Camarillo ROPS 21-22
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Transmitted via e-mail April 12, 2021 Mark Uribe, Director of Finance City of Camarillo 601 Carmen Drive Camarillo, CA 93010 2021-22 Annual Recognized Obligation Payment Schedule Pursuant to Health and Safety Code (HSC) section 34177 (o) (1), the City of Camarillo Successor Agency (Agency) submitted an annual Recognized Obligation Payment Schedule for the period July 1, 2021 through June 30, 2022 (ROPS 21-22) to the California Department of Finance (Finance) on January 29, 2021. Finance has completed its review of the ROPS 21-22. Based on a sample of line items reviewed and application of the law, Finance made the following determinations: • Item 37 - 2014 Refunding Tax Allocation Bond Shortfall/ROPS 18-19 in the total outstanding amount of $120,500 is not allowed. The Agency claims the shortfall is the result of a reclassification of Redevelopment Property Tax Trust Fund (RPTTF) impacting the July 1, 2016 through June 30, 2017 (ROPS 16-17) period. However, the reclassification applied in the July 1, 2018 through June 30, 2019 (ROPS 18-19) period does not factor into the ROPS 16-17 distribution. Furthermore, the Ventura County Auditor-Controller (CAC) did not report a shortfall in Redevelopment Property Tax Trust Fund (RPTTF) funding for the ROPS 18-19 period. Pursuant to HSC section 34173 (h), the City may loan funds to the Agency for administrative costs or enforceable obligations when the Agency receives an insufficient distribution of RPTTF, or other approved sources of funding are insufficient to pay approved enforceable obligations in the ROPS period. Since the Agency had available funding in the ROPS period to meet obligations and there was no evidence of a City loan, the requested $120,500 in RPTTF is not allowed. • Item 38 - Underreported Administrative Costs/ROPS 17-18 in the total outstanding amount of $48,921 is not allowed. The Agency claims that administrative expenses in the amount of $48,921 were incurred in the ROPS 16-17 period and paid in July 1, 2017 through June 30, 2018 (ROPS 17-18) period, and the expenditure wasn't accounted for in the cash balance review, leading to a shortfall of cash. It was determined the administrative expenditures had been accounted for in a prior review, and there was no support to show a shortfall of funding for administrative costs. Therefore, the requested $48,921 in RPTTF is not allowed. City of Camarillo 3
Transcript of Camarillo ROPS 21-22
Transmitted via e-mail
April 12, 2021
Mark Uribe, Director of Finance City of Camarillo 601 Carmen Drive Camarillo, CA 93010
2021-22 Annual Recognized Obligation Payment Schedule
Pursuant to Health and Safety Code (HSC) section 34177 (o) (1), the City of Camarillo Successor Agency (Agency) submitted an annual Recognized Obligation Payment Schedule for the period July 1, 2021 through June 30, 2022 (ROPS 21-22) to the California Department of Finance (Finance) on January 29, 2021. Finance has completed its review of the ROPS 21-22.
Based on a sample of line items reviewed and application of the law, Finance made the following determinations:
• Item 37 - 2014 Refunding Tax Allocation Bond Shortfall/ROPS 18-19 in the totaloutstanding amount of $120,500 is not allowed. The Agency claims the shortfall isthe result of a reclassification of Redevelopment Property Tax Trust Fund (RPTTF)impacting the July 1, 2016 through June 30, 2017 (ROPS 16-17) period. However, thereclassification applied in the July 1, 2018 through June 30, 2019 (ROPS 18-19) perioddoes not factor into the ROPS 16-17 distribution.
Furthermore, the Ventura County Auditor-Controller (CAC) did not report a shortfallin Redevelopment Property Tax Trust Fund (RPTTF) funding for the ROPS 18-19 period.Pursuant to HSC section 34173 (h), the City may loan funds to the Agency foradministrative costs or enforceable obligations when the Agency receives aninsufficient distribution of RPTTF, or other approved sources of funding are insufficientto pay approved enforceable obligations in the ROPS period. Since the Agencyhad available funding in the ROPS period to meet obligations and there was noevidence of a City loan, the requested $120,500 in RPTTF is not allowed.
• Item 38 - Underreported Administrative Costs/ROPS 17-18 in the total outstandingamount of $48,921 is not allowed. The Agency claims that administrative expenses inthe amount of $48,921 were incurred in the ROPS 16-17 period and paid inJuly 1, 2017 through June 30, 2018 (ROPS 17-18) period, and the expenditure wasn'taccounted for in the cash balance review, leading to a shortfall of cash. It wasdetermined the administrative expenditures had been accounted for in a priorreview, and there was no support to show a shortfall of funding for administrativecosts. Therefore, the requested $48,921 in RPTTF is not allowed.
City of Camarillo 3
Mark UribeApril 12, 2021Page 2
Pursuant to HSC section 34186, successor agencies are required to report differences between actual payments and past estimated obligations (prior period adjustments) for the July 1, 2018 through June 30, 2019 (ROPS 18-19) period. The ROPS 18-19 prior period adjustment (PPA) will offset the ROPS 21-22 RPTTF distribution. The amount of RPTTFauthorized includes the PPA resulting from the CAC’s review of the PPA form submitted by the Agency.
The Agency’s maximum approved RPTTF distribution for the reporting period is $3,581,131, as summarized in the Approved RPTTF Distribution table (see Attachment).
RPTTF distributions occur biannually, one distribution for the July 1, 2021 through December 31, 2021 period (ROPS A period), and one distribution for the January 1, 2022 through June 30, 2022 period (ROPS B period), based on Finance's approved amounts. Since this determination is for the entire ROPS 21-22 period, the Agency is authorized to receive up to the maximum approved RPTTF through the combined ROPS A and B period distributions.
