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Home My WebLink About05 MEASURE M2 FAIRSHARE ANNUAL EXPENDITURE REPORTMEETING DATE: DECEMBER 3, 2019 TO: MATTHEW S. WEST, 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. 19-60, adopting the Measure M2 Expenditure Report for Fiscal Year 2018-2019 (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 3, 2019 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 2018-2019 is attached to this agenda report. For Fiscal Year 2018-2019, the City received $1,673,465 in M2 Fairshare revenues for the period of July 2018 through June 2019. The City expended $2,429,389 in Measure M2 sources during Fiscal Year 2018-2019. These expenditures include $1,495,635, in Fairshare funds (includes interest) for various projects (traffic signal improvements, pedestrian enhancements, catch basin inserts, etc.). The Measure M2 program requires interest earned by Fairshare allocations 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 $8,564,085 from various funds (including General Fund) in Fiscal Year 2018-2019, 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 $5,378,783. ✓r^� c0_p� ,/Jo n A. Buchanan Sean Tran finance Director Deputy Director of Finance — Admin Services I; RESOLUTION NO. 19-60 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, CONCERNING THE MEASURE M2 EXPENDITURE REPORT FOR THE CITY OF TUSTIN, CALIFORNIA. WHEREAS, local jurisdictions are required to meet eligibility requirements and submit eligibility verification packages to the Orange County Transportation Authority in order to remain eligible to receive M2 funds; and WHEREAS, local jurisdictions are required to adopt an annual Expenditure Report as part of one of the eligibility requirements; and WHEREAS, local jurisdictions are required to account for Net Revenues, developer/traffic impact fees, and funds expended by local jurisdictions in the Expenditure Report that 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 M2. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Tustin, California does hereby inform the Orange County Transportation Authority that: a) The M2 Expenditure Report is in conformance with the template provided in the Measure M2 Eligibility Guidelines and accounts for Net Revenues including interest earned, expenditures during the fiscal year and balances at the end of the fiscal year. b) The M2 Expenditure Report is hereby adopted by the City of Tustin, California. c) The City of Tustin Finance Director is hereby authorized to sign and submit the M2 Expenditure Report to the Orange County Transportation Authority for the fiscal year ending June 30, 2019. Resolution No. 19-60 Pg. 1 PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Tustin, California, held on the V day of December, 2019. CHARLES "CHUCK" E. PUCKETT, Mayor ATTEST: ERICA N. YASUDA, City Clerk Resolution No. 19-60 pg. 2 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. 19-60 was duly passed and adopted at a regular meeting of the Tustin City Council, held on the 3rd day of December, 2019, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED.