Financial Report 06-30-2000
CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
FOR FISCAL YEAR ENDED
JUNE 30, 2000
PREPARED BY:
CITY OF CUPERTINO
FINANCE DEPARTMENT
CAROL A. ATWOOD
DIRECTOR OF ADMINISTRATIVE SERVICES
NOTES
INTR OD UCTOR Y SECTION
CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2000
Table of Contents
Page
INTRODUCTORY SECTION
Table of Contents
Letter of Transmittal
Organization Chart
Commissions and Committees
City Council and Directory of City Officials
Certificate of Award for Excellence in Financial Reporting
FINANCIAL SECTION
Report of Independent Certified Public Accountants
General Purpose Financial Statements:
Combined Balance Sheet - All Fund Types and Account Groups
Combined Statement of Revenues,
Expenditures and Changes in Fund
Balances - All Governmental Fund Types
Combined Statement of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual -
General, Special Revenue and Debt Service Funds
Combined Statement of Revenues,
Expenses and Changes in Retained Earnings -
All Proprietary Fund Types
Combined Statement of Cash Flows -
All Proprietary Fund Types
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CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2000
Table of Contents
FINANCIAL SECTION (Continued)
Notes to General Purpose Financial Statements
(1) Summary of Significant Accounting Policies
(2) Cash and Investments
(3) Related Party Loan
(4) Fixed Assets
(5) Long-Term Debt
(6) Unreserved, Designated Fund Balances
(7) Segment Information for Enterprise Funds
(8) Commitments and Contingencies
(9) Liabilities Under Self-Insurance and Risk Management
(10) Other Post Retirement Benefits
(11) Deferred Compensation Plan
(12) Defined Benefit Pension Plan
(13) Subsequent Event
(14) Beginning Retained Earnings
(15) Deficit Fund Balance
(16) Special Assessment Classification
COMBINING, INDIVIDUAL AND COMPARATIVE FUND AND ACCOUNT
GROUP STATEMENTS AND SCHEDULES
General Fund:
Description of Fund
Comparative Balance Sheets
Comparative Statements of Revenues, Expenditures and Changes in
Fund Balances
Special Revenue Funds:
Description of Funds
Combining Balance Sheet
Combining Statement of Revenues, Expenditures, and Changes in
Fund Balances
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CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2000
Table of Contents
COMBINING, INDWIDUAL AND COMPARATIVE FUND AND ACCOUNT
GROUP STATEMENTS AND SCHEDULES (Continued)
Comparative Balance Sheets and Statements of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual:
· Storm Drain Fund
· Park Dedication Fund
· Environmental Management Fund
· Gas Tax Fund
· Housing Development Fund
· Leadership Cupertino Fund
· Redevelopment Vallco Fund
Debt Service Funds:
Description of Funds
Combining Balance Sheet
Statement of Revenues, Expenditures
and Changes in Fund Balances - Budget and Actual
Capital Project Funds:
Description of Funds
Combining Balance Sheet
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
Comparative Balance Sheets and Statement of Revenues, Expenditures,
and Changes in Fund Balances:
· CaPital Improvement Projects Fund
· Stevens Creek Boulevard Fund
· Creekside Park Fund
· Library Remodel Fund
· Senior Center Expansion Fund
· Four Seasons Park Fund
· Sports Center Building Fund
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CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2000
Table of Contents
COMBINING, INDIVIDUAL AND COMPARATIVE FUND AND ACCOUNT
GROUP STATEMENTS AND SCHEDULES (Continued)
Page
Enterprise Funds:
Description of Funds
Combining Balance Sheet
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
Combining Statement of Cash Flows
Comparative Balance Sheets, Statements of Revenue, Expenses and
Changes in Retained Earnings and Statements of Cash Flows:
* Resource Recovery Fund
· Blackberry Farm Fund
· Cupertino Sports Center Fund
· Recreation Programs Fund
· Senior Center Fund
Internal Service Funds:
Description of Funds
Combining Balance Sheet
Combining Statement of Revenues, Expenses and Changes in Retained Earnings
Combining Statement of Cash Flows
Comparative Balance Sheets, Statements of Revenue, Expenses and Changes
in Retained Earnings and Statements of Cash Flows:
· Management Information Systems Fund
· Workers' Compensation Fund
· Equipment Revolving Fund
· Long-Term Disability Fund
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CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2000
Table of Contents
COMBINING, INDIVIDUAL AND COMPARATIVE FUND AND ACCOUNT
GROUP STATEMENTS AND SCHEDULES (Cominued)
Page
Fiduciary Fund~:
Description of Funds
Combining Balance Sheet
Combining Statement of Changes in Assets and Liabilities
General Fixed Assets Account Group.:
Description of Account Group
Comparative Schedules of General Fixed Assets - by Source
Schedule of General Fixed Assets - by Function and Activity
Schedule of Changes in General Fixed Assets - by Function and Activity
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CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended Juue 30, 2000
Table of Contents
STATISTICAL SECTION
General Governmental Expenditures by
Function - Last Ten Fiscal Years
General Governmental Revenues by Source -
Last Ten Fiscal Years
Property Tax Levies and Collections -
Last Ten Fiscal Years
Assessed and Estimated Actual Values
of Taxable Property - Last Ten Fiscal Years
Property Tax Rates - Direct and Overlapping
Governments - Last Ten Fiscal Years
Principal Taxpayers
Special Assessment Billihgs and Collections -
Last Ten Fiscal Years
Computation of Legal Debt Margin
Ratio of General Bonded Debt to Assessed
Value and Bonded Debt Per Capita - Last Ten Fiscal Years
Ratio of Annual Debt Service Expenditures
for General Bonded Debt to Total General
Governmental Expenditures - Last Ten Fiscal Years
Computation of Direct and Overlapping Bonded Debt
Demographic Statistics - Last Ten Fiscal Years
Property Value, Conslruction and Bank Deposits -
Last Ten Fiscal Years
City Profile
Table
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NOTES
CITY OF
CU?ERJ O
November l, 2000
To the Citizens of Cupertino, Honorable Mayor,
Members of the City Council and City Manager
The Comprehensive Annual Financial Report (CAFR) for the City of Cupertino (the City) for the
fiscal year ended June 30, 2000, is submitted herewith. This annual report consists of three
sections. The Introductory Section includes 1) the transmittal letter which highlights
significant aspects of financial operations during the year and the particular financial issues faced
by the City, 2) an organizational chart, and 3) a list of principal officials. The Financial Section
includes l) the independent auditors' report, 2) general purpose financial statements and related
notes, 3) combining and individual fund statements and schedules, and 4) supplementary
information. The Statistical Section includes several tables of unaudited data depicting the
financial history of the City as well as miscellaneous statistics.
These financial statements have been prepared by the City's Finance Department in accordance
with generally accepted accounting principles for local governments as prescribed by the
Government Accounting Standards Board (GASB). The accuracy of the data presented and the
completeness and fairness of the presentations, including all disclosures, are the responsibility of
the management of the City. We believe the data is accurate in all material reepeets and is
presented in a manner which fairly sets forth the City's financial position, results of operations,
and cash flows of its proprietary funds. Furthermore, we believe that all disclosures necessary to
enable the reader to gain an understanding of the City's financial activity have been included.
REPORTING ENTITY
This Comprehensive Annual Financial Report includes all component units, funds and account
groups of the City. It reports all activities for which the City is considered to be financially
accountable. The general governmental funds provide a full range of services, including all
functions set forth in the organization chart on page 13. This financial report incorporates data
for the City of Cupertino and the Cupertino Public Facilities Corporation.
The City operates under a Council-City Manager form of government. There are five council
members, including the Mayor, who serve four-year t=xms. The City Council appoints the City
Manager who is responsible for the daily adminisWafion of the City affairs. The City Council
also appoints the City Attorney and the City Treasurer. All other employees are appointed by the
City Manager.
ECONOMIC CONDITIONS AND OUTLOOK
The City of Cupertino is located in Santa Clara County at the southern end of the San Francisco
Bay Peninsula. The City is comprised of 10 square miles and is bordered by the cities of San
Jose, Saratoga, Sunnyvale, Santa Clara and Los Altos.
Cupertino's unique location at the west end of Silicon
Valley has earned the reputation of a balanced
community with a healthy climate for business and
well maintained residential neighborhoods,
community parks and public facilities. The excellent
reputation of Cupertino's schools has also been an
attraction for families wishing to settle in close
proximity to jobs in the Santa Clara Valley.
Cupertino is the world headquarters for major
corporations such as Apple Computer, Compaq
Computers, Measurex Corporation and Symantec.
Several key divisions of Hewlett-Packard, and
Microsoft are located in Cupertino. The City has eight
large shopping centers including its own regional mall,
Vallco Fashion Park.
Sales tax represents the major source of general fund revenue, comprising over 35%. This
revenue source has changed dramatically in the last five years. In 1994, retail sales comprised
50% of our sales tax revenue. Limited availability for land development and the loss of sales to
other regional malls have contributed to a flattening of sales tax fi.om this sector. Today, retail
sales represent 37% of this base with the business to business sector at 38%. This year the City
worked towards the adoption of the Vallco project area as part of its Redevelopment Agency to
enhance retail within the City and especially at its regional mall.
2
Sales Tax Trend
1992 1993 1994 1995 ~ 996 1997 1 g98 1999 2000
(In thousands)
Economic development has become a focal point for Cupertino. Two years ago the City
approved over one million square feet of new housing, expansion of the Symantec and Hewlett-
Packard facilities, and a new hotel. Our regional mall, recently purchased by the Jacobs Group,
opened a new Macy's and Sears Homelife last year and additional entertainment, retail and
office components are being proposed. In addition, several new hotels are being considered at
the mall.
MAJOR INITIATIVES
Current Year Projects
1. Foster a Sense of Community
· Develop a work plan for the Teen Task Force with objectives to positively impact the
youth of our community.
· Expand community outreach through the use of focus groups. Community forums and
the Citizens of Cupertino Cross Cultural Consortium.
· Increase diversity awareness and programs via the Senior Center.
· Foster a better understanding of cultures within the community through recreational
activities, neighborhood programs and expansion of community events.
2. Ensure Land Use is Compatible with Community Character
· Develop a master plan for the City Center comer including a full service hotel and park.
· Encourage opportunities for private development along Stevens Creek Boulevard.
· Continue with the implementation of the Stevens Creek Boulevard Master Plan.
· Optimize community benefit with the remaining office, industrial and commercial
development approvals.
· Continue to pursue annexation of county pockets as available.
3. Protect and Promote our Public Safety
· Develop criteria for traffic calming techniques/barrier retention.
· Explore the feasibility of bike route destination signage. Update activity/goals semi-
armually with sheriff and Westside commander.
· Approve a pedestrian street safety plan.
· Explore opportunities support and enhance affordable housing.
· Expand our neighborhood safety/crime prevention programs.
4. Enhance Services
· Develop new residential streetscape criteria.
· Ensure all residential street trees are planted/maintained.
· Expand graffiti removal program.
· Develop a master plan for the Civic Center including a new library and use of the old
library building.
· Continue with the implementation of regional trails throughout the City.
· Update a traffic master plan and parks plan in conjunction with revisions to the General
Plan.
· Solve the animal control/shelter issue.
4
5. Ensure the Financial Health of the Community
· Develop criteria for capital project approvals and funding options.
· Pursue revitalization efforts for small community shopping centers.
· Promote an intemet incentive policy with high-tech corporations.
· Work with the owners of Vallco Mall to revitalize the regional center.
6. Efficiently Utilize Technology
· Evaluate/implement procedures to ensure the City is Y2K ready.
· Work with the Leage and other cities to enhance strategies for telecommunications.
· Evaluate internet security requirements to implement e-commerce activities.
Future Projects
The City will continue to focus on a number of important long-term issues. These issues include
holding the line on City expenditures, partnership opportunities with our schools, county library
and other agencies, continued automation, funding of the capital improvement program and
meeting economic development needs.
Automation will continue to be a high priority in the years to come. Installations currently in
process include a new wide area network configuration and Senior Center. Projects in 2000/01
will include an automated records management system, upgrade of our GIS system and
implementation of the Tech 2005 plan.
The City is pursuing a Redevelopment Area in conjunction with expansion and renovation at our
regional mall. Such growth will directly impact our revenues, service efforts and traffic
configurations. In addition, major capital projects include a new Senior Center, skateboard park,
regional trail system and a new library.
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Department Focus - Efforts and Accomplishments
Each year we feature a department in the City that has made notable contributions to the
organization. This year, the spotlight falls on the Senior Center.
Highlights for 1999-00 included:
Broke ground for the new Senior Center at the current site; more than twice the size of the
former building.
· Moved into shared quarters at the Quinlan Community Center and maintained many existing
programs and classes which attracted new seniors.
Supported the Changing Demographics Committee that designed bi-monthly programs to
attract new immigrants and others in our community who are unfamiliar with the
opportunities available to seniors in Cupertino.
· Presented a senior rental housing form, using simultaneous translation into Mandarin.
· Recorded and rewarded 16,000 volunteer hours contributed at the Senior Center over the last
12 months.
· Provided special services including blood pressure checks, caregiver support, bereavement
workshops, living with medical trauma, legal and health insurance counseling.
We congratulate the Cupertino Senior Center for their achievements in all their projects and
wish them continued success in the growth of their programs.
FINANCIAL INFORMATION
Accounting System and Budgetary Control
The City's accounting records are maintained on a modified accrual basis of accounting for all
governmental fund types and agency funds. Under this basis, revenues are recognized when
susceptible to accrual, i.e., both measurable and available, and expenditures, other than interest
on long-term obligations which is recorded when paid, are recognized when the liability is
incurred. The accrual basis of accounting is used by the proprietary fund types where revenues
are recognized when earned and expenses are recorded when incurred.
In developing and evaluating the City's accounting system, consideration is given to the
adequacy of internal accounting controls. Such controls are designed to provide reasonable, but
not absolute, assurance regarding the safeguarding of assets against losses from unauthorized use
or disposition and the reliability of financial records for preparing financial statements and
maintaining accountability of assets. The concept of reasonable assurance recognizes that the
costs of a control should not exceed the benefits likely to be derived and that the evaluation of
costs and benefits requires estimates and judgments by management. The City's internal
accounting controls adequately safeguard assets and provide reasonable assurance of the proper
recording of financial transactions.
The City's budget is a detailed operating plan which identifies estimated costs and results in
relation to estimated revenues. The budget includes 1) the programs, projects, services and
activities to be provided during the fiscal year; 2) estimated revenue available to finance the
operating plan; and 3) the estimated spending requirements of the operating plan. The budget
represents a process through which policy decisions are made, implemented and controlled. The
level of budgetary control (i.e., the level at which expenditures cannot legally exceed the
appropriated amount) is the functional level. Note l(c) of the general purpose financial
statements summarizes the budgetary roles of various City officials and the timetable for their
various budgetary actions according to the City Charter.
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General Government Functions
The general government functions are accounted for in the general, special revenue, debt service
and capital project funds. These funds account for the majority of the City's operating revenues
and expenditures. Revenues for general government functions totaled approximately $34.8
million in fiscal year 1999/00, an increase of 11.59% over the preceding fiscal year. The
following table presents revenue by source and the related changes fi.om the prior year.
Revenues by Source
Taxes
Use of Money & Property
Intergovernmental
Charges for Services
Fines and Forfeitures
Other Revenue
Revenues Classified by Source
Governmental Fund Types
Amount
Percent of Total
Increase/(Deerease)
over previous year
Amount Percent
$23,587,459 67.84% $4,750,368 25.22%
2,866,888 8.24 (248,583) (7.98)
4,807,077 13.83 (843,877) (14.93)
2,247,856 6.47 (330,159) (12.81)
524,057 1.51 20,834 4.14
737,066 2.12 261,800 55.08
Total $34,769,527 100.00% $3,610,383 11.59%
Taxes increased primarily due to a $3 million increase in sales tax associated with our interact
incentive policy.
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Expenditures Classified by Major Service Area
Governmental Fund Types
Expenditures for general governmental functions for fiscal year 1999/00 totaled approximately
$33.9 million, a decrease fi.om the preceding fiscal year of 1.94%. Expenditures by major
service area and the related changes from the prior fiscal year are shown in the following table:
Expenditures by Service Area Amount
Percent of Total
Increase/(Decrease)
over previous year
Amount Percent
Admimstration $1,242,310 3.64% $ 108,902 9.61%
Law Enforcement 4,693,565 13.77 (199,139) (4.07)
Public Information 796,458 2.34 165,423 26.21
Administrative Services 2,410,754 7.07 401,778 20.00
Recreation Services 1,536,152 4.51 172,742 12.67
Community Development 2,349,874 6.89 247,932 11.80
Public Works 12,480,766 36.61 3,313,380 36.14
Capital Outlay 3,404,088 9.98 (4,655,036) (57.76)
Principal 2,155,000 6.36 (60,000) (2.71)
Interest 2,798,360 8.26 (165,537) (5.59)
Total $33,867,327 100.00% $(669,555) (1.94)%
Law Enforcement decreased this year as a result of increased community policing and reduced
crime.
Capital Project expenditures decreased due to a one-time expanded street program from Measure
A gas tax funds in the prior fiscal year.
Proprietary Operations
Enterprise Funds are used to account for operations that are financed and operated in a manner
similar to private business enterprise where the intent is that the easts of providing goods or
services to the general public on a continuing basis be financed or recovered primarily through
user charges. The following table shows actual revenues, expenses (including depreciation) and
results of operations for the fiscal year ended June 30, 2000.
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Revenues, Expenses, and Results of Operations
Enterprise Funds
Operating Operating Operating Net
Revenues Expenses Income Income/(loss)
Resource Recovery
Blackberry Farm
Cupertino Sports Center
Recreation Programs
Senior Center
$2,425,122 $1,660,258 $ 764,864 $923,088
1,577,055 1,363,327 213,728 57,968
1,024,289 955,290 68,999 (329,212)
1,591,053 1,310,887 280,166 223,277
481,877 438,201 43,676 (16,801)
Totals $7,099,396 $5,727,963 $1,371,433 $858,320
All enterprise activity performed as expected. The net loss shown in the Sports Center fund
resulted from the transfer of funds for capital improvements to a new building fund.
Internal Service Funds are used to account for the financing of services provided by one
deparhnent or agency to other departments or agencies of the City on a cost-reimbursement
basis. The following table shows actual revenues, expenses (including depreciation) and results
of operations for the fiscal year ended June 30, 2000.
Revenues, Expenses, and Results of Operations
Internal Service Funds
Operating Operating Operating Net
Revenues Expenses Income/(loss) Income
Management Information
Systems $ 609,580 $ 697,946 $ (88,366) $145,995
Workers' Compensation 131,551 117,595 13,956 64,000
Equipment Revolving 710,900 720,640 (9,740) 250,471
Long-Term Disability 58,940 57,520 1,420 3,482
Totals $1,510,971 $1,593,701 $(82,730) $463,948
Resources are being accumulated in the Equipment Revolving Fund and Management
Information Systems fund to provide for future replacement of existing equipment.
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Fiduciary Operations
The City maintains one agency fund. This agency fund accounts for all deposits from third
parties under the control of City departments.
Debt Administration
As of June 30, 2000, the City had no outstanding tax-supported general obligation bonds. The
City did however have $47.0 million in ceff~ficates of participation of debt issues outstanding in
the General Long Term Debt Account Group.
Cash Management
The City maintains a cash and investment pool for all City funds. The City's funds are invested
by the City Treasurer according to the investment policy adopted by the City Council. The
objectives of the policy are legality, safety, liquidity, diversity and yield. The policy addresses
soundness of financial institutions and the types of investments permitted by the California
govemment code.
The City investments include obligations of the U.S. Treasury, agencies and instrumentalities,
commercial paper, banker's acceptances, corporate bonds, repurchase agreements, certificates of
deposit and the State Treasurer's Local Agency Investment Fund. Total investment earnings for
all funds was approximately $2.7 million.
Risk Management
The City maintains a program of commercial insurance combined with self insurance for
substantially all of its governmental operations except for major construction projects and
contractor-supplied services. In such circumstances, insurance to protect the City is provided by
each contractor.
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INDEPENDENT AUDIT
The City's Charter requires an annual audit of the financial records by an independent certified
public accounting firm selected by the City Council. The City's general purpose financial
statements were audited by Maze and Associates, and their opinion thereon is included in the
Financial Section of this report.
CERTIFICATE OF ACHIEVEMENT
The Government Finance Officers Association of the United States and Canada (GFOA)
awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of
Cupertino for its Comprehensive Annual Financial Report for the year ended June 30, 1999.
In order to be awarded a Certificate of Achievement, a governmental unit must publish an easily
readable and efficiently organized Comprehensive Annual Financial Report, whose contents
conform to program standards. Such reports must satisfy both generally accepted accounting
principles and applicable legal requirements. A Certificate of Achievement is valid for a period
of one year only. We believe our current report continues to meet the program's requirements
and we are submitting it to the GFOA to determine its eligibility for another certificate.
ACKNOWLEDGMENTS
I would like to express my appreciation to the City employees, City Manager, and the members
of the City Council for their interest in conducting the financial operations of the City in a
responsible manner. Special thanks to the Finance staff, Sue MacGowan, Sophy Cheng, and
Lois Eagle, and for their continued support and dedication. Special recognition goes to Jennifer
Chang, Pat Samsell, and Dorothy Steenfott for their efforts in the preparation and production of
this report.
Respectfully submitted,
Carol A. Atwood
Director of Administrative Services
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CITY OF CUPERTINO, CLIFORNIA
Fiscal Year 1999/00
COMMISSIONS AND COMMITTEES
CUPERTINO HOUSING COMMITTEE
Cecilia K. Fu, Chairperson
Linda Asbury, Vice Chairperson
Julia Abdala
Kathy Robinson
Richard Schuster
FINE ARTS COMMISSION
Charlene Pai, Chairperson
Carol Orr, Vice Chairperson
Stephen Beard
Hema Kundargi
Janet Mohr
Mary Sievert
Rita Young
PUBLIC SAFETY COMMISSION
Emma Darknell
Andrew Zander, Vice Chairperson
Philippe Dor
Marc Maj ewski
Bradley Tice
RECREATION COMMISSION
Kris Wang, Chairperson
Edye Stein, Vice Chairperson
Terri Cook
Frank Jelinch
Roger Peng
BIKE & PEDESTRIAN COMMITTEE
David Greenstein
Doug Herrick
Chris Klein
Phil Underwood
Joe Walton
TELECOMMUNICATIONS COMMISSION
Salvatore Algeri, Chairperson
L.T. Guttadauro, Vice Chairperson
Reginald Duhe'
David Eggleston
Ernest Tsui
LIBRARY COMMISSION
Sheila Mohan, Chairperson
Mary Minow
Charles Pow
Mary Minow
Yuhfen Diana Wu
PLANNING COMMISSION
Andrea Harris, Chairperson
Jerry Stevens, Vice Chairperson
Charles Corr
David Doyle
Patrick Kwok
ECONOMIC DEVELOPMENT
Carol Atwood
Linda Asbury
Paula Davis
Sandra James
Dave Knapp
Bill Jones
Richard Lowenthal
Steve Piasecki
Bill Sullivan
Bert Viskovich
AUDIT COMMITTEE
Carol Atwood
Tom Hall
Dave Knapp
Sandra James
Richard Lowenthal
Emily Wagner
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CITY OF CUPERTINO, CALIFORNIA
Fiscal Year 1999/00
CITY COUNCIL
Councilmember - Richard Lowenthal
Councilmember - Michael Chang
Mayor- John Statton
Councilmember - Don Burnett
Vice Mayor - Sandra James
DIRECTORY OF CITY OFFICIALS
Dave Knapp - City Manager
Charles Y. Kilian - City Attorney
Carol Atwood - Director of Administrative Services
Donna Krey - Public Information Officer
Steve Piasecki - Director of Community Development
Kimberly Smith - City Clerk
Bert Viskovich - Director o£Public Works
Bill Woska - Human Resources Manager
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Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Cupertino,
California
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 1999
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
President
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FIN,4NCI/IL SECTION
17
NOTES
18
SSOCIA TES
A CCOUNTA NC Y CORPORA TION
1670 Riviera Avenue - Suite 100
Walnut Creek, California 94596
(925) 930-0902 · FAX (925) 930-0135
E-Maih maze@mazeassociates, com
Website: www. mazeassociates, com
INDEPENDENT AUDITOR'S REPORT ON
GENERAL PURPOSE FINANCIAL STATEMENTS
To the City Council
City of Cupertino, Califomia
We have audited the general purpose financial statements of the City of Cupertino as of and for the
years ended June 30, 2000 and 1999, as listed in the Table of Contents. These financial statements
are the responsibility of the City's management. Our responsibility is to express an opinion on
these financial statements based on our audits.
