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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of September 30,2017-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 36,572,893
<br /> Restricted cash and cash equivalents 37,564,301
<br /> Accrued interest receivable 252,999
<br /> Power sales and other receivables 11,169,080
<br /> Fuel inventory 1,420,834
<br /> Plant inventory-spares 2,507,672
<br /> Prepaid expenses 815,479
<br /> Total current assets 90,303,258
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Electric generation assets 424,894,790
<br /> Land 7,066,719
<br /> Less accumulated depreciation (109,715,568)
<br /> Property and equipment,net 322,245,941
<br /> Construction in progress 2,073,760
<br /> Total capital assets,net 324,319,701
<br /> Restricted cash,cash equivalents,and investments 20,783,513
<br /> Prepaid expenses 777,088
<br /> Derivative instruments-futures 46,570
<br /> Future recoverable costs 44,008,042
<br /> Total noncurrent assets 389,934,914
<br /> Total assets 480,238,172
<br /> Deferred Outflows
<br /> Deferred outflows of resources 1,742,687
<br /> Total assets and deferred outflows of resources $ 481,980,859
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $ 10,317,998
<br /> Accrued interest payable 6,880,969
<br /> Long-term debt due within one year 9,113,333
<br /> Capital lease liability due within one year 958,005
<br /> Derivative instruments-futures 330,100
<br /> Total current liabilities 27,600,405
<br /> Long-term debt,net 306,514,456
<br /> Capital lease liability 18,269,574
<br /> Total noncurrent liabilities 324,784,030
<br /> Total liabilities 352,384,435
<br /> Deferred Inflows
<br /> Deferred inflows of resources-rate stabilization 33,071,000
<br /> Deferred inflows of resources-other 17,514,238
<br /> Total liabilities and deferred inflows of resources 402,969,673
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 17,255,095
<br /> Restricted for debt service 37,564,301
<br /> Unrestricted 24,191,790
<br /> Total net position 79,011,186
<br /> Total liabilities and deferred inflows of resources and net position $ 481,980,859
<br /> 147
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