Winnefox Library System
Balance Sheet
As of August 31, 2005
					Aug 31, 05
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		1,223,001.70
		Total Checking/Savings			1,223,001.70
		Accounts Receivable
			1-1100 · Accounts Receivable		178,892.70
		Total Accounts Receivable			178,892.70
		Other Current Assets
			1-1070 · Undeposited Funds		339.30
		Total Other Current Assets			339.30
	Total Current Assets				1,402,233.70
	Other Assets
		1-1150 · PrePaid Rent			25,000.00
	Total Other Assets				25,000.00
TOTAL ASSETS					1,427,233.70
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	108,328.24
			Total Accounts Payable		108,328.24
			Other Current Liabilities
				1-2010 · Due to Member Libraries	25,974.42
				1-2060 · County Grants Payable	87,100.38
				1-2100 · Payroll Liabilities	4,991.33
			Total Other Current Liabilities		118,066.13
		Total Current Liabilities			226,394.37
	Total Liabilities				226,394.37
	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			903,770.01
	Total Equity				1,200,839.33
TOTAL LIABILITIES & EQUITY					1,427,233.70