Recognized Obligation Payment Schedule (ROPS 23-24) -
Summary Filed for the July 1, 2023 through June 30, 2024 Period Successor Agency: Costa Mesa
County: Orange
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) $ - $ - $ - B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds - - -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $1,710,056 $ - $ 1,710,056 F RPTTF 1,7
10,056 - 1,710,056
G Administrative RPTTF - - -
H Current Period Enforceable
Obligations (A+E) $1,710,056 $ - $ 1,710,056
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
Attachment 2
Costa Mesa
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 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
23-24
Total
ROPS 22-23A (Jul - Dec)
23-24A
Total
ROPS 22-23B (Jan - Jun)
23-24B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$ 1,710,056 $1,710,056 $- $- $- $1,710,056 $- $1,710,056 $- $- $- $- $- $- 6 Promissory
Note
Payable
City/County
Loan (Prior 06/
28/11), Cash
exchange
09/30/
1971
06/30/2024 City of
Costa
Mesa
Original
Loan to
establish
RDA
Downtown
N $1,710,056 - - - 1,710,056 - $1,710,056 - - - - - $-
Costa Mesa
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.
23,912 Prior ROPS excess cash
2 Revenue/Income (Actual 06/30/21)
RPTTF amount should tie to the ROPS 20-21 total
distribution from the County Auditor-Controller
1,270,134 AB1484 requires 20% ($254,027) of loan
repayment ($1,270,134) to be transferred
to Low and Moderate Income Housing
Asset Fund per HSC 34191.4(s)(2)(c).
3 Expenditures for ROPS 20-21 Enforceable Obligations
(Actual 06/30/21)
Successor Agency's FY 20/21 total
expenditures and loan repayments
4 Retention of Available Cash Balance (Actual 06/30/2 1) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
5 ROPS 20-21 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 19-20 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)
$0 $- $- $0 $
1,291,045
3,001 Prior ROPS excess cash
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
Costa Mesa
Recognized Obligation Payment Schedule (ROPS 23-24) -
Notes July 1, 2023 through June 30, 2024
Item # Notes/Comments
6