White Pine Library Cooperative BALANCE SHEET September 30, 2006 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 65,030.46 Independent Bank CD 100,000.00 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 876.92 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 266,507.38 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 836.14 Copier lease payable 1,461.98 Deferred Renenue 0.00 TOTAL LIABILITIES 2,298.12 CAPITAL Fund Balance 222,128.80 Income minus Expenditures 42,080.46 ============== TOTAL CAPITAL PLUS LIABILITIES 266,507.38