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67 <br /> Orange County should focus investment in the building <br /> I <br /> systems that keep students and teachers comfortable, 7 I <br /> safe . . <br /> 06 ONGOING CAPