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Home My WebLink About012716 OB SARDA Agenda ACTION MINUTES OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY REGULAR MEETING COUNCIL CHAMBERS 41000 MAIN STREET TEMECULA, CALIFORNIA SEPTEMBER 23, 2015 6:30 PM Next in Order: Resolution: 15-02 CALL TO ORDER: Gary Thornhill, Chairperson Roll Call: Thornhill, Elam, Meyer, Kelliher ABSENT: Gonzalez, Ordway-Peck, Turner PUBLIC COMMENTS NO SPEAKERS. NOTICE TO THE PUBLIC All matters listed under Consent Calendar are considered to be routine and all will be enacted by one roll call vote. There will be no discussion of these items unless Members of the Oversight Board request specific items be removed from the Consent Calendar for separate action. CONSENT CALENDAR 1 Minutes RECOMMENDATION: Approve the Minutes of February 25, 2015. APPROVED BY A 3-1-3 VOTE. 1.1 APPROVED BY A 3-1-3 VOTE. 1.2 Approve the Minutes of June 24, 2015. Approve the Minutes of July 22, 2015. APPROVED BY A 3-1-3 VOTE. 1.3 1 BOARD BUSINESS 2 Approve Recognized Obligation Payment Schedule for the Period January 1, 2016 APPROVED BY A 4-0-3 VOTE through June 30, 2016 (ROPS 15-16B). RECOMMENDATION: 2.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA 15-02 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JANUARY 1, 2016 THROUGH JUNE 30, 2016 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH ADJOURNMENT Next regular meeting: Wednesday, October 14, 2015, 6:30 PM, Council Chambers, 41000 Main Street, Temecula, California. ___________________________________ Gary Thornhill Chairperson ___________________________________ Aaron Adams Executive Director ATTEST: ________________________________ Randi Johl, City Clerk/Secretary 2 ACTION MINUTES OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY REGULAR MEETING COUNCIL CHAMBERS 41000 MAIN STREET TEMECULA, CALIFORNIA NOVEMBER 16, 2015 6:30 PM Next in Order: Resolution: 15-03 CALL TO ORDER: JohnMeyer, Vice-Chairperson Roll Call: Meyer, Kelliher, Elam, Turner ABSENT: Gonzalez, Ordway-Peck, Thornhill PUBLIC COMMENTS NO SPEAKERS. NOTICE TO THE PUBLIC All matters listed under Consent Calendar are considered to be routine and all will be enacted by one roll call vote. There will be no discussion of these items unless Members of the Oversight Board request specific items be removed from the Consent Calendar for separate action. CONSENT CALENDAR 1 Minutes RECOMMENDATION: Approve the Action Minutes of September 23, 2015. ITEM WAS CONTINUED 1.1 TO THE NEXT MEETING DUE TO INSUFFICIENT QUORUM OF BOARD MEMBERS FROM THE MEETING OF SEPTEMBER 23, 2015 1 BOARD BUSINESS 2 Approve the First Amendment to Temecula Public Financing Authority Joint Exercise of Powers Agreement, to Provide for Withdrawal of Successor Agency to the Temecula APPROVED BY A 4-0-3 VOTE. Redevelopment Agency as a Member RECOMMENDATION: 2.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA 15-03 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING TEMECULA PUBLIC FINANCING AUTHORITY JOINT EXERCISE OF POWERS AGREEMENT ADJOURNMENT Next regular meeting: Wednesday, November 25, 2015, 6:30 PM, Council Chambers, 41000 Main Street, Temecula, California. ___________________________________ Gary Thornhill Chairperson ___________________________________ Aaron Adams Executive Director ATTEST: ________________________________ Randi Johl-Olson, City Clerk/Secretary 2 OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY AGENDA REPORT TO: Executive Director/Oversight Board of Directors FROM: Luke Watson, Director of Community Development for the Successor Agency to the Temecula Redevelopment Agency DATE: January 27, 2016 SUBJECT: APPROVE PROPOSED ADMINISTRATIVE BUDGETS FOR FISCAL YEAR 2015-16 FOR SUCCESSOR AGENCY TO TEMECULA REDEVELOPMENT AGENCY PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 PREPARED BY: Lynn Kelly-Lehner, Senior Management Analyst for the Successor Agency to the Temecula Redevelopment Agency RECOMMENDATION: Adopt a resolution entitled: RESOLUTION NO. OB SARDA 16- A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING PROPOSED ADMINISTRATIVE BUDGETS FOR FISCAL YEAR 2015-16 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH BACKGROUND: Pursuant to ABX1 26, the Successor Agency is required to undertake a number of actions related to winding down the affairs of the former Redevelopment Agency. For example, the Oversight Board may direct the staff of the Successor Agency to r ABX1 26 and the Successor Agency must pay for all of the costs of meetings of the Oversight Board. In addition, the Successor Agency will have a number of ongoing responsibilities, such as paying debt service on enforceable obligations of the former Redevelopment Agency and preparing an administrative budget and Recognized Obligation Payment Schedule (ROPS) for each six- month fiscal period. Each proposed