Resolution No. 6753365
RESOLUTION NO. 6753
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, 2019
WHEREAS, local jurisdictions are required to meet eligibility requirements and submit
eligibility verification packages to Orange County Transportation Authority (OCTA) in
order to remain eligible to receive M2 funds.
WHEREAS, local jurisdictions are required to adopt an annual Expenditure Report
as part of one of the eligibility requirements.
WHEREAS, local jurisdictions are required to account for Net Revenues,
developer/traffic impact fees, and funds expended by local jurisdiction 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 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 OF THE CITY
OF CYPRESS, CALIFORNIA, DOES HEREBY INFORM OCTA AS FOLLOWS:
SECTION 1. The M2 Expenditure Report for Fiscal Year Ended June 30, 2019 is in
conformance with the M2 Expenditure Report Template provided in the 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, 2019 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, 2019.
PASSED AND ADOPTED by the City Council of the City of Cypress at a regular
meeting held on the 28th day of October, 2019.
MAYOR OF E CITY OFYPRESS
ATTEST:
A iA
CITY ERK OFT E CITY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
I, ALISHA FARNELL, 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 28th day of October, 2019 by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Morales, Peat, Yarc, Johnson and Berry
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
CITY CLERK OF THE CITY OF CYPRESS