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1964ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED DEC. 31® 1964 B R O O K S & C A R T E R Certified Public Accountants 84 Harlow Street Bangor, Maine 04402 Telephone 942-6737 February 15, 1965 Members in Council City of Bangor Maine Gentlemen: We have examined the following financial statements of the City of Bangor for the year ended December 31, 1964: 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 standards and accordingly included such tests of.the accounting records and such other auditing procedures as we considered necessary in the circumstances. Each individual property owner must share in the cost of sewers installed by the City of Bangor that service his property. In certain cases, however, the charge is not levied by the City until the property owner connects his property to the sewage system. These charges that had been incurred but not levied were accounted for through memorandum records only. It was felt by City officials that better accounting control over these charges could be maintained if the charges were actually recorded in the books of account. Accordingly, in 1964, the accumulated charges were recorded as a deferred receivable with an offsetting reserve that will be brought into revenue as the charges are lev- ied. In our opinion, the foregoing statements present fairly the financial position of all funds of the City of Bangor at December 31, 1964, and the results of opera- tions 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, except for the -change, of which we approve, in accounting for sewer construction costs that have not been levied against property owners as more fully explained above. Respectfully submitted, Certified 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 Surplus 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 (Auditorium) 1 2 & 3 4 5 6 7 8 8 8 9 13 13 13 14 15 ASSETS CASH ON HAND AND DEPOSITS CASH ADVANCES AND WORKING FUNDS Petty Cash Postage Fund 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, 1964 960.00 500.00 65,402.91 865.85 16,644.88 57,701.39 LIABILITIES, RESERVES & SURPLUS 327,762.76 LIABILITIES Prepaid.1965 Auto Excise Tax ASSESSMENTS TO BE LEVIED -FUTURE PERIODS 1,460.00 RESERVES 339,960.88 Encumbrances Off -Street Parking Police & Fire Services Town Road Improvement School Nat.Def. & Training Act Uncollected Taxes Accounts Receivable Employees' Group Insurance 140,615.03 223,521.09 598.69 49,821.03 2,623,15 25,202.19 7,776.36 63,021.42 1,096,341.18 SURPLUS Cash Unrealized 191,892, 45 27,104.60 18. 26* 16,644, 88 30,764,13 4, 537.11 5,408,18 8.029.73, 69,990.11 492,030:49 TOTAL LIABILITIES, RESERVES & SURPLUS 26,436,67 223,521.09 284,362.82 562, 020.60 1096041.18 STATEMENT OF REVENUE -ESTIMATED AND A C T U A'L TAXES -CURRENT YEARS LEVY Real Property Personal Property Polls Total Taxes - Current Year's Levy TAXES -PRIOR YEARS & OTHER LOCAL Taxes -Prior Years Levies Tax Deeds & Sale of Property Other Local Taxes & Penalties Total Taxes Prior Years & Other Local 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 Total Use of Money & Property FROM OTHER AGENCIES State Shared Taxes State Grants in Aid Federal Grants in Aid Payments in Lieu of Taxes Advance Planning Grants Total from Other Agencies For the Year Ended December 315 1964 Estimated Revenue Cash Revenue Billed and Receipts Uncollected 3,549,103.00 780.J43.00 17,286.00 49346,532.00 250, 000. 