White Pine Library Cooperative
           BALANCE SHEET 
           March 31, 2004


 Account Name                       Balance YTD 
 -------------------------        --------------
 ASSETS                                         
 Petty Cash                               500.00
 Checking Account                     305,474.72
 Cert. of Deposit                          -0.00
 Payroll                                  100.00
 Escrow                                     0.00
 Accounts Receivable                   22,069.40
 Inventory                                 -0.00
 Prepaid Expenses                           0.00
 Grants Receivable                         -0.00
 Credit Receivable                          0.00
                                  ==============
 TOTAL ASSETS                         328,144.12



 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             41,726.33
                                  ==============
 TOTAL CAPITAL PLUS                             
 LIABILITIES                          328,144.12