RES-10830 M2 Expenditure Report Measurement 2014RESOLUTION NO. 10830
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ORANGE CONCERNING THE
FISCAL YEAR ENDED JUNE 30, 2014
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.; and
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, 2014 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 25" day of November, 2014
Teresa E.' Smith, Mayor, City of Orange
ATTEST:
Mary E. a y, City Cler 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 25 day of
November, 2014, by the following vote:
AYES:COUNCILMEMBERS:
NOES:COUNCILMEMBERS:
ABSENT:COUNCILMEMBERS:
ABSTAIN:COUNCILMEMBERS:
Alvarez, Whitaker, Smith, Murphy, Bilodeau
None
None
None
Mary E. , City Clerk, Ci Orange