Date: 4/17/2006                        Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                   As Of 10/31/2005
                                            For General & Internal Service
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  Petty Cash                                                                            $100.00
                  Main St. Bank & Trust  Prime Investment                                           (491,297.94)
                  Main St. Bank & Trust  Board Checking                                              (54,159.37)
                  Main St. Bank & Trust Payroll Checking                                               1,012.19
                  Main St. Bank & Trust Grant Account                                                     39.28
                  Certificates of Deposit                                                            100,000.00
                  The Illinois Funds-Money Market                                                    748,062.84
                  The Illinois Funds-Prime Funds                                                     811,221.44
                  Due from Related Parties                                                            31,047.35
                  Inventory                                                                            8,478.94
                  Prepaid Expenses                                                                    20,499.00
               PROPERTY, PLANT AND EQUIPMENT
                  Land                                                                               $20,773.00
                  Building and Improvements                                                          534,015.26
                  Equipment                                                                        1,694,169.74
                  Accumulated Depreciation                                                          (417,566.70)
                  Amount Provided-Long Term Debt                                                      43,504.93

               TOTAL ASSETS                                                                       $3,049,899.96

               LIABILITIES
                  Accounts Payable                                                                   $77,350.85
               Accrued Liabilities
                  IMRF/TIAA_CREF Withholding Payable                                                      (0.02)
                  Health Insurance Withholding Payable                                                   472.65
                  Unemployment Insurance Payable                                                          74.09
                  Deferred Revenue                                                                    18,973.47
                  Compensated Absences                                                                58,839.40
                  Investment in Gen'l Fixed Assets                                                 1,602,567.12

               TOTAL LIABILITIES                                                                  $1,758,277.56
               FUND EQUITY
                  Reserve for Encumbrances                                                           $61,956.70
               Designated Fund Balance
                  Operating Expenses Fund                                                            274,607.53
                  Capital Maintenance Fund                                                           203,481.06
                  Unreserved/Undesignated Funds                                                        9,221.32
                  Appropriated Funds                                                                 256,153.00
                  Contributed Capital                                                                 84,441.00
                  Retained Earnings                                                                   34,714.66
               Net Profit/(Loss)                                                                    $367,047.13

               TOTAL FUND EQUITY                                                                  $1,291,622.40

               TOTAL LIABILITIES & FUND BALANCE                                                   $3,049,899.96