Redevelopment Successor Agency
Total Expenses
$15,901,579
-4%
1Total Revenues
$16,343,964
-1%
2General Fund Contribution
$0
0%
3
District Sales Tax Contribution
$0
0%
4
Other Fund Contributions
-442,385
-680%
5
Funded Staffing
0.00
0.00
6Website
Overview
Department Overview
The Redevelopment Successor Agency (RSA) is responsible for winding down the affairs of the former Redevelopment Agency, including payment of all enforceable obligations and disposition of assets. Expenditures and financing are budgeted in four cost centers. Activities are financed by remaining bond proceeds, and by property taxes allocated by the Auditor-Controller-Treasurer-Tax Collector in an amount not exceeding the amount of the RSA’s enforceable obligations for the fiscal year.Budget Summary
Department Budget Overview
Overall Budget Summary
The Proposed Budget recommends status quo funding with total appropriations of $15,901,579, funded by revenues of $16,343,964 and a reversion to fund balance of $442,385. The Budget includes a decrease in total revenues of $123,754, resulting from a $344,393 decrease in property taxes offset by a $236,599 increase in interest earnings. Total expenditures decreased by $642,444 largely due to a $405,694 decrease in interest on bonds and $257,164 decrease in professional services.Emerging Issues
Emerging Issues
RSA Debt Service: The debt service for bonds associated with the former Redevelopment Agency are paid from share of property tax collections. As the Redevelopment Agency bonds are paid down, the share of property tax returned to the County General Fund increases. Based on estimates using the 2024-25 tax roll, the General Fund property tax allocation is estimated to gradually increase reaching an additional estimated $7.9 million by 2036 when the bonds are fully retired.
Department Operations and Performance
Divisions
Services
Bond Proceeds for Capital Projects
Expenses
$0
General Administration
Expenses
$100,000
Property Management Administration
Expenses
$50,000
Property Tax Trust Fund
Expenses
$15,751,579
Operational Plan Objectives and Accomplishments
This division supports various department objectives
Completed/Accomplishment
Proposed/In-Progress/Amended
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Services
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Objective
Major Budget Changes
Divison: Division Name
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| Major Chages | Net FTE Changes |
2025-26 Ongoing Budget Increase / (Decrease) |
2025-26 One-time Budget Increase / (Decrease) |
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Budget Details
The charts below show department expenditures and revenues by division and service. Click on the pie charts to drill down for more detail. Complete detail can be found on the County's Transparency Portal.
Expenses by Service
Expenses and Revenues over time
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