CC 12-16-2025 Searchable Packet.pdf — Cupertino City Council, December 16, 2025 (part 1 of 9)

Tuesday, December 16, 2025
4:30 PM

CITY OF CUPERTINO
Non-Televised Special Meeting Closed Session (4:30) and Televised Regular Meeting (6:45)
10300 Torre Ave. & 10350 Torre Ave., Council Chamber & via Teleconference; Teleconference Location Pursuant to Gov. Code 54953(b)(2): Renaissance Shihlin Taipei Hotel, No. 8, Lane 470, Section 5, Zhongshan N Rd, Shilin District, Taipei City, Taiwan 11141
City Council

LIANG CHAO, MAYOR

KITTY MOORE, VICE MAYOR
J.R. FRUEN, COUNCILMEMBER

SHEILA MOHAN, COUNCILMEMBER
R "RAY" WANG, COUNCILMEMBER
Note: The Mayor and Vice Mayor listed above reflect the leadership as of the date of packet publication. Leadership may change prior to the meeting.

AGENDA
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IN-PERSON AND TELECONFERENCE / PUBLIC PARTICIPATION INFORMATION OPTIONS TO OBSERVE:

Members of the public wishing to observe the meeting may do so in one of the following ways:
1) Attend in person at Cupertino Community Hall, 10350 Torre Avenue. 2) Tune to Comcast Channel 26 and AT&T U-Verse Channel 99 on your TV. 3) Watch a live stream online at www.Cupertino.org/youtube and www.Cupertino.org/webcast
OPTIONS TO PARTICIPATE AND COMMENT:

Members of the public wishing to address the City Council may do so in the following ways:
1) Appear in person for Closed Session in City Hall, Conference Room C or for Open Session in Cupertino Community Hall.

A. During “Oral Communications”, the public may comment on matters not on the agenda, and for agendized matters, the public may comment during the public comment period for each agendized item.

B. Speakers are requested to complete a Speaker Card. While completion of Speaker Cards is voluntary and not required to attend the meeting or provide comments, it is helpful for the purposes of ensuring that all speakers are called upon.

C. Speakers must wait to be called, then proceed to the lectern/podium and speak into the microphone when recognized by the Mayor.

D. Speakers are limited to three (3) minutes each. However, the Mayor may reduce the speaking time depending on the number of people who wish to speak on an item. A speaker representing a group between 2 and 5 members of the public in attendance may have up to 2 minutes per group member to speak, up to 10 minutes maximum.

E. Please note that due to cyber security concerns, speakers are not allowed to connect any personal devices at the lectern/podium. However, speakers that wish to share a document (e.g. presentations, photographs or other documents) during oral comments may do so in one of the following ways:
a) At the overhead projector at the podium, or
b) E-mail the document to [email protected] by 3:00 p.m. and staff will advance the slides/share the documents during your oral comment.

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2) Written Communications as follows:

A. E-mail comments to the City Council for Closed Session or Open Session at [email protected] as follows:
a. E-mail comments must be received by 4:00 p.m. on the day of the meeting in order to be forwarded to the City Council before the meeting.
b. Emailed comments received following agenda publication but prior to, or during, the meeting, will be posted to the City’s website after the meeting. c. These e-mail comments will also be received by each City Councilmember, the City Manager, and the City Clerk’s Office. Comments on non-agenda items sent to any other email address will be included upon the sender's request.

B. Regular mail or hand delivered addressed to the: City Council, City Hall, 10300 Torre Avenue, Cupertino, CA 95014
3) Open Session Teleconference in one of the following ways:

A. Online via Zoom on an electronic device (Audio and Video): Speakers must register in advance by clicking on the link below to access the meeting:
https://cityofcupertino.zoom.us/webinar/register/WN_iZEZvxi6ShatiqIu8Qyo7A a) Registrants will receive a confirmation email containing information about joining the webinar.
b) Speakers will be recognized by the name they use for registration. Once recognized, speakers must click ‘unmute’ when prompted to speak.
c) Please read the following instructions about technical compatibility carefully: One can directly download the teleconference (Zoom) software or connect to the meeting in their internet browser. If a browser is used, make sure the most current and up-to-date browser, such as the following, is used: Chrome 30+, Firefox 27+, Microsoft Edge 12+, Safari 7+.

Certain functionality may be disabled in older browsers, including Internet Explorer.

B. By Phone (Audio only): No registration is required in advance and speakers may join the meeting as follows:
a) Dial 669-900-6833 and enter WEBINAR ID: 885 4398 8451 b) To “raise hand” to speak: Dial *9; When asked to unmute: Dial *6 c) Speakers will be recognized to speak by the last four digits of their phone number.

C. Via an H.323/SIP room system:

Join from an H.323/SIP room system:

H.323:
144.195.19.161 (US West)

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City Council Agenda December 16, 2025
206.247.11.121 (US East)
Meeting ID: 885 4398 8451
SIP: [email protected]

NOTICE AND CALL FOR A SPECIAL MEETING OF THE CUPERTINO CITY COUNCIL NOTICE IS HEREBY GIVEN that a special meeting of the Cupertino City Council is hereby called for Tuesday, December 16, 2025, commencing at 4:30 p.m. in City Hall, Conference Room C, 10300 Torre Avenue, Cupertino, California 95014 and Teleconference Location Pursuant to Gov. Code 54953(b)(2): Renaissance Shihlin Taipei Hotel, No. 8, Lane 470, Section 5, Zhongshan N Rd, Shilin District, Taipei City, Taiwan 11141; and an Open Session at 6:45 p.m. in Community Hall Council Chamber, 10350 Torre Avenue, Cupertino, California 95014 and via teleconference; and Teleconference Location Pursuant to Gov.

Code 54953(b)(2): Renaissance Shihlin Taipei Hotel, No. 8, Lane 470, Section 5, Zhongshan N Rd, Shilin District, Taipei City, Taiwan 11141. Said special meeting shall be for the purpose of conducting business on the subject matters listed below under the heading, “Special Meeting."

SPECIAL MEETING
ROLL CALL - 4:30 PM
10300 Torre Avenue, Conference Room C and Teleconference Location Pursuant to Gov.

Code 54953(b)(2): Renaissance Shihlin Taipei Hotel, No. 8, Lane 470, Section 5, Zhongshan N Rd, Shilin District, Taipei City, Taiwan 11141

CLOSED SESSION

1. Subject: Conference With Legal Counsel-Existing Litigation, Govt. Code Sections 54956.9(1)(d) and 54954.5(c); Names of Cases:

1. Yes In My Backyard, et al. v. City of Cupertino, et al., Santa Clara County Superior; Court, Case No. 25CV263924;

2. Lixin (Leon) Chen, et al. v. City of Cupertino, et al., Santa Clara County Superior Court; Case No. 25CV46285; and

3. In Re: 10505 Madrone Court, Cupertino, CA 95014, Santa Clara County Superior Court; Case No. 24CV443930.

2. Subject: Conference With Legal Counsel-Anticipated Litigation, Govt. Code Sections 54956.9(2) and 54954.5(c) (one case)

3. Subject: Public Employee Performance Evaluation, Govt. Code Sections 54957and 54954.5(e); Title: Interim City Attorney

ADJOURNMENT

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REGULAR MEETING
CALL TO ORDER - 6:45 PM
10350 Torre Avenue and via Teleconference; and Teleconference Location Pursuant to Gov.

Code 54953(b)(2): Renaissance Shihlin Taipei Hotel, No. 8, Lane 470, Section 5, Zhongshan N Rd, Shilin District, Taipei City, Taiwan 11141

PLEDGE OF ALLEGIANCE

ROLL CALL

CLOSED SESSION REPORT
CEREMONIAL ITEMS - None

PRESENTATIONS

1. Subject: Presentation by the Outgoing and Incoming Cupertino Poet Laureates Keiko O’Leary (2023-2024) and Thomas Celerier (2026-2028)
Recommended Action: Receive presentation by the Outgoing and Incoming Cupertino Poet Laureates Keiko O’Leary (2023-2024) and Thomas Celerier (2026-2028)

POSTPONEMENTS AND ORDERS OF THE DAY

ORAL COMMUNICATIONS
This portion of the meeting is reserved for persons wishing to address the Council on any matter within the jurisdiction of the Council and not on the agenda for discussion. The total time for Oral Communications will ordinarily be limited to one hour. Individual speakers are limited to three (3) minutes. As necessary, the Chair may further limit the time allowed to individual speakers, or reschedule remaining comments to the end of the meeting on a first come first heard basis, with priority given to students. In most cases, State law will prohibit the Council from discussing or making any decisions with respect to a matter not listed on the agenda. A councilmember may, however, briefly respond to statements made or questions posed by speakers. A councilmember may also ask a question for clarification, provide a reference for factual information, request staff to report back concerning a matter, or request that an item be added to a future City Council agenda in response to public comment.

CONSENT CALENDAR (Items 2-9)
Items appearing on the Consent Calendar are considered routine City business and may be approved by one motion. Typical items may include meeting minutes, awards of contracts, the ratification of accounts payable, and second readings of ordinances. Any member of the Council may request to have an item removed from the Consent Calendar based on the rules set forth in the City Council Procedures Manual. Members of the public may provide input on one or more consent calendar items when the Mayor asks for public comments on the Consent Calendar.

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2. Subject: Approval of December 1, 2025 City Council meeting minutes Recommended Action: Approve the December 1, 2025 City Council meeting minutes A - Draft Minutes

3. Subject: Approval of December 2, 2025 City Council meeting minutes Recommended Action: Approve the December 2, 2025 City Council meeting minutes A - Draft Minutes

4. Subject: Ratifying Accounts Payable for the periods ending November 7, 2025, and November 21, 2025
Recommended Action: A. Adopt Resolution No. 25-103 ratifying Accounts Payable for the Period ending November 7, 2025; and
B. Adopt Resolution No. 25-104 ratifying Accounts Payable for the Period ending November 21, 2025
Staff Report
A – Draft Resolution 11.07.25
B – AP Payment Register for the Period Ending 11.07.25
C – Draft Resolution 11.21.25
D – AP Payment Register for the Period Ending 11.21.25

5. Subject: Receive the FY 2024-25 Annual Comprehensive Financial Report (ACFR) Recommended Action: Receive the FY 2024-25 Annual Comprehensive Financial Report (ACFR)
Staff Report
A - FY 2024-25 ACFR
B - FY 2024-25 GAS Report

6. Subject: Accept Ad-Hoc Legislative Review Committee (LRC) City Council Subcommittee recommendation regarding adopting the Legislative Platform and forming the Legislative Review Committee by Resolution of the City Council Recommended Action: Accept Ad-Hoc Legislative Review Committee (LRC) City Council Subcommittee recommendation to:

1. Adopt the Legislative Platform; and

2. Form the Legislative Review Committee by Resolution of the City Council.

Subcommittee Report
A - Ad-Hoc Legislative Review Subcommittee Agenda
B - Legislative Summary 2025 Year End Update
C - Housing Bills of Interest Year End Update
D - Bills of Interest Year End Update

7. Subject: Appointment of 2026 Council Committee assignments Recommended Action: Ratify 2026 Council Committee assignments

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Staff Report
A – Draft 2026 Council Committee Assignments (forthcoming on December 16)

8. Subject: City Council meeting schedule through January 20, 2027 Recommended Action: Adopt Resolution No. 25-105 establishing the City Council meeting schedule through January 20, 2027
Staff Report
A - Draft Resolution

9. Subject: 2025 Commission and Committee Annual Activities Report Recommended Action: Receive the 2025 Commission and Committee Activities Report Staff Report
A - Report

PUBLIC HEARINGS
Government Code Section 65103.5 limits the distribution of copyrighted material associated with the review of development projects. Members of the public wishing to view plans that cannot otherwise be distributed under Govt. Code Section 65103.5 may make an appointment with the Planning Division to view them at City Hall by sending an email to [email protected]. Plans will also be made available digitally during the hearing to consider the proposal.

10. Subject: Consideration of a new residential development project consisting of 55-townhome-condominium units and 10 ADUs, housed within ten three-story buildings, on three contiguous parcels, totaling 2.72-acres, located on the south side of Stevens Creek Boulevard at the present location of the United Furniture site. (Application No(s): DP-2024-004, ASA-2024-008, TM-2024-005, & U-2025-004; Applicant(s): Nick Kosla (Toll Brothers); Location: 10075 E. Estates & 19610 Stevens Creek Blvd. (A.P.N.: 369-06-002, -003, -004)
Recommended Action: 1. Find the project exempt from the California Environmental Quality Act (CEQA)

2. Approve the following:
a. Adopt Resolution No. 25-106 approving Development Permit (DP-2024-004) (Attachment A);
b. Adopt Resolution No. 25-107 approving Use Permit (U-2025-004) (Attachment B); c. Adopt Resolution No. 25-108 approving Architectural & Site Approval Permit (ASA-2024-008) (Attachment C); and
d. Adopt Resolution No. 25-109 approving Tentative Final Map (TM-2024-005) (Attachment D).

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Staff Report
A - Draft Resolution for DP-2024-004
B - Draft Resolution for U-2025-004
C - Draft Resolution for ASA-2024-008
D - Draft Resolution for TM-2024-005
E - Categorical Exemption Memorandum
F - Public Comment
G - Project Site Plan and Renderings

ACTION CALENDAR

11. Subject: Determine City Hall Improvements project scope and resources, approve budget modification in the amount of $54,000,000 and authorize design-build delivery methods.

Recommended Action: For the Capital Improvement Programs (CIP) City Hall Improvements project (Project),

1. Approve the proposed scope of the Project:
a. Risk Category IV Renovation of Structural System
b. Maintain Current Footprint: Reconfigure Interior, no vertical or horizontal expansion
c. No Parking Expansion
d. Upgrades to Infrastructure and Accessibility

2. Adopt Resolution No. 25-110 approving Budget Modification No. 2425-425, increasing appropriations by $54,000,000 in the Capital Improvement Fund for the Project (420-99-250);

3. Authorize the City Manager to undertake a design-build project delivery method for the Project;

4. Adopt Resolution No. 25-111 approving the procurement of a design-build contract for the Project.

Staff Report
A - Draft Resolution Budget Modification
B - Draft Resolution Design Build project
C - 2025 Cost Estimate City Hall
D - 2022 Cost Estimates CH project

ITEMS REMOVED FROM THE CONSENT CALENDAR

CITY MANAGER REPORT

12. Subject: City Manager Report
A - City Manager's Report

ORAL COMMUNICATIONS - CONTINUED

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COUNCILMEMBER REPORTS

13. Subject: Councilmember Reports
A - Councilmember Report, Chao
B - Councilmember Report, Fruen
C - Councilmember Report, Mohan
D - Councilmember Report, Moore
E - Councilmember Report, Wang

FUTURE AGENDA ITEMS
The Upcoming Draft Agenda Items Report is a tentative council meeting agenda calendar that lists upcoming City Council meeting dates and tentative agenda items, all of which are subject to change.

14. Subject: Upcoming Draft Agenda Items Report
A - Upcoming Draft Agenda Items Report

ADJOURNMENT
Lobbyist Registration and Reporting Requirements: Individuals who influence or attempt to influence legislative or administrative action may be required by the City of Cupertino’s lobbying ordinance (Cupertino Municipal Code Chapter 2.100) to register and report lobbying activity. Persons whose communications regarding any legislative or administrative are solely limited to appearing at or submitting testimony for any public meeting held by the City are not required to register as lobbyists.

For more information about the lobbying ordinance, please contact the City Clerk’s Office at 10300 Torre Avenue, Cupertino, CA 95014; telephone (408) 777-3223; email [email protected]; and website: www.cupertino.org/lobbyist.

The City of Cupertino has adopted the provisions of Code of Civil Procedure §1094.6; litigation challenging a final decision of the City Council must be brought within 90 days after a decision is announced unless a shorter time is required by State or Federal law.

Prior to seeking judicial review of any adjudicatory (quasi-judicial) decision, interested persons must file a petition for reconsideration within ten calendar days of the date the City Clerk mails notice of the City’s decision. Reconsideration petitions must comply with the requirements of Cupertino Municipal Code §2.08.096. Contact the City Clerk’s office for more information or go to http://www.cupertino.org/cityclerk for a reconsideration petition form.

In compliance with the Americans with Disabilities Act (ADA), anyone who is planning to attend this meeting who is visually or hearing impaired or has any disability that needs special assistance should call the City Clerk's Office at 408-777-3223, at least 48 hours in advance of the meeting to arrange for assistance. In addition, upon request in advance by a person with a disability, meeting agendas and writings distributed for the meeting that are public records will be made available in the appropriate

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alternative format.

Any writings or documents provided to a majority of the Cupertino City Council after publication of the packet will be made available for public inspection in the City Clerk’s Office located at City Hall, 10300 Torre Avenue, Cupertino, California 95014, during normal business hours; and in Council packet archives linked from the agenda/minutes page on the City web site.

IMPORTANT NOTICE: Please be advised that pursuant to Cupertino Municipal Code section

2.08.100 written communications sent to the City Council, Commissioners or staff concerning a matter on the agenda are included as supplemental material to the agendized item. These written communications are accessible to the public through the City website and kept in packet archives. Do not include any personal or private information in written communications to the City that you do not wish to make public, as written communications are considered public records and will be made publicly available on the City website.

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Agenda Item
25-14604 Agenda Date:
12/16/2025 Agenda #: 1.

Subject: Conference With Legal Counsel-Existing Litigation, Govt. Code Sections 54956.9(1)(d) and 54954.5(c); Names of Cases:

1. Yes In My Backyard, et al. v. City of Cupertino, et al., Santa Clara County Superior; Court, Case No. 25CV263924;

2. Lixin (Leon) Chen, et al. v. City of Cupertino, et al., Santa Clara County Superior Court; Case No. 25CV46285; and

3. In Re: 10505 Madrone Court, Cupertino, CA 95014, Santa Clara County Superior Court; Case No. 24CV443930.

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Agenda Item
25-14608 Agenda Date:
12/16/2025 Agenda #: 2.

Subject: Conference With Legal Counsel-Anticipated Litigation, Govt. Code Sections 54956.9(2) and 54954.5(c) (one case)
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Agenda Item
25-14609 Agenda Date:
12/16/2025 Agenda #: 3.

Subject: Public Employee Performance Evaluation, Govt. Code Sections 54957and 54954.5(e); Title:

Interim City Attorney
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Agenda Item
25-14555 Agenda Date:
12/16/2025 Agenda #: 1.

Subject: Presentation by the Outgoing and Incoming Cupertino Poet Laureates Keiko O’Leary (2023- 2024) and Thomas Celerier (2026-2028)
Receive presentation by the Outgoing and Incoming Cupertino Poet Laureates Keiko O’Leary (2023- 2024) and Thomas Celerier (2026-2028)
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Agenda Item
25-14597 Agenda Date:
12/16/2025 Agenda #: 2.

Subject: Approval of December 1, 2025 City Council meeting minutes Approve the December 1, 2025 City Council meeting minutes CITY OF CUPERTINO Page 1 of 1 Printed on 12/10/2025
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DRAFT MINUTES

CUPERTINO CITY COUNCIL
Monday, December 01, 2025

SPECIAL MEETING
At 7:31 p.m., Mayor Chao called the Special City Council Meeting to order and led the Pledge of Allegiance in the Cupertino Community Hall Council Chamber, 10350 Torre Avenue and via teleconference; Teleconference Location Pursuant to Gov. Code 54953(b)(2): Wynn Resort, 3131 Las Vegas Blvd S, Las Vegas, NV 89109.

ROLL CALL

Present: Mayor Liang Chao, Vice Mayor Kitty Moore, and Councilmembers J.R. Fruen, Sheila Mohan, and R “Ray” Wang (participated remotely). Absent: None.

PUBLIC HEARINGS

1. Subject: Amendment to FY 25-26 Fee Schedule to establish fee for ministerial two lot Urban Lot Split Applications (Continued from November 18, 2025) Recommended Action: Adopt Resolution No. 25-098 to amend the City’s FY 25-26 Fee Schedule - Schedule C - to establish a new, reduced fee for Ministerial Urban Lot-Split Applications
Luke Connolly, Assistant Director of Community Development, reviewed the staff report.

Councilmembers asked questions and made comments.

Mayor Chao opened the public hearing and, seeing no one, closed the public hearing.

MOTION: Fruen moved and Wang seconded to Adopt Resolution No. 25-098 to amend the City’s FY 25-26 Fee Schedule - Schedule C - to establish a new, reduced fee for Ministerial Urban Lot-Split Applications. The motion passed with the following vote:

Ayes: Chao, Moore, Fruen, Mohan, and Wang. Noes: None. Abstain: None. Absent:

None.
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ACTION CALENDAR

2. Subject: City Manager's First Quarter Financial Report for Fiscal Year 2025-26; Budget Modification No. 2526-419, decreasing appropriations by $674,221 and increasing revenues by $503,628 resulting in a $1,177,849 increase to unassigned fund balance Recommended Action: 1. Accept the City Manager’s First Quarter Financial Report for Fiscal Year 2025-26; and

2. Adopt Resolution No. 25-099 approving Budget Modification No. 2526-419, decreasing appropriations by $674,221 and increasing revenues by $503,628 resulting in a $1,177,849 increase to unassigned fund balance
Written communications for this item included a staff presentation, a desk item California Department of Tax and Fee Administration (CDTFA) statement of BradleyBurns local tax distribution, and emails to the Council.

Director of Administrative Services Kristina Alfaro and Acting Budget Manager Toni Oasay-Anderson gave a presentation.

Councilmembers asked questions and made comments.

At 8:06 p.m., Mayor Chao recessed the meeting. The meeting reconvened at 8:26 p.m. with all Councilmembers present.

Mayor Chao opened the public comment period and the following members of the public spoke.

Planning Commissioner San R (representing self)
Peggy Griffin
Mayor Chao closed the public comment period.

MOTION: Moore moved and Fruen seconded to:

1. Accept the City Manager’s First Quarter Financial Report for Fiscal Year 2025-26; and

The motion passed with the following vote: Ayes: Chao, Moore, Fruen, Mohan, and Wang. Noes: None. Abstain: None. Absent: None.

3. Subject: Review first quarterly update for the FY 25-27 City Work Program and make modifications with items from the Future Agenda Items requested by Councilmembers 17 CC 12-16-2025
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("TBD List")
Recommended Action: 1) Receive first quarterly update for the FY 2025-27 City Work Program;
2) Review the TBD list and the FY 25-27 City Work Program, make any desired modifications to finalize the council priority projects Written communications for this item included a supplemental report with staff answers to councilmember questions and emails to the Council.

Senior Management Analyst Astrid Robles gave a verbal presentation.

Councilmembers asked questions and made comments.

Mayor Chao opened the public comment period and the following members of the public spoke.

Beck Poltronetti
Kathy Yates, representing Cupertino Rotary, with time ceded by Bill Furnish, Louisa Roberts, Helene Davis, Jim Davis, and Jagi Shahani.

Steve Le Fevre, representing Cupertino Rotary-Climate Action Committee, with time ceded by Alysa Sakkas, Dina Sakkas, Mauri Okamoto-Kearney, and Peter Troop Planning Commissioner Seema Lindskog, representing Cupertino Rotary Bob Pruitt, representing Cupertino Rotary, with time ceded by Susan Black, Jennifer Shearin, Padma Chari, Sean Gasperini, and Steve Vidobor Peggy Griffin
Louis Saadati
Planning Commissioner San Rao (representing self)
Mayor Chao closed the public comment period.

MOTION: Chao moved and Wang seconded to:

1. Receive first quarterly update for the FY 2025-27 City Work Program;

2. Approve the TBD list and the FY 25-27 City Work Program, as modified:

TBD list (Attachment D) modifications
 Remove Items 1–4
 Add Item 10 (retail) and Item 11 (park) to the City Work Program and complete by July 2026
 Remove Item 17 (BBF) and Item 18 (BBF swimming pool) which have been answered or will be answered by informational memo
 Approve the remaining staff recommendations
 Add Item 25 (proposed by Wang): an informational memo on resident vs. nonresident fee structure, justification for fees, and preferential access for residents 18 CC 12-16-2025
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 Remove the Sign Ordinance from the City Work Program
 Separate the Retrofit of City Hall and Annex/EOC in the City Work Program FRIENDLY AMENDMENT: Fruen made a friendly amendment related to Item 10, supporting a zoning change, partial parcel rezonings, and folding this effort with identifying additional Housing Element sites (Chao declined the friendly amendment and it was not included in the motion).

Moore requested an informational memo from the City Attorney’s Office to explain the laws and requirements related to Item 10, on potential shortfalls in Housing Element sites and how this may affect future zoning considerations.

MOTION: Moore moved and Fruen seconded to extend the meeting from until 11:00 p.m. The motion passed with the following vote: Ayes: Chao, Moore, Fruen, Mohan, and Wang. Noes:

None. Abstain: None. Absent: None.

Moore requested an informational memo outlining the current approval process for the artistic bike rack projects, including all Bicycle Pedestrian Commission and Parks and Recreation Commission meeting dates, as well as photos of the racks.

AMENDED MOTION: Chao moved and Wang seconded as amended to:

1. Receive first quarterly update for the FY 2025-27 City Work Program;

2. Approve the TBD list and the FY 25-27 City Work Program, as modified:

Amended TBD list (Attachment D) modifications
 Remove Items 1–4
 Add Item 10 (retail) and Item 11 (park) to the City Work Program and complete by July 2026
 Remove Item 17 (BBF) and Item 18 (BBF swimming pool) which have been answered or will be answered by informational memo
 Approve the remaining staff recommendations
 Add Item 25 (proposed by Wang): an informational memo on resident vs. nonresident fee structure, justification for fees, and preferential access for residents  Remove the Sign Ordinance from the City Work Program
 Separate the Retrofit of City Hall and Annex/EOC in the City Work Program  Add Item 20 (additional Housing Element sites) to the City Work Program, with an informational memo from the City Attorney first, and a potential study session if needed
The amended motion passed with the following vote: Ayes: Chao, Moore, Fruen, Mohan, and Wang. Noes: None. Abstain: None. Absent: None.

ADJOURNMENT
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At 10:49 p.m., Mayor Chao adjourned the Special City Council meeting.

Minutes prepared by:
_________________________
Kirsten Squarcia, City Clerk
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Agenda Item
24-13602 Agenda Date:
12/16/2025 Agenda #: 3.

Subject: Approval of December 2, 2025 City Council meeting minutes Approve the December 2, 2025 City Council meeting minutes CITY OF CUPERTINO Page 1 of 1 Printed on 12/10/2025
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DRAFT MINUTES

CUPERTINO CITY COUNCIL
Tuesday, December 2, 2025

SPECIAL MEETING
At 6:04 p.m., Mayor Chao called the Special City Council Meeting to order in the Cupertino Community Hall Council Chamber, 10350 Torre Avenue and via teleconference; Teleconference Location Pursuant to Gov. Code 54953(b)(2): Wynn Resort, 3131 Las Vegas Blvd S, Las Vegas, NV 89109.

ROLL CALL

Present: Mayor Liang Chao, Vice Mayor Kitty Moore, and Councilmembers J.R. Fruen, Sheila Mohan, and R “Ray” Wang (participated remotely). Absent: None.

ACTION CALENDAR

1. Subject: Submit comments for Draft Plan Bay Area 2050+ and the Draft EIR; Adopt a resolution authorizing the Mayor to sign and transmit the comment letter to MTC and ABAG
Recommended Action: 1. Submit comments for Draft Plan Bay Area 2050+ and the Draft EIR; and

2. Adopt Resolution No. 25-100 authorizing the submittal of a comment letter on the Draft Plan Bay Area 2050+ and the associated Draft Environmental Impact Report and authorizing the Mayor to sign and transmit the letter to the Metropolitan Transportation Commission (MTC) and the Association of Bay Area Governments (ABAG)
Written communications for this item included a presentation by Mayor Chao, comments from Vice Mayor Moore (representing self), and emails to the Council.

Mayor Liang Chao gave a presentation.

Councilmembers asked questions and made comments.
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Mayor Chao opened the public comment period and the following members of the public spoke.

Jennifer Griffin
Louise Saadati
Mayor Chao closed the public comment period.

MOTION: Chao moved and Wang seconded to:

1. Submit comments for Draft Plan Bay Area 2050+ and the Draft EIR; and

FRIENDLY AMENDMENT: Mohan made a friendly amendment to request an explanation from MTC and ABAG about the discrepancy in the numbers. Chao declined the friendly amendment, and it was not added to the motion.

FRIENDLY AMENDMENT: Chao made a friendly amendment to include, instead of just submitting to the public comment portal, also sending a letter to the MTC-ABAG committee members to request an explanation of their growth numbers (Wang and Mohan accepted the friendly amendment).

FRIENDLY AMENDMENT: Moore made a friendly amendment requesting staff factchecking of the draft letter and review of the Vice Mayor’s submitted comments (Chao and Wang accepted the friendly amendment).

AMENDED MOTION: Chao moved and Wang seconded as amended to:

1. Submit comments for Draft Plan Bay Area 2050+ and the Draft EIR;

3. Submit the comment letter through the comment portal with no changes to the draft letter, with staff fact checking and review of Vice Mayor’s submitted comments before it is delivered, and separately send the letter to MTC-ABAG leadership with a cover letter requesting an explanation of the growth numbers.

The amended motion passed with the following vote: Ayes: Chao, Moore, Mohan, and 23 CC 12-16-2025
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Wang. Noes: None. Abstain: Fruen. Absent: None.

ADJOURNMENT
At 6:48 p.m., Mayor Chao adjourned the Special City Council Meeting.

REGULAR MEETING
At 6:48 p.m., Mayor Chao called the Regular City Council Meeting to order and led the Pledge of Allegiance in the Cupertino Community Hall Council Chamber, 10350 Torre Avenue and via teleconference; Teleconference Location Pursuant to Gov. Code 54953(b)(2): Wynn Resort, 3131 Las Vegas Blvd S, Las Vegas, NV 89109.

ROLL CALL

Present: Mayor Liang Chao, Vice Mayor Kitty Moore, and Councilmembers J.R. Fruen, Sheila Mohan, and R “Ray” Wang (participated remotely). Absent: None.

CLOSED SESSION REPORT – None

CEREMONIAL ITEMS

1. Subject: Proclamation recognizing the work of the City Manager’s Office Recommended Action: Present proclamation recognizing the work of the City Manager’s Office
City Manager Tina Kapoor made comments, and the following City staff received the proclamation: Daniel Degu, Marta Drown, Jim Fine, Samantha LoCurto, Lakshmi Ramachandran, Melissa Robertson, Astrid Robles, Lauren Sapudar, Kirsten Squarcia, Serena Tu, Paulina Vu, Tina Kapoor, and Floy Andrews.

Mayor Chao presented the proclamation recognizing the work of the City Manager’s Office

2. Subject: Proclamation recognizing Dr. Darrel Lum for His Exemplary Contributions to Grassroots Democracy and Civic Engagement
Recommended Action: Present proclamation recognizing Dr. Darrel Lum for His Exemplary Contributions to Grassroots Democracy and Civic Engagement Written communications for this item included a desk item staff report and Attachment B – Revised Proclamation, and a statement from Mayor Chao. 24 CC 12-16-2025
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Cheryl Lum, the wife of Dr. Darrel Lum, received the proclamation. The following individuals joined the Council on stage for a photo: Ned Britt, Ignatius Ding, Brooke Ezzat, Rhoda Fry, Jennifer Griffin, Peggy Griffin, Tom Hugunin, Bob McKibbin, Eric Shaefer, and Lisa Warren.

Mayor Chao presented the proclamation recognizing Dr. Darrel Lum for his exemplary contributions to grassroots democracy and civic engagement.

PRESENTATIONS

3. Subject: Presentation from Solving Fun on the First Cupertino Puzzle Hunt Month-Long Event
Recommended Action: Receive presentation from Solving Fun on the First Cupertino Puzzle Hunt Month-Long Event
Written communications for this item included a presentation.

Solving Fun Co-Founders Hillary Miller and Marcy Tivol gave a presentation.

Council received the presentation from Solving Fun on the First Cupertino Puzzle Hunt Month-Long Event.

POSTPONEMENTS AND ORDERS OF THE DAY
MOTION: Chao moved and Moore seconded to postpone Item 5 to a date to be determined.

The motion passed with the following vote: Ayes: Chao, Moore, Fruen, Mohan, and Wang.

Noes: None. Abstain: None. Absent: None.

ORAL COMMUNICATIONS
Written communications for this item included emails to the Council.

The following members of the public spoke:

Michael Chang discussed Morro Bay Terrace noise and traffic.

Susan Bloomfield discussed sound barriers at Memorial Park pickleball courts.

Arif discussed noise and traffic on Morro Bay Terrace and vaping on pickleball courts.

Brook Ezzat discussed Mayor Chao’s service and Dr. Darrel Lum, and councilmember 25 CC 12-16-2025
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conduct.

Peggy Griffin discussed Mayor Chao’s service and Dr. Darrel Lum.

Rhoda Fry discussed Mayor Chao’s service and Dr. Darrel Lum, and councilmember conflict of interest.

Planning Commissioner San Rao (representing self) discussed Mayor Chao’s service.

Call-in User 1 discussed a Code Enforcement matter regarding their home.

CONSENT CALENDAR (Items 4-9)
Mayor Chao opened the public comment period and, seeing no one, closed the public comment period.

MOTION: Moore moved and Fruen seconded to approve Items 4 and 6–9 on the Consent Calendar as presented; and excluding Item 5, which was postponed. The motion passed with the following vote: Ayes: Chao, Moore, Fruen, Mohan, and Wang. Noes: None. Abstain: None.

Absent: None.

4. Subject: Approval of November 18, 2025 City Council minutes Recommended Action: Approve the November 18, 2025 City Council minutes

5. Subject: Second reading and enactment of amendments to the Municipal Code, Title 5 (Business Licenses and Regulations) to Establish Chapter 5.51 to Regulate Film Production
Recommended Action: Conduct the second reading and enact Ordinance No. 25-2279:
“An Ordinance of the City Council of the City of Cupertino Amending City Code Title 5 (Business Licenses and Regulations) to Establish Chapter 5.51 to Regulate Film Production.”
As noted under Postponements and Orders of the Day, this item was postponed to a date to be determined.

6. Subject: Declare properties as having potential fire hazards from weeds or other potential nuisances for the Cupertino Weed Abatement Program; set hearing on March 3, 2026 to declare a public nuisance and to consider objections for proposed removal Recommended Action: Adopt Resolution No. 25-101 declaring properties as having potential fire hazards from weeds or other potential nuisances (Attachment A) and set hearing on March 3, 2026 to declare a public nuisance and to consider objections for 26 CC 12-16-2025
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proposed removal

7. Subject: Receive the Monthly Treasurer's Report for October 2025 Recommended Action: Receive the Monthly Treasurer's Report for October 2025

8. Subject: Receive the Monthly Treasurer's Investment Report for October 2025 Recommended Action: Receive the Monthly Treasurer's Investment Report for October 2025

9. Subject: Establishment of New Friendship City Relationships with Xuhui District, Shanghai, People’s Republic of China and Danzhou, Hainan Province, People’s Republic of China
Recommended Action: Approve the establishment of new Friendship City relationships with:

1. Xuhui District, Shanghai, People’s Republic of China; and

2. Danzhou, Hainan Province, People’s Republic of China

PUBLIC HEARINGS

10. Subject: Amendments to the Fiscal Year (FY) 2025-26 Fee Schedule to establish a new fee for Film Permit Applications and Film Production
Recommended Action: Adopt Resolution No. 25-102 to amend the City’s Master Fee Schedule - Schedule A - to establish a new fee for Film Permit Applications and Film Production
Written communications for this item included a presentation slide.

City Attorney Floy Andrews gave a presentation.

Councilmembers asked questions and made comments.

Mayor Chao opened the public comment period and, seeing no one, closed the public comment period.

MOTION: Wang moved and Moore seconded to Adopt Resolution No. 25-102 to amend the City’s Master Fee Schedule - Schedule A - to establish a new fee for Film Permit Applications and Film Production. The motion passed with the following vote: Ayes:

Chao, Moore, Fruen, Mohan, and Wang. Noes: None. Abstain: None. Absent: None.

ACTION CALENDAR

11. Subject: OpenGov Budget Format Review Presentation and Finalize Recommendations 27 CC 12-16-2025
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Recommended Action: a. Receive Budget Format Review presentation as outlined in the Budget Format Implementation Action Plan (IAP) recommendation numbers 15, 17, 18, 19, and 30
b. Approve OpenGov budget format recommendations
Written communications for this item included a supplemental report and emails to the Council.

At 7:52 p.m., Mayor Chao recessed the meeting. The meeting reconvened at 8:02 p.m. with all Councilmembers present.

Director of Administrative Services Kristina Alfaro and Acting Budget Manager Toni Oasay-Anderson gave a presentation.

Mayor Chao opened the public comment period and, seeing no one, closed the public comment period.

Councilmembers asked questions and made comments.

MOTION: Moore moved and Fruen seconded to:

1. Receive Budget Format Review presentation as outlined in the Budget Format Implementation Action Plan (IAP) recommendation numbers 15, 17, 18, 19, and 30

2. Approve OpenGov budget format recommendations
The motion passed with the following vote: Ayes: Chao, Moore, Fruen, Mohan, and Wang. Noes: None. Abstain: None. Absent: None.

STUDY SESSION

12. Subject: Conduct Study Session on the Mary Avenue Project (“Project”), including project history, project siting, the conditional transfer of City-owned property rights, affordability restrictions, and remaining steps prior to entitlement and closing on the Project; and 2) Consider Appointing Negotiator(s) for the possible transfer of certain rights to City-owned property (APN: 326-27-053), in the form of a ground lease or a sale with the City’s future right to repurchase
Recommended Action: Consider Mary Ave. project and provide direction on next steps including appointing the City Manager and Interim City Attorney as Negotiators with the Nonprofit Public Benefit Corporations Cupertino Rotary Housing Corporation, Housing Choices Coalition for Persons with Developmental Disabilities, Inc., and Charities Housing Development Corporation of Santa Clara County (collectively, the “Developer”), regarding the possible transfer of property rights in the form of a ground lease or sale with the City’s future right to repurchase on terms established by the City Council
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Written communications for this item included a presentation, a supplemental report with staff answers to councilmember questions, and emails to the Council.

Senior Planner Gian Martire and Interim Deputy City Attorney Michelle Hernadez gave a presentation.

Councilmembers asked questions and made comments.

Mayor Chao opened the public comment period and the following members of the public spoke.

Arif
Lina Lang
Roberta Murai
Rachel Rose
Nikhil Junankar
Rehesh
Ranjan Desai
Rati
Michael
Housing Commissioner Connie Cunningham (representing self) Giam Pham, representing Housing Choices
Orrin Mahoney, representing Mary Avenue Housing Coalition Jean Bedord
Steven Quan
Andy Lief, representing Charities Housing
Nataraj
Yvonne Thorstenson
Jordan Behmke
Pamela Hershey ceded time to Jordan Behmke
Trevor Lang ceded time to Jordan Behmke
Planning Commissioner San Rao (representing self)
Richard Gallo
Jennifer Shearin
Louise Saadati
Manuel Salazar, representing Silicon Valley at Home
Planning Commissioner Seema Lindskog (representing self) Mayor Chao closed the public comment period.

MOTION: Chao moved and Moore seconded to extend the meeting until 11:00 p.m. The motion 29 CC 12-16-2025
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passed with the following vote: Ayes: Chao, Moore, Fruen, Mohan, and Wang. Noes: None.

Abstain: None. Absent: None.

MOTION: Fruen moved and Moore seconded to extend the meeting to 11:15 p.m. FRIENDLY AMENDMENT: Moore made a friendly amendment to continue the meeting in order to complete Item 12 (Fruen accepted the friendly amendment). The amended motion passed with the following vote: Ayes: Chao, Moore, Fruen, Mohan, and Wang. Noes: None. Abstain: None.

Absent: None.

This item was continued to a future City Council meeting.

ADJOURNMENT
At 11:06 p.m., Mayor Chao adjourned the Regular City Council Meeting. There was no further discussion on the remaining agenda items.

ITEMS REMOVED FROM THE CONSENT CALENDAR – None

CITY MANAGER REPORT

13. Subject: City Manager Report
City Manager Tina Kapoor reported on recent highlights and upcoming events as provided in the published agenda.

ORAL COMMUNICATIONS - CONTINUED - None

COUNCILMEMBER REPORTS

14. Subject: Councilmember Reports
Councilmembers reported on their various committees and events as provided in the published agenda.

FUTURE AGENDA ITEMS
The Council did not hear this item.

15. Subject: Upcoming Draft Agenda Items Report
A tentative council meeting agenda calendar was provided in the published agenda. 30 CC 12-16-2025
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Minutes prepared by:
_________________________
Kirsten Squarcia, City Clerk
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CITY OF CUPERTINO
Agenda Item
25-13711 Agenda Date:
12/16/2025 Agenda #: 4.

Subject: Ratifying Accounts Payable for the periods ending November 7, 2025, and November 21, 2025 A. Adopt Resolution No. 25-103 ratifying Accounts Payable for the Period ending November 7, 2025; and B. Adopt Resolution No. 25-104 ratifying Accounts Payable for the Period ending November 21, 2025 CITY OF CUPERTINO Page 1 of 1 Printed on 12/10/2025
powered by Legistar™ 32
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ADMINISTRATIVE SERVICES DEPARTMENT

CITY HALL
10300 TORRE AVENUE • CUPERTINO, CA 95014-3255
TELEPHONE: (408) 777-3220
CUPERTINO.GOV

CITY COUNCIL STAFF REPORT
Meeting: December 16, 2025
Subject
Ratifying Accounts Payable for the periods ending November 7, 2025, and November 21, 2025
Recommended Action
A. Adopt Resolution No. 25-XXX ratifying Accounts Payable for the Period ending November 7, 2025; and
B. Adopt Resolution No. 25-XXX ratifying Accounts Payable for the Period ending November 21, 2025
Discussion
Unlike the Treasurer’s Monthly Investment Reports that require regular reporting within a specific number of days, pursuant to California Government Code Section 41004 and 53607, the frequency of reporting the City’s Payment Register follows Resolution No. 5939 which provides that the report will be “presented to the City Council not less often than once a month for ratification.” As such, monthly batches of Payment Registers are presented to the City Council at the second meeting following the close of the reporting period to ensure sufficient time to present the previous month's batches within one report.

Sustainability Impact
No sustainability impact.

Fiscal Impact
No fiscal impact.

City Work Program (CWP) Item/Description
None.

Council Goal
Fiscal Strategy, Public Engagement and Transparency.

California Environmental Quality Act
Not applicable.
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_____________________________________
Prepared by: Jonathan Orozco, Finance Manager
Reviewed by: Kristina Alfaro, Director of Administrative Services and City Treasurer Approved for Submission by: Tina Kapoor, City Manager
A – Draft Resolution 11.07.25
B – AP Payment Register for the Period Ending 11.07.25
C – Draft Resolution 11.21.25
D – AP Payment Register for the Period Ending 11.21.25
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Attachment A
RESOLUTION NO. 25-XXX

A RESOLUTION OF THE CUPERTINO CITY COUNCIL

RATIFYING CERTAIN CLAIMS AND DEMANDS PAYABLE IN THE

AMOUNTS AND FROM THE FUNDS AS HEREINAFTER DESCRIBED FOR

GENERAL AND MISCELLANEOUS EXPENDITURES FOR THE PERIOD
ENDING NOVEMBER 7, 2025
WHEREAS, the Director of Administrative Services or their designated representative has certified to accuracy of the following claims and demands and to the availability of funds for payment hereof; and
WHEREAS, the said claims and demands have been audited as required by law.

NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby ratify the following claims and demands in the amounts and from the funds as hereinafter set forth in the attached Payment Register.

PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 16th day of December, 2025 by the following vote:

Vote Members of the City Council
AYES:

NOES:

ABSENT:

ABSTAIN:

SIGNED:
________
Mayor
City of Cupertino
________________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
________________________
Date
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Resolution No. 25-XXX

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CERTIFICATION
The Finance Manager hereby certifies to the accuracy of said records and to the availability of funds for payment.

CERTIFIED:

Jonathan Orozco, Finance Manager
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Main Account - Main Checking Account
Check
737531 11/07/2025 Reconciled 11/21/2025 Accounts Payable Advantage Grafix $54.56 $54.56 $0.00 Invoice Date Description Amount
49988 10/23/2025 10x Public Release Notice Recording In Progress flyers
$54.56
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$54.56
737532 11/07/2025 Reconciled 11/12/2025 Accounts Payable AT&T $11,039.72 $11,039.72 $0.00 Invoice Date Description Amount
000024191782 10/10/2025 9391051384 9/10/25-10/9/25 $1,628.84 000024214034 10/12/2025 9391023221 (408-253-9200) 9/12/25-10/11/25 $66.82 000024214036 10/12/2025 9391023223 9/12/25-10/11/25 $92.68 000024214130 10/12/2025 9391023218 (238-371-7141) 9/12/25-10/11/25 $64.04 000024214131 10/12/2025 9391023217 (237-361-8095) 9/12/25-10/11/25 $81.28 000024214132 10/12/2025 9391023218 (238-371-7141) 9/12/25-10/11/25 $65.62 000024214133 10/12/2025 9391023215 (233-281-4421) 9/12/25-10/11/25 $83.29 000024215001-0 10/12/2025 9391066758 - 4087771305 | | 10185 N STELLING RD - Secure FAX
$19.96
000024215001-1 10/12/2025 9391066758 - 4087771306 | | 10185 N STELLING RD - Sheriff
$20.15
000024215001-2 10/12/2025 9391066758 - 4087771307 | | 10185 N STELLING RD - Sheriff
$20.15
000024215001-3 10/12/2025 9391066758 - 4087771311 | | 22221 MC CLELLAN RD - Environmental
$25.22
000024215001-4 10/12/2025 9391066758 - 4087771318 | | 10555 MARY AV - Traffic Operating Ce
$36.15
000024215001-5 10/12/2025 9391066758 - 4087771331 | | 21975 SAN FERNANDO AV - BBF- Kiosk A
$20.65
000024215001-6 10/12/2025 9391066758 - 4087771340 | | 10555 MARY AV - Alarm- Service Cente
$20.30
000024215001-7 10/12/2025 9391066758 - 4087771344 | | 21251 STEVENS

CREEK BL - SEN - FAX
$20.15
000024215001-8 10/12/2025 9391066758 - 4087771345 - CH- PG&E Meter $20.30 000024215001-9 10/12/2025 9391066758 - 4087771346 | | 21111 STEVENS CREEK BL - SPORTS Cent
$20.30
000024215001-10 10/12/2025 9391066758 - 4087771348 | | 10555 MARY AV - Alarm- Service Cente
$20.31
000024215001-11 10/12/2025 9391066758 - 4087771355 | | 10555 MARY AV - Mechanic Shop FAX
$20.15
000024215001-12 10/12/2025 9391066758 - 4087773102 | | 10185 N STELLING RD - Museum/Spare
$20.15
000024215001-13 10/12/2025 9391066758 - 4087773103 | | 10185 N STELLING RD - Museum/Spare
$20.15
000024215001-14 10/12/2025 9391066758 - 4087773109 - FAX $20.15 000024215001-15 10/12/2025 9391066758 - 4087773112 | | 21111 STEVENS CREEK BL - SPORTS- Fir
$21.65
000024215001-16 10/12/2025 9391066758 - 4087773113 | | 21111 STEVENS CREEK BL - SPORTS- Fir
$20.47
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
000024215001-17 10/12/2025 9391066758 - 4087773137 | | 10185 N STELLING RD - FAX QCC
$20.15
000024215001-18 10/12/2025 9391066758 - 4087773143 | | 21975 SAN FERNANDO AV - BBF - Retrea
$21.09
000024215001-19 10/12/2025 9391066758 - 4087773145 | | 21975 SAN FERNANDO AV - BBF-Alarm Go
$20.30
000024215001-20 10/12/2025 9391066758 - 4087773156 | | 21251 STEVENS CREEK BL - SEN- FAX Wo
$20.15
000024215001-21 10/12/2025 9391066758 - 4087773164 | | 21111 STEVENS CREEK BL - Sports Fax
$20.30
000024215001-22 10/12/2025 9391066758 - 4087773168 | | 21111 STEVENS CREEK BL - Sports Cent
$20.30
000024215001-23 10/12/2025 9391066758 - 4087773254 | | 21975 SAN FERNANDO AV - BBF - Golf S
$25.22
000024215001-24 10/12/2025 9391066758 - 4087773258 | | 21975 SAN FERNANDO AV - BBF- Alarm C
$20.16
000024215001-25 10/12/2025 9391066758 - 4087773287 - Comm Hall - Alarm $20.15 000024215001-26 10/12/2025 9391066758 - 4087773288 - Comm Hall - Fire Alarm $20.65 000024215001-27 10/12/2025 9391066758 - 4087773293 - Comm Hall - Fire Alarm $20.15 000024215001-28 10/12/2025 9391066758 - 4087773302 | | 21251 STEVENS CREEK BL - SEN- Credit
$20.15
000024215001-29 10/12/2025 9391066758 - 4087773305 | | 21251 STEVENS CREEK BL - SEN- Credit
$20.15
000024215001-30 10/12/2025 9391066758 - 4087773317 - CH- Finance CC VISA $20.30 000024215001-31 10/12/2025 9391066758 - 4087773333 - CH- FAX downstairs $20.31 000024215001-32 10/12/2025 9391066758 - 4087773365 | | 21251 STEVENS

CREEK BL - RNA FAX
$20.15
000024215001-33 10/12/2025 9391066758 - 4087773369 | | 21251 STEVENS CREEK BL - SEN- Alarm
$21.47
000024215001-34 10/12/2025 9391066758 - 4087773370 | | 21251 STEVENS CREEK BL - SEN- Alarm
$20.48
000024215001-35 10/12/2025 9391066758 - 4087773372 | | 21251 STEVENS CREEK BL - Trane Modem
$20.15
000024215001-36 10/12/2025 9391066758 - 4087773387 | | 10555 MARY AV - FAX or Alarm
$20.15
000024215001-37 10/12/2025 9391066758 - 4087773388 | | 10555 MARY AV - FAX or Alarm
$20.15
000024215001-38 10/12/2025 9391066758 - 4087773399 | | 10555 MARY AV - FAX $20.36 000024215001-39 10/12/2025 9391066758 - 4087773416 | | 21251 STEVENS CREEK BL - SEN- Cr Car
$20.15
000024215001-40 10/12/2025 9391066758 - 4087773419 | | 21251 STEVENS CREEK BL - SEN- Cr Car
$20.15
000024214033-0 10/12/2025 9391023228-McClellan alarm $31.41 000024214033-1 10/12/2025 9391023228-4082558166 - Service Center Admin $31.41 000024214033-2 10/12/2025 9391023228-City Hall $4,039.71 000024214033-3 10/12/2025 9391023228-Service Center $128.93 000024214033-4 10/12/2025 9391023228-Wilson Park $31.41 000024214033-5 10/12/2025 9391023228-Street Maintenance $31.54 000024214033-6 10/12/2025 9391023228-Monte Vista - 0720858144 $524.22 000024214033-7 10/12/2025 9391023228-BBF Golf - 0720858146 $427.35 000024214033-8 10/12/2025 9391023228-BBF Park - 0720858145 $427.35 Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
000024214033-9 10/12/2025 9391023228-0720858348 - $427.35 000024214033-10 10/12/2025 9391023228-0720858349 - 10229 North Portal Avenue $427.35 000024214033-11 10/12/2025 9391023228-Teleconnect: BTN0720858350 $427.35 000024214033-12 10/12/2025 9391023228-720858352 $524.22 000024214033-13 10/12/2025 9391023228-Teleconnect: BTN0722762181 $524.22 000024214033-14 10/12/2025 9391023228-4084461114 - 10455 Miller Ave $31.41 000024214033-15 10/12/2025 9391023228-4084461126 - 19784 Wintergreen dr. $31.41 000024214033-16 10/12/2025 9391023228-4084461164 - 10299 N PORTAL AV $31.41 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$7,505.29
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$66.82
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$165.18
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$3,282.28
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$20.15
737533 11/07/2025 Reconciled 11/28/2025 Accounts Payable Beekeeper Nova $525.00 $525.00 $0.00 Invoice Date Description Amount
0247 09/16/2025 Trees/ROW- Honeybee Removal & Relocation - 10460 Madera Dr.
$525.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$525.00
737534 11/07/2025 Reconciled 11/13/2025 Accounts Payable Biggs Cardosa Associates $5,279.44 $5,279.44 $0.00 Invoice Date Description Amount
94525 10/23/2025 Stevens Creek bridge Repair Project September $5,279.44 Paying Fund Cash Account Amount
420 - Capital Improvement Fund 420 100-100 (Cash & Investments Assets Operating Cash)
$5,279.44
737535 11/07/2025 Reconciled 11/14/2025 Accounts Payable Catholic Charities of Santa Clara County
$2,500.27 $2,500.27 $0.00
Invoice Date Description Amount
Q1 JUL-SEP25 09/30/2025 Long Term Care Ombudsman Program $2,500.27 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,500.27
737536 11/07/2025 Reconciled 11/17/2025 Accounts Payable CINTAS CORP $1,335.70 $1,335.70 $0.00 Invoice Date Description Amount
4246511820 10/14/2025 Service Center- Uniforms and Safety Apparel $648.70 4247268785 10/21/2025 Service Center- Uniforms and Safety Apparel $687.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,335.70
737537 11/07/2025 Open Accounts Payable CITY OF CUPERTINO $1,159.57 Invoice Date Description Amount
83877 07/24/2025 New 85-Panel Roof Mounted PV System $1,159.57 Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
420 - Capital Improvement Fund 420 100-100 (Cash & Investments Assets Operating Cash)
$1,159.57
737538 11/07/2025 Reconciled 11/13/2025 Accounts Payable Consor PMCM, Inc $33,492.54 $33,492.54 $0.00 Invoice Date Description Amount
1 10/05/2025 2025 Slurry Seal Project $4,437.18
2 10/24/2025 2025 Slurry Seal Project $29,055.36
Paying Fund Cash Account Amount
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$33,492.54
737539 11/07/2025 Reconciled 11/26/2025 Accounts Payable County of Santa Clara -Sheriff $240.00 $240.00 $0.00 Invoice Date Description Amount
1800094210 06/16/2025 LIVE SCAN SVCS MAY25 $240.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$240.00
737540 11/07/2025 Reconciled 11/28/2025 Accounts Payable COURTESY TOW $400.00 $400.00 $0.00 Invoice Date Description Amount
170457 09/16/2025 Fleet- Wood Chipper Tow $400.00
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$400.00
737541 11/07/2025 Reconciled 11/12/2025 Accounts Payable DEPARTMENT OF JUSTICE $288.00 $288.00 $0.00 Invoice Date Description Amount
848846 10/06/2025 FINGERPRINT APPS SEP25 $288.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$288.00
737542 11/07/2025 Reconciled 11/12/2025 Accounts Payable Doolittle Construction, LLC $120,134.81 $120,134.81 $0.00 Invoice Date Description Amount
CA25SLY001 10/24/2025 Payment #1 - 2025 Slurry Seal / Fog Seal Project $120,134.81 Paying Fund Cash Account Amount
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$120,134.81
737543 11/07/2025 Reconciled 11/17/2025 Accounts Payable FINE ARTS LEAGUE OF

