| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 12/31/07 |
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MONTH |
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MONTH |
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LAST YEAR |
|
CURRENT YEAR |
YTD % |
|
LAST YEAR |
|
CURRENT YEAR |
|
TO DATE |
|
TO
DATE |
CHANGE |
| OPERATING
REVENUES: (SCH D P.11) |
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| BASE REVENUE |
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2,825,677.52 |
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3,132,775.35 |
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19,528,263.64 |
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19,760,549.74 |
1.19% |
| FUEL REVENUE |
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2,048,427.93 |
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3,710,317.46 |
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17,348,919.89 |
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18,413,088.85 |
6.13% |
| PURCHASED POWER CAPACITY REFUND |
286,031.09 |
|
328,850.71
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(856,818.46) |
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1,108,369.87
|
-229.36% |
| FORFEITED DISCOUNTS |
|
66,126.47 |
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75,355.12
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399,438.11 |
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438,257.65
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9.72% |
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| TOTAL OPERATING REVENUES |
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5,226,263.01
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7,247,298.64
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36,419,803.18
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39,720,266.11
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9.06% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,586,295.95
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1,758,818.57
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9,253,806.37 |
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11,072,108.30 |
19.65% |
| PURCHASED POWER FUEL |
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2,366,654.68
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4,901,264.86
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17,071,203.16
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19,348,161.74 |
13.34% |
| OPERATING |
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762,098.12
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708,414.55
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3,760,205.19
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3,843,208.53
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2.21% |
| MAINTENANCE |
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209,337.21
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236,376.41
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1,225,935.31
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1,206,962.89
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-1.55% |
| DEPRECIATION |
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242,271.62
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250,525.00
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1,453,629.72
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1,503,150.00
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3.41% |
| VOLUNTARY PAYMENTS TO TOWNS |
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90,545.00
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82,861.00
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543,295.00
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564,861.00
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3.97% |
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| TOTAL OPERATING EXPENSES |
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5,257,202.58
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7,938,260.39
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33,308,074.75
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37,538,452.46
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12.70% |
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| OPERATING INCOME |
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(30,939.57) |
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(690,961.75) |
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3,111,728.43 |
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2,181,813.65
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-29.88% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
12,289.50 |
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25,427.54 |
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160,687.21 |
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90,032.82 |
-43.97% |
| RETURN ON INVESTMENT TO READING |
(167,582.60) |
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(172,777.66) |
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(1,005,495.50) |
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(1,036,666.00) |
3.10% |
| INTEREST INCOME |
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110,134.71 |
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55,931.05
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337,787.75 |
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344,621.50
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2.02% |
| INTEREST EXPENSE |
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(15,017.84) |
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(6,744.56) |
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(59,588.67) |
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(41,451.58) |
-30.44% |
| OTHER (MDSE AND AMORT) |
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1,345.40 |
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1,965.08 |
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42,900.95 |
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221,049.11
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415.25% |
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| TOTAL
NONOPERATING REV (EXP) |
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(58,830.83) |
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(96,198.55) |
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(523,708.26) |
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(422,414.15) |
-19.34% |
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| CHANGE IN NET ASSETS |
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(89,770.40) |
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(787,160.30) |
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2,588,020.17 |
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1,759,399.50 |
-32.02% |
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| NET
ASSETS AT BEGINNING OF YEAR |
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84,078,739.12 |
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85,989,763.81 |
2.27% |
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| NET
ASSETS AT END OF DECEMBER |
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86,666,759.29
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87,749,163.31
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1.25% |
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