Date: 9/16/05                          Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                     As Of 6/30/05
                                             For COOPERATIVE SERVICE FUND
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  Main St. Bank & Trust  Prime Investment                                            (21,613.74)
                  Main St. Bank & Trust  Board Checking                                               (2,847.16)
                  Main St. Bank & Trust Payroll Checking                                                   0.02
                  The Illinois Funds-Money Market                                                     29,546.78
                  The Illinois Funds-Prime Funds                                                     157,612.74
                  Due from Related Parties                                                               218.91
                  Inventory                                                                            8,478.94
                  Prepaid Expenses                                                                       112.59
               PROPERTY, PLANT AND EQUIPMENT
                  Equipment                                                                           16,714.95
                  Accumulated Depreciation                                                           (16,714.46)

               TOTAL ASSETS                                                                         $171,509.57

               LIABILITIES
                  Accounts Payable                                                                      $756.29
               Accrued Liabilities
                  Other Accrued Liabilities                                                              718.18
                  Compensated Absences                                                                 1,681.60

               TOTAL LIABILITIES                                                                      $3,156.07
               FUND EQUITY
               Designated Fund Balance
                  Appropriated Funds                                                                 110,000.00
                  Retained Earnings                                                                   13,878.42
               Net Profit/(Loss)                                                                     $44,475.08

               TOTAL FUND EQUITY                                                                    $168,353.50

               TOTAL LIABILITIES & FUND BALANCE                                                     $171,509.57