1995 1994
REVENUE
Membership Dues & Donations 64,898 21,960
Fundraising Revenue 4,073 576
Corporate Sponsorships 815 11,599
Contract Revenue 19,100 0
Government Contributions (Note 2) 42,683 7,874
Contributions in Kind (Note 3) 48,900 34,750
--------- ---------
TOTAL REVENUE 180,469 76,758
EXPENSES
Operating & Development Expenses
Administrative Salaries 25,925 13,538
Development Salaries 17,248 0
Employee Benefits 2,811 896
Equipment Rental 366 0
Fundraising & Promotion 11,244 0
General 89 115
Internet Carrier Fees 9,513 2,996
Office Costs 712 739
Telephone Line Fees 26,090 3,900
Travel 1,344 0
--------- ---------
95,342 22,185
Contributed Services
Equipment Rental 11,100 2,500
Facilities Management 18,000 15,000
Office Rent 4,800 4,000
Operations Management 15,000 13,250
--------- ---------
48,900 34,750
Equipment Expenditures
Communications Equipment 20,622 8,077
Computer Hardware 24,091 0
--------- ---------
44,713 8,077
--------- ---------
TOTAL EXPENSES 188,955 65,012
--------- ---------
NET SURPLUS/(DEFICIT) (8,486) 11,746
Balance, beginning of the year 11,746
--------- ---------
Balance, end of the year 3,260 11,746
========= =========
1995 1994
ASSETS
Bank 12,022 5,462
Accounts Receivable 398 7,965
Inventory 232 2,811
--------- ---------
12,652 16,238
========= =========
LIABILITIES
Accounts Payable and Accruals 7,889 0
Payroll Taxes 1,503 1,239
NS Federation of Community Networks 3,253
--------- ---------
9,392 4,492
SURPLUS 3,260 11,746
--------- ---------
12,652 16,238
========= =========
The cost of fixed assets acquired for the operation of the Chebucto Community Net are expensed in the year of acquisition.
Contributions in kind to the society are reflected in the financial statements where it is possible to estimate an equivalent market value of services provided.
Commercial discounts are reflected in the financial statements where services provided to the society under contract are discounted in support of the aims of the Society. The discounts are calculated as being the difference between the estimated commercial value of the contracts and the amounts paid. Prior years have been restated to reflect these discounts.
1995 1994
Dalhousie University 37,800 32,250
Iotek 1,500
Sun Microsystems 9,600 2,500
--------- ---------
48,900 34,750
========= =========
In addition to the above contributions the society benefited from
additional core support in the form of contracts for services at
substantially below commercial value. NSTN Inc provided our network connection until October 1995 when our contract expired. The contract had an estimated commercial value of $16,200 for the period and our cost was $5,189. This represents a contribution of $11,011 in the period.
ISIS Inc provided our network connection from October 1995. The contract has an estimated commercial value of $8,750 for the period and our cost was $750. This represents a contribution of $8,000 in the period.