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DRAFT SCHOOL IMPACT FEES: Oturi~e Courmr SCHOOLS <br />Orange County, North Carolina <br />This section summarizes the potential cash flow to Orange County if impact fees are <br />implemented for Orange County Schools at the maximum supportable amounts as detailed in <br />this report. Figure 15 provides a summary of the projected cash flow from the impact fees and <br />associated capital costs over afive- year period. <br />School impact fee revenue averages approximately $5.2 million per year over the first five years, <br />or almost $26 million, if the fees are implemented at the maximum supportable level. The <br />related school local capital costs average approximately $6 million per. year, or $30.4 million <br />over five years. Based on the projected impact fee revenues and associated costs, the fees are <br />projected to cover approximately 85 percent of the projected related capital costs. Funds can be <br />accumulated for several years in order to construct a major project. <br />Since the school impact fee includes a credit for existing debt, an overall deficit for schools is <br />projected. The projected deficit, indicated by "( )" around the numbers, will require <br />supplemental revenue of approximately $910,000 per year. To the extent the rate of <br />development either accelerates or slows down, there will be a corresponding change in the fee <br />revenue and related capital costs. See Appendix A of this report for discussion of the <br />development projections that drive the cash flow analysis. <br />Tischler~ise 22 <br />fbc=, tr6•lamic&.Plimm~g Cen:utianti <br />