Consolidating statements of cash flows – 2002 Annual Report – Brief Article

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