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1963B R O O K S & C A R T E R Certified Pub 1 i c Accountants 84 Harlow Street Bangor, Maine 04402 Telephone 942=6737 Members in Council City.of Bangor, Maine Gentlemen: February 10,1964 We have examined the following financial statements of the City of Bangor for the year ended December 31, 1963 : Comparative Balance Sheet - All Funds Statement of Estimated and Actaal 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, 1963, 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 f� Certified Public Accountants C O N T E N T S General Fund Balance Sheet 1 Estimated and Actual Revenues 2.& 3 General Fund, Appropriations, Expenditures and Unexpended Balances (Operating) 4 General Fund, Appropriations, Expenditures and Unexpended Balances (Outlay) 5 Capital Improvement Fund, Appropriations, Expenditures and Unexpended Balances 6 General Fund, Analysis of Unappropriated Surplus 7 Tax Collection During VPar &f Levy g Statement of Tax Deeds and Tax Liens g Analysis of Taxes Receivable g Statement of Municipal Property 9 Combined Fund Balance Sheet, Resources 10 Combined Fund Balance Sheet. -Liabilities, Reserves and Surplus 11 Statement of Trust and Agency Funds 12 Statement of Debt Limit and Borrowing Capacity 13 Future Debt Service on Present Debt 13 Net Debt Ratio to Assessments and Net Debt Per Capita 13 Monthly'Operating Statement (Hospital & Home) 14 Monthly Operating Statement (Auditorium) 15 ASSETS CASH ON HAND AND DEPOSITS CASH ADVANCES AND WORKING FUNDS Petty Cash Postage Fund 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 INVENTORIES GENERAL FUND BALANCE SHEET C 1. IT Y 0 F B A N G 0 R, M A I N E December 31, 1963 960.00 500.00 83,250.80 1,140.21 11097. 33 63,921.63 LIABILITIES, RESERVES AND SURPLUS 523,038.16 LIABILITIES Prepaid.1964 Auto Excise Tax 1,480. 68 322,871.35 159, 709.97 Office Supplies 656.76 Public Works 53004.24 Revised Ordinances 2,533.62 Central Sign Shop 2,540.28 589734.90 RESERVES Encumbrances Off-street Parking Police aid Fire Services Town Road Improvement School Nat.Def.Act and Training Act Uncollected Taxes Accounts Receivable SURPLUS Cash Unrealized 161,719.40 47,153.80 509. 91 11097. 33 3,943.08 9,407.99 1,585.57 284, 929.30 520,406. 01 TOTAL ASSETS, 1,:065035.06 TOTAL.LIABILITIES, RESERVES & SURPLUS 24,782.67 235, 717. 08 805,335. 31 110655835.06 STATEMENT OF REVENUE-ES TIMATE D AND ACTUAL 70.00 For the Year Ended December 31, 1963 40.00 1, 300.00 Estimated Revenue Cash Total 2,830.00 Revenue Billed and Receipts Revenue 600.00 Uncollected 722.00 122.00 TAXES- CURRENT YEAR'S LEVY 517.00 517.00 117.00* Real Property 3,369,561.00 208,100.98 3,239,199.98 39447,300.96 Personal Property 842,390.00 62,224.68 698,622.92 7605847.60 Polls 18,000.00 7,914.00 12,588.00 201502.00 Total Taxes-. Current Year's Levy 4,229. 951.00 278,239.66 3,950,410.90 4,228,650..56 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 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 Total from Other Agencies *Deduct 243, 000.00 30,000.00 302,000.00 575, 000.00 184,091.36 42,521.93 31!,525.44 544,138.73 .184,091.36 42,521.93 317,525.44 544,138.73 Excess or Deficiency* 77,739.96 81,542.40* 2,502.00 :1, 300.44* 58,908.64* 12,521.93 15, 525.44 30,861.27* 82,000.00 61041.73 61,341.73 20,658.27* 70.00 110.00 110.00 40.00 1, 300.00 19860.00 1, 860.00 560.00 2,830.00 31596.00 35-596.00 766.00 600.00 722.00 722.00 122.00 634.00 517.00 517.00 117.00* 4,900.00 35659.66 35,659.66 1,240.34* 92034.00 71,806.39 71,806.39 203527.61* 39, 000.00 11.70 45, 934.62 45, 946.32 6,946.32 39, 000.00 11.70 45, 934.62 45, 946. 32 6,946.32 60,200.00 103,992.37 103,992.37 43,792.37 46,200.00 1,001.00 34078.19 351379.19 105820.81* 1061400.00 1,001.00 138,370.56 139,.371.56 32,971.56 61, 000.00 93, 512.46 93, 512.46 32,512.46 341,592.00 379,060.06 379,060.06 371468.06 444,540.00 4355490.00 435,490.00 9,050.00* 1,774.00 1,773.60 19773.60 3,547.20 1,773.20 848,906.00 1,773.60 909,836.12 911,609.72 625,703.72 N STATEMENT OF REVENU E -ES T IMA"TED AND ACTUA-L For the Year Ended December 31,.1963 CHARGES FOR CURRENT SERVICES General Government Safety Highway Sanitation Health Hospital Schools Cemeteries Dow Field Playground Public Buildings' Total Charges for Current Services TRANSFERS FROM OTHER FUNDS Surplus Public Works Equipment Reserve Off-street Parking Fund Garland Street Field Fund Total Transfers from Other Funds REIMBURSEMENTS General Government Welfare-.. Hospitalization Electrical & Public Works Total Reimbursements GRAND TOTAL- REVENUE *Deduct Estimated Revenue Cash Total Excess or Revenue Billed and Receipts Revenue Deficiency* Uncollected 145725.00 13,265.89 13,265.89 1,459.11* 55184.00 55.05 3048.60 3003.65 1,780. 35 �1 10, 000. 00 395.28 6,524.65 6 ; 919.93 3,080.07* 17080.00 3,119.39 5,995.61 9,115.00 8,265.00* 3,000.00 33386.00 3086.00 386.00 165,200.00 2,036.00 .150,997.11 153,033.11 12,166.89* 32,650.00 8,803.14 21,337.03 30,140.17 2,509.83* 8,100. 00 4,313.50 4013.50 50 3, 786.50* 3,000. 00 626<00 626.00 2074.00* 15,600. 00 15,441.43 15,441.43 158.57* 274,839. 00 14,408.86 225,235. 82 239,644, 68 35-,i9s 4. 2 300, 000. 00 300'.000.00 300, 000. 00 50, 000. 00 5';', 666.56 57, 666.56 73 666< 56 40, 000. 00 40, 000. 00 40, 000. 00 1,200. 00 1,200.00* 391,200.00 397,666.56 .397,666.56 ^6066.56 76,270.00 6,590.49 49,644.47 56,234.96 20,035.04* 15,000. 00 733.90 15450.68 15,884. 58 884.58 2,000.00 2000.00* 00* 197,000. 00 36,766.02 622,18 37088.20 290,270.00 44,090.41 65,417.33 109,507.74 _1593611.80* 180,762.26* =6;:8:4.7;.900.,_.00 339,-525..2.3. 6:34.8..,:8:1.7._03. 6,688,.342.:2:6 159.,5-57.74* w DEPARTMENT OR APPROPRIATION TITLE Legislative Executive City Clerk Finance Registration of Voters Assessment Treasury Purchasing Planning Legal Engineering Personnel Civil Service Commission Industrial Development Police Fire Electrical Sealer of Weights & Inspection Civil Defense Hospital & Home Health Welfare Recreation Public Buildings Municipal Auditorium Public Works Harbors & Wharves Pensions Contingent Debt Service Taxes Paid to County Education Public Library Measur GENERAL FUND (OPERATING) APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES For the Year Ended December 31, 1963 Appropriation Other Total Disbursements Encumbrances Total Unexpended Credits Available Disbursements Approp. & Encumbrances 5,650.00 26 , 504. 