RES-10898 M2 Expenditure Report 2015RESOLUTION NO. 10898
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE CONCERNING THE FISCAL YEAR
ENDED JUNE 30, 2015 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 New Revenues, developer /traffic impact
fees, and funds expended by local jurisdictions which satisfy the Maintenance of Effort
Requirements; and
WHEREAS, the Expenditure Report shall include all New 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 New 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, 2015 is in conformance
with the M2 Expenditure Report Template provided in the Renewed Measure M
Eligibility Guidelines, and properly accounts for New Revenues including interest
earned, expenditures during the fiscal year, and balances at the end of the fiscal year.
2. The M2 Expenditure Report is hereby adopted for the City of Orange.
ADOPTED this I01 day of November, 2015.
Teres E. Smith, Mayor, City of Orange
ATTEST:
Mary E. y Clerk, City o ge
I, MARY E MURHY, City Clerk of the City 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 10 day of November, 2015, by the following
vote:
AYES:COUNCILMEMBERS:Alvarez, Whitaker, Smith, Murphy, Nichols
NOES:COUNCILMEMBERS:None
ABSENT:COUNCILMEMBERS:None
ABSTAIN:COUNCILMEMBERS:None
Mary E. rp ity Clerk, City O nge
Resolution No. 10898 2