SUCCESSOR AGENCY TO THE CHINO REDEVELOMENT AGENCY
Description
Effective February 1, 2012, all redevelopment agencies (RDA) in California were dissolved and replaced with successor agencies responsible for winding down the affairs of the former agencies. Among each successor agency’s responsibilities is the disposition of its former RDA’s assets, and ensuring that all enforceable obligations of the former RDA are perfected.
On January 3, 2012, the Chino City Council elected to become the successor agency of its former redevelopment agency. The City, as successor agency, became operative on February 1, 2012. On that date, all assets, properties, contracts, and leases of the former redevelopment agency were transferred to the successor agency.
AB x1 26 requires the establishment of an Oversight Board to supervise the dissolution of each redevelopment agency, including the review and approval of all actions taken by a successor agency to implement the dissolution process. Oversight boards have fiduciary responsibilities to the holders of enforceable obligations and to the taxing entities that benefit from distributions of property tax.
Instead of the budget document, the City of Chino, acting as the Successor Agency to the former Chino Redevelopment Agency is required to prepare a Recognized Obligation Payment Schedule (ROPS) in accordance with Health & Safety Code 34177 (l) (1) (2) & (3) (added by AB 1X26). The ROPS lists all of the debts and obligations of the former Chino Redevelopment Agency, to include bond indebtedness, promissory notes, contracts, administration and operating expenses, and legally binding agreements. The schedule also lists a source of funding for each debt obligation.
Effective July 1, 2018, the Countywide Oversight Board (CWOB) must review and approve each Recognized Obligation Payment Schedule (ROPS) in accordance with Senate Bill No. 107 (SB107) and Health and Safety Code Section 34179.
ROPS schedules are available at the City of Chino website at www.cityofchino.org. 551
RDA-SUCCESSOR AGENCY - Expenditure Summary
FY 2025-26
Department Summary
$$ %
Actual Actual Budget Projection Proposed
FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2024-25
Expenditure Summary Inc/-Dec
Personnel Services 148,970 0 0 0 0 0 0.0%
Maintenance & Operations 1,485,580 1,395,201 3,351,428 3,351,428 3,343,403 -8,025 -0.2% Allocated Costs 16,374 0 0 0 0 0 0.0%
Capital and Non-Capital Projects 2,526,381 0 0 0 0 0 0.0% $4,177,305 $1,395,201 $3,351,428 $3,351,428 $3,343,403 -8,025 -0.2% Department Programs
Program 1019000: SUCCR AGENCY ADMIN COST FUND
Expenditure Summary Actual Actual Budget Projection Proposed $$ %
Inc/-Dec
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Personnel Services 148,970 0 0 0 0 0 0.0%
Maintenance & Operations 3,337 0 0 0 0 0 0.0%
Allocated Costs 16,374 0 0 0 0 0 0.0%
Capital and Non-Capital Project 18,741 0 0 0 0 0 0.0%
$187,422 $0 $0 $0 $0 0% 0.0
Program 7039015: RROF DEBT SERVICE
Expenditure Summary Actual Actual Budget Projection Proposed $$ %
Inc/-Dec
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Maintenance & Operations 7,450 7,450 8,200 8,200 6,800 -1,400 -17.1% Capital and Non-Capital Project 2,507,640 0 0 0 0 0 0.0% $2,515,090 $7,450 $8,200 $8,200 $6,800 -1,400 -%
5/13/2025
552
RDA-SUCCESSOR AGENCY - Expenditure Summary
FY 2025-26
Department Programs
Program 7049015: RDA RROF DEBT SERVICE
Expenditure Summary Actual Actual Budget Projection Proposed $$ %
Inc/-Dec
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Maintenance & Operations 1,474,793 1,387,751 3,343,228 3,343,228 3,336,603 -6,625 -0.2% $1,474,793 $1,387,751 $3,343,228 $3,343,228 $3,336,603 -6,625 -0.2% 5/13/2025
553
RDA-SUCCESSOR AGENCY
SUCCR AGENCY ADMIN COST FUND
Program: 1019000
Obj/Prj
No. Description Actual
FY 2022-23
Actual
FY 2023-24
Budget
FY 2024-25
Projected
FY 2024-25
Proposed
FY 2025-26
Personnel Services
41000 Full-Time Salaries 89,962 0 0 00
41070 Employee Svcs Allocated 59,008 0 0 00
Subtotal 148,970 0 0 0 0
Maintenance & Operations
43515 Financial Services 3,337 0 0 00
Subtotal 3,337 0 0 0 0
Allocated Services
46000 Central Services Allocated 5,405 0 0 00
46010 Insurance Allocated 6,571 0 0 00
46020 Building Allocated 4,398 0 0 00
Subtotal 16,374 0 0 0 0
Capital and Non-Capital Projects
ST163 Edison Ave Improvements 18,741 0 0 0 0
Subtotal 18,741 0 0 0 0
Total 187,422 0 0 0 0
5/13/2025 MGT ANLST
554
Proposed FY2025-26
Successor Agency to the Chino Redevelopment Agency
Program: Successor Agency Administrative Allowance Fund 1019000 After the dissolution of the Redevelopment Agency by the State of California on Feb 1, 2012, Fund 101 is used to account for expenditures related to the dissolution and winding down of the former Redevelopment Agency. The funding is provided by the ROPS approved Administrative Allowance in the amount of $ 250,000 annually, or up to 3% of the RPTTF funded recognized obligations.
