Date: 11/16/04                         Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                    As Of 10/31/04
                                             For COOPERATIVE SERVICE FUND
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  BankIllinois Prime Investment                                                      (31,823.76)
                  BankIllinois Board Checking                                                         (1,165.77)
                  The Illinois Funds-Money Market                                                     21,526.47
                  The Illinois Funds-Prime Funds                                                     145,034.99
                  Due from Related Parties                                                                20.71
                  Inventory                                                                            4,836.16
               Prepaid Expenses                                                                           87.77
               PROPERTY, PLANT AND EQUIPMENT
                  Equipment                                                                           16,714.95
                  Accumulated Depreciation                                                           (16,714.46)

               TOTAL ASSETS                                                                         $138,517.06

               LIABILITIES
                  Accounts Payable                                                                      $925.63
               Accrued Liabilities
                  Compensated Absences                                                                 1,275.49

               TOTAL LIABILITIES                                                                      $2,201.12
               FUND EQUITY
               Designated Fund Balance
                  Appropriated Funds                                                                 110,000.00
                  Retained Earnings                                                                   13,878.42
               Net Profit/(Loss)                                                                     $12,437.52

               TOTAL FUND EQUITY                                                                    $136,315.94

               TOTAL LIABILITIES & FUND BALANCE                                                     $138,517.06