White Pine Library Cooperative BALANCE SHEET June 30, 2006 Account Name Balance YTD ------------------------- -------------- ASSETS Petty Cash 500.00 Checking Account 31,783.46 Independent Bank CD 100,000.00 Citizens Bank CD #1 100,000.00 Citizens Bank CD #2 0.00 Citizens Bank Cd #3 0.00 Payroll 100.00 Escrow 0.00 Accounts Receivable 12,732.17 Inventory -0.00 Prepaid Expenses 0.00 Grants Receivable -0.00 Credit Receivable 0.00 ============== TOTAL ASSETS 245,115.63 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 836.14 Copier lease payable 1,461.98 Deferred Renenue 0.00 TOTAL LIABILITIES 2,298.12 CAPITAL Fund Balance 222,128.80 Income minus Expenditures 20,688.71 ============== TOTAL CAPITAL PLUS LIABILITIES 245,115.63