HomeMy WebLinkAbout2016-06-30 RMLD Board of Commissioners Minutes� or
Town of Reading
4S Meeting Minutes
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Board - committee - Commission - Council:
RMLD Board of Commissioners
Date: 2016-06-30
Building: Reading Municipal Light Building
Address: 230 Ash Street
Purpose: Public Meeting
Attendees: Members - Present:
Time: 7:30 PM
RECEIVED
TOWN CLERK
READING, MASS.
Ali OCT 25 A 41111
Location: Winfred Spurr Audio Visual Room
Session: Open Session
Version:
Thomas O'Rourke, Chairman
Philip Pacino, Vice Chairman
David Hennessey, Commissioner
John Stempeck, Commissioner -Secretary Pro Tem
David Talbot, Commissioner
Members - Not Present:
Others Present:
Staff:
Coleen O'Brien, General Manager
Bob Fournier, Accounting/Business Manager
Hamid Jaffari, Director of Engineering and Operations
Jane Parenteau, Director of Integrated Resources
Jeanne Fob, Executive Assistant
Climate Action Committee:
Ron D'Addario, Chair
Ron Porter, Member
David Zeek, Member
Jeffry Emerson, Associate Member
Gina Snyder, Associate Member
Public:
Mark Dockser
Peter Lydecker
Michael T. Smerczynski
Minutes Respectfully Submitted By: John Stempeck
Topics of Discussion:
Call Meeting to Order
Chairman O'Rourke called the meeting to order and stated that the meeting was being videotaped, it is not a live
broadcast. Alexander will be this evening's videographer. Chairman O'Rourke welcomed him and thanked him
for his service. Viewers can check at www RCTV.ore for more information and replay times. This meeting will
also be played on YouTube tomorrow. The meeting is also being videotaped for distribution for community
television stations in North Reading, Wilmington and Lyn diield.
Page I 1
Introductions
..i Chairman O'Rourke read the RMLD Board of Commissioners Code of Conduct Chairman O'Rourke
acknowledged and welcomed Mark Dockseq Ray Porter, Peter Lydecker, David Zeek, Jeffry Emerson, Ron
D'Addario. Chairman O'Rourke thanked them for their participation. Chairman O'Rourke stated that there will be
no CAB representation at the meeting this evening.
d ' Chairman O'Rourke stated that Mr. Hennessy needs to leave early due to a previous engagement.
Report of the Board Committee — Mr. Hennessy
Policy Committee
Mr. Hennessy reported that the Policy Committee met before the RMLD Board meeting and will be voting on new
draft policies soon.
Report of the Chairman of the Board
General Manager Vehicle Allowance
This was discussed at the General Manager Committee meeting on October 20, 2015, vote is required.
Chairman O'Rourke reported that the General Manager Vehicle Allowance will be taken out of order. Chairman
O'Rourke explained that the General Manager's agreement includes an opportunity for a vehicle to use. Evaluation
of the costs and adminiytration consistent with what other businesses are doing has been performed. The cost and
benefit analysis and the benefit to the RMLD<as well as the General Manager were evaluated. The analysis
demonstrates a break even whether there is a vehicle provided by the RMLD or vehicle allowance. By surrendering
a company vehicle, it will free up a vehicle for/organization use. The arrangement provides for a fixed monthly
allowance that is all inclusive of operating expenses, insurance as well as the cost of maintenance for the vehicle.
Mr. Talbot added that this would be approximately 18,000 miles at the federal rate. When all else is added the
allowance is on track. Chairman O'Rourke said that after a yew the General Manager will have an option of a
company vehicle and the General Manager can then opt out for an RMLD vehicle.
Mr. Pacino made a motion seconded by Mr. Talbot that the RMLD Board of Commissioners propose to the General
Manager an amendment to the Reading Municipal Light Department General Manager Employment Agreement,
dated lune 26, 2013, which will give the General Manager the option, exectimble in her discretion, to receive a
monthly vehicle allowance of $800.00 for a 4 wheel or all -wheel drive vehicle, which amount would also cover
capital, operating, maintenance and insurance expenses.
Motion carried 5:0:0.
Mr. Hennessy left the meeting at this point
Fiber Optic Committee Meeting
Chairman O'Rourke reported that the Fiber Optic Committee needs a vote to be taken to reinstate the committee.
The committee has been spending time analyzing the opportunities the fiber optics have for the RMLD.
Mr. Talbot reported that the members am Mr. Patina and Mr. Talbot and polled any other Board members that have
interest in the Fiber Optic Committee, in which there was none.
Mr. Talbot stated that the Fiber Optic Committee has had a couple of meetings and discussed having a small trial to
explore what the costs would be to provide high cost speed services to businesses in Wilmington. It is a small
contract in which there am some questions about, how to perform the quick and dirty analysis. Mr. Talbot added
that the Fiber Optic Committee should reconvene for one meeting on how to finalize the questions on one small
exploratory trial.
Chairman O'Rourke said that he would like the Fiber Optic Committee to look at the feasibility and may need a
more robust survey that includes the other towns. Ms. O'Brien said that she and Mr. Jaffati have a little bit of
concern about what the scope is. What was identified in the scope in the Fiber Optic Committee, she is not sure if
that was conveyed properly to the potential consultant. Ms. O'Brien said that when this committee reconvenes,
what we want to get out of this, the small test was Ms. O'Brien stated that she has no problem implementing it,
there were changes in the scope. Ms. O'Brien would like to clarify with the committee to see if this what they want.
Mr. Talbot said that this can be handled at the committee meeting.
Mr. Pacino made a motion to reinstate the Fiber Optic Committee seconded by Mr. Stempeck with a mandate that it
make a report back to the Board by the September meeting after which it will expire.
Motion carried 4:0:0.
Page 1 2
Public Comment
Chairman O'Rourke said that the Climate Action Committee is present and can now speak There will be a
presentation on solar, he does not want to take away the option.
Mr. Talbot commented if there could be give and take with members of the community during that presentation
which could serve as a time to communicate.
Ms. Snyder stated that she is an Associate Member of the Climate Action Committee and is very excited to hear
what Mr. 011ila has to say and the Climate Action Committee is excited about this concept and the presentation.
Chairman O'Rourke polled those present for any other comments, there were none.
Report RMLD Board Member Attendance at RMLD Citizens' Advisory Board Meeting
Vice Chair Pacing attended the CAB meeting on June 1, 2016.
Mr. Pacing reported that he attended the CAB meeting on June 1, 2016. The community solar update and the
RMLD's Electric Service Policy and Requirements Handbook were presented. Alan discussed was the Annual
NEPPA Conference attendance. There was discussion on the generator project in North Reading in terms of what
the town is looking for such as the paving of the driveway which is an open discussion with the Department.
Chairman O'Rourke asked RMLD Board Commissioner, Mr. John Stempeck to act as Board Secretary for this
evening's meeting.
RMLD Citizens' Advisory Board
Chairman O'Rourke stated that them was no RMLD Citizens' Advisory Board member present. Chairman
O'Rourke pointed out that the CAB has representation from each town RMLD serves. The CAB attends RMLD
Board meetings and the RMLD Board attends the CAB meetings.
Mr. Pacino said that the CAB inquired if there is a Reading representative on the CAB. Mr. Pacino pointed that Mr.
Mancuso recently left the CAB. Ms. O'Brien explained that the CAB representative is appointed by the Board of
Selectmen. The RMLD will check into this.
General Manager's Report — Ms. O'Brien
Ms. O'Brien reported that National Public Power Week is the fust week of October. The RMLD will be having its
Open House. All employees will be participating in the design of it this year. A couple of years ago, the RMLD had
more of a line construction tangible displays. Last year was more of an internal educational displays with a big top
theme. Weare looking for a theme. The theme of the annual report is going to be `shave the peak' with artwork at
the Open House. Ideas such as shave the beard or the Italian ice for children. Any ideas can be brought forward.
Charman O'Rourke said that it is a great event. Ms. O'Brien added that last year there were the electrical can.
Maybe them can be solar panels displays as well as a local band.
Mr. O'Brien said that when Mr. Fournier reports on the Financials, the auditors were in and the physical inventory
has been completed.
Power Supply Report — March and April 2016 — Ms. Parenteau (Attachment 1)
Ms. Parenteau reported that she will be presenting the March and April 2016 purchase power. Kilowatt hours
purchased from March 2012 to March 2016 show that there was a significant decrease this past Much, a 7.2%
reduction in kilowatt hours purchased. On the preliminary side for the fiscal yew with some preliminary estimates
for May and June, RMLD's annual sales are down a little less than 3%. The RMLD forecasted had anticipated a 1%
decrease it is 2% higher than projected.
RMLD's energy cost for March ranges to a little under 60 which occurred in 2014 to a low of 40 which occurred this
past March. Costs have been coming down which is reflected in a lower Fuel Charge which is assigned to customers
only a monthly basis. Transmission for March is increasing steadily which the RMLD has spoken about in many
meetings. Transmission is expected to increase on a range from 6% to 10% annually. March 2012 to March 2016
there is slight variation, but the trend is upward in terns of transmission costs which is passed to the customer.
The month of April reflects the that quarter of the calendar year or the third quarter of the fiscal year. Energy,
capacity and transmission costs are reflected on a quarterly basis. As typically occurs in New England because of
the central gas constraint, RMLD's energy costs are high in the winter period (January to February). As the RMLD
gets into warmer weather those costs tend to decrease significantly in March and April.
Page 1 3
Power Supply Report—March and April 2016—Ms. Parenteau (Attachment 1)
Capacity costs are $ L4 to $ L6 million monthly. These costs are consistent over the first quarter. Transmission for
the first quarter, it fluctuates based on the peak demand, the rate is steady with the range of $834,000 with a high of
$996,000.
Mr. Stempeck asked the if there is a root cause for the transmission costs are going up. Ms. Parenteau responded
that the transmission is socialized in the New England region. The ISO implements that through a regional network
service charge or an RNS charge. As transmission companied build more transmission all the ratepayers in the New
England region absorb that cost. Ms. Parenteau pointed out that the RMLD is fighting these costs at the FERC on
the return that transmission companies are able to earn which are in excess of 11% to 12%. The RMLD has been
working with its legal counsel to try to get this adjusted to a more reasonable rate, 10% to 11%.
Chairman O'Rourke stated that he wanted to acknowledge the interest, commitment and passion of the Climate
Committee. The work they are performing is value added for the community and environment at large. Chairman
O'Rourke stated that any information or suggestions will be acknowledged, brought forward. At the conclusion of
the meeting there can be a separate focus discussion.
Community Solar Update — Mr. 011ila
Mr. 011ila thanked the Board for the opportunity to provide an update on the community shared solar efforts. Mr.
011ila said that this has taken longer than initially anticipated; we have been working on this for well over a year. It
has gone through several iterations since inception. Mr. 011ila said that now the RMLD has a strong viable program
which we are ready to launch. After the meeting, assuming that the Board gives the final go ahead, we can then
publicize the program.
Chairman O'Rourke asked if the slides would be available. Mr. 011ila responded yes, and he has provided the same
presentation at a recent CAB meeting as well as to the Reading Climate Advisory Committee (CAC) a week ago.
Mr. 011ila said that the program will be called Solar Choice. Solar Choice is RMLD's implementation of the more
general concept, community shared solar. The community shared solar concept has been around five to ten years.
This concept is relatively new in Massachusetts, but several communities and ad hoc groups have had success with
community solar projects. One of the recent RMLD milestones was getting approval from Massachusetts
Department of Energy Resources (DOER), who reviewed RMLD's implementation of the program and certified die
RMLD does meet the guidelines of community shared solar. Mr. 011ila said that the certification from the DOER is
economically valuable for rooftop applications, it dramatically increases the value of the SRECs. A solar PV
system's SRECs are normally categorized at .9, but if the same system is deemed community solar it is 1, an extra
10% of the SREC value. This is additional value that helps to pay for the program and allows the cost savings to be
passed on to the end users.
Mr. 011ila said that the fust step in Solar Choice is that the site owner and RMLD select a developer to finance,
engineer, procure, construct, own and operate the system. The army itself is owned and operated by a private
developer. The RMLD negotiates the PPA with the developer, approves the system specs, the interconnect and then
RMLD solicits residential customers to join the program. One of the requirements of DOER is that this has to be an
"opt in' program. The main advantage of having the system privately owned is that it allows the private developer
to take advantage of the various federal and state tax incentives. The RMLD as a municipal entity would not be
entitled to these tax incentives. Mr. Talbot said that it states that the facility is privately owned, but also states a
privately owned site. Mr. Talbot asked if the site is in Wilmington. Mr. 011ila responded that the RMLD does have
a specific site in mind for its fust project which is on a private building in Wilmington. A PPA was negotiated with
that developer who will make lease payments to the site owner.
Mr. 011ila explained that the RMLD's original intent was to work with the towns and build a system like this on a
town building. For many reasons it was not a good time and fit for the towns the RMLD spoke with. During the
evolution of the program, the way it was structured was no different for the RMLD whether it was private or public.
Mr. Talbot stated that the difference is if it is on a town site, the town receives the lease payment, and the town
receives the revenue. Mr. 011ila replied that is correct. Mr. Talbot asked who decided at the town level not to do
that. Mr. 011ila said that it is up to the town manager, facilities manager and/or whoever is taking leadership in the
project for the town. Mr. Talbot asked if this would involve Town Meeting. Mr. 011ila said that he does not believe
that Town Meeting needs to vote this, only notification. Mr. Pacino pointed out this would not go before Town
Meeting unless the town was borrowing money for this project. RMLD did not have to go through an RFP process
because it is not purchasing any hardware. It was a private developer that approached the RMLD. Mr. Talbot asked
what the lease payment amount is. Mr. 011ila responded that recent market prices for such leases have been in the
range of $15,000 to $30,000 per megawatt. Mr. 011ila said that it is a lease payment and that the property owner
does not own the solar project's SRECS. All the power goes into the RMLD grid. Mr. Talbot asked if a town had
Page 1 4
Community Solar Update — Mr. 011ila
five acres of land a town entity could receive a six figure revenue from the lease of the site in theory. Mr. 011ila said
that the way the program is structured there is no difference whether the site owner is private or the town, they
would both receive the same benefit. For the project in Wilmington, the town will receive a personal property tax
on the equipment. Mr. Patin asked what would that amount might be. Mr. 011ila responded that tax is typically in
the range of —1% of the value of the solar PV system, or approximately $5,000 to $10,000 =natty for systems of
this size. Mr. Talbot asked if that is a Wilmington specific thing. Mr. 011ila responded that it would be specific for
each town and their tax assessing department. Mr. Talbot stated that hypothetically if Jordan's and Home Depot
installed a solar PV system, then in theory Reading could receive that rax revenue. Mr. Paciao pointed out that the
capital can be put out by the private developer. The towns may not have the capital for such projects.
Mr. 011ila said that for the RMLD site in Wilmington, the site owner receives a lease payment for renting their
property. This initial phase of Solar Choice will be limited to the first 500 RMLD residential customers to sign up.
It is an opportunity for our customers to benefit from clean, renewable solar energy who may not have the capital or
their home is not optimum for solar. The major economic benefit is that it is a fixed price hedge for the long term.
The solar contracts are for twenty years with the hedge over inflation a major advantage. The town of Wilmington
will receive a property tax payment. The direction from the Board is to increase RMLD's renewables and this
project will assist in achieving that The participant fee is estimated to be approximately $6/month. In year two it is
estimated that they will also start to receive $9/month in credits, which yields a net savings of —$3/month. A typical
residential electric user will save approximately $300 over ten years. Mr. Stempeck asked if the ten-year savings is
inflation adjusted. Mr. 011ila said that yes, inflation escalators were added to the Fuel Charge rate. What the
residential customer will be doing with this program is paying the premium cost based on the difference between the
PPA rate and the Fuel Charge rate. The program stands on its own and is not subsidized by residential customers
not in the program. From the RMLD's standpoint it is revenue neutral. Mr. Stempeck asked if this shaves the peak
Mr. 011ila responded that this will shave the peak Also a consideration is the increase in SRFC value because it is a
communitysolarproject. The economic benefit is in the savings in capacity and transmission. Mr. Stempeck said
that this does not stop in ten years. Mr. 011ila explained that the PPA is for twenty years. Mr. 011ila said that the
RMLD is thinking of making the program enrollment for ten years, but with the option to continue after the initial
ten-year period. The RMLD's intent is to have 500 customers sign up with others on a waiting list. Mr. 011ila said
that the RMLD plans to end the Green Choice program which consists of 150-200 customers will be able to replace
it with this Community Solar program.
Mr. D'Addarfo said that he is the Chair of the Reading Climate Advisory Committee (CAC) for a short time, since
his term expires this month. Mr. D'Addario said that he is totally behind the Community Solar program and solar
coming to the RMLD. Mr. D'Addario added that Mr. 011ila made this presentation at a recent CAC meeting. Pan
of the savings with solar is emissions. When we look at global warming. The state has mandated to reduce the
carbon emissions 25% by 2020. The cost of solar has come down exponentially. Green Mountain Power is selling
Tesla batteries for homes in Vermont as backup or can be used to shave the peak. In five years, someone with solar
mould use battery storage and be independent from a utility. Mr. D'Addario stated that the utilities in New York and
Massachusetts are trying to decouple the way they make money away from selling kilowatt hours, capacity and
transmission. The CAC is questioning how we reconcile it; we are all on the same page. Global warming indicates
that something is going on worldwide. New York has a system where it is performance based, not based on the
kilowatt hours sold, but on distributed energy. Mr. D'Addario said that the CAC asks itself how do we begin with
Community Shared solar so it can be implemented. Mr. D'Addario stated that our salvation is going to be energy
conservation, solar, wind and geothermal. He would like to we that paradigm shift with community solar. As solar
rates come down it could be less expensive thea fossil fuel. Mr. D'Addario said that he would like to we the RMLD
be the champion of residential solar, the quicker the better.
Mr. Talbot thanked Mr. D'Addario for his statement and his commitment w the community. The fundamental
conflict comes back to organizations such as the RMLD where the business model is to sell electricity and that is in
conflict with the societal need. A lot of carbon emissions are attributable to electricity generation. It is a tough
problem, state and federal policies need to help to make those economics work. Mr. Talbot said that he is been in
touch with Concord Municipal Light Plant for a study he is performing. They have the most sophisticated municipal
smart grid in the state. They have put out a request for proposal for strategic planning consulting services which
dovetails, as a public power entity CMLP, embraces its responsibility to serve the public interest recognizing that
public interest imperative to protect our current and future customers from the profound consequences of climate
change.
Simultaneously we wish to continue our proud tradition of meeting our customers' needs at the highest quality of
services in order to achieve both these goals. In the second century of their operations they want to change their
business model, structures, policies and procedures, infrastructure, power supply, services, communication practices,
Page 15
Community Solar Update — Mr. 011ila
rates and strategic partnerships. Mr. Talbot is following that process and hopefully bringing that into Reading.
There is one municipal out there that is going forward with this and they have a fiber structure tore that can enable the
communications and rapid movement of power. If a home generates more than it uses, it needs a two-way meter. If
you are storing it, you need two-way communication to the storage medium Mr. Talbot said that Mr. Jaffari is
working on how RMLD can do this. The RMLD does not have a smart grid infrastructure in Reading. Mr. Talbot
stated that as a board these topics can be advanced.
Mr. D'Addario added that he would like to we the RMLD be part of the installation and ownership of solar. Mr.
D'Addario commented that there are solar companies that have failed, but if RMLD were to sell solar, reat the
batteries it bas cache within the community. There would be no concern of RMLD going bankrupt.
Chairtm n O'Rourke thanked Mr. D'Addario. Mr. Talbot added that the RMLD has a great new initiative to shave
the peak. It is a big effort by the Department to shave the peak which can be done in the near term.
Mr. Stempeck stated that found in Consumer Reports this month there is an article that has a very good analysis of
the cost of residential solar.
Mr. Zeek will soon be replacing Mr. D'Addario as Chair of the CAC. Mr. Zeek said that as a resident of Reading he
is pretty excited with RMLD's solar project and would like to subscribe m it. He hopes this is the first of several
that the RMLD installs. Also, use solar for shaving the peak. Mr. Zook stated that he was impressed with Mr.
011ila's presentation when he came to the CAC meeting. Mr. Zeek said that he is a little disappointed that the first
installation is not Reading. He hopes the second solar installation is not too far behind. As a member of the CAC,
he would like to echo some of Mr. D'Addario's comments. The CAC is also looking at its own action plan for the
fume. For the CAC to be effective it has to align with Reading as well as the RMLD. It will only work if it is a
partnership. What they would like to pursue with the RMLD is that the RMLD become more of a service partner
with its customers, not just a supplier of electricity, but a supplier of electric services. Light bulbs and water heaters
are good that also cut the demand. If one of RMLD's customers purchases an electric vehicle and charges it at home
that will require 300 kilowatt hours per month. Mr. Zeek added that Mr. Porter added a heat pump, but increased his
energy usage by 400 kWhs/month. It is doubling their usage. RMLD could be leading that charge with its business
model to make it notjust a supplier, but a partner.
Mr. Talbot asked if there are rebates for a ground source heat pump. Ms. Parenteau reported that the RMLD has
rebates for electric vehicle charging stations, RMLD will pay up to half the cost of the charging station including
installation capped at $1,500 per installation. On the geothermal side, the RMLD has a rebate that will pay up to
$4,500. Mr. Talbot asked how many customers have availed themselves of the heat pump. Ms. Paremeau reported
that less than ten customers have. Mr. Talbot clarified is that for the whole history of the rebate. Ms. Primmeau
responded that is correct Mr. Zeek said that it would be good to have a charging station downtown. Ms. Parenteau
said that charging stations have been put in the capital budget for the next four years. Mr. Talbot said that the CAC
does not need the RMLD's approval to promote these programs because they reduce carbon emissions. It would be
good if there were advocates for this technology. Mr. Zeek said that their committee wants to promote these things
with RMLD's participation. Mr. Zeek said that a municipal entity has the power to do things on its own that are
optimal for the local businesses, communities and customers.
