Item 26 -Resolution Approving the Submission of the Fiscal Year 2023-24 Measure M2 Year-Expenditure Report

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Public Works Agency www.santa-ana.org/public-works Item # 26 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report December 17, 2024 TOPIC: OCTA Funding Program Eligibility Requirements AGENDA TITLE Resolution Approving the Submission of the Fiscal Year 2023-24 Measure M2 Year -End Expenditure Report RECOMMENDED ACTION Adopt a resolution approving the Measure M2 Annual Expenditure Report for Fiscal Year 2023-24 and authorize submission of the report to the Orange County Transportation Authority as required by Measure M2 Funding Eligibility Guidelines. RESOLUTION NO. 2024-XXX entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA CONCERNING THE MEASURE M2 EXPENDITURE V21as] :i2go] :aIaEel 111VK61 y_1►111/_T_1►/_1 GOVERNMENT CODE §84308 APPLIES: No DISCUSSION In November 1990, Orange County voters approved Measure M, a 20-year one -half - cent sales tax to fund transportation projects in Orange County. Sixteen years later, in November 2006, the voters again approved the Renewal of Measure M (M2) for an additional 30 years. Once becoming effective in April 2011, the net revenues generated by M2 contribute to two types of funding: Local Fair Share (LFS) and Competitive Grants. All Orange County cities are eligible for Competitive Grants and LFS funding which is distributed based on population, number of existing Master Plan of Arterial Highways centerline miles, and taxable sales. There are a total of 13 M2 eligibility requirements; fulfilling these requirements allows the City to continue to qualify for M2 funding in future years. Each year local agencies are required to submit documentation to the Orange County Transportation Authority (OCTA) that includes the End of Year Expenditure Report adopted via Resolution. The Expenditure Report (Exhibit 1) is a detailed financial document which is used to track and validate financial activity related to M2 Program