Recognized Obligation Payment Schedule (ROPS 22-23) - Summary Filed for the July 1, 2022 through June 30, 2023 Period Successor Agency: San Marcos
County: San Diego
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
22-23A Total
(July -
December)
22-23B Total
(January -
June)
ROPS 22-23
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 1,749,316 $ 1,434,371 $ 3,183,687 B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 1,749,316 1,434,371 3,183,687
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 13,709,292 $ 11,202,475 $ 24,911,767 F RPTTF 13,611,569 11,104,753 24,716,322
G Administrative RPTTF 97,723 97,722 195,445
H Current Period Enforceable Obligations (A+E) $ 15,458,608 $ 12,636,846 $ 28,095,454 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
San Marcos
Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail July 1, 2022 through June 30, 2023
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
22-23 Total
ROPS 22-23A (Jul - Dec)
22-23A
Total
ROPS 22-23B (Jan - Jun)
22-23B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$333,694,686 $28,095,454 $- $- $1,749,316 $13,611,569 $97,723 $15,458,608 $- $- $1,434,371 $11,104,753 $97,722 $12,636,846 23 1993
Certificates of
Participation
Fees 08/01/
1993
09/02/2022 BNY Trustee Fees 1 - N $- - - - - - $- - - - - - $- 24 1993
Certificates of
Participation
Fees 08/01/
1993
09/02/2022 BNY Trustee Fees 2 - N $- - - - - - $- - - - - - $- 25 1993
Certificates of
Participation
Fees 08/01/
1993
09/02/2022 BNY Trustee Fees 3 - N $- - - - - - $- - - - - - $- 26 1994 Revenue
Bonds
Fees 03/01/
1994
09/02/2022 BNY Trustee Fees 1 198 N $198 - - - 198 - $198 - - - - - $- 27 1994 Revenue
Bonds
Fees 03/01/
1994
09/02/2022 BNY Trustee Fees 2 124 N $124 - - - 124 - $124 - - - - - $- 28 1994 Revenue
Bonds
Fees 03/01/
1994
09/02/2022 BNY Trustee Fees 3 173 N $173 - - - 173 - $173 - - - - - $- 44 ERAF Loan to
RDA from Low
Mod
SERAF/
ERAF
06/30/
2004
06/30/2014 Successor
Agency
Housing
Fund
ERAF Loan
to RDA from
Low Mod
1 - N $- - - - - - $- - - - - - $-
45 SERAF Loan
to RDA from
Low Mod
SERAF/
ERAF
06/30/
2010
06/30/2016 Successor
Agency
Housing
Fund
SERAF Loan
to RDA from
Low Mod
-Project Area
#1
1 - N $- - - - - - $- - - - - - $-
46 SERAF Loan
to RDA from
Low Mod
SERAF/
ERAF
06/30/
2010
06/30/2016 Successor
Agency
Housing
Fund
SERAF Loan
to RDA from
Low Mod
-Project Area
#2
2 - N $- - - - - - $- - - - - - $-
47 SERAF Loan
to RDA from
Low Mod
SERAF/
ERAF
06/30/
2010
06/30/2016 Successor
Agency
Housing
Fund
SERAF Loan
to RDA from
Low Mod
-Project Area
#3
3 - N $- - - - - - $- - - - - - $-
48 Agency
Administration/
Operations
Admin Costs 07/01/
2022
06/30/2023 City of San
Marcos
Successor
Agency
Administrative
Costs
All 96,445 N $96,445 - - - - 48,223 $48,223 - - - - 48,222 $48,222 49 Contract for
Attorney
Services
Admin Costs 07/01/
2022
06/30/2023 LFA & P/
Various as
needed
Legal
Consulting
Services
All 24,000 N $24,000 - - - - 12,000 $12,000 - - - - 12,000 $12,000
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
22-23 Total
ROPS 22-23A (Jul - Dec)
22-23A
Total
ROPS 22-23B (Jan - Jun)
22-23B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
50 Contract for
Consulting
Services
Admin Costs 07/01/
2022
06/30/2023 RSG,
Inc./Various
as needed
Financial
Consulting
Services
All 75,000 N $75,000 - - - - 37,500 $37,500 - - - - 37,500 $37,500 116 SERAF Loan
to RDA from
Low Mod
SERAF/
ERAF
06/30/
2010
06/30/2025 Successor
Agency
Housing
Fund
SERAF Loan
to RDA from
Low Mod -
Project
Areas
1-3
5,475,347 N $2,665,000 - - - 2,500,000 - $2,500,000 - - 165,000 - - $165,000 124 1994 Revenue
Bonds
Fees 03/01/
1994
09/02/2022 Successor
Agency
Post
Issuance
Bond
Compliance
1, 2 &
3 2,000 N $2,000 - - - 2,000 - $2,000 - - - - - $-
136 Eastgate
Apartments
Improvement/
Infrastructure
05/13/
2014
05/13/2069 Affirmed
Housing
Development
& Loan
Agreement
for the
development
of an
affordable
housing
project
Low/
Mod 1
- N $- - - - - - $- - - - - - $-
140 Tax Allocation
Refunding
Bonds, Series