Mr. Porter said that he has the heat pump at his residence. The value of that is the power he draws from RMLD that
is from renewable sources. He has given up fossil fuel at his residence. It is a win-win to put in a ground source
heat pump when the energy that comes from the utility is from a renewable energy source. Mr. Porter stated that he
and Mr. Zeek will be making a presentation on RCTV. Do consider the CAC as a voice for the projects.
Chairman O'Rourke stated that he appreciates all the feedback On behalf the commissioners, he thanked the
committee for all the input.
Mr. Dockser asked about the Reading sites, has Mr. 011ila surveyed sites that would be possible and revenue
generated. Mr. 011ila explained that over the course of the last year and a half he has met with the town manager,
facilities staff, there at least three easy sites that can be in Reading. Every project is a mix of potential, investment
and logistics. The first project should be a "showcase", but a strong mix of attributes did not emerge for any of the
town projects. Mr. 011ila explained that the combination of roof top and canopy for the Reading high school could
supply as much as 1.3 megawatts of solar output and could potentially generate approximately $30,000 to $40,000
of lease revenue for Reading. The town is not buying anything. They are allowing for the use of their space. Mr.
Dockser clarified that the risk is owned by the private group. Mr. 011ila said that is correct. The liability and
insurance is on the developer who also signs the PPA. The developer only gets paid if they deliver power. The
impems is on them to keep the system working as efficiently as possible.
Page 1 6
Community Solar Update — Mr. 011ila
Chairman O'Rourke thanked Mr. 011ila.
RMLD Electric Service Policy and Requirements Handbook—Mr. Shah
Mr. Shah reported that the he has been working on developing the RMLD Electric Service Policy and Requirements
Handbook with a team of RMLD employees. This handbook is a tool not only for RMLD employees, but customers
as well. This will be available on RMLD's website and is a searchable PDF. It will be reviewed every two years or
if standards or practices needs to be updated. The handbook contains such items m temporary electric services.
Chairman O'Rourke asked does the Handbook have any relation to the Terms and Conditions.
Ms. O'Brien said that the Terms and Conditions are the contract between the RMLD and its customers that are
taking service. It is not an overlap, but filed RMLD rates and Terms and Conditions are found in the Handbook. In
addition, the scheduled referenced in the Terms and Conditions fee schedule has been added to the Handbook and
kept a prevailing wage. As Mr. Shah stated, this is intended to be a mechanism for RMLD's customers and
internally for consistency, how does the RMLD operate? How do you get a service connection? Ms. O'Brien
pointed out over the last one hundred years there have been handshakes, but this brings everything together for
consistency and safety when operating an electric utility.
Chairman O'Rourke thanked Mr. Shah.
Engineering and Operations Report—March and April 2016—Mr. Jaftari (Attachment 2)
Mr. Jaffari reported on the Engineering and Operations report for the months of March and April. On the capital
improvement projects for March and April there was substantial completion on projects. Routine construction the
yew to date monies spent were $1,288,977. Routine maintenance there have a number of maintenance
improvements initiated to improve the assets at RMLD. For the Transformer Replacement program padmount 17%
and overhead 13% replaced. Pole inspections, 169 poles replaced, 94 the transfers have been completed by the
RMLD. Visual inspection of overhead lines is performed to identify potential problems or failures have been
completed on twenty-one circuits. Manhole inspections 277 have been inspected. Porcelain cutout replacements
91% complete with 257 remaining to be replaced.
Tree trimming trimmed are as follows: March— 268, April — 160 and year to date 2,281 spans. Substation
maintenance on a monthly basis this is performed. In April and May there were no hot spots found.
The BUILD owns approximately 16,000 poles, 50% owned by RMLD and 50% by Verizon. The custodial (who
maintains the poles) of the poles in Reading it is split, North Reading, RMLD, Lynnfield, Verizon and Wilmington,
Verizon. Lynnfield four transfers, Reading forty-eight transfers, North Reading eighteen transfers, one set pole and
forty-six pole removals, Wilmington, forty-three transfers, four poles pull and one guy wire installation.
The reliability indices SAIDI, CAIDI and SAIFI we well below regional and national average. The outage causes
37% equipment, 30% trees and 20% wildlife.
Financial Report—March and April 2016—Mr. Fournier (Attachment 3)
In the absence of Ms. Markiewicz, Mr. Fournier will be presenting the Financial Report.
Mr. Fournier reported that he is presenting the April Financials prepared by Ms. Markiewicz. The change in Net
Assets for April which represents the first ten months of the fiscal yew, $1.1 million over budget expectations, the
main factor driving that is Base Revenue is up by $244,000, Operating Expenses are down $232,000. A big piece of
this is Energy Conservation is down $193,000, legal $87,000 monies not spent yet or a timing issue. The
Maintenance is down $566,000 which has due with projects not started or in the case of the hazardous material there
have not been any major spills, representing a cost savings of $200,000. Base Revenue is up $244,000 compared to
budget. Kilowatt how sales are down 11 million compared to last year's actual, the rate increase help offset some of
the decreasing kilowatt sales.
Purchased Power Fuel and Purchased Power when compare budget to actual we close to what was budgeted. The
Operating and Maintenance expense the savings were Energy Conservation below budget at $193,000. The RMLD
uses this money for the customers for conservation programs. Transformers $200,000, Tree Trimming $200,000 no
major events or storms. Legal is down $87,000. Cash is at $35 million which a little mom than a third represents the
operating fund.
Mr. Fournier said that Ms. O'Brien stated the auditors were out earlier this week. Inventory was counted over the
weekend. The auditors tested the inventory and came up with the same number as the employees submitted. The
auditors will be out again in the beginning of August.
Page 1 7
Financial Report—March and April 2016—Mr. Fournier (Attachment 3)
In the absence of Ms. Markiewicz, Mr. Fournier will be presenting the Financial Report.
Mr. Fourier stated that Mr. Stempeck asked for ratios and bad debt analysis. Mr. Fournier called four other utilities
and obtained their Department of Public Utilities report. RMLD's percentages are in line with other few utilities.
The net income does not represent the eight percent retain. RMLD is the largest of the fora benchmarked. On the
bad debt expense it looks like it represents 2/10 of 1% of the operating revenue whereas the RMLD is a.1%. Some
of the utilities had just changed thew bad debt policy and increased significantly because they were cleaning it up. It
takes one large commercial customer going bankrupt to skew the numbers.
RMLD's five-year average for bad debt is $64,000. It is due to the tremendous work of the credit and collections
performed at the RMLD.
Chairman O'Rourke congratulated Mr. Fourier for all his support at the RMLD. Chairman O'Rourke wished Mr.
Fournier a happy adventured in his retirement. Mr. Fournier stated that it has been a wonderful experience and a
privilege to serve our customers for the twenty-seven years he has been at the RMLD.
Chairman O'Rourke noted that he received an e-mail from Town of Reading Executive Assistant, Paula Schema, that
last year the Board of Selectmen formed 'Reading 2020 working groups' to begin work on a five-year planning
exercise for the town. The Board invites you and yew board/committee to attend the joint Selectmen/CPDC Zoning
Charette on Tuesday July 19, 2016 at 6:OOpm at the Pleasant Street Center. This important community discussion
will help shape the downtown and other areas of Reading as we all look ahead to the year 2020 and beyond.
General Discussion
Them was none.
BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED
E -Mail responses to Account Payable/Payroll Questions
Rate Comparisons, April and May 2016
RMLD Board Meetings
Thursday, July 28, 2016
Thursday, August 11, 2016
No Board meeting in August.
RMLD Board Policy Committee Meetin
To be determined.
CAB Meetings
Wednesday, July 13, 2016
Executive Session
At 9:45 p.m. Mr. Pacino made a motion seconded by Mr. Stempeck that the Board go into Executive Session to
approve the Executive Session Meeting minutes of January 28, 2016, discuss strategy with respect to collective
bargaining and return to Regular Session for the sole purpose of adjournment.
Chairman O'Rourke called for a poll of the vote:
Mr. Pacino, Aye; Mr. Talbot, Aye; Chairman O'Rourke, Aye; and Mr. Stempeck, Aye.
Motion carried 4:0:0.
Adjournment
At 10:10 p.m. Mr. Pacino made a motion seconded by Mr. Stempeck to adjourn the Regular Session.
Motion carried 4:0:0.
A We copy of the RMLD Board of Commissioners minutes
as approved by a majority of the Commission.
John Stempeck, Secretary Pro Tem
RMLD Board of Commissionera
Page 18
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To: Coleen O'Brien �1
From:���taureen McHugh, Jane Pazenu
Date: May 11, 2016
Subject: Purchase Power Summary - March, 2016
Energy Services Division (ESD) has completed the Purchase Power Summary for the
month of March, 2016.
ENERGY
The RMLD's total metered load for the month was 54,319,434 kWh, which is a 7.80%
decrease from the March, 2015 figures.
Table 1 is a breakdown by source of the energy purchases.
Table 1
Repperell, Womnoco,lndian RWa,rurnWFalls,Colllns, Plooear,f slery Mills, Summlf Hydro
% of
Amount of
Cost of
Total
Total $
Sas a
Resource
Energy
Energy
Energy
Costs
%
(kWh)
($INTM)
Millstone R3
3,698,112
$6.71
6.77%
$24,814
1.15%
Seabrook
4,914,639
$2.32
8.99%
$11.396
0.53%
Stonybrook Intermediate
105,622
$311.82
0.19%
$32,935
1.53%
Shell Energy
7,467,780
$63.61
13.66%
$475,056
22.10%
NYPA
2,556,843
$4.92
4.68%
$12,580
0.59%
ISO Interchange
4,772.022
$37.52
8.73%
$179,037
8.33%
NEMA Congestion
0
$0.00
0.00%
-$580,173
-26.99%
Coop Resales
11,193
$154.28
0.02%
$1,727
0.08%
BP Energy
7,581,500
$46.90
13.87%
$355,572
16.54%
Hydro Projects'
6.700,842
$91.06
12.26%
$610,190
28.39%
Braintree Walson Unit
717,712
$60.62
1.31%
$43,508
2.02%
SaddlebaddJedcho Wind
1,945,241
$99.75
3.56%
$194,029
9A3%
One Burlington Solar
270,154
$70.00
0.491/6
$18.911
0.88%
Eselon
13,891,850
$54.92
25.41%
$762,986
35.50%
Stonybrook Peaking
28,103
$242.24
0.05%
$6.808
0.32%
Monthly Total
54,661,613
$39.32
100.00%
$2,149,376
100.00%
Repperell, Womnoco,lndian RWa,rurnWFalls,Colllns, Plooear,f slery Mills, Summlf Hydro
Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT
Net Energy for the month of March, 2016.
Table 2
MARCH 2016 ENERGY BY RESOURCE
Exelo
Saddleb
2 20,
4 BELC
• Stonybrook
Peaking, 0.05%
• One Budingtan Jericho Wind. 1.30%
ui,, n crwc '
Stonybrook
Intermediate,
0.19%
Amount
Cost
%of Total
Resource
of Energy
of Energy
Energy
(kWh)
($/Mwh)
ISO DA LMP •
14,698,542
$23.75
26.89%
Settlement
RT Net Energy"
-9,926,520
$37.50
-18.16%
Settlement
ISO Interchange
4,772,022
$26.65
8.73%
(subtotal)
' Independent System Operator Day -Ahead Locational Marginal
Price
" Real Time Net Energy
MARCH 2016 ENERGY BY RESOURCE
Exelo
Saddleb
2 20,
4 BELC
• Stonybrook
Peaking, 0.05%
• One Budingtan Jericho Wind. 1.30%
ui,, n crwc '
Stonybrook
Intermediate,
0.19%
CAPACITY
The RMLD hit a demand of 94,617 kW, which occurred on March 3, at 7 pm. The
RMLD's monthly UCAP requirement for March, 2016 was 224,695 kWs.
Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements.
Table 3
Source
Amount (kWs)
Cost ($BrW-month)
Total Cost $
%of Total Cost
Millstone #3
4,950
30.81
$152,510
9.97%
Seabrook
7,910
38.54
$304,830
19.92%
Stonybrook Peaking
24,981
1.97
$49,221
3.22%
Stonybrook CC
42,925
6.72
$288,406
18.85%
NYPA
4,019
4.19
$16,834
1.10%
Hydro Quebec
0
0
$12,206
0.80%
Nextem
60,000
5.90
$354,000
23.13%
Braintree Watson Unit
10,520
10.52
$110,697
7.23%
ISO -NE Supply Auction
67,388
3.58
$241,547
15.78%
Hydro Projects
2,002
0.00
$0
0.00%
Total
224,695
$6.81
$1,530,250
100.00%
Table 4 shows the dollar amounts for energy and capacity per source
Table
Cost of
%of
Amt of Energy
Po r
Resource
Energy
Capacity
Total cost
Total Cost
(kWh)
($/kWh)
Millstone #3
$24,814
$152,510
$177,324
4.82%
3,698,112
0.0479
Seabrook
$11,396
$304,830
$318,226
8.59%
4,914,639
0.0643
Stonybrook Intermediate
$32,935
$288,406
$321,341
8.73%
105,622
3.0424
Hydro Quebec
$0
$12,206
$12,206
0.33%
-
0.0000
Shell Energy
$475,056
SO
$475,056
12.91%
7,467,780
0.0636
NextEre
$0
$354,000
$354,000
9.62%
-
0.0000
`
NYPA
$12,580
$16,834
$29,414
0.80%
2,556,843
0.0115
ISO Interchange
$179,037
$241,547
$420,584
11.43%
4,772,022
0.0881
Nema Congestion
-$580,173
$0
$580,173
-15.77%
-
0.0000
SP Energy
$355,572
$0
$355,572
9.66%
7,581,500
0.0469
Hydro Projects
$610,190
$0
$610,190
16.58%
8700,842
0.0911
Braintree Watson Unit
$43,508
$110,697
$154,205
4.19%
717.712
0.2149
a
Saddleback/Jedcho
$194,029
$0
$194,029
5.27%
1,945,241
0.0997
a
One Burlington Solar
$18,911
$0
$18,911
0.51%
270,154
0.0700
Coop Resales
$1,727
S4
$1,727
0.05%
11,193
0.1543
Exelon Energy
$762,986
$0
$762.986
20.74%
13,891,850
0.0549
Stonybrook Peaking
$6,808
$49,221
$56,028
1.52%
28,103
1.9937
Monthly Total
$2,149,376
$1,530.250
$3,879,626
100.00%
54,661,613
0.0673
Renewable Resources
20.09%
RENEWABLE ENERGY CERTIFICATES (RECO
Table 5 shows the amount of banked and projected RECs for the Swift River Hydro
Projects through March 2016, as well as their estimated market value.
TRANSMISSION
The RMLD's total transmission costs for the month of March, 2016 were $865,365. This
is a decrease of 13.12% from the February transmission cost of $996,019. In March, 2015
the transmission costs were $987,624.
Table 6
Current Month
Table 5
Last Year
Peak Demand(kW)
94,617
RECs Summary
102,366
Energy (kWh)
54,661,613
Period - January 2015 - March 2016
58,925,210
Banked
Projected Total
Est.
$3,101,904
RECs
RECs RECs
Dollars
Warmcro
1,076
2,474 3,550
$88,750
hppeml
714
1,938 2,652
$66,300
Indlan Mrer
690
1,238 1,928
$48,200
Tunws Falk
1,377
928 2,305
$0
Saddleback
4,348
4,484 8,832
$220.800
Jericho
0
2.586 2,688
$64,650
SOLI
MFA Sell
0
$0
Grand Total
8,21/5
131648 21,853
$488700
TRANSMISSION
The RMLD's total transmission costs for the month of March, 2016 were $865,365. This
is a decrease of 13.12% from the February transmission cost of $996,019. In March, 2015
the transmission costs were $987,624.
Table 6
Current Month
Last Month
Last Year
Peak Demand(kW)
94,617
104,312
102,366
Energy (kWh)
54,661,613
54,713,753
58,925,210
Energy ($)
$2.149,376
$3,056,024
$3,101,904
capacity(5)
$1,530,250
$1,491,572
$1,463,262
TmnsmissiorN$)
$865,365
59981019
$987,824
Total
$4,544,992
$5,543.616
$5,552,790
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To: Coleen O'Brien
Fro 1y:-.y>i 1�`„((� Maureen McHugh, Jane Parenteau A
Date: lY� June 1, 2016 ,pry
Subject: Purchase Power Summary — April, 2016
Energy Services Division (ESD) has completed the Purchase Power Summary for the
month of April, 2016.
ENERGY
The RMLD's total metered load for the month was 50,114,392 kWh, which is a 3.66%
decrease from the April, 2015 figures.
Table 1 is a breakdown by source of the energy purchases.
Table 1
'Pe Wl, Womnocn,lndfanM~,, rumor FalfAColflnA FYon44r,Noa MIIIA Summa Hydm
Armm�l of
Cost of
% of Total
Total E
$"a
Resource
Energy
Eh.W
Eiwgy
Costs
%
(kWh)
Wm )
Millatme a3
1,019,439
$6.71
2.00%
5,840
0.38%
Saab
5,rn3.242
$6.32
11.23%
$3,171
1.99%
Slmypook hternecilate
709,929
$48.15
1.39%
534,184
1.86%
Shell Enegy
6,888,000
$65.86
13.08%
$439,051
24.10%
WPA
2.372,879
$4.92
4.58%
$11,429
0.63%
ISO hlahhange
3,431,187
$36.05
6.73%
$123,702
6.7
NEMA Cpges6on
0
50.00
0.00%
$562,976
J M%
Coop Resales
10,186
$149.57
0.02%
$1,524
0.011%
BP Energy
7,664,400
546.90
15.04%
5359,460
19.73%
Hydro Projects'
5,97,636
$88.72
11.73%
553,241
29.10%
Bmneee Watson Unit
767,275
$82.22
1.51%
$47,744
2.62%
Sadde W-Wcho Wird
1,939,827
$99.85
3.81%
$193,663
10.63%
One Burlinglm Sdar
413,589
$89.72
0.81%
$26,834
1.58%
Eselon
14,226,000
$38.58
27.91%
5548,791
30.12%
StorlyEr00k Peeking
1011094
$230.79
0.20%
523,331
1.28%
Monthly Total
50,971,493
$35.75
100.00%
$1,821,969
100.00%
'Pe Wl, Womnocn,lndfanM~,, rumor FalfAColflnA FYon44r,Noa MIIIA Summa Hydm
Table 2 breaks down the ISO interchange between the DA LMP Settlement and the RT
Net Energy for the month of April, 2016.
Table 2
Amount Cost % of Total
Resource of Energy of Energy Energy
(kWh) ($/Mrh)
ISO DA LMP • 12,300,814 $30.32 24.13%
Sedlement
RT Net Energy •• -8,869,628 $27.82 -17.40%
Settlement
ISO Interchange 3,431,187 $36.06 6.73%
(subtotal)
kkependent system Operator Dey-Aheadl Locational Marginal Price
Real Time Net Enerpy
APRIL 2016 ENERGY BY RESOURCE
• Exelon,
Saddlebac
2.31%
• BELD,
Hy
• Stonybrook Jericho Wind, 1.32%
Peaking, 0.05%.
• One Burlington
• BP Energy, 14.13%
Stonybrook
Intermediate,
0.20%
CAPACITY
The RMLD hit a demand of 93,804 kW, which occurred on April 4, at 8 pm. The
RMLD's monthly UCAP requirement for April, 2016 was 224,094 kWs.
Table 3 shows the sources of capacity that the RMLD utilized to meet its requirements
Table 3
Source
Amount (kWs)
Cost ($IkW-mnth)
Total Coat S
%of Total Cost
Mllstone#3
4,950
15.31
$75,797
5.20%
Seabrook
7,910
38.55
$304,959
20.93%
Stonybrook Peaking
24,981
2.05
$51,095
3.51%
Stonybrook CC
42,925
7.09
$304,126
20.87%
NWA
4,019
4.19
$16,834
1.16%
Hydro Ombec
0
0
$12,183
0.84%
Nexlera
60.000
5.90
$354,000
24.30%
Braintree Watson Unit
10,520
10.65
$112,052
7.69%
ISO -NE Supply Auction
66,787
3.38
$226,012
15.51%
Hydro Projects
2,002
0.00
$0
0.00%
Total
224,094
$6.83
$1,457,057
100.00%
Table 4 shows the dollar amounts for energy and capacity per source
Table 4
Cast of
%of
Amt of Energy
Power
Flow...
Energy
Capacity
Total cost
Total coat
(kWh)
($IkWh)
Millstone #3
$6,840
$75,797
$82,637
2.52%
1.019,439
0.0611
Seabrook
$36,171
$304.959
$341,129
10.40%
5.M3,242
0.0596
Stanyb Intemedats
$34,184
$304.126
$338,310
10.32%
709,929
0.4765
Hydro Quebec
$0
$12,183
$12,183
0.37%
-
0.0000
Shell Energy
$439,051
$0
$4.19,0$1
13.39%
6,666,000
0.0659
NexlEra
$0
$354,000
$364,1k10
10.80%
-
0.0000
e WPA
$11,429
$18,834
$28,262
0.86%
2,322.879
0.0122
ISO Interchange
$123,702
$226,012
$349,714
10.67%
3,431,187
0.1019
Nema congestion
-SM2,976
SO
.$582,978
-17.17%
-
0.0000
BP Energy
$359,460
s0
$359,460
10.96%
7,664,400
0.0469
a hydro Projects
$530241
$0
$53.241
16.17%
5,976.636
0.0887
Braintree Watson Unit
$47,744
$112.052
$159,796
4.87%
767,275
0.2083
SaddlebacIdJedcM
$193,663
$0
$193,663
5.91%
1,939,827
0.0998
e One Bulington Soar
$28,834
s0
528.834
0.88%
413,599
0.0697
coop Resales
$1,524
s0
$1,524
0.05%
10,186
0.14%
Exelon Energy
$548,791
SO
$548,791
16.74%
14,226,000
0.0386
Stonybrook Peaking
$23,331
551,085
$74.426
2.27%
101,094
0.7362
Monthly Total
$1,821,989
$1,457,057
$3,279,046
100.00%
50,971,493
0.0643
e Renewable Resources
20.90%
RENEWABLE ENERGY CERTIFICATES (RECO
Currant Month
Last Manth
Table 5 shows the amount of banked and projected RECs for the Swift River Hydro
Projects through April 2016, as well as their estimated market value.
