Consolidating statements of cash flows – 2002 Annual Report – Brief Article – Statistical Data Included
CONSOLIDATING STATEMENTS OF CASH FLOWS
The California Society of Certified Public Accountants
California Certified Public Accountants Education Foundation
Years Ended April 30, 2002 and 2001
CalCPA
2002 2001
OPERATING ACTIVITIES:
Increase (Decrease) in Net Assets $ 497,000 $ 1,247,000
Reconciliation to Net Cash Provided
by Operating Activities:
Net Unrealized Losses
on Investments 155,000 221,000
Depreciation and Amortization 355,000 495,000
Loss on Disposal of Property and
Equipment 2,000 40,000
Deferred Lease Costs 46,000 382,000
Accurred Pension Liability (330,000) 227,000
Changes in:
Trade and Other Receivables (38,000) (136,000)
Other Current Assets (256,000) 103,000
Accounts Payable 5,000 156,000
Accurred Expenses 86,000 (291,000)
Deferred Revenue 616,000 140,000
Net Cash Provided By
Operating Activities 1,135,000 2,584,000
INVESTING ACTIVITIES:
Purchase of Investments (859,000) (929,000)
Proceeds From Sale of Investments 760,000 841,000
Purchases of Property and Equipment (202,000) (839,000)
Acquisition of Intangible Assets
Net Cash Used By
Investing Activities (301,000) (927,000)
FINANCING ACTIVITIES:
Payments on Contract payable (60,000)
NET INCREASE (DECREASE) IN CASH
AND EQUIVALENTS 834,000 1,597,000
CASH AND EQUIVALENTS:
Beginning of Year 5,753,000 4,156,000
End of Year $ 6,587,000 $ 5,753,000
Foundation
2002 2001
OPERATING ACTIVITIES:
Increase (Decrease) in Net Assets $ (100,000) $ 771,000
Reconciliation to Net Cash Provided
by Operating Activities:
Net Unrealized Losses
on Investments 412,000 425,000
Depreciation and Amortization 243,000 161,000
Loss on Disposal of Property and
Equipment
Deferred Lease Costs 50,000 10,000
Accurred Pension Liability (178,000) 102,000
Changes in:
Trade and Other Receivables (151,000) 85,000
Other Current Assets (86,000) 40,000
Accounts Payable (130,000) (2,000)
Accurred Expenses 50,000 174,000
Deferred Revenue 4,000 31,000
Net Cash Provided By
Operating Activities 114,000 1,797,000
INVESTING ACTIVITIES:
Purchase of Investments (4,842,000) (1,255,000)
Proceeds From Sale of Investments 3,819,000 1,229,000
Purchases of Property and Equipment (139,000) (721,000)
Acquisition of Intangible Assets (106,000)
Net Cash Used By
Investing Activities (1,268,000) (747,000)
FINANCING ACTIVITIES:
Payments on Contract payable
NET INCREASE (DECREASE) IN CASH
AND EQUIVALENTS (1,154,000) 1,050,000
CASH AND EQUIVALENTS:
Beginning of Year 1,378,000 328,000
End of Year $ 224,000 $ 1,378,000
Consolidated
2002 2001
OPERATING ACTIVITIES:
Increase (Decrease) in Net Assets $ 397,000 $ 2,018,000
Reconciliation to Net Cash Provided
by Operating Activities:
Net Unrealized Losses
on Investments 567,000 646,000
Depreciation and Amortization 598,000 656,000
Loss on Disposal of Property and
Equipment 2,000 40,000
Deferred Lease Costs 96,000 392,000
Accurred Pension Liability (511,000) 329,000
Changes in:
Trade and Other Receivables (189,000) (51,000)
Other Current Assets (342,000) 143,000
Accounts Payable (125,000) 154,000
Accurred Expenses 136,000 (117,000)
Deferred Revenue 620,000 171,000
Net Cash Provided By
Operating Activities 1,249,000 4,381,000
INVESTING ACTIVITIES:
Purchase of Investments (5,701,000) (2,184,000)
Proceeds From Sale of Investments 4,579,000 2,070,000
Purchases of Property and Equipment (341,000) (1,560,000)
Acquisition of Intangible Assets (106,000)
Net Cash Used By
Investing Activities (1,569,000) (1,674,000)
FINANCING ACTIVITIES:
Payments on Contract payable (60,000)
NET INCREASE (DECREASE) IN CASH
AND EQUIVALENTS (320,000) 2,647,000
CASH AND EQUIVALENTS:
Beginning of Year 7,131,000 4,484,000
End of Year $ 6,811,000 $ 7,131,000
COPYRIGHT 2002 California Society of Certified Public Accountants
COPYRIGHT 2002 Gale Group