HomeMy WebLinkAbout2024-88 - Concerning the Measure M2 Expenditure Report for the City of Newport Beach for the Fiscal Year Ending June 30, 2024RESOLUTION NO. 2024-88
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, 2024
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. 2024-88
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, 2024.
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. 2024-88
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 19th day of November, 2024.
Will O'Neill
Mayor
ATTEST:
4&j " -
Leilani I. Brown
City Clerk
APPROVED AS TO FORM:
CITY ATTORNEY'S OFFICE
4, .--�
A4ror4 C. Harp
City Attorney
Attachment: Exhibit A — Expenditure Report
City of Newport Beach Exhibit A
M2 Expenditure Report
Fiscal Year Ended June 30, 2024
Beginning and Ending Balances
Schedule 1
Description
Line
Amount
Interest
No.
Balances at Beginning of Fiscal Year
..........................................................-........-.._............................................._................................._,.............................................................__............
Protects,...........,
,A-MoFreewaY
O i....... ............._..............P..............-.......,....._..,....,..,,-,......_....._.......,..........................................,......................,......._........._....._.,.....-..................._......_,........,......__.............._.........,,_.................._..._..........._.........,........,.................................._......
......,,1_,...,
.,.........,....,....,
.,,...,.......,,.....:..,,,....,,..,.,,........,-
P :Regional Traffic Signal Synchronization Program (RTSSP)
3
$
-
$
-
................. ....... .................. ............. ...,....... ............... .............................. ........... ......... ............ .... ..... .............. ... .......... ...........
Q =Local Fair Share
.....................
4
.... .........
$
_..... ... ........... ..... ....... -.............
2,645,082
$
.,......._......... ..... ..,,.._..............
-
.....,......a...................,...............„.....,..........................,_......._..._....,_..........„.,,....................,,_.................... ,_.......
R =High Frequency Metrolink Service
.........................
5
.............,,....................._..........,
$
.,,,_.........._„..............,,..............,
$
-
...,.........................._..,.......................................................
S -Transit Extensions to Metrolink
_.............:......._........................_.........._......,..._........._...,..................................................,........................................................................_................................................,„......,,._.................................................._.._......„
.,........,......,_._,......_
6
$
........._........_...._......_..._..................._...._....................................................-........._..
-
$
-
T ;Convert Metrolink Station(s) to Regional Gateways that
7
$
.....,...........................,_...,........._,,............_.
$
;connect Orange County with High -Speed Rail Systems
..e....................,_........_........... ... .....
.........
_ ..... _.....
...... _........... _....................
............................................,,....-......
LI 'Senior Mobility Program or Senior Non -Emergency Medical
8
$
$
...,,.. ProPra m ...,.,.,,_....,...,,,,.,,,..,..,.,,.,...............,,_,,..................,.
...._...
..,._
..... .....w..._........„...............
V Transit/Circulators
_...................._..._......,................_...........I..........................
9CommunitYBased
(426_,51_..........
.........................................................................................................$...........,.......-..
W =Safe Transit Stops
10
$
-
_....
$
...... ................... _... ........ _.........
-
..,,_............................._,..,....,...........................,....................._.._.......,,.......,_..._......,,,...........,......,................,......,.................._,......,..._
X :Environmental Cleanup Program (Water Quality) (Note 2 Below)
................._.,........................................._......,............_................,.................,.,_,....,..._.....,...........,...........,...........,....,......
11
$
(267,210)
$
-
.,._._.................,......................,................,.__....._.............................,...................,...._.........................._....._.......................................,.............._
_Other* (Note 2 Below)
... ..................._.............._...,,..
12
$
..... ......_._...._......._........
(15,290)
....... .....
$
...... _......................_................... .... -...
-
Balances at Beginning of Fiscal Year
.........._. ............................. .................. ........................_....._._.,_,,,.........
13
.......... _..._..................
$
... ........ ..................
2,463,630
........._........._,.._,_.._......................_............_............._....__.........._........._..
$
-
Monies.Made Available..Durin.....Fis
g cal Year
14
$
3,160,578
$
137,931
Total Monies Available (Sum Lines 13 & 14) ..... .................................................,.._....._.........
15
,......_...._,.................._..........................._........,......................_...
