Nyx Net   
                        Treasurer's Report   
                          June 30, 1999   
  
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The updated income & expense report and balance sheet for 
January through June 1999 are available at http://www.nyx.net/~board
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Donations were down substantially in the first two quarters of 1999.  The
result was net losses for both quarters.

		Jan - March		April -- June

Donations	
  foundation        $330		    $0
  general	    $491 		$2,112		
  Igive             $ 34		  $134
  Validations     $1,481		  $360

Interest	     $87 		   $56
Sales of Donations   $93		    $0
 		  -------		 -----
Total Income	  $2,518		$2,663

Expenses	  $6,066		$5,550
		  ------		------
Net Loss	 -$3,548	       -$2,887	

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     Projected Budget     June - September  
   
     Current Funds:       
              Checking Account                   $   598
              Petty Cash                         $     5 
              Money Market Account               $ 6,672
                                                 ------- 
                                                 $ 7,275
       
     Currently donations are running about $500 
     per month: $800 * 3                         $ 2,400    
                                                 -------
              Projected funds available                    $ 9,675
         

     Monthly Operating Expenses: $2,000/mo * 3 = $ 6,000   
                                                 -------   
                                                           $ 6,000   
                                                           -------
                     Balance                               $ 3,675
 
If donations continue at the current rate, continued operation of Nyx
through September will require stripping almost $4,000 from the Money
Market fund, leaving approximately $3000.  Nyx would have to shut down in
November due to lack of funds.
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Darlene Cypser (dcypser@nyx.net) 
Secretary/Treasurer, Nyx Net