Financial Report 06-30-2001CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
FOR FISCAL YEAR ENDED
JUNE 30, 2001
PREPARED BY:
CITY OF CUPERTINO
FINANCE DEPARTMENT
CAROL A. ATWOOD
DIRECTOR OF ADMINISTRATIVE SERVICES
NOTES
INTR OD UC TORY SE C TION
CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2001
Table of Contents
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
Page
i
1
14
15
16
17
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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28
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CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2001
Table of Contents
FINANCIAL SECTION (Continued)
Notes to General Purpose Financial Statements
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
Summary of Significant Accounting Policies
Cash and Investments
Related Party Loan
Advances
Fixed Assets
Long-Term Debt
Unreserved, Designated Fund Balances
Segment Information for Enterprise Funds
Commitments and Contingencies
Liabilities Under Self-Insurance and Risk Management
Other Post Retirement Benefits
Deferred Compensation Plan
Defined Benefit Pension Plan
Deficit Fund Balance
Special Assessment Classification
Page
35
43
45
45
46
47
5O
51
51
53
54
54
55
57
57
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, 2001
Table of Contents
COMBINING, INDIVIDUAL 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
Comparitive 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
Page
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CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2001
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 Eamings
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, 2001
Table of Contents
COMBINING, INDIVIDUAL AND COMPARATIVE FUND AND ACCOUNT
GROUP STATEMENTS AND SCHEDULES (Continued)
Fiduciary Funds:
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
Page
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CITY OF CUPERTINO, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2001
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 Billings 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, Construction and Bank Deposits -
Last Ten Fiscal Years
City Profile
Table
2
3
4
7
8
9
10
11
12
13
Page
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vi
NOTES
CITY OF
-CUPE INO
November 1, 2001
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, 2001, 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 1) 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 respects 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 14. 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 terms. The City Council appoints the City
Manager who is responsible for the daily administration 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.
Pnnted on Recycled Paper
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 11 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, Portal
Software, and Symantec. Several key divisions of
Hewlett-Packard and Compaq 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 from 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
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$0
1993 1994 1995 1996 1997 1998 1999 2000 2001
· ACTUAL
· ADJ BY CPI
(In thousands)
Economic development has become a focal point for Cupertino. Three 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, purchased by the Jacobs Group, is
proposing a mixed use development plan which would include entertainment, retail, office and a
hotel component. A new four star hotel is currently under construction as well as several
residential projects.
3
MAJOR INITIATIVES
Current Year Projects
1. Foster a Sense of Community
· Establish a Teen Commission with objectives to positively impact the youth of our
community.
· Expand community outreach through the use of focus groups, community forums and
neighborhood programs.
· Increase diversity awareness via the Citizens of Cupertino Cross Cultural Consortium and
additional cultural programs.
· Foster a better sense of community through recreation activities, outreach programs, and
expansion of community events.
2. Ensure Land Use is Compatible with Community Character
· Revise the City's General Plan.
· Develop a master plan for the City Center and Town Center, including a full service
hotel, park, and new library.
· Encourage oppommities for private redevelopment.
· Optimize community benefit with the remaining office, industrial and commercial
development approvals.
· Continue to pursue annexation of county pockets as available.
· Explore opportunities to support and enhance affordable housing.
· Ensure that a "walkable city" concept is present in all City development/redevelopment
projects.
3. Protect and Promote our Public Safety
· Develop criteria for traffic calming techniques/barrier retention.
· Approve a pedestrian street safety plan.
· Expand our neighborhood watch and disaster preparedness programs.
· Implement a "safe routes to school" program.
4. Enhance Services
· Ensure all streetscapes and trees are planted/maintained.
· 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,
· Expand programming at the new Senior Center.
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 interact incentive policy with high-tech corporations.
Facilitate revitalization of our regional center, Vallco Mall.
6. Efficiently Utilize Technology
· Implement a five year Technology Master Plan.
· Enhance training of employees to utilize new technology.
· 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, parmership opportunities with our schools, and other
agencies, continued automation, funding of the capital improvement program and meeting
economic development needs.
The City has adopted a Redevelopment Project Area in conjunction with expansion and
renovation of our regional mall. In addition, the City is embarking on several major capital
improvements over the next few years. Master plans will be developed for our City Center
which includes a new library, our Sports Center and the Blackberry Farm Golf and Picnic
Facility. Such growth will directly impact our revenues, service efforts and traffic
configurations.
Department Focus - Efforts and Accomplishments
Each year we feature a department in the City that has made notable contributions to the
organization or community. This year, the spotlight falls on the Community Development
Department. The 2000-01 highlights include:
CCS Housing Project: Processed development
applications and building permits for the new 24-unit
Cupertino Community Services (CCS) affordable
housing development. The project includes a 4,170
square foot office building for CCS offices. Ground
breaking took place on October 25, 2001.
224 unit Cypress Hotel: Processed development applications and building permits for the
new 224-unit Kimpton Group "Cypress" Hotel, now under construction at the comer of
Stevens Creek Boulevard and De Anza Boulevard. The hotel includes a restaurant and 3,000
square feet conference facility that face the comer open space.
,Verona Apartments: Processed development
applications and building permits for the new 206
unit Verona Apartment building now under
construction. The apartment development includes
7,000 square feet of ground floor retail that will
face the comer open space and complement the
Cypress Hotel restaurant and conference facility.
Housing Element: Prepared a new HoUsing Element to the Cupertino General Plan to
address housing affordability and supply. The plan identified sites for new residential
developments mixed with non-residential uses. The Element was approved by the State
Department of Housing and Community Development and adopted by the City Council on
October 15, 2001.
Residential Design Standards: Implemented the revised R-1 ordinance aimed at reducing the
size of new single-family homes and better integrating their design into existing
neighborhoods. Also, prepared Eichler Design standards for the Fairgrove neighborhood
which consists of Eichler style homes built in the 1960s.
Tra Vigne Residential and Commercial Development:
Processed development applications and building permits
for the Tra Vigne mixed-use development consisting of 46
townhomes and a 10,300 square foot commercial/office
building. The development is under construction and is
projected to be completed in the Fall of 2002.
General Plan Update: The Department is coordinating a comprehensive review of the
Cupertino General Plan to develop a land use and transportation strategy for the next 20
years. The plan is scheduled for review by the Planning Commission and City Council in
2002.
Garden Gate Annexation: Worked with Santa Clara County staff to process a request from
property owners in the Garden Gate neighborhood to annex their neighborhood of 372 homes
into the City of Cupertino. The annexation was approved by a vote of Garden Gate residents
on November 6, 2001.
Community Development Web Page: Upgraded the Department web page to include a
downloadable copy of the Cupertino General Plan, Zoning and Land Use maps, copies of
special plans and design guidelines and a quarterly Development Activity Report.
We congratulate the Community Development Department for their achievements in all of their
projects and wish them continued success in the implementation of their programs.
7
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 that 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.
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 $35.8
million in fiscal year 2000/01, an increase of 2.89% over the preceding fiscal year. The
following table presents revenue by source and the related changes from the prior year.
Revenues by Source
Taxes
Use of Money & Property
Intergovernmental
Licenses and Permits
Charges for Services
Fines and Forfeitures
Other Revenue
Revenues Classified by Source
Governmental Fund Types
Amount
Percent of Total
Increase/(Decrease)
over previous year
Amount Percent
$23,859,776 66.64% $272,317 1.15%
3,336,651 9.32 470,639 16.42
5,483,956 15.32 676,879 14.08
1,230,060 3.43 (129,889) (9.55)
987,563 2.76 99,656 11.22
470,627 1.31 (53,430) (10.20)
435,351 1.22 (301,715) (40.93)
Total $35,803,98~4 100.00% $1,034,457 2.8___~9%
Use of money and property increased due to rates holding firm on the investment portfolio and a
stable portfolio balance as several capital improvement projects were temporarily delayed.
Intergovernmental revenues increased due to an additional $700,000 from the County's
Congestion Management Program for streets and roads.
9
Expenditures Classified by Major Service Area
Governmental Fund Types
Expenditures for general governmental functions for fiscal year 2000/01 totaled approximately
$36.1 million, an increase from the preceding fiscal year of 6.7%. 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
Administration $ 1,387,086 3.84% $ 144,776 11.65%
Law Enforcement 5,351,653 14.81 658,088 14.02
Public Information 617,894 1.71 (178,564) (22.42)
Administrative Services 3,033,073 8.39 622,319 25.81
Recreation Services 1,774,484 4.91 238,332 15.51
Community Development 2,700,888 7.47 351,014 14.94
Public Works 10,979,150 30.38 (1,501,616) (12.03)
Capital Outlay 5,348,378 14.80 1,944,290 57.12
Debt Service:
Principal 2,260,000 6.25 105,000 4.87
Interest 2,684,710 7.43 (113,650) (4.06)
Total $36,137,31~6 100.00% $2,269,989 6.70%
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 costs 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, 2001.
10
Revenues, Expenses, and Results of Operations
Enterprise Funds
Resource Recovery
Blackberry Farm
Cupertino Sports Center
Recreation Programs
Senior Center
Operating Operating Operating Net
Revenues Expenses Income Income/(loss)
$2,597,721 $1,791,593 $ 806,128 $1,143,816
1,703,050 1,489,507 213,543 (2,524)
984,946 860,660 124,286 138,642
1,594,926 1,368,141 226,785 (14,224)
299,583 406,586 (107,003) (92,600)
Totals $7,180,226 $5,916,487 $1,263,739 $1,173,110
Internal Service Funds are used to account for the financing of services provided by one
department 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, 2001.
Revenues, Expenses, and Results of Operations
Internal Service Funds
Operating Operating Operating Net
Revenues Expenses Income/(loss) Income
Management Information
Systems
Workers' Compensation
Equipment Revolving
Long-Term Disability
$ 654,890 $ 851,536 $ (196,646) $ 68,414
141,434 134,907 6,527 80,679
965,508 879,854 85,654 140,846
58,143 60,112 (1,969) 749
Totals $1,819,975 $1,926,409 $ (106,434) $290,688
Resources are being accumulated in the Equipment Revolving Fund and Management
Information Systems fund to provide for furore replacement of existing equipment.
11
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, 2001, the City had no outstanding tax-supported general obligation bonds. The
City did however have $44.7 million in certificates 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
government 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 $3.5 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.
12
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 Govemmen't 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, 2000.
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, Dixie Farley, Tina Hwang, and Chylene
Osborne, for their continued support and dedication. Special recognition goes to Jennifer Chang,
Carol Ferrell, and Dorothy Steenfott for their efforts in the preparation and production of this
report.
Respectfully submitted,
Carol A. Atwood
Director of Administrative Services
13
CITY OF CUPERTINO, CLIFORNIA
Fiscal Year 2000/01
COMMISSIONS AND COMMITTEES
CUPERTINO HOUSING COMMITTEE
Julia Abdala, Chairperson
Sarah Hathaway-Feit, Vice Chairperson
Cecilia K. Fu
Richard Schuster
FINE ARTS COMMISSION
Carl Orr, Chairperson
Hema Kundargi, Vice Chairperson
Nancy Canter
Shirley Lin Kinoshita
Janet Mohr
Barbara Phelps
Rita Young
PUBLIC SAFETY COMMISSION
Andrew Zander, Chairperson
Emma Darknell, Vice Chairperson
Philippe Dor
Marc Maj ewski
Bradley Tice
PARKS & RECREATION COMMISSION
Edye Stein, Chairperson
Frank Jelinch, Vice Chairperson
Jeanne Bradford
Roger Peng
Kris Wang
BIKE & PEDESTRIAN COMMITTEE
David Greenstein
Doug Herrick
Joe Stem
Stuart Chessen
Joe Walton
Anne Ng
TELECOMMUNICATIONS COMMISSION
Salvatore Algeri, Chairperson
L.T. Guttadauro, Vice Chairperson
Reginald Duhe'
David Eggleston
Ernest Tsui
LIBRARY COMMISSION
Katherine Stakey, Chairperson
Yuhfen Diana Wu, Vice Chairperson
Eno Schmidt
Sheila Mohan
Janet Riddell
PLANNING COMMISSION
Patrick Kwok, Chairperson
Charles Corr, Vice Chairperson
Marc Auerbach
Angela Chen
Geoff Pamoe
ECONOMIC DEVELOPMENT
Carol Atwood
Jody Hansen
Sandra James
Bill Jones
Dave Knapp
AUDIT COMMITTEE
Carol Atwood
Gillian Enos
Tom Hall
Richard Lowenthal
Orrin Mahoney
Steve Piasecki
Ralph Qualls
Sandra James
Richard Lowenthal
CITY OF CUPERTINO, CALIFORNIA
Fiscal Year 2000/01
CITY COUNCIL
Mayor - Sandra James
Vice Mayor - Richard Lowenthal
Councilmember - Don Bumett
Councilmember - Michael Chang
DIRECTORY OF CITY OFFICIALS
David W. Knapp - City Manager
Charles T. Kilian - City Attomey
Sandy Abe - Human Resources Manager
Carol Atwood - Director of Administrative Services
Rick Kitson - Public Information Officer
Steve Piasecki - Director of Community Development
Ralph Qualls- Director of Public Works
Kimberly Smith - City Clerk
Therese Smith - Director of Parks and Recreation
16
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, 2000
A Certificate of Achievement for Excellence m 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.
Director
-- 17
NOTES
18
FINANCIAL SECTION
19
NOTES
20
$$0CIA T£$
ACCOUNTANCY CORPORATION
1931 San Miguel Drive - Suite 100
Walnut Creek, California 94596
(925) 930-0902 · FAX (925) 930-0135
E-Mail: rnaze@mazeassociates, com
Website: www. mazeassociates, com
INDEPENDENT AUDITOR'S REPORT ON
GENERAL PURPOSE FINANCIAL STATEMENTS
To the City Council
City of Cupertino, California
We have audited the general purpose financial statements of the City of Cupertino as of and for the
years ended June 30, 2001 and 2000, 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 in 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 amounts 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 opimon, the general purpose fmancial statements referred to above present fairly in all
material respects the financial position of the City of Cupertino at June 30, 2001 and 2000 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.
The general purpose financial statements referred to above follow the requirements of the
Government Accounting Standards Board's Statement 33, Accounting and Financial Reporting for
Nonexchange Transactions, which was implemented for the year ended June 30, 2001.
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 of 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.
October 12, 2001
21
A Professional Corporation
CITY OF CUPERTINO, CALIFORNIA
Combined Balance Sheet
All Fund Types and Account Groups
June 30, 2001
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 5)
Advance to other funds (Note 4)
Other debits:
Amount available in debt service fund
Amount to be provided for retirement
of general long-term debt
General
$ 23,144,218 $
2,095,372
2,394,217
! 29,473
118,748
Governmental Fund Types
Special Debt Capital
Revenue Service Projects
5,458,224 $
354,497
1,508,047
5,147,350
$ 7,780,724
343,139
Total assets and other debits
See accompanying notes to general purpose financial statements.
$ 27,882,028 $ 7,320,768 $ 5,147,350 $ 8,123,863
22
Proprietary Fund Types
Fiduciary
Fund Types
Internal
Enterprise Service Agency
$ 7,230,097 $ 1,800,111 $ 125,394 $
324,408
56,024 8,717
822,573 1,983,162
Account Groups
General
Fixed
Assets
General
Long-Term
Debt
97,412,109
5,147,350
39,597,650
Totals
(Memorandum
only)
$ 50,686,118
3,117,416
3,902,264
194,214
100,217,844
!18,748
5,147,350
39,597,650
$ 8,433,102 $ 3,791,990 $ 125,394 $ 97,412,109 $ 44,745,000 $ 202,981,604
(continued)
23
CITY OF CUPERTINO, CALIFORNIA
Combined Balance Sheet
All Fund Types nnd Account Groups - Continued
June 30, 2001
Liabilities, equity and other credits
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deposits
Deferred revenue
Advance from other funds (Note 4)
Certificates of Participation (Note 6)
Total liabilities
Governmental Fund Types
General
Special Debt Capital
Revenue Service Projects
807,762 $
1,728,527
1,076,205
148,412
129,093 $ 1,250
57,587
392,625
118,748
188,879
252,490
3,760,906
698,053 1,250
441,369
Equity and other credits:
Investment in general fixed assets
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 7)
Undesignated
Total equity and other credits
Total liabilities, equity and other credits
See accompanying notes to general purpose financial statements.
318,303
2,394,217
2,189,711
1,109,145
118,748
1,322,411
1,115,422
5,146,100
3,168,258
17,990,998 1,921,919 1,627,391
2,262,963 2,886,845
24,121,122 6,622,715 5,146,100 7,682,494
27,882,028 $ 7,320,768 $ 5,147,350 $ 8,123,863
24
Proprietary Fund Types
Internal
Enterprise Service
Fiduciary
Fund Types
Agency
1,838,372 $ 40,489 $
223,966 463,787
140,460
595,174
125,394
2,797,972 504,276 125,394
Account Groups
General
Fixed
Assets
General
Long-Term
Debt
$ $
44,745,000
44,745,000
Totals
(Memorandum
only)
$ 3,005,845
2,473,867
1,342,059
!,388,701
118,748
44,745,000
53,074,220
382,283
5,635,130 2,905,431
5,635,130 3,287,714
97,412,109
97,412,109
97,412,109
382,283
8,540,561
4,808,972
5,146,100
3,509,639
2,189,711
1,109,145
118,748
21,540,308
5,149,808
149,907,384
$ 8,433,102 $ 3,791,990 $ 125,394 $ 97,412,109 $ 44,745,000 $ 202,981,604
25
NOTES
26
CITY OF CUPERTINO, CALIFORNIA
Combined Statement of Revenues, Expenditures and Changes in Fund Balances
All Governmental Fund Types
For the Fiscal Year Ended June 30, 2001
Revenues: Taxes
Use of money and property
Intergovernmental
Licenses and permits
Charges for services
Fines and forfeitures
Other revenue
Total revenues
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
Governmental Fund Types
Special Debt Capital
General Revenue Service Projects
23,596,638 $ 263,138 $ - $ $
2,694,224 348,389 294,038
3,255,250 1,928,706 - 300,000
1,230,060
330,509 657,054 -
470,627 -
132,651 119,664 - 183,036
31,709,959 3,316,951 294,038 483,036
1,387,086
5,351,653
617,894
3,000,095
1,774,484
2,535,745
8,506,268
32,978
165,143
2,472,882
684,113
2,260,000
2,684,710
4,664,265
Totals
(Memorandum
only)
23,859,776
3,336.651
5.483,956
1.230,060
987,563
470,627
435,351
35,803,984
1,387,086
5,351,653
617,894
3,033,073
1,774,484
2,700,888
10,979,150
5,348,378
2,260,000
2,684,710
23,173,225 3,355,116 4,944,710 4.664,265 36,137,316
8,536,734 (38,165) (4,650,672) (4,181,229) (333,332)
Other financing sources (uses):
Operating transfers in
Operating transfers out
1,200,000 2,541,575 4,663,000 6,590,899
(13,530,185) (1,019,080) - (200,000)
14,995,474
(14,749,265)
Total other financing sources (uses)
Excess (deficiency) of revenues
over (under) expenditures
and other financing sources (uses)
(12,330,185) 1,522,495 4,663,000 6,390,899
(3,793,451) 1,484,330 12,328 2,209,670
246,209
(87,123)
Fund balances, beginning of year
27,699,320 5,138,385 5,133,772 5,688,077 43,659,554
Residual equity transfer
215,253 (215,253)
Fund balances, end of year $ 24,121,122
See accompanying notes to general purpose financial statements.
