Date: 10/27/04                         Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                     As Of 9/30/04
                                          For Gen'l & Internal Service Funds
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  Petty Cash                                                                            $100.00
                  BankIllinois Prime Investment                                                     (295,470.06)
                  BankIllinois Board Checking                                                        (78,416.79)
                  BankIllinois Payroll Checking                                                          741.18
                  BankIllinois Grant Account                                                              39.28
                  Certificates of Deposit                                                            100,000.00
                  The Illinois Funds-Money Market                                                    141,486.39
                  The Illinois Funds-Prime Funds                                                     674,063.16
                  Due from Related Parties                                                            88,327.17
                  Inventory                                                                            4,836.16
               Prepaid Expenses                                                                       13,707.47
               PROPERTY, PLANT AND EQUIPMENT
                  Land                                                                               $20,773.00
                  Building and Improvements                                                          534,015.26
                  Equipment                                                                        1,680,259.15
                  Accumulated Depreciation                                                          (353,894.38)
                  Amount Provided-Long Term Debt                                                      38,483.24

               TOTAL ASSETS                                                                       $2,569,050.23

               LIABILITIES
                  Accounts Payable                                                                  $153,649.27
               Accrued Liabilities
                  IMRF Withholding Payable                                                             4,500.62
                  Health Insurance Withholding Payable                                                   393.28
                  Other Accrued Liabilities                                                              156.00
                  Deferred Revenue                                                                    18,973.47
                  Compensated Absences                                                                49,971.86
                  Investment in Gen'l Fixed Assets                                                 1,602,567.12

               TOTAL LIABILITIES                                                                  $1,830,211.62
               FUND EQUITY
                  Reserve for Encumbrances                                                           $59,304.49
               Designated Fund Balance
                  Operating Expenses Fund                                                            277,259.74
                  Capital Maintenance Fund                                                           203,481.06
                  Appropriated Funds                                                                 149,546.77
                  Contributed Capital                                                                 84,441.00
                  Retained Earnings                                                                   13,878.42
               Net Profit/(Loss)                                                                    ($49,072.87)

               TOTAL FUND EQUITY                                                                    $738,838.61

               TOTAL LIABILITIES & FUND BALANCE                                                   $2,569,050.23