RES-10694 M2 Expenditure Report MeasurementRESOLUTION NO. 10694
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ORANGE CONCERNING THE
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 ifentified 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
jurisdiciton'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 is in conformance with the M2 Expenditure Report
Template provide in the Renewed Measure M Eligibility Guidelines and 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 l I day of December, 2012
Teresa t. Smith, Nfayor, City of Orange
ATTEST:
L
Mary E. ity Clerk range
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 11 day of December, 2012, by the
following vote:
AYES: COUNCIL MEMBERS: Alvarez, Whitaker, Smith, Bilodeau, Murphy
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
Mary E. ,City Clerk, C ange
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