1955City of Bangor
Maine
a
ANNUAL FINANCIAL REPORT
FISCAL YEAR ENDED DEC. 31;1955
The Honorable Council. and Manager
of the 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, 1955. Our examination was made in accordance with generally
accepted auditing standards, and accordingly included such tests of the account-
ing records and such other auditing procedures as we considered 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 Fund) of th-e City of Bangor, Maine,
at December 31, 1955,, and the results of operations of the General Fund for the
year then ended, in conformity with g-ener-ally accepted principles of governmental
accounting applied on a basis consistent with that of the preceding year.
ERNST & ERNST
ACCOUNTS AND AUDITORS
January 27, 1956
CONTENTS
General Fund Balance Sheet
Estimated and Actual Revenues
1
F,
General Fund, Appropriation, Expenditures and Unexpended Balances 3
General Fund, Analysis of Un.appropriat'ed Surplus ¢
Tax Collection During•Yea-r of Levy 5
Statement of Tax Deeds 5
Analysis of Taxes Receivable 5
Statement of Municipal Property 6
Combined Fund Bal-ance Sheet,!Resources 7
Combined Fund Balance Sheet, Liabilities 8
Statement of Trust -and -Agency -Funds 9
Capital Funds Balance Sheet 10
St.atoment of Debt Limit and- Borrowing Capacity 11
Future Debt Service on Present Debt 11
d
Net Debt Ratio to Assessments and Net Debt Per Capita 11
GENERAL- FUND .BALANCE .SHEET
CITY OF BANGOR., MAINE
December 319 1955
ASSETS
CASH ON HAND AND DEPOSITS
CASH ADVANCES AND WORKING FUNDS
Petty Cash 900.00
Postage Fund 500,;00
TAXES RECEIVABLE
Uncollected Taxes
ACCOUNTS RECEIVABLE
Uncollected Taxes Securec
by Tax Deeds
Uncollected Taxes Securec
by .Sewer Deed's'
State Aid Road Grant
Other, Miscellaneous
INVENTORIES
Office Supplies
Public Works
Revised Ordinances
PREPAYMENTS
TOTAL -ASSETS
8,798.01
4,037.50
6,006.57
25,17.7. 99
789.04
7,632<89
1,029.09
174,805.76
1,4.00.00
66,663.17
44,020.07
9,451.02
900.00
INABILITIES, RESERVES, AND SURPLUS
LIABILITIES
Prepaid 1956 Auto Excise Tax 29,761.11
Prepaid Federal Grant -Schools 32,724.00
RESERVES
Encumbrances
Abbott Square Parking Meter Fund
Hay.ma,r.ke.t, S'%.' Parking Meter Fund.
G'ar,l.and Street Field F'u,iid
Harlow. St -r ee-t P r o pe r t y
Po.li,ce _and Fire- Se-rvites
State--A,id Road Con-s-truction
Un;c-ollected Taxes.
SURPLUS
Cash Operating Surplus
Unrealized Surplus
31,004.78
8,275.25
265.40
1,655.20
2,834.55
1,172.12
6,006.57
15 ,.474.09
62,485.11
66,687.96
67,.11.3.35
100,953.60 168,066.95
297,240:02 TOTAL LIABILITIES, RESERVES AND SURPLUS
297,240.02
ESTIMATED AND A-CTUAL.REVENUES
For the Year Ended December 31, 1955
2.
Estimated
Revenue
Total
Excess or
Revenue
Billed &
Cash
Revenue
Deficiency*
Uncollected
Receipts
TAXES
Prior Years Levies
50,000.00
53,807.36
.53,807.36
.3,807.36
Other Local Taxes
163,000.00
200,142.54
200,142.54
37,142054
Total
213,000.00
253,949.90
253,949.90
40,949.90
LICENSES .AND PERMITS
For Street Use
56, 000.00
54, 200 35
54,9200.35
1, 799.65*
Street Privileges and Permits
675.00
1,122.80
1,122.80.
