Winnefox Library System
				Balance Sheet
				As of August 31, 2003
					Aug 31, 03
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		741,675.45
		Total Checking/Savings			741,675.45
		Accounts Receivable
			1-1100 · Accounts Receivable		8,669.55
		Total Accounts Receivable			8,669.55
		Other Current Assets
			1-1065 · West Pointe CD		450,774.07
			1-1070 · Undeposited Funds		22.60
		Total Other Current Assets			450,796.67
	Total Current Assets				1,201,141.67
	Other Assets
		1-1150 · PrePaid Rent			30,000.00
	Total Other Assets				30,000.00
TOTAL ASSETS					1,231,141.67
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	227.77
			Total Accounts Payable		227.77
			Other Current Liabilities
				1-2010 · Due to Member Libraries	44,744.59
				1-2060 · County Grants Payable	93,678.46
				1-2100 · Payroll Liabilities	4,604.73
			Total Other Current Liabilities		143,027.78
		Total Current Liabilities			143,255.55
	Total Liabilities				143,255.55
	Equity
		1-2600 · Opening Bal Equity			148,051.41
		1-2601 · Allocated Vehicle Res Equity			24,000.00
		1-2605 · Allocated Eq & Proj Res Equity			79,202.58
		Net Income			836,632.13
	Total Equity				1,087,886.12
TOTAL LIABILITIES & EQUITY					1,231,141.67