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1 EXPLANATION OF TERMS AND DATA SOURCES - ATTACHMENT C <br />1 SECTION 1: PROJs r DATA <br />Project data includes information about the specific development project. Much, if not all, of the information is <br />' 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 occupied. <br />' Ending Year: The last year in which dwelling units are completed and occupied. The template is set to calculate <br />fiscal impacts for a ten -year period. <br />Inflation Rate: Unless an inflation rate is entered, the template will calculate fiscal impacts based on constant <br />' dollars. Since the inflation rate.changes from month to month, the Finance Department must be contacted for the most <br />recent figure. <br />' Persons/Household: The estimated average number of persons/household (dwelling unit). If this information is not <br />supplied by the applicant, a figure will be supplied by the Orange County Planning Department based on 1980 Census <br />data for the township in which the project is located. <br />Children/Household: The estimated average number of children/household (dwelling unit). If this information is not - <br />supplied by the applicant, a figure will be supplied by the Orange County Planning Department based on 1980 Census <br />data for the township in which the project is located. <br />% Non - Elderly: N.C. General Statutes permit an $11,000 exemption to the elderly and disabled who meet certain income <br />criteria. In the event that elderly units are part of the project, the percentage of eligible non -elderly units is <br />entered. The tax base 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 year. <br />Average Sales Price: The average sales price of all dwelling units based on the number and sales price of dwelling <br />unit types to be constructed in each year. <br />SE TI N 1: LOCAL GOVERNMENT P,,. TA <br />Local government data includes information regarding expenditures required to provide County services and revenues <br />received based on the approved Orange County budget for the fiscal year in which the project is considered for <br />approval. All information derived from the approved budget remains constant throughout a fiscal year (July -June) and <br />is changed only with the approval of a new budget. <br />Local government revenue and expenditure information is compiled on a per capita (per person) basis. Per capita <br />figures are derived by dividing the total expenditures for a particular service function or revenue source by the <br />estimated population of Orange County for the year in which the project is considered for approval. Populations <br />estimates are prepared by the Planning Department or obtained from U.S. Bureau of the Census. <br />A— I 1 <br />