HomeMy WebLinkAboutRESO 01-2024 (24-1117)Recognized Obligation Payment Schedule (ROPS 25-26) - Summary
Filed for the July 1, 2025 through June 30, 2026 Period
Successor Agency: South San Francisco
County: San Mateo
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
25-26A Total
(July -
December)
25-26B Total
(January -
June)
ROPS 25-26
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 190,157 $ - $ 190,157
B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 190,157 - 190,157
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ - $ - $ -
F RPTTF - - -
G Administrative RPTTF - - -
H Current Period Enforceable Obligations (A+E) $ 190,157 $ - $ 190,157
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
South San Francisco
Recognized Obligation Payment Schedule (ROPS 25-26) - ROPS Detail
July 1, 2025 through June 30, 2026
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
25-26
Total
ROPS 25-26A (Jul - Dec)
25-26A
Total
ROPS 25-26B (Jan - Jun)
25-26B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$21,734,857 $190,157 $- $- $190,157 $- $- $190,157 $- $- $- $- $- $-
12 Oyster Point
Ventures
DDA
OPA/DDA/
Construction
03/23/
2011
06/30/2027 Oyster Pt
Ventures,
LLC
DDA Sections
3.2.1 Phase IC
Improvements
and 3.4.1
Improvement
Costs
Merged - N $- - - - - - $- - - - - - $-
13 Oyster Point
Ventures
DDA
OPA/DDA/
Construction
03/23/
2011
06/30/2027 Various
contractors/
staff
DDA Section 5.2
Environmental
Indemnification
Merged 18,513,268 N $- - - - - - $- - - - - - $-
14 Oyster Point
Ventures
DDA
Project
Management
Costs
03/23/
2011
06/30/2027 Legal/Staff
costs
Soft project
management
costs
Merged 380,000 N $190,157 - - 190,157 - - $190,157 - - - - - $-
16 Harbor
District
Agreement
Improvement/
Infrastructure
03/25/
2011
06/30/2027 Harbor
District
Secs. 5.0 lease
rev; 7.0 temp.
office
Merged 1,793,248 N $- - - - - - $- - - - - - $-
17 Harbor
District
Agreement
Project
Management
Costs
03/25/
2011
06/30/2027 Legal/Staff
costs
Soft project
management
costs
Merged 798,341 N $- - - - - - $- - - - - - $-
48 Administration
Costs
Admin Costs 07/01/
2025
06/30/2026 Legal/Staff
costs
Costs to
administer
Successor
Agency
Merged 250,000 N $- - - - - - $- - - - - - $-
73 San Mateo
Community
College
District
Litigation
Litigation 07/01/
2022
06/30/2025 Legal costs
/ Meyers
Nave
Litigation
expenses that
are an
enforceable
obligation under
HSC
34171(d)(1)(F)(ii)
Merged - Y $- - - - - - $- - - - - - $-
South San Francisco
Recognized Obligation Payment Schedule (ROPS 25-26) - Report of Cash Balances
July 1, 2022 through June 30, 2023
(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 22-23 Cash Balances
(07/01/22 - 06/30/23)
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 07/01/22)
RPTTF amount should exclude "A" period distribution
amount.
