White Pine Library Cooperative                 
BALANCE SHEET                                  
February 29, 2004                              


Account Name                       Balance YTD 
-------------------------        --------------
ASSETS
                                         
Petty Cash                               500.00
Checking Account                     379,458.61
Cert. of Deposit                          -0.00
Payroll                                  100.00
Escrow                                     0.00
Accounts Receivable                   26,922.91
Inventory                                 -0.00
Prepaid Expenses                           0.00
Grants Receivable                         -0.00
Credit Receivable                          0.00
                                 ==============
TOTAL ASSETS                         406,981.52



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            120,563.73
                                 ==============
TOTAL CAPITAL PLUS                             
LIABILITIES                          406,981.52