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Home My WebLink AboutOB Reso 20-2013 Recognized Obligation Payment Schedule (ROPS) 13-14B - Report of Fund Balances (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. ABCDEFGHIJK Fund Sources Bond Proceeds Reserve Balance Other RPTTF g Review balances retained for Bonds Issued Bonds Issued approved RPTTF balances Rent, on or before on or after enforceableretained for bond Grants, Fund Balance Information by ROPS Period12/31/1001/01/11obligationsreservesInterest, Etc. Non-Admin Admin TotalComments ROPS III Actuals (01/01/13 - 6/30/13) OysterPointVenturesescrowaccountapprovedbyOSBResolution132013on5/21/2013.ApprovedbyDOF 07/01/2013.($12,000,000.00)BondretirementescrowaccountapprovedbyOSBReso112013on4/16/2013.Not calledforreviewbyDOF(54,557,519.00).$4,692,940isdepositedinaBondReserveaccountwiththeBankofNewYork asof6/30/13asrequiredbythe2006bondcovenants.Thatfundbalancemaybeused,alongwiththebondretirement Beginning Available Fund Balance (Actual 01/01/13) fundsmentionedabovetocallthe2006bondsonthefirstcalldateof9/1/16.Housingbondreservesintheamountof Note that for the RPTTF, 1 + 2 should tie to columns L and Q in the $341,557retainedasrequiredbybondcovenants. 1Report of Prior Period Adjustments (PPAs) $ 7,416,029 5,034,4972,381,532 - Revenue/Income (Actual 06/30/13) Note that the RPTTF amounts should tie to the ROPS III distributions from the County Auditor- 2Controller$ 4,613,704 1,020,557- 3,450,947 142,200 Expenditures for ROPS III Enforceable Obligations (Actual 06/30/13) Note that for the RPTTF, 3 + 4 should tie to columns N 3 and S in the Report of PPAs$ 4,982,177 1,466,405- 3,413,620 102,152 OysterPointVenturesescrowaccountapprovedbyOSBResolution132013on5/21/2013.ApprovedbyDOF 07/01/2013.($12,000,000.00)BondretirementescrowaccountapprovedbyOSBReso112013on4/16/2013.Not calledforreviewbyDOF(54,557,519.00).$4,692,940isdepositedinaBondReserveaccountwiththeBankofNewYork asof6/30/13asrequiredbythe2006bondcovenants.Thatfundbalancemaybeused,alongwiththebondretirement Retention of Available Fund Balance (Actual 06/30/13) Note that fundsmentionedabovetocallthe2006bondsonthefirstcalldateof9/1/16.Housingbondreservesintheamountof the Non-Admin RPTTF amount should only include the retention of $341,557retainedasrequiredbybondcovenants. 4 reserves for debt service approved in ROPS III $ 7,416,029 5,034,4972,381,532 - ROPS III RPTTF Prior Period Adjustment Note that the net Non- Admin and Admin RPTTF amounts should tie to columns O and T in No entry required 5the Report of PPAs. $ 46,992 1,11945,873 Cell H6 - inconsistent formula. This does not account for over expenditures of $8,456. A loan agreement was approved by 6 Ending Actual Available Fund Balance (1 + 2 - 3 - 4 - 5) Resolution 17-2013 for inclusion in ROPS 13-14B. $ --$ -$ -$ (445,848)$ 37,327$ 40,048$ (415,465)$ ROPS 13-14A Estimate (07/01/13 - 12/31/13) Beginning Available Fund Balance (Actual 07/01/13) (C, D, E, G, 7and I = 4 + 6, F = H4 + F6, and H = 5 + 6) $ -2,381,532$ -$ -$ (445,848)$ 83,200$ 41,167$ 7,047,556$ Revenue/Income (Estimate 12/31/13) Cell 7F Note that the RPTTF amounts should tie to the ROPS 13-14A ROPS13-14A approved by DOF $8,221,139. Adjustment of $2,370,337 made by DOF based on ROPS II true up.should 8 distributions from the County Auditor-Controller$ 9,521,139have had the fund balance retention of $5,034,497 as a beginning balance. 