Statements of functional expenses.

STATEMENTS OF FUNCTIONAL EXPENSES California Certified Public Accountants Education Foundation Years Ended April 30, 2007 and 2006 (dollars in thousands)

Professional Management

Education and 2007 Programs General Governance Total Course and Conference $6,614 $ $ $6,614

Expenses Personnel 1,814 1,671 96 3,581 Brochures 610 610 Supplies and Office 272 144 2 418

Expenses Occupancy 301 80 381 Depreciation and 74 19 93

Amortization Allocated Expenses 314 (86) 228 Other Expenses 168 279 2 449 Total $10,167 $2,107 $100 $12,374 2006 Course and Conference $5,977 $ $ $5,977

Expenses Personnel 1,577 702 28 2,307 Brochures 495 495 Supplies and Office 252 138 3 393

Expenses Occupancy 284 77 361 Depreciation and 129 34 163

Amortization Allocated Expenses 263 (84) 179 Other Expenses 111 252 6 369 Total $9,088 $1,119 $37 $10,244 The accompanying notes are an integral part of these financial statements.