CUPERTINO (FALC)
$200.00 $200.00 $0.00
Invoice Date Description Amount
FALC10232025 10/23/2025 Mayor’s Choice Award Sponsorship - 2025 Fall Festival Art Show
$200.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$200.00
737544 11/07/2025 Reconciled 11/10/2025 Accounts Payable Foster Brothers Security Systems $85.48 $85.48 $0.00 Invoice Date Description Amount
10487 10/20/2025 Facilities-Cylinder Re-Key Lock, Cylinder Re-Key Parts, Cut Key
$26.37
10527 10/22/2025 Trees/ROW- Key Blanks $32.74
10528 10/22/2025 Facilities- Cut Key $9.82
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
10544 10/23/2025 Facilities- Cylinder Re-Key Parts, Cylinder Re-Key Regular Lock
$16.55
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$85.48
737545 11/07/2025 Reconciled 11/13/2025 Accounts Payable Franciscan Crab Restaurant $4,094.16 $4,094.16 $0.00 Invoice Date Description Amount
12182025 09/09/2025 Senior Trip: 12/18/25 - Savor the Season in San Francisco
$4,094.16
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,094.16
737546 11/07/2025 Reconciled 11/13/2025 Accounts Payable HOME DEPOT CREDIT SERVICES $3,246.84 $3,246.84 $0.00 Invoice Date Description Amount
9034569 09/29/2025 Trees/ROW- Michael G- Bucket, Bits, Screws $298.58 9102674 09/29/2025 Facilities- Michael C- Filler Plates, Toilet Seat $188.17 8380619 09/30/2025 Grounds- Buck T- Rotor Sprinkler $41.25 7520015 10/01/2025 Facilities- Robert G- Super Bait Roach Tray, Insect Killer Wand
$26.73
7102822 10/01/2025 Facilities- Michael C- 16" Crescent, Fuel, Box Extender, Rings
$84.07
5520449 10/03/2025 Facilities- Bart C- Tape, Brush, Drain Plunger, Drain Bladder...
$74.28
5520448 10/03/2025 Facilities- Bart C- Cordless Aluminum White Blinds $135.58 6370996 10/02/2025 Street- Dan B- Cordless Crown Stapler, Staple Gun $181.53 2010815 10/06/2025 Grounds- Paul S- C-Clamp, Drum Auger, Sink Auger $112.53 1521226 10/07/2025 Facilities- Bart C- Aluminum White Blinds $166.21 0030227 10/08/2025 Street- Tape Measure, Torpedo Level, Tarp, Lever Lock, Towels
$90.95
9624099 10/09/2025 Facilities- Bart C-Toilet Shims, Wax Extender, Wax Rings & Bolts
$21.01
9624098 10/09/2025 Facilities- Bart C- Drain Flushers, Kwik Pro Epoxy $50.27 9602216 10/09/2025 Facilities- Bart C- Titanium Film, Aluminum Blinds $229.05 6614749 10/02/2025 Trees/Row- Michael G- Base Wand, Sealer, Putty Knife, Staple...
$93.37
9030356 10/09/2025 Trees/ROW- 1lb Screw $22.90
9602234 10/09/2025 Trees/ROW- Michael G- RSS Screw, Fast Framing CBSs
$68.37
0011061 10/08/2025 Trees/ROW- Michael G- 40 Pk. Screws $93.78 5093016 10/13/2025 Facilities- Domingo S- Black Unions, Elbow, Nipples, Sealant ...
$134.45
4093116 10/14/2025 Facilities- Domingo S- Black Union Nipples $69.31 4611955 10/14/2025 Facilities- Domingo S- Ball Valve, Black Nipples. Hex Bolts
$29.20
4011772 10/14/2025 Street- Jon W- Pro Duty Tote $113.68 3512411 10/15/2025 Facilities - Domingo Flat Brush, Blades, Nipple $58.64 2604350 10/16/2025 Facilities - Domingo Elbow, Blaster, Coupling $22.29 5603453 10/13/2025 Facilities- Michael C- Instant Start Electrical Ballasts $116.39 3612081 10/15/2025 Facilities- Robert G- Compressed Air Dust & Lint Remover
$17.97
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
2625012 10/16/2025 Facilities- Bart C- Thread Tape, Valve Respirators, Great Stuff
$120.82
4603673 10/14/2025 Facilities- Travis W- Magnetic Flashlight, Slayer Max Flashlight
$262.39
4603672 10/14/2025 Facilities- Travis W- Anti- Scratch Glasses, Stud Finder...
$58.37
6614750 10/02/2025 Facilities- Michael M- Buckets, Roller Covers, sash, Oil $47.02 1523090 10/17/2025 Facilities- Travis W- Flat-Head Self-Drilling Screw, Adapter
$26.17
5012721 10/23/2025 Grounds- Paul S- Dual Power Flashlight $60.12 5514515 10/23/2025 Facilities- Michael C- 8Pk White LED Light Bulbs $17.48 5020490 10/23/2025 Grounds- Roberto M- Tubes for Concrete, Rebar $63.80 4603784 10/14/2025 Facilities- Travis W- Heavy Duty Rubber Hose $36.07 4606633 10/24/2025 Facilities- Robert G- Bucket, Cord, Modular, Handy Box, Strap...
$78.72
1610231 10/07/2025 Facilities- Bart C- Twintube LED Light, Quadtube LED Light
$43.66
9183940 10/09/2025 Trees/ROW- Michael G- Credit for Inv#663506071302 ($37.13) 1194453 10/07/2025 Facilities- Bart C- Credit for Aluminum BLinds ($135.58) 1626544 10/27/2025 Facilities- Michael C- White LED 8PK Bulbs, 90/120/150W Light
$39.33
2203427 10/16/2025 Facilities- Domingo S- Credit for Inv#663506109359 ($44.35) 0012083 10/18/2025 Street- Jerry A- Lumbar, Bell Elbows, Adapters $30.22 1164339 10/17/2025 Street- Jerry A- Bucket, Elbows, Coupling, Conduit, Connectors..
$39.17
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,842.71
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$181.53
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$204.63
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$17.97
737547 11/07/2025 Reconciled 11/10/2025 Accounts Payable HUICHEN LIN $2,141.30 $2,141.30 $0.00 Invoice Date Description Amount
103125 10/31/2025 September-October 2025 Classes $2,141.30 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,141.30
737548 11/07/2025 Open Accounts Payable LAUREN SAPUDAR $55.00 Invoice Date Description Amount
LaurenS101425 10/14/2025 Cell Phone Reimbursement for Oct 15-Nov 14, 2025 for Lauren S
$55.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$55.00
737549 11/07/2025 Reconciled 11/21/2025 Accounts Payable Lisa Molaro $14,676.60 $14,676.60 $0.00 Invoice Date Description Amount
LMFall2025-1 10/31/2025 Lisa Molaro Fall 2025-1 Contractor Payment $14,676.60 Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$14,676.60
737550 11/07/2025 Reconciled 11/13/2025 Accounts Payable MAITRI INC $5,925.96 $5,925.96 $0.00 Invoice Date Description Amount
1 10/16/2025 Cupertino GF Expense Report $5,925.96
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$5,925.96
737551 11/07/2025 Reconciled 11/17/2025 Accounts Payable Max's Opera Cafe $1,558.00 $1,558.00 $0.00 Invoice Date Description Amount
111225 10/31/2025 Senior Trip: 11/12/25 - Stereophonic $1,558.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,558.00
737552 11/07/2025 Reconciled 11/12/2025 Accounts Payable Michele Westlaken $302.40 $302.40 $0.00 Invoice Date Description Amount
103025 10/30/2025 September-October 2025 Classes $302.40 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$302.40
737553 11/07/2025 Reconciled 11/10/2025 Accounts Payable MING FEN LEE $805.00 $805.00 $0.00 Invoice Date Description Amount
103025 10/30/2025 September-October 2025 Classes $805.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$805.00
737554 11/07/2025 Reconciled 11/12/2025 Accounts Payable Mood Media $44.79 $44.79 $0.00 Invoice Date Description Amount
59203658 11/01/2025 MOOD MEDIA Recurring Services from 01-NOV-25 to 30-NOV-25
$44.79
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$44.79
737555 11/07/2025 Reconciled 11/10/2025 Accounts Payable Mountain View Garden Center $640.60 $640.60 $0.00 Invoice Date Description Amount
118632 10/15/2025 Grounds- D-Comp $300.86
118677 10/24/2025 Grounds- Top Soil, Planter Mix $157.09 118697 10/27/2025 Grounds- Topsoil $182.65
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$640.60
737556 11/07/2025 Reconciled 11/12/2025 Accounts Payable MULTIQUIP, INC. $9,389.54 $9,389.54 $0.00 Invoice Date Description Amount
94385041 10/17/2025 Facilities- Water Trailer,Coupler,Hose Reel $9,389.54 Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$9,389.54
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
737557 11/07/2025 Reconciled 11/12/2025 Accounts Payable Napa Auto Parts $1,547.08 $1,547.08 $0.00 Invoice Date Description Amount
757092 10/13/2025 Fleet- Battery, Core Deposit $1,215.46 757586 10/20/2025 Fleet- Credit for Inv#757092 (6 Core Deposits) ($162.00) 757685 10/21/2025 Fleet- 1-Sensor Bulk 20 Pack $493.62
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$1,547.08
737558 11/07/2025 Reconciled 11/13/2025 Accounts Payable Newman Signs, Inc. $951.00 $951.00 $0.00 Invoice Date Description Amount
TRFINV063260 09/23/2025 Street- Post, Horizontal Rectangle $951.00 Paying Fund Cash Account Amount
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$951.00
737559 11/07/2025 Reconciled 11/14/2025 Accounts Payable O'Reilly Auto Parts $18.64 $18.64 $0.00 Invoice Date Description Amount
2591-473695 10/20/2025 Fleet- Filter $18.64
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$18.64
737560 11/07/2025 Reconciled 11/12/2025 Accounts Payable Occupational Health Centers of California, A Medi
$40.00 $40.00 $0.00
Invoice Date Description Amount
88600099 10/15/2025 TB Test XRay $40.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$40.00
737561 11/07/2025 Reconciled 11/24/2025 Accounts Payable Operating Engineers Local Union No. 3 $1,357.02 $1,357.02 $0.00
Invoice Date Description Amount
10312025 10/31/2025 Union Dues pp 10/18/25-10/31/25 $1,357.02 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,357.02
737562 11/07/2025 Reconciled 11/12/2025 Accounts Payable PAUL SAPUDAR $234.50 $234.50 $0.00 Invoice Date Description Amount
PaulS101425 10/14/2025 Grounds - Travel Reimbursement Paul S City Works Conf 2025
$234.50
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$234.50
737563 11/07/2025 Reconciled 11/17/2025 Accounts Payable Pineapple Thai $3,500.45 $3,500.45 $0.00 Invoice Date Description Amount
123001 10/29/2025 Catering - 2025 CREST/Community Service Awards/70th Anniversary
$3,500.45
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,500.45
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
737564 11/07/2025 Reconciled 11/12/2025 Accounts Payable Regents of the University of California $421.08 $421.08 $0.00 Invoice Date Description Amount
IN00417710 09/17/2025 California Subdivision Map Act inserts $421.08 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$421.08
737565 11/07/2025 Reconciled 11/10/2025 Accounts Payable Royal Coach Tours $1,418.00 $1,418.00 $0.00 Invoice Date Description Amount
34460 10/30/2025 Charter 36828: 10/30/25 - Jeeps and Jelly Beans Trip $1,418.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,418.00
737566 11/07/2025 Open Accounts Payable Rupa Narayanan $450.80 Invoice Date Description Amount
103025 10/30/2025 September-October 2025 Classes $450.80 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$450.80
737567 11/07/2025 Open Accounts Payable Safe Moves $2,250.00 Invoice Date Description Amount
92725 09/24/2025 2025 Fall Bike Fest $2,250.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,250.00
737568 11/07/2025 Reconciled 11/14/2025 Accounts Payable San Jose Water Company $790.74 $790.74 $0.00 Invoice Date Description Amount
7329-10222025 10/22/2025 0645365732-9 Streets Division 9.19.25 to 10.21.25 $790.74 Paying Fund Cash Account Amount
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$790.74
737569 11/07/2025 Reconciled 11/12/2025 Accounts Payable Sierra Pacific Turf Supply, Inc. $4,365.08 $4,365.08 $0.00 Invoice Date Description Amount
01045044 10/27/2025 Grounds- 80/20 SIERRA SUPREME/MAZAMA $4,365.08 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,365.08
737570 11/07/2025 Reconciled 11/12/2025 Accounts Payable Sue and Kathy Line Dance $3,820.60 $3,820.60 $0.00 Invoice Date Description Amount
103025 10/30/2025 September-October 2025 Classes $3,820.60 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,820.60
737571 11/07/2025 Reconciled 11/25/2025 Accounts Payable Tanner Consulting Group, LLC $5,900.00 $5,900.00 $0.00 Invoice Date Description Amount
180827 10/08/2025 Wilson Park Baseball Field Trajectory Study $5,900.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$5,900.00
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
737572 11/07/2025 Reconciled 11/12/2025 Accounts Payable The Beach Chalet L.P. $1,710.28 $1,710.28 $0.00 Invoice Date Description Amount
30477995 09/11/2025 Senior Trip: 1/21/26 - Manet and Morisot: Pioneers of Impression
$1,710.28
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,710.28
737573 11/07/2025 Reconciled 11/12/2025 Accounts Payable The Sherwin-Williams Co $75.38 $75.38 $0.00 Invoice Date Description Amount
5496-5 10/22/2025 Facilities- Paint Samples $75.38
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$75.38
737574 11/07/2025 Reconciled 11/12/2025 Accounts Payable Vanessa Guerra $231.77 $231.77 $0.00 Invoice Date Description Amount
Diwali25 11/04/2025 Reimbursement Diwali Expenses $231.77 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$231.77
737575 11/07/2025 Reconciled 11/12/2025 Accounts Payable VERIZON WIRELESS $5,862.44 $5,862.44 $0.00 Invoice Date Description Amount
6125173351-0 10/04/2025 Aaron Saiz $38.01
6125173351-1 10/04/2025 Diego Rodriguez $46.98
6125173351-2 10/04/2025 Brandon Martinez $38.01
6125173351-3 10/04/2025 Bart Cortez $38.01
6125173351-4 10/04/2025 Street Lights $38.01
6125173351-5 10/04/2025 Quinton Adams $46.98
6125173351-6 10/04/2025 Fleet/Mechanic Shop $38.01
6125173351-7 10/04/2025 Adrian Sanchez $38.01
6125173351-8 10/04/2025 Building Attendants Quinlan $46.98 6125173351-9 10/04/2025 Piu Ghosh $46.98
6125173351-10 10/04/2025 Ursula Syrova $46.98
6125173351-11 10/04/2025 Paul Tognetti $38.01
6125173351-12 10/04/2025 Kristina Alfaro $46.98
6125173351-13 10/04/2025 Paul Sapudar $38.01
6125173351-14 10/04/2025 Antonio Torrez $46.98
6125173351-15 10/04/2025 Roberto Montez $38.01
6125173351-16 10/04/2025 Toan Quach $46.98
6125173351-17 10/04/2025 April Darosa $46.98
6125173351-18 10/04/2025 Jared Lopez $38.01
6125173351-19 10/04/2025 Street Tree Maintenance #4 $38.01 6125173351-20 10/04/2025 Aaron Saiz $38.01
6125173351-21 10/04/2025 Victor Espinoza $38.01
6125173351-22 10/04/2025 Andrew Schmitt $41.98
6125173351-23 10/04/2025 Shawn Tognetti $46.98
6125173351-24 10/04/2025 Phuong Devries $46.98
6125173351-25 10/04/2025 Jonathan Ferrante $46.98
6125173351-26 10/04/2025 Rachelle Sander Mifi $38.01
6125173351-27 10/04/2025 Brian Gathers $38.01
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
6125173351-28 10/04/2025 Michael Woo $46.98
6125173351-29 10/04/2025 Aldo Corral $38.01
6125173351-30 10/04/2025 Pamela Wu $43.95
6125173351-31 10/04/2025 Diego Rodriguez $38.01
6125173351-32 10/04/2025 Michael Kimball $38.01
6125173351-33 10/04/2025 Sean Hatch $46.98
6125173351-34 10/04/2025 Blackberry Golf $38.01
6125173351-35 10/04/2025 Chad Mosley $38.01
6125173351-36 10/04/2025 Sonya Lee $46.98
6125173351-37 10/04/2025 Andy Badal $38.01
6125173351-38 10/04/2025 Frank Villa $38.01
6125173351-39 10/04/2025 Ty Bloomquist $38.01
6125173351-40 10/04/2025 Manuel Barragan $55.64
6125173351-41 10/04/2025 James Lee $46.98
6125173351-42 10/04/2025 Shawn Tognetti $38.01
6125173351-43 10/04/2025 On-Call Service Center $41.01
6125173351-44 10/04/2025 Jonathan Ferrante $38.01
6125173351-45 10/04/2025 Kevin Riedan $38.01
6125173351-46 10/04/2025 Michael Garcia $38.01
6125173351-47 10/04/2025 Frank Villa $46.98
6125173351-48 10/04/2025 Marta Drown $46.98
6125173351-49 10/04/2025 Sean Filbeck $38.01
6125173351-50 10/04/2025 Nicole Rodriguez $38.01
6125173351-51 10/04/2025 Susan Michael $46.98
6125173351-52 10/04/2025 Jo Nguyen $41.98
6125173351-53 10/04/2025 Vanessa Guerra $46.98
6125173351-54 10/04/2025 Jimmy Tan $46.98
6125173351-55 10/04/2025 Luke Connolly $46.98
6125173351-56 10/04/2025 Rodney Weathers $46.98
6125173351-57 10/04/2025 Junnie Hemann $38.01
6125173351-58 10/04/2025 Bart Cortez $41.98
6125173351-59 10/04/2025 Janet Liang $46.98
6125173351-60 10/04/2025 Jerry Anderson $38.01
6125173351-61 10/04/2025 Quinton Mifi 1 $38.01
6125173351-62 10/04/2025 Andrew Schmitt Mifi 2 $38.01
6125173351-63 10/04/2025 Anthony Leung $38.01
6125173351-64 10/04/2025 Amanda Hui $46.98
6125173351-65 10/04/2025 Brian Policriti $38.01
6125173351-66 10/04/2025 Branden Puorro $38.01
6125173351-67 10/04/2025 Ralph Aquinaga $38.01
6125173351-68 10/04/2025 Domingo Santos $38.01
6125173351-69 10/04/2025 Paul Tognetti $46.98
6125173351-70 10/04/2025 Nathan Vasquez $46.98
6125173351-71 10/04/2025 Fernando Jimenez $38.01
6125173351-72 10/04/2025 Adrian Melendez $38.01
6125173351-73 10/04/2025 Monica Diaz $46.98
6125173351-74 10/04/2025 Danielle Carriendo $46.98
6125173351-75 10/04/2025 Kevin Green $38.01
6125173351-76 10/04/2025 Riley Moffatt $46.98
6125173351-77 10/04/2025 Kevin Greene $38.01
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
6125173351-78 10/04/2025 Jonathan Williams $38.01
6125173351-79 10/04/2025 Frankie De Leon $38.01
6125173351-80 10/04/2025 John Ramos $38.01
6125173351-81 10/04/2025 Peter Arnst $38.01
6125173351-82 10/04/2025 Benjamin Fu $46.98
6125173351-83 10/04/2025 Lori Baumgartner $46.98
6125173351-84 10/04/2025 Josh Illnicki $38.01
6125173351-85 10/04/2025 Gina Zendejas $38.01
6125173351-86 10/04/2025 Saul Herrara $38.01
6125173351-87 10/04/2025 Domingo Santos $46.98
6125173351-88 10/04/2025 Richard Banda $38.01
6125173351-89 10/04/2025 Patrick Nemah $41.98
6125173351-90 10/04/2025 Steven Hirsch $38.01
6125173351-91 10/04/2025 Michael Miranda $46.98
6125173351-92 10/04/2025 Tree Crew Ipad 3 $38.01
6125173351-93 10/04/2025 Samantha Locurto $47.27
6125173351-94 10/04/2025 Ray Wang $41.98
6125173351-95 10/04/2025 Jose Torres $46.98
6125173351-96 10/04/2025 Ron Bullock $41.98
6125173351-97 10/04/2025 Bill Bridge $38.01
6125173351-98 10/04/2025 Brad Alexander $38.01
6125173351-99 10/04/2025 John Stiehr $38.01
6125173351-100 10/04/2025 Jose Ramirez $38.01
6125173351-101 10/04/2025 Jessica Javier $46.98
6125173351-102 10/04/2025 Jonathan Orozco $46.98
6125173351-103 10/04/2025 Pete Coglianese $46.98
6125173351-104 10/04/2025 Torin Scott $46.98
6125173351-105 10/04/2025 Michelle Martin $46.98
6125173351-106 10/04/2025 Robert Griffiths $46.98
6125173351-107 10/04/2025 T. Internet Emergncyvan $38.01 6125173351-108 10/04/2025 Amanda Hui Travel Phone $46.98 6125173351-109 10/04/2025 Ricardo Alvarez $38.01
6125173351-110 10/04/2025 Larry Lopez $38.01
6125173351-111 10/04/2025 Park Ranger Corridor $46.98
6125173351-112 10/04/2025 Rachelle Sander $46.98
6125173351-113 10/04/2025 Karan Malhi $46.98
6125173351-114 10/04/2025 Serena Tu $46.98
6125173351-115 10/04/2025 Christopher Bottel $38.01
6125173351-116 10/04/2025 Michael Chandler $46.98
6125173351-117 10/04/2025 Kirsten Squarcia $46.98
6125173351-118 10/04/2025 Daniel Barone $38.01
6125173351-119 10/04/2025 Liang Chao $46.98
6125173351-120 10/04/2025 Kitty Moore $46.98
6125173351-121 10/04/2025 Tommy Yu $46.98
6125173351-122 10/04/2025 Nathan Vasquez $38.01
6125173351-123 10/04/2025 Michael Chandler $38.01
6125173351-124 10/04/2025 Robert Griffiths $38.01
6125173351-125 10/04/2025 Michael Miranda $38.01
6125173351-126 10/04/2025 Anthony Leung $46.98
6125173351-127 10/04/2025 Alex Greer $46.98
Wednesday, December 10,
2025
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48 of 2165
Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
6125173351-128 10/04/2025 Rodney Weathers $38.01
6125173351-129 10/04/2025 Jasmin Lu $38.01
6125173351-130 10/04/2025 James Lee $38.01
6125173351-131 10/04/2025 Ricardo Alvarez $41.98
6125173351-132 10/04/2025 Irvin Velazquez $34.21
6125173351-133 10/04/2025 Kimberly Vo $41.98
6125173351-134 10/04/2025 Daniel Degu $46.98
6125173351-135 10/04/2025 Tina Kapoor $46.98
6125173351-136 10/04/2025 Jr Fruen $46.98
6125173351-137 10/04/2025 Sheila Mohan $46.98
6125173351-138 10/04/2025 Daniel Barone $41.98
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,662.82
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$135.63
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$342.09
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$216.96
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$38.01
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$38.01
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$352.90
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$76.02
737576 11/07/2025 Reconciled 11/12/2025 Accounts Payable Vi Tran $164.71 $164.71 $0.00 Invoice Date Description Amount
VT101225 10/12/2025 Travel Reimbursement 2025 CALPERS $164.71 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$164.71
737577 11/07/2025 Reconciled 11/10/2025 Accounts Payable WILBUR-ELLIS COMPANY LLC $26,494.36 $26,494.36 $0.00 Invoice Date Description Amount
17525937 10/20/2025 Trees/ROW- Woolly Aphid applications 2026 $28,082.36 17464846 09/08/2025 Trees/ROW- Credit for Inv#17525937 ($1,588.00) Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$26,494.36
737578 11/07/2025 Reconciled 11/13/2025 Accounts Payable WRA, Inc. $6,054.86 $6,054.86 $0.00 Invoice Date Description Amount
28252-1-58292 09/26/2025 McClellan Ranch West Parking through 08232025- 09262025
$6,054.86
Paying Fund Cash Account Amount
420 - Capital Improvement Fund 420 100-100 (Cash & Investments Assets Operating Cash)
$6,054.86
Wednesday, December 10,
2025
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49 of 2165
Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
737579 11/07/2025 Reconciled 11/18/2025 Accounts Payable California Municipal Statistics, Inc. $600.00 $600.00 $0.00 Invoice Date Description Amount
CMS101725 10/17/2025 Direct and Overlapping Debt Statement as of 6/30/25 $600.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$600.00
737580 11/07/2025 Reconciled 11/24/2025 Accounts Payable Carolyn McDowell $39.00 $39.00 $0.00 Invoice Date Description Amount
Carolyn10302025 10/30/2025 Live Scan and Fingerprinting Reimbursement $39.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$39.00
737581 11/07/2025 Reconciled 11/10/2025 Accounts Payable GERRETSON, ADRIAN $67.00 $67.00 $0.00 Invoice Date Description Amount
Garretson102125 10/21/2025 Reimbursement $67.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$67.00
737582 11/07/2025 Open Accounts Payable Grisha Etkin $150.00 Invoice Date Description Amount
2010772.030 11/03/2025 Wilson Park - Garden Bed Security Deposit $150.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$150.00
737583 11/07/2025 Reconciled 11/12/2025 Accounts Payable KHALED ALSAKA $385.64 $385.64 $0.00 Invoice Date Description Amount
365138 09/12/2025 REFUND 7595 DE FOE DR BLD-2025-2194

WITHDRAWN
$385.64
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$385.64
737584 11/07/2025 Reconciled 11/13/2025 Accounts Payable Manchikanti, Kalyan $7,000.00 $7,000.00 $0.00 Invoice Date Description Amount
336611 10/14/2025 10394 Glenview Ave. Encroachment, 336611 $7,000.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$7,000.00
737585 11/07/2025 Open Accounts Payable NCL - Orchard Valley Chapter $500.00 Invoice Date Description Amount
2010764.030 10/30/2025 QCC - 10.21.25 - Cupertino Room Reservation Refund $500.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$500.00
737586 11/07/2025 Reconciled 11/18/2025 Accounts Payable OSCAR TORRES $190.00 $190.00 $0.00 Invoice Date Description Amount
366048 10/21/2025 REFUND 10205 BRET AVE BLD-2025-2423

OVERCHARGED
$190.00
Paying Fund Cash Account Amount
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$190.00
737587 11/07/2025 Reconciled 11/12/2025 Accounts Payable Patricia Barragan $1,000.00 $1,000.00 $0.00 Invoice Date Description Amount
PB04 11/05/2025 ASD Nov25 Retreat/Teambuilding $1,000.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,000.00
737588 11/07/2025 Open Accounts Payable PEGGY BODENE $24.00 Invoice Date Description Amount
2010770.030 10/31/2025 QCC class -customer request transfer to 30541. $24.00 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$24.00
737589 11/07/2025 Open Accounts Payable Quest in Labyrinth Corp $500.00 Invoice Date Description Amount
2003271.032 11/04/2025 R242053 Community Hall Oct. 29, 2025 Rental Deposit Refund
$500.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$500.00
737590 11/07/2025 Reconciled 11/12/2025 Accounts Payable Ravi Devikoppaeshwarappa $300.00 $300.00 $0.00 Invoice Date Description Amount
2003262.032 10/29/2025 R241069 Arts and Crafts Room October 17, 2025 Deposit Refund
$300.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$300.00
737591 11/07/2025 Reconciled 11/28/2025 Accounts Payable RICHIED, KEN $138.00 $138.00 $0.00 Invoice Date Description Amount
2005586.012 10/16/2025 SPORTS CENTER REFUND FROM ACCOUNT (10 16 2025)
$138.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$138.00
737592 11/07/2025 Reconciled 11/10/2025 Accounts Payable SUN EAST CONSTRUCTION $10,000.00 $10,000.00 $0.00 Invoice Date Description Amount
363711 10/22/2025 REFUND 19409 STEVENS CREEK BLD-2024-1202

TCO BOND
$10,000.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$10,000.00
737593 11/07/2025 Reconciled 11/13/2025 Accounts Payable Wendy, Su $21,000.00 $21,000.00 $0.00 Invoice Date Description Amount
328589 10/14/2025 10495 Beardon Dr. Encroachment, 328589 $21,000.00 Paying Fund Cash Account Amount
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$21,000.00
737594 11/07/2025 Reconciled 11/26/2025 Accounts Payable YU, ROY $610.00 $610.00 $0.00 Invoice Date Description Amount
2005584.012 10/16/2025 SPORTS CENTER REFUND FROM ACCOUNT (10 16 2025)
$610.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$610.00
737595 11/07/2025 Open Accounts Payable ZHANG, SERENA $132.00 Invoice Date Description Amount
2005585.012 10/16/2025 SPORTS CENTER REFUND FROM ACCOUNT (10 16 2025)
$132.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$132.00
737596 11/07/2025 Reconciled 11/12/2025 Accounts Payable Doggie Walk Bags, Inc. $3,721.88 $3,721.88 $0.00 Invoice Date Description Amount
788097 10/22/2025 Grounds - Green Unscented Disp Bags $3,721.88 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,721.88
737597 11/07/2025 Reconciled 11/12/2025 Accounts Payable Air Applied Mulch LLC $36,872.94 $36,872.94 $0.00 Invoice Date Description Amount
T1-11211 10/15/2025 Grounds- Installation and Cleanup of Engineered Wood Fiber
$36,872.94
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$36,872.94
737598 11/07/2025 Open Accounts Payable Be Natural Music Inc. $400.00 Invoice Date Description Amount
3624 03/25/2025 2025 Earth and Arbor Festival Performance $400.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$400.00
737599 11/07/2025 Reconciled 11/20/2025 Accounts Payable California State Park $329.00 $329.00 $0.00 Invoice Date Description Amount
11062025 05/08/2025 Senior Trip: 11/6/25 - Historic San Juan Bautista $329.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$329.00
737600 11/07/2025 Reconciled 11/14/2025 Accounts Payable RPM EXTERMINATORS INC $1,650.00 $1,650.00 $0.00 Invoice Date Description Amount
0117928 06/13/2025 FY 24-25 Facilities - Service Center Roaches $375.00 0117367 06/26/2025 FY 24-25 Facilities - Change Bait June 2025 $1,275.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,395.00
Wednesday, December 10,
2025
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CC 12-16-2025
52 of 2165
Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$255.00
737601 11/07/2025 Open Accounts Payable Silicon Valley Young Scholars $500.00 Invoice Date Description Amount
2002994.032 06/09/2025 R211741 June 7 2025 CH Rental Deposit Refund $500.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$500.00
737602 11/07/2025 Open Accounts Payable Venugopal Vasudevan $500.00 Invoice Date Description Amount
2010524.030 07/10/2025 QCC- 6.29.25- Cupertino Room Security Deposit Refund
$500.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$500.00
Type Check Totals: 72 Transactions $373,883.53 $367,262.16 $0.00 EFT
43630 10/27/2025 Reconciled 10/27/2025 Accounts Payable EMPLOYMENT DEVEL DEPT $48,552.47 $48,552.47 $0.00 Invoice Date Description Amount
10172025 10/17/2025 CA State Tax pp 10/4/25-10/17/25 $48,552.47 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$48,552.47
43631 10/27/2025 Reconciled 10/27/2025 Accounts Payable IRS $155,947.00 $155,947.00 $0.00 Invoice Date Description Amount
10172025 10/17/2025 Federal Tax pp 10/4/25-10/17/25 $155,947.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$155,947.00
43632 10/30/2025 Reconciled 10/31/2025 Accounts Payable P E R S $547.48 $547.48 $0.00 Invoice Date Description Amount
10012025 10/17/2025 PERS Council pp 10/1/25-10/31/25 $547.48 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$547.48
43633 10/30/2025 Reconciled 10/31/2025 Accounts Payable P E R S $191,536.77 $191,536.77 $0.00 Invoice Date Description Amount
10172025 10/17/2025 PERS pp 10/4/25-10/17/25 $191,536.77 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$191,536.77
43634 10/30/2025 Reconciled 10/31/2025 Accounts Payable California Department of Tax & Fee Administration
$697.00 $697.00 $0.00
Invoice Date Description Amount
QTR3-2025 10/27/2025 SR GH 026-818149 Sales/Use Tax JULY25-SEP25 $697.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$87.90
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$609.10
43635 11/06/2025 Reconciled 11/06/2025 Accounts Payable California Public Employees' Retirement System
$480,415.97 $480,415.97 $0.00
Invoice Date Description Amount
7158-101425 10/14/2025 Health Premiums $480,415.97
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$330,594.87
642 - Retiree Medical 642 100-100 (Cash & Investments Assets Operating Cash)
$149,821.10
43636 11/03/2025 Reconciled 11/03/2025 Accounts Payable SQUARE, INC. $70.00 $70.00 $0.00 Invoice Date Description Amount
SQUARE110325 11/05/2025 SQUARE Team Plus $70.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$70.00
43637 11/07/2025 Reconciled 11/12/2025 Accounts Payable Colonial Life & Accident Insurance $29.16 $29.16 $0.00 Invoice Date Description Amount
10312025 10/31/2025 Colonial Products pp 10/18/25-10/31/25 $29.16 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$29.16
43638 11/07/2025 Reconciled 11/07/2025 Accounts Payable Employment Development $11,906.19 $11,906.19 $0.00 Invoice Date Description Amount
10312025 10/31/2025 State Disability Insurance pp 10/18/25-10/31/25 $11,906.19 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$11,906.19
43639 11/07/2025 Reconciled 11/07/2025 Accounts Payable National Deferred (ROTH) $1,690.00 $1,690.00 $0.00 Invoice Date Description Amount
10312025 10/31/2025 Nationwide Roth pp 10/18/25-10/31/25 $1,690.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,690.00
43640 11/07/2025 Reconciled 11/07/2025 Accounts Payable National Deferred Compensation $22,319.94 $22,319.94 $0.00 Invoice Date Description Amount
10312025 10/31/2025 Nationwide Deferred Compensation pp 10/18/25- 10/31/25
$22,319.94
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$22,319.94
43641 11/07/2025 Reconciled 11/10/2025 Accounts Payable PERS-457K $16,974.05 $16,974.05 $0.00 Invoice Date Description Amount
10312025 10/31/2025 PERS 457K pp 10/18/25-10/31/25 $16,974.05 Paying Fund Cash Account Amount
Wednesday, December 10,
2025
user: Vi Tran Pages: 18 of 32 54
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54 of 2165
Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$16,974.05
43642 11/07/2025 Reconciled 11/07/2025 Accounts Payable State Disbursement Unit $603.49 $603.49 $0.00 Invoice Date Description Amount
10312025 10/31/2025 Child Support pp 10/18/25-10/31/25 $603.49 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$603.49
43643 10/31/2025 Reconciled 10/31/2025 Accounts Payable USPS - EFT ONLY $4,733.82 $4,733.82 $0.00 Invoice Date Description Amount
786487782 11/06/2025 Shipping - Parks and Rec $4,733.82 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,733.82
43644 11/07/2025 Reconciled 11/07/2025 Accounts Payable 4LEAF, Inc. $175.00 $175.00 $0.00 Invoice Date Description Amount
J4317G 09/30/2025 Photovoltaic Systems Design & Installation thru 090125-093025
$175.00
Paying Fund Cash Account Amount
420 - Capital Improvement Fund 420 100-100 (Cash & Investments Assets Operating Cash)
$175.00
43645 11/07/2025 Reconciled 11/07/2025 Accounts Payable ABAG POWER- ASSOCIATION OF

BAY AREA GOVERNMENTS
$2,009.48 $2,009.48 $0.00
Invoice Date Description Amount
AR040375 11/05/2025 FY 25 AMD Level Charge-Nat Gas $2,009.48 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,808.85
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$200.63
43646 11/07/2025 Reconciled 11/07/2025 Accounts Payable All City Management Services, Inc. $21,330.17 $21,330.17 $0.00 Invoice Date Description Amount
104103 10/15/2025 School Crossing Guard Services 09282025-10112025 $21,330.17 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$21,330.17
43647 11/07/2025 Reconciled 11/07/2025 Accounts Payable Amazon Capital Services $2,822.17 $2,822.17 $0.00 Invoice Date Description Amount
1V11-99DJ-NWJH 10/01/2025 City Hall PW 09 2025 Charges $848.70 1X74-FDGN-1GVC 10/01/2025 Credit for order #112-8632911-1708258 ($115.36) 1T6H-YMPD-JCFK 10/01/2025 I&T department September 2025 $2,088.83 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,740.95
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$1,081.22
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43648 11/07/2025 Reconciled 11/07/2025 Accounts Payable Amazon Web Services, Inc. $2,251.86 $2,251.86 $0.00 Invoice Date Description Amount
2365490585 11/01/2025 GIS AWS October 1 - October 31, 2025 $581.97 2370346693 11/01/2025 AWS Applications October 2025 $1,669.89 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,669.89
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$581.97
43649 11/07/2025 Reconciled 11/07/2025 Accounts Payable American Assured Security, Inc. $250.25 $250.25 $0.00 Invoice Date Description Amount
50350 10/16/2025 QCC Rental Security Services - 10/3/25 $250.25 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$250.25
43650 11/07/2025 Reconciled 11/07/2025 Accounts Payable Andy Badal $2,042.26 $2,042.26 $0.00 Invoice Date Description Amount
AndyB092225 09/22/2025 Andy 408.857.0630 Cell Reimbursement 8/23-9/22, 2025
$46.76
AndyB101725 10/17/2025 Andy Citiworks Reimbursement Oct. 14 -17, 2025 $1,995.50 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$2,042.26
43651 11/07/2025 Reconciled 11/07/2025 Accounts Payable Anna Tang-Sam $481.48 $481.48 $0.00 Invoice Date Description Amount
Calpersconf2025 10/12/2025 CalPERS Ed Forum Conference 2025 $481.48 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$481.48
43652 11/07/2025 Reconciled 11/07/2025 Accounts Payable Aquatic Central $3,000.00 $3,000.00 $0.00 Invoice Date Description Amount
100037 10/15/2025 Facilities- Library Aquarium Maint. October 2025 $3,000.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,000.00
43653 11/07/2025 Reconciled 11/07/2025 Accounts Payable Astrid Robles $937.36 $937.36 $0.00 Invoice Date Description Amount
ARobles103025 10/30/2025 2025 MMANC Conference – Travel Reimbursement for Astrid Robles
$937.36
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$937.36
43654 11/07/2025 Reconciled 11/07/2025 Accounts Payable B&H PHOTO-VIDEO $261.08 $261.08 $0.00 Invoice Date Description Amount
238213945 10/20/2025 5x GOOSNECK MIC, 2x 2-1/2" HOLLYWOOD HEAD, 4x SMALLRIG, 3x SANDI
$261.08
Paying Fund Cash Account Amount
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$261.08
43655 11/07/2025 Reconciled 11/07/2025 Accounts Payable Bear Electrical Solutions, Inc. $4,790.00 $4,790.00 $0.00 Invoice Date Description Amount
28271 10/23/2025 Street- 10280 N. Wolfe Rd. Anchor Bolt Repair $2,750.00 28272 10/23/2025 Replace cabinet at De Anza & Clarendon $2,040.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,790.00
43656 11/07/2025 Reconciled 11/07/2025 Accounts Payable BECK'S SHOES INC. $785.36 $785.36 $0.00 Invoice Date Description Amount
293843-00 10/20/2025 Safety Boots- Jared Lopez $397.26
293197-00 09/30/2025 Safety Boots Exchange- Richard Banda ($11.90) 294058-00 10/27/2025 Safety Boots- Jerry Anderson $400.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$785.36
43657 11/07/2025 Reconciled 11/07/2025 Accounts Payable Bikeep Inc. $98.00 $98.00 $0.00 Invoice Date Description Amount
18393 09/30/2025 Bikeep monthly upkeep fee $49.00
18414 10/31/2025 Bikeep monthly upkeep fee $49.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$98.00
43658 11/07/2025 Reconciled 11/07/2025 Accounts Payable Cal-Line Equipment Inc $4,157.24 $4,157.24 $0.00 Invoice Date Description Amount
04028069 10/14/2025 Fleet- Woodchipper Drum (Make: Ban Model: 18XP) $4,157.24 Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$4,157.24
43659 11/07/2025 Reconciled 11/07/2025 Accounts Payable CDW Government $1,950.00 $1,950.00 $0.00 Invoice Date Description Amount
AG6YH6K 10/29/2025 x30 Cisco duo licenses OMNIA 2024056-01 co termed thru 7/24/26
$1,950.00
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$1,950.00
43660 11/07/2025 Reconciled 11/07/2025 Accounts Payable CHAD MOSLEY $55.00 $55.00 $0.00 Invoice Date Description Amount
ChadM10202025 10/20/2025 Cell phone reimbursement through 09212025- 10202025
$55.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$55.00
43661 11/07/2025 Reconciled 11/07/2025 Accounts Payable City Data Services, LLC $1,500.00 $1,500.00 $0.00 Invoice Date Description Amount
INV-000188 10/01/2025 Q2 Oct-Dec invoice $1,500.00
Paying Fund Cash Account Amount
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
265 - BMR Housing 265 100-100 (Cash & Investments Assets Operating Cash)
$1,500.00
43662 11/07/2025 Reconciled 11/07/2025 Accounts Payable CLEARBLU ENVIRONMENTAL $662.07 $662.07 $0.00 Invoice Date Description Amount
21766 10/22/2025 Streets - October 2025 Preventative Maint. $662.07 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$662.07
43663 11/07/2025 Reconciled 11/07/2025 Accounts Payable Craig Whittom Consulting $735.00 $735.00 $0.00 Invoice Date Description Amount
00125 11/02/2025 Project Management - 2025/10 $735.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$735.00
43664 11/07/2025 Reconciled 11/07/2025 Accounts Payable CSG Consultants, Inc. $200.00 $200.00 $0.00 Invoice Date Description Amount
63084 10/06/2025 Blackberry Farm Pole Inspection (Year 5) - 083025- 092625
$200.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$200.00
43665 11/07/2025 Reconciled 11/07/2025 Accounts Payable Cupertino Supply, Inc $292.46 $292.46 $0.00 Invoice Date Description Amount
399653 10/16/2025 Facilities- 3/4 Copper Type L Pipe $229.48 400181 10/22/2025 Grounds- PVC Glue, PVC Primer $62.98
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$292.46
43666 11/07/2025 Reconciled 11/07/2025 Accounts Payable David J. Powers & Associates, Inc. $11,163.19 $11,163.19 $0.00 Invoice Date Description Amount
33007 10/21/2025 24-226 10857 LINDA VISTA DRIVE TOWNHOME

PROJECT
$11,163.19
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$11,163.19
43667 11/07/2025 Reconciled 11/07/2025 Accounts Payable David Stillman $165.00 $165.00 $0.00 Invoice Date Description Amount
DavidS08192025 08/19/2025 Cell Phone Reimbursement through 07202025- 08192025
$55.00
DavidS09192025 09/19/2025 Cell phone reimbursement through 08202025- 09192025
$55.00
DavidS10192025 10/19/2025 Cell phone reimbursement through 09202025- 10192025
$55.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$165.00
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43668 11/07/2025 Reconciled 11/07/2025 Accounts Payable Dell Marketing L.P. $19,148.41 $19,148.41 $0.00 Invoice Date Description Amount
10844573840 10/31/2025 2x Dell Pro Max 14 MA14250 NASPO C000001115143 $6,127.90 10844773235 11/01/2025 10x Dell Pro 14 PC NASPO C000001115143 CA 7-23- 70-55-01
$13,020.51
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$19,148.41
43669 11/07/2025 Reconciled 11/07/2025 Accounts Payable DLT Solutions, LLC $5,597.12 $5,597.12 $0.00 Invoice Date Description Amount
SI713968 10/21/2025 DLT for PW Autodesk, PO renewal 1/9/ -1/8 DLT for PW Autodesk,
$5,597.12
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$5,597.12
43670 11/07/2025 Reconciled 11/07/2025 Accounts Payable East Bay Tire Co. $572.68 $572.68 $0.00 Invoice Date Description Amount
2181591 10/01/2025 Fleet- Tires $572.68
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$572.68
43671 11/07/2025 Reconciled 11/07/2025 Accounts Payable Economic & Planning Systems $2,391.25 $2,391.25 $0.00 Invoice Date Description Amount
251059.1 09/30/2025 Fiscal Impact Analysis Peer Review $2,391.25 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,391.25
43672 11/07/2025 Reconciled 11/07/2025 Accounts Payable Eflex Group, Inc $3,521.51 $3,521.51 $0.00 Invoice Date Description Amount
10312025 10/31/2025 FSA pp 10/18/25-10/31/25 $3,521.51
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,521.51
43673 11/07/2025 Reconciled 11/07/2025 Accounts Payable Ewing Irrigation Products Inc. $1,814.38 $1,814.38 $0.00 Invoice Date Description Amount
27938578 10/09/2025 Grounds- Wattles, Blank Tubing, Staples, g4 SLND ASSY PEB/PGA...
$1,369.83
27983843 10/14/2025 Grounds- Wattle Straw $444.55
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,814.38
43674 11/07/2025 Reconciled 11/07/2025 Accounts Payable Fehr & Peers $11,774.26 $11,774.26 $0.00 Invoice Date Description Amount
187136 07/09/2025 Cupertino Evacuation Study $8,725.13
190033 10/14/2025 Cupertino Evacuation Study $3,049.13
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$11,774.26
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43675 11/07/2025 Reconciled 11/07/2025 Accounts Payable Ginger Chin-Hsiu Tsun $466.00 $466.00 $0.00 Invoice Date Description Amount
103125 10/31/2025 September-October 2025 Classes $466.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$466.00
43676 11/07/2025 Reconciled 11/07/2025 Accounts Payable Grace Duval $189.00 $189.00 $0.00 Invoice Date Description Amount
103125 10/31/2025 September-October 2025 Classes $189.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$189.00
43677 11/07/2025 Reconciled 11/07/2025 Accounts Payable GRAINGER INC $1,187.85 $1,187.85 $0.00 Invoice Date Description Amount
9675961149 10/15/2025 Facilities- Chrome Moen Faucet $1,187.85 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,187.85
43678 11/07/2025 Reconciled 11/07/2025 Accounts Payable Griffin Painting Inc $36,480.00 $36,480.00 $0.00 Invoice Date Description Amount
3717 10/17/2025 Facilities- Painting All Monta Vista Buildings $36,480.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$36,480.00
43679 11/07/2025 Reconciled 11/07/2025 Accounts Payable HERITAGE LANDSCAPE SUPPLY GROUP
$2,587.55 $2,587.55 $0.00
Invoice Date Description Amount
0023198410-001 10/01/2025 Grounds - W'Matic 8000 2" $129.94 0022848206-001 08/26/2025 Grounds - NIBCO F-619-RWS-SON Gate V, Slip $1,281.73 002284826-002 09/15/2025 Grounds - Slip, Gasket Kit, Nozzle, Cap, Gate V $1,294.77 0023603423-001 10/09/2025 Grounds - Credit for Invoice# 0022848206-002 ($201.34) 0023545333-001 10/09/2025 Street- PVC CAP Slip $82.45
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,505.10
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$82.45
43680 11/07/2025 Reconciled 11/07/2025 Accounts Payable Holmes US $1,710.00 $1,710.00 $0.00 Invoice Date Description Amount
0057336 09/28/2025 Senior Center Fire Alarm through 09012025-09282025 $1,710.00 Paying Fund Cash Account Amount
420 - Capital Improvement Fund 420 100-100 (Cash & Investments Assets Operating Cash)
$1,710.00
43681 11/07/2025 Reconciled 11/07/2025 Accounts Payable IFPTE LOCAL 21 $2,254.37 $2,254.37 $0.00 Invoice Date Description Amount
10312025 10/31/2025 Association Dues/Political Action Fund CEA pp 10/18/25-10/31/25
$2,254.37
Paying Fund Cash Account Amount
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,254.37
43682 11/07/2025 Reconciled 11/07/2025 Accounts Payable Innovation Controls $6,415.08 $6,415.08 $0.00 Invoice Date Description Amount
2025-088 10/17/2025 Facilities- Sports Center Lighting Controls Retrofit $6,415.08 Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$6,415.08
43683 11/07/2025 Reconciled 11/07/2025 Accounts Payable InservH2O Inc. $1,107.62 $1,107.62 $0.00 Invoice Date Description Amount
5581 10/10/2025 Facilities - McClellan Ranch Oct 2025 Water Treatment $272.82 5557 10/10/2025 Facilities - Oct 2025 Water Treatment $834.80 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,107.62
43684 11/07/2025 Reconciled 11/07/2025 Accounts Payable Insight Consulting Services LLC $299,145.25 $299,145.25 $0.00 Invoice Date Description Amount
2025Q2 11/06/2025 Insight Tax Sharing 2025Q2 $299,145.25 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$299,145.25
43685 11/07/2025 Reconciled 11/07/2025 Accounts Payable Jahara Pagadipaala $1,145.20 $1,145.20 $0.00 Invoice Date Description Amount
103125 10/31/2025 September-October 2025 Classes $1,145.20 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,145.20
43686 11/07/2025 Reconciled 11/07/2025 Accounts Payable John Casesar Casibang $126.00 $126.00 $0.00 Invoice Date Description Amount
110725 JCC 10/31/2025 November payment $126.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$126.00
43687 11/07/2025 Reconciled 11/07/2025 Accounts Payable KIMBALL-MIDWEST $1,689.80 $1,689.80 $0.00 Invoice Date Description Amount
103815814 10/07/2025 Street- Hand Reamer, Dead Blow Hammer $84.45 103815961 10/07/2025 Street-Dr. Impact Ext., Ultra Bond Single Use, Pro Knife
$73.09
103834066 10/13/2025 Fleet- Welder Gloves, K-Krimps, Split Key Ring $1,019.95 103837215 10/14/2025 Fleet- Wire K-Krimp, Coupler Assembly $512.31 Paying Fund Cash Account Amount
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$84.45
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$73.09
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$1,532.26
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43688 11/07/2025 Reconciled 11/07/2025 Accounts Payable Klarity Consulting, LLC $600.00 $600.00 $0.00 Invoice Date Description Amount
2024-048 10/10/2025 FY26 Community Hall TV Special Projects – September 2025 Svcs
$600.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$600.00
43689 11/07/2025 Reconciled 11/07/2025 Accounts Payable KMVT Community Television $3,480.00 $3,480.00 $0.00 Invoice Date Description Amount
339 10/30/2025 KMVT for Video Production support CREST, & Oct 21 & 28 Meetings
$3,480.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,480.00
43690 11/07/2025 Reconciled 11/07/2025 Accounts Payable Linda Hsu $4,300.80 $4,300.80 $0.00 Invoice Date Description Amount
103025 10/30/2025 September-October 2025 Classes $4,300.80 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,300.80
43691 11/07/2025 Reconciled 11/07/2025 Accounts Payable Mei’s Dance Academy $1,641.50 $1,641.50 $0.00 Invoice Date Description Amount
103025 10/30/2025 September-October 2025 Classes $1,641.50 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,641.50
43692 11/07/2025 Reconciled 11/07/2025 Accounts Payable MissionSquare 300292 $13,827.53 $13,827.53 $0.00 Invoice Date Description Amount
10312025 10/31/2025 ICMA pp 10/18/25-10/31/25 $13,827.53 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$13,827.53
43693 11/07/2025 Reconciled 11/07/2025 Accounts Payable NIDHI MATHUR $1,093.60 $1,093.60 $0.00 Invoice Date Description Amount
NidhiM101925 10/21/2025 Nidhi MISAC Travel Reimbursement October 19 -21, 2025
$1,093.60
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,093.60
43694 11/07/2025 Reconciled 11/07/2025 Accounts Payable Nomad Transit LLC $278,418.82 $278,418.82 $0.00 Invoice Date Description Amount
INV001-15983 10/09/2025 Via Cupertino Shuttle through September 2025 $278,418.82 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$278,418.82
43695 11/07/2025 Reconciled 11/07/2025 Accounts Payable OMEGA INDUSTRIAL SUPPLY, INC. $532.32 $532.32 $0.00 Invoice Date Description Amount
166187 10/16/2025 Street- Tombstone - Box of 24 $532.32 Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$532.32
43696 11/07/2025 Reconciled 11/07/2025 Accounts Payable PARS/City of Cupertino $4,486.55 $4,486.55 $0.00 Invoice Date Description Amount
10312025 10/31/2025 PARS pp 10/18/25-10/31/25 $4,486.55 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,486.55
43697 11/07/2025 Reconciled 11/07/2025 Accounts Payable Parts Authority, LLC $710.40 $710.40 $0.00 Invoice Date Description Amount
103-088093 07/28/2025 Fleet- Credit for Inv#114-544510 ($39.38) 103-089359 09/04/2025 Fleet- Credit for Inv#995874 ($78.76) 103-000510 09/17/2025 Fleet- Exide Batteries $383.95
6992 10/08/2025 Fleet- Exide Battery $543.03
103-089086 08/22/2025 Fleet- Credit for Inv#992360 ($19.69) 103-090774 10/17/2025 Fleet - Credit for RMA 5002281245 ($78.75) Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$710.40
43698 11/07/2025 Reconciled 11/07/2025 Accounts Payable PayPal Inc. $91.30 $91.30 $0.00 Invoice Date Description Amount
PPGW164303168 10/31/2025 VSV0003096477 cupertinoweb4 01-Oct-25 to 31-Oct25$19.95 PPGW164488723 10/31/2025 VSV0001160385 cupertinoweb2 01-Oct-25 to 31-Oct25$71.35 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$91.30
43699 11/07/2025 Reconciled 11/07/2025 Accounts Payable Phoenix MSA Holdings, LLC $1,686.73 $1,686.73 $0.00 Invoice Date Description Amount
INV-PHX1A0807 11/01/2025 FY26 Colocation Services for December 2025 $1,686.73 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$1,686.73
43700 11/07/2025 Reconciled 11/07/2025 Accounts Payable PlaceWorks $33,114.73 $33,114.73 $0.00 Invoice Date Description Amount
COCU-26.0 - 12 09/30/2025 General Plan 2040 and Zoning Code Amendments, and Subsequent EIR
$4,877.50
COCU-35.0 - 4 10/31/2025 20807-20883 Stevens Creek Blvd. CEQA Services $28,237.23 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$33,114.73
43701 11/07/2025 Reconciled 11/07/2025 Accounts Payable Professional Turf Management, Inc. $18,693.56 $18,693.56 $0.00 Invoice Date Description Amount
1305 10/27/2025 Grounds - Golf Course Monthly Maint. Fee Oct 2025 $18,693.56 Paying Fund Cash Account Amount
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$18,693.56
43702 11/07/2025 Reconciled 11/07/2025 Accounts Payable Quadient, Inc. $177.54 $177.54 $0.00 Invoice Date Description Amount
62334184 10/24/2025 Standard Label Machine Maintenance for 23-NOV-25 - 22-FEB-26
$177.54
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$177.54
43703 11/07/2025 Reconciled 11/07/2025 Accounts Payable R. Thomas Heck & Associates $16,561.00 $16,561.00 $0.00 Invoice Date Description Amount
17 10/23/2025 Cupertino Parks & Recreation Winter Brochure 2026 $16,561.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$16,561.00
43704 11/07/2025 Reconciled 11/07/2025 Accounts Payable Raychel Renee Balcioni Cruz $1,680.00 $1,680.00 $0.00 Invoice Date Description Amount
110725 RRC 10/28/2025 November payment classes and PT $1,680.00 Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$1,680.00
43705 11/07/2025 Reconciled 11/07/2025 Accounts Payable Recology South Bay $32,872.08 $32,872.08 $0.00 Invoice Date Description Amount
Jul-25 RY5 07/31/2025 City Payment to Recology Rate Year 5 (02/25-01/26)- July 2025
$32,872.08
Paying Fund Cash Account Amount
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$32,872.08
43706 11/07/2025 Reconciled 11/07/2025 Accounts Payable Red Wing Business Advantage Account
$1,486.21 $1,486.21 $0.00
Invoice Date Description Amount
20251010074592 10/10/2025 Safety Boots- Irvin Velasquez, Aaron Saiz, Peter Arnst, Paul S.
$1,486.21
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,486.21
43707 11/07/2025 Reconciled 11/07/2025 Accounts Payable Safety Compliance Management, Inc. $2,390.00 $2,390.00 $0.00 Invoice Date Description Amount
11442 10/27/2025 Forklift/Industrial Truck Training $1,195.00 11394 10/31/2025 Forklift/Industrial Truck Training $1,195.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,390.00
43708 11/07/2025 Reconciled 11/07/2025 Accounts Payable Sedgwick Claims Management Services, Inc.
$2,462.00 $2,462.00 $0.00
Invoice Date Description Amount
400000267495 11/02/2025 Worker's Compensation Claims NOV 25 $2,462.00 Paying Fund Cash Account Amount
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
620 - Workers' Compensation 620 100-100 (Cash & Investments Assets Operating Cash)
$2,462.00
43709 11/07/2025 Reconciled 11/07/2025 Accounts Payable Software One, Inc $255.25 $255.25 $0.00 Invoice Date Description Amount
US-PSI-1613977 10/24/2025 5x Win 10 Extended Security 2025 p/Dev $255.25 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$255.25
43710 11/07/2025 Reconciled 11/07/2025 Accounts Payable Sonitrol/Pacific West Security, Inc. $390.00 $390.00 $0.00 Invoice Date Description Amount
101516 10/24/2025 Facilities- Service Call for Security Panel @ Wilson Park
$195.00
101517 10/24/2025 Facilities- Service Call for Security Panel @ McClellan Ranch
$195.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$390.00
43711 11/07/2025 Reconciled 11/07/2025 Accounts Payable Staples $309.75 $309.75 $0.00 Invoice Date Description Amount
6044414506 10/03/2025 Staples Items for CMO and Council $309.75 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$309.75
43712 11/07/2025 Reconciled 11/07/2025 Accounts Payable Steven Hirsch $224.35 $224.35 $0.00 Invoice Date Description Amount
StevenH080625 08/06/2025 CRRA conference travel reimbursement 8.3.25- 8.6.25 $224.35 Paying Fund Cash Account Amount
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$224.35
43713 11/07/2025 Reconciled 11/07/2025 Accounts Payable SUNNYVALE FORD, INC. $888.13 $888.13 $0.00 Invoice Date Description Amount
263360FOW 09/16/2025 Fleet- Core Return, Battery, Core Price $210.59 264527FOW 10/07/2025 Fleet- HV Pad, HV Cover $337.24
264662FOW 10/13/2025 Fleet- HC Lamp, NP Gasket $112.17
264915FOW 10/13/2025 Fleet- HV Switch $55.99
264983FOW 10/14/2025 Fleet- HV Seal, HV Insulation, HV Bolt $93.84 265064FOW 10/15/2025 Fleet- HV Gaskets $78.30
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$888.13
43714 11/07/2025 Reconciled 11/07/2025 Accounts Payable Susan Michael $578.20 $578.20 $0.00 Invoice Date Description Amount
SusanM10272025 10/25/2025 Reimbursement for AIA Membership Renewal $578.20 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$578.20
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43715 11/07/2025 Reconciled 11/07/2025 Accounts Payable TERI GERHARDT $910.25 $910.25 $0.00 Invoice Date Description Amount
TeriG102125 10/21/2025 Teri MISAC Conference Reimbursement Oct. 19- 21,2025
$910.25
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$910.25
43716 11/07/2025 Reconciled 11/07/2025 Accounts Payable Thomson Reuters - West $874.43 $874.43 $0.00 Invoice Date Description Amount
852751246 11/01/2025 Online Subscription, October 2025 - Acct 1000489718 $874.43 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$874.43
43717 11/07/2025 Reconciled 11/07/2025 Accounts Payable TOAN QUACH $247.25 $247.25 $0.00 Invoice Date Description Amount
ToanQ102125 10/21/2025 Toan MISAC Reimbursement Oct. 19-21, 2025 $247.25 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$247.25
43718 11/07/2025 Reconciled 11/07/2025 Accounts Payable United Site Services $544.24 $544.24 $0.00 Invoice Date Description Amount
INV-5677583 10/20/2025 Trees/ROW- SWP 10/20/2025 - 11/16/2025 $544.24 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$544.24
43719 11/07/2025 Reconciled 11/07/2025 Accounts Payable URSULA SYROVA $317.06 $317.06 $0.00 Invoice Date Description Amount
UrsulaS080625 08/06/2025 CRRA conference travel reimbursement 8.3.25- 8.6.25 $317.06 Paying Fund Cash Account Amount
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$317.06
43720 11/07/2025 Reconciled 11/07/2025 Accounts Payable Victoria Morin $46.48 $46.48 $0.00 Invoice Date Description Amount
VictoriaM093025 09/30/2025 Phone reimbursement September 2025 services $46.48 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$46.48
43721 11/07/2025 Reconciled 11/07/2025 Accounts Payable West Coast Code Consultants, Inc. $53,190.60 $53,190.60 $0.00 Invoice Date Description Amount
225-07-156-01 08/12/2025 Building Plan Review Services - 2025/7 $46,152.10 225-09-156-01 10/09/2025 Building Plan Review Services - 2025/9 $7,038.50 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$53,190.60
43722 11/07/2025 Reconciled 11/07/2025 Accounts Payable World Voyager LLC $250.00 $250.00 $0.00 Invoice Date Description Amount
000178 10/27/2025 Catering - 2025 CREST/Community Service Awards/70th Anniversary
$250.00
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2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$250.00
43723 11/07/2025 Reconciled 11/07/2025 Accounts Payable WOWzy Creation Corp. dba First Place
$94.35 $94.35 $0.00
Invoice Date Description Amount
97276 10/23/2025 Name Plates for Planning Dept $94.35
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$94.35
43724 11/07/2025 Reconciled 11/07/2025 Accounts Payable Zengsheng Wang $787.54 $787.54 $0.00 Invoice Date Description Amount
ZW101225 10/12/2025 Travel Reimbursement 2025 CALPERS $787.54 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$787.54
Type EFT Totals: 95 Transactions $1,877,675.65 $1,877,675.65 $0.00 Main Account - Main Checking Account Totals
Checks Status Count Transaction Amount Reconciled Amount Open 12 $6,621.37 $0.00
Reconciled 60 $367,262.16 $367,262.16
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 72 $373,883.53 $367,262.16
EFTs Status Count Transaction Amount Reconciled Amount
Open 0 $0.00 $0.00
Reconciled 95 $1,877,675.65 $1,877,675.65
Voided 0 $0.00 $0.00
Total 95 $1,877,675.65 $1,877,675.65
All Status Count Transaction Amount Reconciled Amount
Open 12 $6,621.37 $0.00
Reconciled 155 $2,244,937.81 $2,244,937.81
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Wednesday, December 10,
2025
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Payment Register
City of Cupertino
From Payment Date: 10/25/2025 - To Payment Date: 11/7/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Total 167 $2,251,559.18 $2,244,937.81
Grand Totals:

Checks Status Count Transaction Amount Reconciled Amount Open 12 $6,621.37 $0.00
Reconciled 60 $367,262.16 $367,262.16
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 72 $373,883.53 $367,262.16
EFTs Status Count Transaction Amount Reconciled Amount
Open 0 $0.00 $0.00
Reconciled 95 $1,877,675.65 $1,877,675.65
Voided 0 $0.00 $0.00
Total 95 $1,877,675.65 $1,877,675.65
All Status Count Transaction Amount Reconciled Amount
Open 12 $6,621.37 $0.00
Reconciled 155 $2,244,937.81 $2,244,937.81
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 167 $2,251,559.18 $2,244,937.81
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2025
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Attachment C
RESOLUTION NO. 25-XXX

A RESOLUTION OF THE CUPERTINO CITY COUNCIL

RATIFYING CERTAIN CLAIMS AND DEMANDS PAYABLE IN THE

AMOUNTS AND FROM THE FUNDS AS HEREINAFTER DESCRIBED FOR

GENERAL AND MISCELLANEOUS EXPENDITURES FOR THE PERIOD
ENDING NOVEMBER 21, 2025
WHEREAS, the Director of Administrative Services or their designated representative has certified to accuracy of the following claims and demands and to the availability of funds for payment hereof; and
WHEREAS, the said claims and demands have been audited as required by law.

NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby ratify the following claims and demands in the amounts and from the funds as hereinafter set forth in the attached Payment Register.

PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 16th day of December, 2025 by the following vote:

Vote Members of the City Council
AYES:

NOES:

ABSENT:

ABSTAIN:

SIGNED:
________
Mayor
City of Cupertino
________________________
Date
ATTEST:
________
Kirsten Squarcia, City Clerk
________________________
Date
69 CC 12-16-2025
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Resolution No. 25-XXX

Page 2 ends

CERTIFICATION
The Finance Manager hereby certifies to the accuracy of said records and to the availability of funds for payment.