$
5,624,208
$
,._......�....................._...__................._......
137,931
=Ex enditures During Fiscal Year
16
$
2,540,468
$
137,931
Balances at End of Fiscal Year
. ............... . ...._..,,..........,.......... _..... __..... ........ ....... ......... .......... .,.......,..,,..
17
$
-
$
-
A-M'Freewa..... :. ...,............. .......................
Proects
....Y.,..W�... ...,.,,.._...... .............,..,.................
O -Regional Capacity Program (RCP) ....................,_.......................,........_....,...,......_......_,,......._......................._......
., .,
18
_......,,.......,...,.
$
,,.........-503,349
.,...,,,...,....,.,.,....,......,.,,.....,
$
-
P iRegional Traffic Signal Synchronization Program (RTSSP)
19
$
...............-.,.......,......
-
,,...........,.............................._,......................,..,....,
$
-
.,.,..,.........,_.,.... ...........................,_............................._.,..._........._...,........._.......,..._......__-__.........................................................................._....................._..._......_..............-............._..........................
Q :Local Fair Share
..............................................._........_.........__.............,..................................._..........._...................._.........................................._.............................._............,.......
20
$ _.......-................-.............-......._...........
3,086,805
,....,.......................,........_...,.........................._W.........
$ ............_..........-...........................................
-
R ;High Frequency Metrolink Service
...._.:............ --9.._..._. Y__._....__._.._-..._............_......................_.....__..-........_...............,....,.,,.,.....,,,_...........,........,.,................,................._..,...........,..._,.................,,,..,,.....,
21
$
-
$
-
...
S `Transit Extensions to Metrolink
....................=..Co....................._........-................._................ ......................... .................... ........ ............ ..... ...,........... ....... .,,,..-....,............,.,..............................,.........................,............,..................
22
$
...... -
$
-
T nvert Metrolink Station(s) to Regional Gateways that
23
$
........................ ..... .........................
-
..... .....,.............
$
............. ............ .,................,.........,._.
.connect Orange County with High -Speed Rail Systems
...a..-.,_............,..,_....,._........................:......N........_.............._......................-........................................
... ............_Senior
..... .... ........... .....,.......
...........,........................................................,............,................
....... ............................... .................... .
Mob
Mobility Program or Senior on Emergency Medical
24
$
$
ProPra m............. .......... ..
-
V :Community Based Transit/Circulators
...................�........,................................._...........-......................................._..................................................................................................-..........,,.....
25
$
(506,414)
$
-
W :Safe Transit Stops
.............
26
$
_....................._...........,,......
-
$
...............................
-
...............,._...................._..........._._............,.............................................,...................,..............,........................__....-........._........,......._........,...._..._...,...........,......_........__......_.._....._...............,...............,
X iEnvironmental Cleanup Program (Water Qualit)
.,.... ..
27
$
-
$
-
..........._......,.................P,.......,,....,..,.....,.,,.,...,_...,,.._..,.,...,,,..,...,,...Y..,.,,.......,.,....,...,....,.,.,
.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.
Note 2 - As requested by OCTA, ($267,210) of project X's beginning cash balance is being reported on line 11 of schedule 1,
and ($15,290) of project X's beginning cash balance is being reported on line 12 of schedule 1.
City of Newport Beach M2 Expenditure Report Schedule 2
Fiscal Year Ended June 30, 2024
Sources and Uses
Description
Line
Amount
Interest
No.
Revenues:
.. ......................._..............,........_...._..........................,........................._.............._.._.........,................................................._,..........._........,......_..-..................................
A-M !Freeway Projects
1
.........,,,.:..,...:.:::.:..,.,,.:.:..,:..-...................,...;::.,.,,.:,,,.,::,:,...,.,...:,:.-
.....
.,..
9.,:....,,:,...,,.,,,,..:.::-..:::,:,.,,,.......:.:...::...........,.,,..,..,:.,....:,:,...,............:,.,.,..,,,........,::,.,:.....,.:::.,,,,,.,,.,...:.,...::..:::,..,,...,:,...:....,,........,,...:...... , .,, :.,,
O 'Re i� onaE acity Pro ram (RCP)
,,,:..
...., ........, ...,...,
...
