2005-2006 Santa Clara County Civil Grand Jury Report Exploring Open Space Special Districts in Santa Clara County

Conclusions 8

• CL1 Page 1
  Midpeninsula Open Space District Annual Financial Report, March 31, 2005.
• CL2 Page 1
  Silicon Valley Taxpayers' Assn., Inc. v. Santa Clara County Open Space Authority (2005) 130 Cal.App.4th 1295. July 6, 2005. No. H026759. Retrieved at http://login.findlaw.com/scripts/callaw [last accessed March 7, 2006]. Interviews
• CL3 Page 1
  3. Midpeninsula Regional Open Space District web site at http://www.openspace.org [last accessed March 6, 2006].
• CL4 Page 8
  Santa Clara County Open Space Authority web site at http://www.openspaceauthority.org [last accessed March 7, 2006].
• CL5 Page 8
  Santa Clara County Open Space Authority Audit Report, year ending June 30, 2005.
• CL6 Page 8
  Midpeninsula Regional Open Space District web site at http://www.openspace.org [last accessed March 6, 2006].
• CL7 Page 8
  Silicon Valley Taxpayers' Assn., Inc. v. Santa Clara County Open Space Authority (2005) 130 Cal.App.4th 1295. July 6, 2005. No. H026759. Retrieved at http://login.findlaw.com/scripts/callaw [last accessed March 7, 2006]. Interviews
• CL8 Page 8
  January 26, 2006, Public Works Director for the City of Campbell. 8 Appendix A OSA District Map 9 Appendix B MROSD Map 10 Appendix C OSA Fiscal Year 2004/2005 Financial Summary % Assets: 2005 2004 Change Change Current and other assets $36,230,409 $27,986,228 $8,244,181 29.5% Capital assets $25,830,839 $24,430,717 $1,400,122 5.7% Total assets $62,061,248 $52,416,945 $9,644,303 18.4% % Liabilities: 2005 2004 Change Change Current and other liabilities $8,206,254 $7,665,232 $541,022 7.1% Total liabilities $8,206,254 $7,665,232 $541,022 7.1% % Net assets: 2005 2004 Change Change Invested in capital assets $25,830,839 $24,430,717 $1,400,122 5.7% Unrestricted net assets $28,024,155 $20,320,996 $7,703,159 37.9% Total net assets $53,854,994 $44,751,713 $9,103,281 20.3% % General Revenues: 2005 2004 Change Change Assessments $12,327,555 $12,066,919 $260,636 2.2% Interest and investment income $503,755 $258,098 $245,657 95.2% Other revenues $13,332 $11,420 $1,912 16.7% Total revenues $12,844,642 $12,336,437 $508,205 4.1% % Expenses: 2005 2004 Change Change Recreation $1,357,794 $1,191,590 $166,204 13.9% Total expenses $1,357,794 $1,191,590 $166,204 13.9% 20% Funding program $2,383,567 $2,504,390 $(120,823) -4.8% Change in net assets $9,103,281 $8,640,457 $462,824 5.4% Net assets, beginning of year $44,751,713 $35,903,653 $8,848,060 24.6% Prior period adjustment $- $207,603 $(207,603) -100.0% Net assets, end of the year $53,854,994 $44,751,713 $9,103,281 20.3% 11 Appendix D MROSD Fiscal Year 2004/2005 Financial Summary % Assets: 2005 2004 Change Change Current and other assets $49,807,994 $50,728,891 $(920,897) -1.8% Capital assets $246,874,365 $238,988,627 $7,885,738 3.3% Total assets $296,682,359 $289,717,518 $6,964,841 2.4% % Liabilities: 2005 2004 Change Change Accounts payable and other liabilities $876,158 $1,192,902 $(316,744) -26.6% Long-term liabilities $130,447,292 $130,257,307 $189,985 0.1% Total liabilities $131,323,450 $131,450,209 $(126,759) -0.1% % Net assets: 2005 2004 Change Change Invested in capital assets, net of related debt $117,936,279 $110,692,983 $7,243,296 6.5% Restricted $2,662,316 $2,517,934 $144,382 5.7% Unrestricted $44,760,314 $45,056,392 $(296,078) -0.7% Total net assets $165,358,909 $158,267,309 $7,091,600 4.5% % Revenues: 2005 2004 Change Change Program revenue: Charges for services $786,106 $756,368 $29,738 3.9% Grants and contributions $2,266,274 $2,512,862 $(246,588) -9.8% General revenue: General property tax $18,587,448 $19,113,761 $(526,313) -2.8% Investment income $935,265 $609,575 $325,690 53.4% Other $342,461 $276,993 $65,468 23.6% Total Revenues $22,917,554 $23,269,559 $(352,005) -1.5% % Expenses: 2005 2004 Change Change Total $15,825,954 $14,810,841 $1,015,113 6.9% Change in net assets $7,091,600 $8,458,718 $(1,367,118) -16.2% 12

No Responses Found 2

Government entities assigned to respond to this report. No response documents have been linked in our database.