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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of June 30,2017-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 47,541,354
<br /> Restricted cash and cash equivalents 10,875,082
<br /> Short-term investments 1,000,000
<br /> Accrued interest receivable 172,651
<br /> Power sales and other receivables 11,368,900
<br /> Fuel inventory 1,229,417
<br /> Plant inventory-spares 2,454,248
<br /> Prepaid expenses 1,312,136
<br /> Derivative instruments-futures —
<br /> Total current assets 75,953,788
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Electric generation assets 423,519,460
<br /> Land 7,066,719
<br /> Less accumulated depreciation (106,131,592)
<br /> Property and equipment,net 324,454,587
<br /> Construction in progress 3,010,674
<br /> Total capital assets,net 327,465,261
<br /> Investments —
<br /> Restricted cash,cash equivalents,and investments 25,580,173
<br /> Prepaid expenses 610,759
<br /> Future recoverable costs 42,793,038
<br /> Total noncurrent assets 396,449,231
<br /> Total assets 472,403,019
<br /> Deferred Outflows
<br /> Deferred outflows of resources 2,054,684
<br /> Total assets and deferred outflows of resources $ 474,457,703
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $• 12,470,329
<br /> Accrued interest payable 3,440,485
<br /> Long-term debt due within one year 9,113,333
<br /> Capital lease liability due within one year 944,218
<br /> Derivative instruments-futures 340,020
<br /> Total current liabilities 26,308,385
<br /> Long-term debt,net 306,796,873
<br /> Capital lease liability 18,514,308
<br /> Derivative instruments-futures 232,970
<br /> Total noncurrent liabilities 325,544,151
<br /> Total liabilities 351,852,536
<br /> Deferred Inflows
<br /> Deferred inflows of resources-rate stabilization 33,071,000
<br /> Deferred inflows of resources-other 18,262,172
<br /> Total liabilities and deferred inflows of resources 403,185,708
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 24,687,950
<br /> Restricted for debt service 10,875,082
<br /> Unrestricted 35,708,963
<br /> Total net position 71,271,995
<br /> Total liabilities and deferred inflows of resources and net position $ 474,457,703
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