| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 10/31/07 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
10,461,076.62 |
|
13,518,478.36 |
| RESTRICTED CASH |
|
(SCH A P.9) |
40,099,649.61 |
|
13,528,440.06 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
4,400,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
8,108,790.99 |
|
7,188,237.19 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
1,490,871.06 |
|
818,401.77 |
| INVENTORY |
|
1,186,588.83 |
|
1,571,314.72 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
65,746,977.11
|
|
41,024,872.10 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
148,914.53 |
|
141,810.36 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
56,363,985.06 |
|
58,061,425.04 |
| OTHER ASSETS |
|
(SCH C P.2) |
25,354.74 |
|
21,847.64 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
56,538,254.33 |
|
58,225,083.04 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
122,285,231.44 |
|
99,249,955.14 |
|
|
|
|
|
|
|
|
|
|
|
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|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
5,837,434.45 |
|
5,595,172.33 |
| CUSTOMER DEPOSITS |
|
501,694.55 |
|
459,046.23 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
498,245.01 |
|
616,064.46 |
| ACCRUED LIABILITIES |
|
26,845.02 |
|
362,453.60 |
| CURRENT PORTION OF BONDS PAYABLE |
|
550,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
24,988,327.70 |
|
256,289.99 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
32,402,546.73 |
|
7,839,026.61 |
|
|
|
|
| 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 |
|
35,769,777.31 |
|
10,856,190.51 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
54,713,985.06 |
|
56,961,425.04 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
3,250,735.38 |
|
3,416,424.18 |
| UNRESTRICTED |
|
28,550,733.69 |
|
28,015,915.41 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
86,515,454.13
|
|
88,393,764.63 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
122,285,231.44 |
|
99,249,955.14 |
|
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