020615 Lakeport Redevelopment Oversight Board agenda

8/9/2019 020615 Lakeport Redevelopment Oversight Board agenda

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I. CALL TO ORDER & ROLL CALL: 10:00 a.m.

II. APPROVAL OF MINUTES: Approval of minutes from the meeting of September 26, 2014.III. APPROVE ADMINISTRATIVE BUDGET

AND ADOPT ASSOCIATED

RESOLUTION:

Approve the administrative budget for the Lakeport Redevelopment

Successor Agency for the fiscal year 2015-16 period and adopt the

associated resolution.

IV. REVIEW AND APPROVE ROPS AND

ADOPT ASSOCIATED RESOLUTION:

Approve the Recognized Obligation Payment Schedule (ROPS)

covering the period July 1, 2015, through December 31, 2015, and

adopt the associated resolution.

V. ADJOURNMENT: Adjourn meeting.

Materials related to an item on this Agenda submitted to the Board after distribution of the agenda packet are available for public inspection in the City

Clerks Office at 225 Park Street, Lakeport, California, during normal business hours.

The City of Lakeport, in complying with the Americans with Disabilities Act (ADA), requests individuals who require special accommodations to access,

attend and/or participate in the City meeting due to disability, to please contact the City Clerks Office, (707) 263 -5615, 72 hours prior to the scheduled

meeting to ensure reasonable accommodations are provided.

_______________________________________

AGENDAOVERSIGHT BOARD OF THE FORMER LAKEPORT REDEVELOPMENT AGENCY

Friday, February 6, 201510:00 A.M.

City Council Chambers, 225 Park Street, Lakeport, California 95453


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I. CALL TO ORDER & ROLL CALL: The meeting was called to order at 10:25 a.m. by Chair Stacey Mattina with the

following Board Members present: Brock Falkenberg, Doug Hutchison, and

Margaret Silveira. Board Members Anthony Farrington, Steve Hixenbaugh, and

James Knox were absent.

II. APPROVAL OF MINUTES: A motion was made by Board Member Silveira, seconded by Board Member

Hutchison, and unanimously carried by voice vote, with Board Members

Farrington, Hixenbaugh, and Knox absent, to approve the minutes from the

meeting of February 19, 2014.

III. REVIEW AND APPROVAL OF ROPS AND

ADOPTION OF ASSOCIATED

RESOLUTION:

Finance Director Buffalo provided a revised summary sheet (Page 1 of the

ROPS). There was a correction, but the numbers did not change. A motion was

made by Board Member Falkenberg, seconded by Board Member Hutchison,

and carried by voice vote, with Board Members Farrington, Hixenbaugh, and

Knox absent, to adopt the proposed Resolution Approving and Adopting the

Recognized Obligation Payment Schedule (ROPS) covering the period January 1

to June 30, 2015, as revised.

IV. REVISION TO LONG-RANGE PRPERTY

MANAGEMENT PLAN

A motion was made by Board Member Silveira, seconded by Board Member

Falkenberg, and carried by voice vote, with Board Members Farrington,

Hixenbaugh, and Knox absent, to adopt the proposed resolution approving the

revised Long-Range Property Management Plan originally approved by the

Lakeport Redevelopment Oversight Board on October 16, 2013.

V. ADJOURNMENT: The next meeting is scheduled for Friday, February 6, 2015, at 10:00 a.m. Board

Chair Mattina closed the meeting at 10:48 a.m.

MINUTESOVERSIGHT BOARD OF THE FORMER LAKEPORT REDEVELOPMENT AGENCY

Friday, September 26, 2014

10:00 A.M.City Council Chambers, 225 Park Street, Lakeport, California 95453


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CITY OF LAKEPORT

City Council

City of Lakeport Municipal Sewer DistrictLakeport Redevelopment Successor Agency

Lakeport Redevelopment Oversight Board

STAFF REPORT

RE: Successor Agency Administrative Budget, FY 15-16 MEETING DATE: 02/06/2015

SUBMITTED BY: Daniel Buffalo, Finance Director

PURPOSE OF REPORT: Information only Discussion Action Item

WHAT IS BEING ASKED OF THE CITY COUNCIL/BOARD:The Board is being asked to review and approve the administrative budget for the Lakeport Redevelopment

Successor Agency.

