Date: 12/10/04                         Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                    As Of 11/30/04
                                                For LIVE & LEARN GRANTS
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  BankIllinois Prime Investment                                                      125,126.56
                  BankIllinois Board Checking                                                           (249.96)
                  Due from Related Parties                                                           127,988.00
               PROPERTY, PLANT AND EQUIPMENT

               TOTAL ASSETS                                                                         $252,864.60

               LIABILITIES
                  Accounts Payable                                                                       $70.49
               Accrued Liabilities
                  Deferred Revenue                                                                   171,562.50

               TOTAL LIABILITIES                                                                    $171,632.99
               FUND EQUITY
               Designated Fund Balance
                  Unreserved/Undesignated Funds                                                      103,853.77
               Net Profit/(Loss)                                                                    ($22,622.16)

               TOTAL FUND EQUITY                                                                     $81,231.61

               TOTAL LIABILITIES & FUND BALANCE                                                     $252,864.60