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 $0 $0 $52,500 $112,451 Conference $0 $0 $0 $0 Fundraising $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 (1) $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) 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 (2) $731 $0 $73,588 $34,357 Capital equipment, net of depreciation Computer equipment $104,630$128,064 Systems software (3) $36,909 $0 Telecommunications equip. (4) $83,753 $149,188 Business equipment $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. (5) $25,551 $16,871 Deferred cont., net of amort. (6) $51,066 $61,395 Surplus $143,815$164,238 Total liabilities and surplus $220,432$242,505 Notes 2) Other Current Assets includes prepaid insurance. 3) Systems Software relates to unbudgeted Oracle software contribution. 4) Budgeted Capital included equipment expected to be donated/purchased for budgeted expansion. 5) Accounts Payable includes Accrued Liabilities of $3,630 for Audit fees. 6) Deferred Contributions is lower than Budget as budgeted Equipment Donations have not materialized. ------------------------------------------------ National Capital Freenet Statement of Revenue, Expenses, and Surplus Period ended December 31, 1995 Actuals Budget Actuals Budget Dec-95 Dec-95 YTD 95 YTD 95 Revenue Donations $8,821 $21,668 $175,941$220,010 Government grants (1) $45,000 $0 $97,500 $112,451 Conference $0 $0 $0 $0 Fundraising $2,776 $5,839 $81,389 $101,999 Deferred contributions $6,685 $7,956 $23,290 $21,625 Promotional items $855 $583 $5,992 $6,000 Pub. acc. cost recov. $0 $0 $530 $0 Total revenue $64,137 $36,046 $384,642$462,085 Expenses Telecommunications (2) $5,750 $18,948 $69,076 $126,108 System administration $3,419 $4,209 $57,459 $50,420 Conference $0 $0 $0 $0 Office staff and supp. $3,036 $2,685 $31,217 $37,120 Depreciation $14,731 $20,947 $54,677 $59,694 Admin. and prof. fees $5,019 $5,473 $67,352 $67,179 Fundraising $7,788 $4,632 $50,964 $61,584 Costs of Grants $0 $0 $188 $0 Promotional items $0 $0 $6,113 $2,000 Public events $381 $83 $722 $1,000 Public access $91 $4,200 $1,086 $37,903 Total expenses $40,215 $61,178 $338,853$443,008 Excess of revenue over expenses $23,922 ($25,132)$45,789$19,077 Notes: 1) Government Grants recieved represent the RMOC portion of the Challenge Grant 2) Telecommunications expenses are lower than budget due to budgeted expansion not taken place as of this time National Capital Freenet Balance Sheet As at December 31, 1995 Actuals Budget Dec-95 Dec-95 Assets Current assets Cash $95,885 $11,579 Other current assets (3) $601 $0 $96,486 $11,579 Capital equipment, net of depreciation Computer equipment (4) $113,830$153,064 Systems software (5) $36,909 $0 Telecommunications equip. (4) $83,753 $171,988 Business equipment $6,033 $10,100 $240,525$335,152 Less accumulated depreciation $99,211 $100,151 $141,314$235,001 Total assets $237,799$246,579 Liabilities and Surplus Accounts payable and accrued liab. (6) $16,481 $19,035 Deferred conts., net of amort. (7) $53,581 $88,439 Surplus $167,738$139,106 Total liabilities and surplus $237,799$246,579 Notes 3) Other Current Assets includes prepaid insurance. 4) Budgeted Capital included equipment expected to be donated/purchased for budgeted expansion. 5) Systems Software relates to unbudgeted Oracle software contribution. 6) Accounts Payable includes Accrued Liabilities of $3,960 for Audit fees and $3,250 in ONET fees. 7) Deferred Contributions is lower than Budget as budgeted Equipment Donations have not materialized. -- Jeff Bossert Treasurer, National Capital FreeNet President, Softgate