BACKGROUND/DISCUSSION:

Health and Safety CodeSection 34177(j) requires the RDA Successor Agency to prepare a proposed

administrative budget (Administrative Budget) and submit it to the Oversight Board for its approval. The

Successor Agency has prepared the budget based on anticipated costs related to the dissolution of the former

redevelopment agency for the period of July 1, 2015 through June 30, 2016.

Pursuant to Health and Safety Code Section 34171, and administrative cost allowance is payable from property

tax revenues of up to 5% of the allocated tax increment to the Successor Agency in fiscal year 2011-12 and 3%


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The administrative budget was developed after careful review of past costs incurred and a diligent analysis of

near-term recurring and non-recurring costs anticipated by the Successor Agency in winding down the former

Lakeport Redevelopment Agency's affairs. As in the past, costs were divided into the following major

categories:

(A) Administrative costs: These are costs associated with administering the affairs of the Successor Agency andmanaging the detrimental effects of the former redevelopment agency dissolution on the City as the

successor, the Lakeport Municipal Sewer District, the affected taxing entities, local and regional economic

development efforts, and the Lakeport community.

(B) Oversight Board operational costs: These are costs associated primarily with the Oversight Board,

including time and materials for the Agency Secretary and legal counsel for the Successor Agency.

Currently, there are over 100 lawsuits pending against the State of California over the elimination of

redevelopment and the manner in which the Governor has managed that process. Subsequently, we

expect the law to change in some way, requiring additional legal services to help navigate.

(C) Financial management and debt administration: These are costs associated with the Successor Agency's

finance staff to prepare and support the ROPS, the administrative budget, administer debt service,

administer the collections of the outstanding loans made by the former agency, account for the Successor

Agency's activities, prepare regular managerial and financial reports on the Agency's activities, and manage

the annual audit of the Agency.

(D) Planning and engineering for ongoing projects: These costs are associated with the completion of ongoing

projects of the former agency and the land use affects to the City and Lakeport Municipal Sewer Districtfrom its dissolution. Staff anticipates costs to be significantly lower than in years past in this category.

Each of these major cost categories were divided further into costs related to:

Salaries and benefits;

Materials, supplies, and service costs;

Travel and training; and

General administrative overhead, which includes various miscellaneous costs, such as utility and insurance

costs associated with the Successor Agency's activities and those of the Oversight Board.In fiscal year 2014-15, the Successor Agency requested $197,032 to cover administrative costs. It received that

amount from the Lake County Auditor-Controller. Staff estimates that the Successor Agency will expend the full

amount of that allowance by June 30 2015


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FISCAL IMPACT:

None $209,894 Budgeted Item? Yes No

Budget Adjustment Needed? Yes No If yes, amount of appropriation increase: $

Affected fund(s): General Fund Water OM Fund Sewer OM Fund Other: Redevelopment

Private Purpose Trust Fund (Successor Agency)

Comments:

SUGGESTED MOTIONS:

Move to adopt the proposed resolution approving and adopting the administrative budget for the Lakeport

Redevelopment Successor Agency in the amount of $209,894 for the fiscal year 2015-16 period.

Attachments: Proposed Resolution


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RESOLUTION NO. OB-_______ (2015)

A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO

THE DISSOLVED REDEVELOPMENT AGENCY OF THE CITY OF LAKEPORT,

CALIFORNIA, APPROVING THE SUCCESSOR AGENCYS ADMINISTRATIVE

BUDGET FOR THE PERIOD JULY 1, 2015, TO JUNE 30, 2016, PURSUANT TO

HEALTH AND SAFETY CODESECTION 34177(j)

WHEREAS, pursuant to Health and Safety CodeSection 34173(d), the City of Lakeport(RDA Successor Agency) is the successor agency to the dissolved Redevelopment Agency of

the City of Lakeport (Agency); and

WHEREAS, the Oversight Board is the RDA Successor Agencys oversight board pursuant

to Health and Safety Code Section 34179(a); and

WHEREAS, Health and Safety CodeSection 34177(j) requires the RDA Successor Agencyto prepare a proposed administrative budget (Administrative Budget) for each six-month

fiscal period, and submit it to the Oversight Board for the Oversight Boards approval; and

WHEREAS, the RDA Successor Agency has prepared and submitted the Administrative

Budget for the period July 1, 2015, to June 30, 2016, to the Oversight Board.

NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE

DISSOLVED REDEVELOPMENT AGENCY OF THE CITY OF LAKEPORT DOES HEREBY RESOLVE AS

FOLLOWS:


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Oversight Board declares that the Oversight Board would have adopted this Resolution

irrespective of the invalidity of any particular portion of this Resolution.

Section 5. Certification. The City Clerk of the City of Lakeport, acting on behalf of the

Oversight Board as its Secretary, shall certify to the adoption of this Resolution.

Section 6. Effective Date. Pursuant to Health and Safety Code Section 34179(h), all

actions taken by the Oversight Board may be reviewed by the State of California Department of

Finance, and, therefore, this Resolution shall not be effective for five (5) business days, pending

a request for review by the State of California Department of Finance.

PASSED, APPROVED AND ADOPTED this 6th day of February, 2015 by the following

vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

________________________________

Stacey Mattina, Board Chairperson

ATTEST:

___________________________________

Janel M. Chapman, Board Secretary


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EXHIBIT A

FISCAL YEAR 2015-16

APPROVED ESTIMATED BUDGET TO PROPOSED

BUDGET ACTUALS ACTUALS BUDGETFISCAL YEAR FISCAL YEAR VARIANCE FISCAL YEAR

2014-15 2014-15 2014-15 2015-16

ADMINISTRATIVE COSTS BY FUNCTION

General administration

Salaries and benefits 52,429$ 59,200$ (6,771)$ 62,160$

Materials, supplies, service costs 225 200 25 1,000

Travel and training 500 1,000 (500) 1,500

Overhead 5,582 7,701 (2,119) 8,243

Subtotal 58,736 68,101 (9,365) 72,903

Succesor Agency ActivitiesSalaries and benefits 14,126 14,800 (674) 15,540

Materials, supplies, service costs 10,300 3,500 6,800 14,000

Travel and training - - - -

Overhead 2,565 2,333 232 3,766

Subtotal 26,991 20,633 6,358 33,306

Financial management and debt administration

Salaries and benefits 54,922 58,665 (3,743) 61,598


Travel and training 500 500 - 1,500

Overhead 7,817 9,385 (1,568) 10,595

Subtotal 82,260 82,992 (732) 93,693

Planning and Engineering for Ongoing Projects

Salaries and benefits 15,819 17,507 (1,688) 4,862


ADMINISTRATIVE BUDGET

SUCCESSOR AGENCY TO THE LAKEPORT REDEVELOPMENT AGENCY

CITY OF LAKEPORT, CALIFORNIA

JULY 1, 2015 - JUNE 30, 2016


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CITY OF LAKEPORT

City Council

City of Lakeport Municipal Sewer DistrictLakeport Redevelopment Successor Agency

Lakeport Redevelopment Oversight Board

STAFF REPORT

RE: Recognized Obligation Payment Schedule (ROPS) 15-16A MEETING DATE: 02/06/2015

SUBMITTED BY: Daniel Buffalo, Finance Director

PURPOSE OF REPORT: Information only Discussion Action Item

WHAT IS BEING ASKED OF THE CITY COUNCIL/BOARD:

The Board is being asked to review and approve the ROPS 15-16A for the period of July 1, 2015, throughDecember 31, 2015.

BACKGROUND/DISCUSSION:

Following dissolution of the Redevelopment Agency of the City of Lakeport (Agency), the City elected to

become the successor agency to the Agency by Resolution No. 2441, dated January 10, 2012 (the Successor

Agency). Pursuant to Health and Safety CodeSection 34173(b), the Successor Agency is now a separate legal

entity from the City. One of the responsibilities of the Successor Agency is to prepare a Recognized Obligation

Payment Schedule (ROPS), which sets forth the nature, amount, and source(s) of payment of all enforceable

obligations of the Agency (as defined by law) to be paid by the Successor Agency.

