ATTACHMENT I
FISCAL IMPACT ANALYSIS
100, Bayview Circle Suite 100
Newport Beach, CA 92660
($400,000)
($300,000)
($200,000)
($100,000)
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$469,002
($334,839)
$134,163 Total Recurring General Fund
Revenues
Total Recurring General Fund
Expenditures
Net Fiscal Impact
($400,000)
($300,000)
($200,000)
($100,000)
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$500,706
($356,381)
$144,325
Total Recurring General Fund
Revenues
Total Recurring General Fund
Expenditures
Net Fiscal Impact
PROJECT SUMMARY
CITY OF SAN MARCOS
RESTAURANT ROW PROJECT
FISCAL IMPACT SUMMARY
FISCAL IMPACT ANALYSIS
CITY BUDGET SUMMARY
DEMOGRAPHICS
CASE STUDY REVENUES
CASE STUDY EXPENDITURES
MULTIPLIER REVENUES
MULTIPLIER EXPENDITURES
RECURRING GENERAL FUND REVENUES1 AMOUNT % OF TOTAL AMOUNT % OF TOTAL SECURED PROPERTY TAX $216,289 46.1% $223,407 44.6%
UNSECURED PROPERTY TAX $6,835 1.5% $6,449 1.3%
PROPERTY TRANSFER TAX $6,838 1.5% $7,810 1.6%
PROPERTY TAX IN-LIEU OF VEHICLE LICENSE FEE $77,895 16.6% $86,872 17.3% DIRECT AND INDIRECT SALES TAX $72,627 15.5% $79,169 15.8% FRANCHISE FEES $17,830 3.8% $18,978 3.8%
LICENSES AND PERMITS $5,772 1.2% $6,144 1.2%
FINES AND FORFEITURES $1,231 0.3% $1,310 0.3%
CFD REVENUE $63,686 13.6% $70,567 14.1%
TOTAL RECURRING GENERAL FUND REVENUES $469,002 100.0% $500,706 100.0% RECURRING GENERAL FUND EXPENDITURES2 AMOUNT % OF TOTAL AMOUNT % OF TOTAL PUBLIC WORKS $47,465 14.175% $50,518 14.175%
DEVELOPMENT SERVICES $30,214 9.023% $32,158 9.023%
PUBLIC SAFETY $161,483 48.227% $171,872 48.227%
PARKS AND RECREATION $7,847 2.344% $8,352 2.344%
OTHER FINANCING USES $528 0.158% $562 0.158%
GENERAL GOVERNMENT $87,302 26.073% $92,919 26.073%
TOTAL RECURRING GENERAL FUND EXPENDITURES $334,839 100.0% $356,381 100.0%
NET FISCAL IMPACT
TOTAL ANNUAL RECURRING GENERAL FUND SURPLUS/(DEFICIT)
TOTAL ANNUAL REVENUE/EXPENDITURE RATIO
NOTES:
1 Please see Exhibits 5-7 and 9 for the derivation of these calculations. 2 Please see Exhibits 8 and 10 for the derivation of these calculations. *All figures subject to rounding
APPROVED PLAN PROPOSED PLAN
EXHIBIT 1
CITY OF SAN MARCOS
FISCAL IMPACT SUMMARY
APPROVED PLAN PROPOSED PLAN
RESTAURANT ROW PROJECT
APPROVED PLAN PROPOSED PLAN
$134,163
1.40 $144,325
1.40
TOTAL GROSS ACRES BUILDING BUILDING ESTIMATED TOTAL BUILDING BUILDING ESTIMATED ESTIMATED TOTAL BUILDING BUILDING ESTIMATED TOTAL BUILDING BUILDING ESTIMATED ESTIMATED TOTAL
SPACE SPACE VALUE ESTIMATED SPACE SPACE VALUE AVERAGE ESTIMATED SPACE SPACE VALUE ESTIMATED SPACE SPACE VALUE AVERAGE ESTIMATED LAND USE TYPE ACRES1 SF1 BSF VALUE2 ACRES1 UNITS1 SF1 BSF VALUATION 2,3 VALUE2 ACRES1 SF1 BSF VALUE2 ACRES1 UNITS1 SF1 BSF VALUATION2,3 VALUE2 GRAND TOTAL 10.5 0.89 38,836 $335 $13,013,200 6.20 173 270,100 $436 $680,992 $117,811,616 0.24 10,400 $431.00 $4,482,400 7.30 202 317,950 $440 $0 $139,753,700 NON-RESIDENTIAL 0.89 38,836 $13,013,200
