| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 5/31/07 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
14,200,527.51 |
|
12,590,794.65 |
| RESTRICTED CASH |
|
(SCH A P.9) |
51,846,103.92 |
|
25,487,601.05 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
4,400,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
6,237,205.19 |
|
6,207,586.38 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
833,770.37 |
|
526,243.22 |
| INVENTORY |
|
1,203,138.71 |
|
1,578,690.37 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
78,720,745.70
|
|
50,790,915.67 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
163,532.35 |
|
146,594.04 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
55,024,255.23 |
|
57,070,335.58 |
| OTHER ASSETS |
|
(SCH C P.2) |
26,869.46 |
|
23,289.74 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
55,214,657.04 |
|
57,240,219.36 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
133,935,402.74 |
|
108,031,135.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
5,469,834.38 |
|
5,450,147.70 |
| CUSTOMER DEPOSITS |
|
509,098.00 |
|
485,057.71 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
480,847.60 |
|
632,426.17 |
| ACCRUED LIABILITIES |
|
48,551.99 |
|
213,329.76 |
| CURRENT PORTION OF BONDS PAYABLE |
|
855,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
37,178,454.00 |
|
11,279,633.39 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
44,541,785.97 |
|
18,610,594.73 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| BONDS PAYABLE, NET OF CURRENT PORTION |
1,650,000.00 |
|
1,100,000.00 |
| ACCRUED EMPLOYEE COMPENSATED ABSENCES |
2,255,916.18 |
|
2,267,230.58 |
|
|
|
|
| TOTAL NONCURRENT LIABILITIES |
|
3,905,916.18 |
|
3,367,230.58 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES |
|
48,447,702.15 |
|
21,977,825.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
52,519,255.23 |
|
55,420,335.58 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
3,538,677.67 |
|
2,744,534.51 |
| UNRESTRICTED |
|
29,429,767.69 |
|
27,888,439.63 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
85,487,700.59
|
|
86,053,309.72 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
133,935,402.74 |
|
108,031,135.03 |
|
|
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|
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