CERTIFIED:

Jonathan Orozco, Finance Manager
70 CC 12-16-2025
70 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Main Account - Main Checking Account
Check
737606 11/21/2025 Open Accounts Payable AT&T $50.56
Invoice Date Description Amount
5558-102825 10/28/2025 960 731-7142 555 8 $50.56
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$50.56
737607 11/21/2025 Open Accounts Payable Atkinson, Andelson, Loya, Ruud & Romo
$14,124.00
Invoice Date Description Amount
768169 10/31/2025 Professional Services, October Services $14,124.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$14,124.00
737608 11/21/2025 Open Accounts Payable Axess Americas Inc. $14,602.00 Invoice Date Description Amount
82003693 DP 11/06/2025 Down payment for project: Cupertino_ST 600 Flap& Door R
$14,602.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$14,602.00
737609 11/21/2025 Open Accounts Payable Bay Aerials Gymnastics $24,038.40 Invoice Date Description Amount
11042025 11/04/2025 OCTOBER 2025 PROGRAM INSTRUCTION $24,038.40 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$24,038.40
737610 11/21/2025 Open Accounts Payable Ching Yun Lin $268.80 Invoice Date Description Amount
110425 11/04/2025 September-October 2025 Classes $268.80 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$268.80
737611 11/21/2025 Open Accounts Payable CINTAS CORP $1,488.75 Invoice Date Description Amount
4247970607 10/28/2025 Service Center- Uniforms and Safety Apparel $649.13 4248748658 11/04/2025 Service Center OE3 Uniforms $839.62 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,488.75
737612 11/21/2025 Open Accounts Payable COMCAST $1,426.88 Invoice Date Description Amount
3310- 110725 11/07/2025 8155 40 065 0183310- 110725 $1,426.88 Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$702.60
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$724.28
737613 11/21/2025 Open Accounts Payable Consor PMCM, Inc $2,687.55 Invoice Date Description Amount
25011-6 10/24/2025 City of Cupertino – Stevens Creek Blvd 090125- 093025
$2,687.55
Paying Fund Cash Account Amount
420 - Capital Improvement Fund 420 100-100 (Cash & Investments Assets Operating Cash)
$2,687.55
737614 11/21/2025 Open Accounts Payable County of Santa Clara $4,593.45 Invoice Date Description Amount
CEP2026-1 11/12/2025 FY25-26 Compost Education Program $4,593.45 Paying Fund Cash Account Amount
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$4,593.45
737615 11/21/2025 Open Accounts Payable County of Santa Clara $4,556.61 Invoice Date Description Amount
1800095754 10/31/2025 FY26- Aerial Imagery & LiDAR Data Acqui Cost Share Agr.
$4,556.61
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$4,556.61
737616 11/21/2025 Open Accounts Payable County of Santa Clara -Sheriff $120.00 Invoice Date Description Amount
1800095477 10/17/2025 LIVE SCAN SVCS SEP25 $120.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$120.00
737617 11/21/2025 Open Accounts Payable DEPARTMENT OF JUSTICE $608.00 Invoice Date Description Amount
001471 11/04/2025 FINGERPRINT APPS OCT25 $608.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$608.00
737618 11/21/2025 Open Accounts Payable Department of Transportation $717.28 Invoice Date Description Amount
SL260170 10/20/2025 SIGNALS & LIGHTING BILLING July 2025 through September 2025
$717.28
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$717.28
737619 11/21/2025 Open Accounts Payable EMPLOYMENT DEVELOPMENT

DEPARTMENT
$3,240.00
Invoice Date Description Amount
L1089538096 10/29/2025 Unemployment Insurance Benefit Charge Sept 30 2025 Q3
$3,240.00
Paying Fund Cash Account Amount
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,240.00
737620 11/21/2025 Open Accounts Payable Foster Brothers Security Systems $156.43 Invoice Date Description Amount
10613 10/31/2025 Facilities - 6Pin Large Format Schlage $156.43 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$156.43
737621 11/21/2025 Open Accounts Payable Got Gophers, Inc. $275.00 Invoice Date Description Amount
93381 10/31/2025 Grounds - Monthly Maint Three Oaks Park $275.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$275.00
737622 11/21/2025 Open Accounts Payable Housing California $850.00 Invoice Date Description Amount
61085511 11/13/2025 Housing California's annual conference $850.00 Paying Fund Cash Account Amount
265 - BMR Housing 265 100-100 (Cash & Investments Assets Operating Cash)
$850.00
737623 11/21/2025 Open Accounts Payable HUICHEN LIN $195.00 Invoice Date Description Amount
112125 HL 11/12/2025 November payment $195.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$195.00
737624 11/21/2025 Open Accounts Payable Kone, Inc. $2,600.00 Invoice Date Description Amount
871846447 11/01/2025 Facilities - November 2025 Services $1,300.00 871819378 10/01/2025 Facilities - Oct 2025 Maintenance $1,300.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,950.00
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$650.00
737625 11/21/2025 Open Accounts Payable Lester Giles Markarian $405.00 Invoice Date Description Amount
111425 11/14/2025 Blacksmith Demonstrations 9/27/25 and 10/25/25 $405.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$405.00
737626 11/21/2025 Open Accounts Payable MCCi, LLC $22,201.00 Invoice Date Description Amount
RN25868 11/11/2025 FY26 Laserfiche Licensing & Support 12/14/25 - 12/13/26
$22,201.00
Paying Fund Cash Account Amount
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$22,201.00
737627 11/21/2025 Open Accounts Payable Mobile Modular Portable Storage $164.81 Invoice Date Description Amount
301966307 11/14/2025 8x20 Storage-Rent 10/30/2025 to 11/28/2025 $164.81 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$164.81
737628 11/21/2025 Open Accounts Payable Mood Media $38.14 Invoice Date Description Amount
384585 11/17/2025 LMOOD MEDIA LOCATION DETAIL 01-AUG-2024 11- AUG-2024
$38.14
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$38.14
737629 11/21/2025 Open Accounts Payable Mountain View Garden Center $417.17 Invoice Date Description Amount
118794 11/10/2025 Street- Top Sand $278.11
118788 11/10/2025 Street- Top Sand $139.06
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$417.17
737630 11/21/2025 Open Accounts Payable Napa Auto Parts $702.95 Invoice Date Description Amount
757714 10/22/2025 Fleet- Engine Oil Filters $397.37
758245 10/30/2025 Fleet - Spark Plug $97.63
758345 10/31/2025 Fleet - Spark Plug $31.04
758344 10/31/2025 Fleet - Spark Plug $13.12
758501 11/03/2025 Fleet - Oil Filter, Air Filter $163.79 Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$702.95
737631 11/21/2025 Open Accounts Payable O'Reilly Auto Parts $27.77 Invoice Date Description Amount
2591-476530 11/03/2025 Fleet - Spark Plug $27.77
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$27.77
737632 11/21/2025 Open Accounts Payable Operating Engineers Local Union No. 3 $1,324.71
Invoice Date Description Amount
11142025 11/14/2025 Union Dues pp 11/1/25-11/14/25 $1,324.71 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,324.71
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
737633 11/21/2025 Open Accounts Payable PartsTree.com $660.12 Invoice Date Description Amount
2-225509 10/30/2025 Fleet - Fuel Sys Kit, Air Filter, Foam Pre Filter, Pipe, Tube
$556.61
2-228950 11/04/2025 Fleet - O Ring, Tube $103.51
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$660.12
737634 11/21/2025 Open Accounts Payable PAUL SAPUDAR $55.00 Invoice Date Description Amount
PaulS10142025 10/14/2025 Cell Phone Reimbursement - Paul S through 10142025 $55.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$55.00
737635 11/21/2025 Open Accounts Payable PG&E $28,946.89 Invoice Date Description Amount
1715-102025 10/20/2025 4993063171-5 9/13/25-10/14/25 $28,946.89 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$28,946.89
737636 11/21/2025 Open Accounts Payable PG&E $74,841.60 Invoice Date Description Amount
0092-102725-0 10/27/2025 0116367401 - MILLER W/S NORTH OF

GREENWOOD
$22.05
0092-102725-1 10/27/2025 0116367359 - HOMESTEAD & HERON $91.12 0092-102725-2 10/27/2025 0116367150 - HOMESTEAD & WOLFE RD $144.44 0092-102725-3 10/27/2025 0116367155 - HOMESTEAD & BLANEY $91.68 0092-102725-4 10/27/2025 0116367275 - HOMESTEAD & TANTAU $145.71 0092-102725-5 10/27/2025 0112017763 - 11370 S STELLING RD $9.57 0092-102725-6 10/27/2025 0116644889 - 19500 PRUNERIDGE AVE POLE TP16660
$9.57
0092-102725-7 10/27/2025 0118007511 - 21834 CORTE MADERA LN $5.85 0092-102725-8 10/27/2025 0110161867 - W/S OF WOLFE RD @ APPLE

CAMPUS DRIVEWAY
$104.97
0092-102725-9 10/27/2025 0116367793 - GREENLEAF DR, FLORA VISTA AVE,

GLENCOE DR, N
$826.79
0092-102725-10 10/27/2025 0115145264 - 2018-12 RANDY LANE & LARRY WAY - STREETLIGHTS
$67.63
0092-102725-11 10/27/2025 0111736580 - SPM - SF CUPERTINO 075 $5.74 0092-102725-12 10/27/2025 0116367357 - N DE ANZA BLVD 188 FT ($37.34) 0092-102725-13 10/27/2025 0116367907 - S/W COR STELLING & $125.64 0092-102725-14 10/27/2025 0116367113 - MILLER E/S 100N OFF $108.32 0092-102725-15 10/27/2025 0116367836 - DE ANZA BLVD E/S S/O ($47.67) 0092-102725-16 10/27/2025 0116367677 - DE ANZA & LAZANEO ($47.29) 0092-102725-17 10/27/2025 0116367025 - DE ANZA & LAZANEO DR $118.91 0092-102725-18 10/27/2025 0110659172 - N DE ANZA BLVD 455 FT ($42.22) 0092-102725-19 10/27/2025 0116367035 - DEANZA BLVD & MARIANI $148.80 0092-102725-20 10/27/2025 0116367045 - DEANZA BLVD @HWY 280 $146.49 0092-102725-21 10/27/2025 0116367050 - NW COR STEVENS CRK $117.68 user: Indrani Sengupta Pages: 5 of 35 Monday, November 24, 2025 75 CC 12-16-2025
75 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
0092-102725-22 10/27/2025 0116367055 - SAICH WY @ STEVENS CRK NE CORNER
$100.89
0092-102725-23 10/27/2025 0116367060 - E37R0 STEVENS CREEK & $158.01 0092-102725-24 10/27/2025 0116367065 - STEVENS CREEK BLVD E/ ($46.81) 0092-102725-25 10/27/2025 0116367070 - STEVENS CREEK @ BLANEY AVE $137.27 0092-102725-26 10/27/2025 0116367075 - VALLCO PKWY @ $96.76 0092-102725-27 10/27/2025 0116367090 - WOLFE @ VALLCO PKWY $149.83 0092-102725-28 10/27/2025 0116367100 - E37H3 WOLFE & 280 $145.79 0092-102725-29 10/27/2025 0116367105 - STEVENS CRK & WOLFE RD $205.41 0092-102725-30 10/27/2025 0116367110 - SW COR STEVENS CRK & $124.04 0092-102725-31 10/27/2025 0116367115 - STEVENS CRK @PERIMETER RD $124.51 0092-102725-32 10/27/2025 0116367120 - VALLCO PARKWAY/TANTAU AVE $138.37 0092-102725-33 10/27/2025 0116367125 - STEVENS CRK & TANTAU $135.70 0092-102725-34 10/27/2025 0116367130 - NW COR STEVEN CRK AND $125.80 0092-102725-35 10/27/2025 0116367782 - N/S STEVENS CREEK BLVD ($47.20) 0092-102725-36 10/27/2025 0116367001 - E37H4 WOLFE & RTE 280 $87.87 0092-102725-37 10/27/2025 0116367165 - S/E WOLFE-PRUNRIDGE $156.94 0092-102725-38 10/27/2025 0116367170 - 10350 N TANTAU AVE / TRAFFIC

PEDESTAL
$132.82
0092-102725-39 10/27/2025 0116367175 - S/E COR PRUNERIDGE & $112.41 0092-102725-40 10/27/2025 0116367180 - FINCH & STEVENS CREEK $154.75 0092-102725-41 10/27/2025 0116367185 - WOLFE RD 500 FT ($14.45) 0092-102725-42 10/27/2025 0116367195 - CRNR MILLER & PHIL LN $110.14 0092-102725-43 10/27/2025 0116367200 - HOMESTEAD @DEANZA BLVD $170.27 0092-102725-44 10/27/2025 0116367205 - HOMESTEAD RD $105.78 0092-102725-45 10/27/2025 0116367215 - N/RAMP DE ANZA BLVD $131.36 0092-102725-46 10/27/2025 0116367220 - HOMESTEAD RD & BLUE JAY $106.25 0092-102725-47 10/27/2025 0116367225 - WS PORTAL BTW AMHURST- $271.17 0092-102725-48 10/27/2025 0114321565 - 22601 VOSS AVE $1,838.17 0092-102725-49 10/27/2025 0116367925 - 22601 VOSS AVE ($34.72) 0092-102725-50 10/27/2025 0116367245 - STEVENS CREEK BLVD & ($37.55) 0092-102725-51 10/27/2025 0116367269 - COR/LUCILLE & RANDY LN ($45.09) 0092-102725-52 10/27/2025 0116367255 - LUCILLE & VILLA DE ANZA $386.84 0092-102725-53 10/27/2025 0116367815 - 19784 WINTERGREEN DR $1,188.65 0092-102725-54 10/27/2025 0116367280 - STEVENS CREEK BLVD & 150 $131.76 0092-102725-55 10/27/2025 0116367290 - STEVENS CRK & MARY AVE 10 $150.92 0092-102725-56 10/27/2025 0116367408 - STEVENS CREEK BL & $28.93 0092-102725-57 10/27/2025 0116367625 - STEVENS CREEK BLVD ($47.72) 0092-102725-58 10/27/2025 0116367902 - 10246 PARKSIDE LN $399.58 0092-102725-59 10/27/2025 0116367628 - NW COR ALPINE DR & ($47.72) 0092-102725-60 10/27/2025 0116367476 - SALEM AVE @ FOOTHILL BLVD ($47.68) 0092-102725-61 10/27/2025 0116367527 - FOOTHILL BLVD 200' N/O ($47.49) 0092-102725-62 10/27/2025 0116367740 - CARMEN RD @ STEVENS ($46.11) 0092-102725-63 10/27/2025 0112570652 - FOOTHILL BLVD 150' N/O ($47.17) 0092-102725-64 10/27/2025 0116367370 - STEVENS CREEK BLVD & $15.77 0092-102725-65 10/27/2025 0116367380 - NE CORNER PENINSULA & 150 $123.64 0092-102725-66 10/27/2025 0116367385 - END/STOKES W/ ($44.96) 0092-102725-67 10/27/2025 0116367395 - N/E COR FOOTHILL AND $115.16 0092-102725-68 10/27/2025 0116367067 - STONYDALE DR @ $92.44 0092-102725-69 10/27/2025 0116367071 - LINDA VISTA DR ($30.64) user: Indrani Sengupta Pages: 6 of 35 Monday, November 24, 2025 76 CC 12-16-2025
76 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
0092-102725-70 10/27/2025 0116367648 - LINDA VISTA PARK $223.06 0092-102725-71 10/27/2025 0116367455 - E37R9 RODRIGUEZ & $133.59 0092-102725-72 10/27/2025 0116367656 - SCOFIELD & DE ANZA ($44.21) 0092-102725-73 10/27/2025 0116367465 - DE ANZA BLVD AND ($45.41) 0092-102725-74 10/27/2025 0116367475 - FOOTHILL AND STEVENS CREEK $121.93 0092-102725-75 10/27/2025 0116367447 - STELLING RD MEDIAN ($43.89) 0092-102725-76 10/27/2025 0116367236 - STELLING RD MEDIAN ($44.25) 0092-102725-77 10/27/2025 0116367505 - STEVENS CRK & STELLING $65.14 0092-102725-78 10/27/2025 0116367510 - BUBB RD & RESULTS WY $83.31 0092-102725-79 10/27/2025 0116367515 - BUBB RD & MC CLELLAN $167.08 0092-102725-80 10/27/2025 0116367520 - STELLING RD/PEPPERTREE $101.38 0092-102725-81 10/27/2025 0116367525 - STELLING & MC CLELLAN $148.05 0092-102725-82 10/27/2025 0116367530 - ORANGE AVE & STVNS CRK $88.04 0092-102725-83 10/27/2025 0116367493 - DUMAS DR-JOLLYMAN PARK $680.14 0092-102725-84 10/27/2025 0116367545 - SARATOGA-SUNNYVALE RD @

RAINBOW
$121.08
0092-102725-85 10/27/2025 0116367550 - W/S SARA-SVLE RD AT $109.54 0092-102725-86 10/27/2025 0116367560 - S/E COR DE ANZA & $159.16 0092-102725-87 10/27/2025 0116367570 - DE ANZA BLVD AND ($45.41) 0092-102725-88 10/27/2025 0116367585 - RAINBOW & STELLING $111.56 0092-102725-89 10/27/2025 0116367559 - 21011 PROSPECT RD ($47.64) 0092-102725-90 10/27/2025 0116367685 - RUPPELL PL & MOLTZEN DR $21.92 0092-102725-91 10/27/2025 0116367360 - 10300 AINSWORTH DR ($47.60) 0092-102725-92 10/27/2025 0116367630 - 22100 STEVENS CREEK BLVD $437.44 0092-102725-93 10/27/2025 0116367375 - 10710 STOKES AVE ($3.26) 0092-102725-94 10/27/2025 0116367044 - 10555 MARY AVE $1,474.89 0092-102725-95 10/27/2025 0116367568 - 10555 MARY AVE $358.69 0092-102725-96 10/27/2025 0116367474 - 10500 ANN ARBOR AVE ($47.00) 0092-102725-97 10/27/2025 0114315284 - 21975 SAN FERNANDO AVE $3,920.89 0092-102725-98 10/27/2025 0116367171 - 10155 BARBARA LN $88.04 0092-102725-99 10/27/2025 0116367587 - 10430 S DE ANZA BLVD $18.59 0092-102725-100 10/27/2025 0116367449 - 10350 TORRE AVE $5,015.38 0092-102725-101 10/27/2025 0116367145 - 10300 TORRE AVE $14,026.86 0092-102725-102 10/27/2025 0116367437 - 10455 MILLER AVE $807.80 0092-102725-103 10/27/2025 0116367988 - 21710 MCCLELLAN RD ($47.71) 0092-102725-104 10/27/2025 0116367484 - 20220 SUISUN DR ($47.51) 0092-102725-105 10/27/2025 0116367763 - 10630 S DE ANZA BLVD $25.24 0092-102725-106 10/27/2025 0116367332 - 821 BUBB RD # B ($8.33) 0092-102725-107 10/27/2025 0116367274 - 1170 YORKSHIRE DR ($47.50) 0092-102725-108 10/27/2025 0116367013 - 1486 S STELLING RD ($47.72) 0092-102725-109 10/27/2025 0116367941 - 7548 DONEGAL DR ($44.99) 0092-102725-110 10/27/2025 0116367840 - 10185 N STELLING RD $14,996.58 0092-102725-111 10/27/2025 0116367285 - 21111 STEVENS CREEK BLVD $12,970.82 0092-102725-112 10/27/2025 0116367477 - 21121 STEVENS CREEK BLVD $3,554.47 0092-102725-113 10/27/2025 0113736756 - 21251 STEVENS CREEK BLVD $5,824.23 0092-102725-114 10/27/2025 0116367590 - SARATOGA SUNNYVALE RD $100.80 0092-102725-115 10/27/2025 0116367605 - E37C1 PROSPECT & $124.74 0092-102725-116 10/27/2025 0116367610 - E37R6 KENTWOOD $113.54 0092-102725-117 10/27/2025 0116367615 - FALLENLEAF LN & DE ANZA BLVD $112.27 0092-102725-118 10/27/2025 0116367620 - S. DE ANZA BL & SHARON DR ($37.35) user: Indrani Sengupta Pages: 7 of 35 Monday, November 24, 2025 77 CC 12-16-2025
77 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$61,433.34
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$437.44
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$12,970.82
737637 11/21/2025 Open Accounts Payable PG&E $127.69
Invoice Date Description Amount
4212-102725 10/27/2025 3535370421-2 9/18/25-10/19/25 $127.69 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$127.69
737638 11/21/2025 Open Accounts Payable PG&E $40,421.57 Invoice Date Description Amount
3296-102825 10/28/2025 5116972329-6 9/22/25-10/21/25 $40,421.57 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$40,421.57
737639 11/21/2025 Open Accounts Payable PG&E $271.30
Invoice Date Description Amount
0349-102325 10/23/2025 3042033034-9 9/17/25-10/16/25 $271.30 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$271.30
737640 11/21/2025 Open Accounts Payable PG&E $283.09
Invoice Date Description Amount
8413-102725 10/27/2025 4685859841-3 9/19/25-10/20/25 $283.09 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$283.09
737641 11/21/2025 Open Accounts Payable PG&E $57.06
Invoice Date Description Amount
5875-101925 10/19/2025 2012160587-5 9/18/25-10/17/25 $57.06 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$57.06
737642 11/21/2025 Open Accounts Payable PG&E $163.84
Invoice Date Description Amount
9785-102725 10/27/2025 2016881978-5 9/18/25-10/19/25 $163.84 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$163.84
737643 11/21/2025 Open Accounts Payable PG&E $1,229.74
Invoice Date Description Amount
06480-102925 10/29/2025 5587684648-0 9/23/25-10/22/25 $1,229.74 Paying Fund Cash Account Amount
user: Indrani Sengupta Pages: 8 of 35 Monday, November 24, 2025 78 CC 12-16-2025
78 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,229.74
737644 11/21/2025 Open Accounts Payable PG&E $153.37
Invoice Date Description Amount
7100-101425 10/14/2025 7166121710-0 9/5/25-10/5/25 $153.37 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$153.37
737645 11/21/2025 Open Accounts Payable Pina Brothers Compressors, Inc. $6,111.00 Invoice Date Description Amount
2595 10/22/2025 Facilities - QCC Compressor $6,111.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$6,111.00
737646 11/21/2025 Open Accounts Payable Raj Goel $468.00 Invoice Date Description Amount
112125 RG 11/12/2025 November payment $468.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$468.00
737647 11/21/2025 Open Accounts Payable REBECCA MCCORMICK $936.00 Invoice Date Description Amount
11042025 11/04/2025 OCTOBER 2025 PROGRAM INSTRUCTION $936.00 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$936.00
737648 11/21/2025 Open Accounts Payable ROYAL BRASS INCORPORATED -

SAN JOSE
$157.36
Invoice Date Description Amount
00372748 10/21/2025 Facilities - Push Lok Assembly $157.36 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$157.36
737649 11/21/2025 Open Accounts Payable RPM EXTERMINATORS INC $1,275.00 Invoice Date Description Amount
0120063 10/27/2025 Facilities- Bait Trap Service $1,275.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,020.00
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$255.00
737650 11/21/2025 Open Accounts Payable San Jose Water Company $103,790.33 Invoice Date Description Amount
SJW102125-0 10/21/2025 0573900000-7 - 22120 Stevens Creek Blvd $145.47 SJW102125-1 10/21/2025 3688120000-4 - Mary Ave Footbridge $272.53 SJW102125-2 10/21/2025 3872100000-8 - Park Canyon Oak Wy $788.00 SJW102125-3 10/21/2025 4299057897-5 - Alhambra Ave $833.31 SJW102125-4 10/21/2025 6287875324-3 - 22241 McClellan Rd (Simms) $1,423.91 user: Indrani Sengupta Pages: 9 of 35 Monday, November 24, 2025 79 CC 12-16-2025
79 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
SJW102125-5 10/21/2025 6875120000-4 - 21979 San Fernando Av $864.64 SJW102125-6 10/21/2025 7112900000-7 - Oak Valley Rd $261.11 SJW102125-7 10/21/2025 7523510000-7 - Oak Valley Road LS $378.17 SJW102125-8 10/21/2025 9118810000-1 - 21121 Stevens Ck Bl Ls $562.03 SJW102225-0 10/22/2025 0068410000-1 - 22221 McClellan 8302 $2,696.51 SJW102225-1 10/22/2025 0134100000-6 - 8303 Memorial Park $2,709.52 SJW102225-2 10/22/2025 0345710000-0 - Alderbrook Ln.FS $166.53 SJW102225-3 10/22/2025 1250520000-1 - 6620 Blackberry/Snack $2,403.85 SJW102225-4 10/22/2025 1444810000-9 - Hyannisport Dr. LS $2,531.75 SJW102225-5 10/22/2025 1735700000-3 - 8303 Memorial Park Restroom $492.65 SJW102225-6 10/22/2025 1787904559-3 - 22221 McClellan 8302 $296.05 SJW102225-7 10/22/2025 1832500000-0 - Ruppell PL LS $2,611.71 SJW102225-8 10/22/2025 1836700000-9 - 8322 Mary Mini Park $397.53 SJW102225-9 10/22/2025 1987700000-0 - Alderbrook Ln LS $4,712.14 SJW102225-10 10/22/2025 2228610000-7 - 21111 Stevens Crk LS $426.80 SJW102225-11 10/22/2025 2243500000-9 - 10300 Ainsworth Dr.LS $2,709.52 SJW102225-12 10/22/2025 2286120000-8 - 21251 Stevens Creek Blvd $105.27 SJW102225-13 10/22/2025 2288800000-1 - Stokes Ave/8306 Somerset Park $880.42 SJW102225-14 10/22/2025 2787197813-9 - 8322 Stevens Creek Bl $131.00 SJW102225-15 10/22/2025 2892070144-9 - 22221 McClellan 8320 $210.54 SJW102225-16 10/22/2025 2984810000-3 - 8504 Alves and Stelling $478.02 SJW102225-17 10/22/2025 3322910000-4 - 8306 Somerset Park(Stokes Ave) $390.23 SJW102225-18 10/22/2025 3530520000-4 - 21111 Stev.Crk Blvd 8510 $763.35 SJW102225-19 10/22/2025 3612707315-7 - Stocklmeir Ct $397.53 SJW102225-20 10/22/2025 3673220000-5 - Stev.Crk/Cupertino Rd. $123.70 SJW102225-21 10/22/2025 3746710000-6 - 21111 Stev.Crk BL FS $165.41 SJW102225-22 10/22/2025 3841010000-2 - 8507 Monta Vista Park $448.75 SJW102225-23 10/22/2025 3856110000-9 - 8322 Stella Estates $119.57 SJW102225-24 10/22/2025 3857710000-1 - 8322 Foothill/Cupertino Rd $596.03 SJW102225-25 10/22/2025 3900520000-9 - 10300 Torre Ave $933.30 SJW102225-26 10/22/2025 4103020000-4 - 6620 Blackberry/Snack $1,416.14 SJW102225-27 10/22/2025 4227520000-6 - 8303 Memorial Park $690.19 SJW102225-28 10/22/2025 5356310000-6 - 8322 Stev.Crk/Median $390.23 SJW102225-29 10/22/2025 5778910000-5 - 8504 Quinlan Ln.FS $105.27 SJW102225-30 10/22/2025 5835000000-4 - 8322 Stelling/Alves $236.69 SJW102225-31 10/22/2025 5929210000-1 - 8322 Ann Arbor Ct $252.15 SJW102225-32 10/22/2025 6292600000-1 - 10800 Torre Ave LS $2,315.76 SJW102225-33 10/22/2025 6296810000-8 - 8322 Stev.Crk Bl median $144.33 SJW102225-34 10/22/2025 6405210000-1 - 8506 McClellan Ranch $328.55 SJW102225-35 10/22/2025 6578520000-0 - 83 Foothill Bl/Alpine Dr22 LS $244.85 SJW102225-36 10/22/2025 6788620000-4 - 10555 Mary Ave. 8503 $521.92 SJW102225-37 10/22/2025 6907100000-9 - Alderbrook Ln $357.00 SJW102225-38 10/22/2025 6935200000-9 - 8303 Memorial Park $6,265.29 SJW102225-39 10/22/2025 6973320000-5 - 8301 Linda Vista PK1 $960.90 SJW102225-40 10/22/2025 7036000000-7 - 85 Stev.Crk/Mary LS $280.58 SJW102225-41 10/22/2025 7054200000-8 - 8322 Phar Lap LS $75.24 SJW102225-42 10/22/2025 7630410000-1 - Salem Av.LS $259.47 SJW102225-43 10/22/2025 7930000000-1 - 8322 Stelling/Christensen Dr. $252.15 SJW102225-44 10/22/2025 8006810000-9 - 10450 Mann Dr $75.24 SJW102225-45 10/22/2025 8065700000-8 - Peninsula and Fitzgerald Is $82.54 user: Indrani Sengupta Pages: 10 of 35 Monday, November 24, 2025 80 CC 12-16-2025
80 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
SJW102225-46 10/22/2025 8270010000-9 - Janice Ave.LS $456.07 SJW102225-47 10/22/2025 8287220000-9 - 8322 Stevens Cr/San Antonio Ls $167.59 SJW102225-48 10/22/2025 8647520000-1 - 10555 Mary Ave/Corp Yard FS $270.71 SJW102225-49 10/22/2025 8879620000-9 - 8504 Christensen Dr $470.70 SJW102225-50 10/22/2025 8886800000-6 - 8301 Linda Vista PK2 $938.96 SJW102225-51 10/22/2025 9377600000-7 - 8307 Varian Park $2,270.53 SJW102225-52 10/22/2025 9824500000-9 - 8322 Irrig SC/Stelling $559.45 SJW102225-53 10/22/2025 9988206980-2 - 8303 Memorial Park $3,363.36 SJW102225-54 10/22/2025 0645365732-9 - City of Cupertino Portable Meter $790.74 SJW102225-55 10/22/2025 0677310000-0 - 10300 Torre Ave LS (Comm.Hall) $1,263.71 SJW102225-56 10/22/2025 1198300000-8 - 21979 San Fernando Ave. 6620 (Trail Restroom)
$377.22
SJW102225-57 10/22/2025 1332100000-5 - Hyde Avenue $3,133.08 SJW102225-58 10/22/2025 2649300000-9 - 10300 Torre Ave. FS (Comm.Hall) $166.53 SJW102225-59 10/22/2025 2974010000-2 - 21251 Stevens Creek Blvd $712.14 SJW102225-60 10/22/2025 3207400000-4 - 21710 McClellan 8312 $3,543.59 SJW102225-61 10/22/2025 3953083125-2 - Tuscany Pl $776.35 SJW102225-62 10/22/2025 4012210000-7 - 22601 Voss Av 8304 $4,212.06 SJW102225-63 10/22/2025 4444250747-9 - Tuscany Pl $1,155.35 SJW102225-64 10/22/2025 5122900000-8 - Portable Meter $778.10 SJW102225-65 10/22/2025 5237400000-9 - Dumas Dr, LS $6,133.80 SJW102225-66 10/22/2025 5986710000-6 - 10300 Torre Ave. FS (Comm.Hall) $771.24 SJW102225-67 10/22/2025 5997110000-9 - 7555 Barnhart Pl $3,098.96 SJW102225-68 10/22/2025 6730700000-9 - 21975 San Fernando Av $302.48 SJW102225-69 10/22/2025 7495200000-3 - 10300 Torre Ave FS $166.53 SJW102225-70 10/22/2025 8427420000-9 - 8322 Foothill/Vista Knoll $1,035.01 SJW102225-71 10/22/2025 8549600000-2 - Bubb Rd.LS $2,318.14 SJW102225-72 10/22/2025 8755010000-9 - 10455 Miller Ave/Creekside $734.43 SJW102825-0 10/28/2025 0067500000-4 - Oro Grande PL LS $299.71 SJW102825-1 10/28/2025 0879200000-5 - Stelling Rd. LS $1,137.73 SJW102825-2 10/28/2025 1731610000-1 - De Anza Blvd.S. $865.18 SJW102825-3 10/28/2025 4242600000-8 - Irrigation-Median (Bollinger Rd) $240.79 SJW102825-4 10/28/2025 4862898282-8 - 10455 Torre Ave $469.13 SJW102825-5 10/28/2025 5280181221-6 - S De Anza Bl (median irrigation) $373.38 SJW102825-6 10/28/2025 5461910000-8 - De Anza Blvd.S. $759.60 SJW102825-7 10/28/2025 5949902723-9 - Creekline Dr $476.61 SJW102825-8 10/28/2025 9705420000-7 - 10300 Torre Avenue Ls $2,873.67 SJW050225MISC-0 05/02/2024 4862898282-8 - 10455 Torre Ave $205.64 SJW050225MISC-1 05/02/2024 5461910000-8 - De Anza Blvd.S. $560.96 SJW102925-0 10/29/2025 3156700000-0 - Prospect Rd.LS $289.12 SJW102925-1 10/29/2025 4676110000-0 - Rainbow Dr.LS $362.78 SJW102925-2 10/29/2025 6756510000-4 - Yorkshire Dr.LS $5,792.29 SJW102925-3 10/29/2025 7808300000-6 - Irrigation-Median (Westlynn Wy) $289.12 SJW102925-4 10/29/2025 9511610000-9 - Donegal Dr. $146.45 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$101,082.00
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$790.74
user: Indrani Sengupta Pages: 11 of 35 Monday, November 24, 2025 81 CC 12-16-2025
81 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$1,917.59
737651 11/21/2025 Open Accounts Payable Senior Adults Legal Assistance (SALA)
$4,466.25
Invoice Date Description Amount
SALACDBGQ1FY2526 11/05/2025 Legal assistance to Cupertino Elders Q1 $4,466.25 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,466.25
737652 11/21/2025 Open Accounts Payable Sharp Electronics Corporation $498.33 Invoice Date Description Amount
9005563636 11/05/2025 FY26 Sharp Maint Agr. MFP support monthly fee Nov. 2025
$498.33
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$498.33
737653 11/21/2025 Open Accounts Payable State Water Resources Control Board $27,293.00 Invoice Date Description Amount
SW-0322465 11/05/2025 Annual Permit Fee FY25-26 $27,293.00 Paying Fund Cash Account Amount
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$27,293.00
737654 11/21/2025 Open Accounts Payable SUBURBAN PROPANE-1644 $3,461.68 Invoice Date Description Amount
16440226808 10/27/2025 Fleet - Propane $3,461.68
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$3,461.68
737655 11/21/2025 Open Accounts Payable T-MOBILE $104.37 Invoice Date Description Amount
4158-102125 10/21/2025 FY26 966594158 T-Mobile lines 9/21/25 -10/20/25 $104.37 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$104.37
737656 11/21/2025 Open Accounts Payable Tracer Golf Accessories $276.20 Invoice Date Description Amount
017217 10/24/2025 Golf Tees for sale in pro-shop $276.20 Paying Fund Cash Account Amount
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$276.20
737657 11/21/2025 Open Accounts Payable TransUnion Risk and Alternative $169.00 Invoice Date Description Amount
6110432-202510-1 11/01/2025 FY26 Tlo 10/01/2025 - 10/31/2025 $169.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$169.00
user: Indrani Sengupta Pages: 12 of 35 Monday, November 24, 2025 82 CC 12-16-2025
82 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
737658 11/21/2025 Open Accounts Payable WAXIE Sanitary Supply $69.04 Invoice Date Description Amount
83606037 10/30/2025 Compostable bags $69.04
Paying Fund Cash Account Amount
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$69.04
737659 11/21/2025 Open Accounts Payable WRA, Inc. $1,238.75 Invoice Date Description Amount
28252-1 - 58611 10/24/2025 McClellan Ranch West Parking through 09272025- 10242025
$1,238.75
Paying Fund Cash Account Amount
420 - Capital Improvement Fund 420 100-100 (Cash & Investments Assets Operating Cash)
$1,238.75
737660 11/21/2025 Open Accounts Payable Anirudh Rekulapalli $100.00 Invoice Date Description Amount
2010785.030 11/13/2025 Creekside Building - 11.01.25 - Security Deposit Refund
$100.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$100.00
737661 11/21/2025 Open Accounts Payable DAVID HO $214.14 Invoice Date Description Amount
362781 11/07/2025 REFUND 10641 MERRIMAN BLD-2025-1762

WITHDRAWN
$214.14
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$214.14
737662 11/21/2025 Open Accounts Payable Dian Alyan $500.00 Invoice Date Description Amount
2003288.032 11/07/2025 R236158 Community Hall November 2, 2025 Rental Deposit Refund
$500.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$500.00
737663 11/21/2025 Open Accounts Payable Kimm, Mary Ann $6,000.00 Invoice Date Description Amount
363757 10/14/2025 21035 Orion Ln, Encroachment, 363757 $6,000.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$6,000.00
737664 11/21/2025 Open Accounts Payable MITRANI CONSTRUCTION $418.55 Invoice Date Description Amount
363150 11/12/2025 REFUND 20397 VIA PARTOFINO BLD-2025-1830

WITHDRAWN
$418.55
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$418.55
user: Indrani Sengupta Pages: 13 of 35 Monday, November 24, 2025 83 CC 12-16-2025
83 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
737665 11/21/2025 Open Accounts Payable Poss, Frank $1,000.00 Invoice Date Description Amount
362818 10/14/2025 10309 Mary Ave. , Encroachment, 362818 $1,000.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,000.00
737666 11/21/2025 Open Accounts Payable Saranya Puvanendran $660.00 Invoice Date Description Amount
2010778.030 11/06/2025 QCC - 12.12.25 - Social Room Security Deposit Refund
$660.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$660.00
737667 11/21/2025 Open Accounts Payable Shao, Xiaozhuo $6,000.00 Invoice Date Description Amount
346839 10/14/2025 10335 Scenic Blvd, Encroachment, 346839 $6,000.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$6,000.00
737668 11/21/2025 Open Accounts Payable South Bay Bible Church $134.00 Invoice Date Description Amount
2003286.032 11/07/2025 R225910 Rental Hourly Fee Refunded Staffing Issue and damage fee
$134.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$134.00
737669 11/21/2025 Open Accounts Payable Srikrishna Rupanagunta $300.00 Invoice Date Description Amount
2003284.032 11/06/2025 R245235 November 2, 2025 Arts & Crafts Rental Deposit Refund
$300.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$300.00
737670 11/21/2025 Open Accounts Payable TAN, TOCHUN $179.00 Invoice Date Description Amount
2005600.012 11/12/2025 QCC CLASS REFUND- WORLD CUP SOCCER SKILL CLINIC #29730 CANCELLED
$179.00
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$179.00
737671 11/21/2025 Open Accounts Payable Yadira Toleno $300.00 Invoice Date Description Amount
2010784.030 11/13/2025 QCC - 11.02.25 - Cupertino Room Reservation Refund $300.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$300.00
user: Indrani Sengupta Pages: 14 of 35 Monday, November 24, 2025 84 CC 12-16-2025
84 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
737672 11/21/2025 Open Accounts Payable Bruce Hildenbrand $350.00 Invoice Date Description Amount
0034 10/02/2025 CH PW: MC for Cupertino Bike Fest $350.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$350.00
737673 11/21/2025 Open Accounts Payable D'AMATO, DOROTA $336.00 Invoice Date Description Amount
2005114.012 09/12/2024 SPORTS CENTER (09/12/2024) ACCT. CREDIT REFUND
$336.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$336.00
737674 11/21/2025 Open Accounts Payable LIN, MINGHSIN $252.00 Invoice Date Description Amount
2005193.012 12/10/2024 SPORTS CENTER (12/10/2024) ACCT CREDIT REFUND
$252.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$252.00
737675 11/21/2025 Open Accounts Payable Lin, Yi-Ling $1,100.00 Invoice Date Description Amount
338224 08/05/2025 1088 November Dr. Encroachment, 338224 $1,100.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,100.00
Type Check Totals: 70 Transactions $417,249.53
EFT
43727 11/10/2025 Open Accounts Payable EMPLOYMENT DEVEL DEPT $50,136.68 Invoice Date Description Amount
10312025 10/31/2025 CA State Tax pp 10/18/25-10/31/25 $50,136.68 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$50,136.68
43728 11/10/2025 Open Accounts Payable IRS $157,317.08
Invoice Date Description Amount
10312025 10/31/2025 Federal Tax pp 10/18/25-10/31/25 $157,317.08 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$157,317.08
43729 11/13/2025 Open Accounts Payable P E R S $170,728.62 Invoice Date Description Amount
10312025 10/31/2025 PERS pp 10/18/25-10/31/25 $170,728.62 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$170,728.62
user: Indrani Sengupta Pages: 15 of 35 Monday, November 24, 2025 85 CC 12-16-2025
85 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43730 11/13/2025 Open Accounts Payable USPS - EFT ONLY $1,360.83 Invoice Date Description Amount
677105532 11/13/2025 Shipping - P&R $1,360.83
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,360.83
43731 11/13/2025 Open Accounts Payable TASC $404.80
Invoice Date Description Amount
IN3603550 11/11/2025 HRA - Administration Fees NOV25 $404.80 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$404.80
43732 11/13/2025 Open Accounts Payable TASC $250.06
Invoice Date Description Amount
IN3603552 11/11/2025 FSA - Administration Fees NOV25 $250.06 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$250.06
43733 11/18/2025 Open Accounts Payable California Public Employees' Retirement System
$37.74
Invoice Date Description Amount
100000018121634 11/12/2025 Replacement Charges - Replacement Benefit Contribution
$37.74
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$37.74
43734 11/21/2025 Open Accounts Payable Colonial Life & Accident Insurance $29.16 Invoice Date Description Amount
11142025 11/14/2025 Colonial Products pp 11/1/25-11/14/25 $29.16 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$29.16
43735 11/21/2025 Open Accounts Payable Employment Development $13,368.25 Invoice Date Description Amount
11142025 11/14/2025 State Disability Insurance pp 11/1/25-11/14/25 $13,368.25 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$13,368.25
43736 11/21/2025 Open Accounts Payable National Deferred (ROTH) $1,690.00 Invoice Date Description Amount
11142025 11/14/2025 Nationwide Roth pp 11/1/25-11/14/25 $1,690.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,690.00
43737 11/21/2025 Open Accounts Payable National Deferred Compensation $22,708.84 Invoice Date Description Amount
11142025 11/14/2025 Nationwide Deferred Compensation pp 11/1/25- 11/14/25
$22,708.84
user: Indrani Sengupta Pages: 16 of 35 Monday, November 24, 2025 86 CC 12-16-2025
86 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$22,708.84
43738 11/21/2025 Open Accounts Payable PERS-457K $16,314.05 Invoice Date Description Amount
11142025 11/14/2025 PERS 457K pp 11/1/25-11/14/25 $16,314.05 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$16,314.05
43739 11/21/2025 Open Accounts Payable State Disbursement Unit $603.49 Invoice Date Description Amount
11142025 11/14/2025 Child Support pp 11/1/25-11/14/25 $603.49 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$603.49
43740 11/21/2025 Open Accounts Payable ABOLI JAYDEEP RANADE $234.00 Invoice Date Description Amount
112125 AJR 11/12/2025 November payment $234.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$234.00
43741 11/21/2025 Open Accounts Payable AIRGAS USA LLC $110.49 Invoice Date Description Amount
5520522435 10/31/2025 Fleet - Cylinder Rental $110.49
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$110.49
43742 11/21/2025 Open Accounts Payable Aleshire & Wynder, LLP $115,854.90 Invoice Date Description Amount
99403 10/23/2025 Legal Services, September 2025 $14,788.20 99404 10/23/2025 Legal Services, September 2025 $17,557.10 99405 10/23/2025 Legal Services, September 2025 $115.50 99406 10/23/2025 Legal Services, September 2025 $13,249.00 99407 10/23/2025 Legal Services, September 2025 $9,779.50 99408 10/23/2025 Legal Services, September 2025 $8,858.50 99409 10/23/2025 Legal Services, September 2025 $423.50 99410 10/23/2025 Legal Services, September 2025 $77.00
99411 10/23/2025 Legal Services, September 2025 $308.00 99413 10/23/2025 Legal Services, September 2025 $31,854.50 99414 10/23/2025 Legal Services, September 2025 $462.00 99415 10/23/2025 Legal Services, September 2025 $641.60 99416 10/23/2025 Legal Services, September 2025 $3,944.50 99417 10/23/2025 Legal Services, September 2025 $4,353.50 99418 10/23/2025 Legal Services, September 2025 $9,250.00 99419 10/23/2025 Legal Services, September 2025 $192.50 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$115,854.90
user: Indrani Sengupta Pages: 17 of 35 Monday, November 24, 2025 87 CC 12-16-2025
87 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43743 11/21/2025 Open Accounts Payable All City Management Services, Inc. $19,485.65 Invoice Date Description Amount
104469 10/29/2025 School Crossing Guard Services through 1012025- 10252025
$19,485.65
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$19,485.65
43744 11/21/2025 Open Accounts Payable Alliant Insurance Services, Inc. $142.00 Invoice Date Description Amount
3299446 10/30/2025 25-26 Public Official Bond, Kristina Alfaro $142.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$142.00
43745 11/21/2025 Open Accounts Payable Alta Planning + Design, Inc. $26,236.36 Invoice Date Description Amount
3040002024.25110 11/06/2025 Transportation - 304.0002024.251-10 Invoice#: ATP thru 10242025
$26,236.36
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$26,236.36
43746 11/21/2025 Open Accounts Payable Altec Industries, Inc. $171,566.58 Invoice Date Description Amount
7455108 08/04/2025 Fleet- Chassis Vin#1FDUF5GT5RDA30271 $171,566.58 Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$171,566.58
43747 11/21/2025 Open Accounts Payable Amazon Capital Services $10,508.47 Invoice Date Description Amount
1N3D-TMRJ-VKQ6 11/01/2025 Service Center - Multiple Division Purchases Oct 2025 $3,539.92 1DWD-R99M-TCCK 11/01/2025 Amazon Purchases Oct 2025 - PR3 Sports and Fitness $482.90 1QP3-GX1Q-W6TY 11/01/2025 Amazon Business - CMO - November 2025 $734.92 179D-TJT4-Y3TQ 11/01/2025 Facilities - Credit for Invoice# 1N3D-TMRJ-VKQ6 ($25.91) 1L1N-73JX-RKVW 11/01/2025 Citywide Coffee and ASD Office Supplies $189.77 1L1N-73JX-YTYX 11/01/2025 ASD - amazon return credit for invoice 1L1N-73JXRKVW($101.58) 1R37-Q713-VR3T 11/01/2025 Amazon Purchases Oct 2025 - PR2 Senior Wellness $287.01 1MD4-6PY1-YL3D 10/27/2025 Apply credit memo related to invoice 1KK9-QPMD1XYR($130.94) 1M76-JJJT-TTGQ 10/27/2025 Apply credit memo related to invoice 1KK9-QPMD1XYR($130.94) 1DF6-11FP-W6VY 11/01/2025 Amazon Purchases Oct 2025 - PR4 Events, Facilities, Youth, Teen
$1,046.97
1YFW-676T-WHV6 11/08/2025 Credit Memo A - 1QP3-GX1Q-W6TY ($36.00) 14F7-9FP9-WM1G 11/08/2025 Credit Memo B - 1QP3-GX1Q-W6TY ($36.00) 1LXJ-GXM9-VCPQ 10/18/2025 Apply credit memo related to invoice 1V11-99DJ-NR1J ($40.01) 1CDD-NY7Y-RFXM 10/22/2025 Apply credit memo related to invoice 1V11-99DJ-NR1J ($7.58) 1L1N-73JX-WRLY 11/01/2025 Apply credit memo related to invoice 1DF6-11FPW6VY($22.91) user: Indrani Sengupta Pages: 18 of 35 Monday, November 24, 2025 88 CC 12-16-2025
88 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
1QDW-1MQP-1XDN 11/01/2025 Apply credit memo related to invoice 1DF6-11FPW6VY($51.28) 1GKR-TYR6-W6GX 11/01/2025 Amazon Purchases Oct 2025 - PR5 Outdoor Recreation
$325.92
1CP7-Q3PD-JLLJ 11/10/2025 CDD Office Supplies and Building Inspector Materials $73.74 19X9-Y7TN-3V4C 11/01/2025 Apply credit memo related to invoice 1J6H-H7DN1TTC($96.15) 1J6H-H7DN-1TTC 11/01/2025 I&T department October 2025 $5,597.82 1WPV-LCMK-LPFG 11/14/2025 Apply credit memo related to invoice 1J6H-H7DN1TTC($1,091.20) Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,584.81
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$179.17
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$712.38
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$491.33
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$3,639.02
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$901.76
43748 11/21/2025 Open Accounts Payable American Assured Security, Inc. $231.00 Invoice Date Description Amount
50364 11/03/2025 Rental Security Services - Ikebana Flower Show $231.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$231.00
43749 11/21/2025 Open Accounts Payable Andy Badal $46.80 Invoice Date Description Amount
AndyB102225 10/22/2025 Andy 408.857.0630 Cell Reimbursement 9/23/25- 10/22/25
$46.80
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$46.80
43750 11/21/2025 Open Accounts Payable Arctic Wolf Networks Inc. $76,191.20 Invoice Date Description Amount
INV167917 07/09/2025 FY26 Arc Wol Managed Risk, Detection, Response 7/13/25 - 7/12/2
$76,191.20
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$76,191.20
43751 11/21/2025 Open Accounts Payable Avocette Technologies Inc. $4,586.08 Invoice Date Description Amount
2510CU1 11/01/2025 FY26 Accela Support for Oct 2025 $4,586.08 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,586.08
user: Indrani Sengupta Pages: 19 of 35 Monday, November 24, 2025 89 CC 12-16-2025
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43752 11/21/2025 Open Accounts Payable Azteca Systems, LLC $53,941.23 Invoice Date Description Amount
INV10652 10/30/2025 FY26 - Cityworks Enterprise License Agreement 12/31 - 12/30
$53,941.23
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$53,941.23
43753 11/21/2025 Open Accounts Payable B&H PHOTO-VIDEO $317.55 Invoice Date Description Amount
238895940 11/13/2025 1x KRAMER 2x1 4K HDR HDMI AUTO

SWITCHER/REG
$317.55
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$317.55
43754 11/21/2025 Open Accounts Payable Baseline Environmental Consulting $5,620.00 Invoice Date Description Amount
23308-03.009 11/06/2025 20840 STEVENS CREEK BLVD PEER

REVIEW/CUPERTINO
$5,620.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$5,620.00
43755 11/21/2025 Open Accounts Payable Batteries Plus Bulbs #475 $100.41 Invoice Date Description Amount
P86959400 11/06/2025 Facilities- Batteries $100.41
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$100.41
43756 11/21/2025 Open Accounts Payable Bay Area News Group $3,196.68 Invoice Date Description Amount
0001457627 10/31/2025 Legal Advertising - October 2025 $3,196.68 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,196.68
43757 11/21/2025 Open Accounts Payable BOSCO OIL INC DBA VALLEY OIL $12,108.26 Invoice Date Description Amount
234599 10/16/2025 Fleet- Diesel Fuel $1,937.07
236937 10/20/2025 Fleet - Fuel $8,396.43
237224 10/28/2025 Fleet - Diesel Fuel $1,774.76
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$12,108.26
43758 11/21/2025 Open Accounts Payable Christina Lopez $110.00 Invoice Date Description Amount
955292147-16 09/13/2025 Cell Phone Service Sept 14 - Oct 13 $55.00 955292147-17 10/13/2025 Cell Phone Service Oct 14 - Sept 13 $55.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$110.00
user: Indrani Sengupta Pages: 20 of 35 Monday, November 24, 2025 90 CC 12-16-2025
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43759 11/21/2025 Open Accounts Payable City of San Jose $85,989.81 Invoice Date Description Amount
1282141 11/13/2025 Animal Services 2025/10-12 $85,989.81 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$85,989.81
43760 11/21/2025 Open Accounts Payable Clay Planet $118.75 Invoice Date Description Amount
231486 10/31/2025 Wilson Park Ceramics; Clay Planet, Kiln Maintenance, $118.75
$118.75
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$118.75
43761 11/21/2025 Open Accounts Payable COLLEEN FERRIS $55.00 Invoice Date Description Amount
ColleenF101625 11/12/2025 cell phone service for Sept 17-Oct 16 $55.00 Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$55.00
43762 11/21/2025 Open Accounts Payable Craig Whittom Consulting $1,522.50 Invoice Date Description Amount
00126 11/02/2025 Negotiation of Law Enforcement Contract – October 2025 Services
$1,522.50
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,522.50
43763 11/21/2025 Open Accounts Payable Cumming Management Group, Inc $4,792.50 Invoice Date Description Amount
177501 09/30/2025 City Hall Annex Project through 09012025-09302025 $1,912.50 178641 09/30/2025 City Hall Project thru 09012025-09302025 $2,880.00 Paying Fund Cash Account Amount
420 - Capital Improvement Fund 420 100-100 (Cash & Investments Assets Operating Cash)
$4,792.50
43764 11/21/2025 Open Accounts Payable Cupertino Supply, Inc $8,247.72 Invoice Date Description Amount
400952 10/28/2025 Facilities- 4-Way Sillcock Key $7.75
400927 10/28/2025 Facilities- Metal Flex Risers, Brass Craft $27.78 400938 10/28/2025 Facilities- 6 ABS Plus $16.03
396040 10/28/2025 Facilities - Ice-Maker Filter $49.08
397421 10/29/2025 Water station- Memorial Park $8,147.08 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$100.64
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$8,147.08
43765 11/21/2025 Open Accounts Payable Dance Force LLC $1,825.20 Invoice Date Description Amount
11042025 11/04/2025 OCTOBER 2025 PROGRAM INSTRUCTION $1,825.20 user: Indrani Sengupta Pages: 21 of 35 Monday, November 24, 2025 91 CC 12-16-2025
91 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$1,825.20
43766 11/21/2025 Open Accounts Payable Dasher Technologies, Inc. $20,560.13 Invoice Date Description Amount
INV-0280674 08/29/2025 NASPO MA #AR2472 C: 7-17-70-40-05 6x firewalls $20,560.13 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$20,560.13
43767 11/21/2025 Open Accounts Payable Dominique Couto Cerdeiral $160.00 Invoice Date Description Amount
112125 DCC 11/12/2025 November payment $160.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$160.00
43768 11/21/2025 Open Accounts Payable EDGES ELECTRICAL GROUP $1,330.98 Invoice Date Description Amount
S6571769.002 10/28/2025 Facilities- Field Adj. Wall Pack $665.49 S6571769.001 10/22/2025 Facilities- Field Adj. Wall Pack $221.83 S6578784.001 10/30/2025 Facilities - RAB W22-M-100Field AdJ Wall Pack $221.83 S6578784.002 10/30/2025 Facilities - RAB W22-M-100Field AdJ Wall Pack $221.83 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,330.98
43769 11/21/2025 Open Accounts Payable Eflex Group, Inc $3,846.51 Invoice Date Description Amount
11142025 11/14/2025 FSA pp 11/1/25-11/14/25 $3,846.51
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,846.51
43770 11/21/2025 Open Accounts Payable Elena Valentina Pavel $152.00 Invoice Date Description Amount
112125 EVP 11/12/2025 November payment $152.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$152.00
43771 11/21/2025 Open Accounts Payable Enterprise FM Trust $572.73 Invoice Date Description Amount
FBN5483362 11/05/2025 Fleet - Nov 2025 Ford Escape $572.73 Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$572.73
43772 11/21/2025 Open Accounts Payable Ewing Irrigation Products Inc. $1,573.67 Invoice Date Description Amount
28005146 10/15/2025 Grounds - 202615 RB Diaph Assy $1,573.67 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,573.67
user: Indrani Sengupta Pages: 22 of 35 Monday, November 24, 2025 92 CC 12-16-2025
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43773 11/21/2025 Open Accounts Payable GARDENLAND POWER

EQUIPMENT
$154.99
Invoice Date Description Amount
1208174 10/28/2025 Fleet - Belt Cup, Ball Bearing Wheel, T-Nut $154.99 Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$154.99
43774 11/21/2025 Open Accounts Payable Geotab USA, Inc $2,349.00 Invoice Date Description Amount
IN457654 10/31/2025 FY26 Geotab for Telematics October 2025 $2,349.00 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$2,349.00
43775 11/21/2025 Open Accounts Payable Goldfarb & Lipman LLP $2,956.50 Invoice Date Description Amount
481608 03/10/2025 VALLCO SB 35 PROJECT IMPLEMENTATION - BMR HOUSING 2025.2
$2,956.50
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,956.50
43776 11/21/2025 Open Accounts Payable GovInvest Inc. $7,800.00 Invoice Date Description Amount
2025-6596 11/13/2025 FY24-25 GASB75 Full valuation $6,300.00 2025-6598 11/13/2025 FY24-25 GASB101 Comp Absences $1,500.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$7,800.00
43777 11/21/2025 Open Accounts Payable Grace Duval $784.00 Invoice Date Description Amount
112125 GD 11/12/2025 November payment $784.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$784.00
43778 11/21/2025 Open Accounts Payable GRAINGER INC $871.85 Invoice Date Description Amount
9694179202 10/30/2025 Facilities - Chrome Moen M-Power Faucet, Valves $836.76 9701302367 11/05/2025 Facilities- Smoke Detector Tester $35.09 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$871.85
43779 11/21/2025 Open Accounts Payable HdL Coren & Cone $5,387.80 Invoice Date Description Amount
SIN055786 10/29/2025 Contract Services Property Tax: OCT-DEC25 $5,387.80 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$5,387.80
user: Indrani Sengupta Pages: 23 of 35 Monday, November 24, 2025 93 CC 12-16-2025
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43780 11/21/2025 Open Accounts Payable Health and Human Resource Center, Inc.
$275.94
Invoice Date Description Amount
E0355130 10/01/2025 November 2025 EAP Benefit 188 Enrollees + P.Wu $275.94 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$275.94
43781 11/21/2025 Open Accounts Payable Health Care Employees $28,689.30 Invoice Date Description Amount
372116-372118 10/29/2025 November 2025 Dental Benefit 251 Enrollees $28,689.30 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$28,689.30
43782 11/21/2025 Open Accounts Payable HERITAGE LANDSCAPE SUPPLY GROUP
$2,012.84
Invoice Date Description Amount
0023875649-001 10/28/2025 Grounds - Shovel, Hose, Rake, Cement Pint, Pick-Up Stick, Cover
$2,012.84
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,012.84
43783 11/21/2025 Open Accounts Payable Hinderliter de Llamas & Associates $5,389.18 Invoice Date Description Amount
SIN054778 09/30/2025 Prof services JUL-SEP25 $5,389.18
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$5,389.18
43784 11/21/2025 Open Accounts Payable IFPTE LOCAL 21 $3,092.04 Invoice Date Description Amount
11142025 11/14/2025 Association Dues/Political Action Fund CEA pp 11/1/25-11/14/25
$3,092.04
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,092.04
43785 11/21/2025 Open Accounts Payable Impec Group Inc $74,674.17 Invoice Date Description Amount
2510141 10/31/2025 October 2025 Cleaning Services $74,674.17 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$64,813.17
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$1,200.00
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$8,661.00
43786 11/21/2025 Open Accounts Payable Independent Code Consultants, Inc. $91,587.89 Invoice Date Description Amount
2156 08/01/2025 Building Plan Review Services - 2025/7 $44,038.46 2157 08/01/2025 Building Permit Tech Services - 2025/7 $5,565.00 2181 10/01/2025 Building Plan Review Services - 2025/9 $39,481.93 user: Indrani Sengupta Pages: 24 of 35 Monday, November 24, 2025 94 CC 12-16-2025
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
2182 10/01/2025 Building Permit Tech Services - 2025/9 $980.00 2183 10/01/2025 Building Plan Review Services - Westport - 2025/9 $1,522.50 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$91,587.89
43787 11/21/2025 Open Accounts Payable Interstate Traffic Control Products, Inc.
$601.56
Invoice Date Description Amount
273054 10/31/2025 Streets - Preform Thermo 8' CCS STOP $601.56 Paying Fund Cash Account Amount
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$601.56
43788 11/21/2025 Open Accounts Payable Iron Mountain $5,175.92 Invoice Date Description Amount
KVKZ517 10/31/2025 Storage Period November 1-November 31, 2025 $5,175.92 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$5,175.92
43789 11/21/2025 Open Accounts Payable Jahara Pagadipaala $720.00 Invoice Date Description Amount
11042025 11/04/2025 OCTOBER 2025 PROGRAM INSTRUCTION $560.00 112125 JP 11/12/2025 November payment $160.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$160.00
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$560.00
43790 11/21/2025 Open Accounts Payable JAMES COLVIN $3,900.00 Invoice Date Description Amount
112125 JC 11/12/2025 November payment $3,900.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$3,900.00
43791 11/21/2025 Open Accounts Payable Jason Wong $55.00 Invoice Date Description Amount
JasonW11062025 11/06/2025 Cell Phone Reimbursement through 11062025 $55.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$55.00
43792 11/21/2025 Open Accounts Payable JENNIFER HILL $328.00 Invoice Date Description Amount
112125 JH 11/12/2025 November payment $328.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$328.00
43793 11/21/2025 Open Accounts Payable Jenny Tsai $234.00 Invoice Date Description Amount
11042025 11/04/2025 OCTOBER 2025 PROGRAM INSTRUCTION $234.00 user: Indrani Sengupta Pages: 25 of 35 Monday, November 24, 2025 95 CC 12-16-2025
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$234.00
43794 11/21/2025 Open Accounts Payable Karan Malhi $250.75 Invoice Date Description Amount
KARANM103025 10/30/2025 Travel Reimbursement for Code Conference 10.27.25-

