Consolidating Statements Of Cash Flows - California Society of Certified Public Accountants, California Certified Public Accountants Education Foundation - Brief Article

California CPA, Sept, 2001

CONSOLIDATING STATEMENTS OF CASH FLOWS
The California Society of Certified Public Accountants
California Certified Public Accountants Education Foundation
Years Ended April 30, 2001 and 2000
                                       CalCPA
                                        2001          2000
Operating Activities:
Increase (decrease) in net assets    $ 1,247,000   $ 1,247,000
Reconcilliation to net cash
provided (used) by operating
activities:
  Net realized and unrealized losse      221,000       (28,000)
   (gains) on investments
  Depreciation and amortization          495,000       527,000
  Loss on disposal of property and        40,000        37,000
   equipment
  Abandoned software
  Deferred lease costs                   382,000       (55,000)
  Accrued pension liability              227,000       208,000)
  Changes in:
   Trade and other receivables          (136,000)      257,000
   Other current assets                  103,000       (47,000)
   Accoutns payable                      156,000      (143,000)
   Accrued expenses                     (291,000)      143,000
   Deferred revenue                      140,000        88,000
     Net cash provided (used) by
     operating activities              2,584,000     2,234,000
Investing Activities:
  Purchase of investments               (929,000)   (1,110,000)
  Proceeds from sale of investments      841,000       824,000
  Purchases of property and equipme     (839,000)     (285,000)
     Net cash used by investing         (927,000)     (571,000)
      activities
Financing Activities:
  Payments on contract payable           (60,000)      (73,000)
Net Increase (Decrease)
  In cash and Equivalents              1,597,000     1,590,000
Cash and Equivalents:
  Beginning of year                    4,156,000     2,566,000
  End of year                        $ 5,753,000   $ 4,156,000
                                     Foundation
                                        2001          2000
Operating Activities:
Increase (decrease) in net assets      $ 771,000   $ (361,000)
Reconcilliation to net cash
provided (used) by operating
activities:
  Net realized and unrealized losse      425,000     (125,000)
   (gains) on investments
  Depreciation and amortization          161,000      161,000
  Loss on disposal of property and                     58,000
   equipment
  Abandoned software                                  531,000
  Deferred lease costs                    10,000     (149,000)
  Accrued pension liability              102,000      108,000
  Changes in:
   Trade and other receivables            85,000      (38,000)
   Other current assets                   40,000      (67,000
   Accoutns payable                       (2,000)     (12,000)
   Accrued expenses                      174,000       (9,000)
   Deferred revenue                       31,000     (334,000)
     Net cash provided (used) by
     operating activities              1,797,000     (219,000)
Investing Activities:
  Purchase of investments             (1,255,000)  (1,906,000)
  Proceeds from sale of investments    1,229,000    1,793,000
  Purchases of property and equipme     (721,000)    (167,000)
     Net cash used by investing         (747,000)    (280,000)
      activities
Financing Activities:
  Payments on contract payable
Net Increase (Decrease)
  In cash and Equivalents              1,050,000     (499,000)
Cash and Equivalents:
  Beginning of year                      328,000      827,000
  End of year                        $ 1,378,000    $ 328,000
                                     Consolidated
                                         2001         2000
Operating Activities:
Increase (decrease) in net assets    $ 2,018,000     $ 886,000
Reconcilliation to net cash
provided (used) by operating
activities:
  Net realized and unrealized losse      646,000      (153,000)
   (gains) on investments
  Depreciation and amortization          656,000       688,000
  Loss on disposal of property and        40,000        95,000
   equipment
  Abandoned software                                   531,000
  Deferred lease costs                   392,000      (204,000)
  Accrued pension liability              329,000       316,000
  Changes in:
   Trade and other receivables           (51,000)      219,000
   Other current assets                  143,000      (114,000)
   Accoutns payable                      154,000      (155,000)
   Accrued expenses                     (117,000)      152,000
   Deferred revenue                      171,000      (246,000)
     Net cash provided (used) by
     operating activities              4,381,000     2,015,000
Investing Activities:
  Purchase of investments             (2,184,000)   (3,016,000)
  Proceeds from sale of investments    2,070,000     2,617,000
  Purchases of property and equipme   (1,560,000)     (452,000)
     Net cash used by investing       (1,674,000)     (851,000)
      activities
Financing Activities:
  Payments on contract payable           (60,000)      (73,000)
Net Increase (Decrease)
  In cash and Equivalents              2,647,000     1,091,000
Cash and Equivalents:
  Beginning of year                    4,484,000     3,393,000
  End of year                        $ 7,131,000   $ 4,484,000