Article 73 of ncf.sub.finance:
Path: freenet-news!FreeNet.Carleton.CA!au025
From: au025@FreeNet.Carleton.CA (Jeff Bossert)
Newsgroups: ncf.sub.finance
Subject: Oct 99 NCF Financial Statements
Date: 20 Dec 1999 18:08:40 GMT
Organization: The National Capital FreeNet
Lines: 89
Message-ID: <83lrb8$8je$1@freenet9.carleton.ca>
Reply-To: au025@FreeNet.Carleton.CA (Jeff Bossert)
NNTP-Posting-Host: freenet3
X-Trace: freenet9.carleton.ca 945713320 8814 134.117.136.23 (20 Dec 1999 18:08:40 GMT)
X-Complaints-To: complaints@ncf.ca
NNTP-Posting-Date: 20 Dec 1999 18:08:40 GMT
X-Given-Sender: au025@freenet3.carleton.ca (Jeff Bossert)
Xref: freenet-news ncf.sub.finance:73



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

						Actuals	Budget	Actuals	Budget
						Oct-99	Oct-99	YTD1999	YTD1999
Revenue												
	Donations from members												
		Associated with registration(1)	$2,047 	$4,000 	$24,024 $34,000 
		Associated with renewals(2)	$4,867 	$6,300 	$129,781$167,100 
			Total member donations	$6,914 	$10,300 $153,805$201,100 
													
	Fundraising Activities												
		Corporate donations		$420 	$400 	$2,551 	$4,000 
		Other fundraising activities	$0 	$0 	$4,246 	$0 
			Total fundraising 	$420 	$400 	$6,797 	$4,000 
													
	Community Networks Projects (3)		$24,600 $0 	$95,151	$0 
	Grants and other revenues (4)		$0 	$0 	$7,202 	$0 
	Deferred contributions			$0 	$0 	$15,312 $9,744 
		Total revenue			$31,934	$10,700 $278,268$214,844 
													
													
Expenses													
	System access telecommunications	$5,445 	$5,300 	$53,768	$53,000 
	System administration			$2,890 	$3,800 	$28,539 $38,000 
	Office staff and supplies		$3,432 	$3,380 	$33,911 $33,800 
	Volunteer Coordination			$20 	$125 	$1,399 	$1,250 
	Administration and professional fees	$6,681 	$6,192 	$57,211	$61,170 
	Related to Community Network Projects(5)$4,482 	$0 	$45,276	$0 
	Promotional and other costs (6)		$397 	$0 	$4,057 	$0 
	Depreciation				$0 	$0 	$21,240 $18,726 
		Total expenses			$23,347 $18,797 $245,401$205,946 
													
Excess of revenue over expenses			$8,587 	($8,097)$32,867 $8,898 
	Surplus, beginning of period		$77,887	$70,602	$53,607	$53,607 
													
Surplus, end of period				$86,474 $62,505 $86,474	$62,505 
													
	Notes:												
		1) Revenues have decreased due to lack of ability to attract 
			new registrants											
		2) Registration Renewal Revenues are below sustainable levels											
		3) Revenues generated during month for Thin Client; YTD for Thin 
			Client, VolNet and Urban Cap Contracts											
		4) Donations related to Harvest Ride 											
		5) The Period includes $2,532 of costs for Volnet; $1,950 Thin 
			Client 											
		6) The Year to Date includes $ 3,560 of costs for Harvest Ride											
													
													
													
National Capital Freenet													
Balance Sheet													
For the period ended as stated		

								Actuals	Budget
								Oct-99	Oct-99
Assets													
	Cash (7)						$83,306 $55,160 
	Other current assets					$4,111 	$420 
								$87,417	$55,580 
	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						$131,551$96,229 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities		$6,062 	$5,140 
	Unearned Revenues					$0 	$0 
	Deferred contributions, net of amortization		$39,015	$28,584 
													
	Surplus							$86,474 $62,505 
													
	Total liabilities and surplus				$131,551$96,229 
													
	Notes:												
	7) Cash has exceeded budget primarily due to Thin Client, VolNet and
		Urban Cap Contracts (approx $50,000)