White Pine Library Cooperative                 
             BALANCE SHEET                               
            August 30, 2004                              




Account Name                       Balance YTD 
-------------------------        --------------
ASSETS                                         
Petty Cash                               500.00
Checking Account                     266,384.40
Cert. of Deposit                          -0.00
Payroll                                  100.00
Escrow                                     0.00
Accounts Receivable                    4,622.50
Inventory                                 -0.00
Prepaid Expenses                           0.00
Grants Receivable                         -0.00
Credit Receivable                          0.00
                                 ==============
TOTAL ASSETS                         271,606.90



LIABILITIES                                    

Accounts Payable                       3,330.67
Retirement Payable                       318.61
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                      5,215.30 


CAPITAL                                         

Fund Balance                         284,851.77 
Income minus Expenditures            -18,460.17 
                                 ============== 
TOTAL CAPITAL PLUS                              
LIABILITIES                          271,606.90