00 40, 000. 00 312,000.00 602,000.00 220,206.94 68,410. 78 6,159.00 294,776.72 393351586.84 695, 692. 62 11,808.00 4, 043, 087. 46 186,879. 08 92,145.76 340,301.81 619,326.65 Total Revenue 3,555,793.78 764,103. 40 17,967. 00 413379864.18 1869879.08 92,145.76 340,301. 81 619,326.65 Excess or Deficiency* 6,690.78 16,039.60* A Q 1 nn 0 5100 /. 0L" 63,120.92* 52,145. 76 28,301.81 17,326.65 60,000.00 615,641.51 61,641.51 1,641.51 95.00 120.00 120.00 25.00 1,810. 00 1,760. 00 1,760. 00 50.00* 39420.00 3045.50 35445.50 25.50 605.00 724.00 724.00 119.00 510.00 1,690.00 2,128.00 3,818.00 39308.00 4,700.00 4,034.37 4,034.37 665.63* 71,140.00 19690.00 73,853.38 75,543.38 4,403.38 48,000.00 48 , 000. 00 40,250. 00 20, 000. 00 42,200. 00 102,450. 00 88,000.00 524,699.00 510,033. 00 1,774. 00 36.000.00 1,160, 506. 00 30.00 225.00 255.00 200.00 200.00 42 3089. 00 42,089. 00 61, 921. 95 14,431.10 39;041.83 115,394.88 91,863.29 397,805.82 561,916.90 1,773.60 32.217.57 1, 085, 577.18 423089.00 42, 089. 00 61,921.95 14, 461.10 39, 266.83 115,649. 88 91,863.29 398, 005.82 561, 916.90 1,773.60 32 ,217.57 1, 085, 777.18 5, 911. 00* 5,911.00* 21,671.95 5,538.90* .2,933. 17* 13,199. 88 3,863.29 _126,693.18* 51,883. 90 . 40* 3,782, 43* 74,728.82* ND S T A T E M E N T O F REVENUE E S T IMATED A.N D AC TUAL For the Year Ended December 31, 1964 Estimated Revenue Cash Total Excess or Revenue Billed and Receipts Revenue Deficiency* Uncollected CHARGES FOR CURRENT SERVICES General Government 14, 775. 00 12, 799. 91 12, 799. 91 Safety 5,232.00 140.00 6,649.53 6,789.53 Highway 10,100. 00 155.24 65246.80 6,402, 04 Sanitation 5,880.00 15537.74 8,702.88 105,240.62 Health 3000.00 00 3,108.50 3,108. 50 Hospital 177,900.00 3,746. 94 164q867.31 168,614, 25 Schools 32,800. 00 12,446, 04 14,629. 38 27,075, 42 Cemeteries 8,700. 00 30.00 11,464.42 115494.42 Dow Field Playground & Miscl. 2,073.00 1069.39 15,069.39 Public Buildings 15,600,00 135.00 14,967.62 15,102.62 Total Charges for Current Services 276,060.00 18490.96 244,505.74 262,696.70 TRANSFERS FROM OTHER FUNDS Surplus Garland St. Field Fund Public Works Equipment Reserve Off-street Parking Fund Total Transfers from Other Funds REINBURSEMENTS General Government Welfare Public Safety Electrical & Public Works Total Reimbursements GRAND TOTAL - REVENUE *Deduct 280, 000. 00 1,200.00 60,000. 00 60.000. 00 401,200. 00 79,699.00 18,200. 00 502,151. 00 600,050. 00. 3,963.75 499.12 24 ,119. 32 28,582.19 280,000. 00 64,855.79 60x000,00 404,855.79 80,542.88 16,192,15 1,587. 58 204.611.06 302,933.67 280,000.00 64,855. 79 608000. 00 404,855.79 84,506.63 16,691.27 1,587. 58 228.730. 38 331,515.86 1,975. 09* 1,557.53 3,697.96* 49360.62 108.50 9,285, 75* 5,724.58* 2P794.42 1,003.61* AQ? RRA' 1,200. 00* 4,855.79 3,655. 