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Valuation <br />Usually, higher -valued structures carry a greater risk to the community from loss by fire. Assessed value <br />holds merit simply because a third party, typical the county assessor determines the value of a property. <br />Service Demand (Call Volume) <br />An element which includes a three to five year average of calls within each municipality and proportions <br />those calls by the whole to determine the cost share to a particular jurisdiction. <br />Area (geographical boundaries) <br />The cost of services can be apportioned based on the geographic area served relative to the whole. This <br />element in not widely used within cost share formulas. To be effectively fair, each service area should <br />very similar in size and development. <br />Fixed Rate <br />A fee schedule is used to base on the type or level of service desired by a particular community. Fixed <br />rates are rarely used in shared service ventures due to the ever -changing risks (i.e. population, jobs, <br />commerce and structures) within each community. A fixed fee maybe a suitable factor to consider for <br />those communities who wish to continue higher levels of service relative to the whole. <br />Weighted -Element Allocation <br />As part of the cost sharing methodology, it may be determined that a particular element plays a larger <br />factor in a cost share formula then other elements. The cost share formula would then weight more <br />heavily on one element over another to establish a suitable cost share formula for all governmental <br />entities. <br />VII. Summary and Recommendations <br />Residents want their government to get the greatest possible outcome for every tax dollar they spend. <br />The Shared Fire Services have identified some consolidated resources that would provide the best use of <br />the tax payer's dollars. Based upon the information contained in the report, it is the consensus of the <br />committee that there is value in proceeding to further evaluate the feasibility of a shared fire service for <br />the communities involved. <br />13 <br />