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28 <br />number and sales price of homes, and the assessment ratio. Where applicable, the percentage of non - elderly <br />units and elderly exemption are also used. <br />Revenues: All revenues are derived from a formula which multiplies the per capita revenues (Section 2) times <br />the projected population (Section 3). The exception to this is the property tax which multiplies the tax base <br />times the county government tax rate. <br />Expenditures: All expenditures are derived from a formula which multiplies the per employee expenditure <br />(Section 2) times the number of additional employees (Section 3). <br />Net Fiscal Impact: The net balance is the difference between projected expenditures and projected revenues. <br />A negative net balance indicates that it costs Orange County'more to provide services to a project than it <br />receives in revenues. A positive net balance indicates that more revenues are received than it costs to serve a <br />project. Positive net balances in one project may thus be used to offset negative balances in another. <br />SECTION 5 - PROJECTED NET FISCAL D"ACT ON SCHOOL DISTRICT <br />Revenues: The County contribution is derived by transferring education expenditures by County <br />government (Section 4). Revenues derived from the school district tax are derived by multiplying the school <br />district tax times the tax base. State revenues are derived by multiplying the per student expenditure figure <br />times the total projected number of school children (Section 3). <br />Expenditures: Expenditures are derived from a formula which multiplies each per student expenditure <br />(Section 2) times the total projected number of school children (Section 3) and adding the results. <br />Net Fiscal Impact: The net balance is the difference between projected expenditures and projected revenues. <br />A negative net balance indicates that it costs the school system more to provide educational services for <br />children in a project than it receives in revenues. A positive net balance indicates that more revenues are <br />received than it costs to serve a project. Positive net balances in one project may thus be used to offset <br />negative balances in another. <br />SECTION 6 - SUMMARY OF PROJECTED R"ACTS <br />SECTION 7 - SUMMARY.OF PROJECTED PUBLIC SCHOOL CAPACITY IMPACTS <br />G /robert /bradfisc.doc /may99 /rpd <br />G:robert /bradfisc.doc /may99 /rpd <br />