My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Item 34 - Adopt OCTA Funding Program Eligibility Requirements
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2022
>
12/20/2022 Special & Regular
>
Item 34 - Adopt OCTA Funding Program Eligibility Requirements
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/2/2024 2:11:31 PM
Creation date
8/11/2023 3:58:10 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
34
Date
12/20/2022
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
7
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Public Works Agency <br />www.santa-ana.org/pw <br />Item # 34 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />December 20, 2022 <br />TOPIC: Adopt OCTA Funding Program Eligibility Requirements <br />AGENDA TITLE <br />Resolution to Adopt and Approve for Submission of the Fiscal Year 2021-22 Measure M2 <br />Year -End Expenditure Report and Adopt the Measure M2 Seven Year CIP <br />RECOMMENDED ACTION <br />1. Adopt a Resolution approving the Measure M2 Annual Expenditure Report for Fiscal <br />Year 2020-21, and authorize submission of the report to the Orange County <br />Transportation Authority, as required by Measure M2 Funding Eligibility Guidelines. <br />2. Update the Measure M2 Seven Year CIP for Fiscal Years 2021-2022 through 2027- <br />2028. <br />DISCUSSION <br />In November 1990, Orange County voters approved Measure M, a 20-year one -half -cent <br />sales tax to fund transportation projects in Orange County. Sixteen years later, in <br />November 2006, the voters again approved the Renewal of Measure M, referred to as <br />M2, for an additional thirty years. M2 became effective in April 2011, and the net revenues <br />generated by M2 contribute to two types of grant funding: Local Fair Share (LFS) and <br />Competitive. All Orange County cities are eligible for LFS funding which is distributed <br />based on population, number of existing Master Plan of Arterial Highways centerline <br />miles, and taxable sales. Under the competitive component of M2 funding, cities must <br />compete and demonstrate support of regional transportation to successfully qualify for <br />grant monies. Fulfilling M2 eligibility requirements also allows the City to qualify for other <br />regional competitive OC Go M2 grant funding opportunities. <br />Each year local agencies are required to submit documentation to the Orange County <br />Transportation Authority (OCTA) that includes the End of Year Expenditure Report <br />adopted via Resolution. The Expenditure Report is a detailed financial document <br />submitted by each jurisdiction which is used to track and validate financial activity related <br />to the Renewed Measure M2 and other improvement funds. The report accounts for <br />receipt, interest earned, and use of Measure M2 and other funds while delineating the <br />distribution of actual revenue and expenditures consistent with Maintenance of Effort <br />requirements. Adoption of the Measure M2 Annual Expenditure Report by Resolution <br />
The URL can be used to link to this page
Your browser does not support the video tag.