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THE BOARD OF SUPERVISORS OF THE COUNTY OF STANISLAUS BOARD ACTION SUMMARY DEPT:Treasurer I Tax CollectorBOARD AGENDA:5.B.8 AGENDA DATE: June 25, 2019SUBJECT: Acceptance of the Stanislaus County Treasury
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Local government agencies in Stanislaus County who receive State and Federal funding for capital projects.
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The annual ROPS (Recognized Obligation Payment Schedule) for Stanislaus County is a financial document that outlines the obligations of the former redevelopment agencies within the county that are to be paid with property tax revenues.
Entities that have dissolved redevelopment agencies in Stanislaus County are required to file the annual ROPS, including successor agencies that manage the wind-down of these agencies' affairs.
To fill out the annual ROPS, one must complete the form provided by the California Department of Finance, detailing all obligations that need to be paid during the upcoming fiscal year, with supporting documentation for each obligation.
The purpose of the annual ROPS is to ensure transparency and accountability in the use of property tax revenues for paying recognized obligations stemming from the former redevelopment agencies.
The ROPS must report information such as the description of the obligation, the funding source, the estimated amounts to be paid, and the dates by which these payments are due.
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