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MLC Holdings, Inc. - 2020 E. 1st Street <br />Fiscal Impact & Economic Benefit Report <br />February 27, 2025 <br />4 | Page <br />TABLE 2-1 <br />GENERAL FUND – FISCAL IMPACTS <br />Annual General Fund Revenues <br />Amount at <br />Buildout <br />Percent <br />of Total <br />Property Tax $107,512 31.6% <br />Prop Tax-In Lieu VLF 84,328 24.8% <br />Utility User Taxes 29,216 8.6% <br />Documentary Stamp Tax 4,162 1.2% <br />Sales Tax 32,023 9.4% <br />Sales Tax Measure X 48,034 14.1% <br />Half-Cent Sales Tax (Safety) 1,454 0.4% <br />Franchise Fees 10,655 3.1% <br />Fines and Forfeitures 4,882 1.4% <br />Charges for Services 18,449 5.4% <br />Total Revenues $340,716 100.0% <br />Annual General Fund Expenditures <br />Amount at <br />Buildout <br />Percent <br />of Total <br />Library 1,704 0.7% <br />Museum Fund 369 0.2% <br />Parks, Rec. & Community Services 6,924 3.0% <br />Police Department 139,957 60.6% <br />Fire & Emergency Medical Services 49,800 21.6% <br />Planning & Building 8,064 3.5% <br />Public Works 22,373 9.7% <br />Community Development 1,863 0.8% <br />Total Expenditures $231,055 100.0% <br />Annual Recurring Surplus/(Deficit) at Buildout $109,662 <br />Revenues to Expenditure Ratio 1.47 <br />B.Recurring Revenues <br />Property Tax <br />The County Auditor-Controller identifies property tax rates as a percentage of total assessed <br />valuation by Tax Rate Area ("TRA"). The Project is located in TRA 11-029. Property tax <br />revenues are calculated using the TRA apportionment factors to forecast property tax revenues <br />  <br />  <br />City Council 24 – 270 4/15/2025