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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />DECEMBER 16, 2013 <br />TITLE: <br />RESOLUTION AFFIRMING ADOPTION <br />OF THE MEASURE M2 YEAR -END <br />EXPENDITURE REPORT <br />/ <br />CITY MAN4MR <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />.. .* Ill <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1" Reading <br />❑ Ordinance on 2 "d Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Adopt a resolution approving the Measure M2 Annual Expenditure Report and direct the Executive <br />Director of the Public Works Agency to submit it to the Orange County Transportation Authority as <br />required by Measure M2. <br />DISCUSSION <br />The recommended action will allow the City to continue receiving Measure M2 Comprehensive <br />Transportation Funding Programs (CTFP) Funds. Each year local agencies are required to submit <br />documentation to OCTA which includes a year -end expenditure report along with a resolution <br />which approves the report to the Orange County Transportation Authority (OCTA). <br />The expenditure report is attached to the resolution (Exhibit 1), and it is a detailed financial <br />document submitted by each jurisdiction and is used to track financial activity as it relates to <br />Renewed Measure M2 and other improvement funds. The report accounts for receipt, interest <br />earned, and the use of Measure M2 and other funds. This report helps to validate eligible use of <br />funds and must be submitted within six months of the jurisdiction's fiscal year end. The report will <br />allow the City to continue receiving approximately $4 million in Measure M2 Fairshare funds each <br />year, and adoption of the resolution is a required reporting element. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />55A -1 <br />