RES-11041 M2 Expenditure Report 2017RESOLUTION NO. 11041
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE CONCERNING THE FISCAL YEAR
ENDED JUNE 30, 2017 MEASURE M2 EXPENDITURE
REPORT FOR THE CITY OF ORANGE.
WHEREAS, Local Transportation Authority Ordinance No. 3 requires local jurisdictions to
adopt an annual Expenditure Report to account for Net Revenues, developer /traffic impact fees, and
funds expended by local jurisdiction which satisfy the Maintenance of Effort Requirements; and
WHEREAS, the Expenditure Report shall include all Net Revenue fund balances, interest
earned and expenditures identified by type and program or project; and
WHEREAS, the Expenditure Report must be adopted and submitted to the Orange County
Transportation Authority ( "OCTA ") each year within six months of the end of the local jurisdiction's
fiscal year to be eligible to receive Net Revenues as part of Measure M2.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Orange
does hereby inform OCTA that:
1. The M2 Expenditure Report for the fiscal year ended June 30, 2017 is in conformance
with the M2 Expenditure Report Template provided in the Renewed Measure M Eligibility
Guidelines, and properly accounts for Net Revenues including interest earned, expenditures during
the fiscal year, and balances at the end of fiscal year.
2. The M2 Expenditure Report is hereby adopted for the City of Orange.
ADOPTED this 14 day of November 2017.
fret -P.-
Tere a E. Smith, Mayor, City of Orange
ATTEST:
fJ
Mary E. rp , ity Clerk, rty e
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF ORANGE
I MARY E. MURPHY, City Clerk of the City of Orange, California do hereby certify that
the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange
at a regular meeting thereof held on the 14 day of November 2017, by the following vote:
AYES: COUNCILMEMBERS: Whitaker, Smith, Murphy, Nichols
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Alvarez
ABSTAIN: COUNCILMEMBERS: None
Mary E. ,`City Clerk, City o Orange
Resolution No. 11041 2