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REQUEST FOR <br /> <br /> COUNCIL ACTION <br /> a <br /> CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: <br /> DECEMBER 7, 2009 <br /> TITLE: APPROVED <br /> ? As Recommended <br /> COMMUNITY REDEVELOPMENT AGENCY ? As Amended sc <br /> ANNUAL REPORT FOR FY 2 0 0 8- 2 0 0 9 ? Ordinance on 1 Reading <br /> ? Ordinance on 2"d Reading <br /> ? Implementing Resolution <br /> ? Set Public Hearing For <br /> CONTINUED TO <br /> ~-t~ FILE NUMBER <br /> CITY MANAGER <br /> RECOMMENDED ACTION <br /> Receive and file the Community Redevelopment Agency Annual Report for FY <br /> 2008-2009 consisting of: <br /> 1. The Annual Audit Report as prepared by Macias Gini & O'Connell, LLP. <br /> 2. The Annual Report of Financial Transactions. <br /> 3. Housing and Community Development Report of Housing Activity of <br /> Community Redevelopment Agencies. <br /> 4. Annual Statement of Indebtedness. <br /> 5. All other information as required pursuant to California <br /> Redevelopment Law. <br /> DISCUSSION <br /> The California Health and Safety Code, which defines the powers and <br /> duties of redevelopment agencies, requires the submittal of an annual <br /> report to the legislative body within six months of the end of the <br /> fiscal year. The 2008-2009 Annual Report must contain five major <br /> components: an independent audit report, a fiscal statement for the <br /> year, a description of the Agency's activities affecting housing and <br /> displacement, a Statement of Indebtedness, and Agency Time and Financial <br /> Limits (Exhibit 1). Following receipt of these documents by the City <br /> Council, the report will be submitted to the State Controller's office <br /> pursuant to California Redevelopment Law. <br /> 1. Audit Report <br /> The firm of Macias Gini & O'Connell, LLP has completed the Audit <br /> Report, with a separate opinion on compliance. The Executive <br /> Director of Finance and Management Services has reviewed the audit <br /> 19E-1 <br /> <br />