We conducted our audits m accordance with generally accepted auditing standards. Those
standards require that we plan and perform the audits to obtain reasonable assurance as to whether
the financial statements are flee of material misstatement. An audit includes examining on a test
basis evidence supporting the mounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management,
as well as evaluating the overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to above present fairly m all
material respects the financial position of the City of Cupertino at June 30, 2000 and 1999 and the
results of its operations and the cash flows of its proprietary fund types for the years then ended, in
conformity with generally accepted accounting principles.
Our audits were made for the purpose of forming an opinion on the general purpose financial
statements taken as a whole. The supplemental section listed in the Table &Contents are presented
for purposes of additional analysis and are not a required part of the general purpose financial
statements of the City of Cupertino. Such information has been subjected to the auditing
procedures applied in our audit of the general purpose financial statements, and in our opinion are
fairly stated in all material respects in relation to the general purpose financial statements taken as a
whole.
The statistical section listed in the Table of Contents was not audited by us, and we do not express
an opinion on this information.
December 7, 2000
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A Professional Corporation
CITY OF CUPERTINO, CALIFORNIA
Combined Balance Sheet
All Food Types and Account Groups
June 30, 2000
Assets and other debits
Assets:
Cash and investments (Note 2)
Receivables:
Accounts
Loans (Note 3)
Other assets
Fixed assets (net, where applicable,
of accumulated depreciation) (Note 4)
Advance to other funds
Other debits:
Amount available in debt service fund
Amount to be provided for retirement
of general long-term debt
Total assets and other debits
See accompanying notes to general purpose financial statements.
Governmental Fund Types
General
$ 27,080,562 $
1,605,709
2,366,357
74,844
68,260
Special Debt Capital
Revenue Service Projects
3,682,513 $ 5,133,772 $ 6,133,590
634,638
1,582,176
$ 31,195,732 $ 5,899,327 $ 5,133,772 $ 6,133,590
2O
Fiduciary
Proprietary Fund Types Fund Types
Internal
Enterprise Service Agency
Account Groups
General General Totals
Fixed Long-Term (M~morandum
Assets Debt only)
5,495,121 $ 1,480,413 $
704,742 1,487
871,210
38,283
1,855,010
376,692 $
94,181,148
5,133,772
41,871228
$ 7,071,073 $ 3,375,193 $
376,692 $ 94,181,148 $ 47,005,000 $
$ 49,382,663
2,946,576
3,948,533
113,127
96,907,368
68,260
5,133,772
41,871,228
200,371,527
(continued)
21
CITY OF CUPERTINO, CALIFORNIA
Combined Balance Sheet
All Fund Types and Account Groups - Continued
June 30, 2000
Liabilities, equity and other credits
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deposits
Deferred revenue
Advance from other funds
Certificates of Participation (Note 5)
Total liabilities
Equity and other credits:
Investment in general fixed a~sets
Contributed capital
Retained earnings
Fund balances:
Reserved for encumbrances
Reserved for debt service
Reserved for loans receivable
Reserved for affordable housing
Reserved for public access television
Reserved for advances
Unreserved:
Designated (Note 6)
Undesignated
Total equity and other credits
Total liabilities, equity and other credits
See accompanying notes to general purpose financial statements.
Governmental Fund Types
Special Debt Capital
General Revenue Service Projects
585,752 $ 179,684 $
1,574,659 51,034
1,223,673
112,328 ~61,964
68,260
445,513
3,496,412 760,942_
445,513
~43,204 317,318
2,366,357 1,120,212
2,045,642
1,212,549
68,260
21,563,308
3,700,855.
5,133,772
27,699,320.. 5,138,385 5,133,772 ...
31,195,732.$ 5,899,327 $ 5,133,772 $
397,262
5,290,815
5,688,077
6,133,590
22
Propneta~ Fund Types
Fiduciary
Fund Types
Account Groups
General General Totals
Internal Fixed Long-Term (Memorandum
Enterprise Service Agency Assets Debt only)
1,751,760 $ 363,759 $
178,983 14,408
182,574
495,736
376,692
2,609,053 378,167 376,692
$ $
47,005,000
47,005,000
$ 3,326,468
1,819,084
1,782,939
1,070,028
68,260
47,005,000
55,071,779
382,283
4,462,020 2,614,743
94,181,148
94,181,148
382,283
7,076,763
1,157,784
5,133,772
3,486,569
2,045,642
1,212,549
68,260
21,563,308
8,991,670
4.462.020 2,997,026 94,181,148 145,299,748
7,071.073 $ 3,375,193 $ 376,692 $ 94,181,148 $
47,005,000 $ 200,371,527
_ 23
NOTES
24
Taxes
Use of money and prop~3'
Intergovernmental
Charges for services
Fines and forfeitures
Other revenue
Expenditures:
Administration
Law enforcement
Public Information
Administrative services
Recreation services
Community development
Public works
Capital outlay
Debt service:
Principal
Interest
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
CITY OF CI~ERTINO, CALII*ORN1A
Combined Statement of Revenues, Expenditures and Changes in Fund Balances
All Goven~mental Fund Types
For the Fiscal Year Ended June 30, 2000
Governmental Fund Typ~s Totals
Special Debt Capital (Memorandum
General Revenue Service prOjects only)
23,119,259 $ 468,200 $ $ $ 23,587,459
2,160,655 286,717 418,640 2.866,012
2,728,036 1,852,868 226,173 4,807,077
1,871,873 375,983 2.247,856
524,057 524,057
418,870 130,068 174,405 13,723 737.066
30,822,750 3, I 13,836 593,045 239,896 34,769,527
1,242,310
4,693,565
796,458
2,387,662
1,536,152
2,074,080
7,821,082
23,092
275,794
4,659,684
551,633
2,852,455
1,242,310
4,693,565
796,458
2,410,754
1,536,152
2,349,874
12,480,766
3,404,088
2,155,000 2,155,000
2,798,360 2,798,360
20,551,309 5,510,203 4,953,360 2,852,455 33,867,327
10.271,441 (2,396,367) (4,360,315) (2,612,559) 902,200
Other financing sources (uses):
Operating transfers in
Operating mmsfers out
725,000 1,547,840 4,497,000 3,192,908 9,962,748
(9.259,514) (418,300) (9,677,814)
Total other financing sources (uses)
(8,534,514) 1,129,540 4,497,000 3,192,908 284,934
Excess (deficiency) of revenues
over (under) expenditures
and other financing sources (uses)
1~36,927
Fund balances, beginning of yeax (~s r~tatud Note 16) 25,962,393
Fund balances, end of year
$ 27,699,320 $
See accompanying notes to general puq)ose financial s~ements.
(1.266,827) 136,685 580,349 1,187,134
6,405.212 4,997,087 5,107,728 42,472,420
5,138,385 $ 5,133,772 $ 5,688,077 $ 43,659,554
- 25
CITY OF CUPERTINO, CALIFORNIA
Combined Statement of Reveuues, Expenditures
and Changes in Fund Balances
Budget and Actual
General, Special Revenue and Debt Service Funds
For the Fiscal Year Ended June 30, 2000
Revenues~
Taxes
Use of money and property
Intergovernmental
Charges for services
Fines sod forfeitures
Other revenue
Total revenues
Expenditures:
Administration
Law enforcement
Public Information
Administrative services
Recreation services
Community development
Public works
Capital Outlay
Debt service:
Prmc~pal
Interest
Total expenditures
Excess (deficiency) of revenues over (under) expenditures
Other finsocing sources (uses):
Operating transfers in
Operating transfers out
Total other financing sources (uses)
Excess (deficiency) of revenues over (under)
expenditures sod other finsocing sources (uses)
Fund balsoces, beginning of year (as restated Note 16)
Fund balances, end of year
General Fund
Varlsoce
Amended Favorable
Budget Actual (Unfavorable)
23,415,000 $ 23,119,259 $ (295,741)
2,130,000 2,160,655 30,655
2,790,706 2,728,036 (62,670)
1,625,000 1,871,873 246,873
531,000 524,057 (6,943)
421,000 418,870 (2,130)
30,912,706 30,822,750 (89,956)
1,444,287 1,242,310 201,977
5,275,673 4,693,565 582,108
803,281 796,458 6,823
2,479,812 2,387,662 92,150
1,536,572 1,536,152 420
2,074,831 2,074,080 751
8,206,032 7,821,082 384,950
21,820,488 20,551,309 1,269,179
9,092,218 10,271,441 ,1,179,223
725,000 725,000
(9,259,514) (9,259,514)
(8,534,514) (8,534,518)
557,704 1,736~27
25,962,393 25,962,393
1,179,223
$ 26,520,097 $ 27,699,320 $ 1,179,223
See accompsoying notes to general purpose finsocial statements.
26
Special Revenue Funds
Variance
Amended Favorable
Budget Actual (Unfavorable)
618,000 $ 468,200 $ (149,800) $
281,000 286,717 5,717
3,012,995 1,852,868 (1,160,127)
427,000 375,983 (51,017)
133,000 130,068 (2,932)
Debt Service Funds
Amended Favorable
Budget Actual (Unfavorable)
$ $
300,000 418,640 118,640
4,471,995 3,113,836 (1,358,159) 300,000
174,405 174,405
593,045 293,045
33,000 23,092
489,407 275,794
4,756309 4,659,684
6,412,124 551,633
9,908
213,613
96,425
5,860,491
2,155,000
2,816,900
11,690~640 5.510,203 6,180,437 4,971,900
(7,218,645) (2,396.367) 4,822,278 (4,671,900)
2,155,000
2,798,360 18,540
4,953,360 18,540
(4,360,315) 311,585
4,497,000
4,497,000
136,685 311,585
4~97,087
1,547,840 1,547,840 4~97,000
(418,300) (418,300)
1,129,540 1,129,540 4,497,000
(6,089,105) (1,266,827) 4,822,278 (174,900)
6,405,212 6,405,212 4,997,087
$ 316,107 $ 5,138,385 $ 4,822,278 $ 4,822,187 $
5,133,7~2 $ 311,585
27
CITY OF CUPERTINO, CALIFORNIA
Combined Statement of Revenues, Expenses
and Changes in Retained Earnings
All Proprietary Fund Types
For the Fiscal Year Ended June 30, 2000
Internal
Enterprise Service
$ 6,924,364 $ 1,510,971 $
175,032
Totals
(Memorandum
only)
Operating revenues:
Charges for services
Other
8,435,335
175,032
Total operating revenues
7,099,396 1,510,971 8,610,367
Operating expenses:
Salaries and benefits
Materials and supplies
Contractual services
Insurance and claims
Depreciation
1,356,384 409,301 1,765,685
993,028 339,238 1,332,266
3,285,541 219,096 3,504,637
149,621 149,621
93,010 476,445 569~55
5,727,963 1,593,701 7,321,664
1,371,433 (82,730) 1,288,703
247,096 71,403 318,499
247,096 71,403 318,499
1,618,529 (11,327) 1,607,202
475,275 475,275
(760,209) (760,209)
(760,209) 475,275 (284,934)
858,320 463,948 1,322,268
3,603,700 2,150,795 5,754,495
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):
Interest income
Total nonoperating revenues (expenses)
Net income before operating transfers
Operating transfers:
Operating Ixansfers in
Operating transfers out
Net operating transfers
Net income
Retained earnings, beginning of year as restated Note 14
Retained earnings, end of year
$ 4,462,020 $ 2,614,743 $ 7,076,763
See accompanying notes to general purpose financial statements.
28
CITY OF C~PERT~NO, C,~I.vgORNIA
Combined Statement of Cash Flows
All Proprietary Fund Types
For the Fiscal Year Ended June 30, 2000
Cash flows from operating activities:
Cash received from customers
Cash payments to supphers
for goods and services
Cash payments to employees
Net cash provided (used) by operating activities
Cash flows from noncapital financing activities:
Operating transfers in
Operating retailers out
Net cash provided (used) by noncapital
financing activities
Cash flows from capital and related tS.nn¢i~g activities:
Purchase of fixed assets
Net cash used by capital
and related financing activities
Cash flows provided by mvestmg activities:
[merest received
Net cash provided by investing activities
Net increase (decrease) in cash and mvesm~nts
Cash and investments, beginning of year
Cash and mvesUnents, end of year
Totals
Internal (Memorandum
Enterprise Service only)
6,706,193 $ 1,577,582 $ 8,283,775
(2,773,784) (751,213) (3,524,997)
(1,356384) (407,727) (1,764,111)
2,576,025 418,642 2,994,667
475,275 475,275
(760,209) (760,209)
(760,209) 475,275 (284,934)
(29,944) (755,442) (785,386)
(29,944) (755,442) (785,386)
247,096 71,403 318,499
247,096 71,403 318,499
2,032,968 209,878 2,242,846
3,462,153 1,270,535 4,732,688
5,495,121 $ 1,480,413 $ 6,975,534
(eontiaued)
-- 29
CITY OF CUPERTENO, CALIFORNIA
Combined Statement of Cash Flows
All Proprietary Fund Types
For the Fiscal Year Ended June 30, 2000
Enterprise
Totals
Internal (Memorandum
Service only)
Reconciliation of operating income (loss) to net cash
proVided (used) by operating activities:
Operating Income (loss)
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation
Decrease (increase) m other assets
Decrease (increase) in accounts receivable
Increase (decrease) in accounts payable and accruals
Increase (decrease) in vacation payable
Increase (decrease) m deposits
Total adjustments
Net cash provided (used) by operating activities
See accompanying notes to general purpose financial statements.
$ 1,371,433 $
(82,730) $ 1,288,703.
93,010 476,445 569,455
4,266 4,266
(392,886) 66,611 (326,275)
1,459,469 (47,524) 1,411,945
20,052 1,574 21,626
24,947 24,947
1,204,592
2,576,025 $
501,372 1,705,964
418,642 $ 2,994,667
30
NOTES TO GENERAL PURPOSE
FIN,4NCL4L STATEMENTS
31
NOTES
32
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(1)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a) Reoorting Entity
The City of Cupertino, California (the City) was incorporated on October 3, 1955,
under the laws of the State of California. The City operates under a Council -
City Manager form of government and provides services through the following
departments: Administrative Services, Commtrnity Development, City Manager,
Parks and Recreation, Public Information, and Public Works/Engineering. Fire
services are provided by the Santa Clara County Fire District, and the City
contracts with the Santa Clara County Sheriff's Depa~h~ent for police services,
and with the Los Altos Garbage Company for garbage and recycling services.
The accompanying general purpose financial statements include all funds, account
groups, and boards and commissions that are con~rolled by the City Council. The
general purpose financial statements include the City's blended component unit,
an entity for which the City is considered to be financially accountable. A
blended component unit, although a legally separate entity, is in substance, part of
the City's operations and so data from this unit is combined with the City.
Blended component unit - The Cupertino Public Facilities Corporation (the
Corporation) was incorporated in May 1986, under the Nonprofit Public Benefit
Corporation Law of the State of California. The Corporation was organized as a
nonprofit corporation for the purpose of assisting the City in the acquisition,
consU'uction, and financing of public improvements which are of public benefit to
the City. The Corporation, after acquiring certain properties from the City leases
these back to the City. The lease money provides the funds for the debt service
for the Certificates of Participation issued by the Corporation to acquire the
properties. The City Council acts as the Board of Directors of the Corporation.
The Mayor and Vice Mayor of the City have been elected lh'esident and Vice
President, respectively, of the Corporation. The City Clerk has been elected
Secretary, and the City's Director of AdminisUMive Services has been appointed
Treasurer.
33
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCLa~ STATEMENTS
June 30, 2000
(1)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Co) Measurement Focus, Basis of Accountin$ and Basis of Presentation
The accounts of the City are organized and operated on the basis of funds and
account groups. A fund is an independent fiscal and accounting entity with a self-
balancing set of accounts. Fund accounting segregates funds according to their
intended purpose and is used to assist management in demonstrating compliance
with finance-related legal and conWactual provisions. The minimum number of
funds are maintained consistent with legal and managerial requirements. Account
groups are a reporting device to account for certain assets and liabilities of the
governmental funds not recorded directly in those funds.
The City has the following fund types and account groups:
Governmental funds -- These funds are used to account for the City's general
government activities. Governmental fund types use the flow of current financial
resources measurement focus and use the modified accrual basis of accounting.
Under the modified accrual basis of accounting, revenues are recognized when
susceptible to accrual (i.e., when they are both "measurable and available").
"Measurable" means the amount of the transaction can be determined and
"available" means collectible within the current period or soon enough thereafter
to pay liabilities of the current period. The City considers all revenues available if
they are collected within 90 days after year end except for property taxes which
are considered available if collected within 60 days. Expenditures are recorded
when the related fund liability is incurred, except for unmatured principal and
interest on general long-term debt which is recognized when due.
Property taxes, utility taxes, franchise taxes, interes! and special assessments are
susceptible to accrual. Sales taxes collected and held by the state at year end on
behalf of the City are also recognized as revenue. Expenditure-driven grants are
recognized as revenue when the qualifying expenditures have been incurred and
all other grant requirements have been met. Other receipts and taxes are
recognized as revenue when the cash is received.
34
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(b) Measurement Focus, Basis of Accountinlg and Basis of Presentation (continued)
Governmental funds include the following fund types:
The general fund is the City's primary operating fund. It accounts for all financial
resources of the City, except those required to be accounted for in another fund.
The special revenue funds account for revenue sources that are legally restricted
to expenditure for specific purposes, excluding major capital projects.
The debt service funds account for the accumulation of resources for and the
payment of general long-term debt not being financed by proprietary funds.
The capital projects funds account for the acquisition or construction of major
capital projects not being financed by proprietary funds.
Proprietary funds - These funds are accounted for on the flow of economic
resources measurement focus and use the accrual basis of accounting. Under this
method, revenues are recorded when earned and expenses are recorded at the time
liabilities are incurred. The City has elected, in accordance with Governmental
Accounting Standards Board (GASB) Statement No. 20 (Accounting and
Financial Reporting for Proprietary Funds and Other Governmental Activities
that Use Proprietary Fund Accounting), to apply all applicable GASB
pronouncements as well as any pronouncements issued by the Financial
Accounting Standards Board before and after November 30, 1989, except for
those that conflict with or contradict GASB pronouncements. Proprietary funds
include the following fund types:
Enterprise funds are used to account for those operations that are financed and
operated in a manner s'mailar to private business; or where the intent of
management is to recover the costs (including depreciation) of providing
continuing services to the public through user charges; or where management has
decided that the determination of revenues earned, costs incurred and/or net
income is necessary for capital maintenance, public policy or management
accountability.
35
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(1)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(b) Measurement Focus, Basis of Accounting and Basis of Presentation (continued)
Internal service funds account for operations that provide services to other City
depaFunents on a cost-reimbursement basis.
Fiduciary funds - The agency funds are custodial in nature and do not present
results of operations or have a measurement focus. Agency funds are accounted
for using the modified accrual basis of accounting. These funds are used to
account for assets that the City holds for others in an agency capacity.
Account Groups -- The general ftxed assets account group is used to account for
fixed assets not accounted for in proprietary funds. The general long-term debt
account group is used to account for general lung-term debt and certain other
liabilities that are not specific liabilities of proprietary funds.
(c) Budgetary Practices
The budget of the City is a detailed operating plan which identifies estimated
costs and results in relation to estimated revenues. The budget includes (1) the
programs, projects, services and activities to be provided during the fiscal year;
(2) estimated revenue available to finance the operating plan; and (3) the
estimated spending requirements of the operating plan. The budget represents a
process through which policy decisions are made, implemented and controlled.
The City prohibits expending funds for which there is no legal appropriation. All
appropriations lapse at fiscal year end.
In May of each year, the City Manager submits to the City Council a proposed
budget for the fiscal year beginning July 1. Public hearings on the proposed
budget are held during the month of June and the budgets for all fund types are
legally adopted by Resolution prior to June 30.
36
(0
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000 '
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(c)
Budgetary Practices ~ continued)
The City Manager ~s responsible for controlling the City's expenditures in
accordance with the adopted budget. The City Manager is authorized to transfer
appropriations within functional expenditure classifications. Any revision which
requires transfers between functional expenditure classifications or inereases total
appropriations must be approved by the City Council. Requests for additional
personnel or capital outlay also require the approval of the City Council. The legal
level of budgetary control is at the functional level.
The City Council made $1,756,127 in supplemental appropriations during the
year as follows.: general fund $1,653,533; special revenue funds $102,594.
Budgets for governmental funds are adopted on a basis consistent with generally
accepted accounting principles. Budget information is presented for the general,
special revenue and debt service funds only. Capital project funds are budgeted
on a long-term project-by-project basis and, hence, budgets for these funds are not
presented in the general purpose financial statements.
Encumbrance accounting is utilized during the year for budgetary control
purposes. Encumbrances outstanding at year-end do not constitute expenditures
or liabilities because the commitments are re-appropriated as part of an approved
revision to the following fiscal year's budget. At year-end, outstanding
encumbrances are reported as reservations of fund balance in the governmental
fund types.
(d) Cash and Investments
The City pools its cash resources, consisting of cash and investments, of all funds
for investment except for restricted funds generally held by an outside fiscal
agent. Cash amounts are reported net of outstanding warrants.
Investments are stated at fair value.
Interest earned on pooled cash resources is allocated to funds based on the ratio of
the individual funds' monthly cash balance to the total pool.
_ 37
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(1)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(e) Fixed Assets
Fixed assets used in the City's governmental fund types are recorded in the
General Fixed Assets Account Group at cost or estimated historical cost if
purchased or constructed. Donated fixed assets are recorded at their estimated
fair value on the date donated. Depreciation is not recorded on general fixed
assets.
Public domain (infrastructure) fixed assets consisting of roads, bridges, curbs,
gutters, streets, sidewalks, drainage and lighting systems are not capitalized.
Fixed assets of the proprietary fund types are recorded at cost. Donated fixed
assets are recorded at their estimated fair value on the date donated. Depreciation
is recorded for proprietary fund type fixed assets using the straight-line method
over the following useful lives:
Improvements
Vehicles
Street equipment
Water equipment
Office equipment
31 years
4 - 10 years
3 - 20 years
3 - 50 years
3 - 5 years
The City capitalizes fixed assets exceeding $1,000.
(f)
Claims and Judgments Payable
Claims and judgments payable are accrued when the liability is incurred and the
amount can be reasonably estimated. Claims and judgments payable are recorded
in an internal service fund for workers' compensation and long-term disability.
General liability claims and judgment~ are not material and are not accrued.
(g)
Compensated Absences
Vested accumulated vacation and sick leave is recorded as an expenditure/expense
and liability for all funds as the benefits accrue to employees.
38
O)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(h) Fund Equity
Conu-ibuted capital is recorded in proprietary funds that have received capital
grants or conWibutions from developers, customers or other funds as additions to
fund equity. Reservations of fund balances represent those portions of fund
balances which are not available for appropriation or expenditure or are legally
reslricted for a specific future use. Designated fund balances represent
management's tentative plans for future use of financial resources.
(i) Property Tax Calendar
All property taxes are levied and collected by the County of Santa Clam Secured
taxes are levied on July 1, are due in two installments on November 1 and March
1 and become delinquent on December 10 and April 10. Unsecured taxes are due
on July 1 and become delinquent on August 31. The lien date for secured and
unsecured property taxes is March 1.
The City, m fiscal year 1993-94, adopted an alternative method of property tax
disu'ibution (the "Teeter Plan"). Under this method, the City receives 100% of its
secured property tax levied in exchange for foregoing any interest and penalties
collected on delinquent taxes. The City receives remittances as a series of
advances made by the County during the year.
(j) Interfund Transactions
Quasi-external transactions are accounted for as revenues, expenditures, or
expenses. Transactions constituting reimbursements to a fund for
expenditures/expenses initially made fi'om it that are properly applicable to
another fund, are recorded as expenditures/expenses in the reimbursing fund and
as reductions of expenditures/expenses in the fund that is reimbursed.
Nonrecurring or non routine p~mianent transfers of equity between funds are
reported as residual equity transfers. All other interfund transfers are reported as
operating transfers.
39
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(2)
(k)
(1)
Statement of Cash Flows
For purposes of reporting cash flows for the City's proprietary funds, pooled cash
and investments are considered cash equivalents as the proprietary funds can
access pooled cash and investments in a manner similar to a demand deposit
Rccou11t.
Memorandum Only - Total Columns
Total colunms on the general purpose financial statements are captioned
"memorandum only" because they do not present consolidated financial
information and are presented only to facilitate financial analysis. These columns
do not present financial position, results of operations, or cash flows in
conformity with generally accepted accounting principles. Interfund eliminations
have not been made in the aggregation of this data.
