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Using these same assumptions with respect to funding and a stable asset base, VBE is projecting that
by 2031 deferred maintenance will exceed the cost of replacing the District’s facilities. The below
chart, prepared from data provided by VBE from its VFA information, shows the level of funding and
impact on the FCI under three scenarios, all of which assume the current asset base remains
unchanged:
►
Yellow - current level of funding VBE allocates to facility upgrades
► Grey – level of funding VBE is required to allocate to maintain the current district-wide FCI of 0.48
►
Green – level of funding VBE is required to allocate to address immediate high priority deferred
maintenance items and reduce the district-wide FCI to Provincial average of 0.43
This chart below is provided to show the scale of VBE’s maintenance needs if it continues to maintain
all 112 schools under the existing approach.
EY was not provided with the deferred maintenance costs forecast on a school-by-school basis and
accordingly is not able to provide a graphical comparison of what the deferred maintenance profile
would look like if VBE reduced its current number of schools by 19 Underutilized Schools identified in
section 6.6.4.
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