White Pine Library Cooperative BALANCE SHEET May 31, 2009 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 87,322.76 Independent Bank CD 111,969.20 Citizens Bank CD #1 100,085.34 Citizens Bank CD #2 100,075.96 Citizens Bank Cd #3 0.00 Payroll 100.00 Escrow 0.00 Accounts Receivable 7,441.24 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 407,494.50 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 -6,139.94 ============== TOTAL CAPITAL PLUS LIABILITIES 407,494.50