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Minnesota Municipal Power Agency <br /> Statements of Revenues, Expenses and Changes in Net Position <br /> YTD September 30, 2016- Unaudited <br /> Operating revenues—power sales to members $ 84,958,388 <br /> Operating revenues—power sales to non-members 824,035 <br /> Total operating revenues 85,782,423 <br /> Operating expenses: <br /> Power acquisition expense 30,491,214 <br /> Transmission 15,069,953 <br /> Other operating expenses 17,377,193 <br /> Depreciation 8,949,804 <br /> Total operating expenses 71,888,164 <br /> Operating income(loss) 13,894,259 <br /> Nonoperating revenues(expenses): <br /> Amortization of premium on long-term debt,net 605,221 <br /> Interest expense (9,406,178) <br /> Investment income 677,963 <br /> Net change in the fair value of investments 994,857 <br /> Total nonoperating revenues(expenses), net (7,128,137) <br /> Change in net position before future recoverable costs 6,766,122 <br /> Future recoverable costs 1,714,944 <br /> Change in net position 8,481,066 <br /> Total net position, beginning of year 58,109,379 <br /> Total net position, September 30, 2016 $ 66,590,445 <br /> 135 <br />