HomeMy WebLinkAbout2011-01-26 RMLD Board of Commissioners Minutes Reading Municipal Light Board of-Commissioners
Regular Session
230 Ash Street
Reading,MA 01867
January 26,2011
Start Time of Regular Session: 7:32 p.m.
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End Time of Regular Session: 9:00 L
Attendees:
Commissioners:
Mary Ellen O'Neill,Chairman Richard Hahn,Vice Chair
Philip B.Pacino,Secretary Gina Snyder,Commissioner
Robert Soli,Commissioner
Staff:
Vinnie Cameron,General Manager Beth Ellen Antonio,Human Resources Manager
Jeanne Foti,Executive Assistant Robert Fournier,Accounting/Business Manager
Jane Parenteau,Energy Services Manager Kevin Sullivan,E&O Manager
Citizens'Advisory Board
Arthur Carakatsane,Chair
Chairman O'Neill called the meeting to order and stated that the meeting of the Reading Municipal Light Department
(RMLD) Board of Commissioners is being broadcast live at the RMLD's office at 230 Ash Street, Reading, MA. Live
broadcasts are available only in Reading due to technology constraints. The meeting was video taped for distribution to the
community television stations in North Reading,Wilmington and Lynnfield.
Opening Remarks/Approval of Meeting Agenda
Chairman O'Neill thanked everyone for their efforts where this is the second meeting of the month. Chairman O'Neill asked
the Board members present if there were suggested changes or additions to the agenda. There were none. Ms. Snyder said
that she would like the opportunity to mention an event coming up this Saturday at this meeting. Chairman O'Neill stated
that she would put that on under General Discussion.
Introductions
Chairman O'Neill introduced Citizens'Advisory Board Chair,Arthur Carakatsane.
Approval of January 5,2011 Board Minutes
Mr. Pacino made a motion seconded by Mr. Hahn to approve the Regular Session meeting minutes of January 5, 2011 as
presented.
Motion carried 5:0:0.
Chairman O'Neill stated that based on Mr. Soli's comment from the last meeting, she would like to see reflected in the
minutes the nays and abstentions listed by names for all formal motions. In terms of public transparency even if a vote does
not pass all the names should be listed.
Report from RMLD Board Committees(Attachment 1)
Power&Rate Committee—Vice Chair Hahn
Mr. Hahn reported that the Power&Rate Committee met jointly with the Citizens' Advisory Board on January 19, 2011 in
which they met in both Regular and Executive Session on a couple of items that involved power supply contracts. The first
power contract was Concord Power and Steam which is a wood burning cogeneration facility in New Hampshire from which
the RMLD would like to purchase a portion of the output. The second power supply contract was Swift River Trading
Company, LLC which consists of four run of the river hydroelectric sites. The RMLD intends to buy the output of four
facilities. Mr. Hahn commented that various aspects of this power supply contract were discussed in executive session. Mr.
Hahn pointed out that at the meeting the Committee voted 3:0:0 to approve the Concord Power and Steam contract and 3:0:0
to approve the Swift River contract.
Mr. Hahn advised the Board on a last minute development related to the Swift River contract. Mr. Hahn said that the votes
the Committee took at the meeting were to authorize the General Manager to finalize negotiations under the terms and
conditions presented to the Committee. Before the General Manager signs the contract this matter needs to be cleared up and
a resolution achieved such that Swift River provide what was contracted for. Mr.Hahn's suggestion is that the RMLD Board
go forward with both power contracts and authorize the General Manager to finalize negotiations.
Kegular Session Meeting Minutes z
January 26,2011
Report from RMLD Board Committees(Attachment 1)
Power&Rate Committee—Vice Chair Hahn
Mr. Hahn said that we will ask that legal counsel seek confirmation in whatever form is required ensuring Swift River has
freed itself from any past commitments or encumbrances.
Mr. Carakatsane commented that the vote of the Citizens' Advisory Board for the Concord Power and Steam,LLC and Swift
River Trading Company,LLC was to recommend these contracts unanimously to the Board.
Discussion followed.
Mr. Hahn made a motion seconded by Ms. Snyder that the Reading Municipal Light Department Board of Commissioners
authorize the General Manager of the Reading Municipal Light Department to finalize negotiations and execute a contract
with Concord Power and Steam, LLC in accordance with the term sheet that was approved at the Power&Rate Committee
meeting on January 19,2011.
Motion carried 5:0:0.
Discussion followed.
Mr. Hahn made a motion seconded by Ms. Snyder that the RMLD Board of Commissioners authorize the General Manager
of the Reading Municipal Light Department to finalize negotiations and execute a contract with Swift River Trading
Company, LLC in accordance with the term sheet discussed at the Power&Rate Committee meeting on January 19, 2011.
The General Manager will not sign the deal until legal counsel seeks confirmation in whatever form required ensuring Swift
River Trading Company,LLC has freed itself from any past commitments or encumbrances.
Motion carried 5:0:0.
Chairman O'Neill reported that for the Addendum to the Cost of Service Study there will be a motion, report from the
Citizens' Advisory Board, and a ten minute presentation from Mr. Soli given in advance to the Board, followed by
discussion.
Mr. Hahn reported that the third item the Power&Rate Committee took up was an Addendum to the 2011 Fiscal Year Cost
of Service Study and the specific action discussed was to make some changes to RMLD's existing Time of Use Rates which
includes the Residential Time of Use and Commercial/Industrial Time of Use. Mr. Hahn stated that the changes were to
shorten the length of the on peak period. Mr. Hahn explained that the Time of Use rates have different charges, higher
charges for use during the on peak hours when everyone is using power and lower charges during the off peak hours when
power usage costs are lower. Mr.Hahn commented that the purpose of these rates is to provide an incentive to customers to
shift their usage pattern from the on peak period to the off peak period. Mr. Hahn said that the proposal and analysis was
provided by the General Manager and discussed at the Power and Rate Committee meeting. The Power and Rate Committee
approved a motion to recommend to the full Board that these rate changes be approved which passed 2:1:0 with Mr. Soli
casting the dissenting vote.
Mr. Carakatsane stated that the CAB voted unanimously to recommend the proposed changes with a small proviso that the
Department will report back on the effectiveness and financial implications of the rate change in six months. It was also
discussed that there were concerns on the rates and that the RMLD promote these rates to its customers.
Mr. Soli provided a presentation on his Analysis of Possibilities for the Industrial Time of Use Rate. Mr. Soli said that his
objection to the rate change was for the Industrial Time of Use even though the motion included Residential Time of Use.
Mr. Soli performed an analysis showing off peak reads and on peak reads.
Mr. Soli advocated that there should be a study performed on the Industrial Time of Use rate before implementing the
proposed rate change.
Chairman O'Neill thanked Mr. Soli for his presentation.
Mr. Cameron said that he brought back to the Board what he was directed to do in shortening the hours from 10 am to 8 pm
to 12 pm to 7 pm and to make the rate revenue neutral. Mr. Cameron said that in the revenue proof in the Addendum to the
FY 2011 Cost of Service Study the rates being proposed are revenue neutral.
Discussion followed.
xegular session Meeting Minutes 3
January 26,2011
Report from RMLD Board Committees(Attachment 1)
Power&Rate Committee—Vice Chair Hahn
Chairman O'Neill asked if the rates are approved tonight, when they will be filed with the DPU. Mr. Cameron replied that
there is a timing issue with reprogramming the meters and before the rate is filed this needs to be in sync. Chairman O'Neill
asked for further clarification as to the exact timetable. Mr.Cameron will get back to the Board when the filing takes place.
Mr. Hahn made a motion seconded by Ms. Snyder that the Reading Municipal Light Board of Commissioners accept the
Addendum to the RMLD's Fiscal Year 2011 Cost of Service Study that proposes changes to the RMLD's Residential and
Industrial Time of Use rates.
Motion carried 4:1:0. Mr.Soli voted against this motion.
Chairman O'Neill thanked Messrs.Hahn and Soli for their work on this.
Budget Committee—Secretary Pacino
Mr. Pacino reported that the Budget Committee met before the RMLD meeting. Mr. Pacino stated that he and the General
Manager met in December 2010 to go over the budget process as well as the reporting of this information. The memo dated
January 21,2011 details the changes in the process.
Mr. Cameron detailed the changes to the budget process. The proposed budget will be annual numbers without the
departmental detail numbers. In addition to the proposed FY budget numbers,there will be presented current year six month
numbers,six months budget numbers and the three prior years' actual numbers.
Mr. Cameron said that there will be capitalized budget figures for capitalized labor in each department which will be shown
for the forecast for previous year by department. Mr. Pacino commented that the three prior years for capital labor will be a
new item in this year's budget process. Mr. Cameron said that any multi year projects in the budget will be shown; and any
carry over projects will be identified in the capital budget.
Mr. Cameron presented a memo to the Budget Committee on the expenses for the upcoming year. Mr. Cameron reported
that the budget books will be delivered on March 31 as has been done in previous years. Mr. Cameron would like to get the
CAB and the Budget Committee to have met by the second week of May to get a motion to the RMLD Board at its meeting
in May if feasible; if not, June. Mr. Cameron added that part of the monthly Budget Variance Report to the Board would
reflect only division level numbers, which will result in less detail. Mr. Cameron said that the departmental budget process
and back up can be available for both the RMLD Board and the Citizens' Advisory Board,
General Manager's Report—Mr.Cameron
Mr. Cameron reported on the following:
Sweat Shirts for Soldiers
The Town of Reading is running a Sweat Shirts for Soldiers program. The 26b "Yankee"Brigade Headquarters and the 26th
Signal Company will deploy to Afghanistan in February. The town of Reading would like to get every soldier a sweatshirt.
The cost for each shirt is$25 and your donation can be sent to the Town Hall. The town is going to have a ceremony at the
high school for the soldiers and from there they go to Hanscom Air Base.
Residential Customer Survey
The residential customer survey will begin in February with 400 of RMLD's customers being called. This will be conducted
by telephone,with a company RMLD has used in the past and will contain 50 questions.
Dave Roffi
Dave Roffi,a Stockman with 32 years of service at the RMLD,passed away on Monday evening. Dave was a very good and
loyal employee of the RMLD and he will be dearly missed. Our thoughts and prayers are with Dave's wife and children. The
Board expressed their condolences.
Financial Report—December,2010—Mr.Fournier(Attachment 2)
Mr.Fournier reported on the Financial Report for December 2010 which represents the first half of the 2011 fiscal year.
Mr.Fournier reported Net Loss for December was$240,000 decreasing year-to-date Net Income to$2.1 million. The year to
date budgeted Net Income is$2.7 million.
Regular Session Meeting Minutes 4
January 26,2011
Financial Report—December,2010—Mr.Fournier(Attachment 2)
Mr. Fournier noted that the Base Revenues are$23.3 million compared to the budgeted amount of$20.8 million. Purchased
Power Base costs were $14.1 million compared to the budgeted amount of $14.1 million. Mr. Fournier said that the
Operating and Maintenance expenses were at$6.1 million compared to the budgeted amount of$6.2 million.
The Depreciation Expense and Voluntary Payments to the Towns are on budget. Cumulatively,all five divisions were under
budget by$131,000 or 1.4%.
Mr. Soli asked a couple of question about the Gaw revenue; Chairman O'Neill asked about the Hazmat charges. The
Department answered all questions.
Mr.Fournier reported that on the pension trust for the first six months ending December 31,2010,there is$3.7 million in the
cash account and$1 million in the investment account with the total net assets of$4.7 million.
Power Supply Report—December,2010—Ms.Parenteau(Attachment 3)
Ms. Parenteau reported on the Power Supply Report for December 2010. Mr. Parenteau reported that RMLD's load for
December was 62 million kilowatt hours which was a fraction less compared to December 2009. Energy costs were $3.58
million which is equivalent to $.0577 per kilowatt hour. In December, the Fuel Charge Adjustment was $.059 per kilowatt
hour. RMLD's sales in December were 54.5 million kilowatts. In December the RMLD under collected by $441,000,
resulting in a Deferred Fuel Cash Reserve balance of$2.45 million. Mr. Parenteau said that in January the Fuel Charge
Adjustment remained the same at $.059 per kilowatt hour and currently the forecast is that it will remain unchanged for
February. Ms.Parenteau reported that the RMLD purchased approximately 19%of its energy requirement from the ISO Spot
Market with the average cost of$66 per megawatt hour. Ms. Parenteau pointed out that per Mr. Soli's request at the last
meeting this has been incorporated in Table 1. The RMLD hit a demand of 113.5 megawatts on December 20,2010 at 7:00
p.m.compared to the peak of 113 megawatts which occurred in December 2009. The RMLD's monthly capacity requirement
was 205.3 megawatts. The RMLD paid$1.5 million for capacity which is equivalent to $7.39 per kilowatt month. Ms.
Parenteau said that at last month's meeting,there was a question on the discrepancy on the Watson Unit,on the actual versus
original forecasted prior to the project coming in online. Energy Services is in the process of finalizing this information and
will e-mail the full Board. The RMLD's transmission costs for December were $626,000 which is a 3% increase from
November.
Chairman O'Neill asked about the capacity requirement. Ms.Parenteau replied that this month it went down slightly because
of Hydro Quebec. Ms. Parenteau explained that for the first auction, Hydro Quebec received a 1,400 megawatt credit,
however based on a deterministic model; it received zero capacity for the months of December throughFebruary, as a result
of that it lowered the overall requirement for the entire pool. The overall costs were the same and they bought a little less in
the market.
Engineering and Operations Report—December,2010-Mr.Sullivan(Attachment 4)
Mr. Sullivan reported on the Engineering and Operations Report for December 2010.
Mr. Sullivan provided an update on the Gaw project. Mr. Sullivan said that the milestones and completion dates remain the
same. Mr. Sullivan reported that there was an increase of RMLD labor for $6,800. Mr. Sullivan said that the project is
winding down however, there are additional costs. Mr. Sullivan reported on the soil remediation cost which is at $2.4
million, including the paid and unpaid invoices. Chairman O'Neill asked if the soil remediation costs are complete. Mr.
Sullivan replied it is close; however,there are some filings and reports that need to be done. Mr. Sullivan added that relative
to the soil remediation that West Street is closed out,not the substation.
Mr. Sullivan commented on the following projects worked on during the month: Project 4 Boutwell Street— in process;
Project 7 URD Completion—completed waiting for costs;Project 36 3W8 Salem Street&Baystate Road-in process;Project
37 Elm Street—in process; Project 38 — 115kV Insulator Replacement RMLD received the insulators; and Project 11 Gaw
Substation—in process.
Mr. Sullivan said that on the service installations on the residential side there were approximately 35 services and on the
commercial side there were two services. In routine construction there were 23 cutouts making a total of 223 for fiscal year
2011.
