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<br /> OCS Schools Impact Fee Report(DRAFT)
<br /> Cash Flow Projections
<br /> This section summarizes the potential cash flow to Orange County if impact fees are implemented for OCS
<br /> at the maximum supportable amounts as detailed in this report. Figure 16 provides a summary of the
<br /> projected cash flow from the impact fees and associated capital costs over a five-year period.
<br /> School impact fee revenue averages approximately$3.5 million per year over the first five years,or almost
<br /> $17.7 million, if the fees are implemented at the maximum supportable level. The related school local
<br /> capital costs average approximately $3.8 million per year, or $19 million over five years. Based on the
<br /> projected impact fee revenues and associated costs, the fees are projected to cover approximately 93
<br /> percent of the projected related capital costs. Funds can be accumulated for several years in order to
<br /> construct a major project.
<br /> Since the school impact fee includes a credit for existing debt, an overall deficit for schools is projected.
<br /> The projected deficit, indicated by "( )" around the numbers, will require supplemental revenue of
<br /> approximately $278,000 per year. To the extent the rate of development either accelerates or slows
<br /> down, there will be a corresponding change in the fee revenue and related capital costs. See Appendix A
<br /> of this report for discussion of the development projections that drive the cash flow analysis.
<br /> Figure 16. Cash Flow Projections: OCS
<br /> 5-Year 5-Year 10-Year
<br /> 1 2 3 4 5 Average Cumulative Average Cumulative
<br /> 2016 2017 2018 2019 2020 Annual Total Annual Total
<br /> •
<br /> ENEEMSEENEEM
<br /> SCHOOLS
<br /> 1 Single Family Detached $2,617 $2,617 $2,617 $2,617 $2,617 $2,617 $13,085 $2,617.01 $26,170
<br /> 2 Single Family Attached $318 $318 $318 $318 $318 $318 $1,588 $318 $3,175
<br /> 3 Multifamily $438 $438 $438 $438 $438 $438 $2,188 $438 $4,376
<br /> 4 Manufactured $162 $162 $162 $162 $162 $162 $809 $162 $1,617
<br /> Subtotal Schools Fees $3,534 $3,534 $3,534 $3,534 $3,534 $3,534 $17,670 $3,534 $35,339
<br /> TOTAL FEE REVENUE $3,534 $3,534 $3,534 $3,534 $3,534 $3,534 $17,670 $3,534 $35,339
<br /> ® b ® m o
<br /> SCHOOLS
<br /> Schools-Elementary $1,474 $1,474 $1,474 $1,474 $1,474 $1,474 $7,371 $1,474 $14,743
<br /> Schools-Middle $1,020 $1,020 $1,020 $1,020 $1,020 $1,020 $5,102 $1,020 $10,203
<br /> Schools-High $1,317 $1,317 $1,317 $1,317 $1,317 $1,317 $6,586 $1,317 $13,172
<br /> Subtotal Schools Costs $3,812 $3,812 $3,812 $3,812 $3,812 $3,812 $19,059 $3,812 $38,119
<br /> TOTAL CAPITAL COSTS $3,812 $3,812 $3,812 $3,812 $3,812 $3,812 $19,059 $3,812 $38,119
<br /> NET CAPITAL FACILITIES CASH FLOW Schools Current$in thousands
<br /> Annual Surplus(ter Deficit) ($278) ($278) ($278) ($278) ($278) ($278) ($278)
<br /> Cumulative Surplus(or Deficit) ($278) ($556) ($834) ($1,112) ($1,390) ($1,390) ($2,779)
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