Laserfiche WebLink
Minnesota Municipal Power Agency <br /> Statements of Revenues,Expenses and Changes in Net Position <br /> YTD September 30, 2018 -Unaudited <br /> Operating revenues—power sales to members $ 92,728,219 <br /> Operating revenues—power sales to non-members 1,105,543 <br /> Total operating revenues 93,833,762 <br /> Operating expenses: <br /> Power acquisition expense 34,191,649 <br /> Transmission 14,138,873 <br /> Other operating expenses 20,007,386 <br /> Depreciation 10,804,083 <br /> Total operating expenses 79,141,991 <br /> Operating income(loss) 14,691,771 <br /> Nonoperating revenues(expenses): <br /> Amortization of premium on long-term debt,net 849,437 <br /> Interest expense (10,080,069) <br /> Investment income 1,160,221 <br /> Loss on disposition of property (660,452) <br /> Loss on bond investment redemption (41,745) <br /> Net change in the fair value of investments (556,136) <br /> Total nonoperating revenues(expenses),net (9,328,744) <br /> Change in net position before future recoverable costs 5,363,027 <br /> Future recoverable costs 3,485,340 <br /> Change in net position 8,848,367 <br /> Total net position,beginning of year 82,388,629 <br /> Total net position, September 30,2018 $ 91,236,996 <br /> 130 <br />