| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 4/30/08 |
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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 |
|
2,795,751.53 |
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2,812,237.51 |
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31,757,927.60 |
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31,811,335.79 |
0.17% |
| FUEL REVENUE |
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1,749,822.24 |
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3,845,978.25 |
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25,652,987.96 |
|
34,636,151.56 |
35.02% |
| PURCHASED POWER CAPACITY REFUND |
(16,943.56) |
|
(201,018.85) |
|
(1,783,330.10) |
|
1,729,203.43
|
-196.96% |
| FORFEITED DISCOUNTS |
|
58,582.28 |
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65,296.09
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657,573.84 |
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735,162.12
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11.80% |
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| TOTAL OPERATING REVENUES |
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4,587,212.49
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6,522,493.00
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56,285,159.30
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68,911,852.90
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22.43% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,805,437.88
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1,802,092.60
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16,073,680.59
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18,357,456.49 |
14.21% |
| PURCHASED POWER FUEL |
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2,570,578.83
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3,964,223.52
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25,366,826.85 |
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36,826,459.55 |
45.18% |
| OPERATING |
|
618,810.92
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668,731.42
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6,145,291.22 |
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6,643,697.78 |
8.11% |
| MAINTENANCE |
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145,225.22
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202,390.37
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1,929,983.01
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2,013,397.05
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4.32% |
| DEPRECIATION |
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242,271.62
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250,525.00
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2,422,716.20
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2,505,250.00
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3.41% |
| VOLUNTARY PAYMENTS TO TOWNS |
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91,500.00
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96,400.00
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909,295.00
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950,461.00
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4.53% |
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| TOTAL OPERATING EXPENSES |
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5,473,824.47
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6,984,362.91
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52,847,792.87
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67,296,721.87
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27.34% |
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| OPERATING INCOME |
|
(886,611.98) |
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(461,869.91) |
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3,437,366.43 |
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1,615,131.03
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-53.01% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
0.00 |
|
19,369.70 |
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178,674.81 |
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173,656.61 |
-2.81% |
| RETURN ON INVESTMENT TO READING |
(167,582.58) |
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(172,777.67) |
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(1,675,825.82) |
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(1,727,776.68) |
3.10% |
| INTEREST INCOME |
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40,292.50 |
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23,294.05
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540,718.71 |
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471,500.43
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-12.80% |
| INTEREST EXPENSE |
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(8,926.96) |
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(6,775.05) |
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(95,057.68) |
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(68,522.12) |
-27.92% |
| OTHER (MDSE AND AMORT) |
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10,000.76 |
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34,309.19
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79,486.76 |
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307,021.80
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286.26% |
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| TOTAL
NONOPERATING REV (EXP) |
|
(126,216.28) |
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(102,579.78) |
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(972,003.22) |
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(844,119.96) |
-13.16% |
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| CHANGE IN NET ASSETS |
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(1,012,828.26) |
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(564,449.69) |
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2,465,363.21 |
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771,011.07 |
-68.73% |
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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 APRIL |
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86,544,102.33
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86,760,774.88
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0.25% |
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