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HomeMy WebLinkAbout05 MEASURE M2 FAIRSHARE ANNUAL EXPENDITURE REPORTDocuSign Envelope ID: 63BOC69D-1BFD-4B3F-8FDF-D6C835E73DF6 Agenda Item DS Reviewed: AGENDA REPORT City Manager Finance Director MEETING DATE: DECEMBER 5, 2023 TO: NICOLE M. BERNARD, ACTING CITY MANAGER FROM: JENNIFER KING, DIRECTOR OF FINANCE 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 for Fiscal Year 2022- 23 is $1,697,045. RECOMMENDATION: It is recommended that the City Council adopt Resolution No. 23-62, adopting the Measure M2 Expenditure Report for Fiscal Year 2022-2023 (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. DocuSign Envelope ID: 63BOC69D-1BFD-4B3F-8FDF-D6C835E73DF6 Measure M2 Fairshare Expenditure Report December 5, 2023 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 2022-2023 is attached to this agenda report. For Fiscal Year 2022-2023, the City received $2,164,234 in M2 Fairshare revenues for the period of July 2022 through June 2023. The City expended $2,089,990 in Measure M2 sources during Fiscal Year 2022-2023. These expenditures include $1,982,812 in Fairshare funds for various projects (traffic signal controller and synchronization improvements, pavement maintenance, etc.). The City expended $2,437,959 from various funds (including General Fund) in Fiscal Year 2022-2023, which satisfies Measure M2 MOE requirements. A portion of the MOE expenditures were for projects in Tustin Legacy. —I kfx-L-) Jenni r King Director of Finance/City Treasurer David Faraone Senior Management Analyst 11552" 4�' Sean Tfan Deputy Director of Finance Gle da Babbitt Management Analyst Attachments: Measure M2 Expenditure Report for the Fiscal Year 2022-2023 Resolution No. 23-62 DocuSign Envelope ID: 63BOC69D-1BFD-4B3F-8FDF-D6C835E73DF6 City/County of Tustin Schedule 1 M2 Expenditure Report Fiscal Year Ended June 30, 2023 Beginning and Ending Balances Description Line No. Amount Interest Balances at Beginning of Fiscal Year ................................................................. Freeway Projects ... ......... ............................ 1 - ...__................. $ - ..................._ !?._:Regional Capacity Program (RCP) ti._._.. 2 - $ - .. P ; Regional Traffic Signal Synchronization Program (RTSSP) .» .. 3 ...................... - ........................ $ - r............................................................. Q ;Local Fair Share --------- 4 ----»------------------» 2,966,839 »»»»»----------.-»-.-.»» $ (3,949) ......,........................................................................... R :High Frequency Metrolink Service 5 ..................................... - ......................... S ;Transit Extensions to Metrolink .. 6 ...................... - ..................._ $ - ..._•r---------------------------------------------------------------- T ;Convert Metrolink Station(s) to Regional Gateways that --------- 7 --------------------»»»- ------------------------ :connect Orange Countywith High, -Speed Rail Systems»»»»»»»»^ W. ..»...»»».. ......................................................... LI ;Senior Mobility Program or Senior Non -Emergency Medical 8 27,983 $ (37) ;Program ........................................................................................................................... V ;Community Based Transit/Circulators M 9 - $ - ..... ................................................................ W ;Safe Transit Stops 10 ...................... - .................... - r................................................................,......... X ;Environmental Cleanup Program (Water Quality) 11 ........................ - .$.._..._............--- $ - r......»... ...................... ................ »............... ....... ;Other* ....._..................... 12 - ........................ $ - Balances at Beginning of Fiscal Year 13 .................................................. 2,994,822 $ (3,986) ._....r................... .......................................................................... :Monies Made Available During Fiscal Year 14 2,246,388 $ 90,815 Total Monies Available (Sum Lines 13 & 14) 15 5,241,210 $ 86,829 ................................................................. ;Expenditures During Fiscal Year ......... 16 ................................................. 2,089,990 $ 86,829 Balances at End of Fiscal Year ................................................................ Freeway Projects 17 - - ..»._r................ »»..........» O Capacity Program (RCP) ........» 18 ......... ».»............ - $ - .;Regional ....,----------------------------------------------------------------- P :Regional Traffic Signal Synchronization Program (RTSSP) - 19 ................................................. - $ - ....r................................................................................................. Q ;Local Fair Share 20 ......... 3,148,261 ................................................ ............... $ - ...................................................................... R ;High Frequency Metrolink Service 21 - ......................................... S ;Transit Extensions to Metrolink 22 ».............................. - $ - ................................................................. Metrolink Station(s) to Regional Gateways that T ......... 23 ....................... ..............»--------- $ ;Convert connect Orange County with High -Speed Rail Systems . ..._ ............... ................._ ....... ................................................. ;Senior Mobility Program or Senior Non -Emergency Medical 24 2,959 $ :Program ......................................................................................................... ........................ V JCom m u nity Based Transit/Circulators 25___ ....................................................... W ;Safe Transit Stops 26 ________________________ - _$..__._____.._....»..:_ $ - .»»»»-r............................. .....»»»..».»».»»..».................... X ;Environmental Cleanup Program (Water Quality) ...».. 27 ..»»............»»»»,,.»» - .............» $ - ............................................................................................. ;Other* 28 - - DocuSign Envelope ID: 63BOC69D-1BFD-4B3F-8FDF-D6C835E73DF6 City/County of Tustin M2 Expenditure Report Schedule 2 Fiscal Year Ended June 30, 2023 Sources and Uses Description Line No. Amount Interest Revenues: A-M Freeway Projects $ O :Regional Capacity Program (RCP) -- ----. 2 $ -------------:.-$----.-.--..-----: .. -.y..- _ . . ..........- . .............. P ; Regional Traffic Signal Synchronization Program (RTSSP) .............................................................................................................................. .. 3 $ „_:, - _$................:. $ - .._.« Q :LocalFairShare 4 $ 2,164,234 $ 87,819 {_---«--------------------«__«------------.-------..-..-------------------- R :High Frequency Metrolink Service 5 ---«--------------- $ ------ $ ............................................................................................................... S :Transit Extensions to Metrolink ............................................................................................................................ 6 $ - .................... $ - T :Convert Metrolink Station(s) to Regional Gateways that connect 7 $ . . $ Orange County with High -Speed Rail Systems .««......................................«.«......................................... U :Senior Mobility Program or Senior Non -Emergency Medical Program ........................................................................................................................._.......... I................... 8 $ 81,704 ................... $ 2,996 V ;Community Based Transit/Circulators 9 $ - $ - A- ....-.......................................... W ;Safe Transit Stops 10 ..,............. $ - .,. $ ......«...._.. - ...---------------------------------------------------------------------------•------------------- X :Environmental Cleanup Program (Water Quality) 11 $ - .................... $ - .......................»..........................----.........................«..........................«..................--_... Other* 12 $ 450 $ - TOTAL REVENUES (Sum lines 1 to 12) 13 1 $ 2,246,388 $ 90,815 Expenditures: .................................................................................. A-M;Freeway Projects 14 $ - $ - ...y ------------------------------------------------------------------------------------- O :Regional Capacity Program (RCP) 15 ............... $ - ............... $ - ................... ........................ ............................. ................. P Regional Traffic Signal Synchronization Program (RTSSP) A--- ...... 16 ......... $ .......................... - $ . - ........................................................... Q ;Local Fair Share _..... 17 ...- .---- $1,982,812 ....... $83,870 .__y......................................................................................................... R : High Frequency Metrolink Service 18 $ - ............... $ - ................................................................................................................................... S :Transit Extensions to Metrolink 19 - - ..A_ .._ ..................................................... :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 $106,728 $2,959 A.. ..... .. - .................................... V :Community Based Transit/Circulators 22 ......