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SECTION III <br />ta <br />www.FinanceDTA.com <br />DESCRIPTION OF RECURRING <br />FISCAL REVENUES/COSTS <br />III DESCRIPTION OF RECURRING FISCAL REVENUES/COSTS <br />A Analysis of Recurring Revenues, Case Study Method <br />A.1 Property Taxes — Secured and Unsecured <br />Property tax revenues are specifically based on the City's estimated share of the <br />general 1% ad valorem property tax levy. Per the County Auditor's Office, the City's <br />General Fund receives approximately 19.30% of the FY 2023-24 basic 1% [Proposition <br />("Prop") 131 property tax from the Tax Rate Areas ("TRAs") encompassing the Project. <br />The remaining 80.70% are distributed to a variety of taxing entities as summarized <br />in Table 3 below, with 67.35% of the total estimated $1.22 million in annual property <br />taxes earmarked for educational purposes. The basic 1% property tax collected is <br />considered a significant source of municipal revenues. The net apportionment <br />factors for each taxing entity represent the fraction of the FY 2023-24 basic 1% ad <br />valorem property tax that it will receive from the Project TRAs after deducting the <br />projected Education Revenue Augmentation Fund ("ERAF") property tax shifts. <br />Table 3: 1% Ad Valorem Property Tax Distribution Among Taxing Entities <br />Net-. <br />County <br />0.10522489379 <br />$128,480 <br />General Fund <br />0.06706762904 <br />$81,890 <br />Flood Control District <br />0.02152166856 <br />$26,278 <br />Parks CSA 26 <br />0.01663559619 <br />$20,312 <br />City <br />0.19296953238 <br />$235,616 <br />General Fund <br />0.19296953238 <br />$235,616 <br />Education <br />0.67354729727 <br />$822,402 <br />ERAF Fund <br />0.19081315008 <br />$232,983 <br />Santa Ana Unified School District <br />0.37790501072 <br />$461,422 <br />Rancho Santiago Community College District <br />0.08310048144 <br />$101,466 <br />Orange County Department of Education <br />0.02172865503 <br />$26,531 <br />Special District <br />0.02825827656 <br />$34,504 <br />Orange County Cemetery District <br />0.00054103515 <br />$661 <br />Orange County Vector Control District <br />0.00121524893 <br />$1,484 <br />Orange County Water District <br />0.00781725639 <br />$9,545 <br />Orange County Transit Authority <br />0.00305422873 <br />$3,729 <br />Orange County Sanitation District #7 <br />0.01563050736 <br />$19,085 <br />Grand Total <br />1.00000000000 <br />$1,221,002 <br />Note: All numbers are subject to rounding. <br />EPD Solutions, Inc. May 13 2024 <br />South Coast Technology Center Fiscal Impact Analysis Report <br />