Combining statements of activities.
COMBINING STATEMENTS OF ACTIVITIES
California Society of Certified Public Accountants
California Certified Public Accountants Education Foundation
Years Ended April 30, 2007 and 2006
(dollars in thousands)
Society Foundation
2007 2006 2007
OPERATING REVENUES:
Dues $8,242 $7,597
Registration Fees $11,526
Peer Review Fees 942 869
Member Meetings and Events 1,072 965
Financial Literacy and Scholarships 494 588
Advertising 1,277 1,219
Services To (From) Related Entities 643 639 (158)
Royalties and Affinity Programs 96 107 75
Investment Income, Net 1,407 1,855 957
Other Income 229 204
TOTAL REVENUES 14,402 14,043 12,400
OPERATING EXPENSES:
Program Services:
Member Events:
Chapters 2,379 1,880
Committees 518 370
Other Activities 1,714 1,522
Other Member Services:
Communications 2,206 1,901
Government Relations 947 804
Professional Education Programs 406 401 10,167
Total Program Services 8,170 6,878 10,167
Supporting Services:
Management and General 3,664 4,118 2,107
Governance 434 360 100
TOTAL EXPENSES 12,268 11,356 12,374
CHANGE IN NET ASSETS 2,134 2,687 26
NET ASSETS:
Beginning of Year 11,356 8,669 6,301
End of Year $13,490 $11,356 $6,327
Foundation Combined
2006 2007 2006
OPERATING REVENUES:
Dues $8,242 $7,597
Registration Fees $10,625 11,526 10,625
Peer Review Fees 942 869
Member Meetings and Events 1,072 965
Financial Literacy and Scholarships 494 588
Advertising 1,277 1,219
Services To (From) Related Entities (153) 485 486
Royalties and Affinity Programs 76 171 183
Investment Income, Net 1,269 2,364 3,124
Other Income 229 204
TOTAL REVENUES 11,817 26,802 25,860
OPERATING EXPENSES:
Program Services:
Member Events:
Chapters 2,379 1,880
Committees 518 370
Other Activities 1,714 1,522
Other Member Services:
Communications 2,206 1,901
Government Relations 947 804
Professional Education Programs 9,088 10,573 9,489
Total Program Services 9,088 18,337 15,966
Supporting Services:
Management and General 1,119 5,771 5,237
Governance 37 534 397
TOTAL EXPENSES 10,244 24,642 21,600
CHANGE IN NET ASSETS 1,573 2,160 4,260
NET ASSETS:
Beginning of Year 4,728 17,657 13,397
End of Year $6,301 $19,817 $17,657
The accompanying notes are an integral part of these financial
statements.
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