IN LINE COMMERCIAL RETAIL 0.24 10,400 $431 $4,482,400
OFFICE AND PARKING 0.65 28,436 $300 $8,530,800
RESIDENTIAL 6.20 173 270,100 $436 $680,992 $117,811,616 TOWNHOMES 6.20 173 270,100 $436 $680,992 $117,811,616
NON-RESIDENTIAL 0.24 10,400 $4,482,400
IN LINE COMMERCIAL RETAIL 0.24 10,400 $431 $4,482,400
RESIDENTIAL 7.30 202 317,950 $139,753,700
TOWNHOMES 7.30 202 317,950 $440 $691,850 $139,753,700
NOTES
1 Source: City of San Marcos.
2 Source: Zonda Research, "Pricing and Absorption Study: Hall Land Company Study, San Marcos, CA. 3 "Estimated average sale price" refers to the Estimated closing price per Zonda assumptions. 4 Source: Zonda Research, "Pacific Specific Plan SP22-0001 Update January 2023". * Totals may not sum due to rounding
EXHIBIT 2
CITY OF SAN MARCOS
PROJECT SUMMARY
RESTAURANT ROW PROJECT
PROPOSED PLANAPPROVED PLAN
POPULATION, HOUSEHOLDS, AND EMPLOYMENT (2022)
POPULATION1 93,585
EMPLOYMENT2 42,600
TOTAL PERSONS SERVED3 114,885
HOUSEHOLDS 1 19,659
MFR AVERAGE HOUSEHOLD SIZE1 2.46
NOTES
1 California Department of Finance, Housing and Population Information, January 1, 2022. 2 Source: Calif. Employment Development Dept. January 2022 EXHIBIT 3
CITY OF SAN MARCOS
RESTAURANT ROW PROJECT
CITY DEMOGRAPHICS
3 Assumes City population plus 50% of employees.
SF PERSONS SF PERSONS
PER DIRECT PERSONS PER DIRECT PERSONS PER DIRECT PERSONS PER DIRECT PERSONS LAND USE TYPE BSF EMPLOYEE2 EMPLOYEES SERVED BSF UNITS HOUSEHOLD1RESIDENTS EMPLOYEES SERVED BSF EMPLOYEE2 EMPLOYEES SERVED BSF UNITS HOUSEHOLD1 RESIDENTS EMPLOYEES SERVED GRAND TOTAL 38,836 91 46 270,100 173 2.46 426 0 426 10,400 9 5 317,950 202 2.46 497 0 497 NON-RESIDENTIAL 38,836 91 46
