RES-10621 M2 Expenditure Report MeasurementRESOLUTION NO. 10621
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 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 is in conformance with the M2 Expenditure Report
Template provided 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 13 day of December, 2011
ATTEST:
Mary E. urph , ity Clerk, C 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 13' day of December, 2011, by
the following vote:
AYES: COUNCILMEMBERS: Whitaker, Smith, Cavecche, Dumitru, Bilodeau
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
ABSTAIN: COUNCILMEMBERS: None
Mary u hy, City Clerk, 1 Orange
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