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Home My WebLink About2013-06-26 RMLD Board of Commissioners PacketQ RMLD Board of Commissioners Committees and Assignments May 29,20J13 Audit (Including Town of Reading Audit) Recommend audit findings to the Board. Philip Pacino One member of Audit Committee meets at least semiannually with the Robert Soli Accounting/Business Manager on RMLD financial issues. Town of Reading Audit Committee - Sit on the Town of Reading Audit Committee and select into that performs annual financial audit or RMLD pension trust. General Manager Search Committee Not To Exceed One Year John Stempeck, Chair Philip Pacino Public Relations Committee Not To Exceed One Year John Stempeck David Talbot Budget Committee Robert Soli, Chair Philip Panne David Talbot Qderal Manager Contract Negotiation Committee Ste,;: Chair p Panne Robert Sall Policy Committee Philip Pacino, Chair Dared Mancuso Dared Talbot Assignments Accounts Payable David Talbot - April John Stempeck - May Philip Pacino - June Robert Soli - July Assignments Payroll - Four Month Rotation Philip Pacino, April - July David Talbot, August - November Robed Soh, December - March John Stempeck, April - July 1J Recommend the RMLD General Manager. From time to time review press releases and public relations programs. Recommend Operating and Capital Budgets to the Board. Recommend actuaries and actuary findings to the Board. Make recommendation to RMLD Board for legal counsel. Develop and negotiate General Manager Contract. Recommend changes of Board policies to RMLB. Review and approve payables on a weekly basis. This position is rotational. It requires one signature. No Commissioner may serve more than three consecutive years on this Committee and must take a year leave before returning to this Committee. Review and approve payroll. This position is rotational every four months. It requires primary signer and one back -up. No Commissioner can serve more than three consecutive years on this Committee and most take a year leave before returning to this Committee. ATTACHMENT E *1 C • To: Kevin Sullivan From: Energy Services Date: June 20, 2013 Subject: Purchase Power Summary — May, 2013 Energy Services Division (ESD) has completed the Purchase Power Summary for the month of May, 2013. C] ATTACHMENT ENERGY The RMLD's total metered load for the month was 56,418,284 kwh, which is a.028% decrease from the May, 2012 figures. Table 1 is a breakdown by source of the energy purchases. TABLE t Amount of Cost of % of Total Total S $ as a Resource Energy Energy Energy Costs % (kWh) ($/Mwh) Millstone M3 1,406,419 $6.99 2.49% $9,827 0.43% Seabrook 5,896,493 $8.22 10.45% $48,446 2.12% Stonytomok Intermediate 584,478 $81.86 1.04% $47,845 2.09% JP Morgan 6,790,800 $58.28 12.04% $395,785 17.29% N.x Era 3,770,000 $45.65 6.68% $172,092 7,52% NYPA 2,001,569 $4,92 3.55% $9,848 043% ISO Interchange 9,897,080 $42.99 17.54% $425,522 18.59% NEW Congestion 0 $0.00 0.00% $11,995 0.52% Coop Resales 25,545 $137.00 0.05% $3,500 0.15% MacOuarie 10,062,400 $44.08 17.84% 5443,503 19.37% Summit Hydro 828,163 $54.76 1.47% $45,349 1.98% Braintree Watson Unit 183,855 $70.15 0.33% $12,897 0.56% Swift River Projects 1,903,855 $103.87 3.37% $197,750 8.64% Constellation Energy 13,067,800 $35.58 23.16% $464,927 20.31% Stonybrook Peaking 0 $0.00 0.00% $0 0.00% Monthly Total 56,418,457 $40.58 100.00% $2,289,286 100,00% C] ATTACHMENT Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT • Net Energy for the month of May, 2013, Table 2 Amount Cost %of Total Resource of Energy of Energy Energy (kWh) ($lMwh) ISO DA LMP • 11,259,055 44.31 19.96% Settlement RT Net Energy '• - 1,361,975 44.96 - 2.41° Settlement ISO Interchange 9,897,080 42.99 17.54% (subtotal) ' Independent System Operator Day -Ahead Locational Marginal Price Real Time Net Energy CAPACITY The RMLD hit a demand of 143,882 kW, which occurred on May 31, at 4 pm. The RMLD's monthly UCAP requirement for May, 2013 was 211,731 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements. • Table 3 Source Amount (kWs) Cost ($IkW- month) Total Cost $ % of Total Coal Millstone N3 4,991 46.01 $229,648 15.39% Seabrook 7,742 49.44 $382,780 25.66% Stonybrook Peaking 24,981 1.77 $44,187 2.96% Stonybrook CC 42,925 183 $164,521 11.03% NVPA 4,019 3.91 $15,714 1.05% Hydro Quebec 4,584 4.51 $20,671 1.39% Ne:tera 60,000 5.50 $330,000 22.12% Braintree Watson Unit 10,520 10.72 $112,750 7.56% ISO -NE Supply Auction 51,969 3.69 $191,737 12.85% Total 211,731 $7.05 $1,492,008 100.00% • Table 4 shows the dollar amounts for energy and capacity per source, Table 4 Cost of %of And of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) (S /kWh) Millstone M3 $9,827 $229,648 $239,475 6.33% 1,406,419 0.1703 Seabrook $48,446 $382,780 $431,226 11.40% 5,896,493 0.0731 Stonybrook Intermediate $47,845 $184,521 $212,366 5.62% 584,478 0.3633 Hydro Quebec $0 $20,671 $20,671 0.55% - 0.0000 JP Morgan $395,785 $0 $395,785 1047% 6.790,800 0.0583 NextEra $172.092 $330,000 $502,092 13.28% 3,770,000 0.1332 NYPA $9,848 $15,714 $25,561 0.68% 2,001,569 00128 ISO Interchange $425,522 $191,737 $617,259 16.32% 9,897,080 0.0624 Name Congestion $11,995 $0 $11,995 0.32% - 0.0000 MacOuarie $443,503 $0 5443,503 11.73% 10,062,400 0.0441 "Summit Hydro $45,349 $0 $45,349 1.20% 828,163 0.0548 Braintree Watson Unit $12,897 $112,750 $125,647 3.32% 183,855 06834 Swift River Projects $197.750 $0 $197,750 5.23% 1,903,855 0.1039 Coop Resales $3,500 $0 $3,500 0.09% 25,545 0.1370 Constellation Energy $464,927 $0 5464,927 12.30% 13,067,800 00356 Stonybrook Peaking $0 $44,187 $44,187 1.17% - 0.0000 Monthly Total $2,289,286 $1,492,008 $3,781,294 100.00% 56,418,457 0.0670 ° Renewable Resources 8.39% RENEWABLE ENERGY CERTIFICATES (RECs) The RMLD sold 16,351 2012 RECs for $775,676 in 2013. 565 2012 RECs were retired. Table 5 shows the amount of banked and projected RECs for the Swift River Hydro Projects through May, 2013, as well as their estimated market value. Table 5 Swift River RECs Summary Period - January 2013 - May 2013 Banked Projected Total Est. RE4 REb REU Dollars Woronow 0 5,570 5,570 $184,000 Pepperell 0 1325 1315 $77,875 Indian River 0 2000 2000 $1101000 Turners Fall, 0 779 779 So Grand Total 0 9,674 9,674 $371,675 c TRANSMISSION • The RMLD's total transmission costs for the month of May were $646,177. This is a decrease of 9.8% from the April transmission cost of $716,410. In May, 2012 the transmission costs were $600,009. Table 6 • 11 Current Month Last Month Last Year Peak Demand (M) 143,882 91,391 112,240 Energy (kWh) 56,418,457 52,896,791 58.085,534 Energy ($) $2,289,286 $2,220,542 $2,098,551 Capacity ($) $1,492,008 $1,423,167 $1,349,221 Transmission($) $646.177 $716,410 $600,009 Total $4.427,471 $4,360,119 $4,047,782 • 11 101 11 N 2 W. \ / � 10� D 1 1 EIIIIIII 1 !.. �. . � @# � , § ■1 Y � � �K■ -- -- - #$ ®■ 7k !