10.30.25 $250.75
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$250.75
43795 11/21/2025 Open Accounts Payable KEVIN RIEDEN $55.00 Invoice Date Description Amount
KevinR10282025 10/28/2025 Cell phone reimbursement through 09292025- 10282025
$55.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$55.00
43796 11/21/2025 Open Accounts Payable KIMBALL-MIDWEST $167.67 Invoice Date Description Amount
103883559 10/28/2025 Streets - Flap Wheel, 3x1/16x3/8 SM2 T1 $167.67 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$167.67
43797 11/21/2025 Open Accounts Payable KRISTINA ALFARO $253.17 Invoice Date Description Amount
KA102525 10/25/2025 2025 ICMA Conf reimbursement $253.17 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$253.17
43798 11/21/2025 Open Accounts Payable Li-Fen Lin $280.00 Invoice Date Description Amount
112125 LFL 11/12/2025 November payment $280.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$280.00
43799 11/21/2025 Open Accounts Payable Life Insurance Company of North America
$8,469.90
Invoice Date Description Amount
15487_110125 11/13/2025 November 2025 New York Life $8,469.90 Paying Fund Cash Account Amount
641 - Compensated Absence/LTD 641 100-100 (Cash & Investments Assets Operating Cash)
$8,469.90
43800 11/21/2025 Open Accounts Payable Marble Bridge Funding Group, Inc. $29,775.00 Invoice Date Description Amount
5580 11/07/2025 FY26 AV Video Systems Maintenance and Repair - Sept. 2025
$8,175.00
5581 11/07/2025 FY26 AV Video Systems Maintenance and Repair Svcs Aug 2025
$7,600.00
user: Indrani Sengupta Pages: 26 of 35 Monday, November 24, 2025 96 CC 12-16-2025
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
5582 11/07/2025 FY26 AV Video Systems Maintenance and Repair Svcs Oct. 2025
$14,000.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$29,775.00
43801 11/21/2025 Open Accounts Payable Melissa Robertson $39.13 Invoice Date Description Amount
MelissaR110425 11/04/2025 Snacks for City Council Meeting on 11/4/2025 $39.13 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$39.13
43802 11/21/2025 Open Accounts Payable MissionSquare 300292 $7,762.53 Invoice Date Description Amount
11142025 11/14/2025 ICMA pp 11/1/25-11/14/25 $7,762.53
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$7,762.53
43803 11/21/2025 Open Accounts Payable NI Government Services Inc $158.08 Invoice Date Description Amount
25092907051 10/11/2025 Satellite Telephone & Data Services VEH #469 – Sept 2025
$79.04
25102907051 11/06/2025 Satellite Telephone & Data Services VEH #469 – October 2025
$79.04
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$158.08
43804 11/21/2025 Open Accounts Payable North American Youth Activities, LLC $3,381.30 Invoice Date Description Amount
11042025 11/04/2025 OCTOBER 2025 PROGRAM INSTRUCTION $3,381.30 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$3,381.30
43805 11/21/2025 Open Accounts Payable OmniData $2,338.33 Invoice Date Description Amount
INV00052168 10/31/2025 OmniData Ad-Hoc support Oct 2025 $2,338.33 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$2,338.33
43806 11/21/2025 Open Accounts Payable One Day Installation and Repairs, Inc $11,225.00 Invoice Date Description Amount
6749 11/06/2025 Facilities- Replace Damaged Westside Rain Gutter $11,225.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$11,225.00
43807 11/21/2025 Open Accounts Payable Pamela Wu $5,791.08 Invoice Date Description Amount
PW100725 10/07/2025 Kaiser HC reimbursement NOV25 $2,895.54 PW110725 11/07/2025 Kaiser HC reimbursement DEC25 $2,895.54 user: Indrani Sengupta Pages: 27 of 35 Monday, November 24, 2025 97 CC 12-16-2025
97 of 2165
Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$5,791.08
43808 11/21/2025 Open Accounts Payable Parinita Satpute $140.00 Invoice Date Description Amount
112125 PS 11/12/2025 November payment $140.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$140.00
43809 11/21/2025 Open Accounts Payable PARS/City of Cupertino $3,948.31 Invoice Date Description Amount
11142025 11/14/2025 PARS pp 11/1/25-11/14/25 $3,948.31
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,948.31
43810 11/21/2025 Open Accounts Payable Parts Authority, LLC $22.84 Invoice Date Description Amount
886022 11/03/2025 Fleet - Spark Plug $22.84
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$22.84
43811 11/21/2025 Open Accounts Payable PlaceWorks $8,061.25 Invoice Date Description Amount
COCU-35.0 - 5 10/31/2025 20807-20883 Stevens Creek Blvd. CEQA Services $5,236.25 COCU-36.0 - 3 10/31/2025 20045 & 20065 SCB New Townhome Developments CEQA Services
$2,825.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$8,061.25
43812 11/21/2025 Open Accounts Payable PLAN JPA $11,313.71 Invoice Date Description Amount
PLAN-0436 11/11/2025 General Liability Claims - October 2025 $11,313.71 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$11,313.71
43813 11/21/2025 Open Accounts Payable Primo Brands $96.44 Invoice Date Description Amount
15K0027344639 11/08/2025 City Hall Employee Drinking Water $96.44 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$96.44
43814 11/21/2025 Open Accounts Payable Primo Brands $182.35 Invoice Date Description Amount
05K8720137678 11/11/2025 Drinking Water for Service Center Acct 8720137678 $182.35 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$182.35
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43815 11/21/2025 Open Accounts Payable Primo Brands $11.90 Invoice Date Description Amount
05K8720330930 11/12/2025 Drinking Wtr- Sports Ctr Acct 8720330930 $11.90 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$11.90
43816 11/21/2025 Open Accounts Payable Primo Brands $247.57 Invoice Date Description Amount
05K8720330919 11/12/2025 Employee Drinking Water for QCC -Acct 8720330919 $247.57 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$247.57
43817 11/21/2025 Open Accounts Payable PRN Intermediate Holdco, Inc. $1,500.00 Invoice Date Description Amount
11062546289 11/06/2025 Proactive Ergo Eval $1,500.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,500.00
43818 11/21/2025 Open Accounts Payable Quadient Finance USA, Inc. $1,000.00 Invoice Date Description Amount
8702-11032025 11/03/2025 Postage fees for mailing machine-October 2025 $1,000.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,000.00
43819 11/21/2025 Open Accounts Payable Quartic Solutions $750.00 Invoice Date Description Amount
4662 11/06/2025 FY26 Quartic for GIS Support Oct. 2025 $750.00 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$750.00
43820 11/21/2025 Open Accounts Payable R & R INDUSTRIES, INC. $1,565.90 Invoice Date Description Amount
701714 10/23/2025 Multiple Divisions Safety Vest FY 25-26 $1,565.90 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,565.90
43821 11/21/2025 Open Accounts Payable Raychel Renee Balcioni Cruz $2,580.00 Invoice Date Description Amount
111225 RRBC 11/12/2025 November payment $2,580.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$2,580.00
43822 11/21/2025 Open Accounts Payable Recology South Bay $32,872.08 Invoice Date Description Amount
Oct-25 RY5 10/31/2025 City Payment to Recology Rate Year 5 (02/25-01/26)- Oct 2025
$32,872.08
Paying Fund Cash Account Amount
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$32,872.08
43823 11/21/2025 Open Accounts Payable Red Wing Business Advantage Account
$726.39
Invoice Date Description Amount
20251110074592 11/10/2025 Safety Boots- Manny Barragan, Adrian Sanchez $726.39 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$400.00
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$326.39
43824 11/21/2025 Open Accounts Payable Rise Housing Solutions, Inc $75,367.00 Invoice Date Description Amount
Cupertino - 054 10/31/2025 RISE Housing services for month of October 2025 $75,367.00 Paying Fund Cash Account Amount
265 - BMR Housing 265 100-100 (Cash & Investments Assets Operating Cash)
$75,367.00
43825 11/21/2025 Open Accounts Payable Safety Compliance Management, Inc. $238.40 Invoice Date Description Amount
HMS11511 12/03/2025 Online Hazardous Waste Generator (Title 22 California) Qty 2
$238.40
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$238.40
43826 11/21/2025 Open Accounts Payable Safety Compliance Management, Inc. $60.00 Invoice Date Description Amount
HMS11512 10/31/2025 Fall Protection - J.Ilnicki, D.Rodriguez, B.Bridge $60.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$60.00
43827 11/21/2025 Open Accounts Payable Safety Compliance Management, Inc. $48.00 Invoice Date Description Amount
HMS11513 10/31/2025 Heat Illness Prevention - D.Rodriguez, B.Bridge, A.Melendez
$48.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$48.00
43828 11/21/2025 Open Accounts Payable Safety Compliance Management, Inc. $120.00 Invoice Date Description Amount
HMS11514 10/31/2025 Respiratory Protection - Qty 6 $120.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$120.00
43829 11/21/2025 Open Accounts Payable Safety Compliance Management, Inc. $28.00 Invoice Date Description Amount
HMS11515 10/31/2025 Lockout / Tagout - N.Rodriguez $28.00 Paying Fund Cash Account Amount
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$28.00
43830 11/21/2025 Open Accounts Payable San Jose Conservation Corps & Charter School
$1,820.94
Invoice Date Description Amount
INV0119 10/31/2025 Compost site attendants- October 2025 $1,820.94 Paying Fund Cash Account Amount
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$1,820.94
43831 11/21/2025 Open Accounts Payable SCA of CA, LLC $36,237.00 Invoice Date Description Amount
CA25003328 10/31/2025 Street Sweeping- October 2025 $36,237.00 Paying Fund Cash Account Amount
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$18,118.50
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$18,118.50
43832 11/21/2025 Open Accounts Payable SONIA DOGRA $195.00 Invoice Date Description Amount
112125 SD 11/12/2025 November payment $195.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$195.00
43833 11/21/2025 Open Accounts Payable StudioX Archery $1,815.60 Invoice Date Description Amount
11042025 11/04/2025 OCTOBER 2025 PROGRAM INSTRUCTION $1,815.60 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$1,815.60
43834 11/21/2025 Open Accounts Payable SUNNYVALE FORD, INC. $64.38 Invoice Date Description Amount
265309FOW 10/22/2025 Fleet- HV Bumper $64.38
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$64.38
43835 11/21/2025 Open Accounts Payable Tanko Lighting $20,814.00 Invoice Date Description Amount
70347 08/31/2025 LED Streetlight Installation through August 2025 $20,814.00 Paying Fund Cash Account Amount
420 - Capital Improvement Fund 420 100-100 (Cash & Investments Assets Operating Cash)
$20,814.00
43836 11/21/2025 Open Accounts Payable The Bank of New York Mellon $1,500.00 Invoice Date Description Amount
00252-25-0075427 11/03/2025 COP 2020A Trustee Fee 10/22/25-10/21/26 $1,500.00 Paying Fund Cash Account Amount
365 - Public Facilities Corp 365 100-100 (Cash & Investments Assets Operating Cash)
$1,500.00
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
43837 11/21/2025 Open Accounts Payable THE HARTFORD $11,011.20 Invoice Date Description Amount
656345858393 11/13/2025 City of Cupertino Benefit -November 2025-Cust #003264250001
$11,011.20
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$11,011.20
43838 11/21/2025 Open Accounts Payable THE HARTFORD $316.89 Invoice Date Description Amount
756345861086 11/13/2025 City of Cupertino Benefit -November 2025-Cust #003264250002
$316.89
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$316.89
43839 11/21/2025 Open Accounts Payable The Pun Group, LLP $65,000.00 Invoice Date Description Amount
115698 10/31/2025 Audit of the City for the year ended June 30, 2025 Billing #4
$25,000.00
115607 09/30/2025 Audit of the City for the year ended June 30, 2025 billing #3
$40,000.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$65,000.00
43840 11/21/2025 Open Accounts Payable TJKM $237.65
Invoice Date Description Amount
0057010 11/09/2025 HSPI Roadway Safety Improvement Project thru 10012025-10312025
$237.65
Paying Fund Cash Account Amount
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$237.65
43841 11/21/2025 Open Accounts Payable Tomislav Stjepan Plese $1,260.00 Invoice Date Description Amount
112125 TSP 11/12/2025 November payment $1,260.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$1,260.00
43842 11/21/2025 Open Accounts Payable Toni Oasay-Anderson $316.75 Invoice Date Description Amount
TOA101425 10/14/2025 2025 MMANC Conf Reimbursement $316.75 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$316.75
43843 11/21/2025 Open Accounts Payable Tony Barakat $180.00 Invoice Date Description Amount
TonyB11032025 11/03/2025 Reimbursement for Civil Engineering License - Tony Barakat
$180.00
Paying Fund Cash Account Amount
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$180.00
43844 11/21/2025 Open Accounts Payable TPx Communications $1,982.75 Invoice Date Description Amount
187810507-0 10/31/2025 FY26 VoIP Telephone Services Oct 2025 $1,982.75 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$1,982.75
43845 11/21/2025 Open Accounts Payable United Site Services $380.90 Invoice Date Description Amount
114-14151528 10/31/2025 Portable toilet at compost site- Oct 2025 $380.90 Paying Fund Cash Account Amount
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$380.90
43846 11/21/2025 Open Accounts Payable US BANK $35,716.79 Invoice Date Description Amount
MarilynP110625 11/06/2025 6763 CC Charges $1,533.78
TravisW110625 11/06/2025 8746 CC Charges $33.06
ShawnT110625 11/06/2025 9157 CC Charges $340.57
DanielB110625 11/06/2025 8684 CC Charges $773.43
KevinG110625 11/06/2025 5856 CC Charges $269.91
BrantonC110625 11/06/2025 0233 CC Charges $454.79
JessicaJ110625 11/06/2025 5617 CC Charges $48.57
AlexG110625 11/06/2025 1741 CC Charges $2,300.00
JasonB110625 11/06/2025 3965 CC Charges $699.31
ColleenF112125 11/06/2025 0798 cc charges $1,103.23
AmandaH110625 11/06/2025 9326 CC Charges $282.28
CrystiG110625 11/06/2025 8774 CC Charges $253.07
DiegoZ110625 11/06/2025 8626 CC Charges $583.94
JerryA110625 11/06/2025 8636 CC Charges $90.00
RobertG110625 11/06/2025 0760 CC Charges $40.00
JonathanF110625 11/06/2025 3969 CC Charges $140.00
RicardoA110625 11/06/2025 9906 CC Charges $1,000.00
NathanV110625 11/06/2025 4299 CC Charges $1,092.35
DMilesS110625 11/06/2025 3659 CC Charges $179.84
MelissaR110625 11/06/2025 0572 CC Charges $533.54
LeungK110625 11/06/2025 1733 CC Charges $302.63
KrisG110625 11/14/2025 6959 CC Charges $900.04
RandyV110625 11/06/2025 6283 CC Charges $306.96
FrancesC110625 11/06/2025 4202 CC Charges $1,563.48
AndrewS110625 11/06/2025 9993 CC Charges $500.06
JimF110625 11/06/2025 2514 CC Charges $2,343.53
KenE110625 11/06/2025 6671 CC Charges $96.25
NatalyG110625 11/06/2025 8091 CC Charges $497.24
DS110625 11/06/2025 1586 CC Charges $408.86
FrankV11062025 11/06/2025 5849 CC Charges $790.00
SerenaT110625 11/06/2025 0982 CC Charges $2,470.64
BirgitW11062025 11/06/2025 0066 CC Charges $12.00
TommyY110625 11/06/2025 3675 CC Charges $1,973.18
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
JanetL112125 11/19/2025 9949 CC Charges $10,619.48
SelbyM11062025 11/06/2025 3544 CC Charges $272.99
RobertK110625 11/06/2025 7858 CC Charges $907.78
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$26,838.48
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$158.00
270 - Transportation Fund 270 100-100 (Cash & Investments Assets Operating Cash)
$1,615.43
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$2.23
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$315.41
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$1,151.80
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$1,740.18
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$2,302.85
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$1,592.41
43847 11/21/2025 Open Accounts Payable Vision Service Plan $2,303.94 Invoice Date Description Amount
823888566 10/19/2025 November 2025 Vision Benefit 141 Enrollees $2,303.94 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,303.94
43848 11/21/2025 Open Accounts Payable Vision Service Plan $862.20 Invoice Date Description Amount
823888576 10/19/2025 November 2025 Vision Benefit 45 Enrollees $862.20 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$862.20
43849 11/21/2025 Open Accounts Payable Vision Service Plan $980.40 Invoice Date Description Amount
823900125 10/21/2025 November 2025 Vision Benefit 60 Enrollees $980.40 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$980.40
43850 11/21/2025 Open Accounts Payable Zayo Group, LLC $3,282.58 Invoice Date Description Amount
2025110030583 11/01/2025 FY26 Disaster Recovery Telecom services Nov. 2025 $3,282.58 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$3,282.58
43851 11/21/2025 Open Accounts Payable The Bank of New York Mellon $238,300.00 Invoice Date Description Amount
6813-111225 11/12/2025 BNY Debt Service Payment $238,300.00 user: Indrani Sengupta Pages: 34 of 35 Monday, November 24, 2025 104 CC 12-16-2025
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Payment Register
City of Cupertino
From Payment Date: 11/8/2025 - To Payment Date: 11/21/2025 Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
365 - Public Facilities Corp 365 100-100 (Cash & Investments Assets Operating Cash)
$238,300.00
Type EFT Totals: 125 Transactions $1,938,730.79
Main Account - Main Checking Account Totals
Checks Status Count Transaction Amount Reconciled Amount Open 70 $417,249.53 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 70 $417,249.53 $0.00
EFTs Status Count Transaction Amount Reconciled Amount
Open 125 $1,938,730.79 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Total 125 $1,938,730.79 $0.00
All Status Count Transaction Amount Reconciled Amount
Open 195 $2,355,980.32 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 195 $2,355,980.32 $0.00
Grand Totals:

Checks Status Count Transaction Amount Reconciled Amount Open 70 $417,249.53 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 70 $417,249.53 $0.00
EFTs Status Count Transaction Amount Reconciled Amount
Open 125 $1,938,730.79 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Total 125 $1,938,730.79 $0.00
All Status Count Transaction Amount Reconciled Amount
Open 195 $2,355,980.32 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 195 $2,355,980.32 $0.00
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CITY OF CUPERTINO
Agenda Item
25-14643 Agenda Date:
12/16/2025 Agenda #: 5.

Subject: Receive the FY 2024-25 Annual Comprehensive Financial Report (ACFR) Receive the FY 2024-25 Annual Comprehensive Financial Report (ACFR) CITY OF CUPERTINO Page 1 of 1 Printed on 12/10/2025
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ADMINISTRATIVE SERVICES DEPARTMENT

CITY HALL
10300 TORRE AVENUE • CUPERTINO, CA 95014-3255
TELEPHONE: (408) 777-3220
CUPERTINO.GOV

CITY COUNCIL STAFF REPORT
Meeting: December 16, 2025
Subject
Receive the FY 2024-25 Annual Comprehensive Financial Report (ACFR) Recommended Action
Receive the FY 2024-25 Annual Comprehensive Financial Report (ACFR) Reasons for Recommendation
Background
The City of Cupertino is in the third year of a five-year contract with The Pun Group (TPG) for conducting its annual financial audits. Building upon the experience from the previous audit cycle, TPG and City staff have implemented enhanced efficiencies to streamline the audit process. These improvements have facilitated a more seamless and timely preparation of the Annual Comprehensive Financial Report (ACFR), ensuring that the City's financial statements are presented accurately and timely.

The annual audit is performed in accordance with the Governmental Accounting Standards Board (GASB) requirements and other applicable accounting principles.

Annual Comprehensive Financial Report
TPG audited the City’s accompanying financial statements as of and for the year ended June 30, 2025. During the audit, procedures were performed to obtain audit evidence regarding amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design appropriate audit procedures. Audit procedures are not designed to express an opinion on the effectiveness of the entity’s internal control.

TPG expressed an unmodified (or clean) opinion, stating “the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2025, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then 107
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ended in accordance with accounting principles generally accepted in the United States of America. (see FY 2024-25 ACFR, page 1).

TPG also issued an Independent Auditor’s Report on Internal Control Over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards (GAS Report). The purpose of this report is solely to describe the scope of the auditor’s testing of internal control over financial reporting and the results of that testing and not to provide an opinion on the effectiveness of the entity’s internal control or compliance. The report disclosed no instances of noncompliance or other matters required to be reported under Government Auditing Standard.

The ACFR for the fiscal year ended June 30, 2025, has been prepared in accordance with GASB requirements. The report provides a comprehensive overview of the City's financial position and includes the following sections:

Introductory Section: Offers general information about the City's structure and the nature of its operations.

Financial Section: Contains the independent auditor's report, management's discussion and analysis, basic financial statements, and supplementary information.

Statistical Section: Presents additional financial and demographic information to provide context for understanding the City's financial health.

On December 1, 2025, the City’s Audit Committee reviewed the ACFR and unanimously voted (4-0-1) to accept the financial report.

Next Steps
If the FY 2024-25 ACFR is received, the finalized report will be submitted to the Government Finance Officers Association (GFOA) for consideration for the Certificate of Achievement for Excellence in Financial Reporting. Additionally, the report will be provided to stakeholders, including rating agencies and other interested parties, to demonstrate the City’s financial accountability and transparency.

If the ACFR is not received, the City may fail to meet critical reporting deadlines, including the GFOA submission deadline of December 31 and the debt covenant reporting deadline of March 31. While infrequent delays in meeting these deadlines may not have material effects, a pattern of late submissions could negatively impact the City’s credit ratings, access to favorable financing terms, and reputation for sound financial management.
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Sustainability Impact
No sustainability impact.

Fiscal Impact
No fiscal impact.
_____________________________________
Prepared by: Jonathan Orozco, Finance Manager
Reviewed by: Kristina Alfaro, Director of Administrative Services Approved for Submission by: Tina Kapoor, City Manager
Attachments:

A – FY 2024-25 ACFR
B – FY 2024-25 GAS Report
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Fiscal Year 2024-2025
Annual Comprehensive Financial Report
City of Cupertino . 10300 Torre Avenue . Cupertino CA 95014 . cupertino.gov 110 CC 12-16-2025
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CITY OF CUPERTINO, CALIFORNIA

ANNUAL COMPREHENSIVE

FINANCIAL REPORT

WITH REPORTS ON AUDIT

BY INDEPENDENT

CERTIFIED PUBLIC ACCOUNTANTS

FOR THE YEAR ENDED
JUNE 30, 2025
Prepared by:

The City of Cupertino Administrative Services Department Finance Division
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City of Cupertino
Annual Comprehensive Financial Report
For the Year Ended June 30, 2025
Table of Contents
Page
INTRODUCTORY SECTION (Unaudited)
Letter of Transmittal ...................................................................................................................................................... i City Council and Directory of City Officials .............................................................................................................. vii Organizational Chart .................................................................................................................................................. viii Commissions and Committees ..................................................................................................................................... ix GFOA Certificate of Achievement for Excellence in Financial Reporting .................................................................. x

FINANCIAL SECTION
Independent Auditor’s Report on Financial Statements ......................................................................................... 1 Management’s Discussion and Analysis (Required Supplementary Information) (Unaudited) ......................... 5 Basic Financial Statements:

Government-Wide Financial Statements:

Statement of Net Position .............................................................................................................................. 20 Statement of Activities ................................................................................................................................... 22 Fund Financial Statements:

Governmental Fund Financial Statements:

Balance Sheet .......................................................................................................................................... 26 Reconciliation of the Governmental Funds Balance Sheet
to the Government-Wide Statement of Net Position ......................................................................... 29 Statement of Revenues, Expenditures, and Changes in Fund Balances ................................................... 30 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government-Wide Statement of Activities ...................................................................................................................... 32 Proprietary Fund Financial Statements:

Statement of Net Position ........................................................................................................................ 34 Statement of Revenues, Expenses, and Changes in Net Position ............................................................ 38 Statement of Cash Flows ......................................................................................................................... 40 Notes to the Basic Financial Statements ........................................................................................................... 49 114
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City of Cupertino
Annual Comprehensive Financial Report
For the Year Ended June 30, 2025
Table of Contents (Continued)
Page
FINANCIAL SECTION (Continued)
Required Supplementary Information (Unaudited)
Budgetary Comparison Schedule:

General Fund .................................................................................................................................................. 93 Transportation Special Revenue Fund ........................................................................................................... 94 Housing Development Special Revenue Fund ............................................................................................... 95 Notes to the Budgetary Comparison Schedules .................................................................................................. 97 Schedule of Changes in the Net Pension Liability and Related Ratios:

Agent Multiple Employer Defined Benefit Retirement Plan - Miscellaneous Plan ....................................... 98 Schedule of Contributions – Pensions:

Agent Multiple Employer Defined Benefit Retirement Plan - Miscellaneous Plan ..................................... 100 Schedule of Changes in the Net Other Postemployment Benefits Liability and Related Ratios .................... 102 Schedule of Contributions - Other Postemployment Benefits......................................................................... 104 Supplementary Information:

Other than the General Fund and Special Revenue Funds ................................................................................. 109 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual:

Public Facilities Corporation Debt Service Fund ......................................................................................... 111 Capital Improvement Projects Capital Projects Fund .................................................................................. 112 Nonmajor Governmental Funds:

Description of Nonmajor Governmental Funds ........................................................................................... 113 Combining Balance Sheet ............................................................................................................................ 114 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances .................................... 116 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual:

Storm Drain Improvement Special Revenue Fund ................................................................................ 118 Park Dedication Special Revenue Fund ................................................................................................ 119 Environmental Management/Clean Creeks Special Revenue Fund ...................................................... 120 Traffic Impact Special Revenue Fund ................................................................................................... 121 Stevens Creek Corridor Park Capital Projects Fund .............................................................................. 122 Nonmajor Enterprise Funds:

Combining Statement of Net Position.......................................................................................................... 125 Combining Statement of Revenues, Expenses and Changes in Net Position .............................................. 126 Combining Statement of Cash Flows ........................................................................................................... 127 Internal Service Funds:

Combining Statement of Net Position.......................................................................................................... 130 Combining Statement of Revenues, Expenses, and Changes in Net Position ............................................. 132 Combining Statement of Cash Flows ........................................................................................................... 134 115
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City of Cupertino
Annual Comprehensive Financial Report
For the Year Ended June 30, 2025
Table of Contents (Continued)
Page
STATISTICAL SECTION (Unaudited)
Description of Statistical Section Contents ............................................................................................................... 141 Financial Trends:

Net Position By Component – Last Ten Fiscal Years ........................................................................................... 142 Changes in Net Position - Expenses and Program Revenues – Last Ten Fiscal Years ......................................... 144 Fund Balances of Governmental Funds – Last Ten Fiscal Years .......................................................................... 148 Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years ....................................................... 150 Revenue Capacity:

Assessed and Estimated Actual Value of Taxable Property – Last Ten Fiscal Years ........................................... 152 Direct and Overlapping Property Tax Rates – Last Ten Fiscal Years ................................................................... 153 Principal Property Taxpayers – Current Year and Nine Years Ago ...................................................................... 154 Property Tax Levies and Collections – Last Ten Fiscal Years .............................................................................. 155 Debt Capacity:

Ratios of Outstanding Debt by Type – Last Ten Fiscal Years ............................................................................... 156 Direct and Overlapping Bonded Debt .................................................................................................................... 157 Legal Debt Margin Information – Last Ten Fiscal Years ...................................................................................... 158 Ratio of General Bonded Debt – Last Ten Fiscal Years ........................................................................................ 159 Demographic and Economic Information:

Demographic and Economic Statistics – Last Ten Fiscal Years ........................................................................... 160 Top 25 Sales Tax Producers .................................................................................................................................. 161 Operating Information:

Full-Time Equivalent City Employees by Function/Program – Last Ten Fiscal Years ........................................ 163 Operating Indicators by Function/Program – Last Ten Fiscal Years ..................................................................... 164 Capital Assets Statistics by Function/Program – Last Ten Fiscal Years ............................................................... 166 Community Economic Profile ................................................................................................................................. 169 116
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December 3, 2025
To the Citizens of Cupertino, Honorable Mayor,
Members of the City Council, and City Manager:

It is our pleasure to submit the Annual Comprehensive Financial Report (ACFR) for the City of Cupertino (the City), California for the fiscal year ended June 30, 2025. The report is prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) set by the Governmental Accounting Standards Board (GASB). The report presents City information on an entity-wide basis and a more detailed fund-level basis. The fund-level reports emphasize the City’s major funds. A Management Discussion and Analysis (MD&A) presents a comparative analysis of current and prior year results, changes in financial position, a comparison of actual versus budget, financial highlights, trends, and disclosure of any known significant events or decisions that affect the financial condition of the City. This transmittal letter is designed to complement the MD&A and should, therefore, be read in conjunction with it. The MD&A is required supplementary information and is found in the Financial Section of the ACFR.

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. To provide a reasonable basis for making these representations, management has established a comprehensive internal control framework that is designed to protect the City’s assets and provide sufficient, reliable information for the proper preparation of these financial statements. We believe the data is accurate in all material respects and is presented in a manner that fairly sets forth the City’s financial position. 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 ACFR includes all component units and funds of the City. It reports all activities for which the City is considered to be financially accountable. The general governmental funds support a full range of services, including law enforcement, community development, recreation, public works, public and environmental affairs, and general administration. Enterprise funds account for recreation and solid waste operations supported by user fees. This financial report incorporates data for the City of Cupertino and its component unit, 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 staggered four-year terms. The City Council appoints the City Manager who is responsible for the daily administration of City affairs. The City Council also appoints the City Attorney. The Director of Administrative Services shall also be appointed Treasurer per the Cupertino Municipal Code 2.48.020. All other employees are appointed by the City Manager.

CITY OF CUPERTINO

CITY HALL
10300 TORRE AVENUE • CUPERTINO, CA 95014-3202
(408) 777-CITY • WWW.CUPERTINO.ORG
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ECONOMIC CONDITIONS
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 13-square miles and is bordered by the cities of San Jose, Saratoga, Sunnyvale, Santa Clara, and Los Altos. It has a residential population of 59,831 (California Department of Finance, January 2025).

Situated at the west end of Silicon Valley, the City 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 is a major attraction for families wishing to settle in close proximity to high-wage jobs in Silicon Valley. The City recognizes the importance of quality school facilities and programs to all Cupertino residents and works in partnership with the schools in many programs affecting education and youth. National surveys rank the city high in education levels, average household incomes, and registered patent numbers, as well as one of the best cities in which to live and raise a family.

The City is world renowned as the home of high-tech giants, such as Apple, Inc. and Amazon, and as a community with stellar public schools. De Anza College, one of the largest single-campus community colleges in the country, is another major employer and a magnet for attracting local and international students. The City’s continued commitment to supporting a vibrant local community has resulted in an innovative environment for start-ups and growing companies to thrive. The City strives to retain and attract local companies through active outreach and a responsive and customer-oriented permitting process.

The City is excited to feature a number of new mixed-use development projects offering more retail and dining options, as well as providing additional housing opportunities to meet the needs of the growing community.

The Main Street and Nineteen800 mixed-use developments continue to offer a vibrant downtown area for the City, with a large selection of restaurants and retailers, including Alexander’s Steakhouse, Eureka!, Oren’s Hummus, Lazy Dog, Ippudo, HaiDiLao Hotpot Restaurant, Pressed Juicery, Orangetheory Fitness, 85 Degree Bakery, Somi Somi, Sul & Beans, Kura Sushi, Vitality Bowls, Holder's Country Inn, HEYTEA, Bishops Cuts/Color, Capezio, Pineapple Thai, Koi Palace Contempo, Pacific Catch, Philz Coffee, Meri West Bank, AT&T Store, The Original Facial Bar, Pizza My Heart, and Charles Schwab (formerly TD Ameritrade), . Housing, office, and a Residence Inn by Marriott and Main Street Cupertino Lofts are available to support the thriving area. Benihana, Bowlmor, and Cupertino Ice Center also serve as longtime anchors.

The limited construction of new retail and commercial development results in strengthening existing popular venues in Cupertino, including The Marketplace. The Marketplace has a variety of stores and restaurants popular with students, families, and working professionals. They include Sanrio (Hello Kitty), Kiddleton, Galpao Gaucho (Brazilian Steakhouse), Daiso, Marukai Groceries, Harumi Sushi, La Patisserie Bakery, Beard Papa’s, Legend’s Pizza, Icicles, Kong’s Tofu & BBQ, and One Pot Shabu Shabu.

Shopping center improvements to Cupertino Village reflect building upgrades and renovations, newly constructed buildings, parking, and open space. The shopping center is home to 99 Ranch Market, Duke of Edinburgh Pub & Restaurant, Ume Tea, Tofu Plus, Kira Kira Beauty, Ten Ren Tea, Fantasia Coffee & Tea, Happy Lemon, Shanghai Family Restaurant, and many other Asian restaurants, bakeries, and shops. 119
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The City features many other retail opportunities, including TJ Maxx and Home Goods, Whole Foods, Target, and over 180 restaurants to serve residents and the local workforce. There are seven hotels providing over 1,000 rooms, to serve the area: The Aloft Cupertino, Cupertino Hotel, Hilton Garden Inn, Juniper Hotel operated by Curio, Marriott Courtyard, the Residence Inn by Marriott, and Hyatt House.

The Homestead Square Shopping Center, located at Homestead Road and De Anza Boulevard, includes a Safeway, PGA Tour Superstore, Ulta Beauty, Ross, Pet Club, Michaels, FedEx, and numerous restaurants, such as Fish’s Wild, Pho Hoa Noodle Soup, Yayoi Teishoku Japanese Restaurant, and Chipotle.

Apple completed construction of its new corporate campus, Apple Park, which includes approximately 2.8 million square feet of office and R&D space north of Highway 280 between Wolfe Road and Tantau Avenue. A state-of-the-art Visitors Center, Observation Deck, flagship retail store and café offer the public a place to learn, explore, and shop.

California Department of Tax and Fee Administration (CDTFA) The City recently achieved a favorable resolution to a California Department of Tax and Fee Administration (CDTFA) audit involving a major sales taxpayer. In anticipation of a potentially adverse outcome, the City proactively established a $74.5 million Sales Tax Repayment Reserve to fully account for disputed revenues and accrued interest.

Following the October 2024 settlement, the City determined that the full reserve was no longer necessary.

Of the $74.5 million, $10.0 million was used to make an Additional Discretionary Payment (ADP) toward the City’s CalPERS Unfunded Accrued Liability, with the remaining $64.5 million transferred to a Future Use Reserve within the General Fund. This strategic action demonstrates the City’s commitment to responsible financial planning, reinforces long-term fiscal sustainability, and positions Cupertino to better manage future economic uncertainties.

Property Tax
According to the 2024-2025 Assessor’s Annual Report for Santa Clara County, Cupertino’s net assessment roll growth increased by nearly $1,413 million, or 4.4%, from the prior year. Residential use values increased 5.7%, a total of $1,147 million, and represented 81.2% of net positive growth experienced in the City. Commercial properties posted an increase of $225.1 million, or 2.5%, due to the movement of assets from the secured to the unsecured roll. The industrial properties reported growth of $115.8 million, or 7.7%, on the strength of parcels adding improvement values between tax years or tenants at these sites adding fixtures and business assets. Unsecured assets in Cupertino decreased by $64.7 million, or -5.7% due to the movement of assets from the secured to the unsecured roll, which contributed to the large growth in unsecured seen in the commercial use category.

Sales Tax
The City has experienced significant fluctuations in sales tax revenues over the past several fiscal years.

Revenues peaked at $42.6 million in FY 2020–21, driven by increased demand for technology and online purchases during the pandemic, particularly in the Business and Industry and State & County Pools categories. As in-person shopping resumed, sales tax revenues declined to $34.8 million in FY 2022–23 and further to $31.0 million in FY 2023–24, returning to pre-pandemic levels. 120
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Much of the initial growth during FY 2020–21 and FY 2021–22 was concentrated in the Business and Industry and State & County Pools categories. However, these groups returned to FY 2019–20 levels by FY 2022–23, with other industry segments showing modest but steady growth. In FY 2023–24, the Business and Industry group experienced the largest decline, which also negatively impacted the State and County Pools. FY 2024–25 continued this downward trend, primarily due to the resolution of the CDTFA audit, discussed in further detail below, and the resulting reallocation of sales taxes. Because State and County Pools are directly linked to the City's overall direct allocations, the pooled distributions also declined accordingly.

In FY 2024–25, the City’s sales tax revenue was comprised of eight major industry groups: Business and Industry and State & County Pools (73.7%), Restaurants and Hotels (13.0%), General Consumer Goods (6.3%), Fuel and Service Stations (3.2%), Food and Drugs (1.9%), Building and Construction (1.4%), and Autos and Transportation (0.3%). Due to confidentiality requirements, the percentage for State & County Pools is included within the Business and Industry category. These figures underscore the City’s continued reliance on technology-driven sectors while also highlighting the growing role of hospitality and retail industries in the City’s economic landscape.

Pension and Other Post-Employment Benefits (OPEB)
The City remains committed to responsibly managing its long‑term pension and retiree medical obligations.

As of the most recent CalPERS actuarial valuation (measured as of June 30, 2024), the City’s Miscellaneous Plan reported an unfunded accrued liability (UAL) of approximately $56.4 million and a funded status of

70.7%.

Despite external fiscal pressures, the City continues to address its pension and retiree medical obligations through disciplined, long-term financial planning. Cupertino proactively manages these commitments by implementing cost-control measures, such as reducing pension benefits for new hires under state law and increasing employee contributions. The City also leverages its Section 115 Pension Trust (established in FY 2017–18 as part of a pension rate stabilization strategy), which has received $16 million in contributions to date. This trust remains a critical tool for managing cost volatility and ensuring long-term sustainability.

In FY 2024–25, the City made an Additional Discretionary Payment (ADP) of $10.0 million directly to CalPERS to further reduce its unfunded liability. This payment is not reflected in the June 30, 2024 actuarial valuation, but it is expected to materially improve the City’s funded status in the next valuation cycle. The timing of this payment was fiscally advantageous, occurring in a year when CalPERS reported a preliminary investment return of 11.6%, significantly above its 6.8% assumed rate of return, helping the City achieve immediate and long‑term savings.

As of June 30, 2025, the City’s Net OPEB Asset stands at approximately $1.26 million, with a funded status of 103.0%. While the City has traditionally contributed annually to its retiree health plan trust, the City paused its contributions in FY 2022-23 to help balance potential General Fund deficits resulting from the CDTFA audit. This decision underscores Cupertino’s flexibility in addressing short-term fiscal challenges while remaining committed to the long-term sustainability of its OPEB obligations.

The City benefits from its contracted approach to public safety services, outsourcing police operations to the County Sheriff and fire protection to a special district. This structure avoids the significant pension and capital costs associated with operating its own public safety departments. Additionally, prudent financial practices, including maintaining robust reserves and implementing cost-saving measures, position Cupertino to navigate economic uncertainties effectively. 121
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ECONOMIC INITIATIVES
The City remains committed to fostering economic diversity and maintaining long-term fiscal sustainability. While Cupertino benefits from a thriving high-tech economy, led by major employers like Apple Inc., the City is focused on broadening its revenue base to enhance stability and growth.

This includes supporting the development of emerging industries, promoting local entrepreneurship, and investing in innovative infrastructure that attracts diverse businesses. By fostering a vibrant mix of industry sectors, from technology to retail and services, the City aims to create a resilient economy that can adapt to changing market conditions, ensuring sustained prosperity for the community and future generations.

ACCOUNTING AND BUDGETARY CONTROL
In developing and evaluating the City’s accounting system, consideration is given to the adequacy of internal accounting controls. The City’s 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 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 and fund balance 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.

SINGLE AUDIT
In accordance with the Single Audit Act of 1984 and the U.S. Office of Management and Budget’s Uniform Guidance, the City is required to undergo an annual Single Audit if total federal expenditures exceed $750,000 within a given fiscal year. In FY 2024–25, the City expended federal funds in excess of this threshold, primarily from the U.S. Department of Transportation passed through the California Department of Transportation (Caltrans), triggering the requirement for a Single Audit.

The Single Audit will commence upon completion of the Annual Comprehensive Financial Report (ACFR).

As prescribed by federal regulations, the Single Audit must be completed and submitted no later than nine months after the close of the fiscal year, ensuring continued transparency and compliance with federal grant requirements.

INDEPENDENT AUDIT
City ordinance requires an annual audit of the financial records by an independent certified public accounting firm selected by the City Council and its audit committee. The Pun Group LLP audited the City’s Basic Financial Statements, and their opinion thereon is included in the Financial Section of this report.
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CERTIFICATE OF ACHIEVEMENT
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Cupertino for its ACFR for the year ended June 30, 2024. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized ACFR. This report must satisfy both GAAP and applicable legal requirements.

ACKNOWLEDGMENTS
I would like to express my appreciation to City employees, department heads, the City Manager, members of the Audit Committee, and members of the City Council for their commitment to conducting the City’s financial operations in a responsible manner. Special thanks go to Jonathan Orozco, Richard Wong, Vi Tran, Min Zhao, Amber Chang, Janet Liang, Zeng Wang, and Jumaini Judoprasetijo of the Finance staff for their continued support, dedication, and efforts in the preparation and production of this report.

Reviewed by,
Kristina Alfaro
Director of Administrative Services
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Directory of City Officials
City Council
Liang Chao Kitty Moore
Mayor Vice Mayor
J.R. Fruen R "Ray" Wang
Council Member Council Member
Sheila Mohan
Council Member
Directory of City Officials
Tina Kapoor – Interim City Manager
Floy Andrews – Contract City Attorney
Kristina Alfaro – Director of Administrative Services
Ben Fu – Director of Community Development
Chad Mosley – Director of Public Works
Rachelle Sander – Director of Parks and Recreation
Teri Gerhardt – Chief Technology Officer
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City Organizational Chart
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Commissions and Committees

ARTS AND CULTURE

COMMISSION
Archana Panda
Susan Chen
David Wang
Kiran Varshneya Rohra
Gurmeet Lamba

AUDIT COMMITTEE
Kitty Moore
Eno Schmidt
Hanyan Wu
Sheila Mohan
William Wong

BICYCLE PEDESTRIAN

COMMISSION
Hervé Marcy
Gerhard Eschelbeck
Joel Wolf
Munisekaran Madhipatla
Ilango Ganga

ECONOMIC DEVELOPMENT

COMMITTEE
Vacant

HOUSING COMMISSION
Usha Narayan
Connie Cunningham
Elida" Lida" Xhindi
Vacant
Vacant

SUSTAINABILITY

COMMISSION
Alexander Fung
Conny Yang
Jack Carter
Susan Hansen
Sonali Padgaonkar

TEEN COMMISSION
Vinay Prakash
Anushree Misra
Brianna Su
Chelsea Lau
Harly Liu
Rusheel Deshmukh
Saanvi Halambi
Sumedha Kumar
Jonathan Gao

TECHNOLOGY, INFORMATION
& COMMUNICATIONS

COMMISSION
Balaram Donthi
Emma Shearin
Mukesh Garg
Prabir Mohanty
Sudeep Kumar

LIBRARY COMMISSION
Chandra Sakthivel
Janki Chokshi
Liyan Zhao
Minna Xu
Qin Pan

PARKS AND RECREATION

COMMISSION
Carol Stanek
Claudio Bono
Gopal Kumarappan
Sheela Sreekanth
Seema Swamy

PLANNING COMMISSION
Santosh Rao
David Fung
Seema Lindskog
Steven Scharf
Tracy Kosolcharoen

PUBLIC SAFETY COMMISSION
Nirmalendu Das
Ravi Kiran Singh Sapaharam
Sashikala Begur
Sidarth Rajaram
Gregory Klein
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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Cupertino
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2024
Executive Director/CEO
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6 Hutton Centre Drive, Suite 1200
Santa Ana, California 92707
INDEPENDENT AUDITOR’S REPORT
To the Honorable Mayor and the Members of the City Council of the City of Cupertino
Cupertino, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of City of Cupertino, California (the “City”) as of and for the year ended June 30, 2025, and the related notes to the basic financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2025, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Other Matters
Change in Accounting Principle - Implementation of GASB 101 As discussed in Note 1 to the basic financial statements, the City adopted new accounting guidance, Governmental Accounting Standards Board (“GASB”) Statement No. 101, Compensated absences. Our opinion is not modified with respect to this matter. The adoption of this standard resulted in the restatement of the City’s net position as of June 30, 2024.

Prior Period Adjustments
As discussed in the Note 15 to the basic financial statements, the City also recorded prior period adjustment in the governmental activities in the amount of $5,742,773 due to correction of recording capital assets. 128
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To the Honorable Mayor and the Members of the City Council of the City of Cupertino
Cupertino, California

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2 Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions.

Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards, we
• exercise professional judgment and maintain professional skepticism throughout the audit. • identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed. • evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
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To the Honorable Mayor and the Members of the City Council of the City of Cupertino
Cupertino, California

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3 Required Supplementary Information
Accounting principles generally accepted in the United States of America require that Management’s Discussion and Analysis, the Budgetary Comparison Schedules – General Fund and Major Special Revenue Funds, the Schedule of Changes in Net Pension Liability and Related Ratios, the Schedule of Contributions – Pensions, the Schedules of Changes in Net Other Postemployment Benefits Liability and Related Ratios, and the Schedule of Contributions – Other Postemployment Benefits as listed in the table of contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying combining and individual nonmajor fund financial statements are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual report. The other information comprises the Introductory Section and the Statistical Section are presented for purposes of additional analysis and are not a required part of the basic financial statements. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. 130
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To the Honorable Mayor and the Members of the City Council of the City of Cupertino
Cupertino, California

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4 Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 3, 2025, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Santa Ana, California
December 3, 2025
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CITY OF CUPERTINO
Management’s Discussion and Analysis (Unaudited)
For the Year Ended June 30, 2025
5 As management of the City of Cupertino (City), we offer readers of the City's financial statements this narrative overview and analysis of the financial activities for the fiscal year ended June 30, 2025 (FY 2024-25). Readers are encouraged to consider the following information in conjunction with the accompanying Transmittal Letter and Basic Financial Statements.

FINANCIAL HIGHLIGHTS
The comparisons provided in this discussion and analysis are between FY 2023-24 and FY 2024-25. All increases and decreases are expressed relative to FY 2023-2024 amounts. Financial highlights for FY 2024-25 are summarized below.

Details related to these highlights are found in the remaining sections of this analysis.

Government-wide
 The City's total net position, the amount by which total assets and deferred outflows of resources exceed total liabilities and deferred inflows of resources, equaled $460.8 million in FY 2024-25 and $430.5 million in FY 2023-

24.  Of this amount, $170.7 million is unrestricted and may be used to meet the City's ongoing obligations to residents and creditors at June 30, 2025. The remaining net position at June 30, 2025 is classified as net investment in capital assets of $212.5 million and restricted of $77.6 million.  The City's total net position increased by $30.3 million over FY 2023-24, and is largely attributed to revenues exceeding expenses as reported in the statement of activities. The remainder of this report will provide a more detailed analysis of the City's net position and operating activities that contributed to this increase.  In October 2023, the California Department of Tax and Fee Administration (CDTFA) issued its final audit determination regarding a major sales taxpayer, concluding that a substantial portion of sales tax revenues had been misallocated to Cupertino. In anticipation of this outcome, the City had proactively established a $74.5 million committed Sales Tax Repayment Reserve. Following settlement discussions and finalization of the agreement in September 2024, the City Council voted in October 2024 to reallocate the reserve funds: $10.0 million was used for an Additional Discretionary Payment (ADP) toward the City’s CalPERS Unfunded Accrued Liability (UAL), and the remaining $64.5 million was transferred to a newly established Future Use Reserve. These decisions are reflected in the FY 2024–25 financial statements and demonstrate the City’s continued fiscal prudence in addressing long-term liabilities and future needs.
 As interest rates began to decline during the fiscal year, the market value of the City’s investment portfolio improved. As of June 30, 2025, the City’s portfolio reached 100.5% of its book value, up from 98.1% the prior year, reflecting favorable market conditions and a recovering fixed-income environment. This resulted in a positive year-over-year mark-to-market adjustment of $5.7 million.  A prior period adjustment of $403,451 was recorded to implement GASB Statement No. 101, Compensated Absences. This adjustment ensures compliance with updated guidance for the recognition and measurement of compensated absences liabilities. Additional details are provided in Note 15 to the Basic Financial Statements.  A second prior period adjustment of $5,742,773 was made to recognize capital improvements performed by San Jose Water Company on City-owned water infrastructure. These improvements, which were previously unrecorded, are now included as part of the City's capital assets. Further information can be found in Note 15. 132
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Management’s Discussion and Analysis (Unaudited) (Continued) For the Year Ended June 30, 2025
6 Fund Level
 As of June 30, 2025, governmental funds report a combined fund balance of $265.0 million, an increase of $19.0 million from the prior year. Of this amount, $56.1 million is available for spending at the City's discretion (unassigned fund balance).
 As of June 30, 2025, the General Fund reports an ending fund balance of $181.8 million. Of this amount, $56.1 million is available for spending at the City's discretion (unassigned fund balance). Cash and investments of the General Fund total $188.1 million, which represents 103.5% of the General Fund's total fund balance.

OVERVIEW OF THE FINANCIAL STATEMENTS
The discussion and analysis are intended to serve as an introduction to the City’s Basic Financial Statements. The Basic Financial Statements are comprised of the Government-wide Financial Statements, the Fund Financial Statements, and the notes to the Basic Financial Statements. These two sets of financial statements provide two different views of the City’s financial activities and positions.

The Government-Wide Financial Statements provide a long-term view of the City’s activities as a whole and comprise the Statement of Net Position and the Statement of Activities. These statements are prepared on an accrual basis, which means they measure the flow of all economic resources of the City as a whole. The accrual basis of accounting is similar to the accounting used by most private sector companies. The Statement of Net Position provides information about the financial position of the City as a whole, including all its capital assets and long-term liabilities.

The Statement of Activities provides information about all the City’s revenues and expenses, with the emphasis on measuring net revenues and expenses for each of the City’s programs. The Statement of Activities explains in detail the change in net position for the year. Over time, increases or decreases in net position can be indicators of whether the financial condition of the City is improving or deteriorating.

All of the City’s activities are grouped into Governmental activities and Business-type activities, as explained below.

The Statement of Net Position and the Statement of Activities provide a summary of these two types of activities for the City as a whole.
 Governmental activities—Most of the City’s basic services are considered to be governmental activities, including public works, law enforcement, community development, recreation, public & environmental affairs, and general administration. These services are supported by general City revenues such as property, sales and other taxes, and by specific program revenues such as developer fees and grants.

The City’s governmental activities include the activities of a separate legal entity, the Cupertino Public Facilities Corporation (the “Corporation”), because the City is considered to be financially accountable for the Corporation.

The City leases its major facilities from the Corporation, which then uses the lease payments to pay principal and interest on the Corporation’s long-term debt.
 Business-type activities—All of the City’s enterprises are reported here, including solid waste management and most of the City’s recreational operations. Unlike governmental services, these services are supported by charges paid by users based on the amount of services used.
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Management’s Discussion and Analysis (Unaudited) (Continued) For the Year Ended June 30, 2025
7 The Fund Financial Statements report the City’s operations in more detail than the Government-wide Financial Statements and focus primarily on the short-term activities of the City’s General Fund and other major funds. The Fund Financial Statements provide detailed information about each of the City’s most significant funds, called major funds.

Cupertino’s Fund Financial Statements include governmental, enterprise and internal service funds as discussed below.

Each major fund is presented individually, with all non-major funds summarized and presented only in a single column.

Subordinate schedules, which follow the Notes to Basic Financial Statements, present the details of these non-major funds. Major funds present the significant activities of the City for the year and may change from year to year as a result of changes in the pattern of the City’s activities and public interest. For example, the Capital Improvement Projects Fund may or may not appear as a major fund depending on the volume of construction activity in a certain year.

Governmental Fund financial statements are prepared on a modified accrual basis, which means they measure only current financial resources and uses. They present essentially the same functions reported as governmental activities in the government-wide financial statements. However, capital assets and other long-lived assets, along with long-term liabilities, are not presented in the Governmental Fund financial statements. Reconciliations are provided to facilitate a comparison between governmental funds and governmental activity statements to allow a better understanding of the long-term impact of the government’s near-term financial decisions.

Comparisons of budget and actual financial information are included in the Basic Financial Statements for the General Fund and other major Special Revenue Funds. For other nonmajor funds, budgetary comparison schedules for these funds are included in this document as supplemental information only.

Enterprise and Internal Service Fund financial statements are prepared on a full accrual basis and include current and long-term assets and liabilities and deferred outflows and inflows of resources. Enterprise funds are used to report the same functions presented as business-type activities in the City-wide Financial Statements, and in more detail in the Fund Financial Statements.

Since the City’s Internal Service funds provide goods and services only to the City’s governmental and business-type activities, their activities are reported only in total at the fund level. Internal Service funds may not be major funds because their revenues are derived from other City funds. These revenues are eliminated in the City-wide financial statements and any related profits or losses are returned to the activities which created them, along with any residual net position of the Internal Service funds. For this City, internal service activities predominantly benefit governmental rather than business-type functions, and are therefore included within governmental activities in the Government-wide Financial Statements.

The Notes to Basic Financial Statements provide important additional detail that is essential to a full understanding of the data reported in the Government-wide and Fund Financial Statements. 134
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Management’s Discussion and Analysis (Unaudited) (Continued) For the Year Ended June 30, 2025
8 GOVERNMENT-WIDE FINANCIAL ANALYSIS
This analysis focuses on the net position and changes in net position of the City’s Governmental and Business-Type Activities as presented in the government-wide Statement of Net Position and the Statement of Activities.

Total assets increased by $38.1 million, primarily due to a $41.6 million increase in cash and investments. This growth reflects stronger operating results and cash retained from one-time revenues, including proceeds from the sale of City property and favorable investment performance.

Deferred outflows of resources increased by $5.2 million, mainly due to a $6.1 million increase in pension-related items.

This was partially offset by a $1.0 million reduction in OPEB-related deferrals.

Total liabilities decreased by $8.9 million, largely reflecting a combination of long-term and short-term reductions.

Long-term debt declined by $2.5 million due to scheduled debt service payments, while pension and OPEB liabilities decreased by $1.6 million and $2.4 million, respectively. Current liabilities also dropped by $6.4 million, driven by reductions in accounts payable and accrued liabilities. These decreases were partially offset by minor increases across other liability categories.

Deferred inflows of resources increased by $21.8 million, primarily due to a $20.3 million increase related to lease revenue recognition. This reflects the straight-line amortization of the $22.1 million concession fee received in October 2024 under a 12-year agreement, in accordance with applicable accounting standards.

Over time, net position may serve as a useful indicator of a City's financial position. At June 30, 2025, the City’s net position was $460.8 million, an increase of $30.3 million or 7.0%, over the net position of $430.5 million at June 30, 2024.
2025 2024* 2025 2024* 2025 2024*
Assets:

Current and other asset $ 327,584 $ 293,913 $ 10,485 $ 11,366 $ 338,069 $ 305,279 Capital assets, net 225,968 220,484 1,835 2,009 227,803 222,493 Total assets 553,552 514,397 12,320 13,375 565,872 527,772 Deferred Outflows of Resources:

Loss on refunding 137 120 - - 137 120
Related to Pension (Note 8) 22,070 16,410 1,320 872 23,390 17,282 Related to OPEB (Note 9) 4,725 5,693 372 378 5,097 6,071 Total deferred outflows of resources 26,931 22,223 1,692 1,250 28,623 23,473 Liabilities:

Long term debt 13,904 16,417 - - 13,904 16,417
Other liabilities 89,007 95,344 4,507 4,574 93,514 99,918 Total liabilities 102,911 111,761 4,507 4,574 107,418 116,335 Deferred Inflows of Resources:

Leases Receivable 2,321 22,667 - - 22,667 2,321
Related to Pension (Note 8) 34 82 2 4 36 86
Related to OPEB (Note 9) 3,274 1,857 258 123 3,532 1,980 Total deferred inflows of resources 25,975 4,260 260 127 26,235 4,387 Net Position:

Net Investment in capital assets 210,649 208,704 1,835 2,010 212,484 210,714 Restricted 77,671 73,407 - 107 77,671 73,514
Unrestricted 138,488 163,277 7,410 7,807 170,687 146,295 Total net position 451,597 $ 420,599 $ 9,245 $ 9,924 $ 460,842 $ 430,523 $ *2024 balances were restated due to prior period adjustments (see Note 15 for detail).

Table 1
Condensed Statement of Net Position
(in thousands)
Governmental Activities Business-Type Activities Totals 135
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Management’s Discussion and Analysis (Unaudited) (Continued) For the Year Ended June 30, 2025
9 The largest portion of the City's net position ($212.5 million or 46.1%) is its investment in capital assets (e.g., land, buildings, infrastructure, and equipment, right-to-use assets, etc.). The City uses capital assets to provide services to residents; consequently, these assets are not available for future spending. This category of net position increased mainly from ongoing pavement management improvements, an all-inclusive playground at Jollyman Park, and Regnart Road improvements.

The City's restricted net position totals $77.7 million (16.9% of total net position). Restricted net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of $170.7 million (37.0%) represents unrestricted net position; this category of net position may be used to meet the City's ongoing obligations to residents and creditors.

Total net position increased by $30.3 million from an excess of revenues over expenses. This net increase was reflected by an increase of $1.7 million, $4.2 million, and $24.4 million in net investments in capital assets, restricted net position and unrestricted net position, respectively. The excess of revenues over expenses will be analyzed in conjunction with the Statement of Activities.

The following is a summary of the government-wide Statement of Activities, which illustrates the City’s overall $30.3 million increase in net position resulting from program expenses being less than total program and general revenues. A discussion regarding significant changes in revenues and expenses follows the table.

Expenses: 2025 2024 2025 2024 2025 2024
Administration $ 6,608 $ 9,069 $ - $ - $ 6,608 $ 9,069
Law enforcement 17,387 16,682 - - 17,387 16,682
Innovation and Technology 3,127 3,127 - - 3,127 3,127
Administrative Services 7,557 8,166 - - 7,557 8,166
Parks and Recreation 9,250 7,195 5,139 6,181 14,389 13,376 Community Development 12,349 13,696 - - 12,349 13,696
Public Works 38,742 36,547 2,825 2,228 41,567 38,775
Interest on long-term debt 156 305 - - 156 305
Total expenses 95,176 94,787 7,964 8,409 103,140 103,196 Revenues:

Program revenues:

Charges for services 23,170 18,622 5,696 7,429 28,866 26,051 Operating grants and contributions 7,079 4,685 - - 7,079 4,685 Capital grants and contributions 6,136 3,666 - - 6,136 3,666 Total program revenues 36,385 26,973 5,696 7,429 42,081 34,402 General revenues:

Taxes:

Property tax 23,422 22,494 - - 23,422 22,494
Property tax in-lieu of motor vehicle fee 11,003 10,543 - - 11,003 10,543 Sales tax 17,484 30,961 - - 17,484 30,961
Transient occupancy tax 7,886 6,907 - - 7,886 6,907
Utility user tax 4,214 3,936 - - 4,214 3,936
Franchise tax 4,384 4,314 - - 4,384 4,314
Other taxes 3,669 1,971 - - 3,669 1,971
Intergovernmental, unrestricted:

Motor vehicle license fee 95 75 - - 95 75
Investment earnings 17,723 11,563 530 434 18,253 11,997 Miscellaneous 968 1,442 - - 968 1,442
Total general revenues 90,848 94,204 530 434 91,378 94,638 Total revenues 127,233 121,177 6,226 7,863 133,459 129,040 Excess of revenues over expenses 32,057 26,390 (1,738) (546) 30,319 25,844 Transfers (1,059) 20 1,059 (20) - -
Change in net position 30,998 26,410 (679) (566) 30,319 25,844 Beginning net position 420,599 388,109 9,924 10,425 430,523 398,534 Change in accounting principle (Note 15) - 338 - 65 - 403 Error corrections (Note 15) - 5,743 - - - 5,743
Ending net position $ 451,597 $ 420,599 $ 9,245 $ 9,924 $ 460,842 $ 430,523 Governmental Activities Business-Type Activities Total
Condensed Statement of Activities
(in thousands)
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Management’s Discussion and Analysis (Unaudited) (Continued) For the Year Ended June 30, 2025
10 Government-wide revenues totaled $133.5 million in FY 2024-25, an increase of $4.4 million (3.4%) compared to the prior year. This increase was driven by broad-based growth across most revenue categories, including a $6.3 million increase in investment income, $2.8 million in charges for services, $2.5 million in capital grants, and $2.4 million in operating grants. These gains were partially offset by a $13.5 million decline in sales tax revenue, primarily due to the tax reallocation required by the CDTFA audit.

