Item 11
December 28, 2022
REPORT/RECOMMENDATION TO THE SAN BERNARDINO COUNTYWIDE
OVERSIGHT BOARD AND RECORD OF ACTION
January 12, 2023
FROM
KATHERINE STEVENS, Finance Director, City of Rialto
SUBJECT
..Title
Resolution Approving the Successor Agency to the Redevelopment Agency of the City of Rialto’s Recognized Obligation Payment Schedule and Administrative Budget for Fiscal Year 2023-24
..End
RECOMMENDATION(S)
..Recommendation
Adopt a Resolution No. 2023 -11 approving the Successor Agency to the Redevelopment Agency of the City of Rialto ’s Recognized Obligation Payment Schedule and administrative budget for Fiscal Year 2023-24.
(Presenter: Katherine Stevens, Finance Director, City of Rialto, (909) 421-7242) ..Body
BACKGROUND INFORMATION
California Health & Safety Code (HSC) section 34177 requires the San Bernardino Countywide Oversight Board (CWOB) to approve the 2023 -24 Recognized Obligation Payment Schedule (ROPS) and administrative budget. The ROPS is an annual form and must be submitted to the Department of Finance (DOF) and the County Auditor -Controller by February 1 of each year.
Pursuant to HSC section 34179(h)(1)(B), the administrative budget is not required to be sent to DOF.
DOF will have until April 15 to review the 2023 -24 ROPS and provide the successor agency a compliance determination. If the successor agency disagrees with the DOF determination, a “meet and confer” is allowed to facilitate a discussion between the successor agency and DOF.
In the event of a meet and confer process, DOF must make a final compliance determination on or before May 15 or 15 days prior to the June 1 Redevelopment Property Tax Trust Fund (RPTTF) distribution.
The recommended a ction will further the Successor Agency to the Redevelopment Agency of the City of Rialto
’s (Successor Agency) dissolution as an annual ROPS is required by DOF as part of the wind- down of the Successor Agency. There is a decrease requested of $120,302 from the last annual ROPS approved. This was due to a decrease in Administrative expenses.
It is recommended the CWOB approve the Successor Agency’s 2023- 24 ROPS and administrative budget. The draft 2023- 24 ROPS will be provided to DOF, the County Auditor - Controller and the County Administrative Office as required by HSC section 34177(I)(2)(B). The adopted 2023-24 ROPS will be provided to DOF and the County Auditor -Controller pursuant to HSC section 34177(o). This will commence the DOF review period.
ATTACHMENTS
Attachment A – Resolution
Attachment B – ROPS for Fiscal Year 2023-24
Attachment C – Administrative Budget for Fiscal Year 2023-24 Resolution Approving the Successor Agency to the Redevelopment Agency of the City of Rialto’s Recognized Obligation Payment Schedule and Administrative Budget for Fiscal Year 2023-24 January 12, 2023
Item 11
REVIEW BY OTHERS
This item has been reviewed by Auditor -Controller/Treasurer/Tax Collector on December 27, 2022 and San Bernardino Countywide Oversight Board Legal Counsel on December 20, 2022.
Resolution Approving the Successor Agency to the Redevelopment Agency of the City of Rialto’s Recognized Obligation Payment Schedule and Administrative Budget for Fiscal Year 2023-24 January 12, 2023
Item 11
Record of Action of the San Bernardino Countywide Oversight Board
APPROVED
Moved: Acquanetta Warren Seconded: Frederick Ang
Ayes: Frederick Ang, Richard DeNava, Kenneth Miller, Cindy Saks, Lawrence Strong, Acquanetta Warren, David Wert
Lynna Monell, SECRETARY
BY _________________________________
DATED: January 12, 2023
cc: w/Resolution
File - San Bernardino Countywide Oversight Board w/attach CCM 01/19/2023