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Resolution No. 6865 66 RESOLUTION NO. 6865 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, AND ACTING AS EX OFFICIO GOVERNING 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, 2021 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; 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 Expenditure Report that satisfy the Maintenance of Effort requirements; and WHEREAS, the OCTA Board of Directors approved an amendment to the M2 Ordinance modifying the Maintenance of Effort requirements for Fiscal Year 2020-21 due to the COVID-19 pandemic; 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, and acting as ex officio governing Board of Directors of the Cypress Recreation and Park a District, does hereby inform OCTA as follows: SECTION 1. The M2 Expenditure Report for Fiscal Year Ended June 30, 2021 is in conformance with the M2 Expenditure Report 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. SECTION 2. The M2 Expenditure Report for Fiscal Year Ended June 30, 2021 (Attachment 1 to this Resolution) 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, 2021. PASSED AND ADOPTED by the City Council of the City of Cypress, and acting as ex officio governing Board of Directors of the Cypress Recreation and Park District, at a regular meeting held on the 8th day of November, 2021. lb Al/ i:Vi1 ' " • ' • T ITY OF CYPRESS ATTEST: , . Lik. lkAKIIU CITY CL K OF THE14k ITY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss 67 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 8th day of November, 2021 by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Hertz, Marquez, Minikus, Morales and Peat NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None b . CIT LERK OF HE CITY OF CYPRESS 68 City of Cypress Schedule 1 M2 Expenditure Report Fiscal Year Ended June 30, 2021 Beginning and Ending Balances Description Line Amount Interest No. Balances at Beginning of Fiscal Year A-M Freeway Projects 1 $ - $ - O Regional Capacity Program(RCP) 2 $ - $ - P Regional Traffic Signal Synchronization Program(RTSSP) 3 $ - $ - Q Local Fair Share 4 $ 1958,818 $ - R High Frequency Metrolink Service 5 $ - $ - 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 U 8 $ 79,671 $ - Program ✓ Community Based Transit/Circulators 9 $ - $ - W Safe Transit Stops 10 $ - $ - X Environmental Cleanup Program(Water Quality) 11 $ - $ - Other* 12 $ - $ - Balances at Beginning of Fiscal Year 13 $ 2,038,489 $ - Monies Made Available During Fiscal Year 14 $ 3,588,406 $ 12,432 Total Monies Available(Sum Lines 13&14) 15 $ 5,626,895 $ 12,432 Expenditures During Fiscal Year 16 $ 4,401,921 $ 12,432 , Balances at End of Fiscal Year A-M Freeway Projects 17 $ - $ - O Regional Capacity Program(RCP) 18 $ - $ - P Regional Traffic Signal Synchronization Program(RTSSP) 19 $ - $ - Q Local Fair Share 20 $ 1,098,007 $ - R High Frequency Metrolink Service 21 $ - $ - S Transit Extensions to Metrolink 22 $ - $ - Convert Metrolink Station(s)to Regional Gateways that T 23 $ - $ - connect Orange County with High-Speed Rail Systems Senior Mobility Program or Senior Non-Emergency Medical U 24 $ 126,967 $ - Program ✓ 'Community Based Transit/Circulators 25 $ - $ - W Safe Transit Stops 26 $ - $ - X Environmental aeanup Program(Water Quality) 27 $ - $ - Other* 28 $ - $ - * Please provide a specific description 69 City of Cypress M2 Expenditure Report Schedule 2 Fiscal Year Ended June 30, 2021 Sources and Uses Description Line Amount Interest No. Revenues: A-M Freeway Projects 1 $ - $ O 'Regional