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Home My WebLink About2012-11-01 RMLD Board of Commissioners Packet1 L L W a O J F wL `W Ar•1 E i. 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ENERGY The RMLD's total metered load for the month was 58,537,450 kwh, which is a 3.84% decrease from the September, 2011 figures. Table I is a breakdown by source of the energy purchases. TABLE 1 ATTACHMENT 2 Amount of Cost of % of Total Total $ $ as a Resource Energy Energy Energy Costs % (kWh) (s /Mwh) Millstone k3 3.518.286 $699 6.00% $24,584 0.93% Seabrook 2.234,428 $8.12 3.81% $18,153 0.69% Slonybrook Intermediate 1,036,682 $50.59 1 77% $52450 1.98% JP Morgan 6,282.400 $56.30 10.71% $353,703 13.37% NeAEra 10,239,000 $43.91 17,46% $449,613 16.99% NYPA 1,631,959 $4.92 2.78% $8.029 0.30% ISO Interchange 13.869,230 $40.95 23.65% $567,960 21.46% NEMA Congestion 0 $0.00 0.00% - $4,591 -0.17% Coop Resales 96.061 $131.87 0.16% $12,667 048% MacQuane 18.656,000 $57.48 31.82% $1,072,399 40.52% Summit Hydro 279,494 $3,83693 0.48% $15376 0.60% Braintree Watson Unit 254,353 $59.61 043% $15,163 0.57% Swift River Projects 436.206 $98.62 0.74% $43,020 1.63% Stonybrook Peaking 99,377 $174.91 0.17% $17.382 0.66% Monthly Total 58,633,476 $45.13 100.00% 52,646.309 100.00% ATTACHMENT 2 Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT • Net Energy for the month of September, 2012, ISO DA LMP • Table 2 Amount Cost %of Total Resource of Energy of Energy Energy (kWh) ($ /Mwh) ISO DA LMP • 13,494,119 39.76 23.01° Settlement Total Cost $ RT Net Energy" 375,111 63.63 0.64% Settlement 51.68 ISO Interchange 13,869,230 40.95 23.65% (subtotal) 7,742 • Independent System Operator Day -Ahead Locational Marginal Price •' Real Time Net Energy 25.63% CAPACITY The RMLD hit a demand of 129,569 kW, which occurred on September 7, 2012 at 5 pm. O The RMLD's monthly UCAP requirement for September, 2012 was 210,645 kWs. Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements. Table 3 Source Amount (kWs) Coat ($11,W- month) Total Cost $ % of Total Cost Millstone #3 4,991 51.68 $257,959 16.74% Seabrook 7,742 51.02 $394,961 25.63% Slonybrook Peaking 24,981 2.00 $49,922 3.24% Stonybrook CC 42,925 3.85 $165,455 10.74% NYPA 4,019 3.57 $14,347 0.93% Hydro Quebec 4,584 4.29 $19,668 1.28% Ne #era 60,000 5.50 $330,000 21.42% Braintree Watson Unit 10,520 10.57 $111,187 7.22% ISO -NE Supply Auction 50,883 3.88 $197,324 12.81% Total 210,645 $7.31 $1,540,823 100.00% • • Table 4 shows the dollar amounts for energy and capacity per source. Last Year Peak Demand (kW) 129.569 153,945 124.448 Energy (kWh) Table 60.207,277 Cost of $2,646,309 $3,578,611 $2,914,869 Capacity (1) $1,540,823 $1,520.844 % of And of Energy Power Resource Energy Capacity Total cost Total Cost (kWh) ($*Wh) Millstone 03 $24,584 $257,959 $282,543 6.75% 3,518,286 0.0803 Seabrook $18,153 $394.961 $413,115 9.87% 2,234,428 0.1849 Stonybrook Intermediate $52,450 $165.455 $217,905 5.20% /,03E682 0.2102 Hydro Quebec $0 $19.668 $19.666 0.47% - 0.0000 JP Morgan $353,703 $0 $353,703 8.45% 6,282,400 0.0563 NextEra $449,613 $330.000 $779,613 18.62% 10,239,000 0.0761 ' NYPA $8,029 $14.347 $22,376 0.53% 1,631,959 0.0137 ISO Interchange $567,960 $197.324 $765,285 18.28% 13,869,230 0.0552 Name Congestion - $4,591 $0 34,591 -0.11% - 0.0000 MacQuarie $1,072,399 $0 $1,072,399 25.61% 18,656,000 0.0575 Summit Hydro $15,776 $0 $15,776 0.38% 279,494 0.0564 Braintree Watson Unit $15,163 $111.187 $126,349 3.02% 254,353 0.4967 y Swift River Projects $43.020 $0 $43,020 1.03% 436,206 0.0986 Coop Resales $12.667 $0 $12,667 0.30% 96,061 0.1319 Stonybrook Peaking $17.382 $49,922 $67,304 1.61% 99,377 06773 Monthly Total $2,646.309 $1,540,823 $4,187,132 100.00% 58,633,476 0.0714 Renewable Resources • TRANSMISSION The RMLD's total transmission costs for the month of September were $979,543. This is a decrease of 8.07% from the August transmission cost of $1,065,565. In September, 2011 the transmission cost were $778,431. Table 5 Current Month Last Month Last Year Peak Demand (kW) 129.569 153,945 124.448 Energy (kWh) 58,633.476 75,020.822 60.207,277 Energy (S) $2,646,309 $3,578,611 $2,914,869 Capacity (1) $1,540,823 $1,520.844 $1424,726 Transmission ($1 $979.543 $1,065,565 $778.431 Total $5,166,675 $6,165.020 $5,118.027 | � ) ) |{ / f| \ / \ \ ] � l � � ! } ! ! :. .. .. � •! \. .. .. . .\ !!� ,,. . }\ \\ \\ | ma ReR! ! IIZ�lI! :; ! ! ! ; ;, ! .,,,,•. | || �■ || °eRe, ] � l � � ! } ! 0 0 [] !!� ma ReR! ! IIZ�lI! :; �� •1 ; ;, .,,,,•. °eRe, ! ....... ,..,.l. !: `., :.•! RRe, �RRR! 0 0 [] • READING MUNICIPAL LIGHT DEPARTMENT To: Vinnie Cameron Date: October 19, 2012 From: Jane Parenteau WilliamSeldon f/k Subject: Concord Steam Contract Amendment Concord Steam has provided an Amendment #1 to the Unit Contingent Power Contract between Reading Municipal Light Department and Concord Power and Steam, LLC. The major component of the Amendment is to grant Concord Power and Steam, LLC an extension of the Commercial Operation Date (COD) from December 31, 2013 to September 30, 2014. RMLD has negotiated a revenue credit as part of the Amendment. • As a project update, Concord Power and Steam, LLC has signed with an investor /construction company who is in the process of funding the project and ordering all of the major equipment. The bank is requesting an extension of the COD; however, Concord Steam continues to target the end of 2013 as the start date. It is our recommendation that RMLD sign the amendment. • Revision No. I RMLD Policy No, Effective Date General Manager Sustainable Energy Policy DRAFT Review Date Per Board Vote Chairman/Date I. PURPOSE A. To develop a practical approach to addressing the need for sustainable energy alternatives that are energy efficient while simultaneously balancing power supply costs. B. To establish general guidelines that promote practical, cost efficient sustainable energy alternatives. II. RESPONSIBILITIES A. RMLD Commission 1. Responsible for approving this policy. 2. Representation for the Board of Commissioners is governed by RMLD Policy #19 as revised. B. RMLD Power & Rate Committee 1. Review all RMLD recommended sustainable energy alternatives and ensure that they meet the policy guidelines. C. General Manager 1. Responsible for implementing this policy. D. Energy Services Division 1. Responsible for assisting the General Manager in implementing this policy and associated activities. 2. Responsible for presenting the General Manager with projects that staff has determined meet the criteria of this policy. 3. Responsible for evaluating and overseeing the projects necessary to achieve the goals of this policy. A Policy #1, Revision I DRAFT Page 2 III. POLICY ELEMENTS A. The RMLD is striving to develop a practical approach to addressing the need for sustainable energy alternatives while simultaneously balancing power supply costs. Sustainable energy meets the needs of the present without compromising future generations. RMLD shall use G.L. c. 25A to define qualifying sustainable generating sources. G.L. c. 25A §11F(b) states that a "renewable energy generating source is one which generates electricity using any of the following: (1) solar photovoltaic or solar thermal electric energy; (2) wind energy; (3) ocean thermal, wave or tidal energy; (4) fuel cells utilizing renewable fuels; (5) landfill gas; (8) waste - to-energy which is a component of conventional municipal solid waste plant technology in commercial use; (7) naturally flowing water and hydroelectric; (8) low emission advanced biomass power conversion technologies using fuels such as wood, by- products or waste from agricultural crops, food or animals, energy crops, biogas, liquid biofuel including but not limited to biodiesel, organic refuse -derived fuel, or algae; or (9) geothermal energy." A facility that converts one of the foregoing fuel or energy resources to energy is referred to as a "Renewable Generation Unit" B. The RMLD will review the power supply portfolio from time to time with the intention of meeting specific sustainability target percentages. Specifically RMLD will strive to reach 15 percent sustainability by 2015, 20 percent sustainability, by 2020 and 25 percent sustainability, by 2025. These target dates will be reviewed by the RMLD Board of Commissioners every three years. C. The RMLD will analyze . sustainable power supply projects with a competitive average power supply cost and positive environmental impacts. Only projects that meet this criterion will initially be brought to the General Manager for further review. 0. In the interest of providing RMLD ratepayers with sustainable energy that is cost effective the RMLD shall have the ability to market all or a portion of the RECs from any given potential project until the target date deadline or an RIPS becomes applicable to the RMLD. At such time the RECs will be retired up to the target amount. E. If Massachusetts law requires the RMLD to Participate in Massachusetts Renewable Portfolio Standard (RPS) the RMLD will review and make required adjustments to this policy and the RMLD's power supply portfolio. READING MUNICIPAL LIGHT DEPARTMENT FY 13 CAPITAL BUDGET VARIANCE REPORT FOR PERIOD ENDING SEPTEMBER 30, 2012 ® ATTACFQNENT 3 ACTUAL YTDACTlJAL ANNUAL COST COST BUDGET REMAINING If PROJECT DESCRIPTION TOWN SEPTEMBER THRU 97!0113 AMOUNT BALANCE ESO C d1 5 P i % 1 Essex Street- Reconducloriny LO 197,055 19,855 2 4W13011Reconductoring Well SVeel W 3,020 3,820 100,193 164,365 3 UpgreEing of Old Lynnfieltl Center URDs(Partal CARRYOVER) LC 10,507 70,952 492,143 413,191 5 Shady Lane Area- Rewndudorhg W 184 199,042 198,058 6 Federal Street - Rewndudonng W 863 175,565 174,702 Tonal System Projects Station Upgrades Station k4 8 Relay Replacement Project - (PaNal CARRYOVER) R 119,309 119,309 9 Station 4 Getaway Replacement -4W13 R 4,430 161,779 157,349 Total Station Projects SCADA Prolacls 10 Slaton 5 RTU (Remote Terminal Unit) Replacement W 56.103 56,163 4 Station 4 RTU(Remote Terminal Unit) Replacement(Parsal CARRYOVER) R 5.002 18.369 ill 02,284 Total SCADA Projects New Customer Service Cg ..actions 12 Serviw lnsttella0ons- CommemiallinclusVlal Customers ALL 4,171 63,074 50,903 13 Serviw installation Residential Customers ALL 15.042 57,217 207,923 150.706 Total Service Connections riAlOn 14 Routine COtine o8on ALL 228,386 510,089 980,211 472,128 Q Various Routine 90n Total Contraction Projects 269.544 gal 2.929.910 2245,812 Other Pro nets 7716 23.155 97.495 74340 15 GIS 16 Tmnsf000ereCapadtors Annual PUmhases 59,882 98.084 204,000 165.916 17A Meter Annual Purchases 49710 49.710 ITS War Upgrade Proled - (Pretal CARRYOVER) 45,153 294,150 564,416 270,285 17C Meler Upgrade Project - Commander 551,053 551,853 65,000 65,000 18 Purdlaw Vehicles 203,490 570,000 388,610 19 Purcase Line Department Vaud. 12.000 12,000 20 Purchase New Pole Dolly 150000 150,000 21 Automated Building Systems 76,789 76.789 22 Engineenng Analysis aoflware It Eats wmersion - (CARRYOVER) 55,000 55,000 23 Dow Sta5on Generator 400,000 4110,000 24 CapBal Repairs - Sharon One 35000 35,000 25 New Carwting 624 624 336.611 335.987 26 Water Heater Demand Response Technology 2,230 22,154 126,629 101,475 27 Hardware Upgrades 6.170 16148 118,002 10,856 20 SoBware and Owning Total Other Projects 121.785 659,803 34935115 2,833,702 TOTAL FY 13 CAPITAL PROJECT EXPENDITURES 391.330 1343,901 C'23.4165.079,514 ® ATTACFQNENT 3 Reading Municipal Light Department Engineering and Operations Monthly Report September 2012 FY 2013 Capital Plan E &O Construction — System Projects 1. Reconductoring of Essex St. Lynnfield Ctr.