Except for the adjusted item, Finance does not object to the remaining items listed on the ROPS 21-22. If the Agency disagrees with our determination with respect to any items on the ROPS 21-22, except items which are the subject of litigation disputing our previous or related determinations, the Agency may request a Meet and Confer within five business days from the date of this letter. The Meet and Confer process and guidelines are available on our website:
http://dof.ca.gov/Programs/Redevelopment/Meet_And_Confer/
The Agency must use the RAD App to complete and submit its Meet and Confer request form.
Absent a Meet and Confer, this is our final determination regarding the obligations listed on the ROPS 21-22. This determination only applies to items when funding was requested for the 12-month period. If a determination by Finance in a previous ROPS is currently the subject of litigation, the item will continue to reflect the determination until the matter is resolved.
The ROPS 21-22 form submitted by the Agency and this determination letter will be posted on our website:
http://dof.ca.gov/Programs/Redevelopment/ROPS/
This determination is effective for the ROPS 21-22 period only and should not be conclusively relied upon for future ROPS periods. All items listed on a future ROPS are subject to Finance's review and may be adjusted even if not adjusted on this ROPS or a preceding ROPS. The only exception is for items that have received a Final and Conclusive determination from Finance pursuant to HSC section 34177.5 (i). Finance’s review of Final and Conclusive items is limited to confirming the scheduled payments as required by the obligation.
City of Camarillo 4
Michelle Yamaguchi, Chief Deputy Director, Ventura County
Mark UribeApril 12, 2021Page 3
The amount available from the RPTTF is the same as the amount of property tax increment available prior to the enactment of the redevelopment dissolution law. Therefore, as a practical matter, the ability to fund the items on the ROPS with property tax increment is limited to the amount of funding available to the Agency in the RPTTF.
Please direct inquiries to Todd Vermillion, Supervisor, or Preston Saitta, Staff, at (916) 322-2985.
Sincerely,
JENNIFER WHITAKER Program Budget Manager
cc: Brian Richie, Accounting Manager, City of Camarillo
Original signed by Cheryl L. McCormick for:
City of Camarillo 5
Attachment
Approved RPTTF Distribution July 2021 through June 2022
ROPS A ROPS B Total
RPTTF Requested $ 3,820,146 $ 0 $ 3,820,146
Administrative RPTTF Requested 55,500 0 55,500
Total RPTTF Requested 3,875,646 0 3,875,646
RPTTF Requested 3,820,146 0 3,820,146
Adjustment(s)
Item No. 37 (120,500) 0 (120,500)
Item No. 38 (48,921) 0 (48,921)
(169,421) 0 (169,421)
RPTTF Authorized 3,650,725 0 3,650,725
Administrative RPTTF Authorized 55,500 0 55,500
ROPS 18-19 prior period adjustment (PPA) (125,094) 0 (125,094)
Total RPTTF Approved for Distribution $ 3,581,131 $ 0 $ 3,581,131
Mark Uribe April 12, 2021 Page 4
City of Camarillo 6
Transmitted via e-mail
April 5, 2021
Jesse Cano, Assistant Finance Director City of Fillmore 250 Central Avenue Fillmore, CA 93015
2021-22 Annual Recognized Obligation Payment Schedule
Pursuant to Health and Safety Code (HSC) section 34177 (o) (1), the City of Fillmore Successor Agency (Agency) submitted an annual Recognized Obligation Payment Schedule for the period July 1, 2021 through June 30, 2022 (ROPS 21-22) to the California Department of Finance (Finance) on January 28, 2021. Finance has completed its review of the ROPS 21-22.
Based on a sample of line items reviewed and application of the law, Finance made the following determinations:
• On the ROPS 21-22 form, the Agency reported cash balances and activity for theperiod July 1, 2018 through June 30, 2019 (ROPS 18-19). According to our review,the Agency has approximately $227,287 from Reserve Balances available to fundenforceable obligations on the ROPS 21-22. HSC section 34177 (l) (1) (E) requiresthese balances to be used prior to requesting Redevelopment Property Tax TrustFund (RPTTF) funding. This item does not require payment from property taxrevenues; therefore, the funding source for the following item has been reclassifiedin the amount specified below:
◦ Item No. 39 – 2015 Tax Allocation Refunding Bonds in the amount of$2,325,000 is partially reclassified. Finance is approving RPTTF in the amount of$2,097,713 and the use of Reserve Balances in the amount of $227,287,totaling $2,325,000.
• The administrative costs claimed are within the fiscal year administrative cappursuant to HSC section 34171 (b) (3). However, Finance notes the Oversight Board(OB) has approved an amount that appears excessive, given the number andnature of the obligations listed on the ROPS. HSC section 34179 (i) requires the OBto exercise a fiduciary duty to the taxing entities. Therefore, Finance encouragesthe OB to apply adequate oversight when evaluating the administrative resourcesnecessary to successfully wind down the Agency.
City of Fillmore 7
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Jesse CanoApril 5, 2021Page 2
Pursuant to HSC section 34186, successor agencies are required to report differences between actual payments and past estimated obligations (prior period adjustments) for the July 1, 2018 through June 30, 2019 (ROPS 18-19) period. The ROPS 18-19 prior period adjustment (PPA) will offset the ROPS 21-22 RPTTF distribution. The amount of RPTTFauthorized includes the PPA resulting from the County Auditor-Controller’s review of the PPA form submitted by the Agency.