CASH AND INVESTMENTS
The City's pooled idle funds are invested pursuant to investment policy guidelines
adopted by the City Council. The objectives of the policy are to invest funds to the
fullest extent possible and to invest in accordance with provisions of California
Government Code with the priority of safety, liquidity and yield. The policy addresses
the safekeeping of securities, types of investment instruments, the percentage of the
portfolio which may be invested, terms to maturity, reporting requirements, and policy
renewal.
The City maintaius a cash and investment pool that is available for use by all funda. Each
fund type's portion of this pool is displayed on the combined balance sheet as "cash and
investments".
40
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
Juue 30, 2000
(2)
CASH AND INVESTMENTS (continued)
(a) Deposits
Deposits are covered by FDIC insurance, up to $100,000 with the balance above
that mount secured by collateral in conformance with State law. The collateral
for deposits in Federal and State chartered banks is held in safekeeping by an
authorized "Agent of Depository" recognized by the California State Deparunent
of Banking Division. The collateral for deposits with savings and loan
associations generally is held in safekeeping by the Federal Home Loan Bank in
San Francisco as a third-party trustee. These securities are physically held in an
undivided pool for all California public agency depositors. The City had no
deposits at June 30, 2000.
(b) Invesmaents
Investments made by the City are classified as to credit risk into three categories.
Category 1 includes securities insured or registered, or held by the City or its
agent in the City's name. Category 2 includes securities uninsured and
unregistered, and held by the counterparty's trust department or agent in the
City's name. Category 3 includes securities uninsured and unregistered, and held
by the counterparty or by its mast depamnent or agent, but not in the City's name.
The City's investment portfolio is stated at fair value based on quotes obtained at
June 30, 2000. It is generally the City's intent to hold investments until maturity.
At year end, the City's investment balances were as follows:
41
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(2)
CASH AND INVESTMENTS (continued)
(b) Investments (continued)
Fair
Category I Category 2 Category 3 Value
.-- $36,816
Certificates of Deposit $36,816 --
--- $21,359,849
U.S. Treasury Notes $21,359,849 --
--- $6,162,424
U.S. Agency Securities $6,162,424 --
..- $2,833~424
Repurchase Agreement $2,833,424 --
Subtotal $30,392,513 $ - 0- $. - 0 - $30,392~513
Investments not subject
to categorization:
State Local Agency Investment Fund
Money Market Accounts
Cash with Fiscal Agents
Petty Cash
Total cash and investments
13,567,962
5,126,020
288,849
6,819
$49,382,663
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is
regulated by California Government Code Section 16429 under the oversight of the
Treasurer of the State of California. The fair value of the City's investment in this pool is
reported in the accompanying financial statements at mounts based upon the City's pro-
rata share of.the fair value provided by LAIF for the entire LAW portfolio (in relations to
the amortized cost of that portfolio). The balance available for withdrawal is based on the
accounting records maintained by LAIF, which are recorded on an amortized cost basis.
Included in LAIF's investment portfolio are collateralized mortgage obligations,
mortgage-backed securities, other asset-backed securities, loans to certain state funds, and
floating rate securities issued by federal agencies, government sponsored enterprises, and
corporations.
42
(3)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
RELATED PARTY LOAN
As a term of employment, the City provided to a former executive manager a $239,000
housing relocation loan. This 30-year loan bears interest at six percent per annum and
requires monthly principal and interest payments. At June 30, 2000, the balance of the
loan was $207,028.
During the fiscal year, the City provided a $686,500 loan and a $584,360 loan to two
executive managers in conjunction, with the City's housing assistance program for
executive managers. These 40 year loans bear interest at 4.49% per annum, the 11~
district cost of funds, and require monthly principal and interest payments. In addition,
there is a two percent deferral on the interest rate for the first five years of the loan. At
June 30, 2000, the balance of the loans were $677,937 and $580,403, respectively.
(4)
FIXED ASSETS
A summary of changes in general fixed assets follows:
Land
Buildings
Improvements
other than
buildings
Equipment
Construction
in progress
Balance
July 1,1999 Additions Deletions
$60,835,080 $ --- $ ---
11,386,201 491,555 ---
19,056,616 5,518 ---
Balance
June 30, 2000
$60,835,080
11,877,756
19,062,134
1,010,896 249,875 21,887 1,238,884
--- 1,167,294 -- 1,167,294
$92,288,793 $1,914,242 21,887
$94,181,148
43
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(4)
(5)
FIXED ASSETS (continued)
The following is a summary of proprietary fund fixed assets:
Land
Improvements
Equipment
Less: accumulated depreciation
Net fixed assets
LONG-TERM DEBT
Enterprise
$ 389,929
635,500
302,254
1,327,683
(456,473)
$ 871,210
Balance July 1, 1999
Retirements
Balance June 30, 2000
The followingisasummaryofthechangesinlong-termdebt:
Certific~es
of Participation
$49,160,000
(2,155,000)
$47,005,000
Intern~ Service
3,678,67~
3,678,676
(1,823,666)
$1,855,010
(5)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
LONG-TERM DEBT (continued)
(a) Cupertino Public Facilities Corporation Certificates of Participation (continued)
Certificates of participation debt instruments were issued by the Cupertino Public
Facilities Corporation to provide financing for the construction of the Community
Center, remodeling of City Hall and the Library in July of 1986, to purchase
Wilson Park in 1989, to finance Memorial Park Expansion in 1990, and to
purchase Blackberry Farm and Fremont Older site in 1991. Cupertino Public
Facilities Corporation, as lessor, leased real property to the City (under the lease
agreement with the lessee) and assigned the base rental payments to the trustee for
the benefit of the owners of the certificates of participation. The rental payments
are scheduled to be sufficient in both time and amount, to pay when due the
principal and interest of the certificates.
In December 1992, the City issued $10,785,000 of Certificates of Participation
with the effective interest rates ranging from 2.875% to 5.75% (the 1992 Capital
Improvement Refunding A certificates) to provide for the advance refunding of
the City Hall/Library Certificates of Participation Series 1986.
In December 1992, the City issued $14,585,000 of Certificates of Participation
with the effective interest rates ranging fi'om 3% to 6.25% (the 1992
Wilson/Memorial Park Refunding B certificates) to provide for the advance
refunding of the Wilson Park Certificates of Participation Series 1989 (the 1989
certificates), and the Memorial Park Expansion Certificates of Participation Series
1990 (the 1990 certificates).
45
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(5)
LONG-TERM DEBT (continued)
(a) Cupertino Public Facilities Corporation Certificates of Participation (continued)
In April 1993, the City issued $36,600,000 of Certificates of Participation with
the effective interest rates ranging from 3.25% to 5.75% (the 1993 Open Space
Refunding A certificates) to provide for the advance refunding of the Open Space
Certificates of Participation Series (the 1991 certificates).
The aggregate mount of defeased debt outstanding at June 30, 2000 was
$33,825,000.
The related debt service requirements at June 30, 2000, follows:
1992 Capital Improvement
Refunding A
Fiscal Year Ending June 30
Principal Interest Total
2001 $ 325,000 $ 483,968 $ 808,968
2002 345,000 466,094 811,094
2003 370,000 446,688 816,688
2004 390,000 425,412 815,412
2005 415,000 402,500 817,500
Thereafter 6,585,000 2,494,063 9,079,063
Total $8,430,000 $4,718,725 $13,148,725
The effective interest on these certificates averages 5.69%.
46
(5)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
LONG-TERM DEBT (continued)
(a) Cupertino Public Facilities Corporation Certificates of Participation (continued)
1992 Wilson/Memorial
Refunding B
Fiscal Year Ending June 30 Pri~ Interest Total
2001 $~ $ ~ $ 1,323,--,',',',',',','~
2002 790,000 530,820 1,320,820
2003 840,000 485,396 1,325,396
2004 890,000 436,046 1,326,046
2005 945,000 382,646 1,327,646
Thereafter 5,200,000 959,998 6,159,998
Total
$ 9,415,000 $3,367,914 $12,782,914
The effective interest rate on these certificates averages 5.98%.
1993OpenSpace
Refunding A
Fiscal YearEndingJune 30 ~ Interest Total
2001 $1,185,000 $1,~ $2,80~
2002 1,240,000 1,553,713 2,793,713
2003 1,305,000 1,487,682 2,792,682
2004 1,380,000 1,416,338 2,796,338
2005 1,450,000 1,339,375 2,789,375
Thereafter 22,600,000 7,870,022 30,470,022
Total
$29,160,000 $15,282,835 $44,442,835
The effective interest rate on these certificates averages 5.62%.
(b) Redevelopment Agency
As part of the formation of the Redevelopment Agency project area, the City
advanced the Agency $68,260 from the general fund. Included in this advance is
$17,065 which will be allocated to low and moderate housing. This obligation is
expected to be repaid fi.om tax increment revenue once the project area is formed.
_ 47
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(6) UNRESERVED, DESIGNATED FUND BALANCES
The unreserved-designated fund balances include mounts which have been internally
designated to be set aside and are not considered to be available for immediate
appropriation. The components of the unreserved-designated fund balance for the
General Fund at June 30 are as follows:
2000 1999
Economic Uncertainty
Disaster Preparedness
CIt' - Future Acquisitions
CIP - Reserve
Debt service
Self-insurance
Capital improvements
Civic center building
Street improvements
Open space-recreation .-
$2,500,000
7,500,000
5,000,000
6,563,308
9,508,809
1,000,000
1,035,000
2,361,495
600,000
301,000
Total designated fund balances
$21,563,308
$14,806,304
48
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30,2000
(7)
SEGMENT INFORMATION FOR ENTERPRISE FI. INDS
The City operates five enterprise funds which provide solid waste disposal services, golf
course and picnic area, a sports facility, recreation center and a senior center. Significant
financial data as of and for the year ended June 30, 2000, for each of these funds is as
follows:
Resource Blackber~ Cupertino Recreation Senior
Recove~ Farm Sports Center Pro ,~arns Center Total
Operating
revenues $2.425.122 $1.577.055 $1.024,289 $1.591.053 $4.81.877 $7.099.396
Depreciation 600 86.910 5.500 -- -- 93.010
Operating income 76~.864 213.728 68.999 280.166 43.676 1.371,433
Operating
transfers out -- (175.000) (435,209) (75.000) (75.000) (760,209)
Net income (loss) 923,088 57,968 (329,212) 223,277 (16,801) 858,820
ProperV/&
equipment
additions
29.9~ -- -- -- 29.9~
Net working
capital 2.886.975 65.116 254.079 114,451 270.189 3.590.810
Total assets 4,497,664 1,317,600 370,957 596,628 288,224 7,071,073
Total equity 2.889,013 927,849 260,518 114.451 270.189 4,462,020
(8) COMMITMENTS AND CONTINGENCIES
The City participates in a number of federal and state grant programs subject to financial
and compliance audits by the grantors or their representatives. Audits of certain grant
programs, including those for the year ended June 30, 2000, have yet to be conducted.
The amount, if any, of expenditures which may be disallowed by the granting agencies
cannot be determined at this time. Management believes that such disallowances, if any,
would not have a material effect on the financial statements.
49
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
Juue 30, 2000
(8)
COMMITMENTS AND CONTINGENCIES (continued)
The City has an agreement, expiring in 2019, to lease a building to the County of Santa
Clara for the purpose of providing library service to the City's residents. The lease
requires a minimum annual payment of $120,000 adjusted annually for Cupertino's
portion of book circulation and increase of assessed valuation. This is an operating lease
with a renewable option.
The future minimum rentals from such leases are as follows:
Fiscal year ending June 30
Amount
2001 $ 120,000
2002 120,000
2003 120,000
2004 120,000
Therea~er $1,560,000
Total future minimum rentals
$2,040,000
As of June 30, 2000, the City had a dispute with its refuse hauler regarding recycling fees
the City claims are owed approximating $1.5 million. The City contends that recycling
fees were not remitted to it from fiscal 1989 until fiscal 2000 as required under an
agreement with the refuse hauler. In fiscal 1999-2000, the City retained other fees not in
dispute due the refuse hauler as partial compensation for the unpaid recycling fees. In
accordance with generally accepted accounting principles, the City will record revenue
for recycling fees when the dispute is settled. As of June 30, 2000, the $1.5 million has
been included as an accrued liability in the Resource Recovery Enterprise Fund.
50
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
Juue 30, 2000
(9)
LIABILITIES UNDER SELF-INSURANCE AND RISK MANAGEMENT
The City is self-insured for the first $250,000 of workers' compensation claims per
occurrence. The City provides for excess workers' compensation insurance through an
outside administrator up to $1,000,000. During the fiscal year 1997/98, the City had a
two year analysis performed of its workers' compensation program by an independent
actuary. This resulted in an increase in the City's reserve for unpaid claims of
approximately $10,000. There were no significant reductions in insurance coverage
from the prior year nor did settlements exceed insurance coverage for the past four fiscal
years. In addition, the City is self-insured for general and automobile liability claims for
the first $100,000 per occurrence. Excess coverage is provided by the outside
administrator up to $5,000,000. Claims liability is based upon the administrator's
estimate of ultimate loss payout.
Changes in the balances of claim liabilities during the past two fiscal years are as follows:
Workers'
Compensation
Claims liability, June 30, 1998
Incurred claims
Claim payments
$418,194
102,207
(196,426)
Claims liability, June 30, 1999
Incurred claims
Claim payments/credits
323,975
147,231
(136,436)
Claims liability, June 30, 2000
$334,770
_ 51
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(10) OTHER POST RETII~EMENT BENEFITS
Permanent employees who retire under the City's retix~rnent plan (PERS) and who have
five years of service are, pursuant to their respective collective bargaining agreements,
eligible to have their medical insurance premiums paid by the City. Retirees receive the
amount necessary to pay the cost of hi,~dher enrollment, including the enrollment of
his/her family members, in a health benefit plan up to the maximum received by active
employees in their respective bargaining unit. The cost of retiree medical insurance
premiums are recognized as an expenditure when benefits are paid. There were 55
retirees participating in the plan as of June 30, 2000.
Retiree medical insurance premium expenses for the past five fiscal years ended June 30,
are as follows:
1996 $152,882
1997 147,791
1998 162,021
1999 183,330
2000 244,824
( 11 ) DEFERRED COMPENSATION PLAN
Due to the passage of the Small Business Job Protection Act (Act) of 1996, and the
issuance of Governmental Accounting Standards Board Statement No. 32 "Accounting
and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation
Plans," governmental entities who have established deferred compensation plans under
Internal Revenue Code Section 457 are required to establish trusts to hold plan assets for
the exclusive benefit of plan participants and their beneficiaries. This Act supercedes
previous regulations, which required that plan assets remain the property of the City until
paid or made available to the participants, subject only to the City's general creditors. In
compliance with the new regulations, the City established separate trusts to hold plan
assets. The value of assets held in trust under Section 457 defeated compensation plans is
approximately $9,842,434 as of June 30, 2000, which have been excluded from the
financial statements.
52
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(12) DEFINED BENEFIT PENSION PLAN
(a) Plan Description
The City of Cupertino's defined benefit pension plan, provides retirement and
disability benefits, annual cost-of-living adjustments, and death benefits to plan
members and beneficiaries. The plan is part of the Public Agency portion of the
California Public Employees Retirement System (CalPERS), an agent multiple-
employer plan administered by CalPERS, which acts as a conunon investment
and administrative agent for participating public employers within the State of
California.
A menu of benefit provisions as well as other requirements are established by
State statutes w~th½n the Public Employees' Retirement Law. The City selects
optional benefit provisions f~om the benefit menu by contract with CalPERS and
adopts those benefits through local ordinance. CalPERS issues a separate
comprehensive annual financial report. Copies of the CalPERS' annual fmeneial
report may be obtained from the CalPERS Executive Office, 400 P SWeet,
Sacramento, CA 95814.
(b) Funding Policy
Active plan members are required to contribute 7% of their annual covered salary,
which is paid by the City on behalf of the employee. The City is required to
contribute the actuarially del~iiuiffl~l ~g alllOUllts necessary to fund the
benefits for its members. The actuarial methods and assumptions used are those
adopted by the CalPERS Board of Administration. The required employer
contribution rate for fiscal year 1999/00 was 0.944%. The contribution
requirements of the plan members are established by State statute and the
employer contribution rate is established and may be amended by CalPERS.
_ 53
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(12)
DEFINED BENEFIT PENSION PLAN (continued)
c)
Annual Pension Cost:
For fiscal year 1999/00, the City's annual pension cost and the City's actual
contribution was $651,527. The required contribution for fiscal year 1999/00 was
determined as part of the June 30, 1998 aetuariai valuation using the entry age
normal actuarial cost method with the contributions determined as a percent of
pay. The actuarial assumptions included a) 8.25% investment rate of return (net
of administrative expenses); b) projected salary increases that vary by duration of
service ranging fi.om 3.75% to 14.20% for miscellaneous members and c) no cost-
of-living adjustment. Both (a) and (b) include an inflation component of 3.5%
and a payroll growth of 3.75%. The actuarial value of the City of Cupertino's
assets was determined using a technique that smoothes the effect of short-term
volatility in the market value of investments over a two to five year period
depending on the size of investment gains and/or losses. The City of Cupertino's
overfunded actuarially accrued liability is being amortized as a level percentage of
projected payroll., on a closed basis. The remaining amortization period at June
30, 2000 was 20 years.
Three year trend information for City of Cupertino:
Annual Percentage
Fiscal Year Pension of APC
Ending Cost (APC) Contributed
6/30/97 $916,538 100.0%
6/30/98 990,452 100.0%
6/30/99 972,043 100.0%
6/30/00 651,527 100.0%
(13) SUBSEQUENT EVENT
The City formed the Vallco Redevelopment Project Area on October 19, 2000. A lawsuit
has been filed against the project by a housing coalition which has currently put
implementation of the project on hold. The City believes that a compromise can be
reached on the issues in dispute. The project area will be reported as a component unit.
54
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(14) BEGINNING RETAINED EARNINGS
As of June 30, 2000, the City determined that $64,869 of the Cupertino Sports Center and
$430,867 of the Recreation Programs Enterprise Fund charges for service had been
collected fi.om customers, but service had not been provided as of that date. Generally
accepted accounting principles require that resources received but not earned must be
deferred. Accordingly, this mount has been reflected as deferred revenue in the
accompanying financial statements. In addition, the City could not determine the amount
of the prior year deferred charges and has therefore restated the beginning retained
earnings for the same amount.
(15) DEFICIT FUND BALANCE
As of June 30, 2000, the General Fund had advanced to the Redevelopment Agency
(RDA) $68,260 for legal and consulting fees. As the Agency Project Area was not
formalized until October 19, 2000, such expenditures have resulted in a deficit fund
balance of $66,662. Once the project tax increment is in place, the RDA will reimburse
the advance.
(16) SPECIAL ASSESSMENT CLASSIFICATION
During fiscal year 1999/2000, the City reclassified three special assessment debt service
funds to the agency fund when it was discovered that the bond prospectus specifically
stated that the City would not assume responsibility for all or part of the debt m the event
of a default. The restatement moved $370,085 and $360,775 to the Agency Fund Cash
and Investments for fiscal years ending 6/30/00 and 6/30/99, respectively.
As of June 30, 2000, the outstanding balance for these assessment bonds amounted to
$550,000.
_ 55
CITY OF CUPERTINO, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
June 30, 2000
(1) Funded Status of Plan (in thousands)
Valuation
Date (Most Actuarial
recent data Value of
available) Assets
Actuarial Unfunded/ Annual
Accrued (Overfunded) Funded Covered
Liability Liability Ratio Payroll
6/30/96 $20,426
6/30/97 23,929
6/30/98 28,773
UAAL
Asa%of
Covered
Payroll
$19,779 $ (657) 103.3% $5,260 (12.3%)
20,607 (3,321) 116.1% 6,032 (55.1%)
22,734 (6,039) 126.6% 6,617 (91.3%)
56
GENERAL FUND
The General fund is the general operating fund of the City. It is used to account for all financial
resources except those which are required to be accounted for in another fund.
- 57
CITY OF CUPERTI~TO, CALIFORNIA
General Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash and inveslments
Receivables:
Accounts
Loans
Other assets
Advance to other funds
Total assets
Liabilities and fund balances
Liabilities:
Accounts payable and aceruah
Accrued payroll and b~nefits
Deposits
Deferred revenue
Total 1/abilities
200O
27,080,562
1,605,709
2,366,357
74,844
68,260.
$ 31,195,732
1999
$ 26,754,169
1,350,119
1,121,551
42,167
$ 29,268,006
$ 585,752 $ 674,003
1,574,659 1,601,747
1,223,673 990,268
112,328 39,595
3,496,412
3,305,613
Fund balances:
Reserved for encumbrances
Reserved for loans receivable
Reserved for affordable housing
Reserved for public access television
Reserved for advances
Unreserved:
Designated (Note 6)
Undesignated
Total fund balances
Total liabilities and fund balances
443,204
2,366,357
2,045,642
1,212,549
68,260
21,563,308
27,699,320
$ 31,195,732
190,959
1,121,551
1,763310
1,312,016
14,806,304
6,768,153
25,962,393
$ 29,268,006
58
I~1'1'¥ OF CUPERTINO, C~I,II~ORNIA
~ener~l Fund
Comparative Statements of Revenues, Expenditures and
Changes in Fund Batanees
For the Fiscal Yeats Ended June 30, 2000 and 1999
Taxes
Use of money and properly
Imergovemmen~al
Charges for services
Fines and forfeitures
Other revenue
2OOO
1999
Totalrevenue5
23,119259 $ 18,067,176
2,160,655 2,417,202
2,728,036 2,763,282
1,871,873 2,256,443
524,057 503223
418,870 145,854
Expenditures:
Current:
Administration
Law enforcement
Public information
Administrative services
Recreation services
Community development
Public works
30,822,750
Total expenditures
1,242,310
4,693,565
796,458
2,387,662
1,536,152
2,074,080
7,821,082
Excess of revenues over (under) expenditures
Other financing sources (uses):
Operating uansfers m
Operating Ixausfers out
Total other fmuncmg sources (uses)
Excess (defiency) of revenues
over (under) expenditures and
other financing sources (uses)
Fund balances, beginning of year
Fund balances, end of year
20,551,309
10,271,441
725,000
(9,259,514)
(8,534,514)
1,736,927
25,962,393
$ 27,699,320
26,153,180
1,133,408
4,892,704
631,035
1,993,234
1,363,410
1,871,242
7,285,440
19,170,473
6,982,707
1,116,350
(18,541,170)
(17,424,820)
{10,442,113)
36,404,506
$ 25~62,393
- 59
NOTES
60
SPECIAL REVENUE FUNDS
The Special Revenue Funds are used to account for the proceeds of specific revenue sources that
are legally restricted to expenditures for specified purposes.
Storm Drain - Accounts for the construction and maintenance of storm drain facilities
including drainage and sanitary sewer facilities.
Park Dedication - Accounts for the activity granted by the business and professions code
of the State of California in accordance with the open space and conservation element of
the City's General Plan. Revenues of this fund are restricted for the acquisition,
improvement, expansion and implementation of the City's parks and recreation facilities.
Environmental Management - Accounts for all activities related to operating the non-
profit source pollution program.
Gas Tax - Accounts for the City's gas tax apportionment revenues and expenditures
related to the maintenance and consmaction of city streets. All revenue in this fund is
restricted exclusively for street and road purposes including related engineering and
administrative expenses.
Housing Development - Accounts for the Federal Housing and Community Development
Grant Program activities administered through the county. Monies in this fund are
governed by the program roles.
Leadership Cupertino - Accounts for revenue and expenditures for the purpose of
supporting a leadership training course in the community.
Redevelopment Vallco - Accounts for revenue and expenditures related to the
construction of a redevelopment agency project area at the Vallco Regional Mall.
