Date: 10/27/04                         Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                     As Of 9/30/04
                                                   For GENERAL FUND
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  Petty Cash                                                                            $100.00
                  BankIllinois Prime Investment                                                     (504,897.82)
                  BankIllinois Board Checking                                                        (16,740.21)
                  BankIllinois Payroll Checking                                                          741.18
                  BankIllinois Grant Account                                                              39.28
                  The Illinois Funds-Money Market                                                     26,496.91
                  The Illinois Funds-Prime Funds                                                     644,278.05
                  Due from Related Parties                                                               449.50
               Prepaid Expenses                                                                        4,514.50
               PROPERTY, PLANT AND EQUIPMENT
                  Land                                                                               $20,773.00
                  Building and Improvements                                                          531,370.19
                  Equipment                                                                        1,050,423.93
                  Amount Provided-Long Term Debt                                                      38,483.24

               TOTAL ASSETS                                                                       $1,796,031.75

               LIABILITIES
                  Accounts Payable                                                                    $9,647.44
               Accrued Liabilities
                  IMRF Withholding Payable                                                             3,153.61
                  Health Insurance Withholding Payable                                                   393.28
                  Other Accrued Liabilities                                                               90.00
                  Compensated Absences                                                                38,483.24
                  Investment in Gen'l Fixed Assets                                                 1,602,567.12

               TOTAL LIABILITIES                                                                  $1,654,334.69
               FUND EQUITY
                  Reserve for Encumbrances                                                           $59,304.49
               Designated Fund Balance
                  Operating Expenses Fund                                                            277,259.74
               Net Profit/(Loss)                                                                   ($194,867.17)

               TOTAL FUND EQUITY                                                                    $141,697.06

               TOTAL LIABILITIES & FUND BALANCE                                                   $1,796,031.75