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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of June 30,2018-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 41,508,209
<br /> Restricted cash and cash equivalents 10,529,971
<br /> Accrued interest receivable 155,730
<br /> Power sales and other receivables 11,948,974
<br /> Fuel inventory 832,838
<br /> Plant inventory-spares 2,814,399
<br /> Prepaid expenses 1,072,345
<br /> Total current assets 68,862,466
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Electric generation assets 426,724,987
<br /> Land 7,066,719
<br /> Less accumulated depreciation (120,508,968)
<br /> Property and equipment,net 313,282,738
<br /> Construction in progress 1,496,379
<br /> Total capital assets,net 314,779,117
<br /> Restricted cash,cash equivalents,and investments 19,705,474
<br /> Prepaid expenses 738,474
<br /> Future recoverable costs 47,421,118
<br /> Total noncurrent assets 382,644,183
<br /> Total assets 451,506,649
<br /> Deferred Outflows
<br /> Deferred outflows of resources 1,687,994
<br /> Total assets and deferred outflows of resources $ 453,194,643
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $ 11,147,653
<br /> Accrued interest payable 3,066,121
<br /> Long-term debt due within one year 9,923,333
<br /> Capital lease liability due within one year 1,000,587
<br /> Derivative instruments-futures 216,540
<br /> Total current liabilities 25,354,234
<br /> Long-term debt,net 274,230,457
<br /> Capital lease liability 17,513,721
<br /> Derivative instruments-futures 79,910
<br /> Total noncurrent liabilities 291,824,088
<br /> Total liabilities 317,178,322
<br /> Deferred Inflows
<br /> Deferred inflows of resources-rate stabilization 33,071,000
<br /> Deferred inflows of resources-other 18,174,818
<br /> Total liabilities and deferred inflows of resources 368,424,140
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 38,791,317
<br /> Restricted for debt service 10,529,971
<br /> Unrestricted 35,449,215
<br /> Total net position 84,770,503
<br /> Total liabilities and deferred inflows of resources and net position $ 453,194,643
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