AGENDA #5c

Quick Illustration of Funding Need

§ Fire Department operating budget:  $5,321,000

§ Percentage of service calls generated by University and UNC Hospitals

             31%     2000-01

             26%     2001-02

             22%     2002-03

             26%     average over 3 years

§ Value of University and UNC Hospitals buildings compared to total taxable real estate in Chapel Hill

                   $3,668,000,000    University and UNC Hospitals ^a

                   $3,690,000,000    Chapel Hill taxable real estate ^b

                  $7,358,000,000 Total

                   50% University and UNC Hospitals

§ Fair share of service costs for University and UNC Hospitals

                   $1,383,000    Based on average share of service calls

                  $1,170,000    Based on lowest share of service calls

                  $2,660,000    Based on value of property exposures

§ Present annual appropriation for fire protection

                   $850,000

^a Insurance values for buildings

^b Includes land

 [Based on Fire Department research 2004]