2
...
$
-
$
-
_..........._.....__.....................P......................_....... , _.................................._..............................................................._................................_..................,..............................................................._..................,_..........,........_.............,.,,..................
P ;Regional Traffic Signal Synchronization Program (RTSSP)
3
$
-
$
-
._._-.....e............................. .-...................................................................... ...............................,..._.......__.........................
Q ;Local Fair Share
__.4........_......,$............................................,....................................,....._..........................................
2
..-.,.
............,....:.:....,..�a.....,..........
R High Frequency Metrolink Service
,.,,:..,,:..,,.::..,.:.,:.,:,,,,,,::::..,.,. ,,...,,:.........:::,..,:......::,..,,..................:................,,,,..,., ..:,,.:,,,....,:,..........
5 ...
$...::.....:....,:,.:::,,,,,
,.:,:,.,,
$
...... ........... ...
,:.,::.,...............,:,...,,.,:.
S°Transit Extensions to Metro,link.................................................,........._................................,,...,..,........... .........,................. ...................6..............$...................,,..._.............................'.,...$.......,....._................,...,.......,,.,.'.,
................ a........................................................................................,
_Convert Metrolink Station(s) to Regional Gateways that connect
7
$
$
T
:Orange County with High -Speed Rail Systems
...... ................._....... ..........
_............
... .............. ............... ........... ._.....
........._.....................,............_...........,.............._.........._.. ..................... ................................ ........ .......,,,.........,............. .......................... ...................
..:.........
U Senior Mobility Program or Senior Non -Emergency Medical Program
....._............._,,,....
8
,...... .....,,,...,,,...
$
191,633
_.............. _
$ .................._..........
2,430
........ .......
................ ...............................,................._......................,..,....._.._.......................,......,...........,,,.......,......,.........,............,....................................................
V _Communit Based Transit/Circulators ,.:,.,.:::,,.,,,..,,.,::,:::,,..:,:..,,,,.,..:,.,:.....
......
9
$
..... .....,.,:..............:,
121,431
: .:..,.
$
,,,.,,..,....:::.,..:.:..,......,.,,,,,,,:,.::::,.:,
.$.'....._.....
-
:,,,,,.,..,::,....:.:::.:....::.....Y.:,:....:,....,:.::.,.:.„,::,,:..,.....:."..".,..,,..,,:,,,::.::::,.:,,:.::,:,:.,....:.::.,,...,.....::,..,:..,::...,:::....:,::...:..:..,..:.......:,,.,,.,.,:.
W Safe Transit Stops
10 ,,..
$ ............._.............
...
-
............._.......................
...... .................... .......... ..."
................................_.........-..........,..,...,........................................_................................................
_...
X _Environmental Cleanup Program (Water Quality] (Note 2 Below)
11 _..
$
,.........._..._................_.............-
267,210
$ _..........................
-
..........�......................................... .....P ... _............. _ ...... ., ...,
'Other* Note 2 Below
-. .......
12
$
15,290
$
-
TOTAL REVENUES (Sum lines 1 to 12)
13
$
3,160,578
$
137,931
Expenditures:
.....-............ ...............,......-.........................,..........,.......Y................,..,,.........,._..-...........,.,......,.,...,,.,..............................................,,.._.................................._.........-
A-M'Freeway Projects
14
-
$
.,_............9.._...................,.................,,.....................,...,,........,.....,...............,,.,.,,.......,................:...:...-....._.....__.................,,...,..._..,.,.....,....................................._....................................._...........,.................................._........,
O :Regional Capacity Pro ram (RCP) ..........................._.................,.... ...,.........................,
15 ..
...._
$..,.....,.................24,,213
.........................................................,,
$,.........,..............,...........:.......:
....................e........................,.,.....,-............,....,........_...,........_........,,............
P (Regional Trafi icSi nal Synchronization Pro a.m RS
-1.
$ „
-
........:.........,:..,. .,.:,,,,,.,:::,..,,:,...,..:,.,,....:::,.....,:,.(...,.,.,.,..::.......,.,..:::::..,::,.,.,,,,.:
Q :Local Fair Share.........................................................._..._17.............,
..... .................. ......_..,........................,
..
