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Home My WebLink About012517 OB SARDA AgendaIn compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the office of the City Clerk (951) 694-6444. Notification 48 hours prior to a meeting will enable the City to make reasonable arrangements to ensure accessibility to that meeting [28 CFR 35.102.35.104 ADA Title II]. MEETING NOTICE/AGENDA OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY REGULAR MEETING COUNCIL CHAMBERS 41000 MAIN STREET TEMECULA, CALIFORNIA JANUARY 25, 2017 — 6:30 PM CALL TO ORDER: Roll Call: PUBLIC COMMENTS Next in Order: Resolution: 17-01 Gary Thornhill, Chairperson Gonzalez, Kelliher, Meyer, Ordway -Peck, Thornhill, Turner, Venable A total of 15 minutes is provided so members of the public may address the Board on items that are not listed on the Agenda. Speakers are limited to three minutes each. If you desire to speak to the Board about an item not on the Agenda, a salmon colored "Request to Speak" form may be filled out and filed with the Board Secretary. When you are called to speak, please come forward and state your name for the record. For all other agenda items a "Request to Speak" form may be filed with the Board Secretary prior to the Board addressing that item. There is a three minute time limit for individual 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: 1.1 Approve the Special Meeting Action Minutes of December 19, 2016 1 BOARD BUSINESS 2 Approve Recognized Obligation Payment Schedule for the Period of July 1. 2017 Through June 30, 2018 (ROPS 17-181 RECOMMENDATION: 3.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA 17- 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, 2017 THROUGH JUNE 30, 2018 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH ADJOURNMENT Next regular meeting: Wednesday, February 8, 2017, 6:30 PM, Council Chambers, 41000 Main Street, Temecula, California. //79,47 Date Ranch Joh!, l3'aard ecretary NOTICE TO THE PUBLIC: The Agenda will be available for viewing, prior to the meeting, at the Main Reception at City Hall — 41000 Main Street, Temecula, 8:00 — 5:00 PM as well as on the City's website — www.temecu€aca.gov. Any staff report/written material pertaining to this meeting will be available, prior to the meeting, for public review at the Main Reception and at the respective meeting. Any Supplemental Material distributed to a majority of the Committee Members regarding any item on the Agenda, after the posting of the Agenda, will be available for public review at the Main Reception. In addition, such material will be made available for review at the respective meeting. If you have any questions regarding any item of business on the Agenda for this meeting, please contact City Hall — 951-694-6444. 2 ACTION MINUTES OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY SPECIAL MEETING COUNCIL CHAMBERS 41000 MAIN STREET TEMECULA, CALIFORNIA DECEMBER 19, 2016 — 6:30 PM CALL TO ORDER: Gary Thornhill, Chairperson Roll Call: ABSENT: PUBLIC COMMENTS No speakers. NOTICE TO THE PUBLIC Elam, Gonzalez, Kelliher, Meyer, Thornhill ORDWAY-PECK, TURNER Next in Order: Resolution: 16-04 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: 1.1 Approve the Special Meeting Action Minutes of November 16, 2015 (Continued from the meetings of February 1, 2016, and June 22, 2016) APPROVED BY A 3-0-2-2 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL 1.2 Approve the Regular Meeting Action Minutes of June 22, 2016 APPROVED BY A 3-0-2-2 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL BOARD BUSINESS 2 Elect 2017 Chairperson and Vice Chairperson 2.1 Entertain motions from the Board of Directors to appoint the Chairperson, effective January 1, 2017, to preside until December 31, 2017 BOARD MEMBER KELLIHER WAS NOMINATED TO SERVE AS CHAIRPERSON. APPROVED BY A 5-0-2 