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1960
City of Bangor Maine ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED DEC. 31/ 1960 Members of the Council City of Bangor, Maine We have examined the following financial statements of the City of Bangor for the year ended December 319 1960; Balance sheets - all fundis Statement of estimated and actual revenues - general fund Statement of appropriations and expenditures - g enera 1 fund Statement of unappropriated surplus o general fund Statement of appropriations and expenditures - 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 pro- cedures as we considered necessary in the eir-vumstanees. In our opinion,, the foregoing statements present fairly the financial position of all funds of the City of Bangor at December 31, 1960, and the results of operations of the general and capital improvement fund's for the year then ended, in conformity with generally accepted governmental accounting principles applied on a basis consistent with that of the preceding year. ERNST & ERNST ACCOUNTANTS AND AUDITORS Portland, Maine February 17, 1961 I, C O N T E N T S General Hand Balance Sheet Estimated and Actual Revenues 1 2&3 General Fund., Appropriations., Expenditures and Unexpended Balances (Operating) 4 General Fund., Appropriations., Expenditures and Unexpended Balances (Capital) 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 Sheete Resources 10 Combiner -Fund Balance Sheet., Lidbilitie6 hnd Reserves Statement of Trust and Agency Fids 12 ,Statement of ,Debt Limit and Borrowing Capacity 13 Future Debt Service on Present Debt 13 ,Net.Debt_Ra,tio to Assessments and. Net Debt Per .Capita 13 Monthly Operating Statement (Hospital & Home) 14 Monthly Operating Statement (Auditorium) 15 GENERAL FUND BALANCE SHEET C I T Y 0 F--B_A-N'G'0'R-, M A I E December 31, 1960 ASSETS CASH ON HAND AND DEPOSITS CASH ADVANCES AND WORKING FUNDS Petty Cash 910.00 Postage Fund 00.00 TAXES RECEIVABLE Uncollected Taxes ACCOUNTS RECEIVABLE - Uncollected Taxes,. Secured by.Tax Deeds Uncollected,Taxes Secured by Seager Deeds Town Road.Improvement Fun Other, Miscellaneous INVENTORIES Office Supplies 1,005;67 Public Works 40,973.72 Revised Ordinances 29115,68 44 095.07 31,197084 2,998.10 d 26,876.97 41,304°93 102,377.84 TOTAL ASSETS Deduct* 530,487.63 SURPLUS - Unrealized TOTAL LIABILITIES, RESERVES AND SURPLUS 17,609.05 226,459.52. 286,419.06 530,487.63 LIABILITIES, RESERVES & SURPLUS 1079042,80 LIABILITIES Pt-epaid 1961 Auto Excise Tax RESERVES 19/.10;00 Encumbrances 1239467.99 Off-street Parking 13,,783.58 Police and Fire Services 4BO-43# 2759561.92 Town Road Improvement - - 269876.97 School Bldg. C t. -Fed. Grit 449838.00 School N.D. Act -1,863,11# Uncollected Taxes 18,770.70 Group Insurance 1,065.82 102,377.84 TOTAL ASSETS Deduct* 530,487.63 SURPLUS - Unrealized TOTAL LIABILITIES, RESERVES AND SURPLUS 17,609.05 226,459.52. 286,419.06 530,487.63 STATEMENT OF REVENUE -,EST I MATED AND A C T U A L _For the Year Ended December 319 1960 TAXES -CURRENT YEAR'S LEVY Real Property - Personal Property Polls Total Taxes -Current Year ts. Levy TAXES -PRIOR YEARS-& OTHER -LOCAL Taxes -Prior Years -Levies Tax Deeds & Saler of Property Other Local Taxes & 'Penalties Total Taxes Prior Years & Other Estimated Revenue 298829110,00 720,000,00 -17,000.00 39619,110000 99,000,00 199300000 267,500,00 Local 3859800,00 Revenue Billed & Uncollected 1759321.81 739362,20 60843000 255,527001 Cash - Receipts 2.7889201;6-9 6539967060 13.899.00 3,456,068029 1839717058 289759.02 291,818,74 504925.34 Total Revenue 299639523,050 7279329080 .