White Pine Library Cooperative 
                          BALANCE SHEET 
                         November 2003



          Account Name                       Balance YTD 
          -------------------------        --------------
          ASSETS                                          
          Petty Cash                               500.00
          Checking Account                     343,365.83
          Cert. of Deposit                          -0.00
          Payroll                                  100.00
          Escrow                                     0.00
          Accounts Receivable                   65,785.25
          Inventory                                 -0.00
          Prepaid Expenses                           0.00
          Grants Receivable                         -0.00
          Credit Receivable                          0.00
                                           ==============
          TOTAL ASSETS                         409,751.08


          LIABILITIES                                      
          Accounts Payable                      17,049.66
          Accrued Accounts Payable                  -0.00
          Sales Tax Payable                          0.00
          Accrued Payroll                            0.00
          Accrued Benefits                           0.00
          Deferred Renenue                           0.00
                                           ==============
          TOTAL LIABILITIES                     17,049.66


          CAPITAL                                         
          Fund Balance                         284,851.77 
          Income minus Expenditures            106,336.93 
                                           ============== 
          TOTAL CAPITAL PLUS                              
          LIABILITIES                          408,238.36