7,971,1391,300,000 250,000 Expenditures for 13-14A Enforceable Obligations 9(Estimate 12/31/13) $ 9,521,139 7,971,1391,300,000 250,000 OysterPointVenturesescrowaccountapprovedbyOSBResolution132013on5/21/2013.ApprovedbyDOF 07/01/2013.Additional$3,000,000depositedinROPS1314Aforatotalof15,000,000.00)Bondretirementescrow accountapprovedbyOSBReso112013on4/16/2013.NotcalledforreviewbyDOF(54,557,519.00).$4,692,940is depositedinaBondReserveaccountwiththeBankofNewYorkasof6/30/13asrequiredbythe2006bondcovenants. Retention of Available Fund Balance (Estimate 12/31/13) Thatfundbalancemaybeused,alongwiththebondretirementfundsmentionedabovetocallthe2006bondsonthe Note that the RPTTF amounts may include the retention of reserves firstcalldateof9/1/16.Housingbondreservesintheamountof$341,557retainedasrequiredbybondcovenants. 10 for debt service approved in ROPS 13-14A $ 7,416,029 5,034,4972,381,532 11Ending Estimated Available Fund Balance (7 + 8 - 9 -10)$ --$ -$ (5,034,497)$ (445,848)$ 83,200$ 41,167$ (368,473)$ Recognized Obligation Payment Schedule (ROPS ) 13-14B - ROPS Detail January 1, 2014 through June 30, 2014 (Report Amounts in Whole Dollars) ABCDEFGHIJKLMNOP Funding Source Non-Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/AgreementContract/Agreement Total Outstanding Bond Proceeds Reserve Balance Admin Item #Project Name / Debt ObligationObligation TypeExecution DateTermination DatePayeeDescription/Project ScopeProject AreaDebt or Obligation Retired Other FundsNon-AdminSix-Month Total $ 2,381,532210,700,300$ -$ 1,238,000$ 8,577,180$ 256,154$ 12,452,866$ Debt Serv Principal COPsBonds Issued On or 101/01/199908/30/2012Bank of New York1999 COPs Conference CenterMerged- Y $ - Before 12/31/10 Debt Serv Interest COPsBonds Issued On or 201/01/199908/30/2012Bank of New York1999 COPs Conference CenterMerged- Y $ - Before 12/31/10 Debt Serv Principal Tax Alloc BondsBonds Issued On or 301/01/200609/01/2035Bank of New York2006 Tax Alloc Bonds (TABs)Merged60,060,000 N $ - Before 12/31/10 Debt Serv Interest Tax Alloc BondsBonds Issued On or 401/01/200609/01/2035Bank of New York2006 Tax Alloc Bonds (TABs)Merged39,999,156 N 1,238,000 232,222 1,470,222$ Before 12/31/10 Debt Serv Principal HUD 108 LoansThird-Party Loans01/01/200107/20/2012Bank of New YorkHUD 108 LoansMerged-5 Y $ - Debt Serv Interest HUD 108 LoansThird-Party Loans01/01/200107/20/2012Bank of New YorkHUD 108 LoansMerged-6 Y $ - Debt Serv Principal Hsg Rev BondsRevenue Bonds 701/01/199909/01/2018Bank of New York1999 Housing Revenue BondsMerged1,290,000 N $ - Issued After 12/31/10 Debt Serv Interest Hsg Rev BondsRevenue Bonds 801/01/199909/01/2018Bank of New York1999 Housing Revenue BondsMerged200,500 N 32,25032,250$ Issued After 12/31/10 Bond Admin/Disclosure Costs 9Fees01/01/199908/30/2012Bank of New York/WilldanCosts to administer the bondsMerged- Y $ - COPs Bond Admin/Disclosure Costs TABsFees01/01/200609/01/2035Bank of New York/WilldanCosts to administer the bondsMerged22,010 N 00 5,5005,500$ Bond Admin/Disc Costs Hsg BondsFees01/01/199909/01/2018Bank of New York/WilldanCosts to administer the housing bondsMer11ged25,000 N 2,5002,500$ Oyster Point Ventures DDAOPA/DDA/Constructi1203/23/201111/11/2026Oyster Pt Ventures, LLCSection 3.4.1 of DDA-infrastr. requiredMerged11,463,230 N 3,000,000 3,000,000$ on Oyster Point Ventures DDAOPA/DDA/Constructi1303/23/201111/11/2026Various contractors/staffSecs. 