Lincoln Trail Libraries System
Automation Fund
For the Eleven Months Ending May 31, 2007
ASSETS
CURRENT ASSETS
Cash	$181,004
Certificates of Deposit/Money Market	813
Accounts Receivable (Due from Related)	3,872
Prepaid Expenses	10,077
	------------
Total Current Assets	195,766
PROPERTY, PLANT AND EQUIPMENT
Building and Improvements	2,645
Equipment	621,132
Accumulated Depreciation	(459,983)
	------------
Total Property, Plant and Equipment	163,794
	------------
TOTAL ASSETS	$359,560
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LIABILITIES & FUND BALANCES
LIABILITIES
Accrued Liabilities	118
Compensated Absences	13,878
	------------
TOTAL LIABILITIES	13,996
FUND BALANCES
Designated Fund Balances	121,153
Contributed Capital	84,441
Retained Earnings	72,417
Net Profit/(Loss)	67,553
	------------
TOTAL FUND BALANCES	345,564
	------------
TOTAL LIABILITIES & FUND BALANCES	$359,560
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