Kegular session Meeting Minutes 5
January 26,2011
Engineering and Operations Report—December,2010-Mr.Sullivan(Attachment 4)
Mr. Sullivan reported on the Reliability Report. The Customer Average Interruption Duration Index(CAIDI)rolling average
for the month is up to 2.5 minutes for the month; however, the rolling average was down approximately the same amount at
46.26 minutes. The System Average Interruption Frequency Index (SAIFI), the rolling average decreased significantly for
the year, with a small amount of customers out in December totaling 267. The Months between Interruptions (MBTI) is up
significantly from 14.8 months to 16.67 months for customers on the system.
Mr. Sullivan provided an update on the reliability statistics number: outage incidents 14, customers affected 267, feeder
outages 0,area outages 10,and service outages 4 with the causes of outages remaining the same with tree conditions,animals,
connectors and failed hardware.
General Discussion
Ms. Snyder said that as a follow up to the new programs for the energy efficiency there will be a blower door demonstration
put on by the Cities for Climate Protection and the Town of Reading who are sponsors. This will be held at Conservation
Commission's Mattera Cabin, 1481 Main Street on Saturday,January 28 at 10:00 am. There will also be weatherization and
energy efficiency tips.
BOARD MATERIAL AVAILABLE BUT NOT DISCUSSED
Rate Comparisons,January 2011
E-Mail responses to Account Payable/Payroll Questions
Upcoming Meetings
Wednesday,February 23,2011 and March 30,2011
Mr.Pacino said that he will be unable to attend the RMLD Board meeting on February 23,2011.
Executive Session
At 9:00 p.m. Mr. Pacino made a motion seconded by Mr. Hahn that the Board go into Executive Session to approve
Executive Session meeting minutes of December 1, 2010 and discuss strategy with respect to Chapter 164 Section 47D,
exemption from public records and open meeting requirements in certain instances, and return to Regular Session for
adjournment.
Motion carried 5:0:0.
Mr. Soli,Aye;Ms. Snyder,Aye;Chairman O'Neill,Aye;Mr.Hahn,Aye;and Mr.Pacino,Aye.
Adjournment
At 9:00 p.m.Mr.Pacino made a motion seconded by Mr. Soli to adjourn the Regular Session.
Motion carried 5:0:0.
A true copy of the RMLD Board of Commissioners minutes
as approved by a majority of the Commission.
Philip B.Pacino,Secretary
RMLD Board of Commissioners
Analysis of Possibilities for Industrial Time-of-Use Rates
Introduction
Once the relative proportions of on-peak and off-peak usage are known,it is possible to set any number of rates
>r billing the on-peak and off-peak power consumptions. Examples are as follows—
• Bill only for on-peak consumption, off peak consumption is free,
• Bill only for off-peak consumption,on-peak consumption is free,
• Bill at the same rate for on-peak consumption and for off-peak consumption.
These various potential options are given by a linear relationship shown in Figure 1.
Figure 1 — Possibilities for Industrial Time-of-Use Rates at,Old Relative Proportions
The downward-sloping line is the Iine of rate combination possibilities,showing the following —•Bill only for on-peak consumption would be at 12.43 cents/kWh
•Bill only for off-peak consumption would be at 5.9277 cents/kWh
•Bill at the same rate for on-peak consumption and for off-peak consumption is roughly 4 cents/kWh
(This is given by the upward sloping line,labeled "Line of Equal Rates", intersection with the rate line
•Bill at the current ITOU rates of 3.622 cents/kWh off-peak and.4.835 cents/kWh on-peak is the data point
shown on the downward-sloping rate line.
Figure 2 — Possibilities for Industrial Time-of-Use Rates at New Relative Proportions
The downward-sloping line is the line of rate combination possibilities when the off-peak to on-peak
proportions are 75%to 25%. This figure shows the following —
•Bill only for on-peak consumption would be at 16.053 cents/kWh
• Bill only for off-peak consumption would be at 5.3510 cents/kWh
• Bill at the same rate for on-peak consumption and for off-peak consumption is roughly 4 cents/kWh
(This is given by the upward sloping line, labeled "Line of Equal Rates", intersection with the rate line
•Bill at the proposed ITOU rates of 2.5350 cents/kWh off-peak and 8.4480 cents/kWh on-peak is the data point
shown on the downward-sloping rate line.
.gore 3 — Showing the Rate Lines for the Old and New proportions
We see that the two rate lines and the Line of Equal Rates all intersect at the same point, showing that the rate
lines are revenue neutral.
The actual old rates and proposed new rates are indicated on their respective rate lines.
Figure 4 — Showing an expanded view around the old rates and the proposed new rates.
Here we see that for the proposed rates, there is a large increase in the On-Peak Rate, going from 4.835
cents/kWh to 8.448 cents/kWh. To me, this raises a question of what will be the effect of this large change on
our smaller ITOU customers whose operations may run only 1 1/2 to 2 shifts per day?
Figures 5& 6 — These two figures model the effects of the rate changes on a production facility running 365
days/year for various hours/day with a small sales/administration facility consuming 1/10 the kilowatt rate for 9
hours/day,5 days/week,50 weeks/year. Figure 5 shows the average rate of the power consumed (old&new)
while Figure 6 shows the percentage change in the average power rate — it goes down about 5S% for the 24
hour/day facility to an almost 15%increase for a 12 hour/day facility.
Figures 7 & 7B — These two figures show going from old to new rates as incrementally as can be. Figure 7
shows the small step from 3.622¢/kWh off-peak&4.635¢/kWh on-peak to 3.67¢/k-Wh off-peak&5.043¢/kWh
on-peak, virtually as small a change as can be made to get from the old-proportion rate line to the 25%-75% rate
line. Figure 7B gives the same information but at full view. At this scale, the incremental change is virtually
invisible.
Figure S — This figure models the effects of the incremental rate change on a production facility running 365
days/year for various hours/day(same conditions as for Figures 5&6). Here there are no drastic changes in
average rate with the largest change being 0.1 0/kWh.
Soli 1-23-2011
Attachment 1
Fig. 1 - Old Possibilities for
Industrial Time-of-Use Rates
16
15
14
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12
11
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w ---- — Old on-peak
9
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CK
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1
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0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0
Off-Peak hates, cents/kWh
Fig. 2 - New Possibilities for
Industrial Time-of-Use gates
16
15
14
13 —Q— New on-peak
12
11
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Off-Peak Rates, cents/kWh
t'�83 old & New Possibilities for
Industrial Time-of-Use Rates
16
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Off-Beak Rates, cents/kWh
Fi�.'f —old & New Possibilities for
Industrial Time-of-Use Rates,
expanded scales
8.5-
7.5-
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.57.5New on-peak
� 6.5
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oa
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-- -- Line of Equal Rates
2.5
2.5 3.0 3.5 4.0 4.5 5.0
Off-Peak Rates, cents/kWh
S4Aodefing Rate-Change Effect- for Facility
Running 365 days/years various hours/day
5.0
4.9
4.8
�-- New Hours & Rates
4.7 --
4.6
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.0 4.1 -
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.14.0
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-- -- Old Rates
3.8
3.7
12 13 14 15 16 17 18 19 20 21 22 23 24
Operating Hours/day
Percentage cost ch nge from new rates for
Facility running 365 days/year, various hours/day
15 .
14
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Operating Hours/Day
Fig. 7 - Old & New Possibilities for
Industrial Time-of—Use Rates,
expanded scales
----------------
5.
5.1
5.0
-- — add to new
4.9 a
s 4.8
4.7 —0 New on-peak
c
4.6
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.14.0Line of Equal Rates
3.9
3.60 3.65 3.70 3.75 3.80 3.85 3.90 3.95 4.00 4.05 4.10
Off-Peak Rates, cents/kWh
Fig. 7B Old & New Possibilities for
Industrial Time-of-Use Rates
16 -
15 .
14
13 Proposed On Peak
12
11
as
10
9 ¢ Old On Peak
+� 8
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7 - Old to New
Aw 6
as
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1
0
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0
Off Peak Rates, cents/kWh
Fig. 8 — Modeling Small Rate-Change Effect for Facility
Running 365 days/year, various hours/day
5.0
4.9
4.8
4.7
4.6
4.5
4.4
4.3 old Rates
C, 4.2
4.0Small Change
3.9
3.8
3.7
12 13 14 15 16 17 18 19 20 21 22 23 24
Operating Hours/Day
Dt: January 21, 2011
To: RMLB, Vincent F. Cameron, Jr., Jeanne Foti
Fr: Bob Fournier ;/, �la�i�'r inti
Sj: Financial Report December 31, 2010
The results for the first six months ending December 31, 2010, for the fiscal year
2011 will be summarized in the following paragraphs.
1) Change in Net Assets or Net Income: (Page 3A)
For the month of December, the net loss or the negative change in net assets was
$240,266, bringing the year to date net income to $2,119,467. The year to date
budgeted net loss was $644,413, the difference being $2,763,880. Year to date
fuel revenues exceeded fuel expenses by$487,816. Year to date energy
conservation revenues exceeded energy conservation expenses by$35,104. Year
to date GAW soil remediation expenses totalled $808,728, bringing the total cost
to date for this project to $1,905,160.
2) Revenues: (Page 11B)
Year to date base revenues were over budget by$2,456,313 or 11.79 %. Actual
base revenues were $23.3 million compared to the budgeted amount of$20.8
million.
3) Expenses: (Page 12A)
*Year to date purchased power base expense was $9,216 or .07% over budget.
Actual purchased power base costs were$14.1 million compared to the budgeted
amount of$14.1 million.
*Year to date operating and maintenance (O&M) expenses combined were under
budget by$108,453 or 1.75%. Actual O&M expenses were $6.1 million
compared to the budgeted amount of$6.2 million. The major expense that was
over budget was maintenance of line transformers ($213,810.).
*Depreciation expense and voluntary payments to the Towns were on budget.
4) Cash: (Page 9)
*Operating Fund balance was at$6,365,173.
*Capital Funds balance was at$4,669,324.
*Rate Stabilization Fund balance was at$5,380,045.
*Deferred Fuel Fund balance was at$2,446,474.
*Energy Conservation balance was at $343,986.
5) General Information:
Year to date kwh sales (Page 5) were 7.35%, or 25.5 million kwh ahead of last
year's figure. GAW revenues to date are $233,010.
6) Budget Variance:
Cumulatively, the five divisions were under budget by $131,340 or 1.4%. Attachment 2
Jeanne Fob
From: Vincent Cameron
Sent: Friday, January 21, 2011 3:25 PM
To: Phil Pacino; Richard Hahn; Gina Snyder
Cc: Mary Ellen O'Neill; Bob Soli; Jane Parenteau; Kevin Sullivan; Bob Fournier; Beth Ellen Antonio; Joe
Donahoe; Jeanne Foti; Paula O'Leary
Subject: Jan. 19th Budget Committee Meeting
-Attached is the memo outlining the guidelines for the FY12 Capital and Operating Budget.
Here are the points that Phil and I discussed related to changes to the budget process.
1. Department level (rolled up) budget sheets will be supplied to the Board. For instance, in the General
Manager's budget the Board would be receiving page one, which includes regular labor, overtime labor,
training and education,supplies,,and miscellaneous expense. Other departments may have more line
items but the detail behind those figures will not be supplied to the Board or CAB unless individually
requested.
2. The budget content will show annual numbers.
3. The budget will also include 6 months actual/6 months budget figures for the current fiscal year and
the actual expenses from theprevious year, which the Board can compare to the forecast budget.
4. The proposed budget, 6 month actual/6 month budget for the current year, and the previous years
budget should also show the capitalized labor that will be applied to the capital budget.
5. The capital budget should show the budget for future years of a multi-year project.
6. Any"carry over"capital project should be indentified in the capital budget.
7. The Budget Committee will hold a meeting in January during which the General Manager will present
the guidelines(see attached)for the development of the proposed operating and capital budgets.
8. The budgets will be delivered on March 31st as in the past. We should try to get both the CAB and
the Budget Committee budget review meetings done before the second week in May.
9. The content of the quarterly budget presentation to the RMLD Board at their meetings, will
reflect departmental level figures and not the line item detail that has been supplied in the past.
1/24/2011
Jeanne Foti
From: Vincent Cameron
Sent: Monday,January 03, 2011 12:51 PM
LTo: Mary Ellen O'Neill; Richard Hahn; Phil Pacino; Bob Soli; Gina Snyder
Cc: Bob Fournier; Kevin Sullivan; Lee Ann Frill Jeanne Fob
Subject: FW:Account Payable December 24 and 31
December 24,2010
Hahn
1. Uvanni-Why isn't RMLD billed directly for domain name?
There are some computer related purchases where the vendor will not accept a PO. Mr. Uvanni uses his
credit card to pay for these purchases.
O'Neill
1. Fournier-Not this employee's name on receipt from bank.
Mr. Fournier gave his own cash to Ms. Gottwald to purchase the bonds. I have attached an explanation
of the transaction to the payable.
2. Taylor+ Lloyd-Please clarify total paid on PO 10-14004- last one in batch appears incorrect. PO
states total not to exceed$9K w/out formal approval and
change order from RMLD. Has this been followed.
The RMLD has extended the PO amount to$16,000.
December 31,2010
Snyder
1. Delta Beckwith -Where do we have an elevator?
The elevator is in the middle of the Main Office Building and provides access to the second floor.
2. Lynnfield-Detail says 7 to 3 but bill says 8-1:30. PIs. be sure to record actual hours.
The RMLD detail slips are filled out for the 7 to 3 workday. The officer may not arrive unfit later and may
be released prior to 3 pm. The detail officers receive 8 hours pay for details over fours to eight hours.
Hahn
1. ISO-NE-Should there be more than one signature besides Jane Parenteau(i.e. Bill Seldont?
I will also sign the bill.
ANK
1/3/2011
l Page1 of 1
Jeanne Foti
From: Vincent Cameron
Sent: Thursday, January 20, 2011 10:23 AM
To: Mary Ellen O'Neill; Richard Hahn; Phil Pacino;Bob Soli; Gina Snyder •
Cc: Kevin Sullivan; Bob Fournier;Lee Ann Fratom;Jeanne Foti; Jared Carpenter;Jane Parenteau
Subject: FW:Account Payable Questions-January 7th and 14th
Jan 7th
Snyder
1. DNS Mechanical-Just curious-was motor replaced with a high efficiency motor?
No. It is the same motor as the original,which is the only motor to ft into the equipment.
Soli
1. Egghead-Does last invoice need signature?
The signature was on the second page.
2. Rubin& Rudman-2 signatures.
Done.
3. Waveguide- Invoice seems to indicate that we bought 1.00 hour @$2,000/hour.Is this proper
interpretation?
No. Waveguide provided two Fiber techs to perform fiber optic cable testing at various locations on the
RMLD system. The service included two techs for two days. The number"1"on the invoice refers to •
Waveguide providing the service for one time at$2,000.
