White Pine Library Cooperative BALANCE SHEET December 31, 2005 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 404,482.90 Cert. of Deposit -0.00 Payroll 100.00 Escrow 0.00 Accounts Receivable 23,137.69 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 428,220.59 LIABILITIES Accounts Payable 0.00 Retirement Payable 0.00 Accrued Accounts Payable 3,564.00 Sales Tax Payable 0.00 Accrued Payroll 0.00 Accrued Benefits 0.00 Lease payable 836.14 Copier lease payable 1,461.98 Deferred Renenue 0.00 TOTAL LIABILITIES 5,862.12 CAPITAL Fund Balance 222,128.80 Income minus Expenditures 200,229.67 ============== TOTAL CAPITAL PLUS LIABILITIES 428,220.59