Lincoln Trail Libraries System
General Fund
For the Two Months Ending August 31, 2007
ASSETS
CURRENT ASSETS
Cash	($1,279,040)
Certificates of Deposit/Money Market	1,451,038
Accounts Receivable (Due from Related)	148
Prepaid Expenses	2,045
	------------
Total Current Assets	174,191
PROPERTY, PLANT AND EQUIPMENT
Land	20,773
Building and Improvements	531,370
Equipment	1,050,424
	------------
Total Property, Plant and Equipment	1,602,567
	------------
TOTAL ASSETS	$1,776,758
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	5,684
Accrued Liabilities	272
Compensated Absences	40,440
Investment in Gen'l Fix Assets	1,602,567
	------------
TOTAL LIABILITIES	1,648,963
FUND BALANCES
Reserve for Encumbrances	1,500
Designated Fund Balances	238,581
Net Profit/(Loss)	(112,287)
	------------
TOTAL FUND BALANCES	$127,795
	------------
TOTAL LIABILITIES & FUND BALANCES	$1,776,758
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