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Minnesota Municipal Power Agency <br />Statements of Revenues, Expenses and Changes in Net Position <br />YTD September 30, 2021 - Unaudited <br />Operating Revenues <br />Power sales to members$123,126,224 <br />Power sales to non-members1,046,557 <br />Total operating revenues124,172,781 <br />Operating Expenses <br />Power acquisition expense48,726,428 <br />Transmission19,222,632 <br />Other operating expenses21,494,831 <br />Depreciation11,901,216 <br />Total operating expenses101,345,107 <br />Operating income (loss)22,827,674 <br />Nonoperating Revenues (Expenses) <br />Interest expense(5,585,463) <br />Investment income312,244 <br />Net (decrease) increase in the fair value of investments(213,321) <br />Other63,000 <br />Total nonoperating revenues (expenses), net(5,423,540) <br />Change in net position before future recoverable costs17,404,134 <br />Future Recoverable Costs(5,798,209) <br />Change in net position11,605,925 <br />Net Position, Beginning of Year 171,146,786 <br />Net Position, September 30, 2021$182,752,711 <br />103 <br />