TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
5/31/08
RESPONSIBLE REMAINING
  SENIOR 2008 ACTUAL BUDGET REMAINING
OPERATION EXPENSES:   MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET %
   PURCHASED POWER BASE EXPENSE JP 21,293,821.00 20,128,732.14 1,165,088.86 5.47%
 OPERATION SUPER AND ENGIN-TRANS PD 0.00 0.00 0.00 0.00%
 OPERATION SUP AND ENGINEERING EXP PD 295,260.00 297,451.85 (2,191.85) -0.74%
 STATION SUP LABOR AND MISC PD 103,930.00 89,914.57 14,015.43 13.49%
 LINE MISC LABOR AND EXPENSE PD 574,671.00 646,095.24 (71,424.24) -12.43%
 STATION LABOR AND EXPENSE PD 477,152.00 444,890.11 32,261.89 6.76%
 STREET LIGHTING EXPENSE PD 102,669.00 54,226.67 48,442.33 47.18%
 METER EXPENSE PD 422,879.00 359,367.09 63,511.91 15.02%
 MISC DISTRIBUTION EXPENSE JD 352,393.00 302,438.24 49,954.76 14.18%
 METER READING LABOR & EXPENSE PD 54,739.00 61,275.09 (6,536.09) -11.94%
 ACCT & COLL LABOR & EXPENSE RF 1,526,944.00 1,447,655.28 79,288.72 5.19%
 UNCOLLECTIBLE ACCOUNTS RF 100,000.00 91,666.63 8,333.37 8.33%
 ENERGY AUDIT EXPENSE JP 589,829.00 466,417.40 123,411.60 20.92%
 ADMIN & GEN SALARIES VC 784,840.00 677,958.87 106,881.13 13.62%
 OFFICE SUPPLIES & EXPENSE VC 215,300.00 219,841.11 (4,541.11) -2.11%
 OUTSIDE SERVICES VC 746,700.00 375,633.86 371,066.14 49.69%
 PROPERTY INSURANCE JD 429,500.00 294,487.61 135,012.39 31.43%
 INJURIES AND DAMAGES JD 69,016.00 58,129.83 10,886.17 15.77%
 EMPLOYEES PENSIONS & BENEFITS JD 1,153,237.00 1,047,729.11 105,507.89 9.15%
 MISC GENERAL EXPENSE VC 284,062.00 169,441.30 114,620.70 40.35%
 RENT EXPENSE JD 212,000.00 183,120.13 28,879.87 13.62%
  TOTAL OPERATION EXPENSES 8,495,121.00 7,287,739.99 1,207,381.01 14.21%
MAINTENANCE EXPENSES:
 MAINT OF TRANSMISSION PLANT PD 3,000.00 2,497.90 502.10 16.74%
 MAINT OF STRUCT AND EQUIPMT PD 302,608.00 302,028.65 579.35 0.19%
 MAINT OF LINES - OH PD 1,412,823.00 1,155,384.27 257,438.73 18.22%
 MAINT OF LINES - UG PD 196,015.00 102,675.20 93,339.80 47.62%
 MAINT OF LINE TRANSFORMERS PD 180,000.00 68,387.06 111,612.94 62.01%
 MAINT OF ST LT & SIG SYSTEM JD 10,984.00 62.46 10,921.54 99.43%
 MAINT OF GARAGE AND STOCKROOM JD 643,749.00 458,736.10 185,012.90 28.74%
 MAINT OF METERS PD 32,952.00 0.00 32,952.00 100.00%
 MAINT OF GEN PLANT RF 143,040.00 92,332.07 50,707.93 35.45%
   TOTAL MAINTENANCE EXPENSES 2,925,171.00 2,182,103.71 743,067.29 25.40%
   DEPRECIATION EXPENSE RF 3,038,639.00 2,755,775.00 282,864.00 9.31%
   PURCHASED POWER FUEL EXPENSE JP 47,978,215.00 41,210,423.05 6,767,791.95 14.11%
   VOLUNTARY PAYMENTS TO TOWNS RF 1,156,841.00 1,046,861.00 109,980.00 9.51%
TOTAL OPERATING EXPENSES 84,887,808.00 74,611,634.89 10,276,173.11 12.11%