SR - RES-11041 - M2 EXPENDITURE REPORT FISCAL YEAR ENDED JUNE 30 2017
1. SUBJECT
Resolution 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
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. 11041
4. FISCAL IMPACT
Adopting Resolution No. 11041 will allow the City to receive Measure M2 funding for
transportation projects.
5. STRATEGIC PLAN GOAL(S)
2a. Be a fiscally healthy community — Provide appropriate reserves.
6. GENERAL PLAN IMPLEMENTATION
Not applicable.
7. DISCUSSION and BACKGROUND
In fiscal year 2016 -17, the City received $2,739,812 in M2 Fairshare funding and $990,719 in
other M2 funding, which includes funding for Comprehensive Transportation, Senior Mobility
and Water Quality. The City is required to complete the attached M2 Expenditure Report and
submit to OCTA for compliance tracking and reporting on an annual basis.
8. ATTACHMENTS
Resolution No. 11041
City of Orange M2 Expenditure Report for the Fiscal Year Ended June 30, 2017
ITEM 2 11/14/17
RESOLUTION 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;
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, 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 day of , 2017
Teresa E. Smith, Mayor, City of Orange