IN LINE COMMERCIAL RETAIL10,400 1,221 9 5
OFFICE AND PARKING 28,436 347 82 41
RESIDENTIAL 270,100 173 426 0 426
TOWNHOMES `` 270,100 173 2.46 426 0 426
NON-RESIDENTIAL 10,400 9 5
IN LINE COMMERCIAL RETAIL 10,400 1,221 9 5
RESIDENTIAL 317,950 202 497 0 497
TOWNHOMES 317,950 202 2.46 497 0 497
NOTES
1 Source: Zonda Research.
2 Source: Commercial Buildings Energy Consumption Survey (CBECS), 2018. *All figures subject to rounding
EXHIBIT 4
CITY OF SAN MARCOS
RESTAURANT ROW PROJECT
PROJECT DEMOGRAPHICS
APPROVED PLAN PROPOSED PLAN
APPROVED PROPOSED
LAND USE TYPE PLAN PLAN
ALL PROPERTY TAXES
SECURED PROPERTY TAXES $216,289 $223,407
UNSECURED PROPERTY TAXES $6,835 $6,449
PROPERTY TRANSFER TAXES $6,838 $7,810
PROPERTY TAX IN-LIEU OF VLF $77,895 $86,872
GRAND TOTAL ALL PROPERTY TAXES $307,857 $324,538
RESIDENTIAL PROPERTY TAXES
SECURED PROPERTY TAXES $196,572 $216,616
UNSECURED PROPERTY TAXES $4,864 $5,770
PROPERTY TRANSFER TAXES $6,480 $7,686
PROPERTY TAX IN-LIEU OF VLF $70,296 $84,983
TOTAL RESIDENTIAL PROPERTY TAXES $278,211 $315,055
NON-RESIDENTIAL PROPERTY TAXES
SECURED PROPERTY TAXES $19,717 $6,792
UNSECURED PROPERTY TAXES $1,972 $679
PROPERTY TRANSFER TAXES $358 $123
PROPERTY TAX IN-LIEU OF VLF $7,599 $1,889
TOTAL NON-RESIDENTIAL PROPERTY TAXES $29,646 $9,483
APPROVED PROPOSED
LAND USE TYPE PLAN PLAN
GRAND TOTAL
ESTIMATED BUILDOUT VALUE $130,824,816 $144,236,100
ESTIMATED EXEMPTIONS ($1,089,900) ($1,272,600)
ESTIMATED ASSESSED VALUE $129,734,916 $142,963,500
ESTIMATED SECURED PROPERTY TAXES $196,572 $216,616
RESIDENTIAL
ESTIMATED BUILDOUT VALUE $117,811,616 $139,753,700
ESTIMATED EXEMPTIONS ($1,089,900) ($1,272,600)
HOMEOWNER'S EXEMPTION (ANNUALLY) 1 $7,000
PERCENT OF SALE UNITS TAKING HOMEOWNER'S EXEMPTION1 90% ESTIMATED ASSESSED VALUE $116,721,716 $138,481,100
ESTIMATED SECURED PROPERTY TAXES $176,855 $209,824
NON-RESIDENTIAL
ESTIMATED BUILDOUT VALUE $13,013,200 $4,482,400
ESTIMATED EXEMPTIONS $0 $0
ESTIMATED ASSESSED VALUE $13,013,200 $4,482,400
ESTIMATED SECURED PROPERTY TAXES $19,717 $6,792
APPROVED PROPOSED
LAND USE TYPE PLAN PLAN
GRAND TOTAL $6,835 $6,449
RESIDENTIAL
ESTIMATED UNSECURED PROPERTY TAXES $4,864 $5,770
UNSECURED TAXES AS A % OF SECURED 2.75%
NON-RESIDENTIAL
ESTIMATED UNSECURED PROPERTY TAXES $1,972 $679
UNSECURED TAXES AS A % OF SECURED 10.00%
[1] Per the City of San Marcos Housing Needs Assessment 2019 only 9% of City's of housing stock is made up of condominiums/townhouses and mobile homes DTA estimates that 90% of these units will be owner occupied
UNSECURED PROPERTY TAX CALCULATION
RESTAURANT ROW PROJECT
PROPERTY TAX SUMMARY
EXHIBIT 5
CITY OF SAN MARCOS
ESTIMATED PROPERTY TAX REVENUES (CASE STUDY)
SECURED PROPERTY TAX CALCULATION
APPROVED PROPOSED
LAND USE TYPE PLAN PLAN
GRAND TOTAL $6,838 $7,810
RESIDENTIAL
ESTIMATED PROPERTY TRANSFER TAXES $6,480 $7,686
ESTIMATED BUILDOUT VALUE $117,811,616 $139,753,700
TRANSFER TAX AS A % OF ASSESSED VALUE 0.11%
PROPERTY TRANSFER TAX PASSED THROUGH TO CITY OF SAN MARCOS50.00% RESIDENTIAL PROPERTY TURNOVER RATE 10.00%
NON-RESIDENTIAL
ESTIMATED PROPERTY TRANSFER TAXES $358 $123
ESTIMATED BUILDOUT VALUE $13,013,200 $4,482,400
TRANSFER TAX AS A % OF ASSESSED VALUE 0.11%
PROPERTY TRANSFER TAX PASSED THROUGH TO CITY OF SAN MARCOS50.00% NON-RESIDENTIAL PROPERTY TURNOVER RATE 5.00%
APPROVED PROPOSED
LAND USE TYPE PLAN PLAN
GRAND TOTAL $77,895 $86,872
