National Capital Freenet													
Statement of Revenue, Expenses, and Surplus													
Period ended March 31, 1996							
					Actuals	Budget	Actuals	Budget
					Mar-96	Mar-96	YTD 96	YTD 96
Revenue													
	Donations (1)			$8,024 	$23,500 $33,892 $70,500 
	Government grants (2)		$10,000 $5,000 	$10,000 $5,000 
	Fundraising (3)			$1,700 	$8,400 	$6,734 	$25,700 
	Deferred contributions		$6,110 	$7,960 	$6,110 	$7,960 
	Promotional items 		$224 	$500 	$1,617 	$1,500 
	Public access cost recoveries	$0 	$0 	$0 	$0 
		Total revenue		$26,058 $45,360 $58,352 $110,660 
													
													
Expenses													
	Telecommunications (4)		$5,577 	$7,907 	$16,578 $24,232 
	System administration		$6,398 	$7,578 	$23,553 $22,735 
	Office staff and supplies	$2,597 	$2,690 	$7,913 	$7,820 
	Volunteer Coordination		$1,429 	$1,675 	$3,317 	$5,025 
	Administration and prof. fees	$4,923 	$6,255 	$16,822 $18,765 
	Fundraising 			$3,815 	$4,056 	$9,613 	$12,458 
	Costs of Grants			$0 	$0 	$0 	$0 
	Promotional items		$0 	$50 	$29 	$150 
	Depreciation			$15,033 $18,539 $15,033 $18,539 
	Public events			$0 	$100 	$217 	$500 
	Public access			$0 	$0 	$0 	$0 
		Total expenses		$39,772 $48,851 $93,075 $110,224 
													
Excess of revenue over expenses		(13,714)(3,490) (34,723)$437 
	Surplus, beginning of period	$151,729$171,665$172,738$167,738 
													
Surplus, end of period			$138,015$168,175$138,015$168,175 
													
													
	1) Budget includes $15K new registrant donations, $3K Showcase 
		Donations and $4.7K Gold Key Donations												
	2) $10k received from 1996 Economic Development Grant  RMOC, 
		Budget $5K is Challenge Fund RMOC 												
	3) Budget includes $7K from personaized ID's from new & used 
		registrants												
	4) Budget includes expansion of number of dial-up lines.												
													
													
					
													
National Capital Freenet													
Balance Sheet													
For the period ended March 31, 1996			Actuals	Budget
							Mar-96	Mar-96
Assets													
	Cash						$69,915 $58,470 
	Other current assets (5)			$5,211 	$211 
							$75,126 $58,681 
	Capital equipment											
		Computer equipment			$113,830$122,830 
		Systems software			$36,909 $44,409 
		Telecommunications equipment		$83,753 $118,353 
		Business equipment			$6,033 	$11,033 
							$240,525$296,625 
		Less accumulated depreciation		$114,244$117,750 
							$126,281$178,875 
													
	Total assets					$201,407$237,555 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities (6)	$15,921 ($5,840)
													
	Deferred contributions, net of amortization	$47,471 $75,221 
													
	Surplus						$138,015$168,175 
													
	Total liabilities and surplus			$201,407$237,555 
													
													
													
	(5) Accounts receivable includes $5,000 from RMOC under the 
		Challenge Grant												
	(6) Accrued liabilities includes ONET $8.1K, 1996 audit $1.0K												
													

--
Jeff Bossert (bossert@freenet.carleton.ca)

Treasurer, and Board Member, National Capital FreeNet
President, Softgate