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2021-076 - Concerning the Measure M2 Expenditure Report
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2021-076 - Concerning the Measure M2 Expenditure Report
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Last modified
12/13/2021 1:01:53 PM
Creation date
12/13/2021 1:01:26 PM
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City Clerk
Doc Type
Resolution
Agency
Clerk of the Council
Doc #
2021-076
Item #
30
Date
12/7/2021
Destruction Year
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RESOLUTION NO. 2021-076 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA CONCERNING THE MEASURE M2 <br />EXPENDITURE REPORT FOR THE CITY OF SANTA ANA <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />AS FOLLOWS: <br />Section 1. The City Council of the City of Santa Ana hereby finds, determines <br />and declares as follows: <br />A. Local jurisdictions are required to meet eligibility requirements and submit <br />eligibility verification packages to the Orange County Transportation <br />Authority (OCTA) in order to remain eligible to receive M2 funds. <br />B. Local jurisdictions are required to adopt an annual M2 Expenditure Report <br />as part of one of the eligibility requirements. <br />C. Local jurisdictions are required to account for Net Revenues, <br />developer/traffic impact fees, and funds expended by the local jurisdiction <br />in the M2 Expenditure Report that satisfy the Maintenance of Effort <br />requirements. <br />D. The M2 Expenditure Report shall include all Net Revenue fund balances, <br />interest earned, and expenditures identified by type and program or project. <br />E. The M2 Expenditure Report must be adopted and submitted to the OCTA <br />each year within six months of the end of the local jurisdiction's fiscal year <br />to be eligible to receive Net Revenues as part of M2. <br />Section 2. The City Council of the City of Santa Ana hereby finds that the <br />FY 2020/21 Measure M2 Expenditure Report is in conformance with the template <br />provided in the Measure M2 Eligibility Guidelines and accounts for Net Revenues <br />including interest earned, expenditures during the fiscal year, and balances at the end <br />of fiscal year. <br />Section 3. The M2 Expenditure Report is hereby adopted by the City of <br />Santa Ana. <br />Section 4. The Finance Director of the City of Santa Ana is hereby <br />authorized to sign and submit the Measure M2 Expenditure Report to OCTA for the <br />fiscal year 2020/21. <br />Resolution No. 2021-076 <br />Page 1 of 2 <br />
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