RESIDENTIAL
ESTIMATED PROPERTY TAX IN-LIEU OF VLF $70,296 $84,983
ESTIMATED BUILDOUT VALUE $117,811,616 $139,753,700
ESTIMATED EXISTING ASSESSED VALUE $11,548,511 $12,790,624 PROPERTY TAX IN-LIEU OF VLF INCREASE PER $1,000 OF AV $0.67
NON-RESIDENTIAL
ESTIMATED PROPERTY TAX IN-LIEU OF VLF $7,599 $1,889
ESTIMATED BUILDOUT VALUE $13,013,200 $4,482,400
ESTIMATED EXISTING ASSESSED VALUE $1,660,489 $418,376
PROPERTY TAX IN-LIEU OF VLF INCREASE PER $1,000 OF AV $0.67
PROPERTY TAX IN-LIEU OF VEHICLE LICENSE FEE CALCULATION
PROPERTY TRANSFER TAX CALCULATION
EXHIBIT 5 - CONTINUED
CITY OF SAN MARCOS
RESTAURANT ROW PROJECT
ESTIMATED PROPERTY TAX REVENUES (CASE STUDY)
PROPERTY TAX ALLOCATION (AS A PORTION OF THE 1% GENERAL PROPERTY TAX LEVY) CITY OF SAN MARCOS3,4 8.832%
FIRE DISTRICT3,4 6.320%
TOTAL 15.151824%
PROPERTY TRANSFER TAX RATE AND ALLOCATION5
TRANSFER TAX AS A % OF ASSESSED VALUE 0.11%
PROPERTY TRANSFER TAX PASSED THROUGH TO CITY OF SAN MARCOS 50.00%
PROPERTY TAX IN-LIEU OF VLF ASSUMPTIONS
TOTAL CITY OF SAN MARCOS GROSS ASSESSED VALUE6 $7,756,621,947 TOTAL CITY PROPERTY TAX IN-LIEU VLF REVENUES6 $5,191,930 PROPERTY TAX IN-LIEU OF VLF INCREASE PER $1,000 OF AV $0.67 NOTES
1 Estimate, subject to change.
2 Based on typical DTA baseline assumptions.
3 Based on "General Fund" levy for Tax Rate Area (TRA) 131115. Data provided by the County of San Diego Auditor-Controller's Office. 4 Based on the average of the rates for TRA 13115.
5 Source: California Revenue & Taxation Code §11901, et seq.; San Marcos Municipal Code §3.12.020.
PROPERTY TAX AND PROPERTY TRANSFER TAX RATES AND ASSUMPTIONS EXHIBIT 5 - CONTINUED
CITY OF SAN MARCOS
RESTAURANT ROW PROJECT
ESTIMATED PROPERTY TAX REVENUES (CASE STUDY)
6 Source: State Controller's Office Division of Accounting and Reporting, Revenue and Taxation Code Section 97.70 (c)(1)(B)(i) - Vehicle License Fee Adjustment Amounts. ]
APPROVED PROPOSED
LAND USE TYPE PLAN PLAN
GRAND TOTAL $72,627 $79,169
RESIDENTIAL SALES TAXES
DIRECT SALES TAX NA NA
INDIRECT SALES TAX - TAXABLE RESIDENT PURCHASES
TOWNHOMES $33,650 $39,290
TOTAL RESIDENTIAL SALES TAXES $33,650 $39,290
NON-RESIDENTIAL SALES TAXES
DIRECT SALES TAX1
IN LINE COMMERCIAL RETAIL $24,960 NA
OFFICE AND PARKING $0 NA
IN LINE COMMERCIAL RETAIL $0 $24,960
INDIRECT SALES TAX - TAXABLE EMPLOYEE PURCHASES $14,017 $14,919 TOTAL NON-RESIDENTIAL SALES TAXES $38,977 $39,879
TAXABLE SALES PER SF1
IN LINE COMMERCIAL RETAIL $300.00 $0.00
IN LINE COMMERCIAL RETAIL $300.00
DISPLACED TAXABLE SALES2 20% 20%
1 Based on typical DTA baseline assumptions.
2 Based on typical DTA baseline assumptions.
EXHIBIT 6
CITY OF SAN MARCOS
ESTIMATED SALES TAX REVENUES (CASE STUDY)
DIRECT SALES TAX ASSUMPTIONS
SALES TAX SUMMARY
RESTAURANT ROW PROJECT
DISPOSABLE INCOME PER HOUSEHOLD (OWNER)
ESTIMATED AVERAGE HOUSEHOLD INCOME (ASSUMES 3:1 INCOME TO HOUSEHOLD PAYMENT RATIO) 1 RESIDENTIAL $138,573
MORTGAGE ASSUMPTIONS
RESIDENTIAL
AVERAGE PROJECTED SALES PRICE PER UNIT $691,850
AVERAGE MORTGAGE (20% DOWN PAYMENT) $553,480
ANNUAL MORTGAGE PAYMENT (4.5% FOR 30 YEARS) $33,653
ADDITIONAL ANNUAL PROPERTY TAXES & HOA $12,538
RETAIL TAXABLE EXPENDITURES (AS A % OF DISPOSABLE INCOME) RESIDENTIAL 28.0727%
EMPLOYEES (ANNUAL SPENDING PER EMPLOYEE)2 $5,945
RESIDENTIAL (ANNUAL SPENDING PER HOUSEHOLD) HOMEOWNER $19,451 1 Based on typical DTA baseline assumptions.
