GREENBELT INTERNET ACCESS COOPERATIVE

PROFIT & LOSS
August 2000




        Ordinary Income/Expense
          Income
            4000-Internet Service Revenue
              400-Basic Service                             770.00
              401-Mailbox                                    28.00
              402-Website                                     2.00
              409-Setup Fees                                 10.00
                                                         ---------
            Total 4000-Internet Service Revenue             810.00
                                                         ---------
            499-Miscellaneous Income                          0.00
                                                         ---------
          Total Income                                      810.00

          Expense
            500-Internet Service Expense                    620.25
            515-Instructors                                  30.12
            534-Voice Mail                                   43.50
            551-Depreciation Expense                          1.00
                                                         ---------
          Total Expense                                     694.75
                                                         ---------

      NET INCOME                                            115.25
                                                         =========



    Peggy Bates
    Treasurer
    September 14, 2000