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

						Actuals	Budget	Actuals	Budget
						Dec-99	Dec-99	YTD1999	YTD1999
Revenue													
	Donations from members												
		Associated with registration (1)$1,794 	$4,000 	$28,167	$42,000 
		Associated with renewals (2)	$11,206 $7,900 	$148,893$181,400 
			Total member donations	$13,000 $11,900	$177,060$223,400 
													
	Fundraising Activities												
		Corporate donations 		$168 	$400 	$2,889 	$4,800 
		Other fundraising activities	$826 	$2,500 	$5,072 	$2,500 
			Total fundraising 	$994 	$2,900 	$7,961 	$7,300 
													
	Community Networks Projects (3)		$24,200 $0 	$119,351$0 
	Grants and other revenues (4)		$0 	$0 	$7,227 	$0 
	Deferred contributions			$7,160 	$3,248 	$22,472 $12,992 
		Total revenue			$45,353 $18,048 $334,070$243,692 
													
													
Expenses													
	System access telecommunications	$5,222 	$5,300 	$64,045 $63,600 
	System administration			$2,890 	$3,800 	$34,318 $45,600 
	Office staff and supplies		$3,099 	$3,380 	$39,960 $40,560 
	Volunteer Coordination			$9 	$125 	$1,409 	$1,500 
	Administration and professional fees	$5,081 	$6,192 	$69,245	$73,554 
	Related to Community Network Projects(5)$2,851 	$0 	$50,618	$0 
	Promotional and other costs (6)		$0 	$0 	$6,961 	$0 
	Depreciation				$9,127 	$6,242 	$30,367	$24,968 
		Total expenses			$28,278 $25,039 $296,923$249,782 
													
Excess of revenue over expenses			$17,075 ($6,991)$37,147 ($6,090)
	Surplus, beginning of period		$73,679 $54,508 $53,607	$53,607 
													
Surplus, end of period				$90,754 $47,517	$90,754	$47,517 
													
	Notes:												
		1) Revenues from registrants below budget due to lower number
			of new registrants											
		2) Registration Renewal below budgeted targets											
		3) Revenues generated during month for Thin Client; YTD for 
			Thin Client, VolNet and Urban Cap Contracts											
		4) Donations related to Harvest Ride 											
		5) Costs related to the Volnet contract											
		6) The Year to Date includes $5,531 of costs for Harvest Ride											
													
													
													
National Capital Freenet													
Balance Sheet													
For the period ended as stated		
								Actuals	Budget
								Dec-99	Dec-99
Assets													
	Cash (7)						$89,424 $44,494 
	Other current assets					$4,114 	$252 
								$93,538	$44,746 
	Capital equipment												
		Computer equipment				$143,414$138,409 
		Systems software				$71,230 $48,784 
		Telecommunications equipment			$101,575$106,575 
		Business equipment				$7,033 	$7,033 
								$323,251$300,801 
		Less accumulated depreciation			$271,793$266,393 
								$51,458 $34,407 
													
	Total assets						$144,996$79,153 
													
													
													
Liabilities and Surplus													
	Accounts payable and accrued liabilities		$5,935 	$6,300 
	Unearned Revenues					$0 	$0 
	Deferred contributions, net of amortization		$48,307 $25,336 
													
	Surplus							$90,754 $47,517 
													
	Total liabilities and surplus				$144,996$79,153 
													
	Notes:												
		7) Cash has exceeded budget primarily due to Thin Client, VolNet, 
			Urban Cap Contracts