— No activity. 2. 4W13 OH Reconductoring Project, West St., Wilmington —Engineering Labor. 3. Upgrading of Old Lynnfield Center URDs — (Continuation of phase 1) Engineering labor. Underground Crew —Energized new underground primary cables and started cutting over new services; pulled in sections of service cable; landed neutrals in manhole and prep feeder cables; installed pull boxes and permanent connections. 5. Shady Lane Drive Area, Wilmington — Reconductoring — No activity 6. Federal Street, Wilmington — Reconductoring — No activity Station Upgrades 6. Station 4 Relay Replacement Project — Reading — No activity 9. Station 4 Getaway Replacement — 4W1 3 — No activity SCADA Proiec[s 10. Station 5 RTU Replacement, Wilmington —No activity 4. Station 4 RTU Replacement — Senior Tech labor; Underground Crew labor, database and graphics (software) for new RTU was received. 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 replacement/installations, primary or secondary cable replacemenUinstallations etc. This portion of the project comes under routine construction. No notable services this month. 13. Service Installations —Residential Customers —This item includes new or • upgraded overhead and underground services, temporary overhead services, and large underground development. 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 $68,003 Maintenance Overhead/Unde round $211,909 Projects Assigned as Required $39,713 Pole Damage includes knockdowns some reimbursable $20,404 Station Group $14,199 Hazmat/Oil Spills $0 Porcelain Cutout Replacement Program $0 Lighting Street Light Connections $5,575 Storm Trouble $32,041 Underground Subdivisions $33,791 Animal Guard Installation $17,115 Miscellaneous Capital Costs $73,333 TOTAL $516,083 'In the month of September, zero (0) cutouts were charged under this program. • Approximately 23 cutouts were installed new or replaced because of damage making a total of 23 cutouts replaced this month. El 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/ Total number of customers interrupted. RMLD 12 month system average outage duration — 62.00 minutes RMLD 4 year average outage (2006 -2009) — 50.98 minutes per outage On average, RMLD customers that experience an outage are restored in 62.00 minutes. 120.00 P 100.72 C 100.00 88.89 _ 78.30 It W 80.00 9 65.57 C 60.00 O 40.00 V 20.00 0.00 t Monthly minutes per outage — • RMLD 12 month system average outage duration 62.00 RMLD 4 year average outage duration 50.98 (2006 -2009) System Average Interruption Frequency (SAIFI) — Measures how many outages each customer experiences per year on average. J SAIFI = Total number of customer's interrupted /Total number of customers. RMLD 12 month system average - .33 outages per year RMLD 4 year average outage frequency - .82 The graph below tracks the month -by -month SAIFI performance 0.90 0.60 0.70 Y 9 y 0.60 C Z 0.50 T °c 0.40 Y d 0.30 L 0.20 0.10 0.00 ^^ I ^^ ^ry ^ti I 0 0 ^ry 0 try .may ^ry or 10 � °° —� RMLD monthly outage frequency • RMLD 12 month system average outage frequency .33 RMLD 4 year average outage frequency .82 (2006 -2009) Months Between Interruptions (MBTI) Another view of the SAIFI data is the number of months Reading customers have no interruptions. At this time, the average RMLD customer experiences an outage approximately every 36 months. 4 • PW�= Dt: October 24, 2012 To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti Fr: Bob Fournier Sj: September 30, 2012 Report The results for the first three months ending September 30, 2012, for the fiscal yew 2013 will be summarized in the following paragraphs. 1) Change in Net Assets: (Page 3A) For the month of September, the net income or the positive change in net assets was $2,028,703, increasing the year to date net income to $2,538,492. The year to date budgeted net income was $595,450, resulting in net income being over budget by $1,943,041 or 326.31 %. Actual year to date fuel expenses exceeded fuel revenues by $65,016. 2) Revenues: (Page 11B) Yew to date base revenues were under budget by $58,921 or 0.44 %. Actual base revenues were $13.4 million compared to the budgeted amount of $13.5 million. 3) Expenses: (Page 12A) *Year to date purchased power base expense was under budget by $835,163 or 9.67 %. Actual purchased power base costs were $7.8 million compared to the budgeted amount of $8.6 million. *Year to date operating and maintenance (O &M) expenses combined were under budget by $480,421 or 15.54 %. Actual O &M expenses were $2.6 million compared to the budgeted amount of $3.1 million. *Depreciation expense and voluntary payments to the Towns were on budget. 4) Cash: (Page 9) *Operating Fund was at $11,441,830. • Capital Fund balance was at $4,209,849. • Rate Stabilization Fund was at $6,683,641. • Deferred Fuel Fund was at $2,205,028. • Energy Conservation Fund was at $371,427. 5) General Information: Year to date kwh sales (Page 5) were 208,521,058 which is 6.3 million kwh or 3.13 %, ahead last year's actual figure. GAW revenues collected ytd were $208,347 bringing the total collected since inception to $1,505,433.31. ® 6) Budget Variance: Cumulatively, the five divisions were under budget by $476,383 or 9.70 %. ATTACHMENT 4 FINANCIAL REPORT SEPTEMBER 30, 2012 ISSUE DATE: OCTOBER 24, 2012 4 ASSETS CURRENT UNRESTRICTED CASH RESTRICTED CASH RESTRICTED INVESTMENTS RECEIVABLES, NET PREPAID EXPENSES INVENTORY TOTAL CURRENT ASSETS NONCURRENT INVBSTMENT IN ASSOCIATED CO CAPITAL ASSETS, NET TOTAL NONCURRENT ASSETS TOTAL ASSETS TOW OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEDIENT OF NET ASSETS 9/30/12 PREVIOUS YEAR CURRENT YEAR (SCH A P.9) 7,]27,33].64 CQAACCO ACCOUNTS 11,444,830.39 CQST ONER DEPOSITS (SCH A P.9) 17,431,801.95 ACCRUED LIABILITIES 19,639,949.68 TOTAL CURRENT LIABILITIES (BCH A P.9) 2,200,000.00 BONDS PAYABLE, NET OF CURRENT PORTION 0.00 ACCRUED EMPLOYEE COMPENSATED ABSENCES (BCH B P.10) 8,618,731.67 9,405,647.09 0.00 (BCH B P.30) 1,184,582.49 2,934,698.50 1,669,804.18 3,982,915.76 2.939,698.58 1,589,568.46 2,982,915.76 1,449,331.83 3 8.753.033.31 43.609.463.17 (SCH C P.2) (SCH C P.2) TOTAL LIABILITIES NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEST RESTRICTED FOR DEPRECIATION FUND (P.9) ONRSSTRICT® TOTAL NET ASSETS (P.3) TOTAL LIABILITIES AND NET ASSETS (1) 73,765.66 61,574.36 67,544,552.06 69,277,575.61 6].616,31].]2 69.339.149.97 106,3]1.339.93 332.948,613.19 5,797,210.38 LIABILITIES tar CQAACCO ACCOUNTS 575,304.34 CQST ONER DEPOSITS 581,105.60 CUSTOMER ROMANCES ADVANCES FOR CONBTRQCTION 307,309.94 ACCRUED LIABILITIES 388,559.17 TOTAL CURRENT LIABILITIES 1,219,183.70 NONCONES"" 1,012,646.43 BONDS PAYABLE, NET OF CURRENT PORTION 7.099,008.36 ACCRUED EMPLOYEE COMPENSATED ABSENCES 10.893.145.77 TOTAL NONCURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEST RESTRICTED FOR DEPRECIATION FUND (P.9) ONRSSTRICT® TOTAL NET ASSETS (P.3) TOTAL LIABILITIES AND NET ASSETS (1) 73,765.66 61,574.36 67,544,552.06 69,277,575.61 6].616,31].]2 69.339.149.97 106,3]1.339.93 332.948,613.19 5,797,210.38 8,110,834.57 575,304.34 581,105.60 307,309.94 388,559.17 1,219,183.70 1,012,646.43 7.099,008.36 10.893.145.77 0.00 0.00 2,934,698.50 3,982,915.76 2.939,698.58 2,982,915.76 13,876,061.53 10,833.706.94 67,544,522.06 69,277,575.61 4,316,536.39 3,553,746.93 13,676,544.54 26,241,227.07 95.537,631.99 99.072.551.61 106.371,339.93 111.946.613.14 TOWN OF READING, MASSACHOSRTTS MUNICIPAL LIGHT DEPARTMENT NONCURRENT ASSET SCHEDULE 9/30/12 SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES NEW ENGLAND HYDRO ELECTRIC NEW ENGLAND HYDRO TRANSMISSION TOTAL INVESTMENTS IN ASSOCIATED CO"ANIES SCHEDULE OF CAPITAL ASSETS LAND STRUCTNRES AND IMPROVEMENIS EQUIPMENT AND FURNISHINGS INFRASTRUCTURE TOTAL CAPITAL ASSETS, NET TOTAL NONCURRENT ASSETS M 1,265,842.23 6,537,440.54 12,875,656.15 46,865,413.14 67544,552.06 67.618.317.72 1,265,842.23 SCHEDULE C 6,605,437.16 PREVIOUS YEAR CURRENT YEAR 15,747.64 2,975.74 48,984,704.88 58,018.02 58,598.62 73,765.66 61.574.36 1,265,842.23 6,537,440.54 12,875,656.15 46,865,413.14 67544,552.06 67.618.317.72 1,265,842.23 6,605,437.16 12,341,591.34 48,984,704.88 69,277,575.61 69.339,199.97 F] OPERATING RTPEN989: (SCH E P.12) PURCHASES POWER BASE PURCHASED POWER PURL OPERATING WAINTENANCH DEPRECIATION VOLUNTARY PAYlERT9 TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCONE (M6PERATING RN8N085 (EXPENSES) CONTRIBDTIONB IN AID OF CONST BITTEN ON INVESTMENT TO READING INTEREST INCONE INTEREST EXPENSE OTHER (NDSE AND SNORT) TOTAL NONOPBRATINO REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF SDPTE3®ER ],5]2,109.25 TONE OF READING, MASSACHUSETTS 2,520.662.39 7,242,073.39 7,800,416.79 7.71% MUNICIPAL LIGHT DEPARTIOWT 2,914,869.40 2,646,309.32 10,841,874.20 9,806,635.80 BUSINESS -TYPE PROPRIETARY POND -9.55% 687,339.16 607,564.45 STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FIND NET ASSETS -1.59% 242,756.88 158,093.78 9/30/12 603.341.53 458,820.32 - 32.86% 296,027.47 MONTH NORTH LAST YEAR 888,OB2.41 CURRENT YEAR 916,407 ITS t 3.19% LAST YEAR CURRENT YEAR TO DATE 114,000.00 TO DATE 339,000.00 CHANGE OPERATING REV6NOES: (SCH D P.11) 0.88% BASE REVENGE 4,101,465.06 4,657,037.84 13,100,940.10 13,449,113.84 2.59% FUEL REVENUE 3,166,562.64 3,486,749.45 11,140,049.89 9.894,571.41 - 11.19% PURCHASED POWER CAPACITY (12,035.17) 2]],443.57 (38,418.36) 631,177.04 - 1742.90% FORFEITED DISCOUNTS 90,305.27 93,328.33 ]58,929.]0 278,089.48 7.71% ENERGY CONSERVATION REVENUE 43,651.05 72,361.13 139,459.33 205,304.34 47.21% SAN REVENUE 63,342.2E 73,418.73 ]02,]20.72 200,347.42 3.03% NITA CREDIT (58,869.90) (47,478.80) (190,362.29) (152.951.50) - 19.65% TCTAL OPERATING REVBNS88 7,394,421.23 0,557,860.25 24,621,610.67 24,514,452.03 -0A4% OPERATING RTPEN989: (SCH E P.12) PURCHASES POWER BASE PURCHASED POWER PURL OPERATING WAINTENANCH DEPRECIATION VOLUNTARY PAYlERT9 TO TOWNS TOTAL OPERATING EXPENSES OPERATING INCONE (M6PERATING RN8N085 (EXPENSES) CONTRIBDTIONB IN AID OF CONST BITTEN ON INVESTMENT TO READING INTEREST INCONE INTEREST EXPENSE OTHER (NDSE AND SNORT) TOTAL NONOPBRATINO REV (EXP) CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF SDPTE3®ER ],5]2,109.25 2,520.662.39 7,242,073.39 7,800,416.79 7.71% 2,914,869.40 2,646,309.32 10,841,874.20 9,806,635.80 -9.55% 687,339.16 607,564.45 2,187,560.56 2,152,869.97 -1.59% 242,756.88 158,093.78 603.341.53 458,820.32 - 32.86% 296,027.47 305,469.18 888,OB2.41 916,407 -54 3.19% 113.000.00 114,000.00 339,000.00 _ 34] 000.00 0.88% 6,776,102.16 6,352,089.11 22,181,932.09 21,477,150.42 -3.10% 618,319.07 2,205,771.14 2,439,686.58 3,037,301.61 24.50% 0.00 4,051.18 3,686.OD 36,746.75 096.93% (183,629.75) (188,785.50) (551,489.251 (566,356.74) 2.70% 30,315.40 2,970.63 35,306.56 9,612.94 - 72.77% (511.83) (]57.]0) (1,522.37) 1776.461 - 49.00% 2,585.00 4,953.18 8,383.00 21,963.52 162.00% 1151.441.181 (177,067.79) (505.636.06) (498.009.99) -1.35% 466,877.99 2,0]6,703.35 1,934,050.52 2,538,491.62 (3) 93,603,582.47 96,534,059.99 95.537.633.99 99.072,551.61 31.]5% 3.13% 3.70% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUSINESS -TYPE PROPRIETARY FUND STATEMENT OF REVENUES, EERINESS AND CHANGES IN FUND MET ASSETS 9/30/12 TOTAL OPERATING REVENUES 24,514,452.03 23,689,277.00 825,175.03 3.48% OPERATING EXPENSES: (SON G P.12A) PURCHASED POWER BASE ACTUAL BUDGET (835,163.21) % PURCHASE) POWER FUEL YEAR TO DATE YEAR TO DATE VARIANCE. CHANGE OPERATING REVENUES: (SON P P.11B) 1.10% OPERATING 2,152,069.97 2,451,175.00 (298,305.03) BASE RNENUE 13,449,113.04 13,506,035.00 458,820.32 (58,921.16) 640,937.00 -0.44% (182,116.68) PUEL REVENUE 9,094,571.41 9,033,027.00 916,407.54 061,544.41 912,501.00 9.54% 3,906.54 PURCHASED POWER CAPACITY 631,177.04 618,010.00 342,000.00 13,167.04 342.000.00 2.13% 0.00 FORFEITED DISCOUNTS 278,889.40 297,176.00 2,538,491.62 (18,286.52) 595,450.00 -6.15% 1,943,041.62 ENERGY CONSERVATION REVENUE 205,304.34 204,014.00 96,534,059.99 1,290.34 93,603,581.47 0.63% 2,930,477.52 GAW REVENUE 208,347.42 204,014.00 99 072,551.61 4,333.42 94,199.032.47 2.12% 4,073.519.14 NYPA CREDIT (152,951.50) (174,999.001 22,047.50 - 12.60% TOTAL OPERATING REVENUES 24,514,452.03 23,689,277.00 825,175.03 3.48% OPERATING EXPENSES: (SON G P.12A) PURCHASED POWER BASE 7,800,416.79 8,635,500.00 (835,163.21) -9.67% PURCHASE) POWER FUEL 9,006,635.80 9,699,633.00 107,002.80 1.10% OPERATING 2,152,069.97 2,451,175.00 (298,305.03) - 12.17% MAINTENANCE 458,820.32 640,937.00 (182,116.68) - 28.41% DEPRECIATION 916,407.54 912,501.00 3,906.54 0.43% VOLUNTARY PAYMENTS TO TOWNS 342,000.00 342.000.00 0.00 0.00% TOTAL OPERATING EXPENSES 21,477,150.42 22,681,626.00 (1,204,675.58) -5.31% • OPERATING INCOME 3,037,301.61 1,007,451.00 21029,850.61 201.48% • NONOPEMTINO REVENUES (EXPENSES) CONTRIBUTIONS IN AID OF CONST 36,746.75 100,000.00 (63,253.25) - 63.25% RETURN ON INVESTMENT TO READING (566,356.74) (566,250.00) (1O6.74) 0.02% INTEREST INCOME 9,612.94 24,999.00 (15,386.06) - 61.55% INVEST EXPENSE (776.46) (750.00) (26.46) 3.53% OTHER (MISS AND AMORT) 21,963.52 30,000.00 (8,036.48) - 26.79% TOTAL MONOPERATING RSV (SAP) (498.809.99) 1413.001.001 (06,808.99) 21.07% CHANGE IN NET ASSETS 2,538,491.62 595,450.00 1,943,041.62 326.31% "I ASSETS AT BEGINNING OF YEAR 96,534,059.99 93,603,581.47 2,930,477.52 3.13% MET ASSETS AT END OF SEPTEMBER 99 072,551.61 94,199.032.47 4,073.519.14 5.17% ( ) = ACTUAL UNDER BUDGET (3A) 0 11 k TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT RECONCILIATION OF CAPITAL FUNDS 9/30/13 SOURCE OF CAPITAL FUNDS: DEPRECIATION FOND BALANCE 7/1/13 3,635,105.70 CONSTRUCTION FUND BALANCE 7/1/11 3,000,000.00 INTEREST ON DEPRECIATION FOND FY 13 1,135.69 DEPRECIATION TRANSFER FY 13 916.407.54 TOTAL SOURCE OF CAPITAL FUNDS 5,553,748.93 USE OF CAPITAL FUNDS: LESS PAID ADDITIONS TO PLANT THRU SEPTEMBER 1,343,899.60 GENERAL LEDGER CAPITAL FUNDS BALANCE 9/30/1E 4.109.049.15 to TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SALES OF KILOWATT HOURS 9/30/12 • fa 151 MONTH NDNTH LAST YEAR CURRENT YEAR YTD % SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 23,653,277 28,615,201 77,935,215 82,233,730 5.51% C06T6. AND INDUSTRIAL SALES 37,199,621 42,247,434 116,603,493 118,741,155 1.77% PRIVATE STREET LIGHTING 73,370 72,942 218,948 219,287 0.15% TOTAL PRIVATE CONSUMERS 60.926.268 70.935.577 194,827,656 201.193.173 3.27% MUNICIPAL SALES: STREET LIGHTING 339,052 237,606 717,156 712,778 -0.61% MUNICIPAL BUILDINGS 812,997 894,308 2,599,996 2,566,286 -1.30% TOTAL MUNICIPAL CONSUMERS 1.052.049 1.131.914 3.317.152 3.279.064 -1.15% SALES FOR RESALE 347,858 401,955 1,097,144 2,138,220 3.74% SCHOOL 11008,589 1,153,299 2,951,301 3,910,602 -1.38% TOTAL KILOWATT HOURS SOLD 63.334,764 73.622,745 202,193.253 208.521.058 3.13% • fa 151 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT KILOWATT HOURS SOLD BY TOWN 9/30/12 TOTAL READING LYNRPIELD NO.READING WILMINGTON C'{S�rV0 RESIDENTIAL 28,615,201 9,549,359 3,829,307 7,206,437 8,030,108 COMM R In 42,347,434 51314,198 337,189 6,566,433 30,039,614 PVT ST LIGHTS 72,943 13,585 1,360 21,144 36,653 PUB ST LIGHTS 337,606 00,536 32,500 40,043 84,527 MUNI SLOGS 694,308 307,901 169,272 187,511 329,614 SALES /RESALE 401,955 401,955 0 0 0 SCHOOL 1,153,299 405,428 350,316 139,080 358,475 TOTAL 73.622.745 15.973.963 4,619.944 14.160.618 30.869.191 YEAR TO DATE RESIDENTIAL 82,232,730 25,054,849 11,196,002 19,195,943 25,685,936 COME R IND 110,741,155 15,040,939 912,707 18,540,415 84,239,094 PVT ST LIGHTS 219,287 40,755 4,080 63,888 110,564 PUB ST LIGHTS 711,778 241,608 97,460 110,129 153,581 MUNI BIGGS 2,566,186 582,673 461,828 551,632 970,153 SALES /RESALE 1,138,210 1,138,220 0 0 0 SCHOOL 1,910,601 1,050,100 628,601 345,680 886,221 TOTAL 108.5]1.058 43.157.144 14.400,678 3 9,817, 687 132,145,549 LAST YEAR TO DATE RESIDENTIAL 77,935,115 24,113,703 11,478,165 18,008,378 24,224,969 COME 6 IND 116,673,493 14,794,516 943,005 18,195,005 82,640,967 PVT 8T LIGHTS 218,948 42,547 4,080 63,671 108,649 PUB ST LIGHTS 717,156 241,308 97,311 119,640 258,897 MUNI BLISS 2,599,996 584,131 447,921 549,066 1,018,770 SALES /RESALE 1,097,144 1,097,144 0 0 0 SCHOOL 1,951,301 1,067,095 686,203 350,400 847,603 TOTAL 102,193.153 42.050,544 13,65fi .685 37,386.161 109,099.863 KILOWATT HOURS SOLO TO TOTAL TOTAL READING LYNNPIELD NO. HEADING WILMINGTON MONTH RESIDENTIAL 38.87% 1.97% 5.10% 9.79% 10.91% COMM 6 I 57.38% 7 7.12% 0.% 8.93% 4 40.78% PVT ST LIGHTS HTS 0.10% 0.02% 0.0000% 0.03% 0.05% PUN 8T LICHEE 0.31% 0.11% 0.04% 0.05% 0.11% MDNI BLDOS 1.11% 0.18% 0.13% 0.15% 0.45% SALES/RESALE 0.55% 0.55% 0.00% 0.00% 0.00% SCHOOL 1.57% 0.55% 0.34% 0.398 0.49% TOTAL 100.00% ]1.70% 6.27% 19.23% 51.80% YEAR TO DATE RESIDENTIAL 39.43% 12.02% 5.90% 9.11% 12.30% CUM[ A IND 56.94% 7.12% 0.44% 8.89% 40.39% PVT ST LIGHTS 0.11% 0.02% 0.00% 0.03% 0.06% PUB ST LIGHTS 0.34% 0.12% 0.05% 0.06% 0.11% MINI SLIDE 1.23% 0.28% 0.22% 0.26% 0.47% SALES /RESALE 0.55% 0.55% 0.00% 0.00% 0.00% SCHOOL 1.40% 0.50% 0.30% 0.17% 0.43% TOTAL 100.00% 10.71% 6.91% 10.62% 53.76% LAST YEAR TO DATE RESIDENTIAL 38.55% 3.98% 5.68% 8.91% 11.98% COMM R LNG 57.70% 7 7.31% 0.47% 9.05% 40.86% PUT ST LIGHTS 0.31% 0.01% 0.00% 0.03% 0.06% PUN ST LIGHTS 0.25% 0.11% 0.05% 0.06% 0.11% (_e NUNI BLESS 1.19% 0.19% 0.11% 0.17% 0.51% SALES /RESALE 0.54% 0.54% 0.00% 0.00% 0.00% SCHOOL 1.46% 0.53% 0.34% 0.17% 0.92% TOTAL 100.00% 20.80% 6.76% 18.49% 53.95% 161 TOM OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT FORMULA INCOME 9/30/12 TOTAL OPERATING REVENUES ADD: POLE RENTAL LESS: (P. 3) 24,514,452.03 INTEREST INCOME ON CUSTOMER DEPOSITS OPERATING EXPENSES (P.3) CUSTOMER DEPOSIT INTEREST EXPENSE PORN LA INCOME (LOSS) 0.00 406.54 (21,477,150.42) (776.46) 3.036,931.69 MCI • 40 TOW OF READING. MASSACHUSETTS MUNICIPAL LIGHT DEPART!ffiIT GENERAL STATISTICS 9/30/12 MONTH OF MONTH OE % CHANGE YEAR THRU SEP 2011 SEP 2012 2011 2011 SEP 2011 SEP 2012 SALE OF KNH (P.5) 63,334,764 73,622,945 -2.92% 3.13% 202,193,253 208,521,058 E PURCHASED 60,207,277 58,633,476 -1.85% 1.22% 105,052,461 209,546,400 AVE SASE COST PER ARE 0.041890 0.042990 0.82% 6.43% 0.035318 0.037584 AVE SASS SALE PER RNH 0.064759 0.063255 8.45% -0.52% 0.064034 0.064498 AVE COST PER RHH 0.090304 0.088123 -4.73% -3.019 0.088192 0.084834 AVE SALE PER END 0.114756 0.110615 5.50% -6.66% 0.119934 0.111949 FUEL CHARGE REVENUE (P.3) 3,166,562.64 3,486,749.45 -0.55% - 11.19% 11,140,049.09 9,894,571.41 LOAD FACTOR 66.27% 61.99% PEAK LOAD 124,440 129,569 4 (n N i �3 i �1r y 2r Ob 2r�On Cr ,4, rah 2r �y rr�h J '10 Oti rr J Jp y ri SS S rr� b rr �n rr�7n r��ry rryc�y ri h riSSy Or�h J Or �p or pry J Or Jp y Oi0S Ord b Or 0n 0"), r Or�yb 9 0r dy 01 00J ' O � � N SO JO U-) O In a� In O N �I U') N � O O C N O O O O 0 fn > N U 0 Yy 69- N Ef} _V �I} 4- 4— .Y.1 N i �3 i �1r y 2r Ob 2r�On Cr ,4, rah 2r �y rr�h J '10 Oti rr J Jp y ri SS S rr� b rr �n rr�7n r��ry rryc�y ri h riSSy Or�h J Or �p or pry J Or Jp y Oi0S Ord b Or 0n 0"), r Or�yb 9 0r dy 01 00J ' O � � N SO JO U-) O In O In O 00 !` U') N � O O O O O O O O O O O O Ef} (f), Yy 69- ffl Ef} 0 • 0 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF CASH AND INVESTMENTS 9/30/13 HCH8DOL6 A PREVIOUS YEAR CURRENT YEAR UNRESTRICTED CASH CASH - OPERATING FUND 7,334,331.64 11,441,830.39 CASH - PETTY CASH 3,000.00 3,000.00 TOTAL UNRESTRICTED CASH 3.333.333.64 11,444,830.39 RESTRICTED CASH CASH - DEPRECIATION POND 4,316,536.39 3,553,348.93 1,000,000.00 CASH - CONSTRUCTION POND 0.00 11000,000.00 656,100.32 0.00 CASH - TOWN PAYMENT 894,000.00 0.00 908,356.50 1.300.000.00 CASH - DEFERRED FUEL RESERVE 3,163,838.18 3,105,038.59 CASH - RATE STABILIZATION FUND 5,058,435.03 6,683,641.82 CASH - UNCOLLECTIBLE ACCTS RESERVE 100,000.00 100,000.00 CASH - SICE LEAVE BENEFIT$ 1,945,394.31 2,904.836.31 CASH - HAZARD WASTE RESERVE 150,000.00 150,000.00 CASH - CUSTOMER DEPOSITS 561,385.03 581,105.60 CASH - ENERGY CONSERVATION 130,788.18 331,433.19 CASH - OPEB 933,034.33 1,345,704.43 TOTAL RESTRICTED CASH 17,431,801.95 19.639.949.68 RESTRICTED INVESTMENTS RATE STABILIZATION 1,000,000.00 0.00 • SICH LEAVE BENEFITS 11000,000.00 0.00 ••• OPEN 300,000.00 0.00 TOTAL RESTRICTED INVESTMENTS 1.300.000.00 0.00 TOTAL CASH BALANCE 11.360.139.59 31.084.380.03 SEP 1011 FREDDIE MAC 1,000,000.00; DTD 09/10/10; INT 1.004; MATURITY 09/15/30 • FREDDIE MAC 1,000,000.00; ITO 09/10/10, IHT 1.009; MATURITY 09/15/30 ••• FREDDIE MAC 300,000.00; MD 09/10/10; INT 3.004; MATURITY 09/15/10 191 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF ACCOUNTS RECEIVABLE 9/30/11 scxEnoce B go SCHEDULE OF PREPAYMENTS PREPAID INSURANCE PREVIOUS THAN CURRENT FIRE SCHEDULE OF ACCOUNTS RECEIVABLE PREPAYMENT PURCHASED POWER 8.789.78 278,189.85 RESIDENTIAL RED COMMERCIAL 4,223,390.00 23B,330.65 4,593,945.14 241,849.32 ACCOUNTS RECEIVABLE - OTHER 91,572.41 178,223.70 443,]22.7] 245,413.96 ACCOUNTS RECEIVABLE - LIKES 17,748.27 14,523.70 28,084.71 14,523.70 ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 892.14 1,189.583.49 892.14 1,669.004.18 SALES DISCOUNT LIABILITY (332,098.73) (345,386.49) 11,096.67 