HomeMy WebLinkAbout07 MEASURE M2 FAIRSHARE ANNUAL EXPENDITURE REPORTMEETING DATE: DECEMBER 4, 2018
TO: JEFFREY C. PARKER, CITY MANAGER
FROM: JOHN A. BUCHANAN, 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 $1,455,691.
RECOMMENDATION:
It is recommended that the Tustin City Council Adopt Resolution No. 18-90, adopting the
Measure M2 Expenditure Report for Fiscal Year 2017-2018 (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.
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.
Measure M2 Fairshare Expenditure Report
December 4, 2018
Page 2
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 2017-2018 is attached to this agenda
report. For Fiscal Year 2017-2018, the City received $1,530,636 in M2 Fairshare revenues
for the period of July 2017 through June 2018. The City expended $7,458,402 in Measure
M2 sources during Fiscal Year 2017-2018. These expenditures include $1,660,120, 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 $5,390,852
in Fiscal Year 2017-2018, 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 $5,926,284.
John .Buchanan Sean Tran
--Rn-an,6e Director Deputy Director of Finance — Admin Services
Gle da Babbitt
Management Analyst
Attachments: Measure M2 Expenditure Report for Fiscal Year 2017-2018
Resolution No. 18-90
City/County of
M2 Expenditure Report
Fiscal Year Ended June 30, 2018
Beginning and Ending Balances
Schedule 1
* Please provide a specific description
*Other amount is associated with State and Local
Partnership Program payments.
Line
Description
Amount
Interest
No.
Balances at Beginning of Fiscal Year
A -M
al Mitigation
Freeway Environmenta-1.
1
$
-
$
-
0
Regional Capacity Program (RCP)
2
$
5,852,660
$
31,715
P
Regional Traffic Signal Synchronization Program (RTSSP)
3
$
-
$
-
Q
Local Fair Share ...... ......... ........ _
4
$
2,897,858
$
946 _
R
High Frequency Metrolink Service
5
$ _....
........ -
$
-
S
...... ....
Transit Extensions to Metrolink
6
$
-
............................................
$
....................... -
Convert Metrolink Station(s) to Regional Gateways that
7
$
$
T
connect Orange County with High -Speed Rail Systems
Senior Mobility Program or Senior Non -Emergency Medical
8
$
48,777
$
35
U
Program
V
Community Based Transit/Circulators ............._.....................................
9
$
-
............................................
$
-
W
_ ...................._..........._......................_
Safe Transit Stops
10
$
-
$
-
X
Environmental Cleanup Program (Water,Quality)
11
$2,090,104
$
14,553
Other*
12
$
(669,427)
$
-
Balances at Beginning of Fiscal Year
_ . ......... .............
13
$
10,219,972
$ _
47,249
Monies Made Available During Fiscal Year
14
$
1,965,667
$
140,283
Total Monies Available (Sum Lines 13 & 14)
.................................................................................... .
15
$
12,185,639
$
187,532
Expenditures During Fiscal Year
16
$
7,318,119
$
140,283
Balances at End of Fiscal Year
_:::alb:._
w k-
A -M
. _._.e.. _..... . _..._.... ._
.. ...
Freeway Environmental Mitigation17
.............. .
$
-
$
-
O
...................... ...
Regional Capacity Program (RCP)
18
$
689,627
$
P
Regional Traffic Signal Synchronization Program (RTSSP)
19
$
-
$
-
Q
................ _..... e............,...,.... ......... ................................................. ....... ........................... ..,........ . ..... ..,................... ..
Local Fair Share20
.. ......... --'Irl .................................................................................._
.... ........
$ ...........-................................................_......_...__
..................
2,871,418
$
32,657
R
High Frequency Metrolink Service
21
$-
..
$
-
S
Transit Extensions to Metrolink
22
$-
......... .......
.......................... ........ .
$
Convert Metrolink Station(s) to Regional Gateways that
23
$
$
T
connect Orange County with High -Speed Rail Systems
..__
-
.............................
_ .....................
.
Senior Mobility Program or Senior Non -Emergency Medical
24
$
59,113
$
4,158
U
Program
V
Community Based Transit/Circulators
25
$
-
$
W
Safe Transit Stops
26
$-
$
-
X
Environmental Cleanup Program (Water Quality)27
.. _
$
2,258,877
$
...
10,434
Other* 1
28 1
$
(1,011,515)
$
-
* Please provide a specific description
*Other amount is associated with State and Local
Partnership Program payments.
City/County of M2 Expenditure Report Schedule 2
Fiscal Year Ended June 30, 2018
Sources and Uses
* Please provide a specific description
Main Street Improvements - $696 - General Fund Funding
Median Landscape Rehab - $31,055 - Gas Tax Funding
FY 16/17 Major Pavement Maintenance - $145,206 - Gas Tax Funding
FY 17/18 Major Pavement Maintenance - $68,544 - Gas Tax Funding
E/B EI Camino Real @ Jamboree Rd Improvement - $84,131 -Gas Tax Funding
Transit Circulator Feasibility Study - $12,456 - Gas Tax Funding
**This figure recognizes receipt of $247,388 received in September 2018
Line
Description
Amount
Interest
No.
