Consolidating Statements Of Financial Position - California Society of Certified Public Accountants - Brief Article - Statistical Data Included

California CPA, Sept, 2001

CONSOLIDATING STATEMENTS OF FINANCIAL POSITION
The California Society of Certified Public Accountants California
Certified Public Accountants Education Foundation
Apri1 30, 2001 and 2000
                                       CalCPA
                                         2001         2000
ASSETS
Current assets:
  Cash and equivalents            $ 5,753,000  $ 4,156,000
  Trade receivables, net              224,000      243,000
  Other accounts receivable           290,000      135,000
  Other current assets                212,000      315,000
    Total current assets            6,479,000    4,849,000
Investments                         2,870,000    3,003,000
Property and equipment, net         1,080,000      776,000
Deferred compensation assets          315,000      348,000
TOTAL ASSETS                      $10,744,000  $ 8,976,000
LIABILITIES AND NET ASSETS
Current liabilities:
  Accounts payable                $   550,000    $ 394,000
  Accrued expenses                    369,000      720,000
  Deferred revenue                  3,724,000    3,584,000
  Deferred lease costs                 42,000       33,000
    Total current liabilities       4,685,000    4,731,000
Deferred lease costs, noncurrent      373,000
Accrued pension liability           1,617,000    1,390,000
Deferred compensation liability       315,000      348,000
TOTAL LIABILITIES                   6,990,000    6,469,000
NET ASSETS                          3,754,000    2,507,000
TOTAL LIABILITIES AND
  NET ASSETS                      $10,744,000  $ 8,976,000
                                   Foundation
                                         2001         2000
ASSETS
Current assets:
  Cash and equivalents            $ 1,378,000  $   328,000
  Trade receivables, net               36,000       71,000
  Other accounts receivable            49,000       99,000
  Other current assets                430,000      470,000
    Total current assets            1,893,000      968,000
Investments                         4,823,000    5,222,000
Property and equipment, net           833,000      273,000
Deferred compensation assets
TOTAL ASSETS                      $ 7,549,000  $ 6,463,000
LIABILITIES AND NET ASSETS
Current liabilities:
  Accounts payable                  $ 359,000  $   361,000
  Accrued expenses                    376,000      202,000
  Deferred revenue                  1,451,000    1,420,000
  Deferred lease costs                              28,000
    Total current liabilities       2,186,000    2,011,000
Deferred lease costs, noncurrent       38,000
Accrued pension liability             546,000      444,000
Deferred compensation liability
TOTAL LIABILITIES                   2,770,000    2,455,000
NET ASSETS                          4,779,000    4,008,000
TOTAL LIABILITIES AND
  NET ASSETS                      $ 7,549,000  $ 6,463,000
                                  Consolidated
                                          2001         2000
ASSETS
Current assets:
  Cash and equivalents            $  7,131,000  $ 4,484,000
  Trade receivables, net               260,000      314,000
  Other accounts receivable            339,000      234,000
  Other current assets                 642,000      785,000
    Total current assets             8,372,000    5,817,000
Investments                          7,693,000    8,225,000
Property and equipment, net          1,913,000    1,049,000
Deferred compensation assets           315,000      348,000
TOTAL ASSETS                      $ 18,293,000  $15,439,000
LIABILITIES AND NET ASSETS
Current liabilities:
  Accounts payable                $    909,000    $ 755,000
  Accrued expenses                     745,000      922,000
  Deferred revenue                   5,175,000    5,004,000
  Deferred lease costs                  42,000       61,000
    Total current liabilities        6,871,000    6,742,000
Deferred lease costs, noncurrent       411,000
Accrued pension liability            2,163,000    1,834,000
Deferred compensation liability        315,000      348,000
TOTAL LIABILITIES                    9,760,000    8,924,000
NET ASSETS                           8,533,000    6,515,000
TOTAL LIABILITIES AND
  NET ASSETS                      $ 18,293,000  $15,439,000