RESERVE FOR UNCOLLECTIBLE ACCOUNTS (213,067.59) (231,548.01) 62,930.04 TOTAL ACCOUNTS RECEIVABLE BILLED 3,788,437.30 4,489,710.26 4,248,558.65 UNBILLED ACCOUNTS RECEIVABLE 4,830,294.37 4,915,936.83 TOTAL ACCOUNTS RECEIVABLE, NET 8.618,]31.67 9.405,647.09 SCHEDULE OF PREPAYMENTS PREPAID INSURANCE 744,714.66 889,827.35 PREPAYMENT PURCHASED POWER 8.789.78 278,189.85 PREPAYMENT PASNY 23B,330.65 241,849.32 PREPAYMENT WATSON 178,223.70 CURRENT 245,413.96 PURCHASED POWER WORKING CAPITAL 14,523.70 30 DAYS 14,523.70 TOTAL PREPAYMENT 1,189.583.49 60 DAYS 1,669.004.18 2.23% ACCOUNTS RECEIVABLE AGING SEPTEMBER 2012: RESIDENTIAL AND COMMERCIAL 4,593,945.14 LESS: SALES DISCOUNT LIABILITY (345,386.49) GENERAL LEDGER BALANCE 4,248.558.65 CURRENT 3.726,847.69 87.72% 30 DAYS 352,862.76 8.31% 60 DAYS 94,821.52 2.23% 90 DAYS 11,096.67 0.26% OVER 90 DAYS 62,930.04 1.48% TOTAL 4,248,558.65 100.00% 0 (10) TONE 09 READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTI®IT SCHEDULE OF OPERATING REVENUE 9/30/12 SCHEDULE D MUNICIPAL SALES: MONTH MONTH LAST YEAR CURRENT YEAR YTD % SALES OF HLHCTRICITY: LAST YEAR STREET LIGHTING CURRENT YEAR TO DATE TO DATE CHANGE RESIDENTIAL SALES 3,025,402.96 3,562,237.34 95,824.00 10,348,340.80 99,752.10 10,250,398.47 317,156.99 -0.95% COMM AND INDUSTRIAL SALES 3,953,567.80 -8.65% 4,273,355.21 TOTAL MUNICIPAL CONSUMERS 12,962,804.41 12,243,694.19 -5.55% PRIVATE STREET LIGHTING 5,959.10 51660.95 23,242.19 16,555.94 1],070.6] 18,614.91 - 36.55% TOTAL PRIVATE CONSUMERS 6,984.929.86 81,265.53 7.841,243.40 41,406.51 33,334,387.40 46,702.10 22,511,363.33 136,116.47 -3.53% MUNICIPAL SALES: ],368,02].70 8,143,]8].29 24,349,790.07 23,343,685.35 -3.74% STREET LIGHTING 29,129.76 27,917.05 107,075.43 83,745.15 - 31.79% MUNICIPAL BUILDINGS 95,824.00 99,752.10 317,156.99 289,709.14 -8.65% TOTAL MUNICIPAL CONSUMERS 125,053.76 137,669.15 424.232.42 373.454.29 - 11.97% ENERGY CONSERVATION - RESIDENTIAL 16,555.94 18,614.91 54,551.98 81,265.53 SALES FOR RESALE 41,406.51 46,702.10 27,095.11 136,116.47 43,746.23 132,251.36 84,907.35 -2.84% 123,038.81 SCHOOL 116,637.57 128,173.56 63,342.28 355,053.78 73,418.73 326,616.27 202,310.72 -8.01% 308,347.42 SUB -TOTAL ],368,02].70 8,143,]8].29 24,349,790.07 23,343,685.35 -3.74% FORFEITED DISCOUNTS 90,305.27 93,328.33 358,939.20 278,889.48 7.71% PURCHASED POKER CAPACITY (12,035.1]) 122,443.57 (38,418.36) 631,1]].04 - 1742.90% ENERGY CONSERVATION - RESIDENTIAL 16,555.94 18,614.91 54,551.98 81,265.53 50.80% ENERGY CONSERVATION - COMMERCIAL 27,095.11 43,746.23 84,907.35 123,038.81 44.91% GAN REVENUE 63,342.28 73,418.73 202,310.72 308,347.42 3.03% NYPA CREDIT (58,869.90) (47,478.80) (190,363.29) (151,951.50) - 19.65% TOTAL REVENUE -0.44% 7.394.421.2) 8.55],860.25 24,621,618.6] 24 514452.03 lei (ill TOM OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT SCHEDULE OF OPERATING REVENUE BY TOWN 9/30/12 LAST YEAR TO DATE RESIDENTIAL TOTAL READING LYNNPIELD NO.RRADING WILMINGTON NORTH INDUS /NUNI BLDG 13,279,961.40 1,806,428.07 166,308.61 2,137,086.17 RESIDENTIAL 3,562,227.24 PUB.ST.LIGHTS 1,190,827.18 473,952.65 895,330.40 1,002,117.01 INDUS /MUNI BLDG 4,373,107.31 PRV.ST.LIGBTS 598,870.32 55,558.82 705,337.93 3,013,340.34 PUB. ST.LIGHTS 27,917.05 CO -OP RESALE 8,976.30 3,551.79 5,229.50 10,159.46 PRV.ST.LIGHTS 5,660.95 SCHOOL 1,041.47 104.25 1,707.73 2,807.50 CO -OP RESALE 46,702.18 TOTAL 46,702.18 0.00 0.00 0.00 SCHOOL 128,172.56 45,535.74 27,542.93 16,018.43 39,075.46 TOTAL 8,143,787.29 PERCENTAGE OF OPEMTING 1.891,953.09 TOTAL 560.710.44 1.623.623.99 4,067.499.77 TOTAL READING LYNNPIELD NO.READING WILMINGTON MONTE THIS YEAR TO DATE RESIDENTIAL INDUS /MUNI BLDG 43.74% 53.70% RESIDENTIAL 10,350,398.47 5.83% 0.68% 3,134,474.44 10.99% 8.66% 1,534,375.47 12.31% 37.01% 3,390,490.24 PUB.ST.LIGHTS 3,201,058.32 INDUS /NONI BLDG 12,533,603.33 0.04% 1,716,137.82 0.06% 154,336.07 0.13% 2,022,039.60 PRV.ST.LIGHTS 8,641,089.84 PUB. ST. LIGHTS 83,745.15 0.00% 26,928.90 0.02% 10,649.37 0.04% 15,688.50 CO -OP RESALE 30,478.38 PRV.ST.LIGHTS 17,070.67 0.00% 3,133.01 0.00% 312.75 0.00% 51159.59 SCHOOL 8,466.32 CO -OP RESALE 132,251.36 0.34% 132,251.36 0.20% 0.00 0.48% 0.00 TOTAL 0.00 SCHOOL 326,616.27 6.88% 118,781.58 19.93% 69,948.84 99.97% 40,252.45 97,633.40 TOTAL 2].393.fi85.25 5.131.706.11 1,759,622.48 4,473,630.39 THIS YEAR TO DATE 11,978.726.27 LAST YEAR TO DATE RESIDENTIAL 10,348,340.80 3,220,116.50 1,522,323.35 2,384,629.30 3,221,271.75 INDUS /NUNI BLDG 13,279,961.40 1,806,428.07 166,308.61 2,137,086.17 9,170,138.55 PUB.ST.LIGHTS 107,075.43 35,336.02 13,215.68 18,686.59 39,837.14 PRV.ST.LIGBTS 23,242.19 4,403.56 427.00 7,114.73 11,296.90 CO -OP RESALE 136,116.47 136,116.47 0.00 0.00 0.00 SCHOOL 355,053.78 129,790.49 80,459.24 43,746.22 101,057.83 TOTAL 24.249.790.07 5.332.191.11 1.782.733.88 4.591,262.91 12.543.602.1] PERCENTAGE OF OPEMTING INCOME TO TOTAL TOTAL READING LYNNPIELD NO.READING WILMINGTON MONTE RESIDENTIAL INDUS /MUNI BLDG 43.74% 53.70% 14.62% 7.35% 5.83% 0.68% 10.99% 8.66% 12.31% 37.01% PUB.ST.LIGHTS 0.34% 0.11% 0.04% 0.06% 0.13% PRV.ST.LIGHTS 0.07% 0.01% 0.00% 0.02% 0.04% CO -OP RESALE 0.57% 0.57% 0.00% 0.00% 0.00% SCHOOL 1.58% 0.56% 0.34% 0.20% 0.48% TOTAL 100.00\ 33.33! 6.88% 19.93% 99.97% THIS YEAR TO DATE RESIDENTIAL INDUS /MUNI BLDG 43.91% 53.69% 13.43% 7.35% 6.53% 0.66% 10.24% 8.66\ 13.71% 37.02% PUB.ST.LIGHTS 0.36% 0.12% 0.05% 0.07% 0.12% PRV.ST.LIGHTS CO -OP RESALE 0.07% 0.57% 0.01% 0.57% 0.00% 0.00% 0.02% 0.00% 0.04% 0.00% SCHOOL 1.40% 0.51% 0.30% 0.17% 0.42% TOTAL 100.00% 21.99% 7.54% 19.16! 51.31$ LAST YEAR TO DATE RESIDENTIAL INDUS /MUNI BLDG PUB.ST.LIGHTS PRV.ST.LIGHTe 43.67% 54.77% 0.44% 0.10% 13.28% 7.45% 0.15% 0.02% 6.28% 0.69% 0.05% 0.00% 9.83% 8.81% 0.08% 0.03% 13.28$ 37.82% 0.16% 0.05 CO -OP RESALE SCHOOL 0.56% 1.46% 0.56% 0.54% 0.00% 0.33% 0.00% 0.18% 0.00 0.41% TOTAL 100.00% 32.00$ 7.35% 18.93% 51.72% TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BGDGETRD REVENUE VARIANCE REPORT 9/30/12 SCHEDULE P SALES OF RLECIRICIM RESIDENTIAL CONN AND INDUSTRIAL SALES PRIVATE STREET LIORTINO MUNICIPAL BUILDINGS PUBLIC STREET LIGHTING SALES FOR RESALE SCHOOL TOTAL BASE SALES TOTAL PUEL SALES TOTAL OPERATING REVIEWS FORFEITED DISCOUNTS PURCHASED POWER CAPACITY ENERGY CONSERVATION - RESIDENTIAL ENERGY CONSERVATION - COMMERCIAL DAN REVENUE PASNY CREDIT TOTAL OPERATING REVENUES • ( ) - ACIOAL UNDER BUDGET ACTUAL BUDGET % YEAR TO DATE YEAR TO DATE VARIANCE CHANGE 6,344,601.86 6,287,042.00 57,559.06 0.92% 6,788,075.48 6,686,043.00 (97,967.52) -1.42% 49,880.00 50,652.00 (764.00) -1.51% 78,105.83 88,949.00 (10,763.17) - 12.10% 188,362.67 195.349.00 (6.906.33) -3.58% 13,449,113.84 13,508,035.00 (58,921.16) -0.44% 9,894.571.41 9,033,027.00 861,544.41 9.54% 23,343,685.25 22,541,062.00 002,623.25 3.56% 278,889.48 297,176.00 (18,286.52) -6.15% 631,177.04 618,010.00 13,167.04 2.13% 82,265.53 78,637.00 3,620.53 4.61% 123,038.81 125,377.00 (2,338.19) .1.86% 208,347.42 204,014.00 4,333.42 2.12% (152,951.50) (174,999.00) 22,047.50 - 12.60% 3.48% 24.514.452.03 23 689 277.00 025.175.03 TOWN OF READING, NABSACHUSETTS MMICIPAL LIGHT DEPARTKENT SCHEDULE OF OPERATING EXPENSES 9/30/12 SCHEDULE e MAINTENANCE EXPENSES: WORTH NORTH LAST IRAN CURRENT YEAR YTD % OPERATION EXPENSES: LAST YEAR 227.10 12,971.20 117,185.86 42,803.45 15,788.94 (46.60) 38,459.45 7,011.24 7,556.24 CURRENT YEAR 227.10 9,253.10 81,152.83 9,038.13 6,231.04 (83.10) 40.140.81 3,397.31 7,326.56 TO DATE 601.30 48,389.36 392,866.53 56,845.50 16,423.97 (184.97) 125,178.40 20,501.53 22,558.83 TO DATE 681.30 21,697.57 249,483.96 24,072.65 10,383.59 (220.45) 114,940.90 10,151.48 27,629.32 CHANGE PURCHASED POWER BASE EXPENSE 2,522,109 25 2.530,662.38 1.292.013 39 7,800,416.79 7.71% 32 OPERATION SUP AND ENGINEERING BIT 33,232.15 DEPRECIATION EXPENSE 30,352.73 132,043.78 119,541.30 -9.47% STATION SUP LABOR AND RISC 9,894.33 PURCHASED POWER FUEL EXPENSE 2,692.85 33,199.09 15,787.47 - 52.45% LINE MISC LABOR AND EXPENSE 59,806.73 VOLUNTARY PAYRENTS TO TOWNS 36,659.87 167,764.14 132,939.36 - 20.76% STATION LABOR AND EXPENSE 40,759.34 TOTAL OPERATING EXPENSES 28,972.30 _ 130,287.97 109,359.78 -9.09% STREET LIMING EXPENSE 9,341.85 4,423.61 23,930.85 11,528.42 - 26.75% METER EXPENSE 16,607.86 7,330.11 63,445.43 34,112.36 - 46.23% MISC DISTRIBUTION EXPENSE 27,364.14 21,854.51 83,753.06 73,958.94 - 11.69% NETER READING LABOR R EXPENSE 8,124.83 5,138.91 26,406.68 23,970.02 -9.50% ACCT A COLL LABOR R EXPENSE 89,649.34 88,633.79 310,447.90 336,182.53 8.29% UNCOLLECTIBLE ACCOUNTS 16,000.00 8,333.33 48,000.00 24,999.99 - 47.92% ENERGY AUDIT EXPENSE 26,264.42 20,280.75 206,471.99 95,745.96 - 10.07% AUNIS 6 GEN SALARIES 57,040.12 47,652.90 185,556.97 165,427.49 - 10.05% OFFICE SUPPLIES c EXPENSE 9,479.43 30,647.93 32,445.22 49,065.60 51.23% OUTSIDE SERVICES 35,005.20 49,522.36 68,375.01 79,932.08 17.07% PROPERTY INSURANCE 31,798.71 31,670.42 95,372.17 95,035.26 -0.35% INJURIES AND DANAGES (9,019.31) 3,940.15 (7,545.63) 10,316.44 - 236.72% ENTWINES PENSIONS 6 BENEFITS 109,303.69 148,298.34 423,919.18 540,974.04 37.61% MISC GENERAL EXPENSE 17,304.60 13,888.61 47,605.41 38,614.87 - 18.09% RENT EXPENSE 27,555.35 13,837.19 55,227.50 62,338.88 12.88% ENERGY CONSERVATION 71,826.49 23,426.79 170,863.04 131,038.18 - 25.65% TOTAL OPERATION EXPENSES 687.339.16 601,564 45 2,187,560.56 2 152 869 97 -1.59% MAINTENANCE EXPENSES: BALM OF TRANSMISSION PLANT 3fAINT OF 6TAUCT AND EDUIPMT SAINT OF LINES - OR RAINT OF LINES - UG MAIN] OF LINE TRANSPORNERS WHIM OF ST LT 6 SIG SYSITY MAINT OF GARAGE AND STOCKROOM NAINT OF MINES WAINT OF GEN PLANT 227.10 12,971.20 117,185.86 42,803.45 15,788.94 (46.60) 38,459.45 7,011.24 7,556.24 227.10 9,253.10 81,152.83 9,038.13 6,231.04 (83.10) 40.140.81 3,397.31 7,326.56 601.30 48,389.36 392,866.53 56,845.50 16,423.97 (184.97) 125,178.40 20,501.53 22,558.83 681.30 21,697.57 249,483.96 24,072.65 10,383.59 (220.45) 114,940.90 10,151.48 27,629.32 p.00% - 55.16% - 36.50% - 57.65% - 36.78% 19.18% -8.18% - 50.68% 22.48% TOTAL NAINTENANCE EXPENSES 242.15fi.80 158.083.78 683.341.53 458.020 32 - 32.06% DEPRECIATION EXPENSE 296,017.47 305,469.18 808,082.41 916,407.54 3.19% PURCHASED POWER FUEL EXPENSE 3,914,869.40 2,646,309.32 10,041,874.30 9,806,635.80 -9.55% VOLUNTARY PAYRENTS TO TOWNS 113,000.00 114,000.00 339,000.00 342,Op0.00 0.88% TOTAL OPERATING EXPENSES _ 6.776.102.16 _ 6,352.089.11 22,181.932.09 21,417.150.42 -3.10% TOM OF READING, MASSACHUSETTS NUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPENSE VARIANCE REPORT 9/30/12 SCHEDULE O ( ) = ACTUAL UNDER BUDGET (12.) ACTUAL BUDGET % OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE • CHANGE PURCHASED POWER BASE EXPENSE ].800.416.]9 8.635.580.00 1835.163.211 -9.67% OPERATION SUP AND ENGINEERING SEP 119,542.30 116,616.00 2,926.30 2.51% STATION SUP LABOR AND MISC 15,787.47 21,760.00 (5,972.53) - 27.45% LINE MISC LABOR AND EXPENSE 132,939.36 