National Capital Freenet											
Statement of Revenue, Expenses, and Surplus											
Period ended Sept 30, 1996		
					Actuals	Budget	Actuals	Budget
					Sep-96	Sep-96	YTD 1996YTD 1996
Revenue											
	Donations (1)			$4,843 	$20,500 $69,806 $188,000 
	Government grants (2)		$0 	$20,000 $13,000 $60,000 
	Fundraising (3)			$11,230 $13,400 $57,660 $74,100 
	Deferred contributions		$8,884 	$9,085 	$21,104 $25,006 
	Promotional items 		$79 	$0 	$3,341 	$3,000 
	Public access & other revenue	$0 	$0 	$1,070 	$0 
		Total revenue		$25,036 $62,985 $165,98$350,106 
											
											
Expenses											
	Telecommunications (4)		$5,715 	$12,646 $50,759 $95,368 
	System administration (5)	$13,301 $6,424 	$62,058 $62,434 
	Office staff and supplies	$2,565  $4,761 	$23,531 $32,128 
	Volunteer Coordination		$0 	$1,675 	$8,861 	$15,075 
	Administration and prof. fees	$5,500 	$6,305 	$53,245 $56,545 
	Fundraising 			$4,964 	$5,904 	$28,912 $38,557 
	Costs of Grants		  	$0 	$0 	$0 	$10,000 
	Promotional items		$0 	$0 	$29 	$300 
	Depreciation			$19,211 $21,539 $49,277 $59,711 
	Public events			$0 	$100 	$217 	$1,100 
	Public access			$0 	$0 	$0 	$0 
		Total expenses		$51,257 $59,354	$276,891$371,218 
											
Excess of revenue over expenses		(26,221)$3,632 	(110,910)(21,112)
	Surplus, beginning of period	$88,048 $142,994$172,738$167,738 
											
Surplus, end of period			$61,827 $146,626$61,827 $146,626 
											
											
	1) Budget includes $13.5K new registrant donations, $4K in renewals, 
		$3K Showcase Donations 										
	2) Budget of $20K is budgeted grant from City of Ottawa, ONIP payment 
		delayed to October 96										
	3) Actual includes PFA drive, Budget includes $3K from PFA's (YTD 
		Actual $24K, YTD Budget $43K)										
	4) Budget includes expansion of number of dial-up lines.										
	5) Systems Administration includes invoice arrears previously not 
		accrued for $5K										
											
											
											
National Capital Freenet											
Balance Sheet											
For the period ended Sept 30, 1996	
							Actuals	Budget
							Sep-96	Sep-96
Assets											
	Cash (6)					$25,887 $32,237 
	Other current assets 				$438 	$1,001 
							$26,325 $33,238 
	Capital equipment (7)										
		Computer equipment			$122,780$137,830 
		Systems software			$43,784 $46,909 
		Telecommunications equipment		$112,508$118,353 
		Business equipment			$6,033 	$41,533 
							$285,105$344,625 
		Less accumulated depreciation		$148,488$158,922 
							$136,617$185,703 
											
	Total assets					$162,941$218,941 
											
											
											
Liabilities and Surplus											
	Accounts payable and accrued liabilities (8)	$39,057 ($3,860)
											
	Deferred contributions, net of amortization	$62,057 $76,175 
											
	Surplus						$61,827 $146,626 
											
	Total liabilities and surplus			$162,941$218,941 
											
											
	(6) Cash is being conserved pending increased funding - see also 
		accounts payable										
	(5) Purchases of Computer and Terminal Server-$15K has been accrued 
		for and not yet paid for these.  Other equipment changes 
		are from donated equipment										
	(6) Accounts Payable and Accrued liabilities include the following 
		major items										
			ONET Fees (Carleton University)		$8,125 				
			Equipment (Carleton University)		$15,000 				
			System Administration (I. Allen)	$10,484 				
			Telecomm Lines (Bell Canada)		$4,000 				
		NOTE: Current Cash levels are insufficient to cover these 
			liabilities									

											
											
National Capital Freenet											
Statement of Changes in Financial Position											
For the period ended Sept 30, 1996	
										
					Actuals	Budget	Actuals	Budget
					Sep-96	Sep-96	YTD 1996YTD 1996
Operating activities											
	Excess of revenue over expenses	(26,221)$3,632 	(110910)(21,112)
	Items not involving cash:										
		Deferred contributions	(8,884)	(9,085)	(21,104)(25,006)
		Depreciation		$19,211 $21,539 $49,277 $59,711 
	Net change in non-cash working capital items										
		Acc Rec & Prepaid Exp.	$130 	$130 	$5,163 	($400)
		Acc pay & accrued liab.	$27,494 $330 	$22,576 ($20,340)
		Cash prov by operations	$11,730 $16,545 (54,998)($7,147)
											
Investing activities											
	Purchase of equipment for cash	$15,000 $0 	$15,000 $56,500 
		Cash applied to invest	$15,000 $0 	$15,000 $56,500 
											
Increase in cash during the period	(3,270)	$16,545 (69,998)(63,647)
Cash, beginning of period		$29,158 $15,692 $95,885 $95,884 
											
Cash, end of period			$25,887	$32,237 $25,887 $32,237 
											

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