National Capital Freenet Statement of Revenue,Expenses, and Surplus Period ended as stated Actuals Budget Actuals Budget May-00 May-00 YTD 2000 YTD 2000 Revenue Donations from members Associated with registration $1,707 $2,500 $10,231 $12,500 Associated with renewals $11,879 $10,500 $87,858 $70,800 Total member donations $13,586 $13,000 $98,090 $83,300 Fundraising Activities Corporate donations & sponsorships $433 $300 $1,876 $1,500 Other fundraising activities $15 $500 $831 $2,500 Total fundraising activities $448 $800 $2,707 $4,000 Community Networks Projects (see below)$0 $80 $25,362 $159,181 Grants and other revenues $0 $0 $0 $0 Deferred contributions $0 $0 $7,225 $5,954 Total revenue $14,034 $13,880 $133,384 $252,435 Expenses System access telecommunications $5,365 $5,300 $26,743 $26,500 System administration $2,894 $3,179 $14,468 $15,895 Office staff and supplies $4,250 $3,481 $17,338 $17,405 Volunteer Coordination $1,555 $200 $1,562 $1,000 Administration and professional fees $4,741 $6,192 $25,856 $30,960 Related to Community Network Projects $2,045 $2,000 $21,441 $118,326 (see below) Promotional and other costs $73 $0 $458 $3,000 Depreciation $0 $0 $7,741 $6,540 Total expenses $20,922 $20,352 $115,606 $219,626 Excess of revenue over expenses ($6,889) ($6,472) $17,777 $32,809 Surplus, beginning of period $111,841 $96,478 $87,174 $57,197 Surplus, end of period $104,952 $90,006 $104,952 $90,006 National Capital Freenet Net Revenue from Community Projects Actuals Budget Actuals Budget May-00 May-00 YTD 2000 YTD 2000 Community Networks Projects VolNet Network Project $0 $80 $24,200 $61,181 Thin Client Network Project (note# 1) $0 $0 $0 $73,000 Urban Cap Network Project $0 $0 $0 $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 Revenue $0 $80 $25,362 $159,181 Community Networks Projects VolNet Network Project $1,114 $0 $17,172 $46,326 Thin Client Network Project $539 $2,000 $2,208 $60,000 Urban Cap Network Project $257 $0 $1,817 $0 VolNet Web Hosting $0 $0 $0 $0 Urban Cap Rollout $0 $0 $0 $0 Web Mail Project $0 $0 $109 $12,000 Smart Capital Project $135 $0 $135 $0 Total Costs $2,045 $2,000 $21,441 $118,326 Net Revenue from Community Network Projects($2,045)($1,920) $3,921 $40,855 Notes: #1 Unearned Revenue of $54,450 received during the period. National Capital Freenet Balance Sheet For the period ended as stated Actuals Budget May-00 May-00 Assets Cash $130,833 $88,324 Other current assets $1,719 $840 $132,551 $89,164 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 $280,225 $276,286 $98,567 $96,514 Total assets $231,118 $185,678 Liabilities and Surplus Accounts payable and accrued liabilities $4,007 $1,715 Unearned Revenues (note #1) $54,450 $0 Deferred contributions, net of amortization$67,710 $93,957 Surplus $104,952 $90,006 Total liabilities and surplus $231,118 $185,678 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 May-00 May-00 YTD 2000 YTD 2000 Operating activities Excess of revenue over expenses ($6,889) ($6,472) $17,777 $32,809 Items not involving cash: Deferred contributions $0 $0 ($7,225) ($5,954) Depreciation $0 $0 $7,741 $6,540 Net change in non- cash working capital items Amounts Receivable & Prepaid Expenses$184 $84 $3,873 $4,601 Accounts payable & accrued liabilities$49,985 $580 $50,862 ($4,075) Cash provided by (used in) operations$43,280 ($5,808) $73,029 $33,921 Investing activities Purchase of equipment for cash $28,758 $0 $28,758 $0 Cash applied to investing activities $28,758 $0 $28,758 $0 Increase in cash during the period $14,523 ($5,808) $44,271 $33,921 Cash, beginning of period $116,310 $94,132 $86,561 $54,403 Cash, end of period $130,833 $88,324 $130,833 $88,324