2 Based on typical DTA baseline assumptions.
RESIDENTIAL / NON-RESIDENTIAL INDIRECT SALES TAX ASSUMPTIONS 2 EXHIBIT 6 - CONTINUED
CITY OF SAN MARCOS
RESTAURANT ROW PROJECT
ESTIMATED SALES TAX REVENUES (CASE STUDY)
RESIDENTIAL INDIRECT SALES TAX ASSUMPTIONS
SALES TAX % TO CITY1 1.00%
CITY RETAIL TAXABLE PURCHASE CAPTURE RATE2 50%
FY 2022-23 AD VALOREM PROPERTY TAX RATE () 1.12602%
PROPOSED SCHOOL CFD 0.00000%
CITY CFD SPECIAL TAXES $948.18
OTHER DIRECT ASSESSMENTS
VECTOR CONTROL $7.92
CWA WATER AVAILABILITY $10.00
MOSQUITO SURVEILLANCE $2.28
MWD WATER STANDBY CHARGE $11.50
SEWER SERVICE CHARGE $467.88
TOTAL ETR 1.335280%
NOTES
1 Estimate, subject to change.
2 Estimate, subject to change.
* All figures subject to rounding
EXHIBIT 6 - CONTINUED
CITY OF SAN MARCOS
RESTAURANT ROW PROJECT
ESTIMATED SALES TAX REVENUES (CASE STUDY)
SAMPLE PROPERTY TAX BILL
CITY INDIRECT SALES TAX ASSUMPTIONS
APPROVED PROPOSED
LAND USE TYPE COMMERCIAL OFFICE RESIDENTIAL COMMERCIAL OFFICE RESIDENTIAL PLAN PLAN TOTAL CFD SPECIAL TAXES $63,686 $70,567
RESIDENTIAL CFD SPECIAL TAXES1
CFD 98-01 IA 1 173 202 $31,146.95 $36,368
CFD 2001-01 (FIRE) 173 202 $28,792.98 $33,620
TOTAL RESIDENTIAL CFD SPECIAL TAXES $59,940 $69,988
NON-RESIDENTIAL CFD SPECIAL TAXES1
CFD 98-01 IA 1 0.24 0.65 0.24 $1,946 $301
CFD 2001-01 (FIRE) 0.24 0.65 0.24 $1,799 $278
TOTAL NON-RESIDENTIAL CFD SPECIAL TAXES $3,746 $579
APPROVED PROPOSED
LAND USE TYPE COMMERCIAL OFFICE RESIDENTIAL COMMERCIAL OFFICE RESIDENTIAL PLAN PLAN TOTAL CFD SPECIAL TAXES $119,513 $125,674
RESIDENTIAL CFD SPECIAL TAXES1
CFD 98-02 (ZONES A - E)2 173 202 $42,834.80 $50,015
CFD 98-02 (ZONE F)2, 3 173 202 NA NA
CFD 2011-012, 4 173 202 $61,261.03 $71,530
TOTAL RESIDENTIAL CFD SPECIAL TAXES $104,096 $121,545
NON-RESIDENTIAL CFD SPECIAL TAXES1
CFD 98-02 (ZONES A - E)2 0.24 0.65 0.24 $985 $264
CFD 98-02 (ZONE F)2, 3 NA NA
CFD 2011-012, 5 10,400 28,436 10,400 $14,431 $3,865
TOTAL NON-RESIDENTIAL CFD SPECIAL TAXES $15,417 $4,129
LAND USE PER ACRE PER SF PER UNIT
RESIDENTIAL1
CFD 98-01 IA 1 $180.04
CFD 2001-01 (FIRE) $166.43
CFD 98-02 (ZONES A - E)2 $247.60
CFD 98-02 (ZONE F)2, 3 NA
CFD 2011-012, 4 $354.11
COMMERCIAL 1
CFD 98-01 IA 1 $1,260.31
CFD 2001-01 (FIRE) $1,165.03
