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1956City of Bangor Maine ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED DEC. 3111956 Members of the Council City of Bangor, Maine We have examined the financial statements of the various funds (exclusive of the Water Fund) of the City of Bangor, Maine, for the year ended December 31, 1956. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we consid- ered necessary in the circumstances. In our opinion, the accompanying balance sheet and statements of revenues, expenditures, and unappropriated surplus present fairly the financial position of all funds (exclusive of the Water Fundy of the City of Bangor, Maine, at December 31, 1956, and the results of operations of the General Fund for the year then ended, in conformity with generally ac- cepted principles of governmental accounting applied on a basis consistent with that of the preceding year. ERNST & ERNST ACCOUNTANTS AND AUDITORS Portland, Maine February 5, 1957 CONTENTS General Fund Balance Sheet 1 Estimated and Actual Revenues 2 General Fund, Appro.priation., Expenditures and Unexpended Balances (Operating) 3 General Fund, Appropriation, Expenditures and Unexpended Balances (Capital) 4 General Fund, Analysis of -Unappropriated Surplus S Tax,Collection During Year of Levy 6 Statement of Tax Deeds 6 Analysis of Taxes Receivable .6 Statement'o,f Municipal Property 7 Combined Fund;Balance.Sh:eet,.Resources g Combined Fund -Balance Sheet, Liabilities 9 Statement of Trust.and Agency Funds 10 Statement of Debt Limit and Borrowing --Capacity 11 Future Debt Service on Present Debt 11 Net Debt Ratio to A.sses.sments and Net Debt Per Capita 11 Monthly -Operating Statement (Hospital & Home) 12 Monthly Operating -Statement (Auditorium) 13 GIE.NERAL. FU.N.D.'BALA.NCE. SHEET C I Ty Q0R.,! MAINE'-..'_ j)!epember,31,1956.. -ASSETS ,CASH ON HAND AND DEPOSITS 142,:47.8 7 0 -CASH`ADVANCE.S-AND.MRKING FUNDS Petty.Cash 900° 0o Postage -.Fund r500_6-00- 1;400>00 -TAXES,RECEIVABLE Uncoll6ct,ed Taxes 719927.87 'ACCOUNTS RECEIVABLE. Uncollected TaxesSecured .by Tax -Deeds 10,365-17 Uncollected Taxes Secured :by Sewer ,Deeds ,3; 750, 05 State Aid Road Grant 14,124000* Other', Miscellaneous 27,.466e 14 '55;705, 36 INVENTORIES Office Supplies .758,-87 -Public Works. 69849.65 Revised Ordinances 1,685.-37 9,293.89 PREPAYMENTS :900.,00 TOTAL ASSETS 281;705.82 *Deduct iLIABILITIES,,-RESERVES, 'AND `SURPLUS ',LIABILITIES ;Prepaid 1957 Au -to !Eiccise Jax RESERVES Encumbrances 96-9',838,02 0,,f,f Stfieet 'Parking 248.104 Gar -land S-uteet :field -Fund .. 1,333.46 Police and -Fire Services 2;974.60 State, A.i.d...B,oa.d..C,on-str.uctiol.n 14 124.