Ccdc: What Does it Develop and with Whose Money?

Published: June 02, 2008 13 pages

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⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.

Findings 5 findings

F01

Since CCDC is authorizing the expenditure of public Redevelopment Agency funds for contracted services, there should be more oversight by the Redevelopment Agency.

F02

The lack of current audited financial statements opens the Redevelopment Agency to law suits and fines and hinders public oversight of revenues collected and expended, indebtedness and allocations for low and moderate income housing. Fact: The Redevelopment Agency owes the City approximately $250 million in loan repayments.

F03

There is no timetable for repayment of these loans to the City.

F04

This misrepresentation has sometimes misled the public and the media as to the true role of CCDC as an agent, planner and project manager for the Redevelopment Agency.

F05

A single tiered Redevelopment Agency for all 17 project areas can be operated with greater efficiency than the present three-tiered model.

Recommendations 6

08-116
Page 1

Establish a dollar threshold over which any sole source contract, especially for
08-117
Page 1

Take steps to insure the timely submission of the Fiscal Year 2007/2008
08-118
Page 1

Direct staff of the three component entities of the Redevelopment Agency to
08-119
Page 1

Identify the true funding mechanism for every approved project at the time of
08-120
Page 1

Notify the Centre City Development Corporation to identify the true funding
08-121
Page 1

Direct City Redevelopment Division staff now working on reorganizing

Agency Responses 1

Government agencies' official responses to this report's findings and recommendations. Click on a response to see the structured breakdown.

City of San Diego

September 19, 2008 • 16 pages • 5 responses • Score: 0 (+0, 4, 0) View Details ▾

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5 responses to findings and recommendations

08-116

Establish a dollar threshold over which any sole source contract, especially for

Response: Implemented

Score: 0

The recommendation has been partially implemented through existing procedures. The City, through the City Auditor, is performing audits of the City redevelopment corporations (CCDC and SEDC). The City Auditor will review and make further procedural recommendations and safeguards beyond those described below. Currently, the Agency approves both the corporations administrative and Agency project budgets. The corporations have operating agreements with the Agency to perform certain services including the retention of consultants. The following cites CCDC policies and procedures relating to these ...

08-118

Direct staff of the three component entities of the Redevelopment Agency to

Response: Implemented

Scheduled: fiscal year 2005 Score: 0

The recommendation has been implemented in part. The debts of the Agency are accounted ,for by the City Comptroller. A detailed listing of the principal and interest balances owed by each project area is updated each fiscal year. The detailed listing includes the fund from which the monies were borrowed. Beginning in fiscal year 2005, a schedule summarizing the changes to principal and interest balances owed by the Agency to the City of San Diego has been included in the Agency's audited financial statements. In addition, a summary of the debt by project area and category is provided on the A...

08-119

Identify the true funding mechanism for every approved project at the time of

Response: Implemented

Score: 0

The recommendation has been implemented. Per existing policies and procedures, Reports to the City Council and/or Redevelopment Agency, associated Council and/or Agency resolutions and routing approval forms include information as to the source of funds for every project and activity under consideratjon. All of these documents are available to the public.

08-120

Notify the Centre City Development Corporation to identify the true funding

Response: Unknown

Score: 0

The recommendation is being implemented. Beyond the procedures discussed in

08-121

Direct City Redevelopment Division staff now working on reorganizing

Response: Requires Analysis

Score: 0

The recommendation requires further analysis to determine if it is warranted. In April, the Redevelopment Agency directed the City Redevelopment Division staff to further explore and bring for Agency consideration, the components and costs of an Agency-Employee structure as compared to the current contract with the City of San Diego for staff and administrative services. The many tasks involved in this process are currently underway. Staff was also directed to return to Agency and report on the status of these tasks, the next update is anticipated to occur in October. Consolidating the three-...