79 4,807.63 1,508.73* 1, 587. 58 273.420.62* 2689534,14* 79607,938.00 343,694.87 6031,623,75 7,275,318.62 332,619.38* W GENERAL FUND (OPERATING) APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES For the Year Ended December 31,1964 DEPARTMENT OR APPROPRIATION TITLE Appropriation Other Total Disbursements Encumbrances Credits Available Legislative Executive City Clerk Finance Registration of Voters Assessment Treasury Purchasing Planning Legal Engineering Personnel Civil Service Commission Econonomic Development Police Fire Electrical Sealer of Wts.& Measures Inspection Civil Defense .Hospital Health Welfare Recreation Public Buildings Municipal Auditorium Public Works Harbors & Wharves Pensions Contingent Debt Service County Tax Education Public Library 5,950.00 27,426.00 31,651.00 58,913. 00 11, 795. 00 40,405. 00 31,885. 00 11,876.00 49, 065.00 14,185. 00 78,025.00 9,056.00 500.00 17,047. 00 362,597.00 486,436.00 59,877.00 50.00 26, 255.00 1,050.00 1729309.00 71,063.00 138,245.00 91,057..00 32, 315. 00 67,155. 00 591,176.00 4,115.00 162, 300.00 ,2,550. 00 360,423.00 88, 920.00 3,1559146.00 82, 904. 00 4, 800. 00 1, 500. 00 400.00 69300.00 6,000. 00 42,068.85 5,950. 00 27,426. 00 31,651.00 58,913.00 11, 795. 00 40,405. 00 31, 88 5.00 11,876.00 53,865.00 14,185. 00 78,,025. 00 10, 556. 00 500.00 17,447. 00 362, 597. 00 486,436.00 59,877.00 50.00 26,255. 00 1,050. 00 1.72, 309. 00 71, 063.00 138,245. 00 97,357.00 32, 315. 00 67,155.00 591,176.00 4,115. 00 168000.00 2,550.00 360,423. 00 88,920.00 311979214.85 82,904. 00 5,679. 72 27_,134.93 29,038.20 54, 969.65 11,821.34 39,438.04 30,685. 64 11,273. 52 53,827.14 13, 550.48 70,290. 74 10,788.46 21.61 15,839. 72 345, 084. 54 477,456. 57 52, 560.05 23,682.15 484.29 171,134.91 53,951.24 129,290. 68 97,038.81 29,072.12 64,903. 11 589,053.00 2,835.48 166,881. 35 362,4.55.59 88,920.00 3,115,310. 74 82,904.00 43.00 179.41 41.16 43.00 43.00 88.25 61.66 3.94 57.74 .80 2097. 85 1,363. 55 613.14 418.00 1,439.85 215.15 51.85 1, 272.18 778.30 18,776.07 Total Disbursements & Encumbrances 5,679. 72 27,177.93 29,217.61 55,010.81 11,864.34 39,481.04 30,773.89 11,335.18 53,831. 08 13,550.48 705134&48 10,788.46 21.61 15.51840. 52 347,582.39 478,820.12 53,173.19 24,100.15 484..29 172p574.76 54,166. 39 129,342.53 97;038.81 30,344.30 64,903.11 589. 831..30 2, 835.48 166,881.35 362,455.59 88,920. 00 31134,086.81 82, 904. 00 Unexpended Approp. 270.28 248.07 2,433. 39 3, 902.19 69, 34* 923.96 1,111.11 540.82 33.92 634.52 7,676. 52 232.46* 478.39 1,606.48 15 , 014. 61 7,615.88 6,703.81 50.00 2,154.85 565.71 265. 76* 16,896.61 8,902.47 318.19 1,970.70 2,251.89 1,344.70 1,279.52 1,418.65 29550. 00 2,032.59* 63,128.04 TOTAL OPERATING BUDGET 6043,722.00 61,068.85 6,404,790.85 6,227,377.82 27,987.90 69255065.72 149,425.13 *Deduct GENERAL FUND ( OUTLAY ) APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES For the Year Ended December 31,1964 DEPARTMENT OR APPROPRIATION TITLE Appropriation . Other Total Disbursements Credits Available Executive 410.00 628086.05 410.00 410.50 City Clerk 700.00 65,404,790.85 700.00 156.00 Finance 900.00 390.00 19290.00 980.24 Registration of Voters 135.00 135.00 31.32 Treasury 275.00 275.00 361.14 Purchasing 30.00 250.00 280.00 31.32 Planning 15,000.00 1,000.00 Engineering 379170.00 37,170.00 33.1256.54 Personnel 900.00 900.00 707.22 Economic Development 2,650.00 25,650.00 1,300.78 Police 15, 350. 