4.5 closg/escrow; 5.2 environ Merged20,100,000 N $ - onindemnification; 5.3 methane monitoring Oyster Point Ventures DDAProject Management 1403/23/201111/11/2026Legal/Staff costsSoft project management costsMerged1,367,719 N 18,50018,500$ Costs Harbor District AgreementImprovement/Infrastr1503/25/201111/11/2026Harbor DistrictSecs. 6.1 imprvmts; 9 cost reimbrsmt.Merged2,000,000 N 2,000,000 2,000,000$ ucture Harbor District AgreementImprovement/Infrastr1603/25/201111/11/2026Harbor DistrictSecs. 5.0 lease rev; 7.0 temp. officeMerged1,793,248 N $ - ucture Harbor District AgreementProject Management 1703/25/201111/11/2026Legal/Staff costsSoft project management costsMerged820,785 N 18,00018,000$ Costs Miller Parking Structure (pf1012)Improvement/Infrastr1805/15/200906/08/2012Various contractors/staffFinish project and pay retentionsMerged- Y $ - ucture 418 Linden Housing Dev. (pf1027)Improvement/Infrastr1901/13/201006/29/2012Brookwood GroupContracted project workMerged- Y $ - ucture 418 Linden Housing Dev.Project Management 2001/13/201006/29/2012Legal/Staff costsSoft project management costsMerged- Y $ - Costs Train Station Imprvmnts Ph 21Remediation03/11/200912/31/2014TechAccutite/Wisley HamContracted work-site remediationMerged95,085 N 95,08595,085$ 1(pf1002) Train Station Imprvmnts Phase 1Project Management 2203/11/200912/31/2014Staff CostsSoft project management costsMerged16,759 N 16,75916,759$ Costs Train Station Imprvmnts Phase 2Remediation12/09/200912/31/2014Various contractorsSite remediation per Cal Trans Agrmt.M23erged663,000 N 150,000150,000$ Train Station Imprvmnts Phase 2Project Management 2412/09/200912/31/2014Legal/Staff costsSoft project management costsMerged152,342 N 150,000150,000$ Costs Two Housing Replacement UnitsMiscellaneous05/13/200906/30/2013Future DeveloperReplacement housing obligationMerged-25 Y $ - Two Housing Replacement UnitsMiscellaneous05/13/200906/30/2013Legal/Staff costsSoft project management costsMerged-26 Y $ - Recognized Obligation Payment Schedule (ROPS ) 13-14B - ROPS Detail January 1, 2014 through June 30, 2014 (Report Amounts in Whole Dollars) ABCDEFGHIJKLMNOP Funding Source Non-Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/AgreementContract/Agreement Total Outstanding Bond Proceeds Reserve Balance Admin Item #Project Name / Debt ObligationObligation TypeExecution DateTermination DatePayeeDescription/Project ScopeProject AreaDebt or Obligation Retired Other FundsNon-AdminSix-Month Total Shearwater/Bay West OPAProject Management 2711/21/200006/30/2013Staff CostsSoft project management costsMerged- Y $ - Costs Gateway OPAProject Management 2811/19/198106/30/2013Staff CostsSoft project management costsMerged- Y $ - Costs C.I.D. Housing AccessMiscellaneous04/13/201105/31/2012C.I.D. Housing AccessGrant to non-profitMerged-29 Y $ - Neigh. Servs. Ctr.(NPNSC) HHMiscellaneous04/13/201105/31/2012Neigh. Servs. Ctr.Grant to non-profitMerged-30 Y $ - Reblding Together-Pen.-Natl R.DayMiscellaneous04/13/201105/31/2012Rebuilding Together-Pen.Grant to non-profitMerged-31 Y $ - Reblding Together-Pen.