Resolution No. 6950 449
RESOLUTION NO. 6950
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, 2023
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 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 District, does hereby
inform OCTA as follows:
SECTION .1. ' The M2 Expenditure Report for Fiscal Year Ended June 30, 2023 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, 2023 (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,
2023.
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 13th day of November, 2023.
ittuLtaii.;)
MAYOR OF THE CITY OF CYPRESS
ATTEST:
441 -41A,01
CITY aLERK OF THE 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
13th day of November, 2023 by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Burke, Marquez, Peat, Minikus and Mallari
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
CITY CLERK OF THE CITY OF CYPRESS