The Agency’s maximum approved RPTTF distribution for the reporting period is $3,633,099, as summarized in the Approved RPTTF Distribution table (see Attachment).
RPTTF distributions occur biannually, one distribution for the July 1, 2021 through December 31, 2021 period (ROPS A period), and one distribution for the January 1, 2022 through June 30, 2022 period (ROPS B period), based on Finance's approved amounts. Since this determination is for the entire ROPS 21-22 period, the Agency is authorized to receive up to the maximum approved RPTTF through the combined ROPS A and B period distributions.
Except for the adjusted item, Finance does not object to the remaining items listed on the ROPS 21-22. If the Agency disagrees with our determination with respect to any items on the ROPS 21-22, except items which are the subject of litigation disputing our previous or related determinations, the Agency may request a Meet and Confer within five business days from the date of this letter. The Meet and Confer process and guidelines are available on our website:
http://dof.ca.gov/Programs/Redevelopment/Meet_And_Confer/
The Agency must use the RAD App to complete and submit its Meet and Confer request form.
Absent a Meet and Confer, this is our final determination regarding the obligations listed on the ROPS 21-22. This determination only applies to items when funding was requested for the 12-month period. If a determination by Finance in a previous ROPS is currently the subject of litigation, the item will continue to reflect the determination until the matter is resolved.
The ROPS 21-22 form submitted by the Agency and this determination letter will be posted on our website:
http://dof.ca.gov/Programs/Redevelopment/ROPS/
This determination is effective for the ROPS 21-22 period only and should not be conclusively relied upon for future ROPS periods. All items listed on a future ROPS are subject to Finance's review and may be adjusted even if not adjusted on this ROPS or a preceding ROPS. The only exception is for items that have received a Final and Conclusive determination from Finance pursuant to HSC section 34177.5 (i). Finance’s review of Final and Conclusive items is limited to confirming the scheduled payments as required by the obligation.
City of Fillmore 8
Michelle Yamaguchi, Chief Deputy Director, Ventura County
Jesse CanoApril 5, 2021Page 3
The amount available from the RPTTF is the same as the amount of property tax increment available prior to the enactment of the redevelopment dissolution law. Therefore, as a practical matter, the ability to fund the items on the ROPS with property tax increment is limited to the amount of funding available to the Agency in the RPTTF.
Please direct inquiries to Todd Vermillion, Supervisor, or Mark-Anthony Lacy, Staff, at (916) 322-2985.
Sincerely,
JENNIFER WHITAKER Program Budget Manager
cc: David Rowlands, City Manager, City of Fillmore
Original signed by Cheryl L. McCormick for:
City of Fillmore 9
Attachment
Approved RPTTF Distribution July 2021 through June 2022
ROPS A ROPS B Total
RPTTF Requested $ 660,375 $ 2,985,375 $ 3,645,750
Administrative RPTTF Requested 109,141 109,140 218,281
Total RPTTF Requested 769,516 3,094,515 3,864,031
RPTTF Requested 660,375 2,985,375 3,645,750
Adjustment(s)
Item No. 39 0 (227,287) (227,287)
RPTTF Authorized 660,375 2,758,088 3,418,463
Administrative RPTTF Authorized 109,141 109,140 218,281
ROPS 18-19 prior period adjustment (PPA) (3,645) 0 (3,645)
Total RPTTF Approved for Distribution $ 765,871 $ 2,867,228 $ 3,633,099
Jesse Cano April 5, 2021 Page 4
City of Fillmore 10
Transmitted via e-mail
March 25, 2021
Kambiz Borhani, Finance Director City of Moorpark 799 Moorpark Avenue Moorpark, CA 93021
2021-22 Annual Recognized Obligation Payment Schedule
Pursuant to Health and Safety Code (HSC) section 34177 (o) (1), the City of Moorpark Successor Agency (Agency) submitted an annual Recognized Obligation Payment Schedule for the period July 1, 2021 through June 30, 2022 (ROPS 21-22) to the California Department of Finance (Finance) on January 30, 2021. Finance has completed its review of the ROPS 21-22.
Based on a sample of line items reviewed and application of the law, Finance approves all of the items listed on the ROPS 21-22 at this time.
Pursuant to HSC section 34186, successor agencies are required to report differences between actual payments and past estimated obligations (prior period adjustments) for the July 1, 2018 through June 30, 2019 (ROPS 18-19) period. The ROPS 18-19 prior period adjustment (PPA) will offset the ROPS 21-22 Redevelopment Property Tax Trust Fund (RPTTF) distribution. The amount of RPTTF authorized includes the PPA resulting from the County Auditor-Controller’s review of the PPA form submitted by the Agency.
The Agency’s maximum approved RPTTF distribution for the reporting period is $1,485,654, as summarized in the Approved RPTTF Distribution table (see Attachment).
RPTTF distributions occur biannually, one distribution for the July 1, 2021 through December 31, 2021 period (ROPS A period), and one distribution for the January 1, 2022 through June 30, 2022 period (ROPS B period), based on Finance's approved amounts. Since this determination is for the entire ROPS 21-22 period, the Agency is authorized to receive up to the maximum approved RPTTF through the combined ROPS A and B period distributions.
This is our final determination regarding the obligations listed on the ROPS 21-22. This determination only applies to items when funding was requested for the 12-month period. If a determination by Finance in a previous ROPS is currently the subject of litigation, the item will continue to reflect the determination until the matter is resolved.
