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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of March 31,2016-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 18,305,270
<br /> Restricted cash and cash equivalents 9,711,156
<br /> Short-term investments 1,000,000
<br /> Accrued interest receivable 261,761
<br /> Power sales receivables 7,903,489
<br /> Other receivable —
<br /> Fuel inventory 1,262,134
<br /> Plant inventory-spares 2,129,755
<br /> Prepaid expenses 956,295
<br /> Total current assets 41,529,860
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Equipment 1,192,857
<br /> Capital lease asset 29,080,531
<br /> Land 6,125,643
<br /> Electric plant 311,964,412
<br /> Rotable combustion turbine parts 9,844,205
<br /> Less accumulated depreciation (90,429,437)
<br /> Property and equipment,net 267,778,211
<br /> Construction in progress 10,953,741
<br /> Total capital assets,net 278,731,952
<br /> Investments 1,000,000
<br /> Restricted cash and cash equivalents 386,961
<br /> Restricted investments 20,357,047
<br /> Prepaid expenses 522,862
<br /> Future recoverable costs 37,606,627
<br /> Total noncurrent assets 338,605,449
<br /> Total assets 380,135,309
<br /> Deferred Outflows
<br /> Deferred outflows of resources 2,833,022
<br /> Total assets and deferred outflows of resources $ 382,968,331
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $ 6,936,653
<br /> Retainage payable
<br /> Accrued interest payable 5,630,152
<br /> Long-term debt due within one yeas 8,713,333
<br /> Capital lease liability due within one year 878,200
<br /> Derivative instruments-futures 1,238,640
<br /> Total current liabilities 23,396,978
<br /> Long-term debt,net 242,571,386
<br /> Capital lease liability 19,686,149
<br /> Total noncurrent liabilities 262,257,535
<br /> Total liabilities 285,654,513
<br /> i
<br /> Deferred Inflows
<br /> Deferred inflows of resources-rate stabilization 31,760,500
<br /> Deferred inflows of resources-other 7,614,871
<br /> Total liabilities and deferred inflows of resources 325,029,884
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 34,437,003
<br /> Restricted for debt service 9,711,156
<br /> Unrestricted 13,790,288
<br /> Total net position 57,938,447
<br /> Total liabilities and deferred inflows of resources and net position $ 382,968,331
<br /> 315
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