00 28,381.00 60,610.00 11. 010. 00 39, 387. 00 27,502.00 12,130.00 38,993.00 8,329. 00 75,990. 00 8,178.00 850.00 15,989. - 00 344, 996.00 475, 334. 00 59, 783. 00 es 50.00 25, 356. 00 1,050.00 166, 798.00 66,045. 00 113,175.00 68,362.00 30, 729. 00 66,942.00 604,448.00 4,100. 00 152 , 400. 00 22, 000. 00 325, 694. 00 90, 000. 00 25,889,728.00 78,493. 00 5,000.00 C'�ellf+! 10, 000. 00 75, 000. 00 30,490. 48 5, 650. 00 26; 504.00 28; 381..00 60; 610. 00 11;.010..00 39, 387. 00 27,502.00 12,130..00 43, 993. 00 8,329. 00 75, 990. 00 8,178.00 850.00 15, 989. 00 344,996.00 475, 334. 00 59, 783. 00 50.00 25, 356.00 1,050.00 167,459.24 66,045.00 123,175. 00 68,362.00 30, 729.00 66,942.00 679,448.00 4,100.00 152,400. 00 :22,000. 00 325, 694. 00 90, 000. 00 2,920,218.48 78,493. 00 55,586. 03 24,540°07 24;571. 04 58,049.11 10, 761. 64 38,340. 71 26,699.47 J- 899. 64 43,259. 40 7,893.20 55,897.48 4,577.44 312.60 14,250. 00 336,102.86 460,502.76 51,814. 39 37.25 23,604.11 810.79 176, 327. 75 54, 735. 55 :11:5;,98.2. 67 59,113. 09 28, 360. 37 57,339.27 623, 090. 68 1,528.65 157, 360. 59 321, 583. 70 88,920. 00 2,856.839.30 78,493. 00 43.00 292.58 43.00 46.29 43.00 22.07 51.45 1, 511. 24 400.00 1,618. 39 664.30 220.26 w�a 1, 328. 49 216.63 45.37 20.24 266.00 200.60 806.81 42,068.85 5,586. 03 24,583. 07 24,863. 62 58,049.11 10,804. 64 38, 387. 00 26,742.47 10,921. 71 43,259.40 7,893.20 55,948.93 6,088.68 312.60 14,650. 00 338,721.25 461,167. 06 52,034.65 37.25 23,650.13 810.79 177,656.24 54, 952.18 116,028.04 59,133. 33 28,626.37 57,539. 87 623,897.49 15528.65 157,360.59 321,583. 70 88,920.00 2,898,908.15 78,493. 00 63.97 1,920.93 3.1517. 38 2,560.89 205.36 1, 000. 00 759.53 1,208.29 733.60- 435.80 20,041.07 2,089. 32 537.40 1,339. 00 6,274. 75 14,166. 94 7, 748. 35 12.75 1,705.87 239.21 10,19 7. 00* 11,092.82 7,146. 96 9,228.67 2,102. 63 9,402.13 55, 550. 51 2,571.35 4,960.59* 22,000.00 4,110. 30 1,080.00 21,310.33 TOTAL OPERATING BUDGET 5,944,986.00 1211,151.72 6,066437.72 5,818,184.61 50,954.59 5,869,139.20 196,998.52 °Deduct DEPARTMENT OR APPROPRIATION TITLE Legislative Executive City Clerk Finance Registration.of Voters Assessment Treasury Purchasing Planning Engineering Industrial Development Police Fire Electrical Civil Defense Hospital & Home Health Welfare Recreation Public Buildings Municipal Auditorium Public Works GENERAL FUND ( OUTLAY ) APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES For the Year Ended December 31,1963 Appropriation Other Total Disbursements Encumbrances Credits Available 550. 00 250.00 2 ,000. 00 10,000. 00 155.00 925,00 900.00 250.00 '500.00 4,935. 00 10,115. 00 3,155.00 61, 500. 00 5,000. 00 85500.00 2,000. 00 400.00 3,280. 00 35.00 33,000. 00 432;275.00 10.00 6,247. 00 37,671.26 4,839.00 3, 046. 00 85,113.47 550.00 250.00 2,000. 00 10,000. 00 155.00 925.00 900.00 250.00 500:00 4,935.00 10.00 16,362.00 3,155.00 99,171.26 9,839.00 8,500. 00 25000.00 400.00 3,280. 00 35.00 36,046.00 517,388.47 549.44 227.54 728. 39 9,609. 06 .153.62 909. 78 756.25 358.71 2,066. 98 16,060.13 1, 827. 21 52,368.92 5, 077. 96 9,114.37 1,955.80 329.86 2,981.33 31.21 18,194. 63 269,291.53 390.00' 250.00 125.00 36,230.01 70.00 73000.00 66, 699. 80 Total Disbursements & Encumbrances 549.44 227.54 728.39 9,999.06 153.62 909.78 756.25 .250. 00 358. 71 2,066. 98 16,060.13 1,952.21 88,598.93 5,077. 96 9,114. 37 .1,955.80 399.86 2,981.33 31.21 25,194.63 335,991.33 Unexpended Approp. .56 22.46 1,271. 61 ".94 1.38 15.22 143. 75 141.29 2,868. 02 10.00 301.87 1,202. 79 10,572.33 .4,761. 04 614. 37* 44.20 .14 298.67 3.79 10,851. 37 181,397.14 TOTAL OUTLAY BUDGET 579,725.00 136,926.73 716,651.73 392,592.72 110,764.'81 503057.53 213,294.20 TOTAL OPERATING BUDGET 5,944,986.00 121,151.72 6,066,137.72 5,818,184.61 50,954.59 5,869,139.20 .196,998.52 TOTAL APPROPRIATION ACCTS 6,524,711.00 258,078.45 6,78.2;789:456,210,777. 33 161,719.40 6,372,496.73 410,292.72 RESERVE 24.3, 000. 00 243, 000. 00 243, 000. 00 243, 000.00 OVERLAY 0,643.00 89861.46 189504.46 189504.46 18,504.46 RECREATION DISTRICT TAX 70,546.00 70,546.00 70,546.00 70,546.00 TOTAL BUDGET REQUIREMENTS 69847,900..00 266,939.-91 7,114,839.91 65542,827.79 .161,719.40 6,704,547.19 410,292.72 *Deduct APPROPRIATION TITLE Stillwater Park -Urban Renewal Automatic Generator Swimming Pool -West Side Municipal Golf Course Kenduskeag Stream Project Morse's Bridge Broadway Widening Davis Trunk Sewer Fourteenth St.Corrective Work Kenduskeag Stream Interceptor Sewer Fourteenth Street School High School Construction CAPITAL IMPROVEMENT FUND APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES- As ALANCESAs at December 31, 1963 1963 Other Appropriation Credits 151,472.21 40,000.00 80 , 000. 00 165,000.00 445,402.93 61,405.49 1159000.00 _ 25.76 5,204.32 8,984.82 Total Disbursements Encumbrances Available 151,472.21 40, 000.00 80,000.00 165,000. 00 445,402.93 61,405.49 115, 025. 76 5,204. 32 8,984. 82 23,000. 00 357.26 142.26 96,507. 42 418,504.85 61,405.49 90,072.54 5,204.32 8,984. 82 39,050. 00 74,550. 00 64,424.12 26,898.08 Total Disbursements & Encumbrances 23,000. 00 39,407.26 74,692.26 160,931.54 445,402.93 61,40.5.49 90,072.54 5,204. 32 85984.82 2965641.51 296,641.51 1,612.75 19612.75 8,593.65 85593.65 8,593.65 8,593.65 3436,436.66 3,136,436.66 1,602,457.80 1,287,579.07 2,890,036.87 Unexpended Approp. 128,472.21 592. 74 5, 307. 74 4, 068. 46 24,953.22 295,028.76 246,399. 