White Pine Library Cooperative BALANCE SHEET January 31, 2007 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 202,637.11 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 23,212.05 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 430,009.38 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 173,752.81 ============== TOTAL CAPITAL PLUS LIABILITIES 430,009.38