- COUNCILMEMBER BSTAINED:COUNCILMEMBER ABSENT: ERICA N. YASUDA City Clerk Resolution No. 19-60 pg. 3 City/County of M2 Expenditure Report Fiscal Year Ended June 30, 2019 Beginning and Ending Balances Schedule 1 Description Line Linn Amount Interest I Balances at Beginning of Fiscal Year A -M'; Freeway Environmental Mitigation 1 $ - O ;Regional Capacity Program (RCP) 2 $ 734,498 $ - P Regional Traffic Signal Synchronization Program (RTSSP) 3 $ - $ - Q ;Local Fair Share 4 $ 2_,871,418 $ 3.2,657 ;High Frequency Metrolink Service 5- _11 S ;Transit Extensions to Metrolink 6- T Convert Metrolink Station(s) to Regional Gateways that 7 $ $ connect Orange County with High -Speed Rail Systems :Senior Mobility Program or Senior Non -Emergency Medical 8 $ 59,113 $ 4,158 'Program V Community Based Transit/Circulators 9 $ (44,871) $ - W Safe Transit Stops 10 $ - $ - X ; Environmental Cleanup Program (Water Quality) 11 $ 2,258,877 $ 10,434 :Other* 12 $ (1,011,515) $ - Balances at Beginning of Fiscal Year 13 $4,867,520 ---— — ----- $ 47,249 -----._ - :Monies Made Available During Fiscal Year 14 $ 2,465,961 $ 104,130 Total Monies Available (Sum Lines 13 & 14) 15 $ 7,333,481 $ 151,379 Expenditures During Fiscal Year 16 $ 3,653,904 $ 151,379 Balances at End of Fiscal Year A -M ' Freeway Environmental Mitigation 17 $ - $ - O 'Regional Capacity Program (RCP) 18 $ 756,892 $ - P Regional Traffic Signal Synchronization Program (RTSSP) 19 $ - $ - Q ,Local Fair Share 20 $ 3,153,163 $ - R High Frequency Metrolink Service 21 $ - $ - 5 Transit Extensions to Metrolink 22- T Convert Metrolink Station(s) to Regional Gateways that 23 $ $ connect Orange County with High -Speed Rail Systems - - U Senior Mobility Program or Senior Non -Emergency Medical 24 $ 77,377 $ Program V Community Based Transit/Circulators 25 $ - $ - W Safe Transit Stops 26 $ - $ - X Environmental Cleanup Program (Water Quality) 27 $ 2,079,554 $ - Other* 28 $ (2,387,409) $ - * Please provide a specific description * Other amount is associated with State and Local Partnership Program payments. **Expenditures for Project V were miscategorized as Project O expenditures thereby resulting in the differing beginning balances from the prior FY ending balances. City/County of M2 Expenditure Report Schedule 2 Fiscal Year Ended June 30, 2019 Sources and Uses Description in Amount Interest Revenues: 1 -$ - -$ - A_M:Freeway Environmental Mitigation -------------------•--------------------------.._...- O :Regional Capacity Program (RCP) 2 ---------_ $ ---- 684,682 30,192 P ; Regional Traffic Signal Synchronization Program (RTSSP) 3 $ - $ .................. - Q Local Fair Share ' 4 $ 1,673,465 $ 71,258 --------------- ----------------------- .. R ;High Frequency Metrolink Service _ _ 5 _ --------- - ... - 5 :Transit Extensions to Metrolink ..---------------------------------•----.._...-----....•-•-••••.......-----•...._.. _ 6 ............................ $ - $ ................... - :Convert Metrolink Station(s) to Regional Gateways that connect T 7 $ _ $ :Orange County with High -Speed Rail Systems U ;Senior Mobility Program or Senior Non -Emergency Medical Program 8 $ 62,943 $ 2,680 V :Community Based Transit/Circulators 9 $ 44,871 $ - ------------ --- ------------------- ---- -------------- - W :Safe Transit Stops 10 $ -------- - .....----...... $ ,. ........ .•. --•-•...................... X : Environmental Cleanup Program (Water Quality) ----------------....---• 11 $ __.....-•--•- - ................. $ - :Other* ........................................ 12 $ - $ - TOTAL REVENUES (Sum lines 1 to 12) 13 $ 2,465,961 $ 104,130 Expenditures: 14$ - $ A -M1. ; Freeway Environmental Mitigation ............................................................................ O :Regional Capacity Program (RCP) -.................... .