HomeMy WebLinkAbout2023-79 - Concerning the Measure M2 Expenditure Report for the City of Newport Beach for the Fiscal Year Ending June 30, 2023RESOLUTION NO. 2023-79
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH, CALIFORNIA, CONCERNING
THE MEASURE M2 EXPENDITURE REPORT FOR THE
CITY OF NEWPORT BEACH FOR THE FISCAL YEAR
ENDING JUNE 30, 2023
WHEREAS, local jurisdictions are required to meet eligibility requirements and
submit eligibility verification packages to the Orange County Transportation Authority
("OCTA") to remain eligible to receive Measure M2 ("M2") funds;
WHEREAS, local jurisdictions are required to adopt an annual expenditure
report as part of the eligibility requirements ("Expenditure Report"), which Expenditure
Report is attached hereto as Exhibit A and incorporated herein by reference;
WHEREAS, local jurisdictions are required to account for developer/traffic
impact fees, and funds expended by the local jurisdiction in the Expenditure Report that
satisfy OCTA's Maintenance of Effort requirements;
WHEREAS, local jurisdictions are also required to account for Net Revenues in
such Expenditure Report, which is defined by OCTA as "[a]II of the gross revenues
generated from the transactions and use tax plus any interest or other earnings thereon
(collectively, "Revenues"), after the deduction for: (i) amounts payable to the State
Board of Equalization for the performance of functions incidental to the administration
and operation of the Ordinance, (ii) costs for the administration of the Ordinance as
provided herein, (iii) two percent (2%) of the Revenues annually allocated for
Environmental Cleanup, and (iv) satisfaction of debt service requirements of all bonds
issued pursuant to the Ordinance that are not satisfied out of separate allocations, shall
be defined as 'Net Revenues' and shall be allocated solely for the transportation
purposes described in the Ordinance",
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 end of the local jurisdiction's fiscal year to be eligible
to receive Net Revenues as part of M2.
Resolution No. 2023-79
Page 2 of 3
NOW, THEREFORE, the City Council of the City of Newport Beach resolves as
follows:
Section 1: The City Council does hereby inform OCTA that:
a) The 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 Expenditure Report is hereby adopted by the City of Newport Beach.
c) The City of Newport Beach's Finance Director is hereby authorized to sign
and submit the M2 Expenditure Report to OCTA for the fiscal year ending
June 30, 2023.
Section 2: The recitals provided in this resolution are true and correct and are
incorporated into the operative part of this resolution.
Section 3: If any section, subsection, sentence, clause or phrase of this
resolution is, for any reason, held to be invalid or unconstitutional, such decision shall
not affect the validity or constitutionality of the remaining portions of this resolution. The
City Council hereby declares that it would have passed this resolution, and each
section, subsection, sentence, clause or phrase hereof, irrespective of the fact that any
one or more sections, subsections, sentences, clauses or phrases be declared invalid
or unconstitutional.
Section 4: The City Council finds the adoption of this resolution 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, Division 6,
Chapter 3, because it has no potential for resulting in physical change to the
environment, directly or indirectly.
Resolution No. 2023-79
Page 3 of 3
Section 5: 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 28th day of November, 2n,)q
ATTEST:
Brown
City Clerk
APPROVED AS TO FORM:
CITY ATTORNEY'S OFFICE
C.
Aar n C. Harp
City Attorney
Attachment: Exhibit A — Expenditure Report
Exhibit A
City of Newport Beach Schedule 1
M2 Expenditure Report
Fiscal Year Ended June 30, 2023
Beginning and Ending Balances
Description
Line
Amount
Interest
No.
Balances at Beginning of Fiscal Year
............ .
A M , Freeway Projects
1
$,,.....,. -
$ -
.,......................,.,...,,.,..
... ......... ....... ,...,..,.,..,..........,......
O Regional Capacity Program (RCP)
2
,., ...., ..,,,,.........
$ 538,198
$ -
P Regional Traffic Signal Synchronization Program (RTSSP)
3
$ -
$ -
q ;Local Fair Share ,,..., ,,,.. „..................................,,..,,,
.......... .......
4 ....
.... .. .... ........... ...... ....... ........ ....... .. ...........
$.......,.........................,,.2,883,816
................ ... . .......
$.......... .................... .......... ......... ...... ,............ .'
R ' High Frequency Metrolink Service
5
$ -
$ -
........ ........
................ ..... _....... .......... ....
S 'Transit Extensions to Metrolink
........ ...
6
... .... .....
$ -
........... _ ...........................,................
$ -
.....
........ .........I ..................................................................................
T ;Convert Metrolink Station(s) to Regional Gateways that
7
$
$
:connect Orange Count with High -Speed Rail Systems
r...................................................................... ...........,......Y........ ................. .......... ...........................................................,,,............. ...... .........,.....................
