National Capital FreeNet / Libertel de la Capitale nationale

Monthly Report of Treasurer
May 2001, for the preceding month

The NCF spent $1355.00 more than it earned in April.

Our operating expenses were as budgeted.

Revenues were under budget by $7651.00. The low revenue is not attributable to a low renewal rate. In fact, renewals were 10% above budget.

96% of NCF's revenue comes from member donations. NCF would have had a break even month if each member who renewed for a year had donated $2.60 more.

David Millman