Pursuant to Health and Safety Code Section 34177(l), the Successor Agency, is required to prepare a ROPS


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OPTIONS:

Adopt the proposed resolution approving and adopting the Recognized Obligation Payment 15-16A Schedule

covering the period July to December 2015.

FISCAL IMPACT:

None $1,575,134 Budgeted Item? Yes No

Budget Adjustment Needed? Yes No If yes, amount of appropriation increase: $

Affected fund(s): General Fund Water OM Fund Sewer OM Fund Other: Redevelopment

Private Purpose Trust Fund (Successor Agency)

Comments: The ROPS lists existing enforceable obligations to be paid by the Successor Agency. Only payments

listed on the approved ROPS and approved by DOF may be made by the Successor Agency.

SUGGESTED MOTIONS:

Move to approve the proposed resolution approving and adopting the ROPS 15-16A for the period of July 1,

2015, through December 31, 2015.

Attachments: Proposed Resolution


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RESOLUTION NO. 0B-________ (2015)

A RESOLUTION OF THE OVERSIGHT BOARD TO THE DISSOLVED

REDEVELOPMENT AGENCY OF THE CITY OF LAKEPORT, APPROVING AND

ADOPTING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE COVERING THE

PERIOD JULY 1 THROUGH DECEMBER 31, 2015, PURSUANT TOHEALTH AND

SAFETY CODESECTION 34177(l) AND (m)

WHEREAS,pursuant to Health and Safety CodeSection 34173(d), the City of Lakeportelected to become the successor agency to the Redevelopment Agency of the City of Lakeport

(Successor Agency) by Resolution No. 2441 on January 10, 2012; and

WHEREAS,pursuant to Health and Safety CodeSection 34173(g), the Successor Agency

is now a separate legal entity from the City; and

WHEREAS, Health and Safety Code Section 34177(l) requires the Successor Agency toprepare a recognized obligation payment schedule (ROPS), before each six-month fiscal

period, forward looking to the next six months; and

WHEREAS, Health and Safety Code Section 34177(l)(2) requires the Successor Agency to

submit the ROPS to the Successor Agencys Oversight Board (Oversight Board) for its

approval, and upon such approval, the Successor Agency is required to submit a copy of the

approved ROPS (Approved ROPS) to the Lake County Auditor-Controller, the California State

Controller, and the State of California Department of Finance, and post the Approved ROPS on

the Successor Agencys website; and


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environment. As a result, such action does not constitute a project subject to the requirements

of the California Environmental Quality Act.

Section 3. Approval of ROPS. The Oversight Board hereby approves and adopts the

ROPS 15-16A, covering the period July 1, 2015 to December 31, 2015, in substantially the form

attached to this Resolution as Exhibit A, as required by Health and Safety Code Section 34177.

Section 4. Transmittal of ROPS. The City Manager is hereby authorized and directed to

take any action necessary to carry out the purposes of this Resolution and comply with

applicable law regarding the ROPS 15-16A, including submitting the approved ROPS 15-16A tothe Lake County Auditor-Controller, the California State Controller, and the State of California

Department of Finance, and posting the Approved ROPS on the Successor Agencys website.

Section 5. Effectiveness. This Resolution shall take effect immediately upon its

adoption.