Table 5
94,817
RECs Summery
Enen2y(kWh)
Period- January 2015 -April 2016
54,661,613
Banked Projected Total
Est.
RECs Kcs RECs
Dollars
Woron= 1.076 3,906 4,982
$124,550
Paaeerell 714 2,615 3,329
$83,225
nden lUwr 690 1,474 2,161
$59,100
Turnan salla 1,371 1,251 2,628
$0
sMdNbad 4,348 5,731. 10,079
$251,975
lakbo 0 3,278 3,278
$81,950
Subtotal 8,205 18,255 26,460
595,800
AMC, tea 0
5o
Grand Total 8,205 18,255 26,460
$595800
TRANSMISSION
The RMLD's total transmission costs for the month of April, 2016 were $834,561. This
is a decrease of 3.56% from the March transmission cost of $865,365. In April, 2015 the
transmission costs were $927,050.
Table 6
Currant Month
Last Manth
Last Year
Peak Demand(kW)
93,804
94,817
92,907
Enen2y(kWh)
50,971,493
54,661,613
51,959,397
EoaW(S)
$1,821,989
$2,149,376
$1,503,849
CsaaGty (9)
$1,457,057
$1,53.250
$1,447,201
Transmission(s)
$834,561
$865,385
$927,050
Total
54,113,607
54,544,992
$3,878,100
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Reading Municipal Light Department
(RMLD)
Electric Service Policy and
Requirements Handbook
07-01-2016
230 ASH STREET, P.O. BOX 150
READING, MASSACHUSETTS 01867
Telephone: (781) 944-1340
I 11 , ,nr, I:rya n -amen[, Haodbuok
Table of Contents
1.0 GENERAL INFORMATION........................................................................................._.........................................
10
I.1.PURPOSE..............................................................................................................................................................
10
1.2.APPLICABILITY AND REVISIONS..........................................................................................................................
30
1.3.ADVIS0RY SERVICE..............................................................................................................................................
30
1.4.OIGGING / EXCAVATIONS / DIGSAFE.................................................................................................................
11
1.5.CONSTRUCTION IN THE PROXIMITY OF OVERHEAD CONDUCTORS................................................................
11
1.6.STREET AND PRIVATE AREA LIGHTING..............................................................................................................
12
1.7.VEGETATION MANAGEMENT.............................................................................................................................
12
1.8.USE OF ELECTRICITY...............................................................................
n
SIP,,,
1.10.EFFICIENCY PROGRAMS ....................... :................................. ................... ..... ....... ...... ..............
........................ 14
1.11ASO-NE DEMAND RESPONSE PARTICIPATION..................................................................................................
14
1.12.RMLD SYSTEM VOLTAGE CONVERSION AND UPGRADES...............................................................................
15
1.13. REQUIREMENTS AND COMPLIANCE WITH ELECTRIC CODES.........................................................................
15
1.14.SERVICE INTERRUPTION.....................................................................................................................................
15
2.0
PLANNING YOUR ELECTRIC SERVICE...................................................................................................................
16
2.1.AVAILABLE SERVICE VOLTAGES & CHARACTERISTICS......................................................................................
16
2.2.SERVICE TYPE INDEX...........................................................................................................................................
16
2.3.PERMENANT SERVICES AVAILABLE FROM RMLD..............................................................................................
17
2.4.00NTRIBUTION IN AID OF CONSTRUCTION (POLICY APPLICABLE TO ALL CUSTOMERS) ..............................
20
3.0
APPLYING FOR ELECTRIC SERVICE......................................................................................................................
21
4.0
METERING, BILLING, PAYMENTS, AND NON-PAYMENTS..................................................................................
21
4.1. M E TE R I N G............................................................................................................................................................21
4.2.6ILUNG AND PAYMENTS.....................................................................................................................................
22
4.3.SERVICE DISCONNECTION DUE TO NON-PAYMENT.........................................................................................
23
4.4.SERVICE RECONNECTION....................................................................................................................................
23
4.5.BUDGET BILLING PLANS......................................................................................................................................
23
5.0
EXISTING RESIDENCE OR COMMERCIAL SERVICE..........................................................................._.................
24
S.I.OWNER OCCUPANT- EXISTING RESIDENCE OR COMMERCIAL PROPERTY ....................................................
24
5.2.RENTER/TENANT - EXISTING RESIDENCE OR COMMERCIAL PROPERTY.........................................................
24
5.3.RESIDENTIAL CUSTOMER DEPOSITS...................................................................................................................
24
5.4.N0N-RESIDENTIAL CUSTOMER DEPOSITS.................................................................................._.....................
25
SIP,,,
6.0
TEMPORARY ELECTRIC SERVICE..........................................................................................................................
27
6.I.GENERAL..............................................................................................................................................................
27
6.2.APPLYING FOR TEMPORARY SERVICE (AVAILABLE AT SECONDARY VOLTAGES ONLY) ..................................
27
6.3.COSTS FOR TEMPORARY SERVICE......................................................................................................................
27
6.4.RESPONSIBIUTIES ASSOCIATED WITH TEMPORARY SERVICE..........................................................................
28
6.S.TEMPORARY CONNECTION METHODS..............................................................................................................
29
7.0
RESIDENTIAL ELECTRIC SERVICE - NEW, UPGRADE OR RELOCATION...............................................................
29
7.1.GENERAL..............................................................................................................................................................
29
7.2.COSTS FOR PERMANENT SERVICE......................................................................................................................
29
7.3.APPLYING FOR PERMANENT RESIDENTIAL SERVICE.........................................................................................30
7.4.OPTIONAL CONNECTIONS TO RMLD DISTRIBUTION FACILITIES......................................................................
30
7.5.RESPONSIBILITIES AND EASEMENTS ASSOCIATED WITH RESIDENTIAL PERMANENT SERVICE .....................
33
8.0
COMMERCIAL/INDUSTRIAL/RESIDENTIAL DEVELOPMENT ELECTRIC SERVICE .................................................
34
8.1.GENERAL..............................................................................................................................................................
34
8.2.APPLYING FOR PERMANENT COMMERCIAL/INOUSTRIAL/RESIDENTIAL DEVELOPMENT SERVICE ...............
35
8.3.COST FOR COMMERCIAL AND INDUSTRIAL SERVICE........................................................................................35
8.4.OEPOSITS AND PAYMENTS.................................................................................................................................
35
S.S.OVERHEAD SERVICE TO SMALL COMMERCIAL BUSINESS (G-1 CUSTOMERS) ................................................
36
8.6.PADMOUNT TRANSFORMER FOR MEDIUM TO LARGE COMMERCIAL CUSTOMERS (G-2 AND G-3
CUSTOMERS) ..............................................................................................................................................................
36
8.7.PRIMARY METERING...........................................................................................................................................37
8.8.RESPONSIBIUTIES AND EASEMENTS ASSOCIATED WITH COMMERCIAL PERMANENT SERVICE ...................
37
9.0
CUSTOMER SERVICE CONNECTION CLEARANCES AND RESPONSIBILITES.........................................................
38
9.110CATION OF METER AND SERVICE ENTRANCE...............................................................................................
38
9.2.POINT OF ATTACHMENT.....................................................................................................................................
39
9.3.SERVICE MASTS...................................................................................................................................................
39
9A.CONCEALMENT OF SERVICE ENTRANCE............................................................................................................
39
9.5.SERVICE CLEARANCES TO BUILDING STRUCTURES...........................................................................................39
9.6.OVERHEAD SERVICE DROP CLEARANCES...........................................................................................................41
10.0
LINE EXTENSIONS ...................................................................................-..........................................................
42
11.0 METER TAMPERING / THEFT OF SERVICE........................................................................................................... 43
11.1. DEFINITION........................................................................................................................................................43
11.2.METER TAMPERING WARNING........................................................................................................................ 43
11.3.NOTICE OF VIOLATION......................................................................................................................................44
11.4.BILL ADJUSTMENTS FOR THEFT........................................................................................................................ 44
61r',,
cements Handbook
15.3.STANDARD METER INSTALLATIONS................................................................................................................. 54
15.4.OUTDOOR METER LOCATIONS......................................................................................................................... 55
15.5.I14DOOR METER LOCATIONS ............................................................................................................................. 56
15.6.METER HEIGHT.................................................................................................................................................. 56
15.7.IDENTIFICATION OF METER SOCKETS AND CUSTOMER DISCONNECTING MEANS ...................................... 57
15.S.UNMETERED CONDUCTORS.................................................... c,
7 1 V i.;
11.5. RESTORATION OF SERVICE...............................................................................................................................
45
11.6.CUSTOMER PAYMENT LIABILITY......................................................................................................................45
11.7.CUT-OFFS AND LIABILITY..................................................................................................................................45
11.8.CUSTOMER RESPONSIBILITY.............................................................................................................................45
11.9.0OURT AND ATTORNEY'S FEES........................................................................................................................
45
12.0
CUSTOMER SYSTEM PROTECTION GUIDELINES ................... ».......................... _................................................
45
12.1.SECONDARY SURGE ARRESTERS.......................................................................................................................
45
12.2.SHORT-CIRCUIT CURRENTS...............................................................................................................................
46
12.3.GROUNDING......................................................................................................................................................
46
12.4.INSULATING TRANSFORMERS..........................................................................................................................
47
13.0
GENERATION INTERCONNECTION.............................................................. _......................................................
48
13.1.PHOTOVOLTAIC (PV) GENERATOR REQUIREMENTS.........................................................................................
48
13.2.GENERATOR ISOLATION REQUIREMENTS.........................................................................................................
48
13.3.STANDBY/BACK-UP GENERATION (NON -PARALLEL OPERATION)...................................................................
49
13A.FUEL STORAGE REQUIREMENTS...........................................................................................................................
49
13.5.CUSTOMER COGENERATION..............................................................................................................................
49
13.6.SYSTEM OPERATION GUIDELINES......................................................................................................................
50
14.0
SERVICE ENTRANCE GUIDELINES...._..................................................................................................................
SD
14.1.SIZE OF CONDUCTORS......................................................................................................................................
50
14.2.SERVICE EQUIPMENT........................................................................................................................................
50
14.31OCATION OF SERVICE DISCONNECT...............................................................................................................
51
14.4.MAIN SWITCHES AND DISCONNECTING MEANS............................................................................................
51
14.5.ASSIGNING LOCATION OF SERVICE AND METERING EQUIPMENT................................................................
51
14.6.UNMETERED CONDUCTORS.............................................................................................................................
51
14.7.OVERHEAD.........................................................................................................................................................
51
14.8.UNDERGROUND.................................................................................................................................................
53
15.0
METER INSTALLATION AND MAINTENANCE GUIDELINES..................................................................................
54
15.1.GENERAL...................................................................................._.______............._..
ce
15.3.STANDARD METER INSTALLATIONS................................................................................................................. 54
15.4.OUTDOOR METER LOCATIONS......................................................................................................................... 55
15.5.I14DOOR METER LOCATIONS ............................................................................................................................. 56
15.6.METER HEIGHT.................................................................................................................................................. 56
15.7.IDENTIFICATION OF METER SOCKETS AND CUSTOMER DISCONNECTING MEANS ...................................... 57
15.S.UNMETERED CONDUCTORS.................................................... c,
7 1 V i.;
01J,I) I I, Li !i � 1 1, , ljoLf v iod l , qimenicnt, Handbook
1S.9.DEMAND AND KVA METER WIRING .................................................................................................................
S7
15.10.SECURITY ..........................................................................................................................................................
58
I5.11.MOVING OR REMOVING METERING EQUIPMENT ........................................................................................
58
15.12.METER SOCKETS ..............................................................................................................................................
58
15.13.METER PEDESTALS ..........................................................................................................................................
60
15.14ANSTRUMENT TRANSFORMERS ......................................................................................................................
60
15.1S.CUSTOMER REQUEST FOR METERING PULSES .............................................................................................
61
15.16.APPROVED METERING EQUIPMENT ..............................................................................................................
62
16.0 POWER QUALITY .................................................................................................................................................
63
16.1.VOLTAGE SENSITIVE EQUIPMENT ........................ . .........................................................................................
64
16.2.FLUCTUATING LOADS ............................................................................................
........ .................................. 64
16.3.SECONDARY LIGHTNING ARRESTERS ................... .... ........................................................................................
64
16.4.SHORT CIRCUIT CURENTS ..................................................... ... ....................................
" .................... I .............. 64
16.5.UNBALANCED LOAD ............................................................................... I .......
.......................................... ....... 64
16.6.SIGNS AND AUTOMATICALLY CONTROLLED LIGHTING ..................................................................................
64
16.7.HARMONIC DISTORTION ..................................... .............................................................................................
65
16.8.GROUNDING ......................................................................................................................................................
65
16.9.POWER FACTOR .................................................................................................................................................
65
17.0 ELECTRIC UTILIZATION EQUIPMENT .........................................................................
. ...................... . ................ 66
17.1.GENERAL .....................................................................................................................................
I ....................... 66
17.2.SYSTEM DISTURBANCES......................................................................................................................................
66
17.3.SINGLE-PHASE MOTORS ......................................................................................................................................
66
17.4.THREE-PHASE MOTORS ..........................................................................................................................
I ............ 68
17,S.EUECTRIC UTILIZATION EQUIPMENT PROTECTION .........................................................................................
69
17.6.PROTECTION AGAINST SINGLE-PHASE OPERATION ............................. .........................................................
70
17.7.UNDERVOLTAGE PROTECTION .........................................................................................................................
70
17.8.OVERLOAD PROTECTION ..................................................................................................................................
70
17.9.PROTECTION AGAINST PHASE REVERSAL ........................................................................................................
70
17.10.WATER HEATERS ................................. ..................................................................
I ........................................ 70
18.0 LIST OF APPENDICES ........................ . ................................................................................................................
TBD
APPENDIX A - TEMPORARY SERVICE METHODS ..........................................................................................................
TBD
APPENDIX B - UTILITY WORK AUTHORIZATION APPLICATION ....................................................................................
TBD
APPENDIX C - RATES AND TARIFFS ...............................................................................................................................
TBD
APPENDIX D - MASSACHUSETTS GENERAL LAWS ........................................................................................................
TBO
APPENDIX E - NET METERING POLICY AND GUIDELINES .............................................................................................
TBD
81
1huu6
APPENDIX F- 30-500 KW PV ISOLATION SCHEMATIC
APPENDIX G - ENERGY EFFICIENCY AND CONSERVATION PROGRAMS......................................................................TBD
APPENDIXH - ILLUSTRATIONS......................................................................................................................................TBD
FIGURE 1- PAD MOUNT CLEARANCES
FIGURE 2- TYPICAL SWITCHING OF CUSTOMER'S EMERGENCY SUPPLY
FIGURE 3 - TYPICAL TRANSFORMER ENCLOSURE
FIGURE 4 - OVERHEAD SERVICE ENTRANCE GUIDELINES
FIGURE 5 - SERVICE DROP CLEARANCE REQUIREMENTS
FIGURE 6 - TYPICAL SERVICE MAST CONSTRUCTION
FIGURE 7- OVERHEAD CONDUCTOR CLEARANCES FROM SWIMMING POOLS
FIGURE 8 - WARNING AND CEARANCE DIAGRAM
FIGURE 9 - CUSTOMER SECONDARY RISER AND SERVICE LATERAL
FIGURE 10 -LOCATION OF PADMOUNTED EQUIPMENT
FIGURE 11- TEMPORARY SERVICE
FIGURE 12 - CUSTOMER SECONDARY RISER 600 VOLTS AND BELOW
FIGURE 13 - TEMPORARY SERVICE STRUCTURE OVERHEAD DISTRIBUTION
FIGURE 14- 7 TERMINAL METER SOCKET 200 AMP MAX
FIGURE 15 - 5 TERMINAL METER SOCKET 320 AMP MAX
FIGURE 16 - MULTIPLE METERS - VERTICAL MOUNTED TROUGH
FIGURE 17 - MULTIPLE METERS - HORIZONTALLY MOUNTED TROUGH
FIGURE 18 - CURRENT TRANSFORMATION INSTALLATION
FIGURE 19 - WOOD POLE INSTALLATION DETAILS METERED POWER SUPPLY TO
COMMUNICATION INSTALLATIONS
FIGURE 20 - WOOD POLE INSTALLATION DETAIL OF CONNECTIONS FOR COMMUNICATION
INSTALLATIONS
FIGURE 21- WOOD POLE INSTALLATION DETAIL OF METER SOCKET BRACKET
FIGURE 22 - TYPICAL TRENCH SPECIFICATIONS
FIGURE 23 - SPECIFICATIONS FOR FIBERGLASS PAD
FIGURE 24 - SECONDARY PEDESTAL SPECIFICATIONS
FIGURE 25- LIGHT POLE INSTALLATION
FIGURE 26 - RISER POLE - SPECIFICATION FOR PAD MOUNT INSTALLATION
5 KV- THREE PHASE, 112-500 KVA
LARGE THREE PHASE TRANSFORMER
23 KV PAD MOUNT SWITCHGEAR
APPENDIX 1- STREET LIGHTING REQUEST FORM.........................................................................................................TBD
APPENDIX J -UNSAFE ELECTRICAL EQUIPMENT NOTIFICATION FORM......................................................................TBD
APPENDIX K -ADDITIONAL FEES AND CHARGES .... _.-........................ _.............................................. _-................TBD
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12:10 PM
5/26/2016
READING MUNICIPAL LIGHT DEPARTMENT
FY 15 CAPITAL BUDGET VARIANCE REPORT
FOR PERIOD ENDING APRIL 30, 2016
NEW CUSTOMER SERVICES:
New Service Installations (Commercial / Industrial)
New Service Installations (Resident a0
SUB -TOTAL
114 Routine Construction
ALL 34,000 34,000
ALL 12,177 113,659 164,000 50341
12,177 113,889 198000 84,341
ALL 112,729 1,288,977 1000990 12899771
SPECIAL PROJECTS I CAPITAL PURCHASES:
ACTUAL
100
Distributed Generation
ALL
COST
YTD
ANNUAL
REMAINING
PROD
DESCRIPTION
TOWN
APR
ADDITIONS
BUDGET
BALANCE
114
CONSTRUCTION:
ALL
9,013
15,00
5,987
101
5W9 RecarMuctoring- Ballardvale Area
W
100,000
100,000
102
Pole Line Upgrade - Livell Street,W
W
25,000
124,179
113,000
(11,179)
104
Upgrade Old LynnBeld Center URDs (Cooks Fann)
LC
16,895
240,239
42,"
(198,239)
105
4W51W6Tie
R
2,458
107,111
-
(107,111)
106
URD Upgrades
ALL
4,885
340,000
335,115
107
Step4own Area Upgrades
ALL
23,181
39,581
352,000
312,419
110
Pde Lina Upgrade - Woburn Sense,W
W
39,648
444,898
91,000
91,000
212
Force Account West Street
R
139,932
151000
10,068
SUB -TOTAL
50,639
655,927
1,188,000
$32,073
STATION UPGRADES:
96
Station 4(GAW) Beck -up Generator
R
1,188
49,290
107,000
57,710
100
Station 4 (GAW) Relay Replacement Project
R
24,675
73,000
48,325
109
Station 4 (GAV✓) Transformer Replacement
R
41,000
41,00
111
Boston Equipment Upgrade (all)
ALL
108,252
110,233.
2 'w
143,767
112
Sharon 4(GAW) SmehgearlSreaker Replacement
R
401,737
583,409
508,000
(75.409)
113
Station (GAW) Be" Bank Upgrade
R
10,515
57,000
57,000
130
Station 3- Remote Terminal Unit( RTU) Replacement
NR
29,090
84,000
94,000
121
SUS -TOTAL
R
109,440
707,507
1,134,000
366,393
NEW CUSTOMER SERVICES:
New Service Installations (Commercial / Industrial)
New Service Installations (Resident a0
SUB -TOTAL
114 Routine Construction
ALL 34,000 34,000
ALL 12,177 113,659 164,000 50341
12,177 113,889 198000 84,341
ALL 112,729 1,288,977 1000990 12899771
TOTAL CAPITAL BUDGET
SPECIAL PROJECTS I CAPITAL PURCHASES:
100
Distributed Generation
ALL
3,076
24,020
2,164,000
2,139,980
103
Distributor, Protection and Autanatlon
ALL
1,516
110,634
70,000
(40,834)
114
Fiber Optic Test Equipment
ALL
9,013
15,00
5,987
115
Fault Indicators
ALL
50,000
50,000
116
Trenaformea and Capacitors
ALL
366,646
576,346
MS."
