White Pine Library Cooperative       
                           BALANCE SHEET                
                          April 30, 2004                






          Account Name                       Balance YTD  
          -------------------------        -------------- 
          ASSETS                                          
          Petty Cash                               500.00 
          Checking Account                     285,056.65 
          Cert. of Deposit                          -0.00 
          Payroll                                  100.00 
          Escrow                                     0.00 
          Accounts Receivable                   17,980.51 
          Inventory                                 -0.00 
          Prepaid Expenses                           0.00 
          Grants Receivable                         -0.00 
          Credit Receivable                          0.00 
                                           ============== 
          TOTAL ASSETS                         303,637.16 


          LIABILITIES                                     
          Accounts Payable                           0.00 
          Accrued Accounts Payable                  -0.00 
          Sales Tax Payable                          0.00 
          Accrued Payroll                            0.00 
          Accrued Benefits                           0.00 
          Lease payable                            342.58 
          Copier lease payable                   1,223.44 
          Deferred Renenue                           0.00 
                                           ============== 
          TOTAL LIABILITIES                      1,566.02 



          CAPITAL                                         

          Fund Balance                         284,851.77 
          Income minus Expenditures             17,219.37 
                                           ============== 
          TOTAL CAPITAL PLUS                              
          LIABILITIES                          303,637.16