The Oct. '95 financial statements:

National Capital Freenet
Statement of Revenue, Expenses, and Surplus
Period ended October 31, 1995
				Actuals	Budget	Actuals	Budget
				Oct-95	Oct-95	YTD1995	YTD1995
Revenue
	Donations		$12,724 $16,668 $156,391$176,675 
	Government grants (1)	$0 	$15,000 $52,500 $112,451 
	Conference		$0 	$0 	$0 	$0 
	Fundraising (2)		$228 	$30,089 $74,346 $88,971 
	Deferred contributions	$0 	$0 	$16,605 $13,669 
	Promotional items	$1,220 	$583 	$4,735 	$4,833 
	Public access 		$0 	$0 	$530 	$0 
		Total revenue	$14,171 $62,340 $305,107$396,599 

Expenses
	Telecommunications (3)	$4,268  $17,476 $57,797 $96,084 
	System administration	$5,373 	$4,201 	$49,155 $42,010 
	Conference		$0 	$0 	$0 	$0 
	Office staff and supp.	$3,064 	$3,635 	$25,479 $31,825 
	Depreciation		$0 	$0 	$39,946 $38,747 
	Admin. & Prof. fees	$5,774 	$5,598 	$56,284 $56,232 
	Fundraising (3)		$2,817 	$10,007 $40,289 $52,445 
	Costs of Grants		$0 	$0 	$0 	$0 
	Promotional items	$88 	$500 	$6,113 	$2,000 
	Public events		$0 	$83 	$399 	$833 
	Public access		$91 	$4,200 	$904 	$29,502 
		Total expenses	$21,475 $45,701 $276,365$349,679 

Excess of revenue over expenses	($7,304)$16,638 $28,742 $46,920 


Notes:
	1) Budgeted Grant Revenue includes $15,000 ONIP Received 
		in September
	2) Fundraising Budget included $15,000 Auction Proceeds, 
		$10,000 Honourary Council Dinner and $4,978 in 
		line sponsors. Budgeted costs of $5,000 are related 
		to the dinner.
	3) Telecommunications expenses are lower than budget due to 
		budgeted expansion not taken place as of this time


National Capital Freenet
Balance Sheet
As at October 31, 1995
						Actuals	Budget
						Oct-95 Oct-95 Assets
	Current assets
		Cash				$81,941 $34,905 
		Other current assets (4)	$861 	$0 
						$82,802 $34,905 

	Capital equipment, net of depreciation
		Computer equipment (5)		$104,630$128,064 
		Systems software (6)		$36,909 $0 
		Telecommunications equip. (5)	$83,753 $149,188 
		Business equipment (7)		$5,951 	$10,100 
						----------------
						$231,243$287,352
						---------------- 
		Less accumulated depreciation	$84,480 $79,204 
						----------------
						$146,763$208,148 

	Total assets				$229,565$243,053 


Liabilities and Surplus
	Accounts payable and accrued liab. (8)	$27,808 $14,708 

	Def. contributions, net of amort. (9)	$51,066 $61,395 

	Surplus					$150,691$166,949 

	Total liabilities and surplus		$229,565$243,053 

Notes
	4) Other Current Assets includes prepaid insurance.
	5) Budgeted Capital included equipment expected to be 
		donated/purchased for budgeted expansion.
	6) Systems Software relates to unbudgeted Oracle software 
		contribution.
	7) Budgeted Business Equipment is related to equipment 
		required for relocation of office.
	8) Accounts Payable includes Accrued Liabilities of $3,300 
		for Audit fees.
	9) Deferred Contributions is lower than Budget as budgeted 
		Equipment Donations have not materialized.


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