The ROPS 21-22 form submitted by the Agency and this determination letter will be posted on our website:
http://dof.ca.gov/Programs/Redevelopment/ROPS/
City of Moorpark 11
This determination is effective for the ROPS 21-22 period only and should not be conclusively relied upon for future ROPS periods. All items listed on a future ROPS are subject to Finance's review and may be adjusted even if not adjusted on this ROPS or a preceding ROPS. The only exception is for items that have received a Final and Conclusive determination from Finance pursuant to HSC section 34177.5 (i). Finance’s review of Final and Conclusive items is limited to confirming the scheduled payments as required by the obligation.
The amount available from the RPTTF is the same as the amount of property tax increment available prior to the enactment of the redevelopment dissolution law. Therefore, as a practical matter, the ability to fund the items on the ROPS with property tax increment is limited to the amount of funding available to the Agency in the RPTTF.
Please direct inquiries to Todd Vermillion, Supervisor, or Brian Dunham, Staff, at (916) 322-2985.
Sincerely,
JENNIFER WHITAKER Program Budget Manager
cc: Hiromi Dever, Senior Account Technician II, City of Moorpark Michelle Yamaguchi, Chief Deputy Director, Ventura County
Kambiz Borhani March 25, 2021 Page 2
Original signed by Cheryl L. McCormick for:
City of Moorpark 12
Attachment
Approved RPTTF Distribution July 2021 through June 2022
ROPS A ROPS B Total
RPTTF Requested $ 25,000 $ 1,378,836 $ 1,403,836
Administrative RPTTF Requested 62,500 62,500 125,000
Total RPTTF Requested 87,500 1,441,336 1,528,836
RPTTF Authorized 25,000 1,378,836 1,403,836
Administrative RPTTF Authorized 62,500 62,500 125,000
ROPS 18-19 prior period adjustment (PPA) (43,182) 0 (43,182)
Total RPTTF Approved for Distribution $ 44,318 $ 1,441,336 $ 1,485,654
Kambiz Borhani March 25, 2021 Page 3
City of Moorpark 13
Transmitted via e-mail
April 13, 2021
Adam Smith, Project Manager City of Oxnard 300 West Third Street, 4th Floor Oxnard, CA 93030
2021-22 Annual Recognized Obligation Payment Schedule
Pursuant to Health and Safety Code (HSC) section 34177 (o) (1), the City of Oxnard Successor Agency (Agency) submitted an annual Recognized Obligation Payment Schedule for the period July 1, 2021 through June 30, 2022 (ROPS 21-22) to the California Department of Finance (Finance) on January 29, 2021. Finance has completed its review of the ROPS 21-22.
Based on a sample of line items reviewed and application of the law, Finance made the following determination:
• Item No. 38 — Contracts and Services in the amount of $10,000. This item isconsidered a general administrative cost. Therefore, the requested amount of$10,000 of Redevelopment Property Tax Trust Fund (RPTTF) funding has beenreclassified to Administrative RPTTF. This reclassification has increased therequested administrative costs to $185,000.
Pursuant to HSC section 34186, successor agencies are required to report differences between actual payments and past estimated obligations (prior period adjustments) for the July 1, 2018 through June 30, 2019 (ROPS 18-19) period. The ROPS 18-19 prior period adjustment (PPA) will offset the ROPS 21-22 RPTTF distribution. The amount of RPTTF authorized includes the PPA resulting from the County Auditor-Controller’s review of the PPA form submitted by the Agency.
The Agency’s maximum approved RPTTF distribution for the reporting period is $6,846,824, as summarized in the Approved RPTTF Distribution table (see Attachment).
RPTTF distributions occur biannually, one distribution for the July 1, 2021 through December 31, 2021 period (ROPS A period), and one distribution for the January 1, 2022 through June 30, 2022 period (ROPS B period), based on Finance's approved amounts. Since this determination is for the entire ROPS 21-22 period, the Agency is authorized to receive up to the maximum approved RPTTF through the combined ROPS A and B period distributions.
City of Oxnard 14
Michelle Yamaguchi, Chief Deputy Director, Ventura County
Adam SmithApril 13, 2021Page 2
Except for the adjusted item, Finance does not object to the remaining items listed on the ROPS 21-22. If the Agency disagrees with our determination with respect to any items on the ROPS 21-22, except items which are the subject of litigation disputing our previous or related determinations, the Agency may request a Meet and Confer within five business days from the date of this letter. The Meet and Confer process and guidelines are available on our website:
http://dof.ca.gov/Programs/Redevelopment/Meet_And_Confer/
The Agency must use the RAD App to complete and submit its Meet and Confer request form.
Absent a meet and confer, this is our final determination regarding the obligations listed on the ROPS 21-22. This determination only applies to items when funding was requested for the 12-month period. If a determination by Finance in a previous ROPS is currently the subject of litigation, the item will continue to reflect the determination until the matter is resolved.
The ROPS 21-22 form submitted by the Agency and this determination letter will be posted on our website:
http://dof.ca.gov/Programs/Redevelopment/ROPS/
This determination is effective for the ROPS 21-22 period only and should not be conclusively relied upon for future ROPS periods. All items listed on a future ROPS are subject to Finance's review and may be adjusted even if not adjusted on this ROPS or a preceding ROPS. The only exception is for items that have received a Final and Conclusive determination from Finance pursuant to HSC section 34177.5 (i). Finance’s review of Final and Conclusive items is limited to confirming the scheduled payments as required by the obligation.
The amount available from the RPTTF is the same as the amount of property tax increment available prior to the enactment of the redevelopment dissolution law. Therefore, as a practical matter, the ability to fund the items on the ROPS with property tax increment is limited to the amount of funding available to the Agency in the RPTTF.
Please direct inquiries to Todd Vermillion, Supervisor, or Jeremy Bunting, Staff, at (916) 322-2985.
