Get the free Fiscal Impact Form - City of Snoqualmie

CITY OF SNOQUALMIE Statement of Fiscal Impact Contract/Agreement Name: Azalea Park Project Hawk Valley Enterprises (Contractor) Exhibit to Agenda Bill No. Department: Date Submitted: Prepared By:

How to fill out fiscal impact form

1. Start by gathering all the necessary information and documentation. This may include financial statements, budget projections, and any supporting data related to the project or policy being assessed.
2. Begin by filling out the basic information section of the fiscal impact form. This typically includes details such as the name of the organization or individual completing the form, contact information, and the date.
3. Move on to the section where you will provide a brief description of the project or policy for which the fiscal impact is being assessed. Be concise but thorough, highlighting key objectives and expected outcomes.
4. Identify the revenue sources that will be affected by the project or policy. This may include taxes, fees, grants, or other sources of income. Provide estimates of the revenue impact, being as precise as possible.
5. Next, analyze the potential costs associated with implementing the project or policy. Take into account expenses such as staffing, equipment, materials, and any other relevant factors. Provide estimates for each cost category.
6. Consider any potential savings or cost avoidance that may result from the project or policy. This could include reductions in expenses, improved efficiency, or other economic benefits. Again, provide estimates or explanations for each identified benefit.
7. Evaluate the potential social and economic impacts of the project or policy. This may include factors such as job creation, increased tax revenue, or improved quality of life for the community. Use supporting data or research to back up your assessments.
8. Finally, review and double-check your completed fiscal impact form for accuracy and completeness. Ensure that all sections have been filled out correctly and that the information provided is clear and consistent.

Who needs fiscal impact form?

1. Local government entities that are considering approving or implementing a new project or policy.
2. Developers or businesses seeking permits or approvals for their projects.
3. Nonprofit organizations applying for grants or funding, particularly if the proposed project has potential economic implications.
4. Researchers or analysts studying the potential fiscal impacts of certain policies or projects.
5. Economic development agencies or consultants who provide impact assessment services to various stakeholders in order to inform decision-making processes.

For pdfFiller’s FAQs

What is fiscal impact form?

The fiscal impact form is a document used to quantify the financial effects of a proposed policy, legislation, or project on a government entity's budget.

Who is required to file fiscal impact form?

Government agencies, legislative bodies, or any entity responsible for proposing policies, legislation, or projects that may have financial implications must file a fiscal impact form.

How to fill out fiscal impact form?

To fill out a fiscal impact form, you need to provide information about the proposed policy, legislation, or project's anticipated costs, funding sources, potential revenue impact, and any other relevant financial details.

What is the purpose of fiscal impact form?

The purpose of the fiscal impact form is to assess the potential financial impact of a proposed policy, legislation, or project to enable informed decision-making and proper budget planning.

What information must be reported on fiscal impact form?

The fiscal impact form typically requires information such as estimated costs, potential revenues, funding sources, anticipated savings, and any other relevant financial data related to the proposed policy, legislation, or project.

How do I make changes in fiscal impact form?

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