Loading...
1961City of Bangor Maine ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED DEC. 311 1961 February 209 1962 Members in Council City of Bangor,. Maine Gentlemen: Vie have examined the following financial statements of :the City of Bangor for the year ended December 319 19610 a Balance Sheet e All Funds Statement of Estimated and Actual Revenue - 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 other auditing procedures as we considered necessary under the circumstances, In our opinion, the foregoing statements present fairly the financial position of all funds of the City of Bangor at December 31.,1961, and the resultsof 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. IN BROOKS & CARTER CERTIFIED PUBLIC ACCOUNTANTS 4 C O N T E N T S A4 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 Year of 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 and Reserves 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 GENERAL FUND BALANCE SHEET CITY 0 .F-' -B -A- N G O 'R ; MAINE December 31, 1961 ASSETS CASH ON HAND AND DEPOSITS CASH ADVANCES AND WORKING FUNDS Petty Cash - 960,00 Postage Fund 500000 TAXES RECEIVABLE Uncollected Taxes ACCOUNTS -RECEIVABLE Uncollected -Taxes Secured by Tax Deeds Uncollected Tdxes Secured by Sevier Deeds Town Road Improvement Fund Other, Miscellaneous INVENTORIES Office Supplies Public Works Revised Ordinances Central Sign Shop TOTAL ASSETS 549182,81 LIABILITIES, RESERVES & SURPLUS 247,476,21 LIABILITIES Prepaid 1962 Auto Excise Tam. Prepaid School Dept, Revenue 1,460,00 RESERVES Encumbrances Off-street Parking 3202312,36 Police and Fire Services Town Road Improvement . School N;D, Act - Uncolleoted Taxes Group Insurance 29998,10 17,462.27 44,806.77 119,/49,95 961,14 49,063.48 2,261,29 576,01 52,861,92 SURPLUS Unrealized 37,412,77 602352,00 163,411,11 32,628,18 305.05 17,462027 11,143;08 11,575°90 1,o65,82 TOTAL LIABILITIES, RESERVES AND SURPLUS 97,764.77 2379591041 406,20%,26 741s560.44 r11 , STATEMENT OF- REVENUE -EST I MATED AND ACTUAL For the Year Ended December 31, 1961 Estimated Revenue TAXES -CURRENT YEAR'S LEVY Real Property 3,201,600.00 Personal Property 776,400.00. Polls 17,000.00 Total Taxes -Current Year's Levy 39995,000.00 TAXES -PRIOR -YEARS & OTHER LOCAL Revenue Billed & Uncollected 207,157.52 64,701.57 6,495.00 278,354.09 Cash Receipts 2,988,009.31 708,332.68 13.659.00 327109000.99 Total - Revenue 39195,166.83 773,034.25 209154,00 399889355.08 !t Excess or Deficiency's 6,433.17* 3,365.75* 3,154-00 44,92* Taxes -Prior Years -Levies 190,000.00 234,414.47 234,414.47 44,414.47 Tax Deeds & Sale -of Property 25,500.00 44,862.93 44,8b2.93 19,362.93 Other Local Taxes & Penalties 273 000.00 295,639.78 295,639.78 22 639.78 Total Taxes Prior Years & Other Local 4 ,500.00 5749917.18 574,917.18 86'417.18 LICEr1SES & 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 63,000.00 615.00 1,340.00 2,985.00 465.00 647.00 --5,650.00 74,702.00 31,000.00 31,000.00 61,760.69 274.15 1,365.00 3,020.50 1, 009.DO 645.00 971.29 739045.63 30,383.09 30,383,09 61,760.69 274.15 1,365.00 3,020.50 1,009.00 645.00 971.29 73,045° 3 30,383.09 30,383.09 1, 239.31.