Prior Period Adjustments

Webpage last updated July 31, 2019

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) through the Redevelopment Agency Dissolution Application (RAD App) by October 1. The PPA Form is separate and distinct from the Recognized Obligation Payment Schedule (ROPS) template and does not require Oversiight Board approval prior to submission.

The CACs are also requred to use the RAD App to review and submit the PPA Form to Finance by February 1.

Successor Agency Instructions

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 Instructions

Frequently Asked Questions