Consent Item 4e
STAFF REPORT
Consent Agenda Item
DATE: February 18, 2025
TO: Honorable Mayor and Council Members
FROM: Aaron Felmlee, Finance Director
THROUGH: Amy Nilsen, 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 in order 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 seventh 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:
At the conclusion of 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 are used by the State Legislature as well as the taxpayers to make comprehensive decisions.
Measure E Update:
The Measure E committee held a regularly scheduled meeting on January 15, 2025 at 5:30pm. The primary purpose of this meeting was to solicit project ideas and funding input from the public. The Consent Item 4e
committee received three public items that were brought forward at the meeting. The committee will consider these public input ideas and any others received between now and the March 18 and the April 1 Measure E regular meeting after staff have had the opportunity to put a cost estimate to the proposed projects.
The Measure E committee’s next regularly scheduled meeting is set for March 18, 2025 at 5:30pm.
The primary purpose of this meeting will be for the committee to receive funding proposals from City Departments.
List of Measure E items funded this month:
• (2) Police Detective Positions
• Police Community Services Officer Position
• Police Records Clerk Position
• Parks and Recreation Director Position
• Recreation Program Supervisor Position
• Transit Trips to Eureka for Seniors
• PT Code Compliance Officer Position
• K-9 Program
• Encampment Outreach and Cleanup Services
• Storm Drain Maintenance Projects
• Street Maintenance Projects
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 January 2025
• December 31, 2024 City Treasurer’s Report