-Safe HomeMiscellaneous04/13/201105/31/2012Rebuilding Together-Pen.Grant to non-profitMerged-32 Y $ - HIP Housing-Home Sharing ProgMiscellaneous04/13/201105/31/2012HIP HousingGrant to non-profitMerged-33 Y $ - Shelter Network-CrossroadsMiscellaneous04/13/201105/31/2012Shelter NetworkGrant to non-profitMerged-34 Y $ - Shelter Network-Maple StreetMiscellaneous04/13/201105/31/2012Shelter NetworkGrant to non-profitMerged-35 Y $ - Samaritan House-Safe HarborMiscellaneous07/01/201006/30/2011Samaritan HouseGrant to non-profit from 10-11Merged-36 Y $ - Samaritan House-Safe HarborMiscellaneous04/13/201105/31/2012Samaritan HouseGrant to non-profit from 11-12Merged-37 Y $ - Sitike Counseling CenterMiscellaneous04/13/201105/31/2012Sitike Counseling CenterGrant to non-profitMerged-38 Y $ - Mgmt. of grants in rows 38-47 39Project Management 04/13/201112/31/2012Staff costsSoft project management costsMerged- Y $ - aboveCosts Station Area/Planning LU ProgramProject Management 4002/09/201108/07/2014Staff CostsMatch funding for State grant (101102)Merged50,000 N 50,00050,000$ Costs Mid Peninsula LoanMiscellaneous11/19/200801/06/2012Union Bank (for Mid Pen)Loan for affordable housing projectMerged-41 Y $ - Buon Gusto Ristorante LoanMiscellaneous12/21/201006/30/2013Ristorante Buon GustoLoan for commercial expansion projectMe42rged- Y $ - Reserve for Existing ClaimsLitigation07/08/201108/01/2013ClaimantsReserves for costs for existing litigationMerged-43 Y $ - Local Tax Compliance/Rptg. 44Fees06/24/201112/31/2012Muni Financial ServicesContracted roll correction workMerged- Y $ - Services Maintenance of Non-Hsg PropertiesProperty 4502/01/201206/30/2014Various contractorsRehab, repair, maintenance, & utilitiesMerged3,631,776 N 80,00080,000$ Maintenance Maintenance of Non-Hsg PropertiesProperty 4602/01/201206/30/2014Legal/Staff costsSoft project management costsMerged1,396,807 N 80,00080,000$ Maintenance Administration CostsAdmin Costs02/01/201206/30/2014Various contractors/miscCosts to administer Successor AgencyMerged1,47 N 400,000 56,15456,154$ Administration CostsAdmin Costs02/01/201206/30/2014Legal/Staff costsCosts to administer Successor AgencyMerged1,400,00048 N 200,000200,000$ Property Disposition CostsProperty Dispositions02/01/201206/30/2014Various contractorsInitial envir. testing, noticing,49 listing Merged3,000,000 N 1,537,500 1,537,500$ costs Property Disposition CostsProperty Dispositions02/01/201206/30/2014Legal/Staff costsSoft project management costsMerged50 N 514,378 275,000275,000$ Accrued PERS Pension ObligationsUnfunded Liabilities01/01/198006/30/2016CalPERSCosts incurred through 02/01/2012Merged851 N 44,000 168,800168,800$ Accrued Retiree Health ObligationsUnfunded Liabilities01/01/198006/30/2016CalPERS Retiree Benefit 52Costs incurred through 02/01/2012Merged988,000 N 197,600197,600$ Trust (CERBT) Redemption 1999 Housing Rev 53Bonds Issued On or 05/08/201212/31/2012Bank of New YorkEarly payoff rows 8 & 9Merged- Y $ - BondsBefore 12/31/10 Prepay HUD 108 Loans&1999 54Bonds Issued On or 05/08/201208/30/2012Bank of New YorkEarly payoff rows 2, 3, 6, & 7Merged- Y $ - COPsBefore 12/31/10 Fund Escrow Acct to call 2006 Tax 55Miscellaneous05/08/201209/01/2016Bank of New YorkFund escrow acct to call rows 4 & 5 at Merged54,557,519 N $ - Allocation Bondsfirst redemption date of 9/1/2016 LMIHF and Non Hsg Fund AuditsDissolution Audits09/10/201206/30/2013Badawi & AssociatesNew audits required by AB1484Merg56ed- Y $ - 1999 Housing Bond ProceedsBonds Issued On or 5710/23/201312/31/2014Future DeveloperTo be used on low/mod housing devMerged2,381,532 N 2,381,532 $ 2,381,532 Before 12/31/10 Recognized Obligation Payment Schedule (ROPS ) 13-14B - ROPS Detail January 1, 2014 through June 30, 2014 (Report Amounts in Whole Dollars) ABCDEFGHIJKLMNOP Funding Source Non-Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/AgreementContract/Agreement