Combined statements of cash flows.

• Position: Cash flow of California Society of Certified Public Accountants

California Society of Certified Public Accountants | California Certified Public Accountants Education Foundation

Years Ended April 30, 2014 and 2013

(Amounts Expressed In Thousands)

2014 2013 Operating Activities: Change in net assets $ 2.113 $ 2.807 Reconciliation of change in net assets to cash provided by operating; activities: Net realized and unrealized gain on (905) (1.681) investments Depreciation and amortization 667 719 Loss on disposal of fixed asset 11 1 Changes in operating assets and liabilities: Accounts receivable, net (111) 5 Other receivables 1 (105) Receivable - affiliates 47 (15) Prepaid expenses and other (99) 12 Other assets (8) (34) Accounts payable 99 (171) Accrued expenses 163 (277) Deferred revenues (4%) 375 Deferred lease costs (49) (75) Net cash provided by operating activities 1.433 1.561...