HomeMy WebLinkAbout08 MEASURE M2 FAIRSHARE ANNUAL EXPENDITURE REPORTMEETING DATE: December 19, 2017
TO: JEFFREY C. PARKER, CITY MANAGER
FROM: JOHN A. BUCHANAN, ACTING FINANCE DIRECTOR
SUBJECT: MEASURE M2 FAIRSHARE ANNUAL EXPENDITURE REPORT
SUMMARY:
The Local Transportation Authority Ordinance No. 3 requires the City to adopt an annual
Expenditure Report to account for the Net Revenues, developer/traffic impact fees, and
funds expended by the City which satisfy the Maintenance of Effort (MOE). The Orange
County Transportation Authority (OCTA) established the MOE benchmark in conjunction
with passage of the original Measure M. MOE is a requirement that the City expend local
funds on transportation related projects each fiscal year in order to be eligible to receive
Measure M2 Fairshare funds, the City's required MOE expenditure is $1,222,756.
RECOMMENDATION:
It is recommended that the Tustin City Council Adopt Resolution No. 17-59, adopting the
Measure M2 Expenditure Report for Fiscal Year 2016-2017 (attached) and direct staff to
file the report with the Orange County Transportation Authority.
FISCAL IMPACT:
There is no fiscal impact associated with this Agenda Item other than staff time.
CORRELATION TO THE STRATEGIC PLAN:
Filing the Measure M2 Fairshare Annual Expenditure Report contributes to the City's
Strategic Plan Goal C, by ensuring that the City adheres to the Local Transportation
Authority Ordinance Number 3 and continues to receive Measure M2 Fairshare funds.
Measure M2 Fairshare Expenditure Report Page 2
December 19, 2017
BACKGROUND:
Voters approved the renewed Measure M (referred to as Measure M2) on November 7,
2006. Measure M2 is a 30 -year, multi -billion dollar program extension of the original
Measure M (1991-2011) with a new slate of projects and programs that's managed by
OCTA. With passage of Measure M2, additional eligibility requirements must be
established and maintained by the City in order for the City to receive Measure M2
Fairshare funds, which represent a proportionate share of the 1/2% sales tax.
The Local Transportation Authority Ordinance No. 3 requires the City to adopt an annual
Expenditure Report to account for Measure M2 Fairshare, other Measure M2 funding
(includes Senior Mobility program), developer/traffic impact fees, and funds expended by
the City which satisfy MOE. The Annual Expenditure Report must be adopted by the City
Council and submitted to OCTA by the end of six (6) months following the end of the
City's fiscal year.
The Measure M2 Expenditure Report for Fiscal Year 2016-2017 is attached to this
agenda report. For Fiscal Year 2016-2017, the City received $1,493,414 in M2 Fairshare
revenues for the period of July through June 2017. The City expended $1,620,617 in
Measure M2 sources during Fiscal Year 2016-2017. These expenditures include
$892,998, in Fairshare funds (includes interest) for various projects (traffic signal
improvements, pedestrian enhancements, catch basin inserts, etc.). The Measure M2
program requires that interest earned by Fairshare allocations needs to be expended in
the same manner and under the same time constraints as regular Fairshare allocations.
Therefore, interest earnings are expended prior to regular Fairshare allocations. The City
expended $2,831,452 in Fiscal Year 2016-2017 which satisfies Measure M2 MOE
requirements. A majority of the MOE expenditures were for projects in Tustin Legacy.
The ending fund balance for the Measure M2 fund is $10,936,648.
ei
ohn . Buchanan Sean Tran
A Director of Finance Deputy Director of Finance
Glenda Babbitt
Management Analyst
Attachments: Measure M2 Expenditure Report for Fiscal Year 2016-2017
Resolution No. 17-59
RESOLUTION NO. 17-59
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN, CALIFORNIA, THE ANNUAL MEASURE M2
FAIRSHARE EXPENDITURE REPORT FOR FISCAL YEAR
2016-2017
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 eligible jurisdictions 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 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, BE IT RESOLVED that the City Council of the City of Tustin,
does hereby inform Orange County Transportation Authority that:
a) The Measure M2 Expenditure Report is in conformance with the Measure 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 Measure M2 Expenditure Report is hereby adopted for the City of Tustin.
Resolution No. 17-59
Pg• 1
PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin,
California, held on the 19th day of December, 2017.