§ BOOM ! 111111111 \ no � K` ■■ - §1 - !# �a -- -- -- «)% \� BE k §! §® !E! i k � 10� D 1 1 EIIIIIII 1 , § ■1 Y � BOOM 111111111 \ no 111111111 §1 rn 0 6120Y2013 2:54 PM READING MUNICIPAL LIGHT DEPARTMENT FY 13 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING MAY 31, 2013 8 PROJECT DESCRIPTION EBOC t ctlonSVStem Protects 1 Essex Street - Reconductoring 2 4W13 OH Reconduclodng - West Street 3 Upgrading of Old LynnBeld Center URDS (Partial CARRYOVER) 5 Shady Lane Area - Reconductonng 6 Federal Street - Reconductonng Total System Projects Station Uoorades ACTUAL YTD ACTUAL ANNUAL Stardom W 2,725,809 COST COST BUDGET REMAINING TOWN MAY THRU 5131M3 AMOUNT BALANCE LC 18,288 22,761 197,855 175,094 W 985 19,412 188,193 168,781 LC 15,282 136,973 492,143 355,170 W 5,676 139,811 199,042 59.231 W 16,028 160,733 175,565 14,832 Station Uoorades 1,819,054 988,211 (830,843) Stardom W 2,725,809 2,929,910 204,102 8 Relay Replacement Project - (Partial CARRYOVER) R 119,309 119,309 9 Station 4 Getaway Replacement -4W13 R 4,430 161,779 157,349 Total Statlon Projects 433,762 551,853 118,091 SCADA Prolecb 10 Station 5 RTU (Remote Terminal Una) Replacement W 22,670 22.670 56,163 33.493 4 Station 4 RTU (Remote Terminal Unit) Replacement (Partial CARRYOVER) R 7,760 158.190 80,653 (77,537) Total SCADA Projects 14,771 12,000 (2,771) New Customer Service Connections 12 Seryice lnslallatians- Commercial /Indushlal Customers 13 Sewice lnslallations - Residential Customers Total Service Connections 414 Routine COnsbucllon Various Routine Contructum Total Construction Projects Other Projects 15 GIS 16 Transformers /Capacitors Annual Purchases 1TA Meter Annual Purchases 17B Meter Upgrade Pojed - (Partial CARRYOVER) 17C Meter Upgrade Protect - Commercials 18 Purchase Vehicles 19 Purchase Line Department Vehicles 20 Purchase New Pole Dolly 21 Automated Building Systems 22 Engineering Analysis software 8 data conversion - (CARRYOVER) 23 G. Station Generator N Capital Repairs - Station One 25 New Carpeting 26 Water Heater Demand Response Technology 27 Hardware Upgrades 28 Software and Licensing TOTAL FY 13 CAPITAL Completed Total Other Projects ALL 13,757 21,452 63,074 41,623 ALL 20,727 220,322 207,923 (12,399) ALL 268,492 1,819,054 988,211 (830,843) Sell 2,725,809 2,929,910 204,102 10,054 87,365 97,495 10,130 462,799 284,OOD (178,799) 78,997 49,710 (29,287) 20,816 576,305 564,416 (11,890) 6,440 433,762 551,853 118,091 65,000 65.000 474,861 570,D00 95,139 14,771 12,000 (2,771) 150,000 150,000 76,789 76,789 55,000 55.00 400,000 400,000 35,000 35,000 200,088 336,611 136.523 74,581 126,629 52,048 9.326 88,641 119,002 30,361 46,636 2492170 3493505 1,001,335 436,301 5,217.979 61423,416 1,205,437 ATTACHMENT3 11 Reading Municipal Light Department Engineering and Operations Monthly Report May 2013 FY 2013 Capital Plan E &O Construction — System Proiects 1 Reconductoring of Essex Street, Lynnfield Center: Line Department: install transformers, switch out risers, rise existing spacer cable to new arms, install arms, transfer guy wire, install messenger dead -end. 2 4W13 OH Reconductoring Project, West Street, Wilmington: Engineering time. 3 Upgrading of Old Lynnfield Center URDs: Engineering: meet with Town; work on MH diagrams, conduit and MH installation. Line Department: install new primary URD cable, install conduit and manholes. 5 Shady Lane Drive Area, Wilmington: Line Department: frame and make ready for primary spacer cable, transfer service. Project Completed. 6 Federal Street, Wilmington — Reconductoring: Engineering time. Line Department: secondary wire pull, install new transformer, transfer service, guy work, install spider rope, install triplex cable. Project Completed. Station Upgrades Station 4 Relay Replacement Project — Reading — No Activity Fiscal Year to Date. 9 Station 4 Getaway Replacement — 4W 13 — No Activity in May. SCADA Proiects 10 Station 5 RTU Replacement, Wilmington: Purchase RTU station controller. 4 Station 4 RTU Replacement: Senior Technician work. Project Completed. New Customer Service Connections 12 Service Installations — Commercial /Industrial Customers — This item includes new service connections, upgrades, and service replacements for the commercial and industrial customers. This represents the time and materials associated with the replacement of an existing or installation of a new overhead service, the connection of an underground service, etc. This does not include the time and materials associated with pole replacements /installations, transformer replacements/installations, primary or secondary cable replacements /installations, etc. This portion of the project comes under routine construction. Notable: North Reading High School Temp Service. June 20. 2013 13 Service Installations — Residential Customers — This item includes new or • upgraded overhead and underground services, temporary overhead services, and large underground development. Routine Construction: 14 Routine Construction — The drivers of the Routine Construction budget category YTD are listed. This is not an inclusive list of all items within this category. Pole SettinglTransfers $343,252 Maintenance Overhead/Underground $423,828 Pro'ects Assigned as Required $299,205 Pole Damage includes knockdowns some reimbursable $86,062 Station Group $15,368 Hazmat/Oil Spills $2,908 Porcelain Cutout Replacement Program $624 Lighting ( Street Li ht Connections $26,835 Storm Trouble $134992 Underground Subdivisions $51,448 Animal Guard Installation $35,602 Miscellaneous Capital Costs $398,930 TOTAL $1,819,054 "In the month of May three (3) cutouts were charged under this program. Approximately 18 cutouts were installed new or replaced because of damage making a total of 21 cutouts replaced this month. June 20, 2013 • lJ Reliability Report ® Two key industry standard metrics have been identified to enable the RMLD to measure and track system reliability. A rolling 12 -month view is being used for the purposes of this report. Customer Average Interruption Duration Index ( CAIDI) measures how quickly the RMLD restores power to customers when their power goes out. CAIDI = Total of Customer Interruption Duration for the Month in Minutes a Total Number of Customers Interrupted. RMLD 12 -month system average outage duration: 62.33 minutes RMLD four -year average outage (2006 - 2009): 50.98 minutes per outage On average, RMLD customers that experience an outage are restored in 62.33 minutes 120.00 100.00 80.00 m° O 60.00 F 40.00 X V 20.00 0.00 100.2 ea.8g 7a.sz 84 _ rw 'g. IV 0 0 ,�4 �(('�V ,�� rya "� �}qa „' 01d yi w 4 �' 25v Oj 1•p� Fb� 11''� P' ape RMLD 12 month system average wtage duration 62.33 cui -r e vno' ov. n.Ma d,,,.hon 60.9612006200 June 20, 2013 3 System Average Interruption Frequency (SAIFI) - Measures how many outages each customer experiences per year on average. SAIFI = Total Number of Customers Interrupted =Total Number of Customers RMLD 12 -month system average: 0.29 outages per year RMLD four -year average outage frequency: 0.62 The graph below tracks the month -by -month SAIFI performance. Months Between Interruptions (MBTI) Another view of the SAIFI data is the number of months RMLD customers have no interruptions. At this time, the average RMLD customer experiences an outage approximately every 41 months. • June 20, 2013 . Dt: June 25, 2013 To: RMLB, Kevin Sullivan., Jeanne Foti Fr: Bob Fournier Sj: May 31, 2013 Report The results for the eleven months ending May 31, 2013, for the fiscal year 2013 will be summarized in the following paragraphs. 