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MLC Holdings, Inc. - 2020 E. I" Street <br />Fiscal Impact & Economic Benefit Report <br />February 27. 2025 <br />TABLE 2-1 <br />GENERAL FUND — FISCAL IMPACTS <br />Amount at <br />Percent <br />Annual General Fund Revenues <br />Buildout <br />of Total <br />Property Tax <br />$107,512 <br />31.6% <br />Prop Tax -In Lieu VLF <br />84,328 <br />24.8% <br />Utility User Taxes <br />29,216 <br />8.6% <br />Documentary Stamp Tax <br />4,162 <br />1.2% <br />Sales Tax <br />32,023 <br />9.4% <br />Sales Tax Measure X <br />48,034 <br />14.1% <br />Half -Cent Sales Tax (Safety) <br />1,454 <br />0.4% <br />Franchise Fees <br />10,655 <br />3.1% <br />Fines and Forfeitures <br />4,882 <br />1.4% <br />Charges for Services <br />18,449 <br />5.4% <br />Total Revenues <br />$340,716 <br />100.0% <br />Amount at <br />Percent <br />Annual General Fund Expenditures <br />Buildout <br />of Total <br />Library <br />1,704 <br />0.7% <br />Museum Fund <br />369 <br />0.2% <br />Parks, Rec. & Community Services <br />6,924 <br />3.0% <br />Police Department <br />139,957 <br />60.6% <br />Fire & Emergency Medical Services <br />49,800 <br />21.6% <br />Planning & Building <br />8,064 <br />3.5% <br />Public Works <br />22,373 <br />9.7% <br />Community Development <br />1,863 <br />0.8% <br />Total Expenditures <br />$231,055 <br />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 />4 1 P a g e <br />i� ZIMMERMAN GROUP <br />- PUBLIC FINANCE SOLUTIONS <br />