Elwyn A. Murray,
Mayor
ATTEST:
ERICA RABE,
City Clerk
Resolution No. 17-59
pg. 2
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
I, Erica Rabe, City Clerk and ex -officio Clerk of the City Council of the City of Tustin,
California, do hereby certify that the whole number of the members of the City Council
of the City of Tustin is five; that the above and foregoing Resolution No. 17-59 was duly
passed and adopted at a regular meeting of the Tustin City Council, held on the 19th day
of December, 2017, by the following vote:
COUNCILMEMBER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:
COUNCILMEMBER ABSENT:
ERICA RABE
City Clerk
Resolution No. 17-59
pg. 3
City of Tustin
M2 Expenditure Report
Fiscal Year Ended June 30, 2017
Beginning and Ending Balances
Schedule 1
Description
Line
Amount
Interest
No.
Balances at Beginning of Fiscal Year
---------
1
$
-
$
-
A -M ; Freeway Environmental Mitigation
,-----------------------------......---------------------------
O ;Regional Capacity Program2
---------------------------------------------------------------
--------
---------
--...------------------.
$
------------------------
471,585
-------------------•----
$
---------------
5,929
------
P; Regional Traffic Signal Synchronization Program
3
$
$
-
Q ; M2 Fair Share
-;--------------------------------------------------------------
4
---------
$
------------------------
2,291,231
$
------------------------
-
R :High Frequency Metrolink Service5
$
-
$
-
---------------------------------------------------------------------
S ;Transit Extensions to Metrolink
---------
6
-------------
$
-- -- ---
-
-----------
$
-----------
-
---------------------------------------------------------------------
T ;Convert Metrolink Stations) to Regional Gateways that
--------
7
------------------•-----
$
---------------------_
$
,connect Orange County with High-Speed__Rail Systems
--••----
------------
-
-------
----------------
U ;Senior Mobility Program or Senior Non -Emergency Medical
8
$
39,730
$
--- ; Program -------
--------
------------------------
-----------------------
V :Community Based Transit/Circulators
9
$-
$
-
--°---------------------------------------------------------------
W :Safe Transit Stops
--------
10
------
$
---------------
-
- ---------------------
$
-
----------------------------------------------------•-•--------
;
X ; Water Quality Program
.................
---------
11
---------
------------------------
$
1,005,166
-----
$
------------------------
--------------- --
9,347
;Other*
... ---•-------- ----------------------------------------------------
12
---------
$
------------------------
9,952
$
-----------------
-
Balances at Beginning of Fiscal Year (Sum Lines 1 to 12)
-----------------------...........................................
13
..---
$
3,817,664
$
------
15,276
..
--Monies Made Available During Fiscal Year
---=---------------------------------------------------------------
14
---------
$
------------------------
8,016,482
$
------------------------
38,416
Total,Monie ..........lable (Sum Lines 13 -- 14)
- - - -
15___
$_____
11,834,146 -
$
-
53,692
-------
Expenditures During Fiscal Year
16
$
1,614,174
$
6,443
Balances at End of Fiscal Year
---------------------- ---------------------------------------------
A_M;Freeway Environmental Mitigation
17
$
-
$
0 ;Regional Capacity Program
---------
18
---------
------------------------
$
------------------------
5,852,660
------------------------
$
31,715
---------------------------------------------------------------------
P :Regional Traffic Signal Synchronization Program
19
$
-
-------------
$
---------
-
------------------------------------------------------------------ - --
Q ; M2 Fair Share
----------------------------------------------------------------------
---------
20
---------
------------------------
$
------------------------
2,897,858
----------------
$
-----------
------
946
R ; High Frequency Metrolink Service
,.__
21
$
-
$
-------•---
_._..
S ;Transit Extensions to Metrolink22
- - -
--
$
-
$
------------------------
-
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 ---------------------------------------------------
----- _
-------------
48,777
----
$
------------------------
35
V ;Community Based Transit/Circulators25
$
-
$
-
---------------------------------------------------------------------
W Safe Transit Stops26
------
---------
$
-
................
$
------
-
-----------------------------------------------------------------
X ; Water Quality Program _ ___27
----•
---------
---------------
$ --------•-------------
----
2,090,104
------...._..----.------
$
•-----------------'-
14,5.53.
;Other* 1
28 1
$
(669,427)
$
-
*-Other amount is associated with State and Local
Partnership Program payments.
City of Tustin M2 Expenditure Report Schedule 2
Fiscal Year Ended June 30, 2017
Sources and Uses
Description
Line
Amount
Interest
No.
Revenues: _...._
..---- ------------ ....----------------------------------------_... __..
al
A_M:FreewayE------ment----Mitigation
_-----•----------------------------1--_
O ; Regional Capacity Program
2
-$---------.-_.----
$
5,381,075
---------------
$
25,786
........................................
