HomeMy WebLinkAbout19C - CDA ANNUAL REPORT
CITY COUNCIL MEETING DATE:
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REQUEST FOR
COUNCIL ACTION
CLERK OF COUNCIL USE ONL~:
DECEMBER 20, 2004
TITLE:
APPROVED
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ITV MANAGER
o As Recommended
o As Amended
o Ordinance on 15t Reading
o Ordinance on 2nd Reading
o Implementing Resolution
o Set Public Hearing For
COMMUNITY REDEVELOPMENT
AGENCY ANNUAL REPORT FOR
FY 2003-2004
CONTINUED TO
FILE NUMBER
RECOMMENDED ACTION
Receive and file the Community Redevelopment Agency Annual Report for FY
2003-2004 consisting of:
1. The Annual Audit Report as prepared by Conrad & Associates, LLP.
2. The Annual Report of Financial Transactions.
3. Housing and Community Development Report of Housing Acti vi ty of
Community Redevelopment Agencies.
4. Annual Statement of Indebtedness.
DISCUSSION
The California Health and Safety Code, which defines the powers and duties
of redevelopment agencies, requires the submittal of an annual report to
the legislative body within six months of the end of the fiscal year. The
2003-2004 Annual Report must contain three major components: an
independent audit report, a fiscal statement for the year, and a
description of the Agency's activities affecting housing and displacement.
Copies of the report are available in the Clerk of the Council's office
for review. Following receipt of these documents by the City Council, the
report will be submitted to the State Controller's office pursuant to
California Redevelopment Law.
1. Audit Report
The firm of Conrad & Associates, LLP, has completed the Audit Report,
wi th a separate opinion on compliance. The Executive Director of
Finance and Management Services has reviewed the audit and separate
opinion, and has determined that financial accounting and State
Controller's guidelines have been met.
19C-1
Community Redevelopment Agency
Annual Report for FY 2003-2004
December 20, 2004
Page 2
2. Annual Report of Financial Transactions of Community Redevelopment
Agencies
The Annual Financial Report delineates the financial activities for
all funds within the redevelopment fund. Additionally, the report
documents the achievements completed during the fiscal year as a
direct result of the activities of the Community Redevelopment
Agency.
3. Housing and Community Development Report of Housing Activity of
Community Redevelopment Agencies
In addition to general Agency financial transactions, the Annual
Report contains a schedule by which the Agency provides financial
information regarding the low and moderate-income housing fund, and a
description of the effect of redevelopment activities on housing in
general.
4. Annual Statement of Indebtedness
The Annual Statement of Indebtedness is the annual report filed with
the County Auditor describing Agency indebtedness and a
Reconciliation Statement.
The Health
recei ved by
office prior
and Safety Code mandates that the Annual Report be
the City Council and filed with the State Controller's
to December 31, 2004.
FI:SCAL I:MPACT
There is no fiscal impact associated with this action.
f!f: Ct<)Uh
patricia C. Whitaker
Executive Director
Community Development Agency
PCW/NTE/mlr
H:Actions\2004CC\CRA Annual Report for FY 03-04 12-20-04
19C-2