| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 11/30/07 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
11,579,573.69 |
|
12,280,910.55 |
| RESTRICTED CASH |
|
(SCH A P.9) |
38,375,228.93 |
|
14,918,948.91 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
2,900,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
7,399,992.72 |
|
7,153,426.12 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
1,043,671.17 |
|
1,143,231.73 |
| INVENTORY |
|
1,274,957.59 |
|
1,585,964.45 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
64,073,424.10
|
|
39,982,481.76 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
148,914.53 |
|
141,810.36 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
56,437,154.27 |
|
58,094,113.29 |
| OTHER ASSETS |
|
(SCH C P.2) |
25,059.74 |
|
21,554.72 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
56,611,128.54 |
|
58,257,478.37 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
120,684,552.64 |
|
98,239,960.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
5,785,091.09 |
|
5,040,915.73 |
| CUSTOMER DEPOSITS |
|
504,706.33 |
|
452,769.73 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
423,644.30 |
|
613,808.72 |
| ACCRUED LIABILITIES |
|
35,675.02 |
|
28,978.44 |
| CURRENT PORTION OF BONDS PAYABLE |
|
550,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
23,261,675.63 |
|
- |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
30,560,792.37 |
|
6,686,472.62 |
|
|
|
|
| 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 |
|
33,928,022.95 |
|
9,703,636.52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
54,787,154.27 |
|
56,994,113.29 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
3,287,582.75 |
|
3,679,527.14 |
| UNRESTRICTED |
|
28,681,792.67 |
|
27,862,683.18 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
86,756,529.69
|
|
88,536,323.61 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
120,684,552.64 |
|
98,239,960.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|