The rise in investment income reflects both strong portfolio performance and unrealized mark-to-market gains resulting from improving bond valuations as interest rates began to decline.

The City’s largest revenue source continued to be property taxes and in-lieu motor vehicle fees, which comprised 25.8% of total revenue. Charges for services accounted for 21.6%, sales taxes contributed 13.1%, and investment income made up 13.7%. Grants and contributions represented 9.9%, while the remaining 15.9% came from other taxes and fees.

Government-wide expenses for all City programs and services totaled $103.1 million for the fiscal year ended June 30, 2025, representing a slight net decrease of $56.3 thousand (0.1%) from the prior year. This reflects an increase of $388.1 thousand in Governmental Activities and a decrease of $444.4 thousand in Business-Type Activities.

Expenses include adjustments for depreciation, long-term debt, and pension and OPEB costs. The most significant increases were in Law Enforcement ($0.7 million), Parks and Recreation ($1.0 million), and Public Works ($2.8 million), which were offset by reductions in Administration ($2.5 million), Administrative Services ($0.6 million), and Community Development ($1.3 million).

Public Works accounted for the largest share of expenses at 40.3%, followed by Law Enforcement at 16.9%, Parks and Recreation at 14.0%, Community Development at 12.0%, Administrative Services at 7.3%, Administration at 6.4%, Innovation and Technology at 3.0%, and Interest Expense at 0.2%.

Governmental activities contributed $32.1 million before transfers to the increase in net position resulting from revenues exceeding expenses. Governmental activities comprise the majority of the government-wide data, and explanations for changes in government-wide and governmental activities are often similar.

Revenues of governmental activities report a net increase over the prior year of $6.1 million (5.0%), to $127.2 million.

Approximately $6.1 million of this increase is related to interest income. Charges for service increased by $4.5 million.

Property tax revenue increased by $1.4 million, and operating and capital grants increased by $4.9 million. These increases were offset by a decrease in sales tax by 13.5 million.

Expenses of governmental activities increased by a net $389 thousand (0.41%). Expenses include interest, OPEB, and pension costs. The net increase is spread across the City's programs with Law Enforcement ($0.7 million), Parks and Recreation ($2.1 million), and Public Works ($2.2 million), which were offset by reductions in Administration ($2.5 million), Administrative Services ($0.6 million), and Community Development ($1.3 million). Interest expense and Innovation and Technology experienced a negligible change. 137
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Management’s Discussion and Analysis (Unaudited) (Continued) For the Year Ended June 30, 2025
11 The following two charts show the source and use of funds for Governmental Activities:
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Management’s Discussion and Analysis (Unaudited) (Continued) For the Year Ended June 30, 2025
12 Business-type activities include four enterprise funds, which support recreational and solid waste operations. These enterprise funds are operated similarly to private businesses, with the intent that the costs of providing services and facilities to the public are primarily funded through user fees. Additional detail can be found in the Major Proprietary Funds section of this report.

As of June 30, 2025, the net position for business-type activities totaled $9.2 million, reflecting a decrease of $0.6 million (or 6.2%) from the prior year, primarily due to operating costs exceeding revenues. Total revenues from business-type activities declined by $1.7 million (23.3%) to $7.9 million, while investment income rose by $0.1 million.

Operating expenses fell by $0.4 million, totaling $8.0 million for the year.

The operating loss was largely attributed to the Cupertino Sports Center, Recreation Programs, and Blackberry Farm.

Notably, the Sports Center renegotiated its service contracts to a net revenue model, in which contractor costs are excluded from gross revenues. This change is reflected in a $1.1 million decrease in reported revenue and a $1.3 million decrease in contract service expenses.

FUND FINANCIAL ANALYSIS
For FY 2024-25, the City included the following major governmental funds: General Fund, Transportation Special Revenue Fund, Housing Development Special Revenue Fund, Public Facilities Corporation Debt Service Fund, and the Capital Improvement Capital Projects Fund.

General Fund
The General Fund’s fund balance increased by $15.7 million. This increase was driven by total revenues and other financing sources of $115.4 million, which exceeded total expenditures of $86.4 million and transfers out of $13.2 million.

General Fund revenues increased by a net $1.4 million compared to FY 2023–24, while expenditures rose by $10.3 million year over year. However, actual expenditures were $6.6 million below budget. This variance is primarily attributed to personnel savings across all departments due to a high number of vacant positions, as operating budgets are prepared at full staffing levels.

Transportation
The Transportation Special Revenue Fund carried a June 30, 2025, ending fund balance of $13.3 million, decreasing by 2.7%, or $0.4 million from the beginning of the fiscal year. In recent years this fund has accumulated fund balance year over year. The current year’s decrease is primarily attributed to the progression of scheduled projects.

Housing Development
The Housing Development Special Revenue Fund carried a June 30, 2025, ending fund balance of $11.4 million, up

2.7%, or $0.3 million, from the beginning of the fiscal year.

Public Facilities Corporation
The Cupertino Public Facilities Corporation (PFC) is a legally separate component unit established to facilitate longterm debt financing for public capital improvements. The Corporation's financial activity is limited to servicing debt obligations and is reported within the Debt Service Fund.

As of June 30, 2025, the PFC had a fund balance of $0, reflecting a $250 decrease from the prior year. This zero balance is expected to remain consistent in future fiscal years in line with the Corporation’s intended structure and minimal activity level.
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Management’s Discussion and Analysis (Unaudited) (Continued) For the Year Ended June 30, 2025
13 For additional details regarding debt obligations administered through the Corporation, see the “Debt Administration” section.

Capital Improvement Projects
As of June 30, 2025, the Capital Improvement Projects Fund had an ending fund balance of $33.1 million, representing a $1.0 million increase from the prior fiscal year. This increase was primarily driven by transfers from the General Fund, partially offset by expenditures related to ongoing capital projects.

MAJOR PROPRIETARY FUNDS
Resource Recovery
The City has a solid waste franchise agreement with Recology that shares collection, landfill disposal, and recycling revenues and costs. This fund receives revenues from Recology with the funds going toward landfill costs, regulatory fees, and staffing costs that the City incurs to manage its solid waste, recycling, and household hazardous waste programs. Total operating revenue and expenses is at $1.8 million and $2.8 million, respectively. Considering net nonoperating revenues of $0.3 million and net transfers of $0.2 million, net position decreased by $0.5 million to an ending fund balance of $4.6 million.

Recreation Programs
This enterprise operates the Quinlan Community Center, Monta Vista Recreation Center, McClellan Ranch, Creekside Park building, eight school sites, and various parks. These programs generated approximately $2.0 million in revenues and program expenses of approximately $2.3 million. Considering net non-operating revenues of $0.1 million and net transfers of $0.1 million, the program experienced a net operating gain of $16.1 thousand. The fund ended the year with a net position of $2.8 million.

Cupertino Sports Center
The Cupertino Sports Center offers a broad range of health and wellness activities, including fitness classes, personal training, youth sports, and racquet sports such as tennis, pickleball, badminton, and table tennis. The program generated approximately $1.1 million in revenues and incurred $1.8 million in program expenses. After accounting for $43.1 thousand in net non-operating revenues and $527.8 thousand in net transfers, the program closed the year with a net operating loss of $110.4 thousand. The fund ended the fiscal year with a net position of $1.2 million.

NONMAJOR PROPRIETARY FUNDS
Blackberry Farm
The City-operated nine-hole Blackberry Farm Golf Course and Pro Shop is staffed by City employees and services all ages. For FY 2024–25, the fund recorded operating revenues of $733.6 thousand and operating expenses of $1.01 million. However, positive nonoperating revenues totaling $48.8 thousand helped offset the shortfall, resulting in a modest net position decrease of $50.0 thousand. The fund ended the fiscal year with a healthy net position of $708.8 thousand.
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Management’s Discussion and Analysis (Unaudited) (Continued) For the Year Ended June 30, 2025
14 GENERAL FUND BUDGETARY HIGHLIGHTS
For the fiscal year ended June 30, 2025, the General Fund’s original expenditure budget of $90.0 million was increased by $16.2 million through budget amendments, resulting in a final adopted budget of $106.2 million. Actual expenditures totaled $99.6 million, coming in $6.6 million under the final budget.

The majority of the budget adjustments were related to two key items: a $10.0 million Additional Discretionary Payment (ADP) toward the City’s CalPERS Unfunded Accrued Liability (UAL) and a $4.1 million transfer to the Capital Reserve to support future infrastructure investments.

CAPITAL ASSETS
At June 30, 2025, the City had $227.8 million, net of depreciation and amortization, invested in a broad range of capital assets used in governmental and business-type activities, as detailed in Note 6 to the Basic Financial Statements. This represents a slight decrease from the restated FY 2024 ending balance of $228.2 million. The prior year balance was adjusted by $5.7 million to recognize water infrastructure improvements performed by San Jose Water Company that were contributed to the City but previously unreported.

During FY 2025, the City sold a parcel of land on Byrne Avenue for $2.5 million. Excluding the effects of this land sale and the prior period adjustment, the City’s overall capital assets increased, reflecting its continued investment in capital projects related to street and transportation infrastructure, stormwater management, and the maintenance and enhancement of public facilities.

DEBT ADMINISTRATION
On September 29, 2020, the City of Cupertino successfully issued the 2020A Certificates of Participation (2020 COPs) to refund its 2012 COPs and achieve significant debt service savings. The 2020 COPs received strong investor interest, due to the City’s AA+ rating, its favorable name recognition, and advantageous market conditions. Investor demand exceeded available bonds by nearly eight times, allowing the underwriter to further reduce yields.

The refunding resulted in net present value savings of approximately $3.14 million (11.61% of refunded par) and a True Interest Cost (TIC) of 0.72%, compared to $2.26 million (8.36% of refunded par) when presented to Council on September 1, 2020. These savings translated into an annual reduction of approximately $494,000 in General Fund debt service costs over the next 10 years, or nearly $5 million in total.

As of June 30, 2025, the outstanding principal on the 2020 COPs was $11.92 million, with final maturity scheduled for June 1, 2030. More information can be found in Note 7 to the Basic Financial Statements. 2025 2024* 2025 2024 2025 2024
Land $ 64,787 $ 64,787 $ - $ - $ 64,787 $ 64,787
Easements 19,849 19,615 - - 19,849 19,615
Construction in progress 19,222 27,558 - 3 19,222 27,561 Buildings 8,599 11,967 1,450 1,540 10,049 13,507
Improvements other than buildings 19,457 15,431 352 419 19,809 15,850 Machinery and equipment 3,756 3,574 34 46 3,790 3,620
Roads, curbs, gutters, sidewalks, medians and bridges 76,270 69,403 - - 76,270 69,403 Streetlights 1,707 1,361 - - 1,707 1,361
Storm drain structures and mains 4,864 5,551 - - 4,864 5,551 Traffic signals 291 355 - - 291 355
Water infrastructure 5,898 5,339 - - 5,898 5,339
Right-to-use assets 1,268 1,287 - - 1,268 1,287
Total Governmental Activities $ 225,968 $ 226,227 $ 1,835 $ 2,009 $ 227,803 $ 228,236 *Updated to reflect prior period adjustment (see Note 15).

Total
Capital Assets, Net of Depreciation and Amortization
(in thousands)
Governmental Activities Business-Type Activities
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Management’s Discussion and Analysis (Unaudited) (Continued) For the Year Ended June 30, 2025
15 In addition to traditional long-term debt, the City is also required to recognize lease and subscription-based IT arrangement (SBITA) liabilities under GASB Statements No. 87 and 96, respectively. As of June 30, 2025, the lease liability totaled $8,561, down from $15,369 in the prior year, and the SBITA liability totaled $1,196,199, compared to $1,210,274 in FY 2023–24. These declines reflect scheduled payments based on the contracts. Additional information on these liabilities is provided in Note 7 to the Basic Financial Statements.

CONTACTING THE CITY’S FINANCIAL MANAGEMENT
This Annual Comprehensive Financial Report is intended to provide a general overview of the City’s finances. Further information can be provided by the City of Cupertino Finance Department, 10300 Torre Avenue, Cupertino CA 95014, phone (408) 777-3280, or by the City website at www.cupertino.gov. 142
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BASIC FINANCIAL STATEMENTS
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GOVERNMENT-WIDE

FINANCIAL STATEMENTS
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Governmental Business-Type
Activities Activities Total
ASSETS
Current assets:

Cash and investments (Note 2) 283,350,889 $ 10,083,012 $ 293,433,901 $ Receivables:

Accounts 7,790,052 239,056 8,029,108
Interest 70,308 4,133,216 4,203,524
Leases, due within one year (Note 4) 242,614 - 242,614
Inventories - 21,383 21,383
Prepaid items 28,055 - 28,055
Other assets - 3,884 3,884
Total current assets 295,570,093 10,392,376 305,962,469 Noncurrent assets:

Restricted cash and investments (Note 2) 24,320,860 - 24,320,860 Lease receivable, due in more than one year (Note 4) 1,917,636 - 1,917,636 Loans receivable, net (Note 3) 4,605,314 - 4,605,314
OPEB assets (Note 9) 1,169,899 92,166 1,262,065
Capital assets: (Note 6)
Capital assets, not being depreciated 103,857,846 - 103,857,846 Capital assets, being depreciated and amortized 122,109,910 1,835,040 123,944,950 Total noncurrent assets 257,981,465 1,927,206 259,908,671 Total assets 12,319,582 553,551,558 565,871,140

DEFERRED OUTFLOWS OF RESOURCES
Deferred charges on refunding 136,879 - 136,879
Related to pensions (Note 8) 22,069,534 1,319,645 23,389,179 Related to other postemployment benefits (Note 9) 4,724,864 372,227 5,097,091 Total deferred outflows of resources 1,691,872 26,931,277 28,623,149 City of Cupertino
Statement of Net Position
June 30, 2025
See accompanying Notes to the Basic Financial Statements. 20 147
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Governmental Business-Type
Activities Activities Total

LIABILITIES
Current liabilities:

Accounts payable and accruals 8,080,430 310,766 8,391,196 Accrued payroll and benefits 724,902 289 725,191
Deposits payable 10,904,750 - 10,904,750
Interest payable 39,717 - 39,717
Due to other government agency 3,286,175 - 3,286,175
Unearned revenues 5,261,473 793,930 6,055,403
Compensated absences, due within one year (Note 7) 857,020 118,507 975,527 Claims payable, due within one year (Note 10) 338,000 - 338,000 Lease liabilities, due within one year (Note 7) 6,844 - 6,844 Subscription liabilities, due within one year (Note 7) 685,571 - 685,571 Certificates of participation, due within one year (Note 7) 2,200,000 - 2,200,000 Total current liabilities 32,384,882 1,223,492 33,608,374 Noncurrent liabilities:

Compensated absences, due in more than one year (Note 7) 3,427,177 99,601 3,526,778 Claims payable, due in more than one year (Note 10) 1,638,731 - 1,638,731 Lease liabilities, due in more than one year (Note 7) 1,717 - 1,717 Subscription liabilities, due more than one year (Note 7) 510,628 - 510,628 Certificates of participation, due in more than one year (Note 7) 11,704,079 - 11,704,079 Aggregate net pension liabilities (Note 8) 53,244,043 3,183,722 56,427,765 Net other postemployment benefit liabilities (Note 9) - - - Total noncurrent liabilities 70,526,375 3,283,323 73,809,698 Total liabilities 4,506,815 102,911,257 107,418,072

DEFERRED INFLOWS OF RESOURCES
Leases related 22,667,158 - 22,667,158
Related to pensions (Note 8) 33,607 2,008 35,615
Related to other postemployment benefits (Note 9) 3,273,623 257,896 3,531,519 Total deferred inflows of resources 25,974,388 259,904 26,234,292

NET POSITION
Net investment in capital assets (Note 11) 210,649,411 1,835,040 212,484,451 Restricted for:

Public works 40,467,123 40,467,123 -
Affordable housing 11,401,135 11,401,135 -
Pension trust 24,320,860 24,320,860 -
Other purposes 1,481,643 - 1,481,643
Total restricted 77,670,761 77,670,761 -
Unrestricted 163,277,018 7,409,695 170,686,713
Total net position $ 451,597,190 $ 9,244,735 $ 460,841,925 June 30, 2025
Statement of Net Position (Continued)
City of Cupertino
See accompanying Notes to the Basic Financial Statements. 21 148
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Capital Grants
Charges for Operating Grants and
Expenses Services and Contributions Contributions
Functions/Programs
Governmental Activities:

Administration 6,607,845 $ 2,711,892 $ - $ - $
Law enforcement 17,386,971 485,514 1,438,433 -
Innovation and technology 3,126,745 - - -
Administrative services 7,557,365 7,878,626 - -
Recreation services 9,249,954 1,189,382 - -
Community development 12,348,713 7,390,115 245,751 -
Public works 38,742,291 3,514,553 5,394,847 6,136,022
Interest and fiscal charges 155,710 - - -
Total Governmental Activities 23,170,082 95,175,594 7,079,031 6,136,022 Business-Type Activities:

Resource recovery 2,825,410 1,799,649 - -
Cupertino sports center 1,826,303 1,144,857 - -
Recreation programs 2,307,538 2,017,910 - -
Blackberry farm 1,005,370 733,550 - -
Total Business-Type Activities 5,695,966 7,964,621 - -
Total Primary Government $ 28,866,048 103,140,215 $ 7,079,031 $ 6,136,022 $ City of Cupertino
Statement of Activities
For the Year Ended June 30, 2025
Program Revenues
See accompanying Notes to the Basic Financial Statements. 22 149
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Governmental Business-Type
Activities Activities Total
Functions/Programs
Governmental Activities:

Administration (3,895,953) $ - $ (3,895,953) $
Law enforcement (15,463,024) - (15,463,024)
Innovation and technology (3,126,745) - (3,126,745)
Administrative services 321,261 - 321,261
Recreation services (8,060,572) - (8,060,572)
Community development (4,712,847) - (4,712,847)
Public works (23,696,869) - (23,696,869)
Interest and fiscal charges (155,710) - (155,710)
Total Governmental Activities - (58,790,459) (58,790,459) Business-Type Activities:

Resource recovery - (1,025,761) (1,025,761)
Cupertino sports center - (681,446) (681,446)
Recreation programs - (289,628) (289,628)
Blackberry farm - (271,820) (271,820)
Total Business-Type Activities (2,268,655) - (2,268,655) Total Primary Government (2,268,655) (58,790,459) (61,059,114) General Revenues:

Taxes:

Property taxes 23,421,977 - 23,421,977
Property tax in lieu of motor vehicle fee 11,003,490 - 11,003,490 Sales taxes 17,484,041 - 17,484,041
Transient occupancy tax (TOT) 7,886,009 - 7,886,009
Utility user tax (UUT) 4,214,212 - 4,214,212
Franchise tax 4,383,827 - 4,383,827
Other taxes 3,668,729 - 3,668,729
Motor vehicle license fee 95,136 - 95,136
Investment earnings 17,722,521 530,199 18,252,720
Miscellaneous 967,701 - 967,701
Total General Revenues 90,847,643 530,199 91,377,842
Transfers (1,059,253) 1,059,253 -
Changes in Net Position 30,997,931 (679,203) 30,318,728 Net Position - Beginning of year, as previously reported 414,518,394 9,858,579 424,376,973 Change in accounting principle (GASB 101) (Note 15) 338,092 65,359 403,451 Errors corrections (Note 15) 5,742,773 - 5,742,773
Net Position - Beginning of year, as restated 420,599,259 9,923,938 430,523,197 Net Position - End of year $ 451,597,190 $ 9,244,735 $ 460,841,925 Net (Expense) Revenue and Changes in Net Position
City of Cupertino
Statement of Activities (Continued)
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements. 23 150
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Capital Improvement Projects Capital Projects Fund - This fund accounts for activities related to the acquisition or construction of major capital facilities.

GOVERNMENTAL FUND

FINANCIAL STATEMENTS
General Fund - This fund is the general operating fund of the City and is used to pay for core services such as public safety, parks and recreation, community development, public works, and a host of other vital services. The revenue used to pay for these services comes primarily from local taxes such as sales tax, property tax, franchise fees, charges for services, and a variety of other discretionary sources. It also accounts for activities related to the City’s investment portfolio. It is used to account for all financial resources except those that are required to be accounted for in another fund.

Transportation Special Revenue Fund - This fund accounts for the City's gas tax, vehicle registration fees, and grant 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 expenditures.

Housing Development Special Revenue Fund - This fund accounts for the Federal Housing and Community development Grant Program activities administered through the County, including rehabilitation loans. Monies collected from developers that mitigate the impact of housing needs are also included. Monies in this fund are governed by the program's rules.

Public Facilities Corporation Debt Service Fund - This fund accounts for the payments of principal and interest on certificates of participation issued to provide for the financing of the Civic Center, Library, Wilson Park, Memorial Park, and other City facilities.

In the Fund Financial Statements only individual major funds are presented, while nonmajor funds are combined in a single column.

Major funds are defined generally as having significant activities or balances in the current year.

The funds described below were determined to be Major Funds by the City. Individual nonmajor funds can be found in the Supplementary Section.
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Housing
General Transportation Development
ASSETS
Cash and investments (Note 2) 188,135,470 $ 14,064,499 $ 5,609,754 $ Restricted cash and investments (Note 2) 24,320,860 - - Receivables:

Accounts 1,830,861 4,109,660 61,311
Interest 97,546 2,193,325 1,607,158
Loans, net (Note 3) 422,800 - 4,182,514
Leases (Note 4) 2,160,250 - -
Due from other funds (Note 5) 1,390,420 - -
Advances to other funds (Note 5) 3,000,000 - -
Inventories - 21,383 -
Other assets - 3,884 -
Total assets 15,992,906 225,758,052 11,460,737

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable and accruals 6,018,370 1,179,336 59,602 Accrued payroll and benefits 724,830 - -
Advances from other funds (Note 5) - - -
Due to other government agency 3,286,175 - -
Deposits 10,904,750 - -
Unearned revenue 261,473 - -
Total liabilities 21,195,598 1,179,336 59,602
Deferred inflows of resources:

Lease related (Note 4) 22,667,158 - -
Unavailable revenue 58,036 1,548,530 -
Total deferred inflows of resources 22,725,194 1,548,530 - Fund balances: (Note 11)
Nonspendable 4,037,435 - -
Restricted 25,802,503 13,265,040 11,401,135
Committed 88,627,891 - -
Assigned 7,287,794 - -
Unassigned 56,081,637 - -
Total fund balances 181,837,260 13,265,040 11,401,135
Total liabilities, deferred inflows
of resources, and fund balances $ 225,758,052 $ 15,992,906 $ 11,460,737 (Continued)
Special Revenue Funds
City of Cupertino
Balance Sheet
June 30, 2025
Governmental Funds
See accompanying Notes to the Basic Financial Statements. 26 153
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Public Capital
Facilities Improvement
Corporation Projects Nonmajor Total
Debt Capital Governmental Governmental
Service Fund Projects Fund Funds Funds
ASSETS
Cash and investments (Note 2) $ 41,516,642 - $ $ 25,317,964 $ 274,644,329 Restricted cash and investments (Note 2) - - 24,320,860 - Receivables:

Accounts - 203,842 67,557 6,273,231
Interest - 174,994 - 4,073,023
Loans, net (Note 3) - - 4,605,314 -
Leases (Note 4) - - 2,160,250 -
Due from other funds (Note 5) - - 1,390,420 -
Advances to other funds (Note 5) - - 3,000,000 -
Inventories - - - 21,383
Other assets - - - 3,884
Total assets 41,720,484 - 25,560,515 320,492,694

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable and accruals 658,148 - 59,530 7,974,986 Accrued payroll and benefits - - 724,830 -
Advances from other funds (Note 5) 3,000,000 - 3,000,000 - Due to other government agency - - 3,286,175 -
Deposits - - 10,904,750 -
Unearned revenue 5,000,000 - 5,261,473 -
Total liabilities 8,658,148 - 59,530 31,152,214
Deferred inflows of resources:

Lease related (Note 4) - - - 22,667,158
Unavailable revenue - 3,842 52,743 1,663,151
Total deferred inflows of resources - 3,842 52,743 24,330,309 Fund balances: (Note 11)
Nonspendable - - 4,037,435 -
Restricted - 25,290,276 - 75,758,954
Committed - - 88,627,891 -
Assigned 33,058,494 - 157,966 40,504,254
Unassigned - - 56,081,637 -
Total fund balances 33,058,494 - 25,448,242 265,010,171 Total liabilities, deferred inflows
of resources, and fund balances $ 41,720,484 - $ $ 25,560,515 $ 320,492,694 (Concluded)
City of Cupertino
Balance Sheet (Continued)
Governmental Funds
June 30, 2025
See accompanying Notes to the Basic Financial Statements. 27 154
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Total Fund Balances - Total Governmental Funds $ 265,010,171 Nondepreciable, net of $267,710 reported in the Internal Service Fund 103,590,136 $ Depreciable and amortizable,
net of $2,394,502 reported in the Internal Service Fund 119,715,408 223,305,544 Bonds payable (11,915,000)
Premium on bonds payable (1,989,079)
Deferred charges on refunding 136,879
(1,055,905)
Interest payable (39,717)
(3,996,422)
Claims liability, net of $1,379,000 reported in the Internal Service Funds (19,456,975) (597,731) $ 20,650,649
(49,820,902)
(29,201,698) (31,445)
$ 4,452,107
1,102,362
2,469,826 (3,084,643)
1,663,151
7,807,171
Net Position of Governmental Activities $ 451,597,190
Long-term liabilities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities, both current and long-term, are reported in the Statement of Net Position:

Capital assets used in governmental activities were not current financial resources. Therefore, they were not reported in the Governmental Funds Balance Sheet.

Internal Service Funds were used by management to charge the costs of certain activities, such as insurance and equipment replacement to individual funds. The assets and liabilities of the Internal Service Funds were included in the governmental activities in the Government-Wide Statement of Net Position.

Revenue reported as unavailable revenue in the governmental funds when it is not received soon enough after year-end to be considered available. The availability criteria does not apply to the Government-Wide Financial Statements and, therefore, the revenue is recognized when eligibility requirements are met and earned.

Net pension liabilities and the related deferred outflows of resources and deferred inflows of resources are not due and payable in the current period or not available for current expenditures and are not reported in the governmental fund financial statements:

Net other postemployment benefit liability and the related deferred outflows of resources and deferred inflows of resources are not due and payable in the current period or not available for current expenditures and are not reported in the governmental fund financial statements:

Pension related deferred outflows of resources, net of $1,418,8853 reported in the Internal Service Funds
Pension related deferred inflows of resources, net of $2,162 reported in the Internal Service Funds
Aggregate net pension liability, net of $3,423,141 reported in the Internal Service Funds Subscription liabilities, net of $140,294 reported in the Internal Service Funds Compensated absences, net of $287,775 reported in the Internal Service Funds Other postemployment benefits related deferred outflows of resources, net of $272,757 reported in the Internal Service Funds
Other postemployment benefits related deferred inflows of resources, net of $188,980 reported in the Internal Service Funds
Net Other postemployment benefits assets , net of $67,537 reported in the Internal Service Funds
City of Cupertino
Reconciliation of the Governmental Funds Balance Sheet to the June 30, 2025
Government-Wide Statement of Net Position
Amounts reported for governmental activities in the Statement of Net Position were reported differently because:

See accompanying Notes to the Basic Financial Statements. 29 156
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Housing
General Transportation Development
Revenues:

Taxes $ - 70,837,599 $ 457,847 $
Use of money and property 14,804,318 748,039 351,276
Intergovernmental 2,962,429 5,649,963 241,797
Licenses and permits 5,755,842 - -
Charges for services 14,757,441 2,214 -
Fines and forfeitures 394,405 - -
Other revenue 2,056,694 3,433 -
Total revenues 6,403,649 111,568,728 1,050,920
Expenditures:

Current:

Administration 7,074,451 - -
Law enforcement 17,386,971 - -
Innovation and technology 3,241,574 - -
Administrative services 8,216,429 - -
Recreation services 7,612,682 - -
Community development 12,500,932 - 847,299
Public works 28,702,541 4,694,339 -
Capital outlay 1,108,602 3,996,786 -
Debt service:

Principal - 553,163 -
Interest and fiscal charges 14,498 - -
Total expenditures 8,691,125 86,411,843 847,299
Excess (deficiency) of revenues over
expenditures (2,287,476) 25,156,885 203,621
Other financing sources (uses):

Inception of subscription liability 523,417 - -
Proceeds from the sale of capital assets 2,912,435 - -
Transfers in (Note 5) 348,334 2,610,158 94,258
Transfers out (Note 5) (13,199,130) (693,000) -
Total other financing sources (uses) (9,414,944) 1,917,158 94,258 Net Change in Fund Balances 15,741,941 (370,318) 297,879 Fund balances:

Beginning of year 166,095,319 13,635,358 11,103,256
End of year $ 13,265,040 181,837,260 $ 11,401,135 $
(Continued)
Special Revenue Funds
City of Cupertino
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements. 30 157
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Public Capital
Facilities Improvement
Corporation Projects Nonmajor Total
Debt Capital Governmental Governmental
Service Fund Projects Fund Funds Funds
Revenues:

Taxes $ - $ - $ 1,097,721 $ 72,393,167
Use of money and property - 821,189 1,222,135 17,946,957 Intergovernmental - 2,656,151 11,510,340 -
Licenses and permits - - - 5,755,842
Charges for services - - 1,587,768 16,347,423
Fines and forfeitures - - 2,970 397,375
Other revenue - - 2,499 2,062,626
Total revenues - 3,477,340 3,913,093 126,413,730
Expenditures:

Current:

Administration 1,500 - - 7,075,951
Law enforcement - - 17,386,971 -
Innovation and technology - - - 3,241,574
Administrative services - - - 8,216,429
Recreation services - - - 7,612,682
Community development - - 13,348,231 -
Public works - - 2,046,348 35,443,228
Capital outlay - 6,057,035 126,040 11,288,463
Debt service:

Principal 2,115,000 - - 2,668,163
Interest and fiscal charges 561,200 - - 575,698
Total expenditures 2,677,700 6,057,035 2,172,388 106,857,390 Excess (deficiency) of revenues over
expenditures (2,677,700) (2,579,695) 1,740,705 19,556,340 Other financing sources (uses):

Inception of subscription liability - - - 523,417
Proceeds from the sale of capital assets - - - 2,912,435 Transfers in (Note 5) 2,677,450 4,763,000 470,443 10,963,643 Transfers out (Note 5) (1,095,914) - (15,000) (15,003,044) Total other financing sources (uses) 2,677,450 3,667,086 455,443 (603,549) Net Change in Fund Balances (250) 1,087,391 2,196,148 18,952,791 Fund balances:

Beginning of year 250 31,971,103 23,252,094 246,057,380 End of year $ 33,058,494 - $ 25,448,242 $ 265,010,171 $ (Concluded)
City of Cupertino
Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Governmental Funds
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements. 31 158
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Net Change in Fund Balances - Total Governmental Funds $ 18,952,791 Capital outlay, net of $264,441 reported in Internal Service Fund 11,234,197 $ Depreciation and amortization, net of $531,501 reported in Internal Service Funds (8,637,085) Net effect on disposal of capital assets (2,758,163) (161,051) 415,646
Bonds payable $ 2,115,000
Subscription liabilities, net of $125,986 reported in the Internal Service Funds 553,163 2,668,163 7,050
415,086
(523,417)
27,402
345,994
(199,144)
6,846,650
969,033
1,233,728

Change in Net Position of Governmental Activities $ 30,997,931 Capital assets used in governmental activities are not financial resources and therefore are not reported in governmental funds.

Governmental activities in the Statement of Activities were reported differently because:

City of Cupertino
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes For the Year Ended June 30, 2025
in Fund Balances to the Government-Wide Statement of Activities Internal Service Funds are used by management to charge the costs of certain activities, such as insurance and equipment replacement, to individual funds. The net revenue of the Internal Service Funds is reported in governmental activities.

Certain pension expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds, net of $725,075 reported in Internal Service Funds.

Certain OPEB expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds net of $43,662 reported in Internal Service Funds.

Compensated absences were reported in the Government-Wide Statement of Activities, but they did not require the use of current financial resources. Therefore, compensated absences were not reported as expenditures in the governmental funds.

Compensated absences is net of $92,654 reported in the Internal Service Funds.

Net change in revenues that was considered unavailable in the governmental funds. These items have been reported as revenue in the Statement of Activities.

Amortization of bond premium and deferred charges were recognized in interest expense on the Government-Wide Statement of Activities, but did not require the use of current financial resources. Therefore amortization of bond discount was not reported as an expenditure in the governmental funds.

Principal repayment on long-term debt is not an expense in the Statement of Activities, but is considered an expenditure in governmental funds.

Interest accrued on long-term debt is reported in the Statement of Activities, but does not require the use of current financial resources. Therefore, accrued interest is not reported as an expenditure in governmental funds. This amount represents the change in accrued interest from the prior year.

Certain claims expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds net of $106,000 reported in Internal Service Funds.

Inception of subscription liability, net of $175,435 reported in the Internal Service Funds.

Termination of subscription liability, net of $6,376 reported in the Internal Service Funds.

See accompanying Notes to the Basic Financial Statements. 32 159
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PROPRIETARY FUND

FINANCIAL STATEMENTS
Resources Recovery Fund - This fund accounts for activity related to the collection, disposal, and recycling of solid waste. A private company has been issued an exclusive franchise to perform these services.

Recreation Programs Fund - This fund accounts for activities of the City's community centers and park facilities.

Cupertino Sports Center Fund - This fund accounts for the operation and maintenance of the Cupertino Sports Center.

Proprietary funds account for City operations financed and operated a in manner similar to a private business enterprise. The intent of the City is that the cost of providing goods and services be financed primarily through user charges.

The City has identified the funds below as major proprietary funds for fiscal year 2024-2025. 33 160
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Cupertino
Resources Recreation Sports
Recovery Programs Center
ASSETS
Current assets:

Cash and investments (Note 2) 5,296,493 $ 3,148,094 $ 722,728 $ Accounts receivable 158,699 32,804 47,553
Interest receivable 36,993 21,888 5,004
Prepaid expense - - -
Total current assets 3,202,786 5,492,185 775,285
Noncurrent assets:

OPEB assets (Note 9) 26,153 31,788 24,548
Capital assets: (Note 6)
Nondepreciable - - -
Depreciable and amortizable, net - 596,575 1,115,343
Total noncurrent assets 628,363 26,153 1,139,891
Total assets 3,831,149 5,518,338 1,915,176

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions (Note 8) 543,436 351,173 267,279
Related to other postemployment benefit (Note 9) 105,622 128,382 99,142 Total deferred outflows of resources 479,555 649,058 366,421 (Continued)
Business-Type Activities - Enterprise Funds
City of Cupertino
Statement of Net Position
Proprietary Funds
June 30, 2025
See accompanying Notes to the Basic Financial Statements. 34 161
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Governmental
Activities
Nonmajor Internal
Enterprise Service
Fund Total Funds
ASSETS
Current assets:

Cash and investments (Note 2) $ 915,697 $ 10,083,012 $ 8,706,560 Accounts receivable - 239,056 1,516,821
Interest receivable 6,423 70,308 60,193
Prepaid expense - - 28,055
Total current assets 922,120 10,392,376 10,311,629
Noncurrent assets:

OPEB assets (Note 9) 9,677 92,166 67,537
Capital assets: (Note 6)
Nondepreciable - - 267,710
Depreciable and amortizable, net 123,122 1,835,040 2,394,502 Total noncurrent assets 132,799 1,927,206 2,729,749
Total assets 1,054,919 12,319,582 13,041,378

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions (Note 8) 157,757 1,319,645 1,418,885 Related to other postemployment benefit (Note 9) 39,081 372,227 272,757 Total deferred outflows of resources 196,838 1,691,872 1,691,642 (Continued)
Business-Type Activities
Enterprise Funds
City of Cupertino
Statement of Net Position (Continued)
Proprietary Funds
June 30, 2025
See accompanying Notes to the Basic Financial Statements. 35 162
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Cupertino
Resources Recreation Sports
Recovery Programs Center

LIABILITIES
Current liabilities:

Accounts payable and accruals 95,772 140,889 49,487
Accrued payroll and benefits 289 - -
Due to other funds - - -
Compensated absences, due within one year (Note 7) 73,635 6,212 38,660 Claims payable, due within one year (Note 10) - - -
Unearned revenue 391,291 - 318,805
Lease liabilities, due within one year (Note 7) - - -
Subscription liabilities, due within one year (Note 7) - - - Total current liabilities 538,392 169,696 406,952
Noncurrent liabilities:

Compensated absences, due more than one year (Note 7) 16,576 54,676 1,747 Claims payable, due more than one year (Note 10) - - -
Lease liabilities, due more than one year (Note 7) - - - Subscription liabilities, due more than one year (Note 7) - - - Net pension liabilities (Note 8) 1,311,070 847,225 644,828 Total noncurrent liabilities 901,901 1,327,646 646,575
Total liabilities 1,440,293 1,497,342 1,053,527

DEFERRED INFLOWS OF RESOURCES
Related to pensions (Note 8) 827 534 407
Related to other postemployment benefit (Note 9) 73,180 88,949 68,690 Total deferred inflows of resources 89,483 74,007 69,097

NET POSITION
Net investment in capital assets (Note 11) - 596,575 1,115,343 Unrestricted 2,184,353 4,596,047 43,630
Total net position $ 4,596,047 $ 2,780,928 $ 1,158,973
(Continued)
Business-Type Activities - Enterprise Funds
City of Cupertino
Statement of Net Position (Continued)
Proprietary Funds
June 30, 2025
See accompanying Notes to the Basic Financial Statements. 36 163
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Governmental
Activities
Nonmajor Internal
Enterprise Service
Fund Total Funds

LIABILITIES
Current liabilities:

Accounts payable and accruals 24,618 310,766 105,444
Accrued payroll and benefits - 289 72
Due to other funds - 1,390,420 -
Compensated absences, due within one year (Note 7) - 118,507 9,992 Claims payable, due within one year (Note 10) - - 248,000 Unearned revenue 83,834 793,930 -
Lease liabilities, due within one year (Note 7) - - 6,844 Subscription liabilities, due within one year (Note 7) - - 125,593 Total current liabilities 108,452 1,223,492 1,886,365
Noncurrent liabilities:

Compensated absences, due more than one year (Note 7) 26,602 99,601 277,783 Claims payable, due more than one year (Note 10) - 1,131,000 - Lease liabilities, due more than one year (Note 7) - - 1,717 Subscription liabilities, due more than one year (Note 7) - - 14,701 Net pension liabilities (Note 8) 380,599 3,183,722 3,423,141 Total noncurrent liabilities 407,201 3,283,323 4,848,342 Total liabilities 515,653 4,506,815 6,734,707

DEFERRED INFLOWS OF RESOURCES
Related to pensions (Note 8) 240 2,008 2,162
Related to other postemployment benefit (Note 9) 27,077 257,896 188,980 Total deferred inflows of resources 27,317 259,904 191,142

NET POSITION
Net investment in capital assets (Note 11) 123,122 1,835,040 2,513,357 Unrestricted 585,665 7,409,695 5,293,814
Total net position $ 708,787 $ 9,244,735 $ 7,807,171
(Concluded)
Business-Type Activities
Enterprise Funds
City of Cupertino
Statement of Net Position (Continued)
Proprietary Funds
June 30, 2025
See accompanying Notes to the Basic Financial Statements. 37 164
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OPERATING REVENUES:

Charges for services 1,799,449 $ 1,927,668 $ 863,579 $
Other 90,242 200 281,278
TOTAL OPERATING REVENUES 2,017,910 1,799,649 1,144,857
OPERATING EXPENSES:

Salaries and benefits 1,093,077 765,569 633,047
Materials and supplies 540,857 445,026 741,714
Contractual services 1,191,476 1,040,905 349,732
Insurance and claims and premium - - -
Depreciation and amortizaiton - 56,038 101,810
TOTAL OPERATING EXPENSES 2,307,538 2,825,410 1,826,303
OPERATING LOSS (289,628) (1,025,761) (681,446)
NONOPERATING REVENUES (EXPENSES):

Investment income 270,777 167,517 43,128
Gain on sale of capital assets - - -
Interest expense - - -
Total Nonoperating Income (Expenses) 270,777 167,517 43,128 NET LOSS BEFORE TRANSFERS (754,984) (122,111) (638,318) TRANSFERS:

Transfers in (Note 5) 220,143 138,195 527,885
TOTAL TRANSFERS 220,143 138,195 527,885
CHANGES IN NET POSITION (534,841) 16,084 (110,433)
NET POSITION:

Beginning of year, as previously reported 5,122,605 2,753,355 1,225,464 Change in accounting principle (GASB 101) 8,283 11,489 43,942 Beginning of year, as restated (Note 15) 5,130,888 2,764,844 1,269,406 End of year $ 4,596,047 $ 2,780,928 $ 1,158,973
(Continued)
Business-Type Activities - Enterprise Funds
City of Cupertino
Statement of Revenues, Expenses, and Changes in Net Position Proprietary Funds
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements. 38 165
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Governmental
Activities
Nonmajor Internal
Enterprise Service
Fund Total Funds
OPERATING REVENUES:

Charges for services $ 674,474 $ 5,265,170 $ 5,284,825
Other 59,076 430,796 156,004
TOTAL OPERATING REVENUES 733,550 5,695,966 5,440,829
OPERATING EXPENSES:

Salaries and benefits 441,044 2,932,737 3,646,864
Materials and supplies 283,674 2,011,271 1,362,319
Contractual services 264,120 2,846,233 624,706
Insurance and claims and premium - 1,437,114 -
Depreciation and amortizaiton 16,532 174,380 531,501
TOTAL OPERATING EXPENSES 1,005,370 7,964,621 7,602,504
OPERATING LOSS (271,820) (2,268,655) (2,161,675)
NONOPERATING REVENUES (EXPENSES):

Investment income 48,777 530,199 403,402
Gain on sale of capital assets - - 14,001
Interest expense - - (2,148)
Total Nonoperating Income (Expenses) 48,777 530,199 415,255 NET LOSS BEFORE TRANSFERS (223,043) (1,738,456) (1,746,420) TRANSFERS:

Transfers in (Note 5) 173,030 1,059,253 2,980,148
TOTAL TRANSFERS 173,030 1,059,253 2,980,148
CHANGES IN NET POSITION (50,013) (679,203) 1,233,728
NET POSITION:

Beginning of year, as previously reported 757,155 9,858,579 6,528,882 Change in accounting principle (GASB 101) 1,645 65,359 44,561 Beginning of year, as restated (Note 15) 758,800 9,923,938 6,573,443 End of year $ 708,787 $ 9,244,735 $ 7,807,171
(Concluded)
Enterprise Funds
City of Cupertino
Statement of Revenues, Expenses, and Changes in Net Position (Continued) Proprietary Funds
For the Year Ended June 30, 2025
Business-Type Activities
See accompanying Notes to the Basic Financial Statements. 39 166
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CASH FLOWS FROM OPERATING: ACTIVITIES
Cash received from customers and users 2,424,396 $ 1,975,177 $ 1,138,339 $ Cash paid to suppliers for goods and services (1,622,961) (1,717,146) (1,074,460) Cash paid to employees for services (1,107,405) (926,737) (759,853) Cash paid to insurance claims - - -
Net Cash (Used in) Operating Activities (574,521) (400,155) (695,974)

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Cash received from (paid to) other funds 220,143 138,195 527,885 Net Cash Provided by (Used in)
Noncapital Financing Activities 138,195 220,143 527,885

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Acquisition of capital assets - - -
Principal paid - - -
Interest paid - - -
Proceed from sale of capital assets - - -
Net Cash (Used in) Capital and
Related Financing Activities - - -

CASH FLOWS FROM INVESTING
ACTIVITIES:

Investment income 266,115 167,145 43,123
Net Cash Provided by Investing Activities 167,145 266,115 43,123 Net Change In Cash and Cash Equivalents (269,181) 86,103 (124,966) CASH AND CASH EQUIVALENTS:

Beginning of year 5,210,390 3,417,275 847,694
End of year $ 5,296,493 $ 3,148,094 $ 722,728
CASH AND CASH EQUIVALENTS:

Cash and investments $ 5,296,493 $ 722,728 3,148,094 $
Total cash and cash equivalents $ 5,296,493 $ 3,148,094 $ 722,728 (Continued)
Business-Type Activities - Enterprise Funds
City of Cupertino
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements. 40 167
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Governmental
Activities
Nonmajor Internal
Enterprise Service
Fund Total Funds
CASH FLOWS FROM OPERATING: ACTIVITIES
Cash received from customers and users $ 707,881 $ 6,245,793 $ 5,311,967 Cash paid to suppliers for goods and services (562,498) (4,977,065) (3,515,148) Cash paid to employees for services (385,130) (3,179,125) (4,508,255) Cash paid to insurance claims - - 106,000
Net Cash (Used in) Operating Activities (239,747) (1,910,397) (2,605,436)

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Cash received from (paid to) other funds 173,030 1,059,253 2,968,621 Net Cash Provided by (Used in)
Noncapital Financing Activities 173,030 1,059,253 2,968,621

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Acquisition of capital assets - - (264,441)
Principal paid - - (132,794)
Interest paid - - (2,148)
Proceed from sale of capital assets - - 14,001
Net Cash (Used in) Capital and
Related Financing Activities - - (385,382)

CASH FLOWS FROM INVESTING
ACTIVITIES:

Investment income 48,164 524,547 399,119
Net Cash Provided by Investing Activities 524,547 48,164 399,119 Net Change In Cash and Cash Equivalents (326,597) (18,553) 376,922 CASH AND CASH EQUIVALENTS:

Beginning of year 934,250 10,409,609 8,329,638
End of year $ 10,083,012 915,697 $ 8,706,560 $
CASH AND CASH EQUIVALENTS:

Cash and investments 915,697 $ 10,083,012 $ 8,706,560 $ Total cash and cash equivalents $ 10,083,012 915,697 $ 8,706,560 $ (Concluded)
Enterprise Funds
Business-Type Activities
City of Cupertino
Statement of Cash Flows (Continued)
Proprietary Funds
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements. 41 168
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Reconciliation of Operating Income (Loss) to
Net Cash Provided by (Used in) Operating Activities:

Operating income (loss) (1,025,761) $ (289,628) $ (681,446) $ Adjustments to reconcile to net cash provided by
Operating activities:

Depreciation and amortization - 56,038 101,810
Changes in assets and liabilities:
(Increase)/decrease in accounts receivables 624,747 31,137 (6,253) (Increase)/decrease in prepaid expense - - -
(Increase)/decrease in deferred outflows of resources
related to pensions (231,696) (78,350) (52,200)
(Increase)/decrease in deferred outflows of resources
related to other postemployment benefit 252 10,816 7,348 Increase/(decrease) in accounts payable 15,187 (137,030) 16,986 Increase/(decrease) in unearned revenue - (73,870) (265) Increase/(decrease) in compensated absences (17,393) 18,881 28,433 Increase/(decrease) in claims payable - - -
Increase/(decrease) in net pension liabilities 264,178 (68,972) (77,454) Increase/(decrease) in other postemployment benefit liabilities (assets) (67,586) (86,262) (66,222) Increase/(decrease) in deferred inflows of resources
related to pensions (733) (832) (670)
Increase/(decrease) in deferred inflows of resources
related to other postemployment benefit 38,650 43,551 33,959 Net Cash Provided by (Used in) Operating Activities $ (574,521) (400,155) $ (695,974) $ NONCASH ITEMS:

Acquisition of subscription assets $ - - $ - $
Issuance of subscription liabilities $ - - $ - $
Termination of subscription liabilities $ - - $ - $
(Continued)
City of Cupertino
For the Year Ended June 30, 2025
Business-Type Activities - Enterprise Funds
Statement of Cash Flows (Continued)
Proprietary Funds
See accompanying Notes to the Basic Financial Statements. 42 169
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Governmental
Activities
Nonmajor Internal
Enterprise Service
Fund Total Funds
Reconciliation of Operating Income (Loss) to
Net Cash Provided by (Used in) Operating Activities:

Operating income (loss) $ (271,820) $ (2,268,655) $ (2,161,675) Adjustments to reconcile to net cash provided by
Operating activities:

Depreciation and amortization 16,532 174,380 531,501
Changes in assets and liabilities: -
(Increase)/decrease in accounts receivables 2,534 652,165 (128,862) (Increase)/decrease in prepaid expense - - (23,375)
(Increase)/decrease in deferred outflows of resources
related to pensions (85,089) (447,335) (263,052)
(Increase)/decrease in deferred outflows of resources
related to other postemployment benefit (12,904) 5,512 108,294 Increase/(decrease) in accounts payable (14,704) (119,561) (67,634) Increase/(decrease) in unearned revenue (28,203) (102,338) Increase/(decrease) in compensated absences 18,847 48,768 (92,654) Increase/(decrease) in claims payable - - 106,000
Increase/(decrease) in net pension liabilities 136,565 254,317 (458,400) Increase/(decrease) in other postemployment benefit liabilities (assets) (19,921) (239,991) (216,659) Increase/(decrease) in deferred inflows of resources
related to pensions (124) (2,359) (3,623)
Increase/(decrease) in deferred inflows of resources -
related to other postemployment benefit 18,540 134,700 64,703 Net Cash Provided by (Used in) Operating Activities $ (1,910,397) (239,747) $ (2,605,436) $ NONCASH ITEMS:

Acquisition of subscription assets $ - - $ (175,435) $
Issuance of subscription liabilities $ - - $ 175,435 $
Termination of subscription liabilities $ - - $ (6,376) $ (Concluded)
City of Cupertino
For the Year Ended June 30, 2025
Business-Type Activities
Enterprise Funds
Statement of Cash Flows (Continued)
Proprietary Funds
See accompanying Notes to the Basic Financial Statements. 43 170
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45 NOTES TO THE BASIC FINANCIAL STATEMENTS
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City of Cupertino
Index to the Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
47 Page
Note 1 – Summary of Significant Accounting Policies ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 49 A. Financial Reporting Entity ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 49 B. Basis of Presentation ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 50 C. Measurement Focus, Basis of Accounting and Financial Statements Presentation ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 50 D. Cash, Cash Equivalents, and Investments ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 53 E. Fair Value Measurements ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 54 F. Receivables ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 54 G. Lease Receivable ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 54 H. Inventories ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 55 I. Prepaid Items ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 55 J. Interfund Transactions ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 55 K. Capital Assets ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 55 L. Deferred Outflows of Resources and Deferred Inflows of Resourcesꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 56 M. Interest Payable ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 57 N. Unearned Revenue ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 57 O. Compensated Absences ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 57 P. Claims and Judgement Payable ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 57 Q. Lease Liabilities ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 57 R. Subscription Liabilities ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 58 S. Long-Term Debt ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 59 T. Pensions ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 59 U. Other Postemployment Benefits (“OPEB”) Plan ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 59 V. Net Position ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 60 W. Fund Balancesꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 60 X. Property Taxes ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 61 Y. Use of Estimates ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 61 Z. Implementation of New GASB Pronouncements ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 62 AA. Upcoming New GANB Pronouncements ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 62 Note 2 – Cash and Investments ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 62 A. Deposits ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 63 B. Investments Authorized by the California Government Code and the City’s Investment Policy ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 64 C. Investments Authorized by Debt Agreements ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 65 D. Risk Disclosures ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 65 E. Investment in Local Agency Investment Fund (LAIF) ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 67 F. Fair Value Measurement Disclosure ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 67 Note 3 – Loans Receivable ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 68 Note 4 – Leases Receivableꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 68 Note 5 – Interfund Transactionsꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 69 A. Advances ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 69 B. Due from and to other Funds ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 69 C. Transfers In and Out ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 70 174
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Index to the Notes to the Basic Financial Statements (Continued) For the Year Ended June 30, 2025
48 Page
Note 6 – Capital Assetsꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 71 A. Governmental Activities ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 71 B. Business-Type Activities ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 72 Note 7 – Long-Term Liabilities ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 73 A. Governmental Activities ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 73 B. Business-Type Activities ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 75 Note 8 – Defined Benefit Pension Planꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 75 A. General Information about the Pension Plan ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 75 B. Net Pension Liability ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 77 C. Changes in the Net Pension Liability ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 79 Note 9 – Other Post Employment Benefits (OPEB)ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 81 A. General Information about the OPEB Plan ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 81 B. Net OPEB Liability (Asset) ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 82 C. Change in Net OPEB Liability (Asset) ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 84 D. OPEB Expense and Deferred Inflows of Resources Related to OPEB ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 85 Note 10 – Liabilities Under Self-Insurance and Risk Management ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 86 Note 11 – Net Position and Fund Balances ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 87 A. Net Investment in Capital Assetsꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 87 B. Fund Balance Classifications ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 87 Note 12 – Commitments and Contingenciesꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 88 A. Federal and State Grants ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 88 B. Encumbrances ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 88 C. Consulting Agreement for Sales Taxes ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 88 D. Santa Clara County Vehicle Registration Fee (VRF) ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 88 E. California Department of Tax and Fee Administration (“CDTFA”) Local Tax Reallocation ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 89 Note 13 – Concentration Risk ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 89 Note 14 – Stewardship, Compliance and Accountability ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 89 A. Deficit Fund Balance/Net Position ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 89 B. Excess of Expenditures over Appropriations ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 89 Note 15 – Restatements and Prior Period Adjustments of Beginning Net Position and Fund Balance ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 90 175
CC 12-16-2025
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City of Cupertino
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
49 Note 1 – Summary of Significant Accounting Policies
A. Financial Reporting Entity
The City of Cupertino, California (the “City”) was incorporated on October 3, 1955, under the laws of the State of California. The City operates under a Council - City Manager form of government and provides services through the following departments: Administrative Services, Community Development, City Manager, Parks and Recreation, Public and Environmental Affairs, and Public Works. 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 Recology for garbage and recycling services.

The accompanying basic financial statements include all funds and boards and commissions that are controlled by the City Council. The basic financial statements include the City's blended component unit 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
In evaluating how to define the City for financial reporting purposes, management has considered all potential component units. The primary criteria for including a potential component unit within the reporting entity are the governing body’s financial accountability and a financial benefit or burden relationship and whether it is misleading to exclude. A primary government is financially accountable and shares a financial benefit or burden relationship, if it appoints a voting majority of an organization’s governing body and it is able to impose its will on the organization, or if there is a potential for the organization to provide specific financial benefits to, or impose specific financial burdens on the primary government. A primary government may also be financially accountable if an organization is fiscally dependent on the primary government regardless of whether the organization has a separately elected governing board, a governing board appointed by a higher level of government, or a jointly appointed board, and there is a potential for the organization to provide specific financial benefits to, or impose specific financial burdens on the primary government.

Although the following is legally separate from the City, it has been “blended” as though it is part of the City because the component unit’s governing body is substantially the same as the City’s and there is a financial benefit or burden relationship between the City and the component unit; management of the City has operational responsibilities for the component unit; and/or the component unit provides services entirely, or almost entirely, to the City or otherwise exclusively, or almost exclusively, benefits the City, even though it does not provide services directly to it.

The Cupertino Public Facilities Corporation (the “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 solely 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 Corporation does not issue separate financial statements, since it is reported separately in the City's basic financial statements.

The City had no discretely presented component units.
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
50 Note 1 – Summary of Significant Accounting Policies (Continued) B. Basis of Presentation
Financial statement presentation follows the recommendations promulgated by the Governmental Accounting Standards Board (“GASB”) commonly referred to as accounting principles generally accepted in the United States of America (“U.S. GAAP”). GASB is the accepted standard-setting body for establishing governmental accounting and financial reporting standards.

C. Measurement Focus, Basis of Accounting and Financial Statements Presentation The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for by providing a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Fund accounting segregates funds according to their intended purpose and is used to aid management in demonstrating compliance with finance-related legal and contractual provisions. The minimum number of funds is maintained in accordance with legal and managerial requirements.

Government-Wide Statements
The City’s Government-Wide Financial Statements include a Statement of Net Position and a Statement of Activities. These statements present summaries of governmental and business-type activities for the City accompanied by a total column. Fiduciary activities of the City are not included in these statements.

These financial statements are presented on an “economic resources” measurement focus and the accrual basis of accounting. Accordingly, all of the City’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources, including capital assets, as well as infrastructure assets, and long-term liabilities, are included in the accompanying Statement of Net Position. The Statement of Activities presents changes in net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred.

Certain types of transactions are reported as program revenues for the City in three categories:
 Charges for services
 Operating grants and contributions
 Capital grants and contributions
Certain eliminations have been made in regards to interfund activities, payables and receivables. All internal balances in the Statement of Net Position have been eliminated except those representing balances between the governmental activities and the business-type activities, which are presented as internal balances and eliminated in the total primary government column. In the Statement of Activities and Changes in Net Position, internal service fund transactions have been eliminated; however, those transactions between governmental and business-type activities have not been eliminated. The following interfund activities have been eliminated:
 Advance from/to other funds
 Due to/from other funds
 Transfers in/out
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
51 Note 1 – Summary of Significant Accounting Policies (Continued) C. Measurement Focus, Basis of Accounting and Financial Statements Presentation (Continued) Governmental Fund Financial Statements
Governmental Fund Financial Statements include a Balance Sheet and a Statement of Revenues, Expenditures and Changes in Fund Balances for all major governmental funds and nonmajor funds aggregated. An accompanying schedule is presented to reconcile and explain the differences in net position as presented in these statements to the net position presented in the Government-Wide Financial Statements. The City has presented all major funds that met the applicable criteria.

All governmental funds are accounted for on a spending or "current financial resources" measurement focus and the modified accrual basis of accounting. Accordingly, only current assets and current liabilities are included on the Balance Sheet. The Statement of Revenues, Expenditures and Changes in Fund Balances presents increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets.

Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both “measurable” and “available” to finance expenditures of the current period.

Revenues are recognized as soon as they are both “measurable” and “available”. Revenues are considered to be available when they are collectible within the current period as soon enough thereafter to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. The primary revenue sources, which have been treated as susceptible to accrual by the City, are property taxes, sales tax, intergovernmental revenues and other taxes. Expenditures are recorded in the accounting period in which the related fund liability is incurred.

The Reconciliation of the Fund Financial Statements to the Government-Wide Financial Statements is provided to explain the differences.

The City reports the following major Governmental Funds:
 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.  Transportation Special Revenue Fund - The Transportation Special Revenue Fund accounts for the City's gas tax, vehicle registration fees and grant 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. Management considers this fund qualitatively major and has elected to present this fund as such, even if mathematically it does not qualify per applicable GASB requirements.  Housing Development Special Revenue Fund - The Housing Development Special Revenue Fund accounts for the Federal Housing and Community Development Grant Program activities administered through the County.

Monies collected from developers that mitigate the impact of housing needs are also included. Monies in this fund are governed by the program's rules. Management considers this fund qualitatively major and has elected to present this fund as such, even if mathematically it does not qualify per applicable GASB requirements.  Public Facilities Corporation Debt Service Fund - The Public Facilities Corporation Debt Service Fund accounts for the payments of principal and interest on certificates of participation issued to provide for the financing of City Hall, Library, Wilson Park, Memorial Park, and other City facilities. Management considers this fund qualitatively major and has elected to present this fund as such, even if mathematically it does not qualify per applicable GASB requirements.
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
52 Note 1 – Summary of Significant Accounting Policies (Continued) C. Measurement Focus, Basis of Accounting and Financial Statements Presentation (Continued) Governmental Fund Financial Statements (Continued)
 Capital Improvement Projects Capital Projects Fund - The Capital Improvement Projects Capital Projects Fund Accounts for activities related to the acquisition or construction of major capital facilities.

