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 -
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
Collecting and transporting waste from storage locations to disposal destinations
X2 X2 X2 X2 X2 X2 X2 X2 X2
4. What ratio determines the Maintenance Reinvestment Rate (MRR) of an institution? -
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
CORRECT ANSWER -Maintenance and repair costs divided by current replacement value
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
5. An institution's strategic capital development model reviews facilities' quality under w
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
hat conditions? - CORRECT ANSWER -As part of the needs assessment stage
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
6. The insurance company has asked for the current replacement value (CRV) of the ca
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
mpus. How would the CRV be calculated? - CORRECT ANSWER -
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
GSF multiplied by replacement cost
X2 X2 X2 X2
7. The Strategic Capital Development Model focuses on: - CORRECT ANSWER -
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
a comprehensive approach concerning the facility portfolio.
X2 X2 X2 X2 X2 X2
8. Campus financial equilibrium can be achieved when: - CORRECT ANSWER -
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
current revenue equals or is greater than current expenditures
X2 X2 X2 X2 X2 X2 X2 X2 X2
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 -
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
Collecting and transporting waste from storage locations to disposal destinations
X2 X2 X2 X2 X2 X2 X2 X2 X2
4. What ratio determines the Maintenance Reinvestment Rate (MRR) of an institution? -
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
CORRECT ANSWER -Maintenance and repair costs divided by current replacement value
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
5. An institution's strategic capital development model reviews facilities' quality under w
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
hat conditions? - CORRECT ANSWER -As part of the needs assessment stage
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
6. The insurance company has asked for the current replacement value (CRV) of the ca
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
mpus. How would the CRV be calculated? - CORRECT ANSWER -
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
GSF multiplied by replacement cost
X2 X2 X2 X2
7. The Strategic Capital Development Model focuses on: - CORRECT ANSWER -
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
a comprehensive approach concerning the facility portfolio.
X2 X2 X2 X2 X2 X2
8. Campus financial equilibrium can be achieved when: - CORRECT ANSWER -
X2 X2 X2 X2 X2 X2 X2 X2 X2 X2
current revenue equals or is greater than current expenditures
X2 X2 X2 X2 X2 X2 X2 X2 X2
