Board Of Aldermen - Agenda - 4/12/2022 - P467
represent ongoing capital projects. The advantage of this approach is its
simplicity of implementation and its wide acceptance by both consultants and
local officials. The downside of this approach is that the methodology calculates
the “average” cost as being the expected cost, which is often not the case and
costs can be understated or exaggerated; significantly in some instances. If one
student is added to a school system, limited cost impacts will occur; however,
based on an “average” cost to educate one student the cost would be noted as