-20,742.00 39711,595.30 1839717.58 28,759002 2919818.74 5049295°34 LICENSES & PERMITS 33,460039 339460039 39061* For Street Use 62,000,00 629181,19 629181,19 Street Privileges & Permits 760000 760,00 - 760,00 Business la6enses 19400,00 19160,00 1,160,00 Police & Protective 39125.00 39135-00 391 35000 Amusements. 420000 529,00 529°00 Professional & Occupational. 500,00 709,00 709,00 Non -business Licenses & Permits -49.300,00 4n64i,63 4.641.63 Total Licenses & Permits 729505000 739115,82 739115.82 FINES, FORFEITS 8e PENALTIES Fines & Court Fees 279000,00 32,337,52 329337052 Total Fines,Forfeits & Penalties 27,000.00 329337.52 329337.52 USE OF MONEY & PROPERTY Miscl, Rents & Concessions 149975°00 16,434.50 169434050 Municipal Auditorium 44,112000 29541073 47.183008 490724081 Total Use of Money & Property 599087000 29541.073 639617058 669159031 FROM OTHER AGENCIES - State Shared Taxes State Grants -in Aid- F°ederal Grants _.in -Aid Payments in Lieu-of,Taxes Total from Other Agencies *Deduct Excess or Deficiency* 819413050 7'329080 39742000 92,485.30 849717,58 99459002 24931.8074 118,495.34 3,81,19 240000* 10,00 109,00 209,00 341.63 610,82 52337.52 59337.52 1,459050 59612081 79072031 339500,00 33,460039 339460039 39061* 267,716000 259,868.58 2599868058 79847042* 2479300000 2009477004 2009477,04 .46,822096# 19774000 1,773060 19773.66 040* 550'290000 1,773.60 4939806001 495,579.61 54,710039* N s S TAT E.M_E,N T OF -R E V E NU E-- E S -T IMA T-E'D AND ACTUAL For the Year Ended December 319 -1960 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 Garland Street Field. Fund Public Works-Equigiment_ Reserve Off-street Parking Fund Surplus Total Transfers from Other Funds REIMBURSEMENTS General Government Welfare. Electrical & Public Works Total Reimbursements GRAND TOTAL m REVENUE *Deduct Estimated Revenue Cash- Total Excess -or - Revenue Billed & Receipts Revenue Deficiency* Uncollected 119 97th.00 7.82 129.208.25 129 216.07 246.07 59468.00 180.60 39826.18 49006,78. 19461,22# 39500000 525.00 79;00 604,00 29896®00* 379100.00 23971.0.07 69374093 309085,00 79015000* 19900000 178°50 29756.85_- 29935.35 19035.35- 13.59030,00 69964000 1229571,36 1299535036 59494-.64* 409000000 59676.33 329038.58 379714091 29285.09 79400,00 79818.93 79818093 418.93 900.00 '937.85 937.85 37.85 24,450.00 93.00 24.599096 - 2L692,96 242.96 2 79718.00 379335032., 2139211.89 2508547,21 179170.79* 498 550.00 20.900000- 20,00o.06 000,-06 899550.00 99050,00 ,29844..37 209000100 378.17 9,000.00 435,16 389050.00 39657;70 19301.28 528197.36 209000600 20.000.00 939498.64 79158.36 149962.62 39916.48 269037.46 19301.28 529197.36 209000.00 200000.00 93,498064 109002,73 154340°79 �.fl351.64 299695.16 19301.28 29647.36 39948.64 952.73 45659.21* 49648.36* 89354.84* 591099110.00 3009835.36 499559988.55. 59256,823.91 1479713,91 w Total Disbursements& Encumbrances 59 7491.03 219911,45 219626.67 34.9712.84 109198.43 29 9 i,86.4o .219573.43 9,454.35 229248.62 10,9613.33 369262.54 5966o.08 177.5:4 12947645 301,993.09 4269276.13 829937.72 217.06 229295,51 647.38 135,159.44 529937.75 989172.04 558904.25 299785.31 579463.68 5249529.69 189.41 1328771.64 111,568.26 889275.00 29066,778.02 63,426. oo Unexpended- Approp. 