CFD 98-02 (ZONES A - E)2 $1,105.32
CFD 98-02 (ZONE F)2, 3 N/A
CFD 2011-012, 5 $0.3716
OFFICE 1
CFD 98-01 IA 1 $2,520.62
CFD 2001-01 (FIRE) $2,330.07
CFD 98-02 (ZONES A - E)2 $1,105.32
CFD 98-02 (ZONE F)2, 3 NA
CFD 2011-012, 5 $0.3716
INDUSTRIAL 1
CFD 98-01 IA 1 $954.24
CFD 2001-01 (FIRE) $882.10
CFD 98-02 (ZONES A - E)2 $735.96
CFD 98-02 (ZONE F)2, 3 NA
CFD 2011-012, 5 $0.8100
NOTES
1 Source: City of San Marcos. Assumes Senior Residential property is charged as Commercial property under the RMA. Subject to confirmation by the City. 2 Special assessments collected from the CFD are deposited into Special Funds, not the General Fund. Therefore, these CFD revenues are excluded from this analysis. 3 No special tax rate for Zone F has been established for the project. 4 "Townhome" Rate, per dwelling unit
5 "Retail" Rate, per building square foot
*All figures subject to rounding
PROPOSED ACRES / SQ FT/ UNITS
PROPOSED ACRES / SQ FT/ UNITS
APPROVED ACRES / SQ. FT.
FY 2022-23 SPECIAL TAX RATE
CFD SPECIAL TAX RATE ASSUMPTIONS
CFD SPECIAL TAX SUMMARY - NON-GENERAL FUND IMPACTS (EXCLUDED FROM ANALYSIS) APPROVED ACRES / SQ. FT.
EXHIBIT 7
CITY OF SAN MARCOS
ESTIMATED CFD SPECIAL TAX REVENUES (CASE STUDY)
CFD SPECIAL TAX SUMMARY - GENERAL FUND IMPACTS
RESTAURANT ROW PROJECT
APPROVED PROPOSED
PLAN PLAN
ESTIMATED RECURRING GENERAL GOVERNMENT OVERHEAD EXPENDITURES1 $87,302 $92,919 TOTAL RECURRING CITY GENERAL FUND EXPENDITURES (EXCLUDING GENERAL GOVERNMENT OVERHEAD)2 $56,935,367 TOTAL RECURRING CITY GENERAL GOVERNMENT OVERHEAD3 $20,080,196 TOTAL RECURRING GENERAL FUND EXPENDITURES $77,015,563
RECURRING CITY GENERAL GOVERNMENT OVERHEAD (% OF TOTAL RECURRING GENERAL FUND EXPENDITURES)3 35.27% MARGINAL INCREASE IN GENERAL GOVERNMENT COSTS 100%
NOTES
1 Based on total recurring project general fund expenditures (excluding general government overhead) from Exhibit 12. 2 Based on City of San Marcos Operating Budget, Fiscal Year 2022-23. *All figures subject to rounding
3 General Government Overhead Expenditures defined as costs for City Council, Administration, Housing and Neighborhood Services, City Attorney, City Clerk, Human Resources/Risk Management, Finance/Information Systems, and Real Property Services.
