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 $1,368 $2,500 $11,599 $15,000 registration Associated with renewals $11,335 $5,300 $99,194 $76,100 Total member donations $12,703 $7,800 $110,793 $91,100 Fundraising Activities Corporate donations & $837 $300 $2,712 $1,800 sponsorships Other fundraising $16 $500 $847 $3,000 activities Total fundraising $853 $800 $3,559 $4,800 activities Grants and other revenues $0 $0 $0 $0 Deferred contributions $7,225 $5,954 $14,450 $11,908 Total operating revenue $20,781 $14,554 $128,802 $107,808 Community Networks Projects $20,010 $80 $45,372 $159,261 (see below) Total operating and project $40,791 $14,634 $174,174 $267,069 revenue Expenses System access $6,000 $5,300 $32,743 $31,800 telecommunications System administration $2,894 $3,179 $17,361 $19,074 Office staff and supplies $3,905 $3,481 $21,242 $20,886 Volunteer Coordination $0 $200 $1,562 $1,200 Administration and $5,822 $6,378 $31,678 $37,338 professional fees Promotional and other costs $1,254 $0 $1,712 $3,000 Depreciation $9,537 $6,540 $17,278 $13,080 Total operating expenses $29,412 $25,078 $123,576 $126,378 Related to Community Network $16,988 $2,000 $38,429 $120,326 Projects (see below) Total operating and project $46,400 $27,078 $162,006 $246,704 expenses Excess of revenue over expenses ($5,609) ($12,444) $12,169 $20,365 Surplus, beginning of period $104,952 $90,006 $87,174 $57,197 Surplus, end of period $99,343 $77,562 $99,343 $77,562 National Capital Freenet Net Revenue from Community Actuals Budget Actuals Budget Projects Jun-00 Jun-00 YTD 2000 YTD 2000 Community Networks Projects VolNet Network Project $0 $80 $24,200 $61,261 Thin Client Network $0 $0 $0 $73,000 Project (note#1) Urban Cap Network $20,010 $0 $20,010 $0 Project 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 $0 $0 $0 $0 Total Project Revenue $20,010 $80 $45,372 $159,261 Community Networks Projects VolNet Network Project $108 $0 $17,280 $46,326 Thin Client Network $405 $2,000 $2,613 $62,000 Project Urban Cap Network $0 $0 $1,817 $0 Project VolNet Web Hosting $189 $0 $189 $0 Urban Cap Rollout $16,179 $0 $16,179 $0 Web Mail Project $0 $0 $109 $12,000 Smart Capital Project $108 $0 $243 $0 $0 $0 $0 $0 Total Project Costs $16,988 $2,000 $38,429 $120,326 Net Revenue form Community $3,022 ($1,920) $6,943 $38,935 Network Projects 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 $128,721 $77,130 Other current assets $1,535 $756 $130,255 $77,886 Capital equipment Computer equipment $144,398 $143,414 Systems software $71,230 $54,779 Telecommunications $156,132 $167,575 equipment Business equipment $7,033 $7,033 $378,792 $372,800 Less accumulated $289,762 $282,826 depreciation $89,030 $89,974 Total assets $219,285 $167,860 Liabilities and Surplus Accounts payable and accrued $5,008 $2,295 liabilities Unearned Revenues (note #1) $54,450 $0 Deferred contributions, net $60,485 $88,003 of amortization Surplus $99,343 $77,562 Total liabilities and surplus $219,285 $167,860 Notes: #1 Unearned Revenue of $54,450 received during the period. 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 ($5,609) ($12,444) $12,169 $20,365 expenses Items not involving cash: Deferred contributions ($7,225) ($5,954) ($14,450) ($11,908) Depreciation $9,537 $6,540 $17,278 $13,080 Net change in non-cash working capital items Amounts Receivable & $184 $84 $4,057 $4,685 Prepaid Expenses Accounts payable & accrued $1,001 $580 $51,863 ($3,495) liabilities Cash provided by (used in) ($2,112) ($11,194) $70,917 $22,727 operations Investing activities Purchase of equipment for $0 $0 $28,758 $0 cash Cash applied to investing $0 $0 $28,758 $0 activities Increase in cash during the ($2,112) ($11,194) $42,159 $22,727 period Cash, beginning of period $130,833 $88,324 $86,561 $54,403 Cash, end of period $128,721 $77,130 $128,721 $77,130