HomeMy WebLinkAboutSA 2023-001 ResolutionRecognized Obligation Payment Schedule (ROPS 23-24) - Summary
Filed for the July 1, 2023 through June 30, 2024 Period
Successor Agency: Atascadero
County: San Luis Obispo
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
23-24A Total
(July -
December)
23-24B Total
(January -
June)
ROPS 23-24
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) $ 676,419 $ 1,192,790 $ 1,869,209
F RPTTF 648,469 1,173,400 1,821,869
G Administrative RPTTF 27,950 19,390 47,340
H Current Period Enforceable Obligations (A+E) $ 676,419 $ 1,192,790 $ 1,869,209
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
Resolution SA 2023-001
Exhibit A
Atascadero
Recognized Obligation Payment Schedule (ROPS 23-24) - ROPS Detail
July 1, 2023 through June 30, 2024
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
23-24
Total
ROPS 23-24A (Jul - Dec)
23-24A
Total
ROPS 23-24B (Jan - Jun)
23-24B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$33,219,297 $1,869,209 $- $- $- $648,469 $27,950 $676,419 $- $- $- $1,173,400 $19,390 $1,192,790
1 2010
Reimbursement/
Bond Financing
agreement with
City of
Atascadero1
Bond
Reimbursement
Agreements
09/01/
2010
10/01/2040 City of
Atascadero
(then
passed
through to
bond
holders)
Debt Service
on 2010
Bonds
Atascadero
#1
21,634,181 N $978,500 - - - 642,969 - $642,969 - - - 335,531 - $335,531
2 2010
Reimbursement/
Bond Financing
agreement with
City of
Atascadero
Fees 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
86,935 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
10,198,306 N $837,869 - - - - - $- - - - 837,869 - $837,869
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
33,675 N $3,000 - - - 3,000 - $3,000 - - - - - $-
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
06/30/2041 City of
Atascadero
Administrative
expenses for
successor
agency in
accordance
with AB1X26
through Bond
retiremement
including -
Atascadero
#1
1,241,200 N $47,340 - - - - 27,950 $27,950 - - - - 19,390 $19,390
Resolution SA 2023-001
Exhibit A
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
23-24
Total
ROPS 23-24A (Jul - Dec)
23-24A
Total
ROPS 23-24B (Jan - Jun)
23-24B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
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
04/30/2023 FEMA FEMA grant
adjustments
Atascadero
#1
- Y $- - - - - - $- - - - - - $-
125 Historic City Hall
Earthquake
Repair/Rehab
Project
Improvement/
Infrastructure
01/01/
2014
04/30/2023 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
25,000 N $- - - - - - $- - - - - - $-
Resolution SA 2023-001
Exhibit A
Atascadero
Recognized Obligation Payment Schedule (ROPS 23-24) - Report of Cash Balances
July 1, 2020 through June 30, 2021
(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 20-21 Cash Balances
(07/01/20 - 06/30/21)
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 07/01/20)
RPTTF amount should exclude "A" period distribution
amount.
873,365 930,742 78,081 147,252
2 Revenue/Income (Actual 06/30/21)
RPTTF amount should tie to the ROPS 20-21 total
distribution from the County Auditor-Controller
170 20,543 1,819,716
3 Expenditures for ROPS 20-21 Enforceable Obligations
(Actual 06/30/21)
838,263 1,865,933
4 Retention of Available Cash Balance (Actual 06/30/21)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
873,535 92,479 78,948 99,816
5 ROPS 20-21 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 20-21 PPA
form submitted to the CAC
No entry required 1,219
6 Ending Actual Available Cash Balance (06/30/21)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $19,676 $-
Resolution SA 2023-001
Exhibit A
Atascadero
Recognized Obligation Payment Schedule (ROPS 23-24) - Notes
July 1, 2023 through June 30, 2024
Item # Notes/Comments
1
2
3
5
6
7
8
10
124
125
132
Resolution SA 2023-001
Exhibit A
ADMINISTRATIVE BUDGET
FISCAL YEAR 2023-2024
FUND CODE
880 620.0000
EXPENSE
July -
December 2023
January -
June 2024
CLASSIFICATION DESCRIPTION BASIS AMOUNT AMOUNT
Staff Time: ROPS
financial management
support
Preparation and documentation of ROPS, administrative
budgets, & financial reports. Support and response to
State Controller's office, Department of Finance, and
county auditor controller's reports. Financial review of
tax distributions. General financial management and
reports.
Estimated 10,760$ 5,300$
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 6,110 3,010
Staff Time: Other Coordination with County, general accounting, review of
DOF instructions and changes in law, etc.
Estimated 11,080 11,080
27,950$ 19,390$
Resolution SA 2023-001
Exhibit B