--------------------------------------------------------- -•--•-•• 15 -------- ................... $ ------ -662,288 -----•--- ................... $ ------------------ 30,192 P :Regional Traffic Signal Synchronization Program (RTSSP) 16 $ $ - .._....... Q ;Local Fair Share $ ........... $ iks- 10----- R : High Frequency Metrolink Service -- 18 $ ------ --- - $ - •, - - .-- ----------------------------------------- S ;Transit Extensions to Metrolink ............ ------------------------------------------------------------------ 19 ............................ $ - ---------- - --------•----- $ - -.------------. :Convert Metrolink Station(s) to Regional Gateways that connect T - :Orange County with High -Speed Rail Systems -, 20 $ - $ - -- U ;Senior Mobility Program or Senior Non -Emergency Medical Program 21 $ 44,679 $ 6,838 V : Community Based Transit/Circulators 22 $ $ - -----------••......-• W :Safe Transit Stops---- 23 $ - ------------------ $ - --•----------------- ------ - X ;Environmental Cleanup Program (Water Quality) 24 -.. $ - ------ 3 - $ - 10,434 ; Other* 25 $ 1,375,894 $ - TAL EXPENDITURES (Sum lines 14 to 25) 26 $ 3,653,904 $ 151,379TAL FBALANCE (Subtract line 26 from 13) 27 $ (1,187,943) $ (47,249) * Please provide a specific description FY 16/17 Major Pavement Maintenance - $650 - Gas Tax Funding FY 17/18 Major Pavement Maintenance - $99,700 - Gas Tax Funding FY 18/19 Major Pavement Maintenance - $29,662 - Gas Tax Funding Newport Ave Rehabilitation from 1-5 and Holt - $65,917 - S133 Funding Newport Ave Rehabilitation from Sycamore and 1-5 - $65,917 - SB3 Funding Del Amo Ave and Newport Ave Improvements - $260 - Gas Tax Funding Median Landscape Rehabilitation - $838,898 - Gas Tax Funding Lansdowne/Valencia Traffic Signal Improvements - $100,907 - S81 Funding Parkcenter/Bryan Ave Traffic Signal Improvements - $173,983 - SBI Funding :ity/County of M2 Expenditure Report Fiscal Year Ended June 30, 2019 Streets and Roads Detailed Use of Funds Schedule 3 s Includes diren charges for stafftime t Loral fu d-cito satisfy maintenance ofeffort(MOE) requirements a Other M2 WWI -A -M, R,S,T,U,V, and W Transportation related only • Please pmvideaspecific dexription Rail Systems FY 16/17 Major Pavement Maintenance - $650 -Gas Tax Funding FY 17/18 Mupr Pavement Maintenance - $99,70) -Gas Tax Funding FY 18/19 Major Pavement Maintenance - $29,662 -bas Tax Fundin. Newport Ave Rehabilit h.n from 1-5 and Holt -$65,917-581 Funding Newport Ave Rehabilitation from Sycamore and 1 -5 -$65,917 -SBI Funding Del Amo Ave and Newport Ave Improvements - $260 - Gas Tax Funding Median Land -;,e Rehabilitation -$838,898- Gas Tax Funding Lansc-N.1encia Traffic Signal Improvements -$1(10,907 -Sgt Funding Parkcenter/Bryan Ave Traffic Signal Improvements -$173,983 -SBS Funding Other Typeof Eapenditure Line MOE' *Developer/ 0 O p p O O x x other M2 other' TOTAL No. Impact Fels Interest Interest Interest Interest M2a Interest Indirect and/or Overhead 1 230,468 0 D 0 0 0 93,710 0 0 0 0 0 0 324,178 Construction&Right-ol-WayKI 2 4,592,915 5,351,975 0 0 0 New Street Construction 0 0 0 0 0 0 0 0 9,944,890 Street Reconstruction 3 1,102,594 885,323 662,288 30,192 0 0 0 0 0 0 0 0 0 2,680,397 Signals, Safety Devices,&Street Lights 4 75,00) 0 0 0 0 8,179 953 0 0 0 D 274,890 359,022 pedestrian Ways&Bikepaths 5 340,586 1,184,899 0 0 0 0 0 0 0 0 0 0 0 1,525,485 Storm Drains 6 0 0 D 0 0 0 179,323 10,434 0 0 0 189,751 Storm Damage 7 0 0 0 0 0 0 D 0 0 0 0 0 0 0 Total Constnac., 8 6,111,095 7,422,197 662,288 30,192 0 0 8,179 953 179,323 10,434 0 0 274,890 14,699,551 Right of Way Acpuisition 9 0 0 0 0 0 0 0 0 0 0 D 0 0 0 Total Construction&Right-of-Way 10 6,111,095 7,422,197 662,288 30,192 0 0 9,179 953 - ' 179,323 10,434 0 0 274,890 14,699,551 Maintenance 11 72,883 0 0 0 0 0 208,215 16,746 0 0 0 0 261,456 559,300 patching Overlay & Sealing 12 1,492,500 0 0 0 0 0 275,316 22,064 0 0 0 0 650 1,7901530 Street Lights &Traffic Signals 13 0 0 `0 0 0 117,104 9,524 0 0 0 0 0 126,628 Storm Damage 14 0 0 0 0 0 D 0 0 0 0 0 0 0 .. 