$ 6,622,715 $ 5,146,100
27
$ 7,682,494 $ 43,572,431
CITY OF CUPERTINO, CALIFORNIA
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual
General, Special Revenue and Debt Service. Funds
For the Fiscal Year Ended June 30, 2001
Revenues: Taxes
Use of money and property
Intergovernmental
Licenses and permits
Charges for services
Fines and forfeitures
Other revenue
Total revenues
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
Other financing sources (uses):
Operating transfers in
Operating transfers out
Total other financing sources (uses)
Excess (deficiency) of revenues over (under)
expenditures and other financing sources (uses)
Fund balances, beginning of year
Residual equity transfer
Fund balances, end of year
General Fund
Amended
Budget
Actual
$ 23,003,000 $ 23,596,638
2,131,000 2,694,224
2,756,063 3,255,250
1,310,000 1,230,060
585,000 330,509
500,000 470,627
100,000 132,651
Variance
Favorable
(Unfavorable)
$ 593,638
563,224
499,187
(79,940)
(254,491)
(29,373)
32,651
30,385,063 31,709,959 1,324,896
1,525,595 1,387,086
5,687,278 5,351,653
625,307 617,894
3,017,477 3,000,095
1,792,960 1,774,484
2,536,141 2,535,745
9,366,608 8,506,268
24,551,366 23,173,225
5,833,697 8,536,734
1,200,000 1,200,000
(13,530,185) (13,530,185)
(12,330,185) (12,330,185)
138,509
335,625
7,413
17,382
18,476
396
860,340
1,378,141
2,703,037
(6,496,488) (3,793,451) 2,703,037
27,699,320 27,699,320
215,253 215,253
$ 21,202,832 $ 24,121,122 $
2,918,290
See accompanying notes to general purpose financial statements.
28
Special Revenue Funds
Variance
Amended Favorable
Budget Actual (Unfavorable)
143,000 $ 263,138 $ 120,138 $
248,000 348,389 100,389
1,693,024 1,928,706 235,682
335,000 657,054 322,054
143,000 119,664 (23,336)
Debt Service Funds
Amended
Budget
Actual
Variance
Favorable
(Unfavorable)
$ $
300,000 294,038 (5,962)
2,562,024 3,316,951 754,927 300,000 294,038 (5,962)
37,000 32,978 4,022
524,508 165,143 359,365
2,668,474 2,472,882 195,592
5,316,301 684,113 4,632,188
2,260,000
- 2,703,000
8,546,283 3,355,116 5,191,167 4,963,000
(5,984,259) (38,165) 5,946,094 (4,663,000)
2,541,575 2,541,575 - 4,663,000
(330,920) (1,019,080) (688,160) -
2,210,655 1,522,495 (688,160) 4,663,000
2,260,000
2,684,710 18,290
4,944,710 18,290
(4,650,672) 12,328
4,663,000
4,663,000 -
(3,773,604) !,484,330 5,257,934 -
5,138,385 5,138,385 5,133,772
12,328 12,328
5,133,772 -
$ 1,364,781 $ 6,622,715 $ 5,257,934 $ 5,133,772 $ 5,146,100 $
12,328
29
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, 2001
Operating revenues:
Charges for services
Other
Enterprise
Total operating revenues
Operating expenses:
Salaries and benefits
Materials and supplies
Contractual services
Insurance and claims
Depreciation
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):
Interest income
Total nonoperating revenues (expenses)
Net income before operating transfers
Operating transfers:
Operating transfers in
Operating transfers out
Net operating transfers
Net income
Retained earnings, beginning of year
Retained earnings, end of year
$ 6,954,175
226,051
See accompanying notes to general purpose financial statements.
7,180,226
1,423,552
1,144,773
3,271,142
77,020
5,916,487
1,263,739
439,798
439,798
1,703,537
(530,427)
(530,427)
1,173,110
4,462,020
5,635,130
Internal
Service
$ 1,819,975
1,819,975
507,645
448,522
275,910
187,153
507,179
1,926,409
(106,434)
112,904
112,904
6,470
284,218
284,218
290,688
2,614,743
$ 2,905,431
Totals
(Memorandum
only)
$ 8,774,150
226,051
9,000,201
1,931,197
1,593,295
3,547,052
187,153
584,199
7,842,896
1,157,305
552,702
552,702
1,710,007
284,218
(530,427)
(246,209)
1,463,798
7,076,763'
$ 8,540,561
30
CITY OF CUPERTINO, CALIFORNIA
Combined Statement of Cash Flows
All Proprietary Fund Types
For the Fiscal Year Ended June 30, 2001
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 in
Operating transfers out
Net cash provided (used) by noncapital
financing activities
Cash flows from capital and related financing activities:
Purchase of fixed assets
Net cagh used by capital'
and related financing activities
Cash flows provided by investing activities:
Interest received
Net cash provided by investing activities
Net increase (decrease) in cash and investments
Cash and investments, beginning of year
Cash and investments, end of year
Enterprise
Internal
Service
$ 7,503,690 $ 1,851,028
(4,227,743) (1,230,815)
(1,421,959) (58,266)
1,853,988
(530,427)
(530,427)
(28,383)
(28,383)
439,798
439,798
1,734,976
5,495,121
$ 7,230,097 $
561,947
284,218
284,218
(639,371)
(639,371)
112,904
112,904
319,698
1,480,413
1,800,111
Totals
(Memorandum
only)
$ 9,354,718
(5,458,558)
(1,480,225)
2,415,935
284,218
(530,427)
(246,209)
(667,754)
(667,754)
552,702
552,702
2,054,674
6,975,534
$ 9,030,208
(continued)
- 31
CITY OF CUPERTINO, CALIFORNIA
Combined Statement of Cash Flows
All Proprietary Fund Types
For the Fiscal Year Ended June 30, 2001
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 (increase) in accounts receivable
Decrease (increase) in prepaid expense
Increase (decrease) in accounts payable and accruals
Increase (decrease) in vacation payable
Increase (decrease) in deposits
Total adjustments
Net cash provided (used) by operating activities
See accompanying notes to general purpose financial statements.
Enterprise
$ 1,263,739
77,020
380,334
(56,024)
86,612
44,983
57,324
590,249
Internal
Service
Totals
(Memorandum
only)
$ (106,434) $ 1,157,305
507,179
31,053
(319,230)
449,379
668,381
$ 1,853,988 $ 561,947 $
584,199
411,387
(56,024)
(232,618)
494,362
57,324
1,258,630
2,415,935
32
NOTES TO GENERAL PURPOSE
FINANCIAL STATEMENTS
33
NOTES
34
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(1)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a) Reporting Entity
The City of Cupertino, Califomia (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, Community 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 Department 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 controlled 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,
construction, 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 President and Vice
President, respectively, of the Corporation. The City Clerk has been elected
Secretary, and the City's Director of Administrative Services has been appointed
Treasurer.
35
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(1)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(b) Measurement Focus, Basis of Accounting 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 contractual 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, interest 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 incun'ed and
all other grant requirements have been met. Other receipts and taxes are
recognized as revenue when the cash is received.
36
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(1)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(b) Measurement Focus, Basis of Accounting 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 similar 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.
37
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June30,2001
(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
departments 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 fixed assets account group is used to account for
fixed assets not accounted for in proprietary fimds. The general long-term debt
account group is used to account for general long-term debt and certain other
liabilities that are not specific liabilities of proprietary fimds.
GASB 33 Non-Exchange Transaction - Non-exchange transactions, in which the
City gives or receives value without directly receiving or giving equal value in
exchange, include taxes, grants, entitlements, and donations. On an accrual basis,
revenue from taxes is recognized in the fiscal year for which the taxes are levied
or assessed. Revenue from grants, entitlements, and donations is recognized in
the fiscal year in which all eligibility requirements have been satisfied.
(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.
38
(1)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(c)
(d)
Budgetary Practices (continued)
The City Manager is 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 increases 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 $7,559,153 in supplemental appropriations during the
year as follows: general fund $3,271,192; special revenue funds $4,287,961.
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.
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 wan'ants.
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.
39
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(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 judgments 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.
40
(1)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(h) Fund Equity
(i)
(J)
Contributed capital is recorded in proprietary funds that have received capital
grants or contributions 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
restricted for a specific future use. Designated fund balances represent
management's tentative plans for future use of financial resources.
Property Tax Calendar
All property taxes are levied and collected by the County of Santa Clara. 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, in fiscal year 1993-94, adopted an alternative method of property tax
distribution (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.
Interfund Transactions
Quasi-external transactions are accounted for as revenues, expenditures, or
expenses. Transactions constituting reimbursements to a fund for
expenditures/expenses initially made from 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 permanent transfers of equity between funds are
reported as residual equity transfers. All other interfund transfers are reported as
operating transfers.
41
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
(k)
(1)
(m)
(n)
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
account.
Memorandum Only - Total Columns
Total columns 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.
Classification Changes
For the year ended June 30, 2001, certain account classifications have been
changed to improve financial statement presentation. For comparative purposes,
prior year balances have been reclassified to conform with the fiscal year 2001
presentation.
Residual Equity Transfer
During the fiscal year ended June 30, 2001, the City closed the Stevens Creek
Boulevard and the Creekside Park Capital Project Funds and made residual equity
transfers to the General Fund in the amounts of $11,319 and $203,934,
respectively.
42
(2)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
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 maintains a cash and investment pool that is available for use by all funds. Each
fund type's portion of this pool is displayed on the combined balance sheet as "cash and
investments".
(a) Deposits
Califomia law requires banks and savings and loan institutions to pledge
government securities with a market value of 110% of the City's cash on deposit
or first trust deed mortgage notes with a value of 150% of the deposit as collateral
for these deposits. Under California law this collateral is held in the City's name
and places the City ahead of general creditors of the institution. The City has
waived collateral requirements for the portion of deposits covered by federal
deposit insurance.
Cash in banks is entirely insured (Category 1) or collateralized by the institution
holding the deposit (Category 2), as discussed above.
The carrying amount of the City's cash deposits was $53,962 at June 30, 2001.
Bank balances before reconciling items were $53,962 all of which was insured
(Category 1) at June 30, 2001.
(b) Investments
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 um'egistered, and held
by the counterparty or by its trust department or agent, but not in the City's name.
43
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(2)
CASH AND INVESTMENTS (continued)
(b)
Investments (continued)
The City's investment portfolio is stated at fair value based on quotes obtained at
June 30, 2001. It is generally the City's intent to hold investments until maturity.
At year end, the City's investment balances were as follows:
Fair
Category 1 Category 2 Category 3 Value
Certificates of Deposit $38,962 ...... $38,962
U.S. Treasury Notes $12,206,095 ...... $12,206,095
U.S. Agency Securities $6,147,413 ...... $6,147,413
Repurchase Agreement $2,833,424 ...... $2~833,424
Subtotal $21,225,894 $ - 0- $ - 0 - $21,225,894
Investments not subject
to categorization:
State Local Agency Investment Fund
Money Market Accounts
Cash with Fiscal Agents
Petty Cash
Total cash and investments
27,306,940
2,131,265
15,000
7,019
$50,686,118
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 amounts based upon the City's pro-
rata share of the fair value provided by LAIF for the entire LAIF 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.
44
(3)
(4)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
RELATED PARTY LOAN
During the fiscal year, a housing relocation loan provided by the City to a former
executive manager of $239,000 was paid in full.
In conjunction with the City's executive housing assistance program, loans totaling.
$1,535,860 have been provided to three executive managers. These 40-year loans bear an
interest rate equal to the 11th district cost of funds at the time of the loan, and require
monthly principal and interest payments. In addition, there is a two pement deferral on
the interest rate for the first five years of the loan. At June 30, 2001, the balance
remaining on the three loans was $1,502,365.
ADVANCES
As of June 30, 2001, advance from the General Fund to the Environmental Management
Special Revenue Fund amounted to $15,648 which is not expected to be repaid within the
next fiscal year.
As part of the formation of the Redevelopment Agency project area, the General Fund
advanced the Redevelopment Vallco Special Revenue Fund $103,100 as of June 30,
2001. Included in this advance is $25,775 which will be allocated to low and moderate
housing. This obligation is expected to be repaid from tax increment revenue once the
project area is formed.
_ 45
(5)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
FIXED ASSETS
A summary of changes in general fixed assets follows:
Land
Buildings
Improvements
other than
buildings
Equipment
Construction
in progress
Balance Balance
July 1,2000 Additions Deletions June 30,2001
$60,835,080 $ --- $ --- $60,835,080
11,877,756 402,672 --- 12,280,428
19,062,134 ...... 19,062,134
1,238,884 284,016 1,566 1,521,334
1,167,294 2,545,839 .... 3,713,133
$94,181,148 $3,232,527 1,566 $97,412,109
The following is a summary of proprietary fund fixed assets:
Enterprise
Internal Service
Land $ 389,929 $ ---
Improvements 635,500 ---
Equipment 341,003 4,314,007
Less: accumulated depreciation (543~859) (2,330,845)
Net fixed assets $ 822,573 $1,983,162
46
(6)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
LONG-TERM DEBT
The following is a summary of the changes in long-term debt:
Certificates
of Participation
Balance July 1, 2000
$47,005,000
Retirements
(2,260,000)
Balance June 30,2001
$44,745,000
(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 from 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).
_ 47
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2000
(6)
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 deferred debt was
fully repaid on March 31, 2001.
The related debt service requirements at June 30, 2001, follows:
1992 Capital Improvement
Refunding A
Fiscal Year Ending June 30
Principal Interest Total
2002
2003
2004
2005
2006
Thereafter
$ 345,000 $ 466,094 $ 811,094
370,000 446,688 816,688
390,000 425,412 815,412
415,000 402,500 817,500
440,000 378,638 818,638
6,145,000 2,115,428 8,260,428
Total $8,105,000
$4,234,760 $12339,760
The effective interest on these certificates averages 5.69%.
48
(6)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
LONG-TERM DEBT (continued)
(a) Cupertino Public Facilities Corporation Certificates of Participation (continued)
1992 Wilson/Memorial
Refunding B
Fiscal Year Ending June 30 Principal Interest Total
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
2006 1,000,000 325,000 1,325,000
Thereafter 4,200,000 635,000 4,835,000
Total
$8.665.000 $2.794.908 $11:459,908
The effective interest rate on these certificates averages 5.98%.
1993 Open Space
Refunding A
Fiscal Year Ending June 30 Principal Interest Total
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
2006 1,530,000 1,255,513 2,785,513
Thereafter 21,070,000 6,614,513 27,684,513
Total
$27.975.000 $I3.667.13~4 $41.642.13~4
The effective interest rate on these certificates averages 5.62%.
(b) 1915 Act Bonds Without City Commitment
The City acts as agent for the property owners of parcels upon which assessments
'were made for local improvements. The City collects the assessments and
forwards the collections to bond holders. The City is not directly liable for the
repayment of special assessment district bonds as such bonds and interest payable
are secured by fixed lien assessments on real property; however, the City has
determined that it is not probable that the government would assume
responsibility for all or part of the debt in the event of default. The amount of
unmatured bond principal at June 30, 2001 was 235,000.
49
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(6)
LONG-TERM DEBT (continued)
(c) Conduit Debt
On October 1,2001, the City authorized the issuance of the multi-family housing
revenue bonds in an amount up to $1.6 million to assist a developer in financing
the cost of site acquisition and construction of a 24 unit multi-family rental
housing project. The bonds are payable solely out of loan repayments received
from the developer. The City has no legal or moral liability with respect to the
payment of this debt.
(7)
UNRESERVED, DESIGNATED FUND BALANCES
The unreserved-designated fund balances include amounts 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:
General Fund:
Economic Uncertainty
Disaster Preparedness
CIP - Future Acquisitions
CIP - Reserve
Special Revenue Funds, Gas Tax Projects
Capital Projects Funds, CIP
2001 2000
$ 2,500,000 $ 2,500,000
7,500,000 7,500,000
5,000,000 5,000,000
2,990,998 6,563,308
1,921,919 1,236,621
1,627,391 -
Total designated fund balances
$21.S40.30~8
$22.799.92__.____~9
50
(8)
(9)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
SEGMENT INFORMATION FOR ENTERPRISE FUNDS
The City operates five enterprise funds that 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, 2001, for each of these funds is as
follows:
Operating revenues
Resourc~ Blackberry Cul~rtino Recreation Senior
R~overy Farm Sport.5 Center Programs C~nter
$2,597,721 $1,703,050 $984,946 $1,594,926 $299,583
Total
$7,180,226
Depreciation 600 75,615 805 ...... 77,020
Operating m 806,128 213,543 124,286 226,785 (107,003) 1,263,739
Operating transfers
out --- (253,055) (275,000) (2,372) (530,427)
Net income (loss) 1,143,816 (2,524) 138,642 (14,224) (92,600) 1,173,1 I0
Property &
~quipment
additions
28,383 ......... 28,383
Net working
capital 4,031,391 109,824 393,526 100,227 177,589 4,812,557
Total asstns 5,759,122 1,301,175 475,735 631,636 265,434 8,433,102
Total equity 4,032,829 925,325 399,160 100,227 177,589 5,635,130
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, 2001, have yet to be conducted.
