Successor Agency to the San José Redevelopment Agency Approval of the July 1, 2026 through June 30, 2027 Administrative Budget and Annual Recognized Obligation Payment Schedule for Fiscal Year 2026-27.
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The memorandum discusses the approval of the Administrative Budget and Recognized Obligation Payment Schedule (ROPS) for the Successor Agency to the San José Redevelopment Agency for the fiscal year 2026-2027. It includes a recommendation for the Successor Agency Board to adopt resolutions approving the budget and payment schedule, which outlines financial obligations from July 1, 2026, to June 30, 2027. The Administrative Budget totals $161,883, reflecting a decrease from the previous year, while the ROPS shows a budget of $200,975,913 for enforceable obligations. The document details the funding sources and outlines the legislative requirements for submission to oversight bodies.
Key points
The Administrative Budget covers personnel and professional service resources for the fiscal year 2026-2027.
The ROPS 26-27 includes financial obligations for the period from July 1, 2026, to June 30, 2027.
The Administrative Budget totals $161,883, a decrease of 16% from the previous year.
The ROPS 26-27 budget is $200,975,913, with funding from various sources including a reserve from the previous ROPS.
The document outlines the legislative requirements for the Successor Agency to submit the budget and ROPS for approval.
Limitations
The text includes unresolved placeholders and blank fields that affect the completeness of the summary.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 29,897 chars
COUNCIL AGENDA: FILE: ITEM: TO: SUCCESSOR AGENCY BOARD TO THE SAN JOSE REDEVELOPMENT AGENCY SUBJECT: See Below Approved 6/2/26 26-664 9.1 FROM: Maria Öberg DATE: May 11, 2026 Date: 5/14/26 SUBJECT: Successor Agency to the San José Redevelopment Agency Approval of the July 1, 2026 through June 30, 2027 Administrative Budget and Annual Recognized Obligation Payment Schedule for Fiscal Year 2026-2027 RECOMMENDATION Successor Agency Board to the San José Redevelopment Agency adopt resolutions approving the: (a) Administrative Budget for July 1, 2026 through June 30, 2027; and (b) Recognized Obligation Payment Schedule 2026-27 and authorizing payment for items thereon, which details the obligations of the Successor Agency Board to the San José Redevelopment Agency for the period of July 1, 2026 through June 30, 2027. SUMMARY AND OUTCOME The Administrative Budget illustrates the City of San José (City) allocation of personnel and professional service resources. The Recognized Obligation Payment Schedule 2026-27 (ROPS 26-27) includes financial obligations of the Successor Agency Board to the Redevelopment Agency (Successor Agency Board) for the reporting period of July 1, 2026 through...
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Generated summaryAI-assisted
The source text indicates this attachment appears to be a draft document.
This document is a draft resolution from the Successor Agency to the Redevelopment Agency of the City of San Jose, approving the Administrative Budget for the period of July 1, 2026, through June 30, 2027. The proposed budget reflects estimated expenditures of $161,883, which is a 16.0% decrease from the previous fiscal year due to reduced personnel costs and staffing levels. Funding will come from the Redevelopment Property Tax Trust Fund, with City staff's administrative activities reimbursed from these funds.
Key points
Resolution No. is not specified.
The Administrative Budget covers the period from July 1, 2026, to June 30, 2027.
Estimated expenditures are $161,883, a 16.0% decrease from FY 2025-26.
Decrease in expenditures is attributed to reduced personnel costs and staffing levels.
Funding source is the Redevelopment Property Tax Trust Fund.
City staff's administrative activities will be reimbursed from RPTTF funds.
Limitations
The document is a draft and contains unresolved placeholders for the resolution number and adoption date.
Specific details regarding votes (AYES, NOES, ABSENT, DISQUALIFIED) are not filled in.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 2,784 chars
SAW:KWF:JMD 5/21/2026 SUCCESSOR AGENCY RESOLUTION NO. ______________ A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE APPROVING THE ADMINISTRATIVE BUDGET FOR JULY 1, 2026, THROUGH JUNE 30, 2027 WHEREAS, Redevelopment Dissolution Law requires that the Successor Agency to the Redevelopment Agency of the City of San José (“Successor Agency”) prepare an administrative budget for Countywide Oversight Board (“County Board”) approval, which includes Successor Agency personnel costs and City of San José (“City”) support services; and WHEREAS, the Successor Agency’s proposed Administrative Budget for the period of July 1, 2026, through June 30, 2027, reflects estimated expenditures of $161,883, a 16.0% decrease from the approved Administrative Budget for FY 2025-26; and WHEREAS, this decrease in expenditures is the result of an decrease in personnel costs and staffing levels to support the work of the Successor Agency; and WHEREAS, the source of funding for the Administrative Budget will be the Redevelopment Property Tax Trust Fund (“RPTTF”), formerly tax increment dollars. The administrative activities performed by City staff on behalf of the...
Official source link unavailable.
The file was imported, but the current source metadata does not include a public document URL.
Generated summaryAI-assisted
The source text indicates this attachment appears to be a draft document.
This document is a resolution from the Successor Agency to the Redevelopment Agency of the City of San Jose, approving the Recognized Obligation Payment Schedule (ROPS) for the fiscal year 2026-27. It outlines the obligations of the agency for the period from July 1, 2026, to June 30, 2027, and includes details about the approval process involving the County Auditor-Controller and the State Department of Finance.
Key points
The resolution is for the Recognized Obligation Payment Schedule (ROPS) 2026-27.
The ROPS details obligations for the period of July 1, 2026, through June 30, 2027.
The Successor Agency is required to submit the ROPS to the State Department of Finance for approval.
The County Auditor-Controller may review the ROPS and transmit objections.
A Notice of No Objection was sent by the County Auditor-Controller on January 16, 2026.
The State Department of Finance released its final determination on April 15, 2026.
Limitations
The resolution appears to be a draft, as indicated in the text.
There are unresolved placeholders for the resolution number and adoption date.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 4,931 chars
SAW:KWF:JMD 5/21/2026 SUCCESSOR AGENCY RESOLUTION NO. ______________ A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 2026-27 AND AUTHORIZING PAYMENT OF EXPENDITURES FOR ITEMS ON ROPS 2026-27, WHICH DETAILS THE OBLIGATIONS OF THE SUCCESSOR AGENCY FOR THE PERIOD OF JULY 1, 2026, THROUGH JUNE 30, 2027 WHEREAS, pursuant to Redevelopment Dissolution Law, the Successor Agency to the Redevelopment Agency of the City of San José (“Successor Agency”) is required to submit a Recognized Obligation Payment Schedule (“ROPS”) to the State Department of Finance (“DOF”) for approval every fiscal year; and WHEREAS, Successor Agency staff has prepared a ROPS for the period of July 1, 2026, through June 30, 2027 (“ROPS 26-27”); and WHEREAS, the County Auditor-Controller (“CAC”) is authorized, but not required, to review the ROPS and transmit objections to any items not demonstrated to be enforceable obligations to the Successor Agency, County Board, and the DOF; and WHEREAS, on January 16, 2026, the CAC sent via email a Notice of No Objection to the ROPS 26-27, as detailed in the letter from CAC; and...