-00 `Uficolldcted Taxes 498.7'93 SURPLUS Cash Operating Surplus, Unrealized Surplus ;TOTAL,LIABILITIES, RESERVES. -AND. . SURPLUS 18,2822.'89 120, 009- 9 1 .22,757.'83 120,115.19 142P873.02 '281;705.'82 ,E-STIMATED A.ND ACTUAL REVENUES For , the Year, -Ended -D.ecember ;31, 1956 ESTIMATED REVENUE Taxes -Prior Years Levies Tax Deeds & Sale of Property Other Local Taxes & Penalties Total LICENSES & MALTIES For Street Use Street Privileges & Permits Business Licenses Police & Protective Amusements Professional & Occupational Non -Business Licenses & Permits Total FTNES, FORFEITS & PENALTIES Fines & Court Fees Total. USE OF MONEY &.PROPERly Miscl. Rent & Concessions Total FROM OTHER AGENCIES State Shared Taxes State Grant in Aid Federal Grants in Aid Miscl. Donations to City Total SERVICE CHARCES FOR CURRFNr SERVICES General Government Safety Highway Sanitation Health Welfare Schools Cemeteries Municipal Auditorium Public Buildings To't al TRANSFERS FROM OTHER RJIVDS REIMBURSE NTS General Government Welfare Total GRAND TOTAL -ESTIMATED REVFNUE Estimated Revenue 35,500000 12,500000 201,500,00 249,.500 00 Revenue Billed & Cash Uncollected Receipts 42, 32182 12, 8710 81 220,247°52 275, 441,.15 Total Revenue 42,321082 12,87181 220,247 52 275,441.15 56,00000 55,048033 55,048.33 .97600 184.32. 1,890-.00 2,074032 1,- 560 0 0.0 1,525 00 1,:5250 00 1; 906> 00 2,243.--50 .2,243 ' 2,243' 50 870.00 794.00 794.00 170000 145050 145.50 3,595000 32272.23 3;272023 65,077.00 184032 64,918,56 65,102,88 22,000.00 22,000.00 2,950000 2,950.00 25,1990 50 25,199.50 25,� 19 0 25,1990 50 2 Excess or Deficiency* 6,821.82 3710 81 18,74752 25,941.15 951067* 1,098032 35.00* 337.50 76.-00* 24.50* 322077* 25.-88/1 3, 199.5Q 3, 1 5,547.75 5,547075 2,597075 5,547075 5.,547.75 2,597.75 42,500.00 31,469.80 31,469;80 11,030,20* 153,.500..00 200000 170,817056 171,017 56 17;517056 42,450,00 56Y512.91 -56;512 91 14,062 91 1, 773, 00 1,798.60 1,798.601 25.60* 240,223.00 200 06 260,598.87 260,7W K 20,575°87 7,600.00 3,00 8,568.88 8,571 88 971088 1,150-0 00 36e 50 1,289.79 1,326.29 176.29 150.00 211.69 211.69 61,69 2,025.00 2,778 . . 35 lY 983, 80 .41,1762. 15 2,737 15 1,005.00 100 11250.11 1, 25111 246, 11 24, 858.00 .227, 00 31-229 14 31, 456014 6,598.14 37,250,00 8,222.9.1' 30, 400.28 38,623.19 1,373.19 2,70000 2,9.17019 2,9170 19 217 19 82,000.00 3,106007 45,5.0,8043 48,614050 33,385,50'". 18,535000 396°66 16,254.66 1.6,651032 1,883068* 177,273000 14,771049 139,613097 154;385.'46 22,887054* 68, 600.00 68, 60.0, 00 68,60000 525.00 426009 426009 98.91* 20,00000 975016 16�512e63 .17,48779 2,51221* 20,525000 97516 16,938072 17,913088 2,61112* 846,148°00 16,130.97 856,858.52 $72,989049 26,841049 GENERAL FUND- APPROPRIATION, EXPENDI-TURES(OPERATING) AN® UNEXPENDED BALANCES. . For, the. Tear- ,Fnd.ed .Dccemher_ 3.1.x. 1956 Total Other Total Disbursements Encumbrances Disbursements DEPARTMENT OR APPROPRIATION TITLE Appropriation Credits Available ' & Encumbrances Unexpended