Lincoln Trail Libraries System
Cooperative Service Fund
For the Twelve Months Ending June 30, 2007
ASSETS
CURRENT ASSETS
Cash	($72,828.86)
Certificates of Deposit/Money Market	277,984.15
Accounts Receivable (Due from Related)	15,797.99
Inventory	7,971.66
Prepaid Expenses	16.49
	---------------
Total Current Assets	228,941.43
PROPERTY, PLANT AND EQUIPMENT
Equipment	16,714.95
Accumulated Depreciation	(16,714.46)
	---------------
Total Property, Plant and Equipment	0.49
	---------------
TOTAL ASSETS	$228,941.92
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LIABILITIES & FUND BALANCES
LIABILITIES
Accrued Liabilities	5,101.01
Compensated Absences	2,636.58
	---------------
TOTAL LIABILITIES	7,737.59
FUND BALANCES
Designated Fund Balances	135,000.00
Retained Earnings	65,304.12
Net Profit/(Loss)	20,900.21
	---------------
TOTAL FUND BALANCES	221,204.33
	---------------
TOTAL LIABILITIES & FUND BALANCES	$228,941.92
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