|
Minnesota Municipal Power Agency
<br />Statement of Net Position
<br />As of September 30, 2021 - Unaudited
<br />Assets and Deferred Outflows of Resources
<br />Current Assets
<br />Cash and cash equivalents$65,682,091
<br />Restricted cash and cash equivalents12,062,105
<br />Accrued interest receivable 158,637
<br />Power sales and other receivables14,280,535
<br />y999,468
<br />Fuel inventor
<br />Plant inventory - spares3,875,458
<br />Prepaid expenses772,028
<br />Total current assets97,830,322
<br />Noncurrent Assets
<br />Capital assets
<br />Electric generation assets432,231,897
<br />Land10,223,081
<br />n(168,587,075)
<br />Less: accumulated depreciatio
<br />Property and equipment, net273,867,903
<br />Construction in progress1,108,129
<br />Total capital assets, net274,976,032
<br />Restricted cash, cash equivalents, and investments10,895,463
<br />Prepaid expenses449,316
<br />Future recoverable costs49,385,569
<br />Total noncurrent assets335,706,380
<br />Total assets433,536,702
<br />Deferred Outflows of Resources
<br />Deferred outflows of resources - other1,098,557
<br />Total assets and deferred outflows of resources$434,635,259
<br />Liabilities, Deferred Inflows of Resources and Net Position
<br />Current Liabilities
<br />Accounts payable and accrued liabilities$9,114,375
<br />Accrued interest payable3,793,773
<br />r8,268,333
<br />Long-term debt due within one yea
<br />Capital lease liability due within one year1,256,648
<br />Total current liabilities22,433,129
<br />Noncurrent Liabilities
<br />Long-term debt, net176,387,077
<br />t14,306,149
<br />Capital lease liability, ne
<br />Total noncurrent liabilities190,693,226
<br />Total liabilities213,126,355
<br />Deferred Inflows of Resources
<br />Rate stabilization28,671,000
<br />Other10,085,193
<br />Total liabilities and deferred inflows of resources251,882,548
<br />Net Position
<br />Net investment in capital assets87,050,110
<br />Restricted for debt service12,062,105
<br />Unrestricted83,640,496
<br />Total net position182,752,711
<br />Total liabilities and deferred inflows of resources and net position$434,635,259
<br />102
<br />
|