County Of Santa Cruz, California Comprehensive Annual Financial Report Year Ended June 30, 2005
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Cover Page
	Page(s)
INTRODUCTORY SECTION
Letter of Transmittal	i-ix
Organization Chart	x
Directory of Public Officials	xi
Certificate of Achievement for Excellence in Financial Reporting	xii
FINANCIAL SECTION
Independent Auditors’ Report	3-4
Management’s Discussion and Analysis (Required Supplementary Information)	7-19
Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Assets	23
Statement of Activities	24-25
Fund Financial Statements:
Governmental Funds:
Balance Sheet	29
Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Assets – Governmental Activities	30
Statement of Revenues, Expenditures, and Changes in Fund Balances	31
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Government-Wide Statement of Activities –Governmental Activities	32
Proprietary Funds:
Statement of Fund Net Assets	33
Statement of Revenues, Expenses, and Changes in Fund Net Assets	34
Statement of Cash Flows	35-36
Fiduciary Funds:
Statement of Fiduciary Net Assets	37
Notes to Financial Statements	39-86
Required Supplementary Information (other than MD&A):
Schedule of Funding Progress	89
Budgetary Comparison Schedule – General Fund	90-101
Budgetary Comparison Schedule – Redevelopment Agency	102
Notes to the Budgetary Comparison Schedules	103-104

	Page(s)
Combining and Individual Fund Statements and Schedules:
Nonmajor Governmental Funds:
Description	107
Combining Balance Sheet	109
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances	110
Budgetary Comparison Schedule – Capital Project Funds	111
Nonmajor Special Revenue Funds:
Description	113
Combining Balance Sheet	115-119
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances	120-124
Budgetary Comparison Schedule:
Library	125
Fire	126
Off Highway Road and Transportation	127
Fish and Game	128
Private Revitalization of Downtown	129
Park Dedication	130
Santa Cruz Flood Control & Water Conservation-Zone 7	131
Districts Governed by the Board of Supervisors:
Public Protection	132
Health and Sanitation	133
Recreation and Culture	134
Public Ways and Facilities	135
Nonmajor Debt Service Funds:
Description	137
Combining Balance Sheet	139
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances	140
Nonmajor Enterprise Funds:
Description	141
Combining Statement of Fund Net Assets	143-145
Combining Statement of Revenues, Expenses and Changes in Fund Net Assets	146-148
Combining Statement of Cash Flows	149-154
Internal Service Funds:
Descriptions	155
Combining Statement of Fund Net Assets	157-159
Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets	160-162
Combining Statement of Cash Flows	163-168

	Page(s)
Fiduciary Funds:
Description	169
Agency Funds:
Combining Statement of Changes in Assets and Liabilities	171-172
Capital Assets Used in the Operation of Governmental Funds:
Comparative Schedules by Source	175
Schedule by Function and Activity	176
Schedule of Changes by Function and Activity	177
STATISTICAL SECTION (UNAUDITED)
Government-Wide Expenses by Function	181
Government-Wide Revenues	182
General Governmental Expenditures by Function	183
General Governmental Revenues by Source	184
General Fund Tax Revenues by Source	185
General Fund Property Tax Levies and Collections	186
Gross Assessed Value of Taxable Property	187
Property Tax Rates - Direct and Overlapping Governments	188
Computation of Legal Debt Margin	189
Statement of Direct and Overlapping Debt	190
Budgeted Positions	191
General Information	192
Schedule of Insurance in Effect	193
Property Values, Units of Construction and Bank Deposits	194
Special Assessment Billings and Collections	195
Outstanding Debt of the Public Financing Authority	196
Principal Taxpayers	197
Principal Employers	198
GLOSSARY (UNAUDITED)	199-206