PASSED, APPROVED AND ADOPTED at a regular meeting of the Oversight Board to the

former Redevelopment Agency of the City of Lakeport on the 6th day of February, 2015, by the

following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

________________________________

STACEY MATTINA Chair


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EXHIBIT A

RECOGNIZED OBLIGATION PAYMENT SCHEDULE

[Attached behind this page]


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Name of Successor Agency: Lakeport

Name of County: Lake

Current Period Requested Funding for Outstanding Debt or Obligation

A 1,273,745$

B 1,273,745

C -

D -

E 301,389$

F 196,442

G 104,947

H Current Period Enforceable Obligations (A+E): 1,575,134$

Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding

I Enforceable Obligations funded with RPTTF (E): 301,389

J -

K 301,389$

County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding

L Enforceable Obligations funded with RPTTF (E): 301,389

M -

N 301,389

Name Title

/s/

Signature Date

Administrative Costs (ROPS Detail)

Less Prior Period Adjustment (Report of Prior Period Adjustments Column S)

Adjusted Current Period RPTTF Requested Funding (I-J)

Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA)

Adjusted Current Period RPTTF Requested Funding (L-M)

Certification of Oversight Board Chairman:Pursuant to Section 34177 (m) of the Health and Safety code, Ihereby certify that the above is a true and accurate RecognizedObligation Payment Schedule for the above named agency.

Recognized Obligation Payment Schedule (ROPS 15-16A) - SummaryFiled for the July 1, 2015 through December 31, 2015 Period

Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund (RPTTF) Funding

Sources (B+C+D):

Non-Administrative Costs (ROPS Detail)

Enforceable Obligations Funded with RPTTF Funding (F+G):

Bond Proceeds Funding (ROPS Detail)

Reserve Balance Funding (ROPS Detail)

Other Funding (ROPS Detail)

Six-Month Total


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A B C D E F G H I J K L M N O P

Bond Proceeds Reserve Balance Ot he r F un ds No n- Ad mi n Admin

15,970,962$ 1,273,745$ -$ -$ 196,442$ 104,947$ 1,575,134$

1 2004 Series A Bonds Bonds Issued On or 3/1/2005 3/1/2036 Union Bank of California Bond indebtedness Lakeport 1,975,838 N 27,563 $ 27,5632 2004 Series B Bonds Bonds Issued On or

Before 12/31/103/1/2005 3/1/2027 Union Bank of California Bond indebtedness Lakeport

RedevelopmentProject Area

1,082,900 N 71,926 $ 71,926

3 2008 Tax Allocat ion Bonds Bonds I ssued On orBefore 12/31/10

2/1/2012 9/1/2038 Union Bank of California Bond indebtedness LakeportRedevelopmentProject Area

6,074,860 N 96,953 $ 96,953

4 Service Agreement Legal 12/31/2010 9/1/2038 BBK - Seth Merewitz Agency Counsel LakeportRedevelopmentProject Area

3,087 N $ -

7 Service Agreement ProfessionalServices

6/9/2008 9/1/2038 Boss Realty and Appraisal Realty services LakeportRedevelopmentProject Area

10,000 N $ -

8 Contracted Services ProfessionalServices

1/1/2011 9/1/2038 Various Appraisal, legal, and consultingservices necessary for Agency winddown/dissolution

LakeportRedevelopmentProject Area

N $ -

9 Lakeport Main Street ImprovementProject (Bond Funded)

Improvement/Infrastructure

4/1/2008 6/30/2015 Various Infrastructure Improvements toDowntown Main Street


1,258,650 N 1,250,000 $ 1,250,000

10 Service Agreement (Bond Funded) ProfessionalServices 1/6/2010 6/30/2011 Rau and Associates Design and engineering services LakeportRedevelopmentProject Area

23,745 N 23,745 $ 23,745

13 Office Rent Admin Costs 2/1/2012 9/1/2038 City of Lakeport Office rent and RDA board costs LakeportRedevelopmentProject Area

- N $ -

14 Personnel Costs Admin Costs 2/1/2012 9/1/2038 City of Lakeport Use of City personnel LakeportRedevelopmentProject Area

