RESOLUTION NO. 2025-
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ANAHEIM ADOPTING THE
MEASURE M 2 EXPENDITURE REPORT AND
AUTHORIZING THE CITY OF ANAHEIM
FINANCE DIRECTOR TO SIGN AND SUBMIT
THE EXPENDITURE REPORT TO THE
ORANGE COUNTY TRANSPORTATION
AUTHORITY ON BEHAL F OF THE CITY OF
ANAHEIM.
WHEREAS, Orange County Transportation Authority (“OCTA”) Local Transportation Authority Ordinance No. 3, requires local jurisdictions to meet eligibility requirements and submit eligibility verification packages to OCTA in order to remain eligible to receive M2 funds.
WHEREAS, local jurisdictions are required to adopt an annual M2 Expenditure Report as part of one of the eligibility requirements.
WHEREAS, local jurisdictions are required to account for Net Reve nues, developer/traffic impact fees, and funds expended by local jurisdiction in the Expenditure Report that satisfy the Maintenance of Effort requirements; and
WHEREAS, the Expenditure Report shall include all Net Revenue fund balances, interest earned and expenditures identified by type and program or project; and
WHEREAS, the Expenditure Report must be adopted and submitted to OCTA each year within six months of the e nd of the local jurisdiction’s fiscal year to be eligible to receive Net Revenues as part of M2.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that:
a) The 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.
b) The M2 Expenditure Report is hereby adopted by the City of Anaheim.
c) The City of Anaheim Finance Director is hereby authorized and directed to sign and submit the M2 Expenditure Report to OCTA on behalf of the City of Anaheim for the fiscal year ending June 30, 2025.
THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this ____________day of ____________, 2025, by the following roll call vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
CITY OF ANAHEIM
MAYOR OF THE CITY OF ANAHEIM
ATTEST:
______________________________________
CITY CLERK OF THE CITY OF ANAHEIM
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