Total Outstanding Bond Proceeds Reserve Balance Admin Item #Project Name / Debt ObligationObligation TypeExecution DateTermination DatePayeeDescription/Project ScopeProject AreaDebt or Obligation Retired Other FundsNon-AdminSix-Month Total Previously unfunded Admin costs 58Admin Costs01/01/201206/30/2012Legal/Staff costs and Previously unfunded Admin costs from Merged- Y $ - from January through June 2012 various contractorsJanuary through June 2012 ROPS ROPS Audit ServicesDissolution Audits03/29/201206/30/2013Maze & AssociatesAnnual auditing requirementsMerged-59 Y $ - Loan Agreement with City of SSF-60Prior Period RPTTF 02/12/201208/01/2013City of South San FranciscoFund legal agreement payments in Merged- Y $ - legal settlement costsShortfallexcess of ROPS III estimate Loan Agreement with City of SSF-61Prior Period RPTTF 02/12/201208/01/2013City of South San FranciscoFund additional cost of TABS debt Merged- Y $ - additional debt service interestShortfallservice interest payment in excess of ROPS II estimate Loan Agreement with City of SSF- 62Prior Period RPTTF 02/12/201208/01/2013City of South San FranciscoFund additional cost of accounts Merged- Y $ - accounts payableShortfallreceivable for costs incurred during ROPS I via accounts payable, but paid during ROPS II. Loan Agreement with City of SSF- 63Prior Period RPTTF 02/13/201308/01/2013City of South San FranciscoFund costs shown on ROPS I paid Merged- Y $ - ROPS I costs incurred during ROPS Shortfallduring ROPS II. II Actuarial ConsultantMiscellaneous01/01/201306/30/2013Consultant TBDTo calculate obligations listed in rows 64Merged- Y $ - 51 and 52 Loan Agreement with City of SSF-65Prior Period RPTTF 04/16/201301/31/2014City of South San FranciscoFund additional payment to contractor Merged5,446 N 5,4465,446$ additional payment to contractorShortfallin excess of ROPS III cost estimate Loan Agreement with City of SSF-66Prior Period RPTTF 07/16/201303/03/2014City of South San FranciscoFund additional payment to lender in Merged7,624 N 7,6247,624$ additional payment to lenderShortfallexcess of ROPS I estimate that was incurred during ROPS II. Loan Agreement with City of SSF-67Prior Period RPTTF 09/17/201306/30/2014City of South San FranciscoFund costs incurred during ROPS III in Merged8,546 N 8,5468,546$ additional ROPS III costs in excess Shortfallexcess of original cost estimates of approved cost estimates Loan Agreement with City of SSF-68Prior Period RPTTF 09/17/201306/30/2014City of South San FranciscoFund costs incurred during ROPS III in Merged445,848 N 445,848445,848$ additional ROPS III costs in excess Shortfallexcess of other revenue estimates of other revenue estimates Recognized Obligation Payment Schedule (ROPS) 13-14B - Report of Prior Period Adjustments eported for the ROPS III (January 1, 2013 through June 30, 2013) Period Pursuant to Health and Safety Code (HSC) section 34186 (a) R (Report Amounts in Whole Dollars) ROPS III Successor Agency (SA) Self-reported Prior Period Adjustments (PPA):ROPS III CAC PPA: Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS III (July through December 2013) period. The amount of Redevelopment Property Tax Trust Fund To be completed by the CAC upon submittal of the ROPS 13-14B by the SA to Finance and the (RPTTF) approved for the ROPS 13-14B (January through June 2014) period will be offset by the SA’s self-reported ROPS III prior period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments self-reported by SAs are subject to audit by the county auditor-controller (CAC) and the State Controller.CAC ABCDEFGHIJKL M N O PQ R S T U VW X YZ AA AB Non-RPTTF ExpendituresRPTTF Expenditures Net CAC Non- LMIHFReserve Balance Net SA Non-Admin Admin and Admin (Includes LMIHF Due Diligence (Includes Other Funds and Assets PPA and Admin PPA Review (DDR) retained balances)Bond ProceedsDDR retained balances)Other FundsNon-AdminAdminNon-Admin CAC Admin CAC AvailableAvailable Net Difference Net Difference Difference RPTTFRPTTF Difference (Amount Used to Difference Difference (Amount Used to Net Lesser of (If M is less than N, Net Lesser of Net Lesser of Net Lesser of (ROPS III distributed(ROPS III distributed (If R is less than S, Offset ROPS 13-14B (If V is less than W, (If Y is less than Z,Offset ROPS 13-14B Authorized/the difference is Authorized / Authorized / Authorized / + all other available + all other available the difference is Requested RPTTFthe difference is the difference is Requested RPTTF Project Name / Debt Authorized Actual Authorized Actual Authorized Actual Authorized Actual Authorized as of 1/1/13)Available Actual zero) Authorized as of 1/1/13)Available Actual zero) (O + T)) Available Actual zero)Available Actual zero)(X + AA) Item #Obligation $ --$ -$ -$ -$ -$ 1,466,405$ 1,466,405$ 3,450,947$ 3,450,947$ 3,450,947$ 3,413,620$ 45,873$ 103,528$ 103,528$ 103,528$ 102,409$ 1,119$ 46,992$ -$ -$ -$ -$ -$ -$ -$ Debt Serv Principal COPs 1$ --$ -$ -$ -$ -$ -$ -$ Debt Serv Interest COPs 2$ --$ -$ -$ -$ -$ -$ -$ Debt Serv Principal Tax Alloc Bonds 3$ --$ -$ -$ -$ -$ -$ -$ Debt Serv Interest Tax Alloc Bonds 4 1,466,4051,466,405 34,717 34,717 34,717$ 34,717 -$ -$ -$ -$ -$ -$ -$ Debt Serv Principal HUD 108 Loans 5$ --$ -$ -$ -$ -$ -$ -$ Debt Serv Interest HUD 108 Loans 6$ --$ -$ -$ -$ -$ -$ -$ Debt Serv Principal Hsg Rev Bonds 7$ --$ -$ -$ -$ -$ -$ -$ Debt Serv Interest Hsg Rev Bonds 8 37,53037,530 37,530$ 37,530 -$ -$ -$ -$ -$ -$ -$ Bond Admin/Disclosure Costs COPs 9$ --$ -$ -$ -$ -$ -$ -$ Bond Admin/Disclosure Costs TABs 10 5,0005,000 5,000$ 7,625 -$ -$ -$ -$ -$ -$ -$ Bond Admin/Disc Costs Hsg Bonds 11 2,5002,500 2,500$ 4,108 -$ -$ -$ -$ -$ -$ -$ Oyster Point Ventures DDA 12 3,000,0003,000,000 3,000,000$ 3,000,000 -$ -$ -$ -$ -$ -$ -$ Oyster Point Ventures DDA 13 18,00018,000 18,000$ 7,855 10,145$ -$ -$ 10,145$ -$ -$ -$ Oyster Point Ventures DDA 14$ --$ -$ -$ -$ -$ -$ -$ Harbor District Agreement 15$ --$ -$ -$ -$ -$ -$ -$ Harbor District Agreement 16$ --$ -$ -$ -$ -$ -$ -$ Harbor District Agreement 17 18,00018,000 18,000$ 122 17,878$ -$ -$ 17,878$ -$ -$ -$ Miller Parking Structure (pf1012) 18$ --$ -$ -$ -$ -$ -$ -$ 418 Linden Housing Dev. (pf1027) 19$ --$ -$ -$ -$ -$ -$ -$ 418 Linden Housing Dev. 20$ --$ -$ -$ -$ -$ -$ -$ Train Station Imprvmnts Ph 1(pf1002) 21$ --$ -$ -$ -$ -$ -$ -$ Train Station Imprvmnts Phase 1 22$ --$ -$ -$ -$ -$ -$ -$ Train Station Imprvmnts Phase 2 23$ --$ -$ -$ -$ -$ -$ -$ Train Station Imprvmnts Phase 2 24 1,2001,200 1,200$ 1,200$ -$ -$ 1,200$ -$ -$ -$ Two Housing Replacement Units 25$ --$ -$ -$ -$ -$ -$ -$ Two Housing Replacement Units 26$ --$ -$ -$ -$ -$ -$ -$ Shearwater/Bay West OPA 27$ --$ -$ -$ -$ -$ -$ -$ Gateway OPA 28$ --$ -$ -$ -$ -$ -$ -$ C.I.D. Housing Access 29$ --$ -$ -$ -$ -$ -$ -$ Neigh. Servs. Ctr.(NPNSC) HH 30$ --$ -$ -$ -$ -$ -$ -$ Reblding Together-Pen.-Natl R.Day 31$ --$ -$ -$ -$ -$ -$ -$ Reblding Together-Pen.