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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of March 31,2018-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 36,781,658
<br /> Restricted cash and cash equivalents 11,093,907
<br /> Accrued interest receivable 250,211
<br /> Power sales and other receivables 8,711,353
<br /> Fuel inventory 965,934
<br /> Plant inventory-spares 2,817,248
<br /> Prepaid expenses 1,232,283
<br /> Total current assets 61,852,594
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Electric generation assets 426,697,990
<br /> Land 7,066,719
<br /> Less accumulated depreciation (116,907,876)
<br /> Property and equipment,net 316,856,833
<br /> Construction in progress 2,001,966
<br /> Total capital assets,net 318,858,799
<br /> Restricted cash,cash equivalents,and investments 20,023,214
<br /> Prepaid expenses 937,727
<br /> Future recoverable costs 46,219,122
<br /> Total noncurrent assets 386,038,862
<br /> Total assets 447,891,456
<br /> Deferred Outflows
<br /> Deferred outflows of resources 2,004,222
<br /> Total assets and deferred outflows of resources $ 449,895,678
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $ 8,098,156
<br /> Accrued interest payable 6,132,242
<br /> Long-term debt due within one year 9,923,333
<br /> Capital lease liability due within one year 986,187
<br /> Derivative instruments-futures 409,970
<br /> Total current liabilities 25,549,888
<br /> Long-term debt,net 274,513,603
<br /> Capital lease liability 17,769,333
<br /> Derivative instruments-futures 180,170
<br /> Total noncurrent liabilities 292,463,106
<br /> Total liabilities 318,012,994
<br /> Deferred Inflows
<br /> Deferred inflows of resources-rate stabilization 33,071,000
<br /> Deferred inflows of resources-other 15,944,903
<br /> Total liabilities and deferred inflows of resources 367,028,897
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 42,678,645
<br /> Restricted for debt service 11,093,907
<br /> Unrestricted 29,094,229
<br /> Total net position 82,866,781
<br /> Total liabilities and deferred inflows of resources and net position $ 449,895,678
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