Cities Index.
Att 1 Successor Agency Reso 2023-04

City Council/Public Financing Authority
December 19, 2023

Document
Att 1 Successor Agency Reso 2023-04
Meeting
December 19, 2023
Body
City Council/Public Financing Authority
Original file
213 KB
Text extracted from the city's file for reading and search. Open the original on huntingtonbeach.legistar1.com. That file is the official record.

Expenditure Object Account ROPS 24-25 Budget
RORF Administration (350)

PERSONNEL SERVICES
Salaries/Benefits - Permanent 250,000
PERSONNEL SERVICES 250,000
Total 250,000
Revenue Summary ROPS 24-25 Budget
Administrative Allowance 250,000
Total 250,000
Significant Changes
Pursuant to AB x126 and AB 1484, the Successor Agency receives RPTTF funding from the County Auditor- Controller to pay Enforceable Obligations. The Successor Agency also receives a 3% of actual distributed RPTTF in the preceding fiscal year, or a minimum of $250,000 for administration of the winding down of the former Redevelopment Agency per fiscal year. Administrative costs associated with the "wind down" and dissolution of the Redevelopment Agency that exceed the administrative cost allowance will be funded by Other Funds, pursuant to State rules. Administrative expenses include: personnel costs, legal, and other professional services expenses associated with the dissolution and administration of the Successor Agency.

Successor Agency
Administrative Budget
Department Budget Summary
Other Funds by Object Account

OTHER FUNDS

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