Agency Fund Debt Fund Fund 418,399.72 1449357.26 101,616.08 1729426.38 910.00 910.00 519.00+ 51.9.00 459548.66 45,548.66. 1,792,705.74 1065,785.41 426,920.33 255418.46 259418.46 183,750.57 183,750.57 19,450.08 19,450.08 450,436.444 450,436.44 102,791..97 102,791.97 755.69 755.69 135,433.96 135,433.96 111,926.14 111,926.14 2000,000.00 2000,000.00 7,295.61 22,198,424.00 7,067,000.00 7,067,000.00 1,400,000.00 1000,000.00 Fixed Asset Fund 7,295.61 22,198,424.00 36,360,766.04 1,150,331.11 3,867,401.49 670,313.83 8,467,000.00 22,205,719.61 Municipal Debt Fund 1,400,000.00 7,067,000.00 Fixed Asset Fund 22.9205,719.61 TOTAL LIABILITIES, RESERVES AND SURPLUS- 36060,766.04 1450,331.11 3,867,401.49 670,313.83 80675000.00 22,205,719.61 *Deduct COMBINED FUND BALANCE SHEET As at December 31,1966 TOTAL General Capital Trust and. LIABILITIES, RESERVES & SURPLUS Fund Improvement Agency Fund Fund Notes Payable 1,400,000.00 Bonds Outstanding 7,067,000.00 Assessments to be Levied - Future Periods 135,433.96 135,433.96 Appropriations ,2525,788.62 252,788.62 Off -Street Parking Fund 785.23 785.23 Police & Fire Services 631.50* 631.50* Motor Excise Tax Prepaid 31,642.61 31,642.61 Accounts Receivable Reserve 2,942.67 2,942.67 Employee Group Ins. Reserve 704.14 704.14 Town Rd.Improvement Reserve 19.,450.08 19,450.08 Encumbrance Reserve 3,8185654.11 204,041.24 3,6149612.87 Federal Educational Programs 79,249.58 79,249.58 Miscellaneous Reserves 670013.83 670013.83 Uncollected Taxes Reserve 3477.87 39177.87 Investment in Fixed Assets 22,205,719.61 Surplus Unappropriated 673,535.23 6739535.23 Municipal Debt Fund 1,400,000.00 7,067,000.00 Fixed Asset Fund 22.9205,719.61 TOTAL LIABILITIES, RESERVES AND SURPLUS- 36060,766.04 1450,331.11 3,867,401.49 670,313.83 80675000.00 22,205,719.61 *Deduct STATEMENT OF TRUST AND AGENCY FUND As at December 31,1966 Adams Bangor Children's Home Bangor Firemen's Relief Bangor Fuel Society Bangor High School 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 Assoc.for the Blind Pierce, Anna Hayford L.E. Sabine Stetson Missionary Stetson George T. Stodder Twitchell Fund Wakefield A.E. Webber, Jr. Scholarship Abbott Square - Federal Payment Cianchette Bros. - Escrow Account Miscellaneous Employee Deductions Employees' Retirement Hunting and Fishing Fees - State Withholding Tax - Federal Employees' Savings Bonds Employees' State Group Life Insurance Survivors' Benefit Miscellaneous Deposits United Fund State Sales Tax Workmen's Compansation Miscellaneous - School Dept. Plumbing Fees - State Firemen's Charity Fund Blue Cross TOTALS *Deduct Fund Balance Total Principal Income Fund 10,000.00 384.62 10084.62 40,000.00 644.26* 39.355.74 9,733.95 724.48 10,458.43 4,500.00 173.74 4,673.74' 200.00 176.74 376.74 12,000.00 138.33* 11,861.67 14,614.54 14,614.54 153,047.82 1539047.82 14,537.85 63268.85 20,806.70 3,000.00 116.18 31,116.18 13000.00 509.06 1,509.06 89500.00 411.06 8,911.06 100,000.00 153.78* 99,846.22 21,000.00 266.27 2,266.27 25,000.00 966.00 25,966.00 500.00 192.03 692.03 1,000.00 280.52 1,280.52 5,000.00 57.41* 4,942.59 25,418.46 33.33 25051.79 1,000.00 160.75 11160.75 5,732.84 924.49 6,657.33 1,000.00 