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10 <br /> FISCAL IMPACT ANALYSIS FOR WINDING BRANCH SUBDIVISION <br /> SERVICE STANDARD APPROACH <br /> Prepared by <br /> The Orange County Planning Department <br /> October, 1993 <br /> PROJECT DESCRIPTION <br /> Winding Branch is a proposed 13-lot major subdivision located in Bingham Township on the east side of <br /> Dairyland Road adjacent to Dairyland Estates Subdivision. The average lot size is approximately 1.61 acres. All lots will <br /> be served by individual wells and septic tanks, and public roads. <br /> For Winding Branch,project build-out is estimated at three years.Housing units will be.constructed,beginning <br /> in 1994,with completion of the project scheduled for 1996. Units will consist of detached single-family homes, and the <br /> applicant estimates the average sales price to be$127,500, including the lot. <br /> METHODOLOGY <br /> Fiscal impact analysis is a projection of the direct,current,public costs and revenues associated with residential <br /> and non residential growth in the jurisdiction in which the growth is taking place. Fiscal impact analysis considers only <br /> direct impact in that it projects only the primary costs that will be incurred and the immediate revenues that will be <br /> generated.It calculates the financial effect of a planned development or new subdivision by considering the current costs <br /> and revenues such a development would generate if it were completed and occupied today. Fiscal impact analysis does <br /> not consider the private costs of public action. It is concerned only with public (governmental)costs and revenues. <br /> The method used in preparing the fiscal impact analysis is the Service Standard Approach. While only gross <br /> expenditures by service category are derived from the Per Capita Method, the Service Standard method determines the <br /> total number of additional 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 employee to population ratio, <br /> and average operating expenses per employee for each service category and school district. The number of new <br /> employees are projected and 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 pupil revenues to project the total <br /> net fiscal impact of the development. <br />