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Anoka County 2019 Multi-Jurisdictional All Hazards Mitigation Plan 123 53B4.4.4 Hazard Loss Calculations To complete the loss estimation, the level of damage must be assessed, both as a percentage of the asset structural and content replacement value, and as a function. To illustrate, a library in a flood hazard could suffer 40% damage. The potential loss is calculated by multiplying the value of the structure, the contents, and the use by 40%. To determine the loss to the structure in a particular hazard event, multiply the structure replacement value by the expected percent damage. For example, if the library’s structure replacement value equals $100,000 and the expected damage from a 100-year flood is 40 percent of the structure, then the loss to this structure from a flood is $40,000. To determine the losses to the contents from a particular hazard event, multiply the replacement value of the contents by the expected percent damage. For example, if the library’s content replacement value equals $225,000 and the expected damage from a 100-year flood is 10 percent of the contents, then the losses to these contents from a flood is $22,500. To determine the cost of the loss of function for the period that the business or service was unable to operate due to the hazard event, Estimate the losses to structure use and function by determining functional downtime, or the time (in days) that the function would be disrupted from a hazard event. Then estimate the daily cost of the functional downtime. Divide the average annual budget or sales by 365 to determine the average daily operating budget or sales. Multiply the average daily operating budget or sales by the functional downtime to determine the cost of the loss of function for the period that the business or service was unable to operate due to the hazard event. For example, if an ice cream shop had daily sales of $2,500 during the summertime and was forced to close for two weeks because of damages from a hazard event, the function loss would be $35,000 ($2,500 x 14 days). For a public facility, such as a library with an annual budget of $600,000 and an average daily budget of $1,644 ($600,000 / 365), the loss estimate for a seven-day closure would be $11,508. To determine the cost of the displacement from the regular place of business, determine the time (in days) that a function may need to operate from a temporary location due to a hazard event and multiply by the temporary location cost per day. Multi-hazard Requirement §201.6(c)(2)(ii)(B): The plan should describe vulnerability in terms of an estimate of the potential dollar losses to vulnerable structures identified in paragraph (c)(2)(i)(A) of this section and a description of the methodology used to prepare the estimate. A. Does the plan estimate potential dollar losses to vulnerable structures? B. Does the plan describe the methodology used to prepare the estimate?