White Pine Library Cooperative BALANCE SHEET December 30, 2006 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 293,299.46 Independent Bank CD 103,560.22 Citizens Bank CD #1 100,000.00 Citizens Bank CD #2 0.00 Citizens Bank Cd #3 0.00 Payroll 100.00 Escrow 0.00 Accounts Receivable 54,874.15 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 552,333.83 LIABILITIES Accounts Payable 9,299.76 Retirement Payable -888.80 Accrued Accounts Payable 2,693.50 Sales Tax Payable 0.00 Accrued Payroll 2,972.96 Accrued Benefits 473.74 Lease payable 580.83 Copier lease payable 1,598.15 Deferred Renenue 4,569.46 TOTAL LIABILITIES 21,299.60 CAPITAL Fund Balance 254,077.59 Income minus Expenditures 276,956.64 ============== TOTAL CAPITAL PLUS LIABILITIES 552,333.83