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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of September 30,2015-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 20,462,569
<br /> Restricted cash and cash equivalents 28,967,120
<br /> Short-term investments 2,507,745
<br /> Accrued interest receivable 258,779
<br /> Power sales receivables 10,529,299
<br /> Other receivable 552,567
<br /> Fuel inventory 1,365,815
<br /> Plant inventory-spares 2,006,615
<br /> Prepaid expenses 787,482
<br /> Total current assets 67,437,991
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Equipment 1,189,663
<br /> Capital lease asset 29,080,531
<br /> Land 6,091,062
<br /> Electric plant 311,393,425
<br /> Rotable combustion turbine parts 9,844,205
<br /> Less accumulated depreciation (84,465,247)
<br /> Property and equipment,net 273,133,639
<br /> Construction in progress 6,574,164
<br /> Total capital assets,net 279,707,803
<br /> Investments 1,000,000
<br /> Restricted cash and cash equivalents 460,415
<br /> Restricted investments 19,952,880
<br /> Prepaid expenses 538,214
<br /> Future recoverable costs 36,049,065
<br /> Total noncurrent assets 337,708,377
<br /> Total assets 405,146,368
<br /> Deferred Outflows
<br /> Deferred outflows of resources 1,639,457
<br /> Total assets and deferred outflows of resources $ 406,785,825
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $ 10,098,497
<br /> Retainage payable 159,814
<br /> Accrued interest payable 6,308,327
<br /> Long-term debt due within one yeas 8,813,334
<br /> Capital lease liability due within one year 853,104
<br /> Derivative instruments-futures —
<br /> Total current liabilities 26,233,076
<br /> Long-term debt,net 266,066,967
<br /> Capital lease liability 20,131,614
<br /> Total noncurrent liabilities 286,198,581
<br /> Total liabilities 312,431,657
<br /> Deferred Inflows
<br /> Deferred inflows of resources-rate stabilization 30,450,000
<br /> Deferred inflows of resources-other 7,230,583
<br /> Total liabilities and deferred inflows of resources 350,112,240
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 11,029,928
<br /> Restricted for debt service 28,967,120
<br /> Unrestricted 16,676,537
<br /> Total net position 56,673,585
<br /> Total liabilities and deferred inflows of resources and net position $ 406,785,825
<br /> 87
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