- $ - $ - ----------------------------------------------------------------------- W :Safe Transit Stops 23 ------------------- $ - ------------------- $ - ........................................«...............----------..............................._................_...........---_.. X :Environmental Cleanup Program (Water Quality) 24 $ - _ .».A. .................................................... ........_ Other* ; 25 $450 »$» $ - TOTAL EXPENDITURES (Sum lines 14 to 25) 26 $ 2,089,990 $ 86,829 TOTAL BALANCE (Subtract line 26 from 13) 27 $ 156,398 $ 3,986 * Reimbursement from SCE for worked performed at 15400 1/2 Red Hill (project funded by Fairshare) DocuSign Envelope ID: 63BOC69D-1BFD-4B3F-8FDF-D6C835E73DF6 sAvo3� A oa a T c a m ao a 3 .-. ? ? o d aN n N d '° O a W �. 3 o F 2 v d m 0 z 0 00 o d P 3 Gl o00 d a ^ a 3 n N 0 N RL 2 a o a a c 2 T c ola 30 0 0€� n n:� i w z: 9t�`lt=7i to'� 3 3( —',d, to;o oic' w n n ' 3 'NRu: Eo to a u ed E0 - N �O y 3 o a _ � d c E as E ❑ m f i Ro ` m's w a 'm d _ i pi D P 9i € S O O� A N i l N 'tUdNA Om d d� �. J b A W VWi W 00 W:U:U:VWi:U m:Et W m � tn:m iOUf V'tnN:QO U:UNN+ONO:T m O — � a^ 3 � a j a r r v O d.o D :U o':o tn:tn;tn:U: oooo ;:;: a r O:i-+ m .;Ot o:o� v n: x � H X O: O: O: O O U; U O: O U O: O: U; U, U O. : O: O: O 0 O p, d � — D d 0 m o O; O O; O; O; O� O o 0 ; O 0:0 ; :0 0; : O; O 0 w X 2 o R _' � 3 & 9 o;o:o;o;o 0 0:0 0:0;o:o;O:o 0 a d c � O O: O U:U:U:U:U:U O: O: O: O: O: O U O y O ry b N o C w W :w Q b Olm° O D O Otm00 X = d C ry C n U 00 :U iA Fes: N:U A : A W: � - W V : W U;O W : 1- N: I- O : O J W A N O O O: W N:U;Am N: O N: V: N V 3 :o G � n � d d ti. O O( O 0.0 O:Q:0:0;a O O: O p 0: 0 0 o Uftn lto:0: itn O O O[ O[ O: O X m c A V � X $ ° aN C U O O U: UO O: : O: O: O O x 'o_ d o o: o m m:o o:o:o;o;o 0 0;0 N O C _ m 3 N N : z o OO o 0 0 o'. o' O o n a o c � d o O s m d 2 OW WO: O O: 0 0 0 O U; O: O d Op w H:A 3:o:W:m t° N : W : t0 ' 'r :° J:tp O:w: : m W O: W O:O:mAO: W 0 DocuSign Envelope ID: 63BOC69D-1BFD-4B3F-8FDF-D6C835E73DF6 City/County of Tustin Schedule 4 M2 Expenditure Report Fiscal Year Ended June 30, 2023 Local Fair Share Project List PROJECT NAME AMOUNT EXPENDED Annex Legacy Improvements $ 76,571.00 Traffic Signal Controller Upgrade $ 11,597.00 _______- __nger___/Irvine________Center________Tra___ff_ic_____Signal______Synch_ronizatiozati"n ............................. Edi $ .............. 169_._00--. ------ -- ------ --------- ------ ic ----- --- -- -- ------------------ Tustin Ranch Road/Von Karmen----TraffSignal --Synchronization-- - -------------- $ --80_. 60.0 Red Hill Ave Signal Synchronization $ 7,770.00 -------------------------------------------------------------------------------- First St Signal Synchronization ------------------------ $ 8,656.00 ---------------------------------------------------------------------------------------------------------- Tustin Ave Signal Synchronization $ 781.00 ........eme. .......................................................................... FY 21/22 Major Pavement Maintenance $ ... 476304.00 FY 22/23 Major Pavement Maintenance $ 1,400,731.00 ... ..... ...................................................................................... Red Hill Median Improvements $ ....... 14,577.00 ------- -------------- -- --- - ------- - ------------------------------------------------- Direct Labor Charges Associate with these Projects ....................................................................... ............................... .......................................................................................................... ......................................................................................................... ---------------------------------------------------------------------------------------------------- .......................................................................................................... ---------------------------------------------------------------------------------------------------------- .......................................................................................................... -------------------------------------------------------------------------------- ............................................... ........ .......................... ...............-------------------------------------------------------------------------------------------- .......................................................................................................... .................................................................................