Sincerely,
JENNIFER WHITAKER Program Budget Manager
cc: Gilbert Punsalan, Management Accountant, City of Oxnard
Original signed by Cheryl L. McCormick for:
City of Oxnard 15
Attachment
Approved RPTTF Distribution July 2021 through June 2022
ROPS A ROPS B Total
RPTTF Requested $ 1,910,639 $ 5,235,637 $ 7,146,276
Administrative RPTTF Requested 87,500 87,500 175,000
Total RPTTF Requested 1,998,139 5,323,137 7,321,276
RPTTF Requested 1,910,639 5,235,637 7,146,276
Adjustment(s)
Item No. 38 (5,000) (5,000) (10,000)
RPTTF Authorized 1,905,639 5,230,637 7,136,276
Administrative RPTTF Requested 87,500 87,500 175,000
Adjustment(s)
Item No. 38 5,000 5,000 10,000
Administrative RPTTF Authorized 92,500 92,500 185,000
ROPS 18-19 prior period adjustment (PPA) (474,452) 0 (474,452)
Total RPTTF Approved for Distribution $ 1,523,687 $ 5,323,137 $ 6,846,824
Adam Smith April 13, 2021 Page 3
City of Oxnard 16
Transmitted via e-mail
April 2, 2021
Kenneth McDonald, Finance Director City of Port Hueneme 250 North Ventura Road Port Hueneme, CA 93041
2021-22 Annual Recognized Obligation Payment Schedule
Pursuant to Health and Safety Code (HSC) section 34177 (o) (1), the City of Port Hueneme Successor Agency (Agency) submitted an annual Recognized Obligation Payment Schedule for the period July 1, 2021 through June 30, 2022 (ROPS 21-22) to the California Department of Finance (Finance) on January 29, 2021. Finance has completed its review of the ROPS 21-22.
Based on a sample of line items reviewed and application of the law, Finance made the following determinations:
• On the ROPS 21-22 form, the Agency reported cash balances and activity for theperiod July 1, 2018 through June 30, 2019 (ROPS 18-19). According to our review,the Agency has approximately $13,355 from Other Funds available to fundenforceable obligations on the ROPS 21-22. HSC section 34177 (l) (1) (E) requiresthese balances to be used prior to requesting Redevelopment Property Tax TrustFund (RPTTF) funding. This item does not require payment from property taxrevenues; therefore, with the Agency’s concurrence, the funding source for thefollowing item has been reclassified in the amount specified below:
◦ Item No. 31 – 2017 Tax Allocation Refunding Bonds in the amount of$1,362,113 is partially reclassified. Finance is approving RedevelopmentProperty Tax Trust Funds (RPTTF) in the amount of $1,348,758 and the use ofOther Funds in the amount of $13,355, totaling $1,362,113.
• The administrative costs claimed are within the fiscal year administrative cappursuant to HSC section 34171 (b) (3). However, Finance notes the Oversight Board(OB) has approved an amount that appears excessive, given the number andnature of the obligations listed on the ROPS. HSC section 34179 (i) requires the OBto exercise a fiduciary duty to the taxing entities. Therefore, Finance encouragesthe OB to apply adequate oversight when evaluating the administrative resourcesnecessary to successfully wind down the Agency.
City of Port Hueneme 17
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Kenneth McDonaldApril 2, 2021Page 2
Pursuant to HSC section 34186, successor agencies are required to report differences between actual payments and past estimated obligations (prior period adjustments) for the July 1, 2018 through June 30, 2019 (ROPS 18-19) period. The ROPS 18-19 prior period adjustment (PPA) will offset the ROPS 21-22 RPTTF distribution. The amount of RPTTF authorized includes the PPA resulting from the County Auditor-Controller’s review of the PPA form submitted by the Agency, as adjusted by Finance. Specifically, the actual expenditure amount of $1,357,269 for Item No. 31 was inadvertently not included. The available amount was $1,357,571; therefore, Finance adjusted the PPA to include the $302 difference.
The Agency’s maximum approved RPTTF distribution for the reporting period is $2,526,149, as summarized in the Approved RPTTF Distribution table (see Attachment).
RPTTF distributions occur biannually, one distribution for the July 1, 2021 through December 31, 2021 period (ROPS A period), and one distribution for the January 1, 2022 through June 30, 2022 period (ROPS B period), based on Finance's approved amounts. Since this determination is for the entire ROPS 21-22 period, the Agency is authorized to receive up to the maximum approved RPTTF through the combined ROPS A and B period distributions.
Except for the adjusted item, Finance does not object to the remaining items listed on the ROPS 21-22. If the Agency disagrees with our determination with respect to any items on the ROPS 21-22, except items which are the subject of litigation disputing our previous or related determinations, the Agency may request a Meet and Confer within five business days from the date of this letter. The Meet and Confer process and guidelines are available on our website:
http://dof.ca.gov/Programs/Redevelopment/Meet_And_Confer/
The Agency must use the RAD App to complete and submit its Meet and Confer request form.
Absent a Meet and Confer, this is our final determination regarding the obligations listed on the ROPS 21-22. This determination only applies to items when funding was requested for the 12-month period. If a determination by Finance in a previous ROPS is currently the subject of litigation, the item will continue to reflect the determination until the matter is resolved.