79 TOTAL 400,.000.00 49114,167.35 41514,167.35 2,316.843.16 1,492,501.27 3,809044.43 7041,822.92 ri CITY OF BANGOR ANALYSIS OF UNAPPROPRIATED SURPLUS - GENERAL FUND FOR THE YEAR ENDED DECEMBER 31, 1963 Balance, January 1, 1963 Additions Excess of appropriations over expenditures Unexpended balance of closed Capital Improvement Fund projects Proceeds from sale of city -owned property Supplemental levy of taxes Prior years' adjustments Total Additions Sub -total Excess of estimated over actual revenues 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.1963 budget Additional amounts required to meet unexpected costs: Public Works Welfare Planning Provision for uncollectible accounts receivable Total Deductions Balance, December 31, 1963 300, 000.00 75, 000.00 10, 000.00 5000.00 410,292.72 167,112.64 3,477. 70 2,169.64 19, 017.62 159,557.74 42,521.93 202,079.67 60,209.08 141,870.59 7 747,135.58 602, 070.32 1,349,205.90 390, 000.00 125000.00 543; 870< 59 805, 335.31 I TAX :COLLECTION DURING YEAR OF LEVY Year Property Property Tax Tax Ended Tax List Rate Per M Levy Dec. 31st Adjusted Levy 1954 39,602,000.00 61.50 2,435,523.00 2,431,549.00 -7-955 40,227,790.00 City 60.75 Auditorium 1.65 TOTAL 62.40 2,510;214.00 2,5069641.00 1956 40,858,960.00 City 64.60 Auditorium 2.00 TOTAL 66.60 2,721,206.00 2,710,354.00 1957 1240585000.00 City 23.95 Auditorium .65 TOTAL 24.60 3,059,206.00 3,001,963.00 1958 1231095,900.00 City 25.38 Auditorium .62 TOTAL 26.00 3,200,493.00 35193,8.07.00 X959 1250013800.00 City 25.40 Auditorium .60 TOTAL 26.00 3,250046.00 3,246,829.00 .960 126,774,100.00 City 28.42 Auditorium .58 TOTAL 29.00 3,6761449.00 3,660,163.00 1961 127,261000.00 City 30.63 Auditorium .57 TOTAL 31.20 3,970,553.00 3,968,201.00 1962 140,068,100.00 City 28.29 Auditorium .51 TOTAL 28..80 4,033,961.00 4024,849.00 1963 139,7025300.00 City 29.70 Auditorium .50 TOTAL 30.20 4 219 010.00 4 208 149 00 Balances 1/1/63 20.65 55.99 106.53 151.67 282.74 196. 72 307.89 762.54 1,147.14 2,508. 50 7,297. 73 18,930.68 32,293. 57 64,062. 35 Year 1957 1958 1959 1960 1961 1962 1963 TOTAL STATEMENT OF TAX DEEDS AND TAX LIENS Year Ended December 31, 1963 1962 Taxes Redeemed Property Interest Titles Taken and Costs by City 113.67 72.80 430.63 5,032.63 5,038.41 12,845.02 61,710.38 18,988.77 61,710.38 42,521.93 ANALYSIS OF TAXES. RECEIVABLE As at December 31,1963 E:3 Collections Percent.of In Year, Collections of Levy 2,382,000.00 97.9 29453,226.00 2,6509278.00 2, 856, 566.00 2,981,232.00 3,057,818.00 3,442,169. 00 3,696,342.00 3, 775, 249.00 3,937,823.00 Cancelled Taxes Uncollected 1,498.27 1, 331.56 6,636.18 9,141.57 10,310.89 15,713.22 278,239.66 32,Z--&71. 35 97.9 97.8 95.2 93.4 94.2 94.0 93.2 93.8 93.6 Balances 12/31/63 20.65 55.99 106.53 151.67 169.07 196.72 307.89 762.54 1, 074. 34 2 , 077. 87 2,265.10 13,892.27 19,448.55 42,721.61 83,250.80 z STATEMENT OF MUNICIPAL PROPERTY December 31, 1063 CLASSIFICATION AMOUNT Buildings 55522,360.00 Land 1,947,020.00 Streets 4,312,927.00 Sewers 3,489,345.00 Sidewalks 411,644.00 Bridges 749,350.00 Retaining Walls 164,020.00 Statues 210,000.00 Electrical 305,076.00 Street Signs 8,964.00 TOTAL 175120,706.00 RESOURCES Cash on Hand and Deposits Postage Meter Fund Travel Expense -Advances Savings Accounts Securities Custody of Kirstein Fund Trustees Hersey Fund Invest.in City Hall Accounts Receivable Town Rd. Improvement Fund Due from Bangor Water District Taxes Receivable Taxes Receivable -Tax Deeds and Liens Accts. Receivable- Sewer Deeds Office Supplies -Inventory Public Works- Inventory Central Sign Shop -Inventory Ordinance Revision -Inventory City Property Tax Deeds Fixed Property To be Provided in Future Periods TOTAL RESOURCES COMBINED FUND BALANCE As at December 31, 1963 TOTAL General Capital Fund Improvement Fund 847, 925.25 500.00 20.68 47,058.42 2,283,008.51 19, 701. 50 100,000. 00 64,203.51 .11, 397. 33 7,000. 00 322,871.35 83,250.80 1,140.21 656. 76 53,004.24 2, 540.28 2,533.62 6, 525.80 17,120,706.00 71406,000.00 523;998.16 500.00 20.68 63,921.63 11,397. 33 3221871. 35 83,250. 80 1,140.21 656. 76 53,004.24 2,540.28 2,533. 62 214,782.31 1,982,260.00 281.88 S H E E T Trust and Agency Fund 109,144.78 47,058.42 300, 748.51 19,701.50 100, 000. 00 Municipal Debt Fund 7, 000. 00 7,406,000.00 Fixed Asset Fund 6,525.80 17,120,706.00 28,380,044.26 1,065,835.06 2,197,324.19 576,653.21. 7,41311000.00 17,127,231.80 N 0 LIABILITIES, RESERVES AND SURPLUS Notes Payable Bonds Outstanding Motor Excise Taxes -Prepaid Appropriations Off-street Parking Fund Police & Fire Services School National Defense Act and Training Act Accounts Receivable Reserve Town Road Improvement Reserve Encumbrance Reserve Uncollected Taxes Reserve Miscellaneous Reserve Investment in Fixed Assets Surplus Unappropriated C O M B INE D FUND BALANCE SHEET As at December 31,, 1963 TOTAL General Capital Trust and Fund Improvement Agency Fund Fund 22,000.00 7,391000.00 24,782.67 704,822.92 47,153.80 509.91 3,943.08 1, 585: 57 11097. 33 1,6549220.67 9,407.99 576, 653.21 17,127,231.80 805, 335. 31 24,782.67 47,153.80 509.91 3,943.08 1,585. 57 11; 397. 33 161,719.40 9;407. 99 805, 335. 31 704,822.92 1092,501:27 576,653.21 Municipal Debt Fund 22 , 000. 00 7,391,000.00 Fixed Asset Fund 17,127,231.80 TOTAL LIABILITIES, RESERVES AND SURPLUS- 28,380,044.26 1,065,835.06 2,197,324.19 5765653.21 7,413,000.00 17,127,231.80 STATEMENT OF TRUST AND AGENCY FUND As at December 31,1963 FUND 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 H. Rankin Grant -Escrow Account Royal School Laboratories, Inc. Escrow Acct. Miscellaneous Employee Deductions Employees' Retirement Hunting and Fishing Fees - State Withholding Tax - Federal Employees' Savings Bonds Employees' State Group Life Insurance Survivors' Benefit - City Miscellaneous Deposits United Fund State Sales Tax State Plumbing Fees Workmen's Compensation Miscellaneous - School Dept. TOTALS *Deduct Fund Balance Principal Income Total Fund 10,000.00 414.23 10,414.23 40, 000.00 345.72* 39, 654.28 10, 733.95 19094.96 11, 828.91 4,500.00 38.40* 4,461.60 200.00 152.80 352.80 12,000.00 103.72* 115,896.28 69713.59 6,713.59 1279056.78 5,236.32 132,293.10 14,537.85 4,528.43 19,066.28 3,000.00 124.40 3,124.40 1,000.00 389.34 