Date: 1/18/05                          Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                    As Of 12/31/04
                                             For COOPERATIVE SERVICE FUND
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  BankIllinois Prime Investment                                                      (27,562.20)
                  BankIllinois Board Checking                                                         (3,604.24)
                  The Illinois Funds-Money Market                                                     23,553.79
                  The Illinois Funds-Prime Funds                                                     147,545.48
                  Due from Related Parties                                                             1,104.83
                  Inventory                                                                            4,836.16
               Prepaid Expenses                                                                          131.66
               PROPERTY, PLANT AND EQUIPMENT
                  Equipment                                                                           16,714.95
                  Accumulated Depreciation                                                           (16,714.46)

               TOTAL ASSETS                                                                         $146,005.97

               LIABILITIES
                  Accounts Payable                                                                    $5,162.26
               Accrued Liabilities
                  Compensated Absences                                                                 1,275.49

               TOTAL LIABILITIES                                                                      $6,437.75
               FUND EQUITY
               Designated Fund Balance
                  Appropriated Funds                                                                 110,000.00
                  Retained Earnings                                                                   13,878.42
               Net Profit/(Loss)                                                                     $15,689.80

               TOTAL FUND EQUITY                                                                    $139,568.22

               TOTAL LIABILITIES & FUND BALANCE                                                     $146,005.97