| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 7/31/07 |
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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 |
|
3,848,178.20 |
|
3,503,478.85 |
|
3,848,178.20 |
|
3,503,478.85
|
-8.96% |
| FUEL REVENUE |
|
3,909,759.47 |
|
2,599,047.32 |
|
3,909,759.47 |
|
2,599,047.32
|
-33.52% |
| PURCHASED POWER CAPACITY REFUND |
(443,581.66) |
|
(6,644.76) |
|
(443,581.66) |
|
(6,644.76) |
-98.50% |
| FORFEITED DISCOUNTS |
|
65,729.57 |
|
71,051.55
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65,729.57 |
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71,051.55
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8.10% |
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| TOTAL OPERATING REVENUES |
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7,380,085.58
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6,166,932.96
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7,380,085.58
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6,166,932.96
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-16.44% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,388,378.82
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1,944,507.30
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1,388,378.82
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1,944,507.30
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40.06% |
| PURCHASED POWER FUEL |
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4,232,807.33
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3,217,346.44
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4,232,807.33
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3,217,346.44
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-23.99% |
| OPERATING |
|
532,732.93
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|
667,234.53
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532,732.93
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|
667,234.53
|
25.25% |
| MAINTENANCE |
|
138,196.70
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|
171,353.34
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138,196.70
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|
171,353.34
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23.99% |
| DEPRECIATION |
|
242,271.62
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|
250,525.00
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242,271.62
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|
250,525.00
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3.41% |
| VOLUNTARY PAYMENTS TO TOWNS |
|
90,550.00
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96,400.00
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90,550.00
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96,400.00
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6.46% |
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| TOTAL OPERATING EXPENSES |
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6,624,937.40
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6,347,366.61
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6,624,937.40
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6,347,366.61
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-4.19% |
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| OPERATING INCOME |
|
755,148.18 |
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(180,433.65) |
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755,148.18 |
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(180,433.65) |
-123.89% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
14,526.80 |
|
0.00 |
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14,526.08 |
|
0.00 |
-100.00% |
| RETURN ON INVESTMENT TO READING |
(167,582.58) |
|
(86,388.83) |
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(167,582.58) |
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(86,388.83) |
-48.45% |
| INTEREST INCOME |
|
40,789.33 |
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39,841.81 |
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40,789.33 |
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39,841.81 |
-2.32% |
| INTEREST EXPENSE |
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(8,913.77) |
|
(6,792.11) |
|
(8,913.77) |
|
(6,792.11) |
-23.80% |
| OTHER (MDSE AND AMORT) |
|
19,406.20 |
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39,238.70
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19,406.20 |
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39,238.70
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102.20% |
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| TOTAL
NONOPERATING REV (EXP) |
|
(101,774.02) |
|
(14,100.43) |
|
(101,774.74) |
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(14,100.43) |
-86.15% |
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| CHANGE IN NET ASSETS |
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653,374.16 |
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(194,534.08) |
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653,373.44 |
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(194,534.08) |
-129.77% |
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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 JULY |
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84,732,112.56
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85,795,229.73
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1.25% |
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