Date: 6/14/05                          Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                     As Of 3/31/05
                                          For GEN'L & Internal Services Fund
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  Petty Cash                                                                            $100.00
                  BankIllinois Prime Investment                                                     (322,690.89)
                  BankIllinois Board Checking                                                        (64,028.17)
                  BankIllinois Payroll Checking                                                        4,474.65
                  BankIllinois Grant Account                                                              39.28
                  Certificates of Deposit                                                            100,000.00
                  The Illinois Funds-Money Market                                                    401,488.49
                  The Illinois Funds-Prime Funds                                                     796,280.79
                  Due from Related Parties                                                            54,108.12
                  Inventory                                                                            4,836.16
               Prepaid Expenses                                                                       13,315.06
               PROPERTY, PLANT AND EQUIPMENT
                  Land                                                                               $20,773.00
                  Building and Improvements                                                          534,015.26
                  Equipment                                                                        1,680,259.15
                  Accumulated Depreciation                                                          (353,894.38)
                  Amount Provided-Long Term Debt                                                      38,483.24

               TOTAL ASSETS                                                                       $2,907,559.76

               LIABILITIES
                  Accounts Payable                                                                   $85,340.05
               Accrued Liabilities
                  IMRF Withholding Payable                                                             4,392.15
                  Health Insurance Withholding Payable                                                   446.75
                  Other Accrued Liabilities                                                              120.00
                  Unemployment Insurance Payable                                                       5,434.10
                  Deferred Revenue                                                                    18,973.47
                  Compensated Absences                                                                49,971.86
                  Investment in Gen'l Fixed Assets                                                 1,602,567.12

               TOTAL LIABILITIES                                                                  $1,767,245.50
               FUND EQUITY
                  Reserve for Encumbrances                                                           $59,304.49
               Designated Fund Balance
                  Operating Expenses Fund                                                            277,259.74
                  Capital Maintenance Fund                                                           203,481.06
                  Appropriated Funds                                                                 149,546.77
                  Contributed Capital                                                                 84,441.00
                  Retained Earnings                                                                   13,878.42
               Net Profit/(Loss)                                                                    $352,402.78

               TOTAL FUND EQUITY                                                                  $1,140,314.26

               TOTAL LIABILITIES & FUND BALANCE                                                   $2,907,559.76