Winnefox Library System
				Balance Sheet
				As of August 31, 2004
					Aug 31, 04
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		1,093,281.94
		Total Checking/Savings			1,093,281.94
		Accounts Receivable
			1-1100 · Accounts Receivable		52,717.16
		Total Accounts Receivable			52,717.16
		Other Current Assets
			1-1065 · West Pointe CD		116,367.60
		Total Other Current Assets			116,367.60
	Total Current Assets				1,262,366.70
	Other Assets
		1-1150 · PrePaid Rent			27,500.00
	Total Other Assets				27,500.00
TOTAL ASSETS					1,289,866.70
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	-15.48
			Total Accounts Payable		-15.48
			Other Current Liabilities
				1-2010 · Due to Member Libraries	25,993.37
				1-2060 · County Grants Payable	95,682.81
				1-2100 · Payroll Liabilities	5,030.66
			Total Other Current Liabilities		126,706.84
		Total Current Liabilities			126,691.36
	Total Liabilities				126,691.36
	Equity
		1-2600 · Opening Bal Equity			133,051.41
		1-2601 · Allocated Vehicle Res Equity			30,000.00
		1-2605 · Allocated Eq & Proj Res Equity			79,202.58
		1-2650 · Retained Earnings			21,326.94
		Net Income			899,594.41
	Total Equity				1,163,175.34
TOTAL LIABILITIES & EQUITY					1,289,866.70