HomeMy WebLinkAboutAGENDA REPORT 1998 1104 CC REG ITEM 11FTO:
FROM:
DATE:
CITY OF MOORPARK
CITY COUNCIL AGENDA REPORT
Honorable City Council
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John E. Nowak, Assistant City Manager all ?#
October 19, 1998 (Council meeting of 11/04/98)
RE: CONSIDER APPROVAL OF AGREEMENT FOR DISTRIBUTION
OF CASH AND PERSONAL ASSETS OF THE MOORPARK
MOSQUITO ABATEMENT DISTRICT.
Discussion: The Moorpark Mosquito Abatement District (MMAD)
was dissolved by action of the Ventura Local Agency
Formation Commission and the County Board of Supervisors in
July 1998. State law provides the formula by which the
MMAD's cash and personal assets are to be distributed
between the City of Moorpark and the County of Ventura.
Based on the proportion of the total taxable property of
within the MMAD that is within the City and the
unincorporated County area, the City of Moorpark is to
receive approximately 920 of the cash and the County of
Ventura is to receive approximately 80.
The annual audit of financial transactions for the MMAD
ending June 30, 1998 has been completed and provides the
basis upon which the assets to be divided were determined.
The total cash, including interest accrued through October
15, 1998 is $1,585,729. Of that amount $4,336 is due to
the City as a transfer of leave liability reserves when the
City hired the two MMAD employees. The City retained the
$200 in petty cash and the County's portion needs to be
paid to the County. The net transfer of cash to the City
and final transfer to the County will be based on the final
percentages as noted above.
The personal property, C
building, that belonged to
value of $12,999. The C
portion of these assets as
than transfer the physical
County for its valued share
fixed assets excluding the
the MMAD has a net depreciated
Runty is entitled to the same
its share of the cash. Rather
property, the City will pay the
of the assets.
000459
The attached draft Agreement would effectuate the
distribution of the cash and personal assets of the MMAD to
the City and County as described.
Recommendation: That the City Council approve the
Agreement between the County of Ventura and the City of
Moorpark for the distribution of cash and personal assets
of the Moorpark Mosquito Abatement District subject to
final language approved by the City Attorney and City
Manager, and authorize the City Manager to execute the
Agreement on behalf of the City.
Attached: Draft Agreement
000460
DRAFT
AGREEMENT BETWEEN
COUNTY OF VENTURA and CITY OF MOORPARK
Pertaining to
DISTRIBUTION OF CASH AND PERSONAL ASSETS
Of
MOORPARK MOSQUITO ABATEMENT DISTRICT
WHEREAS, pursuant to Section 57457 (c)(2) of the State Government Code
provides that all moneys or funds and all personal property of a dissolved district
be divided among and distributed to each city or county in the proportion that the
assessed value of the taxable property of the dissolved district within the
incorporated territory of each city or within the unincorporated territory of each
county shall bear to the total assessed value of all taxable property within the
dissolved district; and
WHEREAS, County Counsel has determined that the distributed funds are not
restricted as to use by the receiving entity; and
WHEREAS, based on the 1997 -1998 equalized tax rolls, the County of Ventura
shall receive % of the Moorpark Mosquito Abatement District's moneys or
funds and personal property, and the City of Moorpark shall receive % of
same.
NOW, THEREFORE, pursuant to the dissolution of the Moorpark Mosquito
Abatement District and applicable State law, the County of Ventura and the City
of Moorpark do hereby agree to the following distribution of cash and personal
assets of said district between the two entities:
CASH ASSETS:
6/30/98 Cash
Petty Cash
Interest 4/1/98 — 6/30/98
Interest 7/1/98 — 9/30/98
Interest 10/1/98 — 10/15/98
SUBTOTAL:
Due City of Moorpark — Leave Liability
CASH FOR DISTRIBUTION:
$1,563,929
200
$ 21,800
$ 4,336
000461
City of Moorpark ( - - - %) $
City retention of Petty Cash $
PAYABLE TO CITY OF MOORPARK: $
County of Ventura ( - - - - %) $
Repayment of Petty Cash $
PAYABLE TO COUNTY OF VENTURA: $
PERSONAL ASSETS
NET DEPRECIATED VALUE OF FIXED ASSETS: $ 12,999
PAYABLE TO COUNTY OF VENTURA (_%)
Both parties hereto do herewith direct the County Auditor - Controller to distribute
the cash assets of the Moorpark Mosquito Abatement District to the County of
Ventura and the City of Moorpark within ten (10) days of the receipt of this
executed Agreement.
The City of Moorpark shall make payable to the County of Ventura the County's
cash value share of the fixed assets retained from the District within ten (10)
days of the execution by both parties of this Agreement.
COUNTY OF VENTURA
Lin Koester
Chief Administrative Officer
DATE:
CITY OF MOORPARK
Steven Kueny
City Manager
DATE:
000462