00 15, 350. 00 13,100<94 Fire 3,129. 00 3429.00 1,466. 71 Electrical 77, 968. 00 24,400. 01 102, 368. 01 43, 980.85 Sealer of Wts. & Measures 50.00 50.00 Inspection 100.00 100,00 Civil Defense 5,000.00 5000.00 495.00 Hospital 15700.00 1,700.00 1,039. 14 Health 19260.00 15,260.00 964.19 Welfare 29500.00 70.00 29570.00 21195.52 Recreation 3_,405.00 3005.00 3,073.76 Municipal Auditorium 3,650.00 7,000.00 10,650.00 8,831.15. Public Works 754,108.00 1215199°80 8759307.80 51.65,103.73 TOTAL OUTLAY BUDGET 9129390.00 TOTAL OPERATING BUDGET 651343,722.00 TOTAL, APPROPRIATION ACCTS, 7,256.112.00 RESERVE 250,000.00 OUTLAY 321%392.00 RECREATION DISTRICT TAX 69,434.00 TOTAL BUDGET REQUIREMENTS 7,607,938.00 *Deduct I , o Encumbrances Total Disbursements & Encumbrances 410.50 544.00 700.00 980.24 31.32 361.14 46.30 77.62 768.75 21.10 19300. 00 989.72 32,263.71 59.35 660.86 277.74 126, 973. 02 34,025.29 728.32 2,600. 78 13!1100.94 2,456.43 76,244. 56 59.35 495.00 1,700.00 964.19 2,473..26 39073.76 8,831.15 643, 076.75 Unexpended Approp. . 50* � 309.76 103.68 86.14* 202.38 19000.00 39144.71 171.68 49..22 2,249.06 672.57 26,123.45 50.00 40.65 4,505.00 295.81 96.74 331.24 1,818. 85 232,231.05 153009.81 110651699.81 628086.05 163,904.55 792.9390.60 273,309.21 61068.85 65,404,790.85 6,227,377.82 27,987.90 69255065,72 149,425.13 214,378.66 7,470,490.66 6,855,863.87 250000.00 250,000.00 329392.00 32,392.00 69,434.00 699434.00 2149378.66 718221316.66 792079689.87 191,892.45 191,892.45 7,047,756. 32 250, 000. 00 32,392,00 69,434.00 793999582.32 422,734.34 422.734.34 1 CAPITAL IMPROVEMENT FUND APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES As at December 31,.1964 APPROPRIATION TITLE 1964 Other Total Disbursements Total Appropriation Credits Available Disbursements & Encumbrances Stillwater Park -Urban Renewal 1519472,21 1519472.21 59,309.98 151,472.21 Automatic Generator 40'9480.00 405,480.00 40,480.00 409480.00 Swimming Pool - West Side -10.00 80,000.00 80010.00 79.,910.00 80010.00 Municipal Golf Course 84,990,00 1653000.00 249,990.00 248,628.02 249,990.00 Kenduskeag Stream Project 445,402.93 445002.93 418,504,85 445,402.93 Broadway Widening 112,525.76 112,525.76 1129520,48 112,525.76 Kenduskeag Stream Interceptor Sewer 296,641.51 296,641.51 1,612,75 2965641.51 High .School Construction 400000.00 3,136,436.66 31536,436.66 3,429,310,30 39536,436.66 TOTALS 485,000.00 4027,959.07 4,912,959.07 49390,276.38 4,912,959.07 CITY OF BANGOR ANALYSIS OF UNAPPROPRIATED SURPLUS - GENERAL FUND FOR THE YEAR ENDED DECEMBER 311, 1964 Balance, January 1, 1964 Additions Excess of appropriations over expenditures $422,734.34 Unexpended balance of closed Capital Improvement Fund projects Supplemental levy of taxes Proceeds from sale of city -owned property Prior years' adjustments Total Additions