3,547,570 N 72,080 $ 72,080

15 Direct Operating Costs Admin Costs 2/1/2012 9/1/2038 City of Lakeport Materials, supplies, service costs,training


1,220,503 N 21,000 $ 21,000

16 Successor Agency Overhead Admin Costs 2/1/2012 9/1/2038 City of Lakeport Overhead as percentage of total directcost


773,809 N 11,867 $ 11,867

17 N $ -18 N $ -

19 N $ -20 N $ -

21 N $ -22 N $ -

23 N $ -24 N $ -

25 N $ -

26 N $ -27 N $ -28 N $ -

29 N $ -30 N $ -

31 N $ -32 N $ -

33 N $ -34 N $ -

35 N $ -36 N $ -

37 N $ -38 N $ -39 N $ -

40 N $ -41 N $ -

42 N $ -43 N $ -

44 N $ -

45 N $ -46 N $ -47 N $ -

48 N $ -49 N $ -

50 N $ -51 N $ -

Recognized Obligation Payment Schedule (ROPS 15-16A) - ROPS Detail

July 1, 2015 through December 31, 2015(Report Amounts in Whole Dollars)

Item # Payee Description/Project Scope Project AreaTotal OutstandingDebt or Obligation Retired

Funding Source

Six-Month TotalProject Name / Debt Obligation Obligation TypeContract/Agreement

Execution Date

RPTTF

Non-Redevelopment Property Tax Trust Fund

(Non-RPTTF)Contract/Agreement

Termination Date


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A B C D E F G H I

Other RPTTF

Bonds Issued onor before12/31/10

Bonds Issued onor after 01/01/11

Prior ROPSperiod balances

and DDR RPTTFbalancesretained

Prior ROPSRPTTF

distributed asreserve for future

period(s)

Rent,Grants,

Interest, Etc.

Non-Adminand

Admin

ROPS 14-15A Actuals (07/01/14 - 12/31/14)

1 Beginning Available Cash Balance (Actual 07/01/14)1,995,233 26,451 -

2 Revenue/Income (Actual 12/31/14)

RPTTF amounts should tie to the ROPS 14-15A distribution from theCounty Auditor-Controller during June 2014

5,327 78 287,945

3 Expenditures for ROPS 14-15A Enforceable Obligations (Actual

12/31/14)RPTTF amounts, H3 plus H4 should equal total reported actualexpenditures in the Report of PPA, Columns L and Q

- 5,042 287,945

4 Retention of Available Cash Balance (Actual 12/31/14)RPTTF amount retained should only include the amounts distributed asreserve for future period(s)

2,000,560 21,487 -

5 ROPS 14-15A RPTTF Prior Period AdjustmentRPTTF amount should tie to t he self-reported ROPS 14-15A PPA in theReport of PPA, Column S

No entry required

-

6 Ending Actual Available Cash Balance

C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) -$ -$ -$ -$ -$ -$

ROPS 14-15B Estimate (01/01/15 - 06/30/15)

7 Beginning Available Cash Balance (Actual 01/01/15)

(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)2,000,560$ -$ 21,487$ -$ -$ -$

8 Revenue/Income (Estimate 06/30/15)RPTTF amounts should tie to the ROPS 14-15B distribution from theCounty Auditor-Controller during January 2015 5,342 76 226,654

9 Expenditures for ROPS 14-15B Enforceable Obligations (Estimate

06/30/15) 750,000 4,304 226,654

10 Retention of Available Cash Balance (Estimate 06/30/15)RPTTF amount retained should only include the amounts distributed asreserve for future period(s) 1,255,902 17,259 -

11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10)-$ -$ -$ -$ -$ -$

Recognized Obligation Payment Schedule (ROPS 15-16A) - Report of Cash Balances(Report Amounts in Whole Dollars)

Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or

when payment from property tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Form, see https://rad.dof.ca.gov/rad-

sa/pdf/Cash_Balance_Agency_Tips_Sheet.pdf.

