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School Distfict Atlditional EmDloyaes: The number of atltlitloral employees requiretl per <br />school tlismc[ basetl on the project development. <br />SECTION 4 - PRW EREO NET FISCAL IMPAR ON COUNTY <br />Tax base: The tax Case represents the increase in assessetl property value expected each <br />year resultlng ham project development. The values Shown are in $1,000'5 antl are tlerivetl <br />from a formula which Indutles the number aM sales price Of homes, antl the assessment <br />ratlo. Where applicable, the percentage of non-elderly untts ark elderly exemptlon are also <br />used. <br />Revenues: All revenues are derived from a formula whidr multiplies the per capita revenues <br />(Section 2J times the projected poWlatlon (SeNOn 3). The exceptlOn to this is me property <br />fax which multplies Me fax base times the munty gwemment tax rate. <br />Expendkures: All expendiNres are derived from a formula which multiplies me per <br />employee a<penditure (Section 2) times me number of atltlitional employees (Secdon 3). <br />Net Nscal Impact: The net balance Is the difference between pojectetl expenditures antl <br />pro]ectetl revenues. A negatlve net balance Intllca[es that k cosE Orange COUnry more m <br />provide serrices to a projeR than it receives in revenues. A positive n& balance indicates that <br />more revenues are received than 'd wsfs to serve a project. Positive net balar¢es in one <br />project may thus be usetl to offset negative balances in another. <br />SECTION 5 • PROIERED NET FISUL IMPAR ON SCHOOL DISTRICT <br />Revenues: Tile County contributlon is derivetl by iransfemng etluwtlOn expentlitures tiY <br />COUnty government (SeNOn 4). Revenues derivetl (ram the xhool tlistrlct tax are tlerivetl by <br />multiplying the school distriR tax limes the tax base. State revenues are dedvetl W <br />multiplying me per student expentliture figure limes the total pmje¢ed number Of school <br />d~iltlren (Section 3). <br />ExDentlitures: FxDentlitures are tlerivetl fmm a formula which mulUplles each per stutlent <br />expentllture (SeNOn 2) tlrrws the total projected number of sNOOI children (Section 3) and <br />adtling the rewlts. <br />Net Fiscal Impact: The net balance W the tlifference between projeRetl expeMiNres and <br />projectetl revenues. A negative net balance indiates mat it casts the school Mtem more to <br />provide etluatlonal services far chldren in a project than it receives in revenues. A pos'NVe <br />net balance Indicates mat more revenues are receivetl than it costs to serve a projeG. <br />Ppsltlve net balances In one pro)e¢ may mus be usad m oHSe[ nega[rve balances in anoher. <br />SECTION 6 -SUMMARY OF PRO]ECTED IMPACTS <br />SECTION 7 - SUMMARY OF PROTECTED PUBLIC SCHOOL UPALITY IMPACTS <br />