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RES-11121 M2 Expenditure Report MeasurementRESOLUTION NO.11121 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE CONCERNING THE FISCAL YEAR ENDED JUNE 30, 2018 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, 2018 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 13th day of November 2018. Ya4e"C" - f eresa E. Smith, Mayor, City of Orange ATTEST: Robert Zorn o, Chief Clerk, City of Orange STATE OF CALIFORNIA COUNTY OF ORANGE CITY OF ORANGE I, ROBERT ZORNADO, Chief 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 therefore held on the 13th day of November 2018, by the following vote: AYES: COUNCILMEMBERS: Alvarez, Whitaker, Smith, Murphy, Nichols NOES: COUNCILMEMBERS: None ABSTAIN: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None aJI Robert Zo ado, Chief Clerk, City of Orange Resolution No. 11121 2