548.97 986.94 19633°33 17,670816 242.4.3* 95.40* 29484.57 322.65 39232.38 415.67 39018046 18.08* 222.46 19132.55 351.57* 169518087 109459.72* 282.94 18336.49 412.62 3,170.56 18858.25 89427.96 1,315.75 4,106.69 119432.32 28,573.31 39.310.59 169771064# 100.00 431.74 98,21 TOTAL OPER. BUDGET 49558,117.00 209159,14 495782276.14 4,4459805.96 47,364.58 4,9493,170.54 85,105.60 *Deduct GENERAL FUND (OPERATING) APPROPRIATIONS, EXPENDITURES AND --UNEXPENDED -BALANCES . For the Year Ended.Dec.ember 31, 1960 DEFARTIENT OR Appropriation Other- Total' Disbursements Encumbrances APPROPRIATION TITLE Credits Available Legislative 69190.00 100.00 68290.00 59637.08 103.95 Executive 229488.00 410.39 229898.39 219897.06 14.39 City Clerk 23,26o0oo 239260.00 219556.55 70.12 Finance 519983.00 400,00 529383,00 349712.84 Registration of rioters 99956.00 99956.00 109198.43 Assessment 299091.00 299091000 299186.40 Treasury 249058.00 24,058.00 219551.22 22.21 Purchasing 99777.00 99777.00 8.974.35 480.00 Planning 259481.00 259481000 21.F421.64 826.98 Legal 119029.60 119029.00 109613.33 Engineering 399281.00 399281.00 36914.7.31 115.23 Personnel 59642000 59642.00 59660008 Civil.Service Commissicn, 400.00 400.00 177.54 Ind. Development 139609.00 139609.00 129475.98 .47 Posit® 2999269.00 28372.52 301,641.52 2999893.29 29099.80 Fire 4429795.00 4429795.00 4259889;13 387000 Electrical 72,4.78.00 729478.00 829060.77 876.95 Seale° of Wghts.&Deas. 500.00 500000 217.06 Inspection 239632.00 239632.00 229275.20 20..31 Civil Defense 19060.00 1,060.00 647.38 Hospital & Home 1389330.00 1389,330.00 1349314070 844.74, Health 549796.00 549796.00 529925.38 925.38 12..31 Welfare 1068600.00 106,600.60 979931,,08 240.96 Recreation 579220.00 579220.00 55,873.93 30.32. Public Buildings 339892.00 339892,00 299133.30 652.61 Municipal Auditorium 68,896.00 68,896.00 579424,68 39.00 Public Works 55391.03.00 5539103.00 5219719.62 29810.07 Harbors & Wharves • 39500.00 39500,00 189.41 Pensions & Group Ins. 1169000.00 1169000.00 1329771.64 Contingent 100.00 100.00 Debt Service 1129000.00 1129000.00 1112568.26 Taxes Paid to County 889275.00 889275.00 88,275.00 Education 290509000.00 169876.23 29066,876.23 290299060.32 379717.70 .Public Library 63,426.00 63,426,00 63,426 00 Total Disbursements& Encumbrances 59 7491.03 219911,45 219626.67 34.9712.84 109198.43 29 9 i,86.4o .219573.43 9,454.35 229248.62 10,9613.33 369262.54 5966o.08 177.5:4 12947645 301,993.09 4269276.13 829937.72 217.06 229295,51 647.38 135,159.44 529937.75 989172.04 558904.25 299785.31 579463.68 5249529.69 189.41 1328771.64 111,568.26 889275.00 29066,778.02 63,426. oo Unexpended- Approp. 548.97 986.94 19633°33 17,670816 242.4.3* 95.40* 29484.57 322.65 39232.38 415.67 39018046 18.08* 222.46 19132.55 351.57* 169518087 109459.72* 282.94 18336.49 412.62 3,170.56 18858.25 89427.96 1,315.75 4,106.69 119432.32 28,573.31 39.310.59 169771064# 100.00 431.74 98,21 TOTAL OPER. BUDGET 49558,117.00 209159,14 495782276.14 4,4459805.96 47,364.58 4,9493,170.54 85,105.60 *Deduct GENERAL FUND .( CAPITAL) APPROPRIATIONS, �DITURES AND UNEMNDED.BALANCES For the. Year .Ended December 3191960 DEPARTMENT OR Appropriation Other Total- Disbursements Encumbrances Total Unexpended APPROPRIATION TITLE 405789276.14 Credits Available TOTAL APPROFaACGOUNTS,4,9079862.00 Disbursements-.