The ROPS 21-22 form submitted by the Agency and this determination letter will be posted on our website:
http://dof.ca.gov/Programs/Redevelopment/ROPS/
This determination is effective for the ROPS 21-22 period only and should not be conclusively relied upon for future ROPS periods. All items listed on a future ROPS are subject to Finance's review and may be adjusted even if not adjusted on this ROPS or a preceding ROPS. The only exception is for items that have received a Final and Conclusive determination from Finance pursuant to HSC section 34177.5 (i). Finance’s review of Final and Conclusive items is limited to confirming the scheduled payments as required by the obligation.
City of Port Hueneme 18
The amount available from the RPTTF is the same as the amount of property tax increment available prior to the enactment of the redevelopment dissolution law. Therefore, as a practical matter, the ability to fund the items on the ROPS with property tax increment is limited to the amount of funding available to the Agency in the RPTTF.
Please direct inquiries to Todd Vermillion, Supervisor, or Jeremy Bunting, Staff, at (916) 322-2985.
Sincerely,
JENNIFER WHITAKER Program Budget Manager
cc: Dominique Clark, Consultant, City of Port Hueneme Michelle Yamaguchi, Chief Deputy Director, Ventura County
Kenneth McDonaldApril 2, 2021Page 3
Original signed by Cheryl L. McCormick for:
City of Port Hueneme 19
Attachment
Approved RPTTF Distribution July 2021 through June 2022
ROPS A ROPS B Total
RPTTF Requested $ 1,027,353 $ 1,336,453 $ 2,363,806
Administrative RPTTF Requested 176,000 0 176,000
Total RPTTF Requested 1,203,353 1,336,453 2,539,806
RPTTF Requested 1,027,353 1,336,453 2,363,806
Adjustment(s)
Item No. 31 (13,355) 0 (13,355)
RPTTF Authorized 1,013,998 1,336,453 2,350,451
Administrative RPTTF Authorized 176,000 0 176,000
ROPS 18-19 prior period adjustment (PPA) (302) 0 (302)
Total RPTTF Approved for Distribution $ 1,189,696 $ 1,336,453 $ 2,526,149
Kenneth McDonaldApril 2, 2021Page 4
City of Port Hueneme 20
Transmitted via e-mail
March 30, 2021
Peter Gilli, Community Development Director City of San Buenaventura 501 Poli Street #133 Ventura, CA 93001
2021-22 Annual Recognized Obligation Payment Schedule
Pursuant to Health and Safety Code (HSC) section 34177 (o) (1), the City of San Buenaventura Successor Agency (Agency) submitted an annual Recognized Obligation Payment Schedule for the period July 1, 2021 through June 30, 2022 (ROPS 21-22) to the California Department of Finance (Finance) on January 28, 2021. Finance has completed its review of the ROPS 21-22.
Based on a sample of line items reviewed and application of the law, Finance approves all of the items listed on the ROPS 21-22 at this time. However, Finance notes the following:
• The administrative costs claimed are within the fiscal year administrative cappursuant to HSC section 34171 (b) (3). However, Finance notes the Oversight Board(OB) has approved an amount that appears excessive, given the number andnature of the obligations listed on the ROPS. HSC section 34179 (i) requires the OBto exercise a fiduciary duty to the taxing entities. Therefore, Finance encouragesthe OB to apply adequate oversight when evaluating the administrative resourcesnecessary to successfully wind down the Agency.
Pursuant to HSC section 34186, successor agencies are required to report differences between actual payments and past estimated obligations (prior period adjustments) for the July 1, 2018 through June 30, 2019 (ROPS 18-19) period. The ROPS 18-19 prior period adjustment (PPA) will offset the ROPS 21-22 Redevelopment Property Tax Trust Fund (RPTTF) distribution. The amount of RPTTF authorized includes the PPA resulting from the County Auditor-Controller’s review of the PPA form submitted by the Agency.
The Agency’s maximum approved RPTTF distribution for the reporting period is $1,337,614, as summarized in the Approved RPTTF Distribution table (see Attachment).
RPTTF distributions occur biannually, one distribution for the July 1, 2021 through December 31, 2021 period (ROPS A period), and one distribution for the January 1, 2022 through June 30, 2022 period (ROPS B period), based on Finance's approved amounts. Since this determination is for the entire ROPS 21-22 period, the Agency is authorized to receive up to the maximum approved RPTTF through the combined ROPS A and B period distributions.
City of San Buenaventura 21
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Michelle Yamaguchi, Chief Deputy Director, Ventura County
Peter GilliMarch 30, 2021Page 2
If the Agency disagrees with our determination with respect to any items on the ROPS 21-22, except items which are the subject of litigation disputing our previous or related determinations, the Agency may request a Meet and Confer within five business days from the date of this letter. The Meet and Confer process and guidelines are available on our website:
http://dof.ca.gov/Programs/Redevelopment/Meet_And_Confer/
The Agency must use the RAD App to complete and submit its Meet and Confer request form.
Absent a Meet and Confer, this is our final determination regarding the obligations listed on the ROPS 21-22. This determination only applies to items when funding was requested for the 12-month period. If a determination by Finance in a previous ROPS is currently the subject of litigation, the item will continue to reflect the determination until the matter is resolved.
The ROPS 21-22 form submitted by the Agency and this determination letter will be posted on our website:
http://dof.ca.gov/Programs/Redevelopment/ROPS/
This determination is effective for the ROPS 21-22 period only and should not be conclusively relied upon for future ROPS periods. All items listed on a future ROPS are subject to Finance's review and may be adjusted even if not adjusted on this ROPS or a preceding ROPS. The only exception is for items that have received a Final and Conclusive determination from Finance pursuant to HSC section 34177.5 (i). Finance’s review of Final and Conclusive items is limited to confirming the scheduled payments as required by the obligation.
