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    9/16/05  /05                                          Lincoln Trail Libraries System                                               Page: 1
                                                                Income Statement
                                                          For the Month Ending 6/30/05
                                                          For COOPERATIVE SERVICE FUND
                                                                For All Programs
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Revenue
              Continuing Education Services             1,890.00          21,633.70            20,250.00         (1,383.70)           (6.83)
              Cooperative Purchases (Products)              0.00           1,959.14             2,500.00             540.86           21.63
              Duplicating Services                      2,647.37          36,606.96            19,949.00        (16,657.96)          (83.50)
              Coop Serv: Reimbursements                     0.00           2,812.88            11,545.00           8,732.12           75.64
              Facility & Equipment Rental                   0.00             180.00               600.00             420.00           70.00
              Interest Income                           2,872.79          28,556.71            19,000.00         (9,556.71)          (50.30)
              Other Revenue                            16,994.40          25,696.03            19,678.00         (6,018.03)          (30.58)

              Total Revenue                           $24,404.56        $117,445.42           $93,522.00        (23,923.42)           (25.58)%

   Date: 9/16/05                                          Lincoln Trail Libraries System                                               Page: 2
                                                                Income Statement
                                                          For the Month Ending 6/30/05
                                                           For COOPERATIVE SERVICE FUND
                                                                For All Programs
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Expenditures
           Personnel
              Library Professionals                     $2,139.94         $14,778.17           $15,399.00            620.83             4.03%
              Supports Services                            418.19           6,537.03             5,182.00         (1,355.03)         (26.15)
           Payroll Taxes/Fringe Benefits
              Social Security Taxes                        121.06           1,604.76             1,574.00            (30.76)          (1.95)
              Unemployment Insurance                        12.09             269.95               224.00            (45.95)         (20.51)
              Workers Compensation                          24.13              62.86                84.00             21.14           25.17
              Retirement Benefits                           39.74             563.43               552.00            (11.43)          (2.07)
              Health, Dental, Life Insurance               143.10           1,715.94             1,755.00             39.06            2.23
           Library Materials
              Print Materials                              211.03             211.03                 0.00           (211.03)           0.00
              Nonprint Materials                           324.00           2,219.00               350.00         (1,869.00)        (534.00)
           Building and Grounds
              Utilities                                    198.97             912.17             1,000.00             87.83            8.78
              Property Insurance                            37.53             450.36               490.00             39.64            8.09
           Vehicle Expenses
           Travel/Cont Ed.-Staff and Board
              Registrations and Other Fees                   0.00           1,352.71               600.00           (752.71)        (125.45)
           CE & Meeting, Non Staff/Board
              Honorariums                                   $0.00          $2,170.00            $2,500.00            330.00            13.20%
              Supplies, Materials-CE & Meetings              0.00           1,151.66             1,500.00            348.34           23.22
              Meeting Expenses                               0.00             592.85             3,200.00          2,607.15           81.47
              Travel-CE & Meetings                         881.54           2,105.54             1,000.00         (1,105.54)        (110.55)
           Public Relations
              Public Relations                              $0.00            $299.20            $1,000.00            700.80            70.08%
           Liability Insurance
           Supplies, Postage, Printing
              Computer Supplies                             $0.00             $93.64              $535.00            441.36            82.50%
              General Office Supplies/Equip                  0.00               0.00               150.00            150.00          100.00
              Internal Printing/Photocopying           (1,286.84)           3,663.13            11,127.00          7,463.87           67.08
              Postage                                        0.00             294.96               110.00           (184.96)        (168.15)
              Binding                                        0.00              35.67                 0.00            (35.67)           0.00
           Telephone & Telcom
              Telecommunications Data/Fax                  173.76           6,108.64            11,201.00          5,092.36           45.46
           Equipment Rental
              Equipment Rental                          $2,793.08         $16,667.08           $16,740.00             72.92             0.44%
              Equipment Repair & Maintenance                 0.00               0.00             1,990.00          1,990.00          100.00
              Maintenance Agreements                     1,000.00           1,000.00                 0.00         (1,000.00)           0.00
           Professional Services
              Consulting                                     0.00               0.00             5,000.00          5,000.00          100.00
   Date: 9/16/05                                          Lincoln Trail Libraries System                                               Page: 3
                                                                Income Statement
                                                          For the Month Ending 6/30/05
                                                           For COOPERATIVE SERVICE FUND
                                                                For All Programs
                                                      Current             Current          FY2005Budget           Budget             %
                                                       Period               YTD                Total             Variance        Remaining
           Contractual Services
              Outside Printing                               0.00           3,952.60                 0.00         (3,952.60)           0.00
              Other Contractual Services               (6,000.00)           2,074.60                 0.00         (2,074.60)           0.00
           Member Reimbursements
           Miscellaneous
              Miscellaneous                                 $0.00            $783.36            $1,075.00            291.64            27.13%
           Capital Outlays (Over $750)
              Software                                   5,000.00           5,000.00                 0.00         (5,000.00)           0.00

              Total Expenditures                        $6,231.32         $76,670.34           $84,338.00          7,667.66             9.09%

           Reserves
           Debt Service
           Other Sources
              Other Sources                                  0.00         (3,700.00)                 0.00          3,700.00            0.00
           Other Uses

           Total Expenses, Reserves and Sources         $6,231.32         $72,970.34           $84,338.00         11,367.66            13.48%

              Net Income                               $18,173.24         $44,475.08            $9,184.00        (35,291.08)         (384.27)%