101-Staff Report.pdf
ADMINISTRATIVE SERVICESDEPARTMENT
CITY HALL
1010300 TORRE AVENUE • CUPERTINO, CA 95014-3255
TELEPHONE: (408) 777-3227www.cupertino.org
CITY COUNCIL STAFF REPORT
Meeting:December 7, 2010
SubjectCity year-end financial reports for 2009-10
Recommended ActionAccept the reports
Description
Staff is pleased to present to the City Council the following financial reports for the fiscal year
ended June 30, 2010:
Comprehensive Annual Financial Report
Redevelopment Agency Financial Statements
Pedestrian/Bicycle Facilities Grant Financial Statements
Auditor’s Report to the City Council
Independent Accountant’s Report on the City’s Investment Policy
Appropriations Limit Report
The Redevelopment Agency’s annual report to City Council
Development Impact Fee Report
Except for the last two items, the above were either audited or issued by the City’s certified
public accountants and all reports were discussed with the Audit Committee. The auditors have
given a clean opinion on the financial statements and the controls associated with producing the
information. The Comprehensive Annual Financial Report will be submitted for the Certificate
of Achievement Award.
Fiscal Impact
Acceptance of the reports has no fiscal impact. The reports themselves describe the City’s
financial status as of June 30, 2010.
_____________________________________
Prepared by: David Woo
Reviewed by: Kimberly Smith(acting for Director of Administrative Services)
Approved for Submission by:David W. Knapp, City Manager
Attachments:
A.Comprehensive Annual Financial Report
B.Redevelopment Agency Financial Statements
C.Pedestrian/Bicycle Facilities (TDA)Grant Financial Statements
D.Auditor’s Report to the City Council
E.Independent Accountant’s Report on the City’s Investment Policy
F.Appropriations Limit Report(GANN)
G.The Redevelopment Agency’s annual report to City Council
H.Development Impact Fee Report