GREENBELT INTERNET ACCESS COOPERATIVE

BALANCE SHEET September 1, 2000


ASSETS Current Assets Checking/Savings 101-Bank of America Checking 10,304.33 --------- Total Checking/Savings 10,933.73

Accounts Receivable 200-Member Advance Payments -1,931.44 --------- Total Accounts Receivable -1,931.44

Other Current Assets 130-Undeposited Funds 374.00 --------- Total Other Current Assets 374.00 ---------

Total Current Assets 8,746.89

Fixed Assets 150-Tangible Assets 10.85 --------- Total Fixed Assets 10.85 ---------

TOTAL ASSETS 8,757.74 =========

LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000-Accounts Payable 802.90 --------- Total Accounts Payable 802.90 ---------

Total Current Liabilities 802.90 ---------

Total Liabilities 802.90

Equity 300-Member Equity 4,350.00 350-Member Donations 315.05 390-Retained Earnings 3,298.41 Net Income -8.62 --------- Total Equity 7,954.84 ---------

TOTAL LIABILITIES & EQUITY 8,757.74 =========


    Peggy Bates     Treasurer     September 14, 2000