| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 3/31/08 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
12,471,538.57 |
|
13,533,917.79 |
| RESTRICTED CASH |
|
(SCH A P.9) |
29,954,116.67 |
|
12,147,424.05 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
2,900,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
7,905,030.29 |
|
6,702,383.82 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
1,244,477.41 |
|
1,421,187.06 |
| INVENTORY |
|
1,645,897.36 |
|
1,591,356.33 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
57,621,060.30
|
|
38,296,269.05 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
146,594.04 |
|
133,576.92 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
56,938,810.64 |
|
60,262,036.85 |
| OTHER ASSETS |
|
(SCH C P.2) |
23,879.74 |
|
20,383.04 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
57,109,284.42 |
|
60,415,996.81 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
114,730,344.72 |
|
98,712,265.86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
7,279,948.30 |
|
6,686,776.74 |
| CUSTOMER DEPOSITS |
|
496,194.06 |
|
494,309.85 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
562,450.17 |
|
609,252.36 |
| ACCRUED LIABILITIES |
|
20,132.52 |
|
29,538.44 |
| CURRENT PORTION OF BONDS PAYABLE |
|
550,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
14,897,458.50 |
|
0.00 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
23,806,183.55 |
|
8,369,877.39 |
|
|
|
|
| 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 |
|
27,173,414.13 |
|
11,387,041.29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
55,288,810.64 |
|
59,162,036.85 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
2,849,613.36 |
|
3,616,956.88 |
| UNRESTRICTED |
|
29,418,506.59 |
|
24,546,230.84 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
87,556,930.59
|
|
87,325,224.57 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
114,730,344.72 |
|
98,712,265.86 |
|
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