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7. AneysW <br />2.1.2 Adjustments <br />Several adjustments were required to the total fixed assets in-service. First, IRCDUS fixed asset records <br />identified contributed assets which represent assets donated, contributed, or otherwise not funded by <br />IRCDUS and are therefore excluded from the calculation of impact fees to avoid double recovery of these <br />costs. Contributed assets are often local neighborhood collection or distribution assets funded by <br />developers. Second, Stantec deducted general and administrative assets and minor vehicles and <br />equipment that do not represent investment in backbone or capacity related infrastructure. Schedules 3 <br />and 4 of the Appendix summarizes these adjustments to the water and sewer system fixed asset values, <br />respectively. <br />2.1.3 Cost Basis <br />The resulting system values, net of adjustments, for use as the cost basis for calculating the water and <br />sewer impact fees are summarized in Table 2 and Table 3, respectively. <br />Table 2 - Water System Impact Fee Cost Basis4 <br />Description <br />Treatment <br />Transmission <br />Existing Assets: Plant in Service (RCNLD) <br />$59.7M $124.2M <br />Less: Contributed Assets <br />($7.9M) <br />($51.1 M) <br />Net Cost Basis for Impact Fees5 <br />$51.7M <br />$73.1M <br />Table 3 - Sewer System Impact Fee Cost Basis' <br />Description <br />Treatment <br />Transmission <br />Existing Assets: Plant in Service (RCNLD) <br />$79.9M <br />$115AM <br />Less: Contributed Assets <br />($3.0M) <br />($71.4M) <br />Net Cost Basis for Impact Fees' <br />$77.OM <br />$44.OM <br />4 Excludes non -capacity related infrastructure (i.e., administrative assets, meters, vehicles, and minor equipment). <br />5 Totals may not add due to rounding. <br />6 Excludes non -capacity related infrastructure (i.e., administrative assets, meters, vehicles, and minor equipment). <br />I Totals may not add due to rounding. <br />0 115 <br />