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

						Actuals	Budget	Actuals	Budget
						Mar-99	Mar-99	YTD1999	YTD1999
Revenue													
	Donations from members												
		Associated with registration	$2,875 	$3,000 	$8,894 	$9,000 
		Associated with renewals 	$23,601 $23,700	$68,052	$70,600 
			Total member donations	$26,477 $26,700	$76,946	$79,600 
													
	Fundraising Activities												
		Corporate donations 		$120 	$400 	$611 	$1,200 
		Other fundraising activities	$450 	$0 	$2,946 	$0 
			Total fundraising	$570 	$400 	$3,557 	$1,200 
													
	Grants and other revenues		$0 	$0 	$0 	$0 
	Deferred contributions			$5,104 	$3,248 	$5,104 	$3,248 
		Total revenue			$32,151 $30,348 $85,608	$84,048 
													
													
Expenses													
	System access telecommunications	$5,253 	$5,300 	$15,889	$15,900 
	System administration			$2,890 	$3,800 	$8,312 	$11,400 
	Office staff and supplies		$3,371 	$3,380 	$10,011 $10,140 
	Volunteer Coordination			$384 	$125 	$559 	$375 
	Administration and professional fees	$5,784 	$6,042 	$16,975	$18,126 
	Promotional and other costs 		$0 	$0 	$83 	$0 
	Depreciation				$7,080 	$6,242 	$7,080 	$6,242 
		Total expenses			$24,763 $24,889	$58,908	$62,183 
													
Excess of revenue over expenses			$7,388 	$5,459 	$26,700	$21,865 
	Surplus, beginning of period		$72,918	$70,013 $53,607 $53,607 
													
Surplus, end of period				$80,307 $75,472	$80,307	$75,472 
													
																									
													
National Capital Freenet													
Balance Sheet													
For the period ended as stated
								Actuals	Budget
								Mar-99	Mar-99
Assets													
	Cash							$81,831	$67,491 
	Other current assets (note #1)				$49,830 $1,008 
								$131,661$68,499 
	Capital equipment								
		Computer equipment				$143,414$133,409 
		Systems software				$54,779	$48,784 
		Telecommunications equipment			$101,575$101,575 
		Business equipment				$7,033 	$7,033 
								$306,800$290,801 
		Less accumulated depreciation			$248,506$247,667 
								$58,294 $43,133 
													
	Total assets						$189,955$111,632 
													
											
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities (2)		$10,595	$1,080 
	Unearned Revenues (1)					$49,830 $0 
	Deferred contributions, net of amortization		$49,223 $35,080 
								
	Surplus							$80,307 $75,472 
													
	Total liabilities and surplus				$189,955$111,632 
													
	Notes:												
	1) Represents amounts invoiced under Industry Canada Contracts for 
		which work has not yet been completed												
	2) Budget for accrued liabilities assumed Carleton would invoice 
		every six months												
													
													
National Capital Freenet													
Statement of Changes in Financial Position													
For the period ended as stated	

						Actuals	Budget	Actuals	Budget
						Mar-99	Mar-99	YTD1999	YTD1999
Operating activities													
	Excess of revenue over expenses		$7,388 	$5,459 	$26,700 $21,865 
	Items not involving cash:												
		Deferred contributions		($5,104)($3,248)($5,104)($3,248)
		Depreciation			$7,080 	$6,242 	$7,080 	$6,242 
													
	Net change in non-cash working capital											
		Acc Rec & Prepaid Expenses	(49,747	($924)	(49,579	($757)
		Acc Pay & accrued liabilities	$54,608	($6,380	$52,714	($6,632)
		Cash provided by operations	$14,225 $1,149 	$31,810	$17,470 
													
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		$14,225 $1,149 	$31,810 $17,470 
Cash, beginning of period			$67,606 $66,342	$50,021	$50,021 
													
Cash, end of period				$81,831 $67,491	$81,831	$67,491