White Pine Library Cooperative BALANCE SHEET November 30, 2007 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 67,851.97 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 162,581.96 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 437,841.30 LIABILITIES Accounts Payable 0.00 Retirement Payable 0.00 Accrued Accounts Payable 282.00 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 991.07 CAPITAL Fund Balance 311,358.90 Income minus Expenditures 125,491.33 ============== TOTAL CAPITAL PLUS LIABILITIES 437,841.30