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1q <br /> EXPLANATION OF TERMS AND DATA SOURCES <br /> SECTION 1 - PROJECT DATA <br /> Project data includes information about the specific development project. Much, if not <br /> all, of the information is supplied by the applicant. Data inputs include: <br /> Project Name: Name of the project. <br /> Township: Township in which the project is located. <br /> School District: school district in which the project is located. <br /> Beginning Year: The first year of the project in which dwelling units are completed and <br /> occupied. <br /> Ending Year: The last year in which dwelling units are completed and occupied. The <br /> template is set to calculate fiscal impacts for a ten-year period. <br /> Inflatio:: Rate: Unless an inflation rate is entered, the template will calculate fiscal <br /> impacts based on constant dollars. Since the inflation rate changes frequently, the <br /> Finance Department must be contacted for the most recent figure. <br /> Persons/Household: The estimated average number of- persons/household .(dwelling unit) <br /> based on 1990 Census data for the township in which the project is located. This <br /> information is supplied by the Planning Department and will be updated as necessary <br /> using population projections and building permit data. <br /> Children/Household: The estimated average number of school age children/household <br /> (dwelling unit) based on 1990 Census data for the township in which the project is <br /> located. This information is supplied by the Planning Department and will be updated as <br /> necessary using school membership data. <br /> % Non-Elderly: N.C. General Statutes permit an $11, 000 exemption to the elderly and <br /> disabled who meet certain income criteria. In the event that elderly units are part of <br /> the project, the percentage of eligible non-elderly units is entered. The tax base <br /> will automatically be adjusted to reflect the exemption. <br /> Number of Homes: The number of dwelling units to be constructed in the project in each <br /> year. <br /> Average Sales Price: The average sales price of all dwelling units based on the number <br /> and sales price of dwelling unit types to be constructed in each year. <br />