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17 <br /> FISCAL IMPACT ANALYSIS FOR GLYNMORGAN SUBDIVISION <br /> RESIDENTIAL SERVICE STANDARD APPROACH <br /> Prepared by <br /> The Orange County Planning Department <br /> July, 1997 <br /> PROJECT DESCRIPTION <br /> Glynmorgan Subdivision contains 20 buildable lots and is located in Chapel Hill <br /> Township. The lots are accessed by new private roads which will intersect with the west side <br /> of Union Grove Church Road (SR 1111). The current zoning is Rural Buffer and UNIV-PW. <br /> The average lot size is 2.3 acres. Lots will be served by individual wells and septic systems. <br /> The average sales price, including the lot, will be $300,000. Buildout is estimated at <br /> five years. Housing units will be constructed at a rate of four per year beginning in 1998, with <br /> completion of the project in 2002. Units will consist of detached single-family homes. <br /> METHODOLOGY <br /> Fiscal impact analysis is a projection of the direct, current, public costs and revenues <br /> associated with residential and non residential growth in the jurisdiction in which the growth is <br /> taking place. Fiscal impact analysis considers only direct impact in that it projects only the <br /> primary costs that will be incurred and the immediate revenues that will be generated. It <br /> calculates the financial effect of a planned development or new subdivision by considering <br /> the current costs and revenues such a development would generate if it were completed and <br /> occupied today. Fiscal impact analysis does not consider the private costs of public action. It <br /> is concerned only with public (governmental) costs and revenues. <br /> The method used in preparing the fiscal impact analysis is the Service Standard <br /> Approach. While only gross expenditures by service category are derived from the Per <br /> Capita Method, the Service Standard method determines the total number of additional <br /> employees by service function that will be required as a result of growth. This method <br /> employs average county government costs per person, average school costs per pupil, an <br /> employee to population ratio, and average operating expenses per employee for each <br /> service category and school district. The number of new employees are projected and <br /> multiplied times the average operating expenses (includes personnel, operating and capital <br /> costs) per employee. These average costs are then weighed against per capita and per <br /> pupil revenues to project the total net fiscal impact of the development. <br />