The amount, if any, of expenditures that 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.
-- 51
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(9)
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
2002 $ 120,000
2003 120,000
2004 120,000
2005 120,000
ThereaRer 1,440,000
Total future minimum rentals
As of June 30, 2001, 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. This
matter remains unresolved and, as of June 30, 2001, the $1.5 million has been included
as an accrued liability in the Resource Recovery Enterprise Fund. In accordance with
generally accepted accounting principles, the City will record revenue for recycling fees
when the dispute is settled.
52
CITY OF CUPERTINO, CALI~'ORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(10)
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 1999/00, 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 $5,216. 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 $7,000,000. 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, 1999
Incurred claims
Claim payments/credits
323,975
147,231
(136,436)
Claims liability, June 30, 2000
Incurred claims
Claim payments/credits
$334,770
144,122
(92,906)
Claims liability, June 30, 2001
$385.986
53
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(11)
OTHER POST RETIREMENT BENEFITS
Permanent employees who retire under the City's retirement 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 his/her 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 72
retirees participating in the plan as of June 30, 2001.
Retiree medical insurance premium expenses for the past five fiscal years ended June 30,
are as follows:
1997 $147,791
1998 162,021
1999 183,330
2000 244,824
2001 299,054
(12)
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 deferred compensation plans is
approximately $9,775,483 as of June 30, 2001, which have been excluded from the
financial statements.
54
(13)
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
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 pan 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 common 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 within the Public Employees' Retirement Law. The City selects
optional benefit provisions fi: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 financial
report may be obtained fi.om the CalPERS Executive Office, 400 P Street,
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 determined remaining amounts 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 2000/01 was 0.000%. The contribution
requirements of the plan members are established by State statute and the
employercontribution rate is established and may be amended by CalPERS.
55
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(13)
DEFINED BENEFIT PENSION PLAN (continued)
c) Annual Pension Cost:
For fiscal year 2000/01, the City's annual pension cost and the City's actual
contribution was $570,875. The required contribution for fiscal year 2000/01 was
determined as part of the June 30, 1999 actuarial 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 from 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, 2001 was 20 years.
Three year trend information for City of Cupertino:
Annual Percentage
Fiscal Year Pension of APC
Ending Cost (APC) Contributed
6/30/99 972,043 100.0%
6/30/00 651,527 100.0%
6/30/01 570,875 100.0%
56
CITY OF CUPERTINO, CALIFORNIA
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
June 30, 2001
(14) DEFICIT FUND BALANCE
(15)
As of June 30, 2001, the General Fund had advanced to the Redevelopment Agency
(RDA) $103,100 for legal and consulting fees. As the Vallco Agency Project Area was
not formalized until October 19, 2000, such expenditures have resulted in a deficit fund
balance of $77,414. Once the project tax increment is in place, the RDA will reimburse
the advance.
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 in the event
of a default. The restatement moved $370,085 to the Agency Fund Cash and Investments
for fiscal years ending 6/30/00.
As of June 30, 2001, the outstanding balance for these assessment bonds amounted to
$235,000.
57
CITY OF CUPERTINO, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
June 30, 2001
(1) Funding Analysis for CALPERS (in thousands)
Valuation
Date (Most Actuarial Actuarial Unfunded/
recent data Value of Accrued (Overfunded) Funded
available) Assets Liability Liability Ratio
Annual
Covered
Payroll
UAAL
As a % of
Covered
Payroll
6/30/96 $20,426 $19,779 $ (657) 103.3% $5,260 (12.3%)
6/30/97 23,929 20,607 (3,321) 116.1% 6,033 (55.1%)
6/30/98 28,773 22,734 (6,039) 126.6% 6,617 (91.3%)
6/30/99 34,055 25,154 (8,901) 135.4% 7,167 (124.2%)
58
GENERAL FUND
The General fund is the general operating fund of the City. It is used to account for all financial
resources except those that are required to be accounted for in another fund.
59
CITY OF CUPERTINO, CALIFORNIA
General Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Cash and investments
Receivables:
Accounts
Loans
Other assets
Advance to o~her funds
Total assets
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deposits
Deferred revenue
Total liabilities
Fund balances:
Reserved for encumbrances
Reserved for loans receivable
Reserved for affordable housing
Reserved for public access television
Reserved for advances
Unreserved:
Designated
Total fund balances
Total liabilities and fund balances
2001
$ 23,144,218
2,095,372
2,394,217
129,473
118,748
$ 27,882,028
$ 807,762
1,728,527
1,076,205
148,412
3,760,906
318,303
2,394,217
2,189,711
1,109,145
118,748
17,990,998
24,121,122
$ 27,882,028
2000
$ 27,080,562
1,605,709
2,366,357
74,844
68,260
$ 31,195,732
$ 585,752
1,574,659
1,223,673
112,328
3,496,412
443,204
2,366,357
2,045,642
1,212,549
68,260
21,563,308
27,699,320
$ 31,195,732
60
CITY OF CUPERTINO, CALIFORNIA
General Fund
Comparative Statements of Revenues, Expenditures and
Changes in Fund Balances
For the Fiscal Years Ended June 30, 2001 and 2000
Revenues:
Taxes
Use of money and property
Intergovernmental
Licenses and permits
Charges for services
Fines and forfeitures
Other revenue
2001
$ 23,596,638
2,694,224
3,255,250
1,230,060
330,509
470,627
132,651
Total revenues
31,709,959
Expenditures:
Current:
Administration
Law enforcement
Public information
Administrative services
Recreation services
Community development
Public works
1,387,086
5,351,653
617,894
3,000,095
1,774,484
2,535,745
8,506,268
Total expenditures
23,173,225
8,536,734
Excess of revenues over (under) expenditures
Other financing sources (uses):
Operating transfers in
Operating transfers out
1,200,000
(13,530,185)
Total other financing sources (uses)
(12,330,185)
Excess (defiency) of revenues
over (under) expenditures and
other financing sources (uses)
(3,793,451 )
27,699,320
Fund balances, beginning of year
Residual equity transfer
215,253
Fund balances, end of year
$ 24,121,122
2000
23,119,259
2,160,655
2,728,036
1,359,949
511,924
524,057
418,870
30,822,750
1,242,310
4,693,565
796,458
2,387,662
1,536,152
2,074,080
7,821,082
20,551,309
10,271,441
725,000
(9,259,514)
(8,534,514)
1,736,927
25,962,393
27,699,320
_ 61
NOTES
62
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-
point source pollution program.
Gas Tax - Accounts for the City's gas tax apportionment revenues and expenditures
related to the maintenance and construction 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 rules.
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.
-- 63
Assets
Cash and investments (Note 2)
Accounts receivable
Loans receivable (Note 3)
Total assets
CITY OF CUPERTINO, CALIFORNIA
Special Revenue Funds
Combining Balance Sheet
June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
Storm Park
Drain Dedication
$ 1,478,244 $ 246,384
Environmental
Management
$
161,070
$ 1,478,244 $ 246,384 $
161,070
Gas
$ 3,265,208
92,859
$ 3,358,067
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deferred revenue
Advance from other funds
Total liabilities
$ $ $
11,038 $ 99,908
43,661 13,829
15,648
70,347
113,737
Fund balances:
Reserved for encumbrances
Reserved for loans receivable
Unreserved:
Designated
Undesignated
Total fund balances
Total liabilities and fund balances
1,478,244 246,384 90,723
1,478,244 246,384 90,723
$ 1,478,244 $ 246,384 $
161,070
1,322,411
1,921,919
3,244,330
$ 3,358,067
64
Housing
Development
461,627 $
68,481
1,508,047
2,038,155 $
Leadership
Cupertino
6,761 $
6,761 $
Redevelopment
Vallco
32,087
Tomls
2001
2000
5,458,224 $ 3,682,513
354,497 634,638
1,508,047 1,582,176
32,087 $ 7,320,768 $ 5,899,327
10,182 $
97
392,625
1,564 $
6,401 $ 129,093$ 179,684
57,587 51,034
392,625 461,964
103,100 118,748 68260
402,904 1,564 109,501 698,053 760,942
1,115,422
519,829
1,635,251
2,038,155 $
5,197
5,197
(77,414)
(77,414)
1,322,411 317,318
1,115,422 1,120,212
1,921,919
2,262,963 3,700,855
6,622,715 5,138,385
6,761 $ 32,087 $ 7,320,768 $ 5,899,327
65
CITY OF CUPERTINO, CALIFORNIA
Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
Storm Park Environmental
Drain Dedication Management
Revenues:
Taxes
Use of money and property
Intergovernmental
Charges for services
Other revenue
17,655 $ 245,483 $
99,177 16,791 1,776
- 348,572
Total revenues
Gas
Expenditures:
Administrative Services
Community development
Public works
Capital outlay
$
131.007
1,857,959
308,482
Total expenditures
Excess (deficiency) of revenues over
(under) expenditures
Other financing sources (uses):
Operating transfers in
Operating transfers out
Net other financing sources (uses)
Excess (deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
116,832 262,274 350,348 2,297,448
357,443
357,443
116,832 262,274 (7,095)
(675,000)
(675,000) -
Fund balances, beginning of year
116,832 (412,726)
Fund balances, end of year
1,361,412 659,110
(7,095)
97,818
2,115,439
68~113
2,799,552
(502,104)
2,536,575
(344,080)
2,192,495
1,690,391
1,553,939
$ 1,478,244 $ 246,384 $ 90,723 $ 3,244,330
66
Housing
Development
Leadership
Cupertino
$ $ - $
99,638 -
70,747 -
21,925
170,385
21,925
Redevelopment
Vallco
97,739
97,739
Totals
2001
2000
263,138 $
348,389
1,928,706
657,054
119,664
3,316,951
468,200
286,717
1,852,868
375,983
130,068
3,113,836
56,652
56,652
113,733
32,978
32,978
(11,053)
5,000
5,000
108,491
108,491
(10,752)
32,978
165,143
2,472,882
684,113
3,355,116
(38,165)
2,541,575
(1,019,080)
1,522,495
23,092
275,794
4,659,684
551,633
5,510,203
(2,396,367)
1,547,840
(418,300)
1,129,540
113,733
1,521,518
$ 1,635,251 $
(6,053)
11,250
5,197 $
(10,752)
(66,662)
(77,414) $
1,484,330
5,138,385
6,622,715 $
(1,266,827)
6,405,212
5,138,385
67
CITY OF CUPERTINO, CALIFORNIA
Storm Drain Special Revenue Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Cash and investments
Total assets
2001
1,478,244
1,478,244
2000
1,361,412
1,361,412
Liabilities and fund balances
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
1,478,244
1,478,244
$ 1,478,244
1,361,412
1,361,412
1,361,412
68
Revenues:
Taxes
Use of money and property
Total revenues
Expenditures:
Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
CITY OF CUPERTINO, CALIFORNIA
Storm Drain Special Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
2001
Amended
Budget
Actual
Variance
Favorable
(Unfavorable)
(50,345) $
43,177
(7,168)
1,100,255
1,100.255
$ 68,000 $ 17,655 $
56,000 99,177
124,000 116,832
1,100,255 -
1,100,255 -
(976,255) 116,832
1,361,412 1,361,412
$ 385,157 $ 1,478,244 $
!,093,087
1,093,087
2000
Actual
60,200
72,957
133,157
59,487
59,487
73,670
1,287,742
$ 1,361,412
69
CITY OF CUPERTINO, CALIFORNIA
Park Dedication Special Revenue Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Cash and investments
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Total liabilities
Fund balances:
Unreserved:
Undesignated
Total fund balances
2001
$ 246,384
$ 246,384
$ 246,384
2000
$ 659,178
68
68
$ 659,110
$ 659,178
7O
CITY OF CUPERTINO, CALIFORNIA
Park Dedication Special Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
2001
Variance
Amended Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 75,000 $ 245,483 $ 170,483
Use of money and property 16,791 16.791
Total revenues 75,000 262,274 ! 87,274
Expenditures:
Capital outlay 211,653 - 211,653
Total expenditures 211,653 - 211,653
Excess of revenues over expenditures
2000
Actual
Other financing sources (uses):
Operating transfers out
408,000
32,146
Excess (deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
440,146
21,370
21,370
Fund balances, beginning of year
(136,653) 262,274 398,927 418,776
Fund balances, end of year
(675,000) (675,000)
(811,653) (412.726) 398,927
659,110 659,110
$ (152,543) $ 246,384 $ 398,927 $
(400,000)
18,776
640,334
659,110
71 :
CITY OF CUPERTINO, CALIFORNIA
Environmental Management Special Revenue Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Cash and investments
Accounts receivable
Total assets
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Advance from other funds
Total liabilities
2001
161,070
161,070
11,038
43,661
15,648
70,347
2000
146,473
146,473
10,266
38,389
48,655
Fund balances:
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
90,723
90,723
161,070
97,818
97,818
146,473
72
Revenues:
CITY OF CUPERTINO, CALIFORNIA
Environmental Management Special Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
2001
Amended
Budg~
Actual
Variance
Favorable
(Unfavorable)
(6,224) $
13,572
7,348
97
97
Use of money and property
Charges for services
Total revenues
Expenditures:
Public works
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
$ 8,000 $ 1,776 $
335,000 348,572
343,000 350,348
357,540 357,443
357,540 357,443
(14,540) (7,095)
97,818 97,818
$ 83,278 $ 90,723 $
7,445
20OO
Actual
7,602
342.323
349,925
526,105
526,105
(176,180)
273,998
7,445 $ 97,818
_ 73
CITY OF CUPERTINO, CALIFORNIA
Gas Tax Special Revenue Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Cash and investments
Accounts receivable
Total assets
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Total liabilities
Fund balances:
Reserved for encumbrances
Unreserved:
Designated
Total fund balances
Total liabilities and fund balances
2001
3,265,208
92,859
3,358,067
99,908
13,829
113,737
1,322,411
1,921,919
3,244,330
3,358,067
2000
$ 1,117,736
596,279
$ 1,714,015
$ 148,973
11,103
160,076
317,318
1,236,621
1,553,939
$ 1,714,015
74
Revenues'
Use of money and property
Charges for service
Intergovernmental
Total revenues
Expenditures.'
Public works
Capital outlay
Total expenditures
Excess (deficency) of revenue
over (under) expenditures
Other financing sources (uses):
Operating transfers in
Operating transfers out
Total 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
CITY OF CUPERTINO, CALIFORNIA
Gns Tax Special Revenue Fund
Statement of Revenues, Expenditures and
Chnnges in Fund Bnlances - Budget nnd Actual
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
2001
Amended
Budget Actual
15,000 $ 131,007
308,482
1,645,024 1,857,959
Variance
Favorable
(Unfavorable)
$ !16,007
308,482
212,935
2000
Actual
20,010
33,660
1.803,657
1,660,024 2,297,448 637,424 1,857,327
2,310,934 2,115,439 195,495 4,133,579
4,004,393 684,113 3,320,280 470,776
6,315,327 2,799,552 3,515,775 4,604,355
(4,655,303) (502,104) 4,153,199 (2,747,028)
2,536,575 2,536,575
344.080 (344,080)
(688.160)
(688,160)
3,465,039
$ 3,465,O39 $
2,880,655 2,192,495
(1,774,648) 1,690,391
1,553,939 1,553,939
$ (220,709) $ 3,244,330
1,542,840
(18,300)
1,524,540
(1,222,488)
2,776,427
1,553,939
75
CITY OF CUPERTINO, CALIFORNIA
Housing Development Special Revenue Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
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
Fund balances:
Reserved for loans receivable
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
2001
$ 461,627
68,481
1,508,047
$ 2,038,155
10,182
97
392,625
402,904
1,115,422
519,829
1,635,251
2,038,155
2000
386,444
32,873
1,582,176
2,001,493
16,469
1,542
461,964
479,975
1,120,212
401,306
1,521,518
2,001,493
76
CITY OF CUPERTINO, CALIFORNIA
Housing Development Special Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
2001
Variance
Amended Favorable
Budget Actual (Unfavorable)
Revenues:
Use of money and property
Intergovernmental
$ 169,000 $ 99,638 $ (69,362) $
48,000 70,747 22,747
Total revenues
2000
Expenditures:
Community development
Total expenditures
Excess (deficency) of revenues
over (under) expenditures
Excess (deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
Actual
Fund balances, beginning of year
154,002
49,211
Fund balances, end of year
217,000 170,385 (46,615) 203,213
415,508 56,652 358,856 100,709
415,508 56,652 358,856 100,709
(198,508) 113,733 312,241 102,504
(198,508) 113,733 312,241 102,504
1,521,518 1,521,518
$ 1,323,010 $ 1,635,251 $ 312,241 $
1,419,014
1,521,518
_ 77
CITY OF CUPERTINO, CALIFORNIA
Leadership Cupertino Special Revenue Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Cash and investments
Total assets
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Fund balances:
Unreserved:
Undesignated
Total fund balances
2001
6,761
6,761
1,564
5,197
6,761
2000
11,270
11,270
20
11,250
11,270
78
Revenues'
Other revenue
Total revenues
Expenditures'
Administrative Services
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 of year
CITY OF CUPERTINO, CALIFORNIA
Leadership Cupertino Special Revenue Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances = Budget and Actual
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
2001
Amended
Budget
Actual
Variance
Favorable
(Unfavorable)
2O00
Actual
$ 34,000 $ 21,925 $ (12,075) $ 21,645
34,000 21,925 (12,075) 21.645
37,000 32,978 4,022 23,092
37,000 32,978 4,022 23,092
(3,000) (11,053) (8,053) (1.447)
5,000 5,000 - 5,000
2,000 (6,053) (8,053) 3,553
11,250 il,250 - 7,697
$ 13,250 $ 5,197 $ (8,053) $ 11,250
_ 79
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 CUPERTINO, CALIFORNIA
Redevelopment Vallco Special Revenue Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
2001
$ 32,087
$ 32,087
$ 6,401
103,100
109,501
(77,414)
$
$
$ 32,087 $
2000
5,486
5,486
3,888
68,260
72,148
(66,662)
5,486
80
Revenues:
Other revenue
Total revenues
Expenditures:
Community Developmmt
To~ cx~ndim~
Excess (dcfici~cy) of ~v~ucs
over (under) cx~ndim~
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, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
2001
Amended
Budget Actual
Variance
Favorable
(Unfavorable)
$ 109,000 $
97,739
109,000 97,739
109,000 ! 08,491
109,000 108,49 !
