Lincoln Trail Libraries System
ALL FUNDS
For the Two Months Ending August 31, 2007
ASSETS
CURRENT ASSETS
Cash	($44,240)
Certificates of Deposit/Money Market	1,237,612
Accounts Receivable (Due from Related)	64,822
Inventory	7,972
Prepaid Expenses	27,801
	------------
Total Current Assets	1,293,966
PROPERTY, PLANT AND EQUIPMENT
Land	20,773
Building and Improvements	534,015
Equipment	1,688,271
Accumulated Depreciation	(535,828)
	------------
Total Property, Plant and Equipment	1,707,231
	------------
TOTAL ASSETS	$3,001,197
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	36,047
Accrued Liabilities	437
Deferred Revenue	421
Compensated Absences	65,430
Investment in Gen'l Fix Assets	1,602,567
	------------
TOTAL LIABILITIES	1,704,902
FUND BALANCES
Reserve for Encumbrances	70,370
Designated Fund Balances	1,136,135
Contributed Capital	84,441
Retained Earnings	154,127
Net Profit/(Loss)	(148,777)
	------------
TOTAL FUND BALANCES	$1,296,295
	------------
TOTAL LIABILITIES & FUND BALANCES	$3,001,197
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