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HomeMy WebLinkAboutAGENDA REPORT 2015 0121 CCSA REG ITEM 10L :,,1''Y OF MO'•RPARP,CAUFOH.' 'ftv Council Meeting ITEM 10.L. o sem / -- ®. ._ ACTION; / , ... y _ 1M SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK AGENDA REPORT TO: Honorable Successor Agency FROM: Ron Ahlers, Finance Director ' v DATE: December 31, 2014 (Successor Agency Meeting January 21, 2015) SUBJECT: Consider Asset Transfer Review Report by the State Controller's Office SUMMARY During July 2014 the State Controller's Office (SCO) reviewed all asset transfers from the former Redevelopment Agency of the City of Moorpark (RDA) for the period January 1, 2011 through January 31, 2012. The attached report discusses the review and concludes with a "Finding and Order of the Controller". Please recall the dissolution date for the former RDA was January 31, 2012. The Successor Agency was created on February 1, 2012. Staff is requesting the Successor Agency consider the Asset Transfer Review report by the SCO and receive and file the report. DISCUSSION The attached report states, "Our review found that the RDA transferred $31,811,477 in assets after January 1, 2011, including unallowable transfers to the City of Moorpark totaling $812,004..." Pursuant to State law, the former RDA transferred its assets, liabilities and fund balance to the Successor Agency on February 1, 2012. The "unallowable transfers" to the City represent the land and improvements for the parking lot for the post office on High Street. The SCO has ordered the City to return these assets to the Successor Agency. However, the Successor Agency has listed the parking lot as "government use" on the Long Range Property Management Plan (LRPMP). The Successor Agency has submitted the LRPMP to the Department of Finance (DOF) for a determination. The DOF has not made a determination on the LRPMP. 159 Successor Agency January 21, 2015 Page 2 Page 3 of the SCO report states: Pursuant to H&S Code section 34167.5, the City is ordered to reverse the transfer of land and land improvement totaling $812,004 and turn over the assets to the Successor Agency. The Successor Agency currently is awaiting approval of the LRPMP. Upon approval by the Department of Finance, no further action on the $812,004 in unallowable transfers will be necessary. However, if the LRPMP is not approved, the Finding and Order of the Controller will remain as stated. If the DOF determines the parking lot is "government use" then the City can retain ownership of the parking lot. If the DOF determines the parking lot is not "government use", then the SCO has ordered the City to return the parking lot to the Successor Agency. FISCAL IMPACT None. STAFF RECOMMENDATION Receive and file the Asset Transfer Review report by the SCO. Attachments: 1. Asset Transfer Review Report by the State Controller's Office 160 REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK Review Report ASSET TRANSFER REVIEW January 1, 2011, through January 31, 2012 JOHN CHIANG California State Controller December 2014 Attachment 1 161 Ron Ahlers, Finance Director City of Moorpark 799 Moorpark A venue Moorpark, CA 93021 Dear Mr. Ahlers: JOHN CHIANG Qlalifornia ~tate Qlontroller December 17, 2014 Pursuant to Health and Safety Code section 34167.5, the State Controller's Office (SCO) reviewed all asset transfers made by the Redevelopment Agency of the City of Moorpark (RDA) to the City of Moorpark (City) or any other public agency after January I, 2011. This statutory provision states, "The Legislature hereby finds that a transfer of assets by a redevelopment agency during the period covered in this section is deemed not to be in furtherance of the Community Redevelopment Law and is thereby unauthorized." Therefore, our review included an assessment of whether each asset transfer was allowable and whether the asset should be turned over to the Successor Agency. Our review applied to all assets including but not limited to, real and personal property, cash funds, accounts receivable, deeds of trust and mortgages, contract rights, and rights to payment of any kind. We also reviewed and determined whether any unallowable transfers of assets to the City or any other public agency have been reversed. Our review found that the RDA transferred $31,811,477 in assets after January I, 2011, including unallowable transfers to the City of Moorpark totaling $812,004, or 2.55% of transferred assets. These assets must be turned over to the Successor Agency. If you have any questions, please contact Elizabeth Gonzalez, Chief, Local Government Compliance Bureau, by telephone at (916) 324-0622 or by email at egonzalez@sco.ca.gov. Sincerely, Original signed by JEFFREY V. BROWNFIELD, CPA Chief, Division of Audits JVB/kw 162 Ron Ahlers, Finance Director cc: Jeffery Burgh, Auditor-Controller Ventura County Bruce Hamous, Chair Oversight Board David Botelho, Program Budget Manager California Department of Finance Richard J. Chivaro, Chief Legal Counsel State Controller's Office Elizabeth Gonzalez, Bureau Chief -2- Division of Audits, State Controller's Office Scott Freesmeier, Audit Manager Division of Audits, State Controller's Office Steven Noguchi, Auditor-in-Charge Division of Audits, State Controller's Office December 17, 2014 163 Redevelopment Agency of the City of Moorpark Asset Transfer Review Contents Review Report Summary ........................................................................................................................... . Background ....................................................................................................................... . Objective, Scope, and Methodology................................................................................. 2 Conclusion.......................................................................................................................... 2 Views of Responsible Officials.......................................................................................... 2 Restricted Use.................................................................................................................... 2 Finding and Order of the Controller ...................................... ....................... ...................... 3 Schedule 1-Unallowable Asset Transfers to City of Moorpark...................................... 