| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 7/31/07 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
13,485,293.22 |
|
14,428,218.36 |
| RESTRICTED CASH |
|
(SCH A P.9) |
44,858,769.14 |
|
18,744,200.89 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
4,400,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
9,784,384.37 |
|
7,512,173.84 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
138,050.11 |
|
1,017,562.52 |
| INVENTORY |
|
1,227,209.44 |
|
1,574,463.31 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
73,893,706.28
|
|
47,676,618.92 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
163,532.35 |
|
141,810.36 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
55,554,968.16 |
|
57,455,891.23 |
| OTHER ASSETS |
|
(SCH C P.2) |
26,239.74 |
|
22,726.40 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
55,744,740.25 |
|
57,620,427.99 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
129,638,446.53 |
|
105,297,046.91 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
8,515,105.51 |
|
7,790,242.11 |
| CUSTOMER DEPOSITS |
|
502,545.48 |
|
480,756.59 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
488,715.01 |
|
600,163.12 |
| ACCRUED LIABILITIES |
|
188,181.56 |
|
200,637.44 |
| CURRENT PORTION OF BONDS PAYABLE |
|
550,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
31,294,555.83 |
|
6,862,854.02 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
41,539,103.39 |
|
16,484,653.28 |
|
|
|
|
| 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 |
|
44,906,333.97 |
|
19,501,817.18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
53,904,968.16 |
|
56,355,891.23 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
3,190,725.55 |
|
2,627,067.14 |
| UNRESTRICTED |
|
27,636,418.85 |
|
26,812,271.36 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
84,732,112.56
|
|
85,795,229.73 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
129,638,446.53 |
|
105,297,046.91 |
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