Jun 30, 03
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		935,003.63
		Total Checking/Savings			935,003.63
		Accounts Receivable
			1-1100 · Accounts Receivable		196,896.95
		Total Accounts Receivable			196,896.95
		Other Current Assets
			1-1065 · West Pointe CD		300,318.49
			1-1070 · Undeposited Funds		7.56
		Total Other Current Assets			300,326.05
	Total Current Assets				1,432,226.63
	Other Assets
		1-1150 · PrePaid Rent			30,000.00
	Total Other Assets				30,000.00
TOTAL ASSETS					1,462,226.63
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	604,120.08
			Total Accounts Payable		604,120.08
			Other Current Liabilities
				1-2010 · Due to Member Libraries	44,704.22
				1-2060 · County Grants Payable	101,038.41
				1-2100 · Payroll Liabilities	4,605.02
			Total Other Current Liabilities		150,347.65
		Total Current Liabilities			754,467.73
	Total Liabilities				754,467.73
	Equity
		1-2600 · Opening Bal Equity			162,058.62
		1-2601 · Allocated Vehicle Res Equity			24,000.00
		1-2605 · Allocated Eq & Proj Res Equity			79,202.58
		1-2650 · Retained Earnings			-14,007.21
		Net Income			456,504.91
	Total Equity				707,758.90
TOTAL LIABILITIES & EQUITY					1,462,226.63