Capacity Program(RCP) 2 $ - $ P Regional Traffic Signal Synchronization Program(RTSSP) 3 $ - $ Q Local Fair Share 4 $ 933,280 $ 11,876 R High Frequency Metrolink Service 5 $ - $ S 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 $ 56,424 $ 556 ✓ Community Based Transit/Circulators 9 $ - $ W 'Safe Transit Stops 10 $ - $ X Environmental Cleanup Program(Water Quality) 11 $ - $ Other* 12 $ 2,598,702 $ TOTAL REVENUES(Sum lines 1 to 12) 13 $ 3,588,406 $ 12,432 Expenditures: A-M Freeway Projects 14 $ - $ O ,Regional Capacity Program(RCP) 15 $ - $ P Regional Traffic Signal Synchronization Program(RTSSP) 16 $ - $ Q ILocal Fair Share 17 $ 1,794,091 $ 11,876 R High Frequency Metrolink Service 18 $ - $ S Transit Extensions to Metrolink 19 $ - $ Convert Metrolink Station(s)to Regional Gateways that connect T 20 $ - $ Orange County with High-Speed Rail Systems U Senior Mobility Program or Senior Non-Emergency Medical Program 21 $ 9,128 $ 556 ✓ Community Based Transit/Circulators 22 $ - $ - W Safe Transit Stops 23 $ - $ - X Environmental Cleanup Program(Water Quality) 24 $ - $ - Other* 25 $ 2,598,702 $ - TOTAL EXPENDITURES(Sum lines 14 to 25) 26 $ 4,401,921 $ 12,432 TOTAL BALANCE(Subtract line 26 from 13) 27 $ (813,515) $ - *Other revenues and expenditures include: Road Maintenance and Rehabiliation Act revenue $ 978,464 Gas Tax revenue from the State of CA 1,340,238 Federal CDBG revenues 225,000 Reimbursements from the City of Buena Park 55,000 $ 2,598,702 70 1 n in § ri g $ 8 A` a in $' T Lri m °csi `gio 3 4. tIl iIIii N N 4.A.:VI:N.N I" IA N C t G O O O • C Uo N H'H:vs 1.4 tel N O p _C Id ial f ° y v H o « E E c S 0E .° F. t $ u+ °' g` 5 Nd N in. in N• r c u Z 4 0 "—T' i i N u 2. 0 !i d x f w 8 c c X N c m :"_ LL m.1 N c c d E r ° 4.v y .4 L p> C wN N N V� In N vA N vs vs vs Vf N vs �"a��j^^ ; K2!�- V S N U , w t ID'� 9 < O aO= . 1- > > 3 x • y K O j d f r v, H:N to vs to-N N:N H in in in N of in N N ° d n b b G 6 d .y O 72 m L N vs vs N:in in `C°y 9 app JI m N . 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Q A O 5 71 City of Cypress Schedule 4 M2 Expenditure Report Fiscal Year Ended June 30, 2021 Local Fair Share Project List PROJECT NAME AMOUNT EXPENDED Arterial Street Rehabilitation 1,493,101 Concrete/Sidewalk Rehabilitation 274,267 Traffic Signal Improvements 38,599 1,805,967 72 City of Cypress Signature Page M2 Expenditure Report Fiscal Year Ended June 30,2021 I hereby certify that: ▪All the information attached herein and included in schedules 1 through 4 is true and accurate to the best of my knowledge; •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; MI The City of Cypress 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; ▪ The City of Cypress' Expenditure Report is in compliance with direction provided in the State Controller's "Guidelines Relating to Gas Tax Expenditures for Cities and Counties;"and M The City of Cypress has expended in this fiscal year an amount of local discretionary funds for streets and roads purposes at least equal to one of the maintenance of effort requirements below10: A)The City/County met the existing FY 2020-21 MOE benchmark dollar amount. B)The City/County met a proportional MOE benchmark amount of FY 2020-21 General Funds Revenues that is at least equal to the percent listed in column C of Exhibit 2 in the M2 Eligibility Guidelines. Matt Burton October 22, 2021 Director of Finance(Print Name) Date y, _ Signature 10 An actual General Fund Revenue excerpt from a jurisdiction's Annual Comprehensive Financial Report(ACFR)must be provided as backup documentation.