Prior Period Adjustments
In accordance with HSC section 34186 (a), successor agencies are required to report differences between actual payments and past estimated obligations. Reported differences in Redevelopment Property Tax Trust Fund (RPTTF) are used to offset current RPTTF distributions. This adjustment is known as the Prior Period Adjustment (PPA).
Pursuant to HSC section 34186 (c), successor agencies are required to submit their PPA form to the County Auditor-Controller (CAC) for review by October 1. The PPA form is separate and distinct from the Recognized Obligation Payment Schedule (ROPS) template. A successor agency's prepopulated PPA reporting form can be accessed from the Redevelopment Agency Dissolution Application (RAD App) and does not require Oversight Board approval prior to submission to the CAC.
Successor Agency Instructions
- SA PPA Instructions (Coming Soon)
- SA PPA RAD App Instructions (Coming Soon)
The CAC’s review of a successor agency's PPA is required to be submitted to Finance through the RAD App by February 1.
- CAC PPA Guidelines (Coming Soon)
- CAC RAD App Instructions (Coming Soon)
Frequently Asked Questions
- PPA FAQ (Coming Soon)
Webpage last updated July 10, 2019