Appropriation. Legislative 5,630-00 .,630' 00 5,630 ' 5,569 52 5,569.52 %A8 Executive 24,868>00 24,868;00 23,629,66 69=00 :23698:66 1,169.34 City Clerk 15,966:00 15,966000 18,148.93 68.30 18,217 23 2,251.23* Finance 72,899:00 72,899.00 65;98580 65,985:80 6,913,20 Registration of Voters 8,622.00 8;622,00 8,520.44 2700 8,547.44 74<56 Assessment 70,603:00 70 603,00 35,283,85 29,21520 64,499=05 -6,103,95 Treasury 19,37400 19,374,00 17,787.98 297,38 18,085.36 1,28864 Purchasing 8,403.00 8;403.00 7,655 47 4.00 7,659.47 743.53 Planning 8,06200 8,06200 -6-1248,18 4.13 -6,252.31 1,80969 City Solicitor 5,313,00 -5,31100- 4,732.63 4,732.63 580,37 Engineering 20,378,00 20,378.00 20,578--82 40.94 20,619.76 241.76* Personnel 1,430.00 1;430.00 1, 4,5& 58 50.00 1,504,58 74058* Civil Service Commission 250.00 250 00 65.00 111'00 176.00 74.00 Industrial Development 7,820,00 7,820 00 5,608 15 5 20 5,613.35 2,206 65 Police 250,272,00 250,272:00 240,925x12• 653.07 241,578.19 8,693.81 Fire 315,535,00 315,535.00 313,09-113 106 97 313,198.10 2,336,90 Electrical 76,000.00 76,000 00 73,220 75 692.14 73,912 89 2,087.11 Sealer of Weights & Measures 150,00 150..00 150,00 Inspection' 17,115:00 17,115°00 16,376,98 27>00 16;403 98 711.02 Civil Defense 1,190.00 1,19000 1,113.18 11.8.38 1,.231.56 41.56* Hospital & Home 24,508.00 24,508.00 27„471,04 2,003.78 29;47'4:82 4,966.82* Health 38,500=00 38;500,00 31,,600,32 173:74 31,774.06 6,725.94 Welfare 140,7X00 140,738.00 134,995.08 50.47 135,045 55 5,692.45 Recreation 30,599,00 30,599,00 30,381 56 4 08 30,385664 213.36 Public Buildings 43,850.00 43,850.00 40,714-61 131.50 40;846,11 3,003,89 Municipal Auditorium 71,256.00 71,25600 62,306718 20.12 62,3.26,30 8,929,70 Public Works 462,409,00 462,409:00 470,066.81 2,106.36 472,173,17 9,.764017* Pensions & Group Ins, 79,700 00 ,.79,700 00 94,363.16 94,363,16 14,663.16* Contingent 3,300,00 3;300.00 3,300.00 . Debt Service 185,800,00 185,800.00 186;139,13: 186,139.13 339.13* Taxes Paid to County 92,865X0 92,86500- 92,865.00 92,865,00 Education 1,121,479000 1,121,479,00 1,128,547.67 1,128,547.67 7,06867* Public Library -41,166.00 41,166.00 419166.00 41,166.00 IDT'ALS, OPERATING 9= 3,266,050;00 3,266,05-0-,00 34206,612.73 35,9.79,76 3,242,592 49 23,457.51 *Deduct y ' w TOTALS,,CAPITAL BUDGET GENERAL F0NQ.A.P_RKK�PR N.-EX-PEND3L][URES �,(C*&PT][AI) 342,022^58 96,63G,3? A���0�.E XFTW LES', lDIPLS,'UPEBAIING BUDGET 3,266,050.00 3 266 O6000 3,206,612.73 For! mh.e'Yamr' ` '31° 1956 TOTAL APPROPRIATION ACCOUNTS 3,439,145;00 221,388 11 .3-.660,533-11 -3-P-548P635.31 92�615,13 3,641,25044 19,282.67 Total Other Total Disbursements 1hexpended DEPARTMENT OR APPROPRIATION TITLE Appropriation Credito Available Disbursements Encumbrances &Encumbrances Appropriation City'Clczk 2O6.00 206-8O 11.5 26 1I5.26 00,74 Finance3^5OO�O0 3'6OU.