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

						Actuals	Budget	Actuals	Budget
						Feb-99	Feb-99	YTD1999	YTD1999
Revenue													
	Donations from members												
		Associated with registration	$2,726 	$3,000 	$6,019 	$6,000 
		Associated with renewals 	$23,407 $26,100	$44,451 $46,900 
			Total member donations	$26,133 $29,100	$50,470 $52,900 
													
	Fundraising Activities												
		Corporate donations 		$421 	$400 	$491 	$800 
		Other fundraising activities	$1,116 	$0 	$2,496 	$0 
			Total fundraising 	$1,537 	$400 	$2,987 	$800 
													
	Grants and other revenues		$0 	$0 	$0 	$0 
	Deferred contributions			$0 	$0 	$0 	$0 
		Total revenue			$27,670 $29,500 $53,457 $53,700 
													
													
Expenses													
	System access telecommunications	$5,257 	$5,300 	$10,636 $10,600 
	System administration			$2,890 	$3,800 	$5,422 	$7,600 
	Office staff and supplies		$3,440 	$3,380 	$6,639 	$6,760 
	Volunteer Coordination			$175 	$125 	$175 	$250 
	Administration and professional fees	$5,185 	$6,042 	$11,191 $12,084 
	Promotional and other costs 		$83 	$0 	$83 	$0 
	Depreciation				$0 	$0 	$0 	$0 
		Total expenses			$17,030 $18,647 $34,146 $37,294 
													
Excess of revenue over expenses			$10,640 $10,853 $19,311 $16,406 
	Surplus, beginning of period		$62,278 $59,160 $53,607 $53,607 
													
Surplus, end of period				$72,918 $70,013 $72,918 $70,013 
													
													
												
													
National Capital Freenet													
Balance Sheet													
For the period ended as stated		

								Actuals	Budget
								Feb-99	Feb-99
Assets													
	Cash							$67,606 $66,342 
	Other current assets					$83 	$84 
								$67,688 $66,426 
	Capital equipment												
		Computer equipment				$133,408$133,409 
		Systems software				$48,784 $48,784 
		Telecommunications equipment			$101,575$101,575 
		Business equipment				$7,033 	$7,033 
								$290,800$290,801 
		Less accumulated depreciation			$241,426$241,425 
								$49,374 $49,375 
													
	Total assets						$117,063$115,801 
													
													
													
Liabilities and Surplus												
	Accounts payable and accrued liabilities		$5,817 	$7,460 
	Deferred contributions, net of amortization		$38,327 $38,328 
													
	Surplus							$72,918 $70,013 
													
	Total liabilities and surplus				$117,063$115,801