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mum 4 Final Report Table 9 Sc;i tv of Mounds View : Municipal Cost / Rev� nue Anal yr i t, Property Tax Net Revenues Projected Cost / Revenue Development Generated Service Costs — + Type City City _ Ciry $ R—1 $39 , 494 $66 , 355 —$26 , 861 60% R-3 • $ 100 , 207 $ 163 , 300 —;;61 091 61 . R-4 $176 , 830 $ 140 , 415 +$sn , 415 126% Mix $ 116 , 705 $ 125 , 211 —$8 , 506 93% Commercial Shopping Center $ 191 , 133 $ 144 , 383 +$46 , 750 132% Industrial $ 101 , 684 $35 , 120 +S66 , 564 290% Vacant $4 , 330 $2 , 000 1-$2 , 330 217% * less than 10070 indicates net $ loss a7td over 1U0% indicates a net S gain . Source : Consultant ' s Projections . V . Summary and Conclusions As noted throughout this report , because of the general nature • of this study and the many intangiables and variablies involved , the results of the study may not be directly transferable to a specific case study or project . Fiscal impact study and analysis is a complicated process which relies on extensive record keeping at best . Without such records , regional data must be used which may not be an accurate reflection of the situation in Mounds View. This is especially true in attempting to determine service costs for the different land uses . Not only is the basic data diffi— cult to obtain , but the standards for different services such as police and fire protection are at best very subjective or general in nature or lacking entirely . Having stated this and recognizing the limitations of the study , the study results may be useful for the elected officials in certain circumstances . For example , every attempt was made to use " realistic" development proposals both in terms of densi— ties and price ranges and the fiscal disparities act was in— cluded in the analysis and calculations . Thus , the revenue side of the fiscal impact analysis may be relatively accurate with the cost side for the services being less accurate . As such , the results of the study can be used by the local offi— cials as one input among several as a means to establish future development policies for the city or in reviewing large devel— opment proposals . Another major conclusion of the study is that these studies • can be improved in terms of accuracy by establishing different record keeping procedures than those commonly used by govern— mental units . Thus , the City of Mounds View needs co deter— mine whether it wants to modify some of the existing record— keeping procedures in order to improve the accuracy of future fiscal impact studies .