14,724,185 2,131,861 E: Funds reserved for Oyster Point Escrow
Account ($14,724,185) F: Other Funds
reserved for ROPS 22-23 ($231,620) + ROPS
23-24 ($188,513) + 21-22 Revenue
($1,521,494) + Excess PPA 21-22 ($190,234)
2 Revenue/Income (Actual 06/30/23)
RPTTF amount should tie to the ROPS 22-23 total
distribution from the County Auditor-Controller
7,676,935 278,386 1,737,852 E: Deposits and interest earned Oyster Point
Escrow Account ($7,676,935). F: Other
Funds revenues from Interest ($59,274), Misc
($141,391), City Advance repayment to
Successor Agency ($100,000)
3 Expenditures for ROPS 22-23 Enforceable Obligations
(Actual 06/30/23)
5,637,711 231,620 1,737,852 E: Drawdowns from Oyster Point Escrow
Account F and G: Other Funds and RPTTF
expenses match PPA 22-23
4 Retention of Available Cash Balance (Actual 06/30/23)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
16,763,409 537,497 E: Funds reserved for Oyster Point Escrow
Account ($16,763,409) F: Other Funds
reserved for ROPS 23-24 ($188,513) and
ROPS 24-25 ($348,984)
5 ROPS 22-23 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 22-23 PPA
No entry required - PPA 22-23
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 22-23 Cash Balances
(07/01/22 - 06/30/23)
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
form submitted to the CAC
6 Ending Actual Available Cash Balance (06/30/23)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $1,641,130 $- F: 21-22 Revenue ($1,521,494) less Other
Funds held for ROPS 24-25 ($348,984),
22-23 Revenue ($300,665), + Excess PPA
21-22 ($190,234)
South San Francisco
Recognized Obligation Payment Schedule (ROPS 25-26) - Notes
July 1, 2025 through June 30, 2026
Item # Notes/Comments
12
13
14
16
17
48
73
24-25 25-26
July 2024-June 2025 July 2025-June 2026
Staff Description Requested Actual Variance Requested Requested Variance Comment/Explanation for Variance
City Manager Agency and project administration 49,467$ 49,431$ 36$ 36,208$ 36,208$
Director, Econ & Comm Dev Agency and project administration 13,643$ 13,633$ 10$ 28,565$ 28,565$
Deputy Dir, Econ & Comm Dev Agency and project administration 10,857$ 10,849$ 8$ -$ -$
Economic Development Coordinator Agency and project administration 8,269$ 8,263$ 6$ -$ -$
Management Analyst II Agency and project administration 7,005$ 6,999$ 5$ -$ -$
Management Analyst I Agency and project administration 5,241$ 5,237$ 4$ -$ -$
Administrative Assistant I Agency and project administration 4,249$ 4,246$ 3$ -$ -$
City Clerk Agency meeting administration 3,469$ 3,466$ 3$ 4,688$ 4,688$
Deputy City Clerk Agency meeting administration 1,969$ 1,968$ 1$ 2,320$ 2,320$
City Clerk Records Technician Agency meeting administration 1,685$ 1,684$ 1$ 1,611$ 1,611$
Director, Finance Agency administration 40,318$ 40,289$ 30$ 19,635$ 19,635$
Deputy Director, Finance Agency administration 12,648$ 12,639$ 9$ -$ -$
Senior Accountant Agency administration 20,917$ 20,901$ 15$ 7,102$ 7,102$
Administrative Assistant II Agency administration 3,902$ 3,899$ 3$ 4,550$ 4,550$
Rounding Adjustment Agency administration (639)$ (639)$ -$
183,000$ 183,504$ (504)$ 104,677$ -$ 104,677$
Vendor/Payee Description Requested Actual Variance Requested Requested Variance
RSG, Inc Successor Agency Consultant 25,000$ 20,510$ 4,490$ 25,000$ 25,000$
Maze and Associates Auditor 6,000$ 4,000$ 2,000$ 4,000$ 4,000$
Redwood Public Law Legal Counsel 30,000$ 23,501$ 6,499$ 30,000$ 30,000$
BNY Mellon SSF Escrow Deposit & Trustee 2,500$ 1,250$ 1,250$ 4,000$ 4,000$
Willdan Financial Services Continuing Disclosure Agent/Arbitrage 2,500$ -$ 2,500$ 4,000$ 4,000$
Overhead Supplies, facilities, etc.1,000$ -$ 1,000$ -$
67,000$ 49,261$ 17,739$ 67,000$ -$ 67,000$
250,000$ 232,765$ 17,235$ 171,677$ -$ 171,677$
Sub-Total (Other Costs)
Grand Total
ADMINISTRATIVE BUDGET
SOUTH SAN FRANCISCO SUCCESSOR AGENCY
Sub-Total (Personnel Costs)
23-24
July 2023-June 2024
ROPS Period
Obligations Period
Total Outstanding Obligations ($)
Total Number of Outstanding Obligations
21,734,857$
6
Please specify budget methodology (Cost Allocation, Time Study etc)
Cost Allocation
Agency is ineligible for administrative cost
allowance in 25-26 due to receiving $0 RPTTF in 24-
25