Lincoln Trail Libraries System
Cooperative Service Fund
For the Ten Months Ending April 30, 2007
ASSETS
CURRENT ASSETS
Cash	($70,316)
Certificates of Deposit/Money Market	267,941
Accounts Receivable (Due from Related)	506
Inventory	10,079
Prepaid Expenses	111
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Total Current Assets	208,322
PROPERTY, PLANT AND EQUIPMENT
Equipment	16,715
Accumulated Depreciation	(16,714)
	------------
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TOTAL ASSETS	$208,323
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	63
Accrued Liabilities	(12)
Compensated Absences	2,637
	------------
TOTAL LIABILITIES	2,687
FUND BALANCES
Designated Fund Balances	135,000
Retained Earnings	65,304
Net Profit/(Loss)	5,331
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TOTAL FUND BALANCES	205,636
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TOTAL LIABILITIES & FUND BALANCES	$208,323
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