447.80
Business Licenses
1,650.00
1,565.00
1,565.00
85.00*
Police.and Protective
1,736.00
2,18,6.75
2,186.75
450.75
Amusements
1,230:00
841.00
841.00
389.00*
Professional and Occupational
70.00
153.50
153.50
83.54
Non Business Licenses.& Permits
3,840.00
3,550.06
3,550.06
2;89.94*
Total
65,201.00
63,619.46
63,619.46
1,581.54*
FINES, FORFEITS & PENALTIES
Fines and Court Fees
20,000.00
22,506.12
22,506.12
2,506.12
Total
20,000-.00
22,506012
22;506.12
2,506.12
USE OF MONEY & PROPERTY
Miscl. Rent and Concessions
200.00
340.52
340.52
140.52
Interest on Investments
1,200.00
1,790.00
1,790.00
590.00
Total
1,400'.00
2,130.52
2,130.52
730.52
FROM OTHER AGENCIES
State Shared Taxes
42,000.00
43,720.40
43,720.40
1,720.40
State Grants in Aid
164,125.00
200.00
159,227.49
159,427.49
4,697.51*
Federal Grants in Aid
54,845.00
51,881.81
51,881.81
2,963.19*
Payments in Lieu of Taxes
1,773.00
2,273.60
2,273.60
500.60
Total
262,743.00
200.00
257,103.30
257,303.30
5,439.70*
SERVICE CHARGES FOR CURRENT SERVICES
General Government
7,380.:00
3.00
9,616.55
9,619.55
2,239.55
Safety
1,600.00
277.31
1,443.46
1,720.77
120.77
Highway
300.00
18.41
255.02
273.43
26.57*
Sanitation
21, 800.00
12, 346.3$
9; 246,.16
2,1,;592.54
207: 46*
Health
970.00
2050
1,076.00
1,078..50
108.50
Welfare
6,846'.00
776.90
7,474.04
8,250.94
1,404.94
Cemeteries
2,150:00
2,721.13
2,721.1.3
571.13
Public Buildings
34,735.00
1,207.66
19,•589.14
20:,796.80
13,938.20*
Schools
35,000.00
4,085;99
_31,196.60
-35,202. 59
282.59
Total
110,781.00
18, 718.15
82, 6.18.10
101,336.25
9, 444.75*
TRANSFERS FROM OTHER FUNDS
'• Transfers. from Other Funds
121,000.00
1011000°00
1019,000.00
20,000.00*
Total
121,000.00
101,000.
101,000.00
20,000.00*
REIMBURSEMENTS
General Government
1,450.0.0
13.34
498 16
511.50
938.50*
Welfare
25;228.00
:.990x90
.31,766.91
32,757.8 1
7,529.81
Total
26,678.00
1,004:24
32,265.07
'33,2.9.31
6,591.31
GRAND TOTALS
820, 803.00
19, 922.'39
815,192.47
835,.114.86
14, 311.86
w
GENERAL FUND o APPROPR-IATION,,! EXPENDITURES
AND UNEXPENDED 7
BALANCES,
For the
Year Ended December 31, 1955
Appropriation
Total
Original
Increase or
Amended
Disbursements
Encumbrances
Disbursements
Unexpended
DEPARTMENT OR APPROPRIATION TITLE Appropriation.
Decrease*
Appropriation
& Encumbrances
Appropriation
Legislative
6,300;00
.6,300;00
-6,202;10
17.44-
6,219.54
80.46
Executive
16,893000
16,893.00
15,214065
- 5.20
15,219.85
1,673.15
City Clerk
14,712;00-
1000 %
15;712.00
-16,587.84
-63.24
16;651.08
939,08*
Finance
73,770.00
73,770.00
-68.,228.03--
67,15
68,295.18
5,474.82
Registration of Voters
8,306,00--
.8,306. 00
79771.56-
.53
7,772,09
533,91
Assessment
20,848.00
20,848.00
20,404.83
8.00
20,412.83435.17
Treasury
19,366,00
19,366x00
-17,798 39
126000
17,924.39
1,441.61
Purchasing
Planning
8,040;00
8,040,00
7,489.76
18.33
7,50809
. 531.91
City Solicitor
6;611.00
6,611.00
3,847.41
3,847,41
29763.59
5,210.00
5,210;00
4,595.10
-
4,595.10
614,90
Police
245;198.00
2454148,00
235,717,00
11991.90
237,708.90
7,439.10
Fire
308,792,00
308,792.00
300.671.31
-444°-59
301,115.90
7,676.10
Electrical
82,845.00
82,845400
72,809.60
1;007.47
73,817.07
9,027.93
Civil Service Commission
250.00
250.00
152,76
152.76
97.24
Building Inspection
16,350.00
16;350000
15,41'9.39
15,419439
930.61
Public Buildings
46,608,00
19,400.00
.66,00800
62,09.41
520.23
62,615464
3,392.36
Public Works
"589,045.00
4,465.00
593;510.00
551,910438
21,582,28
573,492.66
20,017,34
City Home & Hospital
82,732.00
82,732.00
89,162.65
314.59
89,477.24
6,745,24*
Health
Welfare
40,903.00
--350.00
"41,-253.00
40;176:93
-392.22
40,569.15
683,85
Sealer of Weights & Measures
62,579.00
50.00
-62,579.00
59,711498
25.00
-59,736.98
2,842.02
.Recreation
Pensions
28;867:00
448.00
50.00
29,315.00
53.84
27,956.45
20,00
.53.84
27,976.45
3,84*
1,338455
Taxes Paid to County
71,600,00
94,500,00
'71,600,00
"94,500.00
71,495.63
71,495.63
104.37
Debt Service
-92,-865.00
92,865.00
1,635.00
186,816,00
186;816.00
184,838.33
184,838.33
1,977.67
Contingent
25,000,00
21,663.00*
39337.00
3,000.00
3,000,00
337,00
Education
1,060,000.00
1,060;000:00
-1,068,819.57
1,068,819,57
8,819457*
Public Library
39;400,00
39,400400--
- 39,400.00
392400;00
Civil Defense
6,746,00
6,746.00
2,319,43
3,345.33
"5,664,76
-1,081.24
Engineering
22,542;00
22;5442.00
21,216.46
12478
21,229,24
1,312.76
Municipal Auditorium
20,000.-00
4;000400*
16;000000
11,148046
1;042050
129390x96
3,809.04
TOTAL APPROPRIATION 'ACCOUNTS
3, 210, 829.00
3, 210, 829.00
3,119,08042-s--
31,004-7-8-
3,150,085.03
609 743.97
* Deduct
w
I =.
. GENERAL FUND.
ANALYSIS OF UNAPPROPRIATED SURPLUS
Year Ended, Deeember-3i,i955
'BALANCE AT JANUARY 1, 1955
ADDITIONS
From operations:
Excess of estimated revenues over
expenditures for 1955:
Revenues from general; -property
and, p,oll taxes {Note)
Departmental revenues
Less appropriations
Excess of. .actual over estimated
revenues for 1955
Excess of appropriations over
expenditures for 1955
Other:
.Supplemental tax levy
Profit, on sales of -City Property
Prior year adjustments, etc.
'Transfer from capital fund
DEDUCTIONS
Appropriations for 1955 budget use `charged
to unappropriat.:d surplus
Transfer to fixed asset fund
$2,450,026-.00
820.803.00
3,270,'829.00
3,210,829,00
BALANCE AT DECEMBER 31, 1955
Note: Total tax commitment for 1955:
Real estate
Personal property
Poll
Less transfers.to:.
Recreation District tax
Ove.rJay (allowance for doubtful
taxes receivable)
81,942; 56.2-.76
567,737.66
21, 837.00
66,450.00
60,000.00
14-,-3-11 : -8-6.
