Date: 9/16/05                          Lincoln Trail Libraries System               Page: 1
                                                     Balance Sheet
                                                     As Of 6/30/05
                                          For Gen'l & Internal Service Funds
                                                                                                   Current
                                                                                                     YTD
               ASSETS
                  CURRENT ASSETS
                  Petty Cash                                                                            $100.00
                  Main St. Bank & Trust  Prime Investment                                           (285,430.72)
                  Main St. Bank & Trust  Board Checking                                               (6,023.65)
                  Main St. Bank & Trust Payroll Checking                                               1,012.19
                  Main St. Bank & Trust Grant Account                                                     39.28
                  Certificates of Deposit                                                            100,000.00
                  The Illinois Funds-Money Market                                                    238,006.88
                  The Illinois Funds-Prime Funds                                                     801,890.79
                  Due from Related Parties                                                            11,606.22
                  Inventory                                                                            8,478.94
                  Prepaid Expenses                                                                    39,095.14
               PROPERTY, PLANT AND EQUIPMENT
                  Land                                                                               $20,773.00
                  Building and Improvements                                                          534,015.26
                  Equipment                                                                        1,681,101.74
                  Accumulated Depreciation                                                          (353,894.38)
                  Amount Provided-Long Term Debt                                                      43,504.93

               TOTAL ASSETS                                                                       $2,834,275.62

               LIABILITIES
                  Accounts Payable                                                                  $171,435.83
               Accrued Liabilities
                  IMRF/TIAA_CREF Withholding Payable                                                   4,170.12
                  Health Insurance Withholding Payable                                                   446.78
                  Other Accrued Liabilities                                                           23,741.03
                  Unemployment Insurance Payable                                                       2,500.31
                  Deferred Revenue                                                                    18,973.47
                  Compensated Absences                                                                58,839.40
                  Investment in Gen'l Fixed Assets                                                 1,602,567.12

               TOTAL LIABILITIES                                                                  $1,882,674.06
               FUND EQUITY
                  Reserve for Encumbrances                                                           $42,201.60
               Designated Fund Balance
                  Operating Expenses Fund                                                            294,362.63
                  Capital Maintenance Fund                                                           203,481.06
                  Appropriated Funds                                                                 149,546.77
                  Contributed Capital                                                                 84,441.00
                  Retained Earnings                                                                   13,878.42
               Net Profit/(Loss)                                                                    $163,690.08

               TOTAL FUND EQUITY                                                                    $951,601.56

               TOTAL LIABILITIES & FUND BALANCE                                                   $2,834,275.62