19389.34 7,750.00 302.39 8052.39 100,000.00 100,000.00 2,000.00 126.84 2,126.84 25,000.00 15033.59 26033.59 500.00 132.16 632.16 1,000.00 300.80 1,300.80 5,000.00 105.69 5,105.69 22 , 701.50 22,701.50 1000.00 41.03 1041.03 5,732.84 238.22 5,971.06 1,000.00 630.16 1,630.16 2000.00 801.00 2,801.00 311.91 311.91 4000.00 165.43 4,165.43 11000.00 652.22 1,652.22 12000.00 6,299.06 18,299.06 5000.00 206.45 5.,206:45 11,000.00 455.26 11,455.26 766.83 31.76 798.59 10,000.00- 414.23 105414.23 25000.00 96.49 23096.49 10, 000.00 10, 000.00 6000.00 000.00 6, 000.00 3, 596.30 3,596.30 15,722.30 15,722.30 1,231.00 1,231.00 47, 937.58 47, 937.58 2,984.01 2,984.01 3062.45 3,362.45 881.40 881.40 1,234.07 13234.07 329.00 329.00 130.38 130.38 34.61 34.61 7, 660.27 7, 660.27 2,559.17 2,559.17 546,454.20 30,199.01 576,653.21 12 STATEMENT OF DEBT LIMIT AND BORROWING CAPACITY December 31,.1963 Assessed Valuation April 1, 1963 Debt Limit (72% of Valuation) 10,477,672.50 City of Bangor Liabilities Bonded Indebtedness 7,391,00.0.00 Notes Payable 22000.00 7,413,000.00 Net Borrowing Capacity Year 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 Totals Bond Maturities 482,000."00 469,000.00 418. 000.00 418, 000.00 408,000.00 408,000.00 408,000.00 408,000.00 408 0.00.00 0.00.00 408,000.00 408, 000.00 375, 000.00 375, 000.00 375, 000.00 364,000.00 364, 000.00 305,000.00 305,000.00 250, 000.00 35, 000.00 7, 391, 000.00 FUTURE DEBT SERVICE ON PRESENT DEBT December 31, 1963 13 139,702,300.00 3,064,672.50 Total Payments to be made from Bond Note Note Future General Water Interest Maturities Interest Debt Service Fund.... District 223,177.00 209,584.00 196,186.00 183,568.00 170,950.00 158,662.00 146,374.00 134,086.00 121, 798.00 109,510.00 97,222.00 84,934.00 73,207.00 61,480. 00 49, 753.00 38,404.00 27,355.00 18,049.00 8,743.00 1,107.00 2,114,149.00 14,000.00 475.00 4,000.00 165.00 4,000.00 55.00 22000.00 000.00 695.00 719,652.00 682,749.00 618,241.00 601,568.00 578, 950.00 566,662.00 554,374.00 542,086. 00 529,798.00 517,510.00 505,222.00 459,934.00 448,207.00 436,480.00 413,753. 00 402,404.00 332,355.00 32 3 , 049.00 258, 743.00 36,107.00 9, 527, 844.00 NET DEBT RATIO TO ASSESSMENTS AND NET DEBT PER CAPITA 712,:54.7.00 682,749.00 618,241.00 601,1'568.00 578,950.00 566,662.00 554,374.00 542, 086.00 529,798.00 517, 510.00 505,222.00 459, 934.00 4485207.00 436,480.00 413, 753.00 402,404.00 332,355.00 323,049.00 258,743.00 36,107.00 9, 520, 739.00 7,105.00 7,105.00 Net Net Ratio to Per Capita Debt Assessments Assessments Net Debt Year 1954 .1, 728, 500.00 39, 602, 000.00 .04365 54.77 Year 1955 1,643,500.00 40,227,790.00 .04085 52.09 Year 1956 1,702,500.00 40,858,960.00 .04167 53.96 Year 1957 1, 675, 500.00 124,3581)'000.00 .01347 53.11 Year 1958 1,493,000.00 1239095,900.00 .01213 47.32 Year 1959 2,183,000.00 125, 0019 800. 00 .01746 69.19 Year 1960 2,391,000.00 1269774,100.00 .01886 61.38 Year 1961 2,5819000.00 127,261,300.00 .02028 66.33 Year.. 1962 7,506,000.00 140,068,100.00 .05359 192.90 Year 1963 7,4139000.00 1399702,300.00 .05306 190.51 CITY OF BANGOR HOSPITAL & HOME DEPARTMENT Monthly Operating Statement Month of December 1963 OPERATING REVENUE: ACCOUNT 6051 Hosp. Charges -Full Pay Cases 6053 Hosp.& Home -Miscellaneous 6054 Hosp. Chgs.-Part Pay-Indiv. 6055 Home Chgs.-Part Pay-Indiv. 6056 Hospital- State Nursing Aid 6058 Hosp. Med. Aid -Acute -State 6059 Hosp. State Med. Aid for Aged 6095 Hosp. & Home Rental TOTAL REVENUE OPERATING EXPENSE: ACCOUNT 40-0-1 Personal Services 40-0-2 Supplies 40-0-3, Contractual Services 40-0-4 Communications 40-0-5 Fuel & Utilities 40-0-6 Equipment Costs SUB TOTAL 40-0-98 Credits- Hosp.(Deduct) 40-0-99 Credits- Home (Deduct) TOTAL OPERATING EXPENSE NET INCOME *Loss 1963 This Year Budget Month To Date 14 Last Year Month To Date 69,000.00 5,505.50 71,856.32 5,525.00 65,665.50 14,330.00 765.69 101.00 1,177.83 125.75 20,000.00 1,436.17 21,433.10 . 1,428.12 18,142.38 1,200.00 62.00 820.00 102.00 1,184.00 75,000.00 5,999.32 57,700.69, 10,508.16 69,675.88 199,798.00 17,586.62 510.00 17,182.16 183,303.09 30, 000.00 2,559.08 612.00 3,382.43 29, 535.75 900.00 75.00 .900.00 105.00. 930.00 166,100.00 13,077. 99. 153,93&11 17, 668.28 155; 723.51 130,352.00 11,183.91 135,592.33 11,725.73 116,872.05 45, 670. 00 4,586.83 50, 925.34 3, 526.11 43, 643.63 14,330.00 765.69 16,656.31 1,177.83 14,378.20 750.00 61.10 787.44 70.70 729.53 8,272.00 958.77 7,414.51 6,53.37 7,345.27 424.00 30.32 403.64 28.42 334.41 199,798.00 17,586.62 211,779.57 17,182.16 183,303.09 30, 000.00 2,559.08 33, 569.57 3,382.43 29, 535.75 3,000.00 93.00 1,215.00 208.00 2,311.00 166,798.00 14,934.54 .176,995.00 13,591.73 151,456.34 698.00* 1,856.55* .23,061.89* 4076.55 41267.17 J OPERATING REVENUE: 4075 Building Rental 4076 Basketball Floor 4077 Rough Floor 4078 Ice Rink 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 51-2-5 Fuel & Utilities SUB TOTAL TOTAL OPERATING EXPENSE OPERATING PROFIT *Loss CITY OF BANGOR AUDITORIUM DEPARTMENT Monthly Operating Statement Month of December, 1963 1963 Budget 27,000. 00 400.00 800.00 18,000. 00 46,200.00 20,527.00 1,945.00 6,575. 00 525.00 13, 375. 00 nAn nn 40,40 /. UU 8,485. 00 2,825. 00 This Year Month To Date 1044.00 00 18,137.28 144.00 396.00 240.00 720.00 2,230.05 16,125.91 35658.05 35,379.1'9 2,151.60 20,981.20 289.96 1:1.312.23 111.06 41478.61 42.10 517.92 15323.46 9,935.90 22.60 84.14 3,940.78 37, 310.00 1,278.40 7,707.49 288.80 1,904.08 15 Last Year Month To Date 3,752.45 22,012.78 144.00 360.00 240.00 - 660.00 225.00 1,785.33 17,174.70 5,921.78 40,432.48 2,038.40 175780.40 32.74 21194.86 105.83 6,899.45 41.30 492.00 2,802.69 12,480.73 55.50 354.27 5,076.46 40,201.71 1,178.69 8,702.69 317.00 2043.05 n 11,310.00 1,567.20 9,611.57 1,495.69 11,175.50 54, 717. 00 5,507.98 46, 921.57 6,572.15 51, 377. 