# 340.85# 25,00 35.50 544.00 2,00 678.71'* 1,656.37* 616 991* 616.91# USE OF MONEY & PROPERTY Miscl. Rents & Concessions 17,650.00 11,137.76` 119137.76 6,512.24* Municipal Auditorium 44 825.00 1,929.70 45 815.72 47,745042 2,920,42 Total Use of Money & Property 622475.00 1,929.7055 ,9� 53,48 58,883.18 31591.82* FROM OTHER AGENCIES State Shared Taxes State Grants in Aid Federal Grants in Aid Payments in Lieu of Taxes Total from Other Agencies *Deduct 34,500.00 276,523.00 200.00 286,493.00 1,774.00 5992290.00 200.00 29,218,46 246,049.07 314,854,00 19 773.60 591,895.13 29,218.46 246,249.07 314,854.00 1.773.60 592.,095-13 5,281.54* 30,273.93* 28,361.00 .40# 7,194,87# STATEMENT OF'R;EVENUE -ESTIMATED AND ACTUAL ..For the Year Ended December 31, 1961 Estimated Revenue Cash Total Excess or Revenue Billed & Receipts Revenue Deficiency* Uncollected CHARGES FOR CURRENT -SERVICES General Government 121165.00 65.08 12,475.59 12,540.67 375.67 Safety 5,1,32.00 1069,50 11987.31 31356.81 2,075.19' Highvray 12,000.00 21020.88 3,896.86 5,917.74 6,082.26# Sanitation 12,800.00 41406.58 9,848.33 14,254.91 1,454.91 Health 21700.00 3,043.75 3,043.75 343.75 Hospital 144,875.00 13,707.93 144006.40 158,01.4..33 13,139.33 Schools 39,250.00 10,275.89 29,476.64 392752.53 502.53 Cemeteries 7,600.00 32.00 4,832.50 42864.50 2,735.50# Doer Field Playground 937.00 11203.00 1,203.00 266000 Public Buildings 21,100.00 110.00 18,401.51_ 18,511-51 22588.49* Total Charges for Current Services 258,859.00 31.,987.86-229,471.89 261,459.75 2,600.75 TRANSFERS FROM OTHER -FUNDS Bass Park- Trust Fund- 2,000.00 2,000.00 2,000.00 Public Works -Equipment Reserve 501000,00 49,372.22 49,372.22 627.78 -Off-street Parking Fund 20,000.00 200000.00 20.000.00 Total Transfers from Other Funds 722000.00 71,372.22 715372.22 627.78* REIMBURSEMENTS General Government 11,179.00 11975.04 13,078.16 15,053.20 3,$74.20 Welfare 16,000.00 1,068,26 10,593.96 11,662.22 4,337.78* Hospitalization 31000.00 3,000.00 Electrical & Public Works 5,000.00 94.95_ 5� 327.01 5,421.96_ 421.96 Total Reimbursements 35,179.00 32138.25 28,999.13 32,137.38 32041.62* GRAND TOTAL - REVENUE 5,617,005.00 315,609.90 51367,038.74 5,682,648,64 652643.64 *Deduct . DEPARTIMT 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 & Measur Inspection Civil Defense Hospital & Home Health Welfare Recreation Public -Buildings Municipal Auditorium Public Works Harbors & Wharves Pensions & Group Insurance Contingent Debt Service Taxes Paid to County Education Public Library TOTAL OPERATING BUDGET * Deduct GENERAL FUND (OPERATING) APPROPRIATIONS, EXPENDITURES -AND UNEXPENDED BALANCES For the Year Ended December 31,1961 Appropriation :Oth6r Total -Disbursements---Encumbrances :.,Total Credits.. :*Available Disbursements & Unexpended Encumbrances Approp. 