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Minnesota Municipal Power Agency <br /> Statements of Revenues, Expenses and Changes in Net Position <br /> YTD September 30, 2015- Unaudited <br /> Operating revenues—power sales to members $ 81,392,296 <br /> Operating revenues—power sales to non-members 308,290 <br /> Total operating revenues 81,700,586 <br /> Operating expenses: <br /> Power acquisition expense 32,937,431 <br /> Transmission 8,711,435 <br /> Other operating expenses 17,519,171 <br /> Depreciation 8,853,235 <br /> Total operating expenses 68,021,272 <br /> Operating income(loss) 13,679,314 <br /> Nonoperating revenues(expenses): <br /> Amortization of premium on long-term debt,net 590,490 <br /> Interest expense (10,401,387) <br /> Investment income 1,100,706 <br /> Net change in the fair value of investments (336,805) <br /> Total nonoperating revenues(expenses),net (9,046,996) <br /> Change in net position before future recoverable costs 4,632,318 <br /> Future recoverable costs 3,396,672 <br /> Change in net position 8,028,990 <br /> Total net position,beginning of year 48,644,595 <br /> Total net position, September 30,2015 $ 56,673,585 <br /> 88 <br />