.................... ...
,......... .... .......... ................ -....... ....... ............ .,.... .......... ...
... ............. ............ ......... ........... ............ ... ............... ............
.Senior Mobility Program or Senior Non -Emergency Medical
8
$
$
:Pro ram
V ;Community Based Transit/Circulators
9
$ (401,272)
$ -
......... .. ......... ..., . ... ....... ......,.. ........ ...
W ;Safe Transit Stops
.. .........
10
.
$
$ -
........................................ ....
... ... .. ...... .............. .
X ° Environmental Cleanup Program (Water Quality)
y)...............-
.........................
11
....... ... .......... .............
$ (287 509)
� ....
$ -
........................................ .....
.... ........... .........._ _. ....... ........... .......
Other*
..........,
12
.....
$ -
$ -
Balances at Beginning of Fiscal Year
13
$ 2,733,233
$ -
,................................,.........,,.................................,.....,.........
............................................... ... ........... ... ..................... .... ...... ........ .................._................ .......................... ........,............... ..,,.......... ,,......,..................,..,....,..,
;Monies Made Available During Fiscal Year
.............,...........................................
14
.._.................................,,.....,,.,.
$ 2,871,737
$ 30,608
Total Monies Available (Sum Lines 13 & 14)
15
$ 5,604,970
$ 30,608
... ................................ _.... .............. .......... ......,....................
.....................................................................................................................................................,......................................................................................................................................__
Expenditures During Fiscal Year
16
.........................
$ 3,141,340
$ 30,608
Balances at End of Fiscal Year
A-M'Freewa roiects
,,,,,,,,,,,,,,,,,,,,,,,,,,X,,.,,,,,.........,,,,,,,,.........,,,,,,.....,.,,,,,,, ,,,,,,,..............................,,,,............. _.......,,.,,,..,,,,,,,.,,,, ,,.,,,,.,,.,.,,,,,,,,.,
.,,,..,,,.,,,,.,,..,....................,,,,,,,,,,.,,
$ -
$
O :Regional Capacity Program (RCP)
18.
$ 527,562
$
P Regional Traffic Signal Synchronization Program (RTSSP)
...
19
$ -
$ -
.............. ....... .. ......... ........
Q =Local Fair Share
..............
20
.. ....................... .
$ 2,645,082
..................... .....
$ -
.................. ..................,.............,.,,.......,.......................
...... ..... ....... a...........................,............,.,..,.....,........,........................,..............,.........................,....,.,.........................,..,._.....,.,.,,....,,,..,.............,,.,...,........,,..,,....,,.,.,....................................................,....,.....,,
R H,i,u.enc
21
$ -
$
,,,,,.,,,..,,,,,,,,,,.,..,,,,,,,.,.,..,,.,.,.,.,,,,,,.,.....
,.Fre ,,Me.t.r..ol,inkService
,,,,,,,,,,,,,.,,,,,,,,,,,,,,.,.,,,,,.,.,,,,,,,,,,,.,,.,
S =Transit Extensions to Metrolink .
,
22
..........................................................,,...................................,..
.,,,,,,,,.,,,.,,.,,,,,,,,,,,,,,,,,.
$ -
..,,.,,,..,-,,,
$ -
,.....,,,,,.,,,.....,...........,.................,...................,....................
T :Convert Metrolink Station(s) to Regional Gateways that
23
$
$
connect Orange County with High -Speed Rail Systems
... _.....
.............................................................................................................................................................
_Senior Mobility Program or Senior Non -Emergency Medical
24
$
$
Program
V :Community Based Transit/Circulators
25
$ (426,514)
$ -
.. ..... .
W :Safe Transit Stops
26
$ -
$ -
.. ................ ... _ . ...
X -Environmental Cleanup Program (Water Quality)
27
$ (282,500)
$
Other*
28
$
$ -
Based on comments from OCTA regarding the city's M2 expenditure report for the fiscal year ended June 30, 2022,
cash balances are reported for projects 0, V, and X, and fund balance is reported for project Q.
City of Newport Beach M2 Expenditure Report Schedule 2
Fiscal Year Ended June 30, 2023
Sources and Uses
Description
Line
No.
Amount
Interest
Revenues:
A M Freeway.,Pro ects
O :Regional Capacity Program (RCP)....
2
$ _ -
$._........ ....,. ............. ... .
P Regional Traffic Signal Synchronization Program (RTSSP)
3
$
$ -
.
r. _ .
Q Local Fair Share
4 _.
..
$ 2,525,261
..,,.,
$ 29,046
. ..
....
