White Pine Library Cooperative BALANCE SHEET February 29, 2008 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 170,479.87 Independent Bank CD 108,797.85 Citizens Bank CD #1 100,000.00 Citizens Bank CD #2 100,000.00 Citizens Bank Cd #3 0.00 Payroll 100.00 Escrow 0.00 Accounts Receivable 33,352.76 Inventory -0.00 Prepaid Expenses 5,084.62 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 518,315.10 LIABILITIES Accounts Payable 4,680.71 Retirement Payable 0.00 Accrued Accounts Payable -0.00 Sales Tax Payable 0.00 Accrued Payroll 0.00 Accrued Benefits 0.00 Lease payable -0.00 Copier lease payable 709.07 Deferred Renenue 0.00 TOTAL LIABILITIES 5,389.78 CAPITAL Fund Balance 316,443.52 Income minus Expenditures 196,481.80 ============== TOTAL CAPITAL PLUS LIABILITIES 518,315.10