Consent Item 4d
STAFF REPORT
City Council Consent Item
DATE: January 16, 2023
TO: Honorable Mayor and Council Members
FROM: Aaron Felmlee, Finance Director
THROUGH: Merritt Perry, City Manager
SUBJECT: Finance Department Monthly Report
STAFF RECOMMENDATION:
Receive report as an informational item.
EXECUTIVE SUMMARY:
Recognized Obligation Payment Schedule (ROPS):
The City of Fortuna became the Successor Agency to the Former Fortuna Redevelopment Agency after the State dissolved all Redevelopment Agencies back in 2012. As such, the City, as the Successor Agency, must submit an annual Recognized Obligation Payment Schedule (ROPS) to the State Department of Finance to receive funds to pay down the Former Fortuna Redevelopment Agency’s outstanding obligations.
The ROPS is due by February 1 of each year. This will be the sixth year that staff will be required to get the ROPS approved by the Humboldt County Redevelopment Oversight Board before submitting the ROPS to the State Department of Finance. Staff have prepared all staff reports and attachments and will provide them to County Staff upon the selection of a meeting date and time by the members of the Oversight Board.
State Controller’s Office Annual Financial Transactions Reporting:
After each fiscal year each city and special district is mandated by the California Government Code to submit Financial Transaction Reports to the State Controller’s Office. These reports are due by the end of January each year. Staff are working on submitting these reports for the City of Fortuna, the Fortuna Public Financing Authority, the Rohner Recreation and Park District, and the Fortuna Specialized Service Transit System. The State posts these reports from all the Special Districts, Cities, Transit Systems and Counties online. The detailed information provided in these reports is used by the State Legislature as well as the taxpayers to make comprehensive decisions.
Measure E Update:
The Measure E committee’s next regularly scheduled meeting is set for January 17, 2024 at 5:30pm in the Council Chambers.
The primary purpose of this meeting will be to solicit project ideas and funding input from the public. This is a great place for the public to be heard on how they want their sales and use tax monies to be spent within the City of Fortuna. The City has historically received valuable input Consent Item 4d
and project ideas, which City staff would not have been aware of, from the public during these annual public solicitation meetings.
List of Measure E items funded this month:
(2) Police Detective Positions
Police Community Services Officer Position
Police Records Clerk Position
Recreation Program Supervisor Position
Police Officer Over Hire
Transit Trips to Eureka for Seniors
PT Code Compliance Officer Position
K-9 Program
Storm Drain Infrastructure Vulnerability Assessment Project Prop 1 LID 12th St Project
Police Facility Project
An activity log displaying important Finance data is attached for informational purposes.
RECOMMENDED COUNCIL ACTION:
Receive Finance Department Monthly Report. Consent Agenda vote.
ATTACHMENTS:
Finance Staff Activity Log for December 2023