cc: Jennifer Giantvalley, Accounting Technician, City of Clayton Bob Campbell, Auditor-Controller, Contra Costa County
Katherine Korsak
April 13, 2022
This determination is effective for the ROPS 22-23 period only and should not be conclusively relied upon for future ROPS periods. All items listed on a future ROPS are subject to Finance's review and may be adjusted even if not adjusted on this ROPS or a preceding ROPS. The only exception is for items that have received a Final and Conclusive determination from Finance pursuant to HSC section 34177.5 (i). Finance’s review of Final and Conclusive items is limited to confirming the scheduled payments as required by the obligation.
The amount available from the RPTTF is the same as the amount of property tax increment available prior to the enactment of the redevelopment dissolution law.
Therefore, as a practical matter, the ability to fund the items on the ROPS with property tax increment is limited to the amount of funding available to the Agency in the RPTTF.
Please direct inquiries to Zuber Tejani, Supervisor, or Michael Barr, Staff, at (916) 322-2985.
Sincerely,
JENNIFER WHITAKER
Program Budget Manager
Attachment
Approved RPTTF Distribution
July 2022 through June 2023
ROPS A ROPS B Total
RPTTF Requested $ 358,901 $ 8,855 $ 367,756
Administrative RPTTF Requested 125,000 125,000 250,000
Total RPTTF Requested 483,901 133,855 617,756
RPTTF Authorized 358,901 8,855 367,756
Administrative RPTTF Requested 125,000 125,000 250,000
Excess Administrative Costs (0) (53,662) (53,662)
Administrative RPTTF Authorized 125,000 71,338 196,338
ROPS 19-20 prior period adjustment (PPA) (3,515) 0 (3,515) Total RPTTF Approved for Distribution $ 480,386 $ 80,193 $ 560,579 Katherine Korsak
April 13, 2022