Shafter City Council Resolution 2901
January 10, 2023
form attached to this Resolution as Exhibit A, as required by Health and Safety Code Section 34177.
Section 4. Transmittal of ROPS. The City Manager and Finance Director are hereby authorized and directed to take any action necessary to carry out the purposes of this Resolution and comply with applicable law regarding the ROPS 23-24, including submitting the ROPS 23-24 to the Successor Agency’s oversight board for approval, and submission of the Approved ROPS to the Kern County Auditor-Controller, the California State Controller, and the State of California Department of Finance, and posting the Approved ROPS on the Successor Agency’s website.
Section 5. Effectiveness. This Resolution shall take effect immediately upon its adoption.
PASSED, APPROVED AND ADOPTED THIS 10TH DAY OF JANUARY 2023. _______________________________
Chad Givens, Mayor
ATTEST:
_______________________________
Yazmina Pallares, City Clerk
APPROVED AS TO FORM:
_______________________________
Marco A. Martinez, City Attorney
Shafter City Council Resolution 2901
January 10, 2023
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
[Attached behind this page]
Recognized Obligation Payment Schedule (ROPS 23-24) - Summary Filed for the July 1, 2023 through June 30, 2024 Period Successor Agency: Shafter
County: Kern
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) $ - $ - $ - B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds - - -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 1,043,856 $ 510,653 $ 1,554,509 F RPTTF 918,856 385,653 1,304,509
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Enforceable Obligations (A+E) $ 1,043,856 $ 510,653 $ 1,554,509 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
Shafter
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
$10,815,587 $1,554,509 $- $- $- $918,856 $125,000 $1,043,856 $- $- $- $385,653 $125,000 $510,653 3 Administrative
Budget
Admin
Costs
07/01/
2013
06/30/2014 City of
Shafter
Successor
Agency
Administrative
Costs
250,000 N $250,000 - - - - 125,000 $125,000 - - - - 125,000 $125,000 4 Loan
Agreement
City/
County
Loan
(Prior 06/
28/11),
Cash
exchange
01/18/
2011
06/30/2015 City of
Shafter
SERAF and
operating
expense loan
agreement
1,030,587 N $400,000 - - - 200,000 - $200,000 - - - 200,000 - $200,000 10 Property Tax
Increment
Allocation
Bonds
Bonds
Issued
After 12/
31/10
12/28/
2016
11/01/2036 U.S.
Bank,
N.A.
2016 Series
A Refunding
Bonds
1&2 9,535,000 N $904,509 - - - 718,856 - $718,856 - - - 185,653 - $185,653
Shafter
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.
- 130,501
2 Revenue/Income (Actual 06/30/21)
RPTTF amount should tie to the ROPS 20-21 total
distribution from the County Auditor-Controller
1,362,510
3 Expenditures for ROPS 20-21 Enforceable Obligations
(Actual 06/30/21)
1,148,143
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)
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
6 Ending Actual Available Cash Balance (06/30/21)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $- $344,868
Shafter
Recognized Obligation Payment Schedule (ROPS 23-24) - Notes July 1, 2023 through June 30, 2024
Item # Notes/Comments
3 4
10