Financial Statements of Alaska Federal Power Program

EMD-77-17: Published: Feb 11, 1977. Publicly Released: Feb 11, 1977.

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The statement of assets and liabilities of the Alaska Federal Power Program was examined in accordance with generally accepted auditing standards. The examination included tests of the accounting records of the Alaska Power Administration and the Corps of Engineers District Office.

Total operating revenues for the fiscal year ended June 30, 1976, were $2,125,000. Operating expenses were $1,355,000; net operating revenues were $770,000; the net interest expense was $2,046,000; and the net revenue was a loss of $1,276,000. The Program had total assets of $109,159,000 in 1976.

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