Jan 14th
Hahn
1. Unibank-Why did we pay more than invoice?
The invoice amount on the first sheet was lower than what was in the detail. They added wrong. The
RMLD corrected k.
O'Neill
1, Energy Egghead-To whom are these expanded audits(with the blower door heat)being made
available? Any additional charge to customer?
Customers that have central air or electric heat. There is no charge.
Snyder
1. Fisbach + Moore-What part did F+M play with soil remediation? I thought they were electric i ISP
did the remediation.
F&M were the general contractors on the Gaw transformer upgrade project. As such they were involved
in the excavation and removal of the contaminated soil.
•
1/20/2011
FINANCIAL REPORT
DECEMBER 31 , 2010
ISSUE DATE: JANUARY 20, 2011
S
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF NET ASSETS
12/31/10
PREVIOUS YEAR CURRENT YEAR
ASSETS
CURRENT
UNRESTRICTED CASH (SCH A P.9) 5,972,996.16 6,368,173.00
RESTRICTED CASH (SCH A P.9) 12,499,265.52 17,086,957.42
RESTRICTED INVESTMENTS (SCH A P.9) 41400,000.00 2,200,000.00
RECEIVABLES, NET (SCH B P.10) 7,802,174.98 8,229,867.39
PREPAID EXPENSES (SCH B P.10) 1,805,060.95 874,300.99
INVENTORY 1,396,008.11 1,554,756.64
TOTAL CURRENT ASSETS 33,875,505.72 36.314,075.44
NONCURRENT
INVESTMENT IN ASSOCIATED CO (SCH C P.2) 108,967.43 89,976.23
CAPITAL ASSETS, NET (SCH C P.2) 65,588,490.94 67,316,610.64
TOTAL NONCURRENT ASSETS 65,697,458.37 67,408,586.87
TOTAL ASSETS 99,572,964.09 103,722,662.31
LIABILITIES
CURRENT
ACCOUNTS PAYABLE 5,516,051.42 6,091,271.64
CUSTOMER DEPOSITS 484,880.63 511,074.20
CUSTOMER ADVANCES FOR CONSTRUCTION 524,225.93 327,263.90
ACCRUED LIABILITIES 747,533.26 833,688.51
TOTAL CURRENT LIABILITIES 7,272,691.24 7,763,298.25
NONCURRENT
ACCRUED EMPLOYEE COMPENSATED ABSENCES 2,873,114.33 3,020,032.75
TOTAL NONCURRENT LIABILITIES 2,873,114.33 3,020,032.75
TOTAL LIABILITIES 10,145.805.57 10,783,331.00
NET ASSETS
INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT 65,588,490.94 67,318,610.64
RESTRICTED FOR DEPRECIATION FUND (P.9) 5,492,066.95 4,669,324.63
UNRESTRICTED 18,346,600.63 20,951,396.04
TOTAL NET ASSETS (P.3) 89,427,158.52 92,939,331.31
TOTAL LIABILITIES AND NET ASSETS 99,572,964.09 103,722 662 31
(1)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
NONCURRENT ASSET SCHEDULE
12/31/10
SCHEDULE C
PREVIOUS YEAR CURRENT YEAR
SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES
NEW ENGLAND HYDRO ELECTRIC 41,937.50 23,538.60
NEW ENGLAND HYDRO TRANSMISSION 67,029.93 66,437.63
TOTAL INVESTMENTS IN ASSOCIATED COMPANIES 108,967.43 89,976.23
SCHEDULE OF CAPITAL ASSETS
LAND 1,265,842.23 1,265,842.23
STRUCTURES AND IMPROVEMENTS 6,997,417.80 6,751,704.34
EQUIPMENT AND FURNISHINGS 12,737,093.56 12,950,796.70
INFRASTRUCTURE 44,588,137.35 46,350,267.37
TOTAL UTILITY PLANT 65,586,490.94 67,318,610.64
TOTAL NONCURRENT ASSETS 65,697,458.37 67,408,586.87
(2)
F
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
12;31/10
MONTH MONTH LAST YEAR CURRENT YEAR YTD
LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
OPERATING REVENUES: (SCH D P.11)
BASE REVENUE 2,977,414.70 3,626,145.96 19,782,389.95 23,290,156.93 17.739%
FUEL REVENUE 3,177,509.05 3,213,832.76 22,277,640.84 21,518,236.24 -3.41%
PURCHASED POWER CAPACITY 529,416.60 28,183.33 2,043,921.89 1,123,954.75 -45.01%
FORFEITED DISCOUNTS 80,013.08 81,899.58 427,140.30 519,153.05 21.54°%
ENERGY CONSERVATION REVENUE 42,280.30 26,836.64 279,337.15 280,851.39 0.54%
GAW REVENUE 0.00 54,485.55 0.Do 233,010.94 100.00%
PASNY CREDIT (29,048.13) (71,724.91) (210,225.80) (367,453.06) 74.79%
TOTAL OPERATING REVENUES 6,777,585.60 6,959,658.91 44,600,204.33 46,597,910.24 4.48%
OPERATING EXPENSES: (SCH E P.12)
PURCHASED POWER BASE 2,311,554.45 2,146,550.96 14,060,571.25 14,144,871.41 0.60%
PURCHASED POWER FUEL 3,964,453.98 3,582,794.01 21,257,529.68 21,030,420.84 -1.07%
OPERATING 823,940.52 770,127.14 4,011,198.44 4,088,023.92 1.92%
MAINTENANCE 333,121.28 241,403.28 1,075,746.64 1,984,315.73 84.46%
DEPRECIATION 280,105.78 287,729.05 1,680,634.68 1,726,374.30 2.72%
VOLUNTARY PAYMENTS TO TOWNS 104,246.00 110,000.00 626,746.00 660,000.00 5.31%
TOTAL OPERATING EXPENSES 7,817,422.01 7,138,604.44 42,712,426.69 43,634,006.20 2.16%
OPERATING INCOME (1,039,836.41) (178,945.53) 1,887,777.64 2,963,904.04 57.00%
ERATING REVENUES (EXPENSES)
^RIBUTIONS IN AID OF CONST 0.00 11,524.70 410,356.43 34,852.42 -91.515.
RN ON INVESTMENT TO READING (182,222.50) (180,990.00) (1,093,335.00) (1,085,940.00) -0.681.
@REST INCOME 20,917.23 3,423.75 86,575.93 60,317.63 -30.33%
INTEREST EXPENSE 6,250.00 (11000.08) (13,290.84) (8,293.66) -37.60%
OTHER (MI)SE AND AMORT) 16,893.83 105,721.39 109,358.24 154,626.27 41.39%
TOTAL NONOPERATING REV (EXP) (138,161.44) (61,320.24) (500,335.24) (844,437.34) 68.77%
CHANGE IN NET ASSETS (1,177,997.851 _L240 265_77) 1,387,442.40 2,119,466.70 52.76°%
NET ASSETS AT BEGINNING OF YEAR 88,039,716.12 90,819,864.61 3.16%
NET ASSETS AT END OF DECEMBER 89,427,158.52 92,939,331.31 3.93%
!3,
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUSINESS-TYPE PROPRIETARY FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
12/31/10
ACTUAL BUDGET %
YEAR TO DATE YEAR TO DATE VARIANCE* CHANGE
OPERATING REVENUES: (SCH F P.11B)
BASE REVENUE 23,290,156.93 20,833,843.00 2,456,313.93 11.79%
FUEL REVENUE 21,518,236.24 20,814,873.00 703,363.24 3.38%
PURCHASED POWER CAPACITY 1,123,954.75 2,781,236.00 (1,657,281.25) -59.59%
FORFEITED DISCOUNTS 519,153.05 458,344.00 60,809.05 13.27%
ENERGY CONSERVATION REVENUE 280,851.39 276,698.00 4,153.39 1.50%
GAW REVENUE 233,010.94 120,000.00 113,010.94 94.1896
PASNY CREDIT (367,453.06) (300,000.00) (67,453.06) 22.48%
TOTAL OPERATING REVENUES 46,597,910.24 44,984,994.00 1,612,916.24 3.59%
OPERATING EXPENSES: (SCH G P.12A)
PURCHASED POWER BASE 14,144,871.41 14,135,655.00 9,216.41 0.07%
PURCHASED POWER FUEL 21,030,420.84 22,294,457.00 (1,264,036.16) -5.67%
OPERATING 4,088,023.92 4,329,294.00 (241,270.08) -5.57%
MAINTENANCE 1,984,315.73 1,851,499.00 132,816.73 7.17%
DEPRECIATION 1,726,374.30 1,750,002.00 (23,627.70) -1.35%
VOLUNTARY PAYMENTS TO TOWNS 660,000.00 660.000.00 0.00 0.00%
TOTAL OPERATING EXPENSES 43,634,006.20 45,020,907.00 (1,386,900.80) -3.08%
OPERATING INCOME 2,963,904.04 (35,913.00) 2,999,817.04 -8353.01%
NONOPERATING REVENUES (EXPENSES)
CONTRIBUTIONS IN AID OF CONST 34,852.42 200,000.00 (165,147.58) -82.57%
RETURN ON INVESTMENT TO READING (11085,940.00) (1,087,500.00) 1,560.00 -0.14%
INTEREST INCOME 60,317.63 225,000.00 (164,682.37) -73.19%
INTEREST EXPENSE (8,293.66) (61000.00) (2,293.66) 38.23%
OTHER (MDSE AND AMORT) 154,626.27 60,000.00 94,626.27 157.71%
TOTAL NONOPERATING REV (EXP) (844,437.34) (608,500.00) (235,937.34) 38.77%
CHANGE IN NET ASSETS 2,119,466.70 (644,413.00) 2,763,879.70 -428.90%
NET ASSETS AT BEGINNING OF YEAR 90,819,864.61 88,039,716.12 2,780,148.49 3.16%
NET ASSETS AT END OF DECEMBER 92,939,331.31 87,395,303.12 5,544,028.19 6.34%
* ( ) = ACTUAL UNDER BUDGET
(3A)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
RECONCILIATION OF CAPITAL FUNDS
12/31/10
SOURCE OF CAPITAL FUNDS:
DEPRECIATION FUND BALANCE 7/1/10 4,801,693.77
CONSTRUCTION FUND BALANCE 7/1/10 0.00
INTEREST ON DEPRECIATION FUND FY 11 8,288.56
DEPRECIATION TRANSFER FY 11 1,726,374.30
FORCED ACCOUNTS REIMBURSEMENT 0.00
GAW SUBSTATION FY 11 296,295.00
TOTAL SOURCE OF CAPITAL FUNDS 6,832,651.63
USE OF CAPITAL FUNDS:
PAID ADDITIONS TO PLANT THRU DECEMBER 1,867,032.00
PAID ADDITIONS TO GAW THRU DECEMBER 296,295.00
TOTAL USE OF CAPITAL FUNDS 2,163,327.00
GENERAL LEDGER CAPITAL FUNDS BALANCE 12/31/10 4,669,324.63
PAID ADDITIONS TO GAW FROM FY 11 296,295.00
PAID ADDITIONS TO GAW FROM FY 10 1,372,876.00
PAID ADDITIONS TO GAW FROM FY 09 3,136,764.00
PAID ADDITIONS TO GAW FROM FY 08 1,895,975.00
TOTAL 6,701,910.00
�a�
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SALES OF KILOWATT HOURS
12/31/10
MONTH MONTH LAST YEAR CURRENT YEAR YTD %
SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
RESIDENTIAL SALES 18,734,396 20,205,126 125,735,335 139,990,701 11.34%
COMM. AND INDUSTRIAL SALES 30,330,261 31,633,827 206,559,585 217,548,273 5.32%
PRIVATE STREET LIGHTING 71,162 72,767 425,749 429,677 0.92%
TOTAL PRIVATE CONSUMERS 49,135,819 51,911,720 332,720,669 357,968,651 7.59%
MUNICIPAL SALES:
STREET LIGHTING 237,395 238,841 1,423,372 1,432,578 0.65%
MUNICIPAL BUILDINGS 764,313 804,219 4,823,632 4,870,654 0.97%
TOTAL MUNICIPAL CONSUMERS 1,001,708 1,043,060 6,247,004 6,303,232 0.90%
SALES FOR RESALE 221,759 221,748 1,634,491 1,812,490 10.8996
SCHOOL 1,289,861 1,296,978 6,771,847 6,826,126 0.80%
TOTAL KILOWATT HOURS SOLD 51,649,147 54,473,506 347,374,011 372,910,499 7.35%
(s)
E '
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
KILOWATT HOURS SOLD BY TOWN
12/31/10
TOTAL READING LYNNFIELD NO.READING WILMINGTON
NTH
RESIDENTIAL 20,205,126 6,265,652 2,878,767 4,344,159 6,716,548
COMM & IND 31,633,827 3,811,990 237,086 4,918,998 22,665,753
PVT ST LIGHTS 72,767 14,039 1,360 21,716 35,652
PUB ST LIGHTS 238,841 80,436 32,437 39,677 86,291
MUNI SLOGS 804,219 219,300 130,784 149,753 304,382
SALES/RESALE 221,748 221,748 0 0 0
SCHOOL 1,296,978 441,917 265,615 170,320 419,126
TOTAL 54,473,506 11,055,082 3,546,049 9,644,623 30,227,752
YEAR TO DATE
RESIDENTIAL 139,990,701 43,507,427 20,323,395 32,388,317 43,771,562
COMM & IND 217,548,273 26,549,060 1,739,700 32,846,694 156,412,819
PVT ST LIGHTS 429,677 83,850 8,160 126,986 210,681
PUB ST LIGHTS 1,432,578 482,616 194,774 237,982 517,206
MUNI BLDGS 4,870,654 1,198,149 862,535 1,043,875 1,766,095
SALES/RESALE 1,812,490 1,812,490 0 0 0
SCHOOL 6,826,126 2,428,287 1,466,327 898,200 2,033,312
TOTAL 372,910,499 76,061,879 24,594,891 67,542,054 204,711,675
LAST YEAR
TO DATE
RESIDENTIAL 125,735,335 38,875,897 18,315,939 29,004,539 39,538,960
COMM & IND 206,559,585 25,391,270 1,668,649 32,365,976 147,133,690
PVT ST LIGHTS 425,749 84,166 8,160 125,232 208,191
PUB ST LIGHTS 1,423,372 471,806 197,106 238,194 516,266
MUNI SLOGS 4,820,632 1,192,169 814,840 965,781 1,847,842
SALES/RESALE 1,634,491 1,634,491 0 0 0
SCHOOL 6,771,847 2,526,363 1,392,568 836,040 2,016,876
TOTAL 347,371,011 70,176,162 22,397,262 63,535,762 191,261,825
KILOWATT HOURS SOLD TO TOTAL
TOTAL READING LYNNFIELD NO.READING WILMINGTON
MONTH
RESIDENTIAL 37.09% 11.50% 5.28% 7.97% 12.34%
COMM & IND 58.07% 7.00% 0.44% 9.03% 41.60%
PVT ST LIGHTS 0.13% 0.03% 0.00% 0.04% 0.06%
PUB ST LIGHTS 0.44% 0.15% 0.06% 0.07% 0.16%
MUNI BLDGS 1.48% 0.40% 0.24% 0.27% 0.58%
SALES/RESALE 0.41% 0.41% 0.00% 0.00% 0.00%
SCHOOL 2.38% 0.81% 0.49% 0.31% 0.77%
TOTAL 100.00% 20.30% 6.50% 17.69% 55.51%
YEAR TO DATE
RESIDENTIAL 37.53% 11.67% 5.45% 8.69% 11.72%
COMM & IND 58.34% 7.12% 0.47% 8.81% 41.94%