�00 3.690 00 3,690'00 I90.00* aaaousmnnt ` ^ 40.00 48.00 124.80 124�80 84* 80* Purchasing .-28�-62 28^62 28.62* Planning �43-.56 ° 243,56 243.56* Engineering 432,00 432,80 431,20 431,20 .80 9crmzmxy I00'00 100,00 I00,00 1hdostziol�Developmomt I00O.00 I,000.00 774-.60 774.6O 225.40 Police 5'550.00 5'550.00 4/535`O3 416.82 4,960.85 599.15 Fire-3,S0O.O0 3'500.00 3'319. 8 IOO O0 3,4lg 58 8O,43 Electrical ?.l40,00 2l'O00 OO 28.l40.00 8\8l6�ly ly,64l,-l6 Z7,957.35 182.65 Civil Defense l'OlO,OO 1,010.00 994.76 994.76 15.24 Hospital &Home I8,5II,00 18,511'00 80Q,8 '763.99 -l8^��3.88 62.80* Health S'98l.0U 5'981.00 ---5,647.14 5;647.14 333,86 Welfare l,SOO.O0 I,500.00 1'613,63 1'613.63 I13'63* Recreation 'Public -Buildings 2,475,00 15'26l.35 17 736.36 I9/443.89 1.707.54* 2'000.00 27,193.82 29,193.82 -28,969.79 596.20 29,565,09 372.17* wmuzozpnuAuditorium 11,925.00 33,943,84 45'868.84 331375'33 12,390,01 45j765.34 103.60 Public Works 105'22E,00 122,436.03 227,661.03 209,589439 21'185.12 230,774.51 3Il3.48* Education 3,000,00 1,553:07 4,553.07 3,000.00 1,55107 4553cO7 TOTALS,,CAPITAL BUDGET l73'095^00 221,388.I1 .394 483, 11 342,022^58 96,63G,3? 398,657.95 4.174.84* lDIPLS,'UPEBAIING BUDGET 3,266,050.00 3 266 O6000 3,206,612.73 36 97g . 3,242,592 4923,457.51 TOTAL APPROPRIATION ACCOUNTS 3,439,145;00 221,388 11 .3-.660,533-11 -3-P-548P635.31 92�615,13 3,641,25044 19,282.67 su GENERALTUN-D. ST-A.jE,,MFNj OVIVNA P"PROPRIATED SURPLUS Year,End,ed DeCember - 31, 1956 BALANCE AT,JANUARY -1, 195-6 $168,066.95 ADDITIONS From operations: Excess.-of estimated.revenues over expenditures for 1956: Revenu,e,frpm'gen-eral property and.lpio,11 taxe:s (Note) $2,652,997,00 Departmental -revenues -846,148.00 $3,499,145>00 Less appropriations 3,439,145-00. '60,000.00 Excess 'of, actmad,,lover estimated revenues for 1956 26,841.49 Excess:ofappr.p.priations over expen.ditures for J95619,282. '67 106,124.16 Other: Supplemental Tax --Levy 4,058.26 Profit on sale. of, City property 1,142.-26 1112324,68 $2799391.63 DEDUCTIONS Appropriations -for '1956 budget use charged: to unappropriated surplus .122P005.44 Transfer,,tocapital-budget 14,000.00 Prior ye,ars,,adjustments, etc. 136,.518.61 'BALANCE AT,DECEMBER 31 1956 142,873.-02 -NOTE: -Total ta,x,commitment for 1956? ReAl-estate $2,105,546,30 Petsonal.property. 615,660.39 Poll '20.75'1, 00 $2,741,957.69 Less transfers,to: .Recreation District tax I 81,750�666 Overlay (allowance for doubtfultaxesreceiv- able) 7,210003. 