GREENBELT INTERNET ACCESS COOPERATIVE

BALANCE SHEET August 1, 2000


ASSETS Current Assets Checking/Savings 101-Bank of America Checking 10,933.73 --------- Total Checking/Savings 10,933.73

Accounts Receivable 200-Member Advance Payments -2,093.44 --------- Total Accounts Receivable -2,093.44

Other Current Assets 130-Undeposited Funds 30.00 --------- Total Other Current Assets 30.00 ---------

Total Current Assets 8,870.29

Fixed Assets 150-Tangible Assets 11.85 --------- Total Fixed Assets 11.85 ---------

TOTAL ASSETS 8,882.14 =========

LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000-Accounts Payable 1,101.52 --------- Total Accounts Payable 1.101.52 ---------

Total Current Liabilities 1.101.52 ---------

Total Liabilities 1,101.52

Equity 300-Member Equity 4,350.00 350-Member Donations 285.05 390-Retained Earnings 3,298.41 Net Income -152.84 --------- Total Equity 7,780.62 ---------

TOTAL LIABILITIES & EQUITY 8,882.14 =========


    Peggy Bates     Treasurer     August 10, 2000