HomeMy WebLinkAbout19C - CRA FY 2005-2006
REQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
CLERK OF COUNCIL USE ONLY:
DECEMBER 18, 2006
TITLE:
APPROVED
o As Recommended
o As Amended
o Ordinance on 1 sl Reading
o Ordinance on 2nd Reading
o Implementing Resolution
o Set Public Hearing For
COMMUNITY REDEVELOPMENT AGENCY
ANNUAL REPORT FOR FY 2005-2006
"(2A;/Z
CITY MANAGER
CONTINUED TO
(!T
FILE NUMBER
RECOMMENDED ACTION
Receive and file the Community Redevelopment Agency Annual Report for FY
2005-2006 consisting of:
1. The Annual Audit Report as prepared by Moreland & Associates.
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 2005-2006 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 Moreland & Associates, 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.
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19C-1
Community Redevelopment Agency
Annual Report for FY 2005-2006
December 18, 2006
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 Acti vi ty 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
received by
office prior
and Safety Code mandates
the City Council and filed
to December 31, 2006.
that the Annual Report be
with the State Controller's
FISCAL IMPACT
There is no fiscal impact associated with this action.
St~~~ding
Deputy City Manager
for Development Services
Community Development Agency
SGH/NTE/mlr
H:\ACTIONS\2006 CC\CRA Annual Report 05-06
l2-4-06.doc
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19C-2