White Pine Library Cooperative                                                     
                                                             BALANCE SHEET                                                              
                                                            August 31, 2009                                                             




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

                                    Petty Cash                               500.00                                                     
                                    Checking Account                      70,684.40                                                     
                                     Independent Bank CD                 111,969.20                                                     
                                     Citizens Bank CD #1                 100,482.54                                                     
                                     Citizens Bank CD #2                 100,323.11                                                     
                                     Citizens Bank Cd #3                       0.00                                                     
                                    Payroll                                  100.00                                                     
                                    Escrow                                     0.00                                                     
                                    Accounts Receivable                    1,834.19                                                     
                                    Inventory                                 -0.00                                                     
                                    Prepaid Expenses                           0.00                                                     
                                    Grants Receivable                         -0.00                                                     
                                    Credit Receivable                          0.00                                                     
                                                                     ==============                                                     
                                    TOTAL ASSETS                         385,893.44                                                     



                                    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            -27,741.00                                                     
                                                                     ==============                                                     
                                    TOTAL CAPITAL PLUS                                                                                  
                                    LIABILITIES                          385,893.44