21 8,517.00* 1,849.93* 11,542.38* 650.37* 10,944.73* r CITY OR BANGOR FINANCIAL STATEMENTS AS OF DECEMBER 31, 1963 BROOKS & CARTER Certified Public Accountants 84 HARLOW STREET BANGOR, MAINE AUDIT REPORT AND FINANCIAL STATEMENTS CITY OF BANGOR, MAINE AS AT DECEMBER 31, 1963 Table of Contents Page Auditor's Letter and Comments 2-3 Comparative Balance Sheet - All Funds 4 Statement of Estimated and Actual Revenues and Tax Commitment - General Fund 5 Statement of Appropriations and Expenditures - General Fund 6-7 Analysis of Unappropriated Surplus - General Fund 8 Statement of Capital Improvement Fund 9 Statement of Property Valuation, Assessment and Collection of Taxes 10 Statement of Public Debt 11 Statement of Trust Funds 12 Statement of Agency Funds Statement of Property Fund 13 14 BROOKS & CARTER Certified Public Accountants 84 HARLOW STREET BANGOR, MAINE 04402 TELEPHONE 842-6737 FRANK M. CARTER. CPA February 10, 1964 RAYMOND T. ADAMS. JR., CPA 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, 1963 appearing on pages 4 to 9: 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, 1963, 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. We have also examined the financial data appearing on pages 10 to 14 of this re- port. While in our opinion this data is presented fairly in all material respects 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, C� z� Certified Public Accountants 3 CITY OF BANGOR AUDITOR'S COMMENTS AND'RECOMMENDATIONS Audit Scope We have performed our examination in accordance with generally accepted auditing standards and recommendations by the -''State Department of Audit of the State of Maine and the National Committee on Governmental Accounting of the Municipal Fi- nance Officers Association. Included as a part of this examination were the following procedures: 1. Depository banks reported directly to us the cash funds on deposit and the investments held in their custody as of December 31, 1963, which we reconciled to amounts shown on the books. 2. We corresponded directly with debtors, selected on a test basis from subsidiary records, for confirmation of taxes and accounts receivable outstanding as of the close of the year. 3. We obtained confirmation from paying agents of bond and note indebted- ness outstanding as of December 31, 1963 and of principal and interest payments on account of this indebtedness during 1963. 4. We reconciled the tax commitment to records maintained by the assessors and confirmed revenues received from the State directly with the approp- riate agency. Internal Control We have reviewed the system of internal control surrounding the financial and accounting functions of the City and found it to be generally adequate.. We offer the following suggestions for further improvement in internal control and accounting procedure: to For the past several years it has been suggested that detailed listings of uncollected taxes be reconciled to control accounts at regular inter- vals. We mention this again, not only because of the importance of instituting this procedure to strengthen controls surrounding tax collec- tions, but also because the addition of an Assistant City Treasurer offers an excellent opportunity for the realignment of duties necessary to incorporate this procedure in the accounting system. 2. The reconciliation of bank accounts is still performed by the City Treas- urer's office. We suggested in the previous year that this function be assumed by the City Auditor, but the practical application of this sug- gestion was delayed due to the problem of reassigning personnel. The City Auditor has informed us -that he will attempt to carry out the neces- sary personnel changes in the coming year. 3. The employee who reconciles the bank accounts does not review paid checks returned by the bank to ascertain that they are properly endorsed by the payee. In most instances this endorsement represents the only evidence available to the City that the obligation to the payee has been discharg- ed. Failure to report unendorsed checks to the bank may discharge its liability even though it inadvertently paid a check without endorsement. We feel that a review of endorsements on all paid checks should be estab- lished as a part of the bank reconciliation procedure. We would like to express our thanks to the officials and employees of the City of Bangor for their cooperation and assistance during the course of our examination. CITY OF BANGOR COMPARATIVE BALANCE SHEET - ALL FU:JDS AS AT DECEMBER 31, 1963 ASSETS General Fund Cash Accounts receivable less allowance for doubtful accounts Taxes receivable less allowance for future losses of $91,407.99 at December 31, 1963 and $175386.66 at December 31, 1962 Taxes secured by liens and deeds Taxes secured by sewer deeds Town road improvement fund due from State Due from Capital Improvement Fund December 31, 1963 December 31, 1962 $ 524,498.16 $ 6929264.10 62,356.74 313946 3. 36 83,250.80 1,140.21 11,397.33 Inventories of public works materials, etc. 58,734.90 Total General Fund 1,0549841.50 Capital Improvement Fund Cash 2149782.31 Investment in U.S. Government obligations 11)982,260.00 Accounts receivable 281.88 Total Capital Improvement Fund 291971)324.19 Municipal Debt Fund Due from Bangor Water District Amount to be provided in future periods to retire indebtedness Total Municipal Debt Fund Trust and Agency Funds Cash Savings accounts Investment in U.S. Government obligations Investment in domestic corporations Funds in custody of Kirstein Fund Hersey Fund - investment in City Hall Total Trust and Agency Funds Property Fund Municipal property - at appraised value Total Property Fund 7,000.00 7,4069000.00 794130000.00 109,144..78 479058.42 226 ,918.75 73,829.76 199701.50 1009000,.00 576 ,653.21 43, 807.74 277,962.90 64,062..35 1,484.35 7,311.54 40,000.00 55 ,673.48 1,1'82,566.46 610.55 3,971,412.22 164.40 --3,972,187.17 14,000.00 7,492,000.00 7,506 ,000.00 114,479.83 27,889.07 191,6 87.50 74,029.76 18,801.90 100,000.00 526,88'8.06 LIABILITIES, RESERVES AND SURPLUS General Fund Accounts payable and encumbrances Prepaid motor vehicle excise taxes Reserves for: Town road improvement Revenue producing property and facilities School capital improvements - Federal grant Urban renewal authority 'Total liabilities and reserves Unappropriated surplus Total General Fund Capital Improvement Fund Accounts payable and encumbrances Due to General Fund Authorized projects unexpended balances Total Capital Improvement Fund Municipal Debt Fund Bonds payable Notes payable Total Municipal Debt Fund Trust and Agency Funds Trust funds Agency funds Total Trust and Agency Funds Property Fund 17,127,231.80 16,461,597.73 Investment in .municipal property 17,127,231.80 169461,597.73 Total Property Fund 4 December 31, December 31, 1963 1962 $ 161, 719.40 $ 192 , 325.48 24,782.6'7 22,290.03 11,397033 47,'663.71 3,94'3.08 24.9,506.19 80515335. 