EXHIBIT 8
CITY OF SAN MARCOS
ESTIMATED GENERAL GOVERNMENT EXPENDITURES (CASE STUDY)
GENERAL GOVERNMENT ASSUMPTIONS
GENERAL GOVERNMENT EXPENDITURES CALCULATION
RESTAURANT ROW PROJECT
APPROVED PROPOSED
REVENUE CATEGORY PLAN PLAN
FRANCHISE FEES $17,830 $18,978
LICENSES AND PERMITS $5,772 $6,144
FINES AND FORFEITURES $1,231 $1,310
TOTAL ESTIMATED MULTIPLIER REVENUES $24,833 $26,432
REVENUE CATEGORY MULTIPLIER1 BASIS
SALES TAX NA CASE STUDY
PROPERTY TAX NA CASE STUDY
FRANCHISE FEES $37.81 PERSONS SERVED
LICENSES AND PERMITS $12.24 PERSONS SERVED
FINES AND FORFEITURES $2.61 PERSONS SERVED
NOTES
1 Based on City of San Marcos Operating Budget, Fiscal Year 2022-23 *All figures subject to rounding
MULTIPLIER BASED REVENUE ASSUMPTIONS
EXHIBIT 9
CITY OF SAN MARCOS
ESTIMATED MULTIPLIER BASED GENERAL FUND REVENUES
MULTIPLIER BASED GENERAL FUND REVENUE SUMMARY
RESTAURANT ROW PROJECT
APPROVED PROPOSED
EXPENDITURE CATEGORY PLAN PLAN
PUBLIC WORKS $47,465 $50,518
DEVELOPMENT SERVICES $30,214 $32,158
PUBLIC SAFETY $161,483 $171,872
PARKS AND RECREATION $7,847 $8,352
OTHER FINANCING USES $528 $562
TOTAL MULTIPLIER EXPENDITURES $247,537 $263,462
EXPENDITURE CATEGORY MULTIPLIER1 BASIS
PUBLIC WORKS $100.65 PERSONS SERVED
DEVELOPMENT SERVICES $64.07 PERSONS SERVED
PUBLIC SAFETY $342.43 PERSONS SERVED
PARKS AND RECREATION $16.64 PERSONS SERVED
OTHER FINANCING USES $1.12 PERSONS SERVED
NOTES
1 Based on City of San Marcos Operating Budget, Fiscal Year 2022-23 *All figures subject to rounding
MULTIPLIER BASED EXPENDITURE ASSUMPTIONS
EXHIBIT 10
CITY OF SAN MARCOS
ESTIMATED MULTIPLIER BASED GENERAL FUND EXPENDITURES
MULTIPLIER BASED GENERAL FUND EXPENDITURE SUMMARY
RESTAURANT ROW PROJECT
TOTAL REVENUE PROJECTION
REVENUE CATEGORY REVENUES TYPE METHOD DISCOUNT 1 MULTIPLIER
REVENUES INCLUDED IN FISCAL IMPACT ANALYSIS
SALES TAX $21,889,400 RECURRING CASE STUDY NA NA
PROPERTY TAX $27,358,117 RECURRING CASE STUDY NA NA
SPECIAL TAXES/ASSESSMENTS $6,337,000 RECURRING CASE STUDY NA NA TRANSIENT OCCUPANCY TAX $738,866 RECURRING CASE STUDY 0% NA FRANCHISE FEES $4,259,027 RECURRING PERSONS SERVED 0% $37.81 LICENSES AND PERMITS $1,379,350 RECURRING PERSONS SERVED 0% $12.24 FINES AND FORFEITURES $293,800 RECURRING PERSONS SERVED 0% $2.61 TOTAL INCLUDED GENERAL FUND REVENUES $62,255,560 $52.66 CHARGES FOR SERVICES 3
DEDUCTED FROM GENERAL GOV'T CHARGES $1,511,735 NA NA NA NA DEDUCTED FROM PUBLIC WORKS $1,079,532 NA NA NA NA
DEDUCTED FROM DEVELOPMENT SERVICES $728,914 NA NA NA NA DEDUCTED FROM PUBLIC SAFETY: BUILDING REGULATION CHARGES $5,575,806 NA NA NA NA DEDUCTED FROM PARKS AND RECREATION $2,580,842 NA NA NA NA TOTAL CHARGES FOR SERVICES $11,476,830