Fund Sources

Comments

Bond Proceeds Reserve Balance

Cash Balance Information by ROPS Period
http://rad-dof.dof.finance:8080/rad-sa/pdf/Cash_Balance_Agency_Tips_Sheet.pdfhttp://rad-dof.dof.finance:8080/rad-sa/pdf/Cash_Balance_Agency_Tips_Sheet.pdfhttp://rad-dof.dof.finance:8080/rad-sa/pdf/Cash_Balance_Agency_Tips_Sheet.pdfhttp://rad-dof.dof.finance:8080/rad-sa/pdf/Cash_Balance_Agency_Tips_Sheet.pdfhttp://rad-dof.dof.finance:8080/rad-sa/pdf/Cash_Balance_Agency_Tips_Sheet.pdfhttp://rad-dof.dof.finance:8080/rad-sa/pdf/Cash_Balance_Agency_Tips_Sheet.pdfhttp://rad-dof.dof.finance:8080/rad-sa/pdf/Cash_Balance_Agency_Tips_Sheet.pdf


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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB

Net SA Non-Admin

and Admin PPA(Amount Used to

Offset ROPS15-16A

Requested RPTTF)

Net CAC Non-Admin and Admin

PPA

(Amount Used toOffset ROPS15-

16A Requested

RPTTF)

Authorized Actual Authorized Actual Authorized Actual Auth orized

Available

RPTTF(ROPS14-15A

distributed+all otheravailable as of

07/1/14)

Net LesserofAuthorized /

Available Actual

Difference

(If K is less thanL,the difference

is zero) Authorized

Available

RPTTF(ROPS14-15A

distributed+all otheravailable as of

07/1/14)


Available Actual

Difference

(If total actual

exceeds total

authorized,thetotal difference is

zero)

Net Difference

(M+R)


A va il ab le A ct ua l D if fe re n ce


A vai l ab l e A ctual D i fference N et D i fference

1,025,000$ -$ -$ -$ -$ -$ 192,847$ 192,847$ 192,847$ 192,847$ -$ 98,516$ 98,516$$ 98,516

98,516$ -$ -$ -$ -$ -$

1 2004 Series A

- - - 27,563 27,563 $ 27,563 27,563 $ - $ -

2 2004 Series B

- - - 68,065 68,065 $ 68,065 68,065 $ - $ -

3 2008 TaxAllocationBonds

- - - 97,219 97,219 $ 97,219 97,219 $ - $ -

4 Service Agreement - - - - $ - $ - $ -7 Service Agreement - - - - $ - $ - $ -8 Contracted

Services- - - - $ - $ - $ -

9 LakeportMainStreetImprovementProject(BondFunded)

1,000,000 - - - $ - - $ - $ -

10 Service Agreement(BondFunded)

25,000 - - - $ - - $ - $ -

1 3 O f fi ce R en t - - - - $ - $ - $ -14 PersonnelCosts - - - - $ - $ - 68,648 $ -15 DirectOperating

Costs- - - - $ - $ - 20,506 $ -

16 Successor AgencyOverhead

- - - - $ - $ - 9,362 $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -

RPTTF Expenditures

ROPS 14-15ACAC PPA: To be completed by the CAC upon submittal of the ROPS 15-16A by the SA to Finance andthe CAC. Note that CACs will need to enter their own formulas at the line itemlevel pursuant to the manner in whichthey calculate the PPA. Also note that the Admin amounts do not need to be listed at the line itemlevel and may beentered as a lump sum.

CAC CommentsSA Comments

Recognized Obligation Payment Schedule (ROPS 15-16A) - Report of Prior Period AdjustmentsReported for the ROPS 14-15A (July 1, 2014 through December 31, 2014) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)

(Report Amounts in Whole Dollars)

ROPS 14-15ASuccessor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15A (July through December 2014) period. The amountofRedevelopment Property TaxTrust Fund (RPTTF) approved for the ROPS 15-16A (July through December 2015) period will be offset by the SAs self-reported ROPS 14-15A prior period adjustment. HSC Section 34186 (a) also specifies that t he prior period adjustments self-reported by SAs are subject to audit

by the county auditor-controller (CAC) and the State Controller.

Item#

Project Name /

Debt Obligation

Non-RPTTF Expenditures

Non-Admin Non-Admin CAC Admin CACAdminBond Proceeds Reserve Balance Other Funds

RPTTF Expenditures


18/18

I tem # Notes/Comments

Recognized Obligation Payment Schedule (ROPS 15-16A) - NotesJuly 1, 2015 through December 30, 2015

020615 Lakeport Redevelopment Oversight Board agenda

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