88,960.69 $2,652;997000 — — — — — — — — — — 56 TAX COLLECTI.O.N. DURING.,:Y.E-AftOF LEVT 2 Year Ended Collections Percentage December Property Property Tax 'Tax. Adjusted In Year of 31st. Tax List Rate per N 'Levy Levy of Levy Collections 1947 30,626,582,00 5540 1,721,621.00 1,721,701000 1,685,968000 97.9 1948 32,811,016;00 55010 1,832,152.00 1,832,233 00 1,796,972,00 9800 1949 36,528;744.00. •54°80 2,027,398;00 2,013,993.00 1,963,520.00 -97.4 1950 36,454;766000 53'80 1,986,835.,00 11982,012.00 1,926,261.00 9701 1951 37,555,470.00 56°00 2,126,983.,00 2,122,915000 2,076,976.00 97.8 '1952 38,077,270.00. .53000 2,018,095•,00 2,011,527 00 1,974;445 00 98•.2 1953 38,493,960.00 City 58.85 Auditorium L 15 Total 60000 2,-309,.638.00 2,302,041.00 2,255,556.00 98.0 1954 39,602,000.00 61.50 2,435,523,00 2,431,549,00 2,382,000.00 97.9 1955 40,2279790°00 City --60.75 Auditorium- l0 65 -Total. 62.40 2„•510;214.00 21506,64100 2;453,226.00 97.9 1956 40,858,960000 City 64060 Auditorium 2.00 Total -66°60 2,721,206.000 2,710,354<00 2,650,278,00 97.8 STATEMENT 0F.•.TAX-.DE_E.DS Year. Ended -December -31, 1956 Y E A R Balances 1955 Taxes Property Cancelled Balances 1/1/56 Interest Redeemed Titles Taken 12/31/56 -and Gust by aty 1948 '67.96 -67,96 1949• 88.87 88087 1950 198,14 198,14 1951 446;99 446.99 1952 996053 183007 813.46 1953 2,208.38 - 1,103.46 1,104.92 1954 4,7910,14 2,728006 2,063.08 1955 14,250078 8669.03 5;581.75 8,798001 14,250078 121683062 10,365.17 ANALYSIS:0F :TAXES.:RECEIV-A-BLE As'At -December 31, 1956 Y E A R Taxes- axesUncollected Uncollected 1949 8000* 1950 6M* 1951 49,20 1952 18.00* 1953 922.45 1954 1,40748 1955 4,959,59 1956 64,621.15 TOTAL 71,927087 *Deduct �__ W STATEMENT OF MUNI,C:T`P!.°AL.PR©PERTY December 11, -1956 CLASSIFICATION City Hall Auditorium Health Department Police Dep.artment Fire Department Highway and Bridges Munici.p,al ,Ga3rage ;and Police Station Park Property Gravel Bank Property Electric Department Wardroom: -.York Street City Home and Hospital Recreation. Department Cemetery Property School Property Municipal Dock Garland,Stree:t Athletic --Field Other Miscell.ameous Property TOTAL I lb AMOUNT 243D493e13 64,130;00 2,181.75 16,528.60 179,025089 341.69 200,000.00 '501,643,00 20,000.00 1019098°15 2,660.00 256,066.78 4,4-57.00 42,'900°30 3,592x830.97 10,000.00 90,000000 69,536 92 9,3369894.18 70 COMBINED FUND BAL N-C.E ,S.HEE._T..-E,XC.L.:U.SIVE OF TH.E WATER FUND As , Wit, December -31, 1956 a 'Trust & Municipal Fixed Grand General Agency 'Debt Asset Total Fund -Fund Fund Fund All Funds RESOURCES -Cash on Hand and Deposits 143,378.70 74,161.44 217;540.14 ,Postage Meter Fund... 500.00 500.00 Savings'Accounts 26,606.;46 26,606,46 Securities 245-V-500,00 2450-500,00 Custody of-Kirstein Fund Trustees 159423.35 159423.35 Hersey Fund Investment in City Hall -100-,000,00- - -100,000.00. Accounts Receivable -27a466>-14 27;466---14 State Aid Grants 149124,00 14,124000 Due from Other Funds 1-76;000.00 176;000,00 Taxes Receivable 7-1;927;87 71,927,87 Taxes Receivable -Tax Deeds •-10365.17 10, 365017 Accounts. Receivable�Sewer- Deeds 3,750005 3-,750,05 Office Supplies Inventory 758.8 7:58087 - Public Works Inventory 6,849,65 6,849,65 Ordin,an.ce Revision Account 1,685.37 1,685037 Prepayments 900,00 90000 City -Property Tax Deeds -5,596,22 59596-22 Fixed Property, etc. 9.93369894.18.. 