National Capital Freenet
Statement of Revenue, Expenses, and Surplus
Period ended April 30, 1996
					Actuals	Budget	Actuals	Budget
					Apr-96	Apr-96	YTD1996	YTD1996
Revenue
	Donations (1)			$6,642  $23,500 $40,533 $94,000 
	Government grants (2)		$0 	$20,000 $10,000 $25,000 
	Fundraising (3)			$22,061 $8,400 	$28,795 $34,100 
	Deferred contributions		$0 	$0 	$6,110 	$7,960 
	Promotional items 		$374 	$500 	$1,990 	$2,000 
	Pub. acc. cost recoveries 	$1,070 	$0 	$1,070 	$0 
		Total revenue		$30,147 $52,400 $88,499 $163,060 


Expenses
	Telecommunications (4)		$5,960 	$7,907 	$22,537 $32,139 
	System administration		$6,832 	$7,578 	$30,386 $30,313 
	Office staff and supplies	$2,544 	$2,565 	$10,457 $10,385 
	Volunteer Coordination		$1,250 	$1,675 	$4,567 	$6,700 
	Administration and prof. fees	$4,272 	$6,255 	$21,094 $25,020 
	Fundraising 			$3,833 	$4,656 	$13,446 $17,114 
	Costs of Grants			$0 	$10,000 $0 	$10,000 
	Promotional items		$0 	$50 	$29 	$200 
	Depreciation			$0 	$0 	$15,033 $18,539 
	Public events			$0 	$100 	$217 	$600 
	Public access			$0 	$0 	$0 	$0 
		Total expenses		$24,691 $40,787 $117,766$151,010 

Excess of revenue over expenses		$5,456 	$11,613($29,267)$12,050 
	Surplus, beginning of period	$138,015$168,175$172,738$167,738 

Surplus, end of period			$143,471$179,788$143,471$179,788 


	1) Budget includes $15K new registrant donations, $3K Showcase 
		Donations and $4.7K Gold Key Donations
	2) Budget is for RMOC Outreach project; $10k was received in 
		March 1996
	3) Actual includes results of the PFA drive, Budget includes $7K 
		from PFA's
	4) Budget includes expansion of number of dial-up lines.


National Capital Freenet
Balance Sheet
For the period ended April 30, 1996			Actuals	Budget
							Apr-96	Apr-96
Assets
	Cash						$64,777 $70,543 
	Other current assets (5)			$6,088 	$81 
							$70,864 $70,624 
	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					$197,145$249,499 


Liabilities and Surplus
	Accounts payable and accrued liabilities (6)	$6,203 	($5,510)

	Deferred contributions, net of amortization	$47,471 $75,221 

	Surplus						$143,471$179,788 

	Total liabilities and surplus			$197,145$249,499 



	(5) Accounts receivable includes $5,000 from RMOC under the 
		Challenge Grant
	(6) Accrued liabilities includes audit $1.3K


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

Treasurer and Director, National Capital FreeNet
President, Softgate