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3. FISCAL IMPACT ANALYSIS This chapter describes the methodology and key assumptions used in calculating the fiscal impacts of the Pleasanton Gateway Business Park development on the City of Pleasanton's General Fund. The analysis is based on a number of sources, including the City's FY 2009 -2010 Adopted Budget, other data sources, and EPS's prior work experience in similar jurisdictions. The fiscal impact analysis does not consider the potential impact that the Project will have on demand for one -time capital improvements or public facilities in the City and does not evaluate the financial feasibility of the land uses. All revenue and expenditure forecasts are in constant 2010 dollars. For each cost and revenue item, EPS used the most appropriate forecasting methodology available. Citywide general assumptions are shown in Table 4. The forecasting approach and the summary of results are shown in Table 5 and are summarized below. • Per - Capita and Per - Daytime Population. Per - capita estimates are applied to cost and revenue items that are assumed to increase or decrease in some relation to the number of residents and /or employees estimated to be generated by the Project. Either employees or daytime population is used depending upon which definition had the closest relationship to a given budget item.s • Not Impacted. Some budget items are not estimated because certain City revenues and expenditures are not affected by new development associated with this Project, such as Vehicle License Fees (VLF) and interest income and rent revenues. • Other. A case study approach is used to calculate budget items for which none of the above approaches is deemed appropriate, such as property and sales taxes. City General Fund Revenues This section describes the methodology and assumptions used for each revenue item estimated in this analysis. Table 6 provides an annual summary of the General Fund revenues through a year after buildout. Several General Fund revenue items are not forecasted because the Project is not expected to affect them. s EPS uses daytime population to estimate revenues and expenditures that are not strictly attributable to either residential or commercial development. Daytime population is estimated to be the residential population plus one -half of the number of employees. EPS counts only one -half of employees in the daytime population because some employees will also be Pleasanton residents, and because employees who live outside Pleasanton spend less total time in the City than do residents, thereby affecting the City budget to a lesser degree. Economic & Planning Systems, Inc. 10 p:uwoosowolpfeasanton\RePOrt 18101Ve