5;850,00 5,850.00 6,314060 6,314,60 464.60* 23,440.00 23,440.00 21,976.59 585,00 22,561.59 878,41 22,973,00 22,973.00 21,919.21 22,50 21,941071 19031.29 54,483.00 54,483.00 52,902.58 529902.58 1,580.42 10,181,00 10,181.00 9,697.74 9.80 9,707.54 473.446 40,029.00 40,029.00 359270.38 12400.00 36,670.38 39358.62 24,327.00 24,327.00 22,583.53 301.90 22,885.43 1.,44-1.57 119170.00 11,170.00 105118.96 18.69 10,137.65 1,032035 26,211.00 26,211.00 21,563058 1,028.68 22,592.26 3,618.74 69270000 62270000 5,786.23 51786023 483077 409216.00 40,216.00 372973.22 4.8o 37,978002 2,237.98 29628.00 29628,00 2,497.52 2,497.52 130.48 800.00 800.00 411.44 411.44 388.56 13,987.00 132987.00 12014.17 750.00 13,064.17 922.83 3249608.00 28.83 324,636.83 314,987.62 2,200.53 317,188.15 71448.68 4519728.00 451,728.00 4335831.60 42.47 433,874.07 17,853093 739697.00 73,697.00 549125.75 12456.50 55,582.25 18,114.75 es 75.00 75.00 17.43 17.43 57.57 232863.00 23,863.00 21,098.57 219098.57 2,764.43 1,050.00 19050.00 1,064.05 1,064.05 14.05* 14,685.00 14:4,685.00 1492195.37 1,019.70 1502215.07 51530.07* 62,308.00 62,308.00 57,624.03 27.38 57,651.41 4,656.59 113,325.00 113,325.00 91,447.09 17.05 91,464.14 21,860.86 62,807.00 62,807.00 62,880.55 .65 622881.20 74.20* 33,487.00 33,487.00 28,100.32 289100.32 5086.68 692535.00 699535.00 629263.87 878.70 63,142.57 6,392.43 550,254.00 5509254.00 562083.41 482.56 5621865.97 122611.97* 41150.00 42150.00 31245.16 31245.16 904.84 129,872.00 129,872.00 134,261.42 134261.42 4,389.42# 6,400.00 62400.00 6,400,00 1322949.00 1329949.00 133,380.20 133080.20 431.20* 89,000.00 89,000.00 88,550.00 88,550000 450,00 2,270,000.00 37;717.70 22307,717.70 2,242,712.38 582429.32 2001jol4l.70 6,576.00 672910.00 67,910.00 675,910.00 67,91o.00 41894,268.00 37,746.53 419325,014.53 4,770,408.57 68,676.23 41839,084.80 92,929.73 GENERAL FU14P (OUTLAY) APPROPRIATIONS, -EXPENDITURES AND. UNEXP51DED -BALANCES - For the Year Ended December 31,1961 DEPARTIMM OR Appropriation Other Total Disbursements Encumbrances Total Unexpended APPROPRIATION TITLE Credits Available Disburse. & Approp. Encumbrances Legislative 600.00 579060.35 600.00 591.14 949734.88 591,14 8.86 City Clerk 400,00 39725.00 49125.00 489.76 3,635.00 42124.76 - .24 Finance 2,825.00 94,806.88 25825.00 2,664.25 163,411.11 2,664.25 160.75 Assessing 2,530,00 2030.00 2,508.66 2,508.66 21.34 Purchasing 210.00 49728.44' 210.00 200.25 200.25 9.75 Planning 208.00 208.00 149.48 3.49.48 58.52 Engineering 571200.00 579200.00 579200.00 62.42 62.42 62.42* Industrial Development 51617,005.00 500.00 " 500.00 495.00 163,411.11 495.00 5.00 Police 259659.00 1,136.00 26,795.00 18,086.80 6,478.00 242564.80 2,230.20 Fire 81880.00 89880.00 19979.72 39592.97 59572.69 39307.31 Electrical 399710.00 202217.80 599927.80 32,894.19 219693.24 549587.43 52340037 Civil Defense 5,000.00 29342.32 79342.32 39564.06 3,564.06 39778.26 Hospital & Home 7,930.00 500.00 89430.00 99336.37 