Date: 7/19/04                          Lincoln Trail Libraries System               Page: 1
                                              Balance Sheet (Preliminary)
                                                     As Of 6/30/04
                                             For COOPERATIVE SERVICE FUND
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  BankIllinois Prime Investment                                                      (28,622.75)
                  BankIllinois Board Checking                                                         (7,371.77)
                  The Illinois Funds-Money Market                                                     20,132.58
                  The Illinois Funds-Prime Funds                                                     141,202.10
                  Due from Related Parties                                                               (68.47)
                  Inventory                                                                            4,836.16
               PROPERTY, PLANT AND EQUIPMENT
                  Equipment                                                                           16,714.95
                  Accumulated Depreciation                                                           (16,714.46)

               TOTAL ASSETS                                                                         $130,108.34

               LIABILITIES
                  Accounts Payable                                                                      $231.94
               Accrued Liabilities
                  IMRF Withholding Payable                                                               117.46
                  Other Accrued Liabilities                                                              638.39
                  Compensated Absences                                                                 1,275.49

               TOTAL LIABILITIES                                                                      $2,263.28
               FUND EQUITY
               Designated Fund Balance
                  Appropriated Funds                                                                 105,262.66
                  Retained Earnings                                                                   44,794.80
               Net Profit/(Loss)                                                                    ($22,212.40)

               TOTAL FUND EQUITY                                                                    $127,845.06

               TOTAL LIABILITIES & FUND BALANCE                                                     $130,108.34