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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
Materials, supplies, service costs 19,021 14,442 4,579 20,000
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
Materials, supplies, service costs 10,466 4,937 5,529 3,000
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
LakeportRedevelopmentProject Area
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
LakeportRedevelopmentProject Area
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
LakeportRedevelopmentProject Area
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.pdf8/9/2019 020615 Lakeport Redevelopment Oversight Board agenda
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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)
Net LesserofAuthorized /
Available Actual
Difference
(If total actual
exceeds total
authorized,thetotal difference is
zero)
Net Difference
(M+R)
Net LesserofAuthorized /
A va il ab le A ct ua l D if fe re n ce
Net LesserofAuthorized /
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 $ -
$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -
$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -
$ - $ - $ -$ - $ - $ -$ - $ - $ -
$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -
$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -$ - $ - $ -
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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
8/9/2019 020615 Lakeport Redevelopment Oversight Board agenda
18/18
I tem # Notes/Comments
Recognized Obligation Payment Schedule (ROPS 15-16A) - NotesJuly 1, 2015 through December 30, 2015