Resolution No. 6595448
RESOLUTION NO. 6595
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, 2016
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, 2016 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, 2016 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, 2016.
PASSED AND ADOPTED by the City Council of the City of Cypress at a regular
meeting held on the 24th day of October, 2016.
MAY• R OF THE CI
ATTEST:
CITY CLERK OF THE CITY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
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 24th day of October, 2016, by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Berry, Johnson, Peat, Morales and Yarc
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
CITY CLERK OF THE CITY OF CYPRESS