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Home My WebLink AboutCC Res 6610 2015-12-14RESOLUTION NUMBER 6610 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL APPROVING THE MEASURE M2 EXPENDITURE REPORT FOR THE CITY OF SEAL BEACH FOR FISCAL YEAR 201412015 WHEREAS, Local Transportation Authority Ordinance No. 3 requires local jurisdictions to adopt an annual Expenditure Report to account for Net 1 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 n WHEREAS, the Expenditure Report must be adopted and submitted to the Orange County Transportation Authority each year within six months of the end of the local jurisdiction's fiscal year to be eligible to receive Net Revenues as a part of Measure M2. THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE: Section 1. The Measure M2 Expenditure Report for fiscal year 2014/2015, attached hereto as Exhibit "A" and incorporated herein by this reference, 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. Section 2. The M2 Expenditure Report is hereby adopted for the City of Seal Beach. Section 3. The City Manager shall cause the M2 Expenditure Report to be submitted to the Orange County Transportation Authority no later than December 31, 2015. PASSED, APPROVED AND ADOPTED by the Seal Beach City Council at a regular meeting held on the 14th day of December, 2015 by the following vote: AYES: Council Members: Deaton, Sloan, Varipapa, Miller, Massa - Lavitt NOES: Council Members: None STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } -- , ,1- _ I ,:7 I, Robin Roberts, City Clerk of the City of Seal Beach, do hereby certify that the foregoing resolution is the original copy of Resolution Number 6610 on file in the office of the City Clerk, passed, approved, and adopted by the City Council Aa fegglar_r eeting held on the 14th day of December 2015. obin L. Roberts, City Clerk n City of Seal Beach M2 Expenditure Report Fiscal Year Ended June 30, 2015 Beginning and Ending Balances Description Line No. Amount Balances at Beginning of Fiscal Year --..-- --- --'-- ----- - ------ ------ ----- - :M2 Fairshare ': --- _..- _.._------- ---.._ .. 1 -- $ 883,940_ '$- --- IM2 Fairshare Interest ----�- - --- -- '- - -... _. _...- ---- ---"" ----------- 2 - -' - -- ---'----g,531 -------------------- M2,CTFP -_...--- 3 $ (27,313) - - -- '-- -'- --- - -"" IM2 CTFP Interest -'- .------ --- .. ---- 4 --- - - ---- - $ _ -`- -- ------- - -- --- -- ---- - - ---- - . :Other M2 Funding ---- -- 5 — -- ---- -- -- - - ---- $ (400,050) ---- 6 :Other* ._..-__ .................__ .._..._- _.-- .._.._......- -.._.. 7 - Balances at Beginning of Fiscal Year (Sum Lines 1 to 7) ----- 8 $ 465,108 Monies Made Available During Fiscal Year ..__...............--.._-...._. ...................-_.- 9 $ 496,048 -------- Total Monies Available (Sum Lines 8 & 9) ...-'-- ---------'... _.._-- --------- _...-- - - -- 10 $ 961,156 ..._- - -_._ :Expenditures During Fiscal Year - ._. --- 11 $ 1,001,790 —_. _.... ..._`-�---- -- -- --- -- ---- - -- ---.-- - - -- — — — ' - - ---. Balances at End of Fiscal Year _....I ............ ........_..._......_ - -- _ ...... M2 Fairshare ---------- .--- -- 12 $ 854,924 — -------- - - --- -- - — :M2 Fairshare Interest _ _ - 13 $ 16,305 -- — ;M2CTFP 14 $ (411,652) :M2 CTFP Interest 15 ;Other M2 Funding 16 $ (500,211) . ---------------- .... .... . ----- - - - - -' - - ------ :Other M2 Interest _.._.._.._..._ __..