| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 1/31/08 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
13,623,137.64 |
|
13,095,571.25 |
| RESTRICTED CASH |
|
(SCH A P.9) |
31,962,303.49 |
|
12,084,090.54 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
2,900,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
6,004,930.12 |
|
7,368,234.38 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
2,795,579.63 |
|
2,414,710.94 |
| INVENTORY |
|
1,742,955.03 |
|
1,543,410.08 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
60,528,905.91
|
|
39,406,017.19 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
148,914.53 |
|
133,576.92 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
56,666,950.64 |
|
58,260,083.44 |
| OTHER ASSETS |
|
(SCH C P.2) |
24,469.74 |
|
20,968.88 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
56,840,334.91 |
|
58,414,629.24 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
117,369,240.82 |
|
97,820,646.43 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
8,517,016.37 |
|
5,802,682.71 |
| CUSTOMER DEPOSITS |
|
499,635.06 |
|
490,131.30 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
496,621.17 |
|
591,500.37 |
| ACCRUED LIABILITIES |
|
2,472.52 |
|
16,058.44 |
| CURRENT PORTION OF BONDS PAYABLE |
|
550,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
18,860,392.72 |
|
0.00 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
28,926,137.84 |
|
7,450,372.82 |
|
|
|
|
| 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 |
|
32,293,368.42 |
|
10,467,536.72 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
55,016,950.64 |
|
57,160,083.44 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
3,090,297.80 |
|
3,759,055.38 |
| UNRESTRICTED |
|
26,968,623.96 |
|
26,433,970.89 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
85,075,872.40
|
|
87,353,109.71 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
117,369,240.82 |
|
97,820,646.43 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|