& Appropo 4976o.719.28 120,530.30 49881,249.0 1268533052 RESERVE 1109000.00 110,000.00 Encumbrances 1109000.00 Executive 500000 189983.90 500.00 490,06 3693490'90 4900 06 9.94 City Clerk 39 900,00 730882.00 39900.00 175000 3 9725000 39900,00 Finance 40MO 400,00 388.43 388.43 11.57 Registration of Voters 330000 330.00 269033 269.33 60,67 Assessment 285000 285000 273.65 273.65 11.35 Treasurer 19390000 19390.00 19319.68 19319068. 70032 Purchasing 110000 110,00 109.20 109,20 Planning - x.65,00 165,00 90.18 90.18 .8o 74082 Engineering 39310,00 39310.00 _30305.20 30305.20 4080 Industrial Development 50,00 500.00 550.00 46.31 500,00 546,31 3.69 Police 129318.00 120318.00 119119.74 392.08 119511.82 806,18 Fire 289275.00 289275000 29940.46 22.448.84 259389.30 29885070 Electrical 4188.1.00 26:,862.22 689673.22 369591014 2093®3.00 560894°14 119779.08 Sealer of .Wght.s.&_ PAeas. 338.18 33.8.18 338018# Inspection 175.00 175:.00 125.33- 125.33 49067 Civil Defense 580Q0.00 59000.00 28656.68 29342.32 40999000 1,00 Hospital & Home 69625.00 6.9625.00 69113.62 500.00 69613.62 11,38 Health Recreation 200.00 39320000 19400000 200.00 49720000 180.52 39853.85 500.00 180.52 40353085 19.48 366.15 Public Buildings 19150.00 19150.00 1815606- 156- 11.150.00 Municipal Auditorium 139411.00 19000.00 149411.00 7°21`1,:.88 39200000 .109.411.88 3 999.12 Pixbli.c Works 227 020.00 9 499999074 2779019.74 2368274.08 y� 199145-28 255;419.36 9 219600.38 TOTAL CAPI'PAI, BUDGET 3499745b00 79,761.96 4299506.96 3149913..3.2 739165.72 3889079,04 41$427.92 TOTAL OPER.BUDGET 495589117.00 209159.1.4 405789276.14 49/459805.96 479364.58 494939170054 858105060 TOTAL APPROFaACGOUNTS,4,9079862.00 99992..10 59007,783.10 4976o.719.28 120,530.30 49881,249.0 1268533052 RESERVE 1109000.00 110,000.00 1100000..00 1109000.00 OVERLAY 178366000 189983.90 36,349090 360349090 3693490'90 RECREATION DIST.TAX 739882.00 730882.00 730882.00 739882.00 TOT . BUDGET REQtMEMEMI S 591099110.00 1188905000 592288015.00 49980p951.18 1209530.30 591019481.48 126x533.52 *Dedtict CAPITAL IMPROVEPENT FUND APPROPRIATIONS, EXPENDITURES -AND. UNEXPENDED BALANCES` Eor the Year Ended December 319 1960 Appropriation Other— ;Total Disbursements Encumbrances Total ITne3;perided APPROPRIATION TITLE 'Credits Available Disburse.& Approp. Encumbrances Residential Sidewalks- 209000.00 209000,00 192507.20 199507020 492.80 Abbott -Sq. Parking -hot --Parking 25,676.25 259676,25 259659°70 259659.70 16,55 Pickering Sq. Lot 209000.00 289797032 4.89797.32 489797032 48979702 Morsels Bridge 1009000.00, 100,000.00 679500,00 679500,00 32000°00 Ind.Pk.Sewer Completion 509000.00 149852.77 649852.77 329486.47 329486.47 329366.30 Ind. Park Sewer Extension 1209000.00 39168.70 1239168.70. 1239968.70 1239168.70 Fourteenth Street School 909000900 2079329.17 2979329.17 2449170.62 2449170062 53y158.55 Sprinkler Installation 3,140.00 289062.78 319 319202.78 a202078 31 202.78 High*School Construction -Trunk 559000.00 559000.00 549584.05 549584.05 415e95 Davis Sewer 359000.00 359000,00 35;000,00 Kenduskeag-Stream Project 89000.00 89000..00 19994.45 69022-io 89016.55 16.055* TOTAL 493914.0.00 3159886.99 8099026.99 6499071.29 69022.10 6559093.39 1539933.60 *Deduct CN GENERAL FUND 7. ANALYSIS OF UNAPPROPRIATED SURPLUS Year Ended December 31, 1960 Balance at January 1, 1960 ADDITIONS From,operations: Excess of