Lincoln Trail Libraries System
ALL FUNDS
For the Twelve Months Ending June 30, 2007
ASSETS
CURRENT ASSETS
Cash	($2,320.30)
Certificates of Deposit/Money Market	1,211,705.71
Accounts Receivable (Due from Related)	294,956.71
Inventory	7,971.66
Prepaid Expenses	5,970.25
	---------------
Total Current Assets	1,518,284.03
PROPERTY, PLANT AND EQUIPMENT
Land	20,773.00
Building and Improvements	534,015.26
Equipment	1,688,271.15
Accumulated Depreciation	(476,697.50)
	---------------
Total Property, Plant and Equipment	1,766,361.91
	---------------
TOTAL ASSETS	$3,284,645.94
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	(13.13)
Accrued Liabilities	39,320.29
Deferred Revenue	421.04
Compensated Absences	61,402.57
Investment in Gen'l Fix Assets	1,602,567.12
	---------------
TOTAL LIABILITIES	1,703,697.89
FUND BALANCES
Reserve for Encumbrances	85,365.17
Designated Fund Balances	1,111,809.71
Contributed Capital	84,441.00
Retained Earnings	142,720.85
Net Profit/(Loss)	156,611.32
	---------------
TOTAL FUND BALANCES	1,580,948.05
	---------------
TOTAL LIABILITIES & FUND BALANCES	$3,284,645.94
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