National Capital Freenet
Statement of Revenue, Expenses, and Surplus
Period ended June 30, 1996
					Actuals	Budget	Actuals	Budget
					Jun-96	Jun-96	YTD1996	YTD1996
Revenue
	Donations (1)			$7,151 	$17,000 $53,560 $129,500 
	Government grants		$0 	$0 	$13,000 $25,000 
	Fundraising (2)			$1,550 	$5,400 	$40,338 $43,900 
	Deferred contributions (3)	$6,110 	$7,960 	$12,220 $15,921 
	Promotional items 		$121 	$500 	$2,562 	$3,000 
	Public access & other revenue	$0 	$0 	$1,070 	$0 
		Total revenue		$14,933 $30,860 $122,749$217,321 


Expenses
	Telecommunications (4)		$5,917 	$12,646 $33,769 $57,431 
	System administration		$7,509 	$6,424 	$43,338 $43,161 
	Office staff and supplies	$2,722 	$4,262 	$15,638 $17,335 
	Volunteer Coordination		$1,274 	$1,675 	$7,135 	$10,050 
	Administration and prof. fees	$7,229 	$6,305 	$34,840 $37,630 
	Fundraising 			$1,966 	$3,146 	$18,806 $23,416 
	Costs of Grants			$0 	$0 	$0 	$10,000 
	Promotional items		$0 	$50 	$29 	$300 
	Depreciation (5)		$15,033 $19,633 $30,066	$38,172 
	Public events			$0 	$100 	$217 	$800 
	Public access			$0 	$0 	$0 	$0 
		Total expenses		$41,651 $54,241 $183,839$238,295 

Excess of revenue over expenses		(26,718)(23,381)(61,089)(20,974)
	Surplus, beginning of period	$138,366$170,145$172,738$167,738 

Surplus, end of period			$111,648$146,764$111,648$146,764 


	1) Budget includes $12K new registrant donations, $3K Showcase 
		Donations
	2) Actual includes results of the PFA drive, Budget includes $3K 
		from PFA's
	3) Quarterly amortization of donated capital, no new capital has 
		been donated since 1995
	4) Budget includes expansion of number of dial-up lines.
	5) Quarterly depreciation of capital, no new capital has been 
		purchased since 1995



National Capital Freenet
Balance Sheet
For the period ended June 30, 1996					
							Actuals	Budget
							Jun-96	Jun-96
Assets
	Cash						$48,579 $31,652 
	Other current assets				$828 	$780 
							$49,406 $32,432 
	Capital equipment
		Computer equipment			$113,830$137,830 
		Systems software			$36,909 $46,909 
		Telecommunications equipment		$83,753 $118,353 
		Business equipment			$6,033 	$11,033 
							$240,525$314,125 
		Less accumulated depreciation		$129,277$137,383 
							$111,248$176,742 

	Total assets					$160,654$209,174 


Liabilities and Surplus
	Accounts payable and accrued liabilities (6)	$7,645 	($4,850)

	Deferred contributions, net of amortization	$41,361 $67,260 

	Surplus						$111,648$146,764 

	Total liabilities and surplus			$160,654$209,174 


	(6) Accrued liabilities includes audit $2K, ONET fees $3.2K

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