Sub -total .Excess of estimated over actual revenue's Add: Collection of prior years' tax liens included in 1962 revenues for budgetary purposes Less: Excess of estimated over actual revenues applicable to current and prior years' taxes Net deficit charged against surplus Surplus appropriated for current expenditures: Amount included in 1964 budget Additional amounts required to meet unexpected costs: Public Works Recreation. .Planning Pensions Provision for uncollectible accounts receivable $280, 000.00 52,000.00 6, 300. 00 44,800. 00 6, 000. 00 12,700.36 2;480.50 2,206. 00 28,640.49 332 , 619. 38 92,145.76 424,765.14 71.788.74 352,976..40 349,100.00 10.000. 00 $ 8055,335.31 468,7.61.69 1, 274., 097.;00 Total Deductions. .712.,076.40 Balance, December 31, 1964 $ 562,02'0.60 7 TAX COLLECTION 8 DURING YEAR OF LEVY Yr,Ended Property Property Tax Tax Adjusted Collections Percent,of Dec.31 Tax List Rate per M Levy Levy In Yr. of Levy Collections 1955 40,227, 790.00 City 60.75 Auditorium 1.65 TOTAL 62.40 2,510,214.00 2,5069641.00 294535226.00 97.9 1956 40,858,960.00 City 64.60 Auditorium 2.00 TOTAL 66. 60 29721,206.00 2,7105354..00 2,650,278. 00 97.8 1957 124058,000.00 City 23.95 Auditorium. .65 TOTAL 2.4.60 39059,206.00 3,001,963.00 2,856,566.00 95.2 1958 123,095,900.00 City 25.38 Auditorium .62 TOTAL 26, 00 3,2005493.00 391931P807.00 2,981,232. 00 93.4 1959 125,0015800.00 City 25.40 Auditorium .60 TOTAL 26.00 3,250,046.00 31246,829.00 3,05751818.00 94.2 1960 12657741,100.00 City 28.42 Auditorium .58 TOTAL 29.00 356767449.00 35660463.00 35442,169.00 94.0 1961 1275261,300.00 City 30.63 Auditorium .57 TOTAL 31,,20 3,970,553.00 39968,201.00 3,696,342.00 93.2 1962 1405068,100.00 City 28..29 Auditorium .51 TOTAL 28.80 45033,961.00 4,024,849.00 3,775,249.00 93.8 1963 139,702,300.00 City 29.70 Auditorium .50 TOTAL 30.20 4,219,010.00 49208,149.00 3,9375,823.00 9.3.6 1964 139,6535100.00 City 30.50 Auditorium .50 TOTAL 31.00 4,329,246.00 4014,008.00 450311,279.00 93.4 STATEMENT OF TAX DEEDS AND TAX LIENS Year Ended December 31, 1964 Years Balances 1963 Taxes Redeemed Property Titles Cancelled Balances 1/1/64 Int. & Costs Taken by City 12/31/64 1949 20.65 20.65 1950 55.99 20.52 35.47 1951 106.53 66.35 40.18 1952 151.67 63.24 88.43 1953 169.07 70.47 98.60 1954 196.72 42.67 11.10 142.95 1955 307.89 41.76 11.18 254.95 1956 762.54 53.30 96.31 612.93 1957 1,074. 34 175.93 205.88 692.53 1958 24077.87 346.48 244.69 15486.70 1959 2,265.10 15003.01 171.99 1,090.10 1960 13, 892.27 10,146.14 154.35 3, 591. 78- 1961 19,448. 55 13:1680.94 164. 38 5,653.23 1962 429721.61 26,834.80 172.90 15,713.91 1963 74,888.33 38,807.19 179.99 35,901.15 TOTALS 83.9250.80 749888.33 913,323.45 1012.77 65,402.91 Year ANALYSIS OF TAXES RECEIVABLE Taxes Uncollected 1957 As at December 31,1964 385,27 1958 570.00 1959 4,294. 58 1960 3,666.60 1961 41914.77 1962 ..9p563.07 1963 21,789.87 1964 294, 776. 