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