PVT ST LIGHTS 0.12% 0.02% 0.00% 0.03% 0.07%
PUB ST LIGHTS 0.38% 0.13% 0.05% 0.06% 0.14%
MUNI BLDGS 1.31% 0.32% 0.23% 0.28% 0.48%
SALES/RESALE 0.49% 0.49% 0.00% 0.00% 0.00%
SCHOOL 1.83% 0.65% 0.39% 0.24% 0.55%
TOTAL 100.00% 20.40% 6.59% 18.11% 54.90%
LAST YEAR
TO DATE
RESIDENTIAL 36.20% 11.19% 5.27% 8.35% 11.39%
COMM & IND 59.46% 7.31% 0.48% 9.32% 42.35%
PVT ST LIGHTS 0.12% 0.02% 0.00% 0.04% 0.06%
PUB ST LIGHTS 0.41% 0.14% 0.06% 0.07% 0.14%
MUNI BLDGS 1.39% 0.34% 0.24% 0.28% 0.53%
SALES/RESALE 0.47% 0.47% 0.00% 0.00% 0.00%
SCHOOL 1.95% 0.73% 0.40% 0.24% 0.58%
TOTAL 100.00% 20.20% 6.4556 18.30% 55.05%
(6)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
FORMULA INCOME
12/31/10
TOTAL OPERATING REVENUES (P.3) 46,597,910.24
ADD:
POLE RENTAL 99,586.40
CUSTOMER DEPOSIT INTEREST INCOME 841.21
LESS:
OPERATING EXPENSES (P.3) (43,634,006.20)
CUSTOMER DEPOSIT INTEREST EXPENSE (8,293.66)
FORMULA INCOME (LOSS) 3,056,037.99
r
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
GENERAL STATISTICS
12/31/10
t
MONTH OF MONTH OF % CHANGE YEAR THRU
DEC 2009 DEC 2010 2009 2010 DEC 2009 DEC 2010
SALE OF KWH (P.5) 51,649,147 54,473,506 -5.79% 7.35% 347,374,011 372,910,499
KWH PURCHASED 62,237,327 62,045,389 -3.77% 5.70% 363,130,364 383,834,890
AVE BASE COST PER KWH 0.037141 0.034596 17.10% -4.83% 0.038720 0.036851
AVE BASE SALE PER KWH 0.057647 0.066567 5.14% 9.67% 0.056948 0.062455
AVE COST PER KWH 0.100840 0.092341 -16.11% -5.78% 0.097260 0.091642
AVE SALE PER KWH 0.119168 0.125565 -15.18% -0.76% 0.121080 0.120159
FUEL CHARGE REVENUE (P.3) 3,177,509.05 3,213,832.76 -31.79% -3.41% 22,277,640.84 21,518,236.24
LOAD FACTOR 75.54% 74.87%
PEAK LOAD 112,865 113,519
(8)
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(
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF CASH AND INVESTMENTS
12/31/10
SCHEDULE A
PREVIOUS YEAR CURRENT YEAR
UNRESTRICTED CASH
CASH - OPERATING FUND 5,969,996.16 6,365,173.00
CASH - PETTY CASH 3,000.00 3,000.00
TOTAL UNRESTRICTED CASH 5,972,996.16 6,368,173.00
RESTRICTED CASH
CASH - DEPRECIATION FUND 5,492,066.95 4,669,324.63
CASH - TOWN PAYMENT 0.00 1,747,500.00
CASH - DEFERRED FUEL RESERVE 2,549,279.61 2,446,474.43
CASH - RATE STABILIZATION FUND 2,360,033.14 4,380,044.68
CASH - UNCOLLECTIBLE ACCTS RESERVE 28,988.15 200,000.00
CASH - SICK LEAVE BENEFITS 1,398,765.32 2,024,276.24
CASH - INSURANCE RESERVE 35,251.72 0.00
CASH - HAZARD WASTE RESERVE 150,000.00 150,000.00
CASH - CUSTOMER DEPOSITS 484,880.63 511,074.20
CASH - ENERGY CONSERVATION 0.00 343,986.25
CASH - OPEB 0.00 614,276.99
TOTAL RESTRICTED CASH 12,499,265.52 17,086,957.42
RESTRICTED INVESTMENTS
RATE STABILIZATION * 2,900,000.00 1,000,000.00
SICK LEAVE BENEFITS ** 1,500,000.00 1,000,000.00
OPEB *** 0.00 200,000.00
TOTAL RESTRICTED INVESTMENTS 4,400,000.00 2,200,000.00
TOTAL CASH BALANCE 22,872,261.68 25,655,130.42
DEC 2009
* FED HOME LOAN MTG CORP 1,400,000.00; DTD 07/02/09; INT 3.25%; MATURITY 07/15/14
* FED HOME LOAN MTG CORP 1,500,000.00; DTD 01/23/09; INT 2.00%; MATURITY 01/15/13
** FED HOME LOAN MTG CORP 500,000.00; DTD 01/23/09; INT 2.00%; MATURITY 01/15/13
** FED HOME LOAN MTG CORP 500,000.00; DTD 06/01/09; INT 3.70%; MATURITY 06/11/16
** FED NATIONAL MORT ASSN 500,000.00; DTD 05/07/09; INT 3.00%; MATURITY 05/15/15
DEC 2010
* FREDDIE MAC 1,000,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
** FREDDIE MAC 1,000,000.00; DTII 09/10/10; INPP 2.00%; MATURITY 09/15/20
*** FREDDIE MAC 200,000.00; DTD 09/10/10; INT 2.00%; MATURITY 09/15/20
(9)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF ACCOUNTS RECEIVABLE
12/31/10
SCHEDULE B
SCHEDULE OF ACCOUNTS RECEIVABLE PREVIOUS YEAR CURRENT YEAR
RESIDENTIAL AND COMMERCIAL 3,609,671.61 4,562,260.15
ACCOUNTS RECEIVABLE - OTHER 278,288.63 157,192.65
ACCOUNTS RECEIVABLE - LIENS 195,958.89 105,586.12
ACCOUNTS RECEIVABLE - EMPLOYEE ADVANCES 1,067.16 1,067.16
SALES DISCOUNT LIABILITY (239,477.87) (359,172.09)
RESERVE FOR UNCOLLECTIBLE ACCOUNTS (216,278.02) (292,205.71)
TOTAL ACCOUNTS RECEIVABLE BILLED 3,629,230.40 4,174,728.28
UNBILLED ACCOUNTS RECEIVABLE 4,172,944.58 4,055,159.11
TOTAL ACCOUNTS RECEIVABLE, NET 7,802,174.98 8,229,887.39
SCHEDULE OF PREPAYMENTS
PREPAID INSURANCE 1,201,807.66 172,639.59
PREPAYMENT PURCHASED POWER 139,124.61 287,593.70
PREPAYMENT PASNY 286,833.66 239,666.63
PREPAYMENT WATSON 162,771.32 159,877.37
PURCHASED POWER WORKING CAPITAL 14,523.70 14,523.70
TOTAL PREPAYMENT 1,805,060.95 874,300.99
ACCOUNTS RECEIVABLE AGING DECEMBER 2010:
RESIDENTIAL AND COMMERCIAL 4,562,260.15
LESS: SALES DISCOUNT LIABILITY (359,172.09)
GENERAL LEDGER BALANCE 4,203,088.06
CURRENT 3,438,659.44 81.61%
30 DAYS 438,162.83 10.42%
60 DAYS 184,026.82 4.385.
90 DAYS 57,449.57 1.37%
OVER 90 DAYS 84,789.40 2.02%
TOTAL 4,203,088.06 100.00%
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING REVENUE
12/31/10
SCHEDULE D
MONTH MONTE LAST YEAR CURRENT YEAR YTD
SALES OF ELECTRICITY: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
RESIDENTIAL SALES 2,436,486.22 2,776,335.36 16,700,574.85 18,361,424.05 9.94%
COMM AND INDUSTRIAL SALES 3,380,966.43 3,7 18,365.04 23,369,717.35 24,451,920.78 4.63%
PRIVATE STREET LIGHTING 10,307.78 10,893.79 62,600.05 62,857.97 0.41%
TOTAL PRIVATE CONSUMERS 5,827,760.43 6,505,594.19 40,132,892.25 42,876,202.80 6.84%
MUNICIPAL SALES:
STREET LIGHTING 45,723.58 47,088.73 278,281.05 277,808.17 -0.17%
MUNICIPAL BUILDINGS 92,038.40 102,199.58 589,612.40 597,337.09 1.31%
TOTAL MUNICIPAL CONSUMERS 137,761.98 149,288.31 867,893.45 875,145.26 0.84%
SALES FOR RESALE 27,316.66 28,397.00 206,574.58 222,939.13 7.92%
SCHOOL 162,084.68 156,699.22 852,670.51 834,105.98 -2.18%
SUB-TOTAL 6,154,923.75 6,839,978.72 42,060,030.79 44,808,393.17 0.13
.d?EITED DISCOUNTS 80,013.08 81,899.58 427,140.30 .519,153.05 21.54%
(w
PURCHASED POWER CAPACITY 529,416.60 28,183.33 2,043,921.89 1,123,954.75 -45.01%
ENERGY CONSERVATION - RESIDENTIAL 9,372.78 10,107.51 62,901.96 70,030.19 11.33%
ENERGY CONSERVATION - COMMERCIAL 32,907.52 16,729.13 216,435.19 210,821.20 -2.59%
GAW REVENUE 0.00 54,485.55 0.00 233,010.94 100.00%
PASNY CREDIT (29,048.13) (71,724.91) (210,225.80) (367,453.06) 74.79%
TOTAL REVENUE 6,777,585.60 6,959,658.91 44,600,204.33 46,597,910.24 4.48%
tli)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING REVENUE BY TOWN
12/31/10
�e
MONTH TOTAL READING LYNNFIELD NO.READING WILMINGTON
RESIDENTIAL 2,776,335.36 863,972.59 393,677.36 597,604.23 921,081.18
INDUS/MUNI BLDG 3,820,564.62 502,849.74 46,544.92 611,135.32 2,660,034.64
PUB.ST.LIGHTS 47,088.73 16,471.08 5,747.81 7,752.94 17,116.90
PRV.ST.LIGHTS 10,893.79 2,048.51 202.57 3,386.37 5,256.34
CO-OP RESALE 28,397.00 28,397.00 0.00 0.00 0.00
SCHOOL 156,699.22 53,834.10 31,678.88 21,099.54 50,086.70
TOTAL 6,839,978.72 1,467,573.02 477,851.54 1,240,978.40 3,653,575.76
THIS YEAR TO DATE
RESIDENTIAL 18,361,424.05 5,735,622.72 2,641,745.95 4,254,878.12 5,729,177.26
INDUS/MUNI BLDG 25,049,257.87 3,328,404.92 312,548.28 3,895,065.31 17,513,239.36
PUS.ST.LIGHTS 277,808.17 97,303.51 33,885.42 45,731.34 100,887.90
PRV.ST.LIGHTS 62,857.97 11,937.15 1,189.44 19,416.64 30,314.74
CO-OP RESALE 222,939.13 222,939.13 0.00 0.00 0.00
SCHOOL 834,105.98 297,698.28 175,877.19 112,216.08 248,314.43
TOTAL 44,808,393.17 9,693,905.71 3,165,246.26 8,327,307.50 23,621,933.70
LAST YEAR TO DATE
RESIDENTIAL 16,700,574.85 5,178,804.35 2,420,248.83 3,858,722.41 5,242,799.26
INDUS/MUNI BLDG 23,959,329.75 3,156,971.61 296,891.01 3,836,561.95 16,668,905.18
PUB.ST.LIGHTS 278,281.05 96,352.78 34,442.32 46,192.01 101,293.94
PRV.ST.LIGHTS 62,600.05 12,125.95 1,203.29 19,279.06 29,991.75
CO-OP RESALE 206,574.58 206,574.58 0.00 0.00 0.00
SCHOOL 852,670.51 316,507.80 172,764.60 109,204.12 254,193.99
TOTAL 42,060,030.79 8,967,337.07 2,925,550.05 7,869,959.55 22,297,184.12
PERCENTAGE OF OPERATING INCOME TO TOTAL
MONTH TOTAL READING LYNNFIELD NO.READING WILMINGTON
RESIDENTIAL 40.58% 12.63% 5.76% 8.74% 13.45%
INDUS/MUNI BLDG 55.86% 7.35% 0.68% 8.93% 38.90%
PUB.ST.LIGHTS 0.69% 0.24% 0.08% 0.11% 0.26%
PRV.ST.LIGHTS 0.16% 0.03% 0.00% 0.05% 0.08%
CO-OP RESALE 0.42% 0.42% 0.00% 0.00% 0.00%
SCHOOL 2.29% 0.79% 0.46% 0.31% 0.73%
TOTAL 100.00% 21.46% 6.98% 18.14% 53.42%
THIS YEAR TO DATE
RESIDENTIAL 40.98% 12.80% 5.90% 9.50% 12.78%
INDUS/MUNI BLDG 55.90% 7.43% 0.70% 8.69% 39.08%
PUB.ST.LIGHTS 0.62% 0.22% 0.08% 0.10% 0.22%
PRV.ST.LIGHTS 0.14% 0.03% 0.00% 0.04% 0.07%
CO-OP RESALE 0.50% 0.50% 0.00% 0.00% 0.00%
SCHOOL 1.86% 0.66% 0.39% 0.25% 0.56%
TOTAL 100.00% 21.64% 7.07% 18.58% 52.71%
LAST YEAR TO DATE
RESIDENTIAL 39.71% 12.31% 5.75% 9.17% 12.48%
INDUS/MUNI BLDG 56.96% 7.51% 0.71% 9.12% 39.62%
PUB.ST.LIGHTS 0.66% 0.23% 0.08% 0.11% 0.24%
PRV.ST.LIGHTS 0.15% 0.03% 0.00% 0.05% 0.07%
CO-OP RESALE 0.49% 0.4996 0.00% 0.00% 0.00%
SCHOOL 2.03% 0.75% 0.41% 0.26% 0.61%
TOTAL 100.00% 21.32% 6.95% 1B.719, 53.02%
(11A)
r
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED REVENUE VARIANCE REPORT
12/31/10
SCHEDULE F
f
ACTUAL BUDGET
YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE
SALES OF ELECTRICITY:
RESIDENTIAL 10,350,967.77 9,060,877.00 1,290,090.77 14.24%
COMM AND INDUSTRIAL SALES
PRIVATE STREET LIGHTING 12,192,000.43 10,979,651.00 1,212,349.43 11.04%
MUNICIPAL BUILDINGS
PUBLIC STREET LIGHTING 194,480.64 269,019.00 (74,538.36) -27.71%
SALES FOR RESALE 119,633.31 123,611.00 (3,977.69) -3.22%
SCHOOL 433,074.78 400,685.00 32,389.78 8.08%
TOTAL BASE SALES 23,290,156.93 20,833,843.00 2,456,313.93 11.79%
TOTAL FUEL SALES 21,518,236.24 20,814,873.00 703,363.24 3.38%
TOTAL OPERATING REVENUE 44,808,393.17 41,648,716.00 3,159,677.17 7.59%
FORFEITED DISCOUNTS 519,153.05 458,344.00 60,809.05 13.27%
PURCHASED POWER CAPACITY 1,123,954.75 2,781,236.00 (1,657,281.25) -59.59%
ENERGY CONSERVATION - RESIDENTIAL 70,030.19 59,836.00 10,194.19 17.04%
ENERGY CONSERVATION - COMMERCIAL 210,821.20 216,862.00 (6,040.80) -2.79%
GAW REVENUE 233,010.94 120,000.00 113,010.94 94.18%
PASNY CREDIT (367,453.06) (300,000.00) (67,453.06) 22.48%
TOTAL OPERATING REVENUES 46,597,910.24 44,984,994.00 1,612,916.24 3.59%
* ( ) ACTUAL UNDER BUDGET
fila)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
SCHEDULE OF OPERATING EXPENSES
12/31/10
SCHEDULE E
MONTE MONTH LAST YEAR CURRENT YEAR YTD
OPERATION EXPENSES: LAST YEAR CURRENT YEAR TO DATE TO DATE CHANGE
PURCHASED POWER BASE EXPENSE 2,311,554.45 2,146,550.96 14,060,571.25 14,144,871.41 0.60%
OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00 0.00%
OPERATION SUP AND ENGINEERING EXP 50,642.93 49,905.06 200,190.99 236,545.29 16.16%
STATION SUP LABOR AND MISC 13,348.49 7,297.97 26,552.88 54,266.06 104.37%
LINE MISC LABOR AND EXPENSE 64,495.27 54,210.73 319,378.99 312,710.88 -2.09%
STATION LABOR AND EXPENSE 55,220.27 50,145.49 247,843.33 238,375.51 -3.829,.
