National Capital Freenet													
Statement of Revenue, Expenses, and Surplus													
Period ended November 31, 1995													
				Actuals	Budget	Actuals	Budget
				Nov-95	Nov-95	YTD1995 YTD1995
Revenue													
	Donations		$10,729 $21,668 $167,120 $198,342 
	Government grants (1)	$0 	$0 	$52,500 $112,451 
	Conference		$0 	$0 	$0 	$0 
	Fundraising (2)		$4,267 	$7,189 	$78,613 $96,160 
	Deferred contributions	$0 	$0 	$16,605 $13,669 
	Promotional items	$402 	$583 	$5,136 	$5,417 
	Public access 		$0 	$0 	$530 	$0 
		Total revenue	$15,398 $29,440 $320,505$426,039 
													
Expenses													
	Telecommunications (3)	$5,529 	$11,076 $63,326 $107,160 
	System administration	$4,885 	$4,201 	$54,039 $46,211 
	Conference		$0 	$0 	$0 	$0 
	Office staff and sup.	$2,703  $2,610 	$28,181 $34,435 
	Depreciation		$0 	$0 	$39,946 $38,747 
	Admin. & prof. fees	$6,049 	$5,473 	$62,333 $61,706 
	Fundraising 		$2,887 	$4,507 	$43,176 $56,952 
	Costs of Grants		$188 	$0 	$188 	$0 
	Promotional items	$0 	$0 	$6,113 	$2,000 
	Public events		($58)	$83 	$341 	$917 
	Public access		$91 	$4,200 	$995 	$33,703 
		Total expenses	$22,274 $32,151 $298,639$381,830 
													
Excess of revenue over expenses	($6,876)($2,712)$21,866 $44,209 
													
													
													
Notes:													
	1) 												
	2) Fundraising Budget included ?								
	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 November 31, 1995													
						Actuals	Budget
						Nov-95	Nov-95
Assets													
	Current assets												
		Cash				$72,857 $34,357 
		Other current assets (4)	$731 	$0 
						$73,588 $34,357 
													
	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)		$6,033 	$10,100 
						$231,325$287,352 
		Less accumulated depreciation	$84,480 $79,204 
						$146,845$208,148 
													
	Total assets				$220,432$242,505 
													
													
Liabilities and Surplus													
	Accounts payable and accrued liab. (8)	$25,551 $16,871 
													
	Deferred cont., net of amort. (9)	$51,066 $61,395 
													
	Surplus					$143,815$164,238 
													
	Total liabilities and surplus		$220,432$242,505 

												
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

Treasurer, National Capital FreeNet
President, Softgate