White Pine Library Cooperative 
            BALANCE SHEET   
          January 31, 2004  



Account Name                       Balance YTD  
-------------------------        -------------- 
ASSETS                                          
Petty Cash                               500.00 
Checking Account                     423,629.49 
Cert. of Deposit                          -0.00 
Payroll                                  100.00 
Escrow                                     0.00 
Accounts Receivable                   22,791.41 
Inventory                                 -0.00 
Prepaid Expenses                           0.00 
Grants Receivable                         -0.00 
Credit Receivable                          0.00 
                                 ============== 
TOTAL ASSETS                         447,020.90


LIABILITIES                                     
Accounts Payable                      21,693.92 
Accrued Accounts Payable                  -0.00 
Sales Tax Payable                          0.00 
Accrued Payroll                            0.00 
Accrued Benefits                           0.00 
Deferred Renenue                           0.00 
TOTAL LIABILITIES                     21,693.92 


CAPITAL                                         

Fund Balance                         284,851.77 
Income minus Expenditures            139,799.36 
                                 ============== 
TOTAL CAPITAL PLUS                              
LIABILITIES                          446,345.05