91,654
117
Meter Purchases (including '500 Club')
ALL
16,895
150,177
219,000
60,823
122
Engineering Analysis Software and Data Conversion
ALL
73,250
73,000
(250)
125
GIS
ALL
5,190
420,000
414,810
126
Communication Equipment (Fiber Optic)
ALL
17,202
98,000
80,798
131
LED Sheat Light Implemembon
ALL
39,648
444,898
1,200,000
755,102
134
Substation Test Equipment
ALL
51,540
100,000
"',to
SUB -TOTAL
427,]79
1,462,270
5,0771000
3,814,730
OTHER CAPITAL PROJECTS:
95
230 Ash St Building
R
80,000
80,000
W
HVAC Roof Units -Garage
R
50'"
07,00
90
IRD hardware
ALL
10000
10,000
99
Electric Vehide Supply Equipment
ALL
50000
50000
118
Nothing Stock Replacement
ALL
401,737
407,887
448,000
40,113
119
Sacenty Upgrades All Sites
ALL
10,515
50,000
39,488
120
Great Plains/ Cogsdale Upgrade
ALL
29,090
127,000
97,910
121
HVAC System Upgrade -230 Ash Sheet
R
571,906
600,000
28,094
123
Oil Containment Facility Construction
ALL
47,835
59,000
11,165
127
Hardware Upgrades
ALL
4,402
71,433
152,00
80567
128
Software and Licensing
ALL
81,968
172,000
90,033
129
Master Facilities Site Plan
R
150,00
150000
136
Voltage Data Recorders
ALL
50,000
5(1000
SUB -TOTAL
106,139
1,220,633
1,9the'm
777,367
TOTAL CAPITAL BUDGET
FINANCIAL REPORT
MARCH 31, 2016
ISSUE DATE: MAY 3, 2016
ASSETS
CURRENT
UNRESTRICTED CASH
RESTRICTED CASH
RESTRICTED INVESTRENT3
RECEIVABLES, NET
PREPAID EXPENSES
OTHER DEFERRED DEBITS
INVENTORY
TOTAL CURRENT ASSETS
NONCURRENT
INVESTMENT IN ASSOCIATED CO
CAPITAL ASSETS, NET
TOTAL NONCURRENT ASSETS
TOTAL ASSETS
TOWN OF READING, HASSACHUSETTS
HUNICIPAL LIGHT DEPARTMENT
BUSINESS -TYPE PROPRIETARY FUND
STATEMENT OF NET ASSETS
3/31/16
PREVIOUS YEAR CURRENT YEAR
(BCH A
P.9)
11,]28,34].39
12,892,6]9.]6
(BCH A
P.9)
20,526,355.15
20,932,393.91
(BCH A
P.9)
1,292,906.26
1,284,061.45
(BCH B
P.10)
],]16,416.82
7,525,382.95
2,918,8]0.]3
(BCH B
P.10)
1,900,447.64
2.918.8]0.]3
1,562,102.39
3,0]0,48].93
(BCH E
P.10)
0.00
1,547,815.00
1,628,593.64
15,577,004.28
1,661,466.46
44,'!93,066.]0
47,405,901.92
(BCH C P.2)
(BCH C P.2)
LIABILITIES
CUM@iT
ACCOUNTS PAYABLE
CUSTOMR DEPOSITS
CUSTO4 ADVANCES FOR CONSTRUCTION
ACCRUED LIABILITIES
TOTAL CURRENT LIABILITIES
NONCURRENT
ACCRUED EMPLOYEE CCNSENSATED ABSENCES
TOTAL NWiCURRENT LIABILITIES
TOTAL LIABILITIES
INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT
RESTRICTED FOR DEPRECIATION FUND (P. 9)
UNRESTRICTED
TOTAL NET ASSETS (P. 3)
TOTAL LIABILITIES AND NET ASSETS
I
26,993.75
69,664,353.99
26,993.75
]1,34],9]2.]5
69.691.34].]4
71,374,;66.50
114.484,414,44 118,]80.968.42
6,169,828.91
7,531,521.68
834,407.D1
691,315.67
558,908.48
1,025,429.15
171,677.77
3,058,249.85
].134.822.16
12,506,516
35
2,918,8]0.]3
3,070,487.93
2.918.8]0.]3
3,0]0,48].93
10,653.692.91
15,577,004.28
69,664,353.99
]1,34],9]2.]5
5,]38,9]4.40
5,423,024.90
28,427,393.14
.26,432,866.49
103.830,]21.53
103,203,664.14
114.484 414.94
118,]80.868.42
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
NONCURRENT ASSET SCHEDULE
3/31/16
SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES
NEW ENGLAND HYDRO ELECTRIC
NEW ENGLAND HYDRO TRANSMISSION
TOTAL INVESTMENTS IN ASSOCIATED CMPANIES
SCHEDULE OF CAPITAL ASSETS
LAND
STRUCTURES AND IMPROVEMENTS
EQUIPMENT AND PURNISHINGS
INFRASTRUCTURE
TOTAL CAPITAL ASSETS, NET
TOTAL NONCURRENT ASSETS
121
SCHEDULE C
PREVIOUS YEAR
CURRENT YEAR.
2,975.74
2,975.74
24,018.01
24,018.01
26.993.75
26.993 75
1,265,842.23
6,306,638.38
12,551,310.68
49.540.362.70
69.6fi4.353. 99
fig, 691,347.74
1,265,842.23
7,315,355.47
12,098,965.67
50,667.809.38
71.347 972 75
71.374 966 50
OPERATING EXPENSES: (SCE E P.12)
PURCHASED PONBR CAPACITY
PURCHASED POWER TRANSHV3SION
PURCHASED POWER FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARI PAYMENTS TO TONGS
TOTAL OPERATING EXPENSES
OPERATING INCW6
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID Of CONST
RETURN ON INVESTMENT TO READING
INTEREST INCOME
INTEREST EXPENSE
OMER (IDBS AND AMORT)
TOTAL NONOPERATING REV (EXP)
CHANGE IN NET ASSETS
NET ASSETS AT BEGINNING OF YEAR
NET ASSETS AT END OF NARCN
1,463,262.28
TONN OF READING, MASSACHUSETTS
1,534,123.01
12,825,378.23
14,031,978.80
9.418
MUNICIPAL LIGHT DEPARTMENT
951,509.01
865,365.34
9,161,648.07
9,547,499.85
BUSINESS
-TYPE PROPRIETARY FUND
3,101,903.54
2,149,376.47
25,912,228.26
STATEMENT
OF REVENUES,
EXPENSES AND CHANGES IN
NNO NET ASSETS
851,655.64
1,053,856.62
8,137,944.46
3/31/16
-1.788
288,712.09
233,744.94
HONTE
MORTM
LAST YEAR
CURRENT YEAR
YTD
i
LAST YEAR
CURRENT YEAR
TO DATE
TO DATE
CHANGE
OPERATING REVENUES: (SCH D P.11)
118.000.00
110.000.00
1,052,754.00
1.050,973.00
BABE REVENUE
1,617,939.53
1,170,013.51
16,656,711.52
1,957,387.37
17,852,328.16
1,758,780.91
0.698
-10.159
FUEL REVENUE
2,372,126.71
2,668,095.66
26,171,816.75
25,928,808.19
-0.938
PURCHASED PONER CAPACITY
2,396,563.72
2,894,686.58
22,667,928.12
23,105,038.79
1.938
FORFEITED DISCOUNTS
111,905.43
94,161.41
646,656.96
637,768.00
-1.370
ENERGY CONSERVATION REVENUE
51,465.20
51,413.94
517,597.83
509,466.18
-1.578
NYPA CREDIT
(130.242.61)
(115.732.84)
(727.651.16)
(860.453.41)
18.256
I=. OPERATING REVENUES
6,417,735.90
7,370,698.04
65,733,051.42
67,172,935.99
2.198
OPERATING EXPENSES: (SCE E P.12)
PURCHASED PONBR CAPACITY
PURCHASED POWER TRANSHV3SION
PURCHASED POWER FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARI PAYMENTS TO TONGS
TOTAL OPERATING EXPENSES
OPERATING INCW6
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID Of CONST
RETURN ON INVESTMENT TO READING
INTEREST INCOME
INTEREST EXPENSE
OMER (IDBS AND AMORT)
TOTAL NONOPERATING REV (EXP)
CHANGE IN NET ASSETS
NET ASSETS AT BEGINNING OF YEAR
NET ASSETS AT END OF NARCN
1,463,262.28
1,534,123.01
12,825,378.23
14,031,978.80
9.418
951,509.01
865,365.34
9,161,648.07
9,547,499.85
4.218
3,101,903.54
2,149,376.47
25,912,228.26
26,224,452.28
0.978
851,655.64
1,053,856.62
8,137,944.46
7,993,407.36
-1.788
288,712.09
233,744.94
2,530,390.24
2,294,932.40
-9.319
921,788.79
328,732.65
2,896,099.11
2,958,593.65
2.16%
118.000.00
110.000.00
1,052,754.00
1.050,973.00
-0.17%
7,096,831.35 6,283,199.03 62,576,442.37 64,101,837.54 2.44%
(679,095.37) 1,087,499.01 3,156,609.05 3,071,098.45 -2.718
0.00
(35,059.70)
09,491.75
11,741.25
-86.88%
(194,405.26)
(197,537.08)
(1,749,641.28)
(1,]]1,833.74)
1.618
5,641.29
12,176.30
98,271.69
105,125.18
6.978
(251.41)
(177.38)
(31546.86)
(2,604.78)
-26.52%
51,036.49
3,198.04
366,207.02
351,254.55
-4.080
(137.976.89)
(211.399.82)
(1.199.221.68)
(1.312.311.541
9.438
(811.072.261
810.099.19
1,957,387.37
1,758,780.91
-10.159
101,873,334.16 101,445,083.23 -0.429
10].630.721.53 103.203.664.16 -0.600
OPERATING EXPENSES: (SCH G P.12A)
PURCHASED ROMA - CAPACITY
PURCHASED POWER - TRANSMISSION
PURCHASED POWER FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAYMENTS TO TOWNS
TOTAL OPERATING EXPENSES
OPERATING INCOME
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST
RETURN ON INVESTMENT TO READNG
INTEREST INCOME
INTEREST EXPENSE
OTHER (MSE AND AMORT)
TOTAL NONOPERATING REV (EXP)
14,031,978.80
TOWN OF READING, MASSACHUSETTS
13,085,550.00
2,382,739.00
946,428.80
(623,958.09)
7.23%
-26.19%
MUNICIPAL LIGHT DEPARTMENT
HET ASSETS AT BEGINNING OF YEAR
9,621,608.00
(74,308.15)
-0.77%
BUSINESS -TYPE PROPRIETARY FUND
26,224,452.28
26,826,671.00
103,203.864.14
(602,218.72)
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND HET
ASSETS
1623.958.091
7,993,407.36
-0.60%
8,249,334.00
3/31/16
(255,926.64)
-3.10%
2,294,932.40
ACTUAL BUDGET
(486,073.60)
y
2,958,593.85
YEAR TO DATE YEAR TO DATE
VARIANCE.
CHANGE
OPERATING REVENUES: (SCH F P.11B)
-0.96%
1.050,973.00
1.062.000.00
BASE REVENUE
17,852,328.16 17,666,948.00
-1.00
185,380.16
1.05%
FUEL REVENUE
25,928,808.19 2],501,6]1.00
(1,572,862.81)
-5.72%
PURCHASED POWER CAPACITY
23,105,038.79 22,]0],358.00
397,680.79
1.75%
FORFEITED DISCOUNTS
637,768.08 530,010.00
107,758.08
20.33%
ENERGY CONSERVATION REVENUE
509,446.18 512,066.00
(2,619.82)
-0.51%
NYPA CREDIT
(860.453.41) (675,000,00)
(185,453.4L)
27.47%
TOTAL OPERATING REVENUES
6],1]2,935.99 68,243,053.00
(1,070,117,01)
-1.57%
OPERATING EXPENSES: (SCH G P.12A)
PURCHASED ROMA - CAPACITY
PURCHASED POWER - TRANSMISSION
PURCHASED POWER FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAYMENTS TO TOWNS
TOTAL OPERATING EXPENSES
OPERATING INCOME
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST
RETURN ON INVESTMENT TO READNG
INTEREST INCOME
INTEREST EXPENSE
OTHER (MSE AND AMORT)
TOTAL NONOPERATING REV (EXP)
14,031,978.80
1,758,780.91
13,085,550.00
2,382,739.00
946,428.80
(623,958.09)
7.23%
-26.19%
9,547,499.85
HET ASSETS AT BEGINNING OF YEAR
9,621,608.00
(74,308.15)
-0.77%
26,224,452.28
26,826,671.00
103,203.864.14
(602,218.72)
103.82].822.23
-2.24%
1623.958.091
7,993,407.36
-0.60%
8,249,334.00
(255,926.64)
-3.10%
2,294,932.40
2,781,006.00
(486,073.60)
-17.48%
2,958,593.85
2,98],3]0.00
(28,776.15)
-0.96%
1.050,973.00
1.062.000.00
(11,027.00)
-1.00
64,101,837.54 64,613,739.00 (511,901.46) -0.79%
3,071,098.45 5,629,314.00 (558,215.55) -15.38%
11,741.25
1,758,780.91
150,000.00
2,382,739.00
(138,258.75)
(623,958.09)
-92.17%
-26.19%
(1,777,833.74)
HET ASSETS AT BEGINNING OF YEAR
(1,]]7,500.00)
(333.74)
0.02%
105,125.18
112,500.00
103,203.864.14
(7,374.82)
103.82].822.23
-6.56%
1623.958.091
(2,604.78)
-0.60%
(1,575,00)
(1,029.78)
65.384
351,254.55
270,000.00
81,254.55
30.09%
(1.312.317.541
(1,246.575.00)
(65.742,54)
5.27%
CHANGE IN HET ASSETS
1,758,780.91
2,382,739.00
(623,958.09)
-26.19%
HET ASSETS AT BEGINNING OF YEAR
101,445,083.23
101,445,083.23
0.00
0.00%
HET ASSETS AT END OF MARCH
103,203.864.14
103.82].822.23
1623.958.091
-0.60%
- ( ) - ACTUAL UNDER BUDGET
(3A(
TOW OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
RECONCILIATION OF CAPITAL FUNDS
3/31/16
SOURCE OF CAPITAL FUNDS:
DEPRECIATION FUND BALANCE 7/1/15 5,434,307.79
CONSTRUCTION FUND BALANCE 7/1/15 1,400,000.00
INTEREST ON DEPRECIATION FUND TY 16 20,293.33
DEPRECIATION TRANSFER FY 16 2.958.593.£5
TOTAL SOURCE OF CAPITAL FUNDS 9,813,194.97
USE OF CAPITAL FUNDS:
LESS PAID ADDITIONS TO PLANT THRU !ARCH
TOTAL USE OF CAPITAL FUNDS 4,390,170.07
GENERAL LEDGER CAPITAL FUNDS BALANCE 3/31/16 5.423.024. 9D
TOWN OF READING, 1ASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SALES OF KILOWATT HOURS
3/31/16
MUNICIPAL SALES:
MONTH
"IN
LAST YEAR
CURRENT YEAR
YTD %
SALES OF ELECTRICITY:
LAST YEAA
CURRENT YEAR
TO DATE
TO DATE
CHANGE
RESIDENTIAL SALES
20,626,652
19,021,810
199,492,134
194,916,901
-2.39%
Conor. AND INDUSTRIAL SALES
29,273,602
30,884,897
3D4,911,288
296,607,913
-2.92%
PRIVATE STREET LIGHTING
79,624
87,519
712,545
734,691
3.11E
TOTAL PRIVATE CONSUNERS
49,979,878
49.994.226
_ 505,115,967
492.059,375
-2.58%
MUNICIPAL SALES:
STREET LIGHTING
237,189
220,596
2,179,674
2,054,216
-5.76%
MUNICIPAL BUILDINGS
785,967
765,618
7,432,444
6,984,847
-6.02%
TOTAL MUNICIPAL CONSUMERS
1.023.156
986.214
9,612,118
9.039.063
-5.96%
SALES POR RESALE
246,558
238,160
2,584,169
2,442,454
-5.48%
SCHOOL
1,291,370
1,263,893
11,609,559
10,894,125
-6.16%
TOTAL KILOWATT HOURS SOLD
52,540.962
52.482,493
528.921,813
514.435,017
-2.74%
(5)
MONTH
YEAR TO DATE
LAST YEAR
TO DATE
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
MI TT HOURS SOLD BY TOWN
3/31/16
TOTAL READING LYNNPIELD NO.EEADING WILMINGTON
RESIDENTxAL
19,021,810
6,123,122
2,363,575
4,343,884
6,191,229
COMA I IND
30,884,897
3,980,365
229,446
4,643,913
22,031,173
PVT ST LIGHTS
87,519
16,756
2,768
26,241
41,754
PUB ST LIGHTS
220,596
74,583
28,161
39,499
78,353
MMI BLDGS
765,618
235,226
148,349
108,193
273,850
SALES/E85ALE
238,160
238,160
- 0
0
0
SCHOOL
1,263,893
443,505
270,583
250,920
298,885
TOTAL
52.482.493
11.111.717
3.042,882
9.418.650
28.915.244
RESIDENTIAL
194,716,781
61,735,990
27,591,010
44,931,742
60,452,039
CWm9 6 IND
296,607,913
36,695,955
2,391,029
46,382,010
211,148,919
PVT ST LIGHTS
734,681
128,200
16,864
226,747
362,870
PUB ST LIGHTS
2,054,216
693,093
269,994
363,791
727,338
MMI BLDGS
6,984,847
1,722,499
1,512,003
1,177,453
2,572,892
SALES/EE9AL4
2,442,454
2,442,454
0
0
0
SCHOOL
10,894,125
3,163,444
2,362,412
2,235,520
2,532,649
TOTAL
514,435.01]
10].181.]35
34.139.312
95.31].263
271.796.]0]
RESIDENTIAL
199,492,134
62,381,127
28,379,843
45,643,242
63,088,922
Cpm% c IND
304,911,288
38,245,933
2,396,039
47,012,246
217,257,070
PVT ST LIGHTS
712,545
120,446
13,649
223,339
355,111
POB ST LIGHTS
2,179,674
732,410
294,595
382,641
770,028
HMI RIDGE
7,432,444
2,031,996
1,511,121
1,281,400
2,607,927
SALES/RESALE
2,584,169
2,584,169
0
0
0
SCHOOL
11,609,559
3,910,113
2,400,757
1,980,040
3,318,649
TOTAL
528,921,813
110.006.194
34,996,004
96.521.908
287.391 707
KIL0IATT BOMB SOLD TO TOTAL
37.85%
12.00%
5.36%
8.73%
TOTAL
REAMING
LYNNPIELD
NO.READING
WIIHINGTON
MONTH
0.46%
9.02%
41.05%
RESIDERTIAL
36.24%
11.67%
4.50%
8.28%
11.79}
CPom S IND
58.85%
7.58t
0.44%
8.85%
41.98%
PVT ST LIGHTS
0.17%
0.03%
0.01%
0.05%
0.08%
PUB ST LIGHTS
0.42%
0.14%
0.05%
0.08%
0.15%
MUNI RLDGS
1.46%
0.45%
0.26%
0.211
0.52%
SALES/RESALE
0.45%
0.45%
0.00%
0.00%
0.00%
SCHOOL
2.41%
0.85%
0.52%
0.48%
0.56%
TOTAL
100.00%
21.17%
5.80%
17.95%
55.05%
YEAR TO DATE
2.19%
6.62%
18.52%
54.05%
0.45%
LAST YEAR
TO DATE
RESIDENTIAL
37.85%
12.00%
5.36%
8.73%
11.76%
COM I IND
57.66%
COMA c IND
7.13%
0.46%
9.02%
41.05%
PVT ST LIGHTS
0.14%
41.08%
0.02%
PVT ST LIGHTS
0.00%
0.04%
0.08%
PUB ST LIGHTS
0.40%
0.04%
0.13%
0.07%
0.05%
0.071
0.15%
MUNI BLUGS
1.36%
0.06%
0.331
0.07%
0.29%
0.23%
0.51%
MUNI BLOCS
SALES/RESALE
0.47t
0.30%
0.47%
0.29%
0.00%
0.00%
0.00%
0.50%
SCHOOL
2.12%
0.49%
0.73%
0.49%
0.46%
0.43%
0.50%
0.00%
TOTAL
100.00%
20.81%
2.19%
6.62%
18.52%
54.05%
0.45%
RESIDENTIAL
37.72%
11.79%
5.37%
8.63%
11.93%
COMA c IND
57.65%
7.23%
0.45%
6.89%
41.08%
PVT ST LIGHTS
0.13%
0.02%
0.00%
0.04%
0.07%
PUB ST LIGHTS
0.41%
0.14%
0.06%
0.07%
0.14%
MUNI BLOCS
1.41%
0.30%
0.29%
0.24%
0.50%
SALES/RESALE
0.49%
0.49%
0.00%
0.00%
0.00%
