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

						Actuals	Budget	Actuals	Budget
						Aug-99	Aug-99	YTD1999	YTD1999
Revenue													
	Donations from members												
		Associated with registration	$2,497 	$4,000 	$19,640 $26,000 
		Associated with renewals (1)	$5,003 	$7,300 	$120,433$155,300 
			Total member donations	$7,500 	$11,300 $140,073$181,300 
													
	Fundraising Activities												
		Corporate donations		$120 	$400 	$1,811 	$3,200 
		Other fundraising activities	$129 	$0 	$4,160 	$0 
			Total fundraising	$249 	$400 	$5,971 	$3,200 
													
	Community Networks Projects (2)		$0 	$0 	$51,930 $0 
	Grants and other revenues (3)		$1,765 	$0 	$1,765 	$0 
	Deferred contributions			$0 	$0 	$10,208	$6,496 
		Total revenue			$9,514 	$11,700 $209,947$190,996 
													
													
Expenses													
	System access telecommunications	$5,400 	$5,300 	$43,000	$42,400 
	System administration			$2,890 	$3,800 	$22,760 $30,400 
	Office staff and supplies		$3,565 	$3,380 	$27,124 $27,040 
	Volunteer Coordination			$52 	$125 	$1,379 	$1,000 
	Administration and professional fees	$5,258 	$6,192 	$44,806 $48,786 
	Promotional and other costs (2)		$0 	$0 	$18,719 $0 
	Depreciation				$0 	$0 	$14,160 $12,484 
		Total expenses			$17,165 $18,797 $171,948$162,110 
													
Excess of revenue over expenses			($7,651)($7,097)$37,999 $28,886 
	Surplus, beginning of period		$99,257 $89,590 $53,607 $53,607 
													
Surplus, end of period				$91,606 $82,493 $91,606 $82,493 
													
	Notes:												
		1) Renewal Donations have significantly decreased against 
		expectations											
		2) Revenues and expenses generated through the VolNet and 
		Urban Cap Contracts											
		3) Donations related to Harvest Ride 											
			

										
National Capital Freenet													
Balance Sheet													
For the period ended as stated	

								Actuals	Budget
								Aug-99	Aug-99
Assets													
	Cash (4)						$86,264	$70,826 
	Other current assets					$2,919 	$588 
								$89,183 $71,414 
	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						$140,398$118,305 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities		$4,672 	$3,980 
	Unearned Revenues					$0 	$0 
	Deferred contributions, net of amortization		$44,119	$31,832 
													
	Surplus							$91,606 $82,493 
											
	Total liabilities and surplus				$140,397$118,305 
		
											
	Notes:												
		4) Cash surplus is as result of the VolNet and Urban Cap 
		Contracts (Net $33,000)