Winnefox Library System
Balance Sheet
As of December 31, 2006
					Dec 31, 06
ASSETS
	Current Assets
		Checking/Savings
			1-1000 · Cash		974,411.59
		Total Checking/Savings			974,411.59
		Accounts Receivable
			1-1100 · Accounts Receivable		10,375.06
		Total Accounts Receivable			10,375.06
		Other Current Assets
			1-1070 · Undeposited Funds		962.33
		Total Other Current Assets			962.33
	Total Current Assets				985,748.98
	Other Assets
		1-1150 · PrePaid Rent			20,000.00
	Total Other Assets				20,000.00
TOTAL ASSETS					1,005,748.98
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				1-2000 · Accounts Payable	25,638.66
			Total Accounts Payable		25,638.66
			Other Current Liabilities
				1-2010 · Due to Member Libraries	26,429.64
				1-2060 · County Grants Payable	12,047.52
				1-2100 · Payroll Liabilities	5,316.26
			Total Other Current Liabilities		43,793.42
		Total Current Liabilities			69,432.08
	Total Liabilities				69,432.08
	Equity
		1-2500 · Deferred Revenue			686,900.00
		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			-159,764.95
	Total Equity				936,316.90
TOTAL LIABILITIES & EQUITY					1,005,748.98