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Minnesota Municipal Power Agency <br /> Statements of Revenues, Expenses and Changes in Net Position <br /> YTD March 31, 2016- Unaudited <br /> Operating revenues—power sales to members $ 24,578,536 <br /> Operating revenues—power sales to non-members 194,514 <br /> Total operating revenues 24,773,050 <br /> Operating expenses: <br /> Power acquisition expense 10,539,597 <br /> Transmission 4,297,534 <br /> Other operating expenses 5,303,634 <br /> Depreciation 2,983,078 <br /> Total operating expenses 23,123,843 <br /> Operating income(loss) 1,649,207 <br /> Nonoperating revenues(expenses): <br /> Amortization of premium on long-term debt,net 191,656 <br /> Interest expense (3,138,499) <br /> Investment income 220,169 <br /> Net change in the fair value of investments 542,552 <br /> Total nonoperating revenues(expenses),net (2,184,122) <br /> Change in net position before future recoverable costs (534,915) <br /> Future recoverable costs 363,983 <br /> Change in net position (170,932) <br /> Total net position,beginning of year 58,109,379 <br /> Total net position,March 31,2016 $ 57,938,447 <br /> 316 <br />