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

						Actuals	Budget	Actuals	Budget
						Sep-97	Sep-97	YTD1997	YTD1997
Revenue													
	Donations from members (note#1)		
		Associated with registration	$3,524 	$6,000 	$39,817 $54,000 
		Associated with renewals	$3,937 	$3,000 	$169,904$180,250 
			Total member donations	$7,461 	$9,000 	$209,721$234,250 
													
	Fundraising Activities												
		Line Sponsorships		$0 	$1,600 	$2,450 	$14,400 
		Corporate donations		$200 	$0 	$801 	$0 
		Auctions			$0 	$0 	$866 	$0 
		Sale of promotional items 	$40 	$0 	$778 	$0 
		Other activities		$0 	$0 	$0 	$0 
			Total fundraising 	$240 	$1,600 	$4,895 	$14,400 
													
	Government grants 			$0 	$0 	$0 	$0 
	Other revenues				$0 	$0 	$0 	$0 
	Deferred contributions			$7,310 	$7,959 	$21,772 $23,877 
		Total revenue			$15,011 $18,559	$236,388$272,527 
													
													
Expenses													
	System access telecom (note #2)		$9,100 	$5,819 	$57,153	$52,369 
	System administration (note #3)		$3,736 	$5,349 	$31,661 $48,145 
	Office staff and supplies (note #4)	$4,246 	$2,878 	$30,463 $25,898 
	Volunteer Coordination (note #5)	$1,388 	$50 	$1,618 	$450 
	Administration and professional fees	$5,713 	$5,805 	$56,657 $52,245 
	Fundraising and promotional costs	$0 	$0 	$4 	$0 
	Public events and access		$0 	$0 	$542 	$0 
	Costs of Grants				$0 	$0 	$0 	$0 
	Depreciation				$14,743	$18,807 $49,235 $55,307 
		Total expenses			$38,925 $38,707 $227,334$234,413 
													
Excess of revenue over expenses			(23,914)(20,148)$9,054 	$38,114 
	Surplus, beginning of period		$106,599$114,443$73,631 $56,180 
													
Surplus, end of period				$82,685 $94,294 $82,685 $94,294 
													
	Notes:												
			#1 Year to Date donations are lower than expected as 
			actual receipts dropped off in May as 										
			opposed to June as Budgeted as well as decreases being 
			greater than 										
			#2 Systems access costs above budget as ONET fees for 
			Nov-96 to Apr-97 were higher than expected.										
			#3 Systems budget allowed for additional systems 
			upgrading.  These contracts have not been let.										
			#4 Office costs are higher than budget due to telecomm 
			charges and incidentals from Carleton University										
			#5 Volunteer coordination includes charges for parking 
			from Carleton from Nov-96 to Apr-97										
													
																										
													
National Capital Freenet													
Balance Sheet													
For the period ended as stated		
								Actuals	Budget
								Sep-97	Sep-97
Assets													
	Cash							$61,196	$59,382 
	Other current assets					$504 	$720 
								$61,700 $60,102 
	Capital equipment											
		Computer equipment				$123,517$122,780 
		Systems software				$43,784 $43,784 
		Telecommunications equipment			$108,675$122,508 
		Business equipment				$8,097 	$11,833 
								$284,073$300,905 
		Less accumulated depreciation			$214,363$221,677 
								$69,710 $79,228 
													
	Total assets						$131,410$139,330 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities (note #6)	$14,635 $14,815 
													
	Deferred contributions, net of amortization		$34,090 $30,221 
													
	Surplus							$82,685 $94,294 
													
	Total liabilities and surplus				$131,410$139,330 
	

												
	Notes:												
			#6 Account Payable includes.										
			     ONET Fee, Carleton University	$10,425 								
			     Audit Fee, KPMG			$2,700 								
			     Office lines, Carleton University	$1,650 								
													
																										
													
National Capital Freenet													
Statement of Changes in Financial Position													
For the period ended as stated		

						Actuals	Budget	Actuals	Budget
						Sep-97	Sep-97	YTD1997	YTD1997
Operating activities													
	Excess of revenue over expenses		(23,914)(20,148)$9,054 	$38,114 
	Items not involving cash:												
		Deferred contributions		($7,310)($7,959)(21,772)(23,877)
		Depreciation			$14,743 $18,807 $49,235 $55,307 
													
	Net change in non-cash working capital items
		Acc Rec & Prepaid Expenses	$84 	$130 	($252)	($672)
		Acc Pay & accrued liabilities	($8,963)$2,199 	$2,986 	$617 
		Cash provided by operations	(25,360)($6,972)$39,252 $69,489 
													
Investing activities													
	Purchase of equipment for cash		($5,141)$5,000 	($3,577)$14,800 
		Cash applied to investing 	($5,141)$5,000 	($3,577)$14,800 
													
Increase in cash during the period		(20,219)(11,972)$42,828 $54,689 
Cash, beginning of period			$81,416 $71,354 $18,368 $4,693 
													
Cash, end of period				$61,196 $59,382 $61,196 $59,382 

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