_ 61
Assets
Cash and mvesmaents (Note 2)
Accounts receivable
Loans receivable (Note 3)
Total assets
CITY OF CUPERTINO, CALIFORNIA
Special Revenue Funds
Combining Balance Sheet
June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
Storm Park Environmental Gas
Drain Dedication Management Tax
$ 1,361,412 $ 659,178 $ 146,473 $ 1,117,736
596,279
$ 1,361,412 $ 659,178 $ 146,473 $ 1,714,015
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deferred revenue
Advance from other funds
Total liabilities
Fund balances:
Reserved for encumbrances
Reserved for loans receivable
Urtreserved:
Undesignated
Total fund balances
Total liabilities and fired balances
$ $ 68 $ 10,266 $ 148,973
38,389 t 1,103
68 48,655 160,076
317,318
1,361,412 659,110 97,818 1,236,621
1,361,412 659,110 97,818 1,553,939
$ 1,361,412 $ 659,178 $ 146,473 $ 1,714,015
62
Housing Leadership Redevelopment
Development Cuperano Vallco
Totals
2000 1999
386,444 $ 11,270 $ $ 3,682,513 $ 3,664,762
32,873 5,486 634,638 1,827,729
1,582,176 1,582,176 1,697,572
2,001,493 $ 11,270 $ 5,486 $ 5,899,327 $ 7,190,063
16,469 $ 20 $ 3,888$ 179,684 $ 172,302
1,542 51,034 39,448
461,964 461,964 573,101
68,260 68,260
479,975 20 72,148 760,942 784,851
317,318 2,095,200
1,120,212 1,120,212 1,124,471
401,306 11,250 (66,662) 3,700,855 3,185,541
1,521,518 11,250 (66,662) 5,138,385 6,405,212
2,001,493 $ 11,270 $ 5,486 $ 5,899,327 $ 7,190,063
63
CITY OF CUPERTINO, CALIFORNIA
Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
S~o~n Park
Drain Dedication
Environmental Gas
Management Tax
Taxes
Use of money and property
Intergovernmental
Charges for secvices
Other revenue
Expenditures:
Administrative Services
Community development
Public works
Capital outlay
Total expenditures
Excess (deficiency) of revenues over
(under) expenditures
Other financing sources (uses):
Operating transfers m
Operating i~ansf~rs out
Net other financing sources (uses)
Excess (deficiency) of rcvenues
over (under) expenditures and
other financing sources (uses)
Fund balances, beginning of ycar
Fund balances, end of year
$ 60,200 $ 408,000 $
72,957 32,146
7,602 20,010
1,803,657
342,323 33,660
133.157 440,146 349,925 1,857,327
$
526.105 4,133,579
59,487 21370 470,776
59,487 21,370 526,105 4~04355
73,670 418,776 (176,180) (2,747,028)
1,542,840
(4oo,ooo) (18,3oo)
(400,000) 1,524,540
73,670 18,776 (176,180) (I,222,488)
1,287,742 640334 273,998 2,776,427
1361,412 $ 659,110 $ 97,818 $ 1,553,939
Housing
Developm~n{
Leadership
Cupertino
Revelopmem
Vallco
Totals
2000 ! 999
- $ $ $
54,002
49,211
21,645 108A23
468,200 $ 528,829
286,717 384,396
1,852,868 2,756,466
375,983 321,572
130,068 18379
203,213 21,645 108323 3,113,836 4,009,342
23,092 23,092 15,742
100,709 175,085 275,794 230,700
4A59,684 1,881,946
551,633 894,040
100,709 23,092 175,085 5~I0,203 3,022,428
102,504 (1,447) (66,662) (2396,367) 986,914
5,000 1,547,840 67,000
(418,300) (375,000)
5,000 1,129,540 (308,000)
102,504 3~53 (66,662) (1,266,827) 678,914
1,419,014 7,697 6A05,212 5,726,298
S 1,521,518 $ 11,250 S (66,662) $
5,138,385 $ 6,405,212
65
CITY OF CUPERTINO, CALIFORNIA
Storm Drain Special Revenue Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash andmvestments
Accounts receivable
Total assets
2000
$ 1,361,412
$ 1,361,412 $
1999
1,287,842
917
1,288,759
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
1,361,412
1,361,412
$ 1,361,412
1,017
1,287,742
1,287,742
1.288,759
66
CITY OF CU~ERTINO~ CALIFORNIA
Storm Drain Special Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund Bthnces - Budget und Actual
FOF the Fiscsl Yesr Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
2000
Amended
Bud~e~ Actual
Taxes
Use of money and property
Total revenues
Expenditures:
Capital outlay
To~l expenditures
Excess (deficiency) of revenues
over (under) expendilures
Fund balances, beginnin§ of year
Fund balances, end of year
Favoxable
(Un.favorable)
1999
Actual
$ 118,000 $ 60~00 $ (57,800) $ 198,079
54,000 72,957 18,957 74,542
172,000 133,157 (38,843) 272,621
1,159,743 59,487 1,100,256 465,957
1,159,743 59,487 1,100,256 465,957
(987,743) 73,670
1~87,742 1,287,742
1,061,413
$ 299,999 $ 1,361,412 $
1,061,413 $
(193,336)
1,481,078
1,287,742
67
CITY OF CUPERTINO, CALIFORNIA
Park Dedication Special Revenue Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash and investments
2O0O
659,178
1999
$ 640,334
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Total liabilities
Fund balances:
Unreserved:
Undesignated
Total f~nd balances
68
68
$ 659,110 $ 640,334
$ 659,178 $ 640,334
68
CITY OF CUPERTINO, C.~r .~'DRNIA
Park Dedication Special Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
2000 1999
variance
Amended Favorable
Budget Actual (Unfavorable)
Actual
Taxes
Use of money and property
S 500,000 $ 408,000 S (92,000) $ 330,750
32,146 32,146 44,860
Total revenues
500,000 440,146 (59,854) 375,610
Expenditures:
Capital outlay
233,023 21,370 211,653 19,978
233,023 21,370 211,653 19,978
266,977 418,776 151,799 355,632
(400,000) (400,000) (375,000)
Total expenditures
Excess of revenues over expenditures
Other financing sources (uses):
Operanng transfers out
Excess {deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
(133,023) 18,776 151,799 (19,368)
Fund balances, begUmmg of year
640,334 640,334 659,702
Fund balances, end of year
507,311 $ 659,110 $ 151,799 $ 640,334
69
CITY OF CUPERTINO, CALIFORNIA
Environmental Management Special Revenue Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash and investments
Accounts receivable
Total assets
2000
$ 146,473 $
1999
310,220
440
$ 146,473 $ 310,660
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Total liabilities
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
$ 10,266 $ 8,238
38,389 28,424
48,655
97,818
97,818
36,662
709
273,289
273,998
$ 146,473, $ 310,660
70
Use of money and propen'y
Charges for services
Expenditures:
Public works
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
Fund balances, beginning ofyear
Fund balances, end of year
CITY OF CUPERTINO, CALIFORNIA
Environmental Management Special Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Fiscal Yenr Ended June 30, 2000
(With Comparative Totals for fiscal yenr ended June 30, 1999)
2000 1999
Amended Favorable
Budget Actual ('Unfavorable) Actual
8,000 $ 7,602 $ (398) $ 11,826
392,000 342,323 (49.677) 321.572
400.000 349~25 (50,075) 333,398
526.489 526.105 384 412.751
526,489 526.105 384 412,751
(126A89) (176,180) (49,691) (79,353)
273,998 273,998 353~51
147.509 $ 97.818 $ (49,691) $ 273.998
_ 71
CITY OF CUPERTINO, CALIFORNIA
Gas Tax Special Revenue Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash and inves~nents
Accounts receivable
Total assets
2000 1999
1,117,736 $ 1,097,912
596,279 1,801.295
1,714,015 $ 2,899,207,,
Liabilities and fund balances
Liabihfies:
Accounts payable and accruals
Accrued payroll and benefits
Total liabilities
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
$ 148,973 $ 113,056
11,103 9,724
160,076
317,318
1,236,621
1,553,939
$ 1,714,015
122,780
2,094,491
681,936
2,776,427
2,899,207
72
{-:I'I'Y OF CtrP~RTINO, C.il
Gas Tax Special Revenue Fund
Statement of Revenues, Expenditures tad
Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
2000 1999
Variance
Amended Favorable
Budget Actual (Unfavorable)
Actual
Revenues:
Use of money and property
Charges for service
Intergovemmen~
$ 50,000 $ 20,010 $ (29,990) $ 80,711
35,000 33,660 (1,340)
2,964,995 1,803,657 (1,161,338) 2,693,672
Total revenues
3,049,995 1,857,327 (1,192,668) 2,774,383
Expenditures:
Public works
Capital outlay
4,229,620 4,133,579 96,041 1,469,195
5,019,358 470,776 4,548,582 408,105
Total expenditures
9,248,978 4,604,355 4,644,623 1,877,300
Excess (deficency) of revenue
over (under) expenditures
(6,198,983) (2,747,028) 3,451,955 897,083
Other financing sources (uses):
Operating transfers m
Operating transfers out
1,542,840 1,542,840 62,OO0
(18,3OO) (18,3OO)
Total other financing sources (uses)
1,524,540 1,524,540 62,OO0
Excess (deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
(4,674,443) (1,222,488) 3,451,955 959,083
Fund balances, beginning of y~ar
2,776,427 2,776,427 1,817,344
Fund balances, end of year
$ (1,898,016) $ 1,553,939 $ 3,451,955 $ 2,776,427
_ 73
CITY OF CUPERTINO, CALIFORNIA
Housing Development Special Revenue Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Cash and investments
Accounts receivable
Loans receivable
Total assets
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deferred revenue
Total liabilities
2000
$ 386,444
32,873
1~582,176
$ 2,001,493
1999
$ 320,754
25,077
1,697,572
$ 2,043,403
$ 16,469 $ 49,988
1,542 1,300
461,964 573,101
479,975 624,389
Fund balances:
Reserved for loans receivable
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
1,120,212 1,124,471
401,306 294,543
1,521,518 1,419.014
2,001,493 $ 2,043,403
74
CITY.OF CIYPERTINO, C.~LIFORNIA
Housing Development Special Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund BMences - Budget and Actual
For the Fiscal Year Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
2000 1999
yanance
Amended Favorable
Budget Actual (Unfavorable)
Actual
Use of money and property
Intergovernmental
Other revenue
Total revenues
Expenditures:
Commtmity development
Total expenditures
Excess (deficency) of revenues
over (under) expenditures
Excess (deficiency) of revenues
over l under) expenditures and
other financing sources (uses)
Fund balances, beginning of year
Fund balances, end of year
169,000 $ 154,002 $ (14,998) $ 172,457
48,000 49,211 1,211 62,794
625
217,000 203,213 (13,787) 235,876
314,307 100,709 213,598 230,700
314,307 . 100,709 213,598 230,700
(97,307) 102,504 199,811 5,176
(97,307) 102,504 199,811 5,176
1,419,014 1,419,014 1,413,838
1,321,707 $
1,521,518 $ 199,811 $ 1,419,014
_ 75
CITY OF CUPERTINO, CALIFORNIA
Leadership Cupertino Special Revenue Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash and mvesUnents
Total assets
2000
1999
$ 11,270 $ 7,700
$ 11,270 $ 7~700
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Fund balances:
Unreserved:
Undesignated
Total fund balances
$ 20 $ 3
11,250
7,697
$ 11,270 $ 7,700
76
CITY OF CUPERTINO, C.~-~ORNIA
Leadership Cupertino Specisl Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
2000 1999
Am~nd~ Favorable
Budget Ac'mai (Unfavorable) Actual
Other revenue
$ 23,000 $ 21,645 $ (1,355) $ 17,454
Total revenues
23,000 21,645 (1,355) 17,454
Expenditures:
Administrative Services
33,000 23,092 9,908 15,742
Total expenditures
33,000 23,092 9,908 15,742
Excess (deficiency) of revenues
over (under) expenditures
(10,000) (1,447) 8,553 1,712
Other financing sources (uses):
Operating Iransfers m
5,000 5,000 5,000
Excess (deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
(5,000) 3,553 8,553 6,712
Fund balances, beginning of year
7,697 7,697 985
Fund balances, end of year
$ 2,697 $ 11,250 $ 8,553 $
7,697
_ 77
Assets
Accounts receivable
Total assetS
Liabilities and fund balances
Liabilities:
AccountS payable and accruals
Advances from other funds
Total liabilities
Fund balances:
Unreserved:
Undesignated
Total fund balances
CITY OF CUYERTINO, CALIFORNIA
Redevelopment Vallco Special Revenue Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
2O0O
$ 5,486
$ 5,486
$ 3,888
68,260
72,148
(66,662)
$ 5,486
1999
$
$
78
Other revenue
Total revenues
Expenditures:
Community Development
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
Excess (deficiency) of revenues
over (under) expenditures
CITY OF CUPERTINO, CALIFORNIA
Redevelopment Vallco Special Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
20O0 1999
Amended Favorable
Budget Actual (Unfavorable) Actual
$ 110,000 S 108,423 $ 0,577)
110,000 108,423 (1,577)
175,100 175,085 15
175,100 175,085 15
(65,100) (66,662) (1,562)
(65,100) (66,662) (1,562)
Fund balances, beginning of year
Fund balances, end of yenr
$ (65,100) $ (66,662) $ (1,562) $
79
NOTES
80
DEBT SER VICE FUNDS
The Debt Service Funds are used to account for the accumulation of resources for and the
payment of general long-term debt, principal, interest and related costs.
Public Facilities Corporation - Accounts for the payments of principal and interest on
certificates of participation issued to provide for the advance refunding of the City
Hall/Library, Wilson Park and Memorial Park certificates of participation.
81
~sets
Cash and investments
Assessments receivable
Total assets
CITY OF CUPERTINO, CALIFORNIA
Debt Service Funds
Combining Balance Sheet
June 30, 2000
(3Vith Comparative Totals for fiscal year ended June 30, 1999)
Public Totals
Facilities Corp. 2000
$ 5,133,772 $ 5,133,772 $
1999
4,997,087
$ 5,133,772 $ 5,133,772 $ 4,997,087
Liabilities and fund balances
Fund balances:
Reserved for debt service
Total liabilities and fund balances
5,133,772 5,133,772 4,997,087
5,133,772 $ 5,133,772 $ 4,997,087
82
Use of money and property
Other
Expenditures:
Principal
Interest
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
Other financing sources (uses):
Operating transfers in
Excess (deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
Fund balances, beginning of year
Fund balances, end ofyear
CITY OF CUPERTINO, CALIFORNIA
Public Facilities Corporation Debt Service Fund
Statement of Revenues, Expenditures and
Changes Jn Fund Balances * Budget and Actual
For the Fiscal Year Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
2000 1999
Amended Favorable
Budget Actual (Unfavorable) Actual
$ 300.000 $ 418,640 $ 118.640 $ 312.080
174,405 174.405
300,000 593.045 293,045 312,080
2.155.000 2,155.000 2.045.000
2,816.900 2,798,360 18.540 2.902.333
4.971,900 4.953.360 18,540 4.947,333
(4,671,900) (4,360,315) 311,585 (4.635.253)
4,497.000 4.497,000 4.633,000
(174.900) 136,685 311,585 (2.253)
4,997.087 4,997.087 4,999.340
$ 4.822.187 $ 5.133,772 $ 311.585 $ 4.997.087
- 83
NOTES
84
CAPITAL PR OJECT FUNDS
The Capital Project Funds are used to account for financial resources to be used for the
acquisition or construction of major capital facilities (other than those financed by Proprietary
Funds).
Capital Improvement Projects - Accounts for activities related to the acquisition or
construction of major capital facilities.
Stevens Creek Boulevard - Accounts for street improvements and expenditures along
Stevens Creek Boulevard.
Creekside Park - Accounts for activities related to the acquisition and conslxuetion of
Creekside Park including a youth sports complex, community center and picnic facilities.
Library Remodel - Accounts for costs associated with consultant's needs assessment and
feasibility study to expand the current library.
Senior Center Expansion - Accounts for activities related to design and construction of
additional space for the Senior Center.
Four Seasons Park - Accounts for activities related to the construction of the Four
Seasons Park located at the southeast comer of DeA.nza Boulevard and Stevens Creek
Boulevard.
Sports Center Building - Accounts for activities related to the design and construction of
a new Sports Center.
-- 85
CITY OF CUPERTINO, CALIFORNIA
Capital Projects Funds
Combining Balance Sheet
June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
Assets
Cash and mvcsmaents
Accounts receivable
Total assets
Capital Stevens
Improvement Creek Creekside
Projects Boulevard Park
$ 1,583,313 $ 11,319 $ 228,324
$ 1,583,313 $ 11,319 $ 228,324
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Total liabilities
$ 84,369 $ $
84,369
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
385,943 11,319
1,113,001 228,324
1,498,944 11,319 228,324
$ 1,583,313 $ 11,319 $ 228,324
86
Library Senior Center Four Seasons Sports Center
Remodel Expansion Park Building
$ 86,973 $
Total
2000 1999
3,398,280 $ 390,172 $ 435,209 $ 6,133,590 $ 5,240,046
139,226
$ 86,973 $
3,398,280 $ 390,172 $ 435,209 $ 6,133,590 $ 5,379,272
_ $
$ 360,650 $ 494 $ $ 445,513 $ 271,544
360,650 494 $ 445,513 271,544
397,262 917,243
86,973 3,037,630 389,678 435,209 5,290,815 4,190,485
86.973 3,037,630 389,678 435,209 5,688,077 5,107,728
$ 86,973 $ 3,398,280 $ 390,172 $ 435,209 $
6,133,590 $ 5,379,272
_ 87
Intergovernmentul
Other
Expenditures:
C~pit~l outlay
Excess (deficiency) of revenues
over (under) expenditures
Other financing sources (uses):
Operating tTans fers in
Operating transfers out
Net other financing sources (uses)
Excess (deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
Fund balances, beginning of yea~
Fund balances, end ofyear
CITY OF CUPERTINO, CALIFORNIA
Capital Projects Fonds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiseal Year Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
Capilal Stevens
Improvement Creek
projects Boulevard
Creekside Library
Park Remodel
226,173 $ $ $
226,173
1,585,796 52,913 5,553 33,882
(1,359,623) (52,913) (5,553) (33,882)
2,700,699
2,700,699
1,341,076 (52,913) (5,553) (33,882)
157,868 64,232 233,877 120,855
1,498,944 $ 11,319 $ 228,324 $ 86,973
88
Senior Cenlcr Four Seasons Sports Cent~' To~als
Expansion Park Buildin8 2000 1999
$ $ $ 226,173 $ 131,206
13.723 13,723 311,333
13,723 239.896 442,539
1.167,294 7,017 2,852,455 7,165,084
(1,153,571) (7,017) (2,612,559) (6,722,545)
57,000 435,209 3,192,908 13,000,170
(2663~0)
57,000 435,209 3,192,908 12,733,820
( I. 153.57 ] ) 49,983 435,209 580,349 6,011,275
4. I c) 1.20 ] 339,695 5,107,728 {903,547)
3.037.630 $ 389,678 $ 435,209 $ 5,688,077 $ 5,107,728
89
CITY OF CUPERTINO, CALIFORNIA
Capital Improvement Projects Capital Projects Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash and inveslments
Accounts receivable
Total ~sc~
2000
1,583,313
1999
265,290
139,226
$ 1,583,313 $ 404,516
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Total liabilities
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
$ 84,369 $ 246,648
84,369 246,648
385,943
1,113,001
1,498,944
484,628
(326,760)
157,868
$ 1,583,313 $ 404,516
9O
CITY OF CLTERTI~O, CALIIK)RNI~
Capital Improvement Proj~ts Capital Projects F~md
Comparl~ve St~emems of Revenues, Expeadlmres
and Changes tn Fund Balances
For the Fiscal Years Ended June 30, 2000 and 1999
Intergovernmental
Other
Total revenues
Expendiuttes:
Capital outlay
Excess (deficiency) of revenues
over (under) expenditures
O~er fmancillg sources:
Operating transfers in
Operating transfers out
Net other financing sources. (uses)
Excess (deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
Fund balances, beginning of year
Fund balances, end of year
20OO
$ 226,173 $
226,173
1,585,796
(1,359,623)
2,700,699
2,700,699
1999
131,206
131,206
6,524,838
(6,393,632)
8,200,170
(266,350)
7,933,820
1,341,076 1,540,188
157,868 (1,382,320)
$ 1,498,944 $ 157,868
_ 91
CITY OF CUPERTINO, CALIFORNIA
Stevens Creek Boulevard Capital Projects Fund
Comparative Balance Sheets
For the Fiscal Years Ended June :30, 2000 and 1999
Cash and invesUnents
2O0O
1999
$ 11,319 $ 64,248
Liabilities and fund balances
Liabilities:
Accounts payable and accnmls
$ 16
Fund balances:
Reserved for encumbrances
Umeserved:
Undesignated
Total fund balances
Total liabilities and fund balances
11,319
11,319
63,477
755
64,232
$ 11,319 $ 64,248
92
CITY OF CUPERTINO, C~!.n~ORNIA
Stevens Creek Boulevard Capital Projects F~md
Comparative Statements of Revenues, Expenditures
and Changes ia F~md Balances
For the Fiscal Years Ended June ~0, 2000 and 1999
Expenditures:
Capital outlay
OperaUng w~nsfers in
Excess (deficiency) of other financing
sources over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
2OOO
1999
$ 52,913 $ 369,722
(52,913)
64,232
200,000
(169,722)
233,954
S 11,319 $ 64,232
93
CITY OF CUPERTINO, CALIFORNIA
Creekside Park Capital Projects Fund
Comparative Balance Sheets
For the Fiscal Years Ended June30, 2000 and 1999
Assets
Cash and investments
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Fund balances:
Reserved for encumbrances
Um'eserved:
Undesignated
Total fund balances
Total liabilities and fund balances
20OO
$ 228,324 $
228,324
228,324
$ 228,324
1999
235,031
1,154
233,877
233,877
$ 235,031
t~l-l-Y' OF CUPERTINO, C.&T.~ORNIA
Creek. side Park Capital Project Fund
Comparative Statements of Revenues, Expenditures
and Changes in Fund Balances
For the FiseaJ Years Ended June 30, 2000 and 1999
2000
Expenditures:
Capital outlay
Excess (defiency)of revenues
over (under) expenditures
Excess (deficiency) of other fin.ricing
sources over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
1999
$ 5,553 $ 10,942
(5,553)
(5,553)
233,877
(10,942)
(1o,942)
244,819
$ 228,324 $ 233,877
_ 95
CITY OF CUPERTINO, CALIFORNIA
Library Remodel Capital Projects Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash and mves~nents
2OO0
86,973
1999
$ 122.323
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
86,973
86,973
86,973
$ 1,468
7,400
113,455
120,855
$ 122.323
96
Revenues:
Other
CITY OF CUPERTINO, CALIFORNIA
Library Remodel Capital Projects Fund
Comparative Statements of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Years Ended June 30, 2000 and 1999
2000
1999
$ 68,333
Expenditures:
Capital outlay
Excess (defiency)of revenues
over (under) expenditures
Other fmancmg sources:
Operating lxansfers m
Excess (deficiency) of other financing
sources over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
33,882
(33,882)
(33,882)
120,855
47,478
20,855
100,000
120,855
$ 86,973 $ 120,855
97
CITY OF CUPERTINO, CALIFORNIA
Senior Center Expansion Capital Projects Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash and investmentS
2000
3,398,280
1999
4.213,459
Liabilities and fund balances
Liabilities:
AccountS payable and accruals
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
$ 360,650 $ 22,258
2,839,731 335,219
197,899 3,855,982
3,037,630 4,191,201
3,398,280 $ 4,213,459
98
Other
CITY OF CUPERTINO, C.4~LIFOR!~t~
Senior Center Expansion Capital Projec~ Fund
Comparative Statements of Revenue~ Expenditures
and Changes in Fund Balances
For the Fiscal Years Ended June 30, 2000 and 1999
2OOO
$ 13,723 $
1999
Expenditures:
Capimlouflay
Excess (defiency)of revenues
over (under) expenditures
Other financing sources:
Operating lransfers m
Excess (deficiency) of other financing
sources over (under) expenditures
Fund balances, beginning of year
Fund balances, end ofyear
1,167,294
(1,153,571)
(1,153,571)
4,191,201
208,799
(208,799)
4,400,000
4,191,201
$ 3,037,630 $ 4,191,201
- 99
CITY OF CUPERTINO, CALIFORNIA
Four Seasons Park Capital Projects Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash and investments
2000
390,172
1999
339,695
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
494
24,938 26,519
364,740 313,176
389,678 339,695
390,172 $ 339,695
100
Other
CITY OF CUPERTINO, CALIFORNIA
Four Seasons Park Capital Projects Fund
Comparative Statements of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Years Ended June 30, 2000 and 1999
2000 1999
$ $ 243,000
7,017 3,305
(7,017) 239,695
57,000 100,000
49,983 339,695
339,695
Expenditures:
Capital outlay
Excess (defiency)of revenues
over (under) expenditures
Other financing sources:
Opera,rig transfers m
Excess (deficiency) of other financing
sources over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
$ 389,678 $ 339,695
_ 101
CITY OF CUPERTINO, CALIFORNIA
Sports Center Building Capital Projects Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Cash and investments
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Fund balances:
Reserved for encumbrances
Um'~served:
Undesignated
Total fund balances
Total liabilities and fund balances
2000 1999
$ 435,209 $
435,209
435,209
435,209 $
102
CITY OF CUI'ERTINO, CALIFORNIA
Sports Center Building Capital Projects Fund
Comparative Statements of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Years Ended June 30, 2000 and 1999
2000 1999
$ $
Expenditures:
Capital outlay
Excess (defieney)of revenues
over (under) expenditures
Operating transfers in
Excess (deficiency) of other
sources over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
435,209
435,209
$ 435,209 $
-- 103
NOTES
104
ENTERPRISE FUNDS
The Enterprise Funds account for the acquisition, operation and maintenance of governmental
facilities in a manner similar to private enterprises, where the intent of the City is that the costs
(expenses, including depreciation) of providing goods and services to the general public on a
continuing basis be financed or recovered through user charges.