The amount available from the RPTTF is the same as the amount of property tax increment available prior to the enactment of the redevelopment dissolution law. Therefore, as a practical matter, the ability to fund the items on the ROPS with property tax increment is limited to the amount of funding available to the Agency in the RPTTF.
Please direct inquiries to Todd Vermillion, Supervisor, or Brian Dunham, Staff, at (916) 322-2985.
Sincerely,
JENNIFER WHITAKER Program Budget Manager
cc: Dori Boyer, Management Analyst II, City of San Buenaventura
Original signed by Cheryl L. McCormick for:
City of San Buenaventura 22
Attachment
Approved RPTTF Distribution July 2021 through June 2022
ROPS A ROPS B Total
RPTTF Requested $ 1,025,155 $ 280,247 $ 1,305,402
Administrative RPTTF Requested 73,674 41,507 115,181
Total RPTTF Requested 1,098,829 321,754 1,420,583
RPTTF Authorized 1,025,155 280,247 1,305,402
Administrative RPTTF Authorized 73,674 41,507 115,181
ROPS 18-19 prior period adjustment (PPA) (82,969) 0 (82,969)
Total RPTTF Approved for Distribution $ 1,015,860 $ 321,754 $ 1,337,614
Peter Gilli March 30, 2021 Page 3
City of San Buenaventura 23
Transmitted via e-mail
March 17, 2021
Brian Gabler, City Manager City of Simi Valley 2929 Tapo Canyon Road Simi Valley, CA 93063
2021-22 Annual Recognized Obligation Payment Schedule
Pursuant to Health and Safety Code (HSC) section 34177 (o) (1), the City of Simi Valley Successor Agency (Agency) submitted an annual Recognized Obligation Payment Schedule for the period July 1, 2021 through June 30, 2022 (ROPS 21-22) to the California Department of Finance (Finance) on January 29, 2021. Finance has completed its review of the ROPS 21-22.
Based on a sample of line items reviewed and application of the law, Finance made the following determination:
• On the ROPS 21-22 form, the Agency reported cash balances and activity for theperiod July 1, 2018 through June 30, 2019 (ROPS 18-19). According to our review,the Agency has approximately $23,529 from Other Funds available to fundenforceable obligations on the ROPS 21-22. HSC section 34177 (l) (1) (E) requiresthese balances to be used prior to requesting Redevelopment Property Tax TrustFund (RPTTF) funding. This item does not require payment from property taxrevenues; therefore, with the Agency’s concurrence, the funding source for thefollowing item has been reclassified in the amount specified below:
◦ Item No. 17 – 2003 Tax Allocation Bonds in the amount of $2,067,857 is partiallyreclassified. Finance is approving RPTTF in the amount of $2,044,328 and theuse of Other Funds in the amount of $23,529 totaling $2,067,857.
Pursuant to HSC section 34186, successor agencies are required to report differences between actual payments and past estimated obligations (prior period adjustments) for the July 1, 2018 through June 30, 2019 (ROPS 18-19) period. The ROPS 18-19 prior period adjustment (PPA) will offset the ROPS 21-22 RPTTF distribution. The County Auditor-Controller’s review of the PPA form submitted by the Agency resulted in no prior period adjustment.
The Agency’s maximum approved RPTTF distribution for the reporting period is $2,764,077, as summarized in the Approved RPTTF Distribution table (see Attachment).
City of Simi Valley 24
Michelle Yamaguchi, Chief Deputy Director, Ventura County
Brian GablerMarch 17, 2021Page 2
RPTTF distributions occur biannually, one distribution for the July 1, 2021 through December 31, 2021 period (ROPS A period), and one distribution for the January 1, 2022 through June 30, 2022 period (ROPS B period), based on Finance's approved amounts. Since this determination is for the entire ROPS 21-22 period, the Agency is authorized to receive up to the maximum approved RPTTF through the combined ROPS A and B period distributions.
Except for the adjusted item, Finance does not object to the remaining items listed on the ROPS 21-22. If the Agency disagrees with our determination with respect to any items on the ROPS 21-22, except items which are the subject of litigation disputing our previous or related determinations, the Agency may request a Meet and Confer within five business days of the date of this letter. The Meet and Confer process and guidelines are available on our website:
http://dof.ca.gov/Programs/Redevelopment/Meet_And_Confer/
The Agency must use the RAD App to complete and submit its Meet and Confer request form.
This is our final determination regarding the obligations listed on the ROPS 21-22. This determination only applies to items when funding was requested for the 12-month period. If a determination by Finance in a previous ROPS is currently the subject of litigation, the item will continue to reflect the determination until the matter is resolved.
The ROPS 21-22 form submitted by the Agency and this determination letter will be posted on our website:
http://dof.ca.gov/Programs/Redevelopment/ROPS/
Absent a Meet and Confer, this determination is effective for the ROPS 21-22 period only and should not be conclusively relied upon for future ROPS periods. All items listed on a future ROPS are subject to Finance's review and may be adjusted even if not adjusted on this ROPS or a preceding ROPS. The only exception is for items that have received a Final and Conclusive determination from Finance pursuant to HSC section 34177.5 (i).
Please direct inquiries to Todd Vermillion, Supervisor, or Jeremy Bunting, Staff, at (916) 322-2985.
