National Capital Freenet Statement of Revenue, Expenses, and Surplus Period ended as stated Actuals Budget Actuals Budget Sep-99 Sep-99 YTD1999 YTD1999 Revenue Donations from members Associated with registration(1) $2,337 $4,000 $21,978 $30,000 Associated with renewals (2) $4,481 $5,500 $124,914$160,800 Total member donations $6,819 $9,500 $146,891$190,800 Fundraising Activities Corporate donations $320 $400 $2,131 $3,600 Other fundraising activities $86 $0 $4,246 $0 Total fundraising $406 $400 $6,377 $3,600 Community Networks Projects (3) $18,621 $0 $70,551 $0 Grants and other revenues (4) $5,437 $0 $7,202 $0 Deferred contributions $5,104 $3,248 $15,312 $9,744 Total revenue $36,387 $13,148 $246,334$204,144 Expenses System access telecommunications $5,323 $5,300 $48,323 $47,700 System administration $2,890 $3,800 $25,649 $34,200 Office staff and supplies $3,354 $3,380 $30,479 $30,420 Volunteer Coordination $0 $125 $1,379 $1,125 Administration and professional fees $5,724 $6,192 $50,531 $54,978 Related to Community Network Projects(5)$22,175 $0 $40,793 $0 Promotional and other costs (6) $3,560 $0 $3,660 $0 Depreciation $7,080 $6,242 $21,240 $18,726 Total expenses $50,106 $25,039 $222,054$187,149 Excess of revenue over expenses (13,720)(11,891)$24,280 $16,995 Surplus, beginning of period $91,606 $82,493 $53,607 $53,607 Surplus, end of period $77,887 $70,602 $77,887 $70,602 Notes: 1) Revenues have decreased due to lack of ability to attract new registrants 2) Membership levels and renewals appear to be falling below sustainable levels 3) Revenues generated during month related to VolNet, YTD through the VolNet and Urban Cap Contracts 4) Donations related to Harvest Ride 5) The Period includes $1,926 of costs for Volnet; $20,250 Thin Client 6) The Period includes $ 3,560 of costs for Harvest Ride National Capital Freenet Balance Sheet For the period ended as stated Actuals Budget Sep-99 Sep-99 Assets Cash (7) $100,226$62,593 Other current assets $2,835 $504 $103,061$63,097 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 $147,195$103,746 Liabilities and Surplus Accounts payable and accrued liabilities $30,294 $4,560 Unearned Revenues $0 $0 Deferred contributions, net of amortization $39,015 $28,584 Surplus $77,887 $70,602 Total liabilities and surplus $147,195$103,746 Notes: 7) Cash has exceeded budget primaryily due to VolNet, Urban Cap Contracts (approx $50,000)