White Pine Library Cooperative                   
BALANCE SHEET
June 30, 2004


Account Name                       Balance YTD 
-------------------------        --------------
ASSETS                                         
Petty Cash                               500.00
Checking Account                     350,350.77
Cert. of Deposit                          -0.00
Payroll                                  100.00
Escrow                                     0.00
Accounts Receivable                    2,905.85
Inventory                                 -0.00
Prepaid Expenses                           0.00
Grants Receivable                         -0.00
Credit Receivable                          0.00
                                 ==============
TOTAL ASSETS                         353,856.62



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             67,438.83  
                                 ==============  
TOTAL CAPITAL PLUS                               
LIABILITIES                          353,856.62