Resolution Number SACRA 15-09-01-02Obligation Type Description Total RPTTF (1)
Bond
Proceeds
Administrative Costs
Successor Agency share of City employee's salaries
and benefits as well as utilities, supplies, legal and bond
administration costs associated with outstanding debt of
the former redevelopment agency
$125,000 $125,000 $0
Total Administrative Expenses $125,000 $125,000 $0
SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
January 1, 2016, through June 30, 2016
Funding Source
(1)For Fiscal Year 2015-2016,the City,as the Successor Agency,is entitled to receive up to 3%of the portion of its
Redevelopment Property Tax Trust Fund (RPTTF),but not less than $250,000,to meet the administrative expenses of
serving as the Successor Agency.This amount represents one-half of the minimum annual amount for this six-month
period and is listed on line 28 of the Recognized Obligation Payment Schedule (ROPS)15-16B for the period from
January 1,2016,through June 30,2016
EXHIBIT A