Combining statements of cash flows.

• Position: California Certified Public Accountants Education Foundation - Table

California Society of Certified Public Accountants

California Certified Public Accountants Education Foundation

April 30, 2012 and 2011

(Amounts Expressed In Thousands)

2012 Society Foundation Eliminations OPERATING ACTIVITIES: Change in Net Assets $ 995 $ 507 $ -- Reconciliation of Change in Net Assets to Cash Provided by Operating Activities: Met Realized and Unrealized Loss (Gain) on 653 392 -- Investments Depreciation and 436 153 -- Amortization Loss on Disposal of -- -- -- Fixes Assets Changes in Operating Assets and Liabilities: Accounts Receivable, 6 (26) -- Net Other Receivables 5 (31) -- Receivables-Affiliates 3 -- -- Due From Foundation 121 -- (121) Prepaid Expenses and 60 96 -- Other Accounts Payable 90 (33) -- Accrued Expenses 306 50 -- Due to Society -- (121) 121 Deferred Revenues (321) (753) -- Deferred Lease Costs (78) 91 -- Net Cash Provided by 2,276 325 -- Operating Activities INVESTING ACTIVITIES Purchases of (6,430) (6,522) -- Investments Proceeds from Sales of 4,552 4,207 -- Investments Purchases of Fixed (399) (604) -- Assets Net Cash Used in (2,277) (2,919) -- Investing Activities NET INCREASE (DECREASE) (1) (2,594) IN CASH AND EQUIVALENTS CASH AND EQUIVALENTS Beginning of Year 6,244 5,155 -- END OF YEAR $ 6,243 $ 2,561 $ -- SUPPLEMENTAL DISCLOSURE Non Cash Investing and Financing Activities Leasehold Improvements Paid for by Lessor Fixed Assets $ -- $ -- $ -- Deferred Lease Costs $ -- $ -- $ -- 2011 Combined Society Foundation Total OPERATING ACTIVITIES: Change in Net Assets $ 1,502 $ 3,338 $ 2,312 Reconciliation of Change in Net Assets to Cash Provided by Operating Activities: Met Realized and Unrealized Loss (Gain) on 1,045 (1,562) (914) Investments Depreciation and 589 324 132 Amortization Loss on Disposal of -- 2 4 Fixes Assets Changes in Operating Assets and Liabilities: Accounts Receivable, (20) 22 5 Net Other Receivables (26) (119) 8 Receivables-Affiliates 3 (17) -- Due From Foundation -- (222) -- Prepaid Expenses and 156 (12) 1 Other Accounts Payable 57 274 (25) Accrued Expenses 356 66 (112) Due to Society -- -- 222 Deferred Revenues...