HomeMy WebLinkAbout2013-74 - Concerning the Measure M2 Expenditure Report for the City of Newport BeachRESOLUTION NO. 2013 -74
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 12th day of November 2013.
Keith Cur
Mayor
ATTEST:
g, T4E
bit,-
Leflani .*
Brown
City Clerk
•..
Attachment: M2 Expenditure Report
City of Newport Beach
M2 Expenditure Report
Fiscal Year Ended June 30, 2013
Beginning and Ending Balances
Description
Line
Amount
No.
Balances at Beginning of Fiscal Year
...
I=
MURES=
M2 Fa ir"s"h'a"r , e* ...........
..
1
$
1,529,647
Interest ........... .......
2
.......... 18,431
...
. ...... 3
... ...
W2 CTFP Interest
—, -
4
-
;Other M2 Funding
5
;Other M2 Interest
6
7
Beginning Fiscal Li.nle.s..I.lt.ol7l)
8
,Balances ..alt., ,o.f,,. .Year ,(Sum
Wonies Made Available.Durir�a,Elsoa Year . ...
...
9
$
1,801,156
ot
Total J;io ailable (Sum Unes 8 & 9)
10
$
3,349,234
Ex enditures Duran Fiscal Year
I , , ... .. ........ .........
11
$
361,777
Year
Balances at End of Fiscal
.... �r�2Fair'sha're ........
12
$
2,982,952
.M2'Fa-i'rshare Interest
13
$
4,505
M2 CTFP ........ . .....
.
... 14 .....
....
M2CTFPInterest
.
15
....
;Other M2 Funding
:Other M2 Interest
17
. . , . . ......... ................... ....... - ...........
:Other*
- .... .. 8
. —
.......
.............
* Please provide a specific description
Schedule 1
Revision No. 1
4/9/13
City of Newport Beach
M2 Expenditure Report
Fiscal Year Ended June 30, 2013
Sources and Uses
Description
Line
Amount
No.
Revenues;
;M2 Fairshare
1
$ 1,528,239
... ............. .......... . _ ..__...
-M2 Fairshare Interest
.......
2
.... ......,, _.
$ 4,505
M2CTFP .... ........._............,...,....
3
$ 157,950
..,...._.._.........
.. ...._
.....; ..... ........ ... ..._...... .. ......._. ..__........
M2 CTFP Interest
4
_,......< ............................._............._..._...............,.._......,.,.._...._............ .... ............ ,....
M2 Funding
.,......,.,._.._
,.5
.......,.,..,. ..,.,..,.._.._..._.....,.......
$ 110,461...
.......,Other
iOther M2 lnterest
6
:Other*
7
TOTAL REVENUES (Sum lines 1 to 7 )
8
$ 1,801,156
Expenditures:
M2 Fairshare
9
$ 74,934
iM2 Fairshare tnterest
10
$ .. < 18,431
4M2 CUP
11
$ 157,950
`.M2 CTFP Interest
12
:Other M2 Funding .. .............. .....................,......,,,
......... ..._.._... .. .......14
13,......$...
110,461
:Other M2 Interest
:Other*
15
TOTAL EXPENDITURES (Sum lines 9 to 15)
16
$ 361,777
TOTAL BALANCE (Subtract line 16 from 8)
17
$ 1,439,379
* Please provide a specific description
Schedule 2
Revision No. 1
4/9113
fQ
Uf
O
i k !C�
m!W cs q.
NiO
V}
O
O
LL
t z
z z
LL
LL
:ro z
z
i z
IT
1 z
t
ti
191
N
ni 1
tuft
cF-:
wg�
Gi
IK
Gi a
.NZpw
E!
2i—�al
E
RS
12
O
City of Newport Beach
M2 Expenditure Report
Fiscal Year Ended June 30, 2013
Fairshare Project List
Schedule 4
Revision No. 1
4/9113
City of Newport Beach
M2 Expenditure Report
Fiscal Year Ended June 30, 2013
Signature Page
I certify that 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 and all the information attached herein is true and
accurate to the best of my knowledge:
Director of Finance —!
Revision No, t
419/13
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. 2013 -74 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 12M day of November, 2013, and that the
same was so passed and adopted by the following vote, to wit:
Ayes: Gardner, Petros, Hill, Selich, Henn, Daigle, Mayor Curry
Nays: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of
said City this 13th day of November, 2013.
City Clerk
Newport Beach, California
(Seal)