| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 6/30/07 |
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MONTH |
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MONTH |
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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 |
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3,529,968.69 |
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3,112,195.23 |
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37,507,056.03 |
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37,570,009.60 |
0.17% |
| FUEL REVENUE |
|
4,009,738.67 |
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1,596,377.44 |
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39,988,014.04 |
|
28,722,981.10 |
-28.17% |
| PURCHASED POWER CAPACITY REFUND |
(3,066,775.17) |
|
454,888.02
|
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(2,943,062.07) |
|
(854,879.56) |
-70.95% |
| FORFEITED DISCOUNTS |
|
46,617.86 |
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59,391.31
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749,336.29 |
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786,531.78
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4.96% |
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| TOTAL OPERATING REVENUES |
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4,519,550.05
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5,222,852.00
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75,301,344.29
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66,224,642.92
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-12.05% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,385,747.73
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1,889,515.28
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16,842,080.81 |
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19,812,376.23
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17.64% |
| PURCHASED POWER FUEL |
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3,285,979.29
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2,491,012.07
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39,002,486.21 |
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29,912,851.45 |
-23.31% |
| OPERATING |
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1,052,996.55
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846,271.98
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7,542,885.71 |
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7,615,136.25
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0.96% |
| MAINTENANCE |
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292,597.90
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311,056.32
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2,542,933.56
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2,463,150.81
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-3.14% |
| DEPRECIATION |
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232,528.84
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242,271.61
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2,790,346.02
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2,907,259.43
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4.19% |
| VOLUNTARY PAYMENTS TO TOWNS |
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93,296.00
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107,364.00
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1,060,707.64
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1,108,159.00
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4.47% |
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| TOTAL OPERATING EXPENSES |
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6,343,146.31
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5,887,491.26
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69,781,439.95
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63,818,933.17
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-8.54% |
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| OPERATING INCOME |
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(1,823,596.26) |
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(664,639.26) |
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5,519,904.34 |
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2,405,709.75
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-56.42% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
673,106.92 |
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696,888.44 |
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1,547,164.29 |
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885,626.25 |
-42.76% |
| RETURN ON INVESTMENT TO READING |
(188,270.20) |
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(223,363.74) |
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(1,972,901.05) |
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(2,066,772.14) |
4.76% |
| INTEREST INCOME |
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(62,281.70) |
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119,368.97
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602,242.10 |
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700,829.50 |
16.37% |
| INTEREST EXPENSE |
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(8,121.68) |
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2,840.69
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(141,809.71) |
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(101,162.17) |
-28.66% |
| OTHER (MDSE AND AMORT) |
|
201.39 |
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5,358.99
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86,104.87 |
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86,793.50
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0.80% |
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| TOTAL
NONOPERATING REV (EXP) |
|
414,634.73 |
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601,093.35 |
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120,800.50 |
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(494,685.06) |
-509.51% |
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| CHANGE IN NET ASSETS |
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(1,408,961.53) |
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(63,545.91) |
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5,640,704.84 |
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1,911,024.69 |
-66.12% |
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| NET
ASSETS AT BEGINNING OF YEAR |
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78,438,034.28 |
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84,078,739.12 |
7.19% |
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| NET
ASSETS AT END OF JUNE |
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84,078,739.12
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85,989,763.81
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2.27% |
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