HomeMy WebLinkAboutSA Reso 03-2022 (22-1043)Recognized Obligation Payment Schedule (ROPS 23-24) - Summary
Filed for the July 1, 2023 through June 30, 2024 Period
Successor Agency: South San Francisco
County: San Mateo
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) $ 188,513 $ - $ 188,513
B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 188,513 - 188,513
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 6,168,452 $ - $ 6,168,452
F RPTTF 6,106,965 - 6,106,965
G Administrative RPTTF 61,487 - 61,487
H Current Period Enforceable Obligations (A+E) $ 6,356,965 $ - $ 6,356,965
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 23-24) - ROPS Detail
July 1, 2023 through June 30, 2024
A B C D E F G H I J K N O P Q
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
Fund Sources
Other
Funds RPTTF Admin
RPTTF
$28,266,565 $6,356,965 $188,513 $6,106,965 $61,487 $6,356,965
12 Oyster Point Ventures
DDA
OPA/DDA/
Construction
03/23/
2011
11/11/2026 Oyster Pt Ventures, LLC DDA Sections 3.2.1 Phase IC Improvements
and 3.4.1 Improvement Costs
Merged 5,802,222 N $5,802,222 - 5,802,222 - $5,802,222
13 Oyster Point Ventures
DDA
OPA/DDA/
Construction
03/23/
2011
11/11/2026 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
11/11/2026 Legal/Staff costs Soft project management costs Merged 609,486 N $304,743 - 304,743 - $304,743
16 Harbor District
Agreement
Improvement/
Infrastructure
03/25/
2011
11/11/2026 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
11/11/2026 Legal/Staff costs Soft project management costs Merged 798,341 N $- - - - $-
21 Train Station Imprvmnts
Ph 1(pf1002)
Remediation 03/11/
2009
12/31/2014 TechAccutite/Wisley Ham Contracted work-site remediation Merged - Y $- - - - $-
22 Train Station Imprvmnts
Phase 1
Project
Management
Costs
03/11/
2009
12/31/2014 Staff Costs Soft project management costs Merged - Y $- - - - $-
23 Train Station Imprvmnts
Phase 2
Remediation 12/09/
2009
12/31/2014 Various contractors Site remediation per Cal Trans Agrmt. Merged - Y $- - - - $-
24 Train Station Imprvmnts
Phase 2
Project
Management
Costs
12/09/
2009
12/31/2014 Legal/Staff costs Soft project management costs Merged - Y $- - - - $-
48 Administration Costs Admin Costs 07/01/
2022
06/30/2023 Legal/Staff costs Costs to administer Successor Agency Merged 750,000 N $250,000 188,513 - 61,487 $250,000
51 Accrued PERS Pension
Obligations
Unfunded
Liabilities
01/01/
1980
06/30/2016 CalPERS Costs incurred through 02/01/2012 Merged - Y $- - - - $-
52 Accrued Retiree Health
Obligations
Unfunded
Liabilities
01/01/
1980
06/30/2016 CalPERS Retiree Benefit
Trust (CERBT)
Costs incurred through 02/01/2012 Merged - Y $- - - - $-
South San Francisco
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.
39,658,293 7,456,018 591,869 E: Funds reserved for Oyster Point Escrow
Account ($39,125,382) + ROPS 20-21 Item
13 ($532,911). F: Other Funds reserved for
ROPS 20-21 ($3,311,924) + ROPS 21-22
($3,912,474) + ROPS 22-23 ($231,620). G:
PPA reserved for ROPS 20-21 ($591,869)
2 Revenue/Income (Actual 06/30/21)
RPTTF amount should tie to the ROPS 20-21 total
distribution from the County Auditor-Controller
59,975 188,513 401,789 E: Deposits and interest earned Oyster Point
Escrow Account ($59,975). F: Other Funds
revenues from Rents ($36,760), Interest
($80,123), Commercial Rehab Loan
($31,629), and City Advance repayment to
Successor Agency ($40,000)
3 Expenditures for ROPS 20-21 Enforceable Obligations
(Actual 06/30/21)
17,041,505 3,311,924 993,658 E: Oyster Point Escrow Account drawdowns
to make payments pursuant to DDA
($16,508,594) + Item 13 Reserve Balance
expense ($532,911). ROPS 20-21 Item 12
Reserve Balance allocation of $1,207,516
already in BNY Escrow Account. F and G:
Matches PPA.
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
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)
22,676,763 4,144,094 E: Funds reserved for Oyster Point Escrow
Account ($22,676,763) F: Other Funds
reserved for ROPS 21-22 ($3,912,474) +
ROPS 22-23 ($231,620).
