National Capital FreeNet
Statement of Revenue, Expenses, and Surplus
Period ended September 30, 1995
		 		Actuals	Budget	Actuals	Budget
				Sep-95	Sep-95	YTD1995	YTD1995
Revenue
	Donations		$18,776 $21,668 $143,667$160,007 
	Government grants (#1)	$35,000 $0 	$52,500 $97,451 
	Conference		$0 	$0 	$0 	$0 
	Fundraising (#2)	$10,446 $5,839 	$74,118	$58,883 
	Deferred contributions	$5,535 	$5,769 	$16,605 $13,669 
	Promotional items	$412 	$583 	$3,515 	$4,250 
	Pub. access cost recov.	$0 	$0 	$530 	$0 
		Total revenue	$70,169 $33,859 $290,936$334,259 

Expenses
	Telecommunications (#3)	$8,923 	$16,004 $53,528 $78,607 
	System administration	$4,641 	$4,201 	$43,781 $37,809 
	Conference		$0 	$0 	$0 	$0 
	Office staff and supp.	$2,376 	$2,835 	$22,415 $28,190 
	Depreciation		$15,045 $14,972 $39,946 $38,747 
	Admin. and prof. fees	$6,153 	$5,473 	$50,510 $50,634 
	Fundraising 		$5,309 	$4,632 	$37,472 $42,438 
	Costs of Grants (#1)	$0 	$0 	$0 	$0 
	Promotional items	$7 	$0 	$6,025 	$1,500 
	Public events		$0 	$83 	$399 	$750 
	Public access		$91 	$4,200 	$813 	$25,302 
		Total expenses	$42,543 $52,401 $254,890$303,977 

Excess of revenue over expenses	$27,626($18,543)$36,046$30,282 


Notes:
	1) Grant Revenue includes $15,000 ONIP Grant and $20,000
		RMOC Grant
	2) Fundraising included $449 from Annual Auction (of $1,398 
		received to date); and $6,644 RMOC Challenge Fund
		(of $56,120 received to date)
	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 September 30, 1995
						Actuals	Budget
						Sep-95	Sep-95
Assets
	Current assets				
		Cash				$110,963$63,404 
		Other current assets (#4)	$2,993 	$0 
						$113,956$63,404 
							
		Capital equip., net of dep'n	
		Computer equipment (#5)		$104,630$103,064 
		Systems software (#6)		$36,909 $0 
		Telecom equipment (#5)		$83,753 $126,388 
		Business equipment (#7)		$2,610 	$10,100 
						$227,902$239,552 
		Less accumulated dep'n		$84,480 $79,204 
						$143,422$160,348 

	Total assets				$257,378$223,751 


Liabilities and Surplus
	Accounts payable and accrued liab. (#8)	$48,317 $12,545 

	Def. contributions, net of amort'n	$51,066 $61,395 

	Surplus					$157,995$149,811 

	Total liabilities and surplus		$257,378$223,751 

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) Accounts Payable includes Computer purchase of $29,209; 
		and Accrued Liabilities includes $2,970 Audit fees;
		$9,350 ONET fees
	9) Deferred Contributions is lower than Budget as budgeted
		Equipment Donations have not materialized.

--
Jeff Bossert, NCF Treasurer