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1965City of Bangor m * aine ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED DEC. 311 1965 B R O O K S & C A R T E R Certified Public Accountants 84 Harlow Street Bangor, Maine 04401 Members in Council City of Bangor, Maine Gentlemen: March 14, 1966 We have examined the following financial statements of the City of Bangor for the year ended December 31, 1965: 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, 1965, 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 v� Certified Public Accountants C O N T E N T S Future Debt Service on Present Debt 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, 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 (Municipal Golf Course) 15 Monthly Operating Statement (Auditorium) 16 A I ASSETS CASH ON HAND AND DEPOSITS CASH ADVANCES AND WORKING FUNDS Petty Cash Travel Expense -Advances- TAXES RECEIVABLE Uncollected Taxes ACCOUNTS RECEIVABLE Uncollected Taxes Secured by Tax Deeds Uncollected Taxes Secured by Sewer Deeds Town Road Improvement Fund Other, Miscellaneous STREET & SEWER ASSESSMENTS - DEFERRED INVENTORIES Office Supplies Public Works Dept. Revised Ordinances Central Sign Shop Electrical Dept. TOTAL ASSETS I 'Deduct G E N E R A L F U N D B A L A N C E S H E E T C I T Y O F B A N G 0 R, M A I N E December 311 1965 LIABILITIES, RESERVES AND SURPLUS 138,005.9.5 LIABILITIES Prepaid 1966 Auto Excise Tax 34,835.37 910.00 ASSESSMENTS TO BE LEVIED - 258.40 1,168.40 FUTURE PERIODS 226,358.39 RESERVES 344,857.30 Encumbrances 222,838.84 Off -Street Parking 9,742.77 Police & Fire Services 1,445.93* Town Road Improvement 149158.90 77,727.44 School Nat. Def. & .Training Act 8,593. 02 Uncollected Taxes 13233.03 755.69 Accounts Receivable 19696.42 Employees' Group Insurance 11,902.39 268,719.44 14,158.90 170,955.38 2631597.41 SURPLUS 226,358.39 Unrealized 549411.61 508.05 921874. 78 2,633. 47 2,283. 06 7,038.00 105037.36 1,079,324.81 TOTAL LIABILITIES, RESERVES & SURPLUS 1,079,32.4.81 H STATEMENT OF REVENU E- E S T IMATED AND ACTUAL For the Year Ended December 31, 1965 TAXES -CURRENT YEAR'S LEVY Real Property Personal Property Polls TOTAL TAXES -CURRENT YEAR'S LEVY TAXES -PRIOR YEARS LEVIES & TAX DEEDS Real Property Personal Property Polls Tax Deeds & Sale of Property TOTAL PRIOR TAXES & TAX DEEDS OTHER LOCAL TAXES & PENALTIES Penalties & Interest - Taxes Auto Excise Tax TOTAL OTHER LOCAL TAXES & PENALTIES LICENSES & PERMITS For Street Use Street Privileges & Permits Business Licenses Police & Protective Amusements Professional & Occupational Non -Business Licenses & Permits TOTAL LICENSES & PERMITS FINES, FORFEITS & PENALTIES Fines & Court Fees TOTAL FINES, FORFEITS & PENALTIES USE OF MONEY & PROPER'T'Y Miscl. Rents & Concessions Municipal Golf Course Municipal Auditorium TOTAL USE OF MONEY & PROPERTY Estimated Revenue 3, 724, 784. 00 798,704. 00 18,039. 00 451541,577-.00 183.000. 00 611 000. 00 6,000. 00 75,000. 00 325, 000. 00 17,000. 00 320, 000. 00 337,000.00 60, 000. 00 110.00 1,810. 00 39050. 00 610.00 2,179. 00 4,750. 00 72,509. 00 44, 900. 00 44,900.00 39,700. 00 48,000. 00 44,000. 00 131, 700. 