HomeMy WebLinkAbout2024-077 - Measure M2 Expenditue ReportRESOLUTION NO. 2024-077
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
2023/24 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 City of Santa Ana Finance Director is hereby authorized to sign
and submit the M2 Expenditure Report to OCTA for the fiscal year ending June 30, 2024.
Section 5. This Resolution shall take effect immediately upon its adoption by the
City Council, and the City Clerk shall attest to and certify the vote adopting this Resolution.
Resolution No. 2024-077
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ADOPTED this 17th day of December, 2024.
APPROVED AS TO FORM:
Sonia R. Carvalho, City Attorney
By: Jmv, A
Jonathan T. Martinez
,(?jq1 Assistant City Attorney
AYES: Councilmembers Amezcua, Bacerra, Hernandez, Lopez,
Penaloza Phan 6
NOES: Councilmembers None 0
ABSTAIN: Councilmembers None 0
ABSENT: Councilmembers Vaz uez 1
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, JENNIFER L. HALL, City Clerk, do hereby attest to and certify the attached
Resolution No. 2024-077 to be the original resolution adopted by the City Council of the
City of Santa Ana on December 17, 2024.
Date:b�
nnife
City of S�rM-a Ana
Resolution No. 2024-077
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