Sincerely,
JENNIFER WHITAKER Program Budget Manager
cc: Carolyn Johnson, Budget Officer, City of Simi Valley
Original signed by Cheryl L. McCormick for:
City of Simi Valley 25
Attachment
Approved RPTTF Distribution July 2021 through June 2022
ROPS A ROPS B Total
RPTTF Requested $ 2,351,731 $ 381,373 $ 2,733,104
Administrative RPTTF Requested 27,251 27,251 54,502
Total RPTTF Requested 2,378,982 408,624 2,787,606
RPTTF Requested 2,351,731 381,373 2,733,104
Adjustment(s)
Item No. 17 (23,529) 0 (23,529)
RPTTF Authorized 2,328,202 381,373 2,709,575
Administrative RPTTF Authorized 27,251 27,251 54,502
Total RPTTF Approved for Distribution $ 2,355,453 $ 408,624 $ 2,764,077
Brian Gabler March 17, 2021 Page 3
City of Simi Valley 26
Transmitted via e-mail
March 30, 2021
Jaime Boscarino, Finance Director City of Thousand Oaks 2100 Thousand Oaks Boulevard Thousand Oaks, CA 91362
2021-22 Annual Recognized Obligation Payment Schedule
Pursuant to Health and Safety Code (HSC) section 34177 (o) (1), the City of Thousand Oaks Successor Agency (Agency) submitted an annual Recognized Obligation Payment Schedule for the period July 1, 2021 through June 30, 2022 (ROPS 21-22) to the California Department of Finance (Finance) on February 1, 2021. Finance has completed its review of the ROPS 21-22.
Based on a sample of line items reviewed and application of the law, Finance approves all of the items listed on the ROPS 21-22 at this time. However, Finance notes the following:
• The administrative costs claimed are within the fiscal year administrative cappursuant to HSC section 34171 (b) (3). However, Finance notes the Oversight Board(OB) has approved an amount that appears excessive, given the number andnature of the obligations listed on the ROPS. HSC section 34179 (i) requires the OBto exercise a fiduciary duty to the taxing entities. Therefore, Finance encouragesthe OB to apply adequate oversight when evaluating the administrative resourcesnecessary to successfully wind-down the Agency.
Pursuant to HSC section 34186, successor agencies are required to report differences between actual payments and past estimated obligations (prior period adjustments) for the July 1, 2018 through June 30, 2019 (ROPS 18-19) period. The ROPS 18-19 prior period adjustment (PPA) will offset the ROPS 21-22 Redevelopment Property Tax Trust Fund (RPTTF) distribution. The amount of RPTTF authorized includes the PPA resulting from the County Auditor-Controller’s review of the PPA form submitted by the Agency.
The Agency’s maximum approved RPTTF distribution for the reporting period is $3,622,608, as summarized in the Approved RPTTF Distribution table (see Attachment).
RPTTF distributions occur biannually, one distribution for the July 1, 2021 through December 31, 2021 period (ROPS A period), and one distribution for the January 1, 2022 through June 30, 2022 period (ROPS B period), based on Finance's approved amounts. Since this determination is for the entire ROPS 21-22 period, the Agency is authorized to receive up to the maximum approved RPTTF through the combined ROPS A and B period distributions.
City of Thousand Oaks 27
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Michelle Yamaguchi, Chief Deputy Director, Ventura County
Jaime BoscarinoMarch 30, 2021Page 2
If the Agency disagrees with our determination with respect to any items on the ROPS 21-22, except items which are the subject of litigation disputing our previous or related determinations, the Agency may request a Meet and Confer within five business days from the date of this letter. The Meet and Confer process and guidelines are available on our website:
http://dof.ca.gov/Programs/Redevelopment/Meet_And_Confer/
The Agency must use the RAD App to complete and submit its Meet and Confer request form.
Absent a Meet and Confer, this is our final determination regarding the obligations listed on the ROPS 21-22. This determination only applies to items when funding was requested for the 12-month period. If a determination by Finance in a previous ROPS is currently the subject of litigation, the item will continue to reflect the determination until the matter is resolved.
The ROPS 21-22 form submitted by the Agency and this determination letter will be posted on our website:
http://dof.ca.gov/Programs/Redevelopment/ROPS/
This determination is effective for the ROPS 21-22 period only and should not be conclusively relied upon for future ROPS periods. All items listed on a future ROPS are subject to Finance's review and may be adjusted even if not adjusted on this ROPS or a preceding ROPS. The only exception is for items that have received a Final and Conclusive determination from Finance pursuant to HSC section 34177.5 (i). Finance’s review of Final and Conclusive items is limited to confirming the scheduled payments as required by the obligation.
The amount available from the RPTTF is the same as the amount of property tax increment available prior to the enactment of the redevelopment dissolution law. Therefore, as a practical matter, the ability to fund the items on the ROPS with property tax increment is limited to the amount of funding available to the Agency in the RPTTF.
Please direct inquiries to Todd Vermillion, Supervisor, or Jeremy Bunting, Staff, at (916) 322-2985.
Sincerely,
JENNIFER WHITAKER Program Budget Manager
cc: Jane Adelmann, Debt and Investment Analyst, City of Thousand Oaks
Original signed by Cheryl L. McCormick for:
City of Thousand Oaks 28
Attachment
Approved RPTTF Distribution July 2021 through June 2022
ROPS A ROPS B Total
RPTTF Requested $ 3,414,735 $ 122,694 $ 3,537,429
Administrative RPTTF Requested 42,131 59,000 101,131
Total RPTTF Requested 3,456,866 181,694 3,638,560
RPTTF Authorized 3,414,735 122,694 3,537,429
Administrative RPTTF Authorized 42,131 59,000 101,131
ROPS 18-19 prior period adjustment (PPA) (15,952) 0 (15,952)
Total RPTTF Approved for Distribution $ 3,440,914 $ 181,694 $ 3,622,608
Jaime Boscarino March 30, 2021 Page 3
City of Thousand Oaks 29
