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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of September 30,2018-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 59,673,529
<br /> Restricted cash and cash equivalents 16,055,575
<br /> Accrued interest receivable 260,676
<br /> Power sales and other receivables 10,598,384
<br /> Fuel inventory 1,087,054
<br /> Plant inventory-spares 2,936,278
<br /> Prepaid expenses 952,682
<br /> Total current assets 91,564,178
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Electric generation assets 426,837,917
<br /> Land 7,066,719
<br /> Less accumulated depreciation (124,108,913)
<br /> Property and equipment,net 309,795,723
<br /> Construction in progress 1,604,761
<br /> Total capital assets,net 311,400,484
<br /> Restricted cash,cash equivalents,and investments 19,670,206
<br /> Prepaid expenses 556,634
<br /> Future recoverable costs 48,526,377
<br /> Total noncurrent assets 380,153,701
<br /> Total assets 471,717,879
<br /> Deferred Outflows
<br /> Deferred outflows of resources 1,689,407
<br /> Total assets and deferred outflows of resources $ 473,407,286
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $ 9,340,756
<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 1,015,198
<br /> Derivative instruments-futures 299,840
<br /> Total current liabilities 26,711,369
<br /> Long-term debt,net 273,947,312
<br /> Capital lease liability 17,254,376
<br /> Derivative instruments-futures 20,560
<br /> Total noncurrent liabilities 291,222,248
<br /> Total liabilities 317,933,617
<br /> Deferred Inflows
<br /> Deferred inflows of resources-rate stabilization 33,071,000
<br /> Deferred inflows of resources-other 31,165,673
<br /> Total liabilities and deferred inflows of resources 382,170,290
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 35,887,509
<br /> Restricted for debt service 16,055,575
<br /> Unrestricted 39,293,912
<br /> Total net position 91,236,996
<br /> Total liabilities and deferred inflows of resources and net position $ 473,407,286
<br /> 129
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