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Agency Name: 6.1. E. - Page 41 Excess Surplus Information Piarsuant to Section 3308Q.7 and Secrion 33334.12(g)(1), report on Excess Surplus that is required to be determined on the first day of a fiscal year. Excess 5urplus exists when the Adjusted Balance exceeds the �reater of: (1) $1,OOO,p00 or (2} the aggregate amount of t� increment deposited ta the Housing Fund during the prior fout fiscal years. Section 33334.12(g)(3)(A) and (B) pmvide that the Unencumbered Balance can be adjusted for: (1} any remaining revenue generated in the reporting year from ut�spent debt proceeds and (2) if the land was disposed of during the reporting year to develop affordable housing, the difference between the fair market value of land and the value received. The Unencumbered Balance is calculated by subtracting encumbrances from Net Resources Available. "Encumbrarices" are funds reserved and committed purstaatit to a legalIy enforceable contract or agreement for expenditute for authorized redevelopment housing activities [Section 33334.12(g){2)]. Far Excess Surpins calculation purposes, carry over the prior year's HCD Schedule C Adjusted Balance as the Adjusted Balance on the first day of the reporting fiscal year. Detezz�rine which is larger: (1) $1 million or (2) the total of tax incxement deposited over the prior four years. Subtract the Iargest amount from the Adjusted Balance and, if posititi e, report the amount as Excess Surplus. 10. Excess Surplus Com lete Columns 2, 3, 4, & 5 to calculate Excess S Ius For the r ortin ear. Columns 6 and 7 track rior ears' Excess S lus. Column 1 Column 2 Cotumn 3 Colwnn 4 Column 5� Column 6 Co7umn 7 Sum of Tax Gtiurent Current Amount 4 Prior and TQ�al Tax Increment Reporting Year Renorting Year Ex�ended/Encumbered Rema.ining Excess C�rrent Increment Deposits Over 1" Day 1�` Day Against FY Balance of Surplus for Each Reporting Deposits to Pzzor Four Adjusted Excess Surplus Excess Surplus as of Fiscal Year as of Years Housixag Fund FYs Balance Balances End of Reuartin� Year End of Re�rte'n� Year 9 R�t Yr Ago � o �2,�?q,�5 $ � $ 3 � Yrs go � � �2, S 8L,$2$ $ $ � 2 R�t Yr Aga +� 8 �I �' 6! 4,Isfo � � � 1 R�t Yr Ago F'I' r b � 6 ]T D�'p �. � � $ CURRENT Suuz of Column 2 La�t Year's 5ch C Co14 minus:lar er Reportin� tldiustad Balance of Col 3 or $Imm Yesr re ort ositive $ $ � �I_��,.�i95�� not below item 12 � 1 Re ortin Year Ending Unencumbered Balance and Adjusted Balance: a. Unencumbered Salance (End of Year) [Page 3, T�ine 6b] $��, ��, '7 � b. If eligible, adjust the Unencumbered Balance for; (1} Debt Proceeds [33334.12{g}(3)(B)]: Identify+ uns enf debt proceeds and related income remaining at end of reporting year $ (2) Land Conveyance Losses [(33334.12(g)(3)(A))]: Identify reuorting vear losses fronn sales/grants/leases of Iand acquired with low-mod fiznds, if 49% or more of new or rehabilitated units will be affardable to lower-income hoUSeholds $ iz. Adjusted Balance next earr's determina�ion of Excess SuYplus) [Line l la minus sum of I 1b(1) & l lb(2)] �� 5� �,�� Nafe: Adjusted Balance is not determined the same way for item 10 (Column 4, bottom) and item 12 . a. If there is rernaining Excess Surplus from what was determined on the first day ofthe reporking year, describe the agency's plan (as specifred in Section 33334.10) for transfeiring, encumbering, ar expending excess surplus: b. If the plan described in 12a. was adopted, enter the plan adoption date: / / mo day yr California Redevelopment Agencies — Fiscal Year 2010-2011 HCD Sch C(Revised: 7-22-11) Page 4 of I I