City Council

H. Submittal of Yearly Expenditure Report to Orange County Transportation\nAuthority for Measure M2 Eligibility - That the City Council adopt\nResolution 7585: 1. Finding the yearly expenditure report to Orange County\nTransportation Authority (OCTA) for Measure M2 Eligibility for FY 2023-2024\nwas prepared in conformance with the M2 Expenditure Report Template\nprovided in the Renewed Measure M Eligibility Guidelines and accounts for\nNet Revenues including interest earned, expenditures during the fiscal year\nand balances at the end of the fiscal year; and, 2. Adopting M2 Expenditure\nReport for FY 2023-24; and, 3. Directing the City Manager, or their designee,\nto submit the M2 Expenditure Report to OCTA no later than December 31,\n2024.