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

						Actuals	Budget	Actuals	Budget
						Jan-98	Jan-98	YTD1998	YTD1998
Revenue													
	Donations from
		Associated with registration	$3,380 	$4,262 	$3,380 	$4,262 
		Associated with renewals	$23,289 $27,123 $23,289 $27,123 
			Total member donations	$26,669 $31,386 $26,669	$31,386 
													
	Fundraising Activities												
		Corp. donations & sponsorships	$450 	$575 	$450 	$575 
		Other fundraising activities	$91 	$0 	$91 	$0 
			Total fundraising 	$541 	$575 	$541 	$575 
													
	Grants and other revenues		$0 	$0 	$0 	$0 
	Contributed services			$0 	$0 	$0 	$0 
	Deferred contributions			$0 	$0 	$0 	$0 
		Total revenue			$27,210 $31,961	$27,210	$31,961 
												
													
Expenses													
	System access telecommunications	$6,461 	$6,333 	$6,461 	$6,333 
	System administration (note #1)		$2,935 	$3,736 	$2,935 	$3,736 
	Office staff and supplies		$3,309 	$3,423 	$3,309 	$3,423 
	Volunteer Coordination			$0 	$125 	$0 	$125 
	Administration and professional fees	$5,402 	$5,717 	$5,402 	$5,717 
	Promotional and other costs		$100 	$0 	$100 	$0 
	Depreciation				$0 	$0 	$0 	$0 
		Total expenses			$18,206 $19,334 $18,206 $19,334 
													
Excess of revenue over expenses			$9,004 	$12,627 $9,004 	$12,627 
	Surplus, beginning of period		$48,267 $38,953 $48,267 $38,953 
													
Surplus, end of period				$57,271 $51,580 $57,271 $51,580 
													
													
Member related statistics (Note #2)		Actuals	Budget	Actuals	Budget
  Memberships					Jan-98	Jan-98	YTD1998	YTD1998
    Number of New Members    	       			666    		666
    First Time Renewals					167     	167
    Post First Time Renewals   				1,567 		1,567 
    Total Active Membership				17,700  	17,700 
													
    % Growth in New Members over prior year		20%		20%
    % of Prior Yr New Members renewing 1st time		30%		30%
    % of Renewed Members who renew again		70%		70%
													
  Donations												
    Avg New Member Donations of donors			$20 		$20 
    Avg Renewal Donation of donors		        $32.50 		$32.50 
    % New registrants that donate			32%		32%
    % Renewing Members that donate			70%		70%								
													
													
													
	Notes:												
		1)	System admin is lower than budget due to prior years 
			accrued vacation taken in this year										
		2) 	represent statistics forecasted at budgeting time										
													
													
													
													
National Capital Freenet													
Balance Sheet													
For the period ended as stated	

								Actuals	Budget
								Jan-98	Jan-98
Assets													
	Cash							$39,413	$37,012 
	Other current assets					$168 	$168 
								$39,581 $37,180 
	Capital equipment (note #3)	
		Computer equipment				$132,909$123,517 
		Systems software				$48,784 $43,784 
		Telecommunications equipment			$95,579 $108,676 
		Business equipment				$7,033 	$8,097 
								$284,305$284,074 
		Less accumulated depreciation			$195,769$231,432 
								$88,535 $52,642 
								
	Total assets						$128,116$89,822 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities		$13,139 $11,151 
	Deferred contributions, net of amortization (note #3)	$57,706 $27,090 
								
	Surplus							$57,271 $51,580 
													
	Total liabilities and surplus				$128,116$89,821 
												
	Notes:												
		3)	Capital differs to budget due to  contributed capital 
			being recieved after setting of budget										
													
													
													
National Capital Freenet													
Statement of Changes in Financial Position													
For the period ended as stated			

						Actuals	Budget	Actuals	Budget
						Jan-98	Jan-98	YTD1998	YTD1998
Operating activities													
	Excess of revenue over expenses		$9,004 	$12,627	$9,004 	$12,627 
	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 	$84 	$84 	$84 
		Acc Pay & accrued liab. (#4)	$1,597 	(11,765)$1,597 	(11,765)
		Cash provided by operations	$10,685 $946 	$10,685 $946 
													
Investing activities													
	Purchase of equipment for cash		$0 	$0 	$0 	$0 
		Cash applied to investing 	$0 	$0 	$0 	$0 
													
Increase in cash during the period		$10,685 $946 	$10,685	$946 
Cash, beginning of period			$28,728 $36,066 $28,728 $36,066 
													
Cash, end of period				$39,413 		$37,012 		$39,413 		$37,012 

	Notes:											
		#4)	Budget assumed payment of certain liabilities in January.  These laibilities were settled in the prior year.										
													
													

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