00 Revenue Billed and Uncollected 222,432.80 5.9,935. 78 7,695.00 --290,06'3. 8 1,690. 00 1,690. 00 3. 00 3.00 330.00 879.40 1�, 0 40 Cash Receipts 3086,051.75 730,106.40 10,524. 00 ,226,68-2-. 1-5 132,404. 11 52,024. 85 5,103. 00 76,558.62 2 ,090. 8+ 16,478.16 336,569 86 n53:0048. 0 60,479.87 20'5.00 1,07'5. 00 3,525. 50 806. 00 399.00 4,761.70 71, 2 52, 07 42,963. 34 47'-,963.34 30, 075.44 42,016. 22 32,620.02 10 , 711. 8 Total Revenue 3, 708,484. 55 790,042.18 18 , 219.00 ,516,7 5.73 132,404,11 52,024.85 5,103. 00 76,558.62 2� 6 090. 58 16,478,16 336,569.86 38,Sf 60,479.87 205. 00 1075. 00 3, 525, 50 806.00 2,089. 00 4,761.70 71 07 42,966.34 4 , 96h. 3 30, 075.44 42,346.22 33,499.42 105,921. 08 Excess or Deficiency* 169 299.45* 8,661. 82* 180.00 24,781.27* 505P595,89* 8,975.15* 897.00* 1,558.62 58,909.42* 521. 84* 16,569.86 T65104&02- 479.87 ,0 4 .0 479.87 95.00. 735. 00* 475.50 196.00 90. 00* 11.70 438.67 1,933, 66* 1, 933.x* 9,624, 56* 5,653. 78* 10,500.58* 5,778.9 * N I STATEMENT OF REVENUE -EST IMATED AND ACTUAL For the Year Ended December 31, 1965 FROM OTHER AGENCIES State Shared Taxes State Grants in Aid Federal Grants in Aid Payments in Lieu of Taxes Advance Planning Grants TOTAL FROM OTHER AGENCIES CHARGES.FOR CURRENT:. -SERVICES General Government Safety Highway Sanitation Health Hospital Schools Cemeteries Dow Field Playground & Miscellaneous Public Buildings TOTAL CHARGES FOR CURRENT SERVICES TRANSFERS FROM OTHER FUNDS. Surplus Electrical -Equipment Reserve Public Works -Equipment Reserve Off -Street Parking Fund TOTAL TRANSFERS FROM OTHER FUNDS REIMBURSEMENTS General Government Welfare Public Safety Public Works & Electrical TOTAL REIMBURSEMENTS GRAND TOTAL - REVENUE Estimated Revenue Cash Total Excess or Revenue Billed and Receipts Revenue Deficiency* Uncollected 913,000.00 513302.17 .51,302.17 39,697.83* 7481,480.00. 156.00 771,602.48 771,758.48 23,278.48 533,750.00 12851801.00 42651526.06 555027.06 215577.06 1,774.00 15,773.60 1,773.60 .40* 524.00 524.00 524.00 1,375,004.00 128,957.00 11251,728.31 1,380,685. 31 55681.31 12, 505. 00 16, 938.66 16, 938.66 431433.66 75,200.00 1,528.42 3,687.22 531215.64 1,984.36* 10,075.00 15,730.82 9,416.56 113,147.38 1,072.38 28,175.00 2,981.19 17,549.01 201530.20 7,644.80* 3000.00 31674.00 3,674. 00 674.00 182,500.00 8,885.86 165,104.08 173,989.94 811510.06* 333000.00 15,642.09 27,754.86 435,396.95 10,396.95 105,400.00 152890.57 15,890.57 5,490.57 7,000.00 1.44* 6,207.65 6,206.21 793.79* 13,800.00 67.60 12,921.16 12,988.76 811.24* 307,655.00 30,834.54 279,143.77 309,978.31 2023.31 70, 000. 00 70, 000.00 70, 000.00 31540.00 3,540.00 3, 540.00 64000.00 67,753.79 67,753.79 3,753.79 505,000.00 511889.40 511889.40 1,889.40 1875,540. - 193,183.19 193,183.19 55643.19 1219615.00 27.25 98,413.46 989440.71 23,174.29* 19,300.00 2.,359.50 20,124.41 22,483.91 3,183.91 1,000.00 21825.27 21825.27 19825.27 410,939.00 3143,644.34 314,644.34 96,294.66* 55 ,854.00 2086.75 436,007.48 4389394.23 114,459.77* F"- 7,875,689.00 455,144.27 75,224,810.59 7,679,954.86 195,734.14* w DEPARTMENT OR APPROPRIATION TITLE Legislative Executive City Clerk Finance Registration of Vot