CEFPQUESTIONSWITHCORRECTANSWERS 2026 h h h h h
/2027 RATED A+ h h
Capital Renewal/Replacement - CORRECT ANSWER -
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A systematic management process of planning and budgeting for known future cyclical repair and re
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placement requirements that extend the life and retain the usable condition of facilities and systems,
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not normally contained in the annual operating budget. Includes major activities that have a mainte
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nance cycle in excess of one year (e.g., replace roofs, paint buildings, resurface roads)
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Facilities Condition Index (FCI Index) - CORRECT ANSWER -A comparative industry
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indicator/benchmark used to indicate the relative physical condition of a facility, group of buildings, h h h h h h h h h h h h h h
or entire portfolio "independent" of building type, construction type, location, or cost
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Deferred Maintenance (DM) Backlog - CORRECT ANSWER -
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Total dollar amount of existing maintenance repairs and required replacements (capital renewal) th
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at were not accomplished when they should have been, not funded in the current fiscal year, or othe
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rwise deferred h
Strategic Capital Development Model - CORRECT ANSWER -Instead of periodic and stand-
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alone studies of elements of the capital needs of an institution, this model defines six phases of an integr
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ated and comprehensive ("soup-to-nuts") planning process
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Facilities Condition Assessment - CORRECT ANSWER -
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Continuous systematic approach to identifying, assessing, prioritizing, and maintaining the specific
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maintenance, repair, renewal, and replacement requirements for all facility assets
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Facilities Audit - CORRECT ANSWER - h h h h h
Method of assessing existing buildings and infrastructure to measure the extent of maintenance backlog
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s
Recapitalization - CORRECT ANSWER - h h h h
Periodic recurring costs for replacement/renewal projects and one-
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, time funding for improvements and programmatic projects
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/2027 RATED A+ h h
Capital Renewal/Replacement - CORRECT ANSWER -
h h h h h
A systematic management process of planning and budgeting for known future cyclical repair and re
h h h h h h h h h h h h h h
placement requirements that extend the life and retain the usable condition of facilities and systems,
h h h h h h h h h h h h h h h
not normally contained in the annual operating budget. Includes major activities that have a mainte
h h h h h h h h h h h h h h
nance cycle in excess of one year (e.g., replace roofs, paint buildings, resurface roads)
h h h h h h h h h h h h h
Facilities Condition Index (FCI Index) - CORRECT ANSWER -A comparative industry
h h h h h h h h h h
indicator/benchmark used to indicate the relative physical condition of a facility, group of buildings, h h h h h h h h h h h h h h
or entire portfolio "independent" of building type, construction type, location, or cost
h h h h h h h h h h h
Deferred Maintenance (DM) Backlog - CORRECT ANSWER -
h h h h h h h
Total dollar amount of existing maintenance repairs and required replacements (capital renewal) th
h h h h h h h h h h h h
at were not accomplished when they should have been, not funded in the current fiscal year, or othe
h h h h h h h h h h h h h h h h h
rwise deferred h
Strategic Capital Development Model - CORRECT ANSWER -Instead of periodic and stand-
h h h h h h h h h h h
alone studies of elements of the capital needs of an institution, this model defines six phases of an integr
h h h h h h h h h h h h h h h h h h
ated and comprehensive ("soup-to-nuts") planning process
h h h h h
Facilities Condition Assessment - CORRECT ANSWER -
h h h h h h
Continuous systematic approach to identifying, assessing, prioritizing, and maintaining the specific
h h h h h h h h h h h
maintenance, repair, renewal, and replacement requirements for all facility assets
h h h h h h h h h
Facilities Audit - CORRECT ANSWER - h h h h h
Method of assessing existing buildings and infrastructure to measure the extent of maintenance backlog
h h h h h h h h h h h h h
s
Recapitalization - CORRECT ANSWER - h h h h
Periodic recurring costs for replacement/renewal projects and one-
h h h h h h h
, time funding for improvements and programmatic projects
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