72 TOTAL 339,960,88 STATEMENT OF MUNICIPAL PROPERTY December 31, 1964 CLASSIFICATION AMOUNT Buildings 9,901,660.00 Land 1,967,020.00 Streets 4012,927.00 Sewers 331489,345.00 Sidewalks 4119644.00 Bridges 7499350.00 Retaining Walls 164,020.00 Statues 210000.00 Electrical 345,556..00 Street Signs 8,964.00 TOTAL 211%560,486.00 N N 0 COMBINED F U N D BALANCE SHEET As at December 31, 1964 TOTAL General Capital Trust and Municipal Fixed Fund Improvement Agency Debt Asset RESOURCES. Fund Fund Fund Fund Cash on Hand and Deposits 419,542.07 328,722.76 185,.31 90,634.00 Postage Meter Fund 500.00 500.00 Savings Accounts 44.,048.66 44,048.66 Securities 962,054.69 4959503.00 466,551.69 Custody of.Kirstein Fund Trustees 20,407.64 209407.64 Hersey Fund Invest.in City Hall 1009000.00 100,000,00 Accounts Receivable 57,983.27 57,701.39 281.88 Town Road Improvement Fund 16,644.88 16,644.88 Taxes Receivable 339,960.8.8 339,960.88 Taxes Receivable -Tax Deeds and Liens 65002.91 651402.91 Accts. Receivable.- Sewer Deeds 865.85 865.85 Street & Sewer Assessments -Deferred 223,521.09 2239521.09 Inventories 63,021.42 63021.42 City Property Tax Deeds 79938.57 79938.57 Fixed Property 21,560,486.00 21,5609486.00 To be Provided in Future Periods 731402,000.00 794029000.00 TOTAL RESOURCES 31,2849377.93 1,0969341.18 4959970.19 7219641.99 79402000.00 21,5689424.57 N 0 COMBINED FUND BALANCE SHEET As at December 31,1964 TOTAL LIABILITIES, RESERVES AND SURPLUS - 31 284 377.93 1,096,341.18 495,970.19 721,641.99 7,402000. 00 -.:.21;568',424; 57 *Deduct H N TOTAL General Capital Trust and Municipal Fixed Fund Improvement Agency Debt Asset LIABILITIES, RESERVES Fund Fund Fund Fund AND SURPLUS Notes Payable 8,000.00 89000.00 Bonds Outstanding 7,3949000.00 79394000.00 Motor Excise Tax Prepaid :.26036.67 261%436.67 Assessments to be Levies in Future Periods 223,521.09 223,521.09 Off -Street Parking Fund 27,.104.60 27,3104.60 Police and Fire Services 18.26* 18.26* School National Defense and Training Act 30,764.13 30,764.13 Accounts Receivable Reserve 5,408.18 51408.18 Employee Group Insurance Reserve 85P029.73 85029.73 Town Road Improvement Reserve 16,644.88 169644.88 Encumbrance:Reserve 6879862.64 191,892.45 495,970.19 Miscellaneous Reserve 721,641.99 721,641.99 Uncollected Taxes Reserve 4,537.11 4,537.11 . Investment in Fixed Assets 21,568,424.57 21 568 424.57 Surplus Unappropriated 562020.60 562020.60 TOTAL LIABILITIES, RESERVES AND SURPLUS - 31 284 377.93 1,096,341.18 495,970.19 721,641.99 7,402000. 00 -.:.21;568',424; 57 *Deduct H N 12 STATEMENT OF TRUST AND AGENCY FUND As at December 31,1964 *Deduct Fund Balance Total FUND Principal Income Fund Adams 101"000. 00 390.85 10, 390.85 Bangor Children's Home 40,000,00 436.60* 39,563.40 Bangor Firemen's Relief 10,733,95 641.46 11075.41 Bangor Fuel Society 4,500,00 175.88 4,675.88 Bangor High School Loan 200.00 160.62 360,62 Bangor Mechanic Association 125000,00 130.95* 11,869.05 Bass Park 9077.45 9,377.45 Cemeteries 137.,024,78 5038.63 142063.41 Arthur Chapin 14,537,85 5,096.64 19,634,49 Thomas U. Coe 31000.00 117.26 3,117.26 Hiram H. Fogg 19000.00 428.43 1028;43 French Medal 7,750, 00 50.7.28 8,257.28 Hersey 100,000, 00 100000.00 Holton Public School -2.,000.00 105.01 2405.01 Ho -"me for Aged Women 25,000, 00 977.15 25,977.15 Kirstein-City Hospital & Home .500,00 151.70 651.70 Kirstein Missionary 1,000, 00 284.89 1,284.89 Kirstein Scholarship 53000.00 54.58* 4,945.42 Kirstein Student. Loan 23;407;64 235,407.64 Morey, Arthur J. 1,000-00 .00 80..12 1080.12 Melvin M. Murch 5,732, 84 462,26 6,195.10 O'Connell Trust 1000,00 669.25 1,669.25 Hiram P. Oliver -2,0.00_, 00 879.17 2,879.17 Penobscot Assoc, for the -Blind .214.13 214.13 Pierce, Anna Hayford 4,000,00 156.34 4,156.34 L.E. Sabine 1,000, 00 69.1.31 1,691. 