Lincoln Trail Libraries System
ALL FUNDS
For the Ten Months Ending April 30, 2007
ASSETS
CURRENT ASSETS
Cash	$2,741
Certificates of Deposit/Money Market	1,224,413
Accounts Receivable (Due from Related)	76,519
Inventory	10,079
Prepaid Expenses	22,043
	------------
Total Current Assets	1,335,795
PROPERTY, PLANT AND EQUIPMENT
Land	20,773
Building and Improvements	534,015
Equipment	1,688,271
Accumulated Depreciation	(476,698)
	------------
Total Property, Plant and Equipment	1,766,362
	------------
TOTAL ASSETS	$3,102,157
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	4,038
Accrued Liabilities	1,099
Deferred Revenue	421
Compensated Absences	61,403
Investment in Gen'l Fix Assets	1,602,567
	------------
TOTAL LIABILITIES	1,669,528
FUND BALANCES
Reserve for Encumbrances	85,365
Designated Fund Balances	1,111,810
Contributed Capital	84,441
Retained Earnings	142,721
Net Profit/(Loss)	8,292
	------------
TOTAL FUND BALANCES	1,432,629
	------------
TOTAL LIABILITIES & FUND BALANCES	$3,102,157
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