| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 2/29/08 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
10,287,414.93 |
|
11,805,960.95 |
| RESTRICTED CASH |
|
(SCH A P.9) |
30,436,682.86 |
|
12,388,841.92 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
2,900,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
7,048,449.32 |
|
7,861,248.81 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
1,998,556.82 |
|
1,845,352.86 |
| INVENTORY |
|
1,687,926.75 |
|
1,551,582.86 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
55,859,030.68
|
|
38,352,987.40 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
146,594.04 |
|
133,576.92 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
56,849,200.18 |
|
60,132,947.70 |
| OTHER ASSETS |
|
(SCH C P.2) |
24,174.74 |
|
20,675.96 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
57,019,968.96 |
|
60,287,200.58 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
112,878,999.64 |
|
98,640,187.98 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
4,925,239.87 |
|
6,273,739.14 |
| CUSTOMER DEPOSITS |
|
496,479.99 |
|
492,984.85 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
500,780.17 |
|
642,250.37 |
| ACCRUED LIABILITIES |
|
11,302.52 |
|
22,798.44 |
| CURRENT PORTION OF BONDS PAYABLE |
|
550,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
16,678,063.53 |
|
0.00 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
23,161,866.08 |
|
7,981,772.80 |
|
|
|
|
| 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 |
|
26,529,096.66 |
|
10,998,936.70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
55,199,200.18 |
|
59,032,947.70 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
2,922,781.04 |
|
3,734,332.86 |
| UNRESTRICTED |
|
28,227,921.76 |
|
24,873,970.72 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
86,349,902.98
|
|
87,641,251.28 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
112,878,999.64 |
|
98,640,187.98 |
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