National Capital Freenet
Statement of Revenue, Expenses, and Surplus
Period ended Jun 30, 1995
					Actuals	Budget	Actuals	Budget
					Jun-95	Jun-95	YTD 95  YTD 95
Revenue
	Donations (note #3)		$10,986 $21,668 $99,508 $100,004 
	Government grants		$0 	$82,451 $23,210 $82,451 
	Conference			$0 	$0 	$0 	$0 
	Fundraising (note #1)		$14,270 $3,839 	$20,616 $44,766 
	Deferred contributions (note #2)$5,535 	$5,144 	$11,070 $7,900 
	Promotional items		$2,133 	$583 	$2,956 	$2,500 
	Public access cost recoveries	$0 	$0 	$530 	$0 
		Total revenue		$32,925 $113,685$157,890$237,621 

Expenses
	Telecommunications		$4,940 	$17,032 $34,613 $46,338 
	System administration		$5,327  $4,201 	$30,343 $25,206 
	Conference			$0 	$0 	$0 	$0 
	Office staff and supplies	$2,493 	$2,685 	$15,255 $19,210 
	Depreciation			$12,256 $13,547 $24,901 $23,775 
	Administration and prof. fees	$5,418 	$5,473 	$31,703 $34,089 
	Fundraising 			$3,446 	$4,632 	$23,308	$28,292 
	Costs of Grants			$0 	$0 	$2,675 	$0 
	Promotional items		$1,085 	$0 	$6,391 	$1,000 
	Public events			$0 	$83 	$399 	$500 
	Public access			$91 	$4,200 	$540 	$12,701 
		Total expenses		$35,056 $51,854 $170,128$191,112 

Excess of revenue over expenses		($2,131)$61,830 ($12,238)$46,510 


Notes:
	1) Fundraising Projects includes the donations received under the 
		Challenge Fund with the RMOC.
	2) Deferred Contributions includes the quarterly amortization of 
		contributed equipment from prior years.
	3) Regular Donations has decreased significantly as these funds 
		are being pledged to the Challenge Fund.


National Capital Freenet
Balance Sheet
As at Jun 30, 1995
							Actuals	Budget
							Jun-95	Jun-95
Assets
	Current assets
		Cash					$68,576 $76,238 
		Other current assets (note #1)		$720 	$0 
							$69,296 $76,238 

	Capital equipment, net of depreciation
		Computer Equipment			$75,421 $103,064 
		Systems software (note #2)		$36,909	$0 
		Telecommunications equipment		$83,753 $103,588 
		Business Equipment (note #3)		$0 	$10,100 
							$196,083$216,752 
		Less accumulated depreciation		$69,435 $64,232 
							$126,648$152,520 

	Total assets					$195,944$228,758 


Liabilities and Surplus
	Accounts payable and accrued liabilities	$29,631 $6,055 
	
	Deferred contributions, net of amortization	$56,601	$57,164 

	Surplus						$109,711$165,539 

	Total liabilities and surplus			$195,944$228,758 


Notes
	1) Other Current Assets includes prepaid insurance
	2) Systems Software relates to unbudgeted Oracle software contribution.
	3) Budgeted Business Equipment is related to equipment required for 
   		relocation of office.


--
Jeff Bossert, NCF Treasurer
Senior Engineer, Comgate Engineering