FIAM USER GUIDE COVER II - Fiscal Impact Analysis Model - OKI

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Fiscal Impact Analysis Model User Guide When you have entered or reviewed and accepted the data in the yellow and orange cells, the Model will generate several items relating to the estimated costs: • A statement of yearly costs associated with the capital item (not including the down payment). This statement, in columns Q through Y, identifies the payment per period and the total annual cost. These costs are provided in “Nominal” and in “Real” dollars. The Nominal costs represent the value of money in the first year of the payback period, and the Real costs discount the value of future payments through the life of the loan on the basis of the economic assumption that money to be accrued in the future has less value in the present than money that exists in the present. This is, in many respects, the converse of inflation – it is based on the assumption that, because of inflation, the same nominal amount of money in the future will be actually worth less than the same amount at present. Columns Q-T provide the actual cost over the payback period that was identified in Column O, and Columns V-T estimate the cost if it were spread over the actual expected life of the capital asset. 46
Fiscal Impact Analysis Model User Guide Using the Capital Cost Module’s Results The Capital Cost Module’s results will be only as good as the accuracy and reliability of the information that is input into the Model from your jurisdiction. The user should always use the most accurate data available. The results from the Module are estimates of potential future capital expenditures base on certain assumptions made by the user about available public services and the impact of new development. This information should not be the sole source for making land use decisions. October 2009 47
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FIAM USER GUIDE COVER II - Fiscal Impact Analysis Model - OKI

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