Winnefox Library System
Balance Sheet
As of February 28, 2005
					Feb 28, 05
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		1,547,036.32
		Total Checking/Savings			1,547,036.32
		Accounts Receivable
			1-1100 · Accounts Receivable		-25,767.45
		Total Accounts Receivable			-25,767.45
		Other Current Assets
			1-1070 · Undeposited Funds		933,964.53
		Total Other Current Assets			933,964.53
	Total Current Assets				2,455,233.40
	Other Assets
		1-1150 · PrePaid Rent			25,000.00
	Total Other Assets				25,000.00
TOTAL ASSETS					2,480,233.40
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	49,733.65
			Total Accounts Payable		49,733.65
			Other Current Liabilities
				1-2010 · Due to Member Libraries	25,819.07
				1-2060 · County Grants Payable	87,099.37
				1-2100 · Payroll Liabilities	5,225.65
			Total Other Current Liabilities		118,144.09
		Total Current Liabilities			167,877.74
	Total Liabilities				167,877.74
	Equity
		1-2600 · Opening Bal Equity			169,378.40
		1-2601 · Allocated Vehicle Res Equity			40,000.00
		1-2605 · Allocated Eq & Proj Res Equity			79,202.58
		1-2650 · Retained Earnings			8,488.34
		Net Income			2,015,286.34
	Total Equity				2,312,355.66
TOTAL LIABILITIES & EQUITY					2,480,233.40