1) Change in Net Assets: (Page 3A) For the month of May, the net loss or the negative change in net assets was $539,633, decreasing the year to date net income to $2,435,437. The year to date budgeted net income was $3,234,568 resulting in net income being under budget by $799,131 or 24.7 %. Actual year to date fuel revenues exceeded fuel expenses by $523,890. 2) Revenues: (Page 11 B) Year to date base revenues were under budget by $1,975,589 or 4.5 %. Actual base revenues were $41.6 million compared to the budgeted amount of $43.6 million. • 3) Expenses: (Page 12A) *Year to date purchased power base expense was under budget by $1,865,538 or 6.8 %. Actual purchased power base costs were $25.6 million compared to the budgeted amount of $27.5 million. *Year to date operating and maintenance (0 &M) expenses combined were over budget by $286,722 or 2.6 %. Actual 0 &M expenses were $11.3 million compared to the budgeted amount of $11.0 million. *Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund was at $8,722,213. • Capital Fund balance was at $2,783,545. • Rate Stabilization Fund was at $6,691,258. • Deferred Fuel Fund was at $2,793,934. • Energy Conservation Fund was at $322,604. 5) General Information: Year to date kWh sales (Page 5) were 642,946,522 which is 16.2 million kwh or 2.6 %, ahead last year's actual figure. GAW revenues collected ytd were $642,726, bringing the total collected since inception to $1,939,809. 6) Budget Variance: Cumulatively, the five divisions were over budget by $295,941 or 1.67 %. ATTACHMEt4T4 11 El FINANCIAL REPORT ® MAY 3152013 ISSUE DATE: JUNE 25, 2013 E U • NET ASSETS TOM OF READING. MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT INVESTED IN CAPITAL ASSETS, NET OF RESTRICTED FOR DEPRECIATION FUND UNRESTRICTED RELATED DEBT (P.9) 66,582,408.36 3,286,854.31 24,927,470.08 BUSINESS -TYPE PROPRIETARY FUND TOTAL NET "SETS (P.3) STATEMENT OF NET ASSETS 90,969,496.73 5/31/13 TOTAL LIABILITIES AND NET ASSETS 106 512.799.61 PREVIOUS YEAR 109,098,503.30 CURRENT YEAR ASSETS CURRENT UNRESTRICTED CASH (SCH A P.9) 91895,165.01 8,)25,313.33 RESTRICTED CASH (S CH A P.9) 1911621596.07 19,623,340.21 RECEIVABLES, "I (SCN B P.10) 6,276,981.98 71583,306.81 PREPAID EXPENSES (SCH B P.10 1,029,152.23 1,019,620.24 11504,841.60 1,575,213.39 INVENTORY TOTAL CURRENT ASSETS 37,868 )36.89 38 526,692.97 NONCURRENT INVESTMENT IN ASSOCIATED CO (SCH C P.2) 61,574.36 43,074.63 CAPITAL ASSETS, NET (SCH C P.2) 68,583,488.36 )0,528,)34.60 TOTAL NONCURRENT ASSETS 68,644.062.72 )0.5)1,809.23 106,512.799.61 109.098.502.20 TOTAL ASSETS LIABILITIES CURRENT 9,583, 93fi .93 9,537,683.71 ACCOUNTS PAYABLE 625,662.49 604,326.24 CUSTOMER DEPOSITS • 348,505.17 383,356.95 CUSTOMER ADVANCES FOR CONSTRUCTION ACCRUED LIABILITIES 1,223.183.70 1,537,278.36 TOTAL CDRRENT LIABILITIES 6.781,288.28 7.142,645.26 NONCURRENT ACCRUED EMPLOYEE COMPENSATED ABSENCES 2.9]4.698.58 1,986,]fi 0.21 TOTAL NONCURRENT LIABILITIES 2,934,698.58 2,986,360.21 TOTAL LIABILITIES 9.715.986.06 10.129,005.47 NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RESTRICTED FOR DEPRECIATION FUND UNRESTRICTED RELATED DEBT (P.9) 66,582,408.36 3,286,854.31 24,927,470.08 70,528,734.60 2,783,545.84 25,657,216.29 TOTAL NET "SETS (P.3) 96 796,812.75 90,969,496.73 TOTAL LIABILITIES AND NET ASSETS 106 512.799.61 109,098,503.30 TONN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 5/31/13 SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC NEW ENGLAND HYDRO TRANSMISSION TOTAL INVESTMENTS IN ASSOCIATED COMPANIES SCHEDULE OF CAPITAL ASSETS LAND STRUCTURES AND IMPROVEN21TS EQUIPM AND FURNISHINGS INFRASTRUCTURE TOTAL CAPITAL ASSETS, NET TOTAL NONCURRENT ASSETS Q) 1,365,843.33 6,))8,053.53 13,033,604.15 47.505.988.46 68 LI 488.36 68,644.063.)1 1,365,841.33 6,803,833.03 13,114,701.80 49,135,357.54 )0,538.)39.60 )0,5)1.809.33 J to SCHEDULE C PREVIOUS YEAR CURRENT YEAR 13,631.19 1,9)5.)4 48,943.17 40,098.89 61.5)4 36 43,074 63 1,365,843.33 6,))8,053.53 13,033,604.15 47.505.988.46 68 LI 488.36 68,644.063.)1 1,365,841.33 6,803,833.03 13,114,701.80 49,135,357.54 )0,538.)39.60 )0,5)1.809.33 J to OPERATING EXPENSES: (SCN E P.12) PURCHASED POWER BASE PURCHASED POSER PURL OPERATING MAINTENANCE DEPRECIATION VOLDRTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME &OPERATING REVINUE9 (EXPENSES) CONTRIBUTIONS IN AID OF CONHT RETURN ON INVESTMENT TO READING INTEREST INCOME INTEREST EXPENSE OTHER (ESSE AND ASSET) TOTAL NONOPERATING REV (EEP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OY YBAR BET ASSETS AT SW OF MAY A 1,952,992.83 TONE OF READING, MASSACHUSETTS 22,707,982.18 25,609,011.96 12.78% 2.098,550.90 EDNICIPAL LIGHT DEPARTNENT 32,466,825.39 30,839,606.50 -5.01% 720,722.99 BUSINESS -TYPE PROPRIETARY T. 7,846,508.34 6,650,509.16 12.60% 9TAT860DPP OP REVENUES, EXPENSES AHD CHARGES IN FUND NET ASSETS 2,530,198.79 2,492,814.51 -1.48% 296,027.47 5/31/13 305,469.18 3,256,302.17 3,36D,160.98 3.19% NONTE MONTH LAST YEAR CURRENT YEAR YTD % 0.66% LAST YEAR CURRENT YEAR TO DATE 1G DATE CHANGE OPERATING REVENUES: (SCH D P.11) 3.36% 324,099.62 (474,316.77) 4,779,264.11 3,919.146.02 BASE REVENUE 3,230,775.49 3,286,196.58 40.072,659.51 41,683,125.68 1.98% FUEL REVENUE 2,344,120.24 2,260,618.34 32,653,406.45 32,053,062.75 -1.84% PURCHASED POWER CAPACITY (9,376.891 (215,608.84) (119,068.00) 11177,295.76 - 1088.74% FORFEITED DISCOUNTS 55,711.23 57,983.14 829,403.37 679,061.52 5.99% ENERGY CONSERVATION REVENUE 48,567.85 49,448.13 557,251.34 632,948.19 13.58% SAN REVENUE 49,363.61 50,244.73 626.798.83 642,726.33 2.54% (33.019.19) (17.730.28) (596.184.54) (689,366.10) 15.63% NYRA CREDIT TOTAL OPERATING REVffiIUES 5.666,142.34 5,411.081.90 74,824,266.96 76,378,834.13 2.08% OPERATING EXPENSES: (SCN E P.12) PURCHASED POWER BASE PURCHASED POSER PURL OPERATING MAINTENANCE DEPRECIATION VOLDRTARY PAYMENTS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME &OPERATING REVINUE9 (EXPENSES) CONTRIBUTIONS IN AID OF CONHT RETURN ON INVESTMENT TO READING INTEREST INCOME