- (10,752)
(!I,261) $
(11,261)
509
509
(10,752)
2000
Actual
108,423
108.423
175,085
175,085
(66.662)
Excess (deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
Fund balances, beginning of year
Fund balances, end of year
(66,662)
(10,752)
(66.662)
(10,752)
(66,662)
$ (66,662) $ (77,414) $ (10,752) $ (66,662)
NOTES
82
DEB T 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.
83
Assets
Cash and investments
Total assets
CITY OF CUPERTINO, CALIFORNIA
Debt Service Funds
Comparative Balance Sheet
June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
Public Totals
Facilities Corp. 2001 2000
$ 5,147,350 $ 5,147,350 $ 5,133,772
$ 5,147,350 $ 5,147,350 $ 5,133,772
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Total liabilities
Fund balances:
Reserved for debt service
Total liabilities and fund balances
1,250 $ 1,250 $
1,250 1,250
5,146,100 5,146,100 5,133,772
5,147,350 $ 5,147,350 $
5,133,772
84
Revenues:
Use of money and property
Other
Total revenues
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 of year
CITY OF CUPERTINO, CALIFORNIA
Public Facilities Corporation Debt Service Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances = Budget nnd Actual
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
200 I
Amended
Budget Actual
$ 300,000 $ 294,038 $
300,000 294,038
2,260,000 2,260,000
2,703,000 2,684,710
4,963,000 4,944,710
(4,663,000) (4.650,672)
4,663,000 4,663,000
5,133,772
12,328
5,133,772
$ 5,133,772 $ 5,146,100 $
Variance
Favorable
(Unfavorable)
(5,962) $
(5,962)
18,290
18,290
12.328
12,328
12,328 $
2000
Actual
418,640
174.405
593.045
2,155,000
2,798,360
4,953,360
(4,360,315)
4,497,000
136,685
4,997,087
5,133,772
- 85
NOTES
86
CAPITAL PROJECT 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 construction 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 DeAnza Boulevard and Stevens Creek
Boulevard.
Sports Center Building - Accounts for activities related to the design and constraction of
a new Sports Center.
_ 87
CITY OF CUPERTINO, CALIFORNIA
Capital Projects Funds
Combining Balance Sheet
June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
Assets
Cash and investments
Accounts receivable
Total assets
Capital
Improvement
Projects
$ 2,796,947 $
343,139
$ 3,140,086 $
Stevens
Creek
Boulevard
Creekside
Park
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Deferred revenue
Total liabilities
$ 183,198
252,490
435,688
$ $
Fund balances:
Reserved for encumbrances
Unreserved:
Designated
Undesignated
Total fund balances
Total liabilities and fund balances
936,037
1,627,391
140,970
2,704,398
$ 3,140,086 $ - $
88 ¸'
Library
Remodel
2,573,337 $
Senior Center
Expansion
331,941 $
Four Seasons
Park
389,678 $
Sports Center
Building
1,688,821 $
Total
2001
2000
6,133,590
7,780,724 $
343,139
$ 2,573,337 $ 331,941 $ 389,678 $ 1,688,821 $ 8,123,863 $ 6,133,590
5,665 $
5,665
16 $
16
$ 188,879 $ 445,513
252,490
441,369 445,513
1,999,335
568,337
2,567,672
2,573,337 $
230,146
101,779
331,925
331,941 $
389,678
389,678
389,678 $
2,740
1,686,081
1,688,821
t,688,821 $
3,168,258
1,627,391
2,886,845
7,682,494
8,123,863 $
397,262
5,290,815
5,688,077
6,133,590
89
CITY OF CUPERTINO, CALIFORNIA
Capital Projects Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
Capital Stevens
Improvement Creek
Projects Boulevard
Revenues:
Intergovernmental
Other revenue
300,0OO $
90,649
Total revenues
390,649
1,776,094
(1,385,445)
2,790,899
(200,000)
2,590,899
Expenditures:
Capital outlay
Excess (deficiency) of revenues
over (under) expenditures
Other financing sources (uses):
Operating transfers in
Operating transfers out
Net other financing sources (uses)
Excess (deficiency) of revenues
over (under) expenditures and
other financing sources (uses)
1,205,454
Fund balances, beginning of year
Residual equity transfer
Fund balances, end of year
1,498,944
2,704,398 $
11,319
(11,319)
Creekside
Park
24,390
(24,390)
(24,390)
228,324
(203,934)
Library
Remodel
19,301
(19,301)
2,500,000
2,500,000
2,480,699
86,973
$ 2,567,672
90
Senior Center
Expansion
Four Seasons
Park
Sports Center
Building
Totals
2001
20OO
92,387
92,387
2,798,092
(2,705,705)
300,000 $
183,036
483,036
4,664,265
(4,181,229)
6,590,899
(200,000)
6,390,899
226,173
13,723
239,896
2,852,455
(2,612,559)
3,192,908
3,192,908
46,388
(46,388)
1,300,000
1,300,000
(2,705,705)
3,037,630
331,925 $
389,678
389,678 $
1,253,612
435,209
1,688,821 $
2,209,670
5,688,077
(215,253)
7,682,494 $
580,349
5,107,728
5,688,077
CITY OF CUPERTINO, CALIFORNIA
Capital Improvement Projects Capital Projects Fund
Comparative Balance Sheets
As of June ;30, 2001 and 2000
Assets
Cash and investments
Accounts receivable
Total assets
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Deferred revenue
Total liabilities
Fund balances:
Reserved for encumbrances
Unreserved:
Designated
Undesignated
Total fund balances
Total liabilities and fund balances
2001
2,796,947
343,139
3,140,086
183,198
252,490
435,688
936,037
1,627,391
140,970
2,704,398
3,140,086
2000
1,583,313
1,583,313
84,369
84,369
385,943
1,113,001
1,498,944
1,583,313
92 '
CITY OF CUPERTINO, CALIFORNIA
Capital Improvement Projects Capital Projects Fund
Comparitive Statements of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Years Ended June 30, 2001 and 2000
Revenues:
Intergovernmental
Other
Total revenues
Expenditures:
Capital outlay
Excess (deficiency) of revenues
over (under) expenditures
Other financing 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
2001
300,000
90,649
390,649
1,776,094
(1,385,445)
2,790,899
(200,000)
2,590,899
1,205,454
1,498,944
$ 2,704,398
2000
$ 226,173
226,173
1,585,796
(1,359,623)
2,700,699
2,700,699
1,341,076
157,868
$ 1,498,944
- 93
CITY OF CUPERTINO, CALIFORNIA
Stevens Creek Boulevard Capital Projects Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Cash and investments
2001
2000
$ 11,319
Liabilities and fund balances
Fund balances:
Reserved for encumbrances
Total fund balances
Total liabilities and fund balances
11,319
11,319
$ 11,319
94
CITY OF CUPERTINO, CALIFORNIA
Stevens Creek Boulevard Capital Projects Fund
Comparative Statements of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Years Ended June 30, 2001 and 2000
2001
2000
Expenditures:
Capital outlay
52,913
Excess (deficiency) of other f'mancing
sources over (under) expenditures
Fund balances, beginning of year
Residual equity transfer
Fund balances, end of year
11,319
(11,319)
(52,913)
64,232
11,319
_ 95
CITY OF CUPERTINO, CALIFORNIA
Creek.side Park Capital Projects Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Cash and investments
2001
2000
228,324
Liabilities and fund balances
Fund balances:
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
228,324
228,324
228,324
96
CITY OF CUPERTINO, CALIFORNIA
Creekside Park Capital Project Fund
Comparative Statements of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Years Ended June 30, 2001 and 2000
Expenditures:
Capital outlay
Excess (defiency)of revenues
over (under) expenditures
Excess (deficiency) of other financing
sources over (under) expenditures
Fund balances, beginning of year
Residual equity transfer
Fund balances, end of year
2001
24,390
(24,390)
(24,390)
228,324
(203,934)
2000
5,553
(5,553)
(5,553)
233,877
228,324
97
CITY OF CUPERTINO, CALIFORNIA
Library Remodel Capital Projects Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Cash and investments
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
2001
2,573,337
5,665
1,999,335
568,337
2,567,672
2,573,337
2000
86,973
86,973
86,973
86,973
98
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, 2001 and 2000
Expenditures:
Capital outlay
Excess (defiency)of revenues
over (under) expenditures
Other financing sources:
Operating U'ansfers in
Excess (deficiency) of other fmancing
sources over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
2001
19,301
(19,301)
2,500,000
2,480,699
86,973
2,567,672
2000
33,882
(33,882)
(33,882)
120,855
86,973
- 99
Assets
Cash and investments
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
CITY OF CUPERTINO, CALIFORNIA
Senior Center Expansion Capital Projects Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
2001
$ 331,941
$ 16 $
230,146
101,779
331,925
$ 331,941
20O0
3,398,280
360,650
2,839,731
197,899
3,037,630
3,398,280
100
CITY OF CUPERTINO, CALIFORNIA
Senior Center Expansion Capital Projects Fund
Comparative Statements of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Years Ended June 30, 2001 and 2000
Revenues:
Other
2001
92,387
200O
13,723
Expenditures:
Capital outlay
Excess (defiency)of revenues
over (under) expenditures
Excess (deficiency) of other financing
sources over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
2,798,092
(2,705,705)
(2,705,705)
3,037,630
331,925
1,167,294
(1,153,571)
(1,153,571)
4,191,201
3,037,630
- 101
Assets
Cash and investments
Liabilities and fund balances
Liabilities:
Accounts payable and accruals
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
CITY OF CUPERTINO, CALIFORNIA
Four Seasons Park Capital Projects Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
2001
$ 389,678
389,678
389,678
$ 389,678
2000
390,172
494
24,938
364,740
389,678
390,172
102
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, 2001 and 2000
Expenditures:
Capital outlay
Excess (defiency)of revenues
over (under) expenditures
Other financing sources:
Operating transfers in
Excess (deficiency) of other fmancing
sources over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
2001
389,678
389,678
200O
7,017
(7,017)
57,000
49,983
339,695
389,678
- 103
CITY OF CUPERTINO, CALIFORNIA
Sports Center Building Capital Projects Fund
Comparative Balance Sheets
As of June ;30, 2001 and 2000
Assets
Cash and investments
Liabilities and fund balances
Fund balances:
Reserved for encumbrances
Unreserved:
Undesignated
Total fund balances
Total liabilities and fund balances
2001
$ 1,688,821
2,740
1,686,081
1,688,821
2000
$ 435,209
435,209
435,209
$ 1,688,821 $ 435,209
104
CITY OF CUPERTINO, CALIFORNIA
Sports Center Building Capital Projects Fund
Comparative Statements of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Years Ended June 30, 2001 and 2000
Expenditures:
Capital outlay
Excess (defiency)of revenues
over (under) expenditures
Other financing sources:
Operating transfers in
Excess (deficiency) of other financing
sources over (under) expenditures
Fund balances, beginning of year
Fund balances, end of year
2001
46,388
(46,388)
1,300,000
1,253,612
435,209
$ 1,688,821
2000
435,209
435,209
$ 435,209
- 105
NOTES
106
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 an 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.
_ 107
CITY OF CUPERTINO, CALIFORNIA
Enterprise Funds
Combining Balance Sheet
June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
Assets
Current assets:
Cash and investments
Accounts receivable
Prepaid expense
Cupertino
Resource Blackberry Sports
Recovery Farm Center
$ 5,437,516 $ 485,674
320,168
Total current assets
Fixed assets (net of accumulated
depreciation)
Total assets
470,101
Liabilities and equity
Liabilities:
Current liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deposits
Deferred revenues
5,757,684 485,674 470,101
1,438 815,501 5,634
Total current liabilities
$ 5,759,122 $ 1,301,175
Total liabilities
Equity:
Retained earnings
Total equity
Total liabilities and equity
$ 1,721,544 $ 91,543
4,749 148,422
135,885
475,735
5,828
9,542
61,205
1,726,293 375,850 76,575
1,726,293 375,850 76,575
4,032,829 925,325 399,160
4,032,829 925,325 399,160
$ 5,759,122 $ 1,301,175
475,735
108
Recreation
Programs
Senior
Center
Totals
2001
2000
$ 629,279 $
2,357
631,636
207,527 $
1,883
56,024
265,434
7,230,097 $
324,408
56,024
7,610,529
822,573
5,495,121
704,742
6,199,863
871,210
$ 631,636 $ 265,434 $ 8,433,102 $ 7,071,073
$ 16,168 $
43,533
471,708
531,409
531,409
100,227
100,227
3,289 $
17,720
4,575
62,261
87,845
87,845
177,589
177,589
1,838,372 $
223,966
140,460
595,174
2,797,972
2,797,972
5,635,130
5,635,130
1,751,760
178,983
182,574
495,736
2,609,053
2,609,053
4,462,020
4,462,020
7,071,073
631,636 $
265,434 $
8,433,102 $
- 109
CITY OF CUPERTINO, CALIFORNIA
Enterprise Funds
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
Operating revenues:
Charges for services
Other
Total operating revenues
Operating expenses:
Salaries and benefits
Materials and supplies
Contractual services
Depreciation
Total operating expenses
Operating income (loss)
Non-operating revenues (expenses):
Interest income
Net nonoperating revenues (expenses)
Income (loss) before operating transfers
Cupertino
Resource Blackberry Sports
Recovery Farm Center
$ 2,568,591 $ 1,578,850
29,130 124,200
922,423
62,523
2,597,721 1,703,050 984,946
117,196 737,208 140,657
2,103 502,256 127,687
1,671,694 174,428 591,511
600 75,615 805
Operating transfers:
Operating transfers out
Net operating mmsfers
Net income (loss)
Retained earnings, beginning of year
Retained earnings, end of year
1,791,593 1,489,507 860,660
806,128 213,543 124,286
337,688 36,988 14,356
337,688 36,988 14,356
1,143,816 250,531 138,642
- (253,055)
- (253,055)
1,143,816 (2,524) 138,642
2,889,013 927,849 260,518
$ 4,032,829 $ 925,325
399,16ff
110
Recreation
Programs
Senior
Center
Totals
2001
2000
1,591,284 $
3,642
1,594,926
293,027 $
6,556
299,583
6,954,175 $
226,051
7,180,226
6,924,364
175,032
7,099,396
375,878
162,196
830,067
1,368,141
226,785
33,991
33,991
260,776
(275,000)
(275,000)
(14,224)
114,451
52,613
350,531
3,442
406,586
(107,003)
16,775
16,775
(90,228)
(2,372)
(2,372)
(92,600)
270,189
1,423,552
1,144,773
3,271,142
77,020
5,916,487
1,263,739
439,798
439,798
1,703,537
(530,427)
(530,427)
1,173,110
4,462,020
1,356,384
993,028
3,285,541
93,010
5,727,963
1,371,433
247,096
247,096
1,618,529
(760,209)
(760,209)
858,320
3,603,700
100,227 $
177,589 $
5,635,130 $
4,462,O20
-- 111
CITY OF CUPERTINO, CALIFORNIA
Enterprise Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
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
Resource Blackberry
Recovery Farm
2,957,242 $ 1,656,361
(1,556,155) (643,896)
(117,196) (737,208)
Cupertino
Sports
Center
989,006
(753,062)
(140,657)
1,283,891 275,257 95,287
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 financing activities
Cash flows provided by investing activities: Interest received
Net cash provided by investing activities
Net increase (decrease) in cash and investments
Cash and investments, beginning of year
Cash and investments, end of year
(253,055)
(253,055)
(28,383)
- (28,383)
337,688 36,988
337,688 36,988
14,356
14,356
1,621,579 30,807 109,643
3,815,937 454,867 360,458
5,437,516 $ 485,674
470,101
112
Recreation
Programs
1,592,569 $
(922,038)
(375,878)
294,653
Senior
Center
308,512 $
(352,592)
(51,020)
(95,100)
Tomls
2001
2000
7,503,690 $
(4,227,743)
(1,421,959)
1,853,988
6,706,193
(2,773,784)
(1,356,384)
2,576,025
(275,000)
(275,000)
(2,372)
(2,372)
(530,427)
(530,427)
(760,209)
(760,209)
(28,383)
(29,944)
o
16,775
16,775
(28,383)
439,798
439,798
(29,944)
247,096
247,096
33,991
33,991
53,644
575,635
629,279 $
(80,697)
288,224
207,527 $
1,734,976
5,495,121
7,230,097 $
2,032,968
3,462,153
5,495,121
(continued)
-- 113
CITY OF CUPERTINO, CALIFORNIA
Enterprise Funds
Combining Statement of Cash Flows
(continued)
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
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 accounts receivable
Decrease (increase) in prepaid expense
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accrued sick leave and vacation
Increase (decrease) in deposits/deferred rev.