749.88 1,749.88 2,000.00 19040.43 33040.43 37.13 37.13 4,000.00 153.88 4453.88 1,000.00 771.94 1,771.94 12,000.00 6,073.40 18,073.40 51000.00 192.31 5,192.31 11,000.00 423.93 11,423.93 766.83 123.49 890.32 10,000.00 389.19 109389.19 2,000.00 85.92 2,085.92 371,037.91 37,037.91 10,432.53 10,432.53 587.80 587.80 16,193.08 16,193.08 2016.33 21416.33 745438.27 745,438.27 29852.02 2,852.02 2,912.29 2,912.29 881.30 881.30 5,299.07 59299.07 204.20 204.20 14.27 14.27 1,309.64* 15,309.64* 3,642.15 3,642.15 93.89 93.89 213.00 213.00 8,217.23 8,217.23 635400.58 35,213.25 670,313.83 12 STATEMENT OF DEBT LIMIT AND BORROWING CAPACITY December 31,1966 Assessed Valuation April 1, 1966 Debt Limit (7V. of Valuation) 10,659,367.50 City of Bangor Liabilities . Bonded Indebtedness 7,067,000.00 Notes Payable 1,400,000.00 8,467,000.00 Net Borrowing Capacity FUTURE DEBT SERVICE ON PRESENT DEBT December 31,1966 Year Bond Bond Note Note Maturities Interest Maturities Interest 13 142,124,900.00 2,192,367.50 Total Future Debt Service 1967 473,000.00 217,943:00 1,400,000.00 60,219.00 24515162.00 1968 4635000.00 203,510.00 666,510.00 1969 4631000.00 189,407.00 652007.00 1970 463,000.00 175004.00 638,304.00 1971 463,000.00 1615201.00 624,201.00 1972 463,000.00 147,098.00 6103098.00 1973 4633000.00 132,995.00 595,995.00 1974 463,000.00 118,892.00 581,892.00 1975 4301000.00 104,78.9.00 534,789.00 1976 4305,000.00 91,247.00 5215247.00 1977 4305,000.00 77,705.00 5075705.00 1978 419,000.00 641163.00 483,163.00 1979 41_9,000.00 50,999.00 469,999.00 1980 3605000.00 383,135.00 3989135.00 1981 360,000.00 27,014.00 387,014.00 1982 305,000.00 159893.00 3205893.00 1983 90,000.00 6,442.00 96,442.00 1984 40,000.00 3,745.00 435745.00 1.985 30,000.00 2,530.00 32,530.00 1986 30,000.00 1,465.00 31,465.00 1987 105,000.00 400.00 109400.00 TOTALS 7;067,000.00 1,830,877.00 1,400,000.00 60,219.00 10,358,096.00 NET DEBT RATIO TO ASSESSMENTS AND NET DEBT PER CAPITA Net Net Debt Per Capita Debt Assessments Ratio to Net Debt Assessments Year 1956 1,702,500.00 40,858,960.00 ,04167 53.96 Year 1957 1,675,500.00 124,358,000.00 .01347 53.11 Year 1958 15493,000.00 123,095,900.00 .01213 47.32 Year 1959 2,1835000.00 125,0015800.00 .01746 69.19 Year 1960 25,3915000.00 126,7745100.00 .01886 61.38 Year 1961 2,581,000.00 12752615300.00 .02028 66.33 Year 1962 7,5065000.00 140,068,100.00 .05359 192.90 Year 1963 7,4135000.00 139,7025,300.00 ..05306 190.51 Year. 1964 7,402,000.00 1395653,100.00 .05300 190.22 Year 1965 75219,000.00 1.415359,100.00 ..05106 185.50 Year 1966 8,467,000.00 142,124,900.00 .05957 217.59 CITY OF BANGOR HOSPITAL & HOME DEPARTMENT Monthly Operating Statement Month of December, 1966 1966 OPERATING REVENUE;_ Budget Account This Year Last:.. Year Month To Date MontE To Date 7050 Hosp.Charges-Full Pay 78,000.00 10.,345.00 63,158.44 7051 Home Chgs.- Full Pay 45.50* 773.50 7053 Hosp.Chgs.:..Part:Pay-Indiv. 27,000.00 4,355.23 41,299.50 7054 Home Chgs.-Part Pay-Indiv. 