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31 <br />School Distdct Additional Employees: The number of atltlitlonal employees required per <br />school distriR based on Ne project development <br />SECTION 4 - PROIEREO NET FISCAL IMPAR ON COUMfY <br />Tax Base: The tax base represents Ne increase in assessed property value expected each <br />year resulting from project development The values shown are in $1,000'5 antl are derived <br />from a formula which Indutles the number antl sales price of homes, antl Ne assessmerR <br />ratio. Where applicable, the percemage of non-eltletly units and eltledy exemptlon are also <br />used. <br />Revenues: All revenues are derived from a formula which muldplies the per mpda revenues <br />(SeNOn 2) times me projeRetl population (Section 3). The exwptlon tp this Is the property <br />tax which multiplies Che tax base times Ne county governmenk taz rate. <br />Expenditures: NI expenditures are derived from a formula which multiplies Ne per <br />employee expenditure (Section 2) times the number of addPoOnal employees (SeRlnn 3). <br />Net Fiscal Impact: The net balance is the difference between projected expenditures and <br />projected revenues. A negative net balance intllates Nat it cods Orange County mare to <br />provide services to a project than It receives In revenues. A ppsitlve net balancelndlcates that <br />more revenues are rereivetl than it casts to serve a project. Pwltlve net balances in one <br />projeR may Nus be used Co offset negatlve balances in another. <br />SECRON 5 - PROIERED NET RSCAL IMPACT ON SCHOOL DLSTRIR <br />Revenues: The County mntrlbutlon Is tledvetl by transferring etluradpn expendtures. by <br />County government (SeNOn 9). Revenues dedvetl from Ne school district tax are tlerN'etl by <br />multiplying the school district tax [Imes the tax base. State revenues are tledved by <br />multiplying Ne per student expenditure fgure Imes the total projected number of school <br />children (Section 3). <br />Expenditures: Expenditures are derNed from a formula which multiplies each per student <br />expenditure (Section 2) [Imes the tool projected number of school children (SeRion 3) and <br />adding the rewlts. <br />Net Fiscal ImpaR: The net balance is the d'Ifference between projected expentlkures antl <br />projected revenues. A negatve net balance intllw[es that it casts the school system more to <br />provide etlucetlonal services for children in a project Man it receives in revenues. A positive <br />net balance indicates Nat more revenues are received than It costs to serve a pro]ert. <br />Positive rret balances in one project may Nus be used to offset negatve balances in another. <br />SECRON 6 - SUMMARY OF PRO]ERED IMPACTS <br />SECTON ] -SUMMARY OF PRW ECIED PUBLiC SCHOOL CAPACITY IMPARS <br />