National Capital Freenet Statement of Revenue, Expenses, and Surplus Period ended July 31, 1995 Actuals Budget Actuals Budget Jul-95 Jul-95 YTD 95 YTD 95 Revenue Donations (note #1) $8,701 $16,668 $108,208$116,672 Government grants (note #2) $0 $15,000 $23,210 $97,451 Conference $0 $0 $0 $0 Fundraising (note #3) $22,830 $3,089 $43,446 $47,855 Deferred contributions $0 $0 $11,070 $7,900 Promotional items $201 $583 $3,157 $3,083 Public access cost recoveries $0 $0 $530 $0 Total revenue $31,731 $35,340 $189,621$272,961 Expenses Telecommunications (note #4) $4,997 $8,132 $39,609 $54,470 System administration $3,171 $4,201 $33,514 $29,407 Conference $0 $0 $0 $0 Office staff and supplies $2,486 $3,585 $17,740 $22,795 Depreciation $0 $0 $24,901 $23,775 Administration and prof. fees $5,268 $5,598 $36,971 $39,688 Fundraising $3,740 $5,007 $27,048 $33,299 Costs of Grants $0 $0 $2,675 $0 Promotional items $26 $500 $6,417 $1,500 Public events $0 $83 $399 $583 Public access $91 $4,200 $631 $16,901 Total expenses $19,779 $31,307 $189,906$222,419 Excess of revenue over expenses $11,953 $4,032 ($285) $50,542 Notes: 1) Regular Donations has decreased significantly as these funds are being pledged to the Challenge Fund. 2) Budget includes ONIP grant for third quarter; these monies are expected to arrive within that period. 3) Fundraising Projects includes the donations received under the Challenge Fund with the RMOC. 4) Telecommunications expenses are lower than budget due to budgeted expansion not taken place as of this time. National Capital Freenet Balance Sheet As at July 31, 1995 Actuals Budget Jul-95 Jul-95 Assets Current assets Cash $64,644 $82,934 Other current assets (note #5) $640 $0 $65,284 $82,934 Capital equipment, net of depreciation Computer equipment (note #6) $75,421 $103,064 Systems software (note #7) $36,909 $0 Telecommunications equipment (note #6) $83,753 $103,588 Business equipment (note #8) $0 $10,100 $196,083$216,752 Less accumulated depreciation $69,435 $64,232 $126,648$152,520 Total assets $191,932$235,454 Liabilities and Surplus Accounts payable and accrued liab. (note #9) $13,667 $8,218 Deferred contributions, net of amortization $56,601 $57,164 Surplus $121,664$170,071 Total liabilities and surplus $191,932$235,454 Notes 5) Other Current Assets includes prepaid insurance 6) Budgeted Capital included equipment expected to be donated/purchased for budgeted expansion. 7) Systems Software relates to unbudgeted Oracle software contribution. 8) Budgeted Business Equipment is related to equipment required for relocation of office. 9) Accrued Liabilities includes $3,165.37Telecommunities Cda; $2,310 Audit fees; $3,276 ONET fee -- Jeff Bossert, NCF Treasurer