Lincoln Trail Libraries System
General Fund
For the Month Ending July 31, 2007
ASSETS
CURRENT ASSETS
Cash	($1,205,994)
Certificates of Deposit/Money Market	1,451,038
Accounts Receivable (Due from Related)	212
Prepaid Expenses	920
	------------
Total Current Assets	246,175
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	$1,848,742
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LIABILITIES & FUND BALANCES
LIABILITIES
Accounts Payable	5,684
Accrued Liabilities	374
Compensated Absences	40,440
Investment in Gen'l Fix Assets	1,602,567
	------------
TOTAL LIABILITIES	1,649,065
FUND BALANCES
Reserve for Encumbrances	1,500
Designated Fund Balances	238,581
Net Profit/(Loss)	(40,405)
	------------
TOTAL FUND BALANCES	$199,677
	------------
TOTAL LIABILITIES & FUND BALANCES	$1,848,742
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