31 Stetson Missionary 12,000.00 6,236.51 18,236,51 Stetson 55000,.00 195.42 5,195.42 George T. Stodder 11,000, 00 429.95 119429.95 Twitchell Fund 766.83 61.70 828.53 Wakefield 10, 000, 00 390.85 .109390. 85 A. E. Webber, Jr. Scholarship .2, 000, 00 74.66 .2, 07,4.66 Abbott Square - Federal Payment 141,271.23 141,271.23 H. Rankin Grant - Escrow Account 369,99 369.99 Cianchette Bros.- Escrow Account 109.000.00 109000.00 Miscellaneous Employee Deductions 13209.29 1,209.29 Employees' Retirement 17,890.21 17,890.21 Hunting and Fishing Fees - State 1,648,10 1,648.10 Withholding Tax - Federal 44,551.55 44,551.55 Employees' Savings Bonds 2,842,75 2,842.75 Employees' State Group Life Insurance 3,759.08 3,759.08 Survivors' Benefit 976,10 976.10 Miscellaneous Deposits 754.07 754.07 United Fund 274.10 274,10 State Sales Tax 52,57- 52.57 Workmen's Compensation 7,699.64 7,699.64 Miscellaneous - School Dept. 1,516,63 1,516.63 TOTALS 6879813.34 339828.65 7219641.99 *Deduct 11 13 STATEMENT OF DEBT LIMIT AND BORROWING CAPACITY December. 31., 1964 Assessed Valuation April 1, 1964 139,653400.00 Debt Limit (72% of Valuation) 1.0,473,982.50 City of Bangor Liabilities Bonded Indebtedness 7094,000.00 Notes Payable 8000.00 7002000.00 Net Borrowing Capacity 35071,982,50 FUTURE DEBT SERVICE ON PRESENT DEBT December 31, 1964 Total Year Bond Bond Note Note Future Maturities Interest Maturities Interest Debt Service 1965 494,000.00 223,759.00 4,000, 00 165.00 -,721.,924..00 1966 443,000.00, 209,611.00 4,000.00 55.00 656,666.00 1967 443, 000. 00 196,243.00 6 39, 243. 00 1968 4331000. 00 182075.00 615,875. 00 1969 433,000. 00 169,837.00 602,837. 00 1970 433, 000. 00 156,799.00 589,799.00 1971 433,000.00 143,761.00 576,761.00 1972 433, 000. 00 130, 723.00 563, 723.00 1973 4339000. 00 117,685.00 550,685. 00 1974 4331000. 00 1049647.00 537,647. 00 1975 400,000.00 91,609.00 491,609.00 1976 400,000.00 '.79432.00 479,132..00 1977 400,000.00 66,655.00 4665655.00 1978 389,000.00 54,178.00 443,178.00 1979 389,000.00 42,079.00 431,079.00 1980 330,000.00 30,280.00 360,280.00 1981 330,000.00 20,224.00 350,224.00 1982 275,000.00 10,168.00 285,168.00 1983 60,000. 00 1,782. 00 61,782. 00 1984 10,000.00 150.00 _ 10,150.00 TOTALS 71394,000.00 2,032,197.00 8,000, 00 220,00 9,4341417.00 NET DEBT RATIO TO ASSESSMENTS AND NET DEBT PER CAPITA Net Net Per Capita Debt Assessments Ratio to Net Debt Assessments Year 1955 1,6431500.00 409227,790.00 .04085 52.09 Year 1956 1,702,500.00 40,858,960.00 .04167 53.96 Year 1957 1,675,500.00 124058,000.00 .01347 53.11 Year 1958 1,493,000.00 1239095,900.00 .01213 47.32 Year 1959 2,183,000.00 125,001,800.00 .01746 69.19 Year 1960 2,391,000.00 1269774,100.00 .01886 61.38 Year 1961 2,.581,000.00 1279261,300.00 .02028 66.33 Year 1962 7,506,000.00 140,068,100.00 .05359 192.90 Year 1963 70131000.00 139 702 300.00 05306 190.51 Year 1964 7002,000.00 139 653 100.00 .05300 190.22 14 CITY OF BANGOR HOSPITAL & HOME DEPARTMENT Monthly Operating Statement Month of December 1964 *Loss 1964 This Year Last Year Budget Month To Date Month To Date OPERATING REVENUE: ACCOUNT. 