Proprietary Fund Financial Statements
Proprietary Fund Financial Statements include a Statement of Net Position, a Statement of Revenues, Expenses and Changes in Fund Net Position, and a Statement of Cash Flows for each major Proprietary Fund.

A separate column representing internal service funds is also presented in these statements. However, internal service balances and activities have been combined with the governmental activities in the Government-Wide Financial Statements. The City’s internal service funds include two individual funds which provide services directly to other City funds. These areas of service include Central Garage and Print Shop.

Proprietary funds are accounted for using the "economic resources" measurement focus and the accrual basis of accounting. Accordingly, all assets and liabilities (whether current or noncurrent) are included on the Statement of Net Position. The Statement of Revenues, Expenses and Changes in Fund Net Position presents increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred.

In these funds, receivables have been recorded as revenue and provisions have been made for uncollectible amounts.

Operating revenues in the proprietary funds are those revenues that are generated from the primary operations of the fund. All other revenues are reported as nonoperating revenues. Operating expenses are those expenses that are essential to the primary operations of the fund. All other expenses are reported as nonoperating expenses.

The City reports the following major proprietary funds:
 Resources Recovery Enterprise Fund - The Resources Recovery Enterprise Fund accounts for activity related to the collection, disposal, and recycling of solid waste. A private company has been issued an exclusive franchise to perform these services.
 Recreation Programs Enterprise Fund - The Recreation Programs Enterprise Fund accounts for activities of the City's community centers and park facilities.
 Cupertino Sports Center Enterprise Fund - The Cupertino Sports Center Enterprise Fund accounts for activities of the City’s sports center facility.

The City also reports the following fund as proprietary fund type:
 Internal Service Funds - These funds account for management information systems maintenance and replacement, workers' compensation, equipment maintenance and replacement, accrued leave payouts, and long-term disability, retiree health costs, coverage which are provided to other departments on a costreimbursement basis. 179
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
53 Note 1 – Summary of Significant Accounting Policies (Continued) C. Measurement Focus, Basis of Accounting and Financial Statements Presentation (Continued) Basis of Accounting
The government-wide and proprietary financial statements are reported using the economic resources measurement focus and the full accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place.

Governmental funds are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available. The City considers all revenues reported in the governmental funds to be available if the revenues are collected within sixty days after year-end. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on long-term debt which are recognized as expenditures to the extent the City has provided financial resources to a debt service fund for payment of these liabilities that mature early in the following year. General capital asset acquisitions are reported as expenditures in governmental funds. Proceeds from long-term debt and acquisitions under capital leases are reported as other financing sources.

Unearned revenues are considered on both the full accrual basis and the modified accrual basis, while unavailable revenues are based on the modified accrual measure.

Property taxes, transient occupancy taxes, utility taxes, franchise taxes, interest and special assessments are susceptible to accrual. Other receipts and taxes are recognized as revenue when the cash is received. Sales taxes collected and held by the state at year end on behalf of the City are also recognized as revenue. Sales tax consultant payments which are contingent on revenues collected are netted against the related revenues.

Under the terms of grant agreements, the City may fund certain programs with a combination of cost reimbursement grants, categorical block grants, and general revenue. The City's policy is to first apply restricted grant resources to such programs, followed by general revenues if necessary. Grant revenues are recognized after eligibility and billing occurs, but may be a deferred inflow if not received within sixty days of year-end. Because of the costreimbursement and recognition nature of some grants, certain capital project funds may carry deficit fund balances until billing and receipt of grants. The City may also front the capital outlays with cash advances from other funds.

Non-exchange transactions, in which the City gives or receives value without directly receiving or giving equal value in exchange, include property taxes, grants, entitlements, and donations. On the accrual basis, revenue from property taxes is recognized in the fiscal year for which the taxes are levied or assessed. Revenue from grants is recognized as described above. Entitlement and donation revenues are recognized when cash is received.

D. Cash, Cash Equivalents, and Investments
The City pools its cash resources, consisting of cash and investments, of all funds for investment except for restricted funds generally held by an outside fiscal agent. Cash amounts are reported net of outstanding warrants.

Investments are stated at fair value, except for money market mutual funds which are reported at amortized cost.

Adjustments to fair value, as well as dividend and interest income received is recorded by the City in its governmental funds in the Use of money and property caption while proprietary funds report these items as Investment income.

The statement of cash flows requires presentation of “cash and cash equivalents”. For the purposes of the statement of cash flows, the City considers all proprietary fund pooled cash and investments as “cash and cash equivalents”, as such funds are available to the various funds as needed. 180
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
54 Note 1 – Summary of Significant Accounting Policies (Continued) D. Cash, Cash Equivalents, and Investments (Continued)
Certain disclosure requirements, if applicable, for Deposits and Investment Risks in the following areas:
 Interest Rate Risk
 Credit Risk
- Overall
- Custodial Credit Risk
- Concentration of Credit Risk
 Foreign Currency Risk
In addition, other disclosures are specified including use of certain methods to present deposits and investments, highly sensitive investments, credit quality at year-end and other disclosures.

E. Fair Value Measurements
U.S. GAAP defines fair value, establishes a framework for measuring fair value and establishes disclosures about fair value measurement. Investments, unless otherwise specified, recorded at fair value in the financial statements, are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Levels of inputs are as follows:

The three levels of the fair value measurement hierarchy are described below:
 Level 1 – Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets at the measurement date.
 Level 2 – Inputs, other than quoted prices included in Level 1, that are observable for the assets or liabilities through corroboration with market data at the measurement date.  Level 3 – Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the assets or liabilities at the measurement date.

If the fair value of an asset or liability is measured using inputs from more than one level of the fair value hierarchy, the measurement is considered to be based on the lowest priority level input that is significant to the entire measurement.

F. Receivables
Receivables include such items as taxes, intergovernmental revenues, charges for services, miscellaneous accounts receivable, and interest receivable. No allowance for doubtful accounts has been established, as the City believes all amounts are considered to be collectible in the normal course of business.

G. Lease Receivable
The City is a lessor for leases of buildings and land and recognizes leases receivable and deferred inflows of resources in the financial statements. Variable payments based on future performance or usage of the underlying asset are not included in the measurement of the lease receivable. 181
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
55 Note 1 – Summary of Significant Accounting Policies (Continued) G. Lease Receivable (Continued)
At the commencement of a lease, the lease receivable is measured at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflows of resources are initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflows of resources are recognized as revenue over the life of the lease term in a systematic and rational method.

Key estimates and judgments include how the City determines (1) the discount rate it uses to discount the expected lease receipts to present value, (2) lease term, and (3) lease receipts.  The City uses the incremental borrowing rate (IBR) provided by the City’s financial institution for existing leases or the current rate at the time a new lease is executed.  The lease term includes the noncancelable period of the lease plus any option periods that are likely to be exercised.
 Lease receipts included in the measurement of the lease receivable is composed of fixed payments from the lessee.

The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.

H. Inventories
Inventories consist of fuel, which are reported under historical cost.

I. Prepaid Items
Prepaid items are reported under the consumption method, which recognizes the expenditures/expense in the period associated with the service rendered or goods consumed.

J. Interfund Transactions
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” or “advances to/from other funds” (i.e., the current portion of interfund loans). Any residual balances outstanding between the governmental activities and businesstype activities are reported in the Government-Wide Financial Statements as “internal balances”.

K. Capital Assets
Capital assets are recorded at cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at their estimated acquisition value on the date donated. Public domain (infrastructure) capital assets consisting of roads, bridges, curbs, gutters, medians, sidewalks, drainage and lighting systems have been capitalized and depreciated. Capital assets are defined as assets with an initial individual cost of more than $5,000 for general capital assets and $100,000 for intangible assets.
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
56 Note 1 – Summary of Significant Accounting Policies (Continued) K. Capital Assets (Continued)
Depreciation is recorded using the straight-line method over the following useful lives:

Buildings 15 – 25 years
Improvements 10 – 15 years
Vehicles 4 – 10 years
Street equipment 3 – 20 years
Water equipment 3 – 50 years
Office equipment 3 – 5 years
Road, curbs, gutters, sidewalks, medians and bridges 30 – 40 years Streetlights 20 years
Storm drain structure and mains 40 years
Traffic signals 20 years
Water infrastructure 20 – 125 years
Major outlays for capital assets and improvements are capitalized as projects are constructed. For enterprise funds, interest incurred during the construction phase is reflected in the capitalized value of the asset constructed, net of interest earned on the invested proceeds over the same period. Some capital assets may be acquired using federal and state grant funds, or they may be contributed by developers or other governments. These contributions are accounted for as revenues at the time the capital assets are contributed.

Right-of-Use Lease Assets
Lease assets are recorded at the amount of the initial measurement of the lease liabilities and adjusted by any lease payments made to the lessor at or before the commencement of the lease term, less any lease incentives received from the lessor at or before the commencement of the lease term along with any initial direct costs that are ancillary charges necessary to place the lease assets into service. Lease assets are amortized using the straight-line method over the shorter of the lease term or the useful life of the underlying asset, unless the lease contains a purchase option that the City has determined is reasonably certain of being exercised. In this case, the lease asset is amortized over the useful life of the underlying asset.

Right-of-Use Subscription Assets
Subscription assets are recorded at the amount of the initial measurement of the SBITA liabilities (“subscription liabilities”) and adjusted by any subscription payments to the SBITA vendor at or before the commencement of the subscription term, less any incentives received from the SBITA vendor at or before the commencement of the subscription term along with subscription implementation costs. Subscription assets are amortized over the shorter of the subscription term or the useful life of the underlying information technology assets.

L. Deferred Outflows of Resources and Deferred Inflows of Resources The Statement and Net Position and the Balance Sheet report separate sections for deferred outflows of resources, and deferred inflows of resources, when applicable.

Deferred Outflows of Resources represent a consumption of net assets that applies to future periods.

Deferred Inflows of Resources represent an acquisition of net assets that applies to future periods. 183
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
57 Note 1 – Summary of Significant Accounting Policies (Continued) M. Interest Payable
In the government-wide financial statements, interest payable on long-term debt is recognized as the liability is incurred for governmental activities and business-type activities.

N. Unearned Revenue
Unearned revenue is reported for transactions for which revenue has not yet been earned. Typical transactions recorded as unearned revenues are prepaid charges for services.

O. Compensated Absences
Compensated absences comprise vested accumulated vacation and sick leave. The City's liability for compensated absences is recorded in governmental or business-type activities as appropriate. The liability for compensated absences is determined annually. For all governmental funds, amounts expected to be "permanently liquidated," such as what is due to be paid because of a realized employment action, are recorded as fund liabilities; the longterm portion is recorded in the Statement of Net Position.

The liability for compensated absences is recognized as leave is earned, based on the employee’s pay rate in effect at the financial statement date, including any applicable salary-related costs. The liability includes only leave attributable to services already rendered and that is more likely than not to be paid.

P. Claims and Judgement 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, and other claims and judgments are recorded in the General Fund or enterprise funds, as appropriate.

Q. Lease Liabilities
The City has a policy to recognize a lease liability and a right-to-use asset (lease asset) in the financial statements with an initial, individual value of $5,000 or more with a lease term greater than one year. Variable payments based on future performance or usage of the underlying assets are not included in the measurement of the lease liability.

At the commencement of a lease, the lease liability is measured at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made.

Lease assets are recorded at the amount of the initial measurement of the lease liabilities and modified by any lease payments made to the lessor at or before the commencement of the lease term, less any lease incentives received from the lessor at or before the commencement of the lease term along with any initial direct costs that are ancillary charges necessary to place the lease assets into service. Lease assets are amortized using the straight–line method over the shorter of the lease term or the useful life of the underlying asset, unless the lease e State has determined is reasonably certain of being exercised. In this case, the lease asset is amortized over the useful life of the underlying asset.
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
58 Note 1 – Summary of Significant Accounting Policies (Continued) Q. Lease Liabilities (Continued)
Key estimates and judgments related to leases include how the City determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments.  The City uses the interest rate charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for leases.
 The lease term includes the noncancelable period of the lease, plus any option periods that are reasonably certain to be exercised.
 Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that the City is reasonably certain to exercise. The City monitors changes in circumstances that would require a remeasurement of a lease and will remeasure any lease asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability.

Lease assets are reported as right-to-use along with other capital assets and lease liabilities are reported as long term liabilities on the statement of net position.

The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure any lease asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability.

R. Subscription Liabilities
The City recognizes subscription liabilities with an initial, individual value of $5,000 or more with a subscription term greater than one year in the government-wide and proprietary fund financial statements. Variable payments based on future performance of the City, usage of the underlying information technology assets, or number of user seats are not included in the measurement of the subscription liability.

At the commencement of a subscription, the City initially measures the subscription liability at the present value of payments expected to be made during the subscription term. Subsequently, the subscription liability is reduced by the principal portion of subscription payments made.

Key estimates and judgments related to subscription liabilities include how the City determines (1) the discount rate it uses to discount the expected subscription payments to present value, (2) subscription term, and (3) subscription payments.
 The City uses incremental borrowing rate provided by the financial institution at July 1, 2022 for existing subscription or the current rate at the time a new subscription is executed.  The subscription term includes the noncancellable period of the SBITA. Subscription payments included in the measurement of the subscription liability are composed of fixed payments.

The City monitors changes in circumstances that would require a remeasurement of its SBITA and will remeasure any subscription asset and liability if certain changes occur that are expected to significantly affect the amount of the subscription liability.
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
59 Note 1 – Summary of Significant Accounting Policies (Continued) S. Long-Term Debt
Government-Wide Financial Statements
Long-term debt and other financial obligations are reported as liabilities in the statement of net position.

Bond premiums and discounts, as well as gains and losses on refunding, are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable premium or discount.

Issuance costs are expensed in the year of issuance.

Fund Financial Statements
The fund financial statements do not present long-term debt but are shown in the Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position.

T. Pensions
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the plans and additions to/deductions from the plans’ fiduciary net position have been determined on the same basis as they are reported by the plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value.

The following timeframes are used for pension reporting:

Valuation Date June 30, 2023
Measurement Date June 30, 2024
Measurement Period July 1, 2023 to June 30, 2024
Gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time. The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense. The amortization period differs depending on the source of the gain or loss. The difference between projected and actual earnings is amortized straight-line over 5 years. All other amounts are amortized straight-line over the average expected remaining service lives of all members that are provided with benefits (active, inactive, and retired) as of the beginning of the measurement period.

General Fund is typically used to liquidate pension liabilities to governmental funds.

U. Other Postemployment Benefits (“OPEB”) Plan
For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City’s OPEB Plan and additions to/deductions from the OPEB Plans’ fiduciary net position have been determined on the same basis as they are reported by the plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value. 186
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
60 Note 1 – Summary of Significant Accounting Policies (Continued) U. Other Postemployment Benefits (“OPEB”) Plan (Continued) The following timeframes are used for OPEB reporting:

Valuation Date June 30, 2025
Measurement Date June 30, 2025
Measurement Period July 1, 2024 to June 30, 2025
Gains and losses related to changes in total OPEB liability and fiduciary net position are recognized in OPEB expense systematically over time. The first amortized amounts are recognized in OPEB expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB and are to be recognized in future OPEB expense. The amortization period differs depending on the source of the gain or loss. The difference between projected and actual earnings is amortized straight-line over 5 years. All other amounts are amortized straight-line over the average expected remaining service lives of all members that are provided with benefits (active, inactive, and retired) as of the beginning of the measurement period.

General Fund is typically used to liquidate OPEB liabilities to governmental funds.

V. Net Position
In governmental-wide and proprietary fund financial statements, net positions are categorized as follows:

Net Investment in Capital Assets – This category consists of capital assets, net of accumulated depreciation/amortization, reduced by the outstanding balances of debt that are attributable to the acquisition, construction, or improvement of those assets and retention payable.

Restricted – This category represents net position that has external restrictions imposed by creditors, grantors, contributors or laws or regulations of other governments and restrictions imposed by law through constitutional provisions or enabling legislation.

Unrestricted – This category represents net position of the City that do not meet the definition of "net investment in capital assets" or "restricted."
When expenses are incurred for purposes for which both restricted and unrestricted net position are available, the City’s policy is to apply restricted net position first, then unrestricted net position as they are needed.

W. Fund Balances
As prescribed by GASB Statement No. 54, governmental funds report fund balance in classifications based primarily on the extent to which the City is bound to honor constraints on the specific purposes for which amounts in the funds can be spent. Fund balances for governmental funds are made up of the followings:

Nonspendable Fund Balance – includes amounts that are (a) not in spendable form, or (b) legally or contractually required to be maintained intact. The "not in spendable form" criterion includes items that are not expected to be converted to cash, for example: prepaid items, property held for resale and long term notes receivable. 187
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
61 Note 1 – Summary of Significant Accounting Policies (Continued) W. Fund Balances (Continued)
Restricted Fund Balance – includes amounts that can be spent only for the specific purposes stipulated by external resource providers, constitutionally or through enabling legislation. Restrictions may effectively be changed or lifted only with the consent of resource providers.

Committed Fund Balance – includes amounts that can only be used for the specific purposes determined by a formal action of the City's highest level of decision-making authority, the City Council. Commitments may be changed or lifted only by the City taking the same formal action (resolution) that imposed the constraint originally.

Assigned Fund Balance – comprises amounts intended to be used by the City for specific purposes that are neither restricted nor committed. Intent is expressed by the City Council or official to which the City Council has delegated the authority to assign amounts to be used for specific purposes. Through the adopted budget, the City Council establishes assigned fund balance policy levels and also sets the means and priority for the City Manager to fund these levels.

Unassigned Fund Balance – is the residual classification for the General Fund and includes all amounts not contained in the other classifications. Unassigned amounts are technically available for any purpose. Only the General Fund reports unassigned positive fund balance. A governmental fund other than the General Fund may report a negative unassigned fund balance if expenditures incurred for a specific purpose exceed the amounts that are restricted, committed or assigned to those purposes.

In circumstances when an expenditure may be made for which amounts are available in multiple fund balance classifications, the fund balance in General Fund will generally be used in the order of restricted, unassigned, and then assigned reserves. In other governmental funds, the order will generally be restricted and then assigned.

X. Property Taxes
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 February 1 and become delinquent after December 10 and April 10. Unsecured taxes are levied on July 1 and become delinquent on August 31. The lien date for secured and unsecured property taxes is January 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 percent 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.

Y. Use of Estimates
The preparation of the basic financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
62 Note 1 – Summary of Significant Accounting Policies (Continued) Z. Implementation of New GASB Pronouncements
GASB Statement No. 101 – In June 2022, the GASB issued Statement No. 101, Compensated Absences. The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. The requirements of this Statement are effective for fiscal years beginning after December 15, 2023, and all reporting periods thereafter. Implementation of this Statement resulted in a restatement of the beginning fund balance as of July 1, 2024, as presented in Note 15.

GASB Statement No. 102 – In December 2023, the GASB issued Statement No. 102, Certain Risk Disclosures.

The objective of this Statement is to provide users of government financial statements with information about risks related to a government’s vulnerabilities due to certain concentrations or constraints that is essential to their analyses for making decisions or assessing accountability. The requirements of this Statement are effective for fiscal years beginning after June 15, 2024, and all reporting periods thereafter. The City has evaluated its exposure to financial risk stemming from concentrations and constraints. Management has determined that a concentration exists in the City’s revenue, as disclosed in Note 13.

AA. Upcoming New GANB Pronouncements
The City is currently evaluating its accounting practices to determine the potential impact on the financial statements for the following GASB Statements:

GASB Statement No. 103 – In April 2024, GASB issued Statement No. 103, Financial Reporting Model Improvements. The objective of this Statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability. Application of this statement is effective for the City’s fiscal year ending June 30, 2026. The City has not determined the effect on the financial statements.

GASB Statement No. 104 – In September 2024, the GASB issued Statement No. 104, Disclosure of Certain Capital Assets. The objective of this Statement is to provide users of government financial statements with essential information about certain types of capital assets. This Statement requires certain types of capital assets to be disclosed separately in the capital assets note disclosures required by Statement 34. This Statement also requires additional disclosures for capital assets held for sale. Application of this statement is effective for the City’s fiscal year ending June 30, 2026. The City has not determined the effect on the financial statements.

Note 2 – Cash and Investments
The City had the following cash and investments at June 30, 2025:

Governmental Business-Type
Activities Activities Total
Cash and investments 283,350,889 $ 10,083,012 $ 293,433,901 $ Restricted cash and investments:

Held by fiscal agent for pension 24,320,860 - 24,320,860 Total cash and investments $ 10,083,012 307,671,749 $ 317,754,761 $ Government-Wide
Statement of Net Position
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
63 Note 2 – Cash and Investments (Continued)
The City’s cash and investments at June 30, 2025, in more detail:

Cash on hand $ 2,963
Deposits with financial institutions 51,509,352
Total cash 51,512,315
Investments 241,921,586
Investments with PARS 24,320,860
Total investments 266,242,446
Total cash and investments $ 317,754,761
A. Deposits
The carrying amounts of the City’s demand deposits were $51,509,352 at June 30, 2025. Bank balances at that date were $51,715,814 the total amount of which was collateralized or insured with accounts held by the pledging financial institutions in the City’s name as discussed below.

Cash and Investments with PARS were related to the City’s Pension Trust.

The California Government Code requires California banks and savings and loan associations to secure the City’s cash deposits by pledging securities as collateral. This Code states that collateral pledged in this manner shall have the effect of perfecting a security interest in such collateral superior to those of a general creditor. Thus, collateral for cash deposits is considered to be held in the City's name.

The fair value of pledged securities must equal at least 110% of the City's cash deposits. California law also allows institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the City’s total cash deposits. The City may waive collateral requirements for cash deposits, deposits, which are fully insured up to $250,000 by the Federal Deposit Insurance Corporation (“FDIC”). The City did not waive the collateral requirement for deposits insured by FDIC.

The City follows the practice of pooling cash and investments of all funds, except for funds required to be held by fiscal agents under the provisions of bond indentures. Interest income earned on pooled cash and investments is allocated on an accounting period basis to the various funds based on the period-end cash and investment balances.

Interest income from cash and investments with fiscal agents is credited directly to the related fund. 190
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
64 Note 2 – Cash and Investments (Continued)
B. Investments Authorized by the California Government Code and the City’s Investment Policy The following table identifies the investment types that are authorized for the City by the California Government Code (or the City’s investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code (or the City’s investment policy, where more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustees that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City’s investment policy: This does not include the City's investments of debt proceeds held by fiscal agents that are governed by the provisions of debt agreements of the City.

Authorized Investment Type
Maximum
Maturity
Minimum Credit
Quality
Maximum
Percentage of
Portfolio
Maximum Investment in
One Issuer
U.S. Treasury Obligations 5 years N/A None None
U.S. Agency Securities* 5 years N/A None 25% of portfolio, 20% of callable securities
California Local Agency Investment Fund (LAIF) N/A N/A Up to $75 million None Non-negotiable Certificates of Deposits (time deposits) 5 years N/A 30% None State of California registered state
warrants, treasury notes, or bonds 5 years N/A 30% 5% of portfolio California local agency bonds, notes,
warrants, or other obligations 5 years N/A 30% 5% of portfolio Bond issued by the local agency 5 years N/A 30% 5% of portfolio Bankers' Acceptances 180 days A or better 40% None
Commercial Paper 270 days A-1 25% 5% of issuer's net worth; 10% of outstanding paper of Issuer. **
Negotiable Certificates of Deposit 5 years N/A 30% 5% of issuer's net worth. ** Repurchase Agreements 1 year N/A None None
Medium Term Corporate Notes 5 years A or better 30%
10% of portfolio; 5% of issuer's
net worth. **
Money market mutual funds investing
in U.S. Treasury, Government Agency
securities or repurchase agreements
collateralized by U.S. Treasury or
Government Agency securities N/A N/A 20% None
Asset-backed, mortgage-backed, mortgage pass-through securities, 5 years AA or better 20% 5% of the portfolio and collateralized mortgage obligations,
Supernationals 5 years AA or better 30% 10% of portfolio *Securities issued by agencies of the federal government such as the Government National Mortgage Association (GNMA), ** Represents restriction in which the City's investment policy is more restrictive than the California Government Code. 191
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
65 Note 2 – Cash and Investments (Continued)
C. Investments Authorized by Debt Agreements
The City must maintain required amounts of cash and investments with trustees or fiscal agents under the terms of certain debt issues. These funds are unexpended bond proceeds or are pledged reserves to be used if the City fails to meet its obligations under these debt issues. The California Government Code requires these funds to be invested in accordance with City ordinances, bond indentures or State statutes. The City's Investment Policy allows investments of bond proceeds to be governed by provisions of the related bond indentures. The following identifies the investment types that are authorized for investments held by fiscal agents under the terms of the bond indentures of the related debt issue:

Authorized Investment Type
Maximum
Maturity
Minimum Credit
Quality
Maximum
Percentage of
Portfolio
Cash or obligations of the U.S. including U.S. Treasury obligations N/A N/A None Federal agencies obligations which represent
full faith and credit of the U.S. N/A N/A None
Direct federal agencies obligations which are not
fully guaranteed by the full faith and credit of the U.S. N/A N/A None U.S. dollar denominated deposit accounts, federal funds and bankers' acceptances with domestic commercial banks 360 days P-1, A-1+, A-1 None Commercial Paper 270 days P-1, A-1 None
Money market funds N/A Aaam or AAAm-G None
Pre-refunded municipal obligations that are not callable prior to maturity or as to which irrevocable instructions have been Highest given to call on the date specified in the notice N/A Rating Category None Municipal obligations or General obligations of states N/A Aaa, AAA, A2, A None California Local Agency Investment Fund (LAIF) N/A N/A Up to $75 million Shares in a California common law trust established pursuant to Title 1, Division 7, Chapter 5 of the California Government Code which invests exclusively in investments permitted by Section 53635 of Title 5, Division 2, Chapter of the California Government Code, as it may be amended. N/A N/A None
D. Risk Disclosures
Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment.

Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
66 Note 2 – Cash and Investments (Continued)
D. Risk Disclosures (Continued)
Disclosures Relating to Interest Rate Risk (Continued)
Information about the sensitivity of the fair values of the City's investments (including investments held by bond trustee) to market interest rate fluctuations is provided by the following table that shows the distribution of the City's investments by maturity:

Investment Type
12 Months of
less 13 to 24 Months
More than 24
Months Total
U.S. Treasury Securities 10,696,361 $ 14,009,029 $ $ 47,621,119 $ 72,326,509 Corporate Notes 4,176,191 6,652,128 35,095,869 45,924,188 U.S. Agency Notes:

Federal Home Loan Mortgage Corporation 594,533 638,009 19,841,256 21,073,798 Federal National Mortgage Association 2,467,004 - 2,467,004 - Federal Home loan Banks 1,906,833 - 1,906,833 -
Farm Credit System 2,440,711 - 2,848,664 5,289,375
Municipal Bonds - 1,770,876 - 1,770,876
Asset-Backed Securities 45,176 2,383,271 11,570,698 13,999,145 Supranationals 4,767,449 3,474,940 - 8,242,389
Local Agency Investment Fund 68,136,759 - 68,136,759 -
Money Market Mutual Funds - - 784,710 784,710
Restricted investment with PARS 24,320,860 - - 24,320,860 Total investments $ 115,989,043 $ 28,029,981 $ 122,223,422 $ 266,242,446 Remaining Maturity (In Months)
Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization.

Presented below is the minimum rating required by (where applicable) the California Government Code, the City's investment policy, or debt agreements, and the actual rating, by Standard and Poor’s or Moody’s’, as of June 30, 2025 for each investment type:

Investment Type Total AAA AA A Not Required
U.S. Treasury Securities $ 72,326,509 $ 72,326,509 $ - $ - $ - Corporate Notes 45,924,188 6,589,675 6,479,086 32,855,427 - U.S. Agency Notes
Federal Home Loan Mortgage Corporation 21,073,798 21,073,798 - - - Federal National Mortgage Association 2,467,004 2,467,004 - - - Federal Home Loan Banks 1,906,833 1,906,833 - - -
Farm Credit System 5,289,375 5,289,375 - - -
Municipal Bonds 1,770,876 1,770,876 - - -
Asset-Backed Securities 13,999,145 13,999,145 - - -
Supranationals 8,242,389 8,242,389 - - -
Local Agency Investment Fund 68,136,759 - - 68,136,759 - Money Market Mutual Funds 784,710 - - - 784,710
Restricted investment with PARS 24,320,860 - - 24,320,860 - Total Investments $ 266,242,446 $ 131,894,728 $ 8,249,962 $ 32,855,427 $ 93,242,329 193
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
67 Note 2 – Cash and Investments (Continued)
D. Risk Disclosures (Continued)
Disclosures Relating to Concentration of Credit Risk
The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code. At June 30, 2025, the following investment represent 5% or more of total City investments:

Issuer Investment Type Amount Percentage
Federal Home Loan Mortgage Corporation U.S. Agency Notes 21,073,798 $ 8% Disclosures Relating to Custodial Credit Risk
Custodial credit risk is the risk that, in the event of the failure of the counter party, the City will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. All securities, with the exception of LAIF and other pooled investments, are held by a third-party custodian.

E. Investment in Local Agency Investment Fund (LAIF)
The City is a participant in LAIF which is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. As of June 30, 2025, the City had $68,136,759 invested in LAIF. LAIF determines fair value on its investment portfolio based on market quotations for those securities where market quotations are readily available and based on amortized cost or best estimate for those securities where market value is not readily available. LAIF is reported at amortized cost, which approximates fair value.

F. Fair Value Measurement Disclosure
The investments are reported at fair value. The following table presents the fair value measurement of investments on a recurring basis and the levels within GASB 72 fair value hierarchy in which the fair value measurements fall at June 30, 2025:

Investments by Fair Value Level
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2) Uncategoraized Total
U.S. Treasury Securities $ 72,326,509 $ - $ 72,326,509 - $ Corporate Notes 45,924,188 - 45,924,188 -
U.S. Agency Notes
Federal Home Loan Mortgage Corporation 21,073,798 - 21,073,798 - Federal National Mortgage Association 2,467,004 - 2,467,004 - Federal Home Loan Banks 1,906,833 - 1,906,833 -
Farm Credit System 5,289,375 - 5,289,375 -
Asset-Backed Securities 13,999,145 - 13,999,145 -
Supranationals 8,242,389 - 8,242,389 -
Municipal Bonds 1,770,876 - 1,770,876 -
Money Markel Mutual Funds
- Restricted for Pension (PARS) - 24,320,860 - 24,320,860 Money Markel Mutual Funds - 784,710 - 784,710
Local Agency Investment Fund - 68,136,759 - 68,136,759
Total Investments $ 72,326,509 $ 100,673,608 $ 93,242,329 $ 266,242,446 194
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
68 Note 3 – Loans Receivable
Housing Program Loans
On June 30, 1995, the City loaned $821,000 to Community Housing Developers, a California nonprofit public benefit corporation. The note bears interest at three percent per annum, compounded annually, payable to the extent of surplus cash, and all unpaid principal and interest due June 30, 2035. As of June 30, 2025, the balance remaining on the loan was $1,934,740 including principal and interest in the amounts of $821,000 and $1,171,782, respectively. The loan was issued using resources in the amount of $417,000 and $404,000 in the General Fund and the Housing Development Special Revenue Fund, respectively and is considered governmental activities.

On June 6, 1996, the City loaned $320,000 to Cupertino Community Services, a California nonprofit public benefit corporation. The note bears interest at three percent per annum and due on July 14, 2026. As of June 30, 2025, the balance on the loan was $112,314. The loan was issued using resources in the Housing Development Special Revenue Fund and is considered governmental activities.

On September 11, 2017 the City loaned $3,672,000 to Stevens Creek, L.P., a California limited partnership. The note bears interest at three percent per annum for 55 years. After the completion of construction of the development, no later than April 30th of each calendar year, the Developer shall make repayments of the loan in an amount equal to the City loan percentage of the lenders’ share of residual receipts. The payments shall be credited first against accrued interest and then against outstanding principal of the loan, and shall be accompanied by the developer’s report of residual receipts. As of June 30, 2025, the balance remaining on the loan was $4,527,698 including principal and interest in the amounts of $3,672,000 and $855,698, respectively in the Housing Development Special Revenue Fund and is considered as governmental activities.

Note 4 – Leases Receivable
The City leases various City assets to other entities via contractual arrangements under the provisions of GASB Statement No. 87, Leases. The leases include land leases utilized for cell phone towers as well as property leases of the McClellan Ranch House, the Cupertino Public Library, and Water Infrastructure. The City receives fixed payments from the lessees, with a total of $1,666,700 recognized as rental revenue and $30,743 recognized as interest revenue on the lease for the year ended June 30, 2025 and a receivable for the remaining payments under the leases of $2,160,250.

The leases have receipts that range from $974 to $22,100,000 and interest rates that range from 0.0000% to 2.2820%.

On October 1, 2024, the City entered into a 12-years lease agreement with San Jose Water Company (the “Company”) for the operation and maintenance of the City’s water system. Under this agreement, the City received a $22 million prepayment, which is recorded as deferred inflow and amortized over the life of the contract. The agreement also provides for an annual $1.8 million investment rent paid to the City, which is recorded as deposit payable and designated to reimburse the Company for City-approved capital improvement projects. Additionally, the Company will pay the City an annual franchise fee equal to 2% of its previous year's gross receipts derived from customer operations.

Total deferred inflows of resources relating to leases amounted to $22,667,158 at June 30, 2025. 195
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
69 Note 4 – Leases Receivable (Continued)
At June 30, 2025, the required payments for these leases, including interest, are:

Year Ending
June 30,
NPV Leases
Receivable Interest
Total Lease
Payment
2026 242,614 $ 26,659 $ 269,273 $
2027 254,306 23,691 277,997
2028 266,058 20,584 286,642
2029 224,664 17,367 242,031
2030 217,245 14,541 231,786
2031 - 2035 702,002 38,094 740,096
2036 - 2040 249,045 9,856 258,901
2041 4,316 5 4,321
Total 2,160,250 $ 150,797 $ 2,311,047 $
Note 5 – Interfund Transactions
A. Advances
Interfund advances are balances between funds that are not expected to be repaid within the current fiscal year. As of June 30, 2025, the General Fund advanced $3,000,000 to the Capital Improvement Projects Capital Projects Fund for advance funding of planned projects that will be repaid in subsequent years.

B. Due from and to other Funds
At June 30, 2025, the City has the following due from and to other funds:

Due to
Other Funds
Internal Service
Due From Other Funds Funds
Governmental Funds:

General Fund $ 1,390,420
$ 1,390,420
These interfund balances represent routine short-term cash flow assistance. 196
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
70 Note 5 – Interfund Transactions (Continued)
C. Transfers In and Out
Transfers between funds during the fiscal year ended June 30, 2025 were as follows:

Capital
Improvement
Transportation Projects Nonmajor
Special Revenue Capital Project Governmental
Transfers In General Fund Fund Fund Funds Total
Governmental Funds:

General Fund - $ - $ 333,334 $ 15,000 $ 348,334 $
Transportation
Special Revenue Fund 1,847,578 762,580 - 2,610,158 -
Housing Development
Special Revenue Fund 94,258 - - 94,258 -
Public Facilities Corporation
Debt Service Fund 2,677,450 - - 2,677,450 -
Capital Improvement Projects
Capital Projects Fund 4,070,000 693,000 - 4,763,000 -
Nonmajor Governmental Funds 470,443 - - 470,443 -
Proprietary Funds:

Resource Recovery Enterprise Fund 220,143 - - 220,143 - Recreation Programs Enterprise Fund 138,195 - - 138,195 - Sports Center Enterprise Fund 527,885 - - 527,885 -
Nonmajor Enterprise Fund 173,030 - - 173,030 -
Internal Service Funds 2,980,148 - - 2,980,148 -
$ 13,199,130 $ 693,000 $ 1,095,914 $ 15,000 $ 15,003,044 Governmental Funds
Transfers Out
Transfers provided funding for operating subsidies, capital projects, capital acquisitions, internal service funds personnel costs associated with staff special project, compensated absences and retiree health, and debt service. 197
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
71 Note 6 – Capital Assets
A. Governmental Activities
A summary of changes in capital assets of the governmental activities for the year ended June 30, 2025 is as follows:

Balance
Governmental Activities: July 1, 2024 Balance
General Government Capital Assets: (as restated) Additions Deletions Transfers June 30, 2025 Capital assets not being depreciated:

Land 64,786,669 $ - $ - $ - $ 64,786,669 $
Easements 19,615,039 234,341 - - 19,849,380
Construction in progress 27,365,395 10,206,365 (912,590) (17,705,083) 18,954,087 Total general government capital assets not being depreciated 111,767,103 10,440,706 (912,590) (17,705,083) 103,590,136 Capital assets being depreciated:

Buildings 48,886,305 (2,450,000) - 46,436,305 -
Improvements other than buildings 66,169,099 (14,960) - 6,010,304 72,164,443 Machinery and equipment 4,887,544 (5,069) - 610,041 5,492,516 Roads, curbs, gutters, sidewalks, medians and bridges 190,818,876 - 10,136,084 - 200,954,960 Streetlights 9,986,718 - 593,727 - 10,580,445
Storm drain structure and mains 39,919,335 - - 39,919,335 - Traffic signals 6,485,366 - - 6,485,366 -
Water infrastructure 5,338,561 270,073 354,927 - 5,963,561 Total capital assets being depreciated 372,491,804 270,073 (2,470,029) 17,705,083 387,996,931 Less accumulated depreciation for:

Buildings (36,919,734) (1,552,189) 634,499 (37,837,424) - Improvements other than buildings (50,738,244) (1,981,901) 12,289 (52,707,856) - Machinery and equipment (3,714,335) (188,616) 5,069 (3,897,882) - Roads, curbs, gutters, sidewalks, medians and bridges (121,415,663) (3,269,188) - (124,684,851) - Streetlights (8,625,688) (247,342) - (8,873,030) -
Storm drain structure and mains (34,368,305) (686,545) - (35,054,850) - Traffic signals (6,130,715) (64,095) - (6,194,810) -
Water infrastructure (66,031) - - (66,031) -
Total accumulated depreciation (261,912,684) (8,055,907) 651,857 (269,316,734) - Total capital assets being depreciated, net 110,579,120 (7,785,834) (1,818,172) 17,705,083 118,680,197 Intangible assets, being amortized
Right-to-use subscription assets 2,235,145 523,418 (82,217) 2,676,346 - Total intangible assets, being amortized 2,235,145 523,418 (82,217) 2,676,346 - Less accumulated amortization for:

Right-to-use subscription assets (1,114,773) (581,178) 54,816 (1,641,135) - Total accumulated amortization (1,114,773) (581,178) 54,816 (1,641,135) - Total intangible assets, being amortized, net 1,120,372 (57,760) (27,401) 1,035,211 - Total general government capital asset, net 223,466,595 2,597,112 (2,758,163) 223,305,544 - Internal Service Fund Capital Assets:

Capital assets not being depreciated:

Construction in progress 192,925 264,441 (189,656) - 267,710 Total internal fund capital
assets not being depreciated 192,925 264,441 (189,656) - 267,710 Capital assets being depreciated:

Machinery and equipment 13,299,517 (274,919) - 189,656 13,214,254 Less accumulated depreciation (10,898,811) (428,666) 274,919 (11,052,558) - Total internal fund capital assets being depreciated, net 2,400,706 (428,666) 189,656 - 2,161,696 Intangible assets, being amortized
Right-to-use lease assets 34,108 - - 34,108 -
Right-to-use subscription assets 334,167 175,435 (6,376) 503,226 - Total intangible assets, being amortized 368,275 175,435 (6,376) 537,334 - Less accumulated amortization for:

Right-to-use lease assets (18,844) (6,784) - (25,628) - Right-to-use subscription assets (182,849) (96,051) - (278,900) - Total accumulated amortization (201,693) (102,835) - (304,528) - Total intangible assets, being amortized, net 166,582 72,600 (6,376) 232,806 - Total internal service fund capital assets, net 2,760,213 (91,625) (6,376) 2,662,212 - Governmental activities capital assets, net $ 226,226,808 $ 2,505,487 $ (2,764,539) $ 225,967,756 - $ 198
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
72 Note 6 – Capital Assets (Continued)
A. Governmental Activities (Continued)
Depreciation and amortization expenses were charged to functions and programs based on their usage of the related assets. Depreciation and amortization expenses were charged to governmental activities as follows:

Governmental Activities Depreciation Amortization Total Administration 24,480 $ $ 59,018 $ 83,498
Innovation and technology 44,438 - 44,438
Administrative Services 21,541 50,086 71,627
Parks and Recreation 2,192,893 31,639 2,224,532
Community development 23,866 136,032 159,898
Public Works 5,748,689 304,403 6,053,092
Subtotal 8,055,907 581,178 8,637,085
Internal Service Allocation
Administration - 8,339 8,339
Innovation and technology 84,473 - 84,473
Administrative Services - 1,792 1,792
Parks and Recreation - 7,066 7,066
Community development - 24,803 24,803
Public Works 344,193 60,835 405,028
Subtotal 428,666 102,835 531,501
Total - Governmental Activities $ 8,484,573 $ 684,013 $ 9,168,586 B. Business-Type Activities
A summary of changes in capital assets of the business-type activities for the year ended June 30, 2025 is as follows:

Balance Balance
July 1, 2024 Additions Deletions Transfers June 30, 2025 Business-type activities:

Capital assets not being depreciated:

Construction in progress $ 3,337 $ - $ (3,337) - $ $ -
Total capital assets not being depreciated 3,337 - (3,337) - - Capital assets being depreciated:

Buildings 2,291,240 - - 2,291,240 -
Improvements other than buildings 2,399,072 - - 3,337 2,402,409 Machinery and equipment 751,752 (6,601) - 745,151 -
Total capital assets being depreciated 5,442,064 (6,601) - 3,337 5,438,800 Less accumulated depreciation for:

Buildings (750,805) (90,648) - (841,453) -
Improvements other than buildings (1,979,892) (70,971) - (2,050,863) - Machinery and equipment (705,284) (12,761) 6,601 (711,444) - Total accumulated depreciation (3,435,981) (174,380) 6,601 (3,603,760) - Total capital assets being depreciated, net 2,006,083 (174,380) - 3,337 1,835,040 Business-type activity capital assets, net $ 2,009,420 $ (174,380) $ - $ 1,835,040 - $ 199
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
73 Note 6 – Capital Assets (Continued)
B. Business-Type Activities (Continued)
Depreciation expense was charged to the business-type activities as follows:

Business-Type Activities Depreciation
Cupertino Sports Center $ 101,810
Recreation Program 56,038
Blackberry Farm 16,532
Total $ 174,380
Note 7 – Long-Term Liabilities
A. Governmental Activities
A summary of changes in long-term liabilities for governmental activities for the year ended June 30, 2025 is as follows:

Balance
July 1, 2024
(as restated)
Additions/
Adjustment Retirements
Balance
June 30, 2025 Current Portion
Long-term
Portion
2020A Certificates of Participation 14,030,000 $ - $ (2,115,000) $ 11,915,000 $ 2,200,000 $ 9,715,000 $ Issuance Premium 2,386,895 - (397,816) 1,989,079 - 1,989,079 Lease liabilities 15,369 - (6,808) 8,561 6,844 1,717
Subscription liabilities 1, 698,852 210,274 (712,927) 1,196,199 685,571 510,628 Claims payable 1,671,587 754,588 (449,444) 1,976,731 338,000 1,638,731 Compensated absences 4,722,845 (438,648) * - 4,284,197 857,020 3,427,177 Total long-term liabilities 24, $ 1,014,792 036,970 $ (3,681,995) $ 21,369,767 $ 4,087,435 $ 17,282,332 $ * The change in the compensated absences liability is presented as a net change. 2020 A Certificates of Participation
The Cupertino Public Facilities Corporation issued Certificates of Participation to provide financing for the construction of the Community Center, improvements of the City Hall and the Library in July 1986; purchase of Wilson Park in 1989; finance the Memorial Park Expansion in 1990; and purchase the Blackberry Farm and Fremont Older site in 1991. The 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 which represent the pledged revenues are scheduled to be sufficient in both time and amount, when the principal and interest of the certificates are due, which was the case for the year ended June 30, 2025.

On May 9, 2012, $43,940,000 principal amount of 2012 Refinancing Certificates of Participation (2012 COPs) were issued to refund the 2002 COPs, to fund a reserve fund for the 2012 COPs, and pay costs incurred in connection with issuance.

On September 29, 2020, $22,040,000 principal amount of 2020A Certificates of Participation (2020 COPs) were issued to refund the 2012 COPs and pay costs incurred in connection with issuance. The proceeds were placed into an escrow account, along with funds from the City’s 2012 COPs Reserve and on October 30, 2020, the 2012 COPS were prepaid, resulting no amounts outstanding as of June 30, 2025 for the 2012 COPs. The result of the transaction was an economic gain of $3,133,819.
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
74 Note 7 – Long-Term Liabilities (Continued)
A. Governmental Activities (Continued)
2020 A Certificates of Participation (Continued)
The 2020A COPs are payable by a pledge of revenues from the lease payments payable by the City pursuant to the Lease Agreement between the Cupertino Public Facilities Corporation and the City for the use and possession of the Site and Facility as described in the Lease Agreement. The City also covenanted in the Lease Agreement to include all lease payments in its annual budget. Total debt service payments remaining on the 2020 COPs is $13,382,400 payable through June 1, 2030. During the year ended June 30, 2025, the bonds had $2,115,000 of principal and $561,200 interest due and paid. The annual debt service requirements on these certificates are as follows:

Year Ending
June 30, Principal Interest Total
2026 $ 2,200,000 $ 476,600 $ 2,676,600
2027 2,285,000 388,600 2,673,600
2028 2,380,000 297,200 2,677,200
2029 2,475,000 202,000 2,677,000
2030 2,575,000 103,000 2,678,000
Total 11,915,000 $ $ 1,467,400 $ 13,382,400
Lease Liabilities
The City has entered into a lease for vehicle uses. The terms of the agreements are 36 months with an implicit rate

0.5273%. Principal and interest to maturity are as follows:

Year Ending
June 30, Principal Interest Total
2026 6,844 $ 29 $ $ 6,873
2027 1,717 2 1,719
Total $ 8,561 $ 31 $ 8,592
Subscription Liabilities
The City has entered into subscriptions for information technology arrangements. The terms of the arrangements range from 12 to 48 months with implicit rates used between 1.710% to of 3.331%. Principal and interest to maturity are as follows:

Year Ending
June 30, Principal Interest Total
2026 685,571 $ 20,043 $ $ 705,614
2027 375,313 11,592 386,905
2028 135,315 3,583 138,898
Total $ 1,196,199 $ 35,218 $ 1,231,417
Claims Payable
Refer to Note 10 for more details.
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
75 Note 7 – Long-Term Liabilities (Continued)
B. Business-Type Activities
The following is a summary of changes in long-term liabilities for business-type activities for the year ended June 30, 2025:

Balance
July 1, 2024
(as restated) Net Changes
Balance
June 30, 2025 Current Portion
Long-term
Portion
Compensated absences $ 169,340 $ * 218,108 48,768 $ $ 118,507 $ 99,601 Total long-term liabilities $ 169,340 $ 48,768 $ 218,108 $ 118,507 $ 99,601 * The change in the compensated absences liability is presented as a net change.

Note 8 – Defined Benefit Pension Plan
A. General Information about the Pension Plan
Plan Description
The City contributes to the California Public Employees’ Retirement System (“CalPERS”), an agent multipleemployer public employee defined benefit pension plan. CalPERS acts as a common investment and administrative agent for participating public entities within the State of California. Benefit provisions and all other requirements are established by state statute and City ordinance. A full description of the pension plan regarding number of employees covered, benefit provisions, assumptions (for funding, but not accounting purposes), and membership information are listed in the Annual Actuarial Valuation Report. This report and CalPERS’ audited financial statements are publicly available reports that can be obtained at CalPERS’ website at www.calpers.ca.gov under Forms and Publications.

Benefit Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service.

The cost of living adjustments for each plan are applied as specified by the Public Employees' Retirement Law.

The Pension Reform Act of 2013 (PEPRA), Assembly Bill 340, is applicable to employees new to CalPERS and hired after December 31, 2012. The Plans' provisions and benefits in effect at June 30, 2025, are summarized as follows:

Prior to January 1 ,
2013
On or after January 1,
2013
Benefit formula 2.7%@55 2.0%@62
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Minimum retirement age 50 52
Monthly benefits, as a % of eligible compensation 2% to 2.7% 1% to 2% Required employee contribution rates 8.00% 7.75%
Required employer contribution rates 10.46% 10.46%
Hire date
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
76 Note 8 – Defined Benefit Pension Plan (Continued)
A. General Information about the Pension Plan (Continued) Benefit Provided (Continued)
Participant is eligible for non-industrial disability retirement if becomes disabled and has at least 5 years of credited service. There is no special age requirement. The standard non-industrial disability retirement benefit is a monthly allowance equal to 1.8 percent of final compensation, multiplied by service. Industrial disability benefits are not offered.

An employee's beneficiary may receive the basic death benefit if the employee dies while actively employed. The employee must be actively employed with the City to be eligible for this benefit. An employee's survivor who is eligible for any other pre-retirement death benefit may choose to receive that death benefit instead of this basic death benefit. The basic death benefit is a lump sum in the amount of the employee's accumulated contributions, where interest is currently credited at 6 percent per year, plus a lump sum in the amount of one-month salary for each completed year of current service, up to a maximum of six-months salary. For purposes of this benefit, one month's salary is defined as the member's average monthly full-time rate of compensation during the 12 months preceding death.

Upon the death of a retiree, a one-time lump sum payment of $500 will be made to the retiree's designated survivor(s), or to the retiree's estate.

Benefit terms provide for annual cost-of-living adjustments to each employee’s retirement allowance. Beginning the second calendar year after the year of retirement, retirement and survivor allowances will be annually adjusted on a compound basis by 2 percent.

Employees Covered by Benefit Terms
As of the June 30, 2023, the valuation date, the following employees were covered by the benefit terms of the Plan:

Active employees 200
Transferred and terminated employees 187
Retired Employees and Beneficiaries 271
Total 658
Contributions
Section 20814(c) of the California Public Employees' Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for both Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
77 Note 8 – Defined Benefit Pension Plan (Continued)
B. Net Pension Liability
Actuarial Methods and Assumptions Used to Determine Total Pension Liability The June 30, 2023 valuation was rolled forward to determine the June 30, 2024 total pension liability, based on the following actuarial methods and assumptions:

Actuarial Cost Method
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Salary Increases
Mortality Rate Table1
Post Retirement Benefit Increase
Entry Age Actuarial Cost method
Varies by Entry Age and Service
Derived using CalPERS’ Membership Data for all Funds.

The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.30% thereafter 1 The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. Mortality rates incorporate full generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the 2021 experience study report from November 2021 that can be found on the CalPERS website.

Change of Assumptions
There were no changes of assumptions in 2024.

Long-term Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a building-block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
78 Note 8 – Defined Benefit Pension Plan (Continued)
B. Net Pension Liability (Continued)
Long-term Expected Rate of Return (Continued)
In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations. Using historical returns of all of the funds’ asset classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 Basis points. The expected real rates of return by asset class are as follows:

Asset Class1
Assumed
Asset
Allocation Real Return 1,2
Global Equity - Cap-weighted 30.00% 4.54%
Global Equity - Non-Cap-weighted 12.00% 3.84%
Private Equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed Securities 5.00% 0.50%
Investment Grade Corporates 10.00% 1.56%
High Yield 5.00% 2.27%
Emerging Market Debt 5.00% 2.48%
Private Debt 5.00% 3.57%
Real Assets 15.00% 3.21%
Leverage -5.00% -0.59%
100.00%
1 An expected inflation of 2.30% used for this period.
2 Figures are based on the 2021 Asset Liability Management study.

Discount Rate
The discount rate used to measure the total pension liability was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Subsequent Events
There were no subsequent events that would materially affect the results presented in this disclosure. 205
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
79 Note 8 – Defined Benefit Pension Plan (Continued)
C. Changes in the Net Pension Liability
The following table shows the changes in net pension liability for the City’s Miscellaneous Plan recognized over the measurement period.

Total Pension
Liability (a)
Plan Fiduciary Net
Position (b)
Net Pension Liability
(c) = (a) - (b)
Balance at June 30, 2023 (Valuation Date) $ 182,272,023 $ 124,235,178 $ 58,036,845 Changes in the year:

Service cost 4,256,243 - 4,256,243
Interest on the total pension liability 12,577,249 - 12,577,249 Change of Benefit Terms - - -
Change of Assumptions - - -
Differences between actual and expected experience 2,583,077 - 2,583,077 Contribution - employer - 7,230,634 (7,230,634)
Contribution - employee - 1,824,533 (1,824,533)
Net investment income - 12,071,573 (12,071,573)
Administrative expenses - (101,091) 101,091
Other miscellaneous income/(expenses) - - -
Benefit payments, including refunds of employee
contributions (9,408,506) (9,408,506) -
Net Changes during July 1, 2023 to June 30, 2024 10,008,063 11,617,143 (1,609,080) Balance at June 30, 2024 (Measurement Date) $ 192,280,086 $ 135,852,321 $ 56,427,765 Miscellaneous Plan
Increase (Decrease)
Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the plans as of the measurement date, calculated using the discount rate of 6.90%, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.90%) or 1 percentage-point higher (7.90%) than the current rate:

Discount Rate Current Discount Discount Rate
- 1% (5.90%) Rate (6.90%) + 1% (7.90%)
Miscellaneous Plan $ 56,427,765 82,243,006 $ 35,208,267 $ Plan's Net Pension Liability/(Asset)
Pension Plan Fiduciary Net Position
Detailed information about the plan’s fiduciary net position is available in the separately issued CalPERS financial report.
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
80 Note 8 – Defined Benefit Pension Plan (Continued)
C. Changes in the Net Pension Liability (Continued)
Pension Expense (Credit) and Deferred Outflows and Deferred Inflows of Resources Related to Pensions For the year ended June 30, 2025, the City recognized pension expense of $9,950,519. As of June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contribution made after measurement date $ 17,717,621 $ - Changes of assumptions 1,018,005 -
Difference between expected and actual experience 2,823,744 (35,615) Net difference between projected and actual earning on
pension plan investments 1,829,809 -
Total $ 23,389,179 $ (35,615)
Miscellaneous Plan
The amounts above are net of outflows and inflows recognized in the 2023-24 measurement period expense.

The expected average remaining service lifetime (“EARSL”) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired). The EARSL for the Plan for the measurement period ending June 30, 2024 is 3.6 years, which was obtained by dividing the total service years of 2,383 (the sum of remaining service lifetimes of the active employees) by 658 (the total number of participants: active, inactive, and retired). Inactive employees and retirees have remaining service lifetimes equal to 0. Total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.

The $17,717,621 of contributions for the fiscal year ended June 30, 2025 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending June 30, 2026.

Other amounts reported as deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Measurement
Period
Ending June 30
2025 2,180,283 $
2026 4,256,558
2027 (96,751)
2028 (704,147)
2029 -
Thereafter -
Total 5,635,943 $
Deferred
Outflows/(Inflows)
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
81 Note 9 – Other Post Employment Benefits (OPEB)
A. General Information about the OPEB Plan
Plan Description
Permanent employees who retire under the City's CalPERS retirement plan 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 provided by CalPERS up to the maximum received by active employees in their respective bargaining unit.

The City contracts with CalPERS for this insured-benefit plan established under the state Public Employees' Medical and Hospital Care Act (PEMHCA). The plan offers employees and retirees three CalPERS' self-funded options, setup as insurance risk pools, or offers various third-party insured health plans. The plan's medical benefits and premium rates are established by CalPERS and the insurance providers. The City contribution is established by City resolution. Retirees and active employees pay the difference between the premium rate and the City's contribution. Premiums and City contributions are based on the plan and coverage selected by actives and retirees, with the City's potential contribution ranging from $1,060 to $2,815 per month per employee or retiree. The responsibility for benefit payments has transferred to the insurers and the City does not guarantee the benefits in the event of default by the insurers. A comprehensive annual financial report of CalPERS, inclusive of their benefit plans, is available at www.calpers.ca.gov.

The City participates in the Public Agency Retirement System (PARS) Public Agencies Post Retirement Health Care Plan Trust Program (PARS Trust), an agent-multiple employer irrevocable trust established to fund other postemployment benefits. The City Council adopted the PARS Public Agencies Post-Retirement Health Care Plan Trust, including the PARS Public Agencies Post-Retirement Health Care Plan, to fund medical insurance costs for its retired employees, effective February 17, 2010. The City Council appointed the City Treasurer, or his/her successor or his/her designee as the City’s plan administrator. The plan administrator is authorized to execute the PARS legal documents on behalf of the City and to take whatever additional actions necessary to maintain the City’s participation in the Program and to maintain compliance of any relevant regulation issued or as may be issued; therefore, authorizing him/her to take whatever additional actions are required to administer the City’s PARS Plan. The PARS Trust is approved by the Internal Revenue Code Section 115 and invests funds in equity, bond, and money market mutual funds. Copies of PARS Trust annual financial report is available at the City's Finance Department.

An employee is eligible for lifetime medical benefits under the OPEB Plan, along with his/her spouse or declared domestic partner at the time of retirement, if all criteria listed below are met:
 The employee was hired or the City Council member was elected prior to August 1, 2004, and the employee has five or more full-time years of service and the City Council member has five or more years of elected service with the City of Cupertino; or
 The employee was hired or the City Council member was elected on or after August 1, 2004, and the employee has ten or more full-time and/or elected years of CalPERS service, five years of which must be from the City of Cupertino; and
 The employee is eligible for retirement as defined under the CalPERS retirement system; and the employee retires from the City of Cupertino.
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
82 Note 9 – Other Post Employment Benefits (OPEB) (Continued) A. General Information about the OPEB Plan (Continued)
Plan Description (Continued)
In addition, the eligible employee's dependent children at the time of retirement who are under 23 years old are eligible for medical benefits. In addition to extending the eligibility of dependents from age 23 to age 26 in accordance with the recent healthcare reform act, effective July 1, 2010, employees that retire or resign from service with the City of Cupertino and who are not eligible for retiree medical benefits can continue on the City's medical and dental plans provided that they pay the premiums in full.

Plan Members Covered by Benefit Terms
At June 30, 2025, the valuation date, the Plan membership consisted of the following:

Inactive plan members or beneficiaries currently receiving benefit payments 156 Inactive plan members entitled to but not yet receiving benefit payments - Active plan members 183
339
Contributions
OPEB Plan contributions are set by the adopted budget. The cost of the benefits provided by the OPEB Plan is currently being paid by the City on a fully pre-funded basis. For the year ended June 30, 2025, the City paid $2,350,230 in healthcare premium payments including implied subsidy. Plan members are not required to contribute to the plan.

B. Net OPEB Liability (Asset)
The City’s net OPEB liability(Asset) was measured as of June 30, 2025 and the total OPEB liability used to calculate the net OPEB liability(Asset) was determined by an actuarial valuation as of June 30, 2025. Standard actuarial update procedures were used to project/discount from valuation to measurement dates.

Long-term Expected Rate of Return
As of June 30, 2025, the long-term expected rates of return for each major investment class in the Plan’s portfolio are as follows:

Investment Class JP Morgan Benchmark Target Allocation
Long-Term
Expected Real
Rate of Return
Equity – Int’l MSCI Net EAFE Index 16.00% 9.50%
Equity – Small Cap MSCI US Small Cal 1750 Index 2.20% 8.80% Equity – Emerging MSCI Gross Emerging Mkts Free Ind 5.60% 9.20% Equity – Russell 1000 S&P 500 41.00% 7.90%
Equity – US REIT MSCI REITs 4.70% 9.30%
Fixed Inc - Artison High Lehman Bros High Corp Bond Ind 23.30% 6.40% Fixed Inc - Bond Index Lehman Bros GOVT/CORP 4.80% 4.70% Cash & Equivalents T-BILLS (30-day) 2.40% 3.10%
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
83 Note 9 – Other Post Employment Benefits (OPEB) (Continued) B. Net OPEB Liability (Asset) (Continued)
Long-term Expected Rate of Return (Continued)
Inflation is assumed at 2.30% and expenses at 0.29% ($120,000/year). The above table shows the target asset allocation in the US Bank. The expected real rate of return is JP Morgan Capital Asset Management.

