The format of the Recognized Obligation Payment Schedule (ROPS) is prescribed by forms provided by the California State Department of Finance (DOF). Successor Agencies are required by state law to post the ROPS on their website prior to approval. A ROPS is considered a draft until a determination letter has been provided by the DOF.
It is the combination of the ROPS approved by the Oversight Board and the DOF final determination letter that composes the “Final ROPS”. Those letters are made available for each ROPS posted. The ROPS A period includes the months from July 1 to December 31. The ROPS B period includes the months from January 1 to June 30.
Approval of the ROPS will ultimately result in an allocation of Redevelopment Property Tax Trust Fund (RPTTF) monies to the Successor Agency. The amount of funds to be received is not known until the Los Angeles County Tax Collector completes its collection of property taxes for that period. When ROPS expenditures exceed the amount of RPTTF monies available, unfunded obligations are carried over to the next ROPS period. If enforceable obligations are lower than the available RPTTF monies, the remaining funds are distributed among the local taxing entities.