Lincoln Trail Libraries System
Cooperative Service Fund
For the Two Months Ending August 31, 2007
ASSETS
CURRENT ASSETS
Cash	($57,478)
Certificates of Deposit/Money Market	288,100
Accounts Receivable (Due from Related)	9,104
Inventory	7,972
Prepaid Expenses	38
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Total Current Assets	247,736
PROPERTY, PLANT AND EQUIPMENT
Equipment	16,715
Accumulated Depreciation	(16,714)
	------------
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TOTAL ASSETS	$247,737
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	1,893
Accrued Liabilities	55
Compensated Absences	4,475
	------------
TOTAL LIABILITIES	6,424
FUND BALANCES
Designated Fund Balances	135,000
Retained Earnings	94,456
Net Profit/(Loss)	11,858
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TOTAL FUND BALANCES	$241,313
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TOTAL LIABILITIES & FUND BALANCES	$247,737
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