How does the Maintenance Department determine when an item needs to be repaired versus replaced?
Ongoing maintenance happens as required. Currently we monitor the age of the equipment, the amount of repairs to the equipment with in-house labor, contract costs and finally what is happening with the equipment during preventive maintenance inspections with all items but specifically items such as A/C equipment, boilers, hot water heaters, carpet, gym floors, intercom systems, roofs, painting, kitchen equipment, emergency generators and water softeners.
Does the Maintenance Department have to prioritize items?
Yes, and we prioritize annually which allows us to provide the information you have been presented. We have documents identifying equipment we forecast that will require replacement in future bond proposals.