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CORNHUSKER PUBLIC POWER DISTRICT
COLUMBUS, NEBRASKA
STATEMENT OF NET POSITION
DECEMBER 31, 2015 AND 2014
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
2015
2014
CAPITAL ASSETS
90,429,012
86,144,356
Less accumulated depreciation
(24,786,683)
(23,617,528)
Net capital assets
65,642,329
62,526,828
NONCURRENT ASSETS
Restricted investments - Debt Reserve Fund
1,721,101
2,553,135
Investments in associated organizations
998,325
971,002
Total noncurrent assets
2,719,426
3,524,137
CURRENT ASSETS
Cash and cash equivalents, unrestricted
9,490,565
8,649,663
Cash and cash equivalents, restricted
636,104
Restricted investments - Debt Service Fund
1,874,883
2,088,937
Accounts receivable - less allowance for
doubtful accounts of $125,304 in 2015
and $120,683 in 2014
1,617,876
1,716,892
Unbilled revenue
2,515,702
2,631,618
Interest receivable
10,156
10,156
Materials and supplies inventory
1,856,446
1,629,040
Prepaid expenses
1,589,452
1,795,034
Total current assets
19,591,184
18,521,310
TOTAL ASSETS
87,952,939
84,572,275
DEFERRED OUTFLOWS
141,849
152,751
Deferred charges
TOTAL ASSETS AND DEFERRED
OUTFLOWS OF RESOURCES
88,094,788
84,725,026
Lead Line Technician Derek Hanson practic-
es rescue pole top rescue using a 150 pound
mannequin. Once each year all line technicians
practice the procedure. Safety is our culture at
Cornhusker Public Power District.
August, 2015