Assessment Treasury Purchasing Planning Legal Engineering Pers 'nnel Civic Service Commis Economic Development Police Fire Electrical Sealer of Weights & Inspection Civil Defense Hospital Health Welfare Recreation Fine Arts Public Buildings Municipal Auditorium Public Works Harbors & Wharves Pensions Contingent Debt Service County Tax Education Public Library ers sion Measures GENERAL FUND (OPERATING) APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES For the Year Ended December 31, 1965 Appropriation Other Total Disbursements Encumbrances Credits Available 6 , 020. 00 29,455.00 32,533, 00 57,946, 00 11,809. 00 52,480.00 32,578,00 18 , 591. 00 77,726. 00 10,199. 00 93,425. 00 12,823. 00 600.00 18,064,00 382,434, 00 509,026. 00 52,302. 00 25.00 27,104. 00 19050. 00 181, 350. 00 72,940.00 142,828.00 116,988.00 200.00 32,208;00 70,594. 00 600,120. 00 4,000.00 178,000, 00 450.00 353, 065. 00 90,000. 00 393879014.00 89,379, 00 18,500. 00 200.00 1,350.00 53,776.07 6,020. 00 29,455. 00 32, 533. 00 76,446.00 11,809. 00 52,480. 00 32, 578. 00 18,591.00 77,726.00 10, 399. 00 93,425.00 12,823. 00 600.00 18 , 064. 00 3835784.00 509,026. 00 52, 302. 00 25A0 27,104. 00 1,050.00 181, 350. 00 72, 940. 00 142, 828. 00 116. 988. 00 200.00 32, 208. 00 70, 594, 00 600,120. 00 45000.00 178,000.00 450.00 353,065.00 90-;000.00 3,440, 790.07 89, 379. 00 6,143, 50 29,623, 39 30,616.08 68, 223.03 11, 305. 94 48,676.16 31,380.80 16,711.08 68 , 088. 35 10,170.66 68,472. 33 12002.64 615.50 18,133,68 356,636.81 493, 322. 73 44,856.28 19.00 25,112.75 433.91 181,407. 54 60,928.89 153, 8 30. 34 115,948.85 206.05 33, 079. 51 63,368.06 609,381.52 698.38 183,942.46 356,424. 81 99,840. 00 3073,880.86 89,379. 00 48. 50 171.99 1,889. 06 41.00 41.00 41.00 4.78 342.00 179.00 25051.15 405.41 1.5364. 36 41.00 49037.27 41.00 41.00 212.50 15.68 850.08 50,708.84 Total Disbursements & Encumbrances 6,143.50 29,671. 89 30,788.07 70,112. 09 11,346.94 48,717.16 31,421.80 16,715.86 68,430. 35 10,170,66 68,651. 33 12,302.64 615, 50 18,133.68 358,687. 96 493, 728.14 46,220. 64 19.00 25,153. 75 433.91 185,444.81 60,969.89 153,871. 34 116 ,161. 35 206.05 33,095. 19 63,368.06 610,231.60 698.38 183, 942.46 356,424.81 99, 840. 00 3,424, 589.70 89, 379.00 Unexpended) Approp. 123. 50* 216. 89* 1,744.93 6, 333, 91 462.06 3,762.84 1,156. 20 1,875. 14 9,295,65 228.34 24, 773.67 520, 36 15, 50* 69, 68* 25,096. 04 15,297, 86 6, 081, 36 6.00 1,950.25 616.09 4,094.81* 11, 970. 11 11043. 34* 826.65 6. 05* 887,19* 79225.94 10,111.60* 35301.62 5,942,46-- 450.00 6^450.00 3.1359. 81* 9,840. 00* 163,200. 37 TOTAL OPERATING BUDGET 61745026,00 73,826,07 6,819,152.07 6,663,160.89 621526.62 6,725,687.51 93,464,56 *Deduct DEPARTMENT OR APPROPRIATION TITLE Executive City Clerk Finance Registration of Voters Assessing Treasury Purchasing Planning Legal Engineering Personnel Economic Development Police Fire Electrical Sealer of Weights & Measures Civil Defense Hospital Health Welfare Recreation Public Buildings Municipal Auditorium Public Works TOTAL OUTLAY BUDGET TOTAL OPERATING BUDGET GENERAL FUND ( OUTLAY ) APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES For