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

						Actuals	Budget	Actuals	Budget
						Apr-99	Apr-99	YTD1999	YTD1999
Revenue													
	Donations from members												
		Associated with registration	$2,459 	$3,000 	$11,353 $12,000 
		Associated with renewals (1)	$15,645	$25,200 $83,697 $95,800 
			Total member donations	$18,104 $28,200	$95,050	$107,800 
													
	Fundraising Activities												
		Corporate donations 		$320 	$400 	$931 	$1,600 
		Other fundraising activities	$446 	$0 	$3,392 	$0 
			Total fundraising 	$766 	$400 	$4,323 	$1,600 
													
	Grants and other revenues (2)		$49,830 $0 	$49,830	$0 
	Deferred contributions			$0 	$0 	$5,104 	$3,248 
		Total revenue			$68,700 $28,600 $154,308$112,648 
													
													
Expenses												
	System access telecommunications	$5,300 	$5,300 	$21,189 $21,200 
	System administration			$2,890 	$3,800 	$11,201 $15,200 
	Office staff and supplies		$3,456 	$3,380 	$13,467 $13,520 
	Volunteer Coordination			$768 	$125 	$1,327 	$500 
	Administration and professional fees	$4,928 	$6,042 	$21,903 $24,168 
	Promotional and other costs (2)		$18,618 $0 	$18,701	$0 
	Depreciation				$0 	$0 	$7,080 	$6,242 
		Total expenses			$35,960	$18,647 $94,868	$80,830 
													
Excess of revenue over expenses			$32,740 $9,953 	$59,439	$31,818 
	Surplus, beginning of period		$80,307 $75,472 $53,607 $53,607 
						
Surplus, end of period				$113,046$85,425 $113,046$85,425 
													
	Notes:												
		1) Renewal Donations have significantly decreased against 
			expectations during the month											
		2) Other Revenues included the Urban Cap and VolNet Contracts 
			and associated costs netting the NCF $31,212 during 
			the month										
			

										
National Capital Freenet													
Balance Sheet													
For the period ended as stated
								Actuals	Budget
								Apr-99	Apr-99
Assets													
	Cash (3)						$109,259$73,108 
	Other current assets					$924 	$924 
								$110,183$74,032 
	Capital equipment												
		Computer equipment				$143,414$138,409 
		Systems software				$54,779 $48,784 
		Telecommunications equipment			$101,575$101,575 
		Business equipment				$7,033 	$7,033 
								$306,800$295,801 
		Less accumulated depreciation			$248,506$247,667 
								$58,294	$48,133 
								
	Total assets						$168,477$122,165 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities (4)		$6,207 	$1,660 
	Unearned Revenues					$0 	$0 
	Deferred contributions, net of amortization		$49,223 $35,080 
					
	Surplus							$113,046$85,425 
													
	Total liabilities and surplus				$168,477$122,165 
													
	Notes:												
	3) Cash is higher than expected predominantly due to VolNet and 
		Urban Cap Contracts												
	4) 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
						Apr-99	Apr-99	YTD1999	YTD1999
Operating activities													
	Excess of revenue over expenses		$32,740 $9,953 	$59,439 $31,818 
	Items not involving cash:												
		Deferred contributions		$0 	$0 	(5,104)	(3,248)
		Depreciation			$0 	$0 	$7,080 	$6,242 
													
	Net change in non-cash working capital					
		Acc Rec & Prepaid Expenses	$48,906 $84 	($673)	($673)
		Acc Pay & accrued liabilities	(54,218)$580 	($1,504)($6,052)
		Cash provided by operations	$27,428 $10,617 $59,238 $28,087 
								
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		$27,428 $5,617 	$59,238	$23,087 
Cash, beginning of period			$81,831 $67,491	$50,021	$50,021 
													
Cash, end of period				$109,258$73,108 $109,258$73,108 
--
Jeff Bossert (bossert@freenet.carleton.ca)
:
Vice-President, Treasurer and Director, National Capital FreeNet
Senior Engineer, Comgate Engineering