TO: Honorable Mayor and Members of the City Council
THRU: Rick Otto, City Manager
FROM: Will Kolbow, Assistant City Manager/Administrative Services Director
1. Subject
title
Adoption of Fiscal Year Ended June 30, 2020, Measure M2 Expenditure Report. Resolution No. 11286.
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2. Summary
OCTA requires forms for tracking M2 expenditures and net revenues that all public agencies must use in order to be in compliance with the Renewed Measure M Eligibility Guidelines.
3. Recommended Action
recommendation
Adopt Resolution No. 11286. A Resolution of the City Council of the City of Orange concerning the Fiscal Year Ended June 30, 2020, Measure M2 Expenditure Report.
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4. Fiscal Impact
Adopting Resolution No. 11286 will allow the City to receive Measure M2 funding for transportation projects.
5. Strategic Plan Goals
Goal 2: Be a fiscally healthy community
c. Provide appropriate reserves.
6. Discussion and Background
In Fiscal Year 2019-2020, the City received $2,978,039 in M2 Fairshare funding and $1,605,045 in other M2 funding, which includes funding for Comprehensive Transportation and Senior Mobility. The City is required to complete the attached M2 Expenditure Report and submit to the Orange County Transportation Authority for compliance tracking and reporting on an annual basis.
7. ATTACHMENTS
• Resolution No. 11286
• City of Orange M2 Expenditure Report for the Fiscal Year Ended June 30, 2020