TOWN OF READING
MUNICIPAL LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS
FOR THE YEAR ENDED JUNE 30, 2006
Operating Revenues:
	Electric sales, net of discounts of $ 3,417,704			$	77,258,878
	Customer refunds and fuel charge adjustments:
		Rate refund			(2,921,885)
		Fuel charge adjustment			985,528
		Purchase power adjustment			(21,177)
		Total Operating Revenues			75,301,344
Operating Expenses:
	Purchase power				55,844,567
	Operating				8,011,912
	Maintenance				2,073,907
	Depreciation				2,790,346
	Voluntary payments to towns				1,060,708
		Total Operating Expenses			69,781,440
		Operating Income			5,519,904
Nonoperating Revenues (Expenses):
	Contributions in aid of construction				694,448
	Interest income				602,242
	Interest expense				(146,214)
	MMWEC refund				661,311
	Loss on disposal of capital assets				(26,031)
	Return on investment to Town of Reading				(1,946,870)
	Other				281,915
		Total Nonoperating Revenues (Expenses), Net			120,801
		Change in Net Assets			5,640,705
Net Assets at Beginning of Year					78,438,034
Net Assets at End of Year				$	84,078,739
See notes to financial statements.
			Proof		(0)