7055 State Nursing Home Aid 76,000.00 8,205.76 7058 State Med. Aid for Aged -Hosp. 7094 City Hosp.Rental-Red.Cross TOTAL REVENUE 181,000.00 22,860.49 OPERATING EXPENSE; Account 40-01-01 Personal Services 40-01-02 Supplies 40-01-03 Contractual Services 40-01-04 Communications 40-01-05 Fuel & Utilities 40-01-06 Equipment Costs SUB TOTAL 40-01-98 Credits-Hosp(Deduct) 40-01-99 Credits-Home(Deduct) TOTAL OPERATING EXPENSE NET INCOME *Loss 167,792.00 18,975.31 569225.00 6,016.25 19,.303.00 2,770.70 820.00 18.70* 6,950.00 778.49 409.00 88.00 251,499.00 28,610.05 92,336.80 3,386.00 200,954.24 183,620.92 67,881.86 19,939.50 1,017.86 6,594.71 351.00 279,405.85 59,000.00 6,349.07 49,205.95 3,000.00 396.50 2,372.50 189,409.00 2.1,864.48 227,827.40 8,628.40 227.50 4,184.18 7,522.69 20,562.77 15,042.99 6,575.99 1,439.73 192.35 1,215.82 24,466.88 4,902.85 201.50 10, 362..53 P,4. 65,727.11 1,136.00 31,276.87 104.00 75,745.96 Qnn nn 174,289.94 159,229.24 61,872.11 16,133.17 824.22 6,737.41 443.-40 245,239.55 57,422.24 2,372.50 18,,5,444. 81 8,499.00* 996.01 26,873.16* 1,200.24 11,154.87* OPERATING.REVENUE: 5010 .Membership -Resident 5011 Membership -Non Resident 5012 Greens Fees 5013 Locker Rental TOTAL OPERATING REVENUE OPERATING EXPENSE: 47-01-01 Personal Services 47-01-02 Supplies 47-01-03 Contractual Services 47-01-04 Communications 47-01-05 Fuel & Utilities 47-01-06 Equipment Costs TOTAL OPERATING EXPENSE OPERATING PROFIT *Loss CITY OF BANGOR 22,145.38 15 MUNICIPAL GOLF COURSE 234.51 5,788.68 Monthly Operating Statement 1,650.00 8.00 Month of December, 1966 1,787.35 200.00 1966 This Year Last Year Budget Month To Date Month To Date 179400.00 20,077.00 8.00 14,696.00 4,775.00 1,295.00 37,253.00 2,753.00 255500.00 22,761.00 32,292.51 24,436.50 300.00 244.50 460.72 475975.00 44,377.50 8..00 42,346.22 22,583.00 1,439.10 22,145.38 899.50 19,616.28 8,980.00 234.51 5,788.68 66.54 7,170.68 1,650.00 8.00 2,685.46 22.69 1,787.35 200.00 17.20 241.00 19.00 201.04 2,900.00 407.12 29597.47 179.20 3,000.35 940.00 4.00 393.07 9.10 516.81 37,253.00 2,109.93 33,851.06 1,196.03 32,292.51 10,722.00 2,109.93* 10,526.44 1,188.03* 10,053.71 OPERATING REVENUE: 5020 Building Rental 5029 Concessions TOTAL OPERATING REVENUE OPERATING EXPENSE: Administration & Operation 51-01-01 Personal Services 51-01-02 Supplies 51-01-03 Contractual Services 51-01-04 Communications 51-01-05 Fuel.& Utilities 51-01-06 Equipment Costs SUB TOTAL CONCESSIONS 51-02-02 Supplies 51-02-03 Contractual Services SUB TOTAL TOTAL OPERATING EXPENSE OPERATING PROFIT *Loss CITY OF BANGOR AUDITORIUM DEPARTMENT Monthly Operating Statement Month of December, 1966 1966 Budget 21,000.00 18,000.00 39,000.00 24,035.00 1,950.00 5,045.00 600.00 13,050.00 210.00 44;890.00 This Year Month To Date, 1,097.34 19.,202.99 1,257.24 175,013.98 2,354.58 36,216.97 16 Last Year Month To Date - 915.78 18,053.96 1,128.85 155445.46 2,044.63 33,499.42 2,734.73 22,566.13 2,739.91 23,564.48 176.00 1,786.77 174.99 2,473.46 72.78 6,730.26 364.77 55,250.25 56.30 551.10 39.70 574.50 2,472.52 9,069.49 2,561.79 10,244.52 39.27 126.97 9.12 173.59 5,551.60 40,830.72 5,890.28 42,280.80 7,790.00 863.50 8,131.47 798.08 7,581.34 2,235.00 212.68 1,995.45 198.50 2,061.55 10,025.00, 1,076.18 10,126.92 996.58 9,642.89 54,915.00 6,627.78 50,957.64 6,886.86 51,923.69 15,915.00* 4,273.20* 14,740.67* 4,842.23* 18,424.27*