A -A 7 A I 07
$135,055.83
2,099.'83
6.06.72
194-..04
100.-00
$150,926.23
153,79
$2,'532,137.42
15, 661.42. 821111.42
$2,'450,'026.00
$181,090.55
138,056.42
S-319,146.97
151,080.:02
$168,066.95
4.
5.
TA - X COL•LECTI0N
DURING YEAR OF LEVY
Year Ended
Taxes
N
Uncollected
1949
Collections
Percentage
December
Property
Property Tax
Tax
Adjusted
in Year
of
31st.
Tax List
Rate per M
Levy
Levy
of Levy
Collections
1946'
28,888,387.00
48>90
1,434,650.00
1„435,059..00
1,.411,265.00
98;'3
1947
30,626,582.00
-5-5:40
1,721;621.00
1,721,701;00
1,685,968x00
97.9
1948
32,8.11,016°00
55.10
1,832;,152.00
1;832,233.00
1,796,,972.00
98.0
1949
36,528,744.00
54.80
2,027,398.00
2,013,993.'00
1,963,520.00
97.4
1950
36,454,766°00
53.80
1,986,835.00
1,982,0.12.00
1,926,261;00
97.1
1951
37,.555;470;00
56.00
2,126,983.00
2,122,.915.00
2,076,976.00
97.8
1952
38,077,27,0.00
53.00
2,018,095.00
2.;011,527,00
1,974,445.00
98.2
1953
.38,493,960,.00
City 58.85
Auditorium
1.15
Total 60.00
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
40,227,790.00
City. 60.75_,
Auditorium
1.65
Total 1. 62°40
2,510,214.00
2.;506,641.00
2,453,226.00
97.9
Note: The
poll tax is included
in the years prior to 1952,because'former account methods did not
distinguish between poll
tax collections and property
tax collections.
STATEMENT
OF TAX
-DEEDS
Year Ended
December
319 1955
Y E A R
Balances
1954 Taxes
Redeemed
Property
Cancelled
Balances
l/l/55
Interest
Titles Taken-
12/31/55
and Cost
by City
1948
.77..77
9>81
67.96
1949
112°06
23.19
88,87
1950
346.77
148.6 3
198.14
1951
962.54
493.10
22.45
446.99
1952 .
1,942.08
945.55
996.53
1953
69238.45
4,017.32
12.75
2,208.38
1954
12,421.52
7,630.38
4,791.14
9,679.67
12,421.52
13,234.98
68.20
8,798.01
ANALYSIS OF TAXES. RECE-1-VABLE,
As At'December 319 1955
Y E A R
Taxes
N
Uncollected
1949
.62.81
-� 1950
135.60
1951
311.20
1952
473.62
1953
2,809.05
1954
5,355.1-3
1955
57,515.76
T 0 T A L
66,663.17
STATEMENT OF MUNICIP:A-U-PRO-P_RRTY
December 319 1955
CLASSIFICATION
'AMOUNT
City Hall
-2-43;493.13
Auditorium
64, -130.00
Health Department
2,181.75
Police Department
16,528.60
Fire Department
- 179,'0-2-5.89
Highway .and Bridges
-- 3-;-940,341.69
Municipal Garage- -and -Police- Station
200,'000.00
Park Property
-.497,643.00
Gravel Bank Property
20,000.00
Electric Department
101,098.15
Wardroom- York Street
2,660.00
City Home and Hospital
256,066.78
Recreation Department
4',-457.00
Cemetery Property
42,,900.30
School Property
3',592 . 830.'97
Municipal Dock
10,000.00
Garland Street Athletic -Field
--90,000.00
Other Miscellaneous -Property
69,'336.92
TOTAL
9,332,'894.18
I '4
6.
COMBINED FUND BALANCE .-SHE.ET--E.XCL.U.ShY�,:OF.-THE-,W-ATER-FUND
As at December 319 1955
RESOURCES
'Cash on Hand and Deposits
Postage Meter Fund :.
Savings Accounts
Securities .
