Date: 7/19/04                          Lincoln Trail Libraries System               Page: 1
                                              Balance Sheet (Preliminary)
                                                     As Of 6/30/04
                                                  For AUTOMATION FUND
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  BankIllinois Prime Investment                                                      185,798.82
                  BankIllinois Board Checking                                                        (58,028.00)
                  The Illinois Funds-Money Market                                                        813.00
                  Due from Related Parties                                                             1,010.87
               Prepaid Expenses                                                                       10,580.51
               PROPERTY, PLANT AND EQUIPMENT
                  Building and Improvements                                                            2,645.07
                  Equipment                                                                          613,120.27
                  Accumulated Depreciation                                                          (321,498.24)

               TOTAL ASSETS                                                                         $434,442.30

               LIABILITIES
                  Accounts Payable                                                                  $144,577.13
               Accrued Liabilities
                  IMRF Withholding Payable                                                             1,080.37
                  Other Accrued Liabilities                                                            5,177.97
                  Compensated Absences                                                                10,213.13

               TOTAL LIABILITIES                                                                    $161,048.60
               FUND EQUITY
               Designated Fund Balance
                  Appropriated Funds                                                                  50,140.68
                  Contributed Capital                                                                 84,441.00
                  Retained Earnings                                                                  (29,432.36)
               Net Profit/(Loss)                                                                    $168,244.38

               TOTAL FUND EQUITY                                                                    $273,393.70

               TOTAL LIABILITIES & FUND BALANCE                                                     $434,442.30