SCHOOL
2.19%
0.74%
0.45%
0.37%
0.63t
TOTAL
100.004
20.79%
6.624
18.24%
54.35%
6)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
6VRNULA INCOME
3/31/16
TOTAL OPERATING REVENUES (P. 3)
ADD:
POLE RENTAL
LESS:
INTEREST INCOME ON CUSTOMER DEPOSITS
OPERATING E"ENSES (P. 3)
CUSTO@R DEPOSIT INTEREST EXPENSE
FORMULA INCOME (LOSS)
(7)
6],1]2,935.99
0.00
4,014.04
(64,101,537.54)
(2,604.75)
SALE OF HWH (P. 5(
K PURCxRS£o
AVE SASE COST PER RWH
AVE BASE SALE PER I
AVE COST PER KWH
AVE SALE PER KWH
FUEL CHARGE REVENUE (P.3(
LOAD FACTOR
f]AA[i Atl:41
TOWN OF RENDING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
GE RAL STATISTICS
3/31/16
MONTH OF
MAR 2015
52,540,962
58,925,210
0.024633
0.030794
0.077474
0.075942
2,372,124.71
78.85%
102,366
MONTH OF
%
CHANGE
YEAR
THRU
NAR 2016
2015
2016
NAR 2015
NAR 2016
52,482,493
-0.37%
-2.74%
528,921,813
514,435,017
54,713,763
-3.04%
0.77%
535,201,067
539,328,030
0.028039
-39.43%
8.57%
0.023964
0.026018
0.033879
-53.13%
11.53%
0.031114
0.034703
0.067323
-15.90
2.97%
0.072492
0.074642
0.084717
-28.09%
5.60%
0.080595
0.085105
2,668,095.44
8.15%
-0.93%
26,171,814.75
25,928,808.19
79.21%
94,617
(a)
T0W OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF CASH AND INVESTMENTS
3/31/16
UNRESTRICTED CASH
CASH - OPERATING FUND
CASH - PETTY CASH
TOTAL UNRESTRICTED CASH
CASH - DEPRECIATION FIND
CASH - TOW PAYMENT
CASH - DRFERRED FUEL RESERVE
CASH - RATE STABILIZATION FUND
CASH - UNCOLLECTIBLE ACCTS RESERVE
CASH - SICK LEAVE BENEFITS
CASH - HAZARD NASTE RESERVE
GSH - CUSTOT&R DEPOSITS
CASH - ENERGY CONSERVATION
TOTAL RESTRICTED CASH
INVESTMENTS
SICK LEAVE BUYBACK
TOTAL CASH BALANCE
SCHEDULE A
PREVICUS YEAR CURRENT YEAR
11,725,347.39
12,889,679.76
3,000.00
3,000.00
11.728.347.39
12.892.679.76
5,738,974.40
5,423,024.90
937,215.75
946,611.00
3,604,623.69
4,024,187.65
6,759,552.68
6,809,457.21
200,000.00
200,000.00
1,716,789.36
1,619,479.39
150,000.00
150,000.00
834,407.02
891,315.67
584,792.25
668,318.09
20.526.355.15
20.932,393.91
191
1.292.906.26 1.284.061.45
33.547.606.80 35.109,135.12
TOWN OF READING, MASSACHUSETTS
HDNICIPAL LIGHT DEPARTMENT
SCHEDULE OF ACCOUNTS RECEIVABLE
3/31/16
SCHEDULE B
SCHEDULE OF PREPAYMENTS
PREPAID INSURANCE
PREVIOUS YEAR
1,920,573.63
CURRENT YEAR
SCHEDULE OF ACCOUNTS RECEIVABLE
PREPAYMENT PURCHASED POWER
358,882.24
(139,499.06)
RESIDENTIAL AND CONHERCTAL
2,434,566.15
259,957.39
1,920,573.63
307,572.50
ACCOUNTS RECEIVABLE - OTHER
103,232.98
260,539.58
047,904.37
311,045.65
ACCOUNTS RECEIVABLE - LIENS
33,214.37
12,700.11
19,398.28
14,070.06
ACCOUNTS RECBIVABLE - EMELOYEE ADVANCES
892.14
1,900.447.64
543.53
1,562.102.39
SALES DISCOUNT LIABILITY
(189,102.33)
(91,073.73)
60 DAYS
RESERVE FOR UNCOLLECTIBLE ACCOUNTS
(288.655.57)
4.91%
(238.313.08)
TOTAL ACCOUNTS RECEIVABLE BILLED
2,094,147.54
2,359,033.00
UNBILLED ACCOUNTS RECEIVABLE
5,622,269.28
63,303.64
5,166,349.95
3.46%
TOTAL ACCOUNTS RECEIVABLE, NET
7 716,416.82
TOTAL
7.525.352.95
SCHEDULE OF PREPAYMENTS
PREPAID INSURANCE
1,008,368.32
1,920,573.63
1,068,113.24
PREPAYMENT PURCHASED POWER
358,882.24
(139,499.06)
PREPAYMENT BARRY
259,957.39
GENERAL LEDGER BALANCE
307,572.50
1.829.499.90
PREPAYMENT WATSON
260,539.58
311,045.65
PURCHASED PONER WORKING CAPITAL
12,700.11
1,410,813.35
14,070.06
77.12%
TOTAL PREPAYMENT
1,900.447.64
30 DAYS
1,562.102.39
OTHER DEFERRED DEBITS 0.00 1.547.815.00
ACCOUNTS RECEIVABLE AGING HARCH 2016:
RESIDENTIAL AND CCHNERCIAL
1,920,573.63
LESS: SALES DISCOUNT LIABILITY
(91.073.73)
GENERAL LEDGER BALANCE
1.829.499.90
CURRENT
1,410,813.35
77.12%
30 DAYS
228,393.18
12.48%
60 DAYS
89,802.30
4.91%
90 DAYS
37,187.43
2.03%
OVER
90 DAYS
63,303.64
3.46%
TOTAL
1.829,499.90
100.00%
poi
MUNICIPAL SALES:
TOWN OF READING, HASSACHDSETTS
4,446,168.95
42,628,526.27
MUNICIPAL LIGHT DEPARTMENT
2.709
STREET LIGHTING
(64,851.50)
SCHEOUL6 OF OPERATING HE VENUS
174,044.60
152,543.25
-12.359
3/31/16
MUNICIPAL BUILDINGS
59,375.40
62,824.86
582,186.39
578,152.70
SCnDULE D
TOTAL MUNICIPAL CONSUMERS
15,476.101
MONTH NORTH
LAST YEAR
CURRENT YEAR
YTD 9
SALES OF ELECTRICITY:
LAST YEAR CURRENT YEAR
TO DATE
ENERGY CONSERVATION - CO RCIAL
TO DATE
CHANGE
RESIDENTIAL SALES
1,959,329.86 1,900,]]0.50
18,896,674.52
314,615.22
19,357,230.44
19,691.69
2.449
COMA AND INDUSTRIAL SALES
2,014,889.49 2,322,006.98
21,795,933.70
(115,732,84)
22,508,168.71
(727,657.76)
3.274
PRIVATE STREET LIGHTING
9,148.12 10,609.53
84,797.20
92,291.47
6.417.735.98
8.849
TOTAL PRIVATE CONSUMERS
3.883.367.47 4.233.387.01
40.777.405.42
0.419
41.957.690
62
2.899
MUNICIPAL SALES:
3,990,064.24
4,446,168.95
42,628,526.27
43,181,136.35
2.709
STREET LIGHTING
(64,851.50)
28,503.76
174,044.60
152,543.25
-12.359
MUNICIPAL BUILDINGS
59,375.40
62,824.86
582,186.39
578,152.70
-0.699
TOTAL MUNICIPAL CONSUMERS
15,476.101
91.328.62
756,230.99
730.695.95
-3.389
ENERGY CONSERVATION - CO RCIAL
30,806.99
32,364.98
317,968.57
314,615.22
SALES FOR RESALE
19,691.69
21,040.18
(130,242.61)
219,485.22
(115,732,84)
213,739.83
(727,657.76)
-2.629
(860,453.41)
SCHOOL
92,481.18
100,413.14
6.417.735.98
875,404.64
].3]0,698.04
879,009.95
65.]33 051.42
0.419
67.1]2 935.99
SUE -TOTAL
3,990,064.24
4,446,168.95
42,628,526.27
43,181,136.35
2.709
FORFEITED DISCOONTS
111,905.43
94,161.41
646,656.96
637,768.09
-1.379
PURCHASED POWER CAPACITY
2,394,543.72
2,894,686.58
22,667,928.12
23,105,038.79
1.939
ENERGY CONSERVATION - RESIDENTIAL
20,658.31
19,048.96
199,629.26
194,830.96
-2.409
ENERGY CONSERVATION - CO RCIAL
30,806.99
32,364.98
317,968.57
314,615.22
-1.059
NYPA CREDIT
(130,242.61)
(115,732,84)
(727,657.76)
(860,453.41)
18.259
TOTAL REVENUE
6.417.735.98
].3]0,698.04
65.]33 051.42
67.1]2 935.99
2.199
DU
TOWN OF RENTING, NASSACHDSETTS
MUNICIPAL LIGHT DEPARTMNT
SCHEDULE OF OPERATING REVENUE BY TOWN
3/31/16
PERCENTAGE OF OPERATING INCOME TO TOTAL
TOTAL
READING
RRADING
NO.REAIIING
LYNNFIRLD
MONTH
NO.READING
WILMINGTON
MONTH
REGIDENTLAL
42.15%
13.851
PESIDENTIAL
1,900,]]0.50
615,590.24
235,749.46
53.64%
433,609.49
7.91%
615,821.31
0.76%
INDUS/MUNI BLDG
2,384,831.84
36.50%
351,685.07
PUB. ST.LIGHTS
33,641.88
3]6,520.9]
1,622,983.92
0.12%
PUB. ST.LIGHTS
28,503.76
9,653.18
0.241
3,607.32
0.04%
5,126.29
0.01%
10,116.97
PRV.ST.LIGHTS
10,609.53
CO-OP RESALE
1,835.76
261.95
3,380.43
0.00%
5,131.39
0.00%
CO-OP RESALE
21,040.18
2.26%
21,040.18
0.79%
0.00
0.47%
0.00
0.00
SCHOOL
100,413.14
35,174.85
20,680.93
18.90%
21,337.65
51.20%
23,219.71
THIS YEAR TO DATE
TOTAL
4.446.168.95
1.034.9]9.28
293.941.54
839.9]4.83
2.2]].273.30
44.22%
THIS YEAR TO DATE
14.11%
6.22%
10.18%
13.71%
INDUS/MUNI SLOG
52.73%
RESIDENTIAL
19,357,230.44
0.77%
6,1]],145.84
2,721,003.84
4,455,166.75
0.35%
6,003,914.01
0.12%
INDUS/NUNS SLOG
23,086,321.41
0.06%
3,193,221.12
0.13%
337,701.01
PRV.ST.LIGHTS
3,704,085.30
15,851,313.98
PUB. ST.LIGHTS
152,543.25
51,655.26
19,694.86
0.49%
27,402.49
0.494
53,790.64
0.00%
PRV.ST.LIGHTS
92,291.47
0.00%
15,373.46
SCHOOL
1,964.85
29,943.90
45,009.26
0.44%
CO-OP RESALE
213,739.83
213,739.83
0.00
22.75%
0.00
7.45%
0.00
SCHOOL
879,009.95
304,747.55
184,175.79
190,640.34
199,446.27
TOTAL
43.]91.136.35
9.955.883.06
3.261,540.33
8.407,238.79
22,153.470.17
RESIDENTIAL
44.33%
13.92%
6.27%
10.12%
14.02%
INDUS/NUNS BLOC
LAST YEAR TO DATE
7.50%
0.15%
8.51%
35.74%
MB ST.LIGHTS
0.41%
RZSIDENTW.
18,896,674.52
5,935,691.05
0.07%
2,672,364.35
0.14%
4,314,726.50
PRV.ST.LIGHTS
5,973,892.62
INDUS/MUNI BLDG
22,378,120.09
0.00%
3,195,418.54
318,364.04
3,629,456.77
0.51%
15,234,880.74
0.51%
PUB.ST.LIGHTS
174,144.60
0.00%
58,482.14
0.00t
23,523.09
SCHOOL
30,553.47
61,585.90
PRV.ST.LIGHTS
84,797.20
14,061.11
1,651.90
_100.00%
27,562.07
22.80%
41,522.12
7.50%
CO-OP RESALE
219,485.22
50.58%
219,485.22
0.00
0.00
0.00
SCHOOL
875,404.64
298,077.28
178,992.72
151,533.35
246,801.29
TOTAL
42.628.626.27
9.721.215.34
3.194.896.10
8, 153,832.1fi
21.558.682.67
PERCENTAGE OF OPERATING INCOME TO TOTAL
TOTAL
READING
LYNNFIELD
NO.REAIIING
WILMINGTON
MONTH
REGIDENTLAL
42.15%
13.851
5.30%
9.75%
13.85%
INDUS/NUNS BIDS
53.64%
7.91%
0.76%
8.474
36.50%
PUB. ST.LIGHTS
0.64%
0.221
0.08%
0.12%
0.22%
PRV.ST.LIGHTS
0.241
0.04%
0.01%
0.081
0.11%
CO-OP RESALE
0.47%
0.47%
0.00%
0.00%
0.00%
SCHOOL
2.26%
0.79%
0.47%
0.48%
0.52%
TOTAL100.0O%
23.28%
6.62%
18.90%
51.20%
THIS YEAR TO DATE
RESIDENTIAL
44.22%
14.11%
6.22%
10.18%
13.71%
INDUS/MUNI SLOG
52.73%
7.29%
0.77%
8.46%
36.21%
PUS.ST.LIGHTS
0.35%
0.12%
0.00
0.06%
0.13%
PRV.ST.LIGHTS
0.21%
0.04%
0.00%
0.07*
0.10%
CO-OP REGALE
0.49%
0.494
0.00%
0.00%
0.00%
SCHOOL
2.00%
0.70%
0.42%
0.44%
0.44%
TOTAL100.00%
22.75%
7.45%
19.21%
50.59%
LAST YEAR TO DATE
RESIDENTIAL
44.33%
13.92%
6.27%
10.12%
14.02%
INDUS/NUNS BLOC
52.50%
7.50%
0.15%
8.51%
35.74%
MB ST.LIGHTS
0.41%
0.14%
0.06%
0.07%
0.14%
PRV.ST.LIGHTS
0.20%
0.03%
0.00%
0.06%
0.11%
CO-OP RESALE
0.51%
0.51%
0.00%
0.00%
0.00t
SCHOOL
2.05%
0.10%
0.42%
0.36%
0.57%
TOTAL
_100.00%
22.80%
7.50%
19.12%
50.58%
SALES OF ELECTRICITY:
RESIDENTIAL
COHN AND INDUSTRIAL SALES
PRIVATE STREET LIGHTING
MUNICIPAL BUILDINGS
PUBLIC STREET LIGHTING
BALES FOR RESALE
SCHOOL
TOTAL BASE SALES
TOTAL FUEL BALES
TOTAL OPERATING REVENUE
FORFEITED DISCOUNTS
PURCHASED POWER CAPACITY
ENERGY CONSERVATION - RESIDENTIAL
ENERGY CONSERVATION - COHXERCIAL
HYPA CREDIT
TOTAL OPERATING REVEHUeS
( ) - ACTUAL UNDER BUDGET
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED REVENUE VARIANCE REPORT
3/31/16
SCHEDULE F
ACTUAL
BUDGET
%
YEAR TO DATE
YEAR TO DATE
VARIANCE •
CHANGE
9,617,065.80
9,551,349.00
65,716.80
0.69%
7,761,815.99
7,408,738.00
353,D77.99
4.77%
49,358.86
284,264.00
(234,905.14)
-82.64%
92,566.46
103,876.00
(11,309.54)
-10.69%
331,521.05
318.721.00
12.800.05
4.02%
17,652,328.16
17,666,948.00
185,380.16
1.05%
25,928,808.19
27,501.671.00
(1,572.862.811
-5.72%
43,781,136.35
45,168,619.00
(1,387,462.65)
-3.07%
637,768.08
530,010.00
107,758.08
20.33%
23,105,038.79
22,707,358.00
397,680.79
1.75%
194,830.96
195,961.00
(1,130.04)
-0.58%
314,615.22
316,ID5.DO
(1,489.78)
-0.47%
(860,453.41)
(675,000.00)
(185,453.41)
27.47%
-1.57%
67.172.935.99
68,243,053.00
(1.070.117.011
OPERATION EXPENSES:
PURCHASED POWER CAPACITY
PURCHASED POWER TRANSMISSION
TOTAL PURCHASED POWER
OPERATION SUP AND ENGINEERING RXP
STATION SUP LABOR AND NISC
LINE NISC LABOR AND EXPENSE
STATION LABOR AND EXPENSE
STREET LIGHTING EXPENSE
MIER EXPENSE
NISC DISTRIBUTION EXPENSE
METER READING LAROR 6 EXPENSE
ACCT 4 CO" LABOR 6 EXPENSE
UNCOLLECTIBLE ACCOUNTS
ENERGY AUDIT EXPENSE
ADMIN 4 GEN SALARIES
OFFICE SUPPLIES 6 EXPENSE
OUTSIDE SERVICES
PROPERTY INSURANCE
INJURIES AND DAHNGES
EMELOYEE9 PENSIONS G BENEFITS
NISC GENERAL EXPENSE
RENT EXPENSE
ENERGY CONSERVATION
TOTAL OPERATION EXPENSES
IWINTRUAHCE EXPENSES:
(MINT OF TRANSNZSSION PLANT
!PINT OF STRUCT AND EQUI PNT
NAINT OF LINES - ON
NAINT OF LINES - UG
NAINT OF LINE TRANSFORMERS
NAINT OF ST IT 6 SIG SYSTEM
NAZNT OF GARAGE AND STOCXROCH
HAIM OF METERS
MMMT OF GEN PLANT
TOTAL MAINTENANCE EXPENSES
DEPRECIATION EXPENSE
PURCHASED POKER MEL EXPENSE
VOLUNTARY PAYMENTS TO TOWNS
TOTAL OPERATING EXPENSES
TONN OF HEADING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING EXPENSES
3/31/16
SCHEDULE E
MONTH
NORTH
LAST YEAR
CURRENT YEAR
YTD 6
LAST YP
CURRENT YEAR
TO DATE
TO DATE
CRINGE
1,463,262.28
1,534,123.01
12,025,378.23
14,031,970.80
9.418
951,509.01
865,365.34
9,161,648.07
9,547,499.85
4.218
2,414,]]1.29
2,399,488.35
21.987,026.30
23.5]9,4]0.65
7.248
47,212.01
52,952.93
397,020.30
419,435.25
5,650
13,542.19
14,326.27
120,176.99
116,490.39
-3.070
57,100.53
]3,668.]3
631,164.63
533,844.25
-15.429
45,733.74
44,545.11
388,740.01
309,618.29
-20.366
9,015.47
10,112.10
69,008.86
87,402.15
26.65%
16,850.22
21,307.75
149,393.14
169,403.61
13.396
34,555.39
46,614.15
338,479.57
341,447.62
0.886
474.28
409.43
12,544.01
17,468.36
39.269
156,442.59
165,405.64
1,337,448.81
1,253,567.49
-6.270
10,000.00
10,000.00
90,000.00
90,000.OD
0.000
31,758.41
(4,278.03)
304,910.18
369,973.23
21.340
52,682.28
00,961.46
599,227.56
676,492.34
12.890
29,214.26
36,773.20
231,992.91
256,736.22
10.670
29,435.30
76,973.08
297,977.62
300,414.68
0.820
31,242.39
2],632.]2
272,737.70
273,314.15
0.216
4,472.39
4,627.56
33,566.42
36,429.00
8.536
225,136.83
235,210.85
2,233,137.41
2,064,437.13
-6.666
6,800.84
5,052.82
111,828.46
101,346.25
-9.370
16,405.41
13,983.07
128,515.22
129,852.90
1.044
33,501.11
129,576.98
390,066.58
425,734.05
9.146
651.655.64
1.053,856.62
8,137,944.46
7,993,407.36
-1.79%
227.00
227.00
2,043.74
2,043.74
0.009
35,932.35
49,313.13
400,337.11
300,410.02
-24.960
157,594.53
95,194.02
1,312,532.65
1,284,508.86
-2.140
16,192.11
6,940.93
129,667.45
89,221.89
-31.199
0.00
0.00
61,321.32
881896.50
44.979
(42.07)
(62.66)
(149.25)
(501.13)
235.779
62,905.67
65,913.79
460,960.03
428,664.91
-7.016
0.00
33.34
0.00
33.34
0.008
15,023.22
16,177.31
163,677.19
101,654.27
-37.890
280 712.09
233,744.94
2,530,390.24
2.294,932.40
-9.319
321,788.79 328,732.65 2,896,099.11 2,958,593.85 2.160
3,101,903.54 2,149,376.47 25,972,228.26 26,224,452.28 0.97E
118,000.00 1191000.00 1,052,754.00 1,050,973.00 -0.170
].096.831.35 6,293,199.03 62,5]6.442.3] 64.101.83].54
(12)
2.449
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
3/31/16
SCHEDULE G
MAINTENANCE EXPENSES
HAINT OF TRANSUSSION PLANT
ACTUAL
BUDGET
(206.26)
-9.17%
%
OPERATION EXPENSES:
YEAR TO DATE
YEAR TO DATE
VARIANCE •
CHANGE
PURCHASED POWER CAPACITY
14,031,978.80
4.60%
13,085,550.00
HAINT OF LINES - ON
446,428.80
7.23%
PURCHASED POWER TRANSIISETON
9,547,449.85
-13.13%
9,621,808.00
HAINT OF LINES - UG
(74,308.15)
-0.]]%
TOTAL PURCHASED POWER
23.5]9.4]5.65
-22.50%
22.]0].358.00
RAINY OF LINE TRANSFORMERS
872,120.65
3.84%
(136,103.50)
-60.49%
OPERATION SUP AND ENGINEERING EXP
419,435.25
4]4,0]0.00
(54,634.75)
-11.52%
STATION SUP LABOR AND RISC
116,490.39
63,648.00
52,842.39
83.02%
LINE MISC LABOR AND EXPENSE
533,844.25
516,245.00
17,599.25
3.41%
STATION LABOR AND EXPENSE
