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RODS 15-16B & Administrative Budget <br />October 6, 2015 <br />Page 2 <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #4 City Financial Stability, Objective <br />#1, (Maintain a stable, efficient and transparent financial environment.) <br />FISCAL IMPACT <br />The Successor Agency is limited to making only payments listed on the approved ROPS for each <br />six month period and the administrative expenditures of the Successor Agency are limited to <br />items listed in the approved Administrative Budget for each six month period. Administrative <br />expenses are capped by law at the greater of three percent of the property tax funds distributed <br />for the RODS, or $250,000 per year. Thus far, Santa Ana's Successor Agency has received the <br />greater amount of three percent based on the approved property tax funds. <br />Funds are available in the Redevelopment Obligation Retirement Funds (account no. 67118021 - <br />various, 67018843 -various, and 67018850 -various) upon approval of the ROPS by DOF. <br />(I <br />Kelly Re ride <br />Executive Director <br />Community Development Agency <br />KR/SG/II <br />Exhibit: 1. ROPS & Administrative Budget <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Franciscutierrez SIS <br />Executive Director <br />Finance and Management Services Agency <br />2-2 <br />