EXHIBIT B
HESPERIA SUCCESSOR AGENCY
ADMINISTRATIVE BUDGET FY 2023-24
FOR JULY 1, 2023 to JUNE 30, 2024
Expense Category
Responsibilities
FY 2023-24 Proposed Budget
1. AGENCY STAFF
Finance
Process payment of enforceable obligations
Maintain documentation of Agency records
Coordinate with consultant to answer questions and provide documentation as requested by Oversight Board, County Auditor-Controller, and Department of Finance $34,948
City Manager
Provide direction to other staff and consultants as needed $11,098
Other
Administration and implementation of Agency wind-down
$18,589
AGENCY STAFF TOTAL
$64,635
2. PROFESSIONAL SERVICES
Administrative services (RSG)
Prepare ROPS, PPA, staff reports, and resolutions
Assist with administration of the Owner Participation Agreement (“OPA”) and other reporting Coordinate with and answer questions for Oversight Board, County Auditor-Controller, and Department of Finance Attend Oversight Board meeting
Monitor and project cash flow to ensure sufficient revenues for obligations and to inform Agency staff of expected revenues $20,000
Legal
Provide general legal services as needed
Review staff reports and resolutions
$19,700
Audit Costs
Prepare Successor Agency portion of audited financial statements $6,180
Disclosure/Dissemination Agent Services – 2018 TARBS Series A&B Annual continuing disclosure and dissemination agent reporting fees $1,500
Property Disposition
LRPMP property disposition expenses such as appraisals and staff time related to property disposition $9,985
PROFESSIONAL SERVICES TOTAL
$57,365
TOTAL BUDGET
$122,000
Attachment 3