| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF NET
ASSETS |
| 4/30/08 |
|
|
|
|
|
|
|
PREVIOUS YEAR |
|
CURRENT YEAR |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| UNRESTRICTED CASH |
|
(SCH A P.9) |
13,228,629.57 |
|
12,912,705.65 |
| RESTRICTED CASH |
|
(SCH A P.9) |
27,640,380.86 |
|
12,115,857.05 |
| RESTRICTED INVESTMENTS |
(SCH A P.9) |
4,400,000.00 |
|
2,900,000.00 |
|
RECEIVABLES, NET |
|
(SCH B P.10) |
7,041,085.13 |
|
5,931,285.08 |
| PREPAID EXPENSES |
|
(SCH B P.10) |
916,115.53 |
|
951,631.84 |
| INVENTORY |
|
1,608,899.39 |
|
1,588,231.35 |
|
|
|
|
| TOTAL CURRENT ASSETS |
|
54,835,110.48
|
|
36,399,710.97 |
|
|
|
|
| NONCURRENT |
|
|
|
|
| INVESTMENT IN ASSOCIATED CO |
(SCH C P.2) |
146,594.04 |
|
133,576.92 |
|
CAPITAL ASSETS, NET |
|
(SCH C P.2) |
57,028,467.91 |
|
60,517,480.24 |
| OTHER ASSETS |
|
(SCH C P.2) |
23,584.74 |
|
20,090.12 |
|
|
|
|
| TOTAL NONCURRENT ASSETS |
|
57,198,646.69 |
|
60,671,147.28 |
|
|
|
|
| |
|
|
|
|
| TOTAL
ASSETS |
|
112,033,757.17 |
|
97,070,858.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
| LIABILITIES |
|
|
|
|
|
|
|
|
| CURRENT |
|
|
|
|
| ACCOUNTS PAYABLE |
|
7,248,576.06 |
|
5,545,706.06 |
| CUSTOMER DEPOSITS |
|
490,913.20 |
|
495,546.00 |
| CUSTOMER ADVANCES FOR CONSTRUCTION |
652,276.17 |
|
665,388.97 |
| ACCRUED LIABILITIES |
|
28,962.52 |
|
36,278.44 |
| CURRENT PORTION OF BONDS PAYABLE |
|
550,000.00 |
|
550,000.00 |
| CALPINE LIABILITY |
|
13,151,696.31 |
|
0.00 |
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
22,122,424.26 |
|
7,292,919.47 |
|
|
|
|
| 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 |
|
25,489,654.84 |
|
10,310,083.37 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NET
ASSETS |
|
|
|
|
|
|
|
|
| INVESTED
IN CAPITAL ASSETS, NET OF RELATED DEBT |
55,378,467.91 |
|
59,417,480.24 |
| RESTRICTED
FOR DEPRECIATION FUND |
(P.9) |
|
2,773,040.56 |
|
3,370,777.42 |
| UNRESTRICTED |
|
28,392,593.86 |
|
23,972,517.22 |
|
|
|
|
| TOTAL
NET ASSETS |
|
(P.3) |
|
86,544,102.33
|
|
86,760,774.88 |
|
|
|
|
|
|
|
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
112,033,757.17 |
|
97,070,858.25 |
|
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