99336.37 906.37* Health 19700.00 19700.00 1,686.63 19686.63 13.37 Welfare 450.00 450.00 188.63 125.00 313.63 136°37 Recreation 39194.00 500.00 39694.00 29700.27 500.00 39200.27 493.73 Public Buildings 29500.00 22500.00 29394.81 29394.81 105.19 Municipal Auditorium 16,432.00 39200.00 199632.00 179905.86 2,000.00 19,905.86 273.86* Public Works 269,875.00 249939.23 2949814.23 2149766.59 56,648.25 271941,"84 239399.39 TOTAL OUTLAY BUDGET 3889103.00 579060.35 4459163.35 312,602.47 949734.88 407,337.35 37,826.00 TOTAL OPERATING BUDGET 498942268.00 37,746,53 4,932,014.53 49770,408.57 68,676.23 4,8399084.80 92,929.73 TOTAL APPROPRIATION ACCOUNTS 5,282,371.00 94,806.88 59377,177.88 590839011.04 163,411.11 59246,422.15 130,755.73 RESERVE 190,000.00 190,000.00 190;000:00 190,000.00 OVERLAY 14,664.00 49728.44' 99935.56 9,935.56 9,935.56 RECREATION DISTRICT TAX 72,770.00 722770.00 72,770.00 72,770.00 TRANSFERRED TO CAP.IMP. FUND. 571200.00 579200.00 579200.00 572200.00 TOTAL BUDGET REQUIREMENTS 51617,005.00 90,078.44 5,707,083.44.. 5,11.12,916.60 163,411.11 51576027.71 130,755.73 *Deduct CAPITAL IMPROVEMENT FUND APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES As at December .31 1961, Appropriation Other Total Disbursements Encumbrances Total Unexpended APPROPRIATION TITLE Credits Available Disburse.& Approp. Encumbrances Residential Sidewalks 209000:00 209000.00 .199507.20 199507.20 492.80 Morsels Bridge 100,000:00 1009000.00 689770.00 689770;00 319230.00 Abbott Square Parking Lot 259676.25 25,676,25 259659°70 25,659.70 16.55 Pickering Sq. Parking Lot, 489797°32 489797.32 48,797.32 489797032 Kenduskeag Stream Project 196509000000 89000;00 1,658,000.00 176,739.08 191769570.10 193539309.18 3049690.82 Ind. Park Sewer Completion 429200.00 649852.77 1079052.77 107,026058. 107,026.58 26.19 Ind. Park Sewer Extension 123,168.70 1239168.70 1239168.70 1239168.70 Davis Trunk Sewer - 309000.00 359000.00 659000.00 9,586.83 55,144.00 64,730.83 269.17 Fourteenth St. Corrective Work 1079000.00 1079000.00 649989.04 19940.40 669929.44 409070.56 Lancaster Ave. Storm Drain - 8,000,00 8,000.00 89667.53 89667.53 667.53* Crestmont Rd. Corrective Work 59000.00 59000.00 2,364.36 29364.36 29635.64 Rend. Stream Interceptor Sewer 300,000.00 3009000.00 841.02 841.02 2999158.98 Fourteenth Street School 3429167.17 342,167.17 3029411.09 3029411.09 39,756.08 Sprinkler Installation 319202.78 319202.78 35,902.78 359902.78 - 49700.00* High School Construction 39200,000.00 55,000.00 3,2559000.00 929740.30 929740.30 3,1629259.70 TOTAL 593429200.00 8539864.99 6;.96,064.99 190879171.53 1,2339654.50 20209826.03 3,875,238.96 Deduct GENERAL FUND- ANALYSIS OF UNAPPROPRIATED SURPLUS Year Ended December 31, 1961 BALANCE January 1, 1961 ADDITIONS: Excess of Appropriations over Expenditures Excess of Actual over Estimated Revenue Adjustment of Taxes Receivable to Total of Detail Listings Prior Years9 Adjustments Supplemental Levy of Taxes Total Additions Sub Total DEDUCTIONS: Appropriated for Transfer to Public Works Capital Reserve for Taxes Secured by Deeds Reserve for Uncollected Taxes Total Deductions BALANCE e December 31, 1961 130,755,673 72,288.56 2,268.80 6,310.51 6,439.00 9,000.00 44,862.93 44,41447 7. 