INTEREST EXPENSE OTHER (ESSE AND ASSET) TOTAL NONOPERATING REV (EEP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OY YBAR BET ASSETS AT SW OF MAY A 1,952,992.83 2,122,543.60 22,707,982.18 25,609,011.96 12.78% 2.098,550.90 2,209,286.11 32,466,825.39 30,839,606.50 -5.01% 720,722.99 805,646.14 7,846,508.34 6,650,509.16 12.60% 180,748.53 248,251.54 2,530,198.79 2,492,814.51 -1.48% 296,027.47 305,469.18 3,256,302.17 3,36D,160.98 3.19% 113,000.00 114,000.00 1.239,186.00 i,247,383.00 0.66% 5,362,042.72 5,885,398.57 70,047,002.85 72,399,696.11 3.36% 324,099.62 (474,316.77) 4,779,264.11 3,919.146.02 - 16.71% 0.00 33,507.40 54,965.54 154,070.50 18D.30% (183,829.75) (188,785.58) (2,022,127.251 (2,076,641.40) 2.70% 3,572.46 2,457.09 77,135.65 32,144.50 - 50.33% (SD3.00) (255.29) 17,234.501 (3,070.79) - 46.50% 25,197.40 87,759.89 313,226.73 350,585.63 11.93% (155.562.09) (65.316.49) (1,584,033.83) (1,543,711,29) -2.55% 168.536.73 (539,633.261 3,193,230.26 2,435.436.74 93,603.502.47 96,534,059.99 96,796,812.75 98.969.496.73 - 23.73% 3.13% 2.24% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EXPENSES ARM CHANGES IN FUND NET ASSETS 5/31/13 OPERATING REVENUES: (SCH F P.11B) BASE REVENUE FUEL REVENUE PURCHASED POWER CAPACITY FORFEITED DISCOUNTS ENERGY CONSERVATION REVENUE DAN REVENUE NYPA CREDIT TOTAL OPERATING REVENUES OPERATING EXPENSES: (SCH G P.12A) PURCHASED POWER BASE PURCHASED POWER FUEL OPERATING MAINTENANCE DEPRECIATION VOLUNTARY PAYMEWIS TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCOME NONOPBRATING REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST RETURN ON INVESTMENT TO READING INTEREST INCOME INTEREST EXPENSE OTHER (MUSE AND AMORT) TOTAL NONOPERATING RSV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF WAY ( ) - ACTUAL UNDER BUDGET ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE. CHANGE 41,683,125.68 43,658,715.00 (1,975,589.32) -4.53% 32,053,062.75 28,823,033.00 3,230,029.75 11.22% 1,177,275.76 1,971,975.00 (794,699.24) - 40.30% 879,061.52 960,491.00 (81,429.48) -8.48% 632,948.19 650,976.00 (18,027.81) -2.77% 642,726.33 28) 650,976.00 _ (0,249.67) -1.27% (689,366,10) (641,663.00) 147.703 101 7.43% 76,378,934.13 76,074,503.00 304,331.13 0.40% 25,609,011.96 37,474,550.00 (1,865,538.04) -6.79% 30,039,806.50 28,231,610.00 21608,196.50 9.24% 8,050,509.16 8,614,917.00 235,592.16 2.73% 2,492,014.51 2,441,684.00 51,130.51 2.09% 3,360,160.98 3,345,837.00 14,323.98 0.43% 1,247.383.00 28) 1.254.000.00 _ (6,617.00) -0.53% 72,399,686.11 71,362,598.00 1,037.088.11 1.45% El 3,979,148.02 4,711,905.00 (733,756.98) - 15.55% • 154,070.50 400,000.00 (245,929.50) - 61.48% (2,076,641.40) (2,076,350.00) (391.40) 0.02% 32,144.58 91,663.00 (59,518.42) - 64.93% (3,870.79) (3,750.00) (1,110.79) 40.76% 350,585.83 110,000.00 240,585.83 218.71% IL543.711 28) IL477. 337.001 166,374.281 4.49% 2,435,436.74 3,234,568.00 (799,131.26) 96,534,059.99 96,534,059.99 0.00 98.969,99fi.)] 99,7fi 8. 627.99 1799,131.261 13A) - 24.71% 0.00% -0.80% r I L L TONN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 5/31/13 SOURCE OF CAPITAL FUNDS: DEPRECIATION FUND BALANCE 7/1/12 2,635,205.70 CONSTRUCTION POND BALANCE 7/1/12 2,000,000.00 INTEREST ON DEPRECIATION POND BY 13 6,158.03 DEPRECIATION TRANSFER PY 13 3,360,160.98 TOTAL SOURCE OF CAPITAL FUNDS 8,001,524.71 USE OF CAPITAL FUNDS: LESS PAID ADDITIONS TO PLANT THRU MAY 5,217.970.87 GENERAL LEDGER CAPITAL FUNDS BALANCE 5/31/13 2.783.545.84 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMERT SALES OF KILOWATT HOURS 5/31/13 SALES OF ELECTRICITY: MONTH LAST FIRM MONTH CURRENT YEAR LAST YEAR TO DATE CURRENT YEAR TO DATE YTD % CHANGE RESIDENTIAL SALES COMM. AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 15,722,953 31,290,950 73,075 15,929,164 31,870,592 73,699 238,226,577 370,441,334 804,200 236,710,546 377,581,825 806,435 3.72% 1.93% 0.28% TOTAL PRIVATE CONSUMERS 47.086.978 97,07].455 599.9)2,119 615.090.806 3.614 MUNICIPAL SALES: STREET LIGHTING MUNICIPAL BUILDINGS 237,586 713,339 239,495 742,789 2,625,863 0,740,381 1,622,837 9,100,414 -0.13% 4.13% TOTAL MUNICIPAL CONSIMeR3 950.925 982.384 11.366.299 11.733.251 3.14% SALES FOR RESALE 302,644 202,536 2,960,202 2,971,590 0.38% SCHOOL 1,111,805 1,146,467 12,950,073 13,152,875 1.57% TOTAL KILOWATT HOURS SOLO _49,352.432 50.209.742 626,748.638 643.946.5]] 3.58% 1 M TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT EILONATT HOURS SOLD BY TOWN 5/31/13 TOTAL READING LYNNPIELD NO. READING WILMINGTON NONTH RESIDENTIAL 15,929,164 5,481,452 1,997,864 3,144,826 4,705,022 COMM R ING 31,870,592 3,8]],508 240,862 5,135,598 22,616,544 PVT ST LIGHTS 73.699 13,433 1,360 21,924 36,982 PUB ST LIGHTS 239,495 80,662 32,500 41,666 84,667 MUNI SLUGS 742,789 103,404 134,368 154,237 270,790 SALES /RESALE 202,536 202,536 0 0 0 SCHOOL 1,146,467 403,296 257,143 150,640 335,388 TOTAL 50.204,]93 10,242.3]1 2.669,09] 9.248.891 28,049.303 YEAR TO DATE RESIDENTIAL 236,710,546 74,502,948 33,466,441 54,560,238 74.180,919 COW F IND 377,501,825 47,241,160 2,960,518 50,462,390 268,917,751 PVT ST LIGHTS 806,435 148,979 14,960 235,692 406,804 PUB ST LIGHTS 2,622,837 006,022 357,460 449,058 930,297 MUST BLDGS 9,100,414 2,393.296 1,604,210 1,697,764 3,325,144 SALES /RESALE 2.971,590 2,971,590 0 0 0 SCHOOL 13,152,875 4,625,204 2,892,723 1,694,800 3,939,988 TOTAL 642,946.522 183.769.249 41.376,312 110.100,022 351.]00.909 LAST YEAR TO DATE RESIDENTIAL 228,226,577 71,862,373 31,961,479 53,304,898 ]1,09],827 COMM c IND 370,441,334 46,938,641 2,962,600 57,312,471 263,227,622 PVT ST LIGHTS 604,208 152,727 14,960 237,416 399,105 PON ST LIGHTS 2.625,863 885.396 357,022 439,172 944,273 MUNI BLDGS 8,740,381 2,274,094 1,491,155 1,697,113 3,277,159 SALES /RESALE 2,960,202 2,960,202 0 0 0 SCHOOL 12,950,073 4.619,844 2,808,363 1,662,200 3,559,666 TOTAL 626.748,638 129,694,077 39595 579 114.653,330 342.805,652 KILOWATT HOURS SOLD TO TOTAL TOTAL RBMIND LYNNPIELO NO.RBAUING WILMINGTON MONTH RESIDENTIAL 31.48% 10.92% 3.8% 0. 9.37% COMM 4 I 63.40% 7.71% 0.940% 10.23% 23% 45.05% PVT ST LIGHTS HTS 0.15% 0.03% 0.0% 0.04% 0.08% PUB ST LIGHT9 0.48% 0.16% 0.066% 0.08% 0.18% MUNI BLDGS 1.40% 0.37% 0.27% 0.31% 0.53% SALES/RESALE 0.40% 0.40% 0.00% 0.00% 0.00% SCHOOL 3.28% 0.80% 0.51% 0.30% 0.67% TOTAL 100.00% 20.40% 5.30% 18.92% 55.88% YEAR TO DATE RESIDENTIAL 36.83% 11.59% 5.21% 8.49% 11.54% COW 6 IND 58.73% 7.35% 0.46% 9.09% 41.83% PVT ST LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06% PUB ST LIGHTS 0.41% 0.14% 0.06% 0.07% 0.14% MUNI SLUGS 1.41% 0.31% 0.26% 0.26% 0.52% SALES /RESALE 0.46% 0.46% 0.00% 0.00% 0.00% SCHOOL 2.04% 0.42% 0.45% 0.26% 0.61% TOTAL 100.00% 20.65% 6.44% 18.21% 54.40% LAST YEAR TO DATE 36.41% 1.47% 5.10% 8.50% 11.34% RESIDENTIAL 7 4.49% 0.47% 9.14% 42.01% COMM R I 59.11% 0.0% 0.04% 0.06% PVT ST LIGHTS HTS 0.2% 0.02% 0.07% 0.15% `'. PUB ST LISXTS 0.942% 0.14% 0.066% 0.