National Capital Freenet Statement of Revenue, Expenses, and Surplus Period ended as stated Actuals Budget Actuals Budget Feb-98 Feb-98 YTD1998 YTD1998 Revenue Donations from members Associated with registration $3,229 $3,594 $6,609 $7,857 Associated with renewals (1) $21,488 $37,467 $44,777 $64,590 Total member donations $24,717 $41,061 $51,386 $72,446 Fundraising Activities Corp. donations & sponsorships $200 $575 $650 $1,150 Other fundraising activities $266 $0 $357 $0 Total fundraising $466 $575 $1,007 $1,150 Grants and other revenues $0 $0 $0 $0 Contributed services $0 $0 $0 $0 Deferred contributions $0 $0 $0 $0 Total revenue $25,182 $41,636 $52,392 $73,596 Expenses System access telecommunications $6,396 $6,333 $12,856 $12,667 System administration $3,764 $3,736 $6,699 $7,472 Office staff and supplies $3,323 $3,423 $6,632 $6,845 Volunteer Coordination $91 $125 $91 $250 Administration and professional fees $4,985 $5,717 $10,386 $11,434 Promotional and other costs ($30) $0 $70 $0 Depreciation $0 $0 $0 $0 Total expenses $18,528 $19,334 $36,734 $38,668 Excess of revenue over expenses $6,654 $22,302 $15,658 $34,929 Surplus, beginning of period $57,271 $51,580 $48,267 $38,953 Surplus, end of period $63,925 $73,882 $63,925 $73,882 Member related statistics (note #1) Actuals Budget Actuals Budget Memberships Feb-98 Feb-98 YTD1998 YTD1998 Number of New Members 254 562 559 1,228 Number of Renewals Renewals 1,320 1,470 2,864 3,204 Total Active Membership 20,970 17,400 % Growth in New Members over prior year 20% 20% % of Prior Yr New Memb renew for 1st time 30% 30% % of Renewed Members who renew again 70% 70% Donations Avg New Mem Donations of those that donate $25 $20 $24 $20 Avg Renewal Donation of those that donate $25 $33 $24 $33 % New registrants that donate 52% 32% 50% 32% % Renewing Members that donate 66% 70% 64% 70% Notes: 1) Revenues behind volume and price targets as per statistics forecasted at budgeting time National Capital Freenet Balance Sheet For the period ended as stated Actuals Budget Feb-98 Feb-98 Assets Cash $36,819 $57,111 Other current assets $84 $84 $36,903 $57,195 Capital equipment (2) Computer equipment $132,909$128,517 Systems software $48,784 $43,784 Telecommunications equipment $95,579 $108,676 Business equipment $7,033 $8,097 $284,305$289,074 Less accumulated depreciation $195,769$231,432 $88,535 $57,642 Total assets $125,438$114,837 Liabilities and Surplus Accounts payable and accrued liabilities (3) $3,807 $13,864 Deferred contributions, net of amortization (2) $57,706 $27,090 Surplus $63,925 $73,882 Total liabilities and surplus $125,438$114,836 Notes: 2) Capital differs to budget due to contributed capital being recieved after setting of budget 3) Accrued Liabilities lower than budget as payments to Carleton on ONET now made monthly National Capital Freenet Statement of Changes in Financial Position For the period ended as stated Actuals Budget Actuals Budget Feb-98 Feb-98 YTD1998 YTD1998 Operating activities Excess of revenue over expenses $6,654 $22,302 $1 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 $168 $168 Acc Pay & accrued liab. (4) (9,333) $2,713 (7,735) (9,052) Cash provided by operations (2,594) $25,099 $8,091 $26,045 Investing activities Purchase of equipment for cash $0 $5,000 $0 $5,000 Cash applied to investing $0 $5,000 $0 $5,000 Increase in cash during the period (2,594) $20,099 $8,091 $21,045 Cash, beginning of period $39,413 $37,012 $28,728 $36,066 Cash, end of period $36,819 $57,111 $36,819 $57,111 $0 $0 $0 $0 Notes: #4) Budget assumed payments bi-annually. The ONET related charges are now being settled monthly. -- Jeff Bossert (bossert@freenet.carleton.ca) : Treasurer and Director, National Capital FreeNet Senior Engineer, Comgate Engineering