161,578.00 (28,638.64) - 17.72% STATION LABOR AND EXPENSE 109,359.78 111,961.00 (2,601.22) -2.32% STREET LIGHTING EXPENSE 17,528.42 21,102.00 (3,573.58) - 16.93% NETBR EXPENSE 34,112.36 35,157.00 (1,044.64) -2.97% MISC DISTRIBUTION EXPENSE 73,958.94 91,068.00 (17,109.06) -18.79% MIER READING LABOR & EXPENSE 23,970.02 25,910.00 (1,939.98) -7.49% ACCT & COLL LABOR & EXPENSE 336,182.53 342,715.00 (6,532.47) -1.91% UNCOLLECTIBLE ACCOUNTS 24,999.99 24,999.00 0.99 0.00% ENERGY AUDIT EXPENSE 95,745.96 116,630.00 (20,892.04) - 17.91% AGAIN & GEN SALARIES 165,427.49 189,349.00 (23,921.51) - 12.63% OFFICE SUPPLIES & EXPENSE 49,065.60 63,496.00 (14,430.40) - 22.73% OUTSIDE SERVICES 79,932.08 173,307.00 (93,374.92) - 53.89% PROPERTY INSURANCE 95,035.26 117,879.00 (22.843.74) - 19.38% INJURIES AND DAMAGES 10,316.44 14,519.00 (4,202.55) - 28.95% ENPLOYEES PENSIONS A BENEFITS 540,974.04 521,278.00 19,696.04 3.78% MISC GENERAL EXPENSE 38,614.87 69,261.00 (30,946.13) - 44.25% RENT EXPENSE 62,338.88 53,001.00 9,337.88 17.62% ENERGY CONSERVATION 127,038.18 179,581.00 (52,542.82) - 29.26% TOTAL OPERATION EXPENSES 3.451,1]5.00 (298.305.03) - 12.17% 2,152.069.9] MAINTRNANCE EXPENSES: SAINT OF TRANSMISSION PLANT 681.30 750.00 (68.70) -9.16% NAINT OF BIRO= AND EQUIPMENT 21,697.57 29,712.00 (8,014.43) - 26.97% WAIST OF LINES - OR 249,483.96 301,438.00 (51,954.04) - 17.24% WAINT OF LINES - US 24,072.65 41,519.00 (17,446.35) - 42.02% SAINT OF IT" TRANSFORMERS 10,383.59 48,371.00 (37,987.41) - 78.53% SAINT OF BY IT & SIG SYSTEM (220.45) 2.450.00 (2,670.45) - 109.00% MAINT OF GARAGE AND STOCKROOM 114,940.90 165,100.00 (50,159.10) - 30.38% SAINT OF NETERS 10,151.48 18,819.00 (8,667.52) - 46.06% SAINT OF GEN PLANT 27.629.32 32,778.00 (5,148.68) - 15.71% TOTAL MAINTENANCE EXPENSES 640.937.00 (182.116.68) - 38.41% 458,820.32 DEPRECIATION EXPENSE 916,407.54 912,501.00 3,906.54 0.43% PURCHASED POWER FUEL EXPENSE 9,006,635.80 9,699,633.00 107,002.80 1.10% VOLUNTARY PAYMENTS TO TOWNS 342,000.00 342,000.00 0.00 0.00% TOTAL OPERATING EXPENSES -5.31% 11,204.675.58) 22.681,826.00 31.4]7,150.43 ( ) = ACTUAL UNDER BUDGET (12.) TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT BUDGETED OPERATING EXPRESS VARIANCE REPORT 9/30/12 • (12X1 RESPONSIBLE REMAINING SENIOR 2013 ACTUAL BUDGET REMAINING OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET % PURCHASED POWER BASE EXPENSE SP 30,102.742.00 7.800.416.79 ]].302,325.11 74.09% OPERATION SUP AND ENGINEERING BAP BE 468,949.00 119,542.30 349,406.70 74.51% STATION SUP LABOR AND MISC KS 79,813.00 15,787.47 64,025.53 80.22% LINE MISC LABOR AND EXPENSE IS 671,309.00 132,939.36 538,369.64 80.20% STATION LABOR AND EXPENSE KS 448,249.00 109,359.78 338,889.12 75.60% STREET LIGHTING EXPENSE KS 83,106.00 17,528.42 65,577.50 78.91% METER EXPENSE KS 197,329.00 34,112.36 163,216.64 0].)1% MISC DISTRIBUTION EXPENSE IS 366,409.00 73,958.94 ]9],530.06 79.82% DYNE, READING LABOR A EXPENSE IS 69,946.00 13,970.02 45,975.98 65.73% ACCT 6 COLL LABOR R EXPENSE NF 1,305,210.00 336,182.53 1,049,017.47 75.73% ONCOLLECTIBLE ACCOUNTS RF 100,000.00 24,999.99 75,000.01 75.00% ENERGY AUDIT EXPENSE JP 479,013.00 95,745.96 383,267.04 80.01% ADMIN A GEN SALARIES VC 761,066.00 165,427.49 595,640.51 78.26% OFFICE SUPPLIES A EXPENSE VC 253,950.00 49,065.60 204,884.40 80.68% OUTSIDE SERVICES VC 507,125.00 )9,93].08 417,192.92 84.24% PROPERTY INSURANCE KS 471,500.00 95,035.26 376,464.74 79.84% INSURIES AND DAMAGES BE 56,619.00 10,316.44 46,302.56 81.78% EMPLOYEES PENSIONS A BENEFITS KS 1,809,613.00 540,974.04 1,348,648.96 71.37% MISC GENERAL EXPENSE VC 200,785.00 38,614.87 162,170.13 80.77% RENT EXPENSE KS 212,000.00 62,330.80 149,661.12 70.59% ENERGY CONSERVATION SP 697,983.00 127,030.18 570,944.81 81.80% TOTAL OPERATION EXPENSES $2.14% 8.833.105.00 1,152.869.97 7.247,196.03 MAINTENANCE EXPENSES: MAINT OF TRANSMISSION PLANT KS 3,000.00 681.30 2,318.70 77.20 SAINT OF STRUCT ARM SQUIRMY KS 114,120.00 21,697.57 92,422.43 80.99% SAINT OF LINES - OR KS 1,250,421.00 249,483.96 1,000,937.04 $0.05% SAINT OF LINES - US KS 285,371.00 14,072.65 261,298.35 91.56% MAINT OF LINE TRANSPORNERB BE 1881500.00 10,383.59 170,116.41 94.49% SAINT OF 8T IT A SIG SYSTEM BE 9,684.00 (220.45) 9,904.45 102.28% SAINT OF GARAGE AND STOCKROOM XS 672,589.00 114,940.90 557,648.10 82.91% SAINT OF BRIBES KS 47,392.00 10,151.48 37,240.51 78.58% MAINT OF GEN PLANT RP 131,320.00 27,629.32 103,690.68 78.96% TOTAL MAINTENANCE EXPENSES 79.63$ 2,817.401.00 958.820.32 3.143.576.68 DEPRECIATION EXPENSE RF 3,650,000.00 916,407.54 2,733,592.46 74.89% PURCHASED POWER ML EXPENSE GP 30,500,000.00 9,806,635.80 10,693,364.20 67.85% VOLUNTARY PAYMENTS TO TOWS RF 1,368,000.00 342,OOO.OD 1,026,000.00 75.00% TOTAL OPERATING EXPENSES 67.15% 83.767.500.00 ]1,9)),15D.92 566146.059658 • (12X1 TOWN OF READING, MASSACHUSETTS MUNICIPAL LIGHT DEPARTMENT PROFESSIONAL SERVICES 9/30/2012 PROFESSIONAL SERVICES BY PROJECT PROFESSIONAL SERVICES BY VENDOR ITEM DEPARTMENT ACTUAL BUDGET 12,780.00 VARIANCE 1 HELD AND PENSION TRUST AUDIT PEES ACCOUNTING 12,780.00 81938.00 32,250.00 2,462.50 (19,470.00) 3,794.01 2 PENSION ACTUARIAL EVALUATION ACCOUNTING 3,250.00 RICHARD HIGGINS ARBITRATOR 0.00 JH ASSOCIATES 3,250.00 TOTAL 3 LEGAL- FERC /ISO ISSUES ENERGY SERVICE 0.00 4,500.00 (4,500.00) 4 LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 635.00 11,250.00 (10,615.00) 5 PROFESSIONAL SERVICES ENERGY SERVICE 2,595.80 6,000.00 (3,104.20) 6 NERC COMPLIANCE AND AUDIT E 6 O 2,482.50 2,500.00 (17.50) 7 LOAD CAPACITY STUDY ENGINEERING 0.00 3,750.00 (3,750.00) 8 SIMON HARDENING STUDY ENGINEERING 0.00 0.00 0.00 9 LEGAL- GENERAL, M K&C AUDIT ON 6,661.51 37,500.00 (30,838.49) 10 LEGAL SERVICES - GENERAL HR 31,673.72 27,600.00 4,073.72 11 LEGAL SERVICES - NEGOTIATIONS HR 0.00 9,200.00 (9,200.00) 12 LEGAL GENERAL BLDG. MAINT. 5,435.50 375.00 5,060.50 13 SURVEY RIGHT OF NAY BLDG. MAINT. 0.00 11251.00 (1,251.00) 14 ENVIRONMENTAL BLDG. MAINT. 0.00 1,251.00 (1,251.00) 15 ENGINEERING SERVICES BLDG. MAINT. 14,118.05 2,130.00 11,988.05 16 REPAIR RAMS AND DECK AREA BLDG. MAINT. 0.00 30,000.00 (30,000.00) 17 INSURANCE CONSULTANT GEN. BENEFIT 0.00 2,499.00 (2,499.00) 18 LEGAL GEN. BENEFIT 0.00 1,251.00 (1,251.00) TOTAL 79,932.08 173,307.00 (93,374.92) PROFESSIONAL SERVICES BY VENDOR ACTUAL MBLANSON HEATH 6 COMPANY 12,780.00 HUDSON RIVER ENERGY GROUP 2,895.80 STORE CONSULTING INC. 3,250.00 ROBIN AND RUDMAN 81938.00 UTILITY SERVICES INC. 2,462.50 DUNCAN 6 ALLEN 3,794.01 CHOATE HALL R STEWART 28,963.72 NEITHER TORREY 6 SPENCER 12,385.55 RICHARD HIGGINS ARBITRATOR 2,710.00 JH ASSOCIATES 1,732.50 TOTAL 79,932.00 (13) RMLD • BUDGET VARIANCE REPORT FOR PERIOD ENDING SEPTEMBER 30, 2012 DIVISION ACTUAL BUDGET VARIANCE CHANGE ENGINEERING AND OPERATIONS 800,411 993,982 (193,571) - 19.478 ENERGY SERVICES 226,315 318,096 (91,781) - 28.858 GENERAL MANAGER 180,506 248,505 (67,999) - 27.368 FACILITY MANAGER 943,295 1,027,747 (64,452) -8.228 BUSINESS DIVISION 2,286,704 2,325,283 (38,580) -1.668 SUB -TOTAL 4,437,231 4,913,613 (476,383) -9.708 PURCHASED POWER - BASE 7,800,417 8,635,580 (835,163) -9.678 PURCHASED POWER - FUEL 9,806,636 9,699,633 107,003 1.108 TOTAL 22,044,283 23,248,826 (1.209 543) -5.188 RELD DEFERRED PURL CASH RESERVE ANALYSIS 09/30/12 GROSS MOHTELY TOTAL DATE CHARGES RRVRHUES HYPA CREDIT DEFERRED DEFERRED Jun -12 2,270,044.48 Jul -12 3,SB1,715.28 3,492,843.61 (61,106.90) (149,978.57) 2,120,065.91 Aug -12 3,578,631.20 2,914,978.35 (44,365.80) (707,998.65) 1,412,067.26 Sep -12 2,646,309.32 3,486,749.45 (47,478.80) 792,961.33 2,205,028.59 RMLD STAFFING REPORT FOR FISCAL YEAR ENDING JUNE, 2013 • part time employee '# part time employee and a coop student `" part time employee and a temp Ij 13 BUD JUL AUG SEP TOTAL 12 12 12 GENERAL MANAGE GENERAL MANAGER 2.00 2.00 2.00 2.00 HUMAN RESOURCES 1.00 1.00 1.00 1.00 COMMUNITY RELATIONS 1.00 1.00 1.00 1.00 TOTAL 4.00 4.00 4.00 4.00 EUSINESS ACCOUNTING 2.00 2.00 2.00 2.00 CUSTOMER SERVICE ** 7.75 7.75 7.75 7.75 MGMT INFORMATION SYS • 6.25 6.00 6.00 6.00 MISCELLANEOUS 1.00 1.00 1.00 1.00 TOTAL 17.00 16.75 16.75 16.75 ENGINEERING 6 OPH ATIONC AGM E60 2.00 2.00 1.00 1.00 ENGINEERING 5.00 5.00 5.00 5.00 LINE 21.00 21.00 21.00 21.00 METER 4.00 3.00 3.00 3.00 STATION 8.00 8.00 8.00 8.00 TOTAL 40.00 39.00 38.00 38.00 • PROTECT BUILDING 2.00 2.00 2.00 2.00 GENERAL BENEFITS 2.00 1.00 2.00 2.00 TRANSPORTATION - _ _ MATERIALS MGMT 4.00 3.00 4.00 4.00 TOTAL 8.00 6.00 8.00 8.00 SNERCY SHRVI ES ENERGY SERVICES * 5.50 4.50 4.50 4.50 TOTAL 5.50 4.50 4.50 4.50 RMLD TOTAL 74.50 70.25 71.25 71.25 CONTRACTORS UG LINE 2.00 2.00 2.00 2.00 TOTAL 2.00 2.00 2.00 2.00 GRAND TOTAL 76.50 72.25 73.25 73.25 part time employee '# part time employee and a coop student `" part time employee and a temp Ij or. 'I 'ado r if :sa Fat ell B21 0730 o _. DIV OF LDC_"4L 9tDlYlj,�9_ nr I '.lsseaehusetts 0epaffinent of Revenue Division ofL rw Samtes i 0 .Nr ✓ .ksytI eery. Wy 'sun✓ D June 16, 1997 Gary D. Suter, Town Accountant 120 Prescott Street West Boylston, MA 01583 Re Approval of Municipal Light Department Exp mditures Our pile No. 97506 Dear Mr. Suter: You have asked for a legal opinion Concerning the necessary stgarurea on the municipal light department's "weekly warrant ". We assume the expatditutea on this, a t include both payroll and other bills payable. While not completely free from doubt, we conchrde that the signature of the light department manager and a majority of the municipal light board on His payable vouchers would be required for the town accountant to draw a warrant and for the board Of "WIt men to approve it under G.L. Ch. 164, §36 and C.L. QL 41, §66. With respect to light department payrolls, however, we think the board may designate one of its members to sign, ac permitted by G.L Ch. 41, M along with the light manager. Such a designation does not limit the responsibility of each light board member in the event of an improper payment In pertinent part G.L Ch. 1K §96 and G.L Ch. 41, §56 require only the board of selectmen to approve warrants prepared by the town accountant ..Al) wcounta rendered to or kept m the gas or electric plant.- shall be subject to the inspection of the selectrnen. Rte ... seke mien ... may sequite any peraon pray Uri g for settlement an aenunt or dawn agabut such plant to make oath before ... them, in such form u -.they may presaibe, as to the accuracy of such account or claimt nlr,— eel_- eedzm " ,...: rLD7MM Ulepa=ent of All bins or mvmjtj of such p - n before they ,yd 1 trea�,r; and may disallow and refuse to approve for payment in whole or in part any claim as fraudulent unlawful or excessive; and in that case the ... wlectmet ... shall file with the ... town trw Er a written statement of the reasons for the relusal; and the treasurer shall not pay any Lisp m bill w disallow,. Il nytaptidgLtbLpgww rt+nf ncd on a town sc=,b j secfi FLrw -five ro sy�(r one.'ne oja ter (g ... G.L Ch. 164, 5S6 (enphaais added) . ... The town accountant shall examine all such bills, drafts, orders and pay rolls and, if found corred and approved as herein provided, shall draw a warrant upon the treasury for the payment of the same, and the treasurer shall pay r money from the treasury 40 except upon such warrant approved by the xlectmcr-. G.L. a It 654 Anf rate Hoer WS,, Dswr VA at 119554 Tat FINV5,n00, Fee 0766 -DOD V�1 o,,ro ,yeE, Ti-IAN IJF READING PAGE 02 of LL 00 J.JI FAI 111 121 :330 DIV Or LOCAL SEAVICE_ ''4003 _ __ _ _ —_ -- _.