309,618.29
33],53].00
(2],918.]1)
-8.27%
STREET LIGHTING EXPENSE
87,402.15
70,296.00
17,106.15
24.33%
METER EXPENSE
169,403.61
171,D38.00
2,958,593.85
(1,614.39)
2,98],3]0.00
-0.94%
(28,]]6.15)
RISC DISTRIBUTION EXPENSE
341,447.62
344,941.00
26,224,452.2E
(3,493.38)
26,826,671.00
-1.01%
(602,218.72)
METER READING LABOR 6 EXPENSE
17,468.36
24,487.00
1,050,973.00
(7,018.64)
1,062,000.00
-28.66%
(11,027.00)
ACCT 6 COLL LABOR 6 EXPENSE
1,253,50.49
1,281,542.00
(2],9]4.51)
-2.18%
UNCOLLECTIBLE ACCOUNTS
90,000.00
90,000.00
64.613,]39.00
0.00
0.004
ENERGY AUDIT EXPENSE
369,973.23
362,739.00
7,234.23
1.99%
ADRQN 6 GEN SALARIES
676,492.34
629,574.00
46,918.34
7.45%
OFFICE SUPPLIES 6 EXPENSE
256,736.22
225,900.00
30,836.22
13.65%
OUTSIDE SERVICES
300,414.68
306,407.00
(5,992.32)
-1.96%
PROPERTY INSURANCE
273,314.15
349,650.00
(76,335.85)
-21.83%
INJURIES AND DAHAGES
36,429.00
38,589.00
(2,160.00)
-5.60%
EMPLOYEES PENSIONS I BENEFITS
2,084,437.13
1,995,172.00
89,265.13
4.474
MISC GENERAL EXPENSE
101,346.25
196,072.00
(94,]25.]5)
-48.31%
SENT EXPENSE
129,852.90
159,003.00
(29,150.10)
-18.33%
ENERGY CONSERVATION
425,734.05
612,444.00
(186,709.95)
-30.49%
TOTAL OPERATION EXPENSES
],993.40].36
8.249.334.00
(255.926.64)
-3.10%
MAINTENANCE EXPENSES
HAINT OF TRANSUSSION PLANT
2,043.74
2,250.00
(206.26)
-9.17%
[HINT OF STAUCT AND EQUIPMENT
300,41D.02
287,186.00
13,224.02
4.60%
HAINT OF LINES - ON
1,284,508.86
1,478,630.00
(194,121.14)
-13.13%
HAINT OF LINES - UG
89,221.89
115,120.00
(25,898.11)
-22.50%
RAINY OF LINE TRANSFORMERS
88,896.50
225,000.00
(136,103.50)
-60.49%
HAINT OF ST LT S SIG SYSTEM
(501.13)
1,599.00
(8,090.13)
-106.60%
[MINT OF GARAGE AND STOCRROOH
428,664.91
493,831.00
(65,166.09)
-13.20%
HAINT OF METERS
33.34
3],]50.00
(3],]16.66)
-99.91%
HAINT OF GEN PLANT
101,654.27
133,65D,00
(31,995.73)
-23.94%
TOTAL MAINTENANCE EXPENSES
2,294.932.40
2.]81.006.00
(486.073.60)
-17.48%
DEPRECIATION EXPENSE
2,958,593.85
2,98],3]0.00
(28,]]6.15)
-0.96%
PURCHASED POKER FUEL EXPENSE
26,224,452.2E
26,826,671.00
(602,218.72)
-2.24%
VOLUNTARY PAYMENTS TO TOWNS
1,050,973.00
1,062,000.00
(11,027.00)
-1.04%
TOTAL OPERATING EXPENSES
-0.79%
64,101.83].54
64.613,]39.00
(511.901.461
( ) - ACTUAL UNDER BUDGET
1m)
TONS OF HEADING, IASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
3/31/16
TAINTENANCE EXPENSES
MINT OF TRANSMISSION PLANT
RESPONSIBLE
3,000.00
2,043.14
ROAINING
31.88%
MINT OF STRUCT AND EQUIPMT
SENIOR
2016
ACTUAL
BUDGET
REMAINING
OPERATION EXPENSES:
TANAGER
ANNUAL BUDGET
YEAR TO DATE
BALANCE
1,284,508.86
BUDGET
%
PURCHASED POWER CAPACITY
JP
17,095,785.00
TAINT OF LINES - UG
14,031,978.80
130,694.00
3,063,806.20
89,221.89
17.92%
41,472.11
PURCHASED POWER TRANSMISSION
JP
12,600,639.00
MINT OF LINE TRANSFORMERS
9,547,499.85
156,000.00
3,053,139.15
88,896.50
24.23%
67,103.50
TOTAL PURCHASED POWER
43.02%
29,696.424.00
MINT OF ST LT 6 SIG SYSTEM
23,579,478
65
6,116,945.35
(501.13)
20.60%
10,246.13
105.14%
TAINT OF GARAGE AND STOCEROOM
NJ
660,131.00
OPERATION SUP AND ENGINEERING EXP
HJ
629,691.00
231,466.09
419,435.25
35.06%
210,255.75
MINT OF NETERS
33.39%
43,575.00
STATION SUP LA30R AND MISC
HJ
84,858.00
43,541.66
116,490.39
99.92%
(31,632.39)
MINT OF GEN PLANT
-37.28%
178,200.00
LINE MISC LABOR AND EXPENSE
HJ
666,641.00
76,545.73
533,844.25
42.95%
132,796.75
TOTAL MAINTENANCE EXPENSES
19.92%
3.341.465.00
STATION LABOR AND EXPENSE
HJ
448,347.00
1,046.532.60
309,618.29
31.32%
136,728.71
30.94%
STREET LIGHTING EXPENSE
BJ
93,347.00
DEPRECIATION EXPENSE
87,402.15
3,983,145.00
5,944.85
2,958,593.85
6.37%
1,024,551.15
MTER EXPENSE
HJ
233,648.00
PURCHASED POWER FUEL EXPENSE
169,403.61
34,326,329.00
64,244.39
26,224,452.28
27.50%
8,101,576.72
MISC DISTRIBUTION EXPENSE
HJ
457,068.00
VOLUNTARY PAYNENTS TO TOWNS
341,447.62
1,416,000.00
115,620.38
1,050,973.00
25.30%
365,027.00
NETER HEADING LABOR I EXPENSE
HJ
32,578.00
TOTAL OPERATING EXPENSES
17,468.36
15,109.64
46.38%
ACCT I COLL LABOR c EXPENSE
RP
1,693,219.00
83.632,495.00
1,253,567.49
64.101.837.54
439,651.51
19.530.657.46
25.97%
UNCOLLECTIBLE ACCOUNTS
J4
120,000.00
90,000.00
30,000.00
25.00%
ENERGY AUDIT EXPENSE
JP
482,273.00
369,973.23
112,299.77
23.29%
ADNIN c GEN SALARIES
CO
838,461.00
676,492.34
161,968.66
19.32%
OFFICE SUPPLIES 6 EXPENSE
CO
301,000.00
255,736.22
44,263.78
14.71%
OUTSIDE SERVICES
CO
377,332.00
300,414.68
76,917.32
20.38%
PROPERTY INSURANCE
NJ
466,200.00
273,314.15
192,885.85
41.37%
INJURIES AND DAMAGES
BJ
51,254.00
36,429.00
14,825.00
28.92%
EMPLOYEES PENSIONS I BENEFITS
NJ
2,633,591.00
2,084,437.13
549,153.87
20.85%
MISC GENERAL EXPENSE
CO
231,022.00
101,346.25
129,675.75
56.13%
NEXT EXPENSE
NJ
212,000.00
129,852.90
82,147.10
38.75%
ENERGY CONSERVATION
JP
816,602.00
425,734.05
390,867.95
47.87%
TOTAL OPERATION EXPENSES
10.869,132.00
7,993,407.36
2,875,724.64
26.46%
TAINTENANCE EXPENSES
MINT OF TRANSMISSION PLANT
HJ
3,000.00
2,043.14
956.26
31.88%
MINT OF STRUCT AND EQUIPMT
NJ
484,026.00
3DD,410.02
183,615.98
37.94%
TAINT OF LINES - ON
NJ
1,675,794.00
1,284,508.86
391,285.14
23.35%
TAINT OF LINES - UG
NJ
130,694.00
89,221.89
41,472.11
31.73%
MINT OF LINE TRANSFORMERS
NJ
156,000.00
88,896.50
67,103.50
43.02%
MINT OF ST LT 6 SIG SYSTEM
NJ
9,745.00
(501.13)
10,246.13
105.14%
TAINT OF GARAGE AND STOCEROOM
NJ
660,131.00
425,664.91
231,466.09
35.06%
MINT OF NETERS
NJ
43,575.00
33.34
43,541.66
99.92%
MINT OF GEN PLANT
RF
178,200.00
101,654.27
76,545.73
42.95%
TOTAL MAINTENANCE EXPENSES
3.341.465.00
2,294.932.40
1,046.532.60
31.32%
DEPRECIATION EXPENSE
RF
3,983,145.00
2,958,593.85
1,024,551.15
25.72%
PURCHASED POWER FUEL EXPENSE
JP
34,326,329.00
26,224,452.28
8,101,576.72
23.60%
VOLUNTARY PAYNENTS TO TOWNS
AF
1,416,000.00
1,050,973.00
365,027.00
25.75%
TOTAL OPERATING EXPENSES
23.35%
83.632,495.00
64.101.837.54
19.530.657.46
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
PROFESSIONAL SERVICES
03/31/2016
PROFESSIONAL SERVICES BY PROJECT
ITEM
DEPARTMENT
ACTUAL
BUDGET
VARIANCE
1 ENID AND PENSION TRUST AUDIT FEES
ACCOUNTING
28,895.25
DUNCAN AND ALLEN
35,000.00
(6,104.75)
589.60
2 LEGAL-FERC/ISO/POWER/OTHER
INTEGRATED RESOURCES
80,532.46
103,725.00
12,430.00
(23,192.54)
RUBIN AND BUCHAN
3 NERC COMPLIANCE AND AUDIT
E 6 0
25,205.85
23,196.25
11,250.00
PLA ELECTRIC POWER ENGINEERING
13,955.85
4 LEGAL- SOLAR/FIBER
ENGINEERING
24,936.00
FLEET COUNSELOR SERVICES INC.
1,497.00
17,439.00
300.414.68
5 LEGAL -GENERAL
GM
90,844.12
56,250.00
34,594.12
6 LEGAL SERVICES
HR
32,100.25
64,938.00
(32,837.75)
7 SURVEY RIGHT OF NAY/ ENVIRONMENTAL
BLDG. MAINT.
0.00
7,497.00
(7,497.00)
8 INSURANCE CONSULTANT/OTHER
GEN. BENEFIT
17,900.75
20,250.00
(2,349.25)
TOTAL
300,414.68
306,407.00
(5,992.32)
PROFESSIONAL SERVICES BY VENDOR
ACTUAL
MELANSON HEATH
28,500.00
DUNCAN AND ALLEN
38,895.79
CHOATE PALL 6 STEWART
589.60
COTTE MANAGEMENT CONSULTING LLC
633.75
UTILITY SERVICE INC.
12,430.00
RUBIN AND BUCHAN
138,912.32
SHERCZYNSHI c CORN, PC
23,196.25
PLA ELECTRIC POWER ENGINEERING
24,936.00
FERRITER SCOBSO c RODOPHELE, PC
15,708.47
FLEET COUNSELOR SERVICES INC.
16,612.50
TOTAL
300.414.68
(13)
DEFERRED FUEL CASH RESERVE ANALYSIS
3/31/16
(14)
GROSS
MONTHLY
TOTAL
DATE
CHARGES
REVENUES
NYFA CREDIT
DEFERRED
DEFERRED
a.-15
5,180,285.15
Jul -15
3,492,949.80
3,083,024.15
(65,798.90)
(475,724.55)
4,704,560.60
Auq-15
3,269,589.09
3,172,916.67
(70,099.15)
(166,771.57)
4,537,789.03
Sa -15
3,302,139.93
3,385,022.47
(100,901.03)
(18,018.49)
4,519,770.54
Oct -15
2,543,916.53
2,607,127.52
(105,545.52)
(42,334.53)
4,477,436.03
N0v-15
2,489,548.12
2,551,186.05
(87,425.40)
(25,787.47)
4,451,648.54
Diu -15
2,757,146.26
2,826,699.78
(91,032.01)
(21,478.49)
4,430,170.05
Jae -16
3,163,761.69
2,656,333.87
(108,747.38)
(616,175.20)
3,813,994.85
Fab -16
3,056,024.39
2,978,402.24
(115,171.18)
(192,793.33)
3,621,201.52
Mas -16
2,149,376.47
2,668,095.44
(115,732.84)
402,986.13
4,024,187.65
(14)
AMA
BUDGET / ACTUAL CCA@ARISON SDNHARY SCHEDULE
3/31/16
DIVISION
ACTUAL
BUDGET
VARIANCE
VAR %
BUSINESS DIVISION
7,538,039
7,607,458
(69,419)
-0.91%
INTEGRATED RESOURCES
876,240
1,078,910
(202,670)
-18.78%
ENGINEERING AND OPERATIONS
3,645,039
3,999,260
(354,221)
-8.86%
FACILITY
3,439,181
3,530,840
(91,660)
-2.60%
GENERAL MANAGER
579.847
642.315
162,468)
-9.73%
SUB -TOTAL
16,078,346
16,858,783
(780,438)
-4.63%
PURCHASED POWER BASE
23,579,479
22,707,358
872,121
3.84%
PURCHASED POWER FUEL
26,224,452
26,826,671
(602,219)
-2.24%
TOTAL
65.882,277
66 392 812
1510.5361
-0.77%
FINANCIAL REPORT
APRIL 30, 2016
ISSUE DATE: MAY 31, 2016
ASSETS
CURRENT
UNRESTRICTED CASH
RESTRICTED CASH
RESTRICTED INVESTMENTS
RECEIVABLES, NET
PREPAID ENWENSES
OTHER DEFERRED DEBITS
INVENTORY
TOTAL CURRENT ASSETS
NONCURRENT
INVESTMENT IN ASSOCIATED CO
CAPITAL ASSETS, NET
TOTAL NONCURRENT ASSETS
TOTAL ASSETS
TOWN OF HEADING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS -TYPE PROPRIETARY FUND
STATE!ffiNT OF NET ASSETS
4/30/16
PREVIOUS THAN, CURRENT YEAR
(BCH A
P.9)
10,499,390.73
12,353,229.44
(BCH A
P.9)
21,859,201.96
17
21,391,093.72
(BCH A
P.9)
1,292,906.26
1,284,061.45
(BCH B
P.10)
7,138,806.92
10,00],83].81
2,918,870.73
(BCH B
P.10
2,322,]47.8]
2,918.870.73
1,036,936.50
3.070.487.93
(BCH B
P.10)
0.00
1,547,815.00
1,64],9]4.25
16.317.967.92
1,623,032.70
44.]61.02].99
49.224.006.62
(BCH C P.2)
(BCH C P.2)
LIABILITIES
CURRENT
ACCOUNTS PAYABLE
CUSTOMER DEPOSITS
CUSTOMER ADVANCES FOR CONSTRUCTION
ACCRUED LIABILITIES
TOTAL CURRENT LIABILITIES
NONCURRENT
ACCRUED ENWMEES CO ENSATED ABSENCES
TOTAL NONCURRENT! LIABILITIES
TOTAL LIABILITIES
INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT
RESTRICTED FOR DEPRECIATION FUND (P. 9)
UNRESTRICTED
TOTAL NET ASSETS (P. 3)
TOTAL LIABILITIES AND NET ASSETS
u
26,993.75
26,993.75
69,609,835.42
72,138,142.09
fi9.fi36,829.
17
72.165.135.84
114.391,651.16 121.389.142.46
5,276,532.29
8,243,929.56
833,687.02
884,660.03
585,072.48
1,060,465.55
286,847.01
3,058,424.85
6.982.138.80
13.24],4]9.99
2,918,870.73
3,0]0,48].93
2,918.870.73
3.070.487.93
9,901.009.53
16.317.967.92
69,609,835.42
72,138,142.09
5,194,492.97
4,635,370.82
29,092,519.24
28,297,661.63
104,496.84].63
105,071.174.54
114.39].85].16 121.389.142.46
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
NONCURRENT ASSET SCHEDDLE
4/30/16
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 IIRROVXKRMTS
EQUIPMENT AND FURNISHINGS
INFRASTRUCTURE
TOTAL CAPITAL ASSETS, NET
SCHEDULE C
PREVIOUS YEAR CURRENT YEAR
2,975.74 2,975.74
24,018.01 24,018.01
26.993.05
1,265,842.23
6,312,398.38
12,590,216.90
49,441.377.91
69.fi09 835 42
26.993 75
1,265,842.23
7,423,355.47
12,508,181.29
50,940.763.10
72 138 142 09
TOTAL NONCURRENT ASSETS 69.636.829.17 72.165.135.84
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT 0EPARTMENT
BUSINESS -TYPE PROPRIETARY FUND
STATEMENT OF REVENVEP, EXPENSES AND CHANGES IN FUND NET ASSETS
4/30/16
OPERATING REVENUES: (SCH D P.11)
BASE REVENUE
FUEL REVENUE
PURCWE80 POWER CAPACITY
FORFEITED DISCOUNTS
ENGAGE CONSERVATION REVENUE
NYPA CREDIT
TOTAL OPERATING REVBNUEE
OPERATING EXPENSES: (SCH S P.12)
PURCHASED POWER CAPACITY
PURCHASED POWER TRANSMISSION
PURCHASED POWER PUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAFRENTS TO TOWNS
TOTAL OPERATING EXPENSES
OPERATING INCONM
NONOPEPATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST
RETURN ON INVESTMENT TO READING
INTEREST INCONE
INTEREST EXPENSE
OTHER (MSE AND AMORT)
TOTAL NONOPERATING REV (8.)
ORANGE IN NET ASSETS
NET ASSETS AT BEGINNING OF YEAR
NIT ASSETS AT END OF APRIL
NORTH MONTH LAST YEAR CURRENT YEAR YTD %
LAST YEAR CURRENT YEAR TO DATA TO DAT) ORANGE
1,679,823.07
11850,100.08
18,136,536.59
19,702,428.24
8.63%
2,560,445.08
2,745,250.33
28,732,259.93
28,674,058.52
-0.20%
2,049,101.57
3,106,976.70
24,716,029.69
26,212,015.49
6.050
64,035.97
36,148.77
710,692.93
673,916.85
-5.17%
50,591.08
54,209.16
568,178.91
563,655.34
-0.80%
(100.873.74)
(129.300.16)
(828.531.50)
(989,753.5
19.46%
6,302,113.03 7,663,384.88 72,035,164.45 74,836,320.97 3.89%
1,447,201.16
1,460,665.08
16,272,579.39
15,492,643.88
8.55%
925,838.93
834,561.05
10,097,487.00
10,382,060.90
2.92%
1,503,848.55
1,021,988.77
27,476,076.81
28,046,441.05
2.08%
975,728.44
891,071.87
9,113,672.90
8,884,479.23
-2.51\
201,021.16
279,471.04
2,731,411.40
2,574,403.64
-5.75%
321,788.79
320,732.65
3,217,887.90
3,207,326.50
2.161
118.000.00
110,000,00
1,170 756
00
368,973.00
-0.151
5,493,427.03 5,734,490.46 68,069,869.40 69,836,328.00 2.60%
808,606.00 1,920,894.42 3,965,295.05 4,999,992.87 26.09%
35,610.25
125,000.00
125,102.00
136,741.25
9.30%
(194,405.26)
(197,537.08)
(1,944,052.54)
(1,975,370.82)
1.61%
5,075.75
8,406.50
103,347.44
113,531.68
9.95%
(251.64)
(187.04)
(3,796.50)
(2,791.82)
46.46%
11,411.00
2,733.60
377,618.02
353,988.15
-6.26%
(142.559.90)
(61.584.02)
(1.341.781.58)
(1,373.90Z.56)
2.39%
fifi 6.12fi .30 1.667.310.40
pl
2,623,513.47 3,626,091.31 38.22%
101,873,334.16 101,445,083.23 -0.42%
104.496.847.63 105.071.174.54 0.55%
OPERATING EXPENSES: (SCH G P.12A)
PURCHASED POWER - CAPACITY
PURCHASED POWER - TRANSMISSION
PURCHASED POWER FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAYMENTS TO TOWNS
TOTAL OPERATING EXPENSES
OPERATING INCOME
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST
RETURN ON INVESTMENT TO READING
INTEREST INCON:
INTEREST EXPENSE
OTHER (MDSE AND AMORT)
TOTAL NONOPERATING NEV (EXP)
CHANGE IN NET ASSETS
NET ASSETS AT BEGINNING OF YEAR
NET ASSETS AT END OF APRIL
( ) = ACTUAL UNDER BUDGET
15,492,643.88
TGNN OF READING, MASSACHUSETTS
14,308,990.00
1,183,653.88
8.27%
MUNICIPAL LIGHT DEPARTMENT
10,508,323.00
(126,262.10)
-1.20%
BUSINESS -TYPE PROPRIETARY FUND
28,046,441.05
29,196,996.00
(11150,554.95)
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET
ASSETS
8,884,479.23
91116,663.00
4/30/16
(232,183.77)
-2.55%
2,574,403.44
ACTUAL BUOGET
(566,542.56)
%
3,287,326.50
YEAR TO DATE YEAR TO DATE
VARIANCE.