STREET LIGHTING EXPENSE 41950.81 10,226.92 24,897.82 42,840.34 72.06%
METER EXPENSE 47,125.51 38,531.01 200,161.49 169,865.14 -15.14%
MISC DISTRIBUTION EXPENSE 35,069.67 32,540.41 161,786.19 168,211.06 3.97%
METER READING LABOR & EXPENSE 6,349.05 5,606.08 40,216.35 39,081.52 -2.82%
ACCT & COLL LABOR & EXPENSE 150,722.56 143,803.77 693,508.46 653,699.86 -5.74%
UNCOLLECTIBLE ACCOUNTS 12,992.92 15,000.00 75,492.92 90,000.00 19.22%
ENERGY AUDIT EXPENSE 56,406.11 43,741.14 230,658.37 197,707.76 -14.29%
ADMIN & GEN SALARIES 87,677.61 75,922.35 395,328.30 357,494.92 -9.575.
OFFICE SUPPLIES & EXPENSE 24,372.69 21,874.62 128,654.12 141,931.39 10.32%
OUTSIDE SERVICES 10,261.98 10,702.28 147,998.86 98,228.98 -33.639,.
PROPERTY INSURANCE 31,399.48 30,631.92 190,293.43 184,361.32 -3.12%
INJURIES AND DAMAGES 6,572.39 3,654.79 29,356.30 21,286.14 -27.49%
EMPLOYEES PENSIONS & BENEFITS 100,446.64 86,201.41 553,697.37 664,801.79 20.07%
MISC GENERAL EXPENSE 16,876.53 15,215.35 81,571.55 85,603.95 4.94%
RENT EXPENSE 14,294.47 14,765.24 83,638.94 85,264.41 1.94%
ENERGY CONSERVATION 34,715.14 60,150.60 179,971.78 245,747.60 36.55%
TOTAL OPERATION EXPENSES 623,940.52 77C,127.14 4,011,196.44 4 088 023 92 1 925
MAINTENANCE EXPENSES:
MAINT OF TRANSMISSION PLANT 227.10 227.12 1,362.50 1,362.52 0.
MAINT OF STRUCT AND EQUIPMT 14,057.69 25,150.74 37,847.69 76,514.76 102.
MAINT OF LINES - OH 154,784.57 137,794.04 524,776.36 678,141.35 29.2 %
MAINT OF LINES - UG 11,143.20 6,901.73 78,099.03 65,776.42 -15.78%
MAINT OF LINE TRANSFORMERS ** 85,616.64 9,024.29 138,373.34 860,562.21 521.91%
MAINT OF ST LT & SIG SYSTEM 36.75 34.96 (57.13) (99.54) 74.2390
MAINT OF GARAGE AND STOCKROOM 60,706.61 54,194.98 248,048.32 249,685.17 0.66%
MAINT OF METERS 0.00 0.00 531.31 0.00 -100.00%
MAINT OF GEN PLANT 6,548.72 8,075.42 46,763.22 52,372.84 12.00%
TOTAL MAINTENANCE EXPENSES 333,121.28 241,403.28 1,075,746.64 I
1,984,315.73 84.46%
DEPRECIATION EXPENSE 280,105.78 287,729.05 1,680,634.68 1,726,374.30 2.72%
PURCHASED POWER FUEL EXPENSE 3,964,453.98 3,582,794.01 21,257,529.68 21,030,420.84 -1.07%
VOLUNTARY PAYMENTS TO TOWNS 104,246.00 110,000.00 626,746.00 660,000.00 5.31%
TOTAL OPERATING EXPENSES7,817,422.01 7,138,604.44 42,712,426.69 43,634,006.20 2.16%
** FY 11 YTD total includes GAW soil remediation expenses totalling $808,726.55
Total costs to date for entire project is $1,905,160.35
(12)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
12/31/10
SCHEDULE G
ACTUAL BUDGET
OPERATION EXPENSES: YEAR TO DATE YEAR TO DATE VARIANCE * CHANGE
PURCHASED POWER BASE EXPENSE 14,144,871.41 14,135,655.00 9,216.41 0.07%
OPERATION SUPER AND ENGIN-TRANS 0.00 0.00 0.00 0.00%
OPERATION SUP AND ENGINEERING EXP 236,545.29 219,671.00 16,874.29 7.68%
STATION SUP LABOR AND MISC 54,266.06 41,860.00 12,406.06 29.64%
LINE MISC LABOR AND EXPENSE 312,710.88 266,638.00 46,072.88 17.28%
STATION LABOR AND EXPENSE 238,375.51 209,467.00 28,908.51 13.80%
STREET LIGHTING EXPENSE 42,840.34 33,450.00 9,390.34 28.07%
METER EXPENSE 169,865.14 239,119.00 (69,253.86) -28.96%
MISC DISTRIBUTION EXPENSE 168,211.06 172,282.00 (4,070.94) -2.36%
METER READING LABOR & EXPENSE 39,081.52 31,845.00 7,236.52 22.72%
ACCT & COLL LABOR & EXPENSE 653,699.86 688,997.00 (35,297.14) -5.12%
UNCOLLECTIBLE ACCOUNTS 90,000.00 90,000.00 0.00 0.00%
ENERGY AUDIT EXPENSE 197,707.76 232,355.00 (34,647.24) -14.91%
ADMIN & GEN SALARIES 357,494.92 384,931.00 (27,436.08) -7.13%
OFFICE SUPPLIES &EXPENSE 141,931.39 139,064.00 2,867.39 2.06%
OUTSIDE SERVICES 98,228.98 156,264.00 (58,035.02) -37.14%
PROPERTY INSURANCE 184,361.32 239,418.00 (55,056.68) -23.009,
INJURIES AND DAMAGES 21,286.14 32,628.00 (11,341.86) -34.76%
EMPLOYEES PENSIONS & BENEFITS 664,801.79 594,173.00 70,628.79 11.89%
MISC GENERAL EXPENSE 85,603.95 128,422.00 (42,818.05) -33.34%
RENT EXPENSE 85,264.41 106,002.00 (20,737.59) -19.56%
ENERGY CONSERVATION 245,747.60 322,708.00 (76,960.40) -23.85%
TOTAL OPERATION EXPENSES 4,088,023.92 4,329,294.00 (241,270.08) -5.57%
MAINTENANCE EXPENSES:
MAINT OF TRANSMISSION PLANT 1,362.52 11500.00 (137.48) -9.17%
MAINT OF STRUCT AND EQUIPMENT 76,514.76 92,636.00 (16,121.24) -17.40%
MAINT OF LINES - OR 678,141.35 584,046.00 94,095.35 16.11%
MAINT OF LINES - UG 65,776.42 95,128.00 (29,351.58) -30.85%
MAINT OF LINE TRANSFORMERS ** 860,562.21 646,752.00 213,810.21 33.06%
MAINT OF ST LT & SIG SYSTEM (99.54) 4,436.00 (4,535.54) -102.24%
MAINT OF GARAGE AND STOCKROOM 249,685.17 359,073.00 (109,387.83) -30.46%
MAINT OF METERS 0.00 1,928.00 (1,928.00) -100.0050
MAINT OF GEN PLANT 52,372.84 66,000.00 (13,627.16) -20.6556
TOTAL MAINTENANCE EXPENSES 1,984,315.73 1,851,499.00 132,816.73 7.1796
DEPRECIATION EXPENSE 1,726,374.30 1,750,002.00 (23,627.70) -1.35%
PURCHASED POWER FUEL EXPENSE 21,030,420.84 22,294,457.00 (1,264,036.16) -5.67%
VOLUNTARY PAYMENTS TO TOWNS 660,000.00 660,000.00 0.00 0.00%
TOTAL OPERATING EXPENSES 43,634,006.20 45,020,907.00 (1,386,900.80) -3.08%
* ( ) = ACTUAL UNDER. BUDGET
** FY 11 YTD total includes GAR' soil remediation expenses totalling $808,728.55
Total costs to date for entire project is $1,905,160.35
(12AS
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
BUDGETED OPERATING EXPENSE VARIANCE REPORT
12/31/10
RESPONSIBLE REMAINING
SENIOR 2011 ACTUAL BUDGET REMAINING
OPERATION EXPENSES: MANAGER ANNUAL BUDGET YEAR TO DATE BALANCE BUDGET %
PURCHASED POWER BASE EXPENSE JP 27,711,574.00 14,144,871.41 13,566,702.59 48.96%
OPERATION SUPER AND ENGIN-TRANS FCS 0.00 0.00 0.00 0.00%
OPERATION SUP AND ENGINEERING EXP KS 441,828.00 236,545.29 205,282.71 46.46%
STATION SUP LABOR AND MISC KS 85,205.00 54,266.06 30,938.94 36.31%
LINE MISC LABOR AND EXPENSE KS 520,806.00 312,710.88 208,095.12 39.96%
STATION LABOR AND EXPENSE KS 426,438.00 238,375.51 188,062.49 44.10%
STREET LIGHTING EXPENSE KS 66,694.00 42,840.34 23,853.66 35.77%
METER EXPENSE DA 482,771.00 169,865.14 312,905.86 64.81%
MISC DISTRIBUTION EXPENSE JD 347,115.00 168,211.06 1178,903.94 51.54%
METER READING LABOR & EXPENSE DA 64,358.00 39,081.52 25,276.48 39.27%
ACCT & COLL LABOR & EXPENSE RF 1,397,984.00 653,699.86 744,284.14 53.24%
UNCOLLECTIBLE ACCOUNTS RF 180,000.00 90,000.00 90,000.00 50.00%
ENERGY AUDIT EXPENSE JP 494,776.00 197,707.76 297,068.24 60.04%
ADMIN & GEN SALARIES VC 776,849.00 357,494.92 419,354.08 53.98%
OFFICE SUPPLIES & EXPENSE VC 278,100.00 141,931.39 136,168.61 48.96%
OUTSIDE SERVICES VC 293,500.00 98,228.98 195,271.02 66.53%
PROPERTY INSURANCE JD 478,900.00 184,361.32 294,538.68 61.50%
INJURIES AND DAMAGES JD 64,805.00 21,286.14 43,518.86 67.15%
EMPLOYEES PENSIONS & BENEFITS JD 1,188,607.00 664,801.79 523,805.21 44.07%
MISC GENERAL EXPENSE VC 212,096.00 85,603.95 126,492.05 59.64%
RENT EXPENSE JD 212,000.00 85,264.41 126,735.59 59.78%
ENERGY CONSERVATION JP 643,730.00 245,747.60 397,982.40 61.82%
TOTAL OPERATION EXPENSES 8,656,562.00 4,088,023.92 4,568,538.08 52.78%
MAINTENANCE EXPENSES:
MAINT OF TRANSMISSION PLANT KS 3,000.00 1,362.52 1,637.48 54.5F
MAINT OF STRUCT AND EQUIPMT KS 187,404.00 76,514.76 110,889.24 59.17
MAINT OF LINES - OH KS 1,199,735.00 678,141.35 521,593.65 43.48%
r o,
MAINT OF LINES - UG KS 190,258.00 65,776.42 124,481.58 65.43%
MAINT OF LINE TRANSFORMERS ** KS 693,500.00 860,562.21 (167,062.21) -24.09%
MAINT OF ST LT & SIG SYSTEM JD 8,857.00 (99.54) 8,956.54 101.12%
MAINT OF GARAGE AND STOCKROOM JD 676,532.00 249,685.17 426,846.83 63.09%
MAINT OF METERS DA 3,675.00 0.00 3,875.00 100.00%
MAINT OF GEN PLANT RF 132,000.00 52,372.84 79,627.16 60.32%
TOTAL MAINTENANCE EXPENSES 3,095,161.00 1,984,315.73 1,110,845.27 35.89%
DEPRECIATION EXPENSE RF 3,500,000.00 1,726,374.30 1,773,625.70 50.68%
PURCHASED POWER FUEL EXPENSE JP 39,512,664.00 21,030,420.84 18,482,243.16 46.78%
VOLUNTARY PAYMENTS TO TOWNS RF 1,320,000.00 660,000.00 660,000.00 50.00%
TOTAL OPERATING EXPENSES 83,795,961.00 43,634,006.20 40,161,954.80 47.93%
** FY 11 YTD total includes GAW soil remediation expenses totalling $808,728.55
Total costs to date for entire project is $1,905,160.35
U2B)
TOWN OF READING, MASSACHUSETTS
MUNICIPAL LIGHT DEPARTMENT
PROFESSIONAL SERVICES
12/31/2010
PROFESSIONAL SERVICES BY PROJECT
ITEM DEPARTMENT ACTUAL BUDGET VARIANCE
RMLD AND PENSION TRUST AUDIT FEES ACCOUNTING 31,250.00 36,000.00 (4,750.00)
PENSION ACTUARIAL EVALUATION ACCOUNTING 6,000.00 0.00 6,000.00
LEGAL- FERC/ISO ISSUES ENERGY SERVICE 0.00 9,000.00 (91000.00)
LEGAL- POWER SUPPLY ISSUES ENERGY SERVICE 1,129.01 24,000.00 (22,870.99)
PROFESSIONAL SERVICES ENERGY SERVICE 0.00 15,000.00 (2.51000.00)
NERC COMPLIANCE E & 0 4,237.50 3,750.00 487.50
ENGINEERING STUDIES ENGINEERING 0.00 7,500.00 (7,500.00)
LEGAL SERVICES- GENERAL GM 48,592.46 25,002.00 23,590.46
LEGAL SERVICES- ARBITRATION HR 3,208.79 0.00 3,208.79
LEGAL GENERAL HR 1,297.55 21,000.00 (19,702.45)
LEGAL GENERAL BLDG. MAINT. 0.00 750.00 (750.00)
SURVEY RIGHT OF WAY BLDG. MAINT. 0.00 2,502.00 (2,502.00)
ENVIRONMENTAL BLDG. MAINT. 1,472.00 2,502.00 (1,030.00)
ENGINEERING SERVICES BLDG. MAINT. 0.00 4,260.00 (4,260.00)
INSURANCE CONSULTANT GEN. BENEFIT 1,041.67 4,998.00 (3,956.33)
TOTAL 98,228.98 156,264.00 (58,035.02)
PROFESSIONAL SERVICES BY VENDOR
ACTUAL
I.MLANSON HEATH & COMPANY PC 44,767.89
RUBIN AND RUDMAN 23,888.36
DUNCAN AND ALLEN 12,3.15.22
CHOATE HALL AND STEWART 4,306.34