% 0.52% `7) MUNI BLDGB 1.39% 0.36% 0.14% 0.0000% 0.00% SALES/RESALE 0.47% 0.44% 0.00% 0.37% 0.62% SCHOOL 2.00% 0.74% 0.45% TOTAL 100.004 20.69% 6.]24 18.29% 54.70{ M TOMS OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 5/31/13 TOTAL OPERATING REVEMIES ADO: POLE RENTAL LESS: (P.3) 76,378,834.13 INTEREST INCOME ON CUSTOMER DEPOSITS OPERATING EXPENSES (P.3) CUSTOMER DEPOSIT INTEREST EXPENSE PO AND LA INCOME (LOSS) n) 0.00 1,187.97 (72,399,686.11) (3,870.79) 3.976,465.10 L l S L r� `i SALE OF RMB (P. 5) Aq PURCHASED AVE BASE COST PER EWH AVE EASE SALE PER HWH AVE COST PER RWR AVE SALE PER KW FUEL CHARGE REVENGE (P.3) LOAD FACTOR r'm H TORN OF READING, MASSACHUSETTS HGNICIPAL LIGHT DEPARTMENT GENERAL STATISTICS 5/31/13 MONTH OF MAY 2012 49,352,432 50,267,384 0.033518 0.065463 0.069534 0.112961 2,344,120.24 71.11% 112,240 MONTH OF % CMAMGE YEAR THEO MAY 2013 2012 2013 MAY 2012 MAY 2013 50,204,742 -3.67% 2.58% 626,748,639 642,946,522 56,418,457 6.32% 1.75% 652,543,829 663,974,548 0.037621 - 7.47% 10.83% 0.034799 0.038569 0.065456 2.23% -0.59% 0.065214 0.064831 0.078198 -7.99% 0.55% 0.084553 0.085017 0.110484 -2.98% -2.24% 0.117313 0.114685 2,260,618.34 - 11.71% -1.84% 32,653,406.45 32,053,062.75 53.71% 143,802 u N ++ > fiBry O 0 W li U L r`,Yyn <7 O e .Q a— i.l III dQ�JS r, °n ! Y o 1 / 4�Ob I S !!ryY p! b 0 pt d0 11104, 11100 y p! Jas p 00y p! 00 LO qrl- N O O O O O O CD cz; K? dc} U> K? EA TO" OF READING, MASSACI SETTS MUNICIPAL LIGHT DEPARTMENT {P SCHEDULE OF CASH AND INVESTMENTS V 5/31/1] SCHEDULE A UNRESTRICTED CASH CASH - OPERATING FUND CASH - PETTY CASH TOTAL UNRESTRICTED CASH RESTRICTED CASE CASH - DEPRECIATION FUND CASH - TOM PAYMENT CASH - DEFERRED FUEL RESERVE CASH - RATE STABILIZATION FUND CASH - ONCOLLECTIBLE ACCTS RESERVE CASH - SICR LEAVE BENEFITS CASH - HAZARD WASTE RESERVE CASH - CUST0MER DEPOSITS CASH - ENERGY CONSERVATION CASH - OPEN TOTAL RESTRICTED CASH u TOTAL CASH BALANCE 2 PREVIOUS YEAR CURRENT YEAR 9,892,165.01 8,712,113.32 31000.00 3,000.00 9,895.165.01 8.725,113 .32 3,286,854.31 2,703,545.84 1,788,000.00 1,513,927.50 3,645,611.30 2,793,934.63 6,074,335.60 61691,358.15 200,000.00 200,000.00 2,955,744.59 1,980,453.45 1501000.00 150,000.00 625,662.49 684,326.24 261,121.28 323,604.15 1,174,256.50 1,495,290.25 19.623.340.21 19,162.596.07 19.057.761.08 38.348.553.53 M TOM OF READING, NASSACHUSETTS MUNICIPAL LIGHT DSPARTNENT SCHEDULE OF ACCOUNTS RECEIVABLE 5/31/13 SCHEDULE B SCHEDULE OF ACCOUNTS RECEIVABLE PREVIOUS YEAR 2,989,990.35 CURRENT YEAR RESIDENTIAL AND COMMERCIAL 1,818,577.57 87,324.59 2,989,990.35 65,467.79 ACCOUNTS RECEIVABLE - OTHER 130,727.23 240,781.65 188,360.O6 241,849.32 ACCOUNTS RECEIVABLE - LIENS 33,509.80 133,394.85 28,132.35 178,155.33 ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 892.14 14,523.70 2,303,802.90 14,523.70 SALES DISCOUNT LIABILITY (219,729.88) 11 02223 892.14 (262,144.63) 1.019.6]0.29 RESERVE FOR UNCOLLBCTIBLB ACCOGNTS (317,289.25) 60 DAYS TOTAL ACCOUNTS RECEIVABLE BILLED 1,446,687.61 3.40% (27],860 2,667,369.90 29) UNBILLBD ACCOUNTS RECEIVABLE 4,830,294.37 4,915,936.83 TOTAL ACCOUNTS RECEIVABLE, NET 66 276,981.98 59.893 7.583,306.81 2.19% SCHEDULE OF PREPAYMENTS PREPAID INSURANCE 553,126.44 2,989,990.35 519,624.10 PREPAYMENT PURCHASED POWER 87,324.59 65,467.79 PREPAYMENT "PA 240,781.65 GENERAL LEDGER BALANCE 241,849.32 3.72].895.72 PREPAY103NT WATSON 133,394.85 178,155.33 PURCHASED POWER WORKING CAPITAL 14,523.70 2,303,802.90 14,523.70 84.46% TOTAL PREPAYMENT 11 02223 30 DAYS 1.019.6]0.29 ACCOUNTS RECEIVABLE AGING MAY 2013: C RESIDENTIAL AND CONMRCIAL 2,989,990.35 LESS: SALES DISCOUNT LIABILITY (262,144.63) GENERAL LEDGER BALANCE 3.72].895.72 CURRRENT 2,303,802.90 84.46% 30 DAYS 251,558.53 9.22% 60 DAYS 92,723.45 3.40% 90 DAYS 19,918.79 0.73% OVER 90 DAYS 59.893 05 2.19% TOTAL ].727,895.73 100.00% N (1U) TOM OF HEADING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE 5/31/13 SCHEDULE D SALES OR ELECTRICITY: MONTH LAST YEAR WORTH CURRENT THAN LAST YEAR TO DATE 73,516,065.96 CURRENT YEAR TO DATE PTO % CHANGE RESIDENTIAL SALES COW AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 1,995,338.55 3,315,297.13 5,714.54 1,991,361.31 3,291,230.73 5,615.74 27,990.59 84,132.10 39,803,994.27 40,426,798.03 71,211.93 ]],109.14 84,314.29 30,180,691.12 40,211,909.56 64,927.97 340,283.60 1,051,070.67 1.60% -0.53% -8.83% TOTAL PRIVATE CONSUMERS 5,316,350.]] -8.48% -0.59% 5.188,30'/.]9 TOTAL MUNICIPAL CONSUMERS ]0.30].005.23 ]0.55> 528.65 0.36% MUNICIPAL SALES: 5,574,895.73 5,546,814.92 73,516,065.96 73,736,180.43 0.29% STREET LIGHTING MUNICIPAL BUILDINGS 27,990.59 84,132.10 ]],109.14 84,314.29 340,283.60 1,051,070.67 311,410.07 11044,819.41 -8.48% -0.59% TOTAL MUNICIPAL CONSUMERS 111,122.69 111.533.53 1.391.354.27 1.356,238.18 -2.52% ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - COMMERCIAL 15,733.46 32,834.39 15,946.05 33,502.08 204,903.96 352,347.48 SALES FOR RESALE 23,639.91 15.60% 13.41% 23,202.21 GAW REVENUE 359,439.96 352,454.85 -1.94% SCHOOL 122,782.90 1.54% 123,871.39 NYPA CREDIT 1,473,266.50 1,469,966.65 -0.22% 10 SUB -TOTAL 5,574,895.73 5,546,814.92 73,516,065.96 73,736,180.43 0.29% FORFEITED DISCOUNTS 55,711.23 57,983.14 829,403.3] 879,061.52 5.99% PURCHASED POWER CAPACITY (9,376.89) (175,678.84) (119,068.00) 1,177,275.76 - 1080.74% ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - COMMERCIAL 15,733.46 32,834.39 15,946.05 33,502.08 204,903.96 352,347.48 236,867.89 396,080.30 15.60% 13.41% GAW REVENUE 49,363.61 50,244.73 626,798.B3 643,726.33 1.54% NYPA CREDIT (33,019.19) (17,730.28) (596,184.54) (689,366.10) 15.63% TOTAL REVENUE 2.08% 586.142.31 .6 5.411,081.80 74.814.366.96 76,378,834.13 _ G 1111 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOM • 5/31/13 MONTH TOTAL TOTAL READING LYNNPIELD NO.READING NILMINGTON RESIDENTIAL INDUS /MUNI BLDG PUB.ST.LIGHTS PRV.ST.LIGHT9 CO -OP RESALE SCHOOL 1,991,361.32 3,375,555.02 27,209.24 5,615.74 23,202.21 123,871.39 TOTAL 686,207.94 451,639.08 81855.51 1,000.43 23,202.21 44,032.20 LYRNFIELD 249,080.90 42,761.48 3,498.22 102.02 0.00 2),155.)9 NZLNINGTON 467,036.18 558,856.23 4,814.57 1,729.15 0.00 16,695.05 35.90% 60.86% 0.49% 0.10% 0.42% 2.23% 589,036.30 2,322,298.23 10,040.94 2,776.14 0.00 35,988.35 12.37% 8.14% 0.16% 0.02% 0'424 0.79% 4.49% 0.77% 0.06% 0.00% 0.00% 0.49% TOTAL )3,]36.188.93 10.62% 41.07% 0.18% 0.05% 0.00% 0.65% 1fi,301.383.35 55 14 13,838.993.33 TOTAL 5.546.819.93 _ 1,314.945.3) 322.598.41 100.00% 1,099.131.18 21.90% 2,960.139.9fi 5.82% 18.91$ LAST YEAR TO DATE THIS YEAR TO DATE RESIDENTIAL INDUS /KIWI BLDG PUB. ST.LXGHTS PRV.ST.LIGHTS CO -OP RESALE SCHOOL 29,003,994.27 41,477,068.70 340,383.60 ]1,212.93 359,439.96 1,473,266.50 9,407,736.10 5,727,780.65 109,336.70 13,231.70 359,439.96 $30,136.60 