Resource Recovery - Accounts for activity related to the collection and disposal of solid
waste. A private company has been issued aa exclusive franchise to perform these
services.
Blackberry Farm - Accounts for activities related to operating the picnic area and golf
course.
Cupertino Sports Center - Accounts for the operation and maintenance of the Cupertino
Sports Facility.
Recreation Programs - Accounts for activities of the City's community center.
Senior Center - Accounts for the activities of the City's senior center.
105
CITY OF CUPERTINO, CALIFORNIA
Enterprise Funds
Combining Balance Sheet
Assets
Current assets:
Cash and mvesnnents
Accounts receivable
June 30, 2000
(With Comparative Totals for Fiscal Year Ended June 30, 1999)
Cupertino
Resource Blackben-y Sports
Recovery Farm Center
$ 3,815,937 $ 454,867$ 360,458
679,689 4,060
Total current assets
4,495,626 454,867 364,518
2,038 862,733 6,439
Fixed assets (net of accumulated
depreciation)
Total assets
$ 4,497,664 $ 1,317,600 $ 370,957
Liabilities and equity
Liabilities:
Current liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deposits
Deferred Revenues
Total current liabilities
Total liabilities
Equity:
Retained earnings
Total equity
Total liabihties and equity
$ 1,603,847 $ 85,577 $ 34,273
4,804 121,600 11,297
182,574
64,869
1,608,651 389,751 110,439
1,608,651 389,751 110,439
2,889,013 927,849 260,518
2,889,013 927,849 260,518
4,497,664 $ 1,317,600 $ 370,957
106
Recreation Senior To~als
Programs Center 2000 1999
575,635 $ 288,224 $ 5,495,121$ 3,462,153
20,993 704,742 311,856
596,628 288,224 6,199,863 3,774,009
871,210 934,276
596,628 $ 288,224 $ 7,071,073 $ 4,708,285
26,155 $ 1,908. $ 1,751,760 $ 292,291
25,155 16,127 178,983 158,931
182,574 157,627
430,867 495,736 495,736
482,177 18,035 2,609,053 1,104,585
482,177 18,035 2,609,053 1,104,585
114,451 270,189 4,462,020 3,603,700
114,451 270,189 4,462,020 3,603,700
596,628 $ 288,224 $ 7,071,073 $ 4,708,285
107
CITY OF CUPERTINO, CALIFORNIA
Enterprise Funds
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Year Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
Cup~ctino
Resource Blackberry Sports
Recovery Farm Center
Charges for s~ices
Other
Total operating revenues
2,425,122 $ 1,467,368 $ 963,280
109,687 61,009
2,425,122 1,577,055 1,024,289
Operating expenses:
Salaries and benefits
Materials and supplies
Conwactual services
Drpreciation
Total operating expenses
Operating income (loss)
105,191 699,021 149,769
2,214 312,115 129,708
1,552,253 265,281 670313
600 86~10 5,500
1,660,258 1363,327 955,290
764,864 213,728 68,999
158,224 19,240 36~98
158,224 19,240 36,998
923,088 232,968 105,997
Non-operating revenues (expenses):
Interest income
Net nonoperating revenues (expenses)
Income (loss) before operating transfers
Operanng n-aris lets:
Operating transfers in
Operating transfers out
Net operating transfers
Net income (loss)
Retained earnings ~s restated, beginning of year
Retained earnings, end of year
(175,000) (435,209)
(175,000) (435,209)
923~88 57~68 (329,212)
1~65,925 869,881 589,730
2,889,013 $ 927,849 $ 260,518
108
Recreation Senior Totals
Programs Center 2000 1999
1,589,816 $ 478,778 $ 6,924,364 $ 5,729,847
1237 3,099 175,032 150211
1,591,053 481,877 7,099,396 5,880~58
354,678 47,725 1,356,384 1,351,116
165,417 383,574 993,028 804,644
790,792 6,902 3,285~41 3,281263
93,010 91,181
1,310,887 438,201 5,727,963 5,528~04
280,166 43,676 1,371,433 351,854
18,111 14,523 247,096 173,648
18,111 14,523 247,096 173,648
298~77 58,199 L618,529 525,502
440,000
(75.000) (75.000) (760~09) (475.000)
(75,000) (75.000) (760.209) (35.000)
223~77 (16,801) 858520 490,502
(108,826) 286,990 3,603,700 3,113,198
114,451 $ . 270,189 $ 4,462,020 $ 3,603,700
109
CITY OF CUTERTINO, CAL~I~ORNL~
Enterprise Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2000
(With Comparative Totnis for fiscal year ended June 30, 1999)
CuperUno
Resotuce Blackberry Sports
Recovery Farm Center
Cash flows from operating activities:
Cash received from customers
Cash payments to supphers
for goods and services
Cash payments to employees
Net cash provided (used) by operaling activities
Cash flows from noncapital financing activities:
Operating transfers m
Operating transfers out
Net cash provided (used) by
noncapital finsncmg activities
Cash flows from capital and related
financinff activities:
Purchase of fixed assets
Net cash provided (used) by capital
and related flnancmg activities
Cash flows provided by mveslmg ~ctivities:
lmerest received
Net cash provided by investing ~ctivities
Net increase (decrease) m cash and investments
Cash and mvesUnents, beginning of year
Cash and investments, end of year
2,051,228 $ 1,602,002 $ 1,026,289
(90,91M) (567,127) (809,734)
(105,191) (699,021) (149,769)
1,855,053 335,854 66,786
(175,000) (435,209)
(175,000) (435,209)
(29,944)
(29,944)
158,224 19,240 36,998
158,224 19,240 36,998
2,013,277
1,802,660
3,815,937
150,150 (331,425 )
304,717 691,883
$ 454,867 $ 360,458
110
Recreation Senior Totals
Programs Center 2000 1999
1,544,797 $ 481,877 $ 6,706,193 $ 6,444,522
(917,922) (388,017) (2,773,784) (4,158,526)
(354,678 ) (47,725) ( 1,356,384) ( 1,351,116)
272,197 46,135 2,576,025 934,880
440,000
(75,000) (75,000) (760,209) (475,000)
(75,000) (75,000) (760,209) (35,000)
(29,944) (216,123)
(29,944) (216,123)
18,111 14,523 247,'096 173,648
18,111 14,523 247,096 173,648
215,308 (14,342) 2,032,968 857,405
360,327 302,566 3,462,153 2,604,749
575,635 $ 288,224 $ 5,495,121 $ 3,462,1.54
(c~ntinu~)
_ 111
CITY OF CUPERTINO, CALIFORNIA
Enterprise Funds
Combining Statement of Cash Flows
(continued)
For the Fiscal Year Ended June 30, 2000
(With Comparative Totals Totals for fiscal year ended June 30, 1999)
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Opcrating income (loss)
Cupertino
Resource Blackberry Sports
Recovery Farm Center
764,864 $ 213,728 $ 68,999
Adjusmaents to reconcile operating income (loss)
to net cash provided (used) by operating activities:
Depreciation 600
Decrease (increase) m accounts receivable (373,893)
Increase (decrease) m accounts payable and accruals 1,461,289
Increase (decrease) in accrued sick leave and vacation 2,193
Increase (decrease) m deposits
86,910 5,500
2,000
421 (13,881)
9,848 4,168
24,947
Total adjuslments
Net cash provided (used) by operating activities
1,090,189 122,126 (2,213)
$ 1,855,053 $
335,854 $ 66,786
112
Recreation Senior Totals
Programs Center 2000 1999
$ 280,166 $
43,676 $ 1,371,433 $ 847,590
(20,993)
12,446
578
93,010 91,181
(392,886) (19,166)
(806) 1,459,469 (144,478)
3,265 20,052 71,857
24,947 87,896
(7.969) 2,459 1,204,592 87,290
272.197 $
46,135 $ 2,576,025 $ 934,880
_ 113
CITY OF CUPERTINO, CALIFORNIA
Resource Recovery Enterprise Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
CmTent assets:
Cash and investments
Accounts receivable
Fixed assets (net of accumulated
depreciation)
Total assets
Liabilities and equity
Liabilities:
Currem liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Total current liabilities
$
$
2000
3,815,937
679,689
4,495,626
2,038
4,497,664
1,603,847
4,804
$
$
1999
1,802,660
305,796
2,108,456
2,638
2,111,094
142,558
2,611
1,608,651 145,169
2,889,013 1,965,925
4,497,664 $ 2,111,094
Equity:
Retained earnings
Total liabilities and equity
114
CITY OF CUI~ERTI~O, C.~LXI~OP..NIA
ResouFce Reeovery Enterprise Fund
Comparative Smements of Revenues, Expeme~
and Changes in Retained Em'ntn~
For the Fis~l Years Ended June 30, 2000 and 1999
Operating revenues:
Cluttges for services
Other revenues
Total operating revenue
Operating expenses:
Salaries and benefits
Materials and supplies
Contractual services
Depreciation
Total operating expenses
Operating income
Non-operating revenues (expenses):
Interest income
Total nonoperating revenues (expenses)
Retained earnings, beginning of year
Retained earmngs, end of year
20OO
S 2,425,122
105,191
2,214
1,552,253
6OO
1,660,258
7~,8~
158,2~
158224
923,088
1,965,925
1999
2,314,355
1,231
2,315,586
93,969
2,022
1,765,989
731
1,862,711
452,875
89,639
89,639
542,514
1,423,411
$ 2,889,013 $ 1,965,925
-- 115
(~J:l -I OF CUPERTINO, CAT,TIN~I/NIA
Resource Recovery Enterprise Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2000 and 1999
Cash flows from operating activities:
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees
Net cash provided (used) by operating activities
Cash flows provided by investing activilies: Interes~ received
Net increase (decrease) in cash and invesUnents
Cash and invesUnents, beginning of year
Cash and invesunents, end of year
200O
2,051,228
(90,984)
(105,191),
1,855,053
158,224
2,013,277
1,802,660
$ 3,815,937
1999
2,298,538
(1,870,154)
(93,969)
334,415
89,639
424,054
1,378,606
$ 1,802,660
Reconciliation of operating income Ooss) to net cash
provided (used) by operating activities
Operating income (loss)
Depreciation
Decrease (mcrease) inaccotmtsreceivable
Increase (decrease)inaccounts payable aadaccraals
Increase (decrease)inaccuredsick leave andvacation
To~al adjusmaents
Net cash provided (used) by. operating activities
$ 764,864 $ 452,875
600
(373,893)
1,461,289
2,193
731
(17,047)
(104,755)
2,611
1,090,189 (118,460)
1,855,053 $ 334,415
116
CITY OF CUPERTINO, CALIFORN]~
Blackberry Farm Enterprise Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Current assets:
Cash and investments
2000
1999
$ 454,867 $ 304,717
Total current assets
Fixed assets (net of accumulated
depreciation)
Total assets
Liabilities and equity
Liabilities:
Current liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deposits
Total current liabilities
Equity:
Retained earnings
454,867
862,733
1,317,600
85,577
121,600
182,574
389,751
927,849
304,717
919,699
1,224,416
85,156
111,752
157,627
354,535
869,881
Total liabilities and equity
$ 1,317,600 $ 1,224,416
-- 117
ClTY OF CUPERTINO, C,~Ln~O1/.NI~
Blackberry Farm Enterprise Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended June 30, 2000 and 1999
Charges for services
Other
Total operating revenue
Operaling expenses:
Salaries and benefits
Materials and supplies
Con~racmal services
Depreciation
Tolal operating expenses
Operating income (loss)
Non-operanng revenues (expenses):
Interest income
Net nonoperaUng revenues (expenses)
Income (loss) before operaling Iransfers
Net operating txansfcrs
Net income (loss)
Retained earnings, beginning of year
Retained earnings, end of year
2OOO
1,467,368
109,687
1,577,055 ,,,
699,021
312,115
265,281
86,910
1,363,327
213,728
19,240
19,240
232,968
(175,000)
(175,000)
57,968
869,881
927,849
1999
.1,365,404
89,216
1,454,620
689,225
265,119
192,800
74,075
1,221,219
233,401
29,437
29,437
262,838
(150,000)
(15o,ooo)
!12,838
757,043
869,881
118
CITY OF CUPERTINO~ CALIFORNIA
Blackberry Ftrm Enterprise Fand
Comparative StatemenU of Cash Flows
For the Fiscal ¥cars Ended June 30, 2000 and 1999
Cash flows from operating activities:
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees
cash provided (used) by opar~ng acUvities
Cash flows from noncapital financing activities:
Operating transfers out
Net cash provided (used) by noncapital financing activities
Cash flows from capital and related
financing activities:
Purchase of fixed assets
Net cash provided (used) by capital and related activities
Cash flows provided by invesnng activities:
Interest received
Net increase (decrease) in cash and investments
Cash and investments, beginning of year
ash and invesm~epts, end of year
2000
1999
1,602,002 $ 1,543,707
(567,127) (460,04.0)
(699,021) (689,225)
335,854 394,442
(175,000) (150,000)
(175,000) (150,000)
(29,944) (216,123)
(29,944) (216,123)
19~40 29A37
150,150 57,756
304,717 246,961
$ 454,867 $ 304,717
ReconcJlinflon of operating income (loss) to net cash
provided (used) by operating activities
Operanng income (loss)
AdJustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation
Decrease (increase) in accounts reCmvable
Increase (decrease) in accounts payable and aceruals
Increase (decrease) in accured sick leave and vaCanon
Increase (decrease) in deposits
Total adjusm~ents
Net cash provided (used) by operating acOvifies
. $ 213,728
86~10
421
9,848
24,947
122,126
$ 233,401
74,075
1,191
(39,525)
37,404
87,896
161,041
$ 335,854 $ 394,442
-- 119
CITY OF CUPERTINO, CALIFORNIA
Cupertino Sports Center Enterprise Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Current assets:
Cash and mves~nents
Accounts receivable
Total current assets
Fixed assets (net of accumulated
depreciation)
Total assets
Liabilities and equity
Liabilities:
Current liabilities:
Accouats payable and accruals
Accrued payroll and benefits
Deferred Revenue
Total current liabilities
$
$
2000
360,458
4,060
364,518
6,439
370,957
34,273
11,297
64,869
110,439
$
$
1999
691,883
6,060
697,943
11,939
709,882
48,154
7,129
64,869
120,152
Equity:
Retained earnings
Total liabilities and equity
260,518
589,730
$ 370,957 $ 709,882
120
CITY OF CUPERTINO, CALIFORNIA
Cupertino Sports Center Enterprise Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended June 30, 2000 and 1999
Charges for services
Total operating revenue
Operating expenses:
Salaries and benefits
Materials and supplies
Contracuml services
Depreciation
Total operating expenses
Operating income (loss)
Non-operating revenues (expenses):
Total nonoperating revenues (expenses)
Income (loss) before operating transfers
Opera~mg ~'ansfers:
Operating ~xansfers in
Operating transfers out
Net operating transfers
Net income (loss)
Retained earnings as restated, beginning of year
Retained earnings, end of year
2000
$ 963,280
- 61,009
1999
737,688
56,800
1,024,289 794,488
149,769 141,507
129,708 88,041
670,313 635,096
5,500 16,375
955,290 881,019
68,999 (86,531)
36,998 24,724
36,998 24,724
105,997 (61,807)
440,000
(435,209) (75,000)
(435,209) 365,000
(329,212) 303,193
589,730 286,537
260,518 $ 589,730
121
cl'l Y OF CUPERTINO, CALIFORNIA
Cupertino Sper~ Center Enterprise Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2000 and 1999
Cash flows from operating activities:
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees
Net cash provided (used) by operating activities
Cash flows from noncapital financing activities:
Operating transfer~ m
Opera~ng mmsfers out
Net cash provided by noncapital
financing activities
Cash flows provided by investing activities:
Interest received
Net increase (decrease) m cash and investments
Cash and investments, beginning of yea~
Cash and investments, end of year
2000
1,026,289
(809,734)
(149,769)
66,786
(435,209)
(435,209)
36,998
(331,425)
691.883
$ 360,458
1999
856,046
(699,915)
(141,507)
14,624
440,000
(75,000)
365,000
24,724
404,348
287,535
$ 691,883
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Operanng income (loss)
$ 68,999 $ (21,662)
Adjustments to reconcile operating incom~ (loss) to
net cash provided (used) bY operating activities:
Depreciation
Decrease (increase) m accounts receivable
Increase (decrease) m accounts payable and accruals
Increase (decrease) m accured sick leave and vacation
5,500
2,000
(13,881)
4,168
Total adjustments
(2,213)
Net cash provided (used) by opera,rig activities
16,375
(3,310)
19,228
3993
36,286
$ 66,786 $ 14,624
122
CITY OF CUPERTINO, CALIFORNIA
Recreation Progrants Enterprise Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Current assets:
Cash and investments
Accounts Receivable
Total Current Assets
2000
$ 575,635
20,993
596,628
1999
$ 360,327
360,327
Liabilities and equity
Liabilities:
Current liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deferred Revenue
Total current liabilities
26,155
25,155
430,867
13,709
24,577
430,867
482,177 469,153
114,451 (108,826)
596,628 $ 360,327
Equity:
Retained eammgsasrestated
Total liabilities and equity
_ 123
CITY OF CUPERTINO, CALIFORNIA
Recreation Programs Enterprise Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended June 30, 2000 and 1999
Operating revenues:
Charges for services
Operating expenses:
Salaries and benefits
Materials and supplies
Contxactual services
Total operating expenses
Operating income (loss)
Non-operating revenues (expenses):
Interest income
Total nonoperafng revenues (expenses)
Income (loss) before operating transfers
2000
$ 1,591,053 $
354,678
165,417
790,792
1,310,887
280,166
18,111
18,111
298,277
(75,000)
(75,000)
223,277
(108,826)
1999
978,739
372,928
147,928
687,228
1,208,084
(229,345)
13,679
13,679
(215,666)
(250,000)
(250,000)
(465,666)
356,840
Operating transfers:
Operating ~xansfers out
Net operating transfers
Net Income (loss)
Retained earnings as restated, beginning of year
Retained earnings, end of year
$ 114,451 $ (108,826)
124
CITY OF CUPERTINO, CALI~O~
Recreatioo Programs Eoterprise Fuod
Comparative St~lemeats of Cash Flows
For the Fiscal Years Ended June ~0, 2000 and 1999
Cash flows from operating activities:
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees
Net cash provided (used) by operating activities
Cash flows from noncapital financing activities:
Operating Transfers out
Cash flows provided by mvesling activities:
Interest received
Net increase (decrease) m cash and mvesu~ents
Cash and investments, beginning of year
Cash and investments, end of yeax
2000
1,544,797
(917,922)
(354,678)
272,197
(75,OO0)
1999
1,409,606
(830,221)
(372,928)
206,457
(250,0OO)
18,111 13,679
215,308 (29,864)
360,327 390,191
$ 575,635 $ 360,327
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Operaung income (loss)
Adlustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Decrease (increase) in accounts receivable
Increase (decrease) in accounts payable and accn,al~
Increase (decrease) in acgured sick leave and vacation
Total adjusla~ents
Net cash provided (used) by operat~g activities
$ 280,166 S 201,522
(20,993)
12,446
578
(7,969)
(19,642)
24,577
4,935
$ 272,197 $ 206,457
125
CITY OF CUPERTINO, CAlIFORnIA
Senior Center Enterprise Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Current assets:
Cash and investments
Liabilities and equity
Liabilities:
Current liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Total liabilities
2000
288,224
1999
302,566
1,908 $ 2,714
16,127 12,862
18,035
270,189
15,576
286,990
Equity:
Rcmined earnings
Total liabilities and equity
$ 288,224 $ 302,566
126
(~1'1'~ OF CUPERTINO, C,
Senior Center Enterprise Fund
Comparative Statements of Revenues, Expenses
and Cbun~es in Retained
For the Fiscal Years Ended June 30, 2000 and 1999
Ol~rating revenues:
Charges for services
Other revenues
To~l opera,rig revenue
Operating expenses:
Salves and benefits
Iviateriais and supplies
Contractual services
Total opera,rig expenses
Operating income (loss)
Non.operatin8 revenues (expenses):
Income (loss) before op~rdting ~ansfe~s
Operatm8 mmsfers:
Opcr~nn§ u-amfers out
Net income (loss)
Reuifled earnings, beglnnin$ of ycar
Retained em'flings, end ofyc~
20OO
478,778
3,099
481,877
47,725
383,574
6,902
438,201
43,676
14,523
58,199
(75,ooo)
(1~8Ol)
286,990
270,189
1999
333,661
2,964
336,625
53,487
301,534
150
355,171
(18,546)
16,169
(2,377)
(2,377)
289,367
286,990
127
crf¥ OF CUPERTINO, CALIFORNIA
Senior Center Enterprise Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2000 and 1999
Cash flows from operating activities:
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees
Net cash provided (used) by operating activities
Cash flows from noncapital financing activities:
Operating l~msfer~ m
Cash flows provided by investing activities: Interest received
Ne! increase (decrease) in cash and investments
Cash and investments, beginning of year
Cash and investments, end of year
2OOO
1999
481,876 $ 336,625
(391,281) (298,197)
(44,460) (53,487)
46,135
(75,000)
14,524
(14,341)
302,566
(15,059)
16,169
1,110
301,456
$ 288,224 $ 302,566
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Operating income (loss)
43,676 $ (18,546)
(8o6) 215
3,265 3,272
2,459 3,487
AdjusUnents to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Increase (decrease) in accounts payable and acc~!s
Increase (decrease) in accured sick leave and vacation
Total adj~unents
Net cash provided (used) by operating activities
46,135 $ (15,059)
128
iNTERNAL SER VICE FUNDS
The Internal Service Funds are used to account for the financing of goods or services provided by
one department to other depax~tments of the City on a cost reimbursement basis.
Management Information Systems - Accounts for the activities related to the maintenance
and replacement of the City's technology infrasl~ucture.
Workers' Compensation - Accounts for the activities in support of the self-insured
workers' compensation program.
Equipment Revolving - Accounts for the activities related to thc maintenance and
replacement of the City's vehicle fleet.
Long-Term Disability - Accounts for the activities related to the City's program for long
term disability.