estimated revenues over appropriations for 19602 Revenue from general property and poll taxes (Note) Departmental revenues Less appropriation (including $589140.00 allocated to the Capital Improvement Fund) Excess of actual over estimated revenues for 1960 Excess of appropriations over expenditures for 1960 Adjustment of public works inventory Adjustment of taxes receivable to total of detail listings Profit on sale of city property Supplemental tax levy Prior years' adjustments, etc. DEDUCTIONS Appropriated for 1960 budget use: General Fund operating General Fund capital Capital Improvement Fund $33586,0012.00 1,490,000000 590762002.00 4,966,002a00 $ 110,000°00 55,228.61 326,533°52 $ 291,762,13 16,063071 12,719°68 9,156.49 6,647010 19330.53 $2212921.98 337,677.64 $559,599062 244,324070 5,500,00 249,824070 - 230 55.86 273,180,56 BALANCE AT DECEMBER 31, 1960 $286,419.06 NOTE - Total tax commitment for 1960: Real estate Personal property Poll Less transfers to: Recreation district tax Overlay (allowance for doubtful taxes receivable) $29946,663.90 729,785,00 19,785-00 $1696,233-90 73,882.00 36049.90 110,231.90 $3,586, 002.00 TAX COLLECTION 8. DURING YEAR OF LEVY Year � Collections Ended Property Property Tax Tax Adjusted In Year Percentage Dec.31st. Tax.List. Rate per M Levy Levy of Levy of (b.71ecUca�s 1951 37,555,470000 56.00 2,1269983,00 29122_,915,00 2,0769976000 97.8 1952 382077,270.00 53.00 2,0181095.00 2,0119527.00 199742445000 98.2 1953 38,493,960,00 City 58.85 Auditorium 1.15 Total 60.00 22309,638.00 29302,041.00 292552556.00 98,0 1954 39,6022000.00 61.50 224359523.00 224319549.00 29382,000.00 97.9 1955 401227,790.00 City 60.75 Auditorium. 1,65 Total 62.40 2,5102211,,.00 29506,641.00 29453,226.00 9709 1956 40,8589960.00 City 64.60, Auditorium 2.00 Total 66.60 297219206.00 297102354.00 22650,278.00 97.8 1957 1243581000.00 City 23.95 Auditorium .65 Total 24.60 3,059,206.00 39001963.00 228569566.00 95.2 1958 12320952900..00 City 25.38 Auditorium. .62 Total 26.00 392009493.00 321939807.00 229818232.00 93.4 1959 1252001,800,00 City 25,40 Auditorium .60 Total 26000 392509046.00 3,246,829.00 390579818.00 941,2 1960 126,774,100.00 City 28,42 Auditorium .58 Total 29.00 3.2676,449.00 3966o9163,00 39.442,169.00 94.0 STATEMENT OF TAX DEEDS AND TAX LIENS Year Ended December 3'1,-, 1960 Year Balances 1959 Taxes Property 1/1/60 Interest Titles Taken Balances and Costs Redeemed By City Cancelled 12/31/60 1949 20.98 20.98 1950 66.21 66.21 1951 145.79 28.77 117.02 1952 314.13 152.33 161.80 1953 482.61 171.25 311.36 1954 605.25 289.52 14.90 300.83 1955 816,13 335.66 26.56 4.88 1,.4,9,03 1956 12815.37 566,55 28.08 20.83 19199.91 1957 39935.84 19350.62 160.86 29424.36 1958 209068.07 139859.40 1.01.54 62107.13 1959 319571.61 112506.41 25-99 202039.21 289270.38 319571.61 289260.51 343.03 40.61 319197.84 ANALYSIS OF TAXES RECEIVABLE As at December 31,1960 Year Taxes Uncollected 1957 49235®15 1958 49382,96 1959 1960 119416.80 255,,527.01 2759561092 STATEM IT OF MUNICIPAL PROPERTY December 31, 1960 CLASSIFICATION Buildings Land Streets Sewers Sidewalks Bridges Retaining Walls Statues Electrical Street Signs TOTAL AMOUNT 55229360000 1,614,520°00 4,312.9927.00 39203,195.00 411,644.00. 702,350.00 164,020.00 210,000.00 305,076.00 8,964.00 1694559056.00 9. 