Rate of Return
For the year ended June 30, 2025, the annual money-weighted rate of return on investments, net of investment expense, was 12.61 percent. The money-weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts actually invested.

Actuarial Assumptions
The total OPEB liability was determined by an actuarial valuation as of June 30, 2025, using the previously listed actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified. Mortality rates were based on the CalPERS mortality assumptions.

Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce effects of short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with long-term perspective of the calculations.

The other significant actuarial assumptions used to prepare the City's June 30, 2025 actuarial valuation include the following:

Discount Rate 6.50%
Net Investment Return 6.50%, based on the UBS investment policy Inflation 2.30% annual inflation
Payroll increases 2.75% annual increases
Health care Treend 7.75 % for Pre-65 and 5.10% for Post-65 increases in premium rates in 2025

3.94% for Pre-65 and 3.94% for Post-65 increase in premium rates in 2076 Mortality Pre-Retirement: CalPERS 2021 Mortality pre-retirement Post-Retirement: CalPERS 2021 Mortality post-retirement Disability CalPERS 2021 Experience Study for Non industrial Safety Disability Retirement CalPERS 2021 Experience Study

2.0% @ 55 for Miscellaneous hired before January 1, 2013

2.0% @ 62 for Miscellaneous hired on or after January 1, 2013 Withdrawal CalPERS 2021 Experience Study for Miscellaneous Discount Rate
The discount rate used to measure the total OPEB liability (asset) is based on a blend of (i) the long-term expected rate of return on plan assets for benefits projected to be covered by PARS investments and (ii) a yield or index rate for 20-year, tax-exempt general obligation municipal bonds rated AA/Aa or higher for any benefits not expected to be covered by plan assets. For the measurement period ended June 30, 2025, the discount rate was 6.5 percent. 210
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
84 Note 9 – Other Post Employment Benefits (OPEB) (Continued) B. Net OPEB Liability (Asset) (Continued)
Change of Assumptions
The following assumptions were changed from June 30,2024 to June 30, 2025:

1. Morbidity was updated from SOA’s “Health Care Costs – From Birth to Death” to CalPERS 2021 experience rates.

2. Trend was updated using 2025 SOA Getzen Model for Increase Rated in Medical Premiums.

C. Change in Net OPEB Liability (Asset)
The changes in the City’s net OPEB liability (Asset) are:

Total OPEB
Liability (a)
Plan Fiduciary Net
Position (b)
Net OPEB Liability
(Asset)
(c) = (a) - (b)
Balance at June 30, 2024 40,388,740 $ 38,012,829 $ 2,375,911 $ Changes in the year
Service cost 1,437,854 - 1,437,854
Interest on the total OPEB liability 2, - 643,549 2,643,549 Change of assumptions (1,226,828) - (1,226,828)
Differences between actual and
expected experience 578,892 - 578,892
Contribution - employer - 2,350,230 (2,350,230)
Contribution - employee - - -
Net investment income - 4,851,326 (4,851,326)
Administrative expenses - (130,113) 130,113
Benefit payments, including refunds of
Employee contributions (2,350,230) (2,350,230) -
Net Changes during July 1, 2024 to June 30, 2025 1,083,237 4,721,213 (3,637,976) Balance at June 30, 2025 (Measurement Date) $ 41,471,977 $ 42,734,042 $ (1,262,065) Net Increase (Decrease)
Sensitivity of the net OPEB Liability (Asset) to Changes in the Discount Rate The following presents the net OPEB asset of the City, as well as what the City’s net OPEB liability (asset) would be if it were calculated using a discount rate that is one-percentage-point lower (5.5 percent) or one-percentagepoint higher (7.5 percent) than the current discount rate:
1% Decrease 5.50%
Current Discount
Rate 6.50% 1% Increase 7.50%
$ 4,446,959 $ (1,262,065) $ (5,947,783)
Plan's Net OPEB Liability/(Asset)
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
85 Note 9 – Other Post Employment Benefits (OPEB) (Continued) C. Change in Net OPEB Liability (Asset) (Continued)
Sensitivity of the Net OPEB Liability (Asset) to Changes in the Health Care Cost Trend Rates The table below shows the Net OPEB Liability (Asset) calculated using healthcare cost trend rates that are 1 percentage point lower and 1 percentage point higher than the current assumption:
1% Decrease
Current Healthcare
Cost Trend Rate 1% Increase
$ (6,463,786) $ (1,262,065) $ 5,247,936
Plan's Net OPEB Liability/(Asset)
D. OPEB Expense and Deferred Inflows of Resources Related to OPEB For the year ended June 30, 2025, the City recognized OPEB expense of $1,237,756. As of June 30, 2025, the City reported deferred inflows of resources related to OPEB from the following sources:

Deferred Outflows
of Resources
Deferred Inflows of
Resources
Net difference between projected and actual
earnings on investments - $ (2,244,574) $
Differences between expected and actual experience 2,708,181 - Changes in assumption 2,388,910 (1,286,945)
$ (3,531,519) 5,097,091 $
OPEB Plan
The difference between projected OPEB plan investment earnings and actual earnings is amortized over a five-year period. The remaining gains and losses are amortized over the expected average remaining service life. The expected average remaining service life is 6.6 years, which was determined as of July 1, 2024, the beginning of the measurement period, for employees covered by the OPEB plan benefit terms.

Amounts reported as deferred inflows of resources related to OPEB will be recognized as OPEB expense as follows Measurement
Period
Ending June 30
2026 $ 1,675,845
2027 (131,155)
2028 158,846
2029 19,110
2030 (98,170)
Thereafter (58,904)
Total $ 1,565,572
Deferred
Outflows/(Inflows)
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
86 Note 10 – Liabilities Under Self-Insurance and Risk Management General and Property Liability: The City is self-insured for the first $250,000 of general and property liability for each occurrence, and the excess (up to $10,000,000 for each occurrence and annual aggregate) is covered through the City's participation in the Pooled Liability Assurance Network Joint Powers Authority (PLAN JPA – formerly the Association of Bay Area Governments Pooled Liability Assurance Network or ABAG PLAN). The risk pool consists of 28 agencies within the San Francisco Bay Area. The stated purpose of the PLAN JPA is to provide certain levels of liability insurance coverage, claims management, risk management services, and legal defense to its participating members.

PLAN JPA is governed by a Board of Directors, which comprises officials appointed by each participating member.

Premiums paid to PLAN JPA are subject to possible refund based on the results of actuarial studies and approval by the Board of Directors. Complete financial statements for PLAN JPA may be obtained from their offices at the following address: PLAN JPA, c/o Sedgwick, 1750 Creekside Oaks Drive Suite 200, Sacramento, CA, 95833. Premiums are revised each year based on the City's claims experience and risk exposure. For the year ended June 30, 2025, the City paid the PLAN JPA premiums of $1,889,874.

Workers' Compensation Liability: The City belongs to the CSAC Excess Insurance Authority (EIA), a joint power authority which provides excess workers' compensation liability claims coverage above the City's self-insured retention of $500,000 per occurrence. Losses above the self-insured retention are pooled with excess reinsurance purchased to a $50,000,000 statutory limit. EIA was established in 1979 for the purpose of creating a risk management pool for all California public entities. EIA is governed by a Board of Directors consisting of representatives of its member public entities. Complete financial statements for ETA may be obtained from their offices at the following address: CSAC Excess Insurance Authority, Finance Department, EIA 75 Iron Point Circle, Suite 200, Folsom, CA 95630. For the year ended June 30, 2025, the City paid premiums of $148,291.

It is the City's practice to obtain biennial actuarial studies for the self-insured workers' compensation liability. The claims liabilities included in the workers' compensation internal service fund is based on the results of actuarial studies and include amounts for claims incurred but not reported and loss adjustment expenses. Claim liabilities are calculated considering the effects of inflation, recent claim settlement trends, including frequency and amount of payouts, and other economic and social factors. Inflation of 2.5 percent, annual rate of return of two percent, claim severity increase at 2.5 percent were assumed. In the current year, management used actuarial estimates based on a 90 percent confidence level.

Settlements have not exceeded insurance coverage in the past three years.

Changes in the balances of workers' compensation and general claims liabilities during the years ended June 30 are as follows:
2025 2024
Claims liability, beginning of year $ 1,671,587 $ 2,222,786 Incurred claims and changes in estimate 754,588 (268,925) Claim payments and credits (449,444) (282,274)
Total claims liability, end of year 1,976,731 1,671,587 Less current portion (338,000) (322,000)
Non-current portion $ 1,638,731 $ 1,349,587
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
87 Note 11 – Net Position and Fund Balances
A. Net Investment in Capital Assets
The following is the calculation of net investment in capital assets at June 30, 2025:

Governmental Business-Type
Activities Activities
Capital assets, net of accumulated depreciation and amortization 225,967,756 $ $ 1,835,040 Add: deferred charges on refunding 136,879 -
Less: retention payable (346,385) -
Less: outstanding principal on capital related debts (11,915,000) - Less: bond premium (1,989,079) -
Less: lease liabilities (8,561) -
Less: subscription liabilities (1,196,199) -
Net investment in capital assets $ 210,649,411 $ 1,835,040 B. Fund Balance Classifications
At June 30, 2025, fund balances are classified in the governmental funds as follows:

General Transportation
Housing
Development
Public Facilities
Corporation
Debt Service
Fund
Capital
Investments
Projects
Capital Projects
Fund
Nonmajor
Governmental
Funds Total
Nonspendable:

Loans receivable and related
interest receivable 1,012,168 $ - $ - $ - $ - $ - $ 1,012,168 $ Advances to other funds 3,000,000 - - - - - 3,000,000
Deposit 3,884 - - - - - 3,884
Inventories 21,383 - - - - - 21,383
Subtotal 4,037,435 - - - - - 4,037,435
Restricted for:

Public access television 1,471,890 - - - - - 1,471,890
CASP Certificate & Training 9,753 - - - - - 9,753
PARS Section 115 Trust 24,320,860 - - - - - 24,320,860
Storm drain system - - - - - 2,407,976 2,407,976
Parks and open space - - - - - 21,010,392 21,010,392
Environmental management - - - - - 955,699 955,699
Streets and road projects 13,265,040 - - - 916,209 - 14,181,249 Housing programs - 11,401,135 - - - 11,401,135 -
Subtotal 25,802,503 13,265,040 11,401,135 - 25,290,276 - 75,758,954 Committed for:

Economic uncertainty 24,000,000 - - - - 24,000,000 -
Sustainability reserve 127,891 - - - - 127,891 -
Future Use Reserve 64,500,000 - - - - 64,500,000 -
Subtotal 88,627,891 - - - - 88,627,891 -
Assigned to:

Encumbrances 7,287,794 - - - - 7,287,794 -
Capital projects - - - 33,058,494 - 157,966 33,216,460
Subtotal 7,287,794 - - 33,058,494 - 157,966 40,504,254
Unassigned 56,081,637 - - - - 56,081,637 -
Total $ 181,837,260 $ 13,265,040 $ 11,401,135 $ 33,058,494 - $ $ 25,448,242 $ 265,010,171 214
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
88 Note 12 – Commitments and Contingencies
A. Federal and State Grants
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, 2025, 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.

B. Encumbrances
The City uses encumbrances to control expenditure commitments for the year. Encumbrances represent commitments related to executor contracts not yet performed and purchase orders not yet filled. Commitments for such expenditure of monies are encumbered to reserve a portion of applicable appropriations. Encumbrances still open at year end are not accounted for as expenditures and liabilities, but as restricted, or assigned fund balance.

As of June 30, 2025, the City had the following encumbrances outstanding:

Governmental Funds:

General Fund $ 7,287,794
Transportation Special Revenue Fund 898,914
Housing Development Special Revenue Fund 11,084
Capital Improvements Projects Capital Projects Fund 8,198,536 Nonmajor Governmental Funds 694,981
Proprietary Funds:

Resource Recovery Enterprise Fund 476,217
Cupertino Sports Center Enterprise Fund 59,341
Internal Service Funds 712,952
Total Encumbrances $ 18,339,819
C. Consulting Agreement for Sales Taxes
The City entered into agreements (commitments) with two companies to provide services consisting of the assessment and creation of new sales and use tax revenue sources for the City. The City agreed to pay the companies based on a sliding scale payment schedule dependent on the level of new sales tax revenue realized by the City as defined in the consulting agreements. These agreements qualify as tax abatements under the provisions of GASB Statement 77. For the year ended June 30, 2025, the City abated taxes totaling $3,952,730.

D. Santa Clara County Vehicle Registration Fee (VRF)
The City is required to report VRF revenues, expenditures and fund balances for the year ended June 30, 2025:

VRF Balance as of July 1, 2024 (restated) 445,776 $
VRF Revenue 392,363
VRF Interest 20,505
VRF Expended (858,644)
VRF Balance as of June 30, 2025 $ -
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
89 Note 12 – Commitments and Contingencies (Continued)
E. California Department of Tax and Fee Administration (“CDTFA”) Local Tax Reallocation On October 2, 2024, the City entered into a settlement agreement with CDTFA to reallocate sales tax revenues that had been overremitted during the fiscal year 2025. As part of the agreement, the City committed to remit future sales tax revenues to CDTFA with a total of $8,480,161. During the fiscal year ended June 30, 2025, the City remitted $5,193,985 to CDTFA from sales tax revenues collection. As of June 30, 2025, the outstanding balance owed to CDTFA was $3,286,175.

Note 13 – Concentration Risk
The City has an economic dependency on revenues generated directly or indirectly from one company. For the year ended June 30, 2025, more than 10 percent of the City General Fund's total revenues are derived from the company.

The City's operations would be adversely impacted if there are any significant declines in taxes received from the company.

Note 14 – Stewardship, Compliance and Accountability
A. Deficit Fund Balance/Net Position
At June 30, 2025, the following fund had a unrestricted net position (deficit):

Fund Fund Type Deficit
Retiree Medical Internal Service Fund $ (2,461)
City management believes the present cash position of the Internal Service Funds are adequate to meet current needs.

B. Excess of Expenditures over Appropriations
Total expenditures exceeded budgeted appropriations in the following funds:

Final
Funds Appropriations Expenditures Excess
Public Facilities Corporation Debt Service Fund $ 2,676,200 $ 2,677,700 $ (1,500) Nonmajor Governmental Funds
Environmental Management/Clean Creeks Special Revenue Fund 2,021,239 2,046,348 (25,109) 216
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City of Cupertino
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2025
90 Note 15 – Restatements and Prior Period Adjustments of Beginning Net Position and Fund Balance During fiscal year 2025, restatements and prior period adjustments of beginning net position and fund balances are as follows:

June 30, 2024
As Previously Change in Accounting Error June 30, 2024
Reported Principle Corrections As Restated
Government-Wide
Governmental Activities $ 414,518,394 $ 338,092 $ 5,742,773 $ 420,599,259 Business-Type Activities 9,858,579 65,359 - 9,923,938
Total primary government $ 424,376,973 $ 403,451 $ 5,742,773 $ 430,523,197 Enterprise Funds:

Major Funds:

Resourses Recovery Enterprise Fund $ 5,122,605 $ 8,283 $ - $ 5,130,888 Recreation Programs Enterprise Fund 2,753,355 11,489 - 2,764,844 Cupertino Sports Center Enterprise Fund 1,225,464 43,942 - 1,269,406 Nonmajor Enterprise Fund:

Blackberry Farm Nonmajor Enterprise Fund 757,155 1,645 - 758,800 Total Enterprise Funds $ 9,858,579 $ 65,359 $ - $ 9,923,938 Internal Service Funds $ 6,528,882 $ 44,561 $ - $ 6,573,443 Error Correction
Governmental activities are restated to report the water infrastructure beginning balance with the amount of $5,338,561, as well as construction in progress relating to water infrastructure for $397,600. Additionally, the correction of the beginning balance of the accumulated depreciation for machinery and equipment was made in amount of $6,612.

Implementation of GASB Statement No. 101, Compensated Absences Effective for the fiscal year ended June 30, 2025, the City implemented GASB Statement No. 101, Compensated Absences. This statement establishes accounting and financial reporting standards for compensated absences, including vacation, sick leave, and other paid time off. The implementation of GASB 101 resulted in a change in accounting principle, and prior year amounts have been restated accordingly.

Under GASB 101, a liability must be recognized for leave that is attributable to services already rendered, accumulates and carries forward to future periods, and is more likely than not to be used or paid. This represents a shift from previous guidance, particularly in how likelihood and eligibility are assessed. The effect of the restatement is as shown above. 217
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REQUIRED SUPPLEMENTARY

INFORMATION (UNAUDITED)
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Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes $ 61,879,701 $ 66,330,739 $ 70,837,599 $ 4,506,860 Use of money and property 4,697,122 4,818,621 14,804,318 9,985,697 Intergovernmental 2,471,990 1,827,177 2,962,429 1,135,252 Licenses and permits 3,665,866 3,665,866 5,755,842 2,089,976 Charges for services 15,469,136 12,355,172 14,757,441 2,402,269 Fines and forfeitures 395,000 395,000 394,405 (595)
Other revenue 1,210,653 1,370,415 2,056,694 686,279
Total revenues 89,789,468 90,762,990 111,568,728 20,805,738 EXPENDITURES:

Current:

Administration 7,778,063 6,579,111 7,074,451 (495,340)
Law enforcement 18,648,806 18,708,806 17,386,971 1,321,835 Innovation and Technology 3,122,993 3,729,100 3,241,574 487,526 Administrative services 7,427,776 7,881,494 8,216,429 (334,935) Recreation services 6,126,316 7,240,919 7,612,682 (371,763) Community development 11,524,580 12,079,835 12,500,932 (421,097) Public works 27,873,662 37,991,518 28,702,541 9,288,977 Capital outlay 190,000 538,347 1,108,602 (570,255)
Debt service:

Principal - - 553,163 (553,163)
Interest and fiscal charges - - 14,498 (14,498)
Total expenditures 82,692,196 94,749,130 86,411,843 8,337,287 Excess (deficiency) of revenues over
expenditures 7,097,272 (3,986,140) 25,156,885 29,143,025 OTHER FINANCING SOURCES (USES):

Inception of subscription liability - - 523,417 523,417 Proceeds from the sale of capital assets - - 2,912,435 2,912,435 Transfers in 15,000 348,334 348,334 -
Transfers out (7,349,598) (11,504,732) (13,199,130) (1,694,398) Total other financing sources (uses) (7,334,598) (11,156,398) (9,414,944) 1,741,454 NET CHANGE IN FUND BALANCE $ (237,326) $ (15,142,538) 15,741,941 $ 30,884,479 FUND BALANCE:

Beginning of year 166,095,319
End of year $ 181,837,260
City of Cupertino
Required Supplementary Information
Budgetary Comparison Schedule - General Fund
For the Year Ended June 30, 2025
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Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property $ 348,000 $ 348,000 $ 748,039 $ 400,039 Intergovernmental 8,778,004 7,504,574 5,649,963 (1,854,611) Charges for services 15,000 15,000 2,214 (12,786)
Other revenue - - 3,433 3,433
Total revenues 9,141,004 7,867,574 6,403,649 (1,463,925) EXPENDITURES:

Current:

Public works 3,687,487 4,721,810 4,694,339 27,471
Capital outlay 6,917,691 4,628,419 3,996,786 631,633
Total expenditures 10,605,178 9,350,229 8,691,125 659,104 Excess (deficiency) of revenues over
expenditures (1,464,174) (1,482,655) (2,287,476) (804,821) OTHER FINANCING SOURCES(USES):

Transfers in 1,962,580 2,262,580 2,610,158 347,578
Transfers out - (693,000) (693,000) -
Total other financing sources(uses) 1,962,580 1,569,580 1,917,158 347,578 NET CHANGE IN FUND BALANCE $ 498,406 $ 86,925 (370,318) $ (457,243) FUND BALANCE:

Beginning of year 13,635,358
End of year $ 13,265,040
City of Cupertino
Required Supplementary Information
Budgetary Comparison Schedule - Transportation Special Revenue Fund For the Year Ended June 30, 2025
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Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes $ 4,532,926 $ 4,532,926 $ 457,847 $ (4,075,079)
Use of money and property 145,944 145,944 351,276 205,332 Intergovernmental 218,437 170,544 241,797 71,253
Total revenues 4,897,307 4,849,414 1,050,920 (3,798,494) EXPENDITURES:

Current:

Community development 1,423,697 1,396,013 847,299 548,714 Total expenditures 1,423,697 1,396,013 847,299 548,714
Excess (deficiency) of revenues over
expenditures 3,473,610 3,453,401 203,621 (3,249,780)
OTHER FINANCING SOURCES:

Transfers in - 53,570 94,258 40,688
Total other financing sources - 53,570 94,258 40,688
NET CHANGE IN FUND BALANCE $ 3,473,610 $ 3,506,971 297,879 $ (3,209,092) FUND BALANCE:

Beginning of year 11,103,256
End of year $ 11,401,135
City of Cupertino
Required Supplementary Information
Budgetary Comparison Schedule - Housing Development Special Revenue Fund For the Year Ended June 30, 2025
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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. Operating 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. Original budget amounts are presented on the accompanying budgetary statements include these legally adopted amounts.

Budgets for governmental funds are adopted on a basis consistent with accounting principles generally accepted in the United States of America. The City's legal level of budgetary control is at the fund level for all funds. The City Manager is responsible for controlling the City's expenditures in accordance with the adopted budget. The City Manager is authorized to administer and transfer appropriations between budget accounts within the operating budget when in his opinion such transfers become necessary for administrative purposes. Any revision which 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.

City of Cupertino
Required Supplementary Information
Notes to the Budgetary Comparison Schedules
For the Year Ended June 30, 2025
Budget and Budgetary Accounting
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Measurement period 2023-24 2022-23 2021-22 2020-21 2019-20 Total pension liability
Service cost $ 4,256,243 $ 4,097,215 $ 3,614,486 $ 3,392,942 $ 3,241,719 Interest 12,577,249 11,919,333 11,312,835 10,907,002 10,302,395 Changes of benefit terms - 201,460 - - -
Changes of assumptions - 5,380,881 - - -
Differences between expected and actual experience 2,583,077 2,085,468 (188,249) 2,212,836 444,188 contributions (9,408,506) (8,879,755) (8,451,800) (7,937,592) (6,815,494) Net change in total pension liability 10,008,063 9,423,721 11,668,153 8,575,188 7,172,808 Total pension liability - beginning 182,272,023 172,848,302 161,180,149 152,604,961 145,432,153 Total pension liability - ending (a) $ 192,280,086 $ 182,272,023 $ 172,848,302 $ 161,180,149 $ 152,604,961 Pension fiduciary net position
Contributions - employer $ 7,230,634 $ 7,183,364 $ 6,396,030 $ 5,957,595 $ 5,308,579 Contributions - employee 1,824,533 1,825,602 1,632,861 1,560,532 1,429,446 Net investment income 12,071,573 7,184,605 (9,612,070) 23,553,078 4,975,822 Benefit payments, including refunds of employee contributions (9,408,506) (8,879,755) (8,451,800) (7,937,592) (6,815,494) Net Plan to Plan Resource Movement - - - - -
Administrative expense (101,091) (86,042) (79,189) (103,981) (140,036) Other Miscellaneous Income/(Expense)
1 - - - - -
Net change in plan fiduciary net position 7,227,774 11,617,143 (10,114,168) 23,029,632 4,758,317 Plan fiduciary net position - beginning2 124,235,178 117,007,404 127,121,572 104,091,940 99,333,623 Plan fiduciary net position - ending (b) $ 135,852,321 $ 124,235,178 $ 117,007,404 $ 127,121,572 $ 104,091,940 Plan net pension liability - ending (a) - (b) $ 56,427,765 $ 58,036,845 $ 55,840,898 $ 34,058,577 $ 48,513,021 Plan fiduciary net position as a percentage
of the total pension liability 70.65% 68.16% 67.69% 78.87% 68.21% Covered payroll3 $ 24,019,430 $ 23,043,952 $ 20,455,494 $ 20,427,103 $ 18,662,748 Plan net pension liability as a percentage of
covered payroll 234.93% 251.85% 272.99% 166.73% 259.95% Notes to Schedule:

Changes of Assumptions: There were no assumption changes in 2023 or 2024. Effective with the June 30, 2021, valuation date (June 30, 2022, measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. In addition, demographic assumptions and the price inflation assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement dates June 30, 2017, through June 30, 2021, and 7.65% for measurement dates June 30, 2015, through June 30, 2016.

Agent Multiple Employer Defined Benefit Retirement Plan - Miscellaneous Plan 1 During Fiscal Year 2017-18, as a result of Governmental Accounting Standards Board Statement (GASB) No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CalPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California’s agent OPEB plan. Accordingly, CalPERS recorded a one-time expense as a result of the adoption of GASB 75. Additionally, CalPERS employees participate in various State of California agent pension plans and during Fiscal Year 2017 -18, CalPERS recorded a correction to previously reported financial statements to properly reflect its proportionate share of activity related to pensions in accordance with GASB Statement No. 68, Accounting and Financial Reporting for Pensions (GASB 68).
2 Includes any beginning of year adjustment.

Changes of Benefit Terms: The figures above generally include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary. 3 Includes one year’s payroll growth using 2.80% payroll growth assumption for fiscal years ended in 2022 through 2024; 2.75% payroll growth assumption for fiscal years ended in 2018 through 2021; 3.00% payroll growth assumption for fiscal years ended in 2014 through 2017.

City of Cupertino
Required Supplementary Information (Unaudited)
Schedule of Changes in the Net Pension Liability and Related Ratios For the Year Ended June 30, 2025
Last Ten Fiscal Years
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Measurement period 2018-19 2017-18 2016-17 2015-16 2014-15 Total pension liability
Service cost $ 3,324,361 $ 3,058,629 $ 2,895,549 $ 2,525,314 $ 2,444,939 Interest 9,800,245 9,065,322 8,619,588 8,253,983 7,789,134 Changes of benefit terms - - - - -
Changes of assumptions (847,606) - 7,125,558 (1,883,633) - Differences between expected and actual experience 4,144,384 1,184,340 (182,397) 696,347 372,917 contributions (6,193,271) (6,051,845) (5,346,890) (5,151,298) (4,637,005) Net change in total pension liability 11,075,719 6,408,840 13,111,408 6,324,346 4,086,352 Total pension liability - beginning 134,356,434 127,947,594 114,836,186 108,511,840 104,425,488 Total pension liability - ending (a) $ 145,432,153 $ 134,356,434 $ 127,947,594 $ 114,836,186 $ 108,511,840 Pension fiduciary net position
Contributions - employer $ 4,654,841 $ 4,263,020 $ 4,183,822 $ 3,659,170 $ 3,301,642 Contributions - employee 1,364,731 1,506,888 1,236,052 1,169,921 1,149,894 Net investment income 6,096,968 7,347,936 8,749,288 466,704 1,724,204 Benefit payments, including refunds of employee contributions (6,193,271) (6,051,845) (5,346,890) (5,151,298) (4,637,005) Net Plan to Plan Resource Movement (216) - - - -
Administrative expense2 (135,263) (66,707) (115,304) (47,536) (87,780) Other Miscellaneous Income/(Expense)
2 (256,867) 216 - - -
Net change in plan fiduciary net position 6,673,653 5,856,778 8,706,968 96,961 1,450,955 Plan fiduciary net position - beginning3 93,476,845 86,803,192 78,096,224 77,999,263 76,548,308 Plan fiduciary net position - ending (b) $ 99,333,623 $ 93,476,845 $ 86,803,192 $ 78,096,224 $ 77,999,263 Plan net pension liability - ending (a) - (b) $ 46,098,530 $ 40,879,589 $ 41,144,402 $ 36,739,962 $ 30,512,577 Plan fiduciary net position as a percentage
of the total pension liability 68.30% 69.57% 67.84% 68.01% 71.88% Covered payroll4 $ 18,461,490 $ 16,809,349 $ 15,595,136 $ 14,336,969 $ 13,504,966 Plan net pension liability as a percentage of
covered payroll 249.70% 243.20% 263.83% 256.26% 225.94% City of Cupertino
Required Supplementary Information (Unaudited)
Schedule of Changes in the Net Pension Liability and Related Ratios (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years
Agent Multiple Employer Defined Benefit Retirement Plan - Miscellaneous Plan 99 226
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Fiscal Year End1 2024-25 2023-24 2022-23 2021-22 2020-21 Actuarially determined contribution2 $ 7,230,634 7,717,621 $ 7,183,364 $ 6,396,030 $ 5,957,595 $ Contributions in relation to the actuarially
determined contribution2 (17,717,621) (7,230,634) (7,183,364) (6,396,030) (5,957,595) Contribution deficiency (excess) $ (10,000,000) $ - $ - $ - $ - Covered payroll3 $ 24,019,430 24,691,974 $ 23,043,952 $ 20,455,494 $ 20,427,103 $ Contributions as a percentage of covered payroll3 71.75% 30.10% 31.17% 31.27% 29.17% Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry Age Actuarial Cost Method
Amortization method/period For details, see June 30, 2021, funding valuation report.

Asset valuation method Fair Value of Assets. For details, see June 30, 2021, funding valuation report.

Inflation 2.30%
Salary increases Varies by entry age and service
Payroll Growth 2.80%
Investment rate of return
Retirement age
Mortality
City of Cupertino
Required Supplementary Information (Unaudited)
Schedule of Contributions - Pension
For the Year Ended June 30, 2025
Last Ten Fiscal Years
Agent Multiple Employer Defined Benefit Retirement Plan - Miscellaneous Plan The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2023-24 were derived from the June 30, 2021 funding valuation report.
1 As prescribed in GASB 68, paragraph 46, the information presented in the Schedule of Plan Contributions should also be presented as of the employer’s most recent fiscal year-end.
2 Employers are assumed to make contributions equal to the actuarially determined contributions. However, some employers may choose to make additional contributions towards their unfunded liability. Employer contributions for such plans exceed the actuarially determined contributions.

6.80% net of pension plan investment and administrative expenses; includes inflation.

The probabilities of retirement are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.

The probabilities of mortality are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. Mortality rates incorporate full generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. 3 Includes one year’s payroll growth using 2.80% payroll growth assumption for fiscal years ended June 30, 2022 through 2024; 2.75% payroll growth assumption for fiscal years ended in 2018 through 2021; 3.00% payroll growth assumption for fiscal years ended in 2015 through 2017. 100 227
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Fiscal Year End 2019-20 2018-19 2017-18 2016-17 2015-16 Actuarially determined contribution $ 5,308,579 $ 4,654,841 $ 4,263,020 $ 4,183,822 $ 3,659,170 Contributions in relation to the actuarially
determined contribution (5,308,579) (4,654,841) (4,263,020) (4,183,822) (3,659,170) Contribution deficiency (excess) $ - $ - $ - $ - $ -
Covered payroll $ 18,662,748 $ 18,461,490 $ 16,809,349 $ 15,595,136 $ 14,336,969 Contributions as a percentage of covered payroll 28.44% 25.21% 25.36% 26.83% 25.52% City of Cupertino
Required Supplementary Information (Unaudited)
Schedule of Contributions - Pension (Continued)
For the Year Ended June 30, 2025
Last Ten Fiscal Years
Agent Multiple Employer Defined Benefit Retirement Plan - Miscellaneous Plan 101 228
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Measurement period 2024-25 2023-24 2022-23 2021-22
Total OPEB liability
Service cost $ 1,437,854 $ 1,312,300 $ 1,260,000 $ 1,015,000 Interest 2,643,549 2,311,698 1,967,000 1,921,000
Changes of benefit terms - - - -
Difference between expected and actual experience 578,892 4,437,000 - - Changes of assumptions (1,226,828) 3,583,364 (492,000) - Benefit payments, including refunds of employee
contributions (2,108,622) (2,350,230) (1,753,000) (1,691,000) Net change in total OPEB liability 5,098,740 1,083,237 5,419,000 1,245,000 Total OPEB liability - beginning 35,290,000 40,388,740 29,871,586 28,626,586 Total OPEB liability - ending (a) $ 40,388,740 41,471,977 $ 35,290,586 $ 29,871,586 $ Contributions - employer 2,350,230 722,863 1,753,000 1,691,000 Net investment income 4,851,326 4,814,071 3,484,000 (6,568,000) Benefit payments (2,350,230) (2,108,622) (1,753,000) (1,691,000) Administrative expense (130,113) (123,483) (116,000) (117,000) Net change in fiduciary net position 3,304,829 4,721,213 3,368,000 (6,685,000) Plan fiduciary net position - beginning 34,708,000 38,012,829 31,340,044 38,025,044 Plan fiduciary net position - ending (b) $ 38,012,829 42,734,042 $ 34,708,044 $ 31,340,044 $ Net OPEB liability (asset) - ending (a-b) $ 2,375,911 (1,262,065) $ 582,542 $ (1,468,458) $ Plan fiduciary net position as a percentage
of the total OPEB liability 103.04% 94.12% 98.35% 104.92% Covered-employee payroll $ 26,587,600 25,846,227 $ 27,343,833 $ 24,015,350 $ Plan OPEB liability
as a percentage of covered employee payroll -4.88% 8.94% 2.13% -6.11% Notes to Schedule:
* Fiscal year 2017 was the 1st year of implementation, therefore only nine (9) years are shown.

For the Year Ended June 30, 2025
Schedule of Changes in the Net Other Postemployment Benefits Liability and Related Ratios Required Supplementary Information (Unaudited)
City of Cupertino
Single Employer Defined Benefit Other Post Employment Benefit Plan Last Ten Fiscal Years*
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Measurement period 2020-21 2019-20 2018-19 2017-18 2016-17 Total OPEB liability
Service cost $ 844,000 $ 1,009,000 $ 865,260 $ 1,007,863 $ 907,986 Interest 2,042,000 1,985,000 2,004,581 1,876,280 1,780,898 Changes of benefit terms - - - - -
Difference between expected and actual experience (4,688,000) (1,808,295) - - - Changes of assumptions 640,000 1,761,000 (36,407) - -
Benefit payments, including refunds of employee
contributions (1,489,506) (1,550,068) (1,423,109) (1,419,221) (1,332,975) Net change in total OPEB liability 3,265,494 (2,712,068) (397,970) 1,464,922 1,355,909 Total OPEB liability - beginning 28,073,160 31,338,654 28,471,130 27,006,208 25,650,299 Total OPEB liability - ending (a) $ 31,338,654 28,626,586 $ 28,073,160 $ 28,471,130 $ 27,006,208 $ Contributions - employer 1,550,068 1,489,506 1,423,109 1,419,221 1,332,975 Net investment income 8,775,796 272,722 1,259,390 2,364,652 2,959,614 Benefit payments (1,550,068) (1,489,506) (1,423,109) (1,419,221) (1,332,975) Administrative expense (121,000) (120,708) (97,301) (53,582) (48,629) Net change in fiduciary net position 152,014 8,654,796 1,162,089 2,311,070 2,910,985 Plan fiduciary net position - beginning 29,218,234 29,370,248 28,056,145 25,745,075 22,834,090 Plan fiduciary net position - ending (b) $ 29,370,248 38,025,044 $ 29,218,234 $ 28,056,145 $ 25,745,075 $ Net OPEB liability (asset) - ending (a-b) $ 1,968,406 (9,398,458) $ (1,145,074) $ 414,985 $ 1,261,133 $ Plan fiduciary net position as a percentage
of the total OPEB liability 132.83% 93.72% 104.08% 98.54% 95.33% Covered-employee payroll $ 21,643,061 23,081,960 $ 20,085,777 $ 19,153,396 $ 17,255,340 $ Plan OPEB liability
as a percentage of covered employee payroll -40.72% 9.09% -5.70% 2.17% 7.31% Notes to Schedule:
* Fiscal year 2017 was the 1st year of implementation, therefore only nine (9) years are shown.

Single Employer Defined Benefit Other Post Employment Benefit Plan City of Cupertino
Required Supplementary Information (Unaudited)
Schedule of Changes in the Net Other Postemployment Benefits Liability and Related Ratios (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years*
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2024-25 2023-24 2022-23 2021-22
Actuarially determined contribution 1,256,115 $ 1,675,019 $ 1,592,398 $ 128,715 $ 722,863 2,350,230 1,753,000 1,691,000
Contribution deficiency (excess) $ (1,094,115) $ 952,156 $ (160,602) $ (1,562,285) Covered-employee payroll $ 25,846,227 $ 26,587,600 $ 27,343,833 $ 24,015,350 Contributions as a percentage of coveredemployee payroll 9.09% 2.72% 6.41% 7.04% Notes to Schedule:

Valuation Date June 30, 2025
Timing
Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry Age
Amortization method Level Percent of Pay, Closed, 7.5 years as of 7/1/2023 Asset valuation method Fair value of assets
Discount rate 6.50%
Amortization growth rate 2.75%
Ultimate rate of medical inflation 3.94%
Salary increases 2.75% plus merit component based on years of service Mortality CalPERS 2021 mortality assumptions
City of Cupertino
Required Supplementary Information (Unaudited)
Schedule of Contributions - Other Postemployment Benefits For the Year Ended June 30, 2025
Last Ten Fiscal Years*
Single Employer Defined Benefit OPEB Plan
Contributions in relation to the actuarially determined contribution
Actuarially determined contributions are calculated based on the most recently performed actuarial valuation
* Fiscal year 2017 was the 1st year of implementation, therefore only nine (9) years are shown. 104 231
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2020-21 2019-20 2018-19 2017-18 2016-17
Actuarially determined contribution $ 123,712 $ 1,401,176 $ 1,300,357 $ 1,361,806 $ 1,116,764 1,550,068 1,489,506 1,423,109 1,419,221 1,332,975
Contribution deficiency (excess) $ (1,426,356) $ (88,330) $ (122,752) $ (57,415) $ (216,211) Covered-employee payroll $ 23,081,960 $ 21,643,061 $ 20,085,777 $ 19,153,396 $ 17,255,340 Contributions as a percentage of coveredemployee payroll 6.72% 6.88% 7.09% 7.41% 7.72% Notes to Schedule:

Valuation Date June 30, 2025
Timing
Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry Age
Amortization method Level Percent of Pay, Closed, 7.5 years as of 7/1/2023 Asset valuation method Fair value of assets
Discount rate 6.50%
Amortization growth rate 2.75%
Ultimate rate of medical inflation 3.94%
Salary increases 2.75% plus merit component based on years of service Mortality CalPERS 2021 mortality assumptions
City of Cupertino
Required Supplementary Information (Unaudited)
Schedule of Contributions - Other Postemployment Benefits (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years*
Single Employer Defined Benefit OPEB Plan
Contributions in relation to the actuarially determined contribution
Actuarially determined contributions are calculated based on the most recently performed actuarial valuation
* Fiscal year 2017 was the 1st year of implementation, therefore only nine (9) years are shown. 105 232
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SUPPLEMENTARY

INFORMATION
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City of Cupertino
Major Governmental Funds
Other than the General Fund and Special Revenue Funds
This section is provided for the presentation of budget-to-actual schedules for the Public Facilities Corporation Debt Service Fund and the Capital Improvement Projects Capital Projects Fund. Although the funds are considered to be major government funds, budget- toactual information in the required supplementary information is limited to the General Fund and major Special Revenue Funds. All other major governmental fund schedules with such information are therefore included as Supplemental Information.

Capital Improvement Projects Capital Projects Fund - This fund accounts for activities related to the acquisition or construction of major capital facilities.
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Original Final Variance with
Budget Budget Actual Final Budget
EXPENDITURES:

Current:

Administration $ - $ - $ 1,500 $ (1,500)
Debt service:

Principal 2,115,000 2,115,000 2,115,000 -
Interest and fiscal charges 561,200 561,200 561,200 -
Total expenditures 2,676,200 2,676,200 2,677,700 (1,500) Excess (deficiency) of revenues over
expenditures (2,676,200) (2,676,200) (2,677,700) (1,500) OTHER FINANCING SOURCES:

Transfers in 2,676,200 2,676,200 2,677,450 1,250
Total other financing sources 2,676,200 2,676,200 2,677,450 1,250 NET CHANGE IN FUND BALANCE $ - $ - (250) $ (250)
FUND BALANCE:

Beginning of year 250
End of year $ -
City of Cupertino
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Public Facilities Corporation Debt Service Fund
For the Year Ended June 30, 2025
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Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property $ - $ 821,189 - $ $ 821,189
Intergovernmental 5,850,000 1,207,951 2,656,151 1,448,200 Total revenues 5,850,000 1,207,951 3,477,340 2,269,389
EXPENDITURES:

Capital outlay 13,810,000 6,236,342 6,057,035 179,307
Total expenditures 13,810,000 6,236,342 6,057,035 179,307 Excess (deficiency) of revenues over
expenditures (7,960,000) (5,028,391) (2,579,695) 2,448,696 OTHER FINANCING SOURCES (USES):

Transfers in 7,785,000 12,838,354 4,763,000 (8,075,354) Transfers out (8,247,580) (9,171,268) (1,095,914) 8,075,354 Total other financing sources (uses) (462,580) 3,667,086 3,667,086 - NET CHANGE IN FUND BALANCE $ (8,422,580) $ (1,361,305) 1,087,391 $ 2,448,696 FUND BALANCE:

Beginning of year 31,971,103
End of year $ 33,058,494
City of Cupertino
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Capital Improvement Projects Capital Projects Fund
For the Year Ended June 30, 2025
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Environmental Management I Clean Creeks - This fund accounts for all activities related to operating the non-point source pollution program. A parcel tax provides revenues.

NONMAJOR GOVERNMENTAL FUNDS
All funds not considered as major funds on the Fund Financial Statements are consolidated in one column entitled "Other Governmental Funds." These non-major funds are identified and included in this supplementary section and includes the City's Special Revenue Funds and Capital Project Funds.

Storm Drain Improvement - This fund accounts for the construction and maintenance of storm drain facilities including drainage and sanitary sewer facilities. Revenues were collected from developers as a result of connections to the storm drainage sewer system.

Park Dedication - This fund 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.

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.

Traffic Impact - This fund accounts for development impact fees and related that ensure that new development and redevelopment projects pay their "fair share" to mitigate traffic impacts.

CAPITAL PROJECTS FUNDS
Capital Projects Funds account for the financial resources committed to the construction or improvement of major facilities.

Stevens Creek Corridor Park Capital Projects Fund - This fund accounts for the design and construction of the Stevens Creek Corridor Park projects.
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Storm Environmental
Drain Park Management/ Traffic
Improvement Dedication Clean Creeks Impact
ASSETS
Cash and investments 2,391,339 $ 20,902,637 $ 956,143 $ 909,879 $ Accounts receivable - - 67,557 -
Interest receivable 16,637 145,425 6,602 6,330
Total assets 21,048,062 2,407,976 1,030,302 916,209

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable and accruals - 37,670 21,860 -
Total liabilities 37,670 - 21,860 -
Deferred inflows of resources:

Unavailable revenues - - 52,743 -
Total deferred inflows of resources - - 52,743 -
Fund balances:

Restricted 2,407,976 21,010,392 955,699 916,209
Assigned - - - -
Total fund balances 21,010,392 2,407,976 955,699 916,209 Total liabilities and fund balances $ 21,048,062 2,407,976 $ 977,559 $ 916,209 $ Special Revenue Funds
City of Cupertino
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
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Capital Projects
Fund
Total Nonmajor
Stevens Creek Governmental
Corridor Park Funds
ASSETS
Cash and investments $ 25,317,964 157,966 $
Accounts receivable 67,557 -
Interest receivable 174,994 -
Total assets 25,560,515 157,966

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable and accruals 59,530 -
Total liabilities 59,530 -
Deferred inflows of resources:

Unavailable revenues 52,743 -
Total deferred inflows of resources 52,743 -
Fund balances:

Restricted 25,290,276 -
Assigned 157,966 157,966
Total fund balances 25,448,242 157,966
Total liabilities and fund balances $ 25,560,515 157,966 $ City of Cupertino
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
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Storm Environmental
Drain Park Management/ Traffic
Improvement Dedication Clean Creeks Impact
Revenues:

Taxes 98,721 $ 999,000 $ - $ - $
Use of money and property 116,075 1,012,273 46,939 43,430 Charges for services - 14,737 1,513,139 59,892
Fines and forfeitures - - 2,970 -
Other revenue - 2,499 - -
Total revenues 2,028,509 214,796 1,563,048 103,322
Expenditures:

Current:

Public works - - 2,046,348 -
Capital outlay - 126,040 - -
Total expenditures 126,040 - 2,046,348 -
Excess (deficiency) of revenues over
expenditures 1,902,469 214,796 (483,300) 103,322
Other financing sources (uses):

Transfers in - - 470,443 -
Transfers out - (15,000) - -
Total other financing sources (uses) (15,000) - 470,443 - Net Change in Fund Balance 1,887,469 214,796 (12,857) 103,322 Fund balances:

Beginning of year 2,193,180 19,122,923 968,556 812,887
End of year $ 21,010,392 2,407,976 $ 955,699 $ 916,209 $ Special Revenue Funds
City of Cupertino
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2025
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Capital Projects
Fund
Total Nonmajor
Stevens Creek Governmental
Corridor Park Funds
Revenues:

Taxes $ 1,097,721 - $
Use of money and property 3,418 1,222,135
Charges for services 1,587,768 -
Fines and forfeitures - 2,970
Other revenue - 2,499
Total revenues 3,418 3,913,093
Expenditures:

Current:

Public works 2,046,348 -
Capital outlay - 126,040
Total expenditures 2,172,388 -
Excess (deficiency) of revenues over
expenditures 3,418 1,740,705
Other financing sources (uses):

Transfers in - 470,443
Transfers out - (15,000)
Total other financing sources (uses) - 455,443
Net Change in Fund Balance 3,418 2,196,148
Fund balances:

Beginning of year 154,548 23,252,094
End of year $ 25,448,242 157,966 $
City of Cupertino
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
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Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Revenues:

Taxes $ 95,604 $ 95,604 $ 98,721 $ 3,117
Use of money and property 59,000 59,000 116,075 57,075
Total revenues 154,604 154,604 214,796 60,192
NET CHANGE IN FUND BALANCE $ 154,604 $ 154,604 214,796 $ 60,192 Fund balance:

Beginning of year 2,193,180
End of year $ 2,407,976
Budgeted Amounts
City of Cupertino
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Storm Drain Improvement Special Revenue Fund
For the Year Ended June 30, 2025
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Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Revenues:

Taxes $ - $ 999,000 - $ $ 999,000
Use of money and property 480,000 480,000 1,012,273 532,273 Charges for services - - 14,737 14,737
Other revenue - - 2,499 2,499
Total Revenues 480,000 480,000 2,028,509 1,548,509
Expenditures:

Capital outlay 126,041 - 126,040 1
Total Expenditures 126,041 - 126,040 1
Excess (deficiency) of revenues over
expenditures 480,000 353,959 1,902,469 1,548,510
Other Financing Uses:

Transfers out (15,000) (15,000) (15,000) -
Total Other Financing Uses (15,000) (15,000) (15,000) - NET CHANGE IN FUND BALANCE $ 465,000 $ 338,959 1,887,469 $ 1,548,510 FUND BALANCE:

Beginning of year 19,122,923
End of year $ 21,010,392
City of Cupertino
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the Year Ended June 30, 2025
Budgeted Amounts
Park Dedication Special Revenue Fund
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Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Revenues:

Use of money and property $ 10,000 $ 10,000 $ 46,939 $ 36,939 Charges for services 1,865,000 1,865,000 1,513,139 (351,861) Fines and forfeitures 20,000 20,000 2,970 (17,030)
Total Revenues 1,895,000 1,895,000 1,563,048 (331,952)
Expenditures:

Current:

Public works 1,912,473 2,021,239 2,046,348 (25,109)
Total Expenditures 1,912,473 2,021,239 2,046,348 (25,109) Excess (deficiency) of revenues over
expenditures (17,473) (126,239) (483,300) (306,843)
Other Financing Sources:

Transfers in 279,000 279,000 470,443 191,443
Total Other Financing Sources 279,000 279,000 470,443 191,443 NET CHANGE IN FUND BALANCE $ 261,527 $ 152,761 (12,857) $ (165,618) FUND BALANCE:

Beginning of year 968,556
End of year $ 955,699
Budgeted Amounts
City of Cupertino
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Environmental Management/Clean Creeks Special Revenue Fund For the Year Ended June 30, 2025
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Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Revenues:

Use of money and property $ 20,000 $ 20,000 $ 43,430 $ 23,430 Charges for services - - 59,892 59,892
Total Revenues 20,000 20,000 103,322 83,322
NET CHANGE IN FUND BALANCE $ 20,000 $ 20,000 103,322 $ 83,322 FUND BALANCE:

Beginning of year 812,887
End of year $ 916,209
Budgeted Amounts
City of Cupertino
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Traffic Impact Special Revenue Fund
For the Year Ended June 30, 2025
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Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Revenues:

Use of money and property $ - $ - $ 3,418 $ 3,418
Total Revenues - - 3,418 3,418
Expenditures:

Capital outlay - 1,899 - 1,899
Total Expenditures - 1,899 - 1,899
NET CHANGE IN FUND BALANCE $ - $ (1,899) 3,418 $ 5,317
FUND BALANCE:

Beginning of year 154,548
End of year $ 157,966
Budgeted Amounts
City of Cupertino
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Stevens Creek Corridor Park Capital Projects Fund
For the Year Ended June 30, 2025
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NONMAJOR ENTERPRISE FUND
Proprietary funds account for City operations financed and operated in a manner similar to a private business enterprise.

The intent of the City is that the cost of providing goods and services be financed primarily through user charges.

The City has identified the fund below as a nonmajor proprietary fund.

Blackberry Farm Fund - This fund accounts for activities related to operating the City-owned golf course. 123 250
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Blackberry
Farm
ASSETS
Current assets:

Cash and investments $ 915,697
Interest receivable 6,423
Total current assets 922,120
Noncurrent assets:

OPEB assets 9,677
Capital assets:

Depreciable, net 123,122
Total capital assets 123,122
Total noncurrent assets 132,799
Total assets 1,054,919

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions 157,757
Related to other postemployment benefits 39,081
Total deferred outflows of resources 196,838

LIABILITIES
Current Liabilities:

Accounts payable and accruals 24,618
Unearned revenue 83,834
Total current liabilities 108,452
Noncurrent liabilities:

Compensated absences 26,602
Net pension liability 380,599
Total noncurrent liabilities 407,201
Total liabilities 515,653

DEFERRED INFLOW OF RESOURCES
Related to pensions 240
Related to other postemployment benefits 27,077
Total deferred inflows of resources 27,317
NET POSITION:

Net investment in capital assets 123,122
Unrestricted 585,665
Total net position $ 708,787
City of Cupertino
Combining Statement of Net Position
Nonmajor Enterprise Fund
June 30, 2025
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Blackberry
Farm
OPERATING REVENUES:

Charges for services $ 674,474
Others 59,076
Total operating revenues 733,550
OPERATING EXPENSES:

Salaries and benefits 441,044
Materials and supplies 283,674
Contractual services 264,120
Depreciation 16,532
Total operating expenses 1,005,370
OPERATING INCOME (LOSS) (271,820)
NONOPERATING REVENUES:

Investment income 48,777
Total nonoperating revenues 48,777
INCOME (LOSS) BEFORE TRANSFERS (223,043)
TRANSFERS:

Transfers in 173,030
Total transfers 173,030
CHANGES IN NET POSITION (50,013)
NET POSITION:

Beginning of year, as previously reported 757,155
Change in accounting principle (GASB 101) 1,645
Beginning of year, as restated (Note 15) 758,800
End of year $ 708,787
City of Cupertino
Combining Statement of Revenues, Expenses, and Changes in Net Position Nonmajor Enterprise Fund
For the Year Ended June 30, 2025
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Blackberry
Farm
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash received from customers $ 707,881
Cash paid to suppliers for goods and services (562,498) Cash paid to employees for services (385,130)
Net cash used in operating activities (239,747)

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Cash received from other funds 173,030
Net cash provided by noncapital financing activities 173,030 CASH FLOWS FROM INVESTING ACTIVITIES:

Interest received 48,164
Net cash provided by investing activities 48,164
Net change in cash and cash equivalents (18,553)

RECONCILIATION OF CASH AND CASH EQUIVALENTS
TO STATEMENT OF NET POSITION:

Beginning of year 934,250
End of year $ 915,697
CASH AND CASH EQUIVALENTS:

Cash and investments $ 915,697
Total cash and cash equivalents $ 915,697
Reconciliation of Operating Loss to
to Net Cash Provided by Operating Activities:

Operating loss $ (271,820)
Adjustments to reconcile operating loss
to net cash provided by (used in) operating activities:

Depreciation 16,532
Changes in assets and liabilities:
(Increase)/decrease in accounts receivables 2,534
(Increase)/decrease in deferred outflows of resources pension related (85,089) (Increase)/decrease in deferred outflows of resources other postemployment benefit liabilities related (12,904) Increase/(decrease) in accounts payable (14,704)
Increase/(decrease) in unearned revenue (28,203)
Increase/(decrease) in compensated absences 18,847
Increase/(decrease) in net pension liability 136,565
Increase/(decrease) in net other postemployment benefit liabilities (19,921) Increase/(decrease) in deferred inflows of resources pension related (124) Increase/(decrease) in deferred inflows of resources other postemployment benefit liabilities related 18,540 Net cash used in operating activities $ (239,747)
For the Year Ended June 30, 2025
City of Cupertino
Combining Statement of Cash Flows
Nonmajor Enterprise Fund
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Compensated Absences and Long-Term Disability - Accounts for accrued leave payouts and the City's long term disability insurance program.

Retiree Medical - Accounts for funds set-aside for other post-employment retirement benefits.

Equipment Revolving - Accounts for the activities related to the maintenance and replacement of the City's vehicle fleet and other equipment.

INTERNAL SERVICE FUNDS
These funds account for goods or services provided to other departments of the City where the intent of the City is that the costs of these goods or services are to be recovered through interdepartmental charges at the time that the goods are delivered or the services rendered to those departments.

The concept of major funds does not extend to internal service funds because they do not do business with outside parties. For the Statement of Activities, the net revenues or expenses of each internal service fund are eliminated by netting them against the operations of the City departments that generated them. The remaining balance sheet items are consolidated with these same funds in the Statement of Net Position. However, internal service funds are still presented separately in the Fund financial statements.

Information Technology - Accounts for the activities related to the maintenance and replacement of the City's technology infrastructure.