0 .. .. Other Street Purpose Maintenarsce IS 65],139 0 0 0 0 0 686,206 54,628 0 0 D 0 838,896 2,236,971 Total Maintenance' 16 2,222,522 0 D 0 0 0 1,286,841 102,962 0 0 0 0 1,101,004 4,713,329 Other 17 0 0 0 0 0 0 2,990 0 0 0 44,679 6,838 0 54,507 GRAND TOTALS(S.. Lines 1, 10,16,17( 18 8,564,085 7,422,197 662,288 30,192 0 D 1,391,720 103,915 179,323 10,434 --16,838 1,375,094 19,791,565 s Includes diren charges for stafftime t Loral fu d-cito satisfy maintenance ofeffort(MOE) requirements a Other M2 WWI -A -M, R,S,T,U,V, and W Transportation related only • Please pmvideaspecific dexription Rail Systems FY 16/17 Major Pavement Maintenance - $650 -Gas Tax Funding FY 17/18 Mupr Pavement Maintenance - $99,70) -Gas Tax Funding FY 18/19 Major Pavement Maintenance - $29,662 -bas Tax Fundin. Newport Ave Rehabilit h.n from 1-5 and Holt -$65,917-581 Funding Newport Ave Rehabilitation from Sycamore and 1 -5 -$65,917 -SBI Funding Del Amo Ave and Newport Ave Improvements - $260 - Gas Tax Funding Median Land -;,e Rehabilitation -$838,898- Gas Tax Funding Lansc-N.1encia Traffic Signal Improvements -$1(10,907 -Sgt Funding Parkcenter/Bryan Ave Traffic Signal Improvements -$173,983 -SBS Funding City/County of M2 Expenditure Report Fiscal Year Ended June 30, 2019 Local Fair Share Project List Schedule 4 PROJECT NAME I AMOUNT EXPENDED Median Landscape Rehabilitation -------------------------------------•--•-----------------------•--...........•• ------------------------ 732,227.00 Traffic Signal Equipment Upgrades and Replacements -_ 99,598 17th Street Signal Synchronization Project ----..,_-.••-_• 6,905 Main Street Improvements ............... ......... .............................................. -------- 8,608 - .... Edinger Ave/Irvine Center Dr Traffic Signal Synchronization Project - .. ............... .•-.......... ....- ------ 3,894 ...._..•------ Tustin Ranch Rd/Von Karman Ave Traffic Signal S nchronization Project .. .... - .Y. --------------------- -_•......._..._• 16,231 Lansdowne Rd and Valencia Ave Traffic Signal Project ------------------------•--_-..--.----------__-----------------•-----------.---- ------------------------ 4,118 Parkcenter Lane and Bryan Ave Traffic Signal Project -•• ------------------ -- 5,013 - -- .....--- --- FY 17/18 Major Pavement Maintenance - --------------------------------------------------•--------------------...... .......---- 258,166 FY 1-8/19 Major Pavement Maintenance264 ---•........................••........---------...---.....------------...... ........................ 175 Bank Service Charges --- -----------------------------------•-----------------------.------..-.---- -.. - . 2 990 -.. Direct charge for labor associated with these projects_ _ -_ -- ..........................._... �.--.___• 93,710 $ 1,495,635.00 City/County of M2 Expenditure Report Fiscal Year Ended June 30, 2019 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 Buchnan /%'�9' ZDli Director of Finance (Print Name) Date Signa ure