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Resolution to Approve Measure M2 Expenditure Report <br />December 20, 2022 <br />Page 2 <br />(Exhibit 1) is a required reporting element that must be submitted within six months of the <br />jurisdiction's fiscal year end. <br />Approval of the second Recommended Action will update the OCTA Measure M2 7-Year <br />CIP Report (Exhibit 2) to include Measure M funded projects that were awarded during <br />prior funding cycles, but have active project expenditures that are being carried forward <br />for future audit compliance. <br />Staff recommends that the City Council approve both Recommended Actions to continue <br />with the flow of M2 project funding, while maximizing grant compliance under the grant <br />eligibility requirements presented. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with the action. <br />FISCAL IMPACT <br />Approval of the Recommended Action will maintain the City's eligibility to receive Measure <br />M2 funds annually. Upon renewal of Measure M2 eligibility, the City of Santa Ana is <br />anticipated to receive an estimated $5.76 million in LFS funds and potentially over $30 <br />million in M2 competitive grant funds for Fiscal Year 2022-23. In the past, the City has <br />received an average exceeding $8 million dollars annually from M2 LFS revenue and <br />competitive fund program allocations combined. If the Recommended Actions are not <br />approved, the City will lose Measure M2 LFS revenue, along with the ability to apply for <br />and receive future OCTA Comprehensive Transportation Funding Program competitive <br />grant funds. <br />EXHIBIT(S) <br />1. Resolution — M2 Year -End Expenditure Report <br />2. Updated Measure M2 Seven Year CIP <br />Submitted By: Nabil Saba, P.E., Executive Director — Public Works Agency <br />Approved By: Kristine Ridge, City Manager <br />City Council 34 — 2 12/20/2022 <br />