CHANGE
OPERATING REVENUES: (SCR F (7.118)
-0.96%
1,168,P73.00
1.180.000.00
EASE REVENUE
19,7D2,428.24 19,457,873.00
-0.93*
244,555.24
1.26%
FUEL REVENUE
28,674,058.52 29,946,996.00
(1,272,937.48)
-4.25%
PURCHASED POWER CAPACITY
26,212,015.49 24,817,313.00
1,394,702.49
5.62*
FORFEITED DISCOUNTS
673,916.85 583,738.00
90,178.85
15.45*
ENERGY CONSERVATION RENENOE
563,655.34 564,364.00
(708.66)
-0.13%
HYPA CREDIT
(989.753 571 (750.000
00)
(239.753
571
31.97%
TOTAL OPERATING REVENUES
74,836,320.87 74,620,284.00
216,036.87
0.29%
OPERATING EXPENSES: (SCH G P.12A)
PURCHASED POWER - CAPACITY
PURCHASED POWER - TRANSMISSION
PURCHASED POWER FUEL
OPERATING
MAINTENANCE
DEPRECIATION
VOLUNTARY PAYMENTS TO TOWNS
TOTAL OPERATING EXPENSES
OPERATING INCOME
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST
RETURN ON INVESTMENT TO READING
INTEREST INCON:
INTEREST EXPENSE
OTHER (MDSE AND AMORT)
TOTAL NONOPERATING NEV (EXP)
CHANGE IN NET ASSETS
NET ASSETS AT BEGINNING OF YEAR
NET ASSETS AT END OF APRIL
( ) = ACTUAL UNDER BUDGET
15,492,643.88
14,308,990.00
1,183,653.88
8.27%
10,382,060.90
10,508,323.00
(126,262.10)
-1.20%
28,046,441.05
29,196,996.00
(11150,554.95)
-3.94%
8,884,479.23
91116,663.00
(232,183.77)
-2.55%
2,574,403.44
3,140,946.00
(566,542.56)
-18.04%
3,287,326.50
56M(1,351.750.001
3,319,300.00
(31,973.50)
561
-0.96%
1,168,P73.00
1.180.000.00
(11.027
001
-0.93*
69,836,328.00 70,771,218.00 (934,890.00) -1.32*
4,999,992.87 3,649,066.00 1,150,926.87 29.90%
136,741.25
200,000.00
(63,258.75)
-31.63%
(1,975,370.82)
(11975,000.00)
(370.82)
0.02%
113,531.68
125,000.00
(11,468.32)
-9.17%
(2,791.82)
(1,750.00)
(1,041.82)
59.53%
353,988.15
300,000.00
53,988.15
18.00%
(1.373.901
56M(1,351.750.001
122.151
561
1.64%
3,626,091.31 2,497,316.00 1,128,775.31
101,445,083.23 101,445,083.23 0.00
105.071 174 54 103 9�y 39g p3 1.128.775.31
(3A
45.20%
0.00%
1.09%
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
RECONCILIATION OF CAPITAL FUNDS
4/30/16
SOURCE OF CAPITAL FUNDS:
DEPRECIATION FUND EALANCE 7/1/15 5,434,301.99
CONSTRUCTION FUND BALANCE 7/1/15 1,400,000.00
INTEREST ON DEPRECIATION FUND FY 16 22,808.59
DEPRECIATION TRANSFER FY 16 3,287.326.50
TOTAL SOURCE OF CAPITAL FUNDS 10,144,442.88
USE OF CAPITAL FUNDS:
LESS PAID ADDITIONS TO PLANT THRU APRIL
TOTAL USE OF CAPITAL FUNDS 5,509,072.O6
GENERAL LEDGER CAPITAL FUNDS BALANCE 4/30/16 4.635,370.82
PI
TOWN OF READING, HASSACHUSEWS
MUNICIPAL LIGHT DHPARTNENT
SAT -78 OF KILOWATT HOURS
4/30/16
(51
NONTH
MONTH
LAST YEAR
CURRENT YEAR
YTD %
SALES OF ELECTRICITY:
LAST YEAR
CURRENT YEAR
TO DATE
TO DATE
CHANGE
RESIDENTIAL SALES
18,513,082
18,849,086
218,005,216
213,565,867
-2.04%
COMH. AND INDUSTRIAL SALES
30,462,959
33,761,215
335,374,247
330,369,128
-1.49%
PRIVATE STREET LIGHTING
79,466
92,443
792,011
827,124
4.43%
TOTAL PRIVATE CONSUMERS
49.055.507
52.702.744
554.171.474
544.762.119
-1.70%
HUNICIPAL SALES:
STREET LIGHTING
236,614
214,472
2,416,288
2,268,688
-6.11%
MUNICIPAL BUILDINGS
794,339
814,926
8,226,783
7,799,773
-5.19%
TOTAL HDNICIPAL CONSUMERS
1.030.953
1.029.398
10.643.071
10.068.461
-5.404
SALES POR RESALE
237,244
195,754
2,821,413
2,638,208
-6.494
SCHOOL
1,375,007
1,355,198
12,984,566
12,249,323
-5.664
TOTAL KILOWATT HOURS SOLD
51.698.711
55.2E 3.094
580.620.524
569 118 111
-1.88%
(51
TOWN OF HEADING, HA93MMSBTT3
MUNICIPAL LIGHT DEPARTMENT
KILOWATT HOURS SOLD BY TOWN
4/30/16
TOTAL
BEADING
LYNNFIELD
NO.RBMING
WILMINGTON
MONTH
RESIDENTIAL
18,849,086
6,117,316
2,593,188
4,342,042
5,796,540
COM G IND
33,761,215
4,033,838
240,379
5,049,993
24,437,005
PVT ST LIGHTS
92,443
18,972
2,768
27,367
43,336
PGB ST LIGHTS
214,472
71,845
28,145
38,469
76,013
MONO BUGS
814,926
205,984
158,602
130,842
319,498
SALES/RESALE
195,754
195,754
0
0
0
SCHOOL
1,355,198
437,252
314,475
260,220
343,251
TOTAL
55,283,094
11.080.961
3.337.557
9.848.933
31 015.643
YEAR TO DATE
HESIDENTIAL
213,565,867
67,853,306
30,190,198
49,273,784
66,248,579
COMM f IND
330,369,128
40,729,793
2,621,408
51,432,003
235,585,924
PVT ST LIGHTS
827,124
147,172
19,632
254,114
406,206
POB ST LIGHTS
2,268,688
764,938
298,139
402,260
803,351
MONI BUGS
7,799,773
1,928,483
1,670,605
1,308,295
2,892,390
SALES/EESALE
2,638,208
2,638,208
0
0
0
SCHOOL
12,249,323
4,200,796
2,676,887
2,495,740
2,875,900
TOTAL
569,718,111
118.262,696
37.476.869
105.166.196
308.812 330
LAST YEAR
TO DATE
RESIDENTIAL
218,005,216
68,265,591
30,732,777
50,050,139
68,956,709
COMM I IND
335,374,247
42,114,597
2,648,567
51,573,813
239,037,270
PVT ST LIGHTS
792,011
133,864
15,139
248,130
394,878
PUB ST LIGHTS
2,416,288
811,885
326,745
423,825
853,833
MUNI BUGS
8,226,783
2,265,886
1,678,611
1,410,064
2,872,222
SALES/RESALE
2,821,413
2,821,413
0
0
0
SCHOOL
12,994,566
4,373,793
2,706,939
2,258,620
3,645,214
TOTAL
580.620.524
120.787,029
38,108.778
105.964.591
315,760.126
KIWMTT HOURS SOLD TO TOTAL
TOTAL
READING
LYNNPIELD
NO. READING
WILMINGTON
MONTH
RESIDENTIAL
34.10%
11.07E
4.69%
7.85%
10.49%
COMM A IND
61.07%
7.30%
0.43%
9.13%
44,21%
PVT ST LIGHTS
0.17%
0.03%
0.01%
0.05%
0.08%
POB ST LIGHTS
0.39%
0.13%
0.05%
0.07%
0.14%
Huai BUGS
1.47%
0.37%
0.29%
0.24%
0.57%
SALES/MBALE
0.35%
0.35%
0.00%
0.00%
0.00%
SCHOOL
2.45%
0.79%
0.57%
0.47%
0.62%
TOTAL
100.00%
20.00
6.04%
17.61%
56.11%
YEAR TO DATE
ESSIDENTIAL
37.49%
11.91%
5.30%
8.65%
11.63%
COMM 6 IND
57.99%
7.15%
0.46%
9.03%
41.35%
PVT ST LIGHTS
0.14%
0.03%
0.00%
0.04%
0.074
POB ST LIGHTS
0.40%
0.13%
0105%
0.07%
0.15%
MONO BUGS
1.37%
0.34%
0.29%
0.23%
0.51%
SALES/EESALB
0.46%
0.46%
0.00%
0.00%
0.00%
SCHOOL
2.15%
0.74%
0.47%
0.44%
0.50%
TOTAL
100.00%
20.76%
6.57%
18.46%
54.21%
LAST YEAR
TO DATE
RESIDENMAL
37.55%
11.76%
5.29%
8.62%
11.88%
COM G IND
57.76%
7.25%
0.46%
8.88%
41.17%
PVT ST LIGHTS
0.13%
0.021
0.00%
0.04%
0.07%
POB ST LIGHTS
0.42%
0.14%
0.06%
0.07%
0.15%
MOST BUGS
1.41%
0.39%
0.29%
0.24%
0.49%
SALES/RESALE
0.49%
0.49%
0.00%
0.00%
0.00%
SCHOOL
2.24%
0.75%
0.47%
0.39%
0.63%
TOTAL
100.00%
20.80%
6.57%
18.24%
54.39%
�8)
TOM OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTNMNT
FORMD.A INCOME
4/30/16
TOTAL OPERATING REVENUES
(P.3)
74,836,320.89
ADD:
POLE RENTAL
0.00
INTEREST INCOME ON
CUSTOMR DEPOSITS
4,481.30
LESS:
OPERATING EXPENSES
(P.3)
(69,836,328.00)
CUSTOMER DEPOSIT INTEREST EXPENSE
(2,791.82)
FORMICA INCOME (LOSS)
5.001,682.15
III
SALE OF SHE (P. 5)
RWH PURCHASED
AVE EASE COST PER EWH
AVE ME SALE PER SHE
AVE COST PER RWR
AVE SALE PER RWH
FUEL CHARGE REVENUE (P.3)
LOAD FACTOR
PEAR LOAD
TOW OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTHENT
GENERAL STATISTICS
4/30/16
MONTH OF
ARR 2015
51,698,711
52,225,977
0.027710
0.032493
0.056505
0.082019
2,560,445.08
77.00%
92.907
MONTH OF
%
CHANGE
YEAR
THRU
ARR 2016
2015
2016
AFS 2015
APR 2016
55,283,094
-0.64%
-1.88%
580,620,524
569,718,111
50,971,493
-2.81%
0.49%
587,427,044
590,299,523
0.028657
-38.93%
8.02%
0.024297
0.026245
0.033466
-53.16%
10.71%
0.031236
0.034583
0.064402 '
-17.82%
3.78%
0.071070
0.073758
0.083124
-29.00%
5.19%
0.080722
0.084913
2,745,250.33
5.27%
-0.20%
28,732,259.83
29,674,058.52
74.44%
93,804
(4)
TOWN OF READING, HASHACHUSETYS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF CASH AND INVESTMENTS
4/30/16
UNRESTRICTED CASH
CASH - OPERATING FUND
CASH - PETTY CASH
TOTAL UNRESTRICTED CASH
RESTRICTED CASH
CASH - DEPRECIATION HIND
CASH - TOWN PAYMENT
CASH - DEFERRED FUEL RESERVE
CASH - RATE STABILIZATION FUND
CASH - UNCOLLECTIBLE ACCTS RESERVE
CASH - SICK LEAVE BENEFITS
CASH - HAZARD WASTE RESERVE
CASH - CUSTOMER DEPOSITS
CASH - ENERGY CONSERVATION
TOTAL RESTRICTED CASH
INVESTMENTS
SICK LEAVE BUYBACK
TOTAL CASH BALANCE
SCHEDULE A
PREVIOUS YEAR CURRENT YEAR
10,496,39D.73
12,350,229.44
3,000.00
3,000.00
35.008.384
10.499,390.7312.353,]29.44
4,818,149.05
61
5,794,492.97
4,635,370.82
1,249,621.00
1,262,148.00
35.008.384
4,560,346.48
4,818,149.05
61
6,760,552.68
6,013,703.28
200,000.00
200,000.00
1,718,789.36
1,820,533.32
150,000.00
150,000.00
834,681.02
884,660.03
590,712.45
786,529.22
21.859.201.9621,371.093.72
1.292,906.261.284.061.45
33,651,498.95
35.008.384
61
I9I
TOWN OF READING, NASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF ACCOUNTS RECEIVABLE
4/30/16
SCHEDULE OF ACCOUNTS RECEIVABLE
RESIDENTIAL AND CC9P@.RCIAL
ACCOUNTS RECEIVABLE - OTHER
ACCOUNTS RECEIVABLE - LIENS
ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES
SALES DISCOUNT LIABILITY
RESERVE IVR UNCOLLECTIBLE ACCOUNTS
TOTAL ACCOUNTS RECEIVABLE BILLED
UNBILLED ACCOUNTS RECEIVABLE
TOTAL ACCOUNTS RECEIVABLE, NET
SCHEDULE OF PREPAYMENTS
PREPAID INSURANCE
PREPAYNENT PURCHASED POWER
PREPAYI6NT PASNY
PREPAYMENT i TSON
PURCRASED POWER WORKING CAPITAL
OTHER DEFERRED DEBITS
ACCOUNTS RECEIVABLE AGING APRIL 2016:
RESIDENTIAL AND CC-0P4:RCIAL
LESS: SALES DISCOUNT LIABILITY
GENERAL LEDGER BALANCE
CURRENT
30 DAYS
60 DAYS
90 DAYS
OVER 90 DAYS
TOTAL
SCHEDULE B
PREVIOUS YEAR
CURRENT YEAR
1,889,]]9.38
956,689.10
4,4]5,993.]0
(462,940.53)
]5,982.5]
259,957.39
]]9,928.72
30],5]2.50
32,634.64
325,597.07
19,398.28
325,646.83
892.14
12,700.11
543.53
14,870.06
(183,221.21)
2.322,]47.87
(184,552.38)
1,036.936.50
(299.529.83)
(249.823
99)
1,516,531.64
4,841,487.86
5,622,269.28 5,166,349.95
].138.806.92 10,00].837.81
767,804.20
851,787.64
956,689.10
(462,940.53)
259,957.39
30],5]2.50
325,597.07
325,646.83
12,700.11
14,870.06
2.322,]47.87
1,036.936.50
0.00 1.54] 815.510-
ACCOUNTS
15 00
4,475,993.10
(184.552.38)
4.291.441.32
3,833,164.81
89.32%
308,086.76
7.18%
78,786.11
1.64%
27,091.29
0.63%
44.312.35
1.03%
4.291.441.32
100.00%
TOWN OF READING, lASSMHUSETTS
MUNICIPAL LIGHT DEPARTM M
SCHEDULE OF OPERATING REVENUE
4/30/16
SCHEDULE D
SUB -TOTAL
MONTH
MONTH
LAST YEAR
CURRENT YEAR
YTD %
SALES OF ELECTRICITY:
LAST YEAR
CURRENT YEAR
TO DATE
TO DATE
CHANGE
RESIDENTIAL SALES
1,766,945.50
1,881,890.48
20,663,620.02
2,048,101.57
21,239,120.92
3,106,976.70
2.79%
24,716,029.69
COME AND INDUSTRIAL s=s
2,247,485.22
2,488,928.81
24,043,418.92
18,521.91
24,997,097.52
18,863.27
3.97%
218,151.17
PRIVATE STREET LIGHTING
9,511.88
10,876.26
94,309.08
32,059.17
103,16].]3
35,345.89
9.39%
350,027.74
TOTAL PRIVATE CONSUMERS
4,023.942.60
4.351.695.55
44.801,348.02
(100,873.74)
46.339.386.17
(129,300.16)
3.43%
(828,531.50)
(969,753.57)
19.46%
TOTAL REVENVe
6.302,113.03
MUNICIPAL SALES:
]2,035.164.45
74 83,320.87
3.89%
STREET LIGHTING
29,116.94
24,722.86
203,161.54
177,266.11
-12.75%
MUNICIPAL BUILDINGS
63,853.66
65,865.03
646,040.05
644,01].]3
-0.31%
TOTAL MUNICIPAL CONSUMERS
92,970.60
90.587.89
849.201.59
821.283
84
-3.29%
SALES MR RESALE
20,136.22
17,304.74
239,621.44
231,044.57
-3.58%
SCHOOL
1D3,218.73
105,762.23
978,623.37
984,]]2.18
0.63%
SUB -TOTAL
4,240,268.15
4,595,350.41
46,868,794.42
48,376,486.76
3.22%
FORFEITED DISCOURTS
64,035.97
36,148.77
710,692.93
673,916.85
-5.17%
PURCHASED POWER CAPACITY
2,048,101.57
3,106,976.70
24,716,029.69
26,212,015.49
6.05%
ENERGY CONSERVATION - RESIDENTIAL
18,521.91
18,863.27
218,151.17
213,694.23
-2.04%
ENERGY CONSERVATION - COMIERCIAL
32,059.17
35,345.89
350,027.74
349,961.11
-0.02%
NYPA CREDIT
(100,873.74)
(129,300.16)
(828,531.50)
(969,753.57)
19.46%
TOTAL REVENVe
6.302,113.03
1.663,384.88
]2,035.164.45
74 83,320.87
3.89%
TOWN OF PE=ING, NASSACHUSETTS
MUNICIPAL LIGHT DEPMTHENT
SCHEDULE OF OPERATING MVENOE BY TOWN
4/30/16
RESIDENTIAL
INDUS/M KI BLDG
TOTAL
READING
LYNNPIELD
NO.READING
WILMINGTON
MONTH
POB.sT.LIGHTS
203,161.54
68,241.60
27,471.06
35,641.20
RESIDENTIAL
1,881,890.48
FRV.ST.LIGHTS
614,706.99
256,993.80
432,041.11
578,148.58
INDUS/MUNI BUG
2,554,793.84
CO-OP RESALE
35D,077.19
35,253.83
400,600.29
1,768,862.53
POB. ST.LIGHTS
24,722.86
SCHOOL
8,261.40
3,236.38
4,453.92
8,]]1.16
PRV.ST.LIGHTS
10,876.26
TOTAL
1,946.56
269.93
3,436.73
5,223.04
CO-OP RESALE
1],304.]4
1],304.]4
0.00
0.00
0,00
SCHOOL
105,762.23
PERCENTAGE OF OPERATING
34,]]5.99
23,250.29
21,870.95
25,865.00
TOTAL
4.595.350.41
TOTAL
1,02].0]2.8]
LYMFIEU
319,004.23
WILMINGTON
862.403.00
2.386.0]0.31
RESIDENTIAL
40.95%
THIS YEAR TO DATE
5.59%
9.40%
12.58%
INDUS/MUNI BLDG
55.60%
RESIDENTIAL
21,239,120.92
0.77%
6,791,852.03
8.72%
2,977,997.64
38.49%
4,88],20].86
POR. ST.LIGHTS
6,582,062.59
INDUS/MUNI BLDG
25,641,115.25
0.07%
3,543,298.31
0.10%
372,954.84
0.19%
4,104,685.59
PRV.ST.LIGHTS
1],620,1]6.51
POB.ST.LIGHTS
1]],266.11
0.01%
59,916.66
0.07%
22,931.24
0.11%
31,656.41
CO-OP RESALE
62,561.00
PRV.ST,LIGHTS
103,16].]3
0.00%
17,320.02
0.00%
2,234.78
0.00%
33,380.63
SCHOOL
50,232.30
CO-OP RESALE
231,044.57
0.51%
231,044.57
0.48%
0.00
0.55%
0.00
TOTAL
0.00
SCHOOL
904,]]2.18
6.95%
339,523.54
10.7]4
207,426.08
51.92%
212,511.29
THIS YEAR TO DATE
225,311.27
TOTAL
48.3]6.486.]6
10.982.955.93
3.583.544.56
9.269,641.]9
RESIDENTIAL
2d 54-=�'344'4B3g4,48
14.04%
6.16%
10.10%
13.60%
INDUS/MUNI BUG
53.00%
LAST YEM TO DATE
7.32%
0.]]1
8.48%
36.43%
POB.ST.LIGHTS
0.37%
RESIDENTIAL
INDUS/M KI BLDG
20,663,620.02
24,689,450.97
6,501,321.39
3,528,758.60
2,895,916.63
352,509.]]
