HomeMy WebLinkAboutSA 2021-001 ResolutionRecognized Obligation Payment Schedule (ROPS 21-22) - Summary
Filed for the July 1, 2021 through June 30, 2022 Period
Successor Agency: Atascadero
County: San Luis Obispo
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
21-22A Total
(July -
December)
21-22B Total
(January -
June)
ROPS 21-22
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ - $ - $ -
B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds - - -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 666,500 $ 1,203,320 $ 1,869,820
F RPTTF 633,340 1,186,990 1,820,330
G Administrative RPTTF 33,160 16,330 49,490
H Current Period Enforceable Obligations (A+E) $ 666,500 $ 1,203,320 $ 1,869,820
Certification of Oversight Board Chairman:
Name Title
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency. /s/
Signature Date
.
EXHIBIT A
Atascadero
Recognized Obligation Payment Schedule (ROPS 21-22) - ROPS Detail
July 1, 2021 through June 30, 2022
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
21-22
Total
ROPS 21-22A (Jul - Dec)
21-22A
Total
ROPS 21-22B (Jan - Jun)
21-22B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$37,889,840 $1,869,820 $- $- $- $633,340 $33,160 $666,500 $- $- $- $1,186,990 $16,330 $1,203,320
1 2010
Reimbursement/
Bond Financing
agreement with
City of
Atascadero1
Bonds Issued
On or Before
12/31/10
09/01/
2010
10/01/2040 City of
Atascadero
(then
passed
through to
bond
holders)
Debt Service
on 2010
Bonds
Atascadero
#1
23,600,770 N $976,020 - - - 627,710 - $627,710 - - - 348,310 - $348,310
2 2010
Reimbursement/
Bond Financing
agreement with
City of
Atascadero
Bonds Issued
On or Before
12/31/10
09/01/
2010
10/01/2040 City of
Atascadero
(then
passed
through to
BNY)
Trustee
services for
the life of the
2010 Bonds
Atascadero
#1
93,670 N $2,500 - - - 2,500 - $2,500 - - - - - $-
3 2004/2005
Redevelopment
Bonds
Bonds Issued
On or Before
12/31/10
11/01/
2004
09/01/2034 Bank of
New York
Mellon
Debt Service
on 2004/2005
Bonds
Atascadero
#1
12,527,570 N $838,680 - - - - - $- - - - 838,680 - $838,680
5 2004/2005
Redevelopment
Bonds
Bonds Issued
On or Before
12/31/10
11/01/
2004
09/01/2034 Bank of
New York
Mellon
Trustee
services for
the life of the
2004/2005
Bonds
Atascadero
#1
60,080 N $3,130 - - - 3,130 - $3,130 - - - - - $-
6 City Loan #1
entered into in
1998
City/County
Loan (Prior
06/28/11),
Cash
exchange
11/01/
1998
01/01/2099 City of
Atascadero
Loan for
Start-up costs
Atascadero
#1
- N $- - - - - - $- - - - - - $-
7 City Loan #2
entered into in
2001
City/County
Loan (Prior
06/28/11),
Cash
exchange
06/28/
2001
01/01/2099 City of
Atascadero
Revolving
Loan
Atascadero
#1
- N $- - - - - - $- - - - - - $-
8 City Loan #3
entered into in
2002
City/County
Loan (Prior
06/28/11),
Cash
exchange
06/12/
2002
01/01/2099 City of
Atascadero
Loan for
purchase of
building
housing an
adult store
Atascadero
#1
- N $- - - - - - $- - - - - - $-
10 Administration
Allowance
Admin Costs 01/01/
2014
06/30/2014 City of
Atascadero
Administrative
expenses for
successor
agency in
Atascadero
#1
1,607,750 N $49,490 - - - - 33,160 $33,160 - - - - 16,330 $16,330
.