UTILITY SERVICES INC. 4,237.50
AMERICAN ARBITRATION ASSOCIATION 200.00
COVINO ENVIRONMENTAL ASSOCIATES 1,472.00
ROMARKE INSURANCE 1,041.67
STONE CONSULTING INC. 6,000.00
TOTAL 98,228.98
(13)
RMLD
DEFERRED FUEL CASH RESERVE ANALYSIS
12/31/10
GROSS MONTHLY TOTAL
DATE CHARGES REVENUES PASNY CREDIT DEFERRED DEFERRED
Jun-10 2,326,112.09
Jul-10 4,555,108.56 3,536,618.90 (98,501.74) (1,116,991.40) 1,209,120.69
Aug-10 4,151,871.47 3,658,721.48 (49,929.96) (543,079.95) 666,040.74
Sep-10 3,437,081.39 4,007,231.89 (52,662.99) 517,487.51 1,183,528.25
Oct-10 2,586,224.15 3,632,858.99 (62,298.35) 984,336.49 2,167,864.74
Nov-10 2,717,341.26 3,468,972.22 (32,335.11) 719,295.85 2,887,160.59
Dec-10 3,582,794.01 3,213,832.76 (71,724.91) (440,686.16) 2,446,474.43
RMLD
BUDIET VARIANCE REPORT
FOR PERIOD ENDING DECEMBER 31, 2010
DIVISION ACTUAL BUDGET VARIANCE CHANGE
-,.OGINEERING AND OPERATIONS 2,876,460 2,577,183 299,277 11.61%
ENERGY SERVICES 444,521 603,313 (158,792) -26.32%
GENERAL MANAGER 341,352 396,243 (54,891) -13.85%
FACILITY MANAGER 11411,498 1,568,729 (157,231) -10.02%
BUSINESS DIVISION 4,479,116 4,538,819 (59,703) -1.32%
SUB-TOTAL 9,552,948 9,684,287 (131,340) -1.36%
PURCHASED POWER - BASE 14,144,871 14,135,655 9,216 0.07%
PURCHASED POWER - FUEL 21,030,421 22,294,457 (1,264,036) -5.67%
TOTAL 44,728,240 46,114,399 (1,386,160) -3.01%
8:37 PM
RPL D
1/2O/ZO11 ENGINEERING AIM OPERATIONS DIVISION BUDGET VARIANCE REPORT
FOR PERIOD ENDING DECEMBER 31, 2010
ACTUAL BUDGET ACT/BUT
YTD YTD VARIANCI
E&O MGR 55 JUL AUG SEP OCT NOV DEC TOTAL TOTAL %
01-55-5920-101 LABOR REG 15,351 13,955 13,895 17,444 13,000 18,127 91,771 88,715 3..
01-55-5920-102 LABOR OT 0 0 0 0 91 0 91 500 -81.8
01-55-5921-000 OFFICE SUPPLIES 0 28 0 60 44 23 155 252 -38.37%
01-55-5930-103 EE EDUCATION 0 0 893 1,829 0 0 2,723 4,500 -39.49%
01-55-5930-106 VEHICLE (792) (165) (481) 63 49 (148) (1,476) 2,240 -165.80%
01-55-5923-000 OUTSIDE SERVICES 0 0 1,800 750 750 938 4,238 3,750 13.00%
01-55-5930-105 NISC GENERAL 348 165 54 396 848 48 1,858 252 637.37%
SUB-TOTAL 14,907 13,983 16,161 20 543 16 782 -8,986 99,362 100,209 -0.85%
ENGINEERING 65
01-65-5580-101 LABOR REG 30,945 29,750 27,846 39,990 29,253 42,600 200,584 190,181
01-65-5560-102 LABOR OT 5.67%
5,241 1,333 5,058 3,943 1,372 5,609 22,557 19,998 12.80%
01-65-5580-103 EE EDUCATION 0 0 0 50 1,240 1,140 2,430 5,000 -51.41%
01-65-5580-105 SUPPLIES 91599 175 465 651 792 475 12,156 2,250 460.18%
01-65-5580-106 VESICLE (635) (133) (386) 51 60 (119) (1,182) 2,240 -152.77%
01-65-5921-000 OFFICE SUPPLIES 75 6 43 47 0 86 258 498 -48.12%
01-65-5923-000 OUTSIDE SERVICES 0 0 0 0 D 0 0 7,500 -100.00%
SOB-TOTAL 45,225 31,132 33,026 64,732 32 697 19,991 236,804 227 667 4.01%
LINE 66
01-66-5568-109 MMMT OF TRANS EXP 227 227 227 227 227 127 1,362 1,500 -9.17%
01-66-5581-101 LABOR NISC 42,650 36,225 46,504 32,980 46,537 50,454 259,350 194,891 33.07%
01-66-5581-109 GENERAL EXP 71059 12,028 11,074 5,430 4,360 3,281 43,233 49,998 -13.53%
01-66-5581-103 EE EDUCATION 2,206 453 41151 2,321 522 476 10,128 21,750 -53.43%
01-66-5585-109 STREET LIGHT EXP 700 1,604 2,797 2,655 4,349 31986 16,093 10,002 60.90%
01-66-5585-101 LABOR REG ST LIGHT 1,557 1,743 2,878 - 2,592 21961 3,462 15,173 9,745 55.71%
01-66-5585-102 LABOR OT ST LIGHT 377 65 871 719 940 1,156 4,127 2,502 64.96%
01-66-5585-106 VEHICLE ST LIGHT 355 801 1,272 1,538 11840 1,641 7,447 11,200 -33.51%
01-66-5593-109 NAINT OF LINES - 7,580 2,592 11,662 8,322 3,994 7,566 41,515 44,502 -6.71%
01-66-5593-101 LABOR REG NAINT LINE 30,857 36,751 4,766 89,224 26,872 50,678 238,948 152,741 56.40
01-66-5593-102 LABOR OT NAINT LINE 45,585 21,265 43,161 24,114 21,672 37,064 192,861 130,020 48.?
01-66-5593-106 VEHICLE NAINT OR LINE (51468) 12,938 7,575 23,549 17,412 12,719 68,726 76,162 -9.',
01-78-5593-110 TREE TRIMMING 13,892 16,945 18,378 25,232 31,678 29,966 136,091 180,622 -24.x.9
01-66-5594-109 NAINT DO LINE 18,587 1,374 11,213 10,152 12,690 7,050 61,066 79,998 -23.
01-66-5594-101 LABOR REG UG LINES 31541 279 371 0 0 0 4,191 6,890 -39.
01-66-5594-102 LABOR OT UG LINE 0 583 0 0 0 0 583 6,998 -88.33%
01-66-5594-106 VEHICLE UG LINE. 274 69 (370) 63 49 (148) (63) 3,242 -101.95%
01-66-5596-109 ST LT & SIG EXP 0 0 (20) 0 0 (10) (30) 126 -123.81%
01-66-5596-101 LABOR REG ST LT/SG 0 0 0 0 0 0 0 3,062 -100.00%
01-66-5596-102 LABOR OT ST LT/SG 0 0 0 0 0 0 0 126 -100.00%
01-66-5596-106 vEHICLE ST LT/SG (80) (17) (29) 6 5 45 (70) 1,120 -106.21%
01-66-5921-000 OFFICE SUPPLIES 0 0 0 0 153 0 153 126 21.10%
SUB-TOTAL 169,900 147,925 166,280 229.124 17B,260 209,396 1.100.884 985 323 11.73%
Page 1
i
l
8:37 PM RMLD
1/20/2011 ENGINEERING AND OPERATIONS DIVISION BUDGET VARIANCE REPORT
FOR PERIOD ENDING DECEMBER 31, 2010
ACTUAL BUDGET ACT/BUD
YTD YTD VARIANCE
ME. READING 80 JUL AUG SEP OCT NOV DEC TOTAL TOTAL %
01-8 101 LABOR REG 8,133 5,003 4,823 4,354 4,186 4,585 31,084 27,687 12.27%
01-8 '-102 LABOR OT 1,138 0 101 177 0 0 1,416 500 183.16%
01-80-5902-105 SUPPLIES 36 0 12 172 160 0 360 300 26.67%
01-80-5902-106 VESICLE 725 1,056 982 1,213 11205 1,021 6,202 3,360 84.58%
SUB-TOTAL 10,033 6,059 5,918 5,916 5,550 5 606 39 082 31,840 22.72%
METER TECHNICIANS 67
01-67-5586-109 METER TECH EXP 1,143 11615 134 0 21165 306 5,364 6,498 -17.46%
01-67-5586-101 LABOR REG 21,587 23,846 24,838 30,669 26,405 36,328 161,674 162,951 -0.78%
01-67-5586-102 LABOR OT 647 202 472 214 217 2,064 3,816 61,698 -93.82%
01-67-5586-103 EE EDUCATION 0 0 0 0 0 0 0 1,250 -100.00%
01-67-5586-106 VEHICLE (899) 189 (667) 292 266 (167) (988) 6,720 -114.70%
01-67-5921-000 OFFICE SUPPLIES 0 0 0 745 0 0 745 126 491.22%
SUB-TOTAL 22,478 25,853 24,777 31,920 27,052 38,531 170,610 239,243 -28.69%
STATION 68
01-68-5581-109 STATION OP 603 385 385 385 385 385 2,527 2,502 1.01%
01-68-5581-101 LABOR REG SUP 9,402 7,845 8,470 11,681 7,428 6,913 51,739 39,358 31.46%
01-68-5562-109 STATION SUPPLIES (1,701) (78) (197) (622) (275) (826) (3,699) 2,502 -247.85%
01-68-5582-101 LABOR REG 30,236 27,667 19,214 32,455 25,242 39,094 173,908 142,094 22.39%
01-68-5582-102 LABOR OT 10,152 7,436 17,211 10,836 9,155 11,843 66,633 60,000 11.06%
01-66-5582-103 EE EDUCATION 0 0 602 50 0 652 3,750 -82.62%
01-68-5562-105 SUPPLIES 74 64 489 414 204 78 1,324 0 100.00%
01-68-5562-106 VEHICLE (237) (50) (144) 19 15 (44) (442) 1,120 -139.42%
SUB-TOTAL 48,529 43,269 46,030 55,218 42,153 57,443 292,642 251,326 16.44%
01-68-5590-109 SENIOR TECH EXP (1,512) 29 0 625 525 (133) 51000 -102.66%
01-68-5590-101 LABOR REG 8,364 9,919 3,123 10,626 16,877 26,276 73,185 77,020 -4.98%
0, 5590-102 LABOR OT 1,290 168 586 56 336 337 2,774 41998 -46.50%
0 1590-103 HE EDUCATION 0 0 0 60 0 0 60 2,502 -97.60%
01- --5590-105 SUPPLIES 45 208 81 634 45 57 1,070 11998 -46.42%
01-680 VEHICLE (237) (50) (144) 19 15 (44) (442) 1,120 -139.42%
01-6 5-000 TRANSFORMER MAINT 49,473 397,411 110,452 231,472 62,729 9,024 860,562 646,752 33.06%
01-68 -109 MAINT METERS 0 0 0 0 0 0 0 498 -100.00%
01-68-5597-101 LABOR REG 0 0 0 0 0 0 0 1,176 -100.00%
01-68-5597-102 LABOR OT 0 0 0 0 0 0 0 252 -100.00%
01-66-5921-000 OFFICE SUPPLIES 0 0 0 0 0 0 0 252 -100.00%
SUB-TOTAL 57,423 407,685 114,101 242867 80,826 34.175 937,077 741,568 26.36%
GRAND TOTAL 368,494 675,906 406,292 630,319 381,320 414,128 2,876,460 2,577,183 11.61%
Page 2
8:36 PM
ReMa
1/20/2011 BUSINESS DIVISION BUDGET VARIANCE REPORT
FOR PERIOD ENDING DECEMBER 31, 2010
ACTUAL BUDGET ACT/BUD
YTD YTD VARIANCE
ACCOUNTING 59 JUL AUG SEP OCT NOV DEC TOTAL TOTAL %
01-59-5903-101 LABOR REG 15,020 13,836 13,628 16,817 13,274 18,937 91,512 95,514 -4.1
01-59-5903-102 LABOR OT 0 0 0 0 0 0 0 200 -100.00%
01-59-5903-103 EE EDUCATION 0 0 0 0 0 0
01-59-5903-105 SUPPLIES 13,757 2,708 21165 51,344 16,652 33,442 120,069 140,700 -14.66%
01-59-5921-000 OFFICE SUPPLIES 18,407 26,404 29,549 16,361 20,618 20,952 132,290 127,500 3.76%
01-59-5923-000 OUTSIDE SERVICES 1,250 4,000 23,000 14,803 11000 0 44,053 36,000 22.37%
SUB-TOTAL 48,434 46.949 68,342 99,325 51.544 73,331 387,924 399,914 -3.00%
CUSTOMER SERVICE 62
01-62-5903-101 LABOR REG 34,762 31,632 30,130 39,683 30,181 44,434 210,821 226,333 -6.85%
01-62-5903-102 LABOR OT 41 0 0 0 0 0 41 1,000 -95.89%
01-62-5903-103 EE EDUCATION 0 0 0 2,137 150 0 2,287 11500 52.49%
01-62-5903-105 SUPPLIES 4,437 152 188 179 3,775 589 - 9,320 7,500 24.27%
01-62-5903-106 VEHICLE (792) (165) (481.) 63 49 (148) (1,474) 2,240 -165.80%
01-62-5904-000 UNCOLLECT ACCOUNTS 15,000 15,000 15,000 15,000 15,000 15,000 90,000 90,000 0.00%
01-62-5921-000 OFFICE SUPPLIES 0 0 0 0 84 298 381 1,200 -68.22%
SUB-TOTAL 53,448 46,618 44,837 57,063 49,240 60,171 311,378 329,773 -5.58%
NIS 61
01-61-5903-101 LABOR REG 33,295 31,965 33,442 37,093 29,749 44,530 210,073 196,610 6.85%
01-62-5903-102 LABOR OT 0 0 0 0 0 0 0 400 -100.00%
01-61-5903-103 EE EDUCATION 0 0 495 0 980 11028 2,503 51000 -49.94%
01-61-5903-105 SUPPLIES 995 1,703 1,557 1,565 1,733 993 8,547 12,000 -28.78%
01-61-5935-000 MAINT GEN PLANT 61901 7,294 10,008 12,056 8,039 8,075 52,373 66,000 - -20.65%
01-61-5921-000 OFFICE SUPPLIES 619 0 680 4,269 1,710 369 7,647 6,000 27.46%
SUB-TOTAL _ 41,810 40,962 46,183 54,982 42,211 54,995 281,243 286,010 -1.70%
MISCELLANEOUS DEDUCTIONS 57/77
01-77-5403-000 DEPRECIATION Exp 287,729 287,729 287,729 287,729 287,729 287,729 1,726,374 1,750,002 -1.
