Economic Impact Worksheet
Judi

I. Local Business Volume

A. Non-personnel expenditures for the fiscal year

• 1. Your non-personnel budget total: $0.00.
• 2. 85% of this is $0.00.

B. Personnel expenditures for the fiscal year

• 3. Your total budget for staff wages and benefits (excluding instructors): $2,011.00
• Withholding: $0.00
• 4. Disposable Income = Your total wage and benefit budget less withholding: $2,011.00

C. Expenditures by Visitors from outside the area (Seminars & Conferences, Special Events, etc.)

• 5. Average Amount spent per day X average number of days in the community: $852.00

D. Expenditures by non-credit/enrichment class attended

• 6. Number of participants per year x the average number of sessions per year x average amount (non-fee) spent per session attended (vending, meals, parking supplies, etc. : $0.00
• 7. Direct business impact on Community (2 + 4 + 5 + 6): $2,863.00
• Local business volume generated by program: $8,589.00

II. Cost Savings to Business and Industry

• 8. Number of people who regularly participate in fitness related programs (yoga, aerobics, belly dance, ballroom dance, etc.) in your program: 0.00
• 9. Multiply the number of participants by $225 to determine savings in health care costs to local employers: $0.00

III. Measure the productivity increases facilitated by your program

• 10. Average number of professionals who participate in your training programs: 0.00
• 11. Average salary for the professionals attending your training programs: $0.00
• 12. Multiply the average salary of professional participants (10) x the number of participants (8) x .04 for a conservative estimate of productivity increase. (Studies have found that greater increases can occur).: $0.00
• 13. Number of participants you serve in non-credit business classes: 0.00.
• 14. Average salary of these participants: $0.00.
• 15. Multiply the average salary of non-credit business class attendees (13) x the number of participants (12) x .04 for a conservative estimate of productivity increase: $0.00
• 16. Add the numbers you got in items 12 and 15 to determine the total dollars saved in increased productivity: $0.00

IV. Total Cost Savings to Business and Industry

• 17. Add items 9 and 16 to determine the total cost savings in health care and productivity to businesses and industry: $0.00

Jobs Created

• 18. your total non-personnel expense budget: $0.00
• 19. Multiply your non-personnel expense budget x .45 (based on percentage of total expenditures that are local): $0.00
• 20. Multiply the number in 19 x .00008 to determine how many jobs, in addition to your staff, are created by your organization: 0

VI. Total personal income to regional residents

• Total Salary for instructors: $8.00
• 21. Total salary for instructors x 0.939 (the percent spent in the local area):$7.51

VII. Total expansion of local credit base

• Your total budget: $5.00
• 22. Your total budget x .24: $1.20 (primary credit base expansion)
• 23. Number in item 22 x 8.1: $9.72 (secondary credit base expansion)
• 24. Add 22 + 23 for total credit base expansion: $10.92

VIII. Total Economic Impact

• Add items 7 + 17 + 21 + 24 to determine total economic impact of your program: $8,607.43.