| | | | | | | | Agenda Item - 4.d.
City of Garden Grove
INTER-DEPARTMENT MEMORANDUM
| To: | Scott C. Stiles
| From: | William E. Murray
| | Dept.: | City Manager
| Dept.: | Public Works
| | Subject: | Adoption of a Resolution adopting the Fiscal Year 2017-18 Measure M2 Annual Expenditure Report. (Action Item) | Date: | 11/27/2018 |
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| | | | | | | | OBJECTIVE
For the City Council to adopt a Resolution adopting the Fiscal Year 2017-18 Measure M2 Annual Expenditure Report as required by the Local Transportation Authority Ordinance Number Three (3). |
| | | | | | | | BACKGROUND
In November 2006, Orange County voters approved a thirty-year renewal of the Measure M Program in order to meet regional growth and continue the investment in the County’s infrastructure. As in prior years, each local agency is required to submit approved documentation to the Orange County Transportation Authority (OCTA) to maintain Measure M2 eligibility for Local Fair Share appropriations and competitive grant funding. |
| | | | | | | | DISCUSSION
Per Local Transportation Authority Ordinance Number Three (3), local jurisdictions are required to adopt an Annual Expenditure Report to account for beginning/ending balances, Local Fair Share distributions, transportation facilities fees, and Maintenance of Effort expenditures. The Expenditure Report has been prepared by the Finance Department and has been signed and certified by the Accounting Division Manager |
| | | | | | | | FINANCIAL IMPACT
There is no impact to the General Fund. The attached report is necessary to receive Measure M2 revenues and competitive grant funding. |
| | | | | | | | RECOMMENDATION
It is recommended that the City Council:
- Adopt the attached Resolution adopting the Fiscal Year 2017-18 Measure M2 Annual Expenditure Report; and
- Authorize the Accounting Division Manager to submit the Measure M2 Annual Expenditure Report to the Orange County Transportation Authority.
By: Ana V. Neal, Sr. Administrative Analyst
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