Recognized Obligation Payment Schedule (ROPS 23-24) - Summary Filed for the July 1, 2023 through June 30, 2024 Period Successor Agency: Fullerton
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) $ 6,746,897 $ 2,975,564 $ 9,722,461 F RPTTF 6,616,491 2,845,157 9,461,648
G Administrative RPTTF 130,406 130,407 260,813
H Current Period Enforceable Obligations (A+E) $ 6,746,897 $ 2,975,564 $ 9,722,461 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
Fullerton
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 23-24A (Jul - Dec)
23-24A
Total
ROPS 23-24B (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
$48,940,878 $9,722,461 $- $- $- $6,616,491 $130,406 $6,746,897 $- $- $- $2,845,157 $130,407 $2,975,564 11 Lease: Ron
Miller
Miscellaneous 08/01/
2004
08/01/2024 Ronald F
Miller Trust
Property
lease
Merged 175,533 N $162,032 - - - 81,016 - $81,016 - - - 81,016 - $81,016 23 Affordable
Housing
Project
Monitoring
Unfunded
Liabilities
01/01/
2014
06/30/2098 Various
Consultants
and City of
Fullerton
Annually
inspect and
monitor 11
affordable
housing
projects with
long term
covenants.
Merged 9,594,000 N $120,000 - - - 60,000 - $60,000 - - - 60,000 - $60,000 27 Administrative
Cost
Allowance FY
2022-23)
Admin Costs 07/01/
2018
06/30/2023 Fullerton
Successor
Agency
Administrative
expenses for
Successor
Agency
Merged 270,939 N $260,813 - - - - 130,406 $130,406 - - - - 130,407 $130,407 28 Affordable
Housing
Administration
and Reporting
Unfunded
Liabilities
01/01/
2015
06/30/2023 Various
Consultants
and City of
Fullerton
Administer 69
down
payment
assistance
laond and two
home
ownership
projects with
45 affordable
housing
agreements,
and prepare
required
annual
reports to
State and
Federal
agencies.
Merged 260,000 N $260,000 - - - 130,000 - $130,000 - - - 130,000 - $130,000 49 Bond Debt
Service Fees
Fees 07/01/
1998
06/30/2028 US Bank
and Wells
Fargo
Bond Debt
Service Fees
Merged 50,000 N $9,500 - - - - - $- - - - 9,500 - $9,500 60 2015 Tax
Allocation
Refunding
Bonds
(refunded
1998
Revenue
Bonds)
Refunding
Bonds Issued
After 6/27/12
01/28/
2015
12/31/2025 US Bank Debt service
payment on
2015 Tax
Allocation
Refunding
Bonds
Merged 3,554,500 N $1,293,625 - - - 645,875 - $645,875 - - - 647,750 - $647,750
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 23-24A (Jul - Dec)
23-24A
Total
ROPS 23-24B (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
62 Miller
Property
Purchase
Miscellaneous 07/06/
2004
08/01/2024 Ronald F
Miller
Family
Trust
Purchase of
real estate
per Purchase
and Sale
Agreement
dated 7/6/
2004
Merged - N $- - - - - - $- - - - - - $-
63 2020 Series A
& B Tax
Allocation
Refunding
Bonds
Refunding
Bonds Issued
After 6/27/12
09/01/
2020
12/31/2027 US Bank Refunding
bonds
Merged
Project
Area
35,035,906 N $7,616,491 - - - 5,699,600 - $5,699,600 - - - 1,916,891 - $1,916,891 Fullerton
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.
382,823 9,669
2 Revenue/Income (Actual 06/30/21)
RPTTF amount should tie to the ROPS 20-21 total
distribution from the County Auditor-Controller
209,386 14,425,996
3 Expenditures for ROPS 20-21 Enforceable Obligations
(Actual 06/30/21)
160,120 13,709,041
4 Retention of Available Cash Balance (Actual 06/30/21) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
50 5 ROPS 20-21 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 20-21 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)
$- $- $- $432,039 $726,624
Fullerton
Recognized Obligation Payment Schedule (ROPS 23-24) - Notes July 1, 2023 through June 30, 2024
Item # Notes/Comments
11 23
27 28
49 60
62 63