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

						Actuals	Budget	Actuals	Budget
						Jun-99	Jun-99	YTD1999	YTD1999
Revenue													
	Donations from members												
		Associated with registration	$1,400 	$3,000 	$14,655 $18,000 
		Associated with renewals (1)	$8,663 	$17,800 $108,079$137,600 
			Total member donations	$10,063 $20,800	$122,734$155,600 
												
	Fundraising Activities												
		Corporate donations		$220 	$400 	$1,471 	$2,400 
		Other fundraising activities	$389 	$0 	$3,830 	$0 
			Total fundraising 	$609 	$400 	$5,301 	$2,400 
													
	Community Networks Projects (2)		$2,100 	$0 	$51,930 $0 
	Grants and other revenues		$0 	$0 	$0 	$0 
	Deferred contributions			$5,104 	$3,248 	$10,208	$6,496 
		Total revenue			$17,876 $24,448 $190,174$164,496 
													
													
Expenses													
	System access telecommunications	$5,484 	$5,300 	$31,980 $31,800 
	System administration			$2,890 	$3,800 	$16,981 $22,800 
	Office staff and supplies		$3,276 	$3,380 	$20,197 $20,280 
	Volunteer Coordination			$0	$125 	$1,327 	$750 
	Administration and professional fees	$6,657 	$6,192 	$34,539 $36,402 
	Promotional and other costs		$37 	$0 	$18,738	$0 
	Depreciation				$7,080 	$6,242 	$14,160 $12,484 
		Total expenses			$25,424 $25,039	$137,922$124,516 
													
Excess of revenue over expenses			($7,549)($591)	$52,252 $39,980 
	Surplus, beginning of period		$113,407$94,178	$53,607	$53,607 
													
Surplus, end of period				$105,859$93,587	$105,859$93,587 
													
	Notes:												
		1) Renewal Donations have significantly decreased against 
			expectations											
		2) Revenues and expenses generated through the VolNet and 
			Urban Cap Contracts											
	
												
													
National Capital Freenet													
Balance Sheet													
For the period ended as stated		
								Actuals	Budget
								Jun-99	Jun-99
Assets												
	Cash (3)						$101,148$80,592 
	Other current assets					$1,157 	$756 
								$102,305$81,348 
	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			$255,586$253,909 
								$51,214	$46,891 
												
	Total assets						$153,519$128,239 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities		$3,541 	$2,820 
	Unearned Revenues					$0 	$0 
	Deferred contributions, net of amortization		$44,119	$31,832 
													
	Surplus							$105,859$93,587 
													
	Total liabilities and surplus				$153,519$128,239 
													
	Notes:												
		3) Cash surplus is as result of the VolNet and Urban Cap 
			Contracts (Net $33,000).  Without the contracts, 
			cash would be $13,000 below budget ($68,000 versus 
			a budget of $81,000)											
--
Jeff Bossert (bossert@freenet.carleton.ca)
:
Vice-President, Treasurer and Director, National Capital FreeNet
Senior Engineer, Comgate Engineering