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3. Fiscal Impacts
<br />Annually Recurring Net Fiscal Impacts to General Fund (by Budget Category)
<br />Table 3-1, below, shows the breakdown of the annual General Fund revenues and costs that would be
<br />generated by the proposed project. As shown on the table, at full buildout the project would generate a
<br />net surplus of approximately $10.7 million per year to the City's General Fund. In comparison, the
<br />existing (partially vacant) commercial center on the site is estimated to generate a net fiscal benefit of
<br />about $2.8 million per year. Thus, the proposed project would result in a net improvement of the City's
<br />fiscal position of about $7.9 million per year.
<br />Table 3-1: General Fund Net Fiscal Impacts by Budget Category
<br />Project Bristol - City of Santa Ana
<br />Existing Proposed
<br />General Fund Conditions Project Net Change
<br />Revenues
<br />Property Tax
<br />$183,131
<br />$3,901,013
<br />$3,717,881
<br />Property Tax in lieu of VLF
<br />90,991
<br />1,938,257
<br />1,847,267
<br />Property Transfer Tax
<br />3,601
<br />76,706
<br />73,105
<br />Sales Tax (on -site) (1)
<br />2,831,528
<br />3,500,000
<br />668,473
<br />Sales Tax (off -site) (1)
<br />0
<br />805,729
<br />805,729
<br />Transient Occupancy Tax (TOT)
<br />0
<br />1,899,095
<br />1,899,095
<br />Charges for Services
<br />22,877
<br />284,429
<br />261,552
<br />Fines
<br />8,824
<br />109,703
<br />100,879
<br />Franchise Fees
<br />18,588
<br />231,100
<br />212,513
<br />Intergovernmental
<br />14,511
<br />160,109
<br />145,598
<br />Licenses and Permits
<br />9,329
<br />115,987
<br />106,658
<br />Business Tax
<br />95,064
<br />133,043
<br />37,979
<br />Miscellaneous
<br />11,885
<br />147,762
<br />135,878
<br />Total Revenues
<br />$3,290,327
<br />$13,302,933
<br />$10,012,605
<br />Expenditures
<br />Library+ Museum Fund
<br />13,438
<br />$138,906
<br />$125,468
<br />Parks, Recreation and Community Services
<br />42,648
<br />440,846
<br />398,199
<br />Police Department
<br />204,856
<br />176,498
<br />(28,358)
<br />Fire Department
<br />74,952
<br />879,670
<br />804,718
<br />Planning and Building Agency
<br />15,038
<br />176,498
<br />161,460
<br />Public Works
<br />15,209
<br />178,495
<br />163,287
<br />Community Development
<br />3,773
<br />44,287
<br />40,514
<br />General Government
<br />101,356
<br />557,645
<br />456,289
<br />Total Expenditures
<br />$471,270
<br />$2,592,846
<br />$2,121,576
<br />Net General Fund Fiscal Impact
<br />$2,819,057
<br />$10,710,086
<br />$7,891,029
<br />(1) Sales tax projections are based on total Citysales tax rate of2.5%, including standard local sales tax
<br />rate of 1.0% and Measure X rate of 1.5%.
<br />Source: The Natelson Dale Group, Inc. (TNDG).
<br />THE NATELSON DALE GROUP, INC.
<br />Page 6
<br />Economic and Fiscal Impact Analysis
<br />Project Bristol Project (Santa Ana, CA)
<br />Exhibit 10
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