National Capital Freenet Statement of Revenue, Expenses, and Surplus Period ended as stated Actuals Budget Actuals Budget Jun-00 Jun-00 YTD 2000 YTD 2000 Revenue Donations from members Associated with registration $1,473 $2,500 $13,072 $17,500 Associated with renewals $7,434 $4,000 $106,627 $80,100 Total member donations $8,907 $6,500 $119,700 $97,600 Fundraising Activities Corporate donations & sponsorships $87 $300 $2,799 $2,100 Other fundraising activities $0 $500 $847 $3,500 Total fundraising activities $87 $800 $3,646 $5,600 Grants and other revenues $0 $0 $0 $0 Deferred contributions $0 $0 $14,450 $11,908 Total operating revenue $8,993 $7,300 $137,795 $115,108 Community Networks Projects (see below) $0 $9,080 $45,372 $168,341 Total operating and project revenue $8,993 $16,38 $183,167 $283,449 Expenses System access telecommunications $5,356 $5,300 $38,098 $37,100 System administration $2,894 $3,380 $20,255 $22,454 Office staff and supplies $3,165 $3,481 $24,407 $24,367 Volunteer Coordination $0 $200 $1,562 $1,400 Administration and professional fees $4,243 $6,378 $35,921 $43,716 Promotional and other costs $44 $0 $1,756 $3,000 Depreciation $0 $0 $17,278 $13,080 Total operating expenses $15,701 $18,739 $139,277 $145,117 Related to Community Network Projects (see below) $611 $2,000 $39,040 $122,326 Total operating and project expenses $16,312 $20,739 $178,318 $267,443 Excess of revenue over expenses ($7,319) ($4,359) $4,850 $16,006 Surplus, beginning of period $99,343 $77,56 $87,174 $57,197 Surplus, end of period $92,024 $73,203 $92,024 $73,203 National Capital Freenet Net Revenue from Community Projects Actuals Budget Actuals Budget Jun-00 Jun-00 YTD 2000 YTD 2000 Community Networks Projects VolNet Network Project $0 $80 $24,200 $61,341 Thin Client Network Project (note#1) $0 $9,000 $0 $82,000 Urban Cap Network Project $0 $0 $20,010 $0 VolNet Web Hosting $0 $0 $1,163 $0 Urban Cap Rollout $0 $0 $0 $0 Web Mail Project $0 $0 $0 $25,000 Smart Capital Project $0 $0 $0 $0 Total Project Revenue $0 $9,080 $45,372 $168,341 Community Networks Projects VolNet Network Project $0 $0 $17,280 $46,326 Thin Client Network Project $445 $2,000 $3,057 $64,000 Urban Cap Network Project $111 $0 $1,928 $0 VolNet Web Hosting $56 $0 $244 $0 Urban Cap Rollout $0 $0 $16,179 $0 Web Mail Project $0 $0 $109 $12,000 Smart Capital Project $0 $0 $243 $0 Total Project Costs $611 $2,000 $39,040 $122,326 Net Revenue form Community Network Projects ($611) $7,080 $6,332 $46,015 Notes: #1 Unearned Revenue of $54,450 related to Thin Client received during May 2000. National Capital Freenet Balance Sheet For the period ended as stated Actuals Budget Jun-00 Jun-00 Assets Cash $121,696 $73,435 Other current assets $1,351 $672 $123,046 $74,107 Capital equipment Computer equipment $144,398 $143,414 Systems software $71,230 $54,779 Telecommunications equipment $156,132 $167,575 Business equipment $7,033 $7,033 $378,792 $372,800 Less accumulated depreciation $289,762 $282,826 $89,030 $89,974 Total assets $212,076 $164,081 Liabilities and Surplus Accounts payable and accrued liabilities $5,117 $2,875 Unearned Revenues (note #1) $54,450 $0 Deferred contributions, net of amortization $60,485 $88,003 Surplus $92,024 $73,203 Total liabilities and surplus $212,076 $164,081 Notes: #1 Unearned Revenue of $54,450 related to Thin Client received during May 2000. National Capital Freenet Statement of Changes in Financial Position For the period ended as stated Actuals Budget Actuals Budget Jun-00 Jun-00 YTD 2000 YTD 2000 Operating activities Excess of revenue over expenses ($7,319) ($4,359) $4,850 $16,006 Items not involving cash: Deferred contributions $0 $0 ($14,450) ($11,908) Depreciation $0 $0 $17,278 $13,080 Net change in non-cash working capital items Amounts Receivable & Prepaid Expenses $184 $84 $4,241 $4,769 Accounts payable & accrued liabilities $110 $580 $51,973 ($2,915) Cash provided by (used in) operations ($7,025) ($3,695) $63,892 $19,032 Investing activities Purchase of equipment for cash $0 $0 $28,758 $0 Cash applied to investing activities $0 $0 $28,758 $0 Increase in cash during the period ($7,025) ($3,695)$35,134 $19,032 Cash, beginning of period $128,721 $77,130$86,561 $54,403 Cash, end of period $121,696 $73,435$121,696 $73,435