129
CITY OF CUPERTINO, C.~.n~ORNIA
Internal Service Funds
Combining Balance Sheet
June 30, 2000
(With Comparative Tomb for fiscal year ended June 30, 1999)
Management
Ixfforn~l~on Workers'
Systems Compensation
Revolving
Assets
Curr~nt:
Cash and investments
Accounts receivable
Other assets
$ 455,142 $ 985,195 $
1,487
38,283
Total current assets
455,142 985,195 39,770
Fixed assets (net of accumulated
depreciation)
Total assets
381,826
1,473,184
$ 836,968 $ 985,195 $ 1,512,954
Liabilities and equity
L~abilities:
Accounts payable and accruals
Accrued payrnlland benefits
Total liabilities
Equity:
('ontnbuted capital
Retained earnings
Total equity
Total liabilities and equity
$ 16,873$ 335,272 $ 11,614
7,981 6,427
24,854 335,272 18,041
812,114 649,923
382,283
1,112,630
812,114 649,923 1,494,913
836,968 $ 985,195 $ 1,512,954
130
Long-Term Totals
Disability 2000 1999
$ 40,076 $
1,480,413 $ 1,270,535
1,487 249
38,283 72,115
40.076 1,520,183 1,342,899
1,855,010 1,618,336
$ 40.076 $ 3,375,193 $ 2,961&35
$ $ 363,759 $ 415,323
14,408 12,834
378,167 428,157
382,283 382,283
40,076 2,614,743 2,150,795
40,076 2,997,026 2,533,078
$ 40,076 $ 3,375,193 $ 2,961,235
131
~ri ~ OF CI~ERTINO, CALIFORNIA
lmernsl Service Funds
Combining Statement of Revenues, Expenses
and CbanEes Jn Rettined Earnings
For the Fisct] year Ended June 30, 2000
O,Vith Comptrttive Totals for fbctl yetr ended Juae 30, 1999)
Charses for services
Total operating revenues
Operating expenses:
Salaries and benefils
Matanals and supplies
Depreciation
Total uperating expenses
Operating income (loss)
Nonoperating revenues (experLses):
Interest income
Other
Income floss) before uperatin8
Opcraung transfers in
Net ~ncome (loss)
Re~a~ned earnings, beglrmin8 of year
Rctmncd ¢arninss, end of year
Information Workers' Equipment
Systems Compensation Revolving
$ 609.580 $ 131,551 S 710,900
609,580 131,551 710,900
203,511 14,501 191,289
178,430 160,808
122,731 10,993 85,372
92,101
193,274 283,171
697.946 I 17.595 720,640
(88.366) 13.956 (9,740)
19,209 50,044 88
19.209 50,044 88
(69,157) 64,000 (9,652)
215,152 260.123
215,152 260,123
145,995 64,000 250,471
666,119 585,923 862,159
812,114 $ 649,923 $ 1,112,630
132
Long-Term Totals
Disability 2000 1999
58.940 $ 1,510,971 S 1.221.227
58,940 1,510.971 1,221 .227
409,301 310,788
339.238 189,855
219,096 205,384
57.520 149,621 230,051
476.445 395,717
57.520 1,593,701 1.331,795
1.420 (82.730) (110,568)
2.062 71,40-3 57,825
71.223
2.062 71,403 129.048
3.482 ( I 1.327) 18,480
401,000
401,000
475.275
475.275
3.482 463.948 419.480
36.594 2,150,795 1,731,315
40.076 $ 2.614,743 $ 2.150.795
133
CITY OF CUPERTUNO, C~I.n~ORNLA
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June g0, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
Cash flows fi.om operating activities:
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees
Net cash provided (used) by operating activities
Cash flows fi.om noncapilal financing activities:
Operating transfer m
Net cash provided (used) by noncapitnl fin.ncnig activities
Cash flows from capital and related f'mancing activities:
Purchase of f'Lxed assets
Net cash used by capital and related financing activities
Cash flows provided by investing activities:
lmerest received
Net cash provided by investing activities
Menagement
Izffon~ation Workers' Equipment
Systems Compensation ' Revolving
609,829 $ 131,551 $ 777,262
(350,741) (102,980) (239,972)
(203,420) (14,501) (189,806)
55,668 14,070 347,484
215,152 260,123
215,152 260,123
(134,969) (620,473)
(134,969) (620,473)
19,209 50,044 88
19,209 50,044 88
155,060 64,114 (12,778)
300,082 921,081 12,778
Net increase (decrease) in cash and investments
('ash and invesmtents, beginning of year
Cash and inveslments, end of yea.r
$ 455,142 $ 985,195 $
134
Long-term Totals
Disabiliw 2000 1999
58,940 $ 1,577,582 S 1,220,978
(57,520) (751,213) (568,237)
(407,727) (321,094)
1,420 418,642 331,647
475,275 401,000.
475,275 401,000
(755,442) (946,175)
(755,442) (946,175)
2.062 71,403 57,825
2.062 71,403 57,825
3,482 209,878 (155,703)
$
36.594 1,270.535 1,426,238
$ 40.076 $ 1,480,413 1,270,535
135
CITY OF CUPERTINO, C.~LfI~ORNIA
Internal Service Funds
Combining Statement of Cash Flows
(continued)
' For the Fiscal Year Ended June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Operating income (loss)
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation
Decrease (increase) in other assets
Decrease (m~rease) in accounts receivable
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accrued payroll and benefits
Total adjus~nents
Net cash provided (used) by operating activities
Management
Information Workers' Equipment
Systems Compensation Revolving
$ (88,366) $ 13,956 $ (9,740)
193,274 283,171
4,266
249 66,362
(53,846) 114 6,208
91 1,483
144,034 114 357,224
$ 55,668 $ 14,070 $ 347,484
136
Long-term
Disabili~7
~tals
2000 1999
1,420 $ (82,730) $ (110,5685,
1,420
476,445 395,71'7
4,266 (1,300)
66,611 (249)
(4?,524) 58,353
1,574 (10,306)
501,372 442,215
418,642 $ 331,647
137
CITY OF CUPERTINO, CALIFORNIA
Management Information Systems Internal Service Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Assets
Current:
Cash and investments
Accounts receivable
Other assets
Total current assets
Fixed assets (net of accumulated
depreciation)
Total assets
2OOO
$ 455,142
1999
Liabilities and equity
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Total Liabilities
Equity:
Retained earnings
Total equity
Total liabilities and equity
$ 300,082
249
4,266
'455,142 304,597
381,826 444,171
836,968 $ 748,768
$ 16,873 $ 74,759
7,981 7,890
24,854
812,114
812,114
$ 836,968
82,649
666,119
666,119
$ 748,768
138
CITY OF CUPERTINO, CALIFORNIA
Management Information Systems Internal Service Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended .Iune 30, 2000 and 1999
Opcmling revenues:
Charges for services
Total operaling reYenues
Opcra~ing expenses:
Salaries and bencfiu
Materials and supplies
Conlracmal services
Depreciation
Total opcraling expenses
Opcraling income (loss)
Nonoperating revenues:
Intercs! income
Other
To~al nonoperanng revenues (expenses)
Income {loss) before operaling wansfers
Opcranng ~ransfers:
Operating wansfers in
Nc! income (loss)
Rclained earnings, beginnin_~ of year
Retained canUngs, end of year
2OOO
609,580
609,580
203,511
178330
122,731
193,274
697,946
(88,366)
19,209
19,209
(69,157)
215,152
145,995
666,119
$ 812,114
1999
391,328,
391,328
148,614
60~47
105,131
153364
467356
(76,128)
3,522
(3,44S)
74
(76,054)
358,000
281,946
384,173
666,119
139
CITY OF CUPERTINO, CALIFORNIA
Management lnformoflon Systems interasl Service Fund
Comparative Statementa of Cash Flows
For the Fbeal Years Ended June 30, 2000 and 1999
Cash flows from operating activities:
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees
Net cash provided (used) by operating ac~vities
Cash flows from noncapital financing activities:
Oprrating Iransfers in
Cash flows from capital and related
financing activities:
Purchase of fixed assets
Net cash used by capilal
and related financing activities
Cash flows provided by investing aclivities:
Interest received
Net increase (decrease) in cash and investments
Cash and ~nvestrnents, beginning of year
( ash and investments, end of year
2000
1999
609,829 $ 391,079
(350,741) (115,059)
(203,420) (140,724)
55,668
215,152
(134,969)
(134,969)
19,209
155,060
300,082
Operatmg income (loss)
135,296
358,0OO
(379,285)
(379285)
3,522
117,533
182,549
$ 455,142 $ 300,082
Reconciliation of operating income (lass) to net ctsh
provided (used) by operating activities
Adjustments to reconcile operating mcome (loss) to
net cash provided (used) by operating activities:
Depres]ation
Decrease (increase) in accounts receivable
Decrease (increase) in other assets
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accured sick leave and vacation
$ (88,366) $ (76,128)
193'274
249
4,266
(53,846)
91
153,464
(249)
(1,3oo)
51,619
7,890
140
Total adjustments
Net cash provided (used) by operating activities
144,034 211,424
55,668 S 135,296
Assets
Current:
Cash and investments
Liabilities and equity
Liabilities:
Accounts payable and accruals
Equity:
Retained earnings
Total liabilities and equity
CITY OF CUPERTINO, CALIFORNIA
Workers' Compensation Internal Service Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
2000
1999
$ 985,195 $ 921,081
$ 335,272,
649,923
335,158
585,923
$ 985,195 $ 921,081
141
CIT~ OF CUPERTINO, CALIFORA'IA
Workers' Compensation Internal Ser~ce Fund
CompaFative SUtements of Revenues, E~penses
and Chanses in Retained Earnings
For the Fiscal Years Ended June 30, 2000 and 1999
Charges for services
Total operating revenues
Operatin8 expenses:
Salaries and benefits
Contractual services
Insurance and claims
Total operating expenses
Operating income (loss)
Nonoperatmg revenues (expenses):
Total nonoperatmg revenues
Net income (loss)
Retained earnings, beginnin§ of year
Retained earnings, end of year
2OO0
1999
$ 131,551 $ 118,856
131,551
14,501
10,993
92,101
117,595
13,956
50,044
50,044
64,000
585,923
118,856
6,830
5,780
174,337
186,947
50,351
50,351
(17,740)
603,663
$ 649,923 $ 585,923
142
~ OF C~ER~O, C,~a,wORNIA
Workers' Compensation Internal Service Fund
Comparative Statements of Cash FJows
For the Fiscal Years Ended June 30, 2000 tnd 19~
Cash flows from opcraling activities:
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees
Net cash provided (used) by operating aclivities
Cash flows provided by investing activilies: Interest received
Net increase (decrease) m cash and mveslments
Cash and investments, beglnnins of year
Cash and investments, end of year
2000
131,551
(102,980)
(14,501)
14,070.
50,044
64,114
921,081
$ 985,195
1999
118,856
(170,495)
(6,830)
(58,469)
50,351
(S,US)
929,199
$ 921,081
Reconciliation of operating income Oces) m net cash
provided (used) by operating activities
Operaung income (loss)
$ 13,956 $ (68,091)
Adlus~'nents to reconcile opera6ng income (loss) to
net cash provided (used) by operating activities:
Increase (decrease) in accounts payable and accruals
114
114
Total adjustments
Net cash provided (used) by operaling activities
9,622
9,622
$ 14,070 $ (58,469)
143
CITY OF CUPERTINO, CALIFORNIA
Equipment Revolving Internal Service Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
Current:
Cash and investments
Other assets
Total current assets
Fixed assets (net of accumulated
depreciation)
Total assets
2000
1999
$ $ 12,778
38,283 67,849
38,283
1,473,184
80,627
1,174,165
$ 1,511,467 $ 1,254,792
Liabilities and equity
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Total Liabilities
Equay:
Contributed capital
Retained earnings
11,614 $ 5,406
6,427 4,944
18,041 10,350
382,283 382,283
1,112,630 862,159
1,494,913 1,244,442
1,512,954 $ 1,254,792
Total equity
Total liabilities and equity
144
CITY OF CUPERTINO, CAI.,ffORNIA
Equipment Revolving Internal Service Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended June 30, 2000 and 1999
Operating revenues:
Charges for services
Total operating revenues
Operating expenses:
Sala~es and benetits
Matex'ials and supplies
Con.actual serWces
Depreciation
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):
Other
Net nonopcratmg revenues
Income (loss) before operating Uznsfers
Operating ~zansfers:
Op~ralli~g ~ransfers in
N¢~ income (loss)
Renamed earnings, beginning of ycaf
Returned eanUngs, end of yea~
20O0
$ 710,900
710,900
191,289
160,808
85,372
283,171
720,640,.
(9,740)
88
88
(9,652)
1999
657,350
657,350
155~44
129,608
94,473
242,253
621,678
35,672
1,067
74,671
75,738
111,410
260,123 43,000
250~71 154,410
862,159 707.749
1,112,630 $ 862,159
145
CI'IY OF CUPERTINO, C~!.lVORNIA
Equipment Revolving Internal Service Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2000 and 1999
Cash flows from operating activities:
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees
Net cash provided (used) by operating activities
Cash flows from noncapital financing activities:
Operatig ~xunsfers m
Net cash used by noncapital ~nancing activities
Cash flows from capital and related f~,~.,~cmg activities:
Purchase of fixed assets
Cash flows provided by investing activities:
Interest received
Net increase (decrease) in cash arid mves~neats
Cash and investments, beginning of year
and ~nvestments, end of year
2000
Reconciliation of operating income 0oss) to net cash
provided (used) by operating activifle~
Operaung income (loss)
Adjustments to reconcile operating income (loss) to
net cash provided (used) by opemtig activities:
Depreciation
Decrease (increase) in accounts receivable
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accured sick leave and vacation
Total adjustments
Net cash provided (used) by operating activities
146
777,262
(239,972)
(189,806)
347,484
260,123
260,123
(620,473)
88
(12,778)
12,778
(9,740)
283,171
66,362
6,208
1,483
357,224
347,484
1999
657.350
(226,969)
(173,540)
256,841
43,000
43,oo0
(566,890)
1,067
(265,982)
278,760
12,778
(35,672)
242,253
(2,SS8)
(18,196)
221,169
256,841
Assets
Current:
Cash and invesUnants
Liabilities and equity
Equity:
Retained earnings
Tomleqmty
Total liabilities and equity
CITY OF CUPERTINO, CALIFORNIA
Long-Term Disability Internal Service Fund
Comparative Balance Sheets
For the Fiscal Years Ended June 30, 2000 and 1999
2000
40,076
40,076
40,076
40,076
1999
36,594
36,594
36,594
36,594
147
Operating revenues:
Charges for services
Operating expenses:
Insurance and claims
Operating income (loss)
Nonope~ati~g revenues (expenses):
interest income
Total nonoperatmg revenues
Net income (loss)
Retained earnings, beginnlng of year
Retained earnings, end of year
CITY OF CUI'ERTI~IO, CALIFORNIA
Long-Term Disability Internal Service Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended ,lane 30, 2000 and 1999
2000 1999
$ 58,940 $ 53,693
57,520 55,714
1,420 (2,021)
2,062 2,885
2,062 2,885
3,482 864
36,594 35,730
$ 40,076 $ 36,594
148
CITY OF CIRgRTI~O,
Long-Term Disability Internal Serviee Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2000 and 1999
Cash flows from operating activities:
Cash received f~om customers
Cash payments to suppliers for goods and services
Net cash provided (used) by operating activities
Cash flows provided by investing activities: Interest received
Net increase (decrease) in cash and investments
Cash and investments, beg~'nnin§ of year
Cash and invesm~ents, end of year
2OOO
58,940
(57,520).
1,420
2,062
3,482
36,594
40,076
1999
53,693
(55,714)
(2,021)
2,885
864
35,730
36,594
Reconciliation of operoflng income Ooss) to net eash
' provided (used) by operating activities
1,420 $ (2,021)
Operating income (loss)
Net cash provided (used) by operating activities
1,420 $ (2,021)
149
NOTES
150
FID UCIAR Y FUNDS
Fiduciary Funds include all agency funds which account for assets held by the City as an agent
for individuals, private organizations, other governmental units and/or other funds.
AGENCY FUNDS
Agency funds are custodial in nature and do not involve measurement of results of operations.
Such funds have no equity since any assets are due to individuals or other entities at some future
time.
Agency - Accounts for all deposits under the control of City depa~haents.
151
CITY OF CUPERTINO, CALIFORNIA
Agency Funds
Combining Balance Sheet
June 30, 2000
(With Comparative Totals for fiscal year ended June 30, 1999)
Assets
Cash and investments
Total assets
Agency
Totals
2000 1999
376,692 $ 376,692 $
374,610
374,610
376,692 $ 376,692 $
Liabilities
Deposits
Total liabilities
$ 376,692 $ 376,692
$ 376,692 $ 376,692
374,610
$ 374,610
152
All Aeencv Funds
Assets
Cash and invesUnants
Liabilities
Deposits
CITY OF CUPERTINO, CALIFORNIA
Combining Statement of Changes in Assets and Liabilities
All Agency Funds
For the Fiscal Year Ended June 30, 2000
Balance Balance
June 30, 1999 Additions Deletions June 30, 2000
$ 374,610 $ 245,773 $ 243,691 $
$ 374,610 $ 245,773 $ 243,691 $
376,692
376,692
153
NOTES
154
GENERAL FIXED ASSETS
ACCOUNT GROUP
The General Fixed Assets Acco.mat Group is used to account for the control and valuation of
capital assets owned by the City. These assets are recorded as expenditures of the various
governmental funds during the year and are annually recorded in the General Fixed Assets
Account Group at cost. Improvements constructed in the public right of way, such as roads,
bridges, curbs, gutters, streets, sidewalks, drainage and lighting systems are not recorded as fixed
assets; rather, they are expenditures in the year the costs are incurred.
155
CITY OF CUPERTINO, CALIFORNIA
Comparative Schedules of General Fixed Assets - By Source
For the Fiscal Years Ended June 30, 2000 and 1999
General fixed assets:
Land
Buildmgs
Improvements other than buildings
Equipment
Construction in progress
Total general fixed assets
Inveslment in general fixed assets by source:
General fund
Construction bond funds
Special assessment fund
Special revenue funds
Storm drain conslyuction funds
Capital improvement fund
Federal grants
State grants
County grants
Donation from developers
lnvestment-buildmgs
Water asse~s
Total investment m general fixed assets
2000
$ 60,835,080
11,877,756
19,062,134
1,238,884
1.167,294
$ 94,181,148
$ 43,858,536
8,009,419
4,601,486
3,508,928
573,829
20,984,307
882,977
161,566
229,123
1,844,747
6,704,208
2,822,022
$ 94,181,148
1999
$ 60,835,080
11,386,201
19,056,616
1,010,896
$ 92,288,793
$ 43,692,376
8,009,419
4,601,486
3,492,821
573,829
19,274,219
882,977
161,566
229,123
1,844,747
6,704,208
2,822,022
$ 92,288,793
156
Function and activity
Administrative services
City hall
City manager
Community development
Cable television
Total general government
Public safety:
Code enforcement
Other:
Public works
Parks
Engineenng
Total other
Total general fixed aaset~
CITY OF CUPERTINO, CALIFORNIA
Schedule of General Fixed AssetS - By Function and Activity
June 30, 2000
other than
Land Buildings buildings Equipment
Construction
In progress Total
$ 480,328 $ $ 122,837 $
90,000 3,437,479 1,363,342 8,364
335,112 2,072 578
23,345
1,800,000 3,830
393,810
2,225,112 3,919,879 1,363,342 552,764
$ 603,165
4,899,185
337,762
23,345
1,803,830
393,810
8~61397
30,174
30,174
506,864 1,016,490
58,103,104 6,941,387
58,609,968 7,957,877
$ 60,835,080 $ 11,877,756 $
2,564,068 238,631 1,167,294 5,493.347
15,134,724 347,232 80,526,447
70,083 70,083
17,698,792 655,946 1,167,294 86,089,877
19,062,134 $ 1,238,884 $ 1,167,294 $ 94,181,148
157
CITY OF CUPERTINO
Schedule of Changes in General Fixed Assets - By Function and Activity
For the Fiscal Year Ended 'June 30, 2000
Function and ac~vity
General government:
Admb~strative services
City hall
City manager
Conmaumty sermces
CommUmty development
Cable television
Tomlgene~lgovermae~
Public safety:
Code enforcement
Other:
Public works
Parks
Englneermg
Total other
To~ai general fixed assets
General General
Fixed Assets Fixed Assets
June 30, 1999 Additions Deletions June 30, 2000
122,837 $ 480,328 $ $ 603,165
4,893,112 6,073 4,899,185
335,690 2,072 337,762
24,549 1,204 23,345
1,803,830 1,803,830
248,168 162,625 16,983 393,810
7,428,186 651,098 18,187 8,061,097
30,174 30,174
4,298,967 1,194,380 5,493,347
80,457,683 68,764 80,526,447
73,783 3,700 70,083
84,830,433 1,263,144 3,700 86,089,877
$ 92,288,793 $ 1,914,242 $ 21,887 $ 94,181,148
158
STATISTICAL SECTION
159
CITY OF CUPERTINO
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1)
LAST TEN FISCAL YEARS
Table 1
Fiscal Law Public Admmistrative
Year Adminis~ation Enforcement Information Services(2)
1991 $532,046 $3,515,973 $424,165 $4,640,521
1992 $588,747 $3,494,477 $412,293 $5,606,696
1993 $538,465 $3,705,059 $371,661 $1,423,349
1994 $600,891 $3,501,523 $424,636 $1,465,708
1995 $692,704 $3,769,584 $472,633 $1,549,162
(3)
1996 $809,492 $4,123,214 $513,106 $1,817,122
1997 $854,531 $4,118,027 $537,268 $1,750,575
1998 $856,836 $4,393,319 $590,667 $1,991,328
1999 $1,133,408 $4,892,704 $631,035 $2,008,976
2000 $1,242,310 $4,693,565 $796,458 $2,410,754
Note:
Recreation Community
Services Development
$1,406,014 $1,745,110
$1,525,263 $1,745,285
$1,436,528 $1,517,568
$1,509,808 $1,399,637
$1,004,116 $2,859,582
$1,045,300 $1,580,017
$1,121,666 $1,608,010
$1,164,822 $1,850,490
$1,363,410 $2,101,942
$1,536,152 $2,349,874
(1) Includes General, Special Revenue, Debt Service and Capital Project Funds. (Does not
include other financing uses).
(2) Beginning in 1993 the lease payments in Administrative Services have been reallocated
to the Debt Service column.
(3) Excludes losses from sales of investments of $570,085.
(4) Beginning in 1999 the debt service for 1915 Act and special assessment debt were excluded
from these tables as it was determined that the City has no obligation for the debt.
Source: City Administrative Services
160
Public
Works
$5,645,312
$5,963,399
$4,999,412
$5,319,244
$6,759,807
$6,209,090
$6,786,574
$9,047,794
$9,167,386
$12,4801766
Capital
Outlay
$29,452,275
$10,627,790
$905,858
$1,769,875
$1,683,213
$5,005,071
$1,234,165
$4,412,291
$8,059,124
$3,404,088
Debt
Service
$335,193
$389,764
$5,560,835
$10,055,907
$6,206,507
$6,196,680
$7,125,413
$5,193,242
$5,178,897
$4,953,360
To~al
$47,696,609
$30,353,714
$20,458,735
$26,047,229
$24,997,308
$27,299,092
$25,136,229
$29,500,789
$34,536,882
$33,867,327
161
CITY OF CUPERTINO
GENERAL GOVERNMENTAL REVENUES BY SOURCE (I)
LAST TEN FISCAL YEARS
Table 2
Fiscal
Year Taxes
1991 $11,298,258
1992 $14,973,834
1993 $13,757,203
1994 $14,339,558
1995 $14,363,104
1996 $18,626,169
1997 $18,182,889
1998 $20,447,603
1999 $18,837,091
2000 $23,587,459
Note:
Use of Money Inter- Charges Fines and Other
and Property governmental for Services Forfeitures Revenue
$2,670,987 $3,876,299 $1,619,177 $327,095 $1,107,618
$2,866,780 $3,049,563 $2,030,985 $183,759 $1,481,482
$2,365,420 $3,350,306 $1,660,878 $174,602 $808,085
$1,622,393 $3,076,844 $1,680,307 $174,626 $226,714
$2,490,794 $5,605,848 $1,924,429 $202,055 $456,413
$2,417,589 $4,660,903 $2,241,106 $193,720 $1,320,878
$2,671,812 $2,903,880 $2,077,637 $205,366 $792,679
$2,776,441 $3,602,596 $2,366,376 $241,293 $1,146,454
$3,114,595 $5,650,954 $2,578,015 $503,223 $475,266
$2,866,01~ $4,807,077 $2,247,856 $524,057 $737,066
Total
$20,899,434
$24,586,403
$22,116,494
$21,120,442
$25,042,643
$29,460,365
$26,834,263
$30,580,763
$31,159,144
$34,769,527
( 1 ) Includes General, Special Revenue, Debt Semce and Capital Projects Funds. (Does not include
other financing sources.)
(2) Beginning in 1999 the debt service for 1915 Act and special assessment debt were excluded
from these tables as it was determined that the City has no obligation for the debt.
Source: City Administrative Services
162
¢lT~ OF CUI~ERTI~o
PROPERTY T~kX LE~E$ ~ COLLE~~l'lON$
Table 3
Percent of
Percent Delinquent Total Total Tax
Fiscal Total Current Tax of Levy Tax Tax Collections
Year Tax Levy Collections Collected Collections Collections to Tax Levy
1991 $979,985 $945,511 96.48% $25,410 $970,921 99.08%
1992 $1,067,416 $1,009,174 94.54% $27,542 $1,036,716 97.12%
1993 $938,055 $892,293 95.12% $22,800 $915,093 97.55%
1994 $891,808 $891,723 99.99% $7,309 $899,032 100.81%
1995 $1,827,076 $1,827,076 100.00% $12,772 $1,839,848 100.70%
1996 $2,184,489 $2,184,489 100.00% $4,321 $2,188,810 100.20%
1997 $2,636,065 $2,636,065 100.00% $0 $2,636,065 100.00%
1998 $2,593,855 $2,593,855 100.00% $0 $2,593,855 100.00%
1999 $2,804,662 $2,804,662 100.00% $0 $2,804,662 100.00%
2000 $3,075,546 $3,075,546 100.00% $0 $3,075,546 100.00%
Note: Beginning fiscal year 1995, total tax levy and current lax collections include
amounts received fi.om Santa Clara County under its tax equity allocation
formula.
