| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 1/31/08 |
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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 |
|
3,084,328.44 |
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3,211,155.71 |
|
22,612,592.08 |
|
22,971,705.45 |
1.59% |
| FUEL REVENUE |
|
2,256,183.16 |
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4,032,311.46 |
|
19,605,103.05 |
|
22,445,400.31 |
14.49% |
| PURCHASED POWER CAPACITY REFUND |
(1,147,496.72) |
|
151,609.10
|
|
(2,004,315.18) |
|
1,259,978.97
|
-162.86% |
| FORFEITED DISCOUNTS |
|
79,866.99 |
|
96,244.14
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479,305.10 |
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534,501.79
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11.52% |
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| TOTAL OPERATING REVENUES |
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4,272,881.87
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7,491,320.41
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40,692,685.05
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47,211,586.52
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16.02% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,664,544.86
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1,774,608.19
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10,918,351.23
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12,846,716.49
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17.66% |
| PURCHASED POWER FUEL |
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2,935,065.79
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4,702,235.72
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20,006,268.95 |
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24,050,397.46 |
20.21% |
| OPERATING |
|
629,029.74
|
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772,151.78
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4,389,234.93
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4,615,404.54
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5.15% |
| MAINTENANCE |
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205,629.60
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203,509.60
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1,431,564.91
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1,410,472.49
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-1.47% |
| DEPRECIATION |
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242,271.62
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250,525.00
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1,695,901.34
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1,753,675.00
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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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634,795.00
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661,261.00
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4.17% |
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| TOTAL OPERATING EXPENSES |
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5,768,041.61
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7,799,430.29
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39,076,116.36
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45,337,926.98
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16.02% |
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| OPERATING INCOME |
|
(1,495,159.74) |
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(308,109.88) |
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1,616,568.69 |
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1,873,659.54
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15.90% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
0.00 |
|
17,986.27 |
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160,687.21 |
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108,019.09 |
-32.78% |
| RETURN ON INVESTMENT TO READING |
(167,582.58) |
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(172,777.67) |
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(1,173,078.08) |
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(1,209,443.67) |
3.10% |
| INTEREST INCOME |
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56,966.87 |
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38,946.62 |
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394,754.62 |
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383,568.12 |
-2.83% |
| INTEREST EXPENSE |
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(8,833.59) |
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(6,734.14) |
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(68,422.26) |
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(48,185.72) |
-29.58% |
| OTHER (MDSE AND AMORT) |
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23,722.15 |
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34,679.43
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66,623.10 |
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255,728.54
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283.84% |
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| TOTAL
NONOPERATING REV (EXP) |
|
(95,727.15) |
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(87,899.49) |
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(619,435.41) |
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(510,313.64) |
-17.62% |
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| CHANGE IN NET ASSETS |
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(1,590,886.89) |
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(396,009.37) |
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997,133.28 |
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1,363,345.90 |
36.73% |
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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 JANUARY |
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85,075,872.40
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87,353,109.71
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2.68% |
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