9,336,894,18 To be Provided in -Future Periods 1-P5-26, 500 00 1,5269500:00 TOTAL RESOURCES 28.;705;82: 461;69125 1,702,500°00' 9,342,490u40 11,788.387n47 a COMBINED FUND RA.LA.N.CE..SHEET EX:GUS-1-V-°E=.0F. T.H.E .W:,4TER FUND As , at ,McEAher -, 31, : 1956 :Trust & Municipal Fix -ed Grand 'General -Agency Debt Asset Total. Fuad -Fund -Fund. --'Fund lAll Funds - 'LIABILITIES�AND RESERVES Notes Payable Bonds Outstanding Off Street Parking Fund Garland Street Field -Fund Police and Fire. Services Automobi.-fe,Excise Tax Prepaid State Aid Construction Imp. -Fund Reserve for Encumbrances Reserve for Uncollected Taxes Reservefoir Miscellanoues Investment in Fixed Assets Surplus TOTAL -LIABILITIES ,& RESERVES *;Deduct 248,10* 1.;333,46 .25974,60 -18a822,89- �45Y24:00 96,838,02 4;987,93 461,691.25 142;87302 281070.5,-827 - .461;691,2-5 306,50000 1;3965000000 9, 342 ;490; 40. 1� U2, 500,e zOO 9'9'3421 490 40 306P500,00 1;396;000,00 248,10 1;3 33.46 2,974,60 18,822.89 1451UM 96,838.,02 4r987_93 461,-69, 25 9,342,4W40 1425873,02 119788,387:47 9 STATEMENT.QF TRUST AN. -D. A.•G.ENCY FUNDS A9 at)Deeember 319, 19,56 Cash Securities Fund Balance Income Principal FUND 10,000.00 10,000.00 Adams 40,000.00 10,000.00 Bangor Children's Home 10,733.95 '40,000.00 Bangor Firemen's Relief. 1,460.89 1-3,000000 Bangor Fuel Society, 22.1.29 4,500.00 Bangor High. School Loan 293.26 12,000.00 Bangor Mechanic Association 12,000.00 Bass Park 8,764004 85,707.75 Cemeteries 22,207.75 63,500.00 Arthur -Chapin 891,47 14,500.00 Thomas U. Coe 1,000.00 3,000.00 Hiram He Fogg 153.90 1,000.00 French Medal 2,820.94 4;500.00 Hersey •.2,000.-00 100.,000.00 Holton Public School 37.61 2-000.00 Home for -Aged Women 500;00 259000000 Kirstein�City Hospital & Home 6;90 .500.00 Kirstein-Missionary 100°77 1,000.00 Kirstein Scholarship 14'7.-30 -5,000,00 Kirstein Student Loan 159-423.35 3-;000.00 O'Connell Trust 394.74 10000.00 Hiram P. Oliver -330.20 Z,000.00 Pierce 1,000.00 4;000,00 Le E. Sabine 341x.81 1,'000,00 Stetson Missionary '3,265.05 12000100 Stetson 11,000,:0.0 59000.00 Geo. T. Stodder 10,000.001 ]19000.00 Wakefield 36.9.5. 10„000.00. State Sales Tax -Auditorium 36.95 . 854; 36 Employees' State Group Life Ins„ 854.36 2,101.45 Teachers' State Group Life Ins. 2,101.45 99.00 Community Chest 99.00 39,.95 Miscellaneous Employee Deductions 39.95 140.00 Union Dues- Public:Works 140.00 10,392.70 Employees'_ Retirement 10,392.70 13,521.35 Teachers' Retirement 13,521.35 .355.54 Workmen's Compensation 355.54 28, 853.71 Withholding Tax 28,853.71 2,083.10 Employees' Savings Bonds 2,083.10 6.64* State Plumbing Fees 6.644* 11-079.80 State Hunting& Fishing 'Plees 1,079.