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Minnesota Municipal Power Agency
<br /> Statement of Net Position
<br /> As of September 30,2019-Unaudited
<br /> Assets
<br /> Current assets:
<br /> Cash and cash equivalents $ 37,985,886
<br /> Restricted cash and cash equivalents 16,277,641
<br /> Accrued interest receivable 757,191
<br /> Power sales and other receivables 13,449,063
<br /> Fuel inventory 1,216,569
<br /> Plant inventory-spares 3,339,902
<br /> Prepaid expenses 889,120
<br /> Total current assets 73,915,372
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Electric generation assets 428,093,852
<br /> Land 7,066,719
<br /> Less accumulated depreciation (138,562,900)
<br /> Property and equipment,net 296,597,671
<br /> Construction in progress 512,173
<br /> Total capital assets,net 297,109,844
<br /> Investments 40,368,791
<br /> Restricted cash,cash equivalents,and investments 19,117,321
<br /> Prepaid expenses 518,353
<br /> Future recoverable costs 50,555,516
<br /> Total noncurrent assets 407,669,825
<br /> Total assets 481,585,197
<br /> Deferred Outflows
<br /> Deferred outflows of resources 1,637,217
<br /> Total assets and deferred outflows of resources $ 483,222,414
<br /> Liabilities
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable and accrued liabilities $ 9,490,227
<br /> Accrued interest payable 5,909,308
<br /> Long-term debt due within one year 10,368,333
<br /> Capital lease liability due within one year 1,075,805
<br /> Derivative instruments-futures 354,830
<br /> Total current liabilities 27,198,503
<br /> Long-term debt,net 262,446,396
<br /> Capital lease liability 16,178,571
<br /> Derivative instruments-futures 3,530
<br /> Total noncurrent liabilities 278,628,497
<br /> Total liabilities 305,827,000
<br /> Deferred Inflows
<br /> Deferred inflows of resources:
<br /> Rate stabilization 33,071,000
<br /> Other 8,265,500
<br /> Total liabilities and deferred inflows of resources 347,163,500
<br /> Net Position
<br /> Net position:
<br /> Net investment in capital assets 33,007,694
<br /> Restricted for debt service 16,277,641
<br /> Unrestricted 86,773,579
<br /> Total net position 136,058,914
<br /> Total liabilities and deferred inflows of resources and net position $ 483,222,414
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