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
6 Ending Actual Available Cash Balance (06/30/21)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $188,513 $- F: 20-21 Revenues applied to ROPS 23-24
Item 48
South San Francisco
Recognized Obligation Payment Schedule (ROPS 23-24) - Notes
July 1, 2023 through June 30, 2024
Item # Notes/Comments
12
13
14
16
17
21
22
23
24
48
51
52
22-23
July 2022-June 2023
Staff Requested Actual Variance Requested
Hourly Rate
(Burdened)# of Hours per month Requested Variance Comment/Explanation for Variance
City Manager Successor Agency and project administration 42,973.00$ 44,973.00$ 2,000$ 44,116$ 274.82$ 15$ 49,467$ 5,351$ Adjustments for salary/benefits and estimated hours
Director, Econ & Comm Dev Successor Agency and project administration 6,508.00$ 7,508.00$ 1,000$ 9,621$ 227.39$ 5$ 13,643$ 4,022$
Deputy Dir, Econ & Comm Dev Successor Agency and project administration 8,467.00$ 9,467.00$ 1,000$ 8,467$ 180.94$ 5$ 10,857$ 2,389$
Economic Development Coordinator Successor Agency and project administration 4,558.00$ 4,558.00$ -$ 8,267$ 137.82$ 5$ 8,269$ 2$
Management Analyst II Successor Agency and project administration 9,615.00$ 9,615.00$ -$ 9,903$ 116.74$ 5$ 7,005$ (2,899)$
Management Analyst I Successor Agency and project administration 8,876.00$ 8,876.00$ -$ 9,903$ 87.34$ 5$ 5,241$ (4,663)$
Administrative Assistant I Successor Agency and project administration 4,456.00$ 4,456.00$ -$ 4,236$ 70.82$ 5$ 4,249$ 13$
City Clerk Successor Agency meeting administration 2,842.00$ 2,842.00$ -$ 3,659$ 144.53$ 2$ 3,469$ (191)$
Deputy City Clerk Successor Agency meeting administration 2,130.00$ 2,130.00$ -$ 2,743$ 82.05$ 2$ 1,969$ (774)$
City Clerk Records Technician Successor Agency meeting administration 857.00$ 857.00$ -$ 857$ 70.23$ 2$ 1,685$ 829$
Director, Finance Successor Agency administration 23,341.00$ 25,341.00$ 2,000$ 38,902$ 223.99$ 15$ 40,318$ 1,416$
Deputy Director, Finance Successor Agency administration 6,895.00$ 8,895.00$ 2,000$ 11,721$ 175.67$ 6$ 12,648$ 927$
Senior Accountant Successor Agency administration 11,768.00$ 13,363.80$ 1,596$ 15,152$ 116.20$ 15$ 20,917$ 5,765$
Administrative Assistant II Successor Agency administration 1,714.00$ 1,714.00$ -$ 2,942$ 81.29$ 4$ 3,902$ 960$
Adjustment to Remain within Maximum Successor Agency administration (14,105.00)$ 14,105$ (490)$ (639)$ (149)$
120,895$ 144,596$ 23,701$ 170,000$ 183,000$ 13,000$
Vendor/Payee Description Requested Actual Variance Requested Requested Variance
RSG, INC.Successor Agency Consultant 25,000$ 37,318$ 12,318$ 25,000$ 25,000$ -$
Maze and Associates Auditor 4,000$ 4,000$ -$ 4,000$ 6,000$ 2,000$
Meyers Nave Legal Counsel 50,000$ 10,037$ (39,963)$ 50,000$ 30,000$ (20,000)$
BNY Mellon SSF Escrow Deposit & Trustee 2,625$ 2,625$ 2,500$ 2,500$
Willdan Financial Services Continuing Disclosure Agent/Arbitrage -$ 2,500$ 2,500$
Overhead Supplies, facilities, etc.1,000$ 157$ (843)$ 1,000$ 1,000$ -$
80,000$ 54,137$ (25,864)$ 80,000$ 67,000$ (13,000)$
200,895$ 198,732$ (2,163)$ 250,000$ 250,000$ -$
July 2023-June 2024
Sub-Total (Other Costs)
Grand Total
ADMINISTRATIVE BUDGET
SUCCESSOR AGENCY SOUTH SAN FRANCISCO
Sub-Total (Personnel Costs)
21-22
July 2021-June 2022
ROPS Period
Obligations Period
Total Outstanding Obligations ($)
Total Number of Outstanding Obligations
Please specify budget methodology (Cost Allocation, Time Study
etc) Cost Allocation
23-24