4,161,860.48 528,376.70 42,486.44 1,298.62 0.00 314,015.63 6,946,909.56 6,615,925.41 61,507.93 22,054.77 0.00 193,965.41 RESIDENTIAL INDUS /MUNI BLDG PUB. ST.LIGHTS PRV.ST.LIGHTS CO -OP RESALE SCHOOL 30,280,691.12 41,256,728.97 311,416.07 64,927.97 352,454.85 1,469,966.65 TOTAL 9,566,152.02 5,648,638.13 101,005.46 11,823.39 352,454.85 521,129.40 4,156,406.80 526,514.20 40,005.63 11186.15 0.00 318,518.95 6,971,))8.49 6,596,841.45 56,047.37 19,647.44 0.00 194,628.57 9,486,273.81 28,484,735.19 114,280.41 32,270.99 0.00 435,589.73 MONTH TOTAL HEADING LYRNFIELD NO.READING NZLNINGTON RESIDENTIAL INDUS /MUNI BLDG PUS.ST.LIGHT6 PRV.ST.LZGHTS CO -OP RESALE SCHOOL 35.90% 60.86% 0.49% 0.10% 0.42% 2.23% 12.37% 8.14% 0.16% 0.02% 0'424 0.79% 4.49% 0.77% 0.06% 0.00% 0.00% 0.49% TOTAL )3,]36.188.93 10.62% 41.07% 0.18% 0.05% 0.00% 0.65% 1fi,301.383.35 55 14 13,838.993.33 �8 553,150.14 TOTAL 100.00% 21.90% 5.82% 18.91$ LAST YEAR TO DATE RESIDENTIAL INDUS /KIWI BLDG PUB. ST.LXGHTS PRV.ST.LIGHTS CO -OP RESALE SCHOOL 29,003,994.27 41,477,068.70 340,383.60 ]1,212.93 359,439.96 1,473,266.50 9,407,736.10 5,727,780.65 109,336.70 13,231.70 359,439.96 $30,136.60 4,161,860.48 528,376.70 42,486.44 1,298.62 0.00 314,015.63 6,946,909.56 6,615,925.41 61,507.93 22,054.77 0.00 193,965.41 9,287,480.13 28,605,785.94 126,952.53 34,627.84 0.00 435,148.886 RESIDENTIAL INDUS /NUNI BLDG PUB.ST.LIGH'TS PRV.BT RESALE CO -OP R89ALE SCHOOL 41.07% 55.95% 0.43% 0.091 0.48% 1.99% 12.97% 7.66% 0.11% 0.02% 0.40% 0.71% 5.77% 0.71% 0.05% 0.00% 0.00% 0.43% 9.46% 0.95% 0.00% 0.03% 0.00% 0.26% 12.87% 30.63% 0.15% 0.04% 0.00% 0.59% TOTAL _ ]3,526.065.96 _ 16. 197.661 Al 5,098.095.87 13.840.763.08 38, 489. 995.3 100.004 PERCENTAGE OF OPERATING INCOME TO TOTAL MONTH TOTAL HEADING LYRNFIELD NO.READING NZLNINGTON RESIDENTIAL INDUS /MUNI BLDG PUS.ST.LIGHT6 PRV.ST.LZGHTS CO -OP RESALE SCHOOL 35.90% 60.86% 0.49% 0.10% 0.42% 2.23% 12.37% 8.14% 0.16% 0.02% 0'424 0.79% 4.49% 0.77% 0.06% 0.00% 0.00% 0.49% 8.42% 10.08% 0.09% 0.034 0.00% 0.30% 10.62% 41.07% 0.18% 0.05% 0.00% 0.65% TOTAL 100.00% 21.90% 5.82% 18.91$ 53.3)$ THIS YEAR TO DATE RESIDENTIAL INDUS /NUNI BLDG PUB.ST.LIGH'TS PRV.BT RESALE CO -OP R89ALE SCHOOL 41.07% 55.95% 0.43% 0.091 0.48% 1.99% 12.97% 7.66% 0.11% 0.02% 0.40% 0.71% 5.77% 0.71% 0.05% 0.00% 0.00% 0.43% 9.46% 0.95% 0.00% 0.03% 0.00% 0.26% 12.87% 30.63% 0.15% 0.04% 0.00% 0.59% TOTAL 100.004 21.97& fi.9]k 18.77% 53.394 LAST YEAR TO DATE RESIDENTIAL INDUST.LIG BLDG /MuNi PUB. 9T. LIGHT6 PRV.BT RESALE CO -OP RESALE SCHOOL 40.54% 56.41} 0.46% 0.10$ 0.494 2.00% 12.80% 7 0.15% 0.034 0.498 0.72% 78% 5.66% 0.06% 0.06% 0.00% 0.00% 0.434 9.454 9.004 0.08% 0.03% 0.00% 0.36% 38.91% 30.91$ 0.1) 0.0 0.00 0.594 TOTAL 100.004 21.96% 6.8)% 18.824 52.35% IvvAl TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED REVENUE VARIANCE REPORT 5/31/13 SCHEDULE E ( ) - ACTUAL ORDER BUDGET to (Ii.) ACTUAL BUDGET R YEAR TO DATE YEAR TO DATE VARIANCE • ORANGE SALES OF ELECTRICITY: RESIDENTIAL 10,463,349.46 19,226,121.00 (762,]]1.54) -3.97% COMM AND INDUSTRIAL SALES PRIVATE STREET LIGHTING 22,026,410.16 23,172,773.00 (1,146,362.84) -4.95% MUNICIPAL BUILDINGS PUBLIC STREET LIGHTING 180,268.06 185,310.00 (5,041.94) -2.72% SALES FOR RESALE 204,631.12 254,024.00 (49,392.88) - 19.44% SCHOOL 808.466.88 820,487.00 (12 020.12) -1.46% TOTAL BASE SALES 41,603,125.68 43,650,115.00 (1,9]5,589.32) -4.53% TOTAL FUEL SALES 32,053,062.75 28,823,033.00 3,230.029.75 11.21% ® TOTAL OPERATING REVENUE 73,736,188.43 ]2,481,]48.00 1,254,440.43 1.73% FORFEITED DISCOUNTS 879,061.52 960,491.00 (81,429.48) -8.48% PURCHASED POWER CAPACITY 1,177,275.76 1,971,975.00 (794,699.24) - 40.30% ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - COMMERCIAL 236,867.89 396,080.30 237,296.00 413,678.00 (430.11) (17,597.]0) -0.18% -4.25% GAN REVENUE NYPA CREDIT 642,726.33 (689,366.10) 650,976.00 (641,663.00) (8,249.67) (47,703.10) -1.27% 7.43% TOTAL OPERATING REVENUES 76,378,834.13 ]6,079.503.00 ]04,331.13 0.40% ( ) - ACTUAL ORDER BUDGET to (Ii.) TOM OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING EXPENSES 5/31/1] SCHEDULE 8 OPERATION EXPENSES: NORTH LAST YEAR NORTH CURRENT YEAR LAST YEAR TO DATE CURRENT YEAR TO DATE YTD % CHARGE PURCHASED POWER BASE EXPENSE 1.953 992.83 MAINT OF TRANSMISSION PLANT MINT OF STRUCT AHD EQUieF4T MINT OF LINES - OH MAINT OF LINES - US MAINT OF LINE TRANSFORKERS MINT OF ST IT i SIG SYSTEM MAINT OF GARAGE AND STOCKROOM MINT OF METERS MAINT OF GEN PLANT ].122.54).60 --52"7071982,18 25.609,011 96 12.78; OPERATION SUP AND ENGINEERING ESP STATION SUP LABOR AND RISC LINE RISC LABOR AND EXPENSE STATION LABOR AND EXPENSE STREET LIGHTING EXPENSE MIER EXPENSE RISC DISTRIBUTION EXPENSE METER HEADING LABOR 6 EXPENSE ACCT 6 COLL LABOR S EXPENSE UNCOLLBCTIBLE ACCOUNTS ENERGY AUDIT EXPENSE ADNIN R GEN SALARIES OFFICE SUPPLIES 8 EXPENSE OUTSIDE SERVICES PROPERTY INSURANCE INJURIES AND DAMAGES EMPLOYEES PENSIONS A BENEFITS MISC GENERAL EXPENSE RENT EXPENSE ENERGY CONSERVATION 50,553.46 10,524.35 93,926.08 41,463.01 10,870.27 16,068.53 32,736.72 8,126.42 115,035.18 16,000.00 48,639.40 69,319.75 14,904.97 18,775.00 32,864.72 3,920.56 86,095.48 7,187.32 18,569.82 25,141.95 TOTAL RAINTENANCB EXPENSES 47,504.86 6,181.07 06,448.05 35,427.46 5,973.11 17,255.48 31,426.82 3,9$4.95 127,123.56 8,333.33 61,040.56 62,842.01 22,087.34 52,613.11 29,926.00 3,996.02 151,201.54 6,328.84 24,270.45 21,912.78 53 473,678.54 104,149.30 643,156.73 425,893.16 109,931.67 218,330.81 312,358.96 84,453.62 1,306,784.02 176,000.00 402,167.98 697,512.35 202,661.97 360,652.62 354,882.05 21.897.12 1,145.120.23 157,067.02 183,091.83 465,918.34 465,633.49 68.248.57 643,407.83 447,159.26 71,162.58 171,444.50 317,843.46 71,613.43 1,367,162.87 91,666.63 497,974.20 694,024.21 236,423.72 486,394.01 339,947.43 41,109.76 1,886,208.59 150.404.43 195,810.04 606,870.07 )7 -1.704 - 34.474 0.044 4.994 - 35.27% - 21.474 1.764 - 15.204 4.624 - 47.924 23.824 -0.504 16.664 34.864 -4.214 87.744 64.724 -4.24; 6.49% 30.254 51 TOTAL OPERATION EXPENSES 720 722.99 DEPRECIATION EXPENSE $05,848.14 7,846,508. ..804 -17 3,360,160.98 MAINTSNANCE EXPENSES: • MAINT OF TRANSMISSION PLANT MINT OF STRUCT AHD EQUieF4T MINT OF LINES - OH MAINT OF LINES - US MAINT OF LINE TRANSFORKERS MINT OF ST IT i SIG SYSTEM MAINT OF GARAGE AND STOCKROOM MINT OF METERS MAINT OF GEN PLANT 227.08 8,600.18 94,299.59 17,900.35 9,882.25 (15.90) 35.710.68 3,014.23 11,122.07 227.08 11,115.03 127,354.44 17,801.39 6,728.12 (82.59) 62,321.19 8,304.83 14,402.05 2,49).90 214,120.41 1,459,517.16 167,159.09 47.451.61 (361.38) 479,423.18 74,610.06 85,780.74 2,497.90 130,313.24 1,385,609.15 172,707.00 134,838.40 (103.33) 517.477.28 38,991.82 110,483.05 0.00; - 39.14; -5.064 3.324 184.164 - 71.414 7.944 - 47.74; 20.004 TOTAL RAINTENANCB EXPENSES 180. >48 53 248.251.54 1.530,190 )7 2.491.819 51 -1.484 DEPRECIATION EXPENSE 296,027.47 305,469.18 3,256,302 -17 3,360,160.98 3.194 PURCHASED POWER FUEL EXPENSE 2,098,550.90 2,289,286.11 32,466,825.39 30,839,806.50 -5.014 VOLUNTARY PAYNBOYS TO TOWS 113,000.00 114,000.00 1,239,166.00 1,247,383.00 0.66% TOTAL OPERATING EXPENSES 5.362.042.72 5.655.398.57 70.D4).003.85 72,399.686 -11 3.364 TOW OF READING, MASSACHUSETTS HONICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 5/31/13 SCHEDULE G • ( ) = ACTUAL UNDER BUDGET _J (1]A) ACTUAL BOUGHT % OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE • CHANGE PURCHASED POWER BASE EXPENSE ]5 609,011.96 27,979.550.00 (1,865.538.04) -6.79% OPERATION SUP AND ENGINEERING REP 465,633.49 426,021.00 39,612.49 9.30% STATION SUP LABOR AND MISC 68,248.57 71,934.00 (3,685.43) -5.12% LINE MISC LABOR AND EXPENSE 643,407.83 608,985.00 34,422.83 5.65% STATION LABOR AND EXPENSE 447,159.26 407,116.00 39,383.26 9.66% STREET LIGHTING EXPENSE 71,162.50 75,561.00 (4,398.42) -5.02% 171,444.50 111,782.00 (6,337.50) -3.56% METER EXPENSE MISC DISTRIBUTION EXPENSE 317,843.46 331,996.00 (14,152.54) -4.26% METER HEADING LABOR 8 EXPENSE 71,613.43 69,342.00 2,271.43 3.28% ACCT 6 COLL LABOR 6 EXPENSE 1,367,162.87 1,256,905.00 110,257.87 8.77% UNCOLLECTIBLE ACCOUNTS 91,666.63 91,663.00 3.63 0.009 14.36% ENERGY AUDIT EXPENSE 497,919.28 435,437.00 62,537.28 AUNIN 6 GEN SALARIES 694,024.21 608,356.00 5,663.21 0.82% OFFICE SUPPLIES A EXPENSE 236,423.72 232,877.00 3,546.72 1.52% OUTSIDE SERVICES 486,394.01 480,684.00 5,710.01 1.19% PROPERTY INSURANCE 339,947.43 432,223.00 (92,275.57) - 11.35% INJURIES AND DAMAGES 41,109.76 51,943.00 110,833.241 - 20.86% EMPLOYEES PENSIONS 5 BENEFITS 1,886,208.59 11749,011.00 137,197.59 7.84% MISC GENERAL EXPENSE 150,404.43 192,131.00 (41,726.57) - 21.73% RENT EXPENSE 195,810.04 194,337.00 1,473.04 0.76% ENERGY CONSERVATION 606,870.07 639,953.00 (33,082.93) -5.17% TOTAL OPERATION EXPENSES 8.614.911.00 235,592.16 2.73% 8.850.509.16 co MAINTENANCE EXPENSES: SAINT OF TRANSMISSION PLANT 2,497.90 2,150.00 (252.10) -9.17% SAINT OF STRUCT AND EQUIPNENT 130,313.24 103,140.00 27,073.24 26.22% MAINS OF LINES - ON 1,305,609.15 1,091,900.00 293,709.15 26.90% SAINT OF LINES - US 172,707.00 271,310.00 (98,603.00) - 36.34% MAINT OF LINE TRANSPORNERS 134,838.40 180,277.00 (45,438.60) - 25.20% NAINT OF ST IT 6 SIG SYSTEM (103.33) 8,795.00 (8,898.33) - 101.17% SAINT OF GARAGE AND STOCKROOM 511,477.28 616,224.00 (98,746.72) - 16.02% min OF SETERS 38,991.82 47,002.00 (81010.18) - 17.04% min OF GEN PLANT 110,483.05 120,186.00 (9,702.95) -8.07% TOTAL MAINTENANCE EXPENSES 2.492,814.51 2,441,684 00 51 130.51 2.09% DEPRECIATION EXPENSE 3,360,160.98 3,345,031.00 14,323.98 0.43% PURCHASED POWER FUEL EXPENSE 30,839,806.50 28,231,620.00 2,608,196.50 9.24% VOLUNTARY PAYMENTS TO TOWS 1,247,383.00 1,254,000.00 (6,617.00) -0.53% TOTAL OPERATING EXPENSES 1.45% 1.037,080.11 71,362.598.00 72.399.6.6 11 • ( ) = ACTUAL UNDER BUDGET _J (1]A) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 5/31/13 P IIDaI RESPONSIBLE REMAINING OPERATION EXPENSES: SENIOR 2013 ACTUAL BUDGET REMAINING MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET % PURCHASED POWER BASE EXPENSE JP 30.103,]41.00 35.609.011.9fi 4.493 ]30.04 14.93% OPERATION SUP AND ENGINEERING EXP KS 468,949.00 465,633.49 3,315.51 STATION SUP LABOR AND MISC RS 79,813.00 68,248.57 11,564.43 0.71% 14.49% LINE MISC LABOR AND EXPENSE BE 671,309.00 643,407.83 2],901.1] STATION LABOR AND EXPENSE BE 448,249.00 447,159.26 1,089.74 4.16% STREET LIGHTING EXPENSE ES 83,106.00 71,162.50 11,943.42 0.24% METER EXPENSE BE 197,319.00 171,444.50 25,884.50 14.37% 13.12% MISC DISTRIBUTION EXPENSE ME 366,409.00 317,843.46 48,645.54 13.27% METER READING LABOR A EXPENSE RA 69,946.00 71,613.43 (1,667.43) ACCT 6 COLL LABOR R EXPENSE RF 1,385,210.00 1,367,161.87 10,047.13 -2.38% 1.30% UNCOLLECTIBLE ACCOUNTS RF 1001000.00 91,666.63 0,333.37 8.33% ENERGY AUDIT EXPENSE SP 479,013.00 49],9]4.28 )18,961.28) ADMIN c GEN SALARIES K8 761,O68.00 694,024.21 67,043.79 -3.96% OFFICE SUPPLIES A EXPENSE KS 253,950.00 236,423.72 17,526.38 8.81% OUTSIDE SERVICES KB 507,125.00 486,394.01 20,730.99 6.90% 4.09% PROPERTY INSURANCE AS 471,500.00 339,947.43 131,553.57 27.90% INJURIES AND DAMAGES AS 56,619.00 41,109.76 15,509.24 27.39% EMPLOYEES PENSIONS fi BENEFITS KS 1,809,623.00 1.886,208.59 3,414.41 MISC GENERAL EXPENSE KB 200,785.00 150,404.43 50,380.57 0.18% 25.09% RENT EXPENSE AS 212,000.00 195,810.04 16,189.96 7.64% ENERGY CONSERVATION SP 697,983.00 606,870.07 91,113.93 13.05% TOTAL OPERATION EXPENSES 8.833,105.00 8.850 509.16 599.556 84 6.33% MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT BE 3,000.00 2,497.90 502.10 16.]4% • MAINS OF BTRUCT AND EQUIPW RS 114,120.00 130,313]4 (16,193.14) NAINT OF LINES - ON RE 1,250,421.00 1,385,609.15 . (135,188.15) - 14.19% - 10.81% HAINT OF LINES - US KS 285,371.00 172,707.00 112,664.00 39.48% MAINT OF LINE TRANSFORMERS AS 188,500.00 134,838.40 53,662.60 28.47% SAINT OF ST IT R SIG SYSTEM KS 9,684.00 (103.33) 9,707.33 101.07% SAINT OF GARAGE AND STOCKROOM KS 672,509.00 517,477.28 155,111.72 23.06% MAINT OF METERS KS 47,392.00 38,991.82 81400.18 17.72% MAINT OF GEN PLANT RF 131,320.00 110,483.05 20,836.95 15.87% TOTAL MAINTENANCE EXPENSES 3,817.401 00 3.492.814.51 209,503 49 _ 7.44% DEPRECIATION EXPENSE RF 3,650,000.00 3,360,160.98 289,839.02 7.94% PURCHASED POWER FUEL EXPENSE GP 30,500,000.00 30,839,806.50 (339,806.50) -1.11% VOLUNTARY PAYMENTS TO TOWNS RF 1,368,000.00 1,247,383.00 120,617.00 8.82% TOTAL OPERATING EXPENSES 83,]6].500.00 71.399,686.11 5.333.530.89 6.36% IIDaI G TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 5/31/2013 PROFESSIONAL SERVICES BY PROJECT ITEM DEPARTMENT ACTUAL BUDGET VARIANCE 1 ENID AND PENSION TRUST AUDIT FEES ACCOUNTING 32,750.00 33.500.00 32,250.00 DUELS ENGINEERING 500.00 2 PENSION ACTUARIAL EVALUATION ACCOUNTING 3,750.00 STORE CONSULTING INC. 1,475.00 2,275.00 62,421.01 3 LEGAL- FERC /I80 ISSUES ENERGY SERVICE 0.00 16,500.00 105,244.06 (16,500.00) CHOATE HALL A STEWART 4 LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 25,726.43 12,385.55 41,250.00 RICHARD HIGGINS ARBITRATOR (15,523.57) 5 PROFESSIONAL SERVICES ENERGY SERVICE 9,939.80 MICHAEL BROWN ARBITRATOR 22,000.00 (12,060.20) 2,280.00 6 NERC COMPLIANCE AND AUDIT E 6 O 12,720.00 14,200.00 1,732.50 (1,480.00) DACRI R ASSOCIATES LLC 7 LOAD CAPACITY STUDY ENGINEERING 0.00 2,056.27 15,000.00 TOTAL (15,000.00) B STROM HARDENING STUDY ENGINEERING 0.00 50,000.00 (50,000.00) 9 LEGAL - GENERAL, MMWEC AUDIT ON 131,524.54 137,500.00 (5,975.46) 10 LEGAL SERVICES- GENERAL ER 130,524.69 51,600.00 78,924.69 11 LEGAL SERVICES - NEGOTIATIONS HE 85,628.O6 36,800.00 40,828.06 12 LEGAL GENERAL BLDG. MAINT. 10,300.90 1,375.00 8,925.90 13 SURVEY RIGHT OF WAY BLDG. MAINT. 