-80. 461, 691.25 TOTALS 116,191.25 345,500-00 *Deduct Total Fund 10,000.00 10,000.00 40,000.00 40,000.00 726.94 10,733.95 11;460.89 49,500.00 4:500.00 71.97 22.1.29 293.26 12,000..00 12,000.00 -8,764.04 8,764.04 85,707.75 85,707.75 $53.!6.2 14;537°85 15,391.47 3,000.00 3,000.00 153.90 1,000.00 -1,153.90 2,570.94 4-750.00 7 ; 320.94 100,000.00 100:0,100.00 37.61 •.2,000.-00 2,037.61 25U000.00 25,000.00 6a 90 500;00 -506.90 100.77 1,000 00 1,100;77 147.30 5,000,00 5,147.30 18,423.35. 18,423.35 394,74 1,000.00 1,394.74 .330.20 2,000.00 2,330.20- ,330.204;000.00 4,,000.00 4;000.00 .34,.8.1 1,000.00 1,341.81 3,265005 12,000.00 15,265.05 5,000.00 5,000.00 11,000,:0.0 11;000.00 10,000.001 10,000.00 36.9.5. 36.95 854.=36 . 854; 36 2,101.45 2,101.45 99.00 99.00 39n95 39,.95 140.00 140.00 10,392.70 10,392.70 13,521.35, 13,521.35 355.54„ .355.54 28,8153.1i 28, 853.71 2,083.10 2,083.10 6 e 6V 6.64* 1,079.80 11-079.80 17,765.79 443; 925.46 461, 691.25 STATEMENT OF._D_EBX.!L'TMIT.BORROWING CAPACITY 11 As -at _December 319 1956 Assessed Valuation April 1, 1956 40„858,960.00 Debt Limit, (7Y/rof .Valuation) 3, 064, 422.00 City of Bangor Liabilities: Bonded Indebtedness 1,396„000 00 Notes.Payable, 306,500.00 1;702,500.00 Net Borrowing Capacity 1,361,922.00 FUT,UR DEBT SE.RVI-.Cl�-.,.f)N PRE -SEN -T DEB T December • 319 1956 TotBond Payments to be made from 'Bond - Note Note Future Genezal _ Water Year Maturities Interest Maturities Interest Debt Service. Fund Fund 1957 148,000,00 22,520050 199,000,00 5,991-26 375,511076 296,171°76 79,340,00 1958 146,000,00 20,154,50 15,500,.00 2,399038 184,053 88 165,631 38 18,422050 1959 130,000°00 17,816 00 14;000°00 2,080 00 163,896000 145,716000 18,180,00 1960 128,000.00 15,737000 14;000 00 1,770000 159,507,00 141,569.50 17,937,50 1961 126,000.00 13 694.06 14, 000000 1,460.00 155,154, 00 137,459.00 17,695000 1962 126,000°00 11,685 50 14,000.00 1,150.00 152,835'50 135,383000 17,452.x50 1963 114,000.00 9,717.00 14,000 00 84G.-00 138,557°00 131,347000 7,210000 1964 97.,000 00 7,926.00 14,000 00 530.00 119,456000 112,351.00 7,105 00 1965 84.,000,00 6,390.00 4;000.00 22U0 94161000 94,610 00 1966 33,000.00 5;049000 4,000°00 110000 42,159000 42,159.00 1967 33,000.00 4,488000 37,48800 37,488 00 1968 33,000 00 3,927.00 36;927°00 36,927000 1969 33,000,00- 3,366°00 36,366000 36,366 00 1970 33,000 00 2,805 00 35,805-.00 35,805000 1971 33,000 00 2,244.00 35,244000 35,244 00 1972 33,000.00- 1,683000 34;683000 34,683°00 1973 33,000.00 1,122 00 34;122,00 34,122.00 1974 33,000.00 561°00 33,561,.00 33,561,00 Totals 1,996, 150,885.50 306,500-00 167550,64 •T,869,936�14 1,686,.593°64 183,342050 NE:T.DEBT -RAT I-0 TO ASSE-S-SMENfS :AND NET DEBT PER' -CAPITA Net Debt Net Ratio to Per Capita -Debt 'Assessments Assessments Net Debt Year 1947 '625 500 00' 30,626,582.00 002042 21.63 1948 570,150000 32,811$01600 .01738 19.71 1949 968,000 00. 