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SECTION 4 -PROJECTED NET FISCAL IMPACT ON COUNTY <br />Tax Base: The tax base represents the increase in assessed property value expected each <br />year resulting from project development. The values shown are in $1,000's and are derived <br />from a formula which includes the number and sales price of homes, and the assessment ratio. <br />Where applicable, the percentage of non-elderly units and elderly exemption are also used. <br />Revenues: All revenues are derived from a formula which multiplies the per capita revenues <br />(Section 2) times the projected population (Section 3). The exception to this is the property tax <br />which multiplies the tax base times the county govemment tax rate. <br />Expenditures: All expenditures are derived from a formula which multiplies the per employee <br />expenditure (Section 2) times the number of additional employees (Section 3). <br />Net Fiscal Impact: The net balance is the difference between projected expenditures and <br />projected revenues. A negative net balance indicates that it costs Orange County more to <br />provide services to a project than it receives in revenues. A positive net balance indicates that <br />more revenues are received than it costs to serve a project. Positive net balances in one <br />project may thus be used tv offset negative balances in another. <br />SECTION 5 -PROJECTED NET FISCAL IMPACT ON SCHOOL DISTRICT <br />Revenues: The County contribution is derived by transferring education expenditures by <br />County govemment (Section 4). Revenues derived from the school district tax are derived by <br />multiplying the school district tax times the tax base. State revenues are derived by multiplying <br />the per student expenditure figure times the total projected number of school children (Section <br />3). <br />Expenditures: Expenditures are derived fram a formula which multiplies each per student <br />expenditure (Section 2) times the total projected number of school children (Section 3) and <br />adding the results. <br />Net Fiscal Impact: The net balance is the difference between projected expenditures and <br />prajected revenues. A negative net, balance indicates that it costs the school system more to <br />provide educational services for children in a project than it receives in revenues. A positive net <br />balance indicates that more revenues are received than it casts to serve a project. Positive net <br />balances in one project may thus be used to offset negative balances in another. <br />SECTION 6 - SUMMARY OF PROJECTED IMPACTS <br />SECTION 7 - SUMMARY OF PROJECTED PUBLIC SCHOOL CAPACITY IMPACTS <br />