0.00 4,587.00 (4,587.00) 14 ENVIRONMENTAL BLDG. MAINT. 0.00 4,587.00 (4,587.00) 15 ENGINEERING SERVICES BLDG. PAINT. 14,118.05 7,810.00 6.308.05 16 REPAIR RAMP AND DECK AREA BLDG. MAINT. 0.00 30,000.00 (30,000.00) 17 INSURANCE CONSULTANT GEN. BENEFIT 0.00 9,163.00 (9,163.00) 18 LEGAL GEN. BENEFIT 994.60 4,587.00 (3,592.40) 19 SITE ASSESSMENT FOR MAJOR UPGRADE ACCOUNTING 2,056.27 0.00 2,056.27 20 GENERAL BANKRUPTCY ACCOUNTING 1,444.00 0.00 1,444.00 21 EXECUTIVE SEARCH- ON ON 24,500.00 0.00 24,500.00 22 USA BASIC CLIENT SERVICE ENGINEERING 416.67 0.00 416.67 TOTAL 486,394.01 980,684.00 5,710.01 PROFESSIONAL SERVICES BY VENDOR (13) ACTUAL MELANSON HEATH 4 COMPANY 33.500.00 DUELS ENGINEERING 416.67 HUDSON RIVER ENERGY GROUP 2,895.80 STORE CONSULTING INC. 3,750.00 ROBIN AND RUDMAN 62,421.01 UTILITY SERVICES INC. 12,720.00 DUNCAN R ALLEN 105,244.06 CHOATE HALL A STEWART 207.387.16 MENDERS TORREY 6 SPENCER 12,385.55 RICHARD HIGGINS ARBITRATOR 2,710.00 GARRY WOOTERS ARBITRATOR 2,812.00 MICHAEL BROWN ARBITRATOR 2,538.99 WILLIAM F. CRONLRY ATTORNEY 2,280.00 CMEEC 7,044.00 JM ASSOCIATES 1,732.50 DACRI R ASSOCIATES LLC 24,500.00 COGSDALE 2,056.27 TOTAL 486,394.01 (13) RMLD DEFERRED FURL CASH RESERVE ANALYSIS 5/31/13 • DATE GROSS CHARGES REVENUES NITA CREDIT MONTHLY DEFERRED TOTAL DEFERRED .tun -12 .1u1 -12 3,581,715.28 3,492,843.61 (61,106.90) (149,9]8.5]) 2,120,065.91 2 270 Aug -12 3,578,611.20 1,914,978.35 (44,365.80) (707.998.65) 1,412,06].26 Sap -12 2,646,309.32 3,486,749.45 (47,478.80) 792,961.33 2,205,018.59 Oct -12 2,595,375.45 2,389,147.98 (48,781.28) (255,008.75) 1,950,019.84 Nov -12 2.744,817.28 2,740,129.47 (22,566.16) (2],253.9]) 1,922,]65.87 Dec -12 2,868,712.69 2,987,105.82 (68,965.36) 49,427.77 1,9]2,193.64 Tan -13 2,523,166.59 3,076,267.45 (70,691.63) 482,409.23 2,954,602.8] Fab -13 3,39],709.]9 3,030,833.21 (77,841.37) (444,717.95) 2,009,884.92 MI -13 2,393,560.37 2,979,311.50 (116,734.96) 469,016.17 2,478,901.09 Ap,13 2,220,542.42 2,695,077.57 (113,103.56) 361,431.59 2,840,332.68 May -13 2,289,286.11 1,260,618.34 (17,730.28) (46,398.05) 2,]93,934.63 1 9 (14) vw o gi RN80Ri FOR PIBG YNAR E L YIRR XOING JNNe, 101] c (15) 13 e0D TOTAL JOL la ADO 12 88r Ix OC[ Ix OV 12 D8C L2 TAp 13 888 1] RAe 11 APe 1) MAY 1] 48N60AI RAARQA Opry RAL MAX XOm.N Re .Ae.A COgNNxm aewrxOxs TOTAL x.00 1.00 1.00 O.00 a.a0 1.00 1.00 3.00 1.00 1.00 x. o1 1.00 3.00 z.00 3.00 a. oo 1.00 1.00 3.00 1.00 l.00 l.aa 3.00 1.00 1.00 3.00 1.00 1.00 3.00 3.00 1.00 1.00 v. a0 1.00 1.00 l.00 3.Oo e.00 e. aA 4.00 4.00 e.y0 e.0o e.0a A.00 3.00 3.30 RVATRR88 OVNtZNE CO6SONee 88FVIC8 .ORF IN WTION T. nI SCeLL.V -A TOTAL 1.00 6.]5 1.00 ].00 L]5 6.00 1.00 1.00 i]5 6.00 1.00 1.00 ).]s 6.00 1.00 3.00 Lls 6.00 1.00 3.00 ].]5 6.00 A.00 ].00 ].]5 6.00 1.00 1.00 6.00 1.00 1.00 6.00 1.00 1.00 6.00 1.00 3.00 6.00 3.00 ].00 ]. ]5 6.00 1.00 16.]5 16.]5 I6.]5 16.]s 16.]s 36.)s 16.)s 16.]5 18.]5 36.]5 16.1s 1].00 8NOI368BIHO11 Z A.OAS 30Y ecO WOxnea8xN0 Ntxn TOTAL 2.00 s.00 21.00 4.00 e.EO 2.00 s.0o a1.0o 3.00 A.00 3.00 S. oo 21.00 3.00 e.00 1.00 s.00 2.00 3.00 e.oy 3.00 s.o0 2.00 3.00 9.00 l.11 s.o0 13.00 1.00 fi.00 x.00 S.oa 21.00 ).00 e.oG z.o0 s.0a 21.00 ).00 a.o0 3.11 21.00 3.00 e.oa x.00 5.o0 21.00 3.00 fi.GO 1.00 s.00 74.00 3.00 e.00 3.00 s.00 21.00 3.00 e.0o 39.00 39.00 30.00 39.00 ]8.00 78.00 39.00 )9.00 19.00 39.00 19.00 40.00 SAOTS¢ yp3N0 Dttl83w nN exre 1.00 x.00 1.00 3.00 1.00 x.00 x.80 2.00 2.00 2.00 a.0o 2.00 x.00 2.00 z. 80 2.Oa x.00 2.30 x.00 1.00 v.00 1.00 z. 00 2.00 TAAARPOeTASIOx YT6RIAL8 XDXT ..L 4.00 ).00 4.00 4.00 4.00 4.00 4.00 4.00 A.00 4.00 4.00 4.00 •.00 6.00 8.00 9.00 A. 00 0.00 e.00 e.00 e.00 9.00 9.00 9.00 MAW SERVI 6N TRW C86 TOTAL 5.50 A. AO 4.50 4.50 4.50 4.50 4.80 5.50 5.50 4.50 4.50 4.50 4. so 4.s0 4.50 4.50 4.50 ..so 5.50 s. so 4. so 4.so s.so RID.O TOTAL 74150 ]D.as n.zs ]1.zs nas n.as u.as n.as ]3.21 ]1.y ]l as n.ls ®vEA z .L voo :.00 2.00 x.00 zoo zoo a. oo 2.00 z.00 2.00 2.00 1. as x. oo :.00 l.00 x. oo z.o0 a. oo z.00 x.00 2.00 z.00 x. oo z.oa O3An0 TOTAL 1111 72.25 73.35 73.35 13.2s 73.15 74.25 ]5.15 ]s. ]5 ]3.15 ]3.]5 73425 c (15) RMLD BUDGET VARIANCE REPORT FOR PERIOD ENDING MAY 31, 2013 DIVISION ACTUAL BUDGET VARIANCE CHANGE ENGINEERING AND OPERATIONS 3,967,130 3,805,759 161,372 4.24% ENERGY SERVICES 1,141,763 1,155,603 (13,841) -1.20% GENERAL MANAGER 894,193 799,282 94,911 11.87% FACILITY MANAGER 3,461,185 3,532,842 (71,657) -2.03% BUSINESS DIVISION 8,567,107 8,441,951 125,156 1.48$ SUB -TOTAL 18,031.378 17,735 437 295,941 1.67% PURCHASED POWER - BASE 25,609,012 27,474,550 (1,865,538) -6.79% PURCHASED POWER - FUEL 30,839,807 28,231,610 2,608,197 9.24% TOTAL 74,480,196 73,441 597 1,038 599 1.41% 0 LL E IFJ U 0 . § | || )�� §��, |'| § |�| !|�; !|�| ! |�■ |�! || To k §! §| qt §�\ j !• ��| ! I I I I I § , !| |� ||| || e \ | f \ . . !• ��| ! I I I I I § , !| |� ||| || El e • lFrom: Kevin Sullivan Sent Tuesday, May 28, 2013 8:31 AM To: RMLD Board Members Group Cc Jeanne Foti Subject FW: Account Payable Questions - May 24 Below are the answers to the A/P questions received this week. .oe.1.cSaVUxI. Reading Municipal Light Department Interim General Manager From: 3eanne Fotl Sent: Tuesday, May 28, 2013 6:27 AM To: Kevin Sullivan Subject: Account Payable Questions - May 24 Stempeck 1. Office Paper Recovery System — Is this solar array up & running? AVN ® Response: Office Paper Recovery's solar array Is up and running. Signed off by wire inspector on May 14, 2013 2. 1CM Realty — Is It common practice for renters to pay real estate taxes? — Not included In the rent?? Response: The lease agreement states that WILD will pay for 26% of the Real Estate taxes, see agreement dated 7/15/94 section "RENT" listing RMLD's financial responsibilities. 3. Sullivan -$400+ per tire? Specialized? 4. Response: These tires are for one of the line trucks and cost more than a tire for a standard vehicle. Sullivan tire is on the State bidders list meaning the state has negotiated competitive pricing which we leverage. Jeanne Foti Reading Municipal Light Department Executive Assistant 230 Ash Street Reading, MA 01867 781 - 942 -6434 Phone 781 - 942 -2409 Fax t%se consider the environment before printing this e-mail. W - . Fott From: Jeanne Foti Sent: Wednesday, June 19, 2013 10:33 AM To: RMLD Board Members Group Subject: Account Payable Warrant and Payroll - No Questions Good morning In order to save paper in the upcoming Board Books on the Account Payable Warrant and Payroll there were no questions for the following: Account Payable Warrant —No Questions ' May 31, June 7, June 14 Payroll — No Questions June 3 and June 17 Thanks. Jeanne Foti Reading Municipal Light Department Executive Assistant 230 Ash Street Reading, MA 01867 781 - 942 -6434 Phone 781- 942 -2409 Fax Please consider the environment before printing this e-mail