National Capital FreeNet Financial Statements for March 1995 Statement of Revenue, Expenses and Surplus Period ended 31 March 1995 Actuals Budget YTD 1995 YTD 1995 Revenue Donations $53,262 $40,001 Government grants $2,675 $0 Conference $0 $0 Fundraising $3,546 $12,650 Deferred contributions $5,535 $2,756 Promotional items $823 $1,000 Public Access cost recoveries $530 $0 ------- ------- Total revenue $66,371 $56,407 ------- ------- Expenses Telecommunications $19,642 $17,491 System administration $15,588 $12,603 Conference $0 $0 Office staff and supplies $7,836 $10,280 Depreciation $12,645 $10,228 Administration and professional fees $15,585 $17,545 Fundraising $11,179 $14,146 Cost of grants $2,675 $0 Promotional items $107 $500 Public events $331 $250 Public Access $268 $100 ------- ------- Total expenses $85,856 $83,143 ------- ------- Excess of revenue over expenses ($19,486) ($26,736) --------- --------- --------- --------- Notes: 1) Deferred contributions are higher than budget as the budget did not the Oracle Software contribution ($37,000) 2) Telecommunications for Mar95 includes a non-recurring credit of $2,100 due to changes in telecomm lines 3) Fundraising costs for Mar95 includes a non-recurring credit of $1,500 due to contract changes from Jan95 National Capital FreeNet Balance Sheet As of 31 March 1995 Actuals Budget Mar-95 Mar-95 Assets Current assets Cash $33,024 $17,653 Other current assets $5,350 $0 ------- ------- $38,374 $17,653 Capital equipment Computer equipment $75,421 $78,064 Systems software $36,909 $0 Telecommunications equipment $83,753 $80,788 Business equipment $0 $4,800 ------- ------- $196,083 $163,652 Less accumulated depreciation $57,179 $50,685 ------- ------- $138,904 $112,967 -------- -------- Total Assets $177,278 $130,620 -------- -------- -------- -------- Liabilities and Surplus Accounts payable and accrued liabilities $12,679 $14,719 Deferred contributions $62,136 $24,108 Surplus $102,463 $91,793 -------- -------- Total liabilities and surplus $177,278 $130,620 -------- -------- -------- -------- Notes: 1) ONIP Grant for $25,000 received in March - this amount was recognized in 1994 as a receivable 2) Other Current Assets includes amounts owed by Industry Canada 3) Deferred Contributions is greater that budget due to the software contribution by Oracle Canada in late 1994 -- ---------------------------------------------------------------------------- Lisa K. Donnelly, am412@freenet.carleton.ca Executive Director, National Capital FreeNet/Libertel de la Capitale national -----------------------------------------------------------------------------