White Pine Library Cooperative
                     BALANCE SHEET     
                  September 30, 2003   


     Account Name                       Balance YTD 
     -------------------------        --------------
     ASSETS                                         
     Petty Cash                               500.00
     Checking Account                     305,138.97
     Cert. of Deposit                          -0.00
     Payroll                                  100.00
     Escrow                                     0.00
     Accounts Receivable                    1,997.55
     Inventory                                 -0.00
     Prepaid Expenses                           0.00
     Grants Receivable                         -0.00
     Credit Receivable                        248.50
                                       =============
     TOTAL ASSETS                         307,985.02


     LIABILITIES                                    
     Accounts Payable                         113.56
     Accrued Accounts Payable                   0.00
     Sales Tax Payable                          0.00
     Accrued Payroll                            0.00
     Accrued Benefits                           0.00
     Deferred Renenue                           0.00
     TOTAL LIABILITIES                        113.56


     CAPITAL                                                                                             
     Fund Balance                         234,592.62
     Income minus Expenditures             73,225.54
                                       =============
     TOTAL CAPITAL PLUS                             
     LIABILITIES                          307,931.72