CONSOLIDATING STATEMENT OF ACTIVITIES.

CONSOLIDATING STATEMENT OF ACTIVITIES
The California Soceity of Certified Public Accountants
California Certified Public Accountants Education Foundation
Years Ended April 30, 2001 and 2000
                                            CalCPA
                                              2001         2000
REVENUES
  Dues                                 $ 7,313,000  $ 6,988,000
  Registration fees
  Peer review fees                         962,000      987,000
  Member meetings and events               620,000      679,000
  Advertising                              939,000      967,000
  Services to (from) related entities      507,000      509,000
  Royalties and affinity programs          242,000      137,000
  Investment income, net                   121,000      250,000
  Other income                              87,000      238,000
TOTAL REVENUES                          10,791,000   10,755,000
EXPENSES:
  Program services:
    Member events:
     Chapters                            1,602,000    1,562,000
     Committees                            391,000      434,000
     Other activities                    1,726,000    1,734,000
  Other member services:
     Communications                                   1,833,000
     Government relations                1,648,000      756,000
  Professional education programs          780,000
    Total program services               6,147,000    6,319,000
Supporting services:
  Management and general                 2,825,000    2,740,000
  Governance                               572,000      449,000
TOTAL EXPENSES                           9,544,000    9,508,000
INCREASE (DECREASE) IN
  NET ASSETS                             1,247,000    1,247,000
NET ASSETS:
  Beginning of year                      2,507,000    1,260,000
  End of Year                          $ 3,754,000  $ 2,507,000
                                        Foundation
                                              2001         2000
REVENUES
  Dues
  Registration fees                    $ 9,454,000  $ 9,251,000
  Peer review fees
  Member meetings and events
  Advertising
  Services to (from) related entities    (140,000)    (140,000)
  Royalties and affinity programs          423,000      363,000
  Investment income, net                  (16,000)      316,000
  Other income                             139,000      107,000
TOTAL REVENUES                           9,860,000    9,893,000
EXPENSES:
  Program services:
    Member events:
     Chapters
     Committees
     Other activities
  Other member services:
     Communications
     Government relations
  Professional education programs        7,783,000    7,889,000
    Total program services               7,783,000    7,889,000
Supporting services:
  Management and general                 1,200,000    2,245,000
  Governance                               106,000      120,000
TOTAL EXPENSES                           9,089,000   10,254,000
INCREASE (DECREASE) IN
  NET ASSETS                               771,000    (361,000)
NET ASSETS:
  Beginning of year                      4,008,000    4,369,000
  End of Year                          $ 4,779,000  $ 4,008,000
                                       Consolidated
                                               2001         2000
REVENUES
  Dues                                  $ 7,313,000  $ 6,988,000
  Registration fees                       9,454,000    9,251,000
  Peer review fees                          962,000      987,000
  Member meetings and events                620,000      679,000
  Advertising                               939,000      967,000
  Services to (from) related entities       367,000      365,000
  Royalties and affinity programs           665,000      500,000
  Investment income, net                    105,000      566,000
  Other income                              226,000      345,000
TOTAL REVENUES                           20,651,000   20,648,000
EXPENSES:
  Program services:
    Member events:
     Chapters                             1,602,000    1,562,000
     Committees                             391,000      434,000
     Other activities                     1,726,000    1,734,000
  Other member services:
     Communications                       1,648,000    1,833,000
     Government relations                   780,000      756,000
  Professional education programs         7,783,000    7,889,000
    Total program services               13,930,000   14,208,000
Supporting services:
  Management and general                  4,025,000    4,985,000
  Governance                                678,000      569,000
TOTAL EXPENSES                           18,633,000   19,762,000
INCREASE (DECREASE) IN
  NET ASSETS                              2,018,000      886,000
NET ASSETS:
  Beginning of year                       6,515,000    5,629,000
  End of Year                           $ 8,533,000  $ 6,515,000