White Pine Library Cooperative                                                                                                                                                                     
                                                             BALANCE SHEET                                                              
                                                           September 30, 2007                                                           




                                    Account Name                       Balance YTD                                                      
                                    -------------------------        --------------                                                     
                                    ASSETS                                                                                              

                                    Petty Cash                               500.00                                                     
                                    Checking Account                     113,666.64                                                     
                                     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                      139.96                                                     
                                    Inventory                                 -0.00                                                     
                                    Prepaid Expenses                           0.00                                                     
                                    Grants Receivable                         -0.00                                                     
                                    Credit Receivable                          0.00                                                     
                                                                     ==============                                                     
                                    TOTAL ASSETS                         321,213.97                                                     



                                    LIABILITIES                                                                                         

                                    Accounts Payable                       7,990.08                                                     
                                    Retirement Payable                      -820.97                                                     
                                    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                      9,348.09                                                     



                                    CAPITAL                                                                                             

                                    Fund Balance                         254,077.59                                                     
                                    Income minus Expenditures             57,788.29                                                     
                                                                     ==============                                                     
                                    TOTAL CAPITAL PLUS                                                                                  
                                    LIABILITIES                          321,213.97