— _. _ - 4 art 0. sure ft" t M the original act authorizing municipal light departments the light manager was given sole authority to expend and approve warrants for payment of light department bills. SL 169E Ch. 370, §8 f'... and the payment of all bills interred 1by the light department] shall be intrusted ... to one officer r ... Such officer shall be (mown m manager ...). In 1893 towns ware authorized to elect light boards which were empowered to appoint light managers. St 19", CIL 454, §30. By SL 1905, c1.410, §i the pertimezet statute provided that "f a)ll bilk chargeable to the plant or the appropriations therefor shall be paid by the treasurer on requisition by the manager or municipal light board, if arty.' This Language remained in SL 1914 Ch. 742, §113 but was elindrated and replaced with the current clause by St 1929, Ch. 266.1 Nothing in Chapter 164 currently provides for any specific approval of warrants by the municipal light board or the municipal light manager. However, G.L CIL 4 §86 also provides ... all boards, committed, heads of cImpartments and Of = authorized to expend awneg shall approve and transmit to the town acmuntant... all bills, draft$, orders and pay rolls chargeable- to the respective appropriations of which they have the expenditure. Such approval &hallbe given Andy after an examinaum to detarrmi a that the charges are correct and that the goods, materials or services Barged for were ordered and that such goods and materials were delivered and that the services were actually rendered to or for the town as the case may be:... (emphasis added). We believe the municipal light board should be considered the head of the municipal light dep&rtmanL G.L CL 164,. §96 provides that the light board in a town which has established such an elected body, "&hall have authority to construct, puerchse or base a gas or electric plant in accordance with the vote of the town and to maintam and operate the sami' However, G.L Chh. 161, §86 requires that the light board act through a light manager which it must appomt,but who will be under the direction and control of the board. The light manager is an officer authorized to male osntracts for the day today operation of the plant and is therefor authorized to °upend moray. See Golubek v W stfi let Qu k 17ectrf jgbl Boats 32 hams. App. Ct 954, 955 (1992): CApMv lataororh. l% Mass. 41,"(19M. This organizational structure is similar to that of a school committee /superintendent in which the school oommittee retain& statutory authority to establish educational policy and to illocate and transfer funds for specific spending purposes Based on such retained authority, we have indicated that a majority of the school corrunitva must sign requisitions for payment of bells under G.L Ch. 41, §56, as well as the superintendent and principals when they have been given separate statutory authority to make contracts for the school department. We therefore conclude that the municipal light board as well as the light manager must sign payro0s and bill requisitions in order to icdtlate expenditures. Ender G.L Ch. 4, §6, what Joint authority is given to a group of officers, a majonry of the entire group must vote m order to take action Thus, a majority of the Itght board must sign to initiate payment of light department expenditures. An exception o this requfresmt hssbeert given to municipal commissions, committees or board of tuutees who signing a payroll. G.L. 0L al, y41 authorizes such a body to designate one of its memban to chic, oath to a payroll. It is not M 11L 1101 , -Ocu Ib: my TLW i)F 61'9429037 01 �1L CO t]. Sp FAX 017 Alp rJJD _ DIV OF LOCAL SERV(CEeDING am;E 03 _._---- - - - - -- — CUD4 3m D. SWw Ppa3 completely dear whether such authority would apply to a municipal light board, given that in some cases the light department is considered a municipal department but not in others. We note also that G.L Ch. 41, §41 is not incorporated in Chapter 164 as is the cue with G.L Ch. 43, §56, which is incorporated by reference under G.L. Ch. 164, §56. Nevertheless, we believe the mechardsrn provided in G.L CIL 41, §41 provides sufficient protection of light departmerrt funds in light of the other safeguards otherwise provided in G.L Ch. 164, §56 and G.L. Ch. 41, §56. Thus, to the extent the light board specifically votes to designate one of its members to make oath to the payroll, we think the signature of that designee, when Combined with that of the light manager, is sufficient to initiate payment of the light department payroll. We hope this addresses your concems. if we may be of further service, please do not hesita to to contact us again. I I ' U ..� .WJ .G..♦ is e RUBIN ANo RUDMAN LLP COYN11140111, AT LAW • 50 Rowell WHARF • 904110N. MASSACNJSe'ra 081.0, 33.6 .1 rtLEP -owe. 10,11330 -loot • F -ceulr a. 6 1u36 -iss6 • F.NA,I •IRyeU61N6Y0WN.CON MEMORANDUM By TeleermiR To: Leonard Rucker, General Manager Linda Bemat, Assistant Manager Reading Municipal Light Department From: Kenneth M. Barra, Diedre T. Lawrence, Kula J. Doukas Re: Process for Payment of Payroll Warrants Date: February l4, 2000 R INTRODUCTION On behalf of the Reading Municipal Light Department ("P MLD'j, you have asked us to render an opinion on the process that RMLD must follow for the payment of payroll and other light plait expenses. On June 16, 1997, the Dcpartment of Revenue ( "DOW) issued an opinion on this very matter, in which the DOR wncluded that the signature of both the Manager and a designated commissioner are required to authorize the payment of warrants for the light plant. We have researched all relevant statutes and cuelaw, and we have reviewed the opinion issued by the DOR as well a the Reading Town Charter with regard to the powers of the municipal light board. Based on our research and our knowledge of the mechanics of municipal light plants, we respectfully disagree with the DOR opinion and conclude that only the Manager's signature is required to authorize the payment of warrants for payroll and other t RUBIN ,ono RUDMAN LLP expenses an behalf of RMLD. We believe that the DOR opinion is not binding on ILMLD. The DOA has no authgtl[y over, municipal light plants. bv+ Js 4k" LMWr Tvv"-. This Memorandum is being rendered pursuant to G.L. c. 164.156. DISCUSSION 1. Authority and Responsibilities Under G.L. e. 164 • Municipal light plants operate pursuant to authority found in G.L. c. 164, §§ 34 -69, not .� • under the laws governing towns and other town departments. The Supreme Judicial Court th s , C SJC'j has recognized G.L. c. 164 as the primary and, in most instances, exclusive statutory ® authority governing municipal light plant operators. Sall, L-& Municipal Light Commission issiron of Taunton Y. City of Taunton, 323 Mass 19, 84 (1948); MacRae v. Concord 296 Mass. 394 (19371. G.L. c. 164, § 56 expressly assigns the plant manager the obligation to attest to expenses submitted for payment. Here, the statute states.'The manager shall at any time, when required by the essyor, selectmen, municipal light board, if any, or department, make a statement to such officers of his doings, business, fete' , disbursements, balances, and of the indebtedness of the town in his dcoutment." G.L. c. 164, § 56 (emphasis added). Although G.L. c. 164, § 56 refers to G.L. c. 41, it does not invoke all of the requirements of G.L. c. 41. Section 56 only keeps # • itact the power of town accountants under G.L. c. 41, §§ 55 - 61. As described below, the a, statutes governing the powers of town accountants do not require the signatures of tight plant commissioners or otherwise divest the }tanager of any of its authority granted under G.L. c. 164, § 56 over the management of the p'.mt. Accordingly, because G L. c. '.64, § 56 designates the Manager as the pmon responsible to account ,-or receipts and disbursements, and other financial 441001 2 • RUBIN AND RUDMAN LLP matters, we conclude that only the Manager is required to sign warrants for payroll and other V/- expenses. In further support, the special statutes creating municipal light plants and the statutory scheme of G.L. c. 164 grant light plant Managers and light plant Commissions exclusive and SIR s , unrestricted managerial power. Is., t& Municipal Light Commission of Peabody v. City of Feats 348 Mass. 266,268 (1964); Mu ic'tal Light Commission of Taunton, 323 Mess. at 84; Can= v. Taunton_ 196 Mass 41 (1907). in particular, G.L. c. 164, § 56 Place the day -to -day o redone of the plant into the hands of the Manager, including the hiring of employees, collection of bill and keeping of accounts. The statute provides in pertinent part: , The mayor of a city, or the selectmen or municipal light board, if any, of a town acquiring a gas or electric plant shall appoint a giMaaer of municipal lighting who shall, under the direction and control of the mayor, selectmen or municipal light board, if any, and subject S The Court of Appeal in Golubek v. Westfield Gas & Else. Bd., recognized that this provision expressly allocates the administrative functions of operating the plant to the Manager is "t to the Commission. 32 MM.App.Ct. 954, 955 (1992). In this regard, the court concluded that G L. c. 164, § 56 only grants the Commission the power to give the Manager general directions. Id. at 955.56. Consequently, when a Commission undertakes a responsibility specifically granted to the Manager, the ccmmisston exceeds its authority. Id. As stated above, G.L. c. 164, § 56 expressly subjects the Manager to :he attestation process. Thus, under G.yluhek6 only he signature of :hc %tanager is required for payment an a uuas_+ 3 A A -,o _1,W :o: I- . b `41st RUSIN nno RUDMAN LL? ds 1 warrant. 2. The Manager's Authority Under C.L. c. 41 The court's decision in Golubelt also stand} for the proposition that the Maoanu is the appropriate person to attest to payrolls and bills under G.L. c. 41, § 41. That star= provides that: No treasurer or other fiscal officer of any awn or city shall pay any salary or compensation to my person in the service or employment of the town or city unless the payroll, bill or account for such salary or As compensation shall be sworn to by th h ad ofthe, NW deepadpppt or the person immediately responsible for Ye the appointment, employment, promotion, or transfer of '^ 1 , the persons named therein... G.L. e. 41, § 41. This provision allows tither the department head or person directly responsible for the employees to attest to the payroll. Golulock clearly earablishea that the Manager is responsible for hiring employees under G.L. c. 164, § 56. 