HomeMy WebLinkAbout2020-104 - Measure M2 Expenditure Reportjmf11/24/20
RESOLUTION NO. 2020-104
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA CONCERNING THE MEASURE M2
EXPENDITURE REPORT FOR THE CITY OF SANTA ANA
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA
AS FOLLOWS:
Section 1. The City Council of the City of Santa Ana hereby finds, determines
and declares as follows:
A. Local jurisdictions are required to meet eligibility requirements and submit
eligibility verification packages to the Orange County Transportation Authority
(OCTA) in order to remain eligible to receive M2 funds.
B. Local jurisdictions are required to adopt an annual M2 Expenditure Report as
part of one of the eligibility requirements.
C. Local jurisdictions are required to account for Net Revenues, developer/traffic
impact fees, and funds expended by local jurisdiction in the M2 Expenditure
Report that satisfy the Maintenance of Effort requirements.
D. The M2 Expenditure Report shall include all Net Revenue fund balances,
interest earned, and expenditures identified by type and program or project.
E. The M2 Expenditure Report must be adopted and submitted to the OCTA each
year within six months of the end of the local jurisdiction's fiscal year to be
eligible to receive Net Revenues as part of M2.
Section 2. The City Council of the City of Santa Ana hereby finds that the FY
2019/20 Measure M2 Expenditure Report is in conformance with the template provided
in the Measure M2 Eligibility Guidelines and accounts for Net Revenues including interest
earned, expenditures during the fiscal year, and balances at the end of fiscal year.
Section 3. The M2 Expenditure Report is hereby adopted by the City of Santa
Ana.
Section 4. The Finance Director of the City of Santa Ana is hereby authorized
to sign and submit the Measure M2 Expenditure Report to OCTA for the fiscal year
2019/20.
Resolution No. 2020-104
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