Date: 6/14/05                          Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                     As Of 4/30/05
                                             For COOPERATIVE SERVICE FUND
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  BankIllinois Prime Investment                                                      (38,065.61)
                  BankIllinois Board Checking                                                         (1,415.72)
                  BankIllinois Payroll Checking                                                            0.02
                  The Illinois Funds-Money Market                                                     28,090.61
                  The Illinois Funds-Prime Funds                                                     153,734.32
                  Due from Related Parties                                                             1,822.31
                  Inventory                                                                            4,836.16
               Prepaid Expenses                                                                           87.78
               PROPERTY, PLANT AND EQUIPMENT
                  Equipment                                                                           16,714.95
                  Accumulated Depreciation                                                           (16,714.46)

               TOTAL ASSETS                                                                         $149,090.36

               LIABILITIES
               Accrued Liabilities
                  Compensated Absences                                                                 1,275.49

               TOTAL LIABILITIES                                                                      $1,275.49
               FUND EQUITY
               Designated Fund Balance
                  Appropriated Funds                                                                 110,000.00
                  Retained Earnings                                                                   13,878.42
               Net Profit/(Loss)                                                                     $23,936.45

               TOTAL FUND EQUITY                                                                    $147,814.87

               TOTAL LIABILITIES & FUND BALANCE                                                     $149,090.36