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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of September 30,2016-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 46,905,760
<br /> Restricted cash and cash equivalents 14,592,420
<br /> Short-term investments 1,000,000
<br /> Accrued interest receivable 262,613
<br /> Power sales receivables 9,764,163
<br /> Other receivable
<br /> Fuel inventory 1,622,046
<br /> Plant inventory-spares 2,241,751
<br /> Prepaid expenses 801,553
<br /> Total current assets 77,190,306
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Equipment 1,192,857
<br /> Capital lease asset 29,080,531
<br /> Land 7,066,439
<br /> Electric plant 312,302,978
<br /> Rotable combustion turbine parts 9,844,205
<br /> Less accumulated depreciation (96,396,162)
<br /> Property and equipment,net 263,090,848
<br /> Construction in progress 44,862,661
<br /> Total capital assets,net 307,953,509
<br /> Investments —
<br /> Restricted cash and cash equivalents 39,708,053
<br /> Restricted investments 20,808,972
<br /> Prepaid expenses 621,908
<br /> Future recoverable costs 39,138,694
<br /> Total noncurrent assets 408,231,136
<br /> Total assets 485,421,442
<br /> Deferred Outflows
<br /> Deferred outflows of resources 1,392,117
<br /> Total assets and deferred outflows of resources $ 486,813,559
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $ 16,726,206
<br /> Retainage payable 987,674
<br /> Accrued interest payable 5,879,118
<br /> Long-term debt due within one year 8,713,333
<br /> Capital lease liability due within one year 904,034
<br /> Derivative instruments-futures (157,190)
<br /> Total current liabilities 33,053,175
<br /> Long-term debt,net 316,757,457
<br /> Capital lease liability 19,227,579
<br /> Derivative instruments-futures
<br /> Total noncurrent liabilities 335,985,036
<br /> Total liabilities 369,038,211
<br /> Deferred Inflows
<br /> Deferred inflows of resources-rate stabilization 33,071,000
<br /> Deferred inflows of resources-other 18,113,903
<br /> Total liabilities and deferred inflows of resources 420,223,114
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 29,882,757
<br /> Restricted for debt service 14,592,420
<br /> Unrestricted 22,115,268
<br /> Total net position 66,590,445
<br /> Total liabilities and deferred inflows of resources and net position $ 486,813,559
<br /> 134
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