CAPITAL ASSET MAINTENANCE PLAN - Laserfiche WebLink

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New capital projects are identified as part of the District's 10 -Year Capital Improvement Plan and funded via the two-year budget. Total capital replacement of a park or building would typically be included in the 10 -Year Capital Improvement Plan. To forecast capital spending, the two plans (this 30 -Year Capital Asset Maintenance Plan and the 10 -Year Capital Improvement Plan) should be read together. The current 10 -Year Capital Improvement Plan (Board approved in July 2019) is online at: It is currently in the process of being updated and will be brought to the Board in Spring 2021 as part of the two-year budget process. This 30 -Year Capital Asset Maintenance Plan analyzes and includes capital items in parks or associated with buildings that are not included with regular ongoing maintenance. For parks, eight items are considered: • Lighting • Restrooms • Fencing • Signage • Playground Equipment • Picnic Shelters • Parking Lots • Shade Structures For buildings, sixteen items are considered: • Roofing • Windows • Exterior Siding and Trim • Exhaust Fans • Condensers • Fan Coils • Air Handlers • Kitchen Fire Suppression • Gas -Fired Heaters • Wood Flooring • Vinyl Flooring • Carpet Flooring • Water Heaters • Roll -Up Doors • Exterior Paint • Exterior Lighting Data for 67 facilities, including 53 parks and 14 buildings, is included. Data consists of the original install year, original install cost, quantity, unit, and estimated useful life. From the data inputted, staff utilizes a factor of 1.25 to forecast an estimated repair/replacement for asset in the appropriate estimated year. CONCLUSION Staff has comprehensively reviewed the District's capital assets and forecasts an estimated $27,092,268 (in 2020 dollars) over 30 years for their maintenance. The plan is a valuable additional tool in developing budgets and staff will update the plan every two years in conjunction with the two-year budget cycle.