-Safe Home 32$ --$ -$ -$ -$ -$ -$ -$ HIP Housing-Home Sharing Prog 33$ --$ -$ -$ -$ -$ -$ -$ Shelter Network-Crossroads $ --$ -$ -$ -$ -$ -$ -$ 34 Shelter Network-Maple Street 35$ --$ -$ -$ -$ -$ -$ -$ Samaritan House-Safe Harbor 36$ --$ -$ -$ -$ -$ -$ -$ Samaritan House-Safe Harbor 37$ --$ -$ -$ -$ -$ -$ -$ Sitike Counseling Center 38$ --$ -$ -$ -$ -$ -$ -$ Mgmt. of grants in rows 38-47 above 39$ --$ -$ -$ -$ -$ -$ -$ Station Area/Planning LU Program 40 30,00030,000 30,000$ 18,588 11,412$ -$ -$ 11,412$ -$ -$ -$ Mid Peninsula Loan 41$ --$ -$ -$ -$ -$ -$ -$ Buon Gusto Ristorante Loan 42$ --$ -$ -$ -$ -$ -$ -$ Reserve for Existing Claims 43$ --$ -$ -$ -$ -$ -$ -$ Local Tax Compliance/Rptg. Services 44$ --$ -$ -$ -$ -$ -$ -$ Maintenance of Non-Hsg Properties 45 45,00045,000 45,000$ 48,343 -$ -$ -$ -$ -$ -$ -$ Maintenance of Non-Hsg Properties 46 54,00054,000 54,000$ 54,970 -$ -$ -$ -$ -$ -$ -$ Administration Costs 47$ --$ 31,058 31,058 31,058$ 31,058 -$ -$ -$ -$ -$ Administration Costs 48$ --$ 72,470 72,470 72,470$ 71,351 1,119$ 1,119$ -$ -$ -$ Property Disposition Costs 49 90,00090,000 90,000$ 85,157 4,843$ -$ -$ 4,843$ -$ -$ -$ Property Disposition Costs 50 45,00045,000 45,000$ 44,605 395$ -$ -$ 395$ -$ -$ -$ Recognized Obligation Payment Schedule (ROPS) 13-14B - Report of Prior Period Adjustments eported for the ROPS III (January 1, 2013 through June 30, 2013) Period Pursuant to Health and Safety Code (HSC) section 34186 (a) R (Report Amounts in Whole Dollars) ROPS III Successor Agency (SA) Self-reported Prior Period Adjustments (PPA):ROPS III CAC PPA: Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS III (July through December 2013) period. The amount of Redevelopment Property Tax Trust Fund To be completed by the CAC upon submittal of the ROPS 13-14B by the SA to Finance and the (RPTTF) approved for the ROPS 13-14B (January through June 2014) period will be offset by the SA’s self-reported ROPS III prior period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments self-reported by SAs are subject to audit by the county auditor-controller (CAC) and the State Controller.CAC ABCDEFGHIJKL M N O PQ R S T U VW X YZ AA AB Non-RPTTF ExpendituresRPTTF Expenditures Net CAC Non- LMIHFReserve Balance Net SA Non-Admin Admin and Admin (Includes LMIHF Due Diligence (Includes Other Funds and Assets PPA and Admin PPA Review (DDR) retained balances)Bond ProceedsDDR retained balances)Other FundsNon-AdminAdminNon-Admin CAC Admin CAC AvailableAvailable Net Difference Net Difference Difference RPTTFRPTTF Difference (Amount Used to Difference Difference (Amount Used to Net Lesser of (If M is less than N, Net Lesser of Net Lesser of Net Lesser of (ROPS III distributed(ROPS III distributed (If R is less than S, Offset ROPS 13-14B (If V is less than W, (If Y is less than Z,Offset ROPS 13-14B Authorized/the difference is Authorized / Authorized / Authorized / + all other available + all other available the difference is Requested RPTTFthe difference is the difference is Requested RPTTF Project Name / Debt Authorized Actual Authorized Actual Authorized Actual Authorized Actual Authorized as of 1/1/13)Available Actual zero) Authorized as of 1/1/13)Available Actual zero) (O + T)) Available Actual zero)Available Actual zero)(X + AA) Item #Obligation $ --$ -$ -$ -$ -$ 1,466,405$ 1,466,405$ 3,450,947$ 3,450,947$ 3,450,947$ 3,413,620$ 45,873$ 103,528$ 103,528$ 103,528$ 102,409$ 1,119$ 46,992$ -$ -$ -$ -$ -$ -$ -$ Accrued PERS