4 164 Redevelopment Agency of the City of Moorpark Asset Transfer Review Asset Tran sf er Review Report Summary Background The State Controller's Office (SCO) reviewed the asset transfers made by the Redevelopment Agency of the City of Moorpark (RDA) after January I, 20 I I. Our review included, but was not limited to, real and personal property, cash funds, accounts receivable, deeds of trust and mortgages, contract rights, and rights to payments of any kind from any source. Our review found that the RDA transferred $31,811,477 in assets after January I, 20 I I, including unallowable transfers to the City of Moorpark (City) totaling $812,004, or 2.55% of transferred assets. These assets must be turned over to the Successor Agency. In January of 2011, the Governor of the State of California proposed statewide elimination of redevelopment agencies (RDAs) beginning with the fiscal year (FY) 2011-12 State budget. The Governor's proposal was incorporated into Assembly Bill 26 (ABX I 26, Chapter 5, Statutes of 2011, First Extraordinary Session), which was passed by the Legislature, and signed into law by the Governor on June 28, 2011. ABX I 26 prohibited RDAs from engaging in new business, established mechanisms and timelines for dissolution of the RDAs, and created RDA successor agencies and oversight boards to oversee dissolution of the RD As and redistribution of RDA assets. A California Supreme Court decision on December 28, 2011 (California Redevelopment Association et al. v. Matosantos ), upheld ABX I 26 and the Legislature's constitutional authority to dissolve the RDAs. ABX I 26 was codified in the Health and Safety (H&S) Code beginning with section 34161. H&S Code section 34167.5 states in part," ... the Controller shall review the activities of redevelopment agencies in the state to determine whether an asset transfer has occurred after January I, 2011, between the city or county, or city and county that created a redevelopment agency or any other public agency, and the redevelopment agency." The SCO identified asset transfers that occurred after January I, 2011, between the RDA, the City and/or any other public agency. By law, the SCO is required to order that such assets, except those that already had been committed to a third party prior to June 28, 2011, the effective date of ABX! 26, be turned over to the Successor Agency. In addition, the SCO may file a legal action to ensure compliance with this order. -1- 165 Redevelopment AgenGy of /he City of Moorpark Asset Transfer Review Objective, Scope, and Methodology Conclusion Views of Responsible Officials Restricted Use Our review objective was to determine whether asset transfers that occurred after January I, 2011, and the date upon which the RDA ceased to operate, or January 31, 2012, whichever was earlier, between the city or county, or city and county that created an RDA or any other public agency, and the RDA, were appropriate. We perfonned the following procedures: • Interviewed Successor Agency personnel to gain an understanding of the Successor Agency's operations and procedures. • Reviewed meeting minutes, resolutions, and ordinances of the City, the RDA, the Successor Agency, and the Oversight Board. • Reviewed accounting records relating to the recording of assets. • Verified the accuracy of the Asset Transfer Assessment Fonn. This fonn was sent to all fonner RDAs to provide a list of all assets transferred between January I, 2011, and January 31, 2012. o Reviewed applicable financial reports to verify assets (capital, cash, property, etc.). Our review found that the Redevelopment Agency of the City of Moorpark transferred $31,811,477 in assets after January I, 2011, including unallowable transfers to the City of Moorpark totaling $812,004, or 2.55% of transferred assets. These assets must be turned over to the Successor Agency. Details of our finding are described in the Finding and Order of the Controller section of this report. At an exit conference on July 31, 2014, we discussed the review results with Ron Ahlers, Finance Director, who agreed with the review results. Mr. Ahlers further agreed that a draft review report was not necessary and that the report could be issued as final. This report is solely for the infonnation and use of the City of Moorpark, the Successor Agency, the Oversight Board, and the SCO. It is not intended to be and should not be used by anyone other than these specified parties. This restriction is not intended to limit distribution of this report, which is a matter of public record when issued final. Original signed by JEFFREY V. BROWNFIELD, CPA Chief, Division of Audits December 17, 2014 -2- 166 Redevelopment Agency of the City of Moorpark Asset Transfer Review Finding and Order of the Controller FINDING- Unallowable asset transfers to the City of Moorpark The Redevelopment Agency of the City of Moorpark (RDA) made unallowable transfers totaling $812,004 to the City of Moorpark (City). The transfers occurred after January I, 2011, and the assets were not contractually committed to a third party prior to June 28, 2011. On January 17, 2011, the RDA transferred $334,000 in land (APN 512- 0-090-050) and $478,004 in associated land improvements totaling $812,004, to the City. The land and land improvements were subsequently included on the Long-Range Property Management Plan (LRPMP). Health and Safety (H&S) Code section 34167.5 states that any assets transferred by the RDA to a city, county, city and county, or any other public agency after January I, 2011, that were not contractually committed to a third party, must be returned to the Successor Agency for disposition in accordance with H&S Code sections 34177(d) and (e). Order of the Controller Pursuant to H&S Code section 34167 .5, the City is ordered to reverse the transfer of land and land improvements totaling $812,004 and tum over the assets to the Successor Agency. The Successor Agency currently is awaiting approval of the LRPMP. Upon approval by the Department of Finance, no further action on the $812,004 in unallowable transfers will be necessary. However, if the LRPMP is not approved, the Finding and Order of the Controller will remain as stated. -3- 167 Redevelopment Agency of the City of Moorpark Schedule 1- U nallowable Asset Transfers to the City of Moorpark Asset Transfer Review January 1, 2011, through January 31, 2012 Date January 17,2011 January 17, 2011 APN 512-0-090-050 512-0-090-050 Total unallowable transfers to the City of Moorpark -4- Description Land Land improvement $ $ 334,000 478,004 812,004 168 SIS-RDA-9006 State Controller's Office Division of Audits Post Office Box 942850 Sacramento, CA 94250-5874 http://www.sco.ca.gov 169