Source: County of Santa Clara, Department of Finance
163
CITY OF CUPERTINO
ASSESSED AND ESTlbIATED ACTUAL VALUES OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
Table 4
Total Estimated
Fiscal Total Assessed Full Market
Year Secured Exemptions Unsecured Valuation Valuation
1991 $3,813,377,777 $61,457,200 $702,476,460 $4,577,311,437 $4,577,311,437
1992 $4,051,286,063 $66,194,200 $742,695,167 $4,860,175,430 $4,860,175,430
1993 $4,242,090,997 $61,714,800 $584,295,328 $4,888,101,125 $4,888,101,125
1994 $4,506,162,220 $62,637A00 $605A53,614 $5,174,253,23,~ $5,174,253,23~
1995 $4,563,933,460 $64,604,400 $550,201,549 $5,178,739,409 $5,178,739,409
1996 $4,585,406,820 $65,248,400 $470,880,987 $5,121,536,207 $5,121,536,207
1997 $4,730,865,467 $66,172,400 $440,005,909 $5,170,871,376 $5,298,764,322
1998 $5,078,070,121 $57,445,281 $452,549,925 $5,538,936,459 $5,538,936,459
1999 $5,591,299,195 $67,859,400 $443,973,509 $6,043,669,471 $6,043,669,471
2000 $6,045,504,382 $:/3,148,676 $500,020,465 $6,553,278,115 $6,553,278,115
Source: County of Santa Clara, Depm'tment of Finance
164
CITY O~ CUI~ERT~O
PROPERTY TAX RATES - DIRECT AND oVERLAPPING GOVERNMENT~
(PER $100 OF ASSESSED VALUE)
LAST TEN FISCAL YEARS
Table 5
1991 1992 1993 1994
County 1.000 1.000 1.000 1.000
County Bond ...........
County Retirement 0.038 0.038 0.038 0.031
Library Retirement 0.002 0.002 0.002 0.002
Cupertino City Bond ...........
Elem and/or Unif Sch Bonds ...........
High School Bonds 0.001 0.001 0.001
Junior College Bonds 0.001 0.001 0.001
Loan Repay-Cupertino ........
Cupertino San Dist-Bond 0.001 0.001 0.001 ---
SCVWD-State Water Proj 0.008 0.010 0.010 0.009
SCVWD-Zone W-1 Bond 0.003 0.003 .0.003 0.003
TOTALS 1.054 1.056 1.056 1.045
1995 1996 1997 1998 1999 2000
1.000 1.000 1.000 1.000 1.000 1.000
.0332 .0338 .0341 .0388 .0388 .0388
.0024 .0024 .0024 .0024 .0043 .0043
-- .0182 .0303 .0292 .0247 .0247
.0092 .0072 .0076 .0076 .0053 .0053
.0023 .0026 .0026 0.002 0.002 0.002
1.047 1.06~ 1.077 1.080 1.07._~51.076
Source: County of Santa Clara Tax Rates and Information
165
Taxpayer
Hewlett Packard
Compaq Compmers
Cupertino Gateway Parmers
Teachers Insurance & Annuity
Sumitomo Bank Leasing & Finance
Apple Computer
Cupemno City Center
Irvine Apartment Comms
RWC, LLC
Ridgeview Court Associates
CITY OF CUPERTINO
PRINCIPAL TAXPAYERS
JUNE 30, 2000
Table 6
Type of Business
Electronic Equipment
Electronic Equipment
Land Developer
Commercial
Financial
Electronic Equipment
Land Developer
Residential
Industrial
Industrial
1999-00
Assessed
Valua~on
$403,218,203
$307,954,086
$130,102,917
$87,309,541
$78,776,148
$77,486,088
$70,282,669
$57,899,508
$57,037,674
$56,000,000
$I~322,521.128
Percentage of
Total Assessed
Valuation
6.08%
4.64%
1.96%
1.32%
1.19%
1.17%
1.06%
0.87%
0.86%
0.92%
20.00%
Source: The HdL Companies
166
CITY OF CI~ERTINO
SPECIAL ASSESSMENT BH~LINGS AND COLLEL-IIONS
LAST TEN FISCAL YEARS
Table 7
Current Current Ratio of
Fiscal Assessment Assessment Collections
Year Due Collected to Amounts Due
1991 $376,389 $376,389 100.00%
1992 $324,285 $324,285 100.00%
1993 $280,095 $280,095 100.00%
1994 $279,250 $279,250 100.00%
1995 $277,680 $277,680 100.00%
1996 $240,382 $240,382 100.00%
1997 $239,5Z, 8 $239,548 100.00%
1998 $243,848 $243,848 100.00%
1999 $321,984 $321,984 100.00%
2000 $578,970 $578,970 100.00%
Source: County of Santa Clara and City Adminisu'ative Services
167
CITY OF CUPERTINO
COMPUTATION OF LEGAL DEBT MARGI]~
JUNE 30, '~000
Table $
Total Assessed Valuation
Debt limit - 15 percent of Total Assessed Valuation
Less - outstanding bonded debts
Legal debt margin
$6,553.278.115
$982,991,717
$982,991.717
Source: County of Santa Clara and City Administrative Services
168
CITY OF
RATIO OF GENERAL BONDED DEBT TO ASSESSED
VALUE AND BONDED DEBT PER CAPITA
LAST TEN FISCAL YEARS
Table 9
Fiscal Assessed General Bonded Debt
Year Population V~ue Bonded Debt PerCapim
1991 40,354 $4,577,311,437 $60,000 1.49
1992 41,079 $4,860,175,430 $40,000 0.97
1993 41,827 $4,888,101,125 $20,000 0.48
1994 42,441 $5,174,253,234 .....
1995 43,489 $5,178,739,409 .....
1996 43,627 $5,121,536,207 .....
1997 44,775 $5,298,764,322 .....
1998 46,682 $5,538,936,459 .....
1999 50,000 $6,043,669,471
2000 52,000 $6,553,278,115 ......
Source: County of Santa Clara and City Admmistrative Services
Ratio of General
Bonded Debt to
Assessed Value
0.000013
0.000008
0.000004
169
CITY OF CUPERTINO
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED
DEBT TO TOTAL GENERAL GOVERNMENTAL EXPENDrl-0RES
LAST TEN FISCAL YEARS
Table 10
Fiscal Total Debt
Year Principal Interest Service
1991 $20,000 $3,500 $23,500
1992 $20,000 $2,500 $22,500
1993 $20,000 $1,500 $21,500
1994 $20,000 $500 $20,500
1995 ........
(2)
1996 ......... $27,299,092
1997 ....... $25,136,229
1998 ......... $29,500,789
1999 ......... $34,536,882
2000 ........ $34,095,470
Ratio of Debt
Total General To General
Expenditures (1) Expenditures
$47,696,609 0.0005%
$30,353,714 0.0007%
$20,458,735 0.0011%
$26,0~7,229 0.0008%
$24,997,308 --
( 1 ) Includes General, Special Revenue, Debt service, and Capital Projects Funds
(2) Excludes losses fi.om sales of investments of $570,085
Source: City Admmis~xative Services
170
CITY OF CUPERTINO
COMPUTATION OF DIRECT AND OVERLAPPING BONDED DEBT
JUNE 30, 2000
Table 11
1999-00 Assessed Valuation: $6,553,278,115
June 30, 2000
Gross Bonded
Debt Balance
Percent
Applicable
Net
Bonded Debt
OVERLAPPING BONDED DEBT
Cupertino Union School District
Santa Clara Valley Water District Zone W-1
Total Overlapping Bonded Debt
$68,824,994 64.106% $44,120,950
$12,580,000 5.011% $ 630,383
TOTAL GROSS OVERLAPPING TAX AND ASSESSMENT DEBT (1)
1999-00 Assessed Valuation: $6,553,278,115
Ratio to Assessed Valuation:
Direct Debt 0.012%
Total Gross Debt .7635%
$44,751,333
(1)
This report reflects general obligation debt which is being repaid through voter-approved
indebtedness. It excludes revenue, mortgage revenue, tax allocation bonds, interim
financing obligations, non-bonded capital lease obligations and certificates of participation.
Source: Santa Clara County
171
CI'I-Y OF CUPERTINO
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Table 12
School
Fiscal Median Age Enrollment Unemployment
Year Population (1) Years (2) Grades 9-12 (3) Rate (4)
1991 40,354 32.2 6,812 5.1%
1992 41,079 36.2 7,306 3.9%
1993 41,827 36.0 7,066 4.4%
1994 42,441 36.0 6,969 3.8%
1995 43,489 36.0 6,969 3.8%
1996 43,627 N/A 8,199 2.2%
1997 44,775 N/A 8,380 1.8%
1998 46,682 N/A 8,380 1.7%
1999 50,000 N/A 8,762 1.9%
2000 52,000 N/A 8,822 1.3%
Source: (1) City Administrative Service (2) Cupemno Chamber of Commerce
(3) Fremont Union High School Dismct
(4) Labor Statistics
172
CITY OF C ERTI O
pROPERTY VALUE, CONSTRUCTION, AND BANK DEPOSITS
LAST TEN YEARS
Table 13
Fiscal
Year
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
Property Commercial
Value (1) Residential Construction (2) Construction (2)
Assessed Number
Valuation of Units Value Value
$4,577,311,437 96 $18,309,491 ---
$4,860,175,430 22 $5,102,769 $63,771,540
$4,888,101,125 17 $9,055,055 m
$5,174,253,234 30 $7,579,919 --
$5,178,739,409 118 $24,626,353 m
$5,121,536,207 126 $23,423,228 $271,222
$5,298,764,322 521 $51,129,923 $31,775,355
$5,538,936,459 578 $62,019,693 $45,254,694
$6,043,669,471 125 $42,771,247 $7,476,590
$6,553,278,115 207 $72,983,009 $9,092,350
Source: (1) County of Santa Clara, Department of Finance (2) City Building Dep~ U,,ent
(3) Findley Reports
173
NOTES
174
~of~, women and
~ from ~ travels, de Anza,
Font and 18 other men
March to their San
in what is now Cupertino, Font
of
of Saratoga-
creation by
and Industrml
17 decided to
Associates, a
and 2 opted
175
to the Port
and wineries
post office
it from other
recognition
Font. In 1904, the
office when the
earliest
the 1776
Don
Sonora,
to
going on in
being
n Santa Clara
to adjacent cities,
incorporation.
dayed
1955 election.
' on October
6 sold to Varian
by Russell Varian,
publ~hed
1999 ..
Co. mmun .ty
'conomlc '
Profile
,
he cily of Cupertino, high-tech heart of
Silicon Val~y, was born from a communi(v
of farmers. In 1955, when Cupertino
o~O~cially hecame the 13th city in Santa
Clara County, its population was about
ZOO0 and its geographical area
encompassed3. 76 square miles.
Toda.v, with a population numbering more than 50,000 and city limits
stretching over 11 square miles, Cupertino is considered to be one of the San
Francisco Bay Area's most prestigious cities in which to live and to work.
Among the many factors that make Cuper~tno so desirable are: the city's
highly acclaimed educational programs, its vibrant business environment, its
convenient access to major transportation systems and its attractive,
well-planned neighborhoods.
Schools in Cupertino are operated by the Cupertino Union School District
(CUSD), which serves students from kindergarten through 8th grade in several
different cities, and the Fremont Union High School District (FUHSD), which
operates five high schools in Cupertino and nearby cities.
Twenty elementary schools and four middle schools are under the CUSD
umbrella, along with several alternative educational programs. Nationally
recogntzed for its innovative use of technology to enrich student learMng, the
district's reputation reaches around the world. Many of its schools have
individually been honored by state and federal programs recognizing
educational excellence.
The high school district, too, has received numerous honors. Two of its
schools have been selected to participate in California's Digital High School
project, and will benefit from state funding for ~chnohigy programs. With the
recent passage of a $144 million bond measure, the FUHSD has plans for
major facility improvements at each of its high schools, including renovations
and new construction projects.
School bond measures usually fare better in Cupor~no than in other
communities, because business and civic leaders, as well as Cupertino ci~ens,
actively support both school districts. Whether it's through financial donations
or participation in fund-raising events, this citywide interest and involvement in
education is One of the key ingredients behind the success of the elementaxy
and high school districts in serving Cupertino students.
One of California's premiere community colleges also is located in
Cupertino. De Ama College, named "most wired community college in the
U.S." by Yahoo Internet Life, serves nearly 25,000 students per quarter. The
college operates a planetarium and an Advanced Technology Center, where
training in math, physics, computers and programming is offered. In addition,
one of the area's leading performing arts facilities, the Flint Center, is located
on the De Anza College campus.
Students and residents interested in Ngher education may also attend
classes at National University in Cupertino and at satellite campuses for the
University of San Francisco and University of California, Santa Cruz.
As home to many well-known high-tech companies, Cupor~no offers a
dynamic and exciting business climate. Apple Computer, Inc. is headquartered
in the city, along with Symantec Corporation. In addition, key divisions of
Compaq Computer Corporation, Hewlett-Packard, Honeywell-Meusurex and
Sun Microsystems, Inc. are located in Cupertino.
The city's proactive economic development efforts have resulted in a
number of innovative, mutually beneficial parmerships with local companies.
The city strives to retain and atU'act local companies through poficies of
balanced growth and streamlined permitting.
Cupertino residents who work for many of these companies have a very
short commute to their jobs. Others, outside of the city, use transportation
corridors that serve the area, such as Highway 85, Interstate 280 and Lawrence
Expressway.
On the retail side, residents and visitors can browse in a variety of small
specialty shops or at Cupertino's Vallco Fashion Park mall. The mall features
large department stores-~Macy*s, Penney's and S~ong with popular
chain stores, such as Victoria's Secret, Express and Natural Wonders. Weary
shoppers can take a break and watch skaters at the mall's ice skating rink, or,
ff there's energy enough, try a turn on the ice themselves.
Ice skating is one way Cupertino residents and their families stay active.
But, ff that doesn't appeal to you, the city's parks and recreation department
provides between 400 and 600 recreational classes and activitieS each quarter.
Among those offerings, there's something for everyone, from aerobics to
aquatics, computers to karate, belly dancing tu bowling. The department also
operates a sports center, a community center and a senior center, which is
being rebuilt and expanded to accommodate the increasing number of people
who participate in its outstanding programs and services.
Of course, a community is more than its schools, its businesses and its
quality of life. A community is its people. And, Cupertino's people come from
all over the world, fi'om all walks of life. The city prides itself on being a
diverse community and app~ciates the cultural differences that make each
resident individual and unique. Leaders In government, business and within the
community have made strong commitments to promote and enhance cultural
richness In the ciiy. As a result, Cupertino has become a place --
a community-- that people are proud to call home.
176
_~m
1999 CITY PROFILE
The City of Cuperdeo was incorporated on Oct. 15, 1955 and operates as a general law
city with a city council-city manager form of government. Five council members serve
four-year, overlapping terms, with elections held e~e~ two yea~. The council meec. s
a month, on the first and third Mondays at 6:45 p.m. in City Hall.
Municipal semces are provided by the citys 122 fall Omc employes. City depart-
ments include admiuistraO',~ services (trensut~, finance, bonzan resources, city clerk,
management information services and economic development divisions), community
development (planning and building), parks and recreation, public works (enginee~ng,
maintenance, transporlatinn and environmental divisions) and public information. Police
service is contracted through the county and fire service is provided through the Central
Fire District.
Assisting the city council are several adsiso~ boards and conmus.%ns: Affordable
Housing, Telecommunications, Fmc Arts, Libra~, Planning, Audit, Parks and Recreation
and Public Safety. Members of the volunteer boards are appointed by the city council and
vacancies are announced so that interested residents may apply for positions.
Residents are kept informed about city services and programs via a monthly
enwsleuer, the Cupertino Scene, Cupertino's government access cable TV channel, The
City Channel, and our on-line service provider, CityNet. This year, an Interact Web site was
established to promote economic development and information to the communit)~
The city sponsors several special programs throughout the year, including an
economic development sumunt, awards ceremony for community volunteers, a student in
government program, holiday recreational activities and a 4th of July fireworks display.
COMMUNITY FACILITIES
Cupet~un is served by the Cupertino Medical C~inic and Ca~o ltealth Care. Nearby
hospitals include El Camiun ltospital in Mountain View, O'Cunnor Hospital in San Jose,
San Jose Hospital, Community Hospital of Los Gatos, Kaiser Permunante Medical Center
in Santa Clara, Stafford Hospital in Palo Alto, and The Forum at Rancho San Antonio, a
continuing care retirement center in Los Mtos.
HOUSING
Rentals for one and two bedroom apartments and duplexes range from $1,025 to
$2,086 per month. Rent for a three bedroom house ranges from $1,500 to $3,050 per
month.
The average pMce of existing single family homes wa~ $621,807 as of July 1999.
The average sale price for a condo or townhunse was $350,570. (Source: Silicon Valley
A~sociailon of Realtors)
TAX RATES & GOVERNMENT SERVICES
I. Residential, commercial, industrial property is appraised at full market values as it
existed on March 1, 1975, with increases limited to a maximum of 2% annually
Propen~ created or sold since March 1, 1975 will bear full cash value as of the
time created or sold, plus the 2% annual increase. The basic tax rate is $1.00 per
$100 full cnsh value plus any tax levied to cover bonded indebtedness for county,
city, school, or other taxing agencies. Assessed valuations and tax rates are
published annually a~r July 1st.
2. lndnstrial and commercial property tax rates per $100 assessed value varies
from $1.0448 - $1,0471 depending on the tax rate are~
Retail Sales Tax: Santa Clara County Transit District: .5% Santa Clara County
Transactions & Use Tax: .5%, Point of Sale: 1%, State: 6%, County: .25%,
Total: 8.25%.
Assessed Valuation: (Secured and Unsecured)
Cupertino $6,043,942,654 (1998-99)
County $147,074,863,200 (1998-99)
UTILITIES
· Natural Gas and Electric -- Supplied by Pacific Gas and Elecwic Company,
10900 N. Blaney Ave., Cupertino, (800) 743-5000.
· Telephone service is supplied by Pacific Bell. For rnsidanflal service hook-up call
(800) 310-2355; for business service call {800) 750-2355.
· CahieTV--TCICablevisionofCalifomia, (408) 257-5388.
· Garbage -- Lns Mms Garbage. (408) 725-4020.
STREET IMPROVEMENTS
There are City standard dedication requlremenis. Improvemant requirements include
half of stree~ along frontage, plus nearest connection point for storm and water line.
TRANSPORTATION
· Rail-- Southern Pacific, San Jose to San Francisco, with spur fine in Cupertino.
· Overnight Delivery to -- Reno, Sacramento, San Francisco and Los Angeles.
· Air-- Seven rilles unflh of S~n Jose International An'port; 32 miles south of
San Francisco Mrpo~.
· Bus -- Santa Clara County Transit Systems, Greyhound bus lines.
· Water -- 20 miles south of Purt of Redwund City.
· Highways -- Interstate Route 280, State Route 85, U.S. 101, Foothill Eapre~
INDUSTRIAL, COMMERCIAL,
& RESIDENTIAL PROPERTY
The total ~ea of incorporated City of Cupertino is approximately 10.4 square miles. In
addition, there are approximately 0.96 square miles of unhlcorporated areas within the
City's boundar~ Land available for development is as follows: hillside residential 5%
(395 acres), commercial .2% (21 acres), residential 1% (26 acres), office and indnstrl-
al .3% (69 acres). Commercial land may nm as high as $1,500,000 per acre, office
space lease rates range from $1.70 tu $3.00 per square foot, all service~ included. Retail
space hia.ve rates range from $1.20 tu $2.55 per square foot, all semites exlra. The
once and R&D vacancy rates range from 0-3%.
Fees are assessed for the following: Street lighting, storm drains, water, plan
checking inspection, park (residential only), sewer, construction tax, and a school
district fee.
SANITARY DISTRICT
Sanita~ sewer service is provided by the Cupertino Sanitary District. The District has
purchased 8.6 million gallons per day capacity in the 167 million gallon per day San
Jose/S rata Oara Pollution Control Plant The Water Pollution Control Plant is a three
stage plant, pcima~, secunda~ and tertintV. The current residential service charge is
$216.00 per y~ar and the commereial chacges, bosed on water nsage discharged, range
from $1.474 per 100 cubic feet to $3.685 per 100 cubic f~et plus a $1.14 per ~ar
charge for each uult of soparate occupency of a commercial or indnstMal premise.
Cuunectiun fens, ff not previously paid, $.re payable for all parcels not currently
served by the Dis~ine
Front loose fees range from $16.50 to $46.20 per foot; acre~ fees range from
$910 tu $1,300 per acre; additional dwelling unit fees are cha~ged for each unit
nscending a density of 3-1/2 units pot acre ta ratns of $325 tu $420 per unit; and
Cummercial/Industrial Demity Ftys are charged on the estimated sewage discharge
per day exceeding 1,120 galhins per day per acre at tales $1.44 to $1.87 per gallon.
AIl fees and ~ are due und poyable prior to approval and isananen of a Distriet
connection permit. Each connector ~ a counecdun permit fee o/$76.00 and sewer
service charges in advance to June 30, at which ~ae the sen, ice charges are culinctud
un the tns rull.
WATER
Water Service is supplied by San Jose Water Works and California Water Service Cu.
_ 177
Cupertino
S hools
% of Graduating Verbal Math % English
Seniors Mean Mean 1st Lang
Distric~wide 1127 students or 71% of the class of 1997
in the flve high schools of the Fremont Union High
School District scored an average of 547 on the verbal
reasoning section of the Scholastic Aptitude Test (SAT)
compared with the California average of 496 and the
national average of 505. Local students substantially
outscored their state and national peers in
mathematical reasoning with an average of 609. The
math average in California is 514, and the national
average for math is 511. Students take this exam as
part of their college application process during the
junior or senior year of high school
The chart shows the school scores over a
four-year period using the recentered norms. Overall
the scores have continued to climb over recent years
even as the percentage of test takers who speak
English as their first language has decrea,qed The
increase in the SAT scores coincides with an increase
in the number and percentage of students taking the
most rigorous curriculum as well ax in the number
and percentage of students selecting advanced
placement courses in the junior and senior years of
high school Local average stadentperformarw~ on
this exam is com'mtent with other measures of student
ach4evement administered by the school district.
Voter Registration
Approximate
CSH 1994 118 49% 517 554 59%
1995 124 45% 516 570 54%
1996 130 49% 551 607 59%
1997 152 61% 510 565 47%
1994 132 32% 504 540 57%
1995 116 45% 487 534 46%
APPROXIMATE RACE/ETHNIC
BREAKDOWN FOR CUPERTINO SCHOOLS
1991-92 ASIAN HISPKNIC BLACK WHITE OTHER
Fremont Union High School District 30% 11% 3% 52% 4%
Cupertino Union High School District 30.8% 4.5% 1.7% 62.2 .8%
Average 30.4% 7.75% 2.35% 57.1% 2.4%
1996-97
Fremont Union High School Dis~ct 36% 12% 3% 43% 6%
Cuperlino High School District 39.7% 3.8% .5% 54.2% .8%
Average 37.85% 7.9% 2.25% 48.6% 3.4%
Source: Carol Atwood, Cupertino City Planner? Offw_e
CL IMA TE
as ofJune 29, 1999:
City 23,087
County 741,542
Major Party
Registration:
C~ty %045 (D)
8,6O3 (R)
4,578 (Non*Partisan)
County 337,190 (D)
231,155 (R)
120,414 (Non-Pa~isan)
Source. Counly Reg~trar of Voters
Race/Ethnic
Breakdown for
Cupertino:
White 52%
Black 1%
Average Temperature Rain Humidity
Period MM Mean Max Inches 8am 5pm
JAN 40 49 57 2.82 85 66
APR 46 57 69 1,09 73 56
JULY 54 67 81 Trace 65 54
OCT 49 61 74 .65 62 58
YEAR 47 59 70 14.05 70 58
Elevation: 236Feet
178
Characteristics of Labor Force
A large number of companies are not unionized due to progressive empl~.ee benefit programs. Wage rates, extent ofunionization, Jffnge benefits,
and related information for specific industries and job classifications m~y be obtained from the State Emplo).nent Development Department locat-
ed at 297 West Hedding. San Jose, CA 95110 or at 800 Capitol Ma~, Sacramento, CA 95814,
MANUFACTURING EMPLOYMENT
IN CUPERTINO
There are tn~er 50firms engaging in manufacturing or research and development in
Cupertino. leading group classes are electronics. The largest firms in Cupertino are:
NAME of COMPANY EMPLOYMENT PRODUCTS
Hewlett-Parkard 3,500 Computers
Apple Computer 3,000 Personal Home Computers
Tandem Computers 3,000 Computers
Symantec Corp 1,300 Personal Computer Software
HoneDvell-Measurex Corp 375 Process ControLs
Rational Sof~ware Corp 375 Sofr~,are Development
NON-MANuFAcTURING
EMPLOYMENT
FoothiWDeAnza
Community. College District .... 3,OO0 Education
Cupertino Union School District 1,400 Education
Fremont Union High School Distrt 443 Education
Pacific Gas & Electric 278 Gas/Electric
JCPenney 250 ........ Retail
Target 250 Retail
Sears 230 Retail
Mervyns 122 Retail
THE
SANTA CLARA
COUNTY LABOR
MARKET
(ABAG Projection 1995)
Employed Residents of Coun.ty: 899.500.
