Lincoln Trail Libraries System
Automation Fund
For the Twelve Months Ending June 30, 2007
ASSETS
CURRENT ASSETS
Cash	$159,222.72
Certificates of Deposit/Money Market	813.00
Accounts Receivable (Due from Related)	207.50
Prepaid Expenses	4,345.99
	---------------
Total Current Assets	164,589.21
PROPERTY, PLANT AND EQUIPMENT
Building and Improvements	2,645.07
Equipment	621,132.27
Accumulated Depreciation	(459,983.04)
	---------------
Total Property, Plant and Equipment	163,794.30
	---------------
TOTAL ASSETS	$328,383.51
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LIABILITIES & FUND BALANCES
LIABILITIES
Accrued Liabilities	8,461.01
Compensated Absences	13,878.23
	---------------
TOTAL LIABILITIES	22,339.24
FUND BALANCES
Designated Fund Balances	121,153.00
Contributed Capital	84,441.00
Retained Earnings	72,416.73
Net Profit/(Loss)	28,033.54
	---------------
TOTAL FUND BALANCES	306,044.27
	---------------
TOTAL LIABILITIES & FUND BALANCES	$328,383.51
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