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Minnesota Municipal Power Agency
<br />Statement of Net Position
<br />As of March 31, 2022 - Unaudited
<br />Assets and Deferred Outflows of Resources
<br />Current Assets
<br />Cash and cash equivalents$74,341,512
<br />Restricted cash and cash equivalents7,923,605
<br />Accrued interest receivable 154,867
<br />Power sales and other receivables13,336,981
<br />y841,183
<br />Fuel inventor
<br />Plant inventory - spares3,758,127
<br />Prepaid expenses1,021,590
<br />Total current assets101,377,865
<br />Noncurrent Assets
<br />Capital assets
<br />Electric generation assets433,155,233
<br />Land10,224,648
<br />n(176,565,679)
<br />Less: accumulated depreciatio
<br />Property and equipment, net266,814,202
<br />Construction in progress1,150,845
<br />Total capital assets, net267,965,047
<br />Restricted cash, cash equivalents, and investments10,647,210
<br />Prepaid expenses522,057
<br />Future recoverable costs45,755,265
<br />Total noncurrent assets324,889,579
<br />Total assets426,267,444
<br />Deferred Outflows of Resources
<br />Deferred outflows of resources - other1,053,482
<br />Total assets and deferred outflows of resources$427,320,926
<br />Liabilities, Deferred Inflows of Resources and Net Position
<br />Current Liabilities
<br />Accounts payable and accrued liabilities$8,256,366
<br />Accrued interest payable3,616,940
<br />r8,613,333
<br />Long-term debt due within one yea
<br />Capital lease liability due within one year1,292,850
<br />Total current liabilities21,779,489
<br />Noncurrent Liabilities
<br />Long-term debt, net167,200,934
<br />t13,650,544
<br />Capital lease liability, ne
<br />Total noncurrent liabilities180,851,478
<br />Total liabilities202,630,967
<br />Deferred Inflows of Resources
<br />Rate stabilization28,671,000
<br />Other12,968,320
<br />Total liabilities and deferred inflows of resources244,270,287
<br />Net Position
<br />Net investment in capital assets89,042,701
<br />Restricted for debt service7,923,605
<br />Unrestricted86,084,333
<br />Total net position183,050,639
<br />Total liabilities and deferred inflows of resources and net position$427,320,926
<br />157
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