| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 11/30/07 |
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MONTH |
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MONTH |
|
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 |
|
2,841,244.76 |
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2,924,623.10 |
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16,702,586.12 |
|
16,627,774.39 |
-0.45% |
| FUEL REVENUE |
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2,098,819.29 |
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3,140,255.38 |
|
15,300,491.96 |
|
14,702,771.39 |
-3.91% |
| PURCHASED POWER CAPACITY REFUND |
341,420.98 |
|
472,506.03
|
|
(1,142,849.55) |
|
779,519.16
|
-168.21% |
| FORFEITED DISCOUNTS |
|
59,889.53 |
|
60,412.07
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333,311.64 |
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362,902.53
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8.88% |
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| TOTAL OPERATING REVENUES |
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5,341,374.56
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6,597,796.58
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31,193,540.17
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32,472,967.47
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4.10% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,446,720.58
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1,786,011.15
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7,667,510.42 |
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9,313,289.73 |
21.46% |
| PURCHASED POWER FUEL |
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2,469,613.93
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3,345,512.13
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14,704,548.48
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14,446,896.88 |
-1.75% |
| OPERATING |
|
612,958.89
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693,240.50
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2,998,107.07
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3,134,793.98
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4.56% |
| MAINTENANCE |
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215,545.24
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204,616.34
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1,016,598.10
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970,586.48
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-4.53% |
| DEPRECIATION |
|
242,271.62
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250,525.00
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1,211,358.10
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1,252,625.00
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3.41% |
| VOLUNTARY PAYMENTS TO TOWNS |
|
90,550.00
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96,400.00
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452,750.00
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482,000.00
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6.46% |
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| TOTAL OPERATING EXPENSES |
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5,077,660.26
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6,376,305.12
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28,050,872.17
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29,600,192.07
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5.52% |
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| OPERATING INCOME |
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263,714.30 |
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221,491.46
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3,142,668.00 |
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2,872,775.40
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-8.59% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
112,406.19 |
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5,050.00 |
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148,397.71 |
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64,605.28 |
-56.46% |
| RETURN ON INVESTMENT TO READING |
(167,582.58) |
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(172,777.67) |
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(837,912.90) |
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(863,888.34) |
3.10% |
| INTEREST INCOME |
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40,217.87 |
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93,542.78 |
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227,653.04 |
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288,690.45
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26.81% |
| INTEREST EXPENSE |
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(8,890.97) |
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(6,994.55) |
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(44,570.83) |
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(34,707.02) |
-22.13% |
| OTHER (MDSE AND AMORT) |
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1,210.75 |
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2,246.96
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41,555.55 |
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219,084.03 |
427.21% |
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| TOTAL
NONOPERATING REV (EXP) |
|
(22,638.74) |
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(78,932.48) |
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(464,877.43) |
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(326,215.60) |
-29.83% |
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| CHANGE IN NET ASSETS |
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241,075.56 |
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142,558.98 |
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2,677,790.57 |
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2,546,559.80 |
-4.90% |
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| NET
ASSETS AT BEGINNING OF YEAR |
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84,078,739.12 |
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85,989,763.81 |
2.27% |
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| NET
ASSETS AT END OF NOVEMBER |
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86,756,529.69
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88,536,323.61
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2.05% |
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