Winnefox Library System
Balance Sheet
As of December 31, 2005
					Dec 31, 05
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		904,752.28
		Total Checking/Savings			904,752.28
		Accounts Receivable
			1-1100 · Accounts Receivable		226,999.01
		Total Accounts Receivable			226,999.01
		Other Current Assets
			1-1070 · Undeposited Funds		1,754.39
		Total Other Current Assets			1,754.39
	Total Current Assets				1,133,505.68
	Other Assets
		1-1150 · PrePaid Rent			22,500.00
	Total Other Assets				22,500.00
TOTAL ASSETS					1,156,005.68
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	15,058.54
			Total Accounts Payable		15,058.54
			Other Current Liabilities
				1-2010 · Due to Member Libraries	26,081.64
				1-2060 · County Grants Payable	87,100.38
				1-2100 · Payroll Liabilities	7,481.63
				1-2200 · Accrued Payroll	13,244.92
			Total Other Current Liabilities		133,908.57
		Total Current Liabilities			148,967.11
	Total Liabilities				148,967.11
	Equity
		1-2500 · Deferred Revenue			659,788.00
		1-2600 · Opening Bal Equity			177,866.74
		1-2601 · Allocated Vehicle Res Equity			50,000.00
		1-2605 · Allocated Eq & Proj Res Equity			79,202.58
		Net Income			40,181.25
	Total Equity				1,007,038.57
TOTAL LIABILITIES & EQUITY					1,156,005.68