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File #: 19-0003    Version: 1
Type: Agenda Item Status: Approved
File created: 12/19/2018 In control: Board of Supervisors
On agenda: 1/15/2019 Final action: 1/15/2019
Title: Planning and Building Department recommending the Board approve and authorize the Chair to sign the attached budget transfer form adjusting the budget for Fiscal Year 2018-19 in the amount of $285,000 to accommodate projected expenditures for the peer review of Fiscal Impact Analyses and Public Facility Financing Plans associated with non-County Applicant-initiated projects submitted to the Planning and Building Department and allow the corresponding Project Applicant time and materials funding to be transferred to the Planning and Building Department index. (4/5 vote required) FUNDING: Project Applicant Time and Materials Funding.
Attachments: 1. A - Budget Transfer
Related files: 18-0594
Title
Planning and Building Department recommending the Board approve and authorize the Chair to sign the attached budget transfer form adjusting the budget for Fiscal Year 2018-19 in the amount of $285,000 to accommodate projected expenditures for the peer review of Fiscal Impact Analyses and Public Facility Financing Plans associated with non-County Applicant-initiated projects submitted to the Planning and Building Department and allow the corresponding Project Applicant time and materials funding to be transferred to the Planning and Building Department index. (4/5 vote required)

FUNDING: Project Applicant Time and Materials Funding.
Body
DISCUSSION / BACKGROUND
A Fiscal Impact Analysis (FIA) is prepared for development projects to estimate the ongoing revenues that would be generated by it and the ongoing costs that will be incurred in order to determine the fiscal impacts that will result to the County General Fund as a result of the project. The FIA includes a projection of property tax and sales tax revenues, transient occupancy taxes, property tax in-lieu of vehicle license fees, gas taxes, and other revenues that would result from new development within the Project. These revenues are compared to the total cost of providing police, fire, street maintenance, park maintenance, County administration, and other services that may be funded by the General Fund. To the extent service costs exceed estimated revenues, a mechanism should be proposed in the FIA to mitigate the projected deficit.

A Public Facilities Financing Plan (PFFP) for a project sets forth a proposed funding strategy for public infrastructure and community facilities that are needed to serve the project. Funding capacity from land-secured financing, such as Mello-Roos or assessment districts, are estimated and applied to assist in funding facilities in a timely manner. The PFFP also provides an estimate of the total infrastructure burden for each land use, and determines whether these b...

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