Recognized Obligation Payment Schedule (ROPS 23-24) - Summary Filed for the July 1, 2023 through June 30, 2024 Period Successor Agency: San Marcos
County: San Diego
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) $ 1,752,942 $ 1,358,326 $ 3,111,268 B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 1,752,942 1,358,326 3,111,268
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 13,708,800 $ 10,963,952 $ 24,672,752 F RPTTF 13,621,422 10,876,575 24,497,997
G Administrative RPTTF 87,378 87,377 174,755
H Current Period Enforceable Obligations (A+E) $ 15,461,742 $ 12,322,278 $ 27,784,020 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 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
$306,203,457 $27,784,020 $- $- $1,752,942 $13,621,422 $87,378 $15,461,742 $- $- $1,358,326 $10,876,575 $87,377 $12,322,278 26 1994 Revenue
Bonds
Fees 03/01/
1994
09/02/2022 BNY Trustee Fees 1 - N $- - - - - - $- - - - - - $- 27 1994 Revenue
Bonds
Fees 03/01/
1994
09/02/2022 BNY Trustee Fees 2 - N $- - - - - - $- - - - - - $- 28 1994 Revenue
Bonds
Fees 03/01/
1994
09/02/2022 BNY Trustee Fees 3 - N $- - - - - - $- - - - - - $- 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 59,505 N $59,505 - - - - 29,753 $29,753 - - - - 29,752 $29,752 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 50 Contract for
Consulting
Services
Admin Costs 07/01/
2022
06/30/2023 RSG,
Inc./Various
as needed
Financial
Consulting
Services
All 91,250 N $91,250 - - - - 45,625 $45,625 - - - - 45,625 $45,625 116 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
2,975,347 N $2,592,000 - - - 2,500,000 - $2,500,000 - - 92,000 - - $92,000 124 1994 Revenue
Bonds
Fees 03/01/
1994
09/02/2022 Successor
Agency
Post
Issuance
Bond
Compliance
1, 2 &
3 - N $- - - - - - $- - - - - - $-
136 Eastgate Improvement/05/13/ 05/13/2069 Affirmed Development Low/ - N $- - - - - - $- - - - - - $-
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
Apartments Infrastructure 2014 Housing & Loan
Agreement
for the
development
of an
affordable
housing
project
Mod 1
140 Tax Allocation
Refunding
Bonds, Series
2015A
Refunding
Bonds Issued
After 6/27/12
07/01/
2015
10/01/2034 Union Bank Debt Service 77,815,000 N $7,071,375 - - - 3,645,750 - $3,645,750 - - - 3,425,625 - $3,425,625 141 Taxable Tax
Allocation
Refunding
Bonds, Series
2015B
Refunding
Bonds Issued
After 6/27/12
07/01/
2015
10/01/2038 Union Bank Debt Service 140,075,807 N $10,586,439 - - - 5,295,871 - $5,295,871 - - - 5,290,568 - $5,290,568 142 2015 Series
A&B Bonds
Fees 07/01/
2015
08/01/2036 Union Bank Trustee Fees 55,642 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
88,000 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 34,134,556 N $4,323,513 - - - 2,163,131 - $2,163,131 - - - 2,160,382 - $2,160,382 146 Taxable Tax
Allocation
Refunding
Bonds, Series
2017
Fees 12/01/
2017
10/01/2030 Union Bank Trustee Fees 20,396 N $2,750 - - - 2,750 - $2,750 - - - - - $- 147 Taxable Tax
Allocation
Refunding
Bonds, Series
2017
Fees 12/01/
2017
10/01/2030 Successor
Agency
Post
Issuance
Bond
Compliance
20,000 N $2,500 - - - 2,500 - $2,500 - - - - - $-
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 50,759,781 N $3,019,268 - - 1,752,942 - - $1,752,942 - - 1,266,326 - - $1,266,326 149 2018 School
Pass-Through
Tax Revenue
Refunding
Bonds
Fees 10/01/
2018
10/01/2039 Union Bank Trustee Fees 41,673 N $2,570 - - - 2,570 - $2,570 - - - - - $- 150 2018 School
Pass-Through
Fees 10/01/
2018
10/01/2039 Successor
Agency
Post
Issuance
42,500 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
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
Tax Revenue
Refunding
Bonds
Bond
Compliance
San Marcos
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.
39,575,434 824,525 1,214,975 24,056 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: 2019/20
Ending Balance G1: ROPS 20-21 Dist offset
by PPA amount.
2 Revenue/Income (Actual 06/30/21)
RPTTF amount should tie to the ROPS 20-21 total
distribution from the County Auditor-Controller
44,080,140 3,212,168 24,246,823 D2: Interest and RPTTF distributions. G2:
ROPS 20-21 distributions received 6/1/2020
for 20-21A and 1/4/2021 for 20-21B.
3 Expenditures for ROPS 20-21 Enforceable Obligations
(Actual 06/30/21)
43,936,464 3,232,516 23,978,503 D3: 2015 bond and 2017 bond. 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)
39,637,236 D4: Reserve requirements per indenture and
debt service for ROPS 20-21 for 2015 bond
and 2017 bond.
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 292,376 PPA FY20/21
6 Ending Actual Available Cash Balance (06/30/21) $- $81,874 $824,525 $1,194,627 $- 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
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
San Marcos
Recognized Obligation Payment Schedule (ROPS 23-24) - Notes July 1, 2023 through June 30, 2024
Item # Notes/Comments
26 27
28 44
45 46
47 48
49 50
116 Other Funding source: interest revenue earned. 23-24B amount requested is estimated interest. Per resolutions 2010-399 and 2011-418, interest rate equal to the average interest rate on the City’s investment portfolio.
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 Other Funding source: San Marcos Unified School District and amount requested per Bond Pledge Acknowledgement Agreement.
149
150