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Minnesota Municipal Power Agency
<br />Statements of Revenues, Expenses, and Changes in Net Position
<br />Years Ended December 31, 2022 and 2021
<br />Operating Revenues
<br />Power sales to members
<br />Power sales to nonmembers
<br />Total operating revenues
<br />Operating Expenses
<br />Power acquisition expense
<br />Transmission
<br />Other operating expenses
<br />Depreciation and amortization
<br />Total operating expenses
<br />Operating income
<br />Nonoperating Revenues (Expenses)
<br />Interest expense
<br />Investment income
<br />Other
<br />Total nonoperating revenues (expenses), net
<br />Change in net position before future recoverable costs
<br />Future Recoverable Costs
<br />Change in net position
<br />Net Position, Beginning of Year
<br />Net Position, End of Year
<br />2022
<br />2021
<br />(Restated)
<br />$ 179,379,170
<br />$ 162,539,641
<br />1,863,527
<br />1,496,460
<br />181,242,697
<br />164, 03 6,101
<br />87,143,584
<br />65,321,061
<br />27,169,825
<br />24,901,889
<br />30,671,727
<br />30,774,486
<br />16,603,917
<br />16,456,202
<br />161,589,053
<br />137,453,638
<br />19,653,644
<br />26,582,463
<br />(6,921,592)
<br />(7,350,704)
<br />966,885
<br />235,991
<br />-
<br />63,000
<br />(5,954,707)
<br />(7,051,713)
<br />13,698,937
<br />(6,680,424)
<br />7,018,513
<br />183,473,001
<br />$ 190,491,514
<br />19,530,750
<br />(7,204,535)
<br />12,326,215
<br />171,146,786
<br />$ 183,473,001
<br />See Notes to Financial Statements
<br />149
<br />11
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