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Agency Name: Redevelopment Agency of the City of San Leandro Excess Surplus Pursuant to Section 33080.7 and Section 33334.12(g)(1), report on Excess Surplus that is required to be determined on the first day of a fiscal year. Excess Surplus exists when the Adjusted Balance exceeds the greater of: (1) $1,000,000 or (2) the aggregate amount of tax increment deposited to the Housing Fund during the four prior fiscal years. Section 33334.12(g)(3)(A) and (B) provide that the Unencumbered Balance can be adjusted for: (1) any remaining revenue generated in the reporting year from unspent debt proceeds and (2) if the land was disposed of during the reporting year to develop affordable housing, the difference between the fair market value of land and the value received. The Unencumbered Balance is calculated by subtracting encumbrances from Net Resources Available. "Encumbrances" are funds reserved and committed pursuant to a legally enforceable contract or agreement for expenditure for authorized redevelopment housing activities [Section 33334.12(g)(2)]. For Excess Surplus calculation purposes, carry over the prior year's HCD Schedule C Adjusted Balance as the Adjusted Balance on the first day of the reporting fiscal year. Determine which is larger: (1) $1 million or (2) the total of tax increment deposited over the prior four years. Subtract the largest amount from the Adjusted Balance and, if positive, report the amount as Excess Surplus. 10. Excess Surplus: Fill in the below table to calculate Excess Surplus for the reporting year and track the balance of prior years' Excess Surplus. Column 1 Column 2 Column 3 Sum of Tax Increment Deposits Over Prior Four FYs Column 4 Current Reporting Year 1" Day Adjusted Balance Column 5 Current Reporting Year I" Day Excess Surplus Balances Column 6 Amount Expended/Encumbered Against FY Balance of Excess Surplus as of End of Reporting Year Column 7 Remaining Excess Surplus for Each Fiscal Year as of End of Reporting Year Prior and Current Reporting Yew Total Tax Increment Deposits to Housing Fund 4 Years Prior S $ $ $ 3 Years Prior S S $ 2 Years Prior $ S S $ 1 Year Prior S $ S $ Current Reporting Year Sum of Column 2 Last Year's Sch C Col 4 minus: larger $ $ $ Adiusted Balance of Col 3 or $lmm $ (report positive $) $ 11. Reporting Year Ending Unencumbered Balance and Adjusted Balance: a. Unencumbered Balance (End of Year) [Page 3, Line 6b] b. If eligible, adjust the Unencumbered Balance for: (1) Debt Proceeds [33334.12(g)(3)(B)]: Identify unspent debt proceeds and related income remaining at end of reporting year $ (2) Land Conveyance Losses [(33334.12(g)(3)(A))]: Identify reporting year losses from sales/grants/leases of land acquired with low -mod funds, if 49% or more of new or rehabilitated units will be affordable to lower -income households $ 12. Adiusted Balance (for next year's determination of Excess Surplus) (Line 1 la minus sum of 1 NO and 1 lb(2)1 Note: Do not enter Adjusted Balance in Col 4. It is to be reported as next year's 1st day amount to determine Excess Surplus a. If there is remaining Excess Surplus from what was determined on the first day of the reporting year, describe the agency's plan (as specified in Section 33334.10) for transferring, encumbering, or expending excess surplus: b. If the plan described in 12a. was adopted, enter the plan adoption date: / 1 California Redevelopment Agencies - Fiscal Year 2000-2001 HCD-C Sch C (7/1/01) Page 4 of 8