the Year Ended December 31, 1965 r Appropriation Other Total Disbursements Encumbrances Total Unexpend. Credits Available Disbursements Approp. & Encumbra nc es 100.00 100.00 100.00 225.00 544.00 769.00 554.21 554.21 214.79 1,953.68 1,953.68 1,953.68* 135.00 135.00 61.32 61.32 73.68 15250.00 15250.00 596.43 596.43 653.57 200.00 200.00 245.85 245.85 45.85* 555.00 555.00 376.93 177.95 554.88 .12 15,450.00 15,450.00 267.09 400.00 667.09 14,782.91 300.00 1,200.00 15500.00 1066.11 1066.11 133.89 815.00 815.00 570.00 150.00 720.00 95.00 500.00 500.00 500.00 500.00 400.00 1,300.00 1,700.00 1,410.00 15410.00 290.00 25, 350.00 25, 350.00 11, 099. 12 11, 240.00 22, 339. 12 3010.88 315578.00 313578.00 5,084.40 25,763.96 30,848.36 729.64 74046.00 28,112.71 1029458.71 40,007. 76 415310.44 81,318, 20 21,140.51 25.00 25.00 25.00 25500.00 29500.00 29500.00 25500.00 11450.00 660.86 115810.86 6,685.11 55,125.75 111P810.86 250.00 250.00 246.33 246.33 3.67 11020.00 170.00 15190.00 1,073.50 1,073.50 116.50 9,765.00 9,765.00 6,775.20 6,775.20 2,989.80 160.00 160.00 155,24 155.24 4.76 8,550.00 81550.00 3,730.18 117.00 33847.18 4,702.82 5955543.00 124,991.41 7209534.41 544094.06 74,661.01 6199155.07 101,379.34 780,167.00 156,978.98 937,145.98 6282386.41 160,312.22 78811698.63 148,447.35 6,745,326.00 73,826.07 6,819,152.07 6,663460.89 623526.62 6317259687.51 93064.56 TOTAL APPROPRIATION'ACCTS. 7,5251493.00 230,805.05 75,7565298.05 7,2915547.30 RESERVE 250,000.00 OUTLAY 31,874.00 RECREATION DISTRICT TAX 689322.00 250, 000.00 250, 000.00 31,874.00 31,874.00 68,322.00 68,322.00 TOTAL BUDGET REQUIREMENTS 758759689.00 230,805.05 8,106,494.05 7,64151743.30 *Deduct 222,838.84 7,514,386.14 250, 000.00 31,874.00 68,322. 00 22251838.84 7,864,582.14 241,911.91 241, 911. 9.1 w APPROPRIATION TITLE Stillwater Park -Urban Renewal Swimming Pool Municipal Golf Course Kenduskeag Stream Project Broadway Widening Kenduskeag Stream Interceptor High School Construction Mt. Hope Ave. Construction Park Construction -Bass Park Hospital Construction TOTALS *Deduct CAPITAL IMPROVEMENT FUND -APPROPRIATIONS, EXPENDITURES AND UNEXPENDED BALANCES As at December 31, 1965 1965 Other Total Appropriation Credits Available 120, 000.00 151,472.21 271,472.21 222,325.95 80,010.00 805010.00 809010.00 249,990.00 249,990.00 249, 311.19 445002.93 445002.93 445,217.35 112, 525.76 112, 525.76 112,520.48 296,641.51 296,641.51 29,913.07 3,536,436.66 3,536,436.66 40, 000.00 31546,444.06 40,000.00 20,000.00 24,191.38 20000.00 35, 000.00 79626.95 35, 000.00 Disbursements Total Unexpend. Disbursements Approp. & Encumbrances 222,325.95 2229325.95 49,146.26 809010.00 80,010.00 249, 311.19 249, 311.19 678.81 445,217.35 445,402.93 112,520.48 1121525.76 29,913.07 29,913.07 266,728.44 39523,171.22 31546,444.06 10007.40* 24,191.38 24,191.38 155,808.62 7,626.95 79626.95 12073,05 41500.00 31, 934.00 3, 066.00 2159000.00. 