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Agencv Name� <br /> 6.1. E. - Page 46 <br /> 23. Agency-vv�de Accounting for SERAF SUSPENSION / LOAN / REPAY11�1ENT / BALANCE <br /> Insh-uctions: Supplemental Education Revenue Augmentation Fund (SERAF). lz a ment to housin fund re uired in 5 ears. <br /> Step 1: Identify FY 2009-10 amount suspended arid,'or Ioaned and/or any repayment. Compute Balance (CaI 4} <br /> Step 2: Identify FY 2010-11 amount loaned and/or any repayment. Compute Balance (Co14) <br /> Step 3: Complete information requested in Co� 3 and Co14 for applicable years. <br /> Step 4: Repay all FY 2009-10 suspension azxd loan amounts within required 5 years (before FY 2014-15 end). <br /> Step 5: Repay all FY 2010-11 loan amount within required 5 years (before FY 2015-16 end). <br /> Cal 1 Col 2 Co13 Co14 <br /> SUSPENSION LOAN REPAYMENT BALANCE <br /> Amount for Amount for Amount for (Col 1 plus Co12 <br /> Fiscal Year Applicabl� Year Applicable Years Applieable Years minus Co13) <br /> 2009 - 20I4 �� $ � 2 $� �" � g ` � � � <br /> 2010-2011 �,� 2' S �� � 2 �� ��� <br /> zoii-zoiz �_ sCg [� [�87 �7oZ, <br /> 2012-2013 S� 2, s68 �, I � <br /> � <br /> 2013 — 2014 � �� � �- �' ? � � <br /> � Pi: �� i a r P. p A � y' <br /> 2014-20I5 � r� ��;a, �� � C�6 �� <br /> ,� �,, .. <br /> , ���,j � ��'.� � � "�"���u�' <br /> ._ r � J � ++ _ <br /> 2015 — 2016 "�6 ,,�' �M 7 �� . <br /> � �_ <br /> ����� �, , r. , w,.. ._- <br /> i i � 'o a , � I <br /> Suspensio� of Funds to pay SERAF in FY 2009-1.0: H&SC Section 33334.2(k){1)(2)(3) <br /> H&SC Section 33334.2(Xc)(1)(2)(3), applicable only for FY 2009-10, granted agencies tk�e option fo znake SERAF payment by <br /> suspending ta�c increxnent revenue from deposit into the Low Mod Fund. Repaymenf is required within 5 years, by June 30, 2015. <br /> Borrowing of Funds ta pay SER�,F in FY 2009-10 and FY 2010-11: H&SC Section 33690(c)(1){2) <br /> H&5C Section 33690(c)(1)(2), applicable for Fiscal Years 2b09-10 and 2010-11, grantea agencies option to xnake SERAF by <br /> borrowing funds from the Low Mod Housing Fund. Full repayment is required within 5 years as follows: <br /> FY 2004-10 amount borrowed must be fully repaid by .�une 30, 2,Q15. <br /> FY 2010-11 amount borrowed must be fully repaid by Jnne 30, 2016. <br /> Penalties for Non-repaymient in S Years: H&SC Sections 33Q20.5, 33331.5, 33334.2, 33688, 33690, 33690.5, 33691 and 33692. <br /> : � <br /> Califomia Redevelopirient Agencies — Fiscal Year 2010-2011 HCD-C <br /> Sch C(Res 7-22-11) Page 9 of ll <br />