Workers’ Compensation - This fund is used to account for all expenses relating to workers’ compensation (i.e., injury claims, insurance premiums, etc.). The costs are recovered through an annual “user fee” which is charged to all departments/funds that have employees.
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Information Workers' Equipment
Technology Compensation Revolving
ASSETS
Current assets:

Cash and investments 3,389,985 $ 3,885,385 $ 1,380,492 $ Account receivable 111,221 3,566 14,075
Interest receivable 23,433 26,794 9,613
Prepaid expense 28,055 - -
Total current assets 3,915,745 3,552,694 1,404,180
Noncurrent assets:

OPEB assets 649 46,984 19,904
Capital assets:

Nondepreciable 5,031 - 262,679
Depreciable and amortizable, net 586,999 - 1,807,503
Total capital assets 592,030 - 2,070,182
Total noncurrent assets 649 639,014 2,090,086
Total assets 3,916,394 4,191,708 3,494,266

DEFERRED INFLOW OF RESOURCES
Related to pensions 28,644 1,090,981 299,260
Related to other postemployment benefits 2,619 189,754 80,384 Total deferred outflows of resources 31,263 1,280,735 379,644 Current Liabilities:

Accounts payable and accruals 78,757 - 26,687
Accrued payroll and benefits - - 72
Due to other funds - - -
Compensated absences, due within one year 957 8,909 126 Claims payable, due within one year 248,000 - -
Subscription liabilities, due within one year 125,593 - - Lease liabilities, due within one year - - 6,844
Total current liabilities 248,957 213,259 33,729
Noncurrent liabilities:

Compensated absences, due more than one year 11,692 216,796 49,295 Claims payable, due more than one year 1,131,000 - -
Subscription liabilities, due more than one year 14,701 - - Lease liabilities, due more than one year - - 1,717
Net pension liabilities 2,632,053 69,105 721,983
Total noncurrent liabilities 1,211,797 2,863,550 772,995 Total liabilities 1,460,754 3,076,809 806,724

DEFERRED INFLOW OF RESOURCES
Related to pensions 44 1,662 456
Related to other postemployment benefits 1,815 131,471 55,694 Total deferred inflows of resources 1,859 133,133 56,150 NET POSITION:

Net investment in capital assets 451,736 - 2,061,621
Unrestricted (deficit) 1,810,765 2,485,044 949,415
Total net position $ 2,485,044 2,262,501 $ 3,011,036 $
City of Cupertino
Combining Statement of Net Position
Internal Service Funds
June 30, 2025

LIABILITIES
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Absences and
Long-Term Retiree
Disability Medical Total
ASSETS
Current assets:

Cash and investments 50,698 $ - $ 8,706,560 $
Account receivable 1,387,959 - 1,516,821
Interest receivable 353 - 60,193
Prepaid expense - - 28,055
Total current assets 1,387,959 51,051 10,311,629
Noncurrent assets:

OPEB assets - - 67,537
Capital assets:

Nondepreciable - - 267,710
Depreciable and amortizable, net - - 2,394,502
Total capital assets - - 2,662,212
Total noncurrent assets - - 2,729,749
Total assets 1,387,959 51,051 13,041,378

DEFERRED INFLOW OF RESOURCES
Related to pensions - - 1,418,885
Related to other postemployment benefits - - 272,757
Total deferred outflows of resources - - 1,691,642
Current Liabilities:

Accounts payable and accruals - - 105,444
Accrued payroll and benefits - - 72
Due to other funds 1,390,420 - 1,390,420
Compensated absences, due within one year - - 9,992
Claims payable, due within one year - - 248,000
Subscription liabilities, due within one year - - 125,593 Lease liabilities, due within one year - - 6,844
Total current liabilities 1,390,420 - 1,886,365
Noncurrent liabilities:

Compensated absences, due more than one year - - 277,783 Claims payable, due more than one year - - 1,131,000
Subscription liabilities, due more than one year - - 14,701 Lease liabilities, due more than one year - - 1,717
Net pension liabilities - - 3,423,141
Total noncurrent liabilities - - 4,848,342
Total liabilities 1,390,420 - 6,734,707

DEFERRED INFLOW OF RESOURCES
Related to pensions - - 2,162
Related to other postemployment benefits - - 188,980
Total deferred inflows of resources - - 191,142
NET POSITION:

Net investment in capital assets - - 2,513,357
Unrestricted (deficit) 51,051 (2,461) 5,293,814
Total net position $ (2,461) 51,051 $ 7,807,171 $

LIABILITIES
City of Cupertino
Combining Statement of Net Position (Continued)
Internal Service Funds
June 30, 2025
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Technology Compensation Revolving
OPERATING REVENUES:

Charges for services 3,361,178 $ 468,984 $ 1,356,136 $
Other - 113,073 42,931
Total operating revenues 468,984 3,474,251 1,399,067
OPERATING EXPENSES:

Salaries and benefits 1,508,706 47,285 526,643
Materials and supplies 931,293 50,519 351,144
Contractual services 542,683 - 82,023
Insurance and claims and premium - 336,296 -
Depreciation and amortization 180,985 - 350,516
Total operating expenses 434,100 3,163,667 1,310,326
OPERATING INCOME (LOSS) 34,884 310,584 88,741
NONOPERATING REVENUES (EXPENSES):

Investment income 158,061 185,366 40,339
Gain on sale of capital assets - - 14,001
Interest expense (2,148) - -
Total nonoperating revenues 185,366 155,913 54,340
220,250 466,497 143,081
TRANSFERS:

Transfers in 11,543 664,345 120,862
Total transfers 11,543 664,345 120,862
CHANGES IN NET POSITION 231,793 1,130,842 263,943
NET POSITION (DEFICIT):

Beginning of year, as previously reported 1,094,594 2,250,845 2,742,003 Change in accounting principle (GASB 101) 37,065 2,406 5,090 Beginning of year, as restated (Note 15) 1,131,659 2,253,251 2,747,093 End of year $ 2,485,044 2,262,501 $ 3,011,036 $

INCOME (LOSS) BEFORE TRANSFERS
City of Cupertino
Combining Statement of Revenues, Expenses, and Changes in Net Position Internal Service Funds
For the Year Ended June 30, 2025
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Compensated
Absences and
Long-Term Retiree
Disability Medical Total
OPERATING REVENUES:

Charges for services 98,527 $ - $ 5,284,825 $
Other - - 156,004
Total operating revenues - 98,527 5,440,829
OPERATING EXPENSES:

Salaries and benefits 1,564,230 - 3,646,864
Materials and supplies 12,716 16,647 1,362,319
Contractual services - - 624,706
Insurance and claims and premium 1,100,818 - 1,437,114
Depreciation and amortization - - 531,501
Total operating expenses 1,580,877 1,113,534 7,602,504
OPERATING INCOME (LOSS) (1,580,877) (1,015,007) (2,161,675) NONOPERATING REVENUES (EXPENSES):

Investment income 19,630 6 403,402
Gain on sale of capital assets - - 14,001
Interest expense - - (2,148)
Total nonoperating revenues 6 19,630 415,255
(1,580,871) (995,377) (1,746,420)
TRANSFERS:

Transfers in 1,592,398 591,000 2,980,148
Total transfers 1,592,398 591,000 2,980,148
CHANGES IN NET POSITION 11,527 (404,377) 1,233,728
NET POSITION (DEFICIT):

Beginning of year, as previously reported 455,428 (13,988) 6,528,882 Change in accounting principle (GASB 101) - - 44,561
Beginning of year, as restated (Note 15) 455,428 (13,988) 6,573,443 End of year $ (2,461) 51,051 $ 7,807,171 $

INCOME (LOSS) BEFORE TRANSFERS
City of Cupertino
Combining Statement of Revenues, Expenses, and Changes in Net Position (Continued) Internal Service Funds
For the Year Ended June 30, 2025
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Information Workers' Equipment
Technology Compensation Revolving
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash received from customers and users 3,363,030 $ 465,418 $ 1,384,992 $ Cash paid to suppliers for goods and services (386,815) (1,572,246) (425,906) Cash paid to employees for services (2,260,108) (56,187) (627,730) Cash paid for insurance claims - 106,000 -
Net cash provided by (used in) operating activities 128,416 (469,324) 331,356

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Cash received from other funds 664,345 11,543 120,862
Net cash provided by (used in) noncapital financing activities 664,345 11,543 120,862

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Acquisition of capital assets - (264,441) -
Principal paid (125,986) - (6,808)
Interest paid (2,148) - -
Proceeds from sale of capital assets - - 14,001
Net cash (used in) capital and related
financing activities (128,134) (257,248) -
CASH FLOWS FROM INVESTING ACTIVITIES:

Interest earnings 154,291 180,654 40,991
Net cash provided by (used in) investing activities 154,291 180,654 40,991 Net change in cash and cash equivalents 221,178 320,613 235,961 CASH AND CASH EQUIVALENTS:

Beginning of year 3,168,807 3,564,772 1,144,531
End of year $ 3,885,385 3,389,985 $ 1,380,492 $
(Continued)
City of Cupertino
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2025
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Compensated
Absences and
Long-Term Retiree
Disability Medical Total

CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers and users 98,527 $ - $ 5,311,967 $ Cash paid to suppliers for goods and services (16,647) (1,113,534) (3,515,148) Cash paid to employees for services - (1,564,230) (4,508,255) Cash paid for insurance claims - - 106,000
Net cash provided by (used in) operating activities (1,580,877) (1,015,007) (2,605,436)

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Cash received from other funds 591,000 1,580,871 2,968,621 Net cash provided by (used in) noncapital financing activities 591,000 1,580,871 2,968,621

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Acquisition of capital assets - (264,441) -
Principal paid - (132,794) -
Interest paid - - (2,148)
Proceeds from sale of capital assets - - 14,001
Net cash (used in) capital and related
financing activities - (385,382) -
CASH FLOWS FROM INVESTING ACTIVITIES:

Interest earnings 23,177 399,119 6
Net cash provided by (used in) investing activities 23,177 399,119 6 Net change in cash and cash equivalents (400,830) 376,922 - CASH AND CASH EQUIVALENTS:

Beginning of year 451,528 8,329,638 -
End of year $ - 50,698 $ 8,706,560 $
(Continued)
City of Cupertino
Combining Statement of Cash Flows (Continued)
Internal Service Funds
For the Year Ended June 30, 2025
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Technology Compensation Revolving
Reconciliation of Operating Income (Loss) to
to Net Cash Provided by (used in) Operating Activities:

Operating income (loss) 310,584 $ 34,884 $ 88,741 $
Adjustments to reconcile operating income (loss)
to net cash provided by (used in) operating activities:

Depreciation and amortization 180,985 - 350,516
Changes in assets and liabilities:
(Increase)/decrease in account receivable (111,221) (3,566) (14,075) (Increase)/decrease in prepaid expense (23,375) - -
(Increase)/decrease in deferred outflows of resources related to pensions (171,743) (7,979) (83,330) (Increase)/decrease in deferred outflows of resources related to other postemployment benefits 93,187 590 14,517
Increase/(decrease) in accounts payable (74,895) - 7,261 Increase/(decrease) in compensated absences (96,437) (26) 3,809 Increase/(decrease) in claims payable - 106,000 -
Increase/(decrease) in net pension liabilities (454,951) (291) (3,158) Increase/(decrease) in other postemployment benefit liabilities (157,711) (1,905) (57,043) Increase/(decrease) in deferred inflows of resources related to pensions (2,939) (59) (625) Increase/(decrease) in deferred inflows of resources related to other postemployment benefits 39,192 768 24,743
Net cash provided by (used in) operating activities $ 128,416 (469,324) $ 331,356 $ NONCASH ITEMS:

Acquisition of subscription assets $ - (175,435) $ - $
Issuance of subscription liabilities $ - 175,435 $ - $
Termination of subscription liabilities $ (6,376) $ - $ - (Continued)
For the Year Ended June 30, 2025
City of Cupertino
Combining Statement of Cash Flows (Continued)
Internal Service Funds
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Compensated
Absences and
Long-Term Retiree
Disability Medical Total
Reconciliation of Operating Income (Loss) to
to Net Cash Provided by (used in) Operating Activities:

Operating income (loss) (1,015,007) $ (1,580,877) $ (2,161,675) $ Adjustments to reconcile operating income (loss)
to net cash provided by (used in) operating activities:

Depreciation and amortization - - 531,501
Changes in assets and liabilities:
(Increase)/decrease in account receivable - - (128,862) (Increase)/decrease in prepaid expense - - (23,375)
(Increase)/decrease in deferred outflows of resources related to pensions - - (263,052) (Increase)/decrease in deferred outflows of resources related to other postemployment benefits - - 108,294
Increase/(decrease) in accounts payable - - (67,634)
Increase/(decrease) in compensated absences - - (92,654) Increase/(decrease) in claims payable - - 106,000
Increase/(decrease) in net pension liabilities - - (458,400) Increase/(decrease) in other postemployment benefit liabilities - - (216,659) (Increase)/decrease in deferred inflows of resources related to pensions - - (3,623) Increase/(decrease) in deferred inflows of resources related to other postemployment benefits - - 64,703
Net cash provided by (used in) operating activities $ (1,580,877) (1,015,007) $ (2,605,436) $ NONCASH ITEMS:

Acquisition of subscription assets $ - - $ (175,435) $
Issuance of subscription liabilities $ - - $ 175,435 $
Termination of subscription liabilities $ - $ - $ (6,376) (Concluded)
For the Year Ended June 30, 2025
City of Cupertino
Combining Statement of Cash Flows (Continued)
Internal Service Funds
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STATISTICAL SECTION
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Contents: Pages
142-150
151-154
155-158
159-161
162-166
This part of the City of Cupertino's annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information say about the government's overall financial health.

City of Cupertino
Description of Statistical Section Contents
June 30, 2025
Financial Trends - These schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time.

Revenue Capacity - These schedules contain information to help the reader assess the City's most significant local revenue source, the property tax.

Debt Capacity - These schedules present information to help the reader assess the affordability of the City's current level of outstanding debt and the City's ability to issue additional debt in the future.

Demographic and Economic Information - These schedules offer demographics and economic indicators to help the reader understand the environment within which the City's financial activities take place.

Operating Information - These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report related to the services the City provides and activities it performs.
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2016 2017 2018 2019 2020
Government activities:

Net investment in capital assets $ 148,168,074 $ 153,239,534 $ 167,606,366 $ 170,973,897 $ 177,128,134 Restricted 34,861,807 34,991,692 32,073,195 45,405,508 48,005,800 Unrestricted 51,164,063 59,385,309 50,457,871 51,190,017 66,493,336 Total governmental activities net position $ 234,193,944 $ 247,616,535 $ 250,137,432 $ 267,569,422 $ 291,627,270 Business-type activities:

Net investment in capital assets $ 1,708,183 $ 1,972,169 $ 1,597,700 $ 1,318,744 $ 1,118,882 Restricted - - - - -
Unrestricted 7,375,444 9,092,584 8,051,015 6,737,758 8,134,944 Total business-type activities net position $ 9,083,627 $ 11,064,753 $ 9,648,715 $ 8,056,502 $ 9,253,826 Primary government:

Net investment in capital assets $ 149,876,257 $ 155,211,703 $ 169,204,066 $ 172,292,641 $ 178,247,016 Restricted 34,861,807 34,991,692 32,073,195 45,405,508 48,005,800 Unrestricted 58,539,507 68,477,893 58,508,886 57,927,775 74,628,280 Total primary government net position $ 243,277,571 $ 258,681,288 $ 259,786,147 $ 275,625,924 $ 300,881,096 City of Cupertino
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year
Source: Department of Administrative Services, City of Cupertino. 142 269
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2021 2022* 2023 2024** 2025
Government activities:

Net investment in capital assets $ 186,503,116 $ 196,915,823 $ 198,450,441 $ 208,703,879 $ 210,649,411 Restricted 53,711,040 69,354,217 69,129,277 71,760,460 77,670,761 Unrestricted 83,458,299 93,613,909 120,529,242 140,134,920 163,277,018 Total governmental activities net position $ 323,672,455 $ 359,883,949 $ 388,108,960 $ 420,599,259 $ 451,597,190 Business-type activities:

Net investment in capital assets $ 2,090,530 $ 2,089,569 $ 2,109,592 $ 2,009,420 $ 1,835,040 Restricted - 166,607 166,689 106,718 -
Unrestricted 9,374,129 8,422,930 8,148,256 7,807,800 7,409,695 Total business-type activities net position $ 11,464,659 $ 10,679,106 $ 10,424,537 $ 9,923,938 $ 9,244,735 Primary government:

Net investment in capital assets $ 188,593,646 $ 199,005,392 $ 200,560,033 $ 210,713,299 $ 212,484,451 Restricted 53,711,040 69,520,824 69,295,966 71,867,178 77,670,761 Unrestricted 92,832,428 102,036,839 128,677,498 147,942,720 170,686,713 Total primary government net position $ 335,137,114 $ 370,563,055 $ 398,533,497 $ 430,523,197 $ 460,841,925 * 2022 restricted and unrestricted net positions are restated as result of a prior period adjustment. ** 2024 balances were restated due to prior period adjustments (see Note 15 for detail).

City of Cupertino
Net Position by Component (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year
Source: Department of Administrative Services, City of Cupertino. 143 270
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2016 2017 2018 2019 2020
Expenses:

Governmental Activities:

Administration $ 3,710,388 $ 2,873,744 $ 5,612,733 $ 6,849,046 $ 7,974,520 Law enforcement 11,316,271 12,528,328 12,674,042 13,381,113 14,698,130 Innovation and technology 575,260 1,884,165 3,244,846 3,210,343 3,637,354 Administrative services 2,994,611 5,898,479 4,415,647 4,290,818 5,175,596 Recreation services 5,758,194 10,651,557 9,352,551 7,389,915 8,763,194 Community development 6,259,734 13,775,591 16,789,351 10,470,973 10,286,317 Public works 31,313,396 32,491,244 28,995,382 31,870,165 33,339,191 Interest on long-term debt 1,077,538 1,035,738 993,038 949,438 882,837 Total governmental activities expenses 63,005,392 81,138,846 82,077,590 78,411,811 84,757,139 Business-type activities:

Resources recovery $ 2,997,200 $ 2,991,177 $ 2,594,511 $ 1,735,885 $ 2,213,404 Blackberry farm 576,177 597,406 656,112 645,469 663,663 Cupertino sports center 2,299,210 2,159,243 2,633,748 3,036,037 2,883,903 Recreation programs 3,136,011 2,351,501 3,232,593 2,923,336 3,141,225 Total business-type activities expenses 9,008,598 8,099,327 9,116,964 8,340,727 8,902,195 Total primary government expenses $ 89,238,173 72,013,990 $ 91,194,554 $ 86,752,538 $ 93,659,334 $ Program revenues:

Governmental activities:

Charges for services:

Administration 369,069 $ 3,992,716 $ 5,062,988 $ 1,319,395 $ 2,091,811 $ Law enforcement 664,483 603,194 732,544 889,923 1,102,888 Innovation and technology 41,352 ----
Administrative services 359,148 3,565,627 2,635,885 3,113,731 3,889,180 Recreation services 1,421,185 2,016,159 1,589,134 1,563,262 1,309,906 Community development 10,534,457 10,902,822 8,598,935 7,470,690 5,859,847 Public works 6,358,870 6,873,487 4,720,646 4,504,104 5,657,315 Operating grants and contributions 1,851,282 2,313,632 4,819,696 2,557,470 5,794,443 Capital grants and contributions 362,491 245,288 271,587 1,082,243 1,046,756 Total governmental activities program revenues 21,962,337 30,512,925 28,431,415 22,500,818 26,752,146 Business-type activities:

Charges for services:

Resources recovery 2,664,888 $ 2,792,190 $ 2,559,862 $ 1,750,279 $ 1,821,677 $ Blackberry farm 334,529 325,224 345,667 316,615 338,212 Cupertino sports center 2,224,146 2,238,023 2,403,665 2,349,468 2,365,667 Recreation programs 2,466,336 2,778,588 2,516,678 1,986,781 1,588,576 Total business-type activities program revenues 7,689,899 8,134,025 7,825,872 6,403,143 6,114,132 Total primary government program revenues $ 38,646,950 29,652,236 $ 36,257,287 $ 28,903,961 $ 32,866,278 $ Fiscal Year
City of Cupertino
Changes in Net Position - Expenses and Program Revenues Last Ten Fiscal Years
(accrual basis of accounting)
Source: Department of Administrative Services, City of Cupertino. 144 271
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2021 2022 2023 2024 2025
Expenses:

Governmental Activities:

Administration $ 3,637,467 $ 7,293,244 $ 8,830,127 $ 9,069,311 $ 6,607,845 Law enforcement 15,211,646 16,100,903 15,716,301 16,682,075 17,386,971 Innovation and technology 1,721,729 2,004,515 1,950,718 3,127,436 3,126,745 Administrative services 5,358,183 5,363,745 6,363,343 8,165,843 7,557,365 Recreation services 1,182,662 3,976,793 6,020,526 7,194,533 9,249,954 Community development 11,495,788 12,209,547 12,463,257 13,696,180 12,348,713 Public works 41,870,240 35,653,588 38,696,234 36,547,118 38,742,291 Interest on long-term debt 397,682 636,960 369,502 304,972 155,710 Total governmental activities expenses 80,875,397 83,239,295 90,410,008 94,787,468 95,175,594 Business-type activities:

Resources recovery $ 1,670,261 $ 1,837,781 2,038,313 2,227,782 2,825,410 Blackberry farm 535,274 655,184 799,168 673,788 1,005,370 Cupertino sports center 2,182,900 3,396,146 3,456,539 3,113,577 1,826,303 Recreation programs 1,117,244 1,617,717 1,661,686 2,393,886 2,307,538 Total business-type activities expenses 5,505,679 7,506,828 7,955,706 8,409,033 7,964,621 Total primary government expenses $ 90,746,123 86,381,076 $ 98,365,714 $ 103,196,501 $ 103,140,215 $ Program revenues:

Governmental activities:

Charges for services:

Administration 2,387,412 $ 2,551,205 $ 3,098,916 $ 1,370,548 $ 2,711,892 $ Law enforcement 550,051 940,797 612,993 739,408 485,514 Innovation and technology - - - - -
Administrative services 5,232,679 7,457,032 5,419,347 6,642,671 7,878,626 Recreation services 264,426 653,994 621,587 811,979 1,189,382 Community development 5,736,587 5,768,850 5,361,837 5,549,943 7,390,115 Public works 3,966,206 4,015,183 3,290,506 3,507,250 3,514,553 Operating grants and contributions 5,998,209 7,601,210 10,881,438 4,685,153 7,079,031 Capital grants and contributions 1,792,376 1,282,617 1,593,910 2,459,727 6,136,022 Total governmental activities program revenues 25,927,946 30,270,888 30,880,534 25,766,679 36,385,135 Business-type activities:

Charges for services:

Resources recovery 1,819,861 $ 1,545,683 $ 1,772,252 $ 2,363,496 $ 1,799,649 $ Blackberry farm 610,603 602,778 616,461 663,274 733,550 Cupertino sports center 1,810,194 2,796,329 3,117,580 2,362,677 1,144,857 Recreation programs 590,871 1,294,128 1,742,442 2,039,338 2,017,910 Total business-type activities program revenues 4,831,529 6,238,918 7,248,735 7,428,785 5,695,966 Total primary government program revenues $ 36,509,806 30,759,475 $ 38,129,269 $ 33,195,464 $ 42,081,101 $ City of Cupertino
Changes in Net Position - Expenses and Program Revenues (Continued) Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year
Source: Department of Administrative Services, City of Cupertino. 145 272
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2016 2017 2018 2019 2020
Net revenues (expenses):

Governmental activities $ (41,043,055) $ (50,625,921) $ (53,646,175) $ (55,910,993) $ (58,004,993) Business-type activities (1,318,699) 34,698 (1,291,092) (1,937,584) (2,788,063) Total net revenues (expenses) $ (42,361,754) $ (50,591,223) $ (54,937,267) $ (57,848,577) $ (60,793,056) General revenues and Transfers
Governmental activities:

Taxes:

Property taxes $ 11,864,027 $ 13,251,840 $ 14,881,533 $ 17,082,005 $ 18,117,304 Property taxes in lieu of motor vehicle fee 6,330,436 6,967,237 7,552,272 8,219,090 8,489,541 Sales taxes 21,350,056 26,932,012 26,164,531 24,901,779 35,657,214 Transient occupancy tax 5,852,244 6,023,681 6,810,718 8,901,337 7,286,083 Utility user taxes 3,370,830 3,082,407 3,146,398 3,089,922 3,182,086 Franchise taxes 3,478,024 3,409,572 3,563,820 3,445,253 3,418,908 Other taxes 2,818,019 3,258,118 1,943,652 3,299,587 1,774,235 Intergovernmental 24,111 26,118 31,013 28,844 47,391
Investment earnings (loss) 807,287 694,730 916,638 3,258,550 5,690,723 Miscellaneous 219,053 2,004,906 1,834,492 1,187,741 1,922,356 Gain on sale of capital assets 580 - 740,570 3,875 -
Transfers - fund closing1 - 272,011 - - -
Transfers (1,635,000) (1,874,120) 107,030 (75,000) (3,523,000) Total governmental activities 54,479,667 64,048,512 67,692,667 73,342,983 82,062,841 Business-type activities:

Investment earnings 82,187 59,012 75,663 270,371 462,387 Transfers 1,635,000 1,874,120 (107,030) 75,000 3,523,000 Total business-type activities 1,717,187 1,933,132 (31,367) 345,371 3,985,387 Total primary government $ 65,981,644 56,196,854 $ 67,661,300 $ 73,688,354 $ 86,048,228 $ Changes in net position
Governmental activities 13,436,612 $ 13,422,591 $ 14,046,492 $ 17,431,990 $ 24,057,848 $ Business-type activities 398,488 1,967,830 (1,322,459) (1,592,213) 1,197,324 Total primary government $ 15,390,421 13,835,100 $ 12,724,033 $ 15,839,777 $ 25,255,172 $ 1 Asset and liability transfer from the closed City Channel/Web Internal Service Fund in 2017.

Fiscal Year
(accrual basis of accounting)
Last Ten Fiscal Years
Changes in Net Position - Expenses and Program Revenues (Continued) City of Cupertino
Source: Department of Administrative Services, City of Cupertino. 146 273
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2021 2022 2023 2024 2025
Net revenues (expenses):

Governmental activities $ (54,947,451) $ (52,968,407) $ (59,529,474) $ (69,020,789) $ (58,790,459) Business-type activities (674,150) (1,267,910) (706,971) (980,248) (2,268,655) Total net revenues (expenses) $ (55,621,601) $ (54,236,317) $ (60,236,445) $ (70,001,037) $ (61,059,114) General revenues and Transfers
Governmental activities:

Taxes:

Property taxes $ 19,197,994 $ 20,322,779 $ 21,807,628 $ 22,494,293 $ 23,421,977 Property taxes in lieu of motor vehicle fee 9,079,845 9,401,632 10,082,011 10,542,559 11,003,490 Sales taxes 42,581,070 43,646,813 34,819,341 32,167,020 17,484,041 Transient occupancy tax 2,141,058 4,404,958 7,062,150 6,906,722 7,886,009 Utility user taxes 3,074,358 3,356,389 4,103,906 3,935,917 4,214,212 Franchise taxes 3,368,286 3,479,554 3,995,018 4,313,669 4,383,827 Other taxes 3,022,333 11,117,528 2,872,571 1,970,611 3,668,729 Intergovernmental 43,675 67,762 62,072 74,801 95,136
Investment earnings (loss) 4,147,907 (9,241,781) 2,801,930 11,562,914 17,722,521 Miscellaneous 3,185,110 1,948,332 444,339 1,441,717 967,701 Gain on sale of capital assets - - - - -
Transfers - fund closing1 --- - -
Transfers (2,849,000) (886,801) (296,481) 20,000 (1,059,253) Total governmental activities 86,992,636 87,617,165 87,754,485 95,430,223 89,788,390 Business-type activities:

Investment earnings 35,983 (404,444) 155,921 434,290 530,199 Transfers 2,849,000 886,801 296,481 (20,000) 1,059,253
Total business-type activities 2,884,983 482,357 452,402 414,290 1,589,452 Total primary government $ 88,099,522 89,877,619 $ 88,206,887 $ 95,844,513 $ 91,377,842 $ Changes in net position
Governmental activities 32,045,185 $ 34,648,758 $ 28,225,011 $ 26,409,434 $ 30,997,931 $ Business-type activities 2,210,833 (785,553) (254,569) (565,958) (679,203) Total primary government $ 33,863,205 34,256,018 $ 27,970,442 $ 25,843,476 $ 30,318,728 $ Fiscal Year
City of Cupertino
Changes in Net Position - Expenses and Program Revenues (Continued) Last Ten Fiscal Years
(accrual basis of accounting)
Source: Department of Administrative Services, City of Cupertino. 147 274
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2016 2017 2018 2019(1) 2020
General fund:

Nonspendable 937,381 $ 876,939 $ 464,893 $ 454,188 $ 3,449,341 $ Restricted 888,374 1,016,771 1,254,578 9,469,670 14,324,757 Committed - 19,000,000 19,122,754 19,123,397 19,127,891 Assigned 20,500,000 4,638,181 9,963,310 1,979,202 3,176,882 Unassigned 29,869,085 28,057,799 21,704,922 27,896,128 34,426,942 Total general fund 52,194,840 $ 53,589,690 $ 52,510,457 $ 58,922,585 $ 74,505,813 $ All other governmental funds:

Nonspendable -----
Restricted 33,973,433 33,974,921 30,818,617 35,935,838 33,681,043 Committed 1,398,665 1,398,665 - - -
Assigned 15,344,191 25,305,974 29,129,616 33,211,946 40,551,131 Unassigned - - - - -
Total all other governmental funds $ 50,716,289 $ 60,679,560 $ 59,948,233 $ 69,147,784 $ 74,232,174 Total Governmental Funds $ 102,911,129 $ 114,269,250 $ 112,458,690 $ 128,070,369 $ 148,737,987 1 The City established a trust to fund Other Post-Employment Benefit contributions, which is classified as a restriction in fund balance.

City of Cupertino
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
Fiscal Year
Source: Department of Administrative Services, City of Cupertino. 148 275
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2021 2022(1) 2023 2024 2025
General fund:

Nonspendable $ 3,444,346 $ 4,055,956 $ 4,000,588 $ 3,449,814 $ 4,037,435 Restricted 20,140,419 18,756,482 19,088,859 23,241,194 25,802,503 Committed 19,127,891 34,127,891 34,127,891 108,627,891 88,627,891 Assigned 4,906,139 5,041,682 9,735,187 4,741,474 7,287,794 Unassigned 49,231,996 48,696,821 71,603,813 26,034,946 56,081,637 Total general fund $ 96,850,791 $ 110,678,832 $ 138,556,338 $ 166,095,319 $ 181,837,260 All other governmental funds:

Nonspendable - - $ - $ - $ -
Restricted 33,570,621 51,106,343 46,828,676 47,836,410 49,956,451 Committed - - - - -
Assigned 37,038,174 35,088,889 34,924,537 32,125,651 33,216,460 Unassigned - - - - -
Total all other governmental funds $ 70,608,795 $ 86,195,232 $ 81,753,213 $ 79,962,061 $ 83,172,911 Total Governmental Funds $ 167,459,586 $ 196,874,064 $ 220,309,551 $ 246,057,380 $ 265,010,171 1 2022 balances were restated due to prior period adjustments.

City of Cupertino
Fund Balances of Governmental Funds (Continued)
Last Ten Fiscal Years
(modified accrual basis of accounting)
Fiscal Year
Source: Department of Administrative Services, City of Cupertino. 149 276
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2016 2017 2018 2019 2020
Revenues:

Taxes $ 55,462,956 $ 62,924,867 $ 64,062,924 $ 68,938,973 $ 77,925,371 Use of money and property 1,654,702 1,425,629 1,543,818 3,896,813 6,259,342 Intergovernmental 2,532,025 2,585,038 5,122,296 3,668,557 6,888,590 Licenses and permits 3,073,110 2,536,925 2,757,928 4,102,665 4,692,847 Charges for services 17,249,123 24,103,167 15,638,247 13,385,698 13,937,950 Fines and forfeitures 564,903 603,194 602,934 534,012 344,008 Other 1,289,013 2,004,904 1,834,492 1,187,741 1,922,356 Total revenues 81,825,832 96,183,724 91,562,639 95,714,459 111,970,464 Expenditures:

Current:

Administration 4,053,741 5,942,633 4,943,052 6,294,111 6,951,541 Law enforcement 10,988,735 11,939,095 12,362,621 13,108,732 14,151,413 Innovation and technology 544,718 1,864,746 2,835,768 2,843,540 3,223,185 Administrative services 2,811,117 5,054,539 4,430,300 4,197,582 4,617,787 Recreation services 5,441,200 9,361,934 8,686,076 8,996,118 7,688,935 Community development 6,102,820 7,431,292 12,907,086 9,359,835 9,310,827 Public works 15,078,174 18,623,585 18,191,714 19,955,579 22,445,948 Capital outlay: 26,171,127 18,731,165 23,395,112 10,528,246 12,644,373 Debt service:

Principal repayment 2,090,000 2,135,000 2,180,000 2,220,000 2,290,000 Interest and fiscal charges 1,077,538 1,035,738 993,038 949,438 882,837 Total expenditures 74,359,170 82,119,727 90,924,767 78,453,181 84,206,846 Excess of revenues over (under) expenditures 7,466,662 14,063,997 637,872 17,261,278 27,763,618 Other financing sources (uses):

Proceeds from debt issuance -----
Proceeds from debt issuance premium -----
Payments to refunding agent -----
Proceeds from sale of capital assets 580 - 872,250 3,875 - Inception of subscription liability - - - - -
Transfers in 11,905,724 26,446,090 31,028,218 19,407,613 35,208,276 Transfers in - fund closing - 260,374 - - -
Transfers out (15,422,213) (29,412,340) (34,348,900) (21,061,087) (42,304,276) Total other financing sources (uses) (3,515,909) (2,705,876) (2,448,432) (1,649,599) (7,096,000) Net change in fund balances $ 3,950,753 $ 11,358,121 $ (1,810,560) $ 15,611,679 $ 20,667,618 Debt service as a percentage of
noncapital expenditures 6.57% 5.00% 4.70% 4.67% 4.43%
Fiscal Year
City of Cupertino
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
Source: Department of Administrative Services, City of Cupertino. 150 277
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2021 2022 2023 2024 2025
Revenues:

Taxes $ 82,464,944 $ 95,729,653 $ 84,233,345 $ 80,705,015 $ 72,393,167 Use of money and property 4,447,970 (8,501,439) 3,422,106 11,802,313 17,946,957 Intergovernmental 7,834,260 8,951,589 11,869,664 6,841,474 11,510,340 Licenses and permits 4,068,238 4,141,902 4,093,631 4,412,057 5,755,842 Charges for services 13,601,302 16,373,903 12,741,952 13,833,034 16,347,423 Fines and forfeitures 134,459 373,722 326,944 419,148 397,375 Other 3,185,110 1,948,332 1,393,059 2,418,780 2,062,626 Total revenues 115,736,283 119,017,662 118,080,701 120,431,821 126,413,730 Expenditures:

Current:

Administration 7,549,386 7,492,277 7,603,732 7,383,233 7,075,951 Law enforcement 14,776,409 15,715,815 15,276,950 16,204,350 17,386,971 Innovation and technology 1,836,725 2,063,176 1,825,667 2,284,198 3,241,574 Administrative services 5,196,299 5,525,888 5,976,301 6,716,341 8,216,429 Recreation services 4,787,914 4,729,438 5,432,183 5,517,003 7,612,682 Community development 11,177,690 12,627,702 11,693,554 11,498,725 13,348,231 Public works 24,568,155 28,542,850 28,221,856 30,031,887 35,443,228 Capital outlay: 19,483,945 12,777,121 12,533,316 10,473,883 11,288,463 Debt service:

Principal repayment 2,140,000 1,880,000 2,581,181 2,587,091 2,668,163 Interest and fiscal charges 798,747 796,000 739,340 665,597 575,698 Total expenditures 92,315,270 92,150,267 91,884,080 93,362,308 106,857,390 Excess of revenues over (under) expenditures 23,421,013 26,867,395 26,196,621 27,069,513 19,556,340 Other financing sources (uses):

Proceeds from debt issuance 22,040,000 - - - -
Proceeds from debt issuance premium 3,878,704 - - - -
Payments to refunding agent (27,279,118) - - - -
Proceeds from sale of capital assets - - - 2,912,435 -
Inception of subscription liability - 964,745 - 523,417 - Transfers in 12,876,969 23,089,059 11,350,697 10,789,869 10,963,643 Transfers in - fund closing - - - - -
Transfers out (16,215,969) (25,776,712) (15,076,576) (12,111,553) (15,003,044) Total other financing sources (uses) (4,699,414) (2,687,653) (2,761,134) (1,321,684) (603,549) Net change in fund balances $ 18,721,599 $ 24,179,742 $ 23,435,487 $ 25,747,829 $ 18,952,791 Debt service as a percentage of
noncapital expenditures 4.04% 3.37% 4.18% 3.92% 3.39%
Fiscal Year
City of Cupertino
Changes in Fund Balances of Governmental Funds (Continued) Last Ten Fiscal Years
(modified accrual basis of accounting)
Source: Department of Administrative Services, City of Cupertino. 151 278
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State Board of Total Assessed & Direct
Fiscal Total Equalization Secured Est. Full Market Tax
Year Secured (a) Unsecured (a) Non-Unitary Exemptions Valuation (a) Rate 2016 18,308,720,226 $ $ 1,086,786,901 $ 114,223,063 - $ $ 19,395,507,127 5.59% 2017 20,196,258,418 1,150,311,942 118,257,368 - 21,346,570,360 5.98% 2018 22,024,906,420 1,114,123,426 122,805,695 - 23,139,029,846 6.19% 2019 23,402,123,229 1,779,936,377 125,245,819 - 25,182,059,606 6.38% 2020 24,370,718,536 1,641,863,322 138,025,761 - 26,012,581,858 6.50% 2021 25,397,331,860 2,423,984,683 145,644,653 - 27,821,316,543 6.46% 2022 27,083,468,890 1,724,247,088 149,658,614 - 28,807,715,978 6.48% 2023 29,822,398,085 1,069,629,678 154,098,046 - 30,892,027,763 6.48% 2024 31,157,956,858 1,145,368,676 146,726,345 - 32,303,325,534 6.52% 2025 32,635,351,808 1,080,630,960 159,770,503 - 33,715,982,768 6.52% (a) Net of exemptions
Source: HdL, Coren & Cone
Data Source: Santa Clara County Assessor 2024-25 Combined Tax Rolls This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone City of Cupertino
(Unaudited)
Last Ten Fiscal Years
Assessed and Estimated Actual Value of Taxable Property $0
$5
$10
$15
$20
$25
$30
$35
$40
2016201720182019202020212022202320242025
Billions
Secured Property Unsecured Property
152 279
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2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Basic Levy¹ 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Co. Housing Bond 2016 0.00000 0.00000 0.01266 0.01050 0.01000 0.00000 0.01266 0.01080 0.00950 0.00430 County Bond 2008 Hospital Facility 0.00880 0.00860 0.00820 0.00720 0.00690 0.00690 0.00610 0.00630 0.00550 0.00550 County Library Retirement Levy 0.00240 0.00240 0.00240 0.00240 0.00240 0.00240 0.00240 0.00240 0.00240 0.00240 County Retirement Levy 0.03880 0.03880 0.03880 0.03880 0.03880 0.03880 0.03880 0.03880 0.03880 0.03880 Cupertino Elementary 0.05190 0.05090 0.04960 0.03970 0.04150 0.04030 0.03800 0.03680 0.03570 0.03000 El Camino Hospital 2003 0.01290 0.01290 0.01000 0.01000 0.01000 0.01000 0.01000 0.00900 0.00500 0.00200 Foothill De Anza College 0.02400 0.02340 0.02200 0.02170 0.02080 0.03640 0.03310 0.02910 0.02780 0.02860 Fremont High 0.05250 0.04030 0.04640 0.04300 0.04790 0.04780 0.04160 0.03710 0.04410 0.03970 Los Gatos-Saratoga High 1998 0.04230 0.04690 0.04570 0.03040 0.01770 0.01930 0.01850 0.01790 0.01370 0.01320 MidPeninsula Open Space 2014 0.00080 0.00060 0.00090 0.00180 0.00160 0.00150 0.00150 0.00130 0.00120 0.00130 Santa Clara Unified 0.09420 0.08180 0.08280 0.07070 0.11760 0.10450 0.10140 0.08670 0.08890 0.08260 Santa Clara Valley Water District 0.00570 0.00860 0.00620 0.00420 0.00410 0.00370 0.00510 0.00440 0.00410 0.00410 Saratoga Elementary 0.04490 0.04560 0.04580 0.04580 0.04640 0.04850 0.04830 0.04850 0.05960 0.04970 West Valley College 0.02320 0.01960 0.02000 0.01980 0.01860 0.03110 0.03040 0.02830 0.02580 0.02590 Total Direct & Overlapping² Tax 1.40240 1.38040 1.39146 1.34600 1.39530 1.39120 1.38786 1.35740 1.36210 1.32810 City's Share of 1% Levy Per Prop 13³ 0.05571 0.05962 0.06148 0.06320 0.06531 0.06515 0.06528 0.06504 0.06513 0.06509 General Obligation Debt Rate
Redevelopment Rate⁴
Total Direct Rate⁵ 0.05588 0.05976 0.06187 0.06381 0.06499 0.06463 0.06477 0.06482 0.06515 0.06516 Notes:

Data Source: Santa Clara County Assessor 2015/16 - 2024/25 Tax Rate Table This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone ²Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city property owners.
³City's Share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the city. ERAF general fund tax shifts may not be included in tax ratio figures. ⁴Redevelopment Rate is based on the largest RDA tax rate area and only includes rate(s) from indebtedness adopted prior to 1989 per California State statute. RDA direct and overlapping rates are applied only to the incremental property values. The approval of ABX1 26 eliminated Redevelopment from the State of California for the fiscal year 2012/13 and years thereafter. ⁵Total Direct Rate is the weighted average of all individual direct rates applied to by the government preparing the statistical section information and excludes revenues derived from aircraft. Beginning in 2013/14 the Total Direct Rate no longer includes revenue generated from the former redevelopment tax rate areas. Challenges to recognized enforceable obligations are assumed to have been resolved during 2012/13. For the purposes of this report, residual revenue is assumed to be distributed to the City in the same proportions as general fund revenue.

Last 10 Fiscal Years
City of Cupertino
Direct and Overlapping Property Tax Rates
(Rate per $100 of taxable value)
Agency
¹In 1978, California voters passed Proposition 13 which set the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of any voter approved bonds. 153 280
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2025 Percentage of 2016 Percentage of
Assessed Total Assessed Assessed Total Assessed
Valuation Valuation Valuation Valuation
APPLE COMPUTER INC. $ 8,183,380,290 24.27% 1,815,276,300 $ 9.36% MAIN STREET CUPERTINO LLC 397,143,509 1.18% - 0.00%
VALLCO PROPERTY OWNER LLC 371,562,150 1.10% 315,500,000 1.63% MARKHAM APARTMENTS LP 342,914,031 1.02% 97,513,905 0.50% CCC BUILDINGS LP 294,595,153 0.87% - 0.00%
CUPERTINO PROPERTY DEVELOPMENT LLC 220,552,913 0.65% 112,284,481 0.58% PREG EMERSON LLC 133,741,684 0.40% - 0.00%
CUPERTINO CITY CENTER LP 123,747,688 0.37% 140,942,274 0.73% AVERY GLENBROOK LP 118,364,235 0.35% - 0.00%
LAKE BILTMORE APARTMENTS 111,955,358 0.33% - 0.00%
Total $ 10,297,957,011 30.54% $ 2,481,516,960 12.80%
Source: HdL, Coren & Cone
Taxpayer
City of Cupertino
Principal Property Taxpayers
Current Year and Nine Years Ago
(Unaudited)
154 281
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Percent of
Percent Delinquent Total Total Tax
Fiscal Total Current Tax of Levy Tax Tax Collections
Year Tax Levy Collections Collected (1) Collections (1) Collections to Tax Levy 2016 11,864,026 $ 11,864,026 $ 100.00% - 11,864,026 $ 100.00% 2017 13,308,884 13,308,884 100.00% - 13,308,884 100.00% 2018 13,172,425 13,172,425 100.00% - 13,172,425 100.00% 2019 16,049,112 16,049,112 100.00% - 16,049,112 100.00% 2020 18,117,304 18,117,304 100.00% - 18,117,304 100.00% 2021 19,197,994 19,197,994 100.00% - 19,197,994 100.00% 2022 20,322,779 20,322,779 100.00% - 20,322,779 100.00% 2023 21,807,628 21,807,628 100.00% - 21,807,628 100.00% 2024 22,494,293 22,494,293 100.00% - 22,494,293 100.00% 2025 23,421,977 23,421,977 100.00% - 23,421,977 100.00% (1) Per the Teeter Plan, the City receives 100% of the tax levy, while the County receives delinquencies and penalties.

Source: City of Cupertino NWS
City of Cupertino
Property Tax Levies and Collections
Last Ten Fiscal Years
(Unaudited)
155 282
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Percentage
Lease and of Estimated % of
Fiscal Certificates Subscription Actual Market Value Personal Year of Participation Payalbe of Taxable Property Per Capita Income 2016 35,835,000 $ - $ 0.12% 598 1.21%
2017 33,700,000 - 0.12% 579 1.02%
2018 31,520,000 - 0.11% 525 0.87%
2019 29,300,000 - 0.10% 488 0.81%
2020 22,040,000 * - 0.08% 451 0.71%
2021 19,900,000 - 0.07% 334 0.48%
2022 18,020,000 1,773,200 0.07% 332 0.45%
2023 16,065,000 2,027,290 0.06% 304 0.41%
2024 16,416,895 ** 1,225,643 0.06% 296 0.30%
2025 13,904,079 1,204,760 0.05% 254 0.24%
* Bond was refinanced in 2020
Source: City of Cupertino Budget Book
** 2024 balance was restated from prior report due to adding the unamortized bond issuance premium.

City of Cupertino
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(Unaudited)
156 283
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$ 33,715,509,406
Total Debt % City’s Share of
OVERLAPPING TAX AND ASSESSMENT DEBT: 6/30/2025 Applicable (1) Debt 6/30/25 Santa Clara County 1,217,905,000 $ 4.848% 59,044,034 $
Foothill-DeAnza Community College District 592,800,578 12.162% 72,096,406 West Valley Community College District 631,255,000 1.806% 11,400,465 Santa Clara Unified School District 958,135,000 3.974% 38,076,285 Fremont Union High School District 717,450,088 27.143% 194,737,477 Cupertino Union School District 294,953,303 50.507% 148,972,065 El Camino Hospital District 98,789,066 0.844% 833,780
Midpeninsula Regional Open Space District 114,920,000 7.335% 8,429,382 Santa Clara Valley Water District Benefit Assessment District 24,940,000 4.848% 1,209,091 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 534,798,985 $ DIRECT AND OVERLAPPING GENERAL FUND DEBT:

Santa Clara County General Fund Obligations $ 1,002,458,930 4.848% 48,599,209 $ Santa Clara County Pension Obligation Bonds 317,654,990 4.848% 15,399,914 Santa Clara County Board of Education Certificates of Participation 12,072,417 4.848% 585,271 West Valley-Mission Community College District General Fund Obligations 2,520,000 1.806% 45,511 Santa Clara Unified School District General Fund Obligations 10,859,000 3.974% 431,537 Cupertino Union School District General Fund Obligations 40,233,350 50.507% 20,320,658 City of Cupertino Certificates of Participation 11,915,000 100.000% 11,915,000 Santa Clara County Central Fire Protection District General Fund Obligations 26,475,000 46.824% 12,396,654 Midpeninsula Regional Open Space Park District General Fund Obligations 74,065,600 7.334% 5,432,712 TOTAL GROSS DIRECT AND OVERLAPPING GENERAL FUND DEBT $ 115,126,466 Less: Santa Clara County Supported Obligations 117,322
TOTAL NET DIRECT AND OVERLAPPING GENERAL FUND DEBT $ 115,009,144 TOTAL DIRECT DEBT $ 15,108,839
TOTAL GROSS OVERLAPPING DEBT $ 634,816,612
TOTAL NET OVERLAPPING DEBT $ 634,699,290
GROSS COMBINED TOTAL DEBT $ 649,925,451 (3)
NET COMBINED TOTAL DEBT $ 649,808,129
(1)
(3) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.

Ratios to 2024-25 Assessed Valuation:

Total Overlapping Tax and Assessment Debt 1.59%
Total Direct Debt ($11,915,000) 0.04%
Gross Combined Total Debt 1.93%
Net Combined Total Debt 1.93%
City of Cupertino
The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value.

Sources: California Municipal Statistics, Inc.
2024-25 Assessed Valuation
(Unaudited)
June 30, 2025
Direct and Overlapping Bonded Debt
157 284
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Total net debt
Total Net Legal applicable to the
Fiscal Debt Debt Applicable Debt limit as a % of
Year Limit to Limit Margin debt limit
2016 686,577,008 $ - $ 686,577,008 $ - $
2017 757,359,691 - 757,359,691 -
2018 825,933,991 - 825,933,991 -
2019 877,579,621 - 877,579,621 -
2020 913,901,945 - 913,901,945 -
2021 952,399,944 - 952,399,944 -
2022 1,015,630,083 - 1,015,630,083 -
2023 1,118,339,928 - 1,118,339,928 -
2024 1,168,423,382 - 1,168,423,382 -
2025 1,264,349,354 - 1,264,349,354 -
Debt Limit:

Secured property assessed value, net of exempt real property 33,715,982,768 Adjusted valuation - 25% of assessed valuation 8,428,995,692 Debt limit - 15% of adjusted valuation 1,264,349,354
Amount of Debt Subject to Limit:

Total Bonded Debt 14,030,000
Less: Certificates of Participation not subject to debt limit (14,030,000) Amount of debt subject to limit -
Legal Debt Margin $ 1,264,349,354
Source: City of Cupertino Budget Book
Last Ten Fiscal Years
Note: The Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was based upon 25% of market value. Effective with the 1981-82 fiscal year, each parcel is now assessed at 100% of market value (as of the most recent change in ownership for that parcel). The computations shown above reflect a conversion of assessed valuation data for each fiscal year from the current full valuation perspective to the 25% level that was in effect at the time that the legal debt margin was enacted by the State of California for local governments located within the state.

City of Cupertino
Legal Debt Margin Information
(Unaudited)
158 285
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285 of 2165
Ratio of General
Fiscal Assessed General Bonded Debt Bonded Debt to
Year Population Value Bonded Debt Per Capita Assessed Value 2016 58,185 $ 19,395,507,127 $ - $ - $ - $
2017 58,917 21,346,570,360 - - -
2018 60,091 23,139,029,846 - - -
2019 59,879 25,182,059,606 - - -
2020 59,549 27,821,316,543 - - -
2021 60,656 27,821,316,543 - - -
2022 66,274 28,807,715,978 - - -
2023 59,656 30,892,027,763 - - -
2024 59,471 32,303,325,534 - - -
2025 59,831 33,715,982,768 - - -
Sources: HdL, Coren & Cone/Cupertino Budget Book
City of Cupertino
Ratio of General Bonded Debt
Last Ten Fiscal Years
(Unaudited)
159 286
CC 12-16-2025
286 of 2165
Fiscal
Year
City
Population
(1)
County
Population
(1)
City
Population
% of
County
City Personal
Income (2)
Per
Capita
Personal
Income
(2)
**Public
School
Enrollment
City
Unemployment
Rate (%) (3)
County
Unemployment
Rate (%) (3)
Median
Age (4)
% of
Population
Over 25
with High
School
Degree
% of
Population
Over 25
with
Bachelor's
Degree
2015-16 58,185 1,927,888 3.02% 3,340,132,000 57,405 29,684 3.4% 4.2% 40.2 96.5% 75.6% 2016-17 58,917 1,938,180 3.04% 3,486,805,000 59,181 29,467 3.0% 3.8% 40.6 96.7% 76.0% 2017-18 60,091 1,938,153 3.10% 3,620,255,000 60,246 29,255 3.3% 3.8% 40.7 97.1% 76.6% 2018-19 59,879 1,937,570 3.09% 3,821,320,000 63,817 29,240 2.6% 2.3% 41.1 97.1% 77.2% 2019-20 59,549 1,927,852 3.09% 4,114,967,000 69,102 29,550 2.4% 10.7% 41.1 97.2% 78.1% 2020-21 60,656 1,936,259 3.13% 4,378,045,000 74,485 30,900 4.9% 5.2% 41.6 97.2% 78.8% 2021-22 66,274 1,934,171 3.43% 4,571,170,000 76,684 24,380 3.7% 2.2% 41.2 97.3% 79.6% 2022-23 59,656 1,902,799 3.14% 5,214,787,000 88,156 23,486 2.3% 3.7% 41.0 97.0% 80.9% 2023-24 59,471 1,903,198 3.12% 5,924,781,000 99,624 23,233 3.5% 4.1% 40.4 97.2% 82.8% 2024-25 59,831 1,831,183 3.27% 6,290,282,000 105,134 22,990 4.2% 4.7% 41.3 97.2% 83.1% Notes and Data Sources:

Population: California State Department of Finance. Unemployment Data: California Employment Development Department Income, Age, and Education Data: ESRI - Demographic Estimates are based on the last available Census. Projections are developed by incorporating all of the prior census data released to date. Demographic Data is totaled from Census Block Groups that overlap the City's boundaries 201- and later - Income, Age and education Data - US Census Bureau, most recent American Community Survey **Reported Public School Enrollment reflects the total number of students in the Fremont Union High School District and Cupertino Union School District.

Previously published reports included Fremont Union High School District only.

City of Cupertino
Last Ten Fiscal Years
Demographic and Economic Statistics
160 287
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287 of 2165
Business Name Business Category
99 Ranch Market Grocery Stores
Alexander's Steak House Fine Dining
Apple Fulfillment Centers
Argonaut Window & Door Contractors
Benihana Fine Dining
BJ's Restaurant & Brewhouse Casual Dining
California Dental Arts Medical/Biotech
Chevron Service Stations
Cupertino Car Wash Service Stations
Dish N Dash Fast-Casual Restaurants
Galpao Gaucho Fine Dining
Great Gas Cupertino Service Stations
Haidilao Hot Pot Casual Dining
Home Eat Casual Dining
Ingrasys Technology Office Equipment
Insight Direct Office Equipment
Insight Public Sector Office Equipment
Kura Revolving Sushi Bar Casual Dining
Lazy Dog Cafe Casual Dining
Rotten Robbie Service Stations
Safeway Grocery Stores
Shane Company Jewelry Stores
Target Discount Dept Stores
TJ Maxx Family Apparel
Whole Foods Market Grocery Stores
Source: HdL, Coren & Cone
City of Cupertino
Top 25 Sales Tax Producers
For Calendar Year 2024
(Unaudited)
161 288
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162 289
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289 of 2165
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Council and Commissions 1.60 1.55 2.35 2.35 2.51 2.53 7.58 7.28 7.23 7.23 Administration 10.85 10.57 14.12 15.47 15.15 17.85 19.85 24.30 21.80 19.00 Innovation & Technology 11.40 13.95 14.55 15.05 14.95 11.93 11.93 13.43 14.93 13.93 Administrative Services 12.30 12.30 12.00 14.00 16.00 15.90 16.90 18.90 17.90 17.90 Parks & Recreation 32.18 33.08 35.13 34.80 32.10 31.90 27.88 29.48 27.63 27.63 Community Development 27.30 28.18 28.08 28.13 28.29 28.49 32.49 37.49 34.39 34.29 Public Works 82.12 84.12 84.52 84.95 88.75 90.15 92.12 94.12 88.12 87.02 Law Enforcement 2.00 2.00 2.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 Total 179.75 185.75 192.75 196.75 197.75 198.75 208.75 225.00 212.00 207.00 Source: City of Cupertino Budget
City of Cupertino
Full-Time Equivalent City Employees by Function/Program Last Ten Fiscal Years
(Unaudited)
0 50
100
150
200
250
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Public Works
Community
Development
Parks &
Recreation
Administrative
Services
Innovation &
Technology
Administration
Council and
Commissions
163 290
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2016 2017 2018 2019 2020
Law Enforcement Sheriff Response
Priority One-Respond within 5 minutes 4.90 Min. 5.07 Min 4.23 Min. 4.39 Min. 3.51 Min.

Priority Two-Respond within 9 minutes 6.56 Min. 8.00 Min. 7.49 Min. 6.23 Min. 6.37 Min.

Priority Three-Respond within 20 minutes 10.52 Min. 15.79 Min 14.79 Min. 12.11 Min. 11.96 Min.

Public Works
Street Sweeping 575 Curb Miles 534 Curb Miles 534 Curb Miles 534 Curb Miles 534 Curb Miles Street Maintenance 24 Hrs of Call 24 Hrs of Call 24 Hrs of Call 24 Hrs of Call 24 Hrs of Call City of Cupertino
applications received 428 434 428
Number of encroachment permits received 121 136 134
Storm Drain Inlets Inspected/Cleaned 815 1063 1638
Roadway Signs Repaired/Replaced 404 721 346
Number of trees planted vs. removed 53/67 155/192 164/190 Parks & Recreation
Number of reservations at Quinlan Center 560 402 526
Number of rounds of golf at BBF Golf Course 28,193 27,205 28,952 Sports Center Memberships 1,989 2,015 1,850 1,952 1,802 Number of Senior Center classes offered 246 320 258
Senior Center Memberships 2,493 2,094 2,260 2,171 2,171 Quinlan Community Center Rental Revenue $104,150 $128,778 $72,948 $139,590 $139,590 Community Development
Approved Building Plan Sets 95% Within 7 Work Days 95% Within 7 Work Days 95% Within 7 Work Days 95% Within 7 Work Days 95% Within 7 Work Days Discretionary Land Use Applications 99% Within 21 Work Days 99% Within 21 Work Days 99% Within 21 Work Days 99% Within 21 Work Days 99% Within 21 Work Days Public Notice of Upcoming Projects 100% Within 10 Days 100% Within 10 Days 100% Within 10 Days 100% Within 10 Days 100% Within 10 Days Number of preliminary reviews 82 90 110
Number of planning applications received 169 138 194
Number of permits received 2322 2,321 2,534
Number of inspections requested 16026 13,625 14,596
Administrative Services
Accounts Payable Processing 7 Days 7 Days 7 Days 7 Days 7 Days Business License Renewal Certificates 3 Days 3 Days 3 Days 3 Days 3 Days Number of regular recruitments 21 21 28
Number of new hires 26 16 14
Number of temporary new hires 101 105 38
Number of vendor checks processes 6793 6,536 5,906
Number of payroll checks process 10387 10,301 10,802
Number of business license applications 1294 1,154 1,032 Number of journal entries posted 2830 4,521 4,558
Number of receipts processed 9766 13,913 18,992
Library
Volumes in Collection 364,557 369,924 367,979 367,101 368,461 Annual Gate Count 880,894 835,073 873,862 904,349 620,007 Annual Circulation Children's Items 1,544,095 1,448,265 1,453,173 1,535,842 1,192,880 Annual Circulation Adult and Teen Items 1,032,326 950,453 980,609 1,049,166 831,114 Annual Circulation Digital Items
Adult Classes and Events 215 242 206 207 396
Adult Classes and Events Attendance 8,855 9,242 7,622 8,304 9,986 Teen Classes and Events 78 66 79 52 57
Teen Classes and Events Attendance 3,135 2,571 2,495 1,283 8,495 Children's Classes and Events 493 440 426 424 477
Children's Classes and Events Attendance 28,532 25,857 24,675 22,851 26,032 Volunteer Hours 10,000 9,645 10,302 10,191 6,592
Sources: City of Cupertino PM & WIs and Santa Clara County Library District City of Cupertino
Operating Indicators by Function/Program
Last Ten Fiscal Years
(Unaudited)
Function/Program
164 291
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291 of 2165
2021 2022 2023 2024 2025
Law Enforcement Sheriff Response
Priority One-Respond within 5 minutes 3.40 Min. 5.33 Min 6.57 Min 5.81 Min 4.85 Min Priority Two-Respond within 9 minutes 6.07 Min. 6.94 Min. 7.46 Min. 6.32 Min 5.86 Min Priority Three-Respond within 20 minutes 11.80 Min. 11.73 Min 12.72 Min 7.86 Min 6.20 Min Public Works
Street Sweeping 534 Curb Miles 534 Curb Miles 534 Curb Miles 534 Curb Miles 534 Curb Miles Street Maintenance 24 Hrs of Call 24 Hrs of Call 24 Hrs of Call 24 Hrs of Call 24 Hrs of Call City of Cupertino
applications received 127 128 127 111 140
Number of encroachment permits received 577 426 449 478 490 Storm Drain Inlets Inspected/Cleaned 1802 80% 53% 4% 44% Roadway Signs Repaired/Replaced 1151 3.5% 2.0% 2.0% 4.0% Number of trees planted vs. removed 187/202 211/187 153/105 42/41 136/95 Parks & Recreation
Number of reservations at Quinlan Center 8 260 405 450 422 Number of rounds of golf at BBF Golf Course 43,650 45367 37961 38984 41603 Sports Center Memberships 1,655 1186 1394 1565 1761
Number of Senior Center classes offered 100 183 235 373 439 Senior Center Memberships 1,470 210 1087 1493 1725
Quinlan Community Center Rental Revenue $5,507 $115,093 $126,670 $146,087 $168,123 Community Development
Approved Building Plan Sets 95% Within 7 Work Days 95% Within 7 Work Days 95% Within 7 Work Days 95% Within 7 Work Days 95% Within 7 Work Days Discretionary Land Use Applications 99% Within 21 Work Days 99% Within 21 Work Days 99% Within 21 Work Days 99% Within 21 Work Days 99% Within 21 Work Days Public Notice of Upcoming Projects 100% Within 10 Days 100% Within 10 Days 100% Within 10 Days 100% Within 10 Days 100% Within 10 Days Number of preliminary reviews 163 142 127 66 39
Number of planning applications received 237 301 232 262 245 Number of permits received 2,364 2380 2618 2665 3080
Number of inspections requested 13,374 11906 15181 15485 18908 Administrative Services
Accounts Payable Processing 7 Days 7 Days 7 Days 7 Days 14 Days Business License Renewal Certificates 3 Days 3 Days 3 Days 3 Days 3 Days Number of regular recruitments 24 33 29 21 28
Number of new hires 21 38 31 23 18
Number of temporary new hires 17 77 70 71 59
Number of vendor checks processes 4,457 4993 5130 4541 4589 Number of payroll checks process 7,816 8119 9176 9047 8731 Number of business license applications 1,061 884 969 1078 1213 Number of journal entries posted 3,915 3635 3695 4555 5341 Number of receipts processed 10,367 9353 11275 10191 10867 Library
Volumes in Collection 350,088 367,745 380,365 375,019 352,128 Annual Gate Count 128,912 387,285 683,303 743,644 785,156 Annual Circulation Children's Items 1,207,878 1,771,986 1,844,305 1,847,352 1,692,735 Annual Circulation Adult and Teen Items 750,602 1,056,451 1,190,995 1,250,904 747,135 Annual Circulation Digital Items 716,165
Adult Classes and Events 459 62 181 221 276
Adult Classes and Events Attendance 19,223 861 5,140 6,318 7,595 Teen Classes and Events 31 21 51 50 43
Teen Classes and Events Attendance 7,151 916 2,002 1,337 1,384 Children's Classes and Events 464 105 491 524 545
Children's Classes and Events Attendance 52,634 7,711 30,386 35,305 31,028 Volunteer Hours 465 4305.8 4228 4,207 4,793
Sources: City of Cupertino PM & WIs and Santa Clara County Library District Function/Program
City of Cupertino
Operating Indicators by Function/Program (Continued)
Last Ten Fiscal Years
(Unaudited)
165 292
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292 of 2165
2016 2017 2018 2019 2020
Public Works
Centerlane Miles of Streets 142 142 142 142 142
Streetlights 2,950 2,950 2,950 2,950 2,950
Traffic Signals 48 48 52 52 52
Culture & Recreation
Parks and Open Spaces 21 21 21 21 21
Park and Landscape Acreage 169 169 169 169 169
City Trails 33333
Golf Courses 11111
Community Center 11111
Community Hall 11111
Senior Center 11111
Sports Center 11111
Swimming Pools 11111
Tennis Courts 28 28 28 28 28
Sports Fields 41 41 41 41 41
City Library 11111
Source: City of Cupertino Budget Book/GIS Team
Function/Program
City of Cupertino
Capital Assets Statistics by Function/Program
Last Ten Fiscal Years
(Unaudited)
166 293
CC 12-16-2025
293 of 2165
2021 2022 2023 2024 2025
Public Works
Centerlane Miles of Streets 142 142 142 142 142
Streetlights 2,950 2950 2870 2870 2868
Traffic Signals 52 52 61 61 61
Culture & Recreation
Parks and Open Spaces 21 21 21 21 23
Park and Landscape Acreage 169 169 169 169 215
City Trails 33555
Golf Courses 11111
Community Center 11111
Community Hall 11111
Senior Center 11111
Sports Center 11111
Swimming Pools 11111
Tennis Courts 28 28 28 28 28
Sports Fields 41 41 41 41 41
City Library 11111
Source: City of Cupertino Budget Book/GIS Team
Function/Program
City of Cupertino
Capital Assets Statistics by Function/Program (Continued) Last Ten Fiscal Years
(Unaudited)
167 294
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294 of 2165
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168 295
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295 of 2165
Community Economic Profile
Cupertino, with a population of 57,237 and City limits stretching across 13-square miles, is considered one of the most prestigious cities to live and work in the Bay Area.

Cupertino City CouncilDecember 16, 2025

Cupertino City Council
December 16, 2025