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

						Actuals	Budget	Actuals	Budget
						Feb-97	Feb-97	YTD1997	YTD1997
Revenue													
	Donations from members												
		Associated with registration	$5,425 	$6,000 	$12,681 $12,000 
		Associated with renewals	$33,137 $31,000 $57,578 $62,000 
			Total member donations	$38,561 $37,000 $70,259 $74,000 
													
	Fundraising Activities												
		Line Sponsorships		$0 	$1,600 	$0 	$3,200 
		Corporate donations		$0 	$0 	$0 	$0 
		Auctions			$25 	$0 	$786 	$0 
		Sale of promotional items 	$76 	$0 	$177 	$0 
		Other activities		$0 	$0 	$0 	$0 
			Total fundraising 	$101 	$1,600 	$963 	$3,200 
													
	Government grants 			$0 	$0 	$0 	$0 
	Other revenues				$0 	$0 	$0 	$0 
	Deferred contributions			$0 	$0	$0 	$0 
		Total revenue			$38,663	$38,600 $71,222 $77,200 
													
													
Expenses													
	System access telecommunications	$5,777 	$5,819 	$11,497	$11,638 
	System administration 			$2,665 	$5,349 	$5,510 	$10,699 
	Office staff and supplies		$3,640 	$2,878 	$6,716 	$5,755 
	Volunteer Coordination			$0 	$50 	$7 	$100 
	Administration and professional fees	$4,610 	$5,805 	$10,462 $11,610 
	Fundraising and promotional costs	$0 	$0 	$4 	$0 
	Public events and access		$480 	$0 	$480 	$0 
	Costs of Grants				$0 	$0 	$0 	$0 
	Depreciation				$0 	$0 	$0 	$0 
		Total expenses			$17,172	$19,901 $34,675 $39,801 
													
Excess of revenue over expenses			$21,491	$18,699 $36,547 $37,399 
	Surplus, beginning of period		$88,687 $74,879 $73,631 $56,180 
													
Surplus, end of period				$110,178$93,579 $110,178$93,579 
													
																									
	
												
National Capital Freenet											
Balance Sheet													
For the period ended as stated		

								Actuals	Budget
								Feb-97	Feb-97
Assets													
	Cash							$52,169	$40,437 
	Other current assets					$84 	$100 
								$52,253	$40,537 
	Capital equipment												
		Computer equipment				$123,517$122,780 
		Systems software				$43,784 $43,784 
		Telecommunications equipment			$112,976$112,508 
		Business equipment				$6,533 	$9,033 
								$286,810$288,105 
		Less accumulated depreciation			$165,128$166,370 
								$121,682$121,735 
													
	Total assets						$173,935$162,273 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities		$8,735 	$14,596 
													
	Deferred contributions, net of amortization		$55,022 $54,098 
													
	Surplus							$110,178$93,579 
													
	Total liabilities and surplus				$173,935$162,273 
													
																									
													
													
National Capital Freenet													
Statement of Changes in Financial Position													
For the period ended as stated		

						Actuals	Budget	Actuals	Budget
						Feb-97	Feb-97	YTD1997	YTD1997
Operating activities													
	Excess of revenue over expenses		$21,491 $18,699	$36,547 $37,399 
	Items not involving cash:												
		Deferred contributions		$0 	$0 	$0 	$0 
		Depreciation			$0 	$0 	$0 	$0 
													
	Net change in non-cash working capital items												
		Acc Rec & Prepaid Expenses	$84 	$0 	$168 	($52)
		Acc Pay & accrued liabilities	($1,461)$2,199 	($2,914)$398 
		Cash provided by operations	$20,113	$20,898 $33,801 $37,744 
													
Investing activities												
	Purchase of equipment for cash		$0 	$0 	$0 	$2,000 
		Cash applied to investing 	$0 	$0 	$0 	$2,000 
													
Increase in cash during the period		$20,113 $20,898 $33,801 $35,744 
Cash, beginning of period			$32,055 $19,539 $18,368 $4,693 
													
Cash, end of period				$52,169 $40,437 $52,169 $40,437