Lincoln Trail Libraries System
Cooperative Service Fund
For the Nine Months Ending March 31, 2007
ASSETS
CURRENT ASSETS
Cash	($55,805)
Certificates of Deposit/Money Market	262,838
Accounts Receivable (Due from Related)	93
Inventory	10,079
Prepaid Expenses	141
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Total Current Assets	217,346
PROPERTY, PLANT AND EQUIPMENT
Equipment	16,715
Accumulated Depreciation	(16,714)
	------------
	------------
TOTAL ASSETS	$217,347
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	855
Accrued Liabilities	(36)
Compensated Absences	2,637
	------------
TOTAL LIABILITIES	3,456
FUND BALANCES
Designated Fund Balances	135,000
Retained Earnings	65,304
Net Profit/(Loss)	13,587
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TOTAL FUND BALANCES	213,891
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TOTAL LIABILITIES & FUND BALANCES	$217,347
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