36,528,744.00 002650 33047 1950 1,339,000 00 36,454,760.00 .03673 42043 1951 1,217,000°00. 37,555„470,00 °03246 38063 1952 1,308- ' 500.00 38,077,270.00 003436 41046 1953 1;818,500x00 38,493,960000 .04724 57062 1954 1,728,500000, -39,602,000.00 004365 54077 1955 1,643,500 00 40,227,790000 °04985 52.09 1956 1;,702,500,00 40,858,960.00 04167 53096 I C I T:Y .O.F'. HANG..OR HOSPITAL, &; HOME DEPARTMENT MONTHLY .0VERATING STATEMENT Month of December, 1956 OPERATING REVENUE. 1956 THIS YEAR ACCOUNT -Budget Month To Date 6051 Hospital -Charges Full Pay Cases 5,500.00 -848000 .36407.16 6052 Home Charg-es.Full Pay,Cases 2„108 00 156-00. 1,444 21 6053 Hospital &.Home Miscellaneous -350.00 6054 Hospital Charges Part Pay-Indier,, 13;,000000 1,474.70 19,605°85 6055 Home. Char.g,es. Part Pay Ind.aw. 3,;900.00 725.40 6,998;92 TOTAL -REVENUE 24,858.00 3,204.10 31,456 14 OPERATING EXPENSE - ACCOUNT 40-0-1 Personal Services -5-9.,200000 6,105.20 62,966082 40.0-2 Supplies 22-,,86,0 00 . 2, 6-36 24 27, 955.93 40'-0-3 Contractual Services 5,800000 765.17 6,548084 40-.0-4. Communications -575.-00 92.75 381.29- 02940-0-5 40-0-.5Fuel & Utilities 6,225000 1,291093 6,403033 40-0--6 Equipment Costs 27.00 82.61 440.90 SUB TOTAL 94-,687.00 10,9.73090 104,697.11 40-0.98 Credit.s.�Hospo:(Deduct). -56,179.00 4,028072 62,603051 40-0-99 Credits -Home (Deduct) 14,000000 -6,64080 12,61-8.78 TOTAL OPERATING. EXPENSE 24;508000 6,280,-38 29,474082 NET'INCOME 350,00', 3,076-.,28` 1,981032 *Loss 12, CITY OF BANGOR AUDITORIUM DEPARTMENT MONTHLY OPERAT'I' G STATEMENT Month of December, 1956 OPERATING•REVENUE< THIS -YEAR 'ACCOUNT -Month To Date 6075 Building,Rental 850000 19y514o78 6076 Basketball F1oor'Serv. Charge 84>00 408x00 6077 Rough Floor Serv. Charge 108°'00 7-38x00 6078 Ice Rink•Servo Charge '500000 6079 Portable. 'Stage Serv. Charge -6.00" . 63<`00 6080 Beachers Sery„•Charge 90.00. 603.00 6081 Folding- hairs Serv,- Charge 8000 76°00 6082 -Boxing Ring Serv,,Charge 24°00 6083 Public Addre.ss System Serv.:Charge 101.25 6084 Admissions City Operated Ice,Skating 1,570008 5,524.28 6088 Concessions 1,779,57 21,062°19 TOTAL OPERATING•REVENUE 49495065 48.L614.'50 OPERATING EXPENSE: ACCOUNT 51-1-1 Per Services 1,526'°00 15,11262. 51-1-2 Supplies 415.55 2,749,86 511••'3 Contractual Services 1;6030.36• 11V531.85 517174 Communications . 47.30 625,40 51-1•-5 Fuel & Utilities 3,231030 14,495 37 51-1-6 Equipment Costs .4.1390 SUB TOTAL --6,823.51 44,929600 CONCESSIONS 51 2?1 Personal Services 310:,00 3,035°50 512"-2 Supplies 1,211.3',2 8,572°69 51-2-3 Contractual Services 260.09'0 5,6350.11 51-2-5 Fuel& Utilities 3300 154.00 . SUB TOTAL 1,81522' 17,397030 TOTAL. OPERATING EXPENSE 8,638073 62,326 30 OPERATING PROFIT 4,,143008* 13,711°80* *Loss 130