| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 8/31/07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MONTH |
|
MONTH |
|
LAST YEAR |
|
CURRENT YEAR |
YTD % |
|
LAST YEAR |
|
CURRENT YEAR |
|
TO DATE |
|
TO
DATE |
CHANGE |
| OPERATING
REVENUES: (SCH D P.11) |
|
|
|
|
|
|
|
|
|
| BASE REVENUE |
|
3,749,917.37 |
|
3,664,336.97 |
|
7,598,095.57 |
|
7,167,815.82 |
-5.66% |
| FUEL REVENUE |
|
3,763,953.27 |
|
2,868,538.24 |
|
7,673,712.74 |
|
5,467,585.56 |
-28.75% |
| PURCHASED POWER CAPACITY REFUND |
(564,113.63) |
|
(8,966.04) |
|
(1,007,695.29) |
|
(15,610.80) |
-98.45% |
| FORFEITED DISCOUNTS |
|
90,649.93 |
|
82,316.87
|
|
156,379.50 |
|
153,368.42
|
-1.93% |
|
|
|
| TOTAL OPERATING REVENUES |
|
7,040,406.94
|
|
6,606,226.04
|
|
14,420,492.52
|
|
12,773,159.00
|
-11.42% |
|
|
|
|
|
|
| OPERATING
EXPENSES: (SCH E P.12) |
|
|
|
|
|
| PURCHASED POWER BASE |
|
1,623,044.59
|
|
1,840,451.44
|
|
3,011,423.41
|
|
3,784,958.74
|
25.69% |
| PURCHASED POWER FUEL |
|
3,229,477.97
|
|
3,231,255.83
|
|
7,462,285.30 |
|
6,448,602.27 |
-13.58% |
| OPERATING |
|
530,045.46
|
|
507,101.09
|
|
1,062,778.39
|
|
1,174,335.62
|
10.50% |
| MAINTENANCE |
|
228,301.30
|
|
194,099.29
|
|
366,498.00
|
|
365,452.63
|
-0.29% |
| DEPRECIATION |
|
242,271.62
|
|
250,525.00
|
|
484,543.24
|
|
501,050.00
|
3.41% |
| VOLUNTARY PAYMENTS TO TOWNS |
|
90,550.00
|
|
96,400.00
|
|
181,100.00
|
|
192,800.00
|
6.46% |
|
|
|
| TOTAL OPERATING EXPENSES |
|
5,943,690.94
|
|
6,119,832.65
|
|
12,568,628.34
|
|
12,467,199.26
|
-0.81% |
|
|
|
|
|
|
|
|
|
| OPERATING INCOME |
|
1,096,716.00 |
|
486,393.39
|
|
1,851,864.18 |
|
305,959.74
|
-83.48% |
|
|
|
|
|
|
|
|
|
| NONOPERATING
REVENUES (EXPENSES) |
|
|
|
|
|
| CONTRIBUTIONS IN AID OF CONST |
15,281.63 |
|
9,496.20 |
|
29,807.71 |
|
9,496.20 |
-68.14% |
| RETURN ON INVESTMENT TO READING |
(167,582.58) |
|
(259,166.50) |
|
(335,165.16) |
|
(345,555.33) |
3.10% |
| INTEREST INCOME |
|
42,046.36 |
|
53,146.19
|
|
82,835.69 |
|
92,988.00
|
12.26% |
| INTEREST EXPENSE |
|
(8,902.68) |
|
(6,900.25) |
|
(17,816.45) |
|
(13,692.36) |
-23.15% |
| OTHER (MDSE AND AMORT) |
|
395.05 |
|
85,918.82
|
|
19,801.25 |
|
125,157.52 |
532.07% |
|
|
|
| TOTAL
NONOPERATING REV (EXP) |
|
(118,762.22) |
|
(117,505.54) |
|
(220,536.96) |
|
(131,605.97) |
-40.32% |
|
|
|
|
|
|
| CHANGE IN NET ASSETS |
|
977,953.78 |
|
368,887.85 |
|
1,631,327.22 |
|
174,353.77 |
-89.31% |
| |
|
|
|
|
|
|
| NET
ASSETS AT BEGINNING OF YEAR |
|
84,078,739.12 |
|
85,989,763.81 |
2.27% |
|
|
|
| NET
ASSETS AT END OF AUGUST |
|
|
85,710,066.34
|
|
86,164,117.58
|
0.53% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|