Lincoln Trail Libraries System
Cooperative Service Fund
For the Eleven Months Ending May 31, 2007
ASSETS
CURRENT ASSETS
Cash	($79,103)
Certificates of Deposit/Money Market	273,038
Accounts Receivable (Due from Related)	508
Inventory	10,079
Prepaid Expenses	62
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Total Current Assets	204,584
PROPERTY, PLANT AND EQUIPMENT
Equipment	16,715
Accumulated Depreciation	(16,714)
	------------
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TOTAL ASSETS	$204,584
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LIABILITIES & FUND BALANCES
LIABILITIES
Accrued Liabilities	12
Compensated Absences	2,637
	------------
TOTAL LIABILITIES	2,649
FUND BALANCES
Designated Fund Balances	135,000
Retained Earnings	65,304
Net Profit/(Loss)	1,631
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TOTAL FUND BALANCES	201,935
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TOTAL LIABILITIES & FUND BALANCES	$204,584
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