| TOWN OF READING, MASSACHUSETTS |
| MUNICIPAL LIGHT
DEPARTMENT |
| BUSINESS-TYPE
PROPRIETARY FUND |
| STATEMENT OF
REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS |
| 5/31/08 |
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MONTH |
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MONTH |
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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 |
|
2,699,886.77 |
|
2,846,365.57 |
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34,457,814.37 |
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34,657,701.36 |
0.58% |
| FUEL REVENUE |
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1,473,615.70 |
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4,327,965.55 |
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27,126,603.66 |
|
38,964,117.11 |
43.64% |
| PURCHASED POWER CAPACITY REFUND |
473,562.52 |
|
380,882.27
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(1,309,767.58) |
|
2,110,085.70
|
-261.10% |
| FORFEITED DISCOUNTS |
|
69,566.63 |
|
50,601.89
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727,140.47 |
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785,764.01
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8.06% |
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| TOTAL OPERATING REVENUES |
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4,716,631.62
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7,605,815.28
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61,001,790.92
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76,517,668.18
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25.44% |
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| OPERATING
EXPENSES: (SCH E P.12) |
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| PURCHASED POWER BASE |
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1,849,180.36
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1,771,275.65
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17,922,860.95 |
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20,128,732.14 |
12.31% |
| PURCHASED POWER FUEL |
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2,055,012.53
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4,383,963.50
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27,421,839.38 |
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41,210,423.05 |
50.28% |
| OPERATING |
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623,573.05
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644,042.21
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6,768,864.27 |
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7,287,739.99 |
7.67% |
| MAINTENANCE |
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222,111.48
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168,706.66
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2,152,094.49
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2,182,103.71
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1.39% |
| DEPRECIATION |
|
242,271.62
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250,525.00
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2,664,987.82
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2,755,775.00
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3.41% |
| VOLUNTARY PAYMENTS TO TOWNS |
|
91,500.00
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96,400.00
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1,000,795.00
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1,046,861.00
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4.60% |
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| TOTAL OPERATING EXPENSES |
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5,083,649.04
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7,314,913.02
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57,931,441.91
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74,611,634.89
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28.79% |
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| OPERATING INCOME |
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(367,017.42) |
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290,902.26
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3,070,349.01 |
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1,906,033.29
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-37.92% |
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| NONOPERATING
REVENUES (EXPENSES) |
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| CONTRIBUTIONS IN AID OF CONST |
10,063.00 |
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24,732.82 |
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188,737.81 |
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198,389.43 |
5.11% |
| RETURN ON INVESTMENT TO READING |
(167,582.58) |
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(172,777.67) |
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(1,843,408.40) |
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(1,900,554.35) |
3.10% |
| INTEREST INCOME |
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40,741.82 |
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68,564.42
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581,460.53 |
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540,064.85
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-7.12% |
| INTEREST EXPENSE |
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(8,945.18) |
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(6,876.39) |
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(104,002.86) |
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(75,398.51) |
-27.50% |
| OTHER (MDSE AND AMORT) |
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1,947.75 |
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2,013.31
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81,434.51 |
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309,035.11
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279.49% |
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| TOTAL
NONOPERATING REV (EXP) |
|
(123,775.19) |
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(84,343.51) |
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(1,095,778.41) |
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(928,463.47) |
-15.27% |
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| CHANGE IN NET ASSETS |
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(490,792.61) |
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206,558.75 |
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1,974,570.60 |
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977,569.82 |
-50.49% |
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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 MAY |
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86,053,309.72
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86,967,333.63
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1.06% |
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