White Pine Library Cooperative  
               BALANCE SHEET         
             October 31, 2003     
   


 Account Name                        Balance YTD               
 -------------------------        --------------
 ASSETS                                         
 Petty Cash                               500.00
 Checking Account                     270,592.43
 Cert. of Deposit                          -0.00
 Payroll                                  100.00
 Escrow                                     0.00
 Accounts Receivable                  183,791.84
 Inventory                                 -0.00
 Prepaid Expenses                           0.00
 Grants Receivable                         -0.00
 Credit Receivable                        248.50
                                  ==============
 TOTAL ASSETS                         455,232.77



 LIABILITIES                                                                                         
 
 Accounts Payable                           0.00
 Accrued Accounts Payable                   0.00
 Sales Tax Payable                          0.00
 Accrued Payroll                            0.00
 Accrued Benefits                           0.00
 Deferred Renenue                           0.00
                                     ===========
 TOTAL LIABILITIES                          0.00


 CAPITAL                                        

 Fund Balance                         234,592.62
 Income minus Expenditures            220,640.15
                                  ==============
 TOTAL CAPITAL PLUS                             
 LIABILITIES                          455,232.77