Resolution No. 6273003
RESOLUTION NO. 6273
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, CALIFORNIA,
CONCERNING THE MEASURE M2 FISCAL YEAR ENDED JUNE 30, 2011
EXPENDITURE REPORT FOR THE CITY OF CYPRESS, CALIFORNIA,
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 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, THE CITY COUNCIL OF THE CITY OF CYPRESS,
CALIFORNIA, DOES ORDAIN AS FOLLOWS:
SECTION 1. The above recitals are all true and correct.
SECTION 2. The M2 Expenditure Report for Fiscal year Ended June 30, 2011 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 3. The M2 Expenditure Report for Fiscal Year Ended June 30, 2011 is
hereby adopted for the City of Cypress, California.
PASSED AND ADOPTED by the City Coun it . the City of/Cypress at a regular
meeting held on the 28th day of November, 2011.
ATTEST:
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CITY CLERK OF THE CITY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
MAYO 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 28th day of November, 2011, by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Luebben, Mills, Seymore, Bailey, and Narain
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
nuu¢e h .M
CITY CLERK OF THE CITY OF CYPRESS