National Capital Freenet													
Statement of Revenue, Expenses, and Surplus													
Period ended Nov 30, 1996

					Actuals	Budget	Fcst5	Actuals	Budget
					Nov-96	Nov-96	Nov-96	YTD1996	YTD1996
Revenue													
	Donations (1)			$11,173 $22,000 $9,600 	$85,788 $232,000 
	Government grants		$0 	$0 	$0 	$28,000 $60,000 
	Fundraising (2)			$2,461 	$9,100 	$1,700 	$83,077 $112,300 
	Deferred contributions		$0 	$0 	$0 	$21,104 $25,006 
	Promotional items 		$120 	$0 	$0 	$3,826 	$3,000 
	Pub. acc. cost rec. & other rev.$0 	$0 	$0 	$1,070 	$0 
		Total revenue		$13,754 $31,100 $11,300 $222,864$432,306 
													
													
Expenses													
	Telecommunications		$5,860 	$12,646	$6,725 	$63,746 $120,660 
	System administration		$3,484 	$6,424 	$2,841 	$71,885 $75,282 
	Office staff and supplies	$3,602 	$4,636 	$3,637 	$30,698 $41,401 
	Volunteer Coordination (3)	$443 	$1,675 	$50 	$9,304 	$18,425 
	Administration and prof. fees	$4,849 	$6,305 	$5,880 	$63,978 $69,155 
	Fundraising 			$0 	$3,298 	$0 	$32,608 $46,152 
	Costs of Grants			$0 	$0 	$0 	$0 	$10,000 
	Promotional items		$0 	$0 	$0 	$115 	$300 
	Depreciation			$0 	$0 	$0 	$49,277 $59,711 
	Public events			$0 	$100 	$0 	$217 	$1,300 
	Public access			$0 	$1,340 	$0 	$0 	$4,020 
		Total expenses		$18,239 $36,424 $19,133 $321,829$446,405 
													
Excess of revenue over expenses		(4,485)	(5,324)	 (7,833)(98,965)(14,099)
	Surplus, beginning of period	$78,257 $158,962 $61,827$172,738$167,738 
													
Surplus, end of period			$73,772 $153,639 $53,994 $73,772$153,639 
													
													
	1) Donations includes $3K in member renewal donations												
	2) Fundraising receipts are PFAs only												
	3) The Volunteer Coordination expense represents parking vouchers 
		and fees charged back from Carleton												
													
																									
													
													
National Capital Freenet													
Balance Sheet													
For the period ended Nov 30, 1996			

							Actuals	Fcst 5	Budget
							Nov-96	Nov-96	Nov-96
Assets													
	Cash						$25,966 $22,861 $30,170 
	Other current assets 				$178 	$178 	$741 
							$26,143 $23,038 $30,911 
	Capital equipment (4)												
		Computer equipment			$122,780$122,780$147,830 
		Systems software			$43,784 $43,784 $46,909 
		Telecommunications equipment		$112,508$112,508$118,353 
		Business equipment			$6,033 	$6,033 	$41,533 
							$285,105$285,105$354,625 
		Less accumulated depreciation		$148,488$148,488$158,922 
							$136,617$136,617$195,703 
													
	Total assets					$162,760$159,655$226,614 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities (5)	$26,931 $31,215 ($3,200)
													
	Deferred contributions, net of amortization	$62,057 $62,057 $76,175 
													
	Surplus						$73,772 $66,383 $153,639 
													
	Total liabilities and surplus			$162,760$159,655$226,614 
													
	(4) Purchases of Computer and Terminal Server-$15K has been accrued for 
		and not yet paid for these.												
	(5) Accounts Payable and Accrued liabilities include the following major 
		items												
			ONET Fees (Carleton University)		$1,869 						
			Equipment (Carleton University)		$15,000 						
			Telecomm Lines (Bell Canada)		$4,000 						
			Audit Fees accrued (KPMG)		$3,630 						
													
																																					
													
National Capital Freenet													
Statement of Changes in Financial Position													
For the period ended Nov 30, 1996	
												
					Actuals	Budget	Fcst 5	Actuals	Budget
					Nov-96	Nov-96	Nov-96	YTD1996	YTD1996
Operating activities													
	Excess of revenue over expenses	(4,485)	(5,324)	(7,833)	(98,965)(14,099)
	Items not involving cash:												
		Deferred contributions	$0 	$0 	$0 	(21,104)(25,006)
		Depreciation		$0 	$0 	$0 	$49,277 $59,711 
	Net chg. in non-cash work. cap.												
		Acc Rec & Prepaid Exp.	$130 	$130 	$130 	$5,423 	(140)
		Acc Pay & accrued liab.	$148 	$330 	$1,955 	$10,450 (19,680)
		Cash provided by ops	(4,207)	(4,864)	(5,748)	(54,919)$786 
													
Investing activities													
	Purchase of equipment for cash	$0 	$0 	$0 	$15,000 $66,500 
		Cash applied to invest.	$0 	$0 	$0 	$15,000 $66,500 
													
Increase in cash during the period	(4,207)	(4,864)	(5,748)	(69,919)(65,714)
Cash, beginning of period		$30,173 $35,033 $28,609 $95,885 $95,884 
													
Cash, end of period			$25,966 $30,170 $22,861 $25,966 $30,170 
													

--
Jeff Bossert (bossert@freenet.carleton.ca)
:
Treasurer and Director, National Capital FreeNet
Senior Engineer, Comgate Engineering