National Capital Freenet													
Statement of Revenue, Expenses, and Surplus													
Period ended as stated			
	
						Actuals	Budget	Actuals	Budget
						Jan-97	Jan-97	YTD1997	YTD1997
Revenue													
	Donations from members												
		Associated with registration	$7,256 	$6,000 	$7,256 	$6,000 
		Associated with renewals	$24,441 $31,000 $24,441 $31,000 
			Total member donations	$31,697 $37,000 $31,697 $37,000 
													
	Fundraising Activities												
		Line Sponsorships		$0 	$1,600 	$0 	$1,600 
		Corporate donations		$0 	$0 	$0 	$0 
		Auctions			$761 	$0 	$761 	$0 
		Sale of promotional items 	$101 	$0 	$101 	$0 
		Other activities		$0 	$0 	$0 	$0 
			Total fundraising 	$862 	$1,600 	$862 	$1,600 
													
	Government grants 			$0 	$0 	$0 	$0 
	Other revenues				$0 	$0 	$0 	$0 
	Deferred contributions			$0 	$0 	$0 	$0 
		Total revenue			$32,559 $38,600 $32,559	$38,600 
													
													
Expenses													
	System access telecommunications	$5,720 	$5,819 	$5,720 	$5,819 
	System administration 			$2,844 	$5,349 	$2,844 	$5,349 
	Office staff and supplies		$3,076 	$2,878 	$3,076 	$2,878 
	Volunteer Coordination			$7 	$50 	$7 	$50 
	Administration and professional fees	$5,852 	$5,805 	$5,852 	$5,805 
	Fundraising and promotional costs	$4 	$0 	$4 	$0 
	Public events and access		$0 	$0 	$0 	$0 
	Costs of Grants				$0 	$0 	$0 	$0 
	Depreciation				$0 	$0 	$0 	$0 
		Total expenses			$17,503 $19,901 $17,503	$19,901 
													
Excess of revenue over expenses			$15,056 $18,699 $15,056 $18,699 
	Surplus, beginning of period		$73,631 $56,180	$73,631 $56,180 
													
Surplus, end of period				$88,687 $74,879 $88,687 $74,879 
													
																																					
													
													
National Capital Freenet													
Balance Sheet													
For the period ended as stated					

								Actuals	Budget
								Jan-97	Jan-97
Assets													
	Cash							$32,055 $19,539 
	Other current assets					$168 	$100 
								$32,223 $19,639 
	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						$153,905$141,374 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities		$10,196 $12,397 
													
	Deferred contributions, net of amortization		$55,022 $54,098 
													
	Surplus							$88,687	$74,879 
													
	Total liabilities and surplus				$153,905$141,374 
													
																								
																									
													
National Capital Freenet													
Statement of Changes in Financial Position													
For the period ended as stated		

						Actuals	Budget	Actuals	Budget
						Jan-97	Jan-97	YTD1997	YTD1997
Operating activities													
	Excess of revenue over expenses		$15,056	$18,699 $15,056 $18,699 
	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 	($52)	$84 	($52)
		Acc pay & accrued liabilities	($1,453)($1,801)($1,453	($1,801)
		Cash provided by operations	$13,687 $16,846 $13,687	$16,846 
													
Investing activities													
	Purchase of equipment for cash		$0 	$2,000 	$0 	$2,000 
		Cash applied to investing 	$0 	$2,000 	$0 	$2,000 
												
Increase in cash during the period		$13,687 $14,846 $13,687 $14,846 
Cash, beginning of period			$18,368 $4,693 	$18,368 $4,693 
													
Cash, end of period				$32,055 $19,539 $32,055 $19,539