•---.__................_. ................................................................................. ................................................................................. .......................................................................................................... ......................................................................................................... ......................................................................................................... --------------------------------------------------------------------------------- .......................................................................................................... ............................................................ ..................... .......................................................................................................... ........................................................................................................ .......................................................................................................... .......................................................................................................... ......................................................................................................... ......................................................................................................... ......................................................................................................... .......................................................................................................... ................................................................................. ......................................................................................................... ..................................................................... ......................................................................................................... $ ------------------------ I........................ ........................ ........................ ------------------------ ......................... ........................ ........................ --------- 68,918.00 $ 2,066,682.00 DocuSign Envelope ID: 63BOC69D-1BFD-4B3F-8FDF-D6C835E73DF6 City/County of Tustin Signature Page M2 Expenditure Report Fiscal Year Ended June 30, 2023 I hereby certify that: X All the information attached herein and included in schedules 1 through 4 is true and accurate to the best of my knowledge; X 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; X The City/County of Tustin is aware of the State Controller's "Guidelines Relating to Gas Tax Expenditures for Cities and Counties", which is a guide for determining MOE Expenditures for M2 Eligibility purposes; X The City/County's Expenditure Report is in compliance with direction provided in the State Controller's "Guidelines Relating to Gas Tax Expenditures for Cities and Counties;" and X The City/County of Tustin has expended in this fiscal year an amount of local discretionary funds for streets and roads purposes at least equal to or exceeding the FY 2022-23 MOE benchmark dollar amount" Jennifer King Director of Finance (Print Name) 1 Signature (I aq .2 o z3 Date " Jurisdictions are encouraged to submit MOE eligible expenditures higher than their MOE benchmark, so that should certain expenses be ruled ineligible during an MOE audit, the local jurisdiction still has sufficient MOE expenditures to demonstrate continued achievement of the MOE benchmark. DocuSign Envelope ID: 63BOC69D-1BFD-4B3F-8FDF-D6C835E73DF6 RESOLUTION NO. 23-62 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 Revenue 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, THE CITY COUNCIL OF THE CITY OF TUSTIN DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: 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, 2023. Resolution No. 23-62 Page 1 of 3 DocuSign Envelope ID: 63BOC69D-1BFD-4B3F-8FDF-D6C835E73DF6 PASSED AND ADOPTED at a regular meeting of the City Council held on the 5t" day of December 2023. ATTEST: ERICA N. YASUDA, City Clerk APPROVED AS TO FORM: DocuSigned by: DA F.3t eNOIG, City Attorney AUSTIN LUMBARD, Mayor Resolution No. 23-62 Page 2 of 3 DocuSign Envelope ID: 63BOC69D-1BFD-4B3F-8FDF-D6C835E73DF6 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. 23-62 was duly passed and adopted at a regular meeting of the Tustin City Council, held on the 511 day of December, 2023, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: COUNCILMEMBER RECUSED ERICA N. YASUDA, City Clerk Resolution 23-62 Page 3 of 3