Agenda - 01-10-1994 - Laserfiche WebLink

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SECTION 2 SHARE OF EMSTING COUNTY EXPENDrIVRES TO TOTAL LOCAL NONRESIDENTIAL USES Total County Exrlenditw-es - This figure represents the total county expenditures for the current fiscal year budget. This information may be obtained from the county's finance or budget office. Example - Proportion of Nonresidential Value To Total Local Real Prolpertr Value-This figure is derived by dividing the county's nonresidential equalized real property value ($484,958,094 in our example) by total local equalized real property value ($4,408,709,951 in our example). The resulting quotient indicates that 11% of the total local equalized real property value is nonresidential. Refinement Coefficient-County expenditures are not allocated according to market values of residential and nonresidential properties. It is therefore wrong to assume that because 11% of the total equalized real property value is nonresidential,that 11%of the county's total expenditures go to serve nonresidential developments. Generally speaking,residential developments place more demands on county services,and therefore, cost the county more than nonresidential developments. It is best that the "yst contact department heads and review individuals budgets and expenditures for direct service to nonresidential development. Based on input from the Orange County Department Heads and a study measuring mdirect costs (A Cost Allocation Plan For Oranee County, North Car David X Griffith&Associates, 1992), the refinement coefficient was set at 28%. This means that 28%of the 11%nonresidential market value actually goes to serve nonresidential developments- Total Existi= Countv Eimenditures Attributable To Nonresidential Uses - This figure is the product of the above three figures(($51,497,942 x.11)x.28),or$1,586,137. This figure represents the total existing county expenditures attributable to nonresidential uses. FU rURE TOTAL COUNTY OPERATING COSTS INDUCED BY THE PROPOSED DEVELOPMENT Total Existine County Exr)enditures Attributable to Nonresidential Uses - See above. This figure is $1,586,137 in our example. Proportion of Facilitv to Total Local Nonresidential Real Proverty- Value-This figure is derived by dividing the real property market value of the proposed development ($1,945,105 in our example) by the total nonresidential real property value ($484,958,094 in our example). This results in a quotient of .004 indicating that the market value of this development is.004 of the total nonresidential real property value. Countv Costs to Provosed Development-This figure is the product of the two figures above ($1,586,137 x .004 - $6,345). This gives the total county expenditures allocated to the future nonresidential