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