SR - RES-10830 - M2 EXPENDITURE REPORT� pF 0
G ~�S.a`� PO '
a.
Zy, a
ro�. c
AGENDA ITEM
November 25, 2014
TO: Honorable Mayor and
Members of the City Council
THRU: John W. Sibley
City Manager
FROM: William M. F'nance Director
ReviewedNerified By:
City Manager
Finance Direct r
To Be Presente
William M. Kolbow
X Cons Calendar _
City Mgr Rpts
Council Reports
Legal Affairs
Boards /Cmtes
Public Hrgs
Admin Reports
Plan /Environ
1. SUBJECT
Approve Resolution No. 10830 informing the Orange County Transportation Authority (OCTA)
that the City's M2 Expenditure Report is in conformance with the Renewed Measure M
Eligibility Guidelines
2. SUMMARY
OCTA has created new forms for tracking M2 expenditures and net revenues that all public
agencies must use in order to be in compliance with the Renewed Measure M Eligibility
Guidelines.
3. RECOMMENDED ACTION
Approve Resolution No. 10830
4. FISCAL IMPACT
Adopting Resolution No. 10830 will allow the City to receive Measure M2 funding for
transportation projects.
5. STRATEGIC PLAN
1. Be fiscally healthy community. 2. Provide appropriate reserves.
6. GENERAL PLAN IMPLEMENTATION
N/A
7. DISCUSSION and BACKGROUND
In fiscal year 2013 -14, the City received $2,450,912 in M2 Fairshare funding and $789,430 in
other M2 funding. The City is required to complete the attached M2 Expenditure Report and
submit to OCTA for compliance tracking and reporting on an annual basis.
ITEM 1 11/25/14
8. ATTACHMENTS
Resolution No. 10830
City of Orange M2 Expenditure Report for the Fiscal Year Ended June 30, 2014.
ITEM 2 11/25/14
RESOLUTION 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 day of 1 2014
Teresa E. Smith, Mayor, City of Orange
ATTEST: