CEFP EXAM REVIEW QUESTIONS WITH CORRECT ANSWERS

CEFP EXAM REVIEW QUESTIONS WITH
CORRECT ANSWERS 2026/2027
1. The method for calculating maintenance funding for new facilities through the
application of reinvestment rate funding involves dollars as a percentage of: - CORRECT
ANSWER -building value



2. The board of trustees has asked for a report on the facility renewal backlog. The facilities
professional has chosen to use the Facilities Condition Index (FCI) to organize the list of
buildings. How is FCI calculated? - CORRECT ANSWER -DM divided by CRV



3. Which is a basic component of solid waste disposal? - CORRECT ANSWER -
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Collecting and transporting waste from storage locations to disposal destinations
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4. What ratio determines the Maintenance Reinvestment Rate (MRR) of an institution? -
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CORRECT ANSWER -Maintenance and repair costs divided by current replacement value
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5. An institution's strategic capital development model reviews facilities' quality under w
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hat conditions? - CORRECT ANSWER -As part of the needs assessment stage
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6. The insurance company has asked for the current replacement value (CRV) of the ca
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mpus. How would the CRV be calculated? - CORRECT ANSWER -
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GSF multiplied by replacement cost
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7. The Strategic Capital Development Model focuses on: - CORRECT ANSWER -
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a comprehensive approach concerning the facility portfolio.
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8. Campus financial equilibrium can be achieved when: - CORRECT ANSWER -
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current revenue equals or is greater than current expenditures
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