1 V C OMB INED ._FUN -D_ BA LANCE SHEET As at December 31, 1960. TOTAL RESOURCES Fixed Asset Fund 6,541.73 1694559056000 20,037,374.17 5309487.63 1599955.70 4949333.11 213919000.00 1694619597.73 H 0 Capital Trust and Municipal General Improvement Agency Debt RESOURCES TOTAL. Fund Fund Fund Fund Cash on Hand and Deposits 3469331,09 1079952°80 159,955070 78,422,59 Postage Meter Fund 500.00 500,00 Savings Accounts 339241.93 339241.93 Securities 265,798.13 2659798.13 Custody of Kirstein Fund Trustees 169870.46 16,870.46 Hersey Fd.Invest..in City Hall 1009000.00 1009000.00 Accounts Receivable 412304.93 419304.93 Town Rd.Improvement Acct... 26,,876.97 269876.97 Due from Bangor Water District 489000.00 489000.00 Taxes Receivable 2759561.92 2759561.92 Taxes Receiv.-Tax Deeds and Liens 319197.84 319197.84 Acets.Receivable=Sevier-Deeds 29998.10 29998.10 Office Supplies Inventory 19005.67 19005067 Public Works Inventory- - 409973.72 409973.72 Ordinance Revision Account 29115.68 29115.68 City Property Tax Deeds 69541;73 Fixed Property 16.94559056.00 To be Provided in Future Periods 293439000.00 22343900Q.00 TOTAL RESOURCES Fixed Asset Fund 6,541.73 1694559056000 20,037,374.17 5309487.63 1599955.70 4949333.11 213919000.00 1694619597.73 H 0 Municipal Debt Fund 114,000,00 23,277,000,00 Faxed Asset Fund 169461,597.73 TOTAL LIABILITIES & RESERVES 209037,374,17 5309487-063 . 1599955.70 4942333°11 2,391,000m00 1694619597°73 *Deduct H N .,COMBINED -F U N D- B A L A N C E S H'E E T As at December 31; 1960 Capital. Trust and General Improvement Agency LIABILITIES & RESERVES TOTAL Fund Fund Fund Notes Payable 1149000.00 Bonds -Outstanding 292772000oOO Appropriations 1539933.60 1539933.60 Motor Excise Taxes -Prepaid 179609,05 179609005 Off-street Parking. -Fund- 139783,58 139783,58 Police and Fire Services 480043' 480.43* School National -Def, -Act 19563,11' 19863,11* School B1dg,Construction Fund .149838,00 449838000 ,Res, -Town Rd,Impr-ovement 269876,97 26,876,97 Res, -Group Insurance - 19065,82 1,065,82 Resp -Encumbrances 129,490.09 1239467,99 69022.10 Res, -Uncollected -Taxes 189770,70 18,770,70 Res. -Miscellaneous- - 4949333.11. 4949333.11 Investment in Fixed -Assets 1694619597.73 Surplus, Unappropriated 2869419.06 286,419,06 Municipal Debt Fund 114,000,00 23,277,000,00 Faxed Asset Fund 169461,597.73 TOTAL LIABILITIES & RESERVES 209037,374,17 5309487-063 . 1599955.70 4942333°11 2,391,000m00 1694619597°73 *Deduct H N STATEMENT OF TRUST AND AGUTCY FUNDS As at December 31; 1960 Fuhd'. Balance Total FUND Principal Income Fund ,Adams 109000,00 10,000,00 Bangor Children's Home 40,000.00 228.97 40,228,97 Bangor Firemen's Relief 109733.95 l..140.71 11,874,66 Bangor Fuel Society 4,500.00 - 4,500.00 Bangor High School Loan 200.00 128.69 328.69 Bangor Mechanic Association 12,000.00 129000.00 Bass Park 59009.83 5,009,83 Cemeteries 1059382.75 105082.75 Arthur Chapin 149537.85 29752.14 179289.99 Thomas U. Coe 3,000.00 3,000,00 Hiram H. Fogg 1,0000.00 267.42 1Frenc,267.42 Medal Hersey Hersey 4,750..00 2,721.12 79471.12 Holton Public School 100,000.00 2,000.00 57.24 100,000.00 29057.24 Home for Aged Women 25,000.00 25,000.00 Kirstein-City Hospital and Home 500.00 70.56 570.56 Kirstoin Missionary 19000.00 178.89 1,178.89 Kirstein Scholarship 5,000.00 244.93 59244.93 Kirstein Student Loan 199870.46 19,870,46 000onnell Trust 1,800.00 508.26 19508.26 Hiram P. Oliver Pierce 2,000.00 557.23 29557.23 L.E. Sabine 4,000.00 1,000.00 530.33 49000.00 12530.33 Stetson Missionary 129000.00 4,983.53 16,983.53 Stetson George T. Stodder 5,000.00 112000.00 5,000.00 119000.00 Wakefield 10,000.00 10 000.00 9 A.E. Webber,Jr. Scholarship 2 00000 9. 