| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 9/30/07 |
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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 |
|
3,298,225.59 |
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3,640,854.52 |
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10,896,321.16 |
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10,808,670.34
|
-0.80% |
| FUEL REVENUE |
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3,061,630.70 |
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3,287,152.48 |
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10,735,343.44 |
|
8,754,738.04 |
-18.45% |
| PURCHASED POWER CAPACITY REFUND |
(391,820.28) |
|
90,281.58
|
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(1,399,515.57) |
|
74,670.78
|
-105.34% |
| FORFEITED DISCOUNTS |
|
62,482.12 |
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74,408.41
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218,861.62 |
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227,776.83
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4.07% |
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| TOTAL OPERATING REVENUES |
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6,030,518.13
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7,092,696.99
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20,451,010.65
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19,865,855.99
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-2.86% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,850,383.74
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1,886,125.10
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4,861,807.15
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5,671,083.84 |
16.65% |
| PURCHASED POWER FUEL |
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2,284,667.98
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2,134,096.91
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9,746,953.28 |
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8,582,699.18 |
-11.94% |
| OPERATING |
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714,883.98
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608,518.55
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1,777,662.37
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1,782,854.17
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0.29% |
| MAINTENANCE |
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216,397.79
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243,402.93
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582,895.79
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608,855.58
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4.45% |
| DEPRECIATION |
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242,271.62
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250,525.00
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726,814.86
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751,575.00
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3.41% |
| VOLUNTARY PAYMENTS TO TOWNS |
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90,550.00
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96,400.00
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271,650.00
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289,200.00
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6.46% |
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| TOTAL OPERATING EXPENSES |
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5,399,155.11
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5,219,068.49
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17,967,783.45
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17,686,267.77
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-1.57% |
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| OPERATING INCOME |
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631,363.02 |
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1,873,628.50
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2,483,227.20 |
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2,179,588.22
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-12.23% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
6,183.81 |
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4,057.56 |
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35,991.52 |
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13,553.76
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-62.34% |
| RETURN ON INVESTMENT TO READING |
(167,582.58) |
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(172,777.67) |
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(502,747.74) |
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(518,333.00) |
3.10% |
| INTEREST INCOME |
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61,547.60 |
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39,819.95
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144,383.29 |
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132,807.95
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-8.02% |
| INTEREST EXPENSE |
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(8,927.58) |
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(7,184.63) |
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(26,744.03) |
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(20,876.99) |
-21.94% |
| OTHER (MDSE AND AMORT) |
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704.80 |
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52,049.23
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20,506.05 |
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177,206.75
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764.17% |
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| TOTAL
NONOPERATING REV (EXP) |
|
(108,073.95) |
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(84,035.56) |
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(328,610.91) |
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(215,641.53) |
-34.38% |
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| CHANGE IN NET ASSETS |
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523,289.07 |
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1,789,592.94 |
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2,154,616.29 |
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1,963,946.69 |
-8.85% |
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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 SEPTEMBER |
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86,233,355.41
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87,953,710.50
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1.99% |
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