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL. 2.2 Entertain motions from the Board of Directors to appoint the Vice Chairperson, effective January 1, 2017, who will assume the duties of the Chairperson in the Chairperson's absence, and hold this office until December 31, 2017 BOARD MEMBER MEYER WAS NOMINATED TO SERVE AS VICE CHAIRPERSON. APPROVED BY A 5-0-2 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL. Note: Chairperson Thornhill recused himself from Agenda Item 3, and exited the Council Chambers for the remainder of the meeting. Vice -Chairperson Meyer assumed the role of Chair. 3 Approve the Disposition and Development Agreement for the Town Square Marketplace Development. APPROVED BY A 4-0-2 VOTE. RECOMMENDATION: 3.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA 16-04 A RESOLUTION OF THE OVERSIGHT TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF TEMECULA, SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY, AND TOWN SQUARE MARKETPLACE OLD TOWN, LLC CONVEYING APPROXIMATELY ONE ACRE OF PROPERTY LOCATED ON MAIN STREET WEST OF MERCEDES STREET PURSUANT TO LONG RANGE PROPERTY MANAGEMENT PLAN ADJOURNMENT Vice Chairperson Meyer adjourned the meeting at 6:47 p.m. to the next regular meeting: Wednesday, December 28, 2016, 6:30 PM, Council Chambers, 41000 Main Street, Temecula, California. ATTEST: Randi Johl, City Clerk/Secretary 2 Gary Thornhill Chairperson Aaron Adams Executive Director 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 25, 2017 SUBJECT: APPROVE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1, 2017 THROUGH JUNE 30, 2018 (ROPS 17-18) PREPARED BY: Lynn Kelly -Lehner, Principal Management Analyst for the Successor Agency to the Temecula Redevelopment Agency RECOMMENDATION: Adopt a resolution entitled: RESOLUTION NO. OB SARDA 17- 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, 2017 THROUGH JUNE 30, 2018 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH BACKGROUND: Pursuant 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 twelve months, covering the period of July 1, 2017 through June 30, 2018. The ROPS lists all of the Successor Agency's financial obligations. 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, 2017. 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, 2017 through June 30, 2018 (ROPS 17-18) RESOLUTION NO. OB SARDA 17- 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, 2017 THROUGH JUNE 30, 2018 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 (hereafter the "Temecula Redevelopment Agency"). 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 Agency ("Successor Agency"). C. Pursuant to Health and Safety Code Section 34175(b) and the California Supreme Court's decision in California Redevelopment Association, et al. v. Ana Matosantos, et al. (53 Ca1.4th 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(1), 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 (1). The draft schedule must be reviewed and certified, as to its accuracy, by an external auditor designated at the county auditor -controller's direction 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 ("DOF"), and be posted on the Successor Agency's web site. E. Accordingly, the Board desires to adopt this Resolution approving the Recognized Obligation Payment Schedule for the period of July 1, 2017 through June 30, 2018 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, 2017 through June 30, 2018 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 Successor Agency's legal counsel, may modify the ROPS as the Executive Director or the Successor Agency's legal counsel deems necessary or advisable. 