Agenda Item
ASR
Control 23-000893 |
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MEETING
DATE: |
12/05/23 |
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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): |
Karalyn
Meeh (714) 834-4146 |
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Nardy
Khan (714) 647-3906 |
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Subject: FY
2022-23 Measure M2 Expenditure Report
ceo CONCUR |
County Counsel Review |
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:
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No |
#
of Positions: |
Sole
Source: N/A |
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Current Fiscal Year Revenue: N/A
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Prior Board Action: 12/6/2022 #7 |
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RECOMMENDED
ACTION(S):
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. |
2. |
Adopt Resolution
for the County of Orange FY 2022-23 Measure M2 Expenditure Report. |
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, 2023. |
SUMMARY:
Adopting the
Resolution approving the FY 2022-23 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:
On November 6,
1990, the voters in Orange County approved a one-half cent sales tax for
transportation improvements known as Measure M. 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. On December 6, 2022,
the Board of Supervisors (Board) adopted the FY 2021-22 Resolution and M2
Expenditure Report.
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,
2023, 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 2022-23
Report includes revenue of $10 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 2022-23 Measure
M2 Expenditure Report
Attachment B - FY 2022-23 Board Resolution
Attachment C - FY 2022-23 M2 Revenue Reconciliation