administrative budget must include all of the following: (1) estimated amounts for Successor Agency administrative costs for the applicable six-month fiscal period; (2) proposed sources of payment for the administrative costs; and (3) proposals for arrangements for administrative and operations services provided by the City or other entity. ABX1 26 provides that the Successor Agency may include the cost of Oversight Board meetings in its administrative budgets, but otherwise does not specify which expenses are appropriate for including in the administrative budget. However, allowable administrative expenses likely include, among others, the value of City staff, including employee retirement and other benefits, necessary for the administration and operations of the Successor Agency; and the cost of other resources of the City necessary for the administration and operations of the Successor Agency, such as office space, supplies, equipment, utilities, and insurance. ABX1 26 provides for an Administrative Cost Allowance to annually be paid to the Successor Agency of not less than $250,000 a year. However, in the event there are insufficient funds to Administrative Cost Allowance will be used to pay for the enforceable obligations, and these funds will not be available for administrative expenses of the Successor Agency. The Administrative Cost Allowance will exclude any administrative costs that can be paid from bond proceeds or from sources other than property tax. However, the use of bond proceeds to pay administrative expenses is subject to certain limitations. The first administrative budget is for the six-month fiscal period commencing on July 1, 2015 and ending on December 31, 2015, and the second administrative budget is for the six-month fiscal period commencing on January 1, 2016 and ending on June 30, 2016. The Successor Agency is required to submit each proposed administrative budget to the Oversight Board for its approval. The Successor Agency is also required to provide administrative cost estimates from its approved administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the County Auditor-Controller for each six- month fiscal period. The attached Resolution approves the proposed administrative budgets for the two six-month fiscal periods, which are attached as Exhibits A and B to the Resolution. FISCAL IMPACT: AB X1 26 provides for the Successor Agency to receive an annual Administrative Cost Allowance of not less than $250,000. However, the allowances are subject enforceable obligations. ATTACHMENTS: Resolution approving Preliminary Administrative Budgets for July 1, 2015 through December 31, 2015 and January 1, 2016 and June 30, 2016 RESOLUTION NO. OB SARDA 16- A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING PROPOSED ADMINISTRATIVE BUDGETS PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The Board of Directors of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency does hereby find, determine and declare that: A. Pursuant to Part 1.85 of the Community Redevelopment Law Agency to the Temecula undertake a number of actions related to winding down the affairs of the former Redevelopment Agency pursuant to Health and Safety Code Section 34177(h). B. In connection with the administration and operations of the Successor Agency, the Successor Agency is and will be utilizing the staff, facilities, and other resources of the City. The City Manager of the City serves as Executive Director of the Successor Agency, the Temecula Director of Finance serves as Finance Officer of the Successor Agency, and the City Clerk serves as Secretary to the Successor Agency. Planning, Finance, Engineering, Public Works, and other City departments devote and are expected to devote substantial time with respect to the administration and operations of the Successor Agency, including gathering information relating to the representing governmental agencies, and undertaking other activities in connection with administration and operations of the Successor Agency. C. By providing and making available to the Successor Agency the staff, facilities, services, and other resources of the City, including, without limitation, consultants, legal counsel, office space, equipment, supplies, and insurance, necessary to the administration and operations of the Successor Agency, the City has advanced and will continue to advance the cost of the foregoing to the Successor Agency. The City and the Successor Agency desire to enter into an agreement to provide for an appropriate method of reimbursement of such advances by the Successor Agency to the City. D. Pursuant to Health and Safety Code Section 34171(d)(1)(F), contracts or agreements necessary for the administration or operation of the Successor Agency are enforceable obligations and pursuant to Health and Safety Code Sections 