REVENUES EXCLUDED FROM FISCAL IMPACT ANALYSIS
USE OF MONEY AND PROPERTY 4 $1,791,000 NA NA NA NA
MISCELLANEOUS REVENUES $214,560 NA NA NA NA
OTHER FINANCING SOURCES $6,479,300 NA NA NA NA
INTERGOVERNMENTAL REVENUES $7,194,643 NA NA NA NA
DEVELOPER FEES $11,500 NA NA NA NA
TOTAL EXCLUDED GENERAL FUND REVENUES $15,691,003
TOTAL GENERAL FUND REVENUES + CHARGES FOR SERVICES $89,423,393 TOTAL RECURRING GENERAL FUND REVENUES $62,255,560
NOTES
1 Certain revenues may not be be expected to increase one-to-one with the new development. 2 Source: FY 2022-23 Budget.
3 All Charges for Services are deducted from expenditures on Exhibit 12. 4 Interest income is modeled on a case study basis on Exhibit 8. *All figures subject to rounding
EXHIBIT 11
CITY OF SAN MARCOS
FY 2022-23 GENERAL FUND REVENUE SUMMARY
RESTAURANT ROW PROJECT
CHARGES FOR
TOTAL SERVICES EXPENDITURE PROJECTION
EXPENDITURE CATEGORY EXPENDITURES ADJUSTMENT TYPE METHOD1 DISCOUNT2 MULTIPLIER
EXPENDITURES INCLUDED IN FISCAL IMPACT ANALYSIS
GENERAL GOVERNMENT EXPENDITURES
CITY COUNCIL $283,294 RECURRING CASE STUDY NA NA
ADMINISTRATION $10,266,224 RECURRING CASE STUDY NA NA
ECONOMIC DEVELOPMENT $335,896 RECURRING CASE STUDY NA NA CITY ATTORNEY $940,000 RECURRING CASE STUDY NA NA
CITY CLERK $1,165,490 RECURRING CASE STUDY NA NA
HUMAN RESOURCES/ RISK MANAGEMENT $4,096,247 RECURRING CASE STUDY NA NA FINANCE/ INFORMATION SYSTEMS $4,363,173 RECURRING CASE STUDY NA NA REAL PROPERTY SERVICES` $141,607 RECURRING CASE STUDY NA NA TOTAL GENERAL GOVERNMENT EXPENDITURES $21,591,931 ($1,511,735) $20,080,196 $0.00
PUBLIC WORKS
OPERATIONS $10,259,077 $1,079,532 RECURRING PERSONS SERVED 0% $100.65 ENGINEERING $0 $0 RECURRING PERSONS SERVED 0% $0.00
STORMWATER PROGRAM MANAGEMENT $0 $0 RECURRING PERSONS SERVED 0% $0.00 TOTAL PUBLIC WORKS $10,259,077 ($1,079,532) RECURRING PERSONS SERVED 0% $9,179,545 PERSONS SERVED 0% $100.65
DEVELOPMENT SERVICES
ADMINISTRATION $1,494,468 ($122,656) RECURRING PERSONS SERVED 0% $12.18 PLANNING $1,484,910 ($121,872) RECURRING PERSONS SERVED 0% $12.10 BUILDING $1,491,629 ($122,423) RECURRING PERSONS SERVED 0% $12.15 ENGINEERING $2,386,017 ($195,829) RECURRING PERSONS SERVED 0% $19.44 WATERSHED PROGRAM MANAGEMENT $923,403 RECURRING PERSONS SERVED 0% $8.20 TOTAL DEVELOPMENT SERVICES $7,780,427 ($728,914)
$7,051,513 PERSONS SERVED 0% $64.07
PUBLIC SAFETY
FIRE DEPARTMENT $20,086,339 ($2,257,584) RECURRING PERSONS SERVED 0% $158.26 LAW ENFORCEMENT $23,374,137 ($2,627,113) RECURRING PERSONS SERVED 0% $184.17 TOTAL PUBLIC SAFETY $43,460,476 ($5,575,806)
$37,884,670 PERSONS SERVED 0% $342.43
PARKS AND RECREATION
COMMUNITY SERVICES $4,135,137 ($2,260,952) RECURRING PERSONS SERVED 0% $16.64 TOTAL PARKS AND RECREATION $4,135,137 ($2,580,842)
$1,554,295 PERSONS SERVED 0% $16.64
OTHER FINANCING USES
ANNUAL REPLACEMENT/REHAB TRANSFERS $1,265,345 RECURRING PERSONS SERVED 90% $1.12 TOTAL OTHER FINANCING SOURCES $1,265,345 $0
$1,265,345 PERSONS SERVED 90% $1.12
TOTAL INCLUDED EXPENDITURES $88,492,393 $77,015,563
EXPENDITURES EXCLUDED FROM FISCAL IMPACT ANALYSIS
TRANSFERS OUT $931,000 NA NA NA NA
TOTAL EXCLUDED GENERAL FUND EXPENDITURES $931,000
TOTAL GENERAL FUND EXPENDITURES $89,423,393 $77,015,563 Ratio
26.07%
NOTES
1 Persons Served method assumes City population plus 50% of employees. 2 Certain expenditures may not be expected to increase one-to-one with the new development. * Source: FY 2022-23 Budget.
*All figures subject to rounding
EXHIBIT 12
CITY OF SAN MARCOS
FY 2022-23 GENERAL FUND EXPENDITURE SUMMARY
RESTAURANT ROW PROJECT