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    7/19/04  /04                                          Lincoln Trail Libraries System                                               Page: 1
                                                          Income Statement -Preliminary
                                                          For the Month Ending 6/30/04
                                                          For COOPERATIVE SERVICE FUND
                                                                For All Programs
                                                      Current             Current          FY2004Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Revenue
              Continuing Education Services             1,867.75          26,697.27            25,250.00         (1,447.27)           (5.73)
              Cooperative Purchases (Products)            123.76             123.76             6,150.00           6,026.24           97.99
              Duplicating Services                      1,952.11          23,111.26            20,535.00         (2,576.26)          (12.55)
              Groves Dictionary of Art/Music                0.00           6,340.83                 0.00         (6,340.83)            0.00
              Coop Serv: Reimbursements                     0.00          10,394.34            10,394.00             (0.34)            0.00
              Web Hosting                                   0.00               0.00             2,400.00           2,400.00          100.00
              Facility & Equipment Rental                   0.00             445.00             1,600.00           1,155.00           72.19
              Interest Income                           1,105.99          12,488.87            11,000.00         (1,488.87)          (13.54)
              Other Revenue                               423.72           5,543.29             5,268.00           (275.29)           (5.23)

              Total Revenue                            $5,473.33         $85,144.62           $82,597.00         (2,547.62)            (3.08)%

   Date: 7/19/04                                          Lincoln Trail Libraries System                                               Page: 2
                                                                Income Statement
                                                          For the Month Ending 6/30/04
                                                           For COOPERATIVE SERVICE FUND
                                                                For All Programs
                                                      Current             Current          FY2004Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Expenditures
           Personnel
              Library Professionals                     $2,804.26         $27,807.06           $27,816.00              8.94             0.03%
              Supports Services                            625.60           5,138.85             5,557.00            418.15            7.53
           Payroll Taxes/Fringe Benefits
              Social Security Taxes                        122.08           2,437.06             2,552.00            114.94            4.50
              Unemployment Insurance                        36.16             196.05                65.00           (131.05)        (201.62)
              Workers Compensation                           8.71             138.85               138.00             (0.85)          (0.62)
              Retirement Benefits                           45.65             538.16               659.00            120.84           18.34
              Health, Dental, Life Insurance                86.42           2,100.01             2,483.00            382.99           15.42
           Library Materials
              Print Materials                                0.00               0.00                45.00             45.00          100.00
              Nonprint Materials                             0.00           6,850.00             6,945.00             95.00            1.37
           Building and Grounds
              Utilities                                    137.28             831.36             1,000.00            168.64           16.86
              Property Insurance                            37.12             445.36               585.00            139.64           23.87
              Building and Grounds, Other                    0.00               0.00                50.00             50.00          100.00
           Vehicle Expenses
           Travel/Cont Ed.-Staff and Board
              Registrations and Other Fees                   0.00             922.42                70.00           (852.42)       (1217.74)
           CE & Meeting, Non Staff/Board
              Honorariums                                 $100.00          $3,200.00            $2,500.00           (700.00)          (28.00)%
              Supplies, Materials-CE & Meetings              0.00             911.03             1,500.00            588.97           39.27
              Meeting Expenses                              23.55           1,452.96             3,200.00          1,747.04           54.60
              Travel-CE & Meetings                           0.00             175.25             1,000.00            824.75           82.48
           Public Relations
              Public Relations                              $0.00          $1,029.68            $1,000.00            (29.68)           (2.97)%
           Liability Insurance
           Supplies, Postage, Printing
              Computer Supplies                             $0.00            $406.20              $535.00            128.80            24.08%
              General Office Supplies/Equip                  0.00             131.70               300.00            168.30           56.10
              Internal Printing/Photocopying             6,659.51          11,343.15            21,199.00          9,855.85           46.49
              Postage                                        0.00             107.23                83.00            (24.23)         (29.19)
           Telephone & Telcom
              Telecommunications Data/Fax                  173.70          11,452.04            11,136.00           (316.04)          (2.84)
           Equipment Rental
              Equipment Rental                          $1,374.10         $15,970.19           $16,334.00            363.81             2.23%
              Equipment Repair & Maintenance                 0.00             242.81             1,850.00          1,607.19           86.88
           Professional Services
              Legal                                         $0.00             $87.50                $0.00            (87.50)            0.00%
              Consulting                                     0.00          13,000.00            11,000.00         (2,000.00)         (18.18)
   Date: 7/19/04                                          Lincoln Trail Libraries System                                               Page: 3
                                                                Income Statement
                                                          For the Month Ending 6/30/04
                                                           For COOPERATIVE SERVICE FUND
                                                                For All Programs
                                                      Current             Current          FY2004Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Contractual Services
              Outside Printing                              36.60              36.60             1,450.00          1,413.40           97.48
              Other Contractual Services                     0.00             918.66                 0.00           (918.66)           0.00
           Member Reimbursements
           Miscellaneous
              Miscellaneous                                 $5.67            $836.84              $775.00            (61.84)           (7.98)%
           Capital Outlays (Over $750)

              Total Expenditures                       $12,276.41        $108,707.02          $121,827.00         13,119.98            10.77%

           Reserves
           Debt Service
           Other Sources
              Other Sources                                  0.00         (1,350.00)                 0.00          1,350.00            0.00
           Other Uses

           Total Expenses, Reserves and Sources        $12,276.41        $107,357.02          $121,827.00         14,469.98            11.88%

              Net Income                              ($6,803.08)       ($22,212.40)         ($39,230.00)        (17,017.60)           43.38%