Facilities renewal as percent of replacement value
(Indicator Number: 52)
Category: Effectiveness & Efficiency
What It Measures: Expenditures on facilities renewal, enabling evaluation of success in meeting BOR"s goal of 2%
Data Reporting Lag: The reporting for this indicator has a 1 year difference. The latest data available is from 2023 for the indicator reporting year of 2024
Value Comparison: When comparing this value for Adequacy and Improvement, a higher value is better.
Data Source For Indicator Value: USM, Admin. & Finance, Capital Programs
Benchmark Set By: Board
IMPROVEMENT
is currently below the average of the 3 previous years (2.03%)
ADEQUACY