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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of June 30,2016-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 7,708,294
<br /> Restricted cash and cash equivalents 9,350,076
<br /> Short-term investments 1,000,000
<br /> Accrued interest receivable 170,675
<br /> Power sales receivables 10,686,329
<br /> Other receivable —
<br /> Fuel inventory 1,204,612
<br /> Plant inventory-spares 2,177,270
<br /> Prepaid expenses 1,143,719
<br /> Total current assets 33,440,975
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Equipment 1,192,857
<br /> Capital lease asset 29,080,531
<br /> Land 7,066,131
<br /> Electric plant 311,975,372
<br /> Rotable combustion turbine parts 9,844,205
<br /> Less accumulated depreciation (93,412,098)
<br /> Property and equipment,net 265,746,998
<br /> Construction in progress 24,192,685
<br /> Total capital assets,net 289,939,683
<br /> Investments 1,000,000
<br /> Restricted cash and cash equivalents 414,086
<br /> Restricted investments 20,865,477
<br /> Prepaid expenses 515,186
<br /> Future recoverable costs 38,001,261
<br /> Total noncurrent assets 350,735,693
<br /> Total assets 384,176,668
<br /> Deferred Outflows
<br /> Deferred outflows of resources 1,097,044
<br /> Total assets and deferred outflows of resources $ 385,273,712
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $ 10,027,210
<br /> Retainage payable 383,037
<br /> Accrued interest payable 2,815,077
<br /> Long-term debt due within one year 8,713,333
<br /> Capital lease liability due within one year 891,023
<br /> Derivative instruments-futures (382,740)
<br /> Total current liabilities 22,446,940
<br /> Long-term debt,net 242,379,731
<br /> Capital lease liability 19,458,526
<br /> Derivative instruments-futures (92,060)
<br /> Total noncurrent liabilities 261,746,197
<br /> Total liabilities 284,193,137
<br /> Deferred Inflows
<br /> Deferred inflows of resources-rate stabilization 33,071,000
<br /> Deferred inflows of resources-other 8,379,944
<br /> Total liabilities and deferred inflows of resources 325,644,081
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 46,600,259
<br /> Restricted for debt service 9,350,076
<br /> Unrestricted 3,679,296
<br /> Total net position 59,629,631
<br /> Total liabilities and deferred inflows of resources and net position $ 385,273,712
<br /> 139
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