Winnefox Library System
Balance Sheet
As of February 28, 2006
					Feb 28, 06
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		1,939,628.31
		Total Checking/Savings			1,939,628.31
		Accounts Receivable
			1-1100 · Accounts Receivable		12,760.70
		Total Accounts Receivable			12,760.70
		Other Current Assets
			1-1070 · Undeposited Funds		630,603.27
		Total Other Current Assets			630,603.27
	Total Current Assets				2,582,992.28
	Other Assets
		1-1150 · PrePaid Rent			22,500.00
	Total Other Assets				22,500.00
TOTAL ASSETS					2,605,492.28
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	825,571.80
			Total Accounts Payable		825,571.80
			Other Current Liabilities
				1-2010 · Due to Member Libraries	26,129.78
				1-2060 · County Grants Payable	12,087.86
				1-2100 · Payroll Liabilities	5,381.11
			Total Other Current Liabilities		43,598.75
		Total Current Liabilities			869,170.55
	Total Liabilities				869,170.55
	Equity
		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
		1-2650 · Retained Earnings			102,112.53
		Net Income			1,327,139.88
	Total Equity				1,736,321.73
TOTAL LIABILITIES & EQUITY					2,605,492.28