P :Regional Traffic Signal Synchronization Program
3 -
$
_
$
Q M2 Fair Share
4
$
1,493,414
$
7,157
----------------------------------------------------------
R ;High Frequency Metrolink Service
5
$
-----------------
-
$
-
S :Transit Extensions to Metrolink
----------------•--------------------------•--------.---------•----------------------
6$
------
-
-----------
--
$
-------------------
-
;Convert Metrolink Station(s) to Regional Gateways that connect
7
$
$
T
;Orange County with High -Speed Rail Systems
-
----•f---------------------•---_.....--------------------------------------------------------
U ;Senior Mobility Program or Senior Non_Emergency Medical Program
8 -
-------------------
$
55,690
-------•---•-------
$
267
V :Community Based Transit/Circulators
9
$
_
$
--
-
--------------------
W :Safe Transit Stops
10
$-
_
-----------------.
$
-
----------------------------------------------
XWater quality Program ................................................
11
$
1,086,303
$
--------
5,206
-
_----------
other*
12
$
-
$
-
TOTAL REVENUES (Sum lines 1 to 12)
13
$
8,016,482
$
38,416
Expenditures:
14
$
:
$
-
A -M: Freeway Environmental Mitigation
O ; Regional Capacity Program
.-- --- - -----1'$
15
$-
_
$
.--
-
P � Regional Traffic Signal Synchronization Program
16
$
-
-
Q M2 Fair Share
17$
886,787
$
6,211
--- -'•------------------------------------------------------------------------------•-
R ;High Frequency Metrolink
18_-_
$--------
- -r--- -------Service -------------------------------------------
S ;Transit Extensions to Metrolink
--------- ---------------------=--------------------------------
19
_$-_---------_---_.
$
-------------------
-
$
---
....----
-
-------------------
:Convert Metrolink Station(s) to Regional Gateways that connect
T
20
$
$
:Orange County with High -Speed Rail Systems
-------------------
--------------
I-------------------------------------------------------------------------------------
U :Senior Mobility Program or Senior Non_Emergency_Medical Program
21
$
46,643
$
232
V `Community Based Transit/Circulators
22
$
_
$
-
..................
W ;Safe Transit Stops
23
$
$
-----
------------------------------------------------------------
X :Water Quality Program
24
$
----•--------------
1,365$
-
---.-r.._...*-----------------------------------------------------------------------------
Other
25
$ 679,379
----------------•--
$ -
TOTAL EXPENDITURES (Sum lines 14 to 25)
26
$
1,614,174
$
6,443
TOTAL BALANCE (Subtract line 26 from 13)
27
$
6,402,308
$
31,973
* Other Expenditures
Traffic Calming @ Main St & Bryan - $268 - Gas Tax Funding
FY 15/16 Major Pavement Maintenance - $171,446 - Gas Tax Funding
FY 16/17 Major Pavement Main - $89,510 - Gas Tax Funding
Main Street Improvements - $198,000 - SCAQMD Funding
FY 13/14 Major Pavement Maintenance - $1,595 - Gas Tax Funding
FY 15/16 Major Pavement Maintenance - $100,450 - Gas Tax Funding
FY 16/17 Major Pavement Maintenance - $118,110 - Gas Tax Funding
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City of Tustin
M2 Expenditure Report
Fiscal Year Ended June 30, 2017
M2 Fair Share Project List
PROJECT NAME
AMOUNT EXPENDED
Median Landscape Rehab
---------------------------------------------------------------------------------------------------------
23,779
Traffic Signal controller equipment upgrades and replacements
..........................................................................................................
20,203
Newport Avenue Signal Synchronization Project
..........................................................................................................
5,040
Seventeenth Street Signal Synchronization Project
__________________________________________________________________________________.--_.---.-.-.--__.____---
1,920
Main Street Improvements such as traffic striping, installation of
.......................................................................................
medians, enhanced landscaping, and widening of sidewalks
________________________________________________________________________________________________________
73,131
Edinger Ave/Irvine Center Dr Signal Synchronization Project
........................................................................................................
1,120
Tustin Ranch Rd/Von Karman Ave Signal Synchronization Project
..........................................................................................................
1,441
Parkcenter
.Lane./Bryan.-Ave Tra.ffic Signal.Project
..........................................................................................
........
1,130..
Dentention Basin and Water Quality Installation @ Red Hill & Barranca
..........................................................................................................
606,202
Annual major pavement maintenance
..........................................................................................................
93,189
Red Hill Avenue Widening between Barranca Parkway & Warner Ave
.........................................................................................................
34,886
Improvement Project @ E/B EI Camino Real and Jamboree Road
..........................................................................................................
7,115
Bank Service Charges
________________________________________________________________________________________________________
3,396
Direct charge for labor associated with these projects
.........................................................................................................
_________________________________________________________________________________________________
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20,446
_...........
...........
$ 892,998.00.
Schedule 4
City of Tustin
M2 Expenditure Report
Fiscal Year Ended June 30, 2017
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:
John A. Buchanan
Acting Director of Finance Date
Signat re