2015A
Refunding
Bonds Issued
After 6/27/12
07/01/
2015
10/01/2034 Union Bank Debt Service 84,988,625 N $7,204,891 - - - 3,559,141 - $3,559,141 - - - 3,645,750 - $3,645,750 141 Taxable Tax
Allocation
Refunding
Bonds, Series
2015B
Refunding
Bonds Issued
After 6/27/12
07/01/
2015
10/01/2038 Union Bank Debt Service 150,576,474 N $10,425,768 - - - 5,129,897 - $5,129,897 - - - 5,295,871 - $5,295,871 142 2015 Series
A&B Bonds
Fees 07/01/
2015
08/01/2036 Union Bank Trustee Fees 59,492 N $3,850 - - - 3,850 - $3,850 - - - - - $- 143 2015 Series
A&B Bonds
Fees 07/01/
2015
08/01/2036 Successor
Agency
Post
Issuance
Bond
Compliance
94,500 N $2,500 - - - 2,500 - $2,500 - - - - - $-
145 Taxable Tax
Allocation
Refunding
Bonds, Series
2017
Refunding
Bonds Issued
After 6/27/12
12/01/
2017
10/01/2030 Union Bank Debt Service 38,423,450 N $4,566,498 - - - 2,403,366 - $2,403,366 - - - 2,163,132 - $2,163,132 146 Taxable Tax
Allocation
Refunding
Bonds, Series
2017
Fees 12/01/
2017
10/01/2030 Union Bank Trustee Fees 23,146 N $2,750 - - - 2,750 - $2,750 - - - - - $- 147 Taxable Tax
Allocation
Refunding
Fees 12/01/
2017
10/01/2030 Successor
Agency
Post
Issuance
Bond
22,500 N $2,500 - - - 2,500 - $2,500 - - - - - $-
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
22-23 Total
ROPS 22-23A (Jul - Dec)
22-23A
Total
ROPS 22-23B (Jan - Jun)
22-23B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bonds, Series
2017
Compliance
148 2018 School
Pass-Through
Tax Revenue
Refunding
Bonds
Refunding
Bonds Issued
After 6/27/12
10/01/
2018
10/01/2039 Union Bank Debt Service 53,743,969 N $3,018,687 - - 1,749,316 - - $1,749,316 - - 1,269,371 - - $1,269,371 149 2018 School
Pass-Through
Tax Revenue
Refunding
Bonds
Fees 10/01/
2018
10/01/2039 Union Bank Trustee Fees 44,243 N $2,570 - - - 2,570 - $2,570 - - - - - $- 150 2018 School
Pass-Through
Tax Revenue
Refunding
Bonds
Fees 10/01/
2018
10/01/2039 Successor
Agency
Post
Issuance
Bond
Compliance
45,000 N $2,500 - - - 2,500 - $2,500 - - - - - $-
San Marcos
Recognized Obligation Payment Schedule (ROPS 22-23) - Report of Cash Balances July 1, 2019 through June 30, 2020
(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 19-20 Cash Balances
(07/01/19 - 06/30/20)
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 07/01/19)
RPTTF amount should exclude "A" period distribution
amount.
39,680,562 544,194 701,888 80,973 D1: 2015 bond plus 2017 bond reserve requirement. E1: GL Cash Balance, excluding
amounts reported in other categories per the
Cash Balance Tips Sheet. F1: 2018/19
Ending Balance G1: ROPS 19/20 Dist offset
by PPA amount.
2 Revenue/Income (Actual 06/30/20)
RPTTF amount should tie to the ROPS 19-20 total
distribution from the County Auditor-Controller
43,794,075 3,744,129 24,774,708 D2: Interest and RPTTF distributions. G2:
ROPS 19-20 distributions received 6/1/2019
for 19-20A and 1/2/2020 for 19-20B.
3 Expenditures for ROPS 19-20 Enforceable Obligations
(Actual 06/30/20)
43,884,500 3,231,042 24,551,527 D3: 2015 bond and 2017 bond. 4 Retention of Available Cash Balance (Actual 06/30/20) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
38,761,240 D4: Reserve requirements per indenture and
debt service for ROPS 20-21 for 2015 bond
and 2017 bond.
5 ROPS 19-20 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 19-20 PPA
form submitted to the CAC
No entry required 304,154 PPA FY1920
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 19-20 Cash Balances
(07/01/19 - 06/30/20)
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
6 Ending Actual Available Cash Balance (06/30/20)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $828,897 $544,194 $1,214,975 $-
San Marcos
Recognized Obligation Payment Schedule (ROPS 22-23) - Notes July 1, 2022 through June 30, 2023
Item # Notes/Comments
23 24
25 26
27 28
44 45
46 47
48 49
50 116
124
136
140 Amounts per Indenture of Trust.
141 Amounts per Indenture of Trust.
142
143
145 Amounts per Indenture of Trust.
146
147
148 Amount per Bond Pledge Acknowledgement.
149
150