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    6/14/05  /05                                          Lincoln Trail Libraries System                                               Page: 1
                                                                Income Statement
                                                          For the Month Ending 3/31/05
                                                                For GENERAL FUND
                                                                For All Programs
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Revenue
           Area & Per Capita                               $0.00        $681,029.00          $825,219.00         144,190.00            17.47%
              Other Revenue                                 0.51               4.59                 0.00             (4.59)            0.00

              Total Revenue                                $0.51        $681,033.59          $825,219.00         144,185.41            17.47%

   Date: 6/14/05                                          Lincoln Trail Libraries System                                               Page: 2
                                                                Income Statement
                                                          For the Month Ending 3/31/05
                                                                 For GENERAL FUND
                                                                For All Programs
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Expenditures
           Personnel
              Library Professionals                    $20,469.24        $186,769.52          $264,259.00         77,489.48            29.32%
              Supports Services                         17,939.90         161,454.67           227,758.00         66,303.33           29.11
           Payroll Taxes/Fringe Benefits
              Social Security Taxes                      2,938.27          28,368.44            37,640.00          9,271.56           24.63
              Unemployment Insurance                       864.74           3,308.93             3,328.00             19.07            0.57
              Workers Compensation                         723.05           6,038.75             9,555.00          3,516.25           36.80
              Retirement Benefits                          964.07           9,986.45            13,210.00          3,223.55           24.40
              Health, Dental, Life Insurance             5,309.81          46,437.23            65,473.00         19,035.77           29.07
              Recruiting                                   494.73           1,057.43               300.00           (757.43)        (252.48)
           Library Materials
              Print Materials                               41.20           2,857.66             4,307.00          1,449.34           33.65
              Nonprint Materials                             0.00               0.00               200.00            200.00          100.00
           Building and Grounds
              Utilities                                  1,847.54          14,099.11            23,500.00          9,400.89           40.00
              Property Insurance                           335.47           3,019.23             4,380.00          1,360.77           31.07
              Repairs and Maintenance                       59.77           5,343.21             4,400.00           (943.21)         (21.44)
              Snow Removal                                   0.00             220.00               450.00            230.00           51.11
              Supplies                                      60.00             278.51               550.00            271.49           49.36
              Custodial Service/Supplies                     3.59             596.34             1,200.00            603.66           50.31
              Building and Grounds, Other                  780.99           2,918.37             4,000.00          1,081.63           27.04
           Vehicle Expenses
              Gas and Oil                                3,179.64          14,670.55            25,710.00         11,039.45           42.94
              Repairs and Maintenance                    2,259.24           5,940.19            10,665.00          4,724.81           44.30
              Vehicle Insurance                            772.16           7,100.50             9,812.00          2,711.50           27.64
           Travel/Cont Ed.-Staff and Board
              In State Travel                              $69.80          $4,545.54            $6,700.00          2,154.46            32.16%
              Out of State Travel                            0.00           2,432.98             3,400.00            967.02           28.44
              Registrations and Other Fees                 638.35           2,807.38             4,850.00          2,042.62           42.12
           CE & Meeting, Non Staff/Board
              Meeting Expenses                              15.72             241.82               700.00            458.18           65.45
           Public Relations
              Public Relations                            $130.00            $130.00               $50.00            (80.00)         (160.00)%
           Liability Insurance
              Liability Insurance                         $443.83          $3,994.47            $5,405.00          1,410.53            26.10%
           Supplies, Postage, Printing
              Computer Supplies                         $1,532.89         $13,044.42           $20,092.00          7,047.58            35.08%
              General Office Supplies/Equip                149.32           2,172.83             6,825.00          4,652.17           68.16
              Internal Printing/Photocopying             3,901.22          21,775.78            19,449.00         (2,326.78)         (11.96)
              Postage                                      153.78           1,836.70             3,000.00          1,163.30           38.78
           Telephone & Telcom
              Local & Long Distance                       $549.20          $3,273.17            $5,175.00          1,901.83            36.75%
              Telecommunications Data/Fax                   30.78             241.23               335.00             93.77           27.99
   Date: 6/14/05                                          Lincoln Trail Libraries System                                               Page: 3
                                                                Income Statement
                                                          For the Month Ending 3/31/05
                                                                 For GENERAL FUND
                                                                For All Programs
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Equipment Rental
              Equipment Repair & Maintenance                 0.00             617.00             3,200.00          2,583.00           80.72
              Maintenance Agreements                       228.38           2,055.42             6,920.00          4,864.58           70.30
              EDP Equipment Insurance                      199.34           1,794.00             2,742.00            948.00           34.57
           Professional Services
              Legal                                         $0.00              $0.00              $700.00            700.00           100.00%
              Accounting                                     0.00           8,000.00             8,000.00              0.00            0.00
              Consulting                                     0.00               0.00             7,650.00          7,650.00          100.00
           Contractual Services
              Information Services Costs                    $0.00            ($0.76)               $25.00             25.76           103.04%
              Outside Printing                               0.00           1,004.10             5,402.00          4,397.90           81.41
              Other Contractual Services                 2,134.63           7,200.12            11,788.00          4,587.88           38.92
           Member Reimbursements
           Miscellaneous
              Miscellaneous                               $358.93          $3,154.80            $3,405.00            250.20             7.35%
           Capital Outlays (Over $750)
              Equipment                                     $0.00              $0.00            $2,500.00          2,500.00           100.00%
              Computers                                      0.00           9,590.00            17,291.00          7,701.00           44.54
              Software                                       0.00               0.00             5,000.00          5,000.00          100.00
              Furniture & Fixtures                           0.00               0.00               900.00            900.00          100.00
              Building and Improvements                      0.00               0.00            16,800.00         16,800.00          100.00
              Vehicles                                       0.00             240.00               240.00              0.00            0.00

              Total Expenditures                       $69,579.58        $590,616.09          $879,241.00        288,624.91            32.83%

           Reserves
           Debt Service
           Other Sources
              Other Sources                               (50.00)            (50.00)                 0.00             50.00            0.00
           Other Uses

           Total Expenses, Reserves and Sources        $69,529.58        $590,566.09          $879,241.00        288,674.91            32.83%

              Net Income                             ($69,529.07)         $90,467.50         ($54,022.00)       (144,489.50)          267.46%