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Minnesota Municipal Power Agency <br /> Statements of Revenues, Expenses and Changes in Net Position <br /> YTD September 30, 2017 -Unaudited <br /> Operating revenues—power sales to members $ 85,162,072 <br /> Operating revenues—power sales to non-members 985,519 <br /> Total operating revenues 86,147,591 <br /> Operating expenses: <br /> Power acquisition expense 28,487,795 <br /> Transmission 13,769,370 <br /> Other operating expenses 17,631,964 <br /> Depreciation 10,331,460 <br /> Total operating expenses 70,220,589 <br /> Operating income (loss) 15,927,002 <br /> Nonoperating revenues(expenses): <br /> Amortization of premium on long-term debt, net 847,251 <br /> Interest expense (10,766,745) <br /> Investment income 918,058 <br /> Loss on disposition of property (917,155) <br /> Net change in the fair value of investments (16,796) <br /> Gain on sale of investments 144,273 <br /> Total nonoperating revenues(expenses), net (9,791,114) <br /> Change in net position before future recoverable costs 6,135,888 <br /> Future recoverable costs 3,079,769 <br /> Change in net position 9,215,657 <br /> Total net position,beginning of year 69,795,529 <br /> Total net position, September 30, 2017 $ 79,011,186 <br /> 148 <br />