White Pine Library Cooperative                                                     
                       BALANCE SHEET                                                              
                     November 30, 2005                                                            


             Account Name                       Balance YTD                                                      
             -------------------------        --------------                                                     
             ASSETS                                                                                              
             Petty Cash                               500.00                                                     
             Checking Account                     421,901.57                                                     
             Cert. of Deposit                          -0.00                                                     
             Payroll                                  100.00                                                     
             Escrow                                     0.00                                                     
             Accounts Receivable                   36,492.61                                                     
             Inventory                                 -0.00                                                     
             Prepaid Expenses                           0.00                                                     
             Grants Receivable                         -0.00                                                     
             Credit Receivable                          0.00                                                     
                                              ==============                                                     
             TOTAL ASSETS                         458,994.18                                                     


             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            231,003.26                                                     
                                              ==============                                                     
             TOTAL CAPITAL PLUS                                                                                  
             LIABILITIES                          458,994.18