STATEMENT OF FUNCTIONAL EXPENSES.

STATEMENT OF FUNCTIONAL EXPENSES
California Certified Public Accountants Education Foundation
Years Ended April 30, 2001 and 2000
2001                            Professional Education
                                              Programs
Course and conference expenses             $ 4,591,000
Personnel                                    1,629,000
Brochures                                      627,000
Supplies and office expenses                   357,000
Occupancy                                      287,000
Depreciation and amortization                  128,000
Other expenses                                 164,000
Allocated expenses
Total                                      $ 7,783,000
2000
Course and conference expenses             $ 4,702,000
Personnel                                    1,591,000
Brochures                                      630,000
Supplies and office expenses                   250,000
Occupancy                                      281,000
Depreciation and amortization                  117,000
Abandoned software
Other expenses                                 318,000
Allocated expenses
Total                                      $ 7,889,000
2001                            Management and General  Governance
Course and conference expenses             $    19,000
Personnel                                      703,000   $  66,000
Brochures
Supplies and office expenses                    88,000
Occupancy                                       73,000
Depreciation and amortization                   33,000
Other expenses                                 144,000      40,000
Allocated expenses                             140,000
Total                                      $ 1,200,000   $ 106,000
2000
Course and conference expenses
Personnel                                  $   683,000   $  67,000
Brochures
Supplies and office expenses                   130,000
Occupancy                                      108,000
Depreciation and amortization                   44,000
Abandoned software                             531,000
Other expenses                                 299,000      53,000
Allocated expenses                             450,000
Total                                      $ 2,245,000   $ 120,000
2001                                  Total
Course and conference expenses  $ 4,610,000
Personnel                         2,398,000
Brochures                           627,000
Supplies and office expenses        445,000
Occupancy                           360,000
Depreciation and amortization       161,000
Other expenses                      348,000
Allocated expenses                  140,000
Total                           $ 9,089,000
2000
Course and conference expenses  $ 4,702,000
Personnel                         2,341,000
Brochures                           630,000
Supplies and office expenses        380,000
Occupancy                           389,000
Depreciation and amortization       161,000
Abandoned software                  531,000
Other expenses                      670,000
Allocated expenses                  450,000
Total                           $10,254,000