Total adjustments
Net cash provided (used) by operating activities
Resource Blackberry
Recovery Farm
$ 806,128 $ 213,543
Cupertino
Sports
Center
$ 124,286
600 75,615 805
359,521 - 4,060
117,697 5,966 (28,445)
(55) 26,822 (1,755)
(46,689) (3,664)
477,763 61,714
1,283,891 $ 275,257
(28,999)
$ 95,287
114
Recreation
Programs
Senior
Center
Totals
2001
2000
226,785 $
(107,003) $
1,263,739 $
1,371,433
18,636
(9,987)
18,378
40,841
67,868
294,653 $
(1,883)
(56,024)
1,381
1,593
66,836
11,903
(95,100) $
77,020
380,334
(56,024)
86,612
44,983
57,324
590,249
1,853,988 $
93,010
(392,886)
1,459,469
20,052
24,947
1,204,592
2,576,025
-- 115
CITY OF CUPERTINO, CALIFORNIA
Resource Recovery Enterprise Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Current assets:
Cash and investments
Accounts receivable
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
Total current liabilities
Equity:
Retained earnings
Total liabilities and equity
2001
$ 5,437,516
320,168
5,757,684
1,438
5,759,122
1,721,544
4,749
1,726,293
4,032,829
5,759,122
2000
3,815,937
679,689
4,495,626
2,038
4,497,664
1,603,847
4,804
1,608,651
2,889,013
4,497,664
116
CITY OF CUPERTINO, CALIFORNIA
Resource Recovery Enterprise Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended June 30, 2001 and 2000
Operating revenues:
Charges 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)
Net income
Retained earnings, beginning of year
Retained earnings, end of year
2001
2,568,591
29,130
2,597,721
117,196
2,103
1,671,694
600
1,791,593
806,128
337,688
337,688
1,143,816
2,889,013
$ 4,032,829
2000
2,425,122
2,425,122
105,191
2,214
1,552,253
600
1,660,258
764,864
158,224
158,224
923,088
1,965,925
$ 2,889,013
-- 117
CITY OF CUPERTINO, CALIFORNIA
Resource Recovery Enterprise Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2001 and 2000
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 activities:
Interest received
Net increase (decrease) in cash and invesmaents
Cash and investments, beginning of year
Cash and investments, end of year
2001
$ 2,957,242
(1,556,155)
(117,196)
1,283,891
337,688
1,621,579
3,815,937
$ 5,437,516
2000
$ 2,051,228
(90,984)
(105,191)
1,855,053
158,224
2,013,277
1,802,660
$ 3,815,937
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Operating income (loss)
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
806,128
600
359,521
117,697
(55)
477,763
1,283,891
$ 764,864
600
(373,893)
1,461,289
2,193
1,090,189
1,855,053
118 '
CITY OF CUPERTINO, CALIFORNIA
Blackberry Farm Enterprise Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Current assets:
Cash and investments
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
Total liabilities and equity
2001
$ 485,674
485,674
815,501
1,301,175
91,543
148,422
135,885
375,850
925,325
1,301,175
$
$
2000
454,867
454,867
862,733
1,317,600
85,577
121,600
182,574
389,751
927,849
1,317,600
119
CITY OF CUPERTINO, CALIFORNIA
Blackberry Farm Enterprise Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended June 30, 2001 and 2000
Operating revenues:
Charges for services
Other
Total operating revenue
Operating expenses:
Salaries and benefits
Materials and supplies
Contractual services
Depreciation
Total operating expenses
Operating income (loss)
Non-operating revenues (expenses):
Interest income
Net nonoperating revenues (expenses)
Income (loss) before operating transfers
Operating transfers:
Operating transfers out
Net operating transfers
Net income (loss)
Retained earnings, beginning of year
Retained earnings, end of year
2001
1,578,850
124,200
1,703,050
737,208
502,256
174,428
75,615
1,489,507
213,543
36,988
36,988
250,531
(253,055)
(253,055)
(2,524)
927,849
925,325
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,ooo)
57,968
869,881
$ 927,849
120
CITY OF CUPERTINO, CALIFORNIA
Blackberry Farm Enterprise Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2001 and 2000
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
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 investing activities:
Interest received
Net increase (decrease) in cash and investments
Cash and investments, beginning of year
Cash and investments, end of year
2001
1,656,361
(643,896)
(.737,208)
275,257
(253,055)
(253,055)
(28,383)
(28,383)
36,988
30,807
454,867
485,674
2000
$ 1,602,002
(567,127)
(699.021 )
335,854
(175,000)
(175,ooo)
(29,944)
(29,944)
19,240
150,150
304,717
$ 454,867
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 accounts receivable
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accured sick leave and vacation
Increase (decrease) in deposits
Total adjustments
Net cash provided (used) by operating activities
213,543
75,615
5,966
26,822
(46,689)
61,714
275,257
$ 213,728
86,910
421
9,848
24,947
122,126
335,854
121
CITY OF CUPERTINO, CALIFORNIA
Cupertino Sports Center Enterprise Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Current assets:
Cash and investments
Accounts receivable
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
Deferred revenues
Total current liabilities
Equity:
Retained earnings
Total liabilities and equity
2001
2000
$ 470,101 $ 360,458
- 4,060
470,101
5,634
475,735
364,518
6,439
$ 370,957
5,828 $ 34,273
9,542 11,297
61,205 64,869
76,575
399,160
475,735
110,439
260,518
$ 370,957
122
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, 2001 and 2000
Operating revenues:
Charges for services
Other revenues
Total operating revenue
Operating expenses:
Salaries and benefits
Materials and supplies
Contractual services
Depreciation
Total operating expenses
Operating income (loss)
Non-operating revenues (expenses):
Interest income
Total nonoperating revenues (expenses)
Income (loss) before operating transfers
2001
922,423
62,523
984,946
140,657
127,687
591,511
8O5
860,660
124,286
14,356
14,356
138,642
2000
$ 963,280
61,009
1,024,289
149,769
129,708
670,313
5,500
955,290
68,999
36,998
36,998
105,997
Operating transfers:
Operating transfers out
Net operating transfers
Net loss
Retained earnings, beginning of year
Retained earnings, end of year
138,642
260,518
$ 399,160
(435,209)
(435,209)
(329,212)
589,730
260,518 -
123
CITY OF CUPERTINO, CALIFORNIA
Cupertino Sports Center Enterprise Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2001 and 2000
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 in
Operating transfers out
Net cash provided by noncapital
financing activities
Cash flows provided by investing activities:
Interest received
Net increase (decrease) in cash and investments
Cash and investments, beginning.of year
Cash and invesmaents, end of year
2001
$ 989,006
(753,062)
(140,657)
95,287
14,356
109,643
360,458
$ 470,101
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Operating income (loss)
2000
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation
Decrease (increase) in accounts receivable
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accured sick leave and vacation
Increase (decrease) in deposits/deferred rev.
$ 1,026,289
(809,734)
(149,769)
Total adjustments
66,786
(435,209)
(435,209)
36,998
(331,425)
691,883
Net cash provided (used) by operating activities
124
$ 360,458
124,286 $ 68,999
8O5
4,060
(28,445)
(1,755)
(3,664)
5,500
2,000
(13,881)
4,168
(28,999) (2,213)
$ 95,287 $ 66,786
CITY OF CUPERTINO, CALIFORNIA
Recreation Programs Enterprise Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Current assets:
Cash and investments
Accounts Receivable
Total Current Assets
Liabilities and equity
Liabilities:
Current liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deferred revenue
Total current liabilities
Equity:
Retained earnings
Total liabilities and equity
2001
629,279
2,357
631,636
16,168
43,533
471,708
531,409
100,227
631,636
2000
$ 575,635
20,993
596,628
26,155
25,155
430,867
482,177
114,451
596,628
125
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, 2001 and 2000
Operating revenues:
Charges for services
Other
Total operating revenue
Operating expenses:
Salaries and benefits
Materials and supplies
Contractual services
Total operating expenses
Operating income
Non-operating revenues (expenses):
Interest income
Total nonoperating revenues (expenses)
Income (loss) before operating transfers
Operating transfers:
Operating transfers out
Net operating transfers
Net Income (loss)
Retained earnings, beginning of year
Retained earnings, end of year
2001
$ 1,591,284
3,642
1,594,926
375,878
162,196
830,067
1,368,141
226,785
33,991
33,991
260,776
(275,000)
(275,000)
(14,224)
114,451
$ 100,227
2000
$ 1,591,053
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)
$ 114,451
126
CITY OF CUPERTINO, CALIFORNIA
Recreation Programs Enterprise Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2001 and 2000
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 investing activities: Interest received
Net increase (decrease) in cash and investments
Cash and investments, beginning of year
Cash and investments, end of year
2001
$ 1,592,569
(922,038)
(375,878)
294,653
(275,000)
33,991
53,644
575,635
$ 629,279
20O0
1,544,797
(917,922)
(354,678)
272,197
(75,000)
18,111
215,308
360,327
$ 575,635
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:
Decrease (increase) in accounts receivable
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accured sick leave and vacation
Increase (decrease) in deposits/deferred rev.
Total adjustments
Net cash provided (used) by operating activities
$ 226,785
18,636
(9,987)
18,378
40,841
67,868
294,653
$ 280,166
(20,993)
12,446
578
(7,969)
272,197
127
CITY OF CUPERTINO, CALIFORNIA
Senior Center Enterprise Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Current assets:
Cash and investments
Liabilities and equity
Liabilities:
Current liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Deposits
Deferred revenues
Total liabilities
Equity:
Retained earnings
Total liabilities and equity
2001
$ 207,527
3,289
17,720
4,575
62,261
87,845
177,589
265,434
2000
288,224
1,908
16,127
18,035
270,189
288,224
128
CITY OF CUPERTINO, CALIFORNIA
Senior Center Enterprise Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended June :30, 2001 and 2000
Operating revenues:
Charges for services
Other revenues
Total operating revenue
Operating expenses:
Salaries and benefits
Materials and supplies
Contractual services
Total operating expenses
Operating income (loss)
Non-operating revenues (expenses):
Interest income
Income (loss) before operating transfers
Operating transfers:
Operating transfers out
Net loss
Retained earnings, beginning of year
Retained earnings, end of y~ar
2001
293,027
6,556
299,583
52,613
350,531
3,442
406,586
(107,003)
16,775
(90,228)
(2,372)
(92,600)
270,189
177,589
2000
478,778
3,099
481,877
47,725
383,574
6,902
438,201
43,676
14,523
58,199
(75,000)
(16,801)
286,990
270,189
-- 129
CITY OF CUPERTINO, CALIFORNIA
Senior Center Enterprise Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2001 and 2000
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 in
Cash flows provided by investing activities: Interest received
Net increase (decrease) in cash and investments
Cash and investments, beginning of year
Cash and investments, end of year
2001
$ 308,512
(352,592)
(51,020)
(95,100)
(2,372)
16,775
(80,697)
288,224
$ 207,527
2000
$ 481,876
(391,281)
(44,460)
46,135
(75,000)
14,524
(14,341)
302,566
$ 288,224
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Operating income (loss)
$ (107,003)
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Decrease (increase) in accounts receivable
Decrease (increase) in prepaid expense
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accured sick leave and vacation
Increase (decrease) in deposits/deferred rev.
(1,883)
(56,024)
1,381
1,593
66,836
Total adjustments
11,903
Net cash provided (used) by operating activities
(95,100)
$ 43,676
(806)
3,265
2,459
$ 46,135
130
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 departments 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 infrastructure.
Workers' Compensation - Accounts for the activities in support of the self-insured
workers' compensation program.
Equipment Revolving - Accounts for the activities related to the 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.
_ 131
CITY OF CUPERTINO, CALIFORNIA
Internal Service Funds
Combining Balance Sheet
June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
Management
Information Workers'
Systems Compensation
Assets
Current:
Cash and investments
Accounts receivable
Other assets
$ 435,645 $ 1,122,957 $
Total current assets
435,645
496,983
1,122,957
Fixed assets (net of accumulated
depreciation)
Total assets
$ 932,628 $ 1,122,957 $
Equipment
Revolving
200,684
8,717
209,401
1,486,179
1,695,580
Liabilities and equity
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Total liabilities
Equity:
Contributed capital
Retained earnings
Total equity
Total liabilities and equity
$ 32,580$ 6,239
19,520 386,116
$ 1,670
58,151
52,100 392,355 59,821
- - 382,283
880,528 730,602 1,253,476
880,528 730,602 1,635,759
$ 1,122,957
$ 932,628
$ 1,695,580
132
Long-Term
Disability
Totals
2001
2000
40,825 $
40,825
40,825 $
1,800,111 $
8,717
1,808,828
1,983,162
3,791,990 $
1,480,413
1,487
38,283
1,520,183
1,855,010
3,375,193
$ 40,489 $ 14,408
463,787 363,759
504,276
382,283
2,905,431
3,~87,714
378,167
382,283
2,614,743
2,997,026
3,375,193
40,825
40,825
40,825 $
3,791,990 $
- 133
CITY OF CUPERTINO, CALIFORNIA
Internal Service Funds
Combining Statement of Revenues, Expenses and Changes in Retained Earnings
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
Operating revenues:
Charges for services
Total operating revenues
Operating expenses:
Salaries and benefits
Materials and supplies
Contractual services
Insurance and claims
Depreciation
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):
Interest income
Management
Information Workers'
Systems Compensation
654,890 $ 141,434
654,890 141,434
219,808
272,330
171,170
188,228
851,536
(196,646)
28,842
7,866
127,041
134,907
6,527
74,152
Equipment
Revolving
965,508
965,508
279,971
176,192
104,740
318,951
879,854
85,654
7,192
Total nonoperating revenues
(expenses)
Income (loss) before operating
transfers
operating transfers:
operating transfers in
Net operating transfers
Net income (loss)
Retained earnings, beginning of year
Retained earnings, end of year
28,842
(167,804)
236,218
236,218
68,414
812,114
74,152
80,679
80,679
649,923
880,528 $ 730,602 $
7,192
92,846
48,000
48,000
140,846
1,112,630
1,253,476
134
Long-Term
Disability
58,143 $
58,143
60,112
60,112
(1,969)
2,718
2,718
749
749
40,076
40,825 $
To~ls
2001
1,819,975 $
1,819,975
507,645
448,522
275,910
187,153
507,179
1,926,409
(106,434)
112,904
2000
1,510,971
1,510,971
409,301
339,238
219,096
149,621
476,445
1,593,701
(82,730)
71,403
112,904
6,470
284,218
284,218
290,688
2,614,743
2,905,431 $
71,403
(11,327)
475,275
475,275
463,948
2,150,795
2,614,743
135
CITY OF CUPERTINO, CALIFORNIA
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
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 noncapiml financing activities: Operating transfer in
Net cash provided (used) by noncapital financing activities
Cash flows from capital and related financing activities: Purchase of fixed assets
Net cash used by capital and related financing activities
Cash flows provided by investing activities: Interest received
Net cash provided by investing activities
Management
Information
Systems
654,890 $
(423,753)
(208,269)
22,868
236,218
236,218
(307,425)
(307,425)
28,842
28,842
Workers'
Compensation
141,434 $
(456,074)
378,250
63,610
74,152
50,044
Net increase (decrease) in cash and investments
Cash and investments, beginning of year
Cash and investments, end of year
(19,497)
455,142
435,645
137,762
985,195
$ 1,122,957 $
Equipment
Revolving
996,561
(290,876)
(228,247)
477,438
48,000
48,000
(331,946)
(331,946)
7,192
88
200,684
200,684
136
Long-term
Disability
58,143 $
(6o,112)
Totals
2001 2000
1,851,028 $ 1,577,582
(1,230,815) (751,213)
(58,266) (407,727)
( 1,969) 561,947 418,642
284,218 475,275
284,218 475,275
(639,371) (755,442)
(639,371) (755,442)
2,718 112,904 71,403
.2,062 71,403 71,403
749 319,698 209,878
40,076 1,480,413 1,270,535
40,825 $ 1,800,111 $ 1,480,413
137
CITY OF CUPERTINO, CALIFORNIA
Internal Service Funds
Combining Statement of Cash Flows
(continued)
For the Fiscal Year Ended June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
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 (increase) in accounts receivable
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accrued payroll and benefits
Total adjustments
Net cash provided (used) by operating activities
Management
Information Workers'
Systems Compensation
Equipment
Revolving
$ (196,646) $ 6,527 $ 85,654
188,228
19,747 (329,033)
11,539 386,116
318,951
31,053
(9,944)
51,724
219,514 57,083 391,784
$ 22,868 $ 63,610 $ 477,438
138
Long-term
Disability
(1,969) $
Totals
2001 2000
(106,434) $
(82,730)
(1,969) $
507,179
31,053
(319,230)
449,379
668,381
561,947
476,445
4,266
66,611
(47,524)
1,574
501,372
418,642
139 :
Assets
Current:
Cash and invesunents
Total current assets
Fixed assets (net of accumulated
depreciation)
Total assets
Liabilities and equity
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Total Liabilities
Equity:
Retained earnings
Total equity
Total liabilities and equity
CITY OF CUPERTINO, CALIFORNIA
Management Information Systems Internal Service Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
2001
$ 435,645
435,645
496,983
$ 932,628
$ 32,580
19,520
52,100
880,528
880,528
$ 932,628
2000
$ 455,142
455,142
381,826
$ 836,968
$ 16,873
7,981
24,854
812,114
812,114
$ 836,968
140
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 June 30, 2001 and 2000
Operating revenues:
Charges for services
Total operating revenues
Operating expenses:
Salaries and benefits
Materials and supplies
· Contractual services
Depreciation
Total operating expenses
Operating (loss)
Nonoperating revenues:
Interest income
2001
$ 654,890
654,890
219,808
272,330
171,170
188,228
851,536
(196,646)
28,842
2000
609,580
609,580
203,511
178,430
122,731
193,274
697,946
(88,366)
19,209
Total nonoperating revenues (expenses)
(Loss) before operating Ixansfers
Operating transfers:
Operating transfers in
Net income
Retained earnings, beginning of year
Retained earnings, end of year
28,842
(167,804)
236,218
68,414
812,114
880,528
19,209
(69,157)
215,152
145,995
666,119
812,114
_ 141
CITY OF CUPERTINO, CALIFORNIA
Management Information Systems Internal Service Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2001 and 2000
