| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 12/31/07 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
13,135,662.71 |
|
15,261,571.55 |
| RESTRICTED CASH |
|
(SCH A P.9) |
34,805,369.92 |
|
12,451,258.54 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
2,900,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
7,330,792.80 |
|
8,144,217.72 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
2,123,332.81 |
|
1,963,063.65 |
| INVENTORY |
|
1,364,631.09 |
|
1,595,443.80 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
63,159,789.33
|
|
42,315,555.26 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
148,914.53 |
|
133,576.92 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
56,486,226.78 |
|
58,123,185.53 |
| OTHER ASSETS |
|
(SCH C P.2) |
24,764.74 |
|
21,261.80 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
56,659,906.05 |
|
58,278,024.25 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
119,819,695.38 |
|
100,593,579.51 |
|
|
|
|
|
|
|
|
|
|
|
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|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
7,016,124.93 |
|
8,197,545.28 |
| CUSTOMER DEPOSITS |
|
503,908.33 |
|
452,488.21 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
488,371.17 |
|
591,500.37 |
| ACCRUED LIABILITIES |
|
33,105.02 |
|
35,718.44 |
| CURRENT PORTION OF BONDS PAYABLE |
|
550,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
21,194,196.06 |
|
0.00 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
29,785,705.51 |
|
9,827,252.30 |
|
|
|
|
| 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 |
|
33,152,936.09 |
|
12,844,416.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
54,836,226.78 |
|
57,023,185.53 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
3,281,136.41 |
|
3,842,352.25 |
| UNRESTRICTED |
|
28,549,396.10 |
|
26,883,625.53 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
86,666,759.29
|
|
87,749,163.31 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
119,819,695.38 |
|
100,593,579.51 |
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