| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 6/30/07 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
15,670,858.82 |
|
14,378,468.30 |
| RESTRICTED CASH |
|
(SCH A P.9) |
47,148,228.58 |
|
21,256,098.38 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
4,400,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
5,611,596.63 |
|
6,663,669.58 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
95,377.66 |
|
534,430.70 |
| INVENTORY |
|
1,251,361.28 |
|
1,581,827.40 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
74,177,422.97
|
|
48,814,494.36 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
163,532.35 |
|
141,810.36 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
55,369,965.46 |
|
57,451,002.70 |
| OTHER ASSETS |
|
(SCH C P.2) |
26,534.74 |
|
23,019.32 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
55,560,032.55 |
|
57,615,832.38 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
129,737,455.52 |
|
106,430,326.74 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
6,303,281.15 |
|
5,954,682.30 |
| CUSTOMER DEPOSITS |
|
504,493.06 |
|
480,656.59 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
488,305.01 |
|
595,423.12 |
| ACCRUED LIABILITIES |
|
165,546.86 |
|
183,871.69 |
| CURRENT PORTION OF BONDS PAYABLE |
|
855,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
33,424,859.74 |
|
9,108,765.33 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
41,741,485.82 |
|
16,873,399.03 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| BONDS PAYABLE, NET OF CURRENT PORTION |
1,650,000.00 |
|
1,100,000.00 |
| ACCRUED EMPLOYEE COMPENSATED ABSENCES |
2,267,230.58 |
|
2,467,163.90 |
|
|
|
|
| TOTAL NONCURRENT LIABILITIES |
|
3,917,230.58 |
|
3,567,163.90 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES |
|
45,658,716.40 |
|
20,440,562.93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
52,864,965.46 |
|
55,801,002.70 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
3,181,631.85 |
|
2,364,103.18 |
| UNRESTRICTED |
|
28,032,141.81 |
|
27,824,657.93 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
84,078,739.12
|
|
85,989,763.81 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
129,737,455.52 |
|
106,430,326.74 |
|
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