Lincoln Trail Libraries System
C FUND
For the Eight Months Ending February 28, 2007
ASSETS
CURRENT ASSETS
Cash	($79,649)
Certificates of Deposit/Money Market	257,423
Accounts Receivable (Due from Related)	(20)
Inventory	10,079
Prepaid Expenses	47
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Total Current Assets	187,880
PROPERTY, PLANT AND EQUIPMENT
Equipment	16,715
Accumulated Depreciation	(16,714)
	------------
	------------
TOTAL ASSETS	$187,881
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	649
Accrued Liabilities	(59)
Compensated Absences	2,637
	------------
TOTAL LIABILITIES	3,227
FUND BALANCES
Designated Fund Balances	135,000
Retained Earnings	65,304
Net Profit/(Loss)	(15,651)
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TOTAL FUND BALANCES	184,653
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TOTAL LIABILITIES & FUND BALANCES	$187,881
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