White Pine Library Cooperative                                                     
                          BALANCE SHEET                                                              
                        September 30, 2005                                                           



     Account Name                       Balance YTD                                                      
     -------------------------        --------------                                                     
     ASSETS                                                                                              

     Petty Cash                               500.00                                                     
     Checking Account                     224,763.76                                                     
     Cert. of Deposit                          -0.00                                                     
     Payroll                                  100.00                                                     
     Escrow                                     0.00                                                     
     Accounts Receivable                   10,662.17                                                     
     Inventory                                 -0.00                                                     
     Prepaid Expenses                           0.00                                                     
     Grants Receivable                         -0.00                                                     
     Credit Receivable                          0.00                                                     
                                      ==============                                                     
     TOTAL ASSETS                         236,025.93                                                     



     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                            456.56                                                     
     Copier lease payable                   1,416.07                                                     
     Deferred Renenue                           0.00                                                     
     TOTAL LIABILITIES                      1,872.63                                                     



     CAPITAL                                                                                             

     Fund Balance                         232,098.92                                                     
     Income minus Expenditures              2,054.38                                                     
                                       ==============                                                     
     TOTAL CAPITAL PLUS                                                                                  
     LIABILITIES                          236,025.93