4072,479.07 5087,479.07 49698,787.59 4,749,685.29 337,793.78 0 CITY OF BANGOR ANALYSIS OF UNAPPROPRIATED SURPLUS - GENERAL FUND FOR THE YEAR ENDED DECEMBER 31, 1965 Balance, January 1, 1965 Additions Excess of appropriations over expenditures Supplemental levy of taxes Proceeds from sale of city -owned property Recognition of inventory values at city - owned gravel pit and asphalt plant Total Additions Sub -total Deductions Excess'oF estimated over actual revenues Add: Collection of prior years' tax liens included in 1965 revenue 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 1965 budget Additional amounts required to meet unexpected costs: Public Works Finance City Solicitor $ 241,911.91 1,425.60 3,500. 00 37, 576.00 195,734.14 76,558.62 2729297.76 85,249. 31 187,043.45 $ 703000.00 20,000.00 18,500.00 19400.00 1099900.00 Prior years' adjustments 79.05 Total Deductions Balance, December 31, 1965 $ 562,020.60 284,413.51 846,434.11 297, 022.50 $ 549,411. 61 J 7 TAX COLLECTION DURING YEAR OF LEVY Yr. Ended Property Property: Tax Tax Adjusted Dec. 31 Tax List Rate:p:er M Levy. Levy 1956" 40,858,960:0 0 City 64.60 1957 1958 1959 1960 1961 1962 1963 1964 1965 Years Prior 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 M Collections Percent. of In Yr. of Levy Collections Auditorium 2.00 TOTAL 700 2,721,206.00 2,710,354.00 2,650,278. 00 124,358,000. 0 0 City 23.95 Auditorium .65 TOTAL 7T.7-0 3,0599206.00 3,001,963.00 2,856,566. 00 1239095,900.00 City 25.38 Auditorium .62 TOTAL 76-.-0-0 3,200,493.00 3,193,807.00 2,981.,232.. 00 1259001,800.00 City 25.40 Auditorium .60 TOTAL T67770 33,250,046.00 35246,829.00 33057,818.00 126,774,100.00 City 28.42 Auditorium .58 TOTAL9 00 35676049.00 3,660,163.00 3,442,169.00 127,261000.00 City 30.63 Auditorium .57 TOTAL 3� 3,970,553.00 3,968,201.00 3,696,342.00 140,068,100.00 City 28.29 Auditorium .51 TOTAL 28.80 4,033,961.00 4,024,849.00 3,775,249.00 139, 702, 300.00 City 29.70 Auditorium .50 TOTAL 30 0 49219,010.00 49208,149.00 3,937,823.00 1399653,100.00 City 30.50 Auditorium .50 TOTAL 31.00 45,329,246. 00 4, 314, 008.00 4, 031, 279.00 141,359,000.00 City 31.51 Auditorium .49 TOTAL 3 00 415239488.00 41498,527.00 49216,158.00 STATEMENT OF TAX DEEDS AND TAX LIENS .Year Ended December 31, 1965 Balances 1964 Taxes Redeemed Property Titles Cancelled 1/1/65 Int. & Costs Taken by City 262.68 142.95 254.95 612.93 692.53 1,486. 70 1090. 10 3.1591. 78 5653. 23 15,713. 91 35,901.15 65,402.91 Year 1957 1958 1959 1960 1961 1962 1963 1964 1965 TOTAL 161.33 60.61 63.74 9.74 63.84 908.05 70.74 2,123.25 75.70 5,095.91 7.35 16,374. 38 7.49 89,103.46 51,749.23 7.57 89,103.46 76,421.89 357.04 ANALYSIS OF TAXES RECEIVABLE As at December 31,1965 Taxes Uncollected 243.00 281.00 565.20 2,387.50 3099.01 6,208.66 19, 324.62 22,384.73 290, 063.58 344,857.30 STATEMENT OF MUNICIPAL PROPERTY December 31, 1965 CLASSIFICATION Buildings Land Streets Sewers Sidewalks Bridges Retaining Walls Statues Electrical Street Signs TOTAL AMOUNT $ 9,901,660.00 1, 967, 020.00 4, 312, 927.00 3,489, 345.00 411,644.00 749, 350.00 164,020.00 210,000.00 345, 556.00 8,964.00 $ 21,560,486:00 " 9 RESOURCES Cash on Hand & Deposits Petty Cash Travel Expense -Advances Savings Accounts Securities Custody of Kirstein Fund Trustees Accounts Receivable Town Road Improvement Fund Taxes Receivable Taxes Receivable -Tax Deeds & Liens Accounts Receivable -Sewer Deeds Sewer & Street Assessments - C O M B I N E D FUND BALANCE SHEET As at December 31, 1965 TOTAL General Capital Trust and Fund Improvement Agency Fund Fund 663,698.97 1381005.95 388,409.'60 137,283.42 910.00 910.00 258.40 258.40 45,548.66 426,920.33 21,630. 