34178(a) and 34180(h), the Successor Agency may enter into agreements with the City with the approval of the oversight E. Pursuant to Health and Safety Code Section 34177(j), the Successor Agency is required to prepare a proposed administrative budget for each six-month fiscal period and submit each proposed administrative budget to the Oversight Board for its approval. Each proposed administrative budget shall include all of the following: (1) Estimated amounts for Successor Agency administrative costs for the applicable six- month fiscal period; (2) Proposed sources of payment for the costs indentified in (1); and (3) Proposals for arrangements for administrative and operations services provided by the City or another entity. F. Pursuant to Health and Safety Code Section 34177(k), the Successor Agency is required to provide administrative cost estimates, from its approved administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the County Auditor-Controller for each applicable six-month fiscal period. Section 2. This Resolution is adopted pursuant to the provisions of Part 1.85. Section 3. The Board hereby approves the administrative budget for the six- month fiscal period commencing July 1, 2015 and ending December 31, 2015 attached hereto as Exhibit A and incorporated herein by reference, and the proposed administrative budget for the six-month fiscal period commencing January 1, 2016 and ending June 30, 2016 attached hereto as Exhibit B and incorporated herein by reference. Section 4. The officers and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, and any such actions previously taken by such officers and staff are hereby ratified and confirmed. Section 5. The Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Oversight th Board Successor Agency to the Temecula Redevelopment Agency this 27 day of January, 2016. Gary Thornhill, Chairperson ATTEST: __________________________________ Randi Johl, City Clerk/Board Secretary STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Randi Johl, City Clerk/Board Secretary of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency, do hereby certify that the foregoing Resolution No. OB SARDA 16- was duly and regularly adopted by the Board of Directors of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency th at a meeting thereof held on the 27 day of January, 2016, by the following vote: AYES: BOARD MEMBERS: NOES: BOARD MEMBERS: ABSENT: BOARD MEMBERS: ABSTAIN: BOARD MEMBERS: Randi Johl City Clerk/Board Secretary Exhibit A Successor Agency to the Temecula Redevelopment Agency Administrative Budget July 1, 2015 through December 31, 2015 Exhibit B Successor Agency to the Temecula Redevelopment Agency Administrative Budget January 1, 2016 through June 30, 2016 OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY AGENDA REPORT TO: Executive Director/ Oversight Board of Directors Luke Watson, Director of Community Development for the Successor Agency to FROM: the Temecula Redevelopment Agency DATE: January 27, 2016 SUBJECT: APPROVE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1, 2016 THROUGH JUNE 30, 2017 (ROPS 16-17) PREPARED BY: Lynn Kelly-Lehner, Senior Management Analyst for the Successor Agency to the Temecula Redevelopment Agency RECOMMENDATION: Adopt a resolution entitled: RESOLUTION NO. OB SARDA 16- A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1, 2016 THROUGH JUNE 30, 2017 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH ACKGROUND: BPursuant to Health and Safety Code Section 34177(1)(2)(B), successor agencies are required to prepare in advance a Recognized Obligation Payment Schedule (ROPS) that is forward looking for six months and covering the period of July 1, 2016 through June 30, 2017. The Successor Agency is required to submit this ROPS to the State Department of Finance and the County Auditor Controller no later than February 1, 2016. Preparation of a Recognized Obligation Payment Schedule is in furtherance of allowing the Successor Agency to pay enforceable obligations of the former Redevelopment Agency. Recent legislation (SB 107) directed cities to prepare only one ROPS per year, where previously cities prepared two ROPS per budget cycle. FISCAL IMPACT: Adoption of the proposed resolution will enable the Successor Agency to fulfill its enforceable obligations. In accordance with Health and Safety Code Section 34173(e), the liability of the Successor Agency, acting pursuant to the powers granted under Part 1.85, shall be limited to the extent of, and payable solely from, the total sum of property tax revenues it receives pursuant to Part 1.85 and the value of assets transferred to it as a successor agency for a dissolved redevelopment agency. The debts, assets, liabilities, and obligations of the Successor Agency shall be solely the debts, assets, liabilities, and obligations of