National Capital FreeNet
Statement of Revenue, Expenses, and Surplus
Period ended August 31, 1995
				Actuals	Budget	Actuals	Budget	
				Aug-95	Aug-95	YTD 95	YTD 95	
Revenue
	Donations		$16,683 $21,668 $124,892$138,339 	
	Government grants (1)	($5,710)$0 	$17,500 $97,451 	
	Conference		$0 	$0 	$0 	$0 	
	Fundraising (2)		$20,226 $5,189 	$63,673 $53,044 	
	Deferred contributions	$0 	$0 	$11,070 $7,900 	
	Promotional items	($54)	$583 	$3,103 	$3,667 	
	Public access 		$0 	$0 	$530 	$0 	
		Total revenue	$31,146 $27,440 $220,767$300,401 	

Expenses
	Telecommunications (3)	$4,996  $8,132 	$44,606 $62,603 	
	System administration	$5,627 	$4,201 	$39,141 $33,608 	
	Conference		$0 	$0 	$0 	$0 	
	Office staff & supplies	$2,299 	$2,560 	$20,039 $25,355 	
	Depreciation		$0 	$0 	$24,901 $23,775 	
	Admin. and prof. fees	$7,386  $5,473 	$44,357 $45,161 	
	Fundraising 		$5,115 	$4,507 	$32,163 $37,806 	
	Costs of Grants (1)	($2,675)$0 	$0 	$0 	
	Promotional items	($399)	$0 	$6,018 	$1,500 	
	Public events		$0 	$83 	$399 	$667 	
	Public access		$91 	$4,200 	$722 	$21,102 	
		Total expenses	$22,441 $29,157 $212,347$251,576 	

Excess of revenue over expenses	$8,705 	($1,718)$8,420 	$48,825 	


Notes:
	1) Grant Revenue and Grant Costs restated as related to 
		Telecommunities Canada, not National Capital FreeNet
	2) Fundraising included $17,000 of $49,475 received to 
		date relating to the RMOC Challenge Fund
	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 August 31, 1995
						Actuals	Budget	
						Aug-95	Aug-95	
Assets
	Current assets
		Cash				$72,044 $83,380 	
		Other current assets (4)	$3,123 	$0 	
						$75,167 $83,380 	

	Capital equipment, net of depreciation				
		Computer equipment (5)		$75,421 $103,064 	
		Systems software (6)		$36,909 $0 	
		Telecommunications equip. (5)	$83,753 $103,588 	
		Business equipment (7)		$0 	$10,100 	
						$196,083$216,752 	
		Less accumulated depreciation	$69,435 $64,232 	
						$126,648$152,520 	

	Total assets				$201,815$235,900 	


Liabilities and Surplus
	Accounts payable & accrued liab. (8)	$14,845 $10,382 	

	Def. contributions, net of amort.	$56,601 $57,164 	

	Surplus					$130,369$168,354 	

	Total liabilities and surplus		$201,815$235,899 	

Notes
	4) Other Current Assets includes prepaid insurance and
		accrued receivable from National Capital Airshow
	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) Accrued Liabilities includes $2,640 Audit fees; 
		$4,368 ONET fees

--
Jeff Bossert, NCF Treasurer