01-77-5408-000 VOLUNTARY PAYMENTS 110,000 110,000 110,000 110,000 110,000 110,000 660,000 660,000 0.
01-77-5419-000 INTEREST Exp 1,017 1,019 11018 11016 3,223 11000 8,294 61000 38.2'�)
01-77-5426-000 OTHER DEDUCTIONS 180,990 180,990 180,990 180,990 180,990 180,990 11085,940 1,087,500 -0.14%
01-57-5920-101 AC/BUS NGR LABOR REG 2,718 2,738 2,738 3,328 2,627 3,815 17,964 18,421 -2.48%
01-57-5930-109 AC/BUS MGR NISC GEN 0 0 50 0 50 0 100 11200 -91.67%
SUB-TOTAL 582,454 582,476 582,525 583,063 584.619 583,534 3,498,672 3 523 123 -0.69%
GRAND TOTAL 726,145 717,005 741,888 794,433 727,614 772,031 4, 79,116 4,538,819 -1.32%
Page 3
6:36 PM RNLD
1/20/2011 FACILITY MANAGER DIVISION BUDGET VARIAN.`" REPORT
FOR PERIOD ENDING DECEMBER 31, 2G
ACTUAL BUDGET ACT/BUD
YTD YTD VARIANCE
G. AL BENEFITS 53 JUL AUG SEP OCT NOV DEC TOTAL TOTAL %
01- 0-101 LABOR REG 7,713 4,547 2,963 7,110 5,178 7,105 34,617 44,381 -22.00%
01- 21-000 OFFICE SUPPLIES 0 0 42 0 0 21 63 510 -87.64%
01-53- 930-103 EE EDUCATION 0 0 0 509 70 15 594 2,502 -76.27%
01-53-5930-105 SUPPLIES 0 0 0 0 0 0 0 498 -100.00%
01-53-5923-000 OUTSIDE SERVICES 0 0 0 0 0 1,042 1,042 41998 -79.16%
01-53-5924-000 PROPERTY INSURANCE 30,632 31,202 30,632 30,632 30,632 30,632 184,361 239,418 -23.00%
01-53-5925-000 INJURIES & DAMAGES 4,380 31548 4,553 3,671 1,480 3,655 21,286 32,628 -34.76%
01-53-5926-000 EE PENS 4 SENEFIT 195,092 99,822 87,249 99,938 96,499 86,201 664,802 594,173 11.89%
01-53-5930-109 MISC GENERAL 0 0 15 0 0 0 15 1,500 -99.00%
01-53-5931-000 RENT 13,446 14,110 14,027 14,129 14,787 14,765 85,264 106,002 -19.56%
SUB-TOTAL 251,263 153,229 139,462 155,989 146,646 143,436 992,044 1,026,610 -3.37%
TRANSPORTATION 63
01-63-5933-109 MISC GENERAL (50) (40) (80) 147 (190) (60) (273) (112,560) -99.76%
01-63-5933-101 LABOR REG 6,712 5,261 7,751 5,520 6,729 91406 41,380 29,097 42.22%
01-63-5933-102 LABOR OT 669 482 268 1,392 535 107 3,453 3,900 -11.46%
01-63-5933-103 EE EDUCATION 0 0 0 0 0 0 0 11000 -100.00%
01-63-5933-105 SUPPLIES (45,602) (13,689) (31,184) 3,701 (4,686) 912 (90,547) 190,566 -147.51%
LESS ALLOCATION RECLASS 38,271 7,986 23,244 (10,761) (2,389) (10,365) 45,986 (112,003) -141.06%
SUB-TOTAL, 0 0 (0) (0) (0) 0 0 0 0.00%
BUILDING MAINTENANCE 64
01-64-5923-000 OUTSIDE SERVICES 0 75 0 0 0 1,472 1,547 10,014 -84.55%
01-64-5932-101 LABOR REG 9,459 11,960 10,407 14,662 9,760 12,803 69,050 61,050 13.10%
01-64-5932-102 LABOR OT 1,310 1,745 2,565 588 2,618 7,023 15,649 11,666 35.85%
01-64-5932-103 EE EDUCATION 0 0 0 160 0 0 160 11000 -84.00%
01-64-5932-105 SUPPLIES 14,643 47,727 26,909 29,394 11,585 34,369 164,626 285,354 -42.31%
SUB-TOTAL 25,413 61,506 39,8U1 44,804 23,962 55,667 251,232 369,.084 -31.93%
IALS MANAGEMERP 60
A01 88-109 MISC DIST EXP 1,662 3,648 4,375 3,848 3,867 3,745 21,145 22,500 -6.02%
Ol BB-101 LABOR REG 22,053 20,046 20,028 23,935 20,322 27,931 134,317 138,756 -3.20%
01- 88-102 LABOR OT 0 0 0 0 0 0 0 11998 -100.00%
01-60-5588-103 BE EDUCATION 0 0 75 300 55 736 1,166 1,050 11.02%
01-60-5588-105 SUPPLIES 937 41988 3,042 1,951 538 129 11,584 7,500 54.45%
01-60-5586-104 RFP EXPENSES 0 0 0 0 0 0 0 480 -100.00%
01-60-5921-000 OFFICE SUPPLIES 0 0 0 0 0 11 11 750 -96.51%
SUS-TOTAL, 24,652 28,684 27,519 30,033 24,783 32,552 168,222 173,034_ -2.79%
GRAND TOTAL 301,328 243,418 206,881 230,825 197,390 _231,655 1,411,498 1,568,729 -10.02%
Page 4
8:35 PM y�D
1/20/2011 GENERAL MANAGER DIVISION BUDGET VARIANCE REPORT
FOR PERIOD ENDING DEMMER 31, 2010
ACTUAL BUDGET ACT/BUT
YTD YTD VARIAN(
GENERAL MANAGER 51 am AUG SEP OCT NOV DEC TOTAL TOTAL %
01-51-5920-101 LABOR REG 20,099 18,546 18,546 23,182 16,602 26,901 123,875 121,796
01-51-5921-000 OFFICE SUPPLIES B 189 45 170 105 517 11248 -58
01-51-5923-000 OUTSIDE SERVICES 1,568 10,010 5,429 12,855 6,781 5,147 41,789 25,002 67.14%
01-51-5930-103 EE EDUCATION 475 1,061 0 0 15 0 11551 4,250 -63.51%
01-51-5930-105 NISC GENERAL 4,241 4,133 5,034 4,576 4,700 5,019 27,701 27,498 0.74%
01-51-5930-106 VERICLE (792) (165) (481) 63 49 (148) (1,474) 2,240 -165.80%
SUBTOTAL 25,598 33,584 28,716 40,721 28,317 37,023 193,959 182,034 6.55%
HUMAN RESOURCES 52
01-52-5920-101 LABOR REG 8,562 7,750 7,630 9,493 7,363 10,915 51,714 61,823 -16.35%
01-52-5921-000 OFFICE SUPPLIES 0 0 0 (347) 46 0 (301) 100 -400.80%
01-52-5923-000 OUTSIDE SERVICES 0 144 0 693 1,566 2,104 4,506 21,000 -78.54%
01-52-5930-103 EE EDUCATION 0 0 0 0 50 0 50 41000 -98.75%
01-52-5930-105 SUPPLIES 0 545 0 0 0 0 545 450 21.11%
01-52-5930-109 MISC GENERAL 300 185 82 984 300 447 2,298 7,592 -69.73%
SUB-TOTAL 8,862 8,624 7,712 10,822 9,325 13,467 58,812 94,965 -38.07%
COMMUNITY RELATIONS 54
01-54-5920-101 LABOR REO 5,894 5,358 4,387 7,586 4,906 8,998 37,130 46,175 -19.59%
01-54-5921-000 OFFICE SUPPLIES 0 0 0 0 0 0 0 250 -100.00%
01-54-5930-109 RISC GENERAL 284 7,785 1,998 1,406 21,873 9,983 43,328 60,351 -28.21%
01-54-5930-103 EE EDUCATION 150 0 0 0 0 0 150 0 100.00%
01-54-5930-105 SUPPLIES 0 0 517 357 0 0 874 250 249.64%
SUB-TOTAL 6,328 13,143 6,901 9,349 26,779 18,982 01,482 107,026 -23.87%
CAB 56
01-56-5920-101 LABOR REG 0 0 61 0 212 61 333 21518 -86.78%
01-56-5920-102 LABOR OT 0 0 0 0 0 0 0 600 -100.f
01-56-5930-109 MISC GENERAL 11100 2,001 0 0 0 0 3,101 4,350 -28.'
SUB-TOTAL 1,100 2,001 61 0 212 61 3,434 7,468 -5
vi
BOARD 58
01-58-5930-109 MISC GENERAL 1,650 2,014 0 0 0 0 3,664 4,750 -22.85%
SUB-TOTAL 1,650 2,014 0 0 0 0 3,664 4,750 -22.85%
GRAND TOTAL 43,538 59,366 43,390__ 60,892 64,633 69,532 341,352 396,243 -13.85%
Page 5
8:58 PM
1/2012011
RMI.D
ENERGY SERVICES DIVISION BUDGET VARIANCE REPORT
FOR PERIOD ENDING DECEMBER 31, 2010
ACTUAL BUDGET ACT/BUD
YTD YTD VARIANCE
ENERGY SERVICES 75 JUL AUG SEP OCT NOV DEC TOTAL TOTAL %
01-75-5916-000 ENERGY SERV EXP 325 1,825 3,325 3,225 (19,323) 2,714 (7,909) 12,000 -165.91%
01-75-5916-101 LABOR REG 35,749 30,521 26,035 30,452 26,216 38,352 187,324 216,853 -13.62%
01-75-5916-103 EE EDUCATION 894 1,495 27 0 2,422 4,352 91191 2,500 267.63%
01-75-5916-109 KEY ACCOUNT 3,538 0 (3,500) 10,255 485 (1,677) 9,102 1,002 808.38%
01-75-5921-000 OFFICE SUPPLIES 0 0 0 0 0 11 11 252 -95.60%
01-75-5923-000 OUTSIDE SERVICES 0 685 209 360 0 0 1,054 48,000 -97.80%
01-75-5916-402 RES CONSERVE PROG 11,667 10,534 19,054 13,075 13,117 12,004 79,449 88,398 -10.12%
01-75-5916-403 RES CONSERVE OTHER 0 0 0 0 0 0 0 10,502 -100.00%
01-75-5916-502 COMM CONSERVE PROG 27,912 5,800 (21914) 12,524 54,095 63,267 140,684 199,302 -29.41%
01-75-5916-503 COMM CONSERVE OTHER 3,770 3,770 3,770 5,655 3,770 4,880 25,614 24,506 6.53%
GRAND TOTAL 83,855 56,130 66,005 75,545 80,782 103.903 444,521 603,313 -26.32%
Page 6
RMLD
STAFFING REPORT
FOR FISCAL YEAR ENDING JUNE, 2011
ACTUAL
11 BUD JUL AUG SEP OCT NOV DEC
TOTAL 10 10 10 10 10 10
C-ENERnr. M_auAC-ER
GENERAL MANAGER 2 2 2 2 2 2 2
HUMAN RESOURCES 1.5 1 1 1 1 1 1
COMMUNITY RELATIONS 1.5 1 1 1 1 1 1
TOTAL 5 4 4 4 4 4 4
BUS T NR!._S.S
ACCOUNTING 2 2 2 2 2 2 2
CUSTOMER SERVICE 9 8 8 8 8 8 8
MGMT INFORMATION SYS 6 6 6 6 6 6 6
MISCELLANEOUS 1 1 1 1 1 1 1
TOTAL 18 17 17 17 17 17 17
FN-TNEF TN- & OPE n nuG
AGM E&0 2 2 2 2 2 2 2
ENGINEERING 5 5 5 5 5 5 5
LINE 20 19 19 19 19 19 19
METER 6 6 6 6 6 6 6
STATION 9 9 9 9 9 9 9
TOTAL 42 41 41 41 41 41 41
PRn_nr.rT
BUILDING 2 2 2 2 2 2 2
GENERAL BENEFITS 2 2 2 2 2 2 2
TRANSPORTATION 0 0 0 0 0 0 0
MATERIALS MGMT 4 4 4 4 4 4 4
TOTAL 8 8 8 8 8 8 8
EI�TERC--�/ SERVI •S
ENERGY SERVICES 6 6 5 5 5 5 5
TOTAL 6 6 5 5 5 5 5
RMLD TOTAL 79 76 75 75 75 75 75
CONTRA TORS
UG LINE 2 2 2 2 2 2 2
TOTAL 2 2 2 2 2 2 2
GRAND TOTAL 81 78 77 77 77 77 77
TOWN OF READING
MUNICIPAL LIGHT DEPARTMENT
1a. FIDUCIARY FUND - RETIREMENT TRUST
STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS
FOR PERIOD ENDING DECEMBER 31, 2010
Additions:
Interest and dividend income $ 33,462
Total additions 33,462
Deductions:
Paid to Reading Contributory Retirement System 1,278,695
Total deductions 1,278,695
Net increase (decrease) in net assets (1,245,233)
Net Assets Available for Benefits, Beginning of Year 6.017,679
Net Assets Available for Benefits, 12/31/10 $4,772.447
TOWN OF READING
MUNICIPAL LIGHT DEPARTMENT
FIDUCIARY FUND- RETIREMENT TRUST
STATEMENT OF FIDUCIARY NET ASSETS
FOR PERIOD ENDING DECEMBER 31, 2010
ASSETS
Cash $3,772,447
Investments 1,000,000
TOTAL ASSETS 4,772,447
NET ASSETS
Net assets held in trust for pension benefits $4,772,447
To: Vincent Cameron
From: Energy Services
Date: January 21, 2011
Subject: Purchase Power Summary—December 2010
Energy Services Division (ESD) has completed the Purchase Power Summary for the
month of December, 2010.
