| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 10/31/07 |
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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 |
|
2,965,020.20 |
|
2,894,480.95 |
|
13,861,341.36 |
|
13,703,151.29 |
-1.14% |
| FUEL REVENUE |
|
2,466,329.23 |
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2,807,777.97 |
|
13,201,672.67 |
|
11,562,516.01
|
-12.42% |
| PURCHASED POWER CAPACITY REFUND |
(84,754.96) |
|
232,342.35
|
|
(1,484,270.53) |
|
307,013.13
|
-120.68% |
| FORFEITED DISCOUNTS |
|
54,560.49 |
|
74,713.63
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273,422.11 |
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302,490.46
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10.63% |
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| TOTAL OPERATING REVENUES |
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5,401,154.96
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6,009,314.90
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25,852,165.61
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25,875,170.89
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0.09% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,358,982.69
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1,856,194.74
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6,220,789.84 |
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7,527,278.58 |
21.00% |
| PURCHASED POWER FUEL |
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2,487,981.27
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2,518,685.57
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12,234,934.55 |
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11,101,384.75
|
-9.26% |
| OPERATING |
|
607,485.81
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658,699.31
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2,385,148.18
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2,441,553.48
|
2.36% |
| MAINTENANCE |
|
218,157.07
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157,114.56
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801,052.86
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765,970.14
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-4.38% |
| DEPRECIATION |
|
242,271.62
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|
250,525.00
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969,086.48
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1,002,100.00
|
3.41% |
| VOLUNTARY PAYMENTS TO TOWNS |
|
90,550.00
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96,400.00
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362,200.00
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385,600.00
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6.46% |
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| TOTAL OPERATING EXPENSES |
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5,005,428.46
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5,537,619.18
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22,973,211.91
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23,223,886.95
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1.09% |
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| OPERATING INCOME |
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395,726.50 |
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471,695.72
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2,878,953.70 |
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2,651,283.94
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-7.91% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
0.00 |
|
46,001.52 |
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35,991.52 |
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59,555.28 |
65.47% |
| RETURN ON INVESTMENT TO READING |
(167,582.58) |
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(172,777.67) |
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(670,330.32) |
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(691,110.67) |
3.10% |
| INTEREST INCOME |
|
43,051.88 |
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62,339.72
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187,435.17 |
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195,147.67
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4.11% |
| INTEREST EXPENSE |
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(8,935.83) |
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(6,835.48) |
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(35,679.86) |
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(27,712.47) |
-22.33% |
| OTHER (MDSE AND AMORT) |
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19,838.75 |
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39,630.32
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40,344.80 |
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216,837.07
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437.46% |
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| TOTAL
NONOPERATING REV (EXP) |
|
(113,627.78) |
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(31,641.59) |
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(442,238.69) |
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(247,283.12) |
-44.08% |
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| CHANGE IN NET ASSETS |
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282,098.72 |
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440,054.13 |
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2,436,715.01 |
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2,404,000.82 |
-1.34% |
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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 OCTOBER |
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86,515,454.13
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88,393,764.63
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2.17% |
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