286,419.06 218,062.60 504,481.66 98,277.40 406,204.216 TAX COLLECTION 8. D U RING YEAR OF LEVY Year Ended Froperty Property Tax Tax Adjusted Collections Dec. 31st Tax List Rate Per M Levy Levy In Year Percent.of of Levy Collectia-is 1951 37,555,470.00 56.00 21126,983.00 29122,915.00 2,076,976.00 97.8 1952 38,077,270.00 53.00 29018,095.00 210119527.00 11974,445.00 98.2 1953 38,4932960.00 City 58.85 Auditorium 1.15 - Total 60.00 29309,638.00 2,3029041.00 29255,556.00 98.0 1954 39,602,000.00 61.50 2,435,523.00 2,434549.00 2,3829000.00 97.9 1955 402227,790.00 City 60.75 Auditorium 1.65 _ Total 62.40 20109214.00 29506,641.00 2,4535,226.00 97.9 1956 40,858,960.00 City 64.60 Auditorium 2.00 Total 66.60 2,7219206.00 297109354.00 296502278.00 97.8 1957 124,358,000.00 City 23.95 Auditorium .65 Total 24.60 3,059,206.00 39001,963.00 2,8569566.00 95.2 1958 123,095,900.00 City 25.38 Auditorium .62 Total 26.00 312009493.00 39193,807.00 2,9819232.00 93.4 1959 125,0019800.00 City 25.40 Auditorium .60 Total 26.00 3,250,046.00 392469829.00 39057,818.00 94.2 1960 126,774,100.00 City 28.42 Auditorium .58 total 29.00 396769449.00 316602163.00 3,442,169.00- 94.0 1961 127,261,300.00 City 30.63 Auditorium .57 Total 31.20 3,970,553.00 3,9689201.00 3,6969342000 93.2 STATEMENT OF TAX DEEDS AND TAX LIENS Year Ended December 31,1961 Year Balances 1960 Taxes Property 1/1/61 Interest Redeemed Titles Taken Cancelled Balances and Costs By City 12/31/61 1949 20.98 20.98 1950 66.21 66.21 1951 117.02 117.02 1952 161.80 1,61.80 1953 311.36 17.70 293.66 1954 300.83 93.01 .207.82 1955 449.03 118.49 330.54 1956 1,199.91 411.30 788.61 1957 2,424.36 1,074.90 12349.46 1958 6,107.13 2,833.13 3,274.00 1959 20,039.21 9,686.11" 10053.10 1960 68,176.28 30,628.22 328.38 37p219,61 ` TOTALS 319197.84 68,176.28 44.,862.93 328.38 54,182.81 ANALYSIS OF TAXES RECEIVABLE As at December 31,1961 Year Taxes Uncollected 1957 3,483.27 1958 39311.86 1959 9,773.98 1960 259389.16 1961 278435!.09 Total 320,312 9. STATEMENT OF MUNICIPAL -PROPERTY December 31, 1961 CLASSIFICATION AMOUNT Buildings 52522,360.00 Land 1,6149520,00 Streets 4,3122927.00 Servers 32203,195.00 Sidewalks 411,644.00 Bridges 702050,00 Retaining Walls 164 020,00 Statues 21010000,00 Electrical 305,076.00 Street Signs g 964.00 TOTAL 16,455,056.00 ix s RESOURCES Cash on Hand and Deposits Postage Meter.Fund 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 Account Estimated Revenue City Property Tax Deeds Fixed Property To be Provided in Future Periods- 2,550,000.00 2,550,000-..00 25,40.9,371.11 741,560.44 5,1081893.46 516,319.45 2,581,000.00 16,461,597._73 TOTAL RESOURCES COMBINED FUND BAT,ANCE SHEET As at December 31, 1961 Fixed Asset Fund 6,541.73 