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~• ~ <br />~ Schpp! Impact,Fees Orange County, North Carolina, <br />Annual school impact fee revenue in Chapel Hill -Carrboro District is expected to <br />average $3.8 million aver the next five years. The five types ofi capital costs shown <br />below correspond to the individual cost components in the school impact fee <br />calculations. The major capital component is for school buildings, with a projected <br />average annual expenditure of $4.9 million. As shown below, Chapel Hill -Carrboro <br />District has a current impact fee fund balance of approximately $6.3 million. However, <br />this amount will be spent on capacity-related capital improvements over the next five <br />years. Based solely on impact fee revenue, Chapel Hill -Carrboro District faces a <br />projected deficit of approximately $1.5 million per year for capacity-related capital <br />improvements. <br />The table below indicates the local cost of public school facilities needed to <br />accommodate the projected ADM increase. Over the next five years in the Chapel Hill - <br />Carrboro District, additional residential units account for approximately 80% of the <br />projected ADM increase. The remaining students come existing residential units (both <br />natural increase and new residents moving into existing housing). <br />Figure A4 -- Chapel Hill -Carrboro District Cash Flow Summary <br />35 <br />