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24 <br />EXPLANATION OF TERMS AND DATA SOURCES <br />SECTION 1- PROJECT DATA <br />Project data includes information about the specific development project. Much, if not all, of the <br />information is supplied by the applicant. Data inputs include: <br />Project Name: Name of the project. <br />Township: Township in which the project is located <br />School District: School district in which the project is located. <br />Beginning Year: The first year of the project in which dwelling units are completed and occupied <br />Ending Year: The last year in which dwelling units are completed and occupied. The template is set to <br />calculate fiscal impacts for a ten-year period <br />Inflation Rate: Unless an inflation rate is entered, the template will calculate fiscal impacts based on constant <br />dollars. Since the inflation rate changes frequently, the Finance Department must be contacted for the most <br />recent figure. <br />Persons/Household: The estimated average number of persons /household (dwelling unit) based on 1990 <br />Census data and studies of the number of students per household for the school district in which the project <br />is located The most recent studies include A Study of Housing Characteristics and Student Generation Rates for <br />Orange County, N.G (1995) and Technical Report: Calculation of Proportionate Share Impact Fees for Financing <br />Public Scbool Capital Needs, Orange County, N.G (1996). <br />Children /Household: The estimated average number of school age children/household (dwelling unit) <br />based on studies of the number of students per household for the school district in which the project is <br />located The most recent study is A Study of Housing Characteristics and Student Generation Rates for Orange <br />County, N.G (1995). <br />% Non - Elderly: N.C. General Statutes permit an $11,000 exemption to the elderly and disabled who meet <br />certain income criteria. In the event that elderly units are part of the project, the percentage of eligible <br />non - elderly units is entered The tax base will automatically be adjusted to reflect the exemption. <br />Number of Homes: The number of dwelling units to be constructed in the project in each year. <br />Average Sales Price: The average sales price of all dwelling units based on the number and sales price of <br />dwelling unit types to be constructed in each year. <br />SECTION 2 - LOCAL GOVERNMENT AND SCHOOL DISTRICT DATA <br />Local government data includes information regarding expenditures required to provide County <br />services and revenues received based on the approved Orange County budget for the fiscal year in which the <br />G:robert /bradfisc.doc /may99 /rpd <br />