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Assets and Deferred Outflows of Resources
<br />Current Assets
<br />Cash and cash equivalents $ 53,537,057
<br />Restricted cash and cash equivalents 8,421,575
<br />Accrued interest receivable 79,052
<br />Power sales and other receivables 16,524,255
<br />Fuel inventory 636,700
<br />Plant inventory - spares 3,680,074
<br />Prepaid expenses 868,016
<br />Total current assets 83,746,729
<br />Noncurrent Assets
<br />Capital assets
<br />Electric generation assets 432,191,028
<br />Land 10,214,092
<br />Less: accumulated depreciation (164,612,588)
<br />Property and equipment, net 277,792,532
<br />Construction in progress 799,200
<br />Total capital assets, net 278,591,732
<br />Restricted cash, cash equivalents, and investments 10,935,765
<br />Prepaid expenses 399,016
<br />Future recoverable costs 51,328,634
<br />Total noncurrent assets 341,255,147
<br />Total assets 425,001,876
<br />Deferred Outflows of Resources
<br />Deferred outflows of resources - other 1,121,094
<br />Total assets and deferred outflows of resources $ 426,122,970
<br />Liabilities, Deferred Inflows of Resources and Net Position
<br />Current Liabilities
<br />Accounts payable and accrued liabilities $ 10,530,529
<br />Accrued interest payable 1,896,887
<br />Long-term debt due within one year 8,268,333
<br />Capital lease liability due within one year 1,238,933
<br />Total current liabilities 21,934,682
<br />Noncurrent Liabilities
<br />Long-term debt, net 176,673,482
<br />Capital lease liability, net 14,627,033
<br />Total noncurrent liabilities 191,300,515
<br />Total liabilities 213,235,197
<br />Deferred Inflows of Resources
<br />Rate stabilization 28,671,000
<br />Other 10,028,446
<br />Total liabilities and deferred inflows of resources 251,934,643
<br />Net Position
<br />Net investment in capital assets 90,173,022
<br />Restricted for debt service 8,421,576
<br />Unrestricted 75,593,729
<br />Total net position 174,188,327
<br />Total liabilities and deferred inflows of resources and net position $ 426,122,970
<br />Minnesota Municipal Power Agency
<br />Statement of Net Position
<br />As of June 30, 2021 - Unaudited
<br />89
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