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This document outlines the recognized obligation payment schedule for the Contra Costa County Successor Agency, detailing outstanding debts, obligations, and anticipated funding sources for the specified

How to fill out recognized obligation payment schedule

How to fill out Recognized Obligation Payment Schedule (ROPS III)

1. Obtain a blank ROPS III form from your local oversight board or state agency.
2. Fill in the agency name and the period for which the ROPS is being filed.
3. Itemize all recognized obligations by providing a description of each obligation, including the funding source.
4. Specify the start and end dates for each obligation to ensure they are tied to the correct fiscal period.
5. Indicate the amount required for each obligation in the respective columns.
6. Review the completed form for accuracy and ensure all obligations are documented.
7. Submit the completed ROPS III to the appropriate oversight board for review and approval.
8. Keep a copy of the submitted ROPS III for your records.

Who needs Recognized Obligation Payment Schedule (ROPS III)?

1. Local public agencies that are involved in the dissolution of redevelopment agencies.
2. Municipalities that need to report on their financial obligations related to former redevelopment projects.

People Also Ask about

What is a recognized obligation payment schedule?

The Recognized Obligation Payment Schedule (ROPS) is a permanent schedule of obligations that replaces the Enforceable Obligations Payment Schedule (EOPS) once it is approved by the Oversight Board to the Successor Agency to the former Redevelopment Agency.

What is ROPS in business?

Rollover protective structures (ROPS)

What is ROPS in government?

The Recognized Obligation Payment Schedule (ROPS) is a permanent schedule of obligations that replaces the Enforceable Obligations Payment Schedule (EOPS) once it is approved by the Oversight Board to the Successor Agency to the former Redevelopment Agency.

What is ROPs in finance?

Recognized Obligation Payment Schedule (ROPS) Each Successor Agency is responsible for preparing a ROPS in a manner provided by Finance, listing the enforceable obligations of the former RDA and their source of payment. ROPS are subject to the approval of the local Oversight Board.

What does ROP mean in finance?

In the financial sector, a Registered Options Principal (ROP) is a professional who has passed the Series 4 exam and is therefore qualified to oversee options trading activities at a financial firm.

For pdfFiller’s FAQs

What is Recognized Obligation Payment Schedule (ROPS III)?

Recognized Obligation Payment Schedule (ROPS III) is a financial document that outlines the obligations that a redevelopment agency must meet in a given fiscal year, including payments for debts and ongoing expenses.

Who is required to file Recognized Obligation Payment Schedule (ROPS III)?

All redevelopment agencies and their successor agencies in California are required to file the Recognized Obligation Payment Schedule (ROPS III) as part of their compliance with state law.

How to fill out Recognized Obligation Payment Schedule (ROPS III)?

To fill out the ROPS III, agencies must list each obligation, providing details such as the funding source, payment amounts, due dates, and any relevant notes to ensure clarity and compliance with reporting requirements.

What is the purpose of Recognized Obligation Payment Schedule (ROPS III)?

The purpose of ROPS III is to provide transparency and accountability regarding the financial obligations of redevelopment agencies, while ensuring that funds are utilized appropriately for authorized expenses.

What information must be reported on Recognized Obligation Payment Schedule (ROPS III)?

The ROPS III must report obligations including the description of each obligation, the amount owed, funding sources, payment schedule, and any other pertinent details that capture the financial commitments of the agency.