White Pine Library Cooperative     
BALANCE SHEET             
December 30, 2003         


Account Name                       Balance YTD  
-------------------------        -------------- 
ASSETS                                          
Petty Cash                               500.00 
Checking Account                     450,796.52 
Cert. of Deposit                          -0.00 
Payroll                                  100.00 
Escrow                                     0.00 
Accounts Receivable                   30,178.15 
Inventory                                 -0.00 
Prepaid Expenses                           0.00 
Grants Receivable                         -0.00 
Credit Receivable                          0.00 
                                 ============== 
TOTAL ASSETS                         481,574.67 



LIABILITIES                                     
Accounts Payable                           0.00 
Accrued Accounts Payable                  -0.00 
Sales Tax Payable                          0.00 
Accrued Payroll                            0.00 
Accrued Benefits                           0.00 
Deferred Renenue                           0.00 
                                 ============== 
TOTAL LIABILITIES                          0.00



CAPITAL                                        
Fund Balance                         284,851.77
Income minus Expenditures            195,156.83
                                 ==============
TOTAL CAPITAL PLUS                             
LIABILITIES                          480,008.60