'Custody of,Kirstein Fund Trustees -
Hersey Fund,Investment in City Hall
Accounts Receivable
State Aid Grants
Due from.Other Funds
Taxes Receivable
Accounts Receivable -Tax -Deeds
Accounts Receivable -Sewer Deeds
Office Supplies Inventory
Public Works Inventory
Revised Ordinances -Inventory
Prepayments
City Property Tax Deeds
Fixed Properties
To be Provided in Future Periods
TOTAL RESOURCES
Trust &
Municipal
Fixed
Grand
General
Agency
Capital.
Debt
-Asset
Total
Fund
Fund -
-Fund
Fund.
Fund
All Funds
175,705.76
83;414°78
57;075.05
316,195.59
500.00
500.00
26,442.96
26,442.96
240,500;00
240-0500.00
15,082.68
.15,082.68
100,000.00
100,000.00
25,177.99
25,177.99
6,006.57
6,006.57
223,000.00
223,000.00
66,663.17
66,663.17
8,798.01
8,798.01
4,037.50
4,037.50
789.04
789.04
7,632.89
7,632.89
1,029,09
1,029.69
900.00
900.00
5,803.91
5,803.91
9,332,894.18
9,332,894.18
90,000-00
1,420,500-00-
_
_-1),510,500.0
297,240.02
465,440.42,
147,07`5.05
1,643,500.00
9,338,698.09
11,891,953.58
1 J'
COMBLNED FUND BALANCE-EXC.LUS.°IVE-.:-0FvT.RE.=W_A.:T:.ER_TUND
Asat .December 311 .1955
Trust.& Municipal -Fixed Grand
.General Agency Capital Debt ,Asset, Total
Fund Fund Fund Fund Fund.. All Funds
LIABILITIES AND RESERVES
Notes Payable
Due to Other Fundsa
Bonds Outstanding
Abbott Square Park-ing-Meter Fund
Haymarket Square Parking Meter Fund
Garland Street Field
Harlow. Street Property
Police and Fire Services
Federal Grant Schools -Prepaid
Automobile Excise Taxes -Prepaid
State Aid Construc.tion.Imp.;Fund
Reserve for Encumbrances
Reserve for Uncollected Taxes
Reserve for Miscellaneous
Investment in Fixed -Assets
Surplus
TOTAL LIABILITIES & RESERVES
999300°00
99,500°00
909000.0090,000.00
.1P 544, 000--00
195446000:00
8,275.25
8,275025
265;40
26540
1,655.20
1,655.20
2,834.55
2,834.'55
1,172 12
1,172.12
32,724600
32,724°00
.-29,-7,61.11
29,761.11
---6;006.57
6,006,57
319004,78
31;004,78
15,474009
15,474.09
465;440=42 -57475�;05
522,515.47
9,338,698-09
9,338,698009
168,066,95
168,066.95
297;240.02. 465,440.42 147,075.05 1,643,500.00 9,338,698;09
11,.891;953°58
T
STATEMENT
OF
TRUST. AN.D.A-GENCY
FUNDS
9.
As.At
December 319.1955
Fund -Balance
Total
Cash
Securities
Income
Principal
Fund
FUND
Adams
•Bangor. Children's Home
10,000.00
10,000.00
10,000.00
Bangor Firemen's Relief
1,230.08
40;000.00
10,000,00
496.13
40,`000;00
10,733°95
40,000.00
11,230.08
Bangor Fuel Society
Bangor High
4 500000
4;500,;00
4,'500.00
School Loan
285.37
64008
221.29
285.37
Bangor Mechanic Association
12,000.00
12,-000;00
12,000.00
Bass Park
Cemeteries
7;068,35
7,068035
7,068;35
Arthur Chapin
20,957.75
59,500.00
80,.457.75.
