White Pine Library Cooperative BALANCE SHEET February 28, 2007 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 169,092.18 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 18,717.86 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 391,970.26 LIABILITIES Accounts Payable 0.00 Retirement Payable 0.00 Accrued Accounts Payable -0.00 Sales Tax Payable 0.00 Accrued Payroll 0.00 Accrued Benefits 0.00 Lease payable 580.83 Copier lease payable 1,598.15 Deferred Renenue 0.00 TOTAL LIABILITIES 2,178.98 CAPITAL Fund Balance 254,077.59 Income minus Expenditures 135,713.69 ============== TOTAL CAPITAL PLUS LIABILITIES 391,970.26