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• Vinyl Flooring <br />• Carpet Flooring <br />• Water Heaters <br />• Roll -Up Doors <br />• Exterior Paint <br />• Exterior Lighting <br />Data for 66 facilities, including 52 parks and 14 buildings, is included. Data consists of <br />the original install year, original install cost, quantity, unit, and estimated useful life. <br />From the data inputted, staff utilizes a factor of 1.25 to forecast an estimated <br />repair/replacement for asset in the appropriate estimated year. <br />CONCLUSION <br />Staff has comprehensively reviewed the District's capital assets and forecasts an <br />estimated $19,997,381 (in 2014 dollars) over 30 years for their maintenance. The plan <br />is a valuable additional tool in developing budgets and staff will update the plan every <br />two years in conjunction with the two-year budget cycle. <br />To date, the District has been able to maintain its capital assets from existing funding <br />sources. If future revenues and maintenance expenses increase at historical averages, <br />staff believes current revenue sources should meet the funding requirements of the 30 - <br />Year Capital Asset Maintenance Plan. Of course, many events and circumstances can <br />affect the District's ability to meet future needs, but the myriad of such potential factors <br />is beyond the scope of this report. <br />STRATEGIC PLAN COMPLIANCE <br />Meets 2013 Strategic Plan Element: 3.1 Create a financial plan to forecast and optimize <br />financial resources of the District to ensure financial stability. <br />Respectfully submitted by, <br />T. P. Hare <br />Administrator, Parks & Planning <br />HILLCREST CENTER 403 WEST HILLCREST DRIVE, THOUSAND OAKS, CALIFORNIA 91360-4223 <br />(805) 495-6471 FAX: (805) 497-3199 E-MAIL:parks@crpd.org <br />