Recognized Obligation Payment Schedule (ROPS 25-26) - Summary Filed for the July 1, 2025 through June 30, 2026 Period Successor Agency: San Marcos
County: San Diego
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
25-26A Total
(July -
December)
25-26B Total
(January -
June)
ROPS 25-26
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 1,754,391 $ 1,268,637 $ 3,023,028 B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 1,754,391 1,268,637 3,023,028
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 7,978,164 $ 11,182,908 $ 19,161,072 F RPTTF 7,834,436 11,039,181 18,873,617
G Administrative RPTTF 143,728 143,727 287,455
H Current Period Enforceable Obligations (A+E) $ 9,732,555 $ 12,451,545 $ 22,184,100 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 25-26) - ROPS Detail July 1, 2025 through June 30, 2026
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
25-26 Total
ROPS 25-26A (Jul - Dec)
25-26A
Total
ROPS 25-26B (Jan - Jun)
25-26B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$253,905,004 $22,184,100 $- $- $1,754,391 $7,834,436 $143,728 $9,732,555 $- $- $1,268,637 $11,039,181 $143,727 $12,451,545 48 Agency
Administration/
Operations
Admin
Costs
07/01/
2025
06/30/2026 City of
San
Marcos
Successor
Agency
Administrative
Costs
All 156,205 N $156,205 - - - - 78,103 $78,103 - - - - 78,102 $78,102 49 Contract for
Attorney
Services
Admin
Costs
07/01/
2025
06/30/2026 LFA & P/
Various as
needed
Legal
Consulting
Services
All 40,000 N $40,000 - - - - 20,000 $20,000 - - - - 20,000 $20,000 50 Contract for
Consulting
Services
Admin
Costs
07/01/
2025
06/30/2026 Eide
Bailly/
RAMS
Financial
Consulting
Services
All 91,250 N $91,250 - - - - 45,625 $45,625 - - - - 45,625 $45,625 140 Tax Allocation
Refunding
Bonds, Series
2015A
Refunding
Bonds
Issued
After 6/
27/12
07/01/
2015
10/01/2034 US Bank Debt Service 63,881,875 N $6,057,176 - - - 2,421,051 - $2,421,051 - - - 3,636,125 - $3,636,125 141 Taxable Tax
Allocation
Refunding
Bonds, Series
2015B
Refunding
Bonds
Issued
After 6/
27/12
07/01/
2015
10/01/2038 US Bank Debt Service 119,137,791 N $8,920,405 - - - 3,680,606 - $3,680,606 - - - 5,239,799 - $5,239,799 142 2015 Series
A&B Bonds
Fees 07/01/
2015
08/01/2036 US Bank Trustee Fees 47,942 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
75,000 N $2,000 - - - 2,000 - $2,000 - - - - - $-
145 Taxable Tax
Allocation
Refunding
Bonds, Series
2017
Refunding
Bonds
Issued
After 6/
27/12
12/01/
2017
10/01/2030 US Bank Debt Service 25,578,406 N $3,881,286 - - - 1,718,029 - $1,718,029 - - - 2,163,257 - $2,163,257 146 Taxable Tax
Allocation
Refunding
Bonds, Series
2017
Fees 12/01/
2017
10/01/2030 US Bank Trustee Fees 14,896 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
15,000 N $1,000 - - - 1,000 - $1,000 - - - - - $-
148 2018 School
Pass-Through
Refunding
Bonds
10/01/
2018
10/01/2039 US Bank Debt Service 44,791,156 N $3,023,028 - - 1,754,391 - - $1,754,391 - - 1,268,637 - - $1,268,637
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
25-26 Total
ROPS 25-26A (Jul - Dec)
25-26A
Total
ROPS 25-26B (Jan - Jun)
25-26B
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
Issued
After 6/
27/12
149 2018 School
Pass-Through
Tax Revenue
Refunding
Bonds
Fees 10/01/
2018
10/01/2039 US Bank Trustee Fees 37,983 N $2,650 - - - 2,650 - $2,650 - - - - - $- 150 2018 School
Pass-Through
Tax Revenue
Refunding
Bonds
Fees 10/01/
2018
10/01/2039 Successor
Agency
Post
Issuance
Bond
Compliance
37,500 N $2,500 - - - 2,500 - $2,500 - - - - - $-
San Marcos
Recognized Obligation Payment Schedule (ROPS 25-26) - Report of Cash Balances July 1, 2022 through June 30, 2023
(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 22-23 Cash Balances
(07/01/22 - 06/30/23)
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 07/01/22)
RPTTF amount should exclude "A" period distribution
amount.
39,361,217 1,012,724 1,521,649 304,154 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: 2021/22
Ending Balance G1: ROPS 22-23 Dist offset
by PPA amount.
2 Revenue/Income (Actual 06/30/23)
RPTTF amount should tie to the ROPS 22-23 total
distribution from the County Auditor-Controller
45,832,745 3,475,388 24,607,613 D2: Interest and RPTTF distributions. G2:
ROPS 22-23 distributions received 6/1/2022
for 22-23A and 1/3/2023 for 22-23B.
3 Expenditures for ROPS 22-23 Enforceable Obligations
(Actual 06/30/23)
44,749,363 3,035,976 24,899,552 D3: 2015 bond and 2017 bond. 4 Retention of Available Cash Balance (Actual 06/30/23) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
40,371,202 D4: Reserve requirements per indenture and
debt service for ROPS 22-23 for 2015 bond
and 2017 bond.
5 ROPS 22-23 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 22-23 PPA
form submitted to the CAC
No entry required 12,215 PPA FY22/23
6 Ending Actual Available Cash Balance (06/30/23) $- $73,397 $1,012,724 $1,961,061 $- 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 22-23 Cash Balances
(07/01/22 - 06/30/23)
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 25-26) - Notes July 1, 2025 through June 30, 2026
Item # Notes/Comments
48 49
50 140 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. Amount requested per Bond Pledge Acknowledgement Agreement.
149
150