Total CounO, Employment 917, 700.
Total Civdmn Labor Force: 946.600.
Agriculture, Mining 6,430
Construction 28,730
Manufacturing 231,590
Tr anspo t~atio n/Co mm/U niities 25,440
Retail Trade ............................. 120,430
Wholesale Trade 52,240
Finance/Real Estate/insurance 31,280
Services 278,410
Government 52,800
-- 179
Community Services
LIBRARY
Cupertino Library is the largest and most heavily used member of the $:mta Clara
County Libr~y District with a colleclJon of over 235,0(}0 volumes as well as
poriodic~ls, compact discs, audio :md video cax~es, :md CD-ROMs. In the past
Cupertnio Library is the largest :md most heavily ttsed member of the S:mat Clara
County Library District with a collectiun of over 235,000 volumes as well as
periodicals, compact discs, audio :md video casseaes, and CD-ROMs.
In the past twelve months Cupertino Library staff have checked out over
1,523,148 items to the communJly :md have answered close to 100,000 reference
questioas. Among the fibravy's strengths are business and art reference and a growing
collection of popular materials in a va~icty of international languages. In addition,
Cupor~o houses the cotmty llbra~"s central reference collect~un, which includes a
partial depositmy of Califomin state documents :md slate and federal legal cedes.
Coporfino Libexry's Dyinx online catalog provides both graphical and text-based
access to the World Wide Web :md to reference and full-text maguzme databases.
Beginning Interoei classes are offered for families :md for individ:mls.
Adult reference librarians conduct hbrav/tours :md ms~ine catalog demunstra-
fions from 1-2 pm on Wednesdays and from 2-3 pm on Saturdays. Santa Clara County
Library's new BOrne Page add.ss is: intp://vavw, samaclaracountylib.ovg.
Children's reference librarians present weekly storyfimes for spoatk age
groups, a semi-aunuul series of family stmymes in M:mda~n Chinese, :md a Summer
Rearing Club with special activities for schoolagu children. Suramer Reading for Teens
is also offered. Awards for both sunamer programs are funded by The Friends of the
Coper~no Library through their memberships and three annual books,ales in February,,
May, :md October
The Cuperano Library Founda~on hulds hindralsing events to benefit the library
:md provides infonuntion on planned gifts to the library.
An ATLAS (Academy for Teaching Literacy to Adult Students) adult literacy class,
co-sponsored by the llbray and die Fremont Union High School District Adult
Education Program, meets weekly at the library.
The llbnuy provides dial-th access at 287-5590 (South County at 842-0657)
and phone renewals at 1-800-4714991 for most library materials. Informatiun on
these ser~ces is available in the llhra~,, or by ca.ag 253-6212 (thio recording),
adult reference at 446-1526, cht[deco's reference at 446-1823, accounts :md billing
infonunenn at 1-800-286-1991, or library administration :md Cil~-aflailun at 446-1677.
The library is open seven days a week: Monday :md Tuesday 12-9, Wednesday
10-9, Thursday, Friday, Saturday 10-6. and Sunday (Sunday service funded by the City
of Cupertino) 12-6.
CAREER ACTION CENTER
r~Hr~ The Career Actiun Center is a nonprofit, full-service career
development org:miz~un -- natiunally recognized for
thought leadership about career issues :md trends. Since
1973, the Career Aaiun Center has provided infonnatiun,
c ~. R t [~ a education, coaching :md support to individuals to help them
AC T I ON
n E t~ T i R achieveeareersuceess:md~atis{ac0on.
Our ktmwledgeable staff of career counselors :md
coaches, librarians, instructors :md consultants assets individuals who ~ :md v,.ork
in silicon Valley -- :md beyond.
The Career Action Center provides resouro~ :md encouragement, helping
people understand and address their v,~rk-life needs -- committed to actively
managing th~ worklffe in a rapidly changing eaviroumcot
Learn more about the Center :md the service~ we have to offer at one of our
Free Intreductions, held Tuesday, Wednesday :md Saturday at 9:30 :tm. :md Thursday
at 6:00 p.m. The Cunter is located at 10420 Bubb Road in Cupertino, near the
intersection of Steveas Creek Boulevard. Our addreas is 10420 Bobb Road, Suite 100,
Caper~no, CA 95014. Call (408) 253-3200 or visit our web site at
www. earceracfion.org for more inforinatiun.
THE QUINLAN CENTER
The City of Cuperilno's Robert W. Quiul:m Community Center is a 27,000 square foot
facility that provides a variety of recreational opporamities. Most prominent is the
Cupeflino Room which is a multi-porpnse room that can accommedate 300 people in
a banquet format. Cupe~iun Quinlan Center is also home to the Cupertino Historical
Society, a wonderful museum of local history, as well as the offices of Cupertino
Community Se~ces. For move information call (408) 777-3120.
CUPERTINO SENIOR CENTER
The Col~-a'tino Sehiur Center is full of ~ults over 50 years of
age learning, volunteering, and enjoying themselves. F~xercisu
classes (over 30 hours a week), computer lab :md classes,
· ' language indudthg English as second language, cultural :md
~ special Opportunities abound to help the ceater
interest
classes.
function, from helping at die desk to specialized wurk widi the
travel coordinator or case m:mager to serving on the advisory council. Workshops
include "planning Ahead" :md divorce issues, suppori, discussion groups, music,
book. arts and film groups, plns computer :md camcorder interest groups. Health
insurance, tax and legal consultation are available by appointment A full time social
worker works with homebound seniors to help keep diem in the communitg
The Senior Center is located at 2125 l Stevens Creek Boulevard, at Marfi in
Memorial Park. Phone 408-777-3150, Fax 408-777-3153. Open 8 a.m. to 5 p.m.,
Monday through Friday
CV 'ERTINO COMMONITr SERrICES
People Helping People
Cupertino Community Se~ces (C~S) is a nonprofit, chmatble, commumty-based
agency semng the needs of low-incume West Valley residents, eCS prevents hunger
by distribo~ag more th:m 80,000 pounds of foed each year to hundreds of our less
£omumte neighbors. To prevent the ~on of l~amdies from their homes :md the
shut-off of u~th~es, C~S provides renial assistance :md help with ~ hffis,
volunteer ddvem tr:mspon senior :md disabled members of our community to
critically needed ser~c~ such as doctor :md dental appointments. ~ a Salvation
So.ce Center, C~ provides vonchers for gasollae, prescription drugs :md sho~.
The CC8 Itollday program coordiun~ the distribution of Th:mksgivinll, Spmll :md
Summer food baskets and org:mi~ an "Adopt-A-family" Program in I)ecemben
¢~S also offers a con~nunm of care in housthg ser~ces. The C~ Rotating
Shelter Pro~um, in collabomOun with local religions congveg~ons :md volunteers,
helps employable homeless men, worn:m, and woman with el~deco temporarily rent
low-income hunsinll in the C~ Transitional Housing program. Through the
~ordable ltonsnig Program, qeallfied fanfilles :md individuals in the Copertino
community my obtain homes at below market rate~.
But eCS cannot provide emergency assistance to the needy each year without
comm:mity soppo~. Generous dunations of time, semces and money are needed so
that ¢C8 can help our le~s fortunate neighbors, C~ is located in the Qulnl:m
Community Center at 10185 N. b~tellthll Ro~, Cupeltino. l~ur mom ~ormation, or to
~d out how you can help, cai1255-8033 or send em~ CCS@acumseom.com,
C PERrINO-S NN A E
SEmOR DAr SERVICES
The purpose of S~ur Day ~ is to support older adults :md th~ ~amily caregivers
in msintalninll nidapundence and a qaa.llty life~e at ~oedable cost. S~or Day
S~c~ operates two Senior Day Cunte~ for frull and healdi-impmi'ed seators. The
daily program is designed to help older adults maintsin or improve theh' mental and
pllysical status. The antMfies include music, exercise, crsfls, word games, travelogues,
disensslons :md nature videos. A hot lunch Is served, as well as mominll :md
ulnimunn snan~. The Cepenino C~ is located at Steffinll aM McOell:m Road~,
at SI Jude's l~piscopal Church. Fur more inforo~un, call (408) 973-0905.
180
Parks &
Recreation
Awealth of recreational and leisure activities is available at
~hec~pnYe~ ;~T facT~litp;Sr~ ~kS'~cndre$; :~°n °lDge~Ur~menTithioff ~s
classes and programs on a quarterly basis, year round. Schedules of classes
are published in the "Recreation Schedule, ' a quarterly publication that is
mailed to all residents in the C#y. The Parks and Recreation Department
also sponsors youth and family excursions, senior activities, tot and teen
programs, and a number of clubs. Phone: (408) 777-3120.
Blackberry Farm
ms 3 3-acre recreational facility
offers group picnics, swimming pools
and a 9-hole golf course.
Picnic grounds and
swimming pools a~e located at
21975 San Fernando Ave. and the
Golf Course at 22100 Stevens Creek Blvd,
Phone: (408) 777-3140
181
Cupertino Sports Center
Cupertino Sports Center is a great place to meet friends. The facili~, features
17 tennis courts (12 lighted), complete locker rooms facilities, saunas, jacuzzis,
and a hill:,' equipped fimess center, featuring free ~ights, cydesc and cardio
equipment. The center is located at die intersection of Stevens Creek and
Steliing. Phone: (408) 777-3160
Deep Cliff Golf Course
This lovely 52-acre facility offers a number of amenities including a top quality
goff course, new practice and teaching center as well ms first cia.ss dining
facilities. Features include a challenging mid-lengdi golf course that boasts pic-
turesque views of S:evens Creek along with superb maintenance and unique play-
ing challenges. The new Deep Cliff Practice Center offers an 8000 sq. ii. putting
green and 12 station l~ning area to hone golf skills. A full service golf shop, lesson
programs and chuics are also a'eallable. The Grill Cafe located at Deep Cliff has die
best food in the area widi a combination of California-Fresh Cuisine & Barbecue.
Deep Cliff Golf Course is located at 10700 Clubhouse Lane.
Phone: (408) 253-5357.
Mc Clellan Ranch Park
22221 McClellan Road. A horse ranch during die 1930s and 4Os, diis 18-acre
park has die appearance of a working ranch. Preserved on die prope~' are die
original ranch house, milk barn, livestock barn and ~vo historic buildings moved
fi.om odier sites in the city: Baer's Blacksnfidi Shop, originally located at DeAnza
and Stevens Creek Boulevards, and die old water tower fi-om die Parish Ranch,
now the site of Memorial park. ALso at M~lelian Ranch are corrals where
Rolling Hills 4-H Club members raise rabbits, chickens, sheep, swine and
caale, and a Junior Nature Museum, which feamres small live animal exhibits
and dispenses information about bird, animal, and plant species of die area.
Community garden (organic) plots are aYailable for city residents m use.
Tours of die farm buildings and Jualor Museum are conducted for school
children. Phone: (408) 777-3120.
Memorial Park
Stevens Creek Blvd. at Mary Ave. Attractions at die 28-acre Memorial Park include
acres of lawn, ideal for family picnics; a lake; and six lighted tennis courts, as well
as the Senior Center. Also an amphidieater; lighted softball field; a gazebo and pic-
nic areas are available for general enjoyment or rental. (Call for details.)
Phone: (408) 777-3120
Rancho Rinconada
Recreation & Park District
This beautiful facility, features a park setting widi a pool and creek vista for
conferences, special occasions, or fundralsing events. Rancho Rinconada is
centrally located from 280, Lawrence Expressway and Moorpark/Bollinger.
The hall is fully carpeted with a full kitchen, tables, chairs, and chairs for
100-150 people. Rentals range fi-om $50-$100 per hour (3 hour lVltidmum)
until 10 pm. ComplementaD' time for set-up and clean up is provided. Rancho
also has swim lessons available and public swimming dally from I-5 pm starting
June 15. Parking is in Iwo locations. 18000 Chelmsford Dr., Cupertino.
Phone: (408) 252-8429 Fax (408) 252-4404 Emall: pooltime@worldnet.att.net
Other Cupertino Parks
HOO~ZR PARll - Leed Ave. near Primrose.
JOLLrs~e~ p~as- Stehing Rd. near McClellan Rd.
LIND^ VlSrA PAPa. - Linda Vista Drive near Columbus.
Mo?~'~ V~STA P.~K - Foothill Blvd. and Voss Ave.
PORT. g P~ - N. Portal Ave. off Stevens Creek Blvd.
SUMMERSET SQUARE PARK - Stokes Ave. near Peninsula Dr.
TaREE OAli PARK - Candlelight Way near Ruinbo~.
V~ PARx - ainsworth Drive at Vista Knoll.
Wxksos pAR~ - S. Portal Ave. near Stevens Creek Blvd.
CarEI{SIDE Pami - Miller Avenue, between Ste',~ns Creek Blvd. and Bollinger.
Northwest YMCA
The Northwest YMCA has a ,?ariee,~ of programs for the whole family. Home of the
"12 Week Personalized Fimess' program, die modern fitness center has programs
specifically for new and returning exercisers for all ages.
Other programs include year-round licensed cNld-care, summer adven ute
canlping programs and day camps hke golf, learn-to-swim and roller hocke}~
There is a drop-in teen center, parent child programs, year round youth sports
and volunteer opporlm~ities from the YMCA Ser~ce Club ~o coaches for sports or
exercise instructors.
YMCA programs help build strong kids, strong
families and strong communities.
Loc~on:
20803 Aires Drive,
Cupertino, CA 95014
Hours:
M-F 5:30 am - 10 pm
Sat/Sun 7:00 am - 6:00 p
Phone:
(408) 257-7160
182
K-12 Public Schools
Cupertino
Prides Itself
On its
Excellent
Public
Schools
Winners of numerous state and
national awards for excellence,
our city's schools are widely
acknowledged to be models of
qualit? instruction. Two public
school s2,'stems serve Cupertino:
The Cupertino Union School
District (CUSD) for
kindergarten through eighth
grade, and the Fremont Union
High School District (HJHSD).
Cupertino Union School
District serves 15,300 students -- representing 64 different languages -- in a 26-square mile area that
includes Cupertino and portions of five other cities. The district has 20 elementaD, schools and 4 middle
schools, including several alternative programs. Eighteen schools have received state and/or national awards
for educational excellence.
Historically, district test scores have been high, placing Cupertino among the premier public school
districts in California. The district is a leading participant in a statewide effort to develop a standards-based
system of education and is nationally recognized for leadership in the use of technolog? as an effective tool
for learning.
The Fremont Union High School District serves over 8,800 students in a 42 square mile area covering all
of Cupertino, most of Surm'ffale and portions of San Jose, Los Altos, Saratoga, and Santa Clara. The five high
schools of the District -- Cupertino, Fremont, Homestead, Lynbruok, and Monta Vista -- have garnered many
awards and recognition based on both the achievement of students and the programs designed to support
student achievement. Each school is a California Distinguished High School and three of the high schools are
federally recognized Blue Ribbon Schools. All five high schools are high achieving, performing well above the
state average in tx, st scores, as well as above comparative schools in the State, producing one of the largest
number of National Merit Scholar Finalists of any district. In the five high schools, more than half of the
students are currently enrolled in one or more courses in music, theater, dance, and visual arts. That
engagement in arls programs contributes to a complete, well-rounded education as students learn the joy
of creating and the self-confidence that comes
from performance.
The Fremont High School Distlict's Adult
and Community Education Center offers classes in
citizenship, F~ghsh as a Second Language, GED,
parent education as well as community interest
classes and an extensive senior adult program.
Adult and Community Education classes are held
at sites in Cupertino, Sunnyvale, and San Jose.
_ 183
Enphrat JlllSemn olaf!
lhe bigb~r regarded £uphmt Museum o~Art
a~at~nt W the Fliut Genter on t~ De Anza
Odlege twntpus traditional~r p~sents one-q~a-
kind exhibitions, pubfications, and etents
rtflecti~e t~ ~ch doerse ~ritage of our area.
The MuseuIH prides itse~on its
exhibitions qf natioual and international stature.
emphasizD~¢ B~l' Area artists. Museum hours
l lam - 4pm, ]ues~}~ ~kdnesdqr, Thurs.)7
6-8pm Tuesd~r, and 1lam - 2pm
lqfbmtation: 408-864-8&~
6ltperDtlO Ht,~tortca/ 3ocleO'
On Mqr 2. 1966 the Cupertino Historleal 5~-ie
was.~unded ~r a group ((residents concerned
ahout the rapU growth in tbe area aud its impact
on the qaick~r mnishh~¢ Cupe~ino
he~t~¢e. On March 30. 1990 the Cu~rtino
ttistorica/ Museum opened its doors and
hundreds of househoM objects, f~rniture,
clothi~¢ pbot~qra~s, aud documents of eater
6'nperth~o ware displql,ed. T~ mission of t~
Cupertino Histo~caI Museum is dedicated to
otsurit~ that the ~rit~¢e of Cnp~tino stql,s
a[]g'e.~r al? lo und~rslalld and s~tre. Education
is al the center qf our publle semice role.
museum strit~s through its programs and
exhibits to understan~ d~,elop and eapand
hwrno&~ opportunities ttmt u'e offer
comnluniO; he Y K-12 sc~nd students or
communiO~ menthers mpreseutiug t~ di~rsiO,
(~/ Ctq~,rHno. Folant~rs fmm the Society
and discuss lhe sign~can~e of t~ art~acts fmm the muslin by means of
a trat~h'ng trunk taking it ~¢ular~l~ to sc~ls, clubs, senior c~ters and
cor~rations. M~b~hip m~tings am ~M monthO~ featudng programs
~local histo~cal intemsL Hours: l~m-4pm Wednes~y-~tur~y.
Ltwated in the ~li~n CommuniO~ C~t~ at 10185 X Stelli~e R~d
l~(ommtion: 408-973-1495 F~: 408-973-8049.
Minolta De Anza P~neta~um
Ma~s ~ a Cu~rtino faciliO, cate~ng to t~ir intemsts, t~ Minolta
P&netaffum on t~ D~a Col~ge campus. It ~sts a va~eO, of p&neta~um
sheu.s and ~ents, inclading edacatioml pm~ams for sc~l ~ups, s~c~l
~er shows for t~ public on F~j, nights a~ obs~ance of S~tiotml
Astmnom), Day. lnfo~tion:
The cultural life of the Penhtsula and South
enhanced ~r pn&erams presented at Hint
for the Pe(o~i~&e Art,~ kwated at 21250 Stetens
Cr~,k Boulemrd at DeAnza Collt~,e. Opened iu
1971. t~ 2.400 seat ceuter u'as named in honor
of 6~h'in 6'. FlinL first chancellor of the ~?u~thill-
l~Anza 6'ommuuiO, 6bllege District. lhe
office. Iocwted on the west side of the center near
the main entrance, is open lffOOam - 4:00pm
Moudql, tbmugh Fridql'. and I 1/2 houm prior to
mO, Flint 6Z'nterpe~fi)rmance.
Box off,ce: (408) 864-~1~
Adminislmtitz, (~ice: (408) 864-8~0
llTIwries
Ridge Vin~ards, Inc. was built in 1886 ~' a
.~n )~ancisco p~l,sician. His summer tx~me and
cel~rs are still in use as the production temeo,.
Since prohibition, Ri~e has pr~uced thirO, seveF
vintages *~ its Monte ~llo eMate Caheroet. Tastit%
and sales l lam 3pm ,$~turdql' and Snn~r
Localed at 17100 Moutehello
6~11 (4(~) 867-3Z~3.
Picchettt Wtneo,, b>eated on the Historic
Piechetti laud. is one qf the oldest wineries in
California. The heautiful tasti,~e room and gifl
shop feature atvard winnit~e Ctmrdonnql,,
Zinflmdel. Merlot and Cahernet 3~uvignou teiues.
Open ,Vaturday and 8uncko, from 12-5pm attd
bi' appointment fi)r private and cor/n)mte events.
Visit our 370 acres of adjacent Opeu ,Space
Presem?s fl*r biki~q and picnics. Located at 13100 Montebello Road, illa
minutes from downtown Cupertino. Call (408) 741-L~10. wu,w.piechetti, com
California Histoo, Center
The California Histoo' Center ia' located on the DeAnza Col&ee campus in the
restored le Petit Trianon mansOm. The Hislory Center, to date, Ims published
35 volumes on CaliJbrnia hislo~y and stages' rotating exhibitions throughout
the yea~ The center's Stocklmeir Librao; boasts a large collection of bc, c)ks. a
pamphlet file. oral histoo, tapes, video tapes and a couple of thousand student
research papers. The librao,'s collection is non-profit, for reference onO'.
Heritage events focusing on California's cultural or natural history are offered
by the Center each quartee For more infomtation call 408-864-8712.
The Center is open throughout the school year &3Oam - noon and
1-4:30pm Monday- Thursday
184
&fairs
Japanese CnOnra! hZ, stir'al
~tln rdqt'. Apri129-3mldco', Apri/ 3(t.
Beld al Memorial Park. 3'letwts O'eek B/vd.
~ Hit? 85 tacrossfi'om l)e Allza
3]~onsored 141' Sisler CiO; fql'okalco.
Conhlcl: LllcSle tton(~,,(408) 257- 742~.
.lnwrican hid~mt Pot(' II;bit'
~-.-Iris bt'Mit'al
May 5. 6 and 7 at De Anza 6~llege.
Conlacl: Jeri l'arke~: (408) 864 5448.
3Dtltrd(o', II~O' 20, 200(t
lhe Cnperlino Educotional Endowment
~?mndation's seventeenth annual ~da will be held
on 3~tttrd~l'. M~I' 20,]~m fi:OOpm W midnighl,
h~'ted ~r lteu'lett Packar~ ~he festive bkwk tie
hen~fit~r t~ Cu~rtino [ nion SchooI District
will fi'atum an elega,t buf~t suppee auction.
iqfimnation, please c~mtact Eleanor gatana~
(408) 446-Z~33
379ake~]wcttv £estit'cd
IIM
Amphilheatre - Menlorial Park.
Contact: San Francisco Shokespeare
(415) 422-~(t9 or 1-800-978-PlAY
Cnpertino Art & lritte Festival
&tturdql'. August 12 - Sundql; August 13.
3ponsomd by the Cupertino Chamber of
Commerce. Held at Memorial Park, 8te~ens Creek Blvd.,
at Mao, Avenue. Contact. Chamher OJ~ce, (408) 252-7054.
Art in the Park
September (TIM) in Memorial Park. sponsored by
Fine Arts League and Parks & Recreation Dept.
Contact: 3~ncy Bennett, (408) 777-3120.
Indepemh'ncc Dql' h,stit'al
t'arks & Recreation. (408) '773120
Septemher (1114) 5:00pm -900pm
BlackberO' Farm. 21975 3~m bt, rnando.
6Dntact: ~anQ' Bennelt. (4(18) 777-3120.
Oktohe~j/bsl
3?~turdql: Septemher 30 - 3'llndq}: Ocloher 1.
Sponsored kr the RotaO' CInb q'Cuperlino.
Held at Memorial l'ark. .¥letw~s Creek BotdetzozL
at Mmy At~nta,.
Conlacl: Richard Louw~thal (408) 9~-8494.
lbttrttantenl qf Bands
,~turdco: Octoher (113t)
Starts lO:OOam at ColIDts School,
ends at CupertOto H(gh School.
Field Show at 5:00pm at Cupertino ttk[,I).~'choot
6~ntact: Denise Mo~bt. Otpertino H~elJ School
(408) 366- 7377~
Ice Chalet I'allco
Located in the I?dlco Shopping Cente~:
10123 ,X~ I~b]~ Road. a~ld o]nm sel,en dc(IrS a
week. Ice L~alels. the worM's la~eq chain t~ ice
skatD~q rinks, is o~n year mtttid fiir yottr skating
pleasure. A lwriPO' ((lessons is offeredJbr both
figure and b(~'k¢l' skali;~e enthosiasts.
bbr more it~brnmtion, contact Dmz, Gl0' at
~408) 446~2~
Flint Center
World Class Theatre, Music and Dance. Regular performam~s.
Box office: 864-881~ Administration: (408)864- 5300.
The Oaks Theatre
Located in the Oaks shopping Cente~ 21275 Stevens Creek Blvd.
(408) 446-1134.
,~bte: Dates su~t to change. Please verify with contact person.
185
NOTES
186