Date: 9/16/05                          Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                     As Of 6/30/05
                                                   For GENERAL FUND
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  Petty Cash                                                                            $100.00
                  Main St. Bank & Trust  Prime Investment                                           (385,774.28)
                  Main St. Bank & Trust  Board Checking                                               (9,482.62)
                  Main St. Bank & Trust Payroll Checking                                               1,018.26
                  Main St. Bank & Trust Grant Account                                                     39.28
                  The Illinois Funds-Money Market                                                    114,578.91
                  The Illinois Funds-Prime Funds                                                     644,278.05
                  Due from Related Parties                                                               309.81
                  Prepaid Expenses                                                                     8,434.21
               PROPERTY, PLANT AND EQUIPMENT
                  Land                                                                               $20,773.00
                  Building and Improvements                                                          531,370.19
                  Equipment                                                                        1,051,266.52
                  Amount Provided-Long Term Debt                                                      43,504.93

               TOTAL ASSETS                                                                       $2,020,416.26

               LIABILITIES
                  Accounts Payable                                                                   $26,953.30
               Accrued Liabilities
                  IMRF/TIAA_CREF Withholding Payable                                                   4,170.12
                  Health Insurance Withholding Payable                                                   446.78
                  Other Accrued Liabilities                                                           16,893.25
                  Unemployment Insurance Payable                                                       2,500.31
                  Compensated Absences                                                                43,504.93
                  Investment in Gen'l Fixed Assets                                                 1,602,567.12

               TOTAL LIABILITIES                                                                  $1,697,035.81
               FUND EQUITY
                  Reserve for Encumbrances                                                           $42,201.60
               Designated Fund Balance
                  Operating Expenses Fund                                                            294,362.63
               Net Profit/(Loss)                                                                    ($13,183.78)

               TOTAL FUND EQUITY                                                                    $323,380.45

               TOTAL LIABILITIES & FUND BALANCE                                                   $2,020,416.26