White Pine Library Cooperative BALANCE SHEET December 31, 2008 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 197,814.72 Independent Bank CD 111,296.85 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 53,647.98 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 563,359.55 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 0.00 Deferred Renenue 0.00 TOTAL LIABILITIES 0.00 CAPITAL Fund Balance 413,634.44 Income minus Expenditures 149,725.11 ============== TOTAL CAPITAL PLUS LIABILITIES 563,359.55