Winnefox Library System
				Balance Sheet
				As of December 31, 2002
					Dec 31, 02
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		1,090,757.29
		Total Checking/Savings			1,090,757.29
		Accounts Receivable
			1-1100 · Accounts Receivable		82,627.87
		Total Accounts Receivable			82,627.87
		Other Current Assets
			1-1070 · Undeposited Funds		595.99
		Total Other Current Assets			595.99
	Total Current Assets				1,173,981.15
	Other Assets
		1-1150 · PrePaid Rent			30,000.00
	Total Other Assets				30,000.00
TOTAL ASSETS					1,203,981.15
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	42,987.04
			Total Accounts Payable		42,987.04
			Other Current Liabilities
				1-2010 · Due to Member Libraries	81,154.80
				1-2060 · County Grants Payable	169,926.26
				1-2100 · Payroll Liabilities	4,776.50
				1-2200 · Accrued Payroll	25,566.84
			Total Other Current Liabilities		281,424.40
		Total Current Liabilities			324,411.44
	Total Liabilities				324,411.44
	Equity
		1-2500 · Deferred Revenue			628,283.00
		1-2600 · Opening Bal Equity			162,058.65
		1-2601 · Allocated Vehicle Res Equity			24,000.00
		1-2605 · Allocated Eq & Proj Res Equity			79,202.58
		Net Income			-13,974.52
	Total Equity				879,569.71
TOTAL LIABILITIES & EQUITY					1,203,981.15