Winnefox Library System
Balance Sheet
As of May 30, 2005
					Jun 30, 05
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		1,266,603.95
		Total Checking/Savings			1,266,603.95
		Accounts Receivable
			1-1100 · Accounts Receivable		6,738.19
		Total Accounts Receivable			6,738.19
		Other Current Assets
			1-1070 · Undeposited Funds		1,020.28
		Total Other Current Assets			1,020.28
	Total Current Assets				1,274,362.42
	Other Assets
		1-1150 · PrePaid Rent			25,000.00
	Total Other Assets				25,000.00
TOTAL ASSETS					1,299,362.42
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	634,691.38
			Total Accounts Payable		634,691.38
			Other Current Liabilities
				1-2010 · Due to Member Libraries	25,864.59
				1-2060 · County Grants Payable	87,100.38
				1-2100 · Payroll Liabilities	7,489.81
			Total Other Current Liabilities		120,454.78
		Total Current Liabilities			755,146.16
	Total Liabilities				755,146.16
	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			247,146.94
	Total Equity				544,216.26
TOTAL LIABILITIES & EQUITY					1,299,362.42