Financial Reports

Education Protection Account
Budget & Audit Annual Reports

Education Protection Account

The Education Protection Account (EPA) was created by Proposition 30, which temporarily increases the state’s sales tax rate for all taxpayers and the personal income tax rate for upper-income taxpayers for six years. The EPA has an accountability component, which states that all K-14 local agencies have the sole authority to determine how the funds received from the EPA are spent. The spending plan must be approved by the governing board during a public meeting, and the EPA funds cannot be used for salaries or benefits of administrators or any other administrative costs.

The Cupertino Union School District used EPA funds solely to support teachers’ salaries and benefits.

2022-2023
Total EPA Funds Received	$3,094,368.00
Total EPA Funds Used to Support Teachers' Salaries and Benefits	$3,094,368.00
Total Unexpended EPA	$0

2021-2022
Total EPA Funds Received	$2,715,308.00
Total EPA Funds Used to Support Teachers' Salaries and Benefits	$2,715,308.00
Total Unexpended EPA	$0

2020-2021
Total EPA Funds Received	$3,267,222.00
Total EPA Funds Used to Support Teachers' Salaries and Benefits	$3,267,222.00
Total Unexpended EPA	$0

2019-2020
Total EPA Funds Received	$3,410,464.00
Total EPA Funds Used to Support Teachers' Salaries and Benefits	$3,410,464.00
Total Unexpended EPA	$0

2018-2019
Total EPA Funds Received	$3,546,318.00
Total EPA Funds Used to Support Teachers' Salaries and Benefits	$3,546,318.00
Total Unexpended EPA	$0

2017-2018
Total EPA Funds Received	$3,715,518.00
Total EPA Funds Used to Support Teachers' Salaries and Benefits	$3,715,518.00
Total Unexpended EPA	$0

2016-2017
Total EPA Funds Received	$3,715,736.00
Total EPA Funds Used to Support Teachers' Salaries and Benefits	$3,715,736.00
Total Unexpended EPA	$0

2015-2016
Total EPA Funds Received	$3,748,601.00
Total EPA Funds Used to Support Teachers' Salaries and Benefits	$3,748,601.00
Total Unexpended EPA	$0

2014-2015
Total EPA Funds Received	$10,524,082.00
Total EPA Funds Used to Support Teachers' Salaries and Benefits	$10,524,082.00
Total Unexpended EPA	$0

2013-2014
Total EPA Funds Received	$13,791,583.00
Total EPA Funds Used to Support Teachers' Salaries and Benefits	$13,791,583.00
Total Unexpended EPA	$0

Budget & Audit Annual Reports

Cupertino Union School District's fiscal year is from July 1 to June 30. Each year, budget reports are prepared as follows:

Throughout the year, District staff prepare routine updates to the Board and community. The updates occur during Board meetings and committee meetings, including Budget Advisory Committee. The Annual Financial Report represents the final actuals for a particular fiscal year, and is completed in December of each year. To view past budget reports, click the fiscal year to the right.