Indicator Series Methodology: The fiscal index is a composite of key performance measures designed to monitor the relative performance of the Clark County fiscal system. The index includes measures likely to impact the various significant revenue sources of the County, including, property values (ad valorem tax revenues), number of real property transaction (property transfer tax), utility connections (franchise fees), sales activity (taxable retail sales), automobile sales (automobile privilege tax), cigarette and alcohol sales (cigarette and alcohol taxes), employment (business license fees), hotel room revenues (room tax collections), and the number of gaming devices (gaming license fees). Each indicator is weighted based on its estimated impacts to the overall fiscal structure in an effort to provide a meaningful assessment.

Definitions: Average Cost of Housing – Existing Homes – Median price of existing homes (source: www.snhba.com - through Home Builders Research). Average Cost of Housing – New Homes - Median price of newly constructed homes. (source: www.snhba.com - through Home Builders Research). Commercial Construction Permit Valuation – Total value of commercial construction permits approved. (source: UNLV Center for Business and Economic Research). Number of New and Existing Home Sales – Total transactions for residential sales. (source: UNLV Center for Business and Economic Research). Electric Meter Counts – Number of connected residential electric meters (source: UNLV Center for Business and Economic Research). Taxable Retail Sales Activity and Automobile Sales (source: Nevada Department of Taxation). Cigarette (in Packs) and Liquor (in Gallons) Sales (source: Nevada Department of Taxation). Employment – Total amount of employment for the Las Vegas Metropolitan Statistical Area (MSA) (source: Nevada Department of Employment, Training and Rehabilitation). Room Nights Occupied – Occupancy rate multiplied by the total hotel room inventory (source: Las Vegas Convention and Visitors Authority). Average Daily Rate (ADR) per Room – Average room rate charged per room per night (source: Las Vegas Convention and Visitors Authority). Number of Slot Machines and Gaming Tables – Number of gaming devices (source: Nevada Gaming Control Board).