Lincoln Trail Libraries System
Cooperative Service Fund
For the Month Ending July 31, 2007
ASSETS
CURRENT ASSETS
Cash	($52,662)
Certificates of Deposit/Money Market	283,145
Accounts Receivable (Due from Related)	(50)
Inventory	7,972
Prepaid Expenses	(19)
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Total Current Assets	238,386
PROPERTY, PLANT AND EQUIPMENT
Equipment	16,715
Accumulated Depreciation	(16,714)
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TOTAL ASSETS	$238,386
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	1,893
Accrued Liabilities	55
Compensated Absences	4,475
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TOTAL LIABILITIES	6,424
FUND BALANCES
Designated Fund Balances	135,000
Retained Earnings	94,456
Net Profit/(Loss)	2,507
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TOTAL FUND BALANCES	$231,963
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TOTAL LIABILITIES & FUND BALANCES	$238,386
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