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