| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 9/30/07 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
11,623,647.58 |
|
12,703,127.60 |
| RESTRICTED CASH |
|
(SCH A P.9) |
41,800,841.97 |
|
15,144,920.01 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
4,400,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
7,788,050.02 |
|
8,445,434.77 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
1,584,558.63 |
|
664,018.86 |
| INVENTORY |
|
1,250,448.41 |
|
1,516,477.60 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
68,447,546.61
|
|
42,873,978.84 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
148,914.53 |
|
141,810.36 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
56,030,655.02 |
|
57,856,225.25 |
| OTHER ASSETS |
|
(SCH C P.2) |
25,649.74 |
|
22,140.56 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
56,205,219.29 |
|
58,020,176.17 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
124,652,765.90 |
|
100,894,155.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
6,585,533.01 |
|
5,873,252.82 |
| CUSTOMER DEPOSITS |
|
503,427.41 |
|
460,575.65 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
498,245.01 |
|
619,893.12 |
| ACCRUED LIABILITIES |
|
232,297.52 |
|
270,659.81 |
| CURRENT PORTION OF BONDS PAYABLE |
|
550,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
26,682,676.96 |
|
2,148,899.21 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
35,052,179.91 |
|
9,923,280.61 |
|
|
|
|
| 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 |
|
38,419,410.49 |
|
12,940,444.51 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
54,380,655.02 |
|
56,756,225.25 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
3,568,030.93 |
|
3,153,105.68 |
| UNRESTRICTED |
|
28,284,669.46 |
|
28,044,379.57 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
86,233,355.41
|
|
87,953,710.50 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
124,652,765.90 |
|
100,894,155.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|