National Capital Freenet
Statement of Revenue, Expenses, and Surplus	
Period ended as stated		Actuals     Budget     Actuals      Budget
	              	        Mar-00      Mar-00     YTD 2000     YTD 2000
Revenue						
Donations from members
  Associated with registration	$2,871      $2,500     $6,904       $7,500
  Associated with renewals	$24,742     $16,500    $56,989      $45,300
Total member donations		$27,613     $19,000    $63,894      $52,800

Fundraising Activities					
  Corporate donations & sponsorships $658   $300       $1,223       $900
  Other fundraising activities	$56 	    $500       $786         $1,500
Total fundraising activities	$714        $800       $2,009       $2,400 

Community Networks Projects (see below)$0   $50,329    $0 	    $148,139 
 Grants and other revenues      $0 	    $0 	       $0 	    $0 	
 Deferred contributions		$7,225      $5,954     $7,225       $5,954
Total revenue			$35,552     $76,083    $73,128      $209,293
							
								
Expenses								
 System access telecommunications$5,313     $5,300 	$16,011     $15,900
 System administration		 $2,894     $3,179      $8,681      $9,537
 Office staff and supplies       $3,550     $3,481      $9,913      $10,443
 Volunteer Coordination		 $0 	    $200        $7 	    $600 
 Administration and professional fees$6,471 $6,192 	$16,222     $18,576 
 Related to Community Network Projects$4,383$32,839     $15,023     $112,571
                           (see below)	
 Promotional and other costs 	 $0 	     $0 	$385 	    $3,000 
 Depreciation			 $7,741      $6,540     $7,741      $6,540 
Total expenses			 $30,352     $57,731    $73,983     $177,167
									
Excess of revenue over expenses	 $5,201      $18,352 	y($855)	    $32,126 
Surplus, beginning of period	 $81,118     $70,971 	 $87,174    $57,197

Surplus, end of period		 $86,319     $89,323    $86,319      $89,323
									

National Capital Freenet					
Net Revenue from Community Projects Actuals     Budget	 Actuals       Budget
			            Mar-00      Mar-00	 YTD 2000      YTD 2000
Revenue	
   Community Networks Projects 					
       VolNet Network Project	   $0 	      $25,329     $0 		$59,139
       Thin Client Network Project $0 	      $0 	  $0 		$64,000
       Urban Cap Network Project   $0 	      $0 	  $0 		$0 
       VolNet Web Hosting 	   $0 	      $0 	  $0 		$0 
       Urban Cap Rollout	   $0 	      $0 	  $0 		$0 
       Web Mail Project		   $0 	      $25,000 	  $0 		$25,000
 Total Revenue			   $0 	      $50,329 	  $0 	       $148,139

Expenses								
Community Networks Projects 			
	VolNet Network Project	   $3,790     $2,839 	  $12,306 	$44,571
	Thin Client Network Project$0 	      $26,000 	  $1,614 	$56,000
	Urban Cap Network Project  $593       $0 	  $1,075 	$0 
	VolNet Web Hosting 	   $0 	      $0 	  $0 		$0 
	Urban Cap Rollout	   $0 	      $0 	  $0 		$0 
	Web Mail Project	   $0 	      $4,000 	  $28 		$12,000
Total Costs			   $4,383     $32,839 	  $15,023      $112,571

Net Revenue from 
Community Network Projects       ($4,383)    $17,490 	 ($15,023)	$35,568

National Capital Freenet					
Balance Sheet								
For the period ended as stated			Actuals		Budget	
						Mar-00		Mar-00	
Assets									
	Cash					$92,498 	$86,313 
	Other current assets			$2,180 		$1,008 	
                                                _______________________
						$94,678 	$87,321 

	Capital equipment			
		Computer equipment		$144,398 	$143,414 
		Systems software		$71,230 	$54,779 
		Telecommunications equipment	$127,374 	$167,575 
		Business equipment		$7,033 		$7,033 	
						$350,034 	$372,800 
		Less accumulated depreciation	$280,225 	$276,286 
						$69,809 	$96,514 
				
	Total assets				$164,488 	$183,835 

Liabilities and Surplus						
	Accounts payable and accrued liabilities$10,459 	$555 	
	Unearned Revenues			$0 		$0 	
	Deferred contributions, net of amortization$67,710 	$93,957 
						
		Surplus				$86,319 	$89,323
	Total liabilities and surplus		$164,488 	$183,835 
								

National Capital Freenet					
Statement of Changes in Financial Position			
For the period ended as stated	  Actuals	Budget      Actuals    Budget
				  Mar-00	Mar-00      YTD 2000   YTD 2000
Operating activities							
  Excess of revenue over expenses $5,201 	$18,352    ($855)      $32,126 
  Items not involving cash:					
        Deferred contributions   ($7,225)	($5,954)   ($7,225)   ($5,954)
		Depreciation	  $7,741 	 $6,540     $7,741     $6,540

Net change in non-cash working capital items				
Amounts Receivable & Prepaid Expenses$5,196 	($924)	    $3,412     $4,433 
Accounts payable & accrued liabilities $833     ($6,380)    $2,864    ($5,235)
Cash provided by (used in) operations  $11,745   $11,634    $5,937     $31,910 

Investing activities	
Purchase of equipment for cash		$0 	  $0 	      $0 	 $0 
Cash applied to investing activities	$0 	  $0 	      $0 	 $0 
									

Increase in cash during the period	$11,745   $11,634    $5,937     $31,910
Cash, beginning of period		$80,753   $74,679    $86,561 	$54,403
								
Cash, end of period			$92,498   $86,313    $92,498 	$86,313