Loading...
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 M a m c � m C v � t Q a N Q U VtVF VT' V} 5h:yh �{ry.. Vl V V a L s V cN y S � b W L C 4 V N w s O v 0. a N la+ C a c N ti i C Q � N N d M � y G W 'aam m � Y C N � � G u m M N u. y V OR ami z i> LL LL C NC G iR a s N � u> •r o 4 E + � W 0 � Z w m c m is m o c o c N m m a N c`j VtVF VT' V} 5h:yh �{ry.. Vl V ?Vl VlVi v4 v? V+:N in 4Y: Vli/n'Ih Vfih M: VlV lh+n as: Vti V+ *n. in.:Vr.+r imo. rn. Cc fY 1� U}: ihVy Ul VY. Vl ih:'1h V V}V} NUl V}yaj}V} Nm <.ui {or m:m . e N m coin.. -im c ry ry m.-1 N 'W W' vD NN O V}V?V}.Sh41 VSV1 'V} V4 VnVi:V} ih N 6 C5 IIN viVS +A'.Vi+h V)Ul ary VA. Nth. V}Vf VY Vt. V} vt m m o d 'Vti VYVIVrV). ihV mw H. tia .NO pNe N ti p W W: l0 N N q^ N:VS VYV}. ill L}:V s a v E VSN R N4.. C `Y FL N w c Y". E E 3 o 'a': a U o c. w. yN�000E 00 -y. h0 C Ny�I�L+.G Z N to 6. lit b:K U a S. o.N 'm t E N fl 0 �r v c a c E T T C _ O � a O � a "v � o a C n N C d R it + 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)