Code Explanation
Code 41000: Provides for full-time salaries.
Code 41010: Provides for part-time salaries.
Code 43510: Provides for special legal services associated with the dissolution of the former Redevelopment Agency.
Code 43515: Provides for financial audit and other financial services.
Code 43650: Provides for other contractual services as needed. 555
RDA-SUCCESSOR AGENCY
RROF DEBT SERVICE
Program: 7039015
Obj/Prj
No. Description Actual
FY 2022-23
Actual
FY 2023-24
Budget
FY 2024-25
Projected
FY 2024-25
Proposed
FY 2025-26
Maintenance & Operations
43515 Financial Services 4,450 4,450 4,450 4,450 3,050
43525 Trustee Service Fees 3,000 3,000 3,750 3,750 3,750 Subtotal 7,450 7,450 8,200 8,200 6,800
Capital and Non-Capital Projects
ST163 Edison Ave Improvements 2,507,640 0 0 0 0
Subtotal 2,507,640 0 0 0 0
Total 2,515,090 7,450 8,200 8,200 6,800
5/13/2025 MGT ANLST
556
Proposed FY2025-26
Successor Agency to the Chino Redevelopment Agency
Program: Redevelopment Retirement Obligation Fund 7039015 This program is to record the Redevelopment Property Tax Trust Funds (RPTTF) received from the County Auditor Controller to pay enforceable obligations as set forth in the “Recognized Obligation Payment Schedule” (ROPS).
Most of the obligations are related to bond maintenance of Tax Allocation Bonds 2014 Series A and Tax Allocation Bonds 2019 Series A and B, such as debt service payments, annual reporting, and arbitrage rebate calculations, as well as, repayment of city loans, legal and trustee services.
Projects to be funded by RPTTF (Available Balances)
x There are no projects being funded at this time.
x The total can be amended on Amended ROPS 23-24B for the approved change orders.
The Budget will be updated with each approved ROPS.
557
RDA-SUCCESSOR AGENCY
RDA RROF DEBT SERVICE
Program: 7049015
Obj/Prj
No. Description Actual
FY 2022-23
Actual
FY 2023-24
Budget
FY 2024-25
Projected
FY 2024-25
Proposed
FY 2025-26
Maintenance & Operations
44000 Debt Service/Principal 1,890,000 1,970,000 0 0 1,890,000 44010 Debt Svc Interest 1,474,793 1,387,751 1,453,228 1,453,228 1,366,603 Subtotal 1,474,793 1,387,751 3,343,228 3,343,228 3,336,603 Total 1,474,793 1,387,751 3,343,228 3,343,228 3,336,603 5/13/2025 MGT ANLST
558
Proposed FY2025-26
Successor Agency to the Chino Redevelopment Agency
Program: Redevelopment Retirement Obligation Fund - Debt Service 7049015 This program is to record transactions performed by the bank trustee in connection with RDA Refunding TAB 2014 Series A and Refunding TAB 2019, Series A and B, such as debt service payments. The funding for this obligation comes from RPTTF in Fund 703 of from Other Funds in fund 401, as instructed by DOF for each ROPS. In addition, the fund keeps track of the unfunded obligations of the former redevelopment agency, such as promissory notes. This fund does not contain any City funds.
Code 44000: Records principal payments on the Refunding TAB 2014, Series A and Refunding TAB 2019, Series A and B. The actual principal payments are transferred to reduce Bonds Payable account at the fiscal year end.
Code 44010: Records interest payments on the Refunding TAB 2014, Series A and Refunding TAB 2019, Series A and B.
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