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CORNHUSKER PUBLIC POWER DISTRICT
COLUMBUS, NEBRASKA
STATEMENTS OF NET POSITION
DECEMBER 31, 2015 AND 2014
NET POSITION, DEFERRED INFLOWS
OF RESOURCES, AND LIABILITIES
2015
2014
NET POSITION
Invested in electric plant, net of related debt
35,479,178
32,139,579
Restricted
3,595,984
4,642,072
Unrestricted
11,149,670
10,311,000
Total net position
50,224,832
47,092,651
DEFERRED INFLOWS OF RESOURCES
Deferred customer credits
422,907
405,588
Deferred rate stabilization
1,500,000
1,500,000
Total deferred inflows of resources
1,922,907
1,905,588
NONCURRENT LIABILITIES
Revenue bonds payable
30,305,000
30,540,000
Bond defeasance costs, less accumulated
amortization of $4,276,778 in 2015
and $4,252,799 in 2014
282
24,261
Post-retirement benefit obligation
1,800,610
1,563,310
Less current maturities
(2,235,000)
(2,545,000)
Total noncurrent liabilities
29,870,892
29,582,571
CURRENT LIABILITIES
Accounts payable
2,254,975
2,135,593
Accrued expenses
1,054,231
1,073,612
Consumer deposits
531,951
390,011
Current maturities of long-term debt
2,235,000
2,545,000
Total current liabilities
6,076,157
6,144,216
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND NET POSITION
88,094,788
84,725,026
conclusion
Cornhusker Public Power District was
created to serve the people to whom it
provides power, not to provide profits
to out-of-town power company inves-
tors. The principle on which we were
founded, service to our local communi-
ties, is just as strong today as the day we
turned on the power. Regardless of how
much electricity you use, Cornhusker
Public Power District will do everything
it can to help you get the most out of
your power dollar.
Day to day Cornhusker Public Power
District works hard to provide you with
safe, affordable, and reliable electricity.
When you come home at night you can
count on a well-lit home, and should
outages occur, we are on the job to
restore power quickly
.
Lineman Appreciation Day
Photo illustration:
Lead Line Technician Jim Baumert
April, 2015