| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 8/31/07 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
11,623,928.24 |
|
14,861,253.07 |
| RESTRICTED CASH |
|
(SCH A P.9) |
43,267,968.77 |
|
16,354,443.42 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
4,400,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
7,883,135.73 |
|
6,295,174.68 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
1,145,237.16 |
|
664,944.25 |
| INVENTORY |
|
1,262,267.56 |
|
1,551,208.10 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
69,582,537.46
|
|
44,127,023.52 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
163,532.35 |
|
141,810.36 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
55,785,749.84 |
|
57,533,299.17 |
| OTHER ASSETS |
|
(SCH C P.2) |
25,944.74 |
|
22,433.48 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
55,975,226.93 |
|
57,697,543.01 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
125,557,764.39 |
|
101,824,566.53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
5,772,046.78 |
|
6,195,342.70 |
| CUSTOMER DEPOSITS |
|
501,794.43 |
|
478,337.44 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
496,285.01 |
|
600,163.12 |
| ACCRUED LIABILITIES |
|
109,827.49 |
|
273,934.92 |
| CURRENT PORTION OF BONDS PAYABLE |
|
550,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
29,050,513.76 |
|
4,545,506.87 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
36,480,467.47 |
|
12,643,285.05 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| BONDS PAYABLE, NET OF CURRENT PORTION |
1,100,000.00 |
|
550,000.00 |
| ACCRUED EMPLOYEE COMPENSATED ABSENCES |
2,267,230.58 |
|
2,467,163.90 |
|
|
|
|
| TOTAL NONCURRENT LIABILITIES |
|
3,367,230.58 |
|
3,017,163.90 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES |
|
39,847,698.05 |
|
15,660,448.95 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
54,135,749.84 |
|
56,433,299.17 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
3,448,937.61 |
|
2,890,209.40 |
| UNRESTRICTED |
|
28,125,378.89 |
|
26,840,609.01 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
85,710,066.34
|
|
86,164,117.58 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
125,557,764.39 |
|
101,824,566.53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|