6051 Hosp. Charges- Full Pay Cases 82.,000.00 346.50 73,299.38 59505.50 719856.32 6053 Hosp. & Home- Miscl. 100.00 101.00 6054 Hosp. Chgs. Part Pay-Indiv. 26000.00 1,467.82 229280.37 1,436.17 21033.10 6055 Home Chgs. Part Pay-Indiv. 1,600.00 182.00 740.00 62.00 820.00 6056 Hosp; - State Nursing Aid 67,000. 00 63.27* 71,173.05 5,999. 32 571700.69 6058 Hosp. Med. Aid- Acute - State 510.00 6059 Hosp. State Med. Aid for Aged 1,200.00 1,121.45 612.00 6095 Hosp. -& Home Rental 900.00 75.00 900.00 75.00 900.00 TOTAL REVENUE 178,800.00 2,008.05 169,514.25 13,077.99 153,933.11 OPERATING EXPENSE: ACCOUNT 40-0-1 Personal Services 146,080.00 13,861.78 142,297.39 11,183.91 135,592.33 40-0-2 Supplies 51,525.00 41671.78 49,374.05 41586.83 509925.34 40-0-3 Contractual Services 151380.00 1,551.20 17,904.45 765.69 16,656.31 40-0-4 Communications 800.00 312.61 1026.11 61.10 787.44 40-0-5 Fuel & Utilities 89100.00 975.44 7,406.05 958.77 .7,414.51 40-0-6 Equipment Costs 424.00 32.40 391.25 30.32 403.64 SUB TOTAL 222,.309:00 21,405.21 218,399.30 17,586.62 211,779.57 40-0-98 Credits- Hosp. (Deduct) 48.,000.00 4067.73 42,854. 04 2,559. 08 33,569. 57 40-0-99 Credits -Home (Deduct) 2,000.00 201.50 2,970.50 93.00 1,215.00 TOTAL OPERATING EXPENSE 172, 309. 00 17,135.98 172, 574. 76 14, 934. 54 176, 995. 00 NET INCOME 6,491.00 15,127.93* 3,060.51* 1,856.55* 23,061.89* *Loss OPERATING REVENUE: 4075 Building Rental 4076 Basketball Floor 4077 Rough'Floor 4088 Concessions TOTAL OPERATING REVENUE OPERATING EXPENSE: Administration & Operation 51-1-1 Personal Services 51-1-2 Supplies 51-1-3 Contractual Services 51-1-4 Communications 51-1-5 Fuel & Utilities 51-1-6 Equipment Costs SUB TOTAL CONCESSIONS 51-2-2 Supplies 51-2-3 Contractual Services SUB TOTAL TOTAL OPERATING EXPENSE OPERATING PROFIT *Loss CITY OF BANGOR AUDITORIUM DEPARTMENT Monthly Operating Statement Month of December,1964 1964 This Year Budget Month To Date 24, 000. 00 1,797.80 400.00 .800. 00 17,000.00 748.54 421200.00 2,546.34 20,880.00 1,810.00 5,575. 00 500.00 13,275.00 ,n„ 8,460. 00 2,775. 00 11,Gdo. UU 53,465.00 2,545. 38 219.43 322.79 44.25 3,337. 23 18.60 6,487.68 804. 16 168.20 972. 36 7,460. 04 15 Last Year Month To Date 21,236.03 1, 044. 00 189137.28 180.00 144.00 396.00 300.00 240.00 720.00 17,550.80 2,230..05 161125.91 39.,266.83 31658.05 35,379.19 21,018.49 2,151.60 , 20,981.20 1,898.27 289.96 1,312.23 5,188.01 111.06 4,478.61 510.40 42.10 517..92 12, 332.63 15,323.46 99935.90 141.93 22.60 84.14 41,089.73. 3,940.78 379310.00 9,064.10 1,278.40 7,707.49 1,751.14 288.80 1,904.08 10,815.24 1,567.20 9,611.57 51,904.97 5,507.98 46,921.57 11,265.00* 4,913.70* 12,638.14* 1,849.93* 11,542.38*