06 171,237.26 14,158.90 344,857.30 77,727.44 755.69 Deferred 226058.39 Inventories 105037.36 City Property Tax Deeds 81295.61 Fixed Property 21,56031486.00 To be Provided in Future Periods 7,219,000.00 TOTAL RESOURCES 170,955. 38 14,158.90 344, 8 57.30 77, 727.44 755.69 226,358.39 105, 337.36 281.88 45, 548. 66 426, 920.33 21,630. 06 Municipal Fixed Debt Asset Fund Fund 7,219,000.00 8,295.61 21, 560,486.00 3058875180.37 1,079,324.81 38.8,691.48 631,382.47 7,219,000.00 21,568,781.61 0 LIABILITIES, RESERVES & SURPLUS: Notes Payable Bonds Outstanding Assessments to be Levied Future Periods Appropriations Off -Street Parking Fund Police & Fire Services Motor Excise Tax Prepaid School Nat, Def. & Train. Act Accounts Receivable Reserve Employee Group Ins. Reserve Town Rd. Improvement Reserve Encumbrance Reserve Miscellaneous Reserve Uncollected Taxes Reserve Investment in Fixed Assets Surplus Unappropriated TOTAL LIABILITIES, RESERVES AND SURPLUS - *Deduct COMBINED FUND BALANCE SHEET As at December 31, 1965 TOTAL General Capital Trust and Fund Improvement Agency Fund Fund 4,000. 00 7,215,000.00 226,358.39 337, 793.78 9,742.77 1,445.93* 34,835.37 8,593.02 1,696.42 11,902.39 14,158.90 273,736.54 631,382.47 1,233.03 21,568,781.61 549,411.61 226,358.39 9,742. 77 1,445. 93* 34,835. 37 8,593. 02 1, 696. 42 11,902.39 14,158. 90 222,838.84 1,233. 03 549,411.61 337, 793.78 50,897.70 631, 382. 47 Municipal Debt Fund 4000. 00 7, 215, 000.00 Fixed Asset Fund 21,568,781.61 30,887,180.37 1,079,324.81 38.8,691.48. 631,382.47 71219,000.00 213568,781.61 H STATEMENT OF TRUST AND AGENCY FUND As at December 31,1965 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 Abbott Square - Federal Payment Cianchette Bros. -Escrow Account Miscellaneous Employee Deductions Employees' Retirement Hunting and Fishing Fees - State Withholding Tax - Federal Employees' Savings Bonds Employees' State Group Life Insurance Survivors' Benefit Miscellaneous Deposits _ United Fund State Sales Tax Workmen's Compensation Miscellaneous - School Dept. Plumbing Fees - State TOTALS *Deduct Fund Balance Total Principal Income Fund 10,000.00 421.72 10,421.72 40, 000. 00 400.74* 39, 599. 26 10, 733.95 62.59 10, 796. 54 49500.00 45.34* 4054.66 200.00 169.05 369.05 12,000.00 119.88* 11,880.12 12,015.25 125,015.25 144,880. 78 144,880. 78 14,537.85 59709.69 209247.54 3,000.00 119.79 3,119.79 1000.00 470.60 1,470.60 7,750.00 834.13 8,584.13 100, 000. 00 100, 000. 00 2,000.00 189.35 2,189.35 259000.00 999.45 25,999.45 500.00 172.80 672.80 1,000.00 327.06 1,327.06 5,000.00 49.72* 4,950.28 24,630. 06 24,630. 06 1, 000. 00 122.29 1,122.29 5,732.84 703.99 6,436.83 1,000.00 711.42 1,711.42 2, 000. 00 963.51 2,963.51 51.13 51.13 4,000.00 160.03 4,160.03 1000.00 733.48 14733.48 12,000.00 69377.61 185377.61 5000.00 00 210.88 59210.88 115000.00 440.85 119440.85 766.83 94.00 860.83 10, 000. 00. 2000.00 399.57 84.00 10, 399. 57 2084.00 35, 666. 