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Minnesota Municipal Power Agency <br /> Statements of Revenues, Expenses and Changes in Net Position <br /> YTD June 30, 2016- Unaudited <br /> Operating revenues—power sales to members $ 51,520,479 <br /> Operating revenues—power sales to non-members 398,861 <br /> Total operating revenues 51,919,340 <br /> Operating expenses: <br /> Power acquisition expense 20,344,940 <br /> Transmission 9,073,629 <br /> Other operating expenses 11,386,862 <br /> Depreciation 5,965,739 <br /> Total operating expenses 46,771,170 <br /> Operating income(loss) 5,148,170 <br /> Nonoperating revenues(expenses): <br /> Amortization of premium on long-term debt,net 383,312 <br /> Interest expense (6,273,907) <br /> Investment income 452,698 <br /> Net change in the fair value of investments 1,051,362 <br /> Total nonoperating revenues(expenses),net (4,386,535) <br /> Change in net position before future recoverable costs 761,635 <br /> Future recoverable costs 758,617 <br /> Change in net position 1,520,252 <br /> Total net position,beginning of year 58,109,379 <br /> Total net position,June 30, 2016 $ 59,629,631 <br /> 140 <br />