162455,056.00 FJ 2 General Capital Trust and 1junicipal TOTAL Fund Improvement Agency Debt Fund Fund Fund 612,349.55 248,436.21 255,893.46 1059019.88 500.00 500.00 27,889.07 27,889.07 265,717.26 265,717.26 17,693.27 17,693.27 100,000.00 1009000.00 44,806.77 44,806.77 17,462.27 172462.27 319000.00 31,000.00 320,312.36 3202312.36 54,182.81 54,182.81 2,995.10 21995.10 961.14 961.14 49,063.48 49,063.48 576.01 576.01 2,261.29 2,261.29 4,850,000.00 42850,000.00 6,541.73 16,455,056.00 Fixed Asset Fund 6,541.73 162455,056.00 FJ 2 LIABILITIES, PPSMVES AND SURPLUS Notes Payable Bonds Outstanding Appropriations. School Dept..Revenue-Prepaid Motor Excise Taxes -Prepaid Off-street Parking Fund Police & Fire Services - School National Defense. Act Town Rd. Improvement --Reserve Group Insurance Reserve Encumbrance Reserve Uncollected Taxes Reserve Miscellaneous Reserve - Investment in Fixed Assets Surplus Unappropriated TOTAL LIABILITIES, RESERVES AND SURPLUS- COMBINED URPLUS- C0MBINED-FUND:.BA-LAN C E SHEET As at December 31, 1961 25,409,371.11 741,560.44 51108,893.46 5169319.48 2958.1,000.00 16,461,597:73 N H General Capital Trust and Municipal Fixed TOTAL Fund Improvement Agency Debt Asset Fund Fund Fund Fund 75,000.00 .75y000.00 2,5o6,000.00 2,5o6,000.00 32575,235.96 3,875,238.96 602352.00 60,352.00 37,412.77 37,412.77 32,628.18 32,628.18 .305.05 305.05 11,143,08 119143,08 179462.27 172462,27 1,06.5.82 1,065.82 1,397,065.61 1639411.11 11233,654.50 119575.90 11,575.90 516,319.48 516;319.48 16,461,597.73 16,461,597.73 4069204.26 406,204.26 25,409,371.11 741,560.44 51108,893.46 5169319.48 2958.1,000.00 16,461,597:73 N H Rog STATEMENT OF TRUST AND AGENCY FUND. As at December 31,1961 Fund Balance Principal Income Total Fund 12., Adams 109000.00 109000.00 Bangor Children's Home 40,000.00 1,111.57* 38,888.43 Bangor Firemenfs Relief 109733.95 1,009.99 115,743.94 Bangor Fuel Society 4000,00 38.32* 4,461.68 Bangor High School Loan 200.00 136.99 336.99 Bangor Mechanic Association 129000.00 102.17* 11,897.83 Bass Park 4,910.48 4,910.48 Cemeteries- 113,142.75 4,575.31 117,718.06 Arthur Chapin 14,537.85 39355.23 17,893.08 Thomas U. Coe 3,000,00 25.54' 22974.46 Hiram H. Fogg 1,000.00 308.92 19308.92 French Medal 4750.00 29918.17 71668.17 Hersey 100,000.00 1001000.00 Holton Public School 2,000.00 33.97* 1,966.03 Home for Aged Women 259000.00 212.85* 242787.15 Kirstein-City Hospital & Home 500.00 91.31 591.31 Kirstein Missionary 19000.00 220.39 1,220.39 Kirstein Scholarship 5,000.00 327.37 5027.37 Kirstein Student Loan 209693.27 20,693.27 O'Connell Trust 1,000.00 549.76 1,549.76 Hiram P. Oliver 2,000.00 640.20 2,640.20 Pierce 4000.00 34.06* 39965.94 L.E. Sabine 1,000.00 571.82 11571.82 Stetson Missionary 12,000.00 5080.30 17080.30 Stetson 59000.00 51000.00 George T. Stodder 119000.00 93.65-* 10,906.35 Wakefield 10,000.00 85.14* 9,914.86 A.E. Webber, Jr. Scholarship 2,000.00 85.69 2,085.69 Undistributed Principal - 140.63 140.63 Miscellaneous