Page 32 - DIRECTORY

Revenues
Where does the City get its money?
Total City revenues for Fiscal Year 2018-19 are expected to be $149,550,233 — an increase of $50,751,963 or 51% from the prior year’s revenues. Revenues by fund for the City are projected as follows:
General Fund
Pays for core services like public safety, parks and recreation, community development, and public works. Revenue for this fund comes primarily from property and sales tax, franchise fees, and charges for services.
Special Revenue
Fund Accounts for the proceeds of special revenue sources legally restricted to expenditures for specific purposes.
Debt Service Fund
Debt Service Fund principal, interest and associated administrative costs incurred with the issuance of debt instruments.
Capital Projects Fund
Pays for the acquisition and construction of major capital facilities from General Fund revenues.
Enterprise Fund
Pays for specific services that are funded directly by fees charged for goods or services.
Internal Service
Fund Pays for goods or services provided amongst City departments or governments on a cost reimbursement basis.
Pays
Revenues
Others
Sales Tax
30%
Property Tax
28%
Charges for Services
15%
Transient Occupancy Tax
11%
Fines & forfeitures Franchise fees Intergovernmental revenue
Licenses & permits Miscellaneous Other financing sources
Other taxes Use of money & property
Utility tax
16%
32 Community Guide & Business Directory Cupertino