| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 2/29/08 |
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MONTH |
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MONTH |
|
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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3,132,409.58 |
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3,210,240.00 |
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25,745,001.66 |
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26,181,945.45 |
1.70% |
| FUEL REVENUE |
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2,015,865.66 |
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4,433,749.50 |
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21,620,968.71 |
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26,879,149.81 |
24.32% |
| PURCHASED POWER CAPACITY REFUND |
165,680.89 |
|
175,473.87
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(1,838,634.29) |
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1,435,452.84
|
-178.07% |
| FORFEITED DISCOUNTS |
|
59,034.50 |
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64,524.86
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538,339.60 |
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599,026.65
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11.27% |
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| TOTAL OPERATING REVENUES |
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5,372,990.63
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7,883,988.23
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46,065,675.68
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55,095,574.75
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19.60% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,487,679.00
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1,888,392.85
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12,406,030.23
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14,735,109.34
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18.77% |
| PURCHASED POWER FUEL |
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1,533,237.37
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4,441,741.42
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21,539,506.32
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28,492,138.88 |
32.28% |
| OPERATING |
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499,407.52
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651,484.34
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4,888,642.45
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5,266,888.88
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7.74% |
| MAINTENANCE |
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129,511.84
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180,878.62
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1,561,076.75
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1,591,351.11
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1.94% |
| DEPRECIATION |
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242,271.62
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250,525.00
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1,938,172.96
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2,004,200.00
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3.41% |
| VOLUNTARY PAYMENTS TO TOWNS |
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91,500.00
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96,400.00
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726,295.00
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757,661.00
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4.32% |
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| TOTAL OPERATING EXPENSES |
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3,983,607.35
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7,509,422.23
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43,059,723.71
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52,847,349.21
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22.73% |
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| OPERATING INCOME |
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1,389,383.28 |
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374,566.00
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3,005,951.97 |
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2,248,225.54
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-25.21% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
8,475.35 |
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7,684.60 |
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169,162.56 |
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115,703.69 |
-31.60% |
| RETURN ON INVESTMENT TO READING |
(167,582.58) |
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(172,777.67) |
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(1,340,660.66) |
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(1,382,221.34) |
3.10% |
| INTEREST INCOME |
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51,192.74 |
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29,523.53
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445,947.36 |
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413,091.65
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-7.37% |
| INTEREST EXPENSE |
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(8,847.16) |
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(6,771.01) |
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(77,269.42) |
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(54,956.73) |
-28.88% |
| OTHER (MDSE AND AMORT) |
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1,408.95 |
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55,916.12
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68,032.05 |
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311,644.66
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358.09% |
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| TOTAL
NONOPERATING REV (EXP) |
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(115,352.70) |
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(86,424.43) |
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(734,788.11) |
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(596,738.07) |
-18.79% |
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| CHANGE IN NET ASSETS |
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1,274,030.58 |
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288,141.57 |
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2,271,163.86 |
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1,651,487.47 |
-27.28% |
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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 FEBRUARY |
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86,349,902.98
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87,641,251.28
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1.50% |
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