| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 5/31/07 |
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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 |
|
2,585,890.91 |
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2,699,886.77 |
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33,977,087.34 |
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34,457,814.37 |
1.41% |
| FUEL REVENUE |
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2,800,534.15 |
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1,473,615.70 |
|
35,978,275.37 |
|
27,126,603.66
|
-24.60% |
| PURCHASED POWER CAPACITY REFUND |
13,472.67 |
|
473,562.52
|
|
123,713.10 |
|
(1,309,767.58) |
-1158.71% |
| FORFEITED DISCOUNTS |
|
71,920.26 |
|
69,566.63
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702,718.43 |
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727,140.47
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3.48% |
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| TOTAL OPERATING REVENUES |
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5,471,817.99
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4,716,631.62
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70,781,794.24
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61,001,790.92
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-13.82% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,373,062.94
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1,849,180.36
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15,456,333.08
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17,922,860.95 |
15.96% |
| PURCHASED POWER FUEL |
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3,182,908.16
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2,055,012.53
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35,716,506.92 |
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27,421,839.38 |
-23.22% |
| OPERATING |
|
594,141.76
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623,573.05
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6,489,889.16 |
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6,768,864.27 |
4.30% |
| MAINTENANCE |
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306,465.54
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222,111.48
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2,250,335.66
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2,152,094.49
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-4.37% |
| DEPRECIATION |
|
232,528.84
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242,271.62
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2,557,817.24
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2,664,987.82
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4.19% |
| VOLUNTARY PAYMENTS TO TOWNS |
|
90,000.00
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91,500.00
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967,411.64
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1,000,795.00
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3.45% |
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| TOTAL OPERATING EXPENSES |
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5,779,107.24
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5,083,649.04
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63,438,293.70
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57,931,441.91
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-8.68% |
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| OPERATING INCOME |
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(307,289.25) |
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(367,017.42) |
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7,343,500.54 |
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3,070,349.01
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-58.19% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
9,694.45 |
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10,063.00 |
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874,057.37 |
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188,737.81
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-78.41% |
| RETURN ON INVESTMENT TO READING |
(162,239.17) |
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(167,582.58) |
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(1,784,630.85) |
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(1,843,408.40) |
3.29% |
| INTEREST INCOME |
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212,354.59 |
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40,741.82
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664,523.80 |
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581,460.53 |
-12.50% |
| INTEREST EXPENSE |
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(11,986.49) |
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(8,945.18) |
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(133,688.03) |
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(104,002.86) |
-22.20% |
| OTHER (MDSE AND AMORT) |
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324.25 |
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1,947.75 |
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85,903.48 |
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81,434.51 |
-5.20% |
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| TOTAL
NONOPERATING REV (EXP) |
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48,147.63 |
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(123,775.19) |
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(293,834.23) |
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(1,095,778.41) |
272.92% |
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| CHANGE IN NET ASSETS |
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(259,141.62) |
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(490,792.61) |
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7,049,666.31 |
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1,974,570.60 |
-71.99% |
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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 MAY |
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85,487,700.59
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86,053,309.72
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0.66% |
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