Revenues:
A -M Freeway Environmental Mitigation
1
$
-
$
-
.... .......
O Regional Capacity Program (RCP)
2
$
.........
5,336
$
.. .......
470
P Regional Traffic Signal Synchronization Program (RTSSP)
3
$
-
$
-
Q Local Fair Share**4
...... ....
$
1,530,636
$
134,755
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
......... ......... ......,.. ......... ........ ........
U Senior Mobility Program or Senior Non -Emergency Medical Program
.....
.
8
$
57,453
$
5,058
V Community Based Transit/Circulators ........
9
$
-
$
-
................... p
W Safe Transit Stops
10
$
-
$
X Environmental Cleanup Program Water Qualit
P g (...' y) .....
11
$
372, 242
$
Other*
12
$
-
$
-
TOTAL REVENUES (Sum lines 1 to 12)
13
$
1,965,667
$
140,283
Expenditures:
.Environmental
A -M Freeway Mitigation
14
$
$
-
O Regional Capacity Program (RCP)
15
$
5,168,369
$
32,185
P Regional Traffic Signal Synchronization Program (RTSSP)
16
$
-
$
-
Q Local Fair Share17
........ _............ .... _..
$
1,557,076
$
103,044
R High Frequency Metrolink Service
18
$
-
$
S Transit Extensions to Metrolink
19
$
$
-
Convert Metrolink Station(s) to Regional Gateways that connect
20
$
$
T
Orange County with High -Speed RailSystems
...._
U Senior Mobility Program or Senior Non -Emergency Medical Program
21
$
47,117
$
935
V Community Based Transit/Circulators
22
$
-
$
-
W Safe Transit Stops . . ......... .. ... .. ......._._
23
$
-
$
..._....
X Environmental Cleanup Program (Water Quality)
_ ..._ ..............._.............. .........,............................................
_ 24
$
203,469
$
.............
4,119
Other*
25
$
342,088
$
-
TOTAL EXPENDITURES (Sum lines 14 to 25)
26
$
7,318,119
$
140,283
TOTAL BALANCE (Subtract line 26 from 13)
27
$
(5,352,452)
$
-
* Please provide a specific description
Main Street Improvements - $696 - General Fund Funding
Median Landscape Rehab - $31,055 - Gas Tax Funding
FY 16/17 Major Pavement Maintenance - $145,206 - Gas Tax Funding
FY 17/18 Major Pavement Maintenance - $68,544 - Gas Tax Funding
E/B EI Camino Real @ Jamboree Rd Improvement - $84,131 -Gas Tax Funding
Transit Circulator Feasibility Study - $12,456 - Gas Tax Funding
**This figure recognizes receipt of $247,388 received in September 2018
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City/County of
M2 Expenditure Report
Fiscal Year Ended June 30, 2018
Local Fair Share Project List
PROJECT NAME AMOUNT EXPENDED
Median Landscape Rehab $593,995
Traffic Signal Contoller Equipment upgrades and replacements
$108,472
Seventeenth Street Signal Synchronizationp
$9,570
ffi
Main Street Improvements such as traffic striping, installation of
g I
1
mediums, enhanced landscaping, and widening of sidewalks
$95,254
Edinger Avenue/Irvine Center Drive Traffic Signal Synchronization
$8,640
Tustin Ranch Road/Von Karman Avenue Traffic Signal Synchronizatior
$36,256
Lansdowne Road and Valencia Avenue Traffic Signal Installation
$10,000
Parkcenter Lane and Bryan Avenue Traffic Signal Installation
$8,045
Dentention Basin and Water Quality Installation @ Red Hill & Barranca
$218,486
Annual Major Pavement Maintenance
$225,370
Red Hill Avenue Widening between Warner Avenue & Edinger Ave
$29,590
Eastbound EI Camino Real @ Jamboree Road Improvement
$64,033
Bank Service Charges
$5,640
Direct charge for labor associated with these projects
$246,769
Schedule 4
City/County of
M2 Expenditure Report
Fiscal Year Ended June 30, 2018
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 Buchanan //" V - 2,,Ole
Director of Finance (Print Name) Date
Si nature
RESOLUTION NO. 18-90
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN, CALIFORNIA, THE ANNUAL MEASURE M2
FAIRSHARE EXPENDITURE REPORT FOR FISCAL YEAR
2017-2018
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. 18-90
Pg. 1
PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin,
California, held on the 4th day of December, 2018.
Elwyn A. Murray,
Mayor
ATTEST:
ERICA N. YASUDA,
City Clerk
pg. 2
Resolution No. 18-90
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
I, Erica N. Yasuda, 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. 18-90
was duly passed and adopted at a regular meeting of the Tustin City Council, held on
the 4th day of December, 2018, by the following vote:
COUNCILMEMBER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:
COUNCILMEMBER ABSENT:
ERICA N. YASUDA
City Clerk
Resolution No. 18-90
pg. 3