| TOWN OF READING, MASSACHUSETTS | |||||
| MUNICIPAL LIGHT DEPARTMENT | |||||
| FORMULA INCOME | |||||
| 4/30/08 | |||||
| TOTAL OPERATING REVENUES (P.3) | 68,911,852.90 | ||||
| ADD: | |||||
| POLE RENTAL | 40,973.60 | ||||
| INTEREST INCOME ON CUSTOMER DEPOSITS | 19,459.47 | ||||
| LESS: | |||||
| OPERATING EXPENSES (P.3) | (67,296,721.87) | ||||
| BOND INTEREST EXPENSE | (54,900.00) | ||||
| CUSTOMER DEPOSIT INTEREST EXPENSE | (13,622.12) | ||||
| FORMULA INCOME (LOSS) | 1,607,041.98 | ||||