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FLOOD03186
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Last modified
1/25/2010 6:26:33 PM
Creation date
10/4/2006 11:30:49 PM
Metadata
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Template:
Floodplain Documents
County
Statewide
Community
All
Stream Name
All
Basin
Statewide
Title
Benefit-Cost Analysis of Hazard Mitigation Projects
Date
1/1/1996
Prepared For
FEMA
Prepared By
FEMA
Floodplain - Doc Type
Educational/Technical/Reference Information
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<br />VERSION 1.0 1/12/95 <br /> <br />B-C PROGRAM: Level One Analysis <br /> <br />Annual Budget <br /> <br />Is Rent <br />Included? <br /> <br />Proxy Rent <br /> <br />User-Entered <br />Rent Estimate <br /> <br />Cost of <br />Providing <br />Services <br /> <br />Post-Disaster <br />Continuity <br />Premium <br /> <br />GREEN Block (Data Input). The Annual Budget of Public/Nonprofit <br />Agencies is the total annual operating budget of all the public/nonprofit <br />agency functions located in this building. The total should include <br />rental costs but exclude "pass-through" monies (e.g., Social Security <br />payments) which the agency receives and redistributes. The annual <br />operating budget is used to estimate the value of services provided. <br />For example, if a public/nonprofit agency spends $10,000 per day <br />providing a service to the public, then this service is valued at $10,000 <br />per day and the loss of this service due to flood damage is also valued <br />at $10,000 per day. <br /> <br />GREEN Buttons (Data Input). Select whether the Annual Budget <br />includes or excludes any rent paid (by an agency which does not own <br />the structure) by clicking on the appropriate button. Your choice will be <br />displayed next to the rent buttons. <br /> <br />ORANGE Block (Default). If rent is NOT included in the annual <br />budget, the program calculates a default or proxy rent based on the <br />value of the building and the discount rate. <br /> <br />BLUE Block (Override Default). If rent is NOT included in the annual <br />budget, AND if the proxy rent displayed is NOT a reasonable estimate <br />for the building under evaluation, then enter a User-Entered Rent <br />Estimate ($/mo) In place of Proxy Rent. <br /> <br />YELLOW Block (Resuit). The program calculates the daily Cost of <br />Providing Services from this Building ($/day) based on the annual <br />budget and, if rent is not included in the annual budget, from the default <br />proxy rent or, if provided, from the user-entered rent estimate. <br /> <br />GREEN Block (Data Input). Some public/nonprofit services may be <br />very little in demand after a disaster, while others may be vital to <br />maintain. Public/nonprofit services that are important for post-disaster <br />response and recovery are worth more to the community after the <br />disaster than in normal circumstances. The Post-Disaster Continuity <br />Premium ($/day) is a way of assigning an extra value to these post- <br />disaster services. <br /> <br />For example, emergency services would be vital in the hours and days <br />immediately following a disaster, whereas routine services such as <br />employment referral would not. Based on the nature of the services in <br />this building, the continuity premium is how much extra daily cost t~e <br />tenant agencies would be willing to spend to maintain agency functions <br />after a disaster. <br /> <br />6-12 <br />
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