Membership Dues & Donations $ 91,620.27 Contract Revenue (Chebucto Suite) 34,020.00 Fundraising Revenue 521.00 Contributions in Kind (Note 2) 47,400.00 ___________ TOTAL REVENUE $173,561.27
Administrative Salaries $ 10,579.84 Development Salaries 6,094.09 Contract Expense 24,927.95 Employee Benefits 3,363.19 Fundraising and Promotion 1,357.37 Internet Connection Fees 14,056.28 Office Expenses............. Office Phone $285.01 Office Supplies 131.72 Office Furniture 136.58 Postage 371.95 Long Distance & Fax 125.77 Printing 148.53......1,999.56 Telephone Fees (modem lines) 43,371.15 Travel 3,320.26 Equipment Purchases 456.37 ___________ Total Operating & Development Expenses $109,357.78
Equipment Rental $ 11,100.00 Facilities Management 18,000.00 Office Rent 4,800.00 Operations Management 13,500.00 ____________ Total Contributed Services $ 47,400.00
TOTAL REVENUE $173,561.27 LESS TOTAL EXPENSES 156,757.78 ___________ NET SURPLUS/(DEFICIT) $ 17,435.21 ===========
Bank $ 13,019.56 Prepaid Expenses 3,521.97 Accounts Receivable 893.68 ___________ TOTAL ASSETS $ 17,435.21 ===========
Surplus $ 17,435.21 ___________ TOTAL LIABILITIES & SURPLUS $ 17,435.21 ===========
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.
Dalhousie University $ 37,800.00 Sun Microsystems 9,600.00 ___________ $ 47,400.00
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.
ISIS provided our network connection until October 1996, when our contract expired. The contract had an estimated commercial value of $16,740.00 our cost was $3,313.68. This represents a contribution of $13,426.32. Since October Chebucto Community Net has been provided an Internet connection through Interuniversity Services Inc at an amount of approximately $1,200.00 per month.