12 35, 666.12 10, 000. 00 10, 000.00 45183.11 45183.11 14, 090.13 14, 090.13 2,324.85 2, 324.85 60, 076. 84 60, 076. 84 2,744. 75 2,744. 75 2, 320.63 2, 320.63 767.20 767.20 3,289. 07 3,289. 07 322.05 322.05 14.29 14.29 344.63* 344.63* 1,767. 18 1,767. 18 .01 .O1 599,505.04 311877.43 631,382.47 12 STATEMENT OF DEBT LIMIT AND BORROWING CAPACITY 13 December 31, 1965 Assessed Valuation April 1, 1965 141059,000.00 Debt Limit (72% of Valuation) 10,601,925.00 City of Bangor Liabilities Bonded Indebtedness 7,215,000.00 Notes Payable 4,000.00 75,219000.00 Net Borrowing Capacity FUTURE DEBT SERVICE ON PRESENT DEBT December 31, 1965 3, 382, 925.00 Year Bond Bond Note Note Total Per Capita Maturities Interest Maturities Interest Future Ratio to Net Debt Debt Service 1966 458,000.00 219076.00 4000.00 55.00 6813431.00 1967 458,000.00 205,543.00 52.09 663,543.00 1968 448,000.00 191, 710. 00 .04167 639, 710.00 1969 448,000. 00 178,207. 00 124, 358., 000. 00 626,207. 00 1970 448, 000. 00 164, 704. 00 1,493,000.00 612, 704. 00 1971 448000.00 151, 201. 00 959 1960 599, 201. 00 1972 448,000.00 137,698.00 Year 5855,698.00 1973 448,000. 00 124,195. 00 61.38 572,195. 00 1974 4489000.00 110, 692. 00 .02028 5585,692.00 1975 415,000.00 97,189.00 140,068,100.00 512,189.00 1976 415,000.00 843247.00 754131,000.00 499,247.00 1977 415000.00 715,305.00 1964 4861305.00 1978 404,000.00 585,363.00 Year 462063.00 1979 404, 000. 00 . 45, 799. 00 185.50 449, 799. 00 1980 345,000.00 339535.00 378,535.00 1981 345,000.00 23014.00 368,014.00 1982 290,000. 00 12,493. 00 302,493. 00 1983 75000.00 3,642.00 78,642.00 1984 25,000. 00 13545.00 26, 545. 00 1985 15,000. 00 930.00. 15,930.00 1986 15, 000. 00 465.00 15,465.00 TOTALS 7,215,000.00 1,915,853.00 49000.00 55.00 9,134,908.00 NET DEBT RATIO TO ASSESSMENTS AND NET DEBT PER CAPITA Net Net Debt Per Capita Debt Assessments Ratio to Net Debt Assessments Year 1955 1, 643, 500. 00 40, 227, 790. 00 .04085 52.09 Year 1956 1,702,500.00 40,858,960.00 .04167 53.9.6 Year Year 1957 1958 1, 675, 500. 00 124, 358., 000. 00 .01347 53.11 1,493,000.00 1235,095,900.00 .01213 47.32 Year 959 1960 2,183,000.00 125,001,800.00 .01746 69.19 Year 2,391,000.00 126,774,100.00 .01886 61.38 Year 1961 2,58151000.00 127,2619300.00 .02028 66.33 Year 1962 7,5069000.00 140,068,100.00 .05359 192.90 Year 1963 754131,000.00 139,702,300.00 .05306 190.51 Year 1964 75402,000.00 139,653.100.00 .05300 190.22 Year j965 7, 219, 000.00 141, 359,100. 00 .05106 185.50 14 CITY OF BANGOR HOSPITAL & HOME DEPARTMENT Monthly Operating Statement Month of December, 1965 SUB TOTAL 2.31,350.00 24,466.88 245,239/55 21,405.21 218,399.30 40-01-98 Credits-Hosp.(Deduct) 1965 This Year Last Year OPERATING REVENUE: Budget Month To Date Mont To Date ACCOUNT 201.50 2,970.50 w TOTAL OPERATING EXPENSE 1813350.00 19,362.53 7050 Hosp. Charges -Full Pay Cases 825000.00 8,628.40 65,727.11 346.50 73,299. 38 7051 Home Charges -Full Pay Cases 15,127.93* 227.50 1,136.00 7053 Hosp. Chgs. Part Pay-Indiv. 27,000.00 4,184.18 31,276.87 1,467.82 22,280.37 7054 Home Chgs. Part Pay-Indiv. 104.00 182.00 740.00 7055 Hosp.