Approval of a Resolution Adopting the 2024-25 Measure M2 Expenditure Report December 2, 2025
ALTERNATIVES:
Alternative No. 1: Approve the Resolution and Measure M2 Expenditure Report.
Alternative No. 2: There are no viable alternatives.
RECOMMENDATION:
Staff recommends approval of the Resolution and filing of the annual Measure M2 Expenditure Report to OCTA.
Prepared by: Robin Harnish, Finance Manager
Reviewed by: Ryan Smith, Director of Finance/Treasurer
Approved by: Maggie Le, City Manager
Attachment 1: Resolution
Attachment 2: Measure M2 Expenditure Report
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FOUNTAIN VALLEY CONCERNING THE MEASURE M2 (M2) EXPENDITURE
REPORT FOR THE CITY OF FOUNTAIN FALLEY
WHEREAS, 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; and WHEREAS, local jurisdictions are required to adopt an annual M2 Expenditure Report as part of one of the eligibility requirements; and WHEREAS, 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; and WHEREAS, the M2 Expenditure Report shall include all Net Revenue fund balances, interest earned, and expenditures identified by type and program or project; and
WHEREAS, 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.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Fountain Valley does hereby inform OCTA 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 the fiscal year.
b) The M2 Expenditure Report is hereby adopted by the City of Fountain Valley. c) The City of Fountain Valley Finance Director is hereby authorized to sign and submit the M2 Expenditure Report to OCTA for the fiscal year ending June 30, 2025.
PASSED, APPROVED, AND ADOPTED by the City Council of the City of Fountain Valley at a regular meeting this 2nd day of December 2025. ________________________________
Ted Bui, Mayor
ATTEST:
_______________________________
Rick Miller, City Clerk
APPROVED AS TO FORM:
Harper & Burns LLP
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Attorneys for the City