Mid-Atlantic Crossroads (MAX) FY08 Financial Statement for 10 months Ending April 30, 2008 Cost/Pricing Analysis Status of Current & Potential Participants April, 2008Prepared by: T.Charlery

FY 08 Budget Overview Expected revenue for FY08 $6,387,255 (Includes A/R & balance brought forward from previous year) Administration Expenses$1,482,000 Production Expenses$3,192,946 Research Expenses$247,425 Total expenses$4,922,371 Capital Accumulation Funds$900,000 On-going Equipment Funds$564,884

YTD Revenue July 2007 – April 2008 Income$6,853,482 FY08 Fees$3,134,212 FY07 Bal brought forward$2,665,126 Outstanding fees from FY07$1,054,144

YTD Administration Expenses July 2007 – April 2008 YTD Total Budget Variance (under)/over Percent of Budget Administration Expenses Salary $ 688, $ 963, $ (274,874.19)71% Benefits $ 167, $ 219, $ (51,652.75)76% Travel - airline, registration $ 37, $ 65, $ (27,268.37)58% Staff Development $ 1, $ 35, $ (34,106.28)3% Office Expense $ 149, $ 163, $ (14,608.33)91% Communication - Non operations $ 27, $ 30, $ (2,540.03)92% Catering and meeting costs $ 3, $ 4, $ (1,632.11)67% Administration Expenses $ 1,075, $ 1,482, $ (406,682.06) 73%

YTD Production Expenses July 2007 – April 2008 YTD Total Budget Variance (under)/over Percent of Budget Production Expenses New Initiatives Equip. $ 1,270, $ 754, $ 516, % On-going Netwk Connections $ 913, $ 1,051, $ (138,279.21)87% On-going Equipment $ 591, $ 1,150, $ (558,959.77)51% Machine Rooms and Labs $ 26, $ 205, $ (178,494.23)13% Outsourced Services $ - $ 32, $ (32,134.00)0% Miscellaneous expense $ - 0% Production Expenses $ 2,802, $ 3,192, $ (390,941.58) 88%

YTD Research Support Expenses July 2007 – April 2008 YTD Total Budget Variance (under)/over Percent of Budget Research Support Expenses Salaries $ 116, $ 116, $ (25.00)105% Benefits - RSE $ - $ 28, $ (28,005.00)0% Travel - airline, regis - RSE $ 8, $ 10, $ (2,000.00)80% Staff Development - RSE $ - $ 5, $ (5,000.00)0% Office Expenses $ 59, $ 68, $ (9,337.31)86% Communications - Non- operations $ 6, $ 18, $ (12,766.03)32% Research Support Expenses $ 190, $ 247, $ (57,133.34)77%

Total Expenses July 2007 – April 2008 YTD Total Budget Variance (under)/over Percent of Budget Total Expenses $ 4,067, $ 4,922, $ (854,756.98)83%

Open Commitments April 2008 Payroll$ 136,695 Netwk Equipment/connections$ 528,883 Total $665,578

Cost/Pricing Analysis Working on Three-Year Trend Analysis - FY06, FY07, FY08 Reviewing and comparing the revenue collected for the Fiscal Year (excluding A/R and balance brought forward) and the expenses. Report will be completed at the beginning of FY09.

Current Participants April 2008 Federal Labs and Agencies16 Higher Education19 Corporate and Non-profit 6 Total41

Potential Participants April 2008 Federal Highway Administration State Department IBM Federal Center for Medicaid/Medicare Services (CMS) Hurricane Electric (NGIX participant) Space Telescope Science Institute (STScI) FDA

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