White Pine Library Cooperative BALANCE SHEET June 30, 2007 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 89,110.00 Independent Bank CD 106,807.37 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 6,325.96 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 302,843.33 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 46,586.76 ============== TOTAL CAPITAL PLUS LIABILITIES 302,843.33