80,457.75
Thomas U' Coe
21608.56
14;500000
2;570.71
14-;537°'85
17,108.56
Hiram H. Fogg
126.30
•3,-000.00
1,000,00
126.30
3;0fl.Os00
-It"000000
3;000.00
1,126.30
French Medal
2,636.11
-4,500000
2,386.11
4-,750.00,
7,136.11
Hersey
Holton Public School
1.100000.00
- -10,& 000-e0,0
100,000.00
Home for Aged Women
60-.,14
2,000.00
60,14-
2,000.00
2,060.14
Kirstein-City Hospital & Home
-500:00
25,000.00
25;,000.00
25,000.00
Kirstein Missionary;
-581.37
-300.00
81.37
500,fl0
1,000.00
.500.00
1,081.37
Kirstein Scholarship
272.30
5,000.-00
272.30
`59000w00
5,272.30
Kirstein Student -Loan
--15,082.68
3,000.00
- --18,082..-68
18,082.68
O'Connell Trust
367.14
1,000000
367.14
1;000000
1,367.14
Hiram P. Oliver
275.00
21000.00
275.00
2;000000.
24275.00
Pierce
41000.00
4,000-.00,
4,000.00
L.E. Sabine
291.81
1-1000.00
291.81
1,-000.00
1,291.81
Stetson Missionary
-3,051.00
12,000.00
3,051.00
12;;000.00
15,051.00
Stetson
-5,000;00
.-5,000°00
5,000.00
Geo. T. Stodder
11;000.00
11,000;00.
11,000.00
Mildred Varnum
Wakefield
300.00
:300000
300.00
State Sales Tax -Auditorium
38.33
10,000.00
10,000;00
10;000,00
Employees' State Group Life Ins„
2,,764.°19,
-38.33
29764:; i9 -
38.33
2,76-4.'19
Teachers' State ,Group Life Ins.
1,763045
- --1,76-3.45
1,763.45
Community Chest
25.00
25.00
25.00
Miscellaneous Employee Deductions
1,381,90
1-9381.-90
1,381;90
Union Dues-Public.Works
128.00
12$.00.
-128.00
Employees' Retirement
10,493.25
10-,'493;25
10,493025
Teachers' Retirement
19,249.80
-19.,249-0-80
19 1.,249.80
Workmen's Compensation
2,605.14
-2-Y:605.14
2;605.14
Withholding Tax
27 26260
27,2b2e60
27;262.60
Employees' Saving Bonds
2#472-.25
2,472.25
2,472.'25
State Plumbing.Fees
9.65
9..65
9.65
State Hunting &. Fishing Fees
1,052.9d
-1,052.90
1,052.90
T O T A L S
124,940.42
3409500.00.
17,110.44
448329.98
465,440.42
CAPTT.AL FUNDS
BALANCE -SHEET.
As.at December 31, 1955
RESOURCES
LASH ON DEPOSIT '57,075:05
FUNDS TO BE PROVIDED,,FUTURE PERIODS 90,000.00
TOTAL .RE -SOURCES 147, 07 5.0`5
LIABILITIES AND RESERVES
DUE TO OTHER FUNDS
RESERVES
Purchase of Land -and School Construction 2,,`808.'58
Replacing Variou-s B-a,ss Park Structures 4`,•137.66
Survey & Construct -ion of Municipal Wells. & -Pumps -3 00'0.'00
Construction of Municipal Swimming Pool & Bath House 20,728.81
Sewer Installation.with-•Pumping Station -26,400;00 - 579075.05
TOTAL LIABILITIES AND RESERVES 147,075.05
IN
1 'h
10,
i1%
STATEMENT OF DEBT. LIMIT-AN,WRORROWIN:G-CAPAC=I•TY 11.
December 31.9 195.5 '
Assessed Valuation April 1, 1955 40,227,790,00
Debt Limit (73% % of Valuation) 3,170,842.00
City of Bangor Liabilities:
Bonded Indebtedness, 1,544;000.00
Notes Payable 999 500.00 1;643;500.00
Net -Borrowing Capacity, 1,527,342-00
Totals 1544,000.00
FUTURE DEBT SERVICE. -O -N --PRESENT DEBT
December 31; 1955
Bond Note Note
Interest Maturities - Interest
24,914.00
22,520.50
20;154.50
17,816.00
15,737.00
13,694.00
i 1,-685.50
9;717.00
7;926.00
6,396.-00
5,049.00
4;4$8.00
3,927.00
3,366000
2,805.00
-2, 244.00
-1168T00.
