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P] <br /> School District Additional Employees: The number of additional employees required per <br /> school district based on the project development. <br /> SECTION 4- PROJECTED NET-.FISCAL IMPACT ON COUNTY <br /> Tax Base: The tax base represents the inamme In assessed property value expected each <br /> year resulting from project development. The values shown are in $I,000's and are derived <br /> from a formula which Incudei the number and sales price of homes, and the assessment <br /> ratio. Where applicable, the percentage of non-eldedy units and eldedy exemption are also <br /> used <br /> Revenues: All revenues are derived from a formula which mulaplles the per capita revenues <br /> (Section 2) times the pmjec ed population (Section 3). The exception to this is the properly <br /> tax which multiplies the tax base times the county government tax rate. <br /> Expenditures: All expenditure; are derived from a formula which multiplies the per <br /> employee expenditure(S5cdon 2)times the number of addidonal employees (Section 3). <br /> Net Fiscal ImpacD 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 servi M 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 W offset negative balances in another. <br /> SECTION 5 PROJECTED NET FISCAL IMPACT ON SCHOOL DISTRICT <br /> Revenues: The County contribution Is derived by transfernng education expenditures by <br /> County government(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 derivetl by <br /> multiplying the per student expenditure figure times the total pmjttted number of school <br /> children (Section 3). <br /> Expenditures: Expenditures are derived from a formula which multiples 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 ImpacC The net balance is the difference between projected expenditures and <br /> pojeced revenues. A negative net balance Indicates that it crisis the school system more M <br /> provide educational services for children in a project than it receives in revenues. A positive <br /> net balance indicates that mare revenues are recelved than It casts to serve a project <br /> Positive net balances In one project may thus be used M offset negative balances in another. <br /> SECTION S- SUMMARY OF PROJECTED IMPACTS <br /> SECTION 7-SUMMARY OF PROJECTED PUBLIC SCHOOL CAPACITY IMPACTS <br />