HomeMy WebLinkAbout19C - COMM. REDEV. AGENCY ANNUAL REPORT
CITY COUNCil MEETING DATE:
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REQUEST FOR
COUNCIL ACTION
CLERK OF COUNCil USE ONLY:
DECEMBER 19, 2005
TITLE:
APPROVED
COMMUNITY REDEVELOPMENT
AGENCY ANNUAL REPORT FOR
FY 2004-2005
o As Recommended
o As Amended
o Ordinance on 15t Reading
o Ordinance on 2nd Reading
o Implementing Resolution
o Set Public Hearing For
CONTINUED TO
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CITY MANAGER
FILE NUMBER
RECOMMENDED ACTION
Receive and file the Community Redevelopment Agency Annual Report for FY
2004-2005 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 Activity 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
2004-2005 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.
The reports are available in the Clerk of the Council's office for review
(Exhibit 1). 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,
with 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 2004-2005
December 19, 2005
Page 2
2. Annual Report of Financial Transactions of Community Redevelopment
Agencies
The Annual Financial Report delineates the financial activities for
all funds wi thin 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 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, 2005.
FISCAL IMPACT
There is no fiscal impact associated with this action.
Pa ricia C. Whitaker
Executive Director
Community Development Agency
PCW/NTE/mlr
H:\ACTIONS\2005 CC\CRA Annual Report for FY 04-05 l2-l9-05.doc
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