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<br /> (Y)4)e- 3 `9b 0
<br /> Schedule 3.1 - Orange County Schools
<br /> If pay-as-you-go funds as outlined in the County Manager's recommended CIP are applied to
<br /> a reserve account, and if an impact fee of$1,000 is established, the balance of the reserve
<br /> account would be sufficient to build an elementary school(in today's dollars)
<br /> in the year 2002-03.
<br /> A B C D E
<br /> Proj. #new Impact Total
<br /> From Residential Fee Amt Cumulative
<br /> PAYG Units Amt Available Total
<br /> (1) (2) (3)
<br /> $1,000
<br /> 93-94 $85,794 549 $549,000 $634,794 $634,794
<br /> 94-95 97,287 578 578,000 675,287 1,310,081
<br /> 95-96 172,728 613 613,000 785,728 2,095,809
<br /> 96-97 552,775 647 647,000 1,199,775 3,295,584
<br /> 97-98 505,041 681 647,000 1,152,041 4,447,625
<br /> 98-99 457,052 718 681,000 1,138,052 5,585,677
<br /> 99-00 408,803 758 718,000 1,126,803 6,712,480
<br /> 00-01 360,289 800 758,000 1,118,289 7,830,769
<br /> 01-02 311,504 845 800,000 1,111,504 8,942,273
<br /> 02-03 $262,444 893 $845,000 $1,107,444 $10,049,717
<br /> PAYG= pay-as-you-go
<br /> (1) As calculated in Manager's recommended Capital Improvements Plan (page D-1)
<br /> (2) Based on rate of growth as presented in Technical Report on the Calculation of Proportionate
<br /> Share Impact Fees for Financing Public School Capital Needs (page 18.1 and 18.2)
<br /> (3) Columns A+C
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