Date: 4/17/2006                        Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                   As Of 10/31/2005
                                                For LIVE & LEARN GRANTS
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  Main St. Bank & Trust  Prime Investment                                             39,103.04
                  Main St. Bank & Trust  Board Checking                                                5,477.88
                  Main St. Bank & Trust Payroll Checking                                                 (11.79)
                  Main St. Bank & Trust Grant Account                                                  3,500.00
                  The Illinois Funds-Money Market                                                    (43,261.86)
               PROPERTY, PLANT AND EQUIPMENT

               TOTAL ASSETS                                                                           $4,807.27

               LIABILITIES
                  Accounts Payable                                                                      ($33.13)
               Accrued Liabilities
                  Deferred Revenue                                                                        25.40
                  Compensated Absences                                                                   952.01

               TOTAL LIABILITIES                                                                        $944.28
               FUND EQUITY
                  Reserve for Encumbrances                                                           $12,041.05
               Designated Fund Balance
                  Operating Expenses Fund                                                            (12,041.05)
                  Unreserved/Undesignated Funds                                                       24,721.38
               Net Profit/(Loss)                                                                    ($20,858.39)

               TOTAL FUND EQUITY                                                                      $3,862.99

               TOTAL LIABILITIES & FUND BALANCE                                                       $4,807.27