Lincoln Trail Libraries System
Cooperative Service Fund
For the Seven Months Ending January 31, 2007
ASSETS
CURRENT ASSETS
Cash	($68,735.87)
Certificates of Deposit/Money Market	252,622.13
Accounts Receivable (Due from Related)	338.21
Inventory	10,079.43
Prepaid Expenses	104.03
	---------------
Total Current Assets	194,407.93
PROPERTY, PLANT AND EQUIPMENT
Equipment	16,714.95
Accumulated Depreciation	(16,714.46)
	---------------
Total Property, Plant and Equipment	0.49
	---------------
TOTAL ASSETS	$194,408.42
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LIABILITIES & FUND BALANCES
LIABILITIES
Accrued Liabilities	(24.04)
Compensated Absences	2,636.58
	---------------
TOTAL LIABILITIES	2,612.54
FUND BALANCES
Designated Fund Balances	135,000.00
Retained Earnings	65,304.12
Net Profit/(Loss)	(8,508.24)
	---------------
TOTAL FUND BALANCES	191,795.88
	---------------
TOTAL LIABILITIES & FUND BALANCES	$194,408.42
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