561.00
14;'000.00
14;000,00-
IL -500.00
10;000.00.
10;000.00
10000.00
1011000.00.-
10,000.00
0;000.0010,000.00
10;000.00
175, 7'99.50 99, 500:06
273> 76
203.76
149.38
120000
100.00
80.00
60.00
40.00
20:00
Total
Bond
Year
Maturities.
1956
148,000.00
1957
148,.000.00
1958
146,.000.00.
1959
130,000.00
1960
128,000.00
1961
126,000.00
1962
126,000.00
1963
114,000,00
1%4
97,000.00 ,
1965
84,000.00
1966
33,000.00
1967
331000.00
1968
33,000.00
1969
33,000.00
1970
33,000,00
1971
33,000.00,
1972
33,000:00
1973-
33, 000;00- .
1974
33,000.00
Totals 1544,000.00
FUTURE DEBT SERVICE. -O -N --PRESENT DEBT
December 31; 1955
Bond Note Note
Interest Maturities - Interest
24,914.00
22,520.50
20;154.50
17,816.00
15,737.00
13,694.00
i 1,-685.50
9;717.00
7;926.00
6,396.-00
5,049.00
4;4$8.00
3,927.00
3,366000
2,805.00
-2, 244.00
-1168T00.
561.00
14;'000.00
14;000,00-
IL -500.00
10;000.00.
10;000.00
10000.00
1011000.00.-
10,000.00
0;000.0010,000.00
10;000.00
175, 7'99.50 99, 500:06
273> 76
203.76
149.38
120000
100.00
80.00
60.00
40.00
20:00
Total
f?ayfrients-to--be-trade from
Future
Genera
Water .
Debt- Service
Haid; .
Fund
187,187.76
168;280..26
18,907.50
184;724.16--
-166;059.26
18,665,00
177,803.88
:159,381.38
18,422.50
157,936.00
139;756.00
18,180.00
-153,837;00
-135,899>50
17,937,50
149,-774.00
132,079.00
17;695.00
147,745.50
130,293,00
17,452.50
133,757.00
116;541.00.
17;210.00
114,946000
-97,841:00
17,105.00
90,390.00
-90,390.00,,
-36,454,766>00
38,049.00
38,049.00
1951
37,488.00
37,488,00
-.03246
36,927.00
36,927.00
1, 308, 50Q. 00
36,366.00
36.,366.00
41:46
35;805:00
35,805000
38,4931960.00
-35,244.00
35,244000
1954
_34;-683-.M
34-,683.00
.04365
34,122,00
34,1'22.00
1,643,500.00
33,561.00
33,561.00
52.09
1,820,346.40
1,658,771:40
161,575.00
NET DEBT RATI-0-3'0-ASSESM ;N -T -S
AND NET DEBT-PER^CA-PITA
Net -Debt
Net
Ratio to
Per Capita
Debt
Assessments
Assessments-
Net Debt
Year 1946
693,050.00
289888,387.00
.02399
23,96
1947
625,500.00
301--626,582.00
.02042
21.63
1948
-570;1-50.00
32;°811;016:00
.01738
19.71
1949
-968;000.00
-36.528,744- 00
-02650
33.47
1950
1;339,000.00
-36,454,766>00
03673
42.43
1951
1;217,000,00
37,555,470.00
-.03246
38.63
1952
1, 308, 50Q. 00
-38,077,270.00
.03436
41:46
1953
1;818,500.00
38,4931960.00
.04724
57,62
1954
1,728,500.00
39;6021000.00
.04365
-54.77
1955
1,643,500.00
40,227,790,00
,04085
52.09