Employee Deductions 49576.69 4,576.69 Employees' Retirement 109213.10 10,213.10 Hunting and Fishing Fees- State 283.65 283.65 Withholding Tax - Federal 489211.63 489211.63 Employees' Savings Bonds 2,909.48 2,909.48 Employees' State Group Life Insurance 19890.20 1,890.20 Survivors' Benefit- City 567.15 567.15 Survivors' Benefit- Schools 7.20 7.20 Miscellaneous Deposits 2,914.42 2,914.42 United Fund 56.80 56.80 State Sales Tax 101.78 101.78 State Plumbing Fees .01 .01 Workmen -Is Compensation 39392.79 39392.79 Miscellaneous- School Dept. 19651.47 1,651.47 TOTALS *Deduct 492,974.82 23,344.66 516019.48 STATEMENT OF DEBT LIMIT AND BORROWING CAPACITY December 31, 1961 Assessed Valuation April 1, 1961 Debt Limit (7-21% of Valuation) 9,544097.50 City of Bangor Liabilities: Bonded Indebtedness 2,506,000.00 Notes Payable 75,000.00 21581,000.00 Net Borrowing Capacity Year 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 Totals Year Year Year Year Year Year Year Year Year Year Year Bond Maturities 226,000.00 214,000.00 197,000.00 184,000.00 133,000.00 133,000.00 123,000.00 123,000.00 123,000.00 123,000.00 123,000.00 123,000.00 123,000.00 90,000.00 90,000.00 90,000.00 79,000.00 79,000.00 40,000.00 40,000.00 3%000.00 15 000.00 2,50 ,000.00 FUTURE DEBT SERVICE ON PRESENT DEBT December 31, 1961 Total Bond Note Note Future Interest Maturities Interest Debt Service 74,500.50 69,025.00 63,727.00 58,684.00 53,836.00 49,768.00 45,700.00 41,962.00 38,224.00 34,486.00 30,748.00 27, 010.00 23,272.00 19,534000 16,357.00 13,180.00 10,003.00 7,204.00 4.,405-00 3,049.00 1,693.00 507.00 686,874-50 39,000.00 Net l4y 000.00 Debt 1951 11217,000.00 1952 11308;500.00 1953 1,8181500.00 1954 11728,500.00 1955 19643,500.00 1956 1,7029500.00 1957 1,6751500.00 1958 19493,000.00 1959 291832000.00 1960 21391,000.00 1961 2,581,000.00 39,000.00 12407.50 l4y 000.00 785.00 14,000.00 475.00 4,000.00 165.00 4,000.00 55.00 75,000.00 297.50 340,908.00 297,810,00 275,202.00 246,849.00 190,891.00 182,768.00 168,700.00 164,962.00 161,224.00 157,486.00 153,748.00 150,010.00 146 272.00 109,534.00 106,357.00 103,180.00 89,003.00 86,204.00 44,405.00 43,049.00 36,693.00 15,507.00 31270,762.00 NET DEBT RATIO TO ASSESSMENTS AND NET DEBT PER CAPITA Assessments 37,555,470.00 38,077,270.00 38,493,960.00 39,6021000.00 40,227,790.00 40,858,960.00 1245358,000.00 123,095,900.00 1259001,800.00 126,7749100.00 127,261,300.00 13. 127,261,300.00 629632597.50 Payments to be made from General Water Fund District 323,455.50 290,600.00 268,097.00 246,849.00 190,891.00 182,768.00 168,700.00 164,962.00 161,224.00 157,486.00 153,748.00 150,010.00 146,272.00 109,534.00 106,357.00 103,180.00 89,003.00 86,204.00 44,405.00 43,049.00 36,693.00 15 507.00 31238y994.50 Net Debt Ratio to Assessments .03246 .03436 .04724 .04365 .04085 .04167 .01347 .01213 .0174.6 .01886 .02081 17,452.50 7,210.00 7,105.00 31, 27.50 Per Capita Net Debt 38.63 41.4:6 57.62 54.77 52.09 53.96 53.11 47.32 69,19 61.38 66'.33 'z CITY OF BANGOR HOSPITAL & HONE DEPARTMENT MONTHLY OPERATING STATEDENT `• Month of December,1961 OPERATING REVENUE: ACCOUNT 6051 Hosp.Charges Full Pay Cases 6052 Home Charges Full Pay Cases 6053 Hosp.