GREENBELT INTERNET ACCESS COOPERATIVE

BALANCE SHEET July 1, 2000


ASSETS Current Assets Checking/Savings 101-Bank of America Checking 10,549.09 --------- Total Checking/Savings 10,549.09

Accounts Receivable 200-Member Advance Payments -2,284.44 --------- Total Accounts Receivable -2,284.44

Other Current Assets 130-Undeposited Funds 105.00 --------- Total Other Current Assets 105.00 ---------

Total Current Assets 8,369.65

Fixed Assets 150-Tangible Assets 12.85 --------- Total Fixed Assets 12.85 ---------

TOTAL ASSETS 8,382.50 =========

LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000-Accounts Payable 575.00 --------- Total Accounts Payable 575.00 ---------

Total Current Liabilities 575.00 ---------

Total Liabilities 575.00

Equity 300-Member Equity 4,550.00 350-Member Donations 285.05 390-Retained Earnings 3,298.41 Net Income -325.96 --------- Total Equity 7,807.50 ---------

TOTAL LIABILITIES & EQUITY 8,382.50 =========


    Peggy Bates     Treasurer     July 13, 2000