52.72 29052.72 James Whitey Escrow Account 59000.00 352.86 59352.86 Miscellaneous Employee Deductions 29116.26 2 116.26 Teachers' Retirement 29791.15 2,791.15 Employees' Retirement 5,606.61 5,606061 Bunting and Fishing Fees - State 19144.35 12114.35 Withholding Tax - Federal 379755.20 379755.20 Employees' Savings Bonds 39269.75 39269.75 Employees' State Group Life Insurance 964.60 964.60 Teachers' State Group Life Insurance 717.70 717.70 Survivors' Benefit - City 30-711-.10 3Q7.10 Survivors Benefit - Teachers_ 149020 149.20 Survivors' Beneft=--m Schools. 19.95 19.95 United Fund 52.40 52.40 State Sales Tax 71.14 71.14 Workmen's Compensation 59612.08- 5,612,08 Miscellaneous - School Dept, 19495°18 19495-18 TOTALS 4749547.68 199785.43 4949333-.11 12. STATEMENT OF DEBT LIMIT AND BORROWING CAPACITY December 31; 1960 Assessed Valuation April 1,1960 Debt Limit (7 of -Valuation) 9,508,057.50 City of Bangor Liabilities: Bonded Indebtedness 2,277,000.00 Notes Payable 114,000.00 2,391,000.00 13. 126,7749100.001 Net Borrowing Capacity 7,117.057.50 FUTURE DEBT SERVICE ON PRESENT DEBT December 31,1960 Bond Bond Note Note Total Payments to Future -General ------Water be made from Year Maturities Interest Maturities Interest Debt Service Fund District 1961 206,000.00 649637.00 399000.00 21342.50 3110979.50 2949284.50 17,695.00 1962 206,000.00 59,797.50 39,000.00 13,407.50 306,205.00 288,752.50 17,452050 1963 194,;000.00 544998.00 14,000.00 785.00 263,783.00 2569573.00 7,210.00 1964 177,000.00 502376,00 14,Ooo.00 475.00 241,851.00 234,746.00 72105.00 1965 164,000.00 46,009.00 42000.00 165.00 214,174.00 21.4,174.00 1966 1133,000.00 41,837.00 4,000.00 55.00 158,892.00 1589892.00 1967 1968 1132000.00 38,445.00 151,44.5.00 151,445.00 103,000.00 3%053-00 138,053000 138,053.00 1969 103,000,00 31,991.00 134,991.00 1349991.00 1970 1032000.00 28,929000 1319929.00 134929.00 1971 103,000.00 25,867.00 128,867.00 128,867.00 1972 1039000.00 22,805.00 125,805.00 125,805.00 1973 103,000.00 192743.00 1225,743.00 122,743.00 1974 103,000.00 16,681.00 119,681.00 119,681.00 1975 709000.00 13,619.00 83,619.00 832619.00 1976 70,000.00 11,118.00 819118.00 819118.00 1977 709000.00 8,617.00 78,617.00 78,617.00 1978 59,000.00 6,116.00 652116.00 652116.00 1979 599000.00 39993.00 62,993.00 629993.00 1980 202000.00 1,870.00 21,870.00 21,870.00 1981 20,000.00 1,190.00 21,190.00 21,190.00 1982 159000.00 510.00 15,510.00 159510.00 Rials 2;277,000000 54201.50 ll/+p000.00 5,230.00 2,9809431.50 2034,969.00 49,462.50 NET DEBT RATIO TO ASSESSMENTS AND NET DEBT PER CAPITA Net Debt Net Ratio to Per Capita Year Debt 1950 1,339,000.00 Assessments 362454,766.00 Assessments ,03673 Net Debt 42 3 Year 1951 1,217,000.00 37,555,470.00 .03246 38.63 Year 1952 1008,500.00 3890779270.00 .03436 41.46 Year 1953 1,818,500.00 38,493,960.00 .04724 57.62 Year 1954 19728,500.00 39,6022000.00 .04365 54.77 Year 1955 1,6439500.00 40,227,790.00 ,04085 52,o9 Year 1956 127029500.00 40,858,960.00 .04167 53.96 Year 1957 126759500.00 1249358,000.00 .01347 53.11 Year 1958 194939000.00 123,095,900.00 .01213 47.32 Year 1959 22183,000.00 12590013,800.00 .01746 69.19 Year 1960 2091,000.00 12697741100.00 .01886 61.38 CITY OF BANGOR HOSPITAL & HOME DEPARTMENT MONTHLY OPERATING STATEMENT Month of December ,1960 OPERATING REVENUE; 1960 This Year ACcoIINT Budget Month To Date 6051 Hosp. Charges Full Pay Cases 301,000.00 69772,50 472313050 6052 Home Charges Full Pay Cases 39205000 62.00 744°00 6053 Hospe& Home, Miscellaneous 325.00 6054 Hosp,Cbgs., Part Pay®Indio, 459000.00 6055 Home Chgs. Part Pay-Indiv, 132500.00 6056 Hosp.