Draft 1997 Budget

National Capital Freenet																																					
Statement of Revenue, Expenses, and Surplus																																					
Period ended as stated					

					Q1 97	Q2 97	Q3 97	Q4 97	Total 
Revenue																																					 
	Donations (1)			$74,250 $74,250 $74,250 $74,250 $297,000
	Government grants 		$0 	$0 	$0 	$0 	$0 
	Fundraising (2)			$4,800 	$4,800 	$4,800 	$4,800 	$19,200 
	Deferred contributions (3)	$7,959 	$7,959 	$7,959 	$7,959 	$31,837 
	Promotional items 		$0 	$0 	$0 	$0 	$0 
	Public access & other		$0 	$0 	$0 	$0 	$0 
						
		Total revenue		$87,009 $87,009 $87,009 $87,009 $348,037
																																					
																																					
Expenses																																					
	Telecommunications (4)		$17,456 $17,456 $17,456 $17,456 $69,825 
	System administration		$23,173 $23,173 $23,173 $23,173 $92,693 
	Office staff and supplies	$8,633 	$8,633 	$8,633 	$8,633 	$34,530 
	Volunteer Coordination		$150 	$150 	$150 	$150 	$600 
	Administration and prof. fees	$17,415 $17,415 $17,415 $17,415 $69,660 
	Fundraising (5)			$0 	$0 	$0 	$0 	$0 
	Costs of Grants			$0 	$0 	$0 	$0 	$0 
	Promotional items		$0 	$0 	$0 	$0 	$0 
	Depreciation (6)		$18,007 $18,494 $18,807 $18,807 $74,114 
	Public events			$0 	$0 	$0 	$0 	$0 
	Public access			$0 	$0 	$0 	$0 	$0 
		Total expenses		$84,833 $85,321 $85,633 $85,633 $341,421
																																					
Excess of revenue over expenses		$2,176 	$1,688 	$1,376 	$1,376 	$6,615 
	Surplus, beginning of period	$56,180 $58,356 $60,044 $61,419 $56,180 
						
Surplus, end of period			$58,356 $60,044 $61,419 $62,795 $62,795 
 
																																					
	1)	NCF currently has approximately 34,000 active users which 
			includes some of, but not all of 10,000 accounts being 
			used for forwarding e-mail																																		
		With annual registrations, it is conservatively estimated that 
			of 24,000 active accounts, only 75% will renew																																		
		Of the 75% of members that renew, it is estimated that 50% 
			will donate an average of approximately $25.00 each.																																		
			this equates to $18,750 per month or $225,000 in 
			renewal donations annually.																																		
		It is further assumed that  an additional $6,000/month 
			($72,000 per annum) will be received from new 
			registrants' donations, over and above renewals.																																		
	2)	Fundraisng includes $1,600 per month in line sponsorships and 
			Personal Freenet Addresses (PFAs)																																		
	3)	Deferred Contributions is a non-cash revenue related to the 
			recognition of value recieved from donated equipment.																																		
	4)	No changes in telecommunication facilities are planned.																																		
	5)	A development officer is not budgetted for.  If a suitable 
			candidate, who can raise 3 or more times their cost, 
			can be found, the hiring of a development officer 
			will be considered.																																		
	6)	Depreciation is a non-cash expense related to the use of and 
			related reduction in value of equipment both purchased 
			and donated (equipment is depreciated at 25% per year, 
			using the declining balance method)																																		
																																					
																																																																									
																																				
National Capital Freenet																																				
Balance Sheet																																				
For the period ended as stated		 				
						Q1 97	Q2 97	Q3 97	Q4 97
Assets																																				
	Cash					$12,101 $12,297 $26,507 $34,503 
	Other current assets			$1,500 	$1,110 	$720 	$330 

						$13,601 $13,407 $27,227 $34,833 
	Capital equipment																																			
		Computer equipment		$122780 $122780 $122,780$122,780
		Systems software		$43,784 $43,784 $43,784 $43,784 
		Telecommunications equip	$112,508$117,508$122,508$122,508
		Business equipment		$9,033 	$11,833 $11,833 $11,833
 
						$288,105$295,905$300,905$300,905
 
		Less accumulated dep'n		$184,376$202,870$221,677$240,483

						$103,729$93,035 $79,228 $60,421 
				
	Total assets				$117,329$106,441$106,455$95,254 

									
								
Liabilities and Surplus								
	Acc payable and accrued liabilities	$12,835 $8,218 	$14,815 $10,198 
																																				
	Deferred contributions, net of amort	$46,139 $38,180 $30,221 $22,261 
																																				
	Surplus					$58,356 $60,044 $61,419 $62,795 
																																				
	Total liabilities and surplus		$117,329$106,441$106,455$95,254 
																																				

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