National Capital Freenet Statement of Revenue, Expenses, and Surplus Period ended as stated Actuals Budget Actuals Budget Apr-97 Apr-97 YTD1997 YTD 1997 Revenue Donations from members Associated with registration $4,333 $6,000 $22,507 $24,000 Associated with renewals $31,977 $31,000 $120,983$124,000 Total member donations $36,311 $37,000 $143,489$148,000 Fundraising Activities Line Sponsorships $700 $1,600 $700 $6,400 Corporate donations $0 $0 $0 $0 Auctions $50 $0 $836 $0 Sale of promotional items $130 $0 $445 $0 Other activities $0 $0 $0 $0 Total fundraising $880 $1,600 $1,981 $6,400 Government grants $0 $0 $0 $0 Other revenues $0 $0 $0 $0 Deferred contributions $0 $0 $7,231 $7,959 Total revenue $37,191 $38,600 $152,701$162,359 Expenses System access telecommunications $5,720 $5,819 $22,939 $23,275 System administration $3,736 $5,349 $12,981 $21,398 Office staff and supplies $2,992 $2,878 $13,108 $11,510 Volunteer Coordination $0 $50 $7 $200 Administration and professional fees $6,837 $5,805 $23,664 $23,220 Fundraising and promotional costs $0 $0 $4 $0 Public events and access $0 $0 $480 $0 Costs of Grants $0 $0 $0 $0 Depreciation $0 $0 $17,197 $18,007 Total expenses $19,285 $19,901 $90,379 $97,609 Excess of revenue over expenses $17,906 $18,699 $62,322 $64,750 Surplus, beginning of period $118,047$102,231$73,631 $56,180 Surplus, end of period $135,953$120,930$135,953$120,930 National Capital Freenet Balance Sheet For the period ended as stated Actuals Budget Apr-97 Apr-97 Assets Cash $92,028 $77,004 Other current assets $924 $1,370 $92,952 $78,374 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 $182,325$184,376 $104,485$103,729 Total assets $197,438$182,103 Liabilities and Surplus Accounts payable and accrued liabilities $13,693 $15,034 Deferred contributions, net of amortization $47,791 $46,139 Surplus $135,953$120,930 Total liabilities and surplus $197,438$182,103 National Capital Freenet Statement of Changes in Financial Position For the period ended as stated Actuals Budget Actuals Budget Apr-97 Apr-97 YTD1997 YTD1997 Operating activities Excess of revenue over expenses $17,906 $18,699 $62,322 $64,750 Items not involving cash: Deferred contributions $0 $0 ($7,231)($7,959) Depreciation $0 $0 $17,197 $18,007 Net change in non-cash working capital items Acc Rec & Prepaid Expenses ($924) $130 ($672) ($1,322) Acc Pay & accrued liabilities $2,452 $2,199 $2,044 $836 Cash provided by operations $19,434 $21,028 $73,661 $74,311 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 $19,434 $21,028 $73,661 $72,311 Cash, beginning of period $72,595 $55,976 $18,368 $4,693 Cash, end of period $92,029 $77,004 $92,029 $77,004 -- Jeff Bossert (bossert@freenet.carleton.ca) : Treasurer and Director, National Capital FreeNet Senior Engineer, Comgate Engineering