Date: 4/8/05                           Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                     As Of 2/28/05
                                                For LIVE & LEARN GRANTS
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  BankIllinois Prime Investment                                                      109,809.69
                  BankIllinois Board Checking                                                           (138.62)
                  Due from Related Parties                                                           127,988.00
               PROPERTY, PLANT AND EQUIPMENT

               TOTAL ASSETS                                                                         $237,659.07

               LIABILITIES
                  Accounts Payable                                                                      $606.00
               Accrued Liabilities
                  Deferred Revenue                                                                   171,562.50

               TOTAL LIABILITIES                                                                    $172,168.50
               FUND EQUITY
               Designated Fund Balance
                  Unreserved/Undesignated Funds                                                      103,853.77
               Net Profit/(Loss)                                                                    ($38,363.20)

               TOTAL FUND EQUITY                                                                     $65,490.57

               TOTAL LIABILITIES & FUND BALANCE                                                     $237,659.07