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 on the Successor Agency's Internet Website (being a 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 Board of the Successor Agency to the Temecula Redevelopment Agency this 25th day of January, 2017. John Kelliher, 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 17- was duly and regularly adopted by the Board of Directors of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency at a meeting thereof held on the 25th day of January, 2017, 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, 2017 through June 30, 2018 (ROPS 17-18) Successor Agency: County: Recognized Obligation Payment Schedule (ROPS 17-18) - Summary Filed for the July 1, 2017 through June 30, 2018 Period Temecula Riverside 17-18A Total Current Period Requested Funding for Enforceable Obligations (ROPS Detail) (July - December) 17-18B Total (January - June) ROPS 17-18 Total A Enforceable Obligations Funded as Follows (B+C+D): $ 1,219,731 $ - $ 1,219,731 B Bond Proceeds - - C Reserve Balance 1,219,731 - 1,219,731 D Other Funds - E Redevelopment Property Tax Trust Fund (RPTTF) (F+G): $ 3,907,793 $ 3,951,357 $ 7,859,150 F RPTTF 3,782,793 3,826,357 7,609,150 G Administrative RPTTF 125,000 125,000 250,000 H Current Period Enforceable Obligations (A+E): $ 5,127,524 $ 3,951,357 $ 9,078,881 Certification of Oversight Board Chairman: 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. Name /s/ Title Signature Date A earn 8 Temecula Recognized Obligation Payment Schedule (ROPS 17-18) - ROPS Detail July 1, 2017 through June 30, 2018 (Report Amounts in Whole Do tars) C O6bgobon Type D ConDact/Agreement En•calien Data E F G H Prost nree - 1 J Retired K L M 17-1BA N (Ju.dy - December) 0 P_ a 17-18A Teal ,9 5,127,524,E RB 17-1813 T (January -June) U V W - 17-16B Tout 5 1851;357 8 Prapct Hama/Debi Dbkgai4n Payee_ Deseep11o01P 1a0t Scope Total Outstanding Debt at Oblgatee ROPS 17-18 Total Fund Sources Fund Sources Bend Procoe40 f - Reserve Balance $ 1.218.731 Other Funds $ _ - RPTTF $ 3,762.793 Admin RPTTF $ 125.000 Bond Proceeds - Reserve Balance - Other Funds $ - RPTTF _ $ 3,828.357,-) Admin RPTTF • 1.15X/11 Canrrac6Agmamant Tormnaton Dete -- 3 159480.168 3 _ 9,078,681, Trustee Admin Foss Fees 4/2412002 6/302016 YS Blink as Trudsu for '[cabs 5050 (v1 TAB 1/a1435194s 1-1988 16,000 _ N 9 16.000 16 000 1 16.900 5 1 2 Abbott OPA OPA/DDA/Construction 2/122002 2/122021Ai¢od VSsc0lar PropMy Too 5oonburempre ,No. No. 1-1986 650,000 750,000 N N 3 120.000 $ - 120,000 $ 120,000 8 - - _ 5 - 3 Abbott OPA OPA/DDA/Construction 2/122002 2/1212021 Abball Vascular Relmburao0ent for Oovelap none Improvements 10.1-1988 4 SERAF Payment Raanburement SERAF/ERAF 51102011 5/10/2016 Low4dod Housing Fund Loan el Low Mol m Redone. Fuad kr SERAF No 1-1988 5,250,954 N 3- 8 $ 5 Temecula Gardens L P Loan Agreement OPAJDDAIConstrucbon 7/1/1998 7/1/2027 Temecula Gardona L.P. Loan. Tar ABordoble Housing No. 1-1888 3,355,000 N S 305,000 305,000 5 305,000 5 - 6 2002 TAB FY 2012/13 Debt Service Nal Bonds Issued On or Before 12/31/10 4242002 7/28/2032 US Bank as Trustee for Bondholders Bends Issues to Fund Redavelopmona Aelivr'Bea No 1-1988 35,510,687 14 5 3,018,473 1,219 731 564,731 3 1,784,462 1,234,011 S 1.214011 7 2006 TAB Series A FY 2012113 Debt Service las); Bonds Issued On or Serum 12131/10 12/12006 7/30/2036 US 8s01/ as Truarae for Bondholders Bend, /awes to Fund Redevelopmont ActivBYra No. 1-1988 25,514,277 N 3 1,045,338 368,519 3 366,519 676,819 S 578.515 6 2006 TAB Senes B FY 2012/13 Debt Service Bands [mind On or Before 12/31/10 12/12006 7/30/2036 U6 Bank as Trustee for Bondholders Bonds Issues to Fund Redevelopment ActFn8ee No. 1-1986 4,389,420 N 3 196,818 135,114 S 135,114 63,504 3 03.504 8 2007 TAB FY 201223 Debt Service Bonds Issued On or Before 12/31/10 10/172007 7/302037 1,15 Rank as Trustee for Bondholders Bonds Issues to Fund Redevelopment Activities No. 1-1888 24.023,438 N 9 1,085,433 719,532 5 719,532 365,901 S 355.901 10 2010 Housing TAB Series A 8 B FY 2012/13 Debt Service (sal Bonds Issued On or Before 12141/10 2/24/2010 7/312040 