Nyx Net   
   
                        Treasurer's Report   
   
                          August 31, 1998   
  
------------------------------------------------------------   
The updated income & expense report, balance sheet and average 
monthly income and expenditure for 1998 are available at 
http://www.nyx.net/~board/home.html 
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1998:
---------------------------------------------------------- 
     Projected Budget     September - December 1998  
   
     Current Funds:       
              Checking Account                   $ 2,938
              Petty Cash                         $     5 
              Money Market Account               $ 7,918
              CD                                 $ 1,080
                                                 ------- 
                                                 $11,941 
       
     Currently donations are running about $1500 
     per month: $1500 * 3                        $ 4,500    
                                                 -------
              Projected funds available                    $16,441
         

     Monthly Operating Expenses: $2,000/mo * 3 = $ 6,000   
                                                 -------   
                                                           $ 6,000   
                                                           -------
                     Balance                               $10,441
 
           
This balance means that the current level of donations is probably sufficient
to keep Nyx operating through June 1999.  Donations arriving with revalidations
have helped but our expenses still exceed our income from donations.  However,
the Board of Directors is still pursuing other sources of funding to supplement
donations from individuals.
 
Darlene Cypser (dcypser@nyx.net) 
Secretary/Treasurer, Nyx Net