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Minnesota Municipal Power Agency
<br />Statements of Net Position
<br />December 31, 2022 and 2021
<br />Assets and Deferred Outflows of Resources
<br />Current Assets
<br />Cash and cash equivalents
<br />Restricted cash and cash equivalents
<br />Accrued interest receivable
<br />Power sales and other receivables
<br />Fuel inventory
<br />Plant inventory — spares
<br />Prepaid expenses
<br />Total current assets
<br />Noncurrent Assets
<br />Capital and lease assets
<br />Electric generation assets
<br />Land
<br />Less: accumulated depreciation and amortization
<br />Property and equipment, net
<br />Construction in progress
<br />Total capital and lease assets, net
<br />Restricted cash, cash equivalents, and investments
<br />Prepaid expenses
<br />Future recoverable costs
<br />Total noncurrent assets
<br />Total assets
<br />Deferred Outflows of Resources
<br />Deferred outflows of resources — other
<br />Total assets and deferred outflows of resources
<br />Liabilities, Deferred Inflows of Resources and Net Position
<br />Current Liabilities
<br />Accounts payable and accrued liabilities
<br />Accrued interest payable
<br />Long-term debt due within one year
<br />Lease liability due within one year
<br />Derivative instruments — futures
<br />Total current liabilities
<br />Noncurrent Liabilities
<br />Long-term debt, net
<br />Lease liability, net
<br />Total noncurrent liabilities
<br />Total liabilities
<br />Deferred Inflows of Resources
<br />Rate stabilization
<br />Other
<br />Total liabilities and deferred inflows of resources
<br />Net Position
<br />Net investment in capital assets
<br />Restricted for debt service
<br />Unrestricted
<br />Total net position
<br />Total liabilities, deferred inflows of resources and net position
<br />2022 2021
<br />$ 84,540,189
<br />3,717,962
<br />80,056
<br />13,541,148
<br />1,311,252
<br />4,011,136
<br />1,691,273
<br />108,893,016
<br />421,997,302
<br />10,893,841
<br />(170 6R7 0711
<br />9,629,651
<br />271,838,721
<br />(Restated)
<br />$ 69,052,676
<br />4,161,561
<br />79,220
<br />14,064,722
<br />1,034,789
<br />3,594,346
<br />1 510 751
<br />419,860,782
<br />10,224,212
<br />(1 ';A 075Z 1561
<br />711,040
<br />276,717,878
<br />10, 501, 812
<br />10, 846, 803
<br />406,168
<br />440,686
<br />35,415,715
<br />42,096,139
<br />318,162,416
<br />330,101,506
<br />427,055,432
<br />423,608,573
<br />2,535,719
<br />1,081,069
<br />$ 429,591,151 $ 424,689,642
<br />$ 11,630,095 $ 12,078,506
<br />1,713,704
<br />1,808,471
<br />8,988,333
<br />8,613,333
<br />1,349,140
<br />1,274,619
<br />1,549,850
<br />5,050
<br />I5 111 1 11)
<br />1 q 770 070
<br />157,353,3 86
<br />12,631,535
<br />167,487,339
<br />13,980,674
<br />169,984,921
<br />181,468,013
<br />195,216,043
<br />205,247,992
<br />28,671,000 28,671,000
<br />15,212,594 7,297,649
<br />710 000 F17 7d1 71 F CA
<br />102,905,604
<br />3,717,962
<br />83,867,948
<br />100AQ1 51d
<br />$ 429,591,151
<br />97, 520,100
<br />4,161,561
<br />81,791,340
<br />1 RZ d7z Ml'1
<br />$ 424,689,642
<br />See Notes to Financial Statements
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