& Home Miscellaneous 6054 Hosp.Chgs. Part Pay-Indiv. 6055 Home Chgs. Part Pay-Indiv. 6056 Hosp.- State Nursing Aid 6057 Home- State Nursing Aid 6058 Custodial Home Care Status S.N. Aid 6095 Hospital & Home -Rental TOTAL REVENUE 1961 This Year Budget Month To Date 50,000.00 69453.45 669300.04 800.00 124.00 104.50 459.92 339000.00 19080,42 159992.41 59 500.00 48,500.00 7,000.00 129556.96 19407.50 729167.96 1,532.50 14. Last Year' Month To Date 62772.50. 479313.50 62.00 3,124.97 699.50 2,708.28 420.50 744.00 355.25 31,351.44 6,373.00 37,691.27 5,556.90 75.00 150.00 900.00 75.00 900.00 1451775.00 20,270.33 1559914.33 13,787.75 129,535.36 OPERATING EXPENSE: ACCOUNT 40-0-1 Personal Services 1139656.00 119290.26 1149170.00 10015°34 107,168.33 40-0-2 Supplies 429325.00 39961.87 449340.85 32977.54 419715.76 40-0-3 Contractual Services 149130.00 19606.78 129817.55 1,951.34 15,351.55 40-0-4 Communications 750.00 62.75 737.34 61.10 684.04 40-0-5 Fuel & Utilities 79400.00 19056.53 79749.90 955.16 59559.24 40-0-6 Equipment Costs 424.00 19.10 307.56 30.30 433.06 SUB TOTAL 1789685.00 179997.23 180,123.20 179490.78 1709972.01 40=0=98 Credits-Hosp.(Deduct) 309000.00 29900.88 289807.13 22712.87 329097.20 40-0-99 Credits -Home (Deduct) 49000.00 93.00 19101,00 310.00 39715.37 TOTAL OPERATING EXPENSE 1449685.00 159003.35 1509215.07 149467.91 135,159.44 NET INCOME 19090.00 59266.98 89699.26 680.16* 59624.08* *Loss I '1 CITY OF BANGOR AUDITORIUM DEFARTMENT MONTHLY OPERATING STATEMENT Month of December,1961 OPERATING REVENUE: ACCOUNT 4075 Building Rental 4076 Basketball Floor 4077 Rough Floor 4078 Ice Rink 4084 Adm.Fees City Ice Skating 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 51-I-7 Sundry Charges SUB TOTAL CONCESSIONS 51-2-2 Supplies 51-2-3 Contractual Services 51-2-4 Communications 51-2-5 Fuel & Utilities *Loss SUB TOTAL TOTAL OPERATING EXPENSE OPERATING PROFIT 1961 Budget 19,000.00 400.00 .800.00 225.00 7,400.00 17,000.00 L 44,825.00 19,888.00 2,010.00 6,825.00 525.00 13,800.00 375.00 43,423.00 9,850.00 3,900.00 150.00 13,900.00 57,323.00 12,498.00* This Year Month To Date 49285.80 27,072.41 162.00 450.00 300.00 870.00 300.00 15. Last Year Month To Date 10,416.70 28,872.73 126.00 396.00 210.00 720.00 225.00 2,475.00* 412.01.40 19,053.01 42529.17 19,511.08 8,949.20 47,745.42 12,806.87 49,724.81 1,924.00 162779.22 313.49 1,887.33 684.63 60401.34 42.65 502.30 21902.35 12,023.97 29.66 205.62 5,896.78 37,799.78 1,963.57 92704.86 690.95 2,932.19 29.76 2,654.52 12,666.81 8,551.30 50,466.59 397.90 2,721.17# 21137.50 15,510.30 121.45 .1,279.14 278.95 5,287.61 49.70 503.27 2,708.25 11,163.41 182.83 3.98 5,295.85 331930.54 2,230.41 10,180.16 671.15 2,648.42 209.16 308.16 31110.72 13,136.74 8,406.57 47,o67.28 42400.30 21657.53