-State Nursing Aid 72000.00 79522.69 759745.96 63.27* 71,173.05 7058 Hosp. State Med. Aid for Aged- 1,500.00 1,121.45 7094 Hosp. & Home Rental 300.00 75.00 900.00 TOTAL REVENUE 182,500.00 20,562.77 174,289.94 2,008.05 169,514.25 OPPERATING.EXPENS'E: ACCOUNT 40-01-01 Personal Services 1541241.00 15,042.99 159,229.24 13,861.78 142,297.39 40-01-02 Supplies 50,250.00 6,575.99 61,872.11 4,671.78 499374.05 40-01-03 Contractual Services 17,630.00 15439.73 165133.17 1,551.20 17,904.45 40-01-04 Communications 820.00 192.35 824.22 312.61 19026.11 40-01-05 Fuel & Utilities 8,000.00 13215.82 6,737.41 975.44 7006.05 40-01-06 Equipment Costs 409.00 443.40 32.40 391.25 SUB TOTAL 2.31,350.00 24,466.88 245,239/55 21,405.21 218,399.30 40-01-98 Credits-Hosp.(Deduct) 48000.00 4,902.85 57022.24 4,067.73 42054.04 40-01-00 Credits -Home (Deduct) 2,000.00 201.50 23372.50 201.50 2,970.50 w TOTAL OPERATING EXPENSE 1813350.00 19,362.53 185,444.81 17,135.98 172,574.76 ` NET INCOME 1,150.00 1,200.24 11,154.87* 15,127.93* 3060.51* *Loss 15 ' Personal Services CITY OF BANGOR 899.50 2. 48-04-02 MUNICIPAL GOLF COURSE 8,310.00 66.54 7,170:68 Monthly Operating Statement Contractual Services 1,266.00 22.69 Month of December, 1965 48-04-04 Communications 200.00 1965 This Year OPERATING REVENUE: Budget MonTh To Date 5010 Membership -Resident 155000.00 8.00 14,696.00 5011 Membership- Non -Resident 15000.00 2,753.00 5012 Greens Fees 315,500.00 245,436.50 5013 Locker .Rental 500.00 460.72 TOTAL OPERATING REVENUE 48,000.00 8.00 42,346.22 OPERATING EXPENSE: 48-04-01 Personal Services 20,141.00 899.50 19,616.28 48-04-02 Supplies 8,310.00 66.54 7,170:68 48-04-03 Contractual Services 1,266.00 22.69 1,787.35 48-04-04 Communications 200.00 19.00 201.04 48-04-05 Fuel & Utilities 2,150.00 179.20 3000.35 48-04-06 Equipment Costs 1,290.00 9.10 516.81 TOTAL OPERATING EXPENSE 33057.00 1,196.03 32,292.51 OPERATING PROFIT 14,643.00 1,188.03* 109053.71 *Loss OPERATING REVENUE: 5020 Building Rental 5021 Basketball Floor 5022 Rough Floor 5029 Concessions TOTAL OPERATING REVENUE OPERATING EXPENSE: Administration & Operation 51-01=01 Personal Services 51-01-02 Supplies 51-01-03 Contractual Services 51-01-04 Communications 51-01-05 Fuel & Utilities 51-01-06 Equipment Costs SUB TOTAL CONCESSIONS CITY OF BANGOR AUDITORIUM DEPARTMENT Monthly Operating Statement Month of December,1965 1965 Budget 25,000. 00 This Year Last Year MontFTo Date Month To Date 915. 78 18,053. 96 11797.80 19,000.00 1,128.85 44000.00 25,044.63 155445.46 748.54 331499.42 21546.34 16 21,236.03 180.00 300.00 17,550.80 39,266.83 22,634.00 2,739.91 23,564.48 25,545.38 21,018.49 1,825.00 174.99 2,473.46 219.43 151898.27 75,075.00 364.77 59250.25 322.79 5,188.01 500.00 39.70 574.50 44.25 510.40 13, 575.00 2,561.79 10, 244.52 3, 337.23 12, 332.63 190.00 9.12 173.59 18.60 141.93 45,799.00 5,890.28 425,280.80 65487.68 41,089.73 51-02-02 Supplies 9,485.00 798.08 7,581.34 804.16 9,064.10 51-02-03 Contractual Services 25275.00 198.50 2,061.55 168.20 1,751.14 SUB TOTAL 11,760.00 996.58 9,642.89 972.36 10,815.24 TOTAL OPERATING EXPENSE 57,559.00 6,886.86 51,923.69 7060.04 51,904.97 OPERATING PROFIT 13,559.00* 4,842.23* 183,424.27* 4,913.70* 12,638.14* *Loss k