Resolution No. 6714192
RESOLUTION NO 6714
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, EX OFFICIO
BOARD OF DIRECTORS OF THE CYPRESS RECREATION AND PARK DISTRICT
CONCERNING THE MEASURE M2 EXPENDITURE REPORT FOR THE
CITY OF CYPRESS FOR THE FISCAL YEAR ENDED JUNE 30 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 the local jurisdiction 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 (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 Measure M2
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY
OF CYPRESS, CALIFORNIA, DOES HEREBY INFORM OCTA AS FOLLOWS
SECTION 1 The M2 Expenditure Report for Fiscal Year Ended June 30 2018 is in
conformance with the 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 the fiscal year
SECTION 2 The M2 Expenditure Report for Fiscal Year Ended June 30 2018 is
hereby adopted for the City of Cypress California.
SECTION 3 The Director of Finance of the City of Cypress, California is hereby
authorized to sign and submit the Measure M2 Expenditure Report to OCTA for the Fiscal
Year Ended June 30, 2018
PASSED AND ADOPTED by the City Council of the City of Cypress at a regular
meeting held on the 13th day of November, 2018
ATTEST
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CITY CLERK OF THE CITY OF CYPRESS
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
MAYOR OF THE CITY OF CYPRESS
I, DENISE BASHAM, City Clerk of the City of Cypress, DO HEREBY CERTIFY that
the foregoing Resolution was duly adopted at a regular meeting of the said City Council held
on the 13th day of November, 2018, by the following roll call vote.
AYES 4 COUNCIL MEMBERS Johnson Yarc Berry and Peat
NOES 0 COUNCIL MEMBERS None
ABSENT 1 COUNCIL MEMBERS Morales
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CITY CLERK OF THE CITY OF CYPRESS