31 7,311.54 4.9 ,2 8 8.76 12 , 7-42. 86 151,472.21 435,430.88 747.135.58 1,054,841.50 1,182,566 46 1,492,50.1.27 21'9,797.87 40,000.100 704,822.92 397129389..30 291'979324.19 3,972,187.,17 7,391,000..0'0 2.2,000.00 794139000.00 472,990.67 103,662.54 5769653.21 7.,470,0'00.00 36,000.00 7,506 ,000 .'00 448,019.91 78,868.1:5 526,888.06 1791275,231. 80 16 94619597. 73 17,12 7,2 31. 80 16 ,461,5 97.73 TOTAL ASSETS - ALL.. FUNDS $289,36931050.70 $29,649,239.42 TOTAL LIABILITIES, RESERVES AND SURPLUS $28,369,050.70 $29,649,239.42 CITY OF BANGOR STATEMENT OF ESTIMATED AND ACTUAL REVENUES AND TAX COMMITMENT - GENERAL FUND FOR THE YEAR ENDED DECEMBER 31, 1963 Revenue Classification Taxes Prior years Tax deeds and sale of property Other local taxes and penalties Sub -total Licenses and Permits For street use Non -business licenses and permits Police and protective Business licenses and others Sub -total Fines, Forfeits and Penalties Use of Money and Property Municipal auditorium Interest on investments Miscellaneous rents and concessions Sub -total From Other Agencies State shared taxes State grants in aid Federal grants in aid Sub -total Charges for Current Services General government Safety Highway Sanitation Health Hospital School Cemeteries Recreation Public buildings Sub -total Transfers from Other Funds Garland Street Field Fund Public Works Equipment Reserve Fund Off Street Parking Fund Sub -total Reimbursements General government Welfare and hospitalization Parking and Modernization Corp. Public Works Bangor Urban Renewal Authority Sub -total Total Revenues Transfers from Unappropriated Surplus Current Year's Tax Commitment Real property Personal property Polls Total Tax Commitment Estimated Actual Revenue 243,000.00 30,000.00 302,000.00 5 7511000. 00 82,000.00 4,900.00 2,830.00 2,604.00 92,334.00 39,000.00 46,200.00 55,000.00 5,200.00 106,400.00 61,000.00 341,592.00 446,314.00 848,906.00 14,725.00 5,184.00 10,000.00 17$80.00 3,000.00 165,200.00 32,650.00 8,100.00 3,000.00 15 ,600.00 274,839.00 1,200.00 50,000.00 40,000.00 91,200.00 6,550.00 17,000.00 17,500.00 3,000.00 246,220.00 290,270.00 21)317.949.00 300 ,000.00 3,369,561.00 842$90.00 18,000.00 4 9229 995 1.00 Re ve n ue 184,091.36 429521.93 317,525.44 544,138.73 61,341.73 3,659.66 3,596.00 3,209.00 71,806.39 45,946.32 35,379.19 100,067.78 3,924.59 139,371.56 93,512.46 379,060.06 439 ,037.20 911,609.72 13,265.89 3,403.65 6,919.93 9,115.00 3,386.00 153,033.11 30 ,140.17 4,313.50 626.00 15,441.43 239,644.68 57,666.56 40,000.00 97,666.56 61650.15 15,884.58 17,500.00 667.33 68,805.68 109,507.74 2,159,691.70 300 ,000.00 3,447,300.96 760,847.60 20,502.00 4,2289650.56 GRAND TOTAL $61)8470900.00 $6,688,342.26 Excess or (Deficiency) (58,908.64) 12,521.93 15,525.44 30,861027) (201658.27) (1,240.34) 766.00 605.00 (201)527.61) 6,946.32 (10,820.81) 45,067.78 (1,275, 41) 32,971.56 329512.46 37,468.06 ( 7 31276.80) 62,703.72 (1,459.11) (1,780.35) (3,080.07) (8,265.00) 386.00 (1211166089) (2,509, 83) (3,786.50) (2,374.00) (158.57) (359194.32) (1,200.00) 7,666.56 6,466.56 100.15 (1,115.42) (2,332.67) (177 $414. 32) 180,762.26) (158,257.30) 77,739.96 (8191542.40) 2,502.00 (1,300.44) $(159,557.74) CITY OF BANGOR STATEMENT OF APPROPRIATIONS AND EXPENDITURES - GENERAL FUND FOR THE YEAR ENDED DECEMBER 31, 1963 Operating Appropriations General Government Legislative Executive City Clerk Fin an ce Registration of Voters Assessment Treasury Purchasing Planning City Solicitor Engineering Personnel Civil Service Commission Industrial development Sub -total Public Safety Police Fi re Electrical Sealer of Weights and Measures Building inspection Civil defense Sub -total Health, Welfare and Recreation Hospital and Home Health Welfare Recreation Sub -total Public Works and Public Buildings Public buildings Municipal auditorium Public works Sub -total Miscellaneous Harbor and wharves Pension and group insurance Contingent Debt service Sub -total Other Agencies Taxes paid to County Education Public Library Sub -total Total Operating Appropriations Appropriations $ 5,650.00 26,504.00 28,381.00 60,610.00 11,010.00 39,387.00 27$02.00 12,130.00 38,993.00 8,329.00 75,990.00 8,178.00 850.00 15,989.00 359,503.00 .3449996.00 475,334.00 59,783.00 50.00 25,356.00 1,050.00 906,569.00 166,798.00 66,045.00 113,175.00 68,362.00 414,380.00 30,729.00 66,942.00 604,448.00 702,119.00 4,100.00 152,400.00 22,000.00 325.694.00 504,194.00 90,000.00 2,889,728.00 78.493.00 39,0589221.00 5 ,944,9 86.00 Other Credits 5 ,000.00 5,000.00 661.24 10,000.00 10,661.24 75,000.00 75,000.00 30,490.48 30,490.48 121,151.72 Appropriations Total Over (Under) Available Expenditures Expenditures $ 5,650.00 26,504.00 28,381.00 60,610.00 11,010.00 39,387.00 27,502.00 12,130.00 43,993.00 8,329.00 75,990.00 8,178.00 850.00 15,989.00 364,503.00 344,996.00 475,334.00 59,783.00 50.00 25,356.00 1,050.00 906,569.00 167,459.24 66 ,045.00 123,175.00 68.362.00 425 ,041.24 30,729.00 66,942.00 679,448.00 777,119.00 4,100.00 152,400.00 22,000.00 325,694.00 504,1.94.00 90,000.00 2,920,218.48 78,493.00 39088,711.48 61)066,137.72 $ 5,586.03 24,583.07 24,863.62 58,049.11 10,804.64 38,387.00 26,742.47 10,921.71 43,259.40 71,893.20 55,948.93 6,088.68 312.60 14,650.00 328,090.46 338,721.25 461,167.06 52,034.65 37.25 23,650.13 810.79 8760421.13 177,656.24 54,952.18 116,028.04 59,133.33 407,769.79 28,626.37 571,539.87 623,897.49 710,063. 