FSP 03-03-09City of Cupertino
Fiscal Strategic Plan Committee
Minutes
March ?~, 2009
1. CALL TO ORDER
At 2:05 p.m. Carol Atwood called the meeting to order at Cupertino City Hall, 10300
Torre Avenue, Conference Room A, Cupertino.
2. ROLL CALL
Present: Carol Atwood, Gary Chao, belly Kline, Roger Lee, Orrin Mahoney, Kris
Wang, David Woo
3. APPROVAL OF MINUTES
None. First meeting of new committee.
4. ORAL COMMUNICATIONS
None.
5. WRITTEN COMMUNICATIONS
None.
6. OLD BUSINESS
None.
7. NEW BUSINESS
A. 2008/09 Budget Update
Carol Atwood noted that it is estimated that the City is in a break-even
situation for the 2008/09 fiscal year.
B. 2009/10 Preliminary Budget Outlook
The five-year projections were reviewed which show a preliminary shortfall of
approximately $1.9 million for fiscal year 2009-10. Mid-management staff
have been given guidelines to prepare their budgets with the goal of reducing
last year requests by this amount. The committee reviewed and discussed the
list of proposed budget reductions and revenue enhancements.
C. Review Revenue and Expenditure Options
The committee reviewed the revenue strategies currently in the fiscal strategic
plan and gave support to the m:~jority of the items. Due to time constraints,
expenditure strategies were postponed to the next meeting.
March 3, 2009 Fiscal Strategic Plan Committee Minutes Page 2
D. November Ballot Measures
• Utility Users Tax
David Woo summarized three options available in proceeding with a UUT
ballot measure. They include: 1) use of consultants, 2J copy other
municipal successes and meet with special interest groups, or 3) do
number two and reduce the tax from 2.4% to 2.3% at a possible cost of
$50,000 per year. The committee requested that David supply a parallel
timeline which included the following: 1) working with the consultant on
public/voter educations and ~?) meeting with the affected business
representatives from the Chamber, Apple, HP, Symantec, ATBzT, and
Verizon Wireless.
Entertainment Tax
The committee did not wish '[o pursue at this time. The committee
preferred to investigate billing the mall and other shopping centers for
excessive code enforcement and sheriff costs.
7. ADJOURNMENT
The meeting was adjourned at 3:45 p.m.
Carol Atwood
Director of Administrative Services