ENERGY
The RMLD's total metered load for the month was 61,982,788 kWhs, which was an
decrease of 0.32 % compared to December, 2009 figures.
Table 1 is a breakdown by source of the energy purchases.
TABLE 1
Amount of Cost of %of Total Total$ $as a
Resource Energy Energy Energy Costs %
(kWh) ($/Mwh)
Millstone#3 3,709,121 $5.54 5.98% $20,550 0.57%
Seabrook 5,887,653 $8.87 9.49% $52,206 1.46%
Stonybrook 1,887,152 $95.58 3.04% $180,376 5.03%
Constellation 14,880,000 $66.60 23.98% $990,934 27.66%
PASNY 1,831,616 $4.92 2.95% $9,012 0.25%
ISO Interchange 11,818,544 $66.28 19.05% $784,092 21.88%
NEMA Congestion 0 $0.00 0.00% -$110,678 -3.09%
Coop Resales 62,676 $132.02 0.10% $8,274 0.23%
Stonybrook Peaking 32,554 $171.66 0.05% $5,588 0.16%
MacQuarie 21,504,000 $73.76 34.66% $1,586,087 44.27%
Braintree Watson Unit 432,073 $130.43 0.70% $56,354 1.57%
Monthly Total 62,045,389 $57.74 100.00% $3,582,794 100.00%
Attachment 3
Table 2
Amount Cost % of Total
Resource of Energy of Energy Energy
(kWh) ($/Mwh)
ISO DA LMP 10,485,187 68.52 16.90%
Settlement
RT Net Energy 1,333,357 48.73 2.15%
Settlement
ISO Interchange 11,818,544 66.28 19.05%
(subtotal)
Table 2 breaks down the ISO interchange between the DA LMP Settlement and the
RT Net Energy for month of December, 2010.
CAPACITY
The RMLD hit a demand of 113,519 kWs, which occurred on December 20, 2010 at 7
pm. The RMLD's monthly UCAP requirement for December 2010 was 205,265 kWs.
Table 3 shows the sources of capacity that the RMLD utilized to meet its requirement.
Table 3
Source Amount(kWs) Cost($/kW-month) Total Cost$ %of Total Cost
Millstone#3 4,991 $61.50 $306,950 20.26%
Seabrook 7,902 $56.57 $447,032 29.51%
Stonybrook Peaking 24,981 $1.98 $49,393 3.26%
Stonybrook CC 42,925 $3.29 $141,135 9.32%
Pasny 0 $2.96 $11,896 0.79%
HQICC 0 0 $25,312 1.67%
ISO-NE Supply Auction 113,946 $3.71 $422,208 27.87%
Braintree Watson Unit 10,520 $10.54 $110,853 7.32%
Total 205,265 $7.38 $1,514,780 100.00%
Table 4
Resource Energy Capacity Total cost %of Total Cost
Millstone#3 $20,550 $306,950 $327,501 6.42%
Seabrook $52,206 $447,032 $499,238 9.79%
Stonybrook $180,376 $141,135 $321,511 6.31%
HQ II $0 $25,312 $25,312 0.50%
Constellation $990,934 $0 $990,934 19.44%
PASNY $9,012 $11,896 $20,907 0.41%
ISO Interchange $784,092 $422,208 $1.206,300 23.66%
Nema Congestion -$110,678 $0 -$110,678 -2.17%
Coop Resales $8,274 $0 $8,274 0.16%
Stonybrook Peaking $5,588 $49,393 $54,981 1.08%
Integrys $1,061,377 $0 $1,061,377 20.82%
MacQuarie $524,710 $0 $524,710 10.29%
Braintree Watson Unit $56,354 $110,853 $167,207 3.28%
Monthly Total $3,582,794 $1,514,780 $5,097,574 100.00%
Table 4 shows the total dollar amounts for energy and capacity per source.
TRANSMISSION
The RMLD's total transmission costs for the month of December, 2010 are $626,014.
This is a 3% increase from the November 2010 cost of$607,780. In 2009, the
transmission costs for the month of December, 2009 were $566,539.
Table 5
Current Month Last Month Last Year
Peak Demand(kW) 113,519 102,956 112,865
Energy(kWh) 62,045,389 55,749,482 62,237,327
Energy($) $3,582,794 $2,717,341 $3,964,454
Capacity($) $1,514,780 $1,537,842 $1,767,622
Transmission($) $626,014 $607,780 $566,539
Total $5,723,588 $4,862,963 $6,298,615
Table 5 shows the current month vs. last month and last year (December, 2009).
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READING MUNICIPAL LIGHT DEPARTMENT
FY 11 CAPITAL BUDGET VARIANCE REPORT
FOR PERIOD ENDING DECEMBER 31,2010
ACTUAL YTD ACTUAL ANNUAL
COST COST BUDGET
# PROJECT DESCRIPTION TOWN DECEMBER THRU 12/31/10 AMOUNT VARIANCE
E&O Construction-System Proiects
1 4W14 Reconductoring-West Street W 234,470 234,470
2 4W14 Extension-Woburn Street W 157,958 157,958
" 3 Station#4 Getaway 4W17 Replacements(FY10 Budget) R 157,877 169,928 12,051
4 Boutwell Street W 40,435 46,646 125,955 79,309
5 Chestnut Street W 171,933 171,933
6 Haverhill Street-Reconductoring(FY10 Budget) R 101,076 100,534 (542)
7 URD Completions-Perkins Farm-Lynnfield NR,L 1,176 40,794 72,484 31,690
and Chestnut Village, North Reading(FY10 Budget)
" 8 Salem St.to Glen Rd. 13kV Feeder Tie(FY10 Budget) W 11,531 11,334 (197)
22 Wilmington-Main Street(FY10 Budget) W 30,834 34,975 4,141
33 4W4 Reconductoring(formerly Project 3) W 103,315 103,315
36 3W8 Salem Street&Baystate Road(formerly Project 6) R 18,583 29,550 207,439 177,889
37 Elm Street(Formerly Project 7) NR 50,385 117,585 132,011 14,426
Station Upgrades
Station#4
38 115kV Insulator Replacement (formerly Project 8) R 16,500 17,608 144,323 126,715
9 115kV Disconnect Replacement R 87,975 87,975
11 Transformer Replacement
Part 1 -Contractual Labor R 154,655 545,500 390,845
Part 2-Procured Equipment R 369 7,162 30,000 22,838
Part 3-RMLD Labor R 5,342 93,026 64,324 (28,702)
Part 4-Feeder Re-Assignment R 1,128 41,452 236,034 194,582
Station#5
23 15kV Circuit Breaker Replacement(Carryover FY10 Bud) W 125,552 158,731 33,179
New Customer Service Connections
12 Service Installations-Commercial/industrial Customers ALL 18,792 30,721 55,055 24,334
13 Service Installations O/H&U/G-Residential Customers ALL 15,931 99,042 200,345 101,303
14 Routine Construction
Various Routine Construction ALL 67,826 610,029 982,565 372,536
Total Construction Projects 236,467 1,715,139 4,027,188 2,312,049
Other Projects
15 GIS 12,125 20,000 7,875
16 Transformers/Capacitors Annual Purchases 164,235 204,733 190,167 (14,566)
17 Meter Annual Purchases 194,381 220,861 765,875 545,014
18 Purchase Two New Small Vehicles 64,000 64,000
19 Replace Line Department Vehicles 360,000 360,000
20 Purchase Pole Trailer 974 2,151 15,000 12,849
21 Upgrade Lighting Stockroom and Meter Room 3,798 22,400 18,602
24 Enlarge Parking Area and Construct Island 10,775 10,775
27 Hardware Upgrades 1,410 33,700 32,290
28 Software and Licensing 3,110 96,476 93,366
Total Other Projects 359,590 448,188 1,578,393 1,130,206
TOTAL RMLD CAPITAL PROJECT EXPENDITURES 596,057 2,163,327 5,605,581 3,442,255
29 Force Account/Reimbursable Projects ALL - - _ -
TOTAL FY 11 CAPITAL PROJECT EXPENDITURES 596,057 2,163,327 5,605,581 3,442,255
completed projects
Reading Municipal Light Department
Engineering and Operations
Monthly Report
December, 2010
FY 2011 Capital Plan
E&O Construction — System Projects
1. 4W14 Reconductoring — West Street — Wilmington — No activity.
2. 4W14 Extension — Woburn Street - Wilmington — No activity.
3. Station #4 Getaway 4W17 Replacements — Reading (FY10 Budget) — Complete
4. Boutwell Street — Wilmington — Pole Framing and guy wire installation; pulled in
and clipped in messenger; hung tri-blocks; pulled in spider rope; transfers; and cable
pull.
5. Chestnut Street — Wilmington — No activity.
6. Haverhill Street — Reading — Reconductoring - (FY10 Budget) — Project complete.
7. URD Completions — Parker, North Reading — Racked in cable in manhole and
installed stress cone.
8. Salem Street to Glen Road 13 kV Feeder Tie — Wilmington — (FY10 Budget) —
Complete.
22. Wilmington — Main Street (FY 10 Budget) — Complete.
33. 4W4 Reconductoring — Wilmington — No activity.
36. 3W8 Salem & Bay State Road — Reading —Assisted Verizon with pole replacement;
transfers; framing; built riser; make ready work for spacer cable; install guy;
engineering labor; police details.
37. Elm Street — North Reading — Pull and clip in spacer cable; install spacers; install
"P"line and tri rollers; transfers;place phases onto corner brackets; and prep taps for
energizing new cable; police details.
Substation Upgrade Projects
38. 115kV Insulator Replacement — Station 4 — Reading — Insulators were purchased.
9. 115kV Disconnect Replacement — Station 4 — Reading — No activity.
1
11. Transformer Replacement — Station 4 - Reading
Part 1 — Contractual Labor — No activity.
Part 2 — Procured Equipment — Miscellaneous items.
Part 3 — RMLD Labor — Firewall and sound wall completion and alarms for the oil and
water separator.
Part 4 — Feeder Re-Assignment — Installed stress cones on new 4W24; installed
grounding on neutrals; insulated bus connections.
23. 15kV Circuit Breaker Replacement — No activity.
New Customer Service Connections
12. Service Installations — CommerciaOndustria/ Customers— This item includes new
service connections, upgrades, and service replacements for the commercial and
industrial customers. This represents the time and materials associated with the
replacement of an existing or installation of a new overhead service, the connection of
an underground service, etc. This does not include the time and materials associated
with pole replacements/installations, transformer replacement/installations, primary or
secondary cable replacement/installations etc. This portion of the project comes under
routine construction. New commercial services in December include 50 Concord
Street, Wilmington and 1 Church Street, Wilmington.
13. Service Installations — Residential Customers — This item includes new or upgraded
overhead and underground services, temporary overhead services, and large
underground development.
14. Routine Construction — The drivers of the Routine Construction budget category
YTD are listed. This is not an inclusive list of all items within this category.
Pole Setting/Transfers $143,620
Maintenance Overhead/Underground $196,392
Projects Assigned as Required $30,684
Pole Damage includes knockdowns some reimbursable $28,470
Station Group $9,709
Hazmat/Oil Spills $0
Porcelain Cutout Replacement Program $19,884
Lighting (Street Light Connections) $22,361
Storm Trouble $7,906
Underground Subdivisions $40,481
Miscellaneous Capital Costs $110,522
TOTAL $610,029
*In the month of December, four cutouts were charged under this program.
Approximately 19 cutouts were installed new or replaced because of damage
making a total of 23 cutouts replaced this month.
2
Reliability Report
Two key industry standard metrics have been identified to enable the RMLD to measure and
track system reliability. A rolling 12-month view is being used for the purposes of this report.
Customer Average Interruption Duration Index (CAIDI) — Measures how quickly the
RMLD restores power to customers when their power goes out.
CAIDI = Total of Customer Interruption Duration for the Month in Minutes/ Total
number of customers interrupted.
RMLD 12 month system average outage duration — 46.26 minutes
RMLD 4 year average outage (2006-2009) — 50.98 minutes per outage
On average, RMLD customers that experience an outage are restored in 46.26 minutes.
70.00 60.54 66.05 63.38
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RMLD 12 month system a\,erage outage duration 46.26
4 year average outage duration 50.98 (2006-2009)
3
System Average interruption Frequency (SAIFI) — Measures how many outages each
customer experiences per year on average.
SAIFI = Total number of customer's interrupted /Total number of customers.
RMLD 12 month system average - .72 outages per year
RMLD 4 year average outage frequency - .82
The graph below tracks the month-by-month SAIFI performance.
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--- RMLD 12 month system average outage frequency .72
RMLD 4 year average outage frequency.82 (2006-2009)
Months Between Interruptions (MBTI)
Another view of the SAIFI data is the number of months Reading customers have no
interruptions. At this time, the average RMLD customer experiences an outage every
16.67 months.
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