$.. .................._
2 123 291
..........................,.,............._......,,.,,,............................
$
135,501....
.......,............................,........................,........................,,...._.......,......... _.,,.....,............,.............
R...,,., E9..MetrolinkService
18
-
-
.......... .... ....... ................... ..........,,..................,.,........,,..,..........,................-,................._............................$...................,.............................................-.........................,....,,..,.........W..............
S ;Transit Extensions to Metrolink
19
$
-
,,....,,.............................,,,...:.,.,............,...,....,.....,..................
$
-
._... _...................................................................................................................................,...................,....,.,,.........................................,......,.......,,......._......................................,........._.........................
)Convert Metrolink Station(s) to Regional Gateways that connect
20
$
-
$
T
'Orange Count with High -Speed Rail Systems.......... .............................
.................._..........................W_._......._.....Y....................,............................................ ...... .,...... ...... .....
._....1--.......... .,._..._,........._
......... ...... ...._,..,.........._..........
...... ..... ........
.... ......................... ............._.
......,..............
U :Senior Mobility Program or Senior Non -Emergency Medical Program
21
$
191,633
............. ............,...._
$ ............................_......_....
2,430
_..
....__....................................................y..............,..............................,.........,....,..........................._........,...................,......,.....,........,.,...,......,._.,.,,......._
V 'Community Based Transit/Circulators
................,,,,..,......_.......,.......................
.........,..................................
-$
W =Safe Transit Stops
.........
�...23.....
,.,.,,:..:.-,..:,...w,.
$
,,:...,.....:::.,,..,.,..,:,:.,.,:......:.,,.:.:....w
...........................-., ..........-
.. .:,,...,,.,-.
,,...::,,...._,.,...
.:,,.,,.,,.,,,.a...::::..:..............::...:.:,.,..,....:::.:.,:,,:...:,..:,:..,,.:.:..,,...:.,....,,.:...:,,::,:,,,:,:,,:,.,:.,:::.,,.,::::.....,.:..:...:.,:,:-,,::,.:,::,,,:,.:.:,,,...:,..:,:,.,.......:,.:..,:.,.,...,,.,:,:,.,
X 'Environmental Cleanup Program Water Qualityj
$.............
-
.....,.,......................................._,...................................._....................
$
-
.......................................,...........,...,..............,..P..............,..lz..............,....................................................................................................._.,,..._...............,...,,.......,....24...:......
,Other*
25
$
-
$
-
TOTAL EXPENDITURES (Sum lines 14 to 25)
26
$
2,540,468
1 $
137,931
TOTAL BALANCE (Subtract line 26 from 13)
1 27
$
620,110
Is
-
Based on comments from OCTA regarding the City's M2 expenditure report for the fiscal year ended June 30, 2022,
projects 0, V, and X are reported on a cash basis, and project Q is reported on a modified accrual basis.
Note 2 - As requested by OCTA, $267,210 of project X's revenue is being reported on line 11 of schedule 2, and $15,290
of project X's revenue is being reported on line 12 of schedule 2. The $267,210 of project X revenue is cash basis revenue
received from OCTA. The $15,290 of 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.
City of Newport Beach Schedule 3
M2 Expenditure Report
Fiscal Year Ended June 30, 2024
Streets and Roads Detailed Use of Funds
Type of Expenditure
Line
MOE
Developer/
0
0
P
P
q
Q
%
X
Other
Other
M2
Other'
TOTAL
No
Ira ctFees
pa
Interest
Interest
Interest
Interest
M1'
Interest
Indirect and/or Overhead
1
$ 22,030,691
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ 12,030,691
Censtrucden & Right -of -Way
2
New Street Construction
Street Recanstrucdan
3
$ 2,130,297
$ -
S -
$
$
$
$ 2,113,291
$ 135$01
S -
S -
$
$ .. -
$
$ _ _4,399,089
Signals, Safety Devices, &&Street UghU
4
$ .�_
.__._.
-..
$ �_.
._
S +.
9 .�
$
$ ._ Is
.^
$'____
S
_.