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 in
Cash flows from capital and related
financing activities:
Purchase of fixed assets
Net cash used by capital
and related financing activities
Cash flows provided by investing activities:
Interest received
Net increase (decrease) in cash and investments
Cash and investments, beginning of year
Cash and investments, end of year
2001
$ 654,890
(423,753)
(208,269)
22,868
236,218
(307,425)
(307,425)
28,842
(19,497)
455,142
$ 435,645
2000
$ 609,829
(350,741)
(203,420)
55,668
215,152
(134,969)
(134,969)
19,209
155,060
300,082
$ 455,142
Reconciliation of operating income 0oss) to net cash
provided (used) by operating activities
Operating income (loss)
$ (196,646)
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation
Decrease (increase) in account~ receivable
Decrease (increase) in other assets
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accured sick leave and vacation
188,228
19,747
11,539
Total adjustments
219,514
$ (88,366)
193,274
249
4,266
(53,846)
91
144,034
Net cash provided (used) by operating activities $ 22,868 $ 55,668
142
CITY OF CUPERTINO, CALIFORNIA
Workers' Compensation Internal Service Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Current:
Cash and investments
Liabilities and equity
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Total Liabilities
Equity:
Retained earnings
Total liabilities and equity
2001
1,122,957
6,239
386,116
392,355
730,602
1,122,957
2000
985,195
335,272
335,272
649,923
985,195
143
CITY OF CUPERTINO, CALIFORNIA
Workers' Compensation Internal Service Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended June 30, 2001 and 2000
Operating revenues:
Charges for services
Total operating revenues
Operating expenses:
Salaries and benefits
Contractual services
Insurance and claims
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):
Interest income
Total nonoperating revenues
Net income (loss)
Retained earnings, beginning of year
Retained earnings, end of year
2001
$ 141,434
141,434
7,866
127,041
134,907
6,527
74,152
74,152
80,679
649,923
$ 730,602
2000
131,551
131,551
14,501
10,993
92,101
117,595
13,956
50,044
50,044
64,000
585,923
649,923
144
CITY OF CUPERTINO, CALIFORNIA
Workers' Compensation Internal Service Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2001 and 2000
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 activities:
Interest received
Net increase (decrease) in cash and investments
Cash and investments, beginning of year
Cash and investments, end of year
2001
$ 141,434
(456,074)
378,250
63,610
74,152
137,762
985,195
$ 1,122,957
2000
131,551
(102,980)
(14,501)
14,070
50,044
64,114
921,081
985,195
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Operating income (loss)
6,527
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Increase (decrease) in accounts payable and accruals
Increase (decrease) in accrued payroll and benefits
(329,O33)
386,116
Total adjustments
57,083
63,610
Net cash provided (used) by operating activities
13,956
114
114
14,070
- 145
CITY OF CUPERTINO, CALIFORNIA
Equipment Revolving Internal Service Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Current:
Cash and investments
Accounts receivable
Other assets
Total current assets
Fixed assets (net of accumulated
depreciation)
Total assets
2001
$ 200,684
8,717
209,401
1,486,179
$ 1,695,580
200O
1,487
38,283
39,770
1,473,184
1,512,954
Liabilities and equity
Liabilities:
Accounts payable and accruals
Accrued payroll and benefits
Total Liabilities
Equity:
Contributed capital
Retained earnings
$ 1,670
58,151
59,821
382,283
1,253,476
11,614
6,427
18,041
382,283
1,112,630
Total equity
Total liabilities and equity
1,635,759
$ 1,695,580
1,494,913
1,512,954
146
CITY OF CUPERTINO, CALIFORNIA
Equipment Revolving Internal Service Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended June 30, 2001 and 2000
Operating revenues:
Charges for services
Total operating revenues
Operating expenses:
Salaries and benefits
Materials and supplies
Contractual services
Depreciation
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):
Interest income
Net nonoperating revenues
Income (loss) before operating transfers
Operating transfers:
Operating transfers in
Net income
Retained earnings, beginning of year
Retained earnings, end of year
2001
$ 965,508
965,508
279,971
176,192
104,740
318,951
879,854
85,654
7,192
7,192
92,846
48,000
140,846
1,112,630
$ 1,253,476
2000
710,900
710,900
191,289
160,808
85,372
283,171
720,640
(9,740)
88
88
(9,652)
260,123
250,471
862,159
1,112,630
-- 147
CITY OF CUPERTINO, CALIFORNIA
Equipment Revolving Internal Service Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2001 and 2000
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 in
Net cash used by noncapital financing activities
Cash flows from capital and related fmancing activities:
Purchase of fixed assets
Cash flows provided by investing activities:
Interest received
Net increase (decrease) in cash and investments
Cash and investments, beginning of year
Cash and investments, end of year
Operating income (loss)
2001
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation
Decrease (increase) in accounts receivable
Increase (decrease) in accounts payable and accruals
Increase (decrease) in aecured sick leave and vacation
Total adjustments
$
148
Net cash provided (used) by operating activities
996,561
(290,876)
(228,247)
477,438
48,000
48,000
(331,946)
7,192
200,684
200,684
85,654
318,951
31,053
(9,944)
51,724
391,784
477,438
2OOO
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
CITY OF CUPERTINO, CALIFORNIA
Long-Term Disability Internal Service Fund
Comparative Balance Sheets
As of June 30, 2001 and 2000
Assets
Current:
Cash and investments
Liabilities and equity
Equity:
Retained earnings
Total equity
Total liabilities and equity
2001
$ 40,825 $
40,825
40,825
$ 40,825 $
2000
40,076
40,076
40,076
40,076
- 149
CITY OF CUPERTINO, CALIFORNIA
Long-Term Disability Internal Service Fund
Comparative Statements of Revenues, Expenses
and Changes in Retained Earnings
For the Fiscal Years Ended June 30, 2001 and 2000
Operating revenues:
Charges for services
Operating expenses:
Insurance and claims
Operating income (loss)
Nonoperating revenues (expenses):
Interest income
Total nonoperating revenues
Net income (loss)
Retained earnings, beginning of year
Retained earnings, end of year
2001 2000
58,143 $ 58,940
60,112 57,520
(1,969) 1,420
2,718 2,062
2,718 2,062
749
40,076
3,482
36,594
$ 40,825 $ 40,076
150
CITY OF CUPERTINO, CALIFORNIA
Long-Term Disability Internal Service Fund
Comparative Statements of Cash Flows
For the Fiscal Years Ended June 30, 2001 and 2000
Cash flows from operating activities:
Cash received from 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, beginning of year
Cash and investments, end of year
2001
$ 58,143 $
(60,112)
(1,969)
2,718
749
40,076
$ 40,825 $
2OOO
58,940
(57,520)
1,420
2,062
3,482
36,594
40,076
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities
Operating income (loss)
Net cash provided (used) by operating activities
(1,969)
(1,969)
$
$
1,420
1,420
151
NOTES
152
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.
AGENCYFUNDS
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 furore
time.
Agency - Accounts for all deposits under the control of City departments.
- 153
CITY OF CUPERTINO, CALIFORNIA
Agency Funds
Combining Balance Sheet
June 30, 2001
(With Comparative Totals for fiscal year ended June 30, 2000)
Assets
Cash and investments
Total assets
Agency
$ 125,394 $
$ 125,394 $
Totals
2001
125,394
125,394
2000
$ 376,692
$ 376,692
Liabilities
DeposRs
Total liabilities
$ 125,394
$ 125,394
$ 125,394
$ 125,394
$ 376,692
$ 376,692
154
CITY OF CUPERTINO, CALIFORNIA
Combining Statement of Changes in Assets nnd Liabilities
Ail Agency Funds
For the Fiscal Year Ended June 30, 2001
All Agency Funds
Assets
Cash and investments
Liabilities
Deposits
Balance
June 30, 2000
· Additions
$ 376,692 $ 102,148
$ 376,692 $ 102,148
Deletions
$ 353,446
$ 353,446
Balance
June 30,2001
$ 125,394
$ 125,394
- 155
NOTES
156
GENERAL FIXED ASSETS
ACCOUNT GROUP
The General Fixed Assets Account 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.
_ 157
CITY OF CUPERTINO, CALIFORNIA
Comparative Schedules of General Fixed Assets - By Source
As of June 30, 2001 and 2000
General fixed assets:
Land
Buildings
Improvements other than buildings
Equipment
Consmaction in progress
Total general fixed assets
Investment in general fixed assets by source:
General fund
Construction bond funds
Special assessment fund
Special revenue funds
Storm drain construction funds
Capital improvement fund
Federal grants
State grants
County grants
Donation from developers
Investment-buildings
Water assets
Total investment in general fixed assets
2001
60,835,080
12,280,428
19,062,134
1,521,334
3,713,133
97,412,109
43,956,295
8,009,419
4,601,486
3,579,809
573,829
23,967,651
882,977
240,543
229,123
1,844,747
6,704,208
2,822,022
97,412,109
2O00
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
158
CITY OF CUPERTINO, CALIFORNIA
Schedule of General Fixed Assets - By Function and Activity
June 30, 2001
Function and activity
General government:
Administrative services
City hall
City manager
Community services
Community development
Cable television
Total general government
Public safety:
Code enforcement
Improvements
other than
Land Buildings buildings Equipment
$ 489,130 $
90,000 3,437,479 1,363,342
335,112 395,942
1,800,000
Construction
In progress
133,240
61,879
578
23,345
3,830
417,730
Total
$ 622,370
4,952,700
731,632
23,345
1,803,830
417,730
2,225,112 4,322,551 1,363,342 640,602 8,551,607
- 109,151 109,151
Other:
Public works 506,863 1,016,490 2,564,069 337,890 3,713,133 8,138,445
Parks 58,103,105 6,941,387 15,134,723 363,608 80,542,823
Engineering - 70,083 70,083
Total other
58,609,968 7,957,877 17,698,792 771,581 3,713,133 88,751,351
60,835,080 $ 12,280,428 $ 19,062,134 $ 1,521,334 $ 3,713,133 $ 97,412,109
Total general fixed assets
_ 159
CITY OF CUPERTINO
Schedule of Changes in General Fixed Assets - By Function and Activity
As of June 30, 2001 and 2000
Function and activity
General government:
Administrative services
City hall
City manager
Community services
Community development
Cable television
Total general government
Public safety:
Code enforcement
Other:
Public works
Parks
Engineering
Total other
Total general fixed assets
General
· Fixed Assets
June 30, 2000
603,165
4,899,185
337,762
23,345
1,803,830
393,810
8,061,097
30,174
5,493,347
80,526,447
70,083
86,089,877
94,181,148
Additions Deletions
19,205
53,515
393,870
23,920
490,510
78,977
2,645,098
17,942
1,566
2,663,040 1,566
3,232,527 $ 1,566
General
Fixed Assets
June 30, 2001
$ 622,370
4,952,700
731,632
23,345
1,803,830
417,730
8,551,607
109,151
8,138,445
80,542,823
70,083
88,751,351
$ 97,412,109
160
STATISTICAL SECTION
161
Fiscal
Year
CITY OF CUPERTINO
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1)
LAST TEN FISCAL YEARS
Table 1
Law Public Administrative Recreation
Administration Enforcement Information Services Services
Community
Development
1992 $588,747 $3,494,477 $412,293 $5,606,696 $1,525,263 $1,745,285
1993 $538,465 $3,705,059 $371,661 $1,423,349 $1,436,528 $1,517,568
1994 $600,891 $3,501,523 $424,636 $1,465,708 $1,509,808 $1,399,637
1995 $692,704 $3,769,584 $472,633 $1,549,162 $1,004,116 $2,859,582
1996 $809,492 $4,123,214 $513,106 $1,817,122 $1,045,300 $1,580,017
1997 $854,531 $4,118,027 $537,268 $1,750,575 $1,121,666 $1,608,010
1998 $856,836 $4;393,319 $590,667 $1,991,328 $1,164,822 $1,850,490
1999 $1,133,408 $4,892,704 $631,035 $2,008,976 $1,363,410 $2,101,942
2000 $1,242,310 $4,693,565 $796,458 $2,410,754 $1,536,152 $2,349,874
2001 $1,387,086 $5,351,653 $617,894 $3,033,073 $1,774,484 $2,700,888
Note:
(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 colunm.
(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
162
Public Capital Debt
Works Outlay Service To~l
$5,963,399 $10,627,790 $389,764 $30,353,714
$4,999,412 $905,858 $5,560,835 $20,458,735
$5,319,244
$6,759,807
$6,209,090
$6,786,574
$9,047,794
$9,167,386
$1,769,875 $10,055,907 $26,047,229
$1,683,213 $6,206,507
$5,005,071 $6,196,680
$1,234,165 $7,125,413
$4,412,291 $5,193,242
$8,059,124 $5,178,897
$4,953,360
$4,944,710
$12,480,766 $3,404,088
$10,979,150 $5,348,378
$24,997,308
$27,299,092
$25,136,229
$29,500,789
$34,536,882
$33,867,327
$36,137,316
163
CITY OF CUPERTINO
GENERAL GOVERNMENTAL REVENUES BY SOURCE (1)
LAST TEN FISCAL YEARS
Table 2
Fiscal Use of Money Inte~ Licenses Charges Fines and Other
Year Taxes and Property govemmental and Permits for Services For~itures Revenue
1992 $14,973,834 $2,866.780 $3,049,563 $2,030,985 $183,759 $1,481.482
1993 $13,757,203 $2,365,420 $3,350,306 $1,660,878 $174,602 $808,085
1994 $14,339,558 $1,622,393 $3,076,844 $1,680,307 $174,626 $226,714
1995 $14,363,104 $2,490,794 $5,605,848 $1,924,429 $202,055 $456,413
1996 $18,626,169 $2,417,589 $4,660.903 $2,241,106 $193,720 $1,320,878
1997 $18,182,889 $2,671,812 $2,903,880 $2,077,637 $205,366 $792,679
1998 $20,447,603 $2,776,441 $3,602,596 $2,366,376 $241,293 $1,146,454
1999 $18,837,091 $3,114,595 $5,650,954 $2,578,015 $503,223 $475,266
2000 $23.587,459 $2,866,012 $4,807,077 $1,359,949 $887,907 $524,057 $737,066
2001 $23,859,776 $3,336,651 $5,483,956 $1,230,060 $987,563 $470,627 $435,351
Note:
( 1 ) Includes General, Special Revenue, Debt Service 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.
(3) Prior to the fiscal year ended June 30, 2000, revenues derived from Licenses and Permits were included
as Charges for Services.
Source: City Administrative Services
Total
$24,586,4O3
$22,116,494
$21,120,442
$25,042,643
$29,460,365
$26,834,263
$30,580,763
$31,159,144
$34,769,527
$35,803,984
164
Fiscal
Year
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
Note:
CITY OF CUPERTINO
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Table 3
Percent of
Percent Delinquent Total Total Tax
Total Current Tax of Levy Tax Tax Collections
Tax Levy Collections Collected Collections Collections to Tax Levy
$1,067,416 $1,009,174 94.54% $27,542 $1,036,716 97.12%
$938,055 $892,293 95.12% $22,800 $915,093 97.55%
$891,808 $891,723 99.99% $7,309 $899,032 100.81%
$1,827,076 $1,827,076 100.00% $12,772 $1,839,848 100.70%
$2,184,489 $2,184,489 100.00% $4,321 $2,188,810 100.20%
$2,636,065 $2,636,065 100.00% $0 $2,636,065 100.00%
$2,593,855 $2,593,855 100.00% $0 $2,593,855 100.00%
$2,804,662 $2,804,662 100.00% $0 $2,804,662 100.00%
$3,075,546 $3,075,546 100.00% $0 $3,075,546 100.00%
$3,209,623 $3,209,623 100.00% $0 $3,209,623 100.00%
Beginning fiscal year 1995, total tax levy and current tax collections include
amounts received from Santa Clara County under its tax equity allocation
formula.
Source:
County of Santa Clam, Department of Finance
- 165
Fiscal
Year
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
Source:
CITY OF CUPERTINO
ASSESSED AND ESTIMATED ACTUAL VALUES OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
Table 4
Total Estimated
Total Assessed Full Market
Secured Exemptions Unsecured Valuation Valuation
$4,051,286,063
$4,242,090,997
$4,506,162,220
$4,563,933,460
$4,585,406,820
$4,730,865,467
$5,078,070,121
$5,591,299,195
$6,045,504,382
$6,986,833,015
$66,194,200
$742,695,167
$61,714,800 $584,295,328
$62,637,400 $605,453,614
$64,604,400
$65,248,400
$66,172,400
$57,445,281
$550,201,549
$470,880,987
$440,005,909
$452,549,925
$67,859,400 $443,973,509
$73,148,676
$67,242,848
$500,020,465
$416,844,493
$4,860,175,430
$4,888,101,125
$5,174,253,234
$5,178,739,409
$5,121,536,207
$5,170,871,376
$5,538,936,459
$6,043,669,471
$6,553,278,115
$7,407,208,836
$4,860,175,430
$4,888,101,125
$5,174,253,234
$5,178,739,409
$5,121,536,207
$5,298,764,322
$5,538,936,459
$6,043,669,471
$6,553,278,115
$7,407,208,836
County of Santa Clara, Department of Finance
166
CITY OF CUPERTINO
PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS
(PER $100 OF ASSESSED VALUE)
LAST TEN FISCAL YEARS
Table 5
County
County Bond
County Retirement
Library Retirement
Cupertino City Bond
Elem and/or Unif Sch Bonds
High School Bonds
Junior College Bonds
Loan Repay-Cupertino
Cupertino San Dist-Bond
SCVWD-State Water Proj
SCVWD-Zone W-1 Bond
TOTALS
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000
0.038 0.038 0.031 .0332 .0338 .0341 .0388 .0388 .0388 .0388
0.002 0.002 0.002 .0024 .0024 .0024 .0024 .0043 .0043 .0043
............ · 0182 .0303 .0292 .0247 .0247 .0247
0.001 0.001 ........................
0.001 0.001 ........................
0.001 0~001 ........................
0.010 0.010 0.009 .0092 .0072 .0076 .0076 .0053 .0053 .0053
0.003 0.003 0.003 .0023 .0026 .0026 0.002 0.002 0.002 0.002
1.056 1.056 1.045 1.047 1.064 1.077 1.080 1.075 1.075 1.075
Source: County of Santa Clara Annual Tax Increment Tables
_ 167
Taxpayer
Hewlett Packard
Compaq Computers
Cupertino Gateway Partners
Apple Computer
Sumitomo Bank Leasing & Finance
Cupertino City Center
Teachers Insurance & Annuity
Irvine Apa,hnent Comms
RWC, LLC
Ridgeview Court Associates
CITY OF CUPERTINO
PRINCIPAL TAXPAYERS
JUNE 30, 2001
Table 6
Type of Business
Electronic Equipment
Electronic Equipment
Land Developer
Electronic Equipment
Financial
Land Developer
Commercial
Residential
Industrial
Industrial
2000-01
Assessed
Valuation
$366,226,505
$242,160,916
$132,704,969
$76,141,701
$72,933,489
$71,688,321
$62,988,168
$60,439,327
$60,419,918
$53,503,378
$1~199~206~692
Percentage of
Total Assessed
Valuation
4.90%
3.24%
1.77%
1.02%
0.97%
0.96%
0.84%
0.81%
0.81%
0.72%
16.04%
Source: The HdL Companies
168
CITY OF CUPERTINO
SPECIAL ASSESSMENT BILLINGS ,a2qD COLLECTIONS
LAST TEN FISCAL YEARS
Table 7
Current Current Ratio of
Fiscal Assessment Assessment Collections
Year Due Collected to Amounts Due
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 $239,548 $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%
2001 $510,992 $510,992 100.00%
Source: County of Santa Clara and City Administrative Services
_ 169
CITY OF CUPERTINO
COMPUTATION OF LEGAL DEBT MARGIN
JUNE 30, 2001
Table 8
Total Assessed Valuation
$7,407,208,836
Debt limit - 15 percent of Total Assessed Valuation
$1,111,081,325
Less - outstanding bonded debts
Legal debt margin
$1,111,081,325
Source: County of Santa Clara and City Administrative Services
170
CITY OF CUPERTINO
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 Populmion Value Bonded Debt Per Capim
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 ......
i996 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 ......
