HomeMy WebLinkAboutROPS July1, 2016 Through June 30, 2017 signedRecognized Obligation Payment Schedule (ROPS 16-17) - Summary
Filed for the July 'l, 2016 through June 30, 2017 Period
Successor Agency:
County:
Lake Elsinore
Rivereide
Enforceable Obligations Fundod with Non-Rodevelopment Proparty Tar Trust Fund (RPTTF) Funding
Sources (B+C+D):
Bond Proceeds Funding
Reserve Balance Funding
Oths Funding
Enforceable Obligations Funded with RPTTF Funding (F+G):
Non-Administrative Costs
Administrative Costs
Current Period Enforceable Obligations (A+E):
16-17A Total 16-17B Total
A
B
C
o
E
F
G
H
Certifiction of Oversight Board Chaiman:
Pursuant to Section 341 77 (o) of the Health and Safety code, I hereby
certiry that the above is a true and a@rate R@gnized Obligation
Payment Schedule for lhe above named su@essor agency., 2076
i 353,649 $ 1,696,108 $ 2,049,757
105,@0 1,440,000 1,545,000
248.649 256,108 5U,757
i 7,268,323 $ 6,648,754 $ 13,917,077
7,056,624 6,455,101 '13,511,725
211,699 193.653 405,352
3 7,621,972 i 8,3{4,862 I 15,966,834
Lake Elsinore Recognized Obligation Payment Schedule (ROPS 16-'17l - Report of Cash Balances
or when payment from property tax revenues is required by an enforceable obligation. For tips on how to complete the Rgpo4 g!!qt q!!!M!lgl
Bonds issued on
or before
12J31110 ot after o1lo1l11
Prior ROPS
period balan@s
and ODR RPTTF
balances
retained
Prior ROPS
RPTTF
distributed as
reserue for future
TTF amounts should tie to the ROPS 1+'l64 distribution from the
Auditor-Controller during June 201 5
of Available Cash Balance (Actual 121311151
TTF amount retained should only include the amounts distributed as
15-16A RPTTF Balances Remaining
toG =(1 + 2 - 3 -/t)! H =(1 +2 -3 -4 - 5)
D, E, G=4+ 6, F = H4+ F4+ F6, and H = 5+6)
nue/lncome (Estimate 06/30/1 6)
F amounts should tie to the ROPS l5-168 distribution from the
Expenditures for ROPS 15-16El Enforceable
Retention of Available Cash Balance (Estimate
amount retained should only include the amounts distributed as
for future period(s)
Estimated Available Cash Balanco (7 t I - 9 -10)
Amounts in Whole Dollars)
A B c D E F G H I
Cash Balance lnfomation bv ROPS Period
Fund Sources
Comments
Bond Proceeds Other RPTTF
Rent,
grants,
Non-Admin
and
Adminoeriod(s)
1 leginning Available Cash Balance (Actual 07/01/15)
3 qnq sBi , 6?0 saa 76 76'321 471
2
I 321 389 )a 747 5 3A7 Ar(
3 =xpenditures for ROPS 15-16A Enforceable Obligations (Actual
ta31t15l
q 321 3AC 41 661 1 3AO OOr 24474i 4 753 94i
4
796.85i
5
No gntry required
6
$$t 3 867 C2a s I 2alt.533 j 78.761 s 158.4S1
aOPS 15-l6El Estimaie (01101/16 - 06/30/16)
7
3 s 3 3.867.92(3 2.037.38t g 76 76't 15A tEr
8
244 64(5 726 99t
9
3 625 45i 344 674 244 641 3.924.731
1.794.2d
$s s 2 2.464 s 1.688.71(s 76.76i S 158./+9l
Lake Elsinore Recognized Obligation Payment Schedule (ROPS 16-17) - Notes July 1, 2016 through June 30,2017
Item #Notes/Comments
1 Amount shoM in Column U includes $175,000 reserued for debt seruice due during the ROPS 17-ibA PerioA
\mount shown in Column U includes $322,500 reserued for debt seruice due during the ROPS 17-18A Period
\mount shoM in Column U includes $635,000 reserued for debt serui@ due during the ROPS 17-184 Period
11
1
1
,|
\mount shown in Column O includes $300,000 reserued for debt seruie due during the ROPS 1 G1 78 Period
2(fhe Lake Elsinore Suessor Agency disagrees with the Department of Finan@'s denial. The Successor Agency will @ntinue to list this obligation as enforceable, in
anticipation of a court iudgment or reversal of policy by the Department sustaining the Surcessor Agencys position-
2i
29-3i fhe obligations for line items 29 -32 for the twelve month period covered by ROPS 1617 are incorporated into line 33 in accordance with the terms of the lnterim
Stadium Manaoement Aqreement and proiected for the six month period covered by ROPS 1G178
J.This line items references the tnterim Stadium Management Agreement for Stadium management, operations and maintenance, as amended, for the mlendar year
2O16 (January 1, 2O'l 6 - December 31, 2016) and incorporates lhe increases in costs and €pital expenditures required to be made by the agreement for the six month
period covered bv ROPS 1&17A.
3t
3(
to DOF this obligation is included within the Administriative Allowance,
4(
Amount shown in Column U includes $365,000 reserved for debt seruice due during the ROPS 17-18A Period
4 Amt. in excess of ROPS 1 5-1 64 Authorized Amt. $1 1,200 was added to ROPS 1e1 7A
43
44 Amt. in excess of ROPS '15-164 Authorized Amt. $3,680 was added to ROPS 16-174