White Pine Library Cooperative BALANCE SHEET January 31, 2009 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 194,038.48 Independent Bank CD 111,969.20 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 9,659.42 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 516,267.10 LIABILITIES Accounts Payable 4,174.51 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 4,174.51 CAPITAL Fund Balance 413,634.44 Income minus Expenditures 98,458.15 ============== TOTAL CAPITAL PLUS LIABILITIES 516,267.10