Pedestrian Ways & Bikepaths
Pe
S
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$
$
Storm Dalm
6
__..-.____.
$ -
_.___._
$
_____
___..
_.__.__-
.—___.._._._
$
Storm Damage
7
$ -
$
$ -
$ -
$ -
$ -
$ -
$ -
$ -
S -
$ -
Total Construction'
8
$ 2,130,297
S -
$ -
$ -
$ -
$ -
$ 2,123,291
$ 135501
$ -
$ -
$ -
$ -
$ -
$ 4,3a9,099
RlghtofWay Acqulsltion
9
$ -
$ -
$ -
$ -
$ -
$
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$
Total Construction &Right -of -Way
10
$ 2,130,297
$ -
$ -
$ -
$ -
$ -
$ 2,123,291
$ 135,501
$ -
$ -
$ -
$ -
$ -
$ 4,389,089
Maintenance
11
$ 69,79a
__ _
$ -
$ -
$ -
$ -
S 64,798
PalchWe
Oveday&Sealing
12
$ I,SSB,fiW
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
S __
$ 1,538,600
Street Lights &TaRic Signals
ll
$ 3,336,614
$ -
$, -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ 3,335,614
Sloan Damage
14
$ _
$ -
$
$ -
$ -
$ _
$ _
$ _
$
$ -
$
Other Street purpose Maintenance
]5
$ 3,281,313
$ -
$ -
$ -
$ -
$ -
$ -
$ -
S -
$ -
$ -
$ 3,281,313
Total Maintenance'
16
$ 8,201,325
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$
8,201,325
Other
17
OEM$
-
$ 24,213
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ 392,954
$ Z430
$ -
$ 419,607
GRAND TOTALS (Sum Lines 1, 10, 26, 17)
18
$ 22,362,313
$ -is
24,213
$ -
$ -
$ -
$ 2,123,291
1 $ 135,501
$ -
$ -
$ 392,964
$ 2/13D
$ -
S 25,090,712
Any California Stale Constitution Article XIX streets and road eligible expenditure may he "counted' in local jurisdiction' caklatinn of MOE if the activity is supported )funded) try a Ionijurkdictlons' discretionary funds )e.g. general fund).
The California Stale Controller also provWn useful Information on Article XIX and the Streets and Highways Cade eligible expenditures in Its "Guidelines Relating to Gas Tax Expenditures forC8les and Counties". I have reviewed and am
Finance Director Connnnelon
19
aware of these guldellnes and their appliablilry, In calculating a nd reporting on Maintenance of Effort expenditures.
Flnance Director initial:
' Includes direct charges for staff time
' Other M2 Includes A-M, R,S,T,U,V, and
. Tanportadan related onty
' Please provide a specific description
Project ors other expenditures represent design expenditures for the West Coast Highway lnlersectlonImprovements &Pedestrian Bridge. qA Iheal Fair Share
Hlgh Frequenq Metrollnk Service I
s nsit&t E;M to Metrollnk
_ lC nvert Metrollnk 5tation(s)to Regional Gateways that connect flange County with
City of Newport Beach
Schedule 4
M2 Expenditure Report
Fiscal Year Ended June 30, 2024
Local Fair Share Project List
PROJECT NAME i AMOUNT EXPENDED
Newport Coast Dr Pavement Rehab (,12201-980000-221114) $ ,1,311,250
East Coast Hwy Pavement Rehab (12201 980000 23R11) $ 936,517
... .
San Miguel Drive Pavement Rehab (12201-980000-23R13) $ 11,025
2,258,792
City of Newport Beach
Signature Page
M2 Expenditure Report
Fiscal Year Ended June 30, 2024
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 2023-24 MOE benchmark dollar amount"
Jason AI -Imam
Director of Finance (Print Name)
Q DV W �Vb!/J ft
Signre
10123)24
Date
" 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. 2024-88 was duly introduced before and adopted by the City Council of said City at a regular meeting
of said Council held on the 191h day of November, 2024; and the same was so passed and adopted by the
following vote, to wit:
AYES: Mayor Will O'Neill, Mayor Pro Tern Joe Stapleton, Councilmember Brad Avery,
Councilmember Noah Blom, Councilmember Robyn Grant, Councilmember
Lauren Kleiman, Councilmember Erik Weigand
NAYS: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of said
City this 20th day of November, 2024.
T
Leilani I. rown
City Clerk
Newport Beach, California
C! FOB