TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
12/31/07
						ACTUAL		BUDGET				%
						YEAR TO DATE		YEAR TO DATE		VARIANCE*		CHANGE
OPERATING REVENUES: (SCH F P.11B)
BASE REVENUE						19,760,549.74		20,653,899.00		(893,349.26)		-4.33%
FUEL REVENUE						18,413,088.85		21,044,966.00		(2,631,877.15)		-12.51%
PURCHASED POWER CAPACITY REFUND						1,108,369.87		0.00		1,108,369.87		100.00%
FORFEITED DISCOUNTS						438,257.65		454,386.00		(16,128.35)		-3.55%
TOTAL OPERATING REVENUES						39,720,266.11		42,153,251.00		(2,432,984.89)		-5.77%
OPERATING EXPENSES: (SCH G P.12A)
PURCHASED POWER BASE						11,072,108.30		10,833,008.00		239,100.30		2.21%
PURCHASED POWER FUEL						19,348,161.74		21,044,966.00		(1,696,804.26)		-8.06%
OPERATING						3,843,208.53		4,223,059.00		(379,850.47)		-8.99%
MAINTENANCE						1,206,962.89		1,420,385.00		(213,422.11)		-15.03%
DEPRECIATION						1,503,150.00		1,519,320.00		(16,170.00)		-1.06%
VOLUNTARY PAYMENTS TO TOWNS						564,861.00		578,400.00		(13,539.00)		-2.34%
TOTAL OPERATING EXPENSES						37,538,452.46		39,619,138.00		(2,080,685.54)		-5.25%
OPERATING INCOME						2,181,813.65		2,534,113.00		(352,299.35)		-13.90%
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST						90,032.82		200,000.00		(109,967.18)		-54.98%
RETURN ON INVESTMENT TO READING						(1,036,666.00)		(1,033,200.00)		(3,466.00)		0.34%
INTEREST INCOME						344,621.50		199,998.00		144,623.50		72.31%
INTEREST EXPENSE						(41,451.58)		(40,440.00)		(1,011.58)		2.50%
OTHER (MDSE AND AMORT)						221,049.11		48,228.00		172,821.11		358.34%
TOTAL NONOPERATING REV (EXP)						(422,414.15)		(625,414.00)		202,999.85		-32.46%
CHANGE IN NET ASSETS						1,759,399.50		1,908,699.00		(149,299.50)		-7.82%
NET ASSETS AT BEGINNING OF YEAR						85,989,763.81		85,989,763.81		0.00		0.00%
NET ASSETS AT END OF DECEMBER						87,749,163.31		87,898,462.81		(149,299.50)		-0.17%
*	( ) = ACTUAL UNDER BUDGET