AgdaPkt 2012-02-27 - Laserfiche WebLink

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6.4. B. - Page 2 administrative cost allowance, rents, interests and other revenues, and property taxes to be allocated to the Successor Agency for the January 1, 2012 through June 30, 2012 period. The ROPS is not effective until it has been certified by an independent external auditor and approved by the Oversight Board. The auditors are expected to review and certify the ROPS and its relevant documents in March 2012. By April 15, 2012, the certified ROPS is to be approved by the Oversight Board and such approved and certified ROPS must be posted on the Successor Agency's website and submitted to the State Department of Finance, the State Controller, and County Auditor - Controller. By May 1, 2012, the ROPS replaces the Enforceable Obligation Payment Schedule ( "EOPS ") under which the Successor Agency has been operating. Only those payments listed in the approved ROPS can be made by the Successor Agency. The Successor Agency prepares a new ROPS for each six month fiscal year period thereafter for approval by the Oversight Board. Enforceable Obligation Payment Schedule In compliance with AB 1X 26, the RDA adopted an EOPS by resolution to allow itself to make payments on debts and obligations listed on the EOPS. After the adoption of the EOPS, staff was made aware that additional obligations needed to be listed on the EOPS in order to receive funding to make the payments. As such, staff seeks an amendment to the EOPS adopted on January 23, 2012. ALTERNATIVES The Successor Agency may revise the items listed in the draft ROPS. The Successor Agency may approve, not approve, or approve a revised version of the proposed amended EOPS. FISCAL IMPACT There is no fiscal impact for the preparation of the ROPS or amending the EOPS. Health and Safety Code Section 34169, added as part of AB 1X 26, allows that the EOPS may be amended at any public meeting of the RDA or its Successor Agency. ENVIRONMENTAL REVIEW The actions proposed by the Successor Agency are exempt from the California Environmental Quality Act pursuant to CEQA Guidelines section 15378(b)(4), as they are not considered a project subject to CEQA review because they do not involve a new commitment to any specific project which may result in a potentially significant environmental impact. ✓) I LL ` aJEANNIE YOUNG STAFF ORIGINATOR