| TOWN OF READING, MASSACHUSETTS | |||||
| MUNICIPAL LIGHT DEPARTMENT | |||||
| FORMULA INCOME | |||||
| 12/31/07 | |||||
| TOTAL OPERATING REVENUES (P.3) | 39,720,266.11 | ||||
| ADD: | |||||
| POLE RENTAL | 37,657.60 | ||||
| INTEREST INCOME ON CUSTOMER DEPOSITS | 13,607.88 | ||||
| LESS: | |||||
| UNBILLED PURCHASED POWER EXPENSE | (15,941.91) | ||||
| OPERATING EXPENSES (P.3) | (37,538,452.46) | ||||
| BOND INTEREST EXPENSE | (32,940.00) | ||||
| CUSTOMER DEPOSIT INTEREST EXPENSE | (8,511.58) | ||||
| FORMULA INCOME (LOSS) | 2,175,685.64 | ||||