- State Nursing Aid 36,000.00 6057 Home- State Nursing Aid 79000.00 6058 Custodial Home Care Status 40-0-5 Fuel & Utilities S.N. Aid 40-0-6 TOTAL REVENUE 15,030.00 OPERATING EXPENSE.- XPENSE.ACCOUNT . 401.00 ACCOUNT 179453.31 820050 40-0-1 Personal Services 1119311.00 40-0-2 Supplies 40,015.00 40-0-3 ,.Contractual Services 109130.00 40-0-4, Communications 500.00. 40-0-5 Fuel & Utilities 59650.00 40-0-6 Equipment Costs 424.00 SUB TOTAL 1689030.00 40-0-98 Credits-Hosp.(Deduct) 219500.00. 40-0-99 Credits -Home (Deduct) 82200.00 TOTAL OPERATING EXPENSE 1389330.00 NET INCOME * Loss 355.25 39124.97 319351044 699.50 69373.00 29708.28 379691.27 420.50 59556.90 150.00 139787.75 129, 5350 109515.34 107,168.33 3,977.54 419715.76 19951.34 159381.58 61.10 684.04 955.16 59589..24 30.30 433.06 179490.78 170,972.01 29712.87 329097.20 310.00 39715.37 1446-7.91 135,159.44 39300.00* 680.16* 59624.o8* 14. Last Year. Month '. To'.Date 39283.50 29,638 25 135000 2,835000 75.00 555.00 9.978.85 112, 144.19 89431.53 . 401.00 2,938.77 179453.31 820050 4,738.00 29230.58 43.801.82 495.50 129721.81 75.00 555.00 9.978.85 112, 144.19 89431.53 979605.10 39142.79 42,505.13 640.27 109954.98 78.25 496.96 881.53 6,804,51. 33.54 380.28 139207.91 1580746.96 1084.08 20,006.55 271.00 6014.39 11,552.83 1320426.02 19573.98*. 202281.83 OPERATING REVENUE: ACCOUNT 4075 Building Rental 4076 Basketball Floor 4077 4078 4083 4084 4088 Rough Floor Ice Rink Public Address System - CITY OF BANGOR AUDITORILM DEPARTMENT MONTHLY OPERATING STATEMENT Month of December9'1966 1960 This Year Budget Month To Date 189500.00 487.00 900,00 225000 Adm. Fees City Ice Skating 79500.00 Concessions 16_5nn_nn TOTAL OPERATING REVENUE OPERATING EASE: Administration & Operation. ACCOUNT 278,95 51-1-1 Personal Services 51-1-2 Supplies 51-1-3 Contractual Services 51-1-4 Communications 51-1-5 Fuel & Utilities 51-1m6 Equipment Costs 51-1-7 Sundry Charges 140.72 SUB -TOTAL 3.98 CONCESSIONS 51 -2 - Supplies rt. 51-2-3 Contractual Services 51-2-5 Fuel & Utilities SUB TOTAL TOTAL OPERATING EXPENSE OPERATING PROFIT *Loss 44.112 „00 179445000 .29170.00 69875000 500,00 139775000 275000 10000 109416.70 289872.73 126.00 396,00 210,00 720,00 225000 150 Last Year Month To Date 19 47.40 80 189 621.96 162.00 468.00 270.00 870.00 450,00 21.00 29475000* 19800,00 79200.00 49529.17 195,511.08 39149.57 189409063 129806.°87 499.724.81 69796037 46,040-59 29137,50 159510030 19505.80 209320,70 121045 19279014 92096 19521.36 278,95 59287.61 511051 69545053 49.70 503027 40.85 488000 29708,25 119163041 3.9114.03 129586030 8..406-57 182.83 4,80 140.72 49400.30 3.98 19119.64# 99058,11* 419050.00 155,295.85 339930854 59269095 415,602861 99073000 39898,00 550.00 139521000 549571.00 109459.00# 29230041 109180016 19936091 99830.72 671015 29648042 676015 39533.37 209.16. 308.16 33,00 132,00 32110.72 139136.74 29646.06 132496009- 8..406-57 479067.28 79916.01 559098,70 49400.30 29657.53 19119.64# 99058,11*