Pension Obligations 51$ --$ -$ -$ -$ -$ -$ -$ Accrued Retiree Health Obligations 52$ --$ -$ -$ -$ -$ -$ -$ Redemption 1999 Housing Rev Bonds 53$ --$ -$ -$ -$ -$ -$ -$ Prepay HUD 108 Loans&1999 COPs 54$ --$ -$ -$ -$ -$ -$ -$ Fund Escrow Acct to call 2006 Tax Allocation Bonds 55 50,00050,000 50,000$ 50,000 -$ -$ -$ -$ -$ -$ -$ LMIHF and Non Hsg Fund Audits 56 20,00020,000 20,000$ 20,000 -$ -$ -$ -$ -$ -$ -$ 1999 Housing Bond Proceeds 57$ --$ -$ -$ -$ -$ -$ -$ Previously unfunded Admin costs from January through June 2012 ROPS 58$ --$ -$ -$ -$ -$ -$ -$ Audit Services 59$ --$ -$ -$ -$ -$ -$ -$ Loan Agreement with City of SSF-legal settlement costs 60$ --$ -$ -$ -$ -$ -$ -$ Loan Agreement with City of SSF-additional debt service interest 61$ --$ -$ -$ -$ -$ -$ -$ Loan Agreement with City of SSF- accounts payable 62$ --$ -$ -$ -$ -$ -$ -$ Loan Agreement with City of SSF- ROPS I costs incurred during ROPS II 63$ --$ -$ -$ -$ -$ -$ -$ Actuarial Consultant 64$ --$ -$ -$ -$ -$ -$ -$ Recognized Obligation Payment Schedule 13-14B - Notes January 1, 2014 through June 30, 2014 Item # Notes/Comments 3, 4, 10While these bonds are due no later than 9/1/35, and if not paid off until then would in fact end up paying approximately $60m in principal and $40m as shown on the ROPS, the Oversight Board is working to pay the bonds off at their earliest call date of 9/1/16 and a reserve has been built to accomplish this (see Row 55 note below). On 5/8/12 the OB approved funding an escrow account to fund this obligation. There is $15M approved for this escrow account from prior ROPS with this payment 12 increasing the escrow account to $18M. The Total Outstanding Obligation column must be populated with a dollar amount. Estimating certain obligations, such as total remaining administrative costs is 47, 48 challenging at this point. This estimate currently shows $350,000 per year for 8 more years, equally divided between the two ROPS rows. Certification of unfunded retirement and retiree health costs and adoption of payment plan per Oversight Board Resolution No. 19-2013 51, 52 On 05/08/2012 the Oversight Board approved funding an escrow account to call these bonds at the first redemption date of 9/1/16. There is currently approximately 55 $54.5 million in the escrow account. Due to expected interest earnings and the amount of the bond reserve to be applied on 9/1/16, no further contributions are anticipated. Final bond payoff on 9/1/16 is anticipated to be $58,175,509.38. The 12/18/12 DOF ROPS III determination letter says in part, "upon receiving a Finding of Completion from Finance, these items will become enforceable pursuant to 57 HSC 34191.4 (c).)" SSF received the Finding of Completion from DOF on 5/24/13. NOTES ON PRIOR PERIOD ADJUSTMENTS PAGE Other funding was used to pay a portion of this obligation. While other funding was expected to provide $1,466,405 in revenue to pay a portion of this obligation, actual 4 other revenues received were only $1,020,557. The difference of $445,848 is shown on ROPS 13-14B as a new obligation on Row 68 via a loan agreement with the City. These actual expenses exceeded the ROPS estimate and are now shown as a new obligation on ROPS 13-14B as a new obligation on Row 67 via a loan agreement 10, 11 with the City These actual expenses exceeded the ROPS estimate and are now shown as a new obligation on ROPS 13-14B as a new obligation on Row 67 via a loan agreement 45, 46 with the City