-- -- ------ — ....... 17 $ - ,-- -'- - ---- --- .._. 'Other _ _ 18 ..._.--------.. -- - -- * Please provide a specific description CTFP - Comprehensive Transportation Funding Programs Schedule 1 0 City of Seal Beach M2 Expenditure Report Schedule 2 Fiscal Year Ended June 30, 2015 Sources and Uses Description Line Amount Amount No. Total Revenues: A -M $ - _ .......... -------------- _.--------------- .......... . --------- ...._. W2 Fairshare -- .._...._---- -'-- _._._....... -_- --- - - - - -- - ---- 1 $ 388,215 - - -- .M2 Fairshare Interest .. ....- --- ---- --- ' ......... .... ...........------ . 2 $ 7,774 ---�--- 'M2 CTFP (Project O� -3- ......�- -- --.. !M2 CTFP Interest .. _..,— --_--._.-._-_._.._.. ...... ... .........__.............._._ 4 _ ----- ;Other M2 Funding ** _._ _ - -- 5 - - - - - -1 ......... $ 100,059 6t.her M2ln—er' e st ._ f - -- — - ...Other* — ---- .... 7.._-- -_.... TOTAL REVENUES (Sum lines 1 to 7) 8 $ 496,048 Expenditures: ._- .- ..-- ---- MOW $ 62,075.00 ----- -- ----------_._.----'— — -- — - ---- ;N12 Fairshare .,- ,_....._.__._..,,_...... _.. _......._-------- _--- . - - -._ --_ _ g 417,231 - i M2 Fairshare Interest .. -----.._....._ Safe Transitstops . M2 CTFP Project, - $ - 38 �M2 CTFP Interest -.- 12 -$ --__.,-------- Other IV12 Funding ** 13 $ 200,220 :Other M2 Interest .....,.,... _..... _. .___..._ .... ........ 14 .._- __------ ...- --------- ......_._. Other` 15 _.........__ ,.. TOTAL EXPENDITURES (Sum lines 9 to 15) 16 $ 1,001,790 TOTAL BALANCE (Subtract line 16 from 8) 17 $ (505,742) Please provide a specific description ** Please provide breakdown of "Other M2 Funding ". Other M2 Funding includes funding received and /or funds expended by Local Agencies from any other M2 program besides Project O (Regional Capacity Program) and Project Q(Local Fair Share Program). Revenues Project Description Project Amount Interest Total Freeway Environmental Mitigation A -M $ - $ $ - Regional Traffic Signal Synchronization Program p High Frequency Metrolink Service R Transit Extensions to Metrolink S $ - $ - $ Convert Metrolink Station(s) to Regional Gateways that connect Orange County with High -Speed Rail Systems T $ $ - $ - Senior Mobility Program or Senior Non - Emergency Medical Program u $ 62,075.00 $ _ $ 62,075.00 Community Based Transit /Circulators V $ $ - $ - Safe Transitstops W $ - $ $ . Water Quality Program 37,984.0 $ 0 Total $ 100,059.00 $ - $ 100,059.00 Expenditures Project Description Project Amount Interest Total Freeway Environmental Mitigation A -M $ $ $ Regional Traffic Signal Synchronization Program P High Frequency Metrolink Service R Transit Extensions to Metrolink S $ - $ $ Convert Metrolink Station(s) to Regional Gateways that connect Orange County with High -Speed Rail Systems T $ Senior Mobility Program or Senior Non - Emergency Medical Program U $ 200,220.00 $ $ 200,220.00 Community Based Transit /Circulators V $ - $ Safe Transit Stops W $ , $ $ Water Quality Program Total $ 200,220.00 $ - $ 200,220.00 O I t aqo 0 LL y N I 76 I ;5 0 0 G:. 5:.a 2:3: 50 I O Nc 0 0 0 Gd r-1 NC 0 E 0 G:. 5:.a 2:3: 50 I O h L City of Seal Beach M2 Expenditure Report Fiscal Year Ended June 30, 2015 Fairshare Project List Schedule 4 City of Seal Beach M2 Expenditure Report Fiscal Year Ended June 30, 2015 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: VICTORIA L. BEATLEY Director of Finance Signature I I . Zs. Zc�l Date