1. 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

2. 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

3. 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

4. YTD Administration Expenses July 2007 – April 2008 YTD Total Budget Variance (under)/over Percent of Budget Administration Expenses Salary $ 688,729.81 $ 963,604.00 $ (274,874.19)71% Benefits $ 167,410.25 $ 219,063.00 $ (51,652.75)76% Travel - airline, registration $ 37,731.63 $ 65,000.00 $ (27,268.37)58% Staff Development $ 1,193.72 $ 35,300.00 $ (34,106.28)3% Office Expense $ 149,361.67 $ 163,970.00 $ (14,608.33)91% Communication - Non operations $ 27,622.97 $ 30,163.00 $ (2,540.03)92% Catering and meeting costs $ 3,267.89 $ 4,900.00 $ (1,632.11)67% Administration Expenses $ 1,075,317.94 $ 1,482,000.00 $ (406,682.06) 73%

5. YTD Production Expenses July 2007 – April 2008 YTD Total Budget Variance (under)/over Percent of Budget Production Expenses New Initiatives Equip. $ 1,270,925.63 $ 754,000.00 $ 516,925.63169% On-going Netwk Connections $ 913,346.79 $ 1,051,626.00 $ (138,279.21)87% On-going Equipment $ 591,226.23 $ 1,150,186.00 $ (558,959.77)51% Machine Rooms and Labs $ 26,505.77 $ 205,000.00 $ (178,494.23)13% Outsourced Services $ - $ 32,134.00 $ (32,134.00)0% Miscellaneous expense $ - 0% Production Expenses $ 2,802,004.42 $ 3,192,946.00 $ (390,941.58) 88%

6. YTD Research Support Expenses July 2007 – April 2008 YTD Total Budget Variance (under)/over Percent of Budget Research Support Expenses Salaries $ 116,663.00 $ 116,688.00 $ (25.00)105% Benefits - RSE $ - $ 28,005.00 $ (28,005.00)0% Travel - airline, regis - RSE $ 8,000.00 $ 10,000.00 $ (2,000.00)80% Staff Development - RSE $ - $ 5,000.00 $ (5,000.00)0% Office Expenses $ 59,580.69 $ 68,918.00 $ (9,337.31)86% Communications - Non- operations $ 6,047.97 $ 18,814.00 $ (12,766.03)32% Research Support Expenses $ 190,291.66 $ 247,425.00 $ (57,133.34)77%

7. Total Expenses July 2007 – April 2008 YTD Total Budget Variance (under)/over Percent of Budget Total Expenses $ 4,067,614.02 $ 4,922,371.00 $ (854,756.98)83%

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

9. 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.

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

11. 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

12. Thank You