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    11/16/04 6/04                                         Lincoln Trail Libraries System                                               Page: 1
                                                                Income Statement
                                                          For the Month Ending 10/31/04
                                                            For LIVE & LEARN GRANTS
                                                               For L&L OCLC Grant
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Revenue

              Total Revenue                                $0.00              $0.00                $0.00               0.00             0.00%

   Date: 11/16/04                                         Lincoln Trail Libraries System                                               Page: 2
                                                                Income Statement
                                                          For the Month Ending 10/31/04
                                                             For LIVE & LEARN GRANTS
                                                               For L&L OCLC Grant
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Expenditures
           Personnel
              Supports Services                          3,971.81           8,376.38            31,749.00         23,372.62            73.62
           Payroll Taxes/Fringe Benefits
              Social Security Taxes                         57.58             121.44             2,429.00          2,307.56            95.00
              Unemployment Insurance                         0.00              46.59                 0.00            (46.59)            0.00
              Retirement Benefits                          113.59             214.90               841.00            626.10            74.45
              Health, Dental, Life Insurance               102.21             781.94             4,976.00          4,194.06            84.29
              Recruiting                                     0.00             130.66                 0.00           (130.66)            0.00
           Library Materials
           Building and Grounds
           Vehicle Expenses
              Gas and Oil                                    0.00               3.48                 0.00             (3.48)            0.00
           Travel/Cont Ed.-Staff and Board
              In State Travel                               $0.00            $174.99              $796.00            621.01            78.02%
              Out of State Travel                          337.76             337.76            11,914.00         11,576.24            97.17
           CE & Meeting, Non Staff/Board
              Travel-CE & Meetings                         380.90           1,546.70                 0.00         (1,546.70)            0.00
           Public Relations
           Liability Insurance
           Supplies, Postage, Printing
              Computer Supplies                             $0.00            $267.85            $1,000.00            732.15            73.22%
              General Office Supplies/Equip                 98.19             181.94             3,000.00          2,818.06            93.94
              Internal Printing/Photocopying                13.28              67.04               500.00            432.96            86.59
              Postage                                      274.50             678.25            19,304.00         18,625.75            96.49
           Telephone & Telcom
              Local & Long Distance                         $0.00              $0.00              $704.00            704.00           100.00%
              Telecommunications Data/Fax                    7.15               7.15                 0.00             (7.15)            0.00
           Equipment Rental
           Professional Services
           Contractual Services
              Other Contractual Services                   715.00           5,968.00            14,678.00          8,710.00            59.34
           Member Reimbursements
           Miscellaneous
              Miscellaneous                                 $0.00             $15.50                $0.00            (15.50)            0.00%
           Capital Outlays (Over $750)
              Software                                       0.00             108.00                 0.00           (108.00)            0.00
   Date: 11/16/04                                         Lincoln Trail Libraries System                                               Page: 3
                                                                Income Statement
                                                          For the Month Ending 10/31/04
                                                             For LIVE & LEARN GRANTS
                                                               For L&L OCLC Grant
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining

              Total Expenditures                        $6,071.97         $19,028.57           $91,891.00         72,862.43            79.29%

           Reserves
           Debt Service
           Other Sources
           Other Uses

           Total Expenses, Reserves and Sources         $6,071.97         $19,028.57           $91,891.00         72,862.43            79.29%

              Net Income                              ($6,071.97)       ($19,028.57)         ($91,891.00)        (72,862.43)           79.29%