32 Mass.App.Ct. at 955. Moreover. the Manger's duties and the lack of the Commission's direct administrative authority over RbtLD also establish the Nma or as the department head. Thus, the V sia. sufficient, and in feet all that is required, to release the payment of payroll expenses under G c. 41, § 41. Given that the Manage: is the department head of R,MO, only his signature is required # under G . c. 41. § 56. That statute states in re!evmt part: g- The selectmen and all boards, cemminecs, heeds of 1 1 C,partments and officers authorized to expend money shall aoorove and'ransmino the town account as often as once each ,nonth all hills, drags, orders and pay `' ro3s chargeable to !he respec:ivc appropriations of awraa 1 4 ' ay "0 .4 _uW .n::b r. A 1. . RUBIN Aso RUDMAN LLP which they have the expenditure. The town accountant may disallow and refuse to approve for payment, in whole or in part, any claim as fraudulent, unlawful or excessive, and in such cafe he shall file with the town treasurer a written statement of the masons for such refusal. .. • G.L. c. 41, § 56. Nowhere does this statute require the signatures of yc=MLMLqker. At best, # • it only would require their approval. Such approval by the light plant "shall be given only 1 - after in examination to determine that the charges ate correct and that the goods, materials or services charged for were ordered and that such goods and materials were delivered and that the services were actually rendered to or for (the light plant]." G.L. c. 41, 156. The Commissioner initially grant their approval for such expenses when they vote on the budget, which includes employee salaries. Municipal light plants, such as %\ILD, are not 1 regulated by Town Meeting or town officials as are other town departments. See Mupicigai } ✓ Light Comm'n of Peabody. 348 Mass. at 273. G.L. c. 164, § 57 provides, in relevant par, that ))) R.MI D's Manager is to submit, each year, to the Municipal Light Board: an estimate of the income from sales of... electricity to private customers and of the expense of plant meaning the gross expenses of operation, maintenance and repair, the intermt on the bonds, notes of certificates of indebtedness issued to pay for the plant, an amount of depreciation equal to three per cent of the cost of the plant exclusive of land and any water power appurtenant thereto, or such smaller or larger amount as the department of public utilities may approve, the requirements of the sinking fund or debt incurred for :he plant. and she loss, if any, in the operation of the plant during the preceding year, and of the cost, as defined in section fifty eight, of the... electricity to be used by the town. The appropriations necessary to authorize *he Town Treasurer .0 use RMLD Ponds for the "expense of plant," as defined in G. L. c. 164, § 57, :herefore, ace made by vote of Lie RMLD 'eaaee t N. RUBIN Ano 4UDMAN LLP Board upon the budget submitted by RMLD's Manager, and not by Town Meeting vote pursuant i to the provisions G.L. c. 44. 9, After such expenses are incurred, the implied approval of the 0 1 , Commissioners should satisfy the requirements of G.L. c. 41, § 56. Even the DOR concedes that the commissioners need not approve each and every requisition: the DOR concluded that the statutory requisites would be satisfied if the Commissioners designate the manager to initiate payment of the light plant payroll. 3. Rate of the Selectmen In any event, the auditor, treasurer, or sclec rnen cannot deny payment under this section " for lack of the commissioner's "signature." Payment only may be denied in the case of fraud, illegel or excessive expenses. $U G.L. c. 164, § 56; G.L. c. 41, § 56. The Selectmen's role in the A warrant process for a municipal light plant is set forth u follows: st• 1 , ...the selectmen. ..shall approve the payment of all bills or payrolls of such plants before they are paid by the treasurer, and may disallow and refuse to approve for payment, in whole or in pan, any claim as fraudulent, unlawful or excessive; and in that case the... selectmen, shall file with the... town treasurer a written statement of the reasons for the refusal; and the treasurer shall not pay any claim or bill so refused. Although the payment of bills and payrolls of the light department is subject to the prior approval of the Selectmen, the nature or exercise of that power must be consistent with the very restncted role that chapter 164 permits the municipality to play in the affairs of its light department. Chapter 164 effectively separates light departments from :he Selectmen's general authority over .he sppropnatiuns for :own departments under G L. c. 41, 156 See Lg,, Taunton, 323 %lass. at - 34 fhua, the Se!ectmen .ray not matte :ndeper2ent evaluations of the necessity or Wisdom of 1 , :sates 1 � 1C0 14 J1W d0 -,0 -0 RUSIN ♦N0 RUOMAN LLP a 0 1 any such payments, or in any way exercise a business;udgmem with respect :o such paymcno. $sg Municipal Light Gomm'n of Peabody, jqlla Any other interpretation wouldsendcLihe SIC deeitions in to and Peabody. and the authority confe ed by G.L. c. 164, § 56 uponith commission and manager a nullity. Under this statutory framework, the Selectmens function clearly is limited to evaluating a request for payment for evidence of fraud or illegality. They arc trot authorized to mandate procedures for payment more stringent than the statute provides. In addition, the Selectmen's authority to disapprove payment also is subject to the procedural prerequisite that it be accompanied by a wrinen matemcnt of reasons. Specifically, the # statute employs the mandatory "shall" in describing the accountant's obligation m provide such a Irr 1 statement. Sig city Rank and Trust Co v Board of Bank Incorporation, 364 Mau. 29.31 (1963); Rrennan v Election Commissioners of Boston 310 Mass. 784, 786 (1942); 1A Sands, Sutherland Statutory Construction, 424.04 (4th ed. 1972). Thus, the Selectmen cannot withhold their approval of the warrant without providing a statement of reasons showing illegality or fraud. The failure to obtain the signatures of a majority of the Commissioners or a designated Commissioner is not sufficient under the statute. 4. School Departments Differ From Municipal Light Plants Z Finally, the DOA's comparison of municipal light plants to school deparmrerth in reaching its conclusion is misylaced. Municipal light departments and school departments differ p several irsportant:espects . First, unlike with schools, town hate no inherent authority to s operate light Plants The authority of a mumci al. Y' o operate an electric liaht plant is confened giea r lly by C 91' 164.1 34, which pmvidcs that a city or awn. "may.. in accordance with this awaaa t a° reu .., _�.UU .o.ro ...p RUBIN ^mo RUDMAN LLP chapter, construct, purchase or lease and maintain within its limits, one or more plants for the tnanufsturs or distribution of gas or electricity... for municipal use or for the use of its inhabitants." S" g{s4 G.L. c. 164, § 35 (city may not uquire such plant until authorized by vote of its Council or Commission, as specified in the statute). Under G.L. c. 164, 155, a municipality which has established or votes to establish a light plant "may elect a municipal light board..." dOL. e. 164, § 55. Municipalities were divested, early on, of control over the management of light plant operations. Capron v. Taun[on. 196 Mass. 41 (1917); Whitina v. Mayor of Holyoke. 272 Mw. 116 (1930) Under the statutory schema of Chapter 164, municipal light departments such as ILMLD operate and us managed as commercial enterprises, separate and independeat from general town governmental departments and subject to regulatory oversight by the Departmcnt of Telecommunications and Energy ( "DTE" ).' Taunto 323 Mass. at 84. As such, municipal light plant officials act under the legislative mandate of G.L. c. 164 and not u agents of the towns. Municipal light plants are "quasicpmmeseial" cntitics created by special act; municipalities themselves have no inherent rights to own and overate a business in the absence of special sF t legislation an d the enabling atYhdss, found at G.L. c. 164, § §34 Z. mg. Sass M, MacRae. 296 Mass. at 396 Spauldina v. Pcabodv, 153 Mass. 129, 137 (1891). Thus,.vithout G.L. c. 164, a town would not have the rithtto operate a municipal light plant. Macita e, 296 Mass. &t397 4, Seccnd, unlike schools, municipal light plants are flnan lydistipd entit;ys. Sx `s Middleborooxh v. `tiddleborouah Gas $ Elm Dent, 422 }fass. at 588. Municipal light plants ,4 "_1 8 ':Y .. ..- A.. RUSIN ANO RUDMAN LLP generate revenues tram rates, not taxes and the SIC distinguishes these two types of income. ilk • income from sales to private customers is not subject to the appropriations procedures of G.L. c. •t or the control of the Selectmea Municinal Light Cocoon of Peabody, 348 Mass. at 271. 1, Although school departments have some degree of autonomy with respect to fiscal matters, the relationship between towns and school departments is much more intertwined. So generally Board of Ed. v. Bosten, 386 Mau. 103 (1982). Accordingly, simply because school departments retain some measure of 9eedom. that freedom does not equate to that possessed by municipal light plants, nor does it support the proposition that the light plant commissioners should be considered department heads. School ,. departments and light plants operate under two distinct statutory schema. S. Reading_Towa Chaster aka �r We also note that the Reading Town Charter does not require the signatures of any of the I'll 7 ga 1 - Commissioners to authorize payment of RMLD's warrants. Section 3 -5 expressly gives the municipal light board authority over "all real estate, facilities, personnel and equipment of the Town perraining to the production and transmission of electrical power." That section also aclmowledges the powers given to municipal Itght boards under G.L. c. 164, § 34 C ssq, The Town Charter in no way abridges, nor could it, those powers or the powers of the Manager. As such, the Manager remains the "department head,•• :hat person in charge of the dsy- today operations of the plant, especially with regard :o the administration of accounts, payroll, and • The DTE s mpermory, nu0 my over meoatpat 1.4h, pram 4130 m4lcatm :bat the DOR xi no eurhorhy to mere !a warm procedwn to be followed by RNLD or my >ftr tunicipst iahr pLit 1 - aDaaee_I 9 Aq :L .