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MalnPlace Mall <br />Net Fiscal Impact and Economic Analysis <br />December 2018 <br />Page 28 of 33 <br />5.2.8 Fiscal Revenue and Expenditure Analysis <br />Expenditures such as pollce/protective services, public safety, and other fiscal expenditures are <br />also estimated on a per capita basis based on the C€ty's Fiscal Year 2016-2017 Adopted <br />Budget, and the relevant resident and employee populations within the City. For the purpose of <br />revenue and expenditure budget allocation, total projected employees within the City are <br />multiplied by an equivalency factor of 0.5 to arrive at a number of equivalent residents (see <br />Exhibit 5.2.8a). <br />Exhibit 5.2.8a: City Service Population <br />City Resident Population (2018) <br />342,217 <br />City Employee Population (2016) 158,256 <br />Employee / Resident Weighting Factor 0.5 <br />Effective <br />Total'City Service Population 421`345 <br />ouurce: Eomi, centennial steal Estate company, LLC, City of Santa Ana (2018) <br />Net Fiscal Revenues <br />Utilizing the previous analyses, annual fiscal revenues and expenses were projected for the <br />proposed project over the course of a stabilized fiscal year. The Exhibits below project net <br />fiscal impacts on both the Phase 1 elements of the project, as well as revenues and <br />expenditures based on full buildout. <br />As shown in Exhibit 5.2.8b, the Phase 1 elements are expected to generate $6.6 million at <br />stabilization and yield an annual positive net fiscal Impact of approximately $5.0 million in <br />2018$. <br />Measure X will result in an additional $2.1 million in annual sales taxes to City through 2028 <br />and $1.4 million annually from 2029 through 2038. <br />The analyses, projections, assumptions, and any examples presented herein are for <br />Illustrative purposes and are not a guaranies of actual and/or future results. Tax analyses <br />4rn nnn ar.+ nrmm�linna —K, Arlual —die may diffarf-- 0".. --.—A in Pow nnelvaia <br />75D-563 <br />