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<br /> <br /> <br /> REQUEST FOR <br /> <br /> COUNCIL ACTION <br /> <br /> CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: <br /> <br /> DECEMBER 19, 2011 <br /> TITLE: APPROVED <br /> ? As Recommended <br /> COMMUNITY REDEVELOPMENT AGENCY ? As Amended <br /> ANNUAL REPORT FOR FY 2010-2011 El Ordinance on 25' Reading <br /> ? Ordinance on 2"d Reading <br /> ? Implementing Resolution <br /> ? Set Public Hearing For <br /> CONTINUED TO <br /> FILE NUMBER <br /> CITY MANAGER <br /> <br /> RECOMMENDED ACTION <br /> <br /> Receive and file the Community Redevelopment Agency Annual Report for FY 2010-2011 <br /> consisting of: <br /> <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 Community <br /> Redevelopment Agencies; <br /> 4. Annual Statement of Indebtedness; and <br /> 5. All other information as required pursuant to California Redevelopment Law. <br /> <br /> DISCUSSION <br /> <br /> The California Health and Safety Code, which defines the powers and duties of redevelopment <br /> agencies, requires the submittal of an annual report to the legislative body within six months of the <br /> end of the fiscal year. The 2010-2011 Annual Report must contain five major components: an <br /> independent audit report, a fiscal statement for the year, a description of the Agency's activities <br /> affecting housing and displacement, a Statement of Indebtedness, and Agency Time and Financial <br /> Limits. Following receipt of these documents by the City Council, the report will be submitted to <br /> the State Controller's office pursuant to California Redevelopment Law (CRL). <br /> <br /> 1. Audit Report <br /> <br /> The firm of Macias Gini & O'Connell, LLP has completed the Audit Report, with a separate <br /> opinion on compliance. The Executive Director of Finance and Management Services has <br /> reviewed the audit and separate opinion on compliance and has determined that financial <br /> accounting and State Controller's guidelines have been met. <br /> <br /> <br /> <br /> <br /> <br /> 19D-1 <br />