4,]34,01].82
3,994,079.46
6,532,364.10
16,814,111.14
POB.sT.LIGHTS
203,161.54
68,241.60
27,471.06
35,641.20
71,007.60
FRV.ST.LIGHTS
94,309.08
15,632.49
1,033.49
30,629.95
46,213.15
CO-OP RESALE
239,621.44
239,621.44
0.00
0.00
0.00
SCHOOL
978,623.37
332,977.64
201,132.83
172,779.76
2]1,]33.14
TOTAL
46.Bfi 0,794.42
10.fi86.553.24
3.418.863.18
0,96].148.19
23.]36.229
21
PERCENTAGE OF OPERATING
INCOHBS TO TOTAL
TOTAL
READING
LYMFIEU
NO.RIMING
WILMINGTON
MONTH
RESIDENTIAL
40.95%
13.384
5.59%
9.40%
12.58%
INDUS/MUNI BLDG
55.60%
7.62%
0.77%
8.72%
38.49%
POR. ST.LIGHTS
0.54%
0.18%
0.07%
0.10%
0.19%
PRV.ST.LIGHTS
0.23%
0.04%
0.01%
0.07%
0.11%
CO-OP RESALE
0.38%
0.391
0.00%
0.00%
0.00%
SCHOOL
2.30%
0.76%
0.51%
0.48%
0.55%
TOTAL
100.00%
22.360
6.95%
10.7]4
51.92%
THIS YEAR TO DATE
RESIDENTIAL
43.90%
14.04%
6.16%
10.10%
13.60%
INDUS/MUNI BUG
53.00%
7.32%
0.]]1
8.48%
36.43%
POB.ST.LIGHTS
0.37%
0.12%
0.05%
0.07%
0.13%
PRV.3T.LIGHTS
0.21%
0.04%
0.00%
0.07%
0.10%
CO-OP RESALE
0.48%
0.40%
0.00%
0.00%
0.00%
SCHOOL
2.04%
0.70%
0.43%
0.44%
0.47%
TOTAL
100.00%
22.70%
7.41%
19.16%
50.73%
LAST YEAR TO DATE
RESIDENTIAL
44.09%
13.87%
6.18%
10.10%
13.94%
INDUS/MMI BUG
52.68%
7.53%
0.75%
8.52%
35.08%
PUB. ST.LIGHTS
0.43%
0.15%
0.06%
0.00%
0.14%
PRV.ST.LIGHTS
0.20%
0.03%
0.004
0.07%
0.10%
Co -OP MEALS
0.51%
0.51%
0.00%
0.00%
0.00%
SCHOOL
2.09%
0.71%
0.43%
0.37%
0.58%
TOTAL
100.00%
22.80%
7.42%
19.14%
50.64%
SALES OF ELECTRICITY:
RESIDENTIAL
CONN AND INDUSTRIAL SALES
PRIVATE STREET LIGHTING
MUNICIPAL BUILDINGS
PUBLIC STREET LIGHTING
SALES FOR RESALE
SCHOOL
TOTAL BASE SALES
TOTAL FUEL SALES
TOTAL OPERATING REVENUE
FORFEITED DISCOUNTS
PURCHASED POWER CAPACITY
ENERGY CONSERVATION - RESIDENTIAL
ENERGY CONSERVATION - CIX RCIAL
NYPA CREDIT
TOTAL OPERATING REVENUES
( ) - ACTUAL UNDER BUDGET
TOWN OF READING, MASSACHUSETTS
NUNICIPAL LIGHT DEPARTMENT
BUDGETED REVENUE VARIANCE REPORT
4/30/16
SCHEDULE F
ACTUAL
BUDGET
%
YEAR TO DATE
YEAR TO DATE
VARIANCE •
CHANGE
10,558,611.64
10,473,520.00
85,091.64
0.81%
8,600,017.35
8,199,320.00
400,697.35
4.894
74,081.72
315,793.00
(241,711.28)
-76.54%
100,083.50
113,099.00
(13,015.50)
-11.51%
369.634.03
356.141.00
13.493.03
3.794
19,702,428.24
19,457,873.00
244,555.24
1.26%
28.674.058.52
29,946.996.00
(1.272.937.48)
-4.25%
48,376,486.76
49,404,869.00
(1,028,382.24)
-2.08%
673,916.85
583,738.00
90,178.95
15.45%
26,212,015.49
24,817,313.00
1,394,702.49
5.62%
213,694.23
214,653.00
(958.77)
-0.45%
349,961.11
349,711.00
250.11
0.07%
(989,753.57)
(750,000.00)
(239,753.57)
31.97%
0.29%
74.836.320.87
74.620.284.00
216.036.87
(11B)
OPERATION EXPENSES:
PURCHASED POWER CAPACITY
PURCHASED POWER TRANSMISSION
TOTAL PURCHASED POWER
OPERATION SUP AND ENGINEERING EXP
STATION SUP LABOR AND MISC
LINE MISC LABOR AND EXPENSE
STATION LABOR AND EXPENSE
STREET LIGHTING EXPENSE
HETER EXPENSE
HIBC DISTRIBUTION EXPENSE
METER HEADING LABOR 6 EXPENSE
ACCT 4 COLL LABOR 4 EXPENSE
UNCOLLECTIBLE ACCOUNTS
ENERGY AUDIT EXPENSE
ADMIN L GEN SALARIES
OFFICE SUPPLIES L EXPENSE
OUTSIDE SERVICES
PROPERTY INSURANCE
INJURIES AND DAMAGES
ENPLOYEES PENSIONS I BENEFITS
MISC GENERAL EXPENSE
SENT EXPENSE
ENERGY CONSERVATION
TOTAL OPERATION EXPENSES
IAINTBNANCE EXPENSES:
6AINT OF TRANSMISSION PLANT
NAINT OF BTRUCT AND EWIPHT
HAINT OF LINES - ON
TAINT OF LINEN - UG
6AINT OF LINE TRANSFOWLRS
MAINT OF 8T IT 6 SIG SYSTEM
6AINT OF GARAGE AND STOCXROO4
6AINT OF METERS
6AINT OF GEN PLANT
TOTAL MAINTENANCE EXPENSES
DEPRECIATION EXPENSE
PURCHASED POWER FUEL EXPENSE
VOLUNTARY PAYMENTS TO TOWNS
TOTAL OPERATING EXPENSES
TONN OF READING, HAS SA(HUSETTS
MUNICIPAL LIGHT DEPAXANXNT
SCHEDULE OF OPERATING EXPENSES
4/30/16
SCHEDULE E
NONTH
HONTH
LAST YEAR
CURH&IT YEAR
YTD %
LAST YEAR
CURRENT YEAR
TO DATE
12,528.86
TO DATE
137,138.10
CHANCE
1,447,202.16
1,460,665.08
14,272,579.39
15,492,643.88
8.559
925,830.93
660,574.42
834,561.05
-2.61%
10,087,487.00
47,659.30
10,382,060.90
26,020.84
2.92%
2.373.040.09
2.295.226.1324.
360.Ofifi.39
25.874.704
78
6.22%
47,519.21
5,262.58
444,539.59
424,697.83
-4.46%
16,961.11
12,528.86
137,138.10
129,019.25
-5.92%
47,085.20
126,730.17
670,249.83
660,574.42
00
-2.61%
47,659.30
26,020.84
436,407.31
335,639.13
-23.09%
7,946.02
7,488.13
76,954.88
94,890.28
23.31%
18,488.45
18,417.36
167,801.59
107,820.97
11.89%
38,474.32
34,103.41
376,953.89
375,551.03
-0.37%
495.38
476.90
13,039.39
17,945.26
37.62%
147,784.66
115,444.62
1,485,233.67
1,369,012.11
-7.83%
10,000.00
10,000.00
100,000.00
100,000.00
44
0.00%
38,296.05
44,270.14
343,206.23
414,243.37
20.70%
77,420.59
69,755.90
676,640.15
746,240.24
10.29%
35,491.73
32,339.45
267,484.64
289,075.67
8.07%
118,487.41
25,861.23
416,465.03
326,275.91
-21.66%
31,242.39
27,632.72
303,980.09
300,946.87
-1.00%
3,717.42
3,627.56
37,283.64
40,056.56
7.44%
219,201.50
244,940.41
2,452,338.91
2,329,377.54
-5.01%
7,690.10
9,506.31
119,510.56
110,852.56
-7.25%
17,106.52
15,667.25
145,621.74
145,520.15
-0.07%
44,660.08
60,998.03
434,727.46
406,732.08
11.96%
975.728.44
891.071
87
9,113.672
90
8,884 479
-23-2
51%
227.08
227.08
2,270.82
2,270.82
0.00%
25,674.59
44,708.17
426,011.70
345,118.19
-16.99%
124,006.62
122,702.32
1,436,539.47
1,407,211.18
00
-2.04%
5,001.94
11,596.66
134,669.39
100,816.57
-25.14%
1,301.38
4,227.36
62,622.70
93,123.68
46.71%
(44.63)
(46.31)
(193.88)
(549.44)
103.39%
32,727.86
40,607.39
493,687.89
469,272.30
-4.95%.
0.00
0.00
0.00
33.34
0.00%
12,126.12
55,450.33
175,603.31
157,104.60
-10.64%
201,021.16
279.471.04
2,731.411.40
2.574.403
44
-5.75%
321,786.79 328,732.65 3,217,887.90 3,287,326.50
1,503,848.55 1,821,988.77 27,476,076.81 28,046,441.05
2.16%
2.08%
118,000.00
1161000.00
1,170,754.00
1,168,973.00
-0.15%
2.601
5.493.427.03
5.134.490.46
68,069,869.40
69 .836 326
00
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
4/30/16
SCHEDULE G
MAINTENANCE EXPENSES
MAINT OF TRANSMESION PLANT
ACTUAL
BUDGET
(229.19)
-9.17%
%
OPERATION EXPENSES:
YEAR TO DATE
YEAR TO DATE
VARIANCE •
CHANGE
PURCRASED POWER CAPACITY
15,492,643.88
7.91%
14,308,990.00
PAINT OF LINES - ON
1,183,653.88
8.27%
PURCHASED POWER TRANSMSSION
10,382,060.90
-14.10%
10,508,323.00
MINT OF LINES - UG
(126,262.10)
-1.20%
TOTAL PURCHASED POWER
25.8)4.]04.'18
-14.69%
24,61].313.00
PAINT OF LINE TRANSFORMER
1.057,391.70
4.26%
(206,576.12)
-66.969
OPERATION SUP AND ENGINEERING HIP
424,697.83
528,157.00
(103,459.17)
-19.59%
STATION SUP LABOR AND MSC
129,019.25
69,934.00
59,085.25
84.49%
LINE MISC LABOR AND EXPENSE
660,574.42
566,361.00
94,213.42
16.63%
STATION LABOR AND EXPENSE
335,639.13
372,958.00
(37,318.87)
-10.011
STREET LIGHTING EXPENSE
94,890.28
77,756.00
17,134.28
22.04%
!BIER EXPENSE
187,820.97
191,297.00
DEPRECIATION EXPENSE
(3,476.03)
-1.82%
MISC DISTRIBUTION EXPENSE
375,551.D3
-0.96%
380,740.00
PURCHASED POWER FUEL EXPENSE
(5,188.97)
-1.36%
METER READING LABOR 6 EXPENSE
17,945.26
-3.94%
27,229.00
VOLUNTARY PAYMENTS TO TONNE
(9,283.74)
-34.10%
ACCT 4 CO" LABOR S EXPENSE
1,369,012.11
-0.93%
1,412,905.00
TOTAL OPERATING EXPENSES
(43,892.89)
-3.11%
UNCOLLECTIBLE ACCOUNTS
100,000.D0
-1.32%
100,000.00
69.836,328.00
0.00
(934,890.00)
0.00%
ENERGY AUDIT EXPENSE
414,243.37
402,536.00
11,707.37
2.91%
ADMN 6 GEN SALARIES
746,248.24
694,113.00
52,135.24
7.51%
OFFICE SUPPLIES 6 EXPENSE
289,075.67
251,000.00
38,075.67
15.17%
OUTSIDE SERVICES
326,275.91
330,796.00
(4,520.09)
-1.37%
PROPERTY INSURANCE
300,946.87
388,500.00
(87,553.13)
-22.54%
INJURIES AND DAMAGES
40,056.56
42,810.00
(2,753.44)
-6.43%
INPLOYEES PENSIONS 6 BENEFITS
2,329,377.54
2,208,080.00
121,297.54
5.49%
MISC GENERAL EXPENSE
110,852.56
215,335.OD
(104,485.44)
-48.52%
ARM EXPENSE
145,520.15
176,670.00
(31,149.85)
-17.63%
ENERGY CONSERVATION
486,732.08
679,483.00
(192,750.92)
-28.37%
TOTAL OPERATION EXPENSES
8.084.479.23
9.116.663.00
(232.183.77)
-2.55%
MAINTENANCE EXPENSES
MAINT OF TRANSMESION PLANT
2,270.82
2,500.00
(229.19)
-9.17%
HAINT OF STRUCT AND EQUIPHENT
345,118.19
319,812.00
25,306.19
7.91%
PAINT OF LINES - ON
1,407,211.18
1,638,181.00
(230,969.82)
-14.10%
MINT OF LINES - UG
100,818.57
118,175.00
(17,356.43)
-14.69%
PAINT OF LINE TRANSFORMER
93,123.88
300,000.00
(206,576.12)
-66.969
NAINT OF ST LT 6 SIC SYSTEM
(549.44)
8,385.00
(8,934.44)
-106.55%
PAINT OF GARAGE AND STOCAEOON
469,272.30
565,637.00
(96,364.70)
-17.04%
PAINT OF HETERS
33.34
39,756.00
(39,722.66)
-99.92%
NAINT OF GEN PLANT
157,104.60
148,500.00
8,604.60
5.79%
TOTAL MAINTENANCE EXPENSES
2.574.403.44
3.140.946.00
(566.542.56)
-18.04%
DEPRECIATION EXPENSE
3,287,326.50
3,319,300.00
(31,973.50)
-0.96%
PURCHASED POWER FUEL EXPENSE
28,046,441.05
29,196,996.00
(111501554.95)
-3.94%
VOLUNTARY PAYMENTS TO TONNE
1,168,973.00
111801000.00
(11,027.00)
-0.93%
TOTAL OPERATING EXPENSES
-1.32%
69.836,328.00
]0.7]1.218.00
(934,890.00)
( ) - ACTUAL UNDER BUDGET
(13A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
4/30/16
128)
RESPONSIBLE
REMAINING
OPERATION EXPENSES:
SENIOR
MANAGER
2016
ANNUAL BUDGET
ACTUAL
YEAR TO DATE
BUDGET
BALANCE
REMAINING
BUDGET
%
PURCHASED PCWER CAPACITY
JP
1],095,]65.00
15,492,643.85
1,603,141.12
9.384
PURCHASED POWER TRANSMISSION
JP
12,600,639.00
10,382,060.90
2,218,578.10
17.614
TOTAL PURCHASED POWER
29.696 42400
25.8]4.]04.'!8
3.821.'119.22
12.87%
OPERATION SUP AND ENGINEERING EXP
HJ
629,691.00
424,697.83
204,993.17
32.55%
STATION SUP LABOR AND MISC
HJ
54,858.00
129,019.25
(44,161.25)
-52.046
LINE HISC LABOR AND EXPENSE
NJ
666,641.00
660,574.42
6,066.58
0.91%
STATION LABOR AND EXPENSE
HJ
448,341.00
335,639.13
112,707.87
25.14%
STREET LIGHTING EXPENSE
NJ
93,347.00
94,890.28
(1,543.28)
-1.65%
NBTER EXPENSE
HJ
233,648.00
187,620.97
45,827.03
19.61%
HISC DISTRIBUTION EXPENSE
NJ
457,068.00
375,551.03
811516.97
17.83%
HETER READING LABOR I EXPENSE
NJ
32,578.00
17,945.26
14,632.74
44.92%
ACCT 6 COLL LABOR I EXPENSE
RP
1,693,219.00
1,369,012.11
324,206.89
19.15%
UNCOLLECTIBLE ACCOUNTS
JP
120,000.00
100,000.00
20,000.00
16.67%
ENERGY AUDIT EXPENSE
JP
482,273.00
414,243.37
68,029.63
14.11%
AIB2N L GEN SALARIES
CO
838,461.00
746,248.24
92,212.76
11.00%
OFFICE SUPPLIES I EXPENSE
CO
301,000.00
289,075.67
11,924.33
3.96%
OUTSIDE SERVICES
CO
377,332.00
326,215.91
51,056.09
13.53%
PROPERTY INSURANCE
HJ
466,200.00
300,946.87
165,253.13
35.45%
INJURIES AND DAMAGES
HJ
51,254.00
40,056.56
11,197.44
21.X5%
ENFLOYEES PENSIONS 6 BENEFITS
NJ
2,633,591.00
2,329,377.54
304,213.46
11.554
HISC GENERAL EXPENSE
CO
231,022.00
110,852.56
120,169.44
52.02%
RENT EXPENSE
NJ
212,000.00
145,520.15
66,479.85
31.36%
ENERGY CONSERVATION
JP
816,602.00
486,732.08
329,669.92
40.40%
TOTAL OPERATION EXPENSES
_70,869,192
008.554.419.23
1.984.652
77
15.26%
MAINTENANCE EXPENSES:
NAINT OF TRANSMISSION PLANT
NJ
3,000.00
2,270.82
729.18
24.31%
WANTT OF STRUCT AND EQUIPHT
HJ
484,026.00
345,118.19
138,907.81
28.70%
HAINT OF LINES - ON
NJ
1,675,794.00
1,407,211.18
268,582.82
16.03%
HAINT OF LINES - UG
HJ
130,694.00
100,818.57
29,875.43
22.86%
NAINT OF LINE TAANSI'OAMER9
NJ
156,000.00
93,123.88
62,876.12
40.31%
HAINT OF ST LT 6 SIG SYSTEM
HJ
9,745.00
(549.44)
10,294.44
105.64%
HAINT OF GARAGE AND SSOCHROOH
NJ
660,131.00
469,272.30
190,858.70
28.91%
HAIM OF !ETERS
NJ
43,875.00
33.34
43,841.66
99.92%
HAINT OF GEN PLANT
AF
178,200.00
157,104.60
21,095.40
11.84%
TOTAL MAINTENANCE EXPENSES
3.341.465.00
2,574,403.44
767.061.56
22.96%
DEPRECIATION EXPENSE
RF
3,983,145.00
3,287,326.50
695,818.50
17.47%
PURCHASED POWER FUEL EXPENSE
JP
34,326,329.00
28,046,441.05
6,219,587.95
18.29%
VOLUNTARY PAYMENTS TO TOWNS
HE
1,416,000.00
1,165,973.00
247,027.00
17.45%
TOTAL OPERATING EXPENSES
16.506
53.632.495
00
fig, 836.328.00
13 796.167.00
128)
TONS OF MMINO. NASSACEVSETTS
NUNICIDAL LIGHT DEPASING NT
PROFESSIONAL SERVICES
04/30/2016
PROFESSIONAL SERVICES BY PROJECT
ITEM
DEPARTMENT
ACTUAL
BUDGET
ACTUAL
VARIANCE
1 WED AM PENSION TRUST AUDIT FEES
ACCOUNTING
28,895.25
47,600.64
35,000.00
CHOATE HALL 6 STBHART
(6,104.75)
2 LEGALbTM/ISO/PONER/OTHER
INTEGRATED RESOURCES
88,679.25
UTILITY SERVICE INC.
115,250.00
(26,570.75)
138,277.06
3 HBRC COMITANCE AND AUDIT
E 6 0
26,885.85
13,250.00
32.252.00
13,635.65
MARITSA SCOBBO L RODOPHELE, PC
4 LEGAL- SOLAR/FIBER
ENGINEERING
32,252.00
16,612.50
8,330.00
TOTAL
23,922.00
5 LEGAL-G6N8AAL
GM
90,844.12
62,500,00
28,344.12
6 LEGAL SERVICES
ER
37,600.25
65,636,00
(28,035.75)
SURVEY RIGHT OF NAY/ ENVIROIORNTAL
BLDG. MAINT.
0.00
8,330.00
(8,330.00)
8 INSURANCE CONSULTANT/OTBER
GEN. BENEFIT
21,119.19
22,500.00
(1,380.81)
TOTAL
326,275.91
330.726.00
14.520.09)
PROFESSIONAL SERVICES BY VENDOR
ACTUAL
MELMSON REATH
28,500.00
DUNCAN AND ALLEN
47,600.64
CHOATE HALL 6 STBHART
589.60
COTTE NRNAGENENT CONSULTING LLC
633.75
UTILITY SERVICE INC.
14,110.00
ROBIN AND RUDNM
138,277.06
SWJtCEYNSBY 4 CONN, PC
28,696.25
PLN ELECTRIC POKER ENGINEERING
32.252.00
MARITSA SCOBBO L RODOPHELE, PC
18,926.91
FLEET COUNSELOR SERVICES INC.
16,612.50
TOTAL
326,275,91
(13)
RNLD
DEFERRED MEL CASE RESERVE ANALYSIS
4/30/16
(14)
GROSS
NONTHLY
TOTAL
DATE
CHARGES
REVENUES
NYFA CREDIT
DEFERRED
DEFERRED
Jun -15
5,180,285.15
Jul -15
3,492,949.80
3,083,024.15
(65,798.90)
(475,724.55)
4,704,560.60
Aug -15
3,269,589.09
3,172,916.67
(70,099.15)
(166,771.57)
4,537,789.03
S.p-15
3,302,139.93
3,385,022.47
(100,901.03)
(18,018.49)
4,519,770.54
Oct -15
2,543,916.53
2,607,127.52
(105,545.52)
(42,334.53)
4,477,436.01
Nov -15
2,489,548.12
2,551,186.05
(87,425.40)
(25,787.47)
4,451,648.54
D.c-15
2,757,146.26
2,826,699.78
(91,032.01)
(21,478.49)
4,430,170.05
Jan -16
3,163,761.69
2,656,333.87
(108,747.38)
(616,175.20)
3,813,994.85
Fob -16
3,056,024.39
2,978,402.24
(115,171.18)
(192,793.33)
3,621,201.52
N.r-16
2,149,376.47
2,668,095.44
(115,732.84)
402,986.13
4,024,187.65
Apr -16
1,821,988.77
2,745,250.33
(129,300.16)
793,961.40
4,818,149.05
(14)
R DO
BUDGET / ACTUAL CO!@AAISON 50441ARY SCHEDULE
4/30/16
DIVISION
0
(16)
ACTUAL
BUDGET
VARIANCE
VAR %
BUSINESS DIVISION
8,397,676
8,437,481
(39,805)
-0.47%
INTEGRATED RESOURCES
989,655
1,197,271
(207,616)
-17.34%
ENGINEERING AND OPERATIONS
4,051,118
4,471,039
(419,821)
-9.39%
FACILITY
3,824,217
3,925,618
(101,402)
-2.58%
GENERAL MANAGER
630.680
702.249
(71.569)
-10.19%
SUB -TOTAL
17,893,345
18,733,658
(840,313)
-4.49%
PURCHASED POKER BASE
25,874,705
24,817,313
1,057,392
4.26%
PURCHASED POKER FUEL
28,046,441
29,196,996
(1,150,555)
-3.90
TOTAL
71,814,491
72.747.96]
(933.476)
-1.28%
0
(16)
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Jeanne Foti
From: Jeanne Foti
Sent: Thursday, June 23, 2016 9:16 AM
To: RMLD Board Members Group
Subject Account Payable and Payroll Questions
Good morning.
In an effort to save paper, the following timeframes had no Account Payable and Payroll questions.
Account Payable Warrant — No Questions
May 6, May 13, May 20, May 27, June 3, June 30 and June 17.
Payroll — No Questions
May 16 and May 31 (Monday, May 30 was a holiday) and June 13.
This e-mail will be printed for the Board Packet for the RMLD Board meeting on lune 30, 2016.
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.