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HomeMy WebLinkAbout55A - RESOLUTION MEASURE MS YR END RPTREQUEST FOR COUNCIL ACTION ''??? _? ?._? r CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: DECEMBER 5, 2011 TITLE: RESOLUTION AFFIRMING THE ADOPTION OF MEASURE M2 YEAR- END EXPENDITURE REPORT i C ? c?,??? CITY MANAGER RECOMMENDED ACTION APPROVED Q As Recommended ? As Amended ? Ordinance on 'I? Reading ? Ordinance on 2ntl Reading Q Implementing Resolution Q Set Public Hearing For CONTINUED TO FILE NUMBER Adopt a resolution approving the Measure M2 Annual Expenditure Report and authorizing the City to submit to the Orange County Transportation Authority as required by Measure M2. DISCUSSION Each year local agencies are required to submit documentation to the Orange County Transportation Authority (OCTA) to obtain and remain eligible to receive Measure M2 Comprehensive Transportation Funding Programs (CTFP) Funds. Among these requirements, the City is required to submit ayear-end Expenditure Report. OCTA has requested a resolution that acknowledges Council's adoption of the Expenditure Report. The Expenditure Report is a detailed financial report submitted by each jurisdiction used to track financial activity as it relates to Renewed Measure M2 and other improvement funds. The report accounts for receipt, interest earned, and use of Measure M2 and other funds. This report is used to validate eligible use of funds and must be submitted within six months of the end of jurisdiction's fiscal year. FISCAL IMPACT Adoption of the resolution will enable the City to continue to receive approximately $3.8 million Measure M2 Fairshare funds each year and to be eligible for CTFP funding administered by the OCTA. APPROVED AS TO FUNDS AND ACCOUNTS: . ?? Raul Godinez II Francisco Gutierrez ??? Executive Director Executive Director Public Works Agency Finance & Management Services Agency Exhibit: 1. Resolution rJrJQ-? 55A-2 RESOLUTION NO. 2011- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA ADOPTING THE FY 2010/11 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. Orange County Local Transportation Authority Ordinance No. 3 requires local jurisdictions to adopt an annual Expenditure Report to account for Net Revenues, developer/traffic impact fees, and funds expended ley local jurisdictions which satisfy the Measure M2 Maintenance of Effort requirements. B. The Expenditure Report shall include all Net Revenue fund balances, interest earned and expenditures identified by type and program or project. C. The Expenditure Report must be adopted and submitted to the Orange County Transportation Authority each year within six months of the end of the City's fiscal year to be eligible to receive Net Revenues as part of Measure M2. Section 2: The City Council of the City of Santa Ana hereby finds that the FY 2010/11 Annual Expenditure Report is in conformance with the M2 Expenditure Report Template provided in the Renewed Measure M 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 City Council adopts the Annual Expenditure Report, and authorizes the Executive Director of the Public Works Agency, or his designee, to submit the Expenditure Report to the Orange County Transportation Authority. Page 1 of 2 55A-3 Section 4: This Resolution shall take effect immediately upon its adoption by the City Council, and the Clerk of the Council shall attest to and certify the vote adopting this Resolution. ADOPTED this day of 2011. Miguel A. Pulido Mayor APPROVED AS TO FORM: Joseph Straka, Interim City Attorney By: Laura Sheedy Assistant City Attorney AYES: Councilmembers NOES: Councilmembers ABSTAIN: Councilmembers NOT PRESENT: Councilmembers CERTIFICATE OF ORIGINALITY I, Maria D. Huizar, Clerk of the Council, do hereby certify the attached Resolution No. 201 1 - to be the original resolution adopted by the City Council of the City of Santa Ana on 201 1 . Date: Clerk of the Council City of Santa Ana Page 2 of 2 55A-4