105-General Fund Budget Report.pdfCity of Cupertino
General Fund Budget Report
December 31, 2011
2010/11 2011/12 12/31/2010 12/31/2011 Analysis of Trends
Taxes:
Sales Tax 12,117,875 14,283,000 8,617,379 10,088,562 Carryover effect of last year's growth
Property Tax 12,076,000 11,951,000 6,088,845 6,245,463
Transient Occupancy 2,094,000 2,590,000 1,041,954 1,149,308 Revenue per available room up
Utility Tax 3,433,000 3,540,000 1,314,169 1,284,869
Franchise Fees 2,656,000 2,860,000 590,165 564,674
Other Taxes 1,224,000 1,190,000 757,490 648,305 One time HP property sale last year
Licenses and Permits 2,610,000 2,618,000 1,495,901 1,574,115
Use of Money & Property 1,188,000 969,000 329,654 286,551 New reporting for accrued interest
Intergovernmental 582,000 575,587 222,625 158,730 Different grants, no vehicle license fee to cities
Charges for Services 1,652,000 1,552,000 845,665 1,521,058 Apple campus, Blackberry Farm concessions, Senior Center trips
Fines & Forfeitures 920,000 650,000 244,138 220,424
Other Revenue 100,000 100,000 38,660 56,881
Total Revenue 40,652,875 42,878,587 21,586,645 23,798,940 10% over prior year
Operating Expenditures:
Administrative 1,611,139 1,740,880 719,451 744,008 On track with budget
Law Enforcement 8,884,396 8,979,762 4,358,436 4,438,398 On track with budget
Public & Environ. Affairs 1,497,263 1,652,042 666,477 731,651 On track with budget; City Channel & website higher
Administrative Service 4,335,491 4,572,746 1,735,503 2,070,179 On track with budget; elections this year
Recreation Service 4,480,147 4,292,066 1,942,109 2,177,200 Cost of service up to correspond w/higher revenues
Community Development 3,850,000 4,152,214 1,442,522 1,574,755 On track w/ budget; increased development activity
Public Works 12,533,314 12,436,272 5,234,688 5,405,211 On track with budget
Total Expenditures 37,191,750 37,825,982 16,099,186 17,141,402 6% over prior year; within budget
Transfers In 337,482 34,820 132,498 17,406 Capital and technology savings
Transfers Out -7,049,283 -6,430,800 -3,362,496 -3,215,400 Debt service, capital, technology, and retiree medical funding
Net Gain/(Loss)-3,250,676 -1,343,375 2,257,461 3,459,544
Budget Actual