US Bunk as Trustee for Bondholders Bands Issues to Fund Affordable Housing. No. 1-19813 25,737.330 N 5 1,243,259 776,216 5 776,218 467,041 5 467,041 11 2011 Housing TAB Fiscal Year 2012/13 Debt Service (ea) Bonds Issued After 12/31/10 3/12011 7(312041 US Bankes Trustee for Bondholders Bonds !muss 10 Fund Affordable Housing No. 1-1986 33,007,405 N 3 1,309,358 777,679 $ 777,876 531,679 3 531978 1.1 Promenade Parkins Garage OPA OPWDDAICanauuction 7242007 713513Q15 Forrest City Loan for Public Par0rp Garage No, 1-1-688 20,000 N $ - 0 - 5 - 20 Agency Administration Admin Costs 7/1/2012 6/302018 Multiple Payees Agency Ste /Compensation / Agency Admin No 1-1988 250,000 14 3 250,000 125.000 3 125,000 125200 5 125900 2t 8161 skeet 01a0=Ises/./ tial. CalyaCadnr Loma Oil bl Selma 6127711 23(21iaa6 1x(3117015 i C.* le TerMCala Loan far acquP+Sa0 alp/open/ for pralicpartaia lot No 1-1988 13:•"1' t. - - - 27 LI +aru,ndM OLipatlees bands Issued Ono/ Bebe 4/3L0002 -'328/70556 U5 Bank as Tibelee der Bar.tgtdare hinds Moms as Fund Redevalapment No. 1-1988 454.781 11 _ ,- - 12[31/10 23 UnLndod O7dgatala Sonde hoed On w Begro 12/11/10 12/12006 7/]013076 7/31/2038 ,Ae5N3as US Bonk as Tnwer 1b, aorate9106Po 4.604#10 US Bank as Trustee for Bondholders Bdridateraa 5 Fund Redevokprnerd Bonds locates to Fund Rodevatoprnenl Activities No. 1-1988 No. 1-1968 186 000 10,000 H N 18.0.001 $ 10,000 3- 160 000 10,000 190.000 S 10,000 24 Unfunded Obligations Bonds Issued After 12/31/10 3/12011 25 Unfunded Obhgetlons Professional Services 3/22/2011 6(302018 Ewren mental Science Associates Jeflereon Corridor Specific Plan EIR No. 1-1988 114,070 N 5 114,070 • 3114,070 5 114.075 26 Unlunded Obligalene Prnlan[borer Services 3/222011 8/30/2018 [bland Planning 8 Design Jenelson Corridor Sperjpc Plan Na 1-1989 13,520 ry 3 13,520 8- 13,520 1 _ 13.520 27 11nlundsol Obrgsllian6 OPN[IDA)Canuc atrhon 2/122002 2/12/2021 Abbott Vascular bu Property Tax Raknnment No. 1-1968 25.556 N 8 25,066 , 3 - 25,558 9 24.E 28 Unfunded Obfgations Unfunded LiaMTi6as 4/242002 7282036 US Banka Tnutee for Bondholderq Bonds Issues to Fund Redevelopment Activities No. 1-1968 144,254 N $ 144,254 3 - 144,254 1 144,254 -- 29 Unfunded Obligations Unfunded Uebi9ties 12/112006 7/302036 US Sank so Truetoe for Bondholders Bonds Issues to Fund Redevelopment Activities No. 1-1989 - N 3 3 30 Pro10oa100o61Senses Unlunded Ual414as 3/22/2011 6/302016 Eradeenmontal Science Aesodates Jefferson Corridor Specific Plan EIR No. 1-1986 - N $- $ 5 - - 31 H f - S - . _ Al B [ C 1 D E F G H I 1 Temecula Recognized Obligation (Report Payment Schedule (ROPS 17-18) - Report of Cash Balances Amounts in Whole Dollars) 2 Pursuant to Health and Safety Code section 34177 (I), 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 Cash Balance Tips Sheet. 3 A B C D E F G H I 4 Cash Balance Information by ROPS Period Fund Sources Comments 5 Bond Proceeds Reserve Balance Other RPTTF 6 Bonds issued on or before 12/31/10 Bonds issued on or after 01/01/11 Prior ROPS period balances and DDR RPTTF balances retained Prior ROPS RPTTF i distributed as reserve for future period(s) Rent, grants, interest, etc. Non -Admin and Admin 7 ROPS 15-16B Actuals (01/01116 - 06/30/16) 8 1 Beginning Available Cash Balance (Actual 01/01/16) 7.987.054 8.581.604 (489,446) 9 _ 2 Revenue/Income (Actual 06/30/16) RPTTF amounts should tie to the ROPS 15-16B distribution from the County Auditor -Controller during January 2016 168 3.581 161,398 3,071.869 10 3 Expenditures for ROPS 15-16B Enforceable Obligations (Actual 06/30/16) 2 651.026 11 4 Retention of Available Cash Balance (Actual 06/30/16) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 1,219 731 _ 12 5 ROPS 15-16B RPTTF Balances Remaining _ 13 6 Ending Actual Available Cash Balance CtoG=(1+2-3-4),H=(1+2-3-4-5) $ 7,987,222 $ 8,585.185 5 - $ - $ 161.398 $ (1.288.334)