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Resolution 22-61
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RESOUTION NO. 22-61
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA,
CONCERNING THE MEASURE M2 (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 (OCTA) in
order to remain eligible to receive M2 funds; and
WHEREAS, local jurisdictions are required to adopt an annual M2 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 jurisdiction in the M2
Expenditure Report that satisfy the Maintenance of Effort requirements; and
WHEREAS, the M2 Expenditure Report shall include all Net Rei venue fund
balances, interest earned and expenditures identified by type and program or project; and
WHEREAS, the M2 Expenditure Report must be adopted and submitted to the 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 M2.
NOW, THEREFORE, BE IT RESOLVED that the City Council for the City of Tustin,
California does hereby inform OCTA 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
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 OCTA for the fiscal year ending June 30, 2022.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the
City of Tustin, California, held on the 15th day of November, 2022.
_______________________
AUSTIN LUMBARD,
Mayor
DocuSign Envelope ID: 4C8A5F8C-FC2C-41CE-A971-C7F533AB29A8
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Resolution 22-61
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ATTEST:
____________________________
ERICA N. YASUDA,
City Clerk
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. 22-61 was duly
passed and adopted at a regular meeting of the Tustin City Council, held on the 15th day
of November, 2022, by the following vote:
COUNCILMEMBER AYES: Lumbard, Clark, Gallagher, Gomez (4)
COUNCILMEMBER NOES: (0)
COUNCILMEMBER ABSTAINED: (0)
COUNCILMEMBER ABSENT: Cooper (1)
____________________________
ERICA N. YASUDA,
City Clerk
DocuSign Envelope ID: 4C8A5F8C-FC2C-41CE-A971-C7F533AB29A8