Lincoln Trail Libraries System
General Fund
For the Ten Months Ending April 30, 2007
ASSETS
CURRENT ASSETS
Cash	($1,029,805)
Certificates of Deposit/Money Market	1,234,752
Accounts Receivable (Due from Related)	863
Prepaid Expenses	4,955
	------------
Total Current Assets	210,765
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	$1,813,333
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	607
Accrued Liabilities	1,120
Compensated Absences	38,134
Investment in Gen'l Fix Assets	1,602,567
	------------
TOTAL LIABILITIES	1,642,427
FUND BALANCES
Reserve for Encumbrances	25,777
Designated Fund Balances	237,855
Net Profit/(Loss)	(92,726)
	------------
TOTAL FUND BALANCES	170,905
	------------
TOTAL LIABILITIES & FUND BALANCES	$1,813,333
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