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
21-22
Total
ROPS 21-22A (Jul - Dec)
21-22A
Total
ROPS 21-22B (Jan - Jun)
21-22B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
accordance
with AB1X26
through June
2016
including -
office
expense,
postage, legal
notices,
computer
costs, phone
costs,
operations,
professional
development,
direct staff
time, general
overhead
124 Historic City Hall
Earthquake
Repair/Rehab
Project
Improvement/
Infrastructure
01/01/
2014
01/01/2099 FEMA FEMA grant
adjustments
Atascadero
#1
- N $- - - - - - $- - - - - - $-
125 Historic City Hall
Earthquake
Repair/Rehab
Project
Improvement/
Infrastructure
01/01/
2014
01/01/2099 CalOES Cal OES
grant
adjustments
Atascadero
#1
- N $- - - - - - $- - - - - - $-
132 2010
Reimbursement/
Bond Financing
agreement with
City of
Atascadero1
Bonds Issued
On or Before
12/31/10
11/01/
2015
06/30/2017 Wildan
Financial
Arbitrage
calculation
required by
bond
covenants
- N $- - - - - - $- - - - - - $-
.
Atascadero
Recognized Obligation Payment Schedule (ROPS 21-22) - Report of Cash Balances
July 1, 2018 through June 30, 2019
(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.
A B C D E F G H
ROPS 18-19 Cash Balances
(07/01/18 - 06/30/19)
Fund Sources
Comments
Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
RPTTF and
Reserve
Balances retained
for future
period(s)
Rent, grants,
interest, etc.
Non-Admin
and Admin
1 Beginning Available Cash Balance (Actual 07/01/18)
RPTTF amount should exclude "A" period distribution
amount.
1,712,191 346,020 -
2 Revenue/Income (Actual 06/30/19)
RPTTF amount should tie to the ROPS 18-19 total
distribution from the County Auditor-Controller
31,263 4,817 14,244 1,966,164
3 Expenditures for ROPS 18-19 Enforceable Obligations
(Actual 06/30/19)
14,787 (2,640) 1,899,405 Column E = 12,451 Line 1 of ROPS + 2,336
LIne 123 of ROPS Column F = Reduction in
2004 Bond reserve
4 Retention of Available Cash Balance (Actual 06/30/19)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
1,708,333 252,706
5 ROPS 18-19 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 18-19 PPA
form submitted to the CAC
No entry required
66,759
6 Ending Actual Available Cash Balance (06/30/19)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $35,121 $83,344 $16,884 $-
.
Atascadero
Recognized Obligation Payment Schedule (ROPS 21-22) - Notes
July 1, 2021 through June 30, 2022
Item # Notes/Comments
1
2
3 The 2004 bonds require two separate reserves. One reserve is held by the fiscal agent and varies
slightly from year to year (Rsv#1). Reserve #2 (Rsv#2) is taken from the first increment of the year and
is held by the City in an amount equal to the following year□s debt service. Based on discussion with
DOF representatives, the SA is transitioning how debt service on the 2004 bonds will be reported.
Starting in 2021-2022: □ SA will not report the cash held by fiscal agent in the cash balance schedule
(24-25 ROPS) □ SA will request only the amount for Rsv#2 during the January ROPS distribution □ SA
will send the amount for Rsv#2 to the fiscal agent and have them hold it, along with Rsv#1. The SA
will report the amount sent to the fiscal agent to meet reserve requirements as an RPTTF expenditure
when the funds are sent to the fiscal agent. □ SA will not request, nor report the actual debt service,
paid by the fiscal agent as an expenditure in the Reserve Column of the ROPS/PPA
5
6
7
8
10
124
125
132
.
ADMINISTRATIVE BUDGET
FISCAL YEAR 2021-2022
FUND CODE
880 620.0000
EXPENSE
July -
December 2021
January -
June 2022
CLASSIFICATION DESCRIPTION BASIS AMOUNT AMOUNT
Staff Time: ROPS
financial management
support
Preparation and documentation of ROPS, administrative
budgets, & financial reports. Support and response to
State Controller's office, Department of Finance, and
county auditor controller's reports. Financial review of
tax distributions. General financial management and
reports.
Estimated 19,720$ 6,580$
Staff Time: PPA financial
management support
Preparation and documentation of PPA. Support and
response to State Controller's office, Department of
Finance, and county auditor controller's reports.
General financial management and reports.
Estimated 6,610 3,040
Staff Time: Other Coordination with County, general accounting, review of
DOF instructions and changes in law, etc.
Estimated 6,810 6,730
33,140$ 16,350$
EXHIBIT B