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Agenda Item
ASR
Control 21-001002 |
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MEETING DATE: |
12/07/21 |
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legal entity taking action: |
Board of Supervisors |
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board of supervisors
district(s): |
All Districts |
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SUBMITTING
Agency/Department: |
County Executive Office (Approved) |
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Department contact
person(s): |
Anil Kukreja (714) 834-4146 |
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Nardy Khan (714) 647-3906 |
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Subject: FY 2020-21 Measure M2
Expenditure Report
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ceo CONCUR |
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Clerk of the Board |
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Concur |
Approved Resolution to Form |
Consent Calendar |
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3 Votes Board Majority |
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Budgeted: N/A |
Current Year Cost:
N/A |
Annual Cost:
N/A |
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Staffing Impact: |
No |
# of Positions:
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Sole Source:
N/A |
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Current Fiscal Year Revenue: N/A
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Prior Board Action: 12/08/2020
#16 |
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RECOMMENDED ACTION(S):
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1. |
Approve the M2 Expenditure Report in conformance with the 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 fiscal year. |
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2. |
Adopt Resolution for the County of Orange FY 2020-21 Measure M2 Expenditure Report. |
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3. |
Authorize the County Chief Financial Officer or their designee to sign and submit the M2 Expenditure Report to the Orange County Transportation Authority for the fiscal year ending June 30, 2021. |
SUMMARY:
Adopting the Resolution approving the FY 2020-21 Measure M2 Expenditure Report will support compliance with the Orange County Transportation Authority's requirements and maintain the County's eligibility to receive Measure M2 funding.
BACKGROUND INFORMATION:
Measure M2 was adopted by Orange County voters in 2006 to provide an additional 30 years of funding through a one-half of one percent sales tax, which is administered by the Orange County Transportation Authority (OCTA). This funding supports County projects including local street and road improvements, traffic signal synchronization and other programs. The County is required to meet annual eligibility requirements for receiving funding, which include adopting and submitting an annual expenditure report to OCTA no later than six months after the close of the prior fiscal year. The Board of Supervisors (Board) adopted the FY 2019-20 Resolution and M2 Expenditure Report December 8, 2020.
The attached Measure M2 Expenditure Report (Report) provides an accounting of M2 project funding and associated developer/traffic impact fees and funds expended by the County through June 30, 2021, to confirm satisfaction of maintenance of effort requirements. It includes all Measure M2 net revenue, fund balances and interest earned, as well as identifies expenditures by activity type and funding source. FY 2020-21 Report includes revenue of $12.2 million for County administered projects under the Regional Capacity Program, Local Fair Share, Senior Non-Emergency Medical Program and Community Based Transit/Circulators project categories. The completion, adoption and submission of the M2 Expenditure Report to OCTA will support maintaining the County's eligibility to receive Measure M2 funding for County administered projects.
Compliance with CEQA: These activities are not a project within the meaning of project in California Environmental Quality Act (CEQA) Guidelines Section 15378 and are therefore not subject to CEQA, since they do not have the potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment. The approval of this action does not commit the County to a definite course of action in regard to a project since this is the adoption of an expenditure report. The proposed activities are therefore not subject to CEQA.
FINANCIAL IMPACT:
N/A
STAFFING IMPACT:
N/A
REVIEWING AGENCIES:
OC Community Resources
OC Public Works
ATTACHMENT(S):
Attachment A - FY 2020-21 Measure M2 Expenditure Report
Attachment B - FY 2020-21 Board Resolution
Attachment C - FY 2020-21 M2 Revenue Reconciliation