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Santa Ana Successor Agency Dispute on Overall Project Costs Items: In our first two ROPS, DOF moved legitimate project costs into "Administrative" costs. This was contrary to DOF's own position (set forth in "Exhibit 4" on the DOF webpage devoted to ABX1 26 issues) which treats such costs as "specific project implementation activities such as construction inspection, project management or actual construction [which] would not be viewed by Finance as `administrative."' Recently enacted AB 1484 further reinforces this position. Thus, project costs from our prior two ROPS need to backed out of the "Administrative Cost Allowance," and our ROPS allocations and Administrative Budgets recalculated accordingly. SA Resolution No. 2012-007 Page 12 of 24