TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF ACCOUNTS RECEIVABLE
5/31/08
					SCHEDULE B
		PREVIOUS YEAR			CURRENT YEAR
SCHEDULE OF ACCOUNTS RECEIVABLE
RESIDENTIAL AND COMMERCIAL		3,220,692.08			3,700,887.75
ACCOUNTS RECEIVABLE - OTHER		249,527.53			188,738.08
ACCOUNTS RECEIVABLE - LIENS		48,170.97			80,148.33
ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES		1,067.16			1,067.16
SALES DISCOUNT LIABILITY		(241,802.14)			(194,649.71)
RESERVE FOR UNCOLLECTIBLE ACCOUNTS		(196,100.63)			(179,005.66)
TOTAL ACCOUNTS RECEIVABLE BILLED		3,081,554.97			3,597,185.95
UNBILLED ACCOUNTS RECEIVABLE		3,126,031.41			2,714,176.30
TOTAL ACCOUNTS RECEIVABLE, NET		6,207,586.38			6,311,362.25
SCHEDULE OF PREPAYMENTS
PREPAID INSURANCE		515,774.76			538,118.49
PREPAYMENT PURCHASED POWER		(182,828.65)			(316,701.14)
PREPAYMENT PASNY		193,297.11			194,170.65
TOTAL PREPAYMENT		526,243.22			415,588.00
* ACCOUNTS RECEIVABLE AGING MAY 2008:
RESIDENTIAL AND COMMERCIAL		3,700,887.75
LESS: SALES DISCOUNT LIABILITY		(194,649.71)
GENERAL LEDGER BALANCE		3,506,238.04
CURRENT		2,830,466.95		80.72%
30 DAYS		318,688.42		9.09%
60 DAYS		154,499.33		4.41%
90 DAYS		84,217.32		2.40%
OVER 90 DAYS		118,366.02		3.38%
TOTAL		3,506,238.04		100.00%