2001 50,546 $7,407,208,836 ......
Ratio of General
Bonded Debt to
Assessed Value
0.000008
0.000004
Source: County of Santa Clara and City Administrative Services
-- 171 :
CITY OF CUPERTINO
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED
DEBT TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES
LAST TEN FISCAL YEARS
Table 10
Ratio of Debt
Fiscal Total Debt Total General To General
Year Principal Interest Service Expenditures (1) Expenditures
1992 $20,000 $2,500 $22,500 $30,353,714 0.0007%
1993 $20,000 $1,500 $21,500 $20,458,735 0.0011%
1994 $20,000 $500 $20,500 $26,047,229 0.0008%
1995 ......... $24,997,308
(2)
1996 ......... $27,299,092
1997 ......... $25,136,229
1998 ......... $29,500,789
1999 ......... $34,536,882
2000 ......... $33,867,327
2001 ......... $36,137,316
(1) Includes General, Special Revenue, Debt Service, and Capital Projects Funds
(2) Excludes losses fi-om sales of investments of $570,085
Source: City Administrative Services
172
CITY OF CUPERTINO
COMPUTATION OF DIRECT AND OVERLAPPING BONDED DEBT
JUNE 30, 2001
Table 11
2000-01 Assessed Valuation: $7,407,208,836
June 30, 2001
Gross Bonded
Debt Balance
Percent
Applicable
OVERLAPPING BONDED DEBT
Cupertino Union School District
Santa Clara Valley Water District Zone W-1
Total Overlapping Bonded Debt
$67,999,994 64.106%
$ 9,980,000 5.011%
TOTAL GROSS OVERLAPPING TAX AND ASSESSMENT DEBT (1)
2000-01 Assessed Valuation: $7,407,208,836
Ratio to Assessed Valuation:
Direct Debt
Total Gross Debt
0.012%
.7635%
Net
Bonded Debt
$43,592,076
$ 500,097
$44,092,173
(1)
This report reflects general obligation debt that 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
_ 173
CITY OF CUPERTINO
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Table 12
Fiscal
Year
1992
Populahon(1)
41,079
School
Median Age Enrollment
Years (2) Grades 9-12 (3)
Unemployment
Rate (4)
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%
2001
50,546 N/A 8,822 2.4%
Source:
(1) City Administrative Service
(2) Cupertino Chamber of Commerce
(3) Fremont Union High School District
(4) Department of Employment Statistics
174
Fiscal
Year
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
Source:
CITY OF CUPERTI 0
PROPERTY VALUE, CONSTRUCTION, AND BANK DEPOSITS
LAST TEN YEARS
Table 13
Property
Value (1)
Residential Construction (2)
Assessed Number
Valuation of Units Value
$4,860,175,430 22
$5,102,769
$4,888,101,125 17
$5,174,253,234 30
$9,055,055
$7,579,919
$5,178,739,409 118
$24,626,353
$5,121,536,207 126
$23,423,228
$5,298,764,322 521
$5,538,936,459 578
$51,129,923
$62,019,693
$6,043,669,471 125
$6,553,278,115 207
$7,407,208,836 83
(1) County of Santa Clara, Department of Finance
(2) City Building Department
(3) Findley Reports
· $42,771,247
$72,983,009
$22,251,562
Commercial
Construction (2)
Value
$63,771,540
$271,222
$31,775,355
$45,254,694
$7,476,590
$9,092,350
$3,000,000
_ 175
NOTES
176
COMMUNITY
PROFILE
177
NOTES
178
:-i;Many of Cu
pioneefEuro !
pl~med
grap.es.
other
in late March tO their San
With the ~eciition
christened the'creek nex
ers
.s an~
Ridge, on
ills and
:ls below.
1904, the name was
when the Home
CuperfinO~ Stores
Cupertino.
in recorded history
the spaniard Don Juan Bautista
Francisco to
of men, women and children in
and cartographer
Valley
what isnow Cupertino, Font
;an Joseph
honor of his patron, San
of Cupertino,
arroyo is now known as
St.evem Creek.' .
the ~l~'i~ffi~e fitflie '
Cr°~m~mds needed a new l~lle tO dis-:
tin~ it from other s'.milarly named
given the
name (
under the
grape growing was i
Cupemno
10, 1955. A
creation by
and
17 decided
and
was
Tb/s
179
annexatio~ to ad
a drive in 1954
Fact Finding
a September 27,
Coun~ ty's 13th City
development was
VALLCO Park, 6 sold to V~
firm, founded by Russell
The nam~
Varian
families/
the "Cupertino Cbronical,
mmun
?upertino is famous for the quality of its schools,
particulartly computer education. As a result of a
voter approved $144 million bond in April 1998,
essential facility improvements at Cupertino,
Fremont, Homestead, Lynbrook, and Monta Vista
High Schools are underway. Major renovation
began last summer with trenching for infrastructure
upgrades such as increased electrical service, new
gas piping and water systems. All schools have buildings (some sites have three
to five buildings) that have been completely gutted and are being remodeled
with new interior wall construction and electrical wiring.
Being almost in the heart of Silicon Valley, many Cupertino residents
have a short but often sluggish commute. The town is served by Highway 85,
Interstate 280 and Lawerence Expressway with a shuttle bus to CalTrain,
which travels up the Peninsula to San Francisco. Buses run from Santa Clara
County Transit.
The heart of the town is De Anza Community College, a lovely campus
that includes a planetarium and the Flint Center for Performing Arts, which
presents top talents. George W. Bush made a campaign stop at De Anza in June
of 2000 and David Copperfield performed at De Anza's Annual Night of Magic
that same year. The Kirsh Center for Environmental Studies is going to be built
on campus. It is a $12 million, 34,000 square foot building that is energy
efficient and climate responsive.
Cupertino elementary district runs three "alternate" schools, each with
a different approach to education: loose structure, traditional structure,
mandatory parent. In the last school, parents agree to work in schools and
take a seven week prep course. Of the remaining schools, some accept
children from any address in the district, some restrict to immediate
neighborhood. Admission to some schools is determined by lottery.
Cupertino is the headquarters for Apple, Portal Software, and Symantec,
and has about 50 high tech rims, including Compaq Corp., Hewlett Packard,
Honeywell Measurex, and Sun gicrosystems.
180
The city is jammed with high-tech parents and the local newspaper
reports that the town is famous in the Far East, particularly Taiwan, for the
excellence of its schools. The school districts have introduced language classes
for the kids, employed translators to prepare materials for parents and worked
into the curriculum more information on Asian cultures.
A local community-business foundation raises $500,000 annually for
schools. De Anza College offers "College for Kids" in the summer and runs a
high school program during the regular school year.
Crime rate is low-average for suburban cities. Zero homicides in 1996,
1995, and 1994. Counts for previous years are 1, 0, 3, 0, 0, 1, 2, 1.
A farm village for most of its life, Cupertino started in 1950 with fewer
than 500 homes, and then was swept up in the great suburban boom. About
three of every, four homes and apartments were built between 1950 and 1980,
census data shows. The last census noted that three bedroom homes were
most popular style, followed closely by four bedroom homes. In the 1980s
Cupertino constructed 2,134 residental units, a sharp drop from previous
decades and, typical for upper income towns running out of space, found itself
becoming more concerned over what should be built on the remaining land.
For the older homes, drive the neighborhoods east of De Anza Boulevard.
For the newer, cruise Phar Lap Drive and other neighborhoods west of
De Anza. Cupertino rises from flatlands to hills. Hill homes command higher
prices. With well kept lawns and many trees it is a pleasant looking town in a
suburban way. The town has Vallco Fashion Park which contains 180 shops
and restaurants and is anchored by Sears and Penney's.
Cupertino offers baseball, gymanastics, and girls softball; over 200
activities, from painting to karate; soccer draws over 1,000 kids; after-school
music programs; Shakespeare for the kids; thirteen parks, a nature preserve,'
a winery, a racquet club. Many classes and events are offered at De Anza,
which has an excellent art gallery. There are two golf courses, a newly built
senior center, community center, sports center, bowling alley, ice skating rink,
YMCA, and a city musuem.
2001
City Profile
The City of Cupertino 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 every two years. The council meets
twice a month, on the first and third Mondays at 6:45 p.m. in City Hall.
Municipal services are provided by the city's 122 full time employees.
City departments include administrative services (treasury, finance, human resources,
city clerk, management information services and economic development divisions),
community development (planning and building), parks and recreation, public works
(engineering, maintenance, transportation 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 advisory boards and commissions: Housing,
Telecommunications, Fine Arts, Library, 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
newsletter, the Cupertino Scene, Cupertino's government access cable TV channel, The
City Channel, and our on-line service provider, CityNet. An interuet website was estab-
lished to promote economic development and information to the communiq:
COMMUNITY FACILITIES
Cupertino is served by the Cupertino Medical Clinic and Camino Health Care. Nearby
hospitals include El Camino Hospital in Mountain View, O'Connor Hospital in San Jose,
San Jose Hospital, Community Hospital and Rehabilitation Center in Los Gatos, Kaiser
Permanente Medical Center in Santa Clara, Stanford Hospi~ in PaiD Alto and The
Forum at Rancho San Antonio, a continuing care retirement center in Los Altos.
HOUSING
Rentals for one and two bedroom apartments and duplexes range from $1,350 to
$2,200 per month. Rent for a two bedroom house ranges from $2,000 to $3,500
per month.
The average price of existing single family homes is $1,O17,320 as of August 2000.
The average sale price for a two bedroom condo is $350,570.
(Source: Mark Bums at Century 21~Seville Contempo)
INDUSTRIAL, COMMERCIAL,
& RESIDENTIAL PROPERTY
The total area of incorporated City of Cupertino is approximately 13 square miles.
There are many development opportunities in Cupertino. Call the city at (408) 777-
3200 for more information.
Fees are assessed for the following: street lighting, storm drains, water, plan
checking inspection, park (residential only), sewer, construction tax, and a school fee.
TAX RATES & GOVERNMENT SERVICES
1. 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.
Property 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 filll
cash 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 after
July 1.
3. Retail Sales Tax: Santa Clara County District: 1%, Local: 1%, State: 6%,
County: .25%, Total: 8.25%.
4. Assessed Valuation: (Secured and Unsecured)
Cupertino $7,332,O95,101 (2000) County $172,917,361,122 (2000)
TRANSPORTATION
· Rail - Southern Pacific, San Jose to San Francisco, with spur line in Cupertino.
· Overnight Delivery To - Reno, Sacramento, San Francisco and Los Angeles.
· Air- Seven miles north of San Jose International Airport; 32 miles south of
San Francisco Airport.
· Bus- Santa Clara County Transit Systems, Greyhound bus lines.
· Water - 20 miles south of Port of Redwood City.
· Highwa.vs - Interstate Route 280, State Route 85, U.S. 101, Foothill Expressway.
SANITARY DISTRICT
Sanitary sewer service is provided by the Cupertino Sanitary. District for the City of
Cupertino, portions of the cities of Saratoga, Sunn.vvale and Los Altos and
surrounding unicorporated areas. With over 45 years of service, the Cupertino Sanitan.'
District provides service to approximately 52,000 persons (21,000 homes and
businesses). As a Special District, an independently elected five member Board of
Directors are directly responsible for providing a safe, effective and economical
sewerage system.
The District's single family annual sewer service charge was increased in 1995 for
participation in a non-portable water reclamation project to recycle wastewater that
would otherwise be discharged to the South Bay. Approximately 70 percent of the
District's sewer service charges are paid directly to the San Jose/Santa Clara Water
Pollution Control Plant.
The District has purchased 8.6 million gallons per day capacity in the 167 million
gallon per day San Jose/Santa Clara Water Pollution Control Plant. The Water Pollution
Control Plant is a three stage (primary, secondary and tertiary) plant. The current
residential service charge is $216.00 per year and the commercial charges, based on
water usage and quality of sewage discharged, range from $1,474 per 100 cubic feet
to $3.685 per 1 O0 cubic feet plus a $1.14 per year charge for each unit of separate
occupancy of a commercial or industrial premise.
Connection fees, if not previously paid, are payable for all parcels not currently
served by the District: Front footage fees range from $16.50 to $46.20 per foot; acreage
fees range from $910 to $1,300 per acres; additional dwelling unit fees are charged for
each unit exceeding a density of 3-1/2 units per acre at rates of $325 to $420 per unit;
and Commercial/Industrial Density Fees are charged on the estimated sewage discharge
per day exceeding 1,120 gallons per day per acre at rates of $1.44 to $1.87 per gallon.
All fees and charges are due and payable prior to approval and issuance of a District
connection permit. Each connector pays a connection permit fee of $76.00 and sewer
service charges in advance to June 30, at which time the service charges are collected
on the tax roll,
UTILITIES
· Natural Gas and Electric- Supplied by Pacific Gas and Electric Company,
10900 N. Blaney Ave., Cupertino, (800) 743-5000.
· Telephone service is supplied by Pacific Bell. For residential service hook-up call
(800) 310-2355; for business service call (800) 750-2355.
· Cable TV - AT&T Broadband, (408) 257-5388.
· Garbage - Los Altos Garbage. (408) 725-4020.
STREET IMPROVEMENTS
There are City standard dedication requirements. Improvement requirements include
half of streets along frontage, plus nearest connection point for storm and water line.
WATER
Water Service is supplied by San Jose Water Works and California Water Service Co.
181
Cupertino
Schools
The class of 2000 graduates of the
five high schools of the Fremont
Union High School District scored
the highest e~Jer districtwide in the
Scholastic Aptitude Test (SAT 1).
FUHSD students scored above the
state and national averages on the
SAT 1 with a verbal mean of 553
and a math mean of 620.
Sev~ty percent of the 2000
graduating class took the exam
for college eligibility this fall.
The percentage of students in this
group who speak English as their
first language is 44%, There are
variations among the schools in
the District. The chart below
provides school, district, state
and national information.
% Seniors Verbal Math % English
# of Takers Graduating Mean Mean 1st Lang
CHS 191 60% 526 597 51%
FHS 145 50% 473 517 55%
HHS 288 65% 547 602 52%
LHS 313 84% 582 656 29%
MVHS 398 83% 578 653 41%
DISTRICT 1335 70% 553 620 44%
CALIFORNIA 156,145 49% 497 518 63%
NATIONAL 1,260,278 44% 505 514 81%
APPROXIMATE RA CE/ETHNIC
BREAKDOWN FOR CUPERTINO
NUMBER PERCENT
WHITE/OTHER AMERICAN 3,642 41.0%
AMERICAN INDIAN/ALASKAN NATIVE 46 .5%
ASIAN/FILIPINO/PACIFIC ISLANDER 3,963 44.0%
AFRICAN AMERICAN 227 2.5%
HISPANIC 1,093 12.0%
Source: Cindy McArthur, Fremont Union High School District
SCHOOLS
Voter Registration
as of June 29, 1999:
City. 24,147
County. 7zt0,950
Major Party
Registration:
City 9,309 (D)
8,566 (R)
County 241,275 (D)
230,885 (R)
Source: County Reg~trar of Voters
Approximate
Race/Ethnic
Breakdown for
Cupertino:
White 43.6%
Black 2.0%
Hispanic 7.95%
Asian 41.48%
Filipino 2.08%
Source: California Basic
Educational Data Survey
CLIMATE
Average Temperature Rain
Period
JAN
APR
J~Y
OCT
Humidity
Min Mean Max Inches 8am 5pm
40 49 57 2.82 85 66
46 57 69 1.09 73 56
54 67 81 Trace 65 54
49 61 74 .65 62 58
47 59 70 14.05 70 58
Elevation: 236 Feet
fburces: A'ational Weather fi'em,ice
182
Characteristics of the Labor Force
A large number of companies are not unionized due to progressive employee benefit programs. Wage rotes, extent of unionization, fringe benefits.
and related information for specific industries and job classifications may be obtained from the State Emplo),ment Development Department locat-
ed at 297 West Hedding. San Jose, CA 95110 or at 800 Capitol Mall. ,~tcramento, CA 9581 ~.
MANUFACTURING EMPLOYMENT
- IN CUPERTINO
There are oter 50firms engaging in manufacturing or research and detelopment 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
-- Compaq Computers ............... 3,000 ....................... Computers
Symantec Corp .................... 1,300 ........ Personal Computer Software
~ Honeywell-Measurex Corp ........... 375 .................. Process Controls
Rational Software Corp .............. 375 .............. Software Development
Demographics
Census 2000
40
20
4.0
06
0,2
N O N- MAN UFAC TURIN G
EMPLOYMENT
Foothill/DeAnza
Community. College District .................. 3,000 ....... 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)
b~)nplql'ed Reqdents of Cou nt.~,: 8_99. 500.
To~al Comtty Emplql'ment 917, 700.
7b/al Cirih?m Labor Force; 946.600.
Agriculture, Mining ........................... 6,430
Construction ................................... 28,730
Manufacturing ................................. 231,590
Transportation/Corem/Utilities ................ 25,440
Retail Trade .................................... 120,430
Wholesale Trade ............................... 52,240
Finance/Real Estate~lnsurance ...............31,280
Services ........................................ 278,410
Government .................................... 52,800
183
LIBRARY
Cupertino Library. is the largest and most heavily used member of the Santa Clara
Count5., Library. District with a collection of over 300,000 volumes as well as
periodicals, compact discs, audio and video cassettes, and CD-ROMs. In the past
twelve months Cupertino Library. staff have checked out over 1,571,106 items to the
community and have answered close to 100,000 reference questions. Among the
library. 's strengths are business and art reference and a growing collection of popular
materials in a variety of international languages. In addition, Cupertino houses the
county library's central reference collection, which includes state and federal legal
codes.
