Date: 9/16/05                          Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                     As Of 6/30/05
                                                    For LSTA GRANTS
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  Main St. Bank & Trust  Prime Investment                                            (40,158.62)
                  Main St. Bank & Trust  Board Checking                                               (1,336.02)
                  Main St. Bank & Trust Payroll Checking                                                   0.01
                  Grant Receivable                                                                    82,112.69
               PROPERTY, PLANT AND EQUIPMENT

               TOTAL ASSETS                                                                          $40,618.06

               LIABILITIES
                  Accounts Payable                                                                   $30,503.46
               Accrued Liabilities
                  Other Accrued Liabilities                                                            1,332.72
                  Compensated Absences                                                                 1,362.34

               TOTAL LIABILITIES                                                                     $33,198.52
               FUND EQUITY
                  Reserve for Encumbrances                                                            $8,137.20
               Designated Fund Balance
                  Operating Expenses Fund                                                             (8,137.20)
               Net Profit/(Loss)                                                                      $7,419.54

               TOTAL FUND EQUITY                                                                      $7,419.54

               TOTAL LIABILITIES & FUND BALANCE                                                      $40,618.06