| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 3/31/08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MONTH |
|
MONTH |
|
LAST YEAR |
|
CURRENT YEAR |
YTD % |
|
LAST YEAR |
|
CURRENT YEAR |
|
TO DATE |
|
TO
DATE |
CHANGE |
| OPERATING
REVENUES: (SCH D P.11) |
|
|
|
|
|
|
|
|
|
| BASE REVENUE |
|
3,217,174.41 |
|
2,817,152.83 |
|
28,962,176.07 |
|
28,999,098.28 |
0.13% |
| FUEL REVENUE |
|
2,282,197.01 |
|
3,911,023.50 |
|
23,903,165.72 |
|
30,790,173.31 |
28.81% |
| PURCHASED POWER CAPACITY REFUND |
72,247.75 |
|
494,769.44
|
|
(1,766,386.54) |
|
1,930,222.28
|
-209.28% |
| FORFEITED DISCOUNTS |
|
60,651.96 |
|
70,839.38
|
|
598,991.56 |
|
669,866.03
|
11.83% |
|
|
|
| TOTAL OPERATING REVENUES |
|
5,632,271.13
|
|
7,293,785.15
|
|
51,697,946.81
|
|
62,389,359.90
|
20.68% |
|
|
|
|
|
|
| OPERATING
EXPENSES: (SCH E P.12) |
|
|
|
|
|
| PURCHASED POWER BASE |
|
1,862,212.48
|
|
1,820,254.55
|
|
14,268,242.71 |
|
16,555,363.89 |
16.03% |
| PURCHASED POWER FUEL |
|
1,256,741.70
|
|
4,370,097.15
|
|
22,796,248.02
|
|
32,862,236.03 |
44.16% |
| OPERATING |
|
637,837.85
|
|
708,077.48
|
|
5,526,480.30 |
|
5,974,966.36 |
8.12% |
| MAINTENANCE |
|
223,681.04
|
|
219,655.57
|
|
1,784,757.79
|
|
1,811,006.68
|
1.47% |
| DEPRECIATION |
|
242,271.62
|
|
250,525.00
|
|
2,180,444.58
|
|
2,254,725.00
|
3.41% |
| VOLUNTARY PAYMENTS TO TOWNS |
|
91,500.00
|
|
96,400.00
|
|
817,795.00
|
|
854,061.00
|
4.43% |
|
|
|
| TOTAL OPERATING EXPENSES |
|
4,314,244.69
|
|
7,465,009.75
|
|
47,373,968.40
|
|
60,312,358.96
|
27.31% |
|
|
|
|
|
|
|
|
|
| OPERATING INCOME |
|
1,318,026.44 |
|
(171,224.60) |
|
4,323,978.41 |
|
2,077,000.94
|
-51.97% |
|
|
|
|
|
|
|
|
|
| NONOPERATING
REVENUES (EXPENSES) |
|
|
|
|
|
| CONTRIBUTIONS IN AID OF CONST |
9,512.25 |
|
38,583.22 |
|
178,674.81 |
|
154,286.91 |
-13.65% |
| RETURN ON INVESTMENT TO READING |
(167,582.58) |
|
(172,777.67) |
|
(1,508,243.24) |
|
(1,554,999.01) |
3.10% |
| INTEREST INCOME |
|
54,478.85 |
|
28,045.74
|
|
500,426.21 |
|
448,206.38
|
-10.44% |
| INTEREST EXPENSE |
|
(8,861.30) |
|
(6,790.34) |
|
(86,130.72) |
|
(61,747.07) |
-28.31% |
| OTHER (MDSE AND AMORT) |
|
1,453.95 |
|
(38,932.05) |
|
69,486.00 |
|
272,712.61 |
292.47% |
|
|
|
| TOTAL
NONOPERATING REV (EXP) |
|
(110,998.83) |
|
(151,871.10) |
|
(845,786.94) |
|
(741,540.18) |
-12.33% |
|
|
|
|
|
|
| CHANGE IN NET ASSETS |
|
1,207,027.61 |
|
(323,095.70) |
|
3,478,191.47 |
|
1,335,460.76 |
-61.60% |
| |
|
|
|
|
|
|
| NET
ASSETS AT BEGINNING OF YEAR |
|
84,078,739.12 |
|
85,989,763.81 |
2.27% |
|
|
|
| NET
ASSETS AT END OF MARCH |
|
|
87,556,930.59
|
|
87,325,224.57
|
-0.26% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|