73 1,528.65 157,360.59 321,583.70 480,472.94 88,920.00 2,898,908.15 78,493.00 3,066,321.15 5,869,139.20 $ 63.97 1,920.93 3$17.38 2,560.89 205.36 1,000.00 759.53 1,208.29 733.60 435.80 20 ,041.07 2,089.32 537.40 1,339.00 36,412.54 6,274.75 14,166.94 7,748. 35 12.75 1,705.87 239.21 30S147.87 (10,197.00) 11,092.82 7,146.96 9.228.67 17,2 71.45 2,102.63 9,402.13 55 ,550.51 67,055.27 2,571.35 (4,960.59) 22,000.00 4,110.30 23,721.06 1,080.00 21,310.33 22,390.33 196,998.52 Al CITY OF BANGOR STATEMENT OF APPROPRIATIONS AND EXPENDITURES - GENERAL FUND - CONT'D FOR THE YEAR ENDED DECEMBER 31, 1963 Capital Appropriations Legislative Executive City Clerk Finance Registration of Voters Assessment Treasury Purchasing Planning Engineering Industrial development Police Fire Electrical Civil Defense Hospital and Home Health Welfare Recreation Public buildings Municipal auditorium Public works Total Capital Appropriations Total Operating and Capital Appropriations, Expenditures and Balances Reserves and Other Appropriations Reserve for 1963 taxes not collected in 1963 Overlay - reserve for uncollected taxes Recreation district tax Total Appropriations $ 550.00 250.00 2,000.00 10,000.00 155.00 925.00 900.00 250.00 500.00 4,935.00 10,115.00 3,155.00 61,500.00 5,000.00 8,500.00 2 ,000.00 400.00 3,280.00 35.00 33,000.00 432 112 75.00 579,725.00 695241,711.00 243,000.00 9,643.00 70,546.00 Othe r Credits 10.00 69247.00 37,671.26 4,839.00 3,046.00 85,113.47 136 ,926.73 258,078.45 89861.46 $61)847_1%900.00 $266,939.91 Appropriations Total Over (Under) Available Expenditures Expenditures $ 550.00 250.00 2,000.00 10,000.00 155.00 925.00 900.00 250.00 500.00 4,935.00 10.00 16,362.00 3,155.00 99,171.26 9,839.00 8,500.00 2,000.00 400.00 3,280.00 35.00 36 ,046.00 517,388.47 716S651.73 6,782,789.45 243,000.00 18,504.46 70,546.00 $7,114,839.91 $ 549.44 227,54 728.39 9,999.06 153.62 909.78 756.25 250.00 358.71 2,066.98 16 ,060.13 1,,952.21 88,598.93 5',077.96 9,114.37 1,955.80 399. 86 2,981.33 31.21 259194.63 335,991.33 503,357.53 693721496.73 243,000.00 18,504.46 70,546.00 $ 656 22.46 1,271.61 .94 1.38 15.22 1143. 75 141.29 2,868.02 10.00 301.87 1,202.79 10,572.,33 4,761.04 (614.37) 44.20 .14 298.67 3.79 10,851.37 181,397.14 213,294.20 410,292.72 $6,704,547.19 $4100292.72 7 A CITY OF BANGOR ANALYSIS OF UNAPPROPRIATED SURPLUS - GENERAL FUND FOR THE YEAR ENDED DECEMBER 31, 1963 Balance, January 1, 1963 $ 7475135058 Additions Excess of appropriations over expenditures, page 7 $4101)292072 Unexpended balance of closed Capital Improvement Fund projects, page 9 1679112,64 Proceeds from sale of city -owned property 3,477, 70 Supplemental levy of taxes 22169,64 Prior years' adjustments 19,017062 Total Additions 602,070,32 Sub -total 1,349,205,90 Deductions Excess of estimated over actual revenues, page 5 159,557, 74 Add: Collection of prior years' tax liens included in 1962 revenues for budgetary purposes 421521,93 202,079,67 Less: Excess of estimated over actual revenues applicable to current and prior years' taxes 60,209,08 Net deficit charged against surplus 141,870,59 Surplus appropriated for current expenditures: Amount included in 1963 budget $3001,000.00 Additional amounts required to meet unexpected costs: Public Works 75,000,00 Welfare 10000,00 Planning 51000,00 3909000,00 Provision for uncollectible accounts receivable 120000.00 Total Deductions 543,870059 Balance, December 31, 1963 $ 805,335,31 CITY OF BANGOR STATEMENT OF CAPITAL IMPROVEMENT FUND FOR THE YEAR ENDED DECEMBER 31, 1963 Morse's bridge Kenduskeag Stream project Davis trunk sewer Fourteenth Street corrective work Kenduskeag Stream interceptor sewer Fourteenth Street school High school construction Stillwater Park urban renewal Automatic generator Swimming pool Municipal golf course Broadway widening Tot al Note —T1963 appropriations Appropriations and Other Credits - Note $ 100,000,00 1,65 8,000. 00 .7.39000.00 96 ,000.00 300,000.00 342 ,16 7.17 392559000.00 151,472.21 Disbursements and Encumbrances Prior Years $ 699,076.72 1,428,639.14 71,551.48 87,015.18 3,358.49 333,573.52 118,563.34 -'74-o-9000.00* - 000.00* 1659000.00* - 1152025.76° - $693759665.14 $21111,777.87 1963 $ 30,482,21 79,375.14 (8,00) 1,612.75 2,349,14 2 9890 036. 87 23,000.00 399407.26 74,692.26 160 ,931.54 90,072.54 $3,391,951.71 Total $ 99,558.93 1,508,014.28 71,543,48 87,015.18 4,971.24 335 ,922.66 3,00 8,600.21 23,000.00 39,407,26 74.,692.26 1609931.54 909072.54 $525039729.58 Unexpended Balances Projects Closed to Continuing Surplus Projects $ 441.07 $ - 1491985.72 - 1,456.52 - 8,984.82 - - 295 ,02 8.76 60244.51 - $167,112.64 246,399,79 128,472.21 592,74 -5:9307.3,4 4,068.46 24.953.22 $7049822.92 it 10 CITY OF BANGOR STATEMENT OF PROPERTY VALUATION, ASSESSMENT AND COLLECTION OF TAXES FOR THE YEAR ENDED DECEMBER 31, 1963 1963 1962 1961 Assessed Valuation Real estate Personal property Total Valuation Tax Rate per $1,000 Taxes assessed on property Poll taxes Total Tax Commitment $1149,3209500.00 25,381,800.00 $139,702,300.00 $ 30 20 $11496409100.00 25,4289000.00 $140 106 8,100. 00 $28.80 $ 49219,009.46 $ 41)0331)961.28 199803.00 209541.00 $10293669600.00 241)894,700.00 $127,261,300.00 $31.20 $ 39970,552.56 19,482.00 $ 492389812.46 $ 4,05431502628 $ .31)990,034.56 ANALYSIS OF TAXES RECEIVABLE FOR 1963 Balance, January 1, 1963 Additions 1963 tax commitment $ 492389812.46 Supplemental levy of taxes 2,169.64' Sewer assessment 3,119.39 Total Additions Deductions Collections - net 4,131,766.74 Abatements 26,383.63 1962 real estate taxes transferred to tax liens 589329.33 Total Deductions Balance, December 31, 1963 SCHEDULE OF TAXES RECEIVABLE AT DECEMBER 31, 1963 Year Taxes Receivable 1963 1962 1961 1960 1959 . 1958 and prior Less allowance for future losses $ 2789239.66 15,713.22 109310.89 9,141.57 6,636.18 2,829. 83. 3229871.35 9,407.99' $ 2959249.56 4 9244 9101. 