National Capital Freenet													
Statement of Revenue, Expenses, and Surplus													
Period ended January 31, 1996		Actuals	Budget	Actuals	Budget
					Jan-96	Jan-96	YTD1996	YTD1996
Revenue													
	Donations (1)			$13,965 $23,500 $13,965 $23,500 
	Government grants		$0 	$0 	$0 	$0 
	Fundraising (2)			$1,784 	$8,900 	$1,784 	$8,900 
	Deferred contributions		$0 	$0 	$0 	$0 
	Promotional items		$727 	$500 	$727 	$500 
	Public access cost recoveries	$0 	$0 	$0 	$0 
		Total revenue		$16,476 $32,900 $16,476 $32,900 
													
													
Expenses													
	Telecommunications		$5,480 	$5,734 	$5,480 	$5,734 
	System administration		$9,325 	$7,578 	$9,325 	$7,578 
	Office staff and supplies	$2,948 	$2,565 	$2,948 	$2,565 
	Volunteer Coordination		$500 	$1,675 	$500 	$1,675 
	Administration and prof. fees	$6,252 	$6,255 	$6,252 	$6,255 
	Fundraising 			$2,861 	$4,446 	$2,861 	$4,446 
	Costs of Grants			$0 	$0 	$0 	$0 
	Promotional items		$29 	$50 	$29 	$50 
	Depreciation			$0 	$0 	$0 	$0 
	Public events			$0 	$100 	$0	$100 
	Public access			$0 	$0 	$0 	$0 
		Total expenses		$27,395 $28,404 $27,395	$28,404 
													
Excess of revenue over expenses		($10,919)$4,496 ($10,919)$4,496 
	Surplus, beginning of period	$172,738$167,738$172,738$167,738 
													
Surplus, end of period			$161,818$172,234$161,818$172,234 
													
	1) Budget includes $15K new registrant donations, $3K Showcase 
		Donations and $4.7K Gold Key Donations												
	2) Budget includes $7K from personaized ID's from new & used 
		registrants													
																			

													
													
National Capital Freenet													
Balance Sheet													
For the period ended January 31, 1996			Actuals	Budget
							Jan-96	Jan-96
Assets				
	Cash						$83,039 $68,990 
	Other current assets (3)			$5,471 	$471 
							$88,510 $69,461 
	Capital equipment				
		Computer equipment (4)			$113,830$118,830 
		Systems software (5)			$36,909 $44,409 
		Telecommunications equipment (6)	$83,753 $103,353 
		Business equipment			$6,033 	$6,033 
							$240,525$272,625 
		Less accumulated depreciation		$99,211 $99,211 
							$141,314$173,414 
													
	Total assets					$229,823$242,875 
													
													
												
Liabilities and Surplus											
	Accounts payable and accrued liabilities (7)	$14,424 ($2,540)
									
	Deferred contributions, net of amortization (6)	$53,581 $73,181 
													
	Surplus						$161,818$172,234 
													
	Total liabilities and surplus			$229,823$242,875 
													
													
	(3) Accounts receivable includes $5,000 from RMOC under the 
		Challenge Grant												
	(4) Budget includes additional disk capacity for WEB migration 
		$5K												
	(5) Budget included Licensing for WEB migration $2.5K, 
		development of Oracle Database Project $5K												
	(6) Budget includes donated router for WEB migration $10K, 
		donated modems $9.6K												
	(7) Accrued liabilities includes ONET $4.8K, 1995 Audit $4.0K												
													
													
													
													

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Jeff Bossert

Treasurer, and Board Member, National Capital FreeNet
President, Softgate