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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of March 31,2017-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 45,450,891
<br /> Restricted cash and cash equivalents 11,936,428
<br /> Short-term investments 1,000,000
<br /> Accrued interest receivable 263,036
<br /> Power sales and other receivables 8,416,955
<br /> Fuel inventory 1,389,564
<br /> Plant inventory-spares 2,351,740
<br /> Prepaid expenses 1,242,690
<br /> Derivative instruments-futures 251,250
<br /> Total current assets 72,302,554
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Electric generation assets 421,429,470
<br /> Land 7,066,719
<br /> Less accumulated depreciation (102,560,320)
<br /> Property and equipment,net 325,935,869
<br /> Construction in progress 1,606,479
<br /> Total capital assets,net 327,542,348
<br /> Investments —
<br /> Restricted cash,cash equivalents,and investments 30,982,853
<br /> Prepaid expenses 970,395
<br /> Future recoverable costs 41,846,697
<br /> Total noncurrent assets 401,342,293
<br /> Total assets 473,644,847
<br /> Deferred Outflows
<br /> Deferred outflows of resources 1,252,982
<br /> Total assets and deferred outflows of resources $ 474,897,829
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $ 11,524,295
<br /> Accrued interest payable 7,171,429
<br /> Long-term debt due within one yeas 9,113,333
<br /> Capital lease liability due within one yew 930,629
<br /> Derivative instruments-futures —
<br /> Total current liabilities 28,739,686
<br /> Long-term debt,net 307,079,290
<br /> Capital lease liability 18,755,520
<br /> Total noncurrent liabilities 325,834,810
<br /> Total liabilities 354,574,496
<br /> Deferred Inflows
<br /> Deferred inflows of resources-rate stabilization 33,071,000
<br /> Deferred inflows of resources-other 17,232,257
<br /> Total liabilities and deferred inflows of resources 404,877,753
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 29,658,352
<br /> Restricted for debt service 11,936,428
<br /> Unrestricted 28,425,296
<br /> Total net position 70,020,076
<br /> Total liabilities and deferred inflows of resources and net position $ 474,897,829
<br /> 88
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