Lincoln Trail Libraries System
General Fund
For the Eight Months Ending February 28, 2007
ASSETS
CURRENT ASSETS
Cash	($878,861)
Certificates of Deposit/Money Market	1,117,655
Accounts Receivable (Due from Related)	188
Prepaid Expenses	4,105
	------------
Total Current Assets	243,087
PROPERTY, PLANT AND EQUIPMENT
Land	20,773
Building and Improvements	531,370
Equipment	1,050,424
	------------
Total Property, Plant and Equipment	1,602,567
	------------
TOTAL ASSETS	$1,845,654
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	5,313
Accrued Liabilities	1,482
Compensated Absences	38,134
Investment in Gen'l Fix Assets	1,602,567
	------------
TOTAL LIABILITIES	1,647,496
FUND BALANCES
Reserve for Encumbrances	25,777
Designated Fund Balances	237,855
Net Profit/(Loss)	(65,473)
	------------
TOTAL FUND BALANCES	198,159
	------------
TOTAL LIABILITIES & FUND BALANCES	$1,845,654
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