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

						Actuals	Budget	Actuals	Budget
						Nov-99	Nov-99	YTD1999	YTD1999
Revenue													
	Donations from members												
		Associated with registration (1)$2,348 	$4,000 	$26,373 $38,000 
		Associated with renewals (2)	$7,906 	$6,400 	$137,687$173,500 
			Total member donations	$10,254 $10,400 $164,060$211,500 
													
	Fundraising Activities												
		Corporate donations 		$170 	$400 	$2,721 	$4,400 
		Other fundraising activities	$0 	$0 	$4,246 	$0 
			Total fundraising	$170 	$400 	$6,967 	$4,400 
													
	Community Networks Projects (3)		$0 	$0 	$95,151	$0 
	Grants and other revenues (4)		$25 	$0 	$7,227 	$0 
	Deferred contributions			$0 	$0 	$15,312	$9,744 
		Total revenue			$10,449 $10,800 $288,717$225,644 
													
													
Expenses													
	System access telecommunications	$5,056 	$5,300 	$58,823 $58,300 
	System administration			$2,890 	$3,800 	$31,429 $41,800 
	Office staff and supplies		$2,950 	$3,380 	$36,861 $37,180 
	Volunteer Coordination			$0 	$125 	$1,399 	$1,375 
	Administration and professional fees	$6,953 	$6,192 	$64,164 $67,362 
	Related to Community Network Projects(5)$2,492 	$0 	$47,768 $0 
	Promotional and other costs (6)		$2,903 	$0 	$6,961 	$0 
	Depreciation				$0 	$0 	$21,240 $18,726 
		Total expenses			$23,244	$18,797 $268,645 $224,743 
													
Excess of revenue over expenses			(12,795)(7,997)	$20,072 $901 
	Surplus, beginning of period		$86,474 $62,505	$53,607 $53,607 
													
Surplus, end of period				$73,679 $54,508	$73,679 $54,508 
													
	Notes:												
		1) Revenues from registrants below budget due to lower number 
		of new registrants											
		2) Registration Renewal below budgeted targets											
		3) YTD for Thin Client, VolNet and Urban Cap contracts											
		4) Donations related to Harvest Ride 											
		5) Costs related to the Volnet contract										
		6) The Year to Date includes $5,531 of costs for Harvest Ride											
													
													
													
National Capital Freenet													
Balance Sheet													
For the period ended as stated
								Actuals	Budget
								Nov-99	Nov-99
Assets													
	Cash (7)						$68,951	$47,827 
	Other current assets					$5,525 	$336 
								$74,476 $48,163 
	Capital equipment								
		Computer equipment				$143,414$138,409 
		Systems software				$54,779 $48,784 
		Telecommunications equipment			$101,575$106,575 
		Business equipment				$7,033 	$7,033 
								$306,800$300,801 
		Less accumulated depreciation			$262,666$260,151 
								$44,134	$40,649 
										
	Total assets						$118,610$88,812 
													
													
													
Liabilities and Surplus												
	Accounts payable and accrued liabilities		$5,916 	$5,720 
	Unearned Revenues					$0 	$0 
	Deferred contributions, net of amortization		$39,015 $28,584 
													
	Surplus							$73,679 $54,508 
													
	Total liabilities and surplus				$118,610$88,812 
													
	Notes:												
		7) Cash has exceeded budget primarily due to Thin Client, 
		VolNet, Urban Cap Contracts.