the Successor Agency and not of the City. ATTACHMENTS: 1. Resolution 2. Exhibit A Recognized Obligations Payment Schedule for the period of July 1, 2016 through June 30, 2017 (ROPS 16-17) RESOLUTION NO. OB SARDA 16- A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1, 2016 THROUGH JUNE 30, 2017 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The Board of Directors of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency does hereby find, determine and declare that: A. The Redevelopment Agency of the City of Temecula was a redevelopment agency in the City of Temecula, duly created pursuant to the Community Redevelopment Law, Part 1, commencing with Section 33000, of Division 24 of the California Health and Safety Code (hereaf On June 12, 1988, the Board of Supervisors of the County of Riverside adopted Ordinance No. 658 adopting and approving the "Redevelopment Plan for Riverside County Redevelopment Project No. 1988-1." On December 1, 1989, the City of Temecula was incorporated. The boundaries of the Project Area described in the Plan are entirely within the boundaries of the City of Temecula. On April 9, 1991, the City Council of the City of Temecula adopted Ordinances Nos. 91-08, 91-11, 91-14, and 91- 15 establishing the Redevelopment Agency of the City of Temecula and transferring jurisdiction over the Plan from the County to the City. Pursuant to Ordinance Nos. 91- 11 and 91-15, the City of Temecula and the Redevelopment Agency of the City of Temecula assumed jurisdiction over the Plan as of July 1, 1991. The Plan has been amended by Ordinance Nos. 94-33, 06-11 and 07-20 adopted by the City Council. The Agency duly adopted its Implementation Plan for 2010-2014 on December 8, 2009 in accordance with Health and Safety Code Section 33490. B. The City Council of the City of Temecula adopted Resolution No. 12-02 January 10, 2012, pursuant to Health and Safety Code Section 34173 and applicable law electing for the City to serve as the Successor Agency for the Temecula Redevelopment Agency upon the dissolution of the Redevelopment Agency of the City of Temecula. The City Council of the City of Temecula, Acting as the Governing Body for the Successor Agency to the Temecula Redevelopment Agency, adopted Resolution No. 12-01 on February 28, 2012 declaring the Successor Agency to the Temecula Redevelopment Agency duly constituted pursuant to law and establishing rules and regulations for the operation of the Successor Agency to the Temecula Redevelopment . C. Pursuant to Health and Safety Code Section 34175(b) and the California California Redevelopment Association, et al. v. Ana Matosantos, et al. (53 Cal.4th 231(2011)), on February 1, 2012, all assets, properties, contracts, leases, books and records, buildings, and equipment of the former Temecula Redevelopment Agency transferred to the control of the Successor Agency by operation of law. D. Health and Safety Code Section 34177(l), as modified by the California Supreme Court, provides that by March 3, 2015, the Successor Agency must prepare a Recognized Obligation Payment Schedule for the enforceable obligations of the former Redevelopment Agency, in accordance with the requirements of paragraph (l). The draft schedule must be reviewed and certified, as to its accuracy, by an external auditor designated at the county auditor-pursuant to Health and Safety Code Section 34182. The certified Recognized Obligation Payment Schedule must be submitted to and approved by the Oversight Board. Finally, after approval by the Oversight Board, a copy of the approved Recognized Obligation Payment Schedule must be submitted to the County Auditor-Controller, the State Controller and the State Department of Finance E. Accordingly, the Board desires to adopt this Resolution approving the Recognized Obligation Payment Schedule for the period of July 1, 2016 through June 30, 2017 in accordance with Part 1.85. Section 2. This Resolution is adopted pursuant to Health and Safety Code Section 34177. Section 3. The Board hereby approves the Recognized Obligation Payment Schedule for the period of July 1, 2016 through June 30, 2017 substantially in the form attached as Exhibit A to this Resolution and incorporated herein by reference (the ROPS The Executive Director of the Successor Agency, in consultation with the Section 4. The Board hereby designates the Finance Director as the official to whom the DOF may make requests for review in connection with the ROPS and who shall provide the DOF with the telephone number and e-mail contact information for the purpose of communicating with the DOF. Section 5. Staff is hereby authorized and directed to post a copy of the Oversight Board-approved ROPS page on the Internet website of the City of Temecula). Section 6. The officers and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, including