R . High Frequency Metrolink Service
5
$
S :Transit Extensions to Metrolink
6
Metrolink Station(s) to Regional Gateways that connect
7
$
$
T `Convert
Orange County with High -Speed Rail Systems
U Senior Mobility Program or Senior Non Emerg ncy Medical Program
8
. 1,562
V Community Based Transit/Circulators
9
$ 149,189
$ -
...
W Safe Transit Stops
10
$ -
W...
$ -
...... ..
.. .. .. ............
X :Environmental Cleanup Program (Water Quality)
11
$ 5,009
$ -
... ........ .
*
.Other
12
$ -
$ -
TOTAL REVENUES (Sum lines 1 to 12)
13
$ 2,871,737
$ 30,608
Expenditures:
A M Freeway Projects ....... ............. . ...... ..... ...
14
$ ......... _. ......... ..- ..
0 Re TonalCapacitY Program (RCP)
„
15$
10,636
$ .....
............. . -
P7
Regional Traffic Signal Synchronization Program (RTSSP)
16
$
$ -
Q
Local Fair Share _..
17
$
2,763,995
$ 29.... 6
R
High Frequency Metrolink Service
18
$
......
...
$
S
:Transit Extensions to Metrolink
19
..
wa s that connect
O g y
20
$
$
T
Orange CountylwrthtHigh-SpeedsRRail S stems
....,
U
:Senior Mobility Program or Senior Non -Emergency Medical Program
21
$
192,278
$ 1,562
........ .....I.. ...............
it/Circulators
V Community Base Trans....
22
$ 174,431
_ .. ...._.....
$ -
W ansit Stops
Safe Tr.......
23
$ ........................
$...... .................
.......................
X , Environmental Cleanup Program (Water Quality)
24
$ _ ......
$ -
.....
:Other*
25-
TOTAL EXPENDITURES (Sum lines 14 to 25)
26
$ 3,141,340
$ 30,608
TOTAL BALANCE (Subtract line 26 from 13)
27
$ (269,603)
$ -
Based on comments from OCTA regarding the city's M2 expenditure report for the fiscal year ended June 30, 2022,
projects O, V, and X are reported on a cash basis, and project Q is reported on a modified accrual basis.
Project X revenue is a transfer from the city's general fund because of expenditures in prior fiscal years that are not
being reimbursed by OCTA.
It 0
bb
O
g
O
uo
'If
16
ul
t!o o
o f
o
0
cf
-iG x
C:f
ix
O
Am
loz
u u
14
c6
cri
14
IM
0
ul
o
1
z tj E E
2
J5
'd'E.
lu
o
i u
o
F w
E
Cf
0
Z
u
o
f
2
ES
o
.5
-o
.2
E
E
o
m
2
1m4
o
>
'E E
o
>
City of Newport Beach
Schedule 4
M2 Expenditure Report
Fiscal Year Ended June 30, 2023
Local Fair Share Project List
City of Newport Beach
Signature Page
M2 Expenditure Report
Fiscal Year Ended June 30, 2023
I hereby certify that:
0 All the information attached herein and included in schedules 1 through 4 is true and accurate to the best of
my knowledge;
0 The interest earned on Net Revenues allocated pursuant to the Ordinance shall be expended only for those
purposes for which the Net Revenues were allocated;
0 The City of Newport Beach is aware of the State Controller's "Guidelines Relating to Gas Tax Expenditures for
Cities and Counties", which is a guide for determining MOE Expenditures for M2 Eligibility purposes;
0 The City's Expenditure Report is in compliance with direction provided in the State Controller's "Guidelines
Relating to Gas Tax Expenditures for Cities and Counties;" and
0 The City of Newport Beach has expended in this fiscal year an amount of local discretionary funds for streets
and roads purposes at least equal to or exceeding the FY 2022-23 MOE benchmark dollar amount11
Jason AI -Imam
Director of Finance (Print Name)
Signature
Date
fo A3r23
" Jurisdictions are encouraged to submit MOE eligible expenditures higher than their MOE benchmark, so that
should certain expenses be ruled ineligible during an MOE audit, the local jurisdiction still has sufficient MOE
expenditures to demonstrate continued achievement of the MOE benchmark.
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; the foregoing resolution, being Resolution
No. 2023-79 was duly introduced before and adopted by the City Council of said City at a regular meeting
of said Council held on the 28th day of November, 2023; and the same was so passed and adopted by the
following vote, to wit:
AYES: Mayor Noah Blom, Mayor Pro Tern Will O'Neill, Councilmember Brad Avery
Councilmember Robyn Grant, Councilmember Lauren Kleiman, Councilmember
Joe Stapleton, Councilmember Erik Weigand
NAYS: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of
said City this 29th day of November, 2023.
!7W P
LIA
Leilani I. Brown
City Clerk
Newport Beach, California