Date: 6/23/05                          Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                     As Of 5/31/05
                                           For Cataloging Maintenance Center
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  BankIllinois Prime Investment                                                        6,501.18
                  BankIllinois Board Checking                                                             45.88
               Prepaid Expenses                                                                           12.50
               PROPERTY, PLANT AND EQUIPMENT

               TOTAL ASSETS                                                                           $6,559.56

               LIABILITIES
                  Accounts Payable                                                                       ($1.52)
               Accrued Liabilities
                  Compensated Absences                                                                   869.62

               TOTAL LIABILITIES                                                                        $868.10
               FUND EQUITY
               Designated Fund Balance
                  Unreserved/Undesignated Funds                                                       47,767.42
               Net Profit/(Loss)                                                                    ($42,075.96)

               TOTAL FUND EQUITY                                                                      $5,691.46

               TOTAL LIABILITIES & FUND BALANCE                                                       $6,559.56