White Pine Library Cooperative BALANCE SHEET September 30, 2008 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 110,943.35 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 933.23 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 421,274.43 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 -0.00 Copier lease payable 709.07 Deferred Renenue 0.00 TOTAL LIABILITIES 709.07 CAPITAL Fund Balance 316,443.52 Income minus Expenditures 104,121.84 ============== TOTAL CAPITAL PLUS LIABILITIES 421,274.43