HomeMy WebLinkAbout2012-103 - Measure M2 Expenditure Report for the City of Newport BeachRESOLUTION NO. 2012 -103
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH CONCERNING THE MEASURE M2
EXPENDITURE REPORT FOR THE CITY OF NEWPORT
BEACH
WHEREAS, 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 by local jurisdiction which 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 the
Orange County Transportation Authority ( "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
Measure M2.
NOW, THEREFORE, the City Council of the City of Newport Beach resolves as
follows;
Section 1: The City Council informs OCTA that:
a) The M2 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.
b) The M2 Expenditure Report, which is attached hereto and incorporated by
reference, is hereby adopted for the City of Newport Beach.
Section 2: The City Council find this action is not subject to the California
Environmental Quality Act ( "CEQA ") pursuant to Sections 15060(c)(2) (the activity will
not result in a direct or reasonably foreseeable indirect physical change in the
environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378)
of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it
has no potential for resulting in physical change to the environment, directly or
indirectly.
Section 3: This resolution shall take effect immediately upon its adoption by
the City Council, and the City Clerk shall certify the vote adopting the resolution.
ADOPTED this 27th day of November 2012.
Nancy Gard#i Jr
Mayor
ATTEST:
Leilani Brown
City Clerk
Attachment: M2 Expenditure Report
City of Newport Beach
M2 Expenditure Report
Fiscal Year Ended June 30, 2012
Beginning and Ending Balances
Description
Line
Amount
No.
Balances at Beginning of Fiscal Year
WENEWMEM
M2 Fairshare
1
$
96,124
M2 Fairshare Interest
2
$
-
M2 CTFP
3
$
M2 CTFP Interest
4
$
-.
Other M2 Funding
5
$
Other M2 Interest
6
$
-
Other*
7
$
Balances at Beginning of Fiscal Year (sum Lines 1 to 7)
8
$
96,124
Monies Made Available During Fiscal Year
9
$
1,563,355
Total Monies Available (Sum Lines 8 & 9)
10
$
1,659,479
Expenditures During Fiscal Year
11
$
111,401
Balances at End of Fiscal Year
11M
IRIMENIM
M2 Fairshare
12
$
1,529,647
M2 Fairshare Interest
13
$
18,431
M2 CTFP
14
$
-
M2 CTFP Interest
15
$
-
Other M2 Funding
16
$
-
Other M2 Interest
17
$
Other*
18
$
-
* Please provide a specific description
CTFP - Combined Transportation Funding Program
Schedules
City of Newport Beach
M2 Expenditure Report
Fiscal Year Ended June 30, 2012
Sources and Uses
Description Lme Amount '
M2 Fairshare
M2 Fairshare interest
M2 CTFP
M2 CTFP Interest
Other M2 Funding
Other M2 Interest
1
$
1,433,523
2
$
18,431
3
$
M2 CTFP
4
$
........110,336
5
$
12
6
$
1,065
7
5
_..
M2 Fairshare
9
$ -
M2 Fairshare Interest
10
$ -
M2 CTFP
11
$ -
M2 CTFP Interest
12
$
Other M2 Funding
13
$ ...110,336
Other M2 Interest
14
$ 1,065
'TOTAL BALANCE (Subtract line 16 from 8) ( 17 1 $ 1,451,954
* Please provide a specific description
Schedule 2
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City of Newport Beach
M2 Expenditure Report
Fiscal Year Ended June 30, 2012
Fairshare Project List
PROJECT NAME
AMOUNT EXPENDED
No projects for Fiscal Year 2012
$
$
Schedule 4
City of Newport Beach
I certify that all the information attached herein is true and accurate to the best of my knowledge:
of
STATE OF CALIFORNIA }
COUNTY OF ORANGE } ss.
CITY OF NEWPORT BEACH }
I, Leilani I. Brown, City Clerk of the City of Newport Beach, California, do hereby certify that the
whole number of members of the City Council is seven; that the foregoing resolution, being Resolution
No. 2012 -103 was duly and regularly introduced before and adopted by the City Council of said City at a
regular meeting of said Council, duly and regularly held on the 27`h day of November, 2012, and that the
same was so passed and adopted by the following vote, to wit:
Ayes: Hill, Curry, Selich, Henn, Daigle, Mayor Gardner
Absent: Rosansky
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of
said City this 28th day of November, 2012.
xk� 'bwk--�
City Clerk
Newport Beach, California
(Seal)