Lincoln Trail Libraries System
ALL FUNDS
For the Eleven Months Ending May 31, 2007
ASSETS
CURRENT ASSETS
Cash	$94,975
Certificates of Deposit/Money Market	1,323,200
Accounts Receivable (Due from Related)	10,161
Inventory	10,079
Prepaid Expenses	13,809
	------------
Total Current Assets	1,452,226
PROPERTY, PLANT AND EQUIPMENT
Land	20,773
Building and Improvements	534,015
Equipment	1,688,271
Accumulated Depreciation	(476,698)
	------------
Total Property, Plant and Equipment	1,766,362
	------------
TOTAL ASSETS	$3,218,588
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	795
Accrued Liabilities	660
Deferred Revenue	421
Compensated Absences	61,403
Investment in Gen'l Fix Assets	1,602,567
	------------
TOTAL LIABILITIES	1,665,846
FUND BALANCES
Reserve for Encumbrances	85,365
Designated Fund Balances	1,111,810
Contributed Capital	84,441
Retained Earnings	142,721
Net Profit/(Loss)	128,405
	------------
TOTAL FUND BALANCES	1,552,742
	------------
TOTAL LIABILITIES & FUND BALANCES	$3,218,588
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