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RESOLUTION NO. 2014- <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA ADOPTING THE FY 2013/14 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. Orange County Local Transportation Authority Ordinance No. 3 requires <br />local jurisdictions to adopt an annual Expenditure Report to account for <br />Net Revenues, developer /traffic impact fees, and funds expended by local <br />jurisdictions which satisfy the Measure M2 Maintenance of Effort <br />requirements. <br />B. The Expenditure Report shall include all Net Revenue fund balances, <br />interest earned and expenditures identified by type and program or <br />project. <br />C. The Expenditure Report must be adopted and submitted to the Orange <br />County Transportation Authority each year within six months of the end of <br />the City's fiscal year to be eligible to receive Net Revenues as part of <br />Measure M2. <br />Section 2: The City Council of the City of Santa Ana hereby finds that the <br />FY 2013/14 Annual Expenditure Report, attached hereto as Exhibit 1, is in <br />conformance with the M2 Expenditure Report Template provided in the Renewed <br />Measure M Eligibility Guidelines and accounts for Net Revenues including interest <br />earned, expenditures during the fiscal year and balances at the end of fiscal year. <br />Section 3: The City Council adopts the Annual Expenditure Report, and <br />directs the Executive Director of the Public Works Agency, or his designee, to submit <br />the Expenditure Report to the Orange County Transportation Authority. <br />Section 4: This Resolution shall take effect immediately upon its adoption <br />by the City Council, and the Clerk of the Council shall attest to and certify the vote <br />adopting this Resolution. <br />Page 1 of 2 <br />55C -3 <br />