Cupertino Library's .l)ynix online catalog provides both graphical and text-based
access to the World Wide Web and to reference and full-text magazine databases.
Beginning lnternet classes are offered for families and for individuals.
Adult reference librarians conduct library tours and online catalog demonstrations
from 1-2 pm on Wednesdays and from 2-3 pm on Saturdays. Santa Clara County
Library's new Home Page address is: hltp://www, santaclaracountylib.org.
Children's reference librarians present weekly sro .rytimes for specific age group
a semi-annual series of family sro .rytimes in Mandarin Chinese, and a Summer Reading
Club with special activities for schoolage children. Summer Reading for Teens is also
offered. Awards for both summer programs are funded by The Friends of the
Cupertino Library. through their memberships and three annual booksales in
Febrnary, May, and October.
The Cupertino Library Foundation holds fundraising events to benefit the libra.
and provides information on planned gifts 1o the library.
/tn tTI~S (Academy for Teaching Literacy. to Adult Students) adult literacy, class,
co-sponsored by the libran/and the Fremont Union High School District Adult
Education Program, meets weekly at the library..
The library provides dial-in access at 287-5590 (South County at 842-0657) and
phone renewals at 1-800-471-0991 for most library, materials. Information on these
services is available in the library, or by calling 446-1677 or accounts and billing
information at 1-800-286-1991.
The library, is open seven days a week: Monday and Thursday 10-9, Friday-Saturday
10-6, and Sunday 12-6. Sunday service and extended hours (Monday-Tuesday 10-12
and Thursday 6-9) funded by the City of Cupertino.
THE Q UINLAN CENTER
The City of Cupertino's Robert W. Quiulan Community Center is a 27,000 square foot
facility that provides a variety of recreational opportunities. Most prominent is the
Cupertino Room which is a multi-purpose room that can accommodate 300 people in
a banquet format. Cupertino Quinfan Center is also home to the Cupertino Historical
Society, a wonderful museum of local history,, as well as the o~ces of Cupertino
Community Services. For more information call (408) 777-3120.
CUPERTINO SENIOR CENTER
The Cupertino Senior Center is full of over 50 years of age learning, volunteering and
enjoying themselves. Exercise classes (over 30 hours a week), computer lab and
classes, language including English as second language, cultural and special interest
classes. Opportunities abound to help the center function, from helping at the desk
to specialized work with the travel coordinator or case manager to serving on the
advisory, council. Workshops include "Planning Ahead" and divorce issues, support,
discussion groups, music, book, arts and film groups, plus computer and 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
them in the community.
The Senior Center is located at 21251 Stevens Creek Boulevard, at Mary., in
Memorial Park. Phone 408-777-3150, Fax 408-777-3153, Open 8 am to 5 pm.
Monday through Friday.
CAREER ACTION CENTER
r~[][~ The Career Action Center is a nonprofit, full-senice career
development organization -- nationally recognized for thought
leadership about career issues and trends. Since 1973, the
c ^ R E E R Career Action Center has provided information, education,
A C T I 0 N
c ~ , 'r E ~ coaching and support to individuals to help them achieve
career success and satisfaction.
Our knowledgeable staff of career counselors and coaches, librarians, instructors
and consultants assists individuals who live and work in Silicon Valley' -- and beyond.
The Career Action Center provides resources and encouragement, helping people
understand and address their work-life needs -- committed to actively managing their
worldife in a rapidly changing environment.
Learn more about the Center and the services we have to offer at one of our
monthly Free Introductions, held the 1st and 3rd Tuesday and Saturday at 10:30 am
and the 2nd and 4th Thursday at 6:00 pm. The Center is located at 10420 Bubb Road
in Cupertino, near the intersection of Stevens Creek Boulevard. Call (408) 253-3200
or visit our web site at www. careeraction.org for more information.
CUPERTINO COMMUNITY SERVICES
People Helping People
Cupertino Community Services (CC, S) is a nonprofit,
charitable, community-based agency, serving the needs of
low-income West Vall~' residents. CCS prevents hunger by
distributing more than 80,000 pounds of food each year to
hundreds of our less fortunate neighbors. To prevent the
eviction of families from their homes and the shut-off of
utilities, CCS provides rental assistance and help with PG&E
bills. CCS volunteer drivers transport senior and disabled
members of our community to critically needed services such as doctor and dental
appointments. As a Salvation Army Service Center, CCS provides vouchers for gasoline,
prescription drugs and shoes. The ecs Holiday program coordinates the distribution
of Thanksgiving, Spring and Summer food baskets and organizes an "Adopt-A-Family"
Prol~ram in December.
Ccs also offers a continuum of care in housing services. The ecs Rotating Shelter
Program, in collaboration with local religious congregations and volunteers, helps
employable homeless men, woman, and woman with children temporarily rent
low-income housing in the CCS Transitional Housing program. Through the CCS
Affordable Housing Program, qualified families and individuals in the Cupertino
community may obtain homes at below market rates.
But CCS cannot provide emergency, assistance to the needy each year without
community support. Generous donations of time, services and money are needed
so that Ccs can help our less fortunate neighbors. Ccs is located in the Quinlan
Community Center at 10185 N. Stetting Road, Cupertino. For more information, or
to lind out how you can help, call 255-8033 or send email Ccs@accesscom.com.
C UPER TINO- S UNNYVALE
SENIOR DAY SERVICES
The purpose of Senior Day Care is to support older adults and their family caregivers
in maintaining independence and a quality lifestyle at affordable cost. Senior Day
Services operates two Senior Day Centers for frail and health-impaired seniors. The
daily program is designed to help older adults maintain or improve their mental and
ph.vsical status. The activities include music, exercise, crafts, word games, travelogues,
discussions and nature videos. A hot lunch is served, as well as morning and
afternoon snacks. The Cupertino Center is located at Stelling and McClellan Roads,
at St. Jude's Episcopal Church. For more information, call (408) 973-0905.
184
Parks
Recreation
wealth of recreational
and leisure activities
available at the many
city facilities, parks, and school grounds
within Cupertino. The Parks and
Recreation Department offers 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 City. 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.
185
Blackberry Farm
This 33-acre recreational facility offers group picnics, swimming pools and a
9-hole golf course. The picnic grounds and swimming pools are located at
21975 San Fernando Ave. and the Golf Course at 22100 Stevens Creek Blvd.
Phone: (408) 777-3140 Website: www. blackberryfarm.org
Cupertino Sports Center
Cupertino Sports Center is a great place to meet friends. The facility features 17
tennis courts (12 lighted), complete locker rooms facilities, saunas, jacuzzis,
and a fully equipped fitness center, featuring free weights, cydesc and cardio
equipment. The center is located at the intersection of Stevens Creek and Stelling.
Phone: (408) 777-3160.
Deep Cliff Golf Course
This lovely 52-acre facility offers a number of amenities including a top quality
golf course, new practice and teaching center as well as first class dining facilities.
Features include a challenging mid-length golf course that boasts picturesque
views of Stevens Creek along with superb maintenance and unique playing
challenges. The new Deep Cliff Practice Center offers an 8000 sq. ft. putting
green and 12 station hitting area to bone golf skills. A full service golf shop,
lesson programs and clinics are also available. The Grill Cafe located at Deep
Cliff has the best food in the area with 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. ^ horse ranch during the 1930s and 4Os, this 18-acre
park has the appearance of a working ranch. Preserved on the property are the
original ranch house, milk barn, livestock barn and two historic buildings moved
from other sites in the city: Baer's Blacksmith Shop, originally located at DeAnza
and Stevens Creek Boulevards, and the old water tower from the Parish Ranch,
now the site of Memorial park. Mso at McClellan Ranch are corrals where Rolling
Hills 4-H Club members raise rabbits, chickens, sheep, swine and cattle, and a
Junior Nature Museum, which features small live animal exhibits and dispenses
information about bird, animal, and plant species of the area.
Community garden (organic) plots are available for city residents tn use.
Tours of the farm buildings and Junior Museum are conducted for school
children. Phone: (408) 777-3120.
Memorial Park
Stevens Creek Blvd. at Mary Ave. Attractions at the 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. Mso an amphitheater; lighted softball field; a gazebo
and picnic 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 with a pool and creek vista for
conferences, special occasions, or fundraising 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 from $50-$1OO per hour (3 hour Minimum) until 10 pm.
Complementary time for set-up and clean up is provided. Rancho also has swim
lessons available and public swimming daily from 1-5 pm starting June 15.
Parking is in two locations. 18000 Chelmsford Dr., Cupertino.
Phone: (408) 252-8429 Fax (408) 252-4404. Email: pooltime@worldnet.att.net
Northwest YMCA
The Northwest YMCA has a variety of programs for the whole family. Home of the
"12 Week Personalized Fitness" program, the modern fitness center has prngr'ams
specifically for new and returning exercisers for all ages.
Other programs include year-round licensed child-care, traditional summer
camps along with specialty camps such as golf, skateboard, science camps and
much more. There is a teen center, parent child programs, and year round youth
sports. Many volunteer
opportunities are available
from the YMCA Service Club to
coaches for sports or exercise
instructors.
YMC4 programs help
build strong kids, strong
families and strong
communities.
Location:
20803 Alves Drive,
Cupertino, CA 95014
Hours:
M-F 5:30 am - 10 pm
Sat/Sun 7:00 am- 6:00 pm
Phone:
(408) 257-7160
Other Cupertino Parks:
HooVER PARK - Leed Ave. near Primrose.
JOLU, M~ PARK - Stelling Rd. near McClellan Rd.
I, mDA V~r.~ PAP. Z - I, inda Vista Drive near Columbus.
MOr~TA VlST~ P~u~ - Foothill Blvd. and Voss Ave.
PORTAL PAP~ - N. Portal Ave. off Stevens Creek Blvd.
Sre~,i~L~r S~{~ARE P~d~ - Stokes Ave. near Peninsula Dr.
TnR~ Ox PAP, X - Candlelight Way near Rainbow.
VAPdA~ P~R~ - Ainsworth Drive at V'~ta Knoll.
Wn~o~ PAP, K - S. Portal Ave. near Stevens Creek Blvd.
~E PAR~ - Miller Avenue, between Stevens Creek Blvd. and Bollinger.
186
K 12 Public Schools
Winners of numerous state and
national awards for excellence,
our city's schools are widely
acknowledged to be models of
quality instruction. Two public school
systems serve Cupertino: The Cupertino Union
School District (CUSD) for kindergarten
through eighth grade, and the Fremont Union
High School District (FUHSD).
Cupertino Union School District serves'
15,450 students--representing 64 different
languages--in a 26-square mile area that
includes Cupertino and portions of five other
cities. The district has 20 elementary 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 technology 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 Sunnyvale and portions
of San Jose, Los Altos, Saratoga, and Santa Clara. The five schools of the District---Cupertino, Fremont, Homestead,
Lynbrook, 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 test scores, as well as above comparative schools in the
State, producing one of the largest number of National Merit [
Scholar Hnalists 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 arts
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 District's Adult and Community
Education Center offers classes in citizenship, English 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.
Cupertino
prides tself on
excellent
public schools.
187
Enphmt
Jlllsenm of Art
The highO, regarded
Euphrat Museum of Art
adjacent to the Flint Center
on the De Anza College
campus traditionally
presents one-of-a-kind
exhibitions, publications,
and events reflecting the
rich diverse heritage of our
area. The Museum prides
itself on its changing
exhibitions of national
and international stature,
emphasizing Bay Area
artists. Museum hours are
l lam - 4pm, Tuesd~j;
Wednesd~.;5 Thursday;
6- 8pm Tuesda); and
l lam - 2pm Saturda):
Information:
408-864-8836.
Minolta De Anza
Plane/ar/mn
Stargazers have
a Cupertino facility
catering to their interests.
the Minolta Planetarium on the DeAnza College campus. It hosts a vari-
ety of planetarium shows and events, including educational programs
for school groups, special laser shows for the public on Friday nights
and observance of National Astronomy Day.
Information: 408-864-8814.
Flint Center
The cultural life of the Peninsula and South Bay is enhanced by
programs presented at Flint Center for the Performing Arts, located
at 21250 Stevens Creek Boulevard at DeAnza College. Opened in 1971,
the 2,400 seat center was named in honor of Calvin C. Flint, first
chancellor of the Foothill-DeAnza Community College District. The
box o~?ce, located on the west side of the center near the main
entrance, is open lO:OOam - &OOpm Monday through Friday, and
1 1/2 hoursprior to any Flint Centerperformance.
Box oJ~ce: (408) 864-8816. Administrative OJ~ce: (408) 864-8820.
Wineries
Ridge Vineyards, Inc. was built in 1886 by a San Francisco physi-
cian. His summer home and cellars are still in use as the production
winery. Since prohibition, Ridge has produced thirty-seven vintages of
its Monte Bello estate Cabernet. Tasting and sales 1lam - 3pm Saturday
and Sunday. Located at 17100 Montebello Roa~.
Call (408) 867-3233.
Ptcchettt Winery, located on the Historic Picchetti land, is one of the
oldest wineries in California. The beautiful tasting room and gift shop
feature award winning
Chardonnay, Zinfandel. Merlot
and Cabernet Sauvignon wines.
Open Saturday and Sunday from
12-5pm and by appointment for
private and corporate events.
Visit our 370 acres of adjacent
Open Space Preserves for hiking
and picnics. Located at 13100
Montebello Road, just minutes
from dou,ntown Cupertino. Call
(4o8) 741-1310.
www.picchett i. corn
Cupertino
Historical Society
On May 2, 1966 the Cupertino
Historical Society was founded
by a group of residents concerned
about the rapid growth in the
area and its impact on the
quickO, vanishing Cupertino
heritage. On March 30, 1990 the
Cupertino Historical Museum
opened its doors and hundreds
of houseboM objects, furniture,
clothing, photographs, and
documents of early Cupertino
were displayed. The mission of
the Cupertino Historical Museum
is dedicated to ensuring that the heritage of Cupertino stays alive for
all to understand and share. Education is at &e center of our public
service role. The museum strives through its programs and exhibits
to understand, develop and expand the learning opportunities that
we offer the communit); be it K-12 school students or community
members representing the diversity of Cupertino. I/olunteers from
the SocieO, display and discuss the significance of the artifacts from
the museum by means of a traveling trunk taking it regularly to
schools, clubs, senior centers and corporations. Membership meetings
are hem monthly featuring programs of local historical interest.
Hours: l Oam-4pm Wednesday-Saturday.
Located in the Quinlan Community Center at 10185 N. Stelling Road.
Information: 408-973-1495 Fax: 408-973-8049.
California HistoO, Center
The California History Center is located on the DeAnza College campus
in the restored le Petit Trianon mansion. The History Cent~ to date,
has published 35 volumes on California history and stages rotating
exhibitions throughout the year. The center's Stocklmeir Library, boasts
a large collection of books, a pamphletfile, oral history tapes, video
tapes and a couple of thousand student research papers. The library's
collection is non-profit, for reference only. Heritage events focusing on
California's cultural or natural history are offered by the Center each
quarter For more information call 408-864-8712. The Center is open
throughout the school year 8:30am - noon and 1 - 4:30pm Monday-
Thursdaj:
188
Japanese Cultural Festival, Saturday, April21- Sundaj; April22.
Held at Memorial Park, Stevens Creek Blvd. & Huy 85 (across from
De Anza College). Sponsored by Sister CIO,, Toyokawa.
Contact: Lucille Honig, (408) 257-7424.
May 18, 19, & 20 at De Anza College. Contact: Jeri Park~
(408) 864-5448. wwu'.deanzapowwou,.org
October (TBA). The Cupertino Educational Endowment Foundation's
annual Gala will be from 6:00pm to midnight, hosted by Hewlett
Packard. The festive black tie benefit for the Cupertino Union School
District will feature an elegant buffet supper, auction, dancing,
casino and entertainment. For more information, please contact
Eleanor Watanabe (408) 446-2333.
Ttl4. Amphitheatre - Memorial Park. Contact: San Francisco
Shakespeare (415) 422-2309 or 1-800-978-PLAY.
Saturday, August 11 - Sunday, August 12. Sponsored by the Cupertino
Chamber of Commerce. Held at Memorial Park, Stevens Creek Blvd.,
at Mary Avenue. Contact: Chamber Off?ce, (408) 252-7054.
September (Tll~) in Memorial Park, sponsored by Fine Arts League and
Parks & Recreation Dept. Contact: Nancy Bennett, (408) 777-3120.
l'l,;lh~ (~{'llter
World Class Theatre, Music and Dance. Regular performances.
Box Off?ce: 864-8816, Administration: (408)864- 5300.
For more information, contact: Parks & Recreation. (408) 777-3120.
September (Ttl~) 5:00pm - 9:00pm. Blackbero, Farm.
21975 San Fernando. Contact: Nancy Bennett (408) 777-3120.
Saturday, October 13 - Sunday, October 14. Sponsored bj, the Rotary
Club of Cupertino. Held at Memorial Park, Stevens Creek Boulevard,
at MaD, Avenue. Contact: Richard Lowenthal (408) 973-8494.
Saturda): October (TBA). Starts 10:00 am along Stevens Creek Blvd
& Tome. FieM Show at 5:00pm at Cupertino High School.
Contact: Rosalie Hallock, Cupertino High School (408) 996-9965.
Located in the Vallco Shopping Center, 10123 N. Wolfe Road, and open
seven days a week. Ice Chalets, the world's largest chainof ice skating
rinks, is open year round for your skating pleasure. A variety of lessons
is offered for both figure and hockey skating enthusiasts. For more
information, contact Dave Guy at (408) 446- 2906.
Located in the Oaks Shopping Cent~ 21275 Stevens Creek Blvd.
Information; (408) 446-0472.
?[(lliU/tll'l'lli)l
Located on the De Anza College Campus. Information: (408) 864-8814.
Note: Dates subject to change. Please verify with contact person.
189
NOTES
190