10B Action 2011 0118 - Laserfiche WebLink

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CALCULATION OF AVAILABLE REVENUES AGENCY NAME City of San Leandro Redevelopment Ag ency PROJECT AREA West San Leandro MacArthur Blvd 2010 -11 TAX YEAR RECONCILIATION DATES: JULY 1,2009 TO JUNE 30, 2010 1. $ 5,626,335 Beginning Balance, Available Revenue (See Instructions) Adjustments made after the SOI filed but present in the audit report fund equities ( '"x,823,643 ) 2. 4,069,623 Tax Increment Received - Gross All Tax Increment Revenues, to include any Tax Increment passed through to other local taxing agencies. All other Available Revenues Received 3. 43,498 (See Instructions) Revenues from any other source, included in Column E of the Reconciliation Statement but not included in (1 -3) above. 4 ' Sum of Lines 1 through 4 5. $7,915,813 Total amounts paid against indebtedness in previous year. (D + E on reconciliation Statement) 6. 4,440,124 Available Revenues, End of Year (5 - 6) 7. $3,475,689 FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS, COVER PAGE, LINE 4 INDEBTEDNESS, COVER PAGE, LINE 4 NOTES Tax Increment Revenues: The only amount(s) to be excluded as Tax Increment Revenue are any amounts passed through to other local taxing agencies pursuant to Health and Safety Code Section 33676. Tax Increment Revenue set -aside in the Low and Moderate Income Housing Fund will be washed in the above calculation, and therefor omitted from Available Revenues at year end. Item 4. Above: This represents any payments from any source other than Tax Increment OR available revenues. For instance, an agency funds a project with a bond issue. The previous SOI included a Disposition Development Agreement (DDA) which was fully satisfied with these bond proceeds. The DDA would be shown on the Reconciliation Statement as fully repaid under the "other" column (Col E), but with funds that were neither Tax Increment, nor "Available Revenues" as defined. The amounts used to satisfy this DDA woyLd b &P.cr1nd I '1 0CA\Stmt o Inde4ie�ness�rately determine ending "Available Revenues."