Winnefox Library System
Balance Sheet
As of August 31, 2006
					Aug 31, 06
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		1,355,777.41
		Total Checking/Savings			1,355,777.41
		Accounts Receivable
			1-1100 · Accounts Receivable		10,346.13
		Total Accounts Receivable			10,346.13
		Other Current Assets
			1-1070 · Undeposited Funds		793.33
		Total Other Current Assets			793.33
	Total Current Assets				1,366,916.87
	Other Assets
		1-1150 · PrePaid Rent			22,500.00
	Total Other Assets				22,500.00
TOTAL ASSETS					1,389,416.87
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	143,925.55
			Total Accounts Payable		143,925.55
			Other Current Liabilities
				1-2010 · Due to Member Libraries	26,303.31
				1-2060 · County Grants Payable	12,087.86
				1-2100 · Payroll Liabilities	5,118.96
			Total Other Current Liabilities		43,510.13
		Total Current Liabilities			187,435.68
	Total Liabilities				187,435.68
	Equity
		1-2600 · Opening Bal Equity			314,872.89
		1-2601 · Allocated Vehicle Res Equity			15,106.38
		1-2605 · Allocated Eq & Proj Res Equity			79,202.58
		Net Income			792,799.34
	Total Equity				1,201,981.19
TOTAL LIABILITIES & EQUITY					1,389,416.87