49 495399351.05 4S2169479.70 $ 3229871.35 Tax Liens 42,721.61 19,448.55 13,892.27 2,265.10 4,923.27 83,250.80 Balance, December 31, 1963 $ 313-,463.36 $ 83,250.80 CITY OF BANGOR STATEMENT OF PUBLIC DEBT AS OF DECEMBER 31; 1963 Assessed valuation Debt limit - 7 1/2% of valuation City of Bangor outstanding debt - December 31, 1963 Additional borrowing capacity Bon ds 11 $139,7029300.00 $ 1054779672.50 7941391000.00 $ 390649672.50 DESCRIPTION OF'DEBT Principal Outstanding Purpose Rate Maturities December 311 1963 Funding and refunding 1 3/4% $ 18,000.00 Annually $ 369000.00 Airport 1 3/40 3,000.00 Annually 69000.00 Permanent public improvement 1 1/20 6,000.00 1964 69000.00 Permanent public improvement - school 1 3/80 309000.00 Annually 609000.00 Permanent public improvement 1.70 % 332000.00 Annually 3639000.00 Permanent public improvement - water 1.50 % 79000.00 1964 71000.00 Permanent public improvement 3.60 % 59000.00 Annually 709000.00 Library 3.30 % 109000.00 Annually 409,000.00 Sewer 3.30 % 69000.00 Annually 84,000.00 Permanent public improvement 3.70 % 39,000.00 Annually 6241)000.00 Capital improvements 3.40 % 20,000.00 Annually 1964-81 375,000.00 159000.00 1982 Sewer 3 3/80 209000.00 Annually 1964-82 395,000.00 15,000.00 1983 Urban renewal 3.00 % 20,000.00 Annually 3201000.00 High school 3.00 % 1609000.00 Annually 3,040,000.00 Kenduskeag stream improvement 3.00 % 85,000.00 Annually 1964-81 1,565,000.00 35 ,000.00 1982 Permanent public improvement 3.00 % 20,000.00 Annually 4009000.00 Notes Pool and sewer 2.00 % 10,000.00 1964 109000.00 Permanent public improvement 2.75 % 4,000.00 Annually 12,000.00 Total $ 79413,000.00 Education Bangor High School Loan Fund 200.00 144.86 7.94 200.00 152.80 12 CITY OF BANGOR 49750.00 3,105.20 39000.00 197.19 3,000.00 79750.00 302.39 89052.39 STATEMENT OF TRUST FUNDS 44.79 82.05 21000.00 126.84 2,126.84 AS AT DECEMBER 31, 1963 274.24 206.45 375.00 5,000.00 105.69 51105.69 Louis and Sophia Kirstein Student Loan Fund Balances, January 1, 1963 Additions 124.40 Withdrawals Balances, December 31, 1963 Aubry E. Webber, Jr., Scholarship Fund 29000.00 Unexpended 82.05 from 29000.00 96.49 2,096.49 Public Library Principal Income Principal Income Income Principal Income Total Cemetery 100,000.00 49000.00 4,000.00 100,000.00 100,000.00 Perpetual Care $1200760.38 $ - $ 6,296.40 $ 59252.69 $ 16.37 $1279056.78 $ 59236.32 $132,293.10 Parks 109000.00 414.23 109000.00 414.23 10,414.23 Bass Park Trust 30000.00 7,061.13 29,152.46 29500.00 39000.00 69713.59 6,713.59 Arthur Chapin Fund 145537.85 39927.60 600.83 149537.85 49528.43 199,066.28 City Missionary 259000.00 (478.54) 1,512.13 259000.00 19033.59 26,033.59 Hiram H. Fogg Fund 15000.00 348.31 41.03 19000.00 389.34 19389.34 Louis and Sophia Kirstein Fund 1,000.00 259.77 41.03 1,000.00 300.80 19300.80 Hiram P. Oliver Fund 2,000.00 718.95 82.05 2,000.00 801.00 29801.00 Penobscot Association for the Blind Fund 300.00 11.91 300.00 11.91 311.91 Lorenzo E. Sabine Fund 1,000.00 611.19 41.03 2,000.00 19000.00 652.22 19652.22 Stetson Fund 121000.00 59852.78 496.28 50.00 125000.00 610299.06 189299.06 Education Bangor High School Loan Fund 200.00 144.86 7.94 200.00 152.80 352.80 French Medal Fund 49750.00 3,105.20 39000.00 197.19 3,000.00 79750.00 302.39 89052.39 Holton Public School Fund 21000.00 44.79 82.05 21000.00 126.84 2,126.84 Louis and Sophia Kirstein Scholarship Fund 51000.00 274.24 206.45 375.00 5,000.00 105.69 51105.69 Louis and Sophia Kirstein Student Loan Fund 219801.90 899.60 124.40 124.40 221,701.50 229701.50 Aubry E. Webber, Jr., Scholarship Fund 29000.00 164.44 82.05 150.00 29000.00 96.49 2,096.49 Public Library Hersey Fund 100,000.00 49000.00 4,000.00 100,000.00 100,000.00 Aid for Aged Women Charles E. Adams Fund 109000.00 414.23 109000.00 414.23 10,414.23 Thomas Upham Coe Fund 30000.00 (57.41) 181.81 39000.00 124.40 30124.40 Anna Hayford Pierce Fund 4,000.00 (76.56) 241.99 4,000.00 165.43 4,165.43 Home for Aged Women 259000.00 (478.54) 1,512.13 259000.00 19033.59 26,033.59 Stetson Fund 5,000.00 206.45 5,000.00 206.45 5,206.45 George T. Stoddar Fund 11,000.00 (210.54) 665.80 112000.00 455.26 11,455.26 Wakefield Fund 102000.00 (191.41) 605.64 101000.00 414.23 109414.23 Other Funds Bangor Children's Home Fund 40,000.00 (19536.69) 3,190.97 2,000.00 401000.00 (345.72) 39,654.28 Bangor Firemen's Relief Fund 109733.95 1,122.61 443.35 471.00 10,733.95 1,094.96 11,828.91 Bangor Fuel Society Fund 49500.00 (86.14) 272.74 225.00 4,500.00 (38.40) 49461.60 Bangor Mechanics' Association Fund 12,000.00 (229.70) 725.98 600.00 129000.00 (103.72) 119896.28 Kirstein City Hospital and Home Fund 500.00 110.99 21.17 500.00 132.16 632.16 O'Connell Trust Fund 1,000.00 589.13 41.03 111000.00 630.16 1,630.16 Arthur J. Morey Trust Fund 1,000.00 41.03 19000.00 41.03 1,041.03- ,041.03Twitchell TwitchellTrust Fund 766.83 31.76 766.83 31.76 798.59 Melvin M. Murch Fund 59732.84 238.22 5,732.84 238.22 59971.06 Total Trust Funds $4269550.91 $219469.00 $16,228.84 $229253.69 $13,511.77 $442,779.75 $30,210.92 $472,990.67 13 CITY OF BANGOR STATEMENT OF AGENCY FUNDS AS AT DECEMBER'31, 1963 Payroll taxes withheld from employees $ 471)937.58 Amounts due the State of Maine: Pension contributions $ 15,896.10 Group life insurance 39362.45 Hunting and fishing license fees 11265.61 Survivors' benefits 881.40 Sales taxes 130.38 219535.94 Amounts held in escrow: H. Rankin Grant 109000.00 Royal School Laboratories 62000.00 16,000.00 Other: Workmens' Compensation insurance 7,660.27 Savings bonds 25984.01 Miscellaneous deductions and deposits 5,693.74 Maine Teachers' Association 1,522.00 Bangor -Brewer United Fund 329.00 18,189.02 Total Agency Funds $103,662.54 14 CITY OF BANGOR STATEMENT OF PROPERTY FUND AS INVENTORIED AND APPRAISED IN 1960 Buildings $ 5,5220360000 Lan d 2,233,170000 Streets 4,312,927000 Sewers 302031195000 Sidewalks 411,644000 Bridges 7499350000 Retaining walls 1649020000 Statues 210,000,00 Electrical installations 305,076,00 Street signs 8,964000 City property taken on tax deeds 6$25080 Total $17,127,231.80