+ ...v .U... .... . RUBIN No RUDMAN LLP other light plant finances. Accordingly, RMLD would not need :o seek a modification to the Town Charter to give the Manager the sole authority to sign warrants. In sum, we conclude that only the Manager's signature is required to obtain payment of payroll and other expenses. Gar conclusion is supported by G.L. c. 164, § 56, as well as the specific requirements under G.L. c. 41. to I . Please let us know if you have any questions on this matter. sb .curt �a Rtge I of i E Vincent Cameron From: Boor Gma lbogmaWrp2eanmink retl Sent: Surday July 08. 2012 9 06 PM To: Vmcent Cameron Cc: Phil PaclM Bob Soli, Marsre West Bob Fournier Jeanne Fob Subject: Account Payable Sigmng from 2000 I'o lid low upon the yucslion of account patahles. it Iplran It loin the minutes Ivelow that the issue wos to go b( Top n Mcd ing in 2000 - did this happen and wh:0 w;u the oulnnnhe:' It also appears that then was a hricf lion, R &R. is that;nailahle :I 16 Lowell Street, Reading, MA 111361 September S, 2000 Stan Time of Meeting: 7:45 p.m. End Time of . \feeling: 3:20 p.m. ,\ftsnrltu: Fommissionen: Messm Amn, flughes, Pacino, Rurddll and Swyter RMLU Staff: Mr. Rucker and Jts. ('avagnare ('. \It Member: Mr. Roger Lessard Quests: Allorn"s Ken Rarna, Diedre Lawrence, and Ted (',hen Selectmen: Messrs. Nestor, fines, Cummings•, Mses. lloyt and tnthuny *Mr. Cummings arrived at the end of the Warrant Signature Issue Town Staff: Meson. llcchenhecilkner and Foley, Ms. Schena Mr. Veslur noted the Reading Municipal I ighl Board had their counsels presnu as "C11 .1, I own l lno!scl fed (."hen I le nowd lltm Paler mid he had talked Ana the item .m the apenJa. and had included inllmnouon in the package, cnrre.rymdeneo.:md a Icgal hriet limn Ihihiu and Rudman. \Ir. Ne,lor.i,kcd %Ir. I Icd!enh1okowr ut .urlmmri /v the issnc LetI,re the Sclecmwn. \h I I: J!enMaAnrr .!.ncd Ih.0 fie I i_hl Mmrd had r.•yuc.h'd to inecl w Ill the IlHlyd ul ve lcclaIV11 .a,d ihal 'hc ..era• i. t10.' Pn raes rcyuocd is the I ,,1 1 Goo qy +nw.d nl I i•_hl I III'," I" rc It Ialls .111,1 r: IN ndi Mr l lcal+cnhlcikner nnal I tJ, :r.,I the luwn( hutcr.d!e loon \Lu!.tgcr.r_m dl !hc p :nn'll lnr da• In „II un hi ;lino vl•' •'l, ,m,1 huht J.p.u'tntcnl. \Ir I laahcnhlcrl,ncr mo,d he .Icrar'.n!an .t, urp a .mu hr ihPilh :hat i.. a nuae Innuat tgn 111 nalwr'.hao ba, me Ilre 1111 inend•ei -h q, 'I the .19 IL• ir,l .rpnn'�� hill. paa al`IC .rod p"oroll_ Mr. I Ie6cub a 1 ,hcn rat Ito binl .dc. I• el "Cl ! ne nnl! �('!cr. I ;n Rua Aar. Icd r rn�i fen la �li.nl.. the L.uc (ha' ,,.n r ,.i,a� r�gdi.h „h.n i. ..cgnc.lcd . in 11. rr,lmon ', the Rc i111nc II-"mC Rule( 4.rrler \Ir I lc, he nl•Icd.vcr nrC in.•� n .L.nr '�. na It..l.... ...II It nlman .md'hc a ntr.rn '.ncn !nvn dre l)( dt .md 'hr no04cr I " V.Ige of 1 • nlentonuldum giting their opinion that I moaners judgement by a coon t.onW dClillltely settle the issue. Hr. Pacino expressed the ('onunission position. Hr. P:xino noted the ('nnlmission would like to eel bt the print w hen the l'ommi.siuner rotate ;"1141119 dxnlselI cs. one signs the hills contplerely Inr the paper fe \leww each Illlll'. Mr, Rucker Itointcd out that the I'own and the R.\II. U repon to di lfcrcnt regulatory agencies with different perspediwcs and the Ito" duo guwem the two entities .,re somewhat di ili:renl. Hr. Rucker toned the impnt:un limor is logistics. whereas a week delay in approeak might h:oc been acceptable practice in the plst. in the computer age such delay s are un"cecptahle. I'he ('On)naissiuners hate juhs and lites;nld arc not adw;tys a, ailable to R \II. U. h:xtensi\e Board and Selecunen discussions ensued. Mr. I lechenhlcikner noted the issue is not of Icgalip. the issue it is a dilterence ol'opinion helwecn RHI. U's counsel. loam Counsel said the IN )R. \Ir. Iltzhwbleikner no0.d then could he a charter change or it declaralon judgement through the court. Mr. I lines asked what had changed to bring the issue "pat this time. %fr.:\ntes explained that the recent Wcst Roy Won decision ellietitcly stripped the Light Boards ol'any lolwer to preeau a pay ntcnt that had been approoed by the light deptrtmcnt manager so than the onis • reason li r rew icw of bills and pry roll he I.ight Ifoards taus One ul' business prudclxe. Mr. I lahenhlcikner noted that before the charter change The Selectmen all hod to sign the warrants. Mr. I Icchenbleikner alstt noted that the warrant closes September 261h fir hull 1'Own Heeling, Mr. Nestor asked how ate gel Ito n hem Ill then. i Mr. Nestor made a ouniun uconded by \Is. I lust that the Board of Scicctmen requesl I Town Manager and Yawn Counsel and fawn . \ccuuntant 1" d0'eloP language liar the suhsequcra Town \feeling ha achie\e the change required to allow the Huniciptl I. fight Board nt h:oe one nxnther and the ( iencral Manager to attlhori,c ply meal OI hills and pa\ roll. Notion curried 4:11: 1. Hr. ('umminps abstained from this cute, as he w as not present fur the full discussion. \ rue cop% of the li \II I) Ibeud off o mini ors ggtun cd la the ill.,ittny of the( om nl, —,t nt. \Ilan I \mos scs Il \If I) 11. yard. t t'�nnn.n.,, n -,c,, tl "I READING MUNICIPAL LIGHT DEPARTMENT ru: RMLD Roard ut C',.mmi. +sliot n (u 1y 31, 2012 from: Vinme Cameron j,u hd'I`•eh \canml I'ayablc Warrant tiignature Issua At the July 25, 2012 RMLD Board meeting, the RNII.D Board adopted the rea,mmendotion of the R.MI D Board Pohcv Committee to refer the Account f avahh• Warrant Signature issue to the .\Massachusetts Attnmey Genend's (A(;) Office for a doemlinatiun. I did not comment on this action it the RMLD floatd meeting because I herded to analyze the ramification of this decision. f luwever, ifte•rconeidering the proposed action, I tiffe•rthe following. What haMrmd In the put with respell to thin imue? In 144w, the RMLD broached the same issue (tine signature on the Account Pavable Warrant) with the 1'uwn of Reading. In 1`1`07, the Department of Revenue (IX)R) had tendered an opinion fur West IAy htun, .Laing that municipal light plants need a ma)Ilrity tit their Huard Members tit sign the Account I'ayable Warrant. In 2(MM), the RMLD asked Rubin and Rudman for an opinion on this issue, which stated that only the General Managers signotury was resluired tin the Account Pavables Warrant. (You were sent copies of Kith the fX)R opinion (7/12/ 12) and Rubin ,rod Rudman opinion (7/4/12) by a -mail) At the September 5, 2(MX) Reading Selectmen's merting (minutes attached), the RMLD Ikvtnl Mviubvrs and the Town of Reading S,dectmen discussed the \co,unt P.wable Warrant signature issue and it was agreed that one MUD Miarf Memlx•r would sign the , \sound 1`.avaMe Warrant .uad the• town Charter would he amended to reflect the change .According to Chairman Pocino, the Issue lost traction be•tom it went before ruwn Meeting. What is happi —S presently? I hate ducusvd thv.\ccount I',tv.dtly Warrant Signature, issue with the Reading ruwn Manager and It is It is nvucnli. n1 Ih,n the Rnphng Io,I %it ('ha rter reyuInes that a majority of Ihv R \II D Ik,nrd w rt µjmred to sign the \cmunt I'.I%eblc Warrant. the 141.111) Ilok% ( \,nnndtee - oggr,rs ".t"ning the Issue to the . \l. ,Ind the K \II 1) Ik"ard ,, -mmrod 1, eh this a non. It es nor rlLor h. nn• that rho \G has ,Ina •pr, ilie authunry „trr mmlp ilal light plant. IIIr \C'. ,diw dc.i is eida •,h,•• end hauls n cdrdmg thvlr otA lo" .rod , h.utcry ( hept. r : "I n It, \Ln.aehu., It' l.rnrrel I.Iw 1\I(,I I that C• 1 r1111 nnuu, 111,11 h,�ht )•lent. in husrrh 11," ",, r. l hoot, .1 d „r "I 111,a11% 111.1r,— 11, roam •ig nahlre. n'e rryuin d. it it, \-Mint 11.I, .,blr l\ immt. • ® Me PI`17IVR opinion for the faun Of Nest %I' Wo, t,,,d to Axn•u is .till out them- and I don't Anon Iha1 .111V \Lissachusetts Cvnvnil Lnvs have changed which would alter that opinion. Given the fads ah,ve, then an•a feu unmtsuend questions surrounding this issue. I Wommend that the Rlll_D Miami ncansialvr its deli ion to go it, the . \C with this issue. Ihv R.MI D lirsird should meet with the Sdvdmen ,md dis.uss this issuv lx-fore rNrlonng other avenues of ft-lief. • E G, L [� |� §) |�( \) . \) I �„ 1§| �2§ )k/ § � ;)) � ,■ �!! I ;)�/ ))§ | {; on )E � ,,� �r= � ■- . ■. (k !2 §§ � §k � §§ J! , )| � )� ■_ § §! !'( ■! � |; §§ { \!§ Account Payable Warrant - September 21 Account Payable Warrant - September 21 Jeanne Fotl Sent: Monday, September 24, 2012 6:57 AM To: Accounting Group Cc: Vincent Cameron; Patricia Mellino Good morning. There were no questions for the Account Payable Warrant - September 21. Thanks. Jeanne Fold Executive Assistant v ` Reading Municipal Light Department 781- 942 -6434 Phone 781 - 942 -2409 Fax Please consider the envnwmwnt before printing Ih,s e- snail. • Page 1 of 1 https: /'owa.nnld.conVowai ?ae= Item &t =1 PM. Note &id= RgAAAACOkZlrlkKLQ6uBL6Pyd... 9/24i2012 Account Payable Warrant - September 28 Account Payable Warrant - September 28 Jeanne Foti Sent: Monday, October 01, 2012 7:00 AM To: Accounting Group Cc: Vincent Cameron; Patricia Mellino Good morning. There were no Account Payable Warrant questions for September 28 Thanks. Jeanne Foti Executive Assistant Reading Municipal Light Department 781 -942 -6434 Phone 781 - 942 -2409 Fax Please consider the environment hefere Vrintir,, this email. Page I of I • https: / /owa.rmid. cum /owa/ ?ae= Item &t =IPM. Note& id= RgAAAACOkZlrlkKLQ6uBL6Pyd... 10/1/2012 • 1P QUESTIONS 10 -12 -2012 AP QUESTIONS 10 -12 -2012 Patricia Mellino Senn: Tuesday, October 16, 2012 8:16 AM To: Accounting Group Cc: Jeanne Fob; Vincent Cameron Good Morning, There were no questions for the October 12, 2012 Accounts Payable. Thanks. Patty Mellino Facilities Operational Assistant Reading Municipal Light Department Phone: 781 -942 -6413 Fax: 781- 942 -2409 A Please consider the environment before printing this e-mail. Page I of I htips: /; owa.rmld.com/owa/ °ae= Item &t =IPM. Note &id= RgAAAACOkZlrlkKLQ6uBL6Py... 10/22/2012 Account Payable Questions - October 19 Account Payable Questions - October 19 Jeanne Fotl Sent: Monday, October 22, 2012 12:20 PM To: Accounting GrouP Cc: Vincent Cameron; Patricla Mellim There were no Account Payable Questions - October 19. Thanks. Jeanne Foti Executive Assistant Reading Municipal Light Department 781 -942 -6434 Phone 781 - 942 -2409 Fax Pease consider the environment before printing this a -mail. Page I of 1 https: / /owa. rmld.com/owai ?ae=Item &t =IPM. Note& id= RgAAAACOkZI rlkK LQ6uB L6 Py... 10/22/2012 • • Payroll - October 22 Payroll - October 22 Jeanne Fob Sent: Tuesday, October 23, 2012 7:15 AM To: Accounting Group Cc: Vincent Cameron; Patricia Mellino Good morning. There were no Payroll questions for October 22. Thanks. Jeanne Foci Executive Assistant Reading Municipal Light Department 781 -942 -6434 Phone 781- 942 -2409 Fax Please consider the envirommart before printing this e-mail. Page 1 of 1 https: / /owa. rmld. com/owa/ ?ae= ltem &t =1 P M. Note& id= RSAAAACOkZl rlk KLQ6uB L6Py... 10/23/2012