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    1/18/05  /05                                          Lincoln Trail Libraries System                                               Page: 1
                                                                Income Statement
                                                          For the Month Ending 12/31/04
                                                          For COOPERATIVE SERVICE FUND
                                                                For All Programs
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Revenue
              Continuing Education Services              (165.00)         16,285.00            25,250.00           8,965.00           35.51
              Cooperative Purchases (Products)             49.66           1,691.48                 0.00         (1,691.48)            0.00
              Duplicating Services                      1,552.91          13,931.67            19,949.00           6,017.33           30.16
              Coop Serv: Reimbursements                     0.00           2,812.88            11,545.00           8,732.12           75.64
              Facility & Equipment Rental                   0.00               0.00             1,600.00           1,600.00          100.00
              Interest Income                           2,679.98          11,118.41            11,000.00           (118.41)           (1.08)
              Other Revenue                               647.00           5,556.63            19,678.00          14,121.37           71.76

              Total Revenue                            $4,764.55         $51,396.07           $89,022.00          37,625.93            42.27%

   Date: 1/18/05                                          Lincoln Trail Libraries System                                               Page: 2
                                                                Income Statement
                                                          For the Month Ending 12/31/04
                                                           For COOPERATIVE SERVICE FUND
                                                                For All Programs
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Expenditures
           Personnel
              Library Professionals                     $1,192.30          $7,273.03           $15,399.00          8,125.97            52.77%
              Supports Services                            403.68           2,597.01             5,182.00          2,584.99            49.88
           Payroll Taxes/Fringe Benefits
              Social Security Taxes                        122.10             803.88             1,574.00            770.12            48.93
              Unemployment Insurance                        39.36              71.72               224.00            152.28            67.98
              Workers Compensation                           6.35               6.94                84.00             77.06            91.74
              Retirement Benefits                           45.64             300.51               552.00            251.49            45.56
              Health, Dental, Life Insurance               143.10             857.34             1,755.00            897.66            51.15
           Library Materials
              Nonprint Materials                             0.00           1,895.00               350.00         (1,545.00)        (441.43)
           Building and Grounds
              Utilities                                     64.32             350.21             1,000.00            649.79            64.98
              Property Insurance                            37.53             225.18               490.00            264.82            54.05
           Vehicle Expenses
           Travel/Cont Ed.-Staff and Board
              Registrations and Other Fees                   0.00              67.71               600.00            532.29            88.72
           CE & Meeting, Non Staff/Board
              Honorariums                                 $250.00          $1,470.00            $2,500.00          1,030.00            41.20%
              Supplies, Materials-CE & Meetings              0.00             450.29             1,500.00          1,049.71            69.98
              Meeting Expenses                              19.54             325.21             3,200.00          2,874.79            89.84
              Travel-CE & Meetings                           0.00             247.50             1,000.00            752.50            75.25
           Public Relations
              Public Relations                            $210.00            $285.00            $1,000.00            715.00            71.50%
           Liability Insurance
           Supplies, Postage, Printing
              Computer Supplies                             $6.20             $93.64              $535.00            441.36            82.50%
              General Office Supplies/Equip                  0.00               0.00               150.00            150.00           100.00
              Internal Printing/Photocopying             1,445.63           3,124.47            11,127.00          8,002.53            71.92
              Postage                                        0.00             290.52               110.00           (180.52)        (164.11)
           Telephone & Telcom
              Telecommunications Data/Fax                  931.09           5,500.55            11,201.00          5,700.45            50.89
           Equipment Rental
              Equipment Rental                          $1,387.40          $6,937.00           $16,740.00          9,803.00            58.56%
              Equipment Repair & Maintenance                 0.00               0.00             1,990.00          1,990.00           100.00
           Professional Services
              Consulting                                     0.00               0.00             5,000.00          5,000.00           100.00
           Contractual Services
              Outside Printing                               0.00              18.60                 0.00            (18.60)            0.00
              Other Contractual Services                 5,000.00           6,024.79                 0.00         (6,024.79)            0.00
   Date: 1/18/05                                          Lincoln Trail Libraries System                                               Page: 3
                                                                Income Statement
                                                          For the Month Ending 12/31/04
                                                           For COOPERATIVE SERVICE FUND
                                                                For All Programs
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Member Reimbursements
           Miscellaneous
              Miscellaneous                               $165.17            $190.17            $1,075.00            884.83            82.31%
           Capital Outlays (Over $750)

              Total Expenditures                       $11,469.41         $39,406.27           $84,338.00         44,931.73            53.28%

           Reserves
           Debt Service
           Other Sources
              Other Sources                                  0.00         (3,700.00)                 0.00          3,700.00             0.00
           Other Uses

           Total Expenses, Reserves and Sources        $11,469.41         $35,706.27           $84,338.00         48,631.73            57.66%

              Net Income                              ($6,704.86)         $15,689.80            $4,684.00        (11,005.80)         (234.97)%