CEFP EXAM REVIEW QUESTIONS WITH
CORRECT ANSWERS 2025/2026
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 -Collecting and
transporting waste from storage locations to disposal destinations
4. What ratio determines the Maintenance Reinvestment Rate (MRR) of an institution? -
CORRECT ANSWER -Maintenance and repair costs divided by current replacement value
5. An institution's strategic capital development model reviews facilities' quality under
what conditions? - CORRECT ANSWER -As part of the needs assessment stage
6. The insurance company has asked for the current replacement value (CRV) of the
campus. How would the CRV be calculated? - CORRECT ANSWER -GSF multiplied by
replacement cost
7. The Strategic Capital Development Model focuses on: - CORRECT ANSWER -a
comprehensive approach concerning the facility portfolio.
8. Campus financial equilibrium can be achieved when: - CORRECT ANSWER -
current revenue equals or is greater than current expenditures
CORRECT ANSWERS 2025/2026
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 -Collecting and
transporting waste from storage locations to disposal destinations
4. What ratio determines the Maintenance Reinvestment Rate (MRR) of an institution? -
CORRECT ANSWER -Maintenance and repair costs divided by current replacement value
5. An institution's strategic capital development model reviews facilities' quality under
what conditions? - CORRECT ANSWER -As part of the needs assessment stage
6. The insurance company has asked for the current replacement value (CRV) of the
campus. How would the CRV be calculated? - CORRECT ANSWER -GSF multiplied by
replacement cost
7. The Strategic Capital Development Model focuses on: - CORRECT ANSWER -a
comprehensive approach concerning the facility portfolio.
8. Campus financial equilibrium can be achieved when: - CORRECT ANSWER -
current revenue equals or is greater than current expenditures
