Lincoln Trail Libraries System
ALL FUNDS
For the Seven Months Ending January 31, 2007
ASSETS
CURRENT ASSETS
Cash	$76,205
Certificates of Deposit/Money Market	1,220,531
Accounts Receivable (Due from Related)	54,076
Inventory	10,079
Prepaid Expenses	19,385
	------------
Total Current Assets	1,380,276
PROPERTY, PLANT AND EQUIPMENT
Land	20,773
Building and Improvements	534,015
Equipment	1,688,271
Accumulated Depreciation	(476,698)
	------------
Total Property, Plant and Equipment	1,766,362
	------------
TOTAL ASSETS	$3,146,638
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	(13)
Accrued Liabilities	(137)
Deferred Revenue	1,445
Compensated Absences	61,403
Investment in Gen'l Fix Assets	1,602,567
	------------
TOTAL LIABILITIES	1,665,264
FUND BALANCES
Reserve for Encumbrances	85,365
Designated Fund Balances	1,111,810
Contributed Capital	84,441
Retained Earnings	142,721
Net Profit/(Loss)	57,037
	------------
TOTAL FUND BALANCES	1,481,373
	------------
TOTAL LIABILITIES & FUND BALANCES	$3,146,638
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