submitting the Recognized Obligation Payment Schedule to the oversight board for approval and requesting additional review by the DOF and an opportunity to meet and confer on any disputed items, and any such actions previously taken by such officers are hereby ratified and confirmed. Section 7. The Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Oversight th Board of the Successor Agency to the Temecula Redevelopment Agency this 27 day of January, 2016. Gary Thornhill, Chairperson ATTEST: Randi Johl, City Clerk/Board Secretary \[SEAL\] STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Randi Johl, City Clerk/Board Secretary of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency, do hereby certify that the foregoing Resolution No. OB SARDA 16- was duly and regularly adopted by the Board of Directors of the Oversight Board of the Successor Agency to the Temecula th Redevelopment Agency at a meeting thereof held on the 27 day of January, 2016, by the following vote: AYES: BOARD MEMBERS: NOES: BOARD MEMBERS: ABSTAIN: BOARD MEMBERS: ABSENT: BOARD MEMBERS: Randi Johl City Clerk/Board Secretary EXHIBIT A Recognized Obligations Payment Schedule for the period July 1, 2016 through June 30, 2017 (ROPS 16-17) ROPS 16-17 ---- 8,916,3698,666,3698,916,369 250,000 Total $$ $ 16-17B Total ---- 4,040,6493,915,6494,040,649 125,000 $$ $ 16-17A Total ---- 4,875,7204,750,720125,0004,875,720TitleDate $$ $ Recognized Obligation Payment Schedule (ROPS 16-17) - Summary Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund (RPTTF) Funding Filed for the July 1, 2016 through June 30, 2017 Period Signature Name Current Period Requested Funding for Enforceable Obligations (ROPS Detail) /s/ Enforceable Obligations Funded with RPTTF Funding (F+G): hereby certify that the above is a true and accurate Recognized Pursuant to Section 34177 (o) of the Health and Safety code, I Obligation Payment Schedule for the above named successor Current Period Enforceable Obligations (A+E): Temecula Certification of Oversight Board Chairman: Riverside Reserve Balance Funding Non-Administrative Costs Bond Proceeds Funding Administrative Costs Other Funding Sources (B+C+D): Successor Agency: County: agency. F ABE CDH G 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 Comments I CASH BALANCE TIPS SHEET (168,311)(489,446)(489,446) 3,734,0034,055,1383,071,8692,532,82849,595 Non-Admin RPTTF Admin and $ H Temecula Recognized Obligation Payment Schedule (ROPS 16-17) - Report of Cash Balances $ $ 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 --- 164,5672,106166,673 $ $ $ interest, etc. grants, Other Rent, G --- 310,000310,000 distributed as $ $ $ Prior ROPS reserve for future period(s) RPTTF Reserve Balance F (Report Amounts in Whole Dollars) Fund Sources No entry required period balances --- $ $ $ Prior ROPS and DDR RPTTF retained balances E 8,579,7831,8218,581,604 8,581,6048,581,604 Bonds issued on or after 01/01/11 Bond Proceeds D $ $ $ 7,986,9011537,987,0547,987,0547,987,054 Bonds issued on or before 12/31/10 C $ $ $ RPTTF amount retained should only include the amounts distributed as RPTTF amount retained should only include the amounts distributed as Expenditures for ROPS 15-16B Enforceable Obligations (Estimate RPTTF amounts should tie to the ROPS 15-16A distribution from the RPTTF amounts should tie to the ROPS 15-16B distribution from the Expenditures for ROPS 15-16A Enforceable Obligations (Actual Retention of Available Cash Balance (Estimate 06/30/16) Cash Balance Information by ROPS Period Ending Estimated Available Cash Balance (7 + 8 - 9 -10) Retention of Available Cash Balance (Actual 12/31/15) Beginning Available Cash Balance (Actual 01/01/16) Beginning Available Cash Balance (Actual 07/01/15) (C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6) County Auditor-Controller during January 2016 C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) ROPS 15-16A RPTTF Balances Remaining County Auditor-Controller during June 2015 Ending Actual Available Cash Balance ROPS 15-16B Estimate (01/01/16 - 06/30/16) ROPS 15-16A Actuals (07/01/15 - 12/31/15) Revenue/Income (Estimate 06/30/16) B Revenue/Income (Actual 12/31/15) reserve for future period(s)reserve for future period(s) 12/31/15)06/30/16) 1011 123456789 A ROPS 14-15B Prior Period Adjustments. These monies should have been carried by the Agency as reserves to make These Unfunded Obligations added to the ROPS were to request monies that were "swept" by the State as part of payments for certain ROPS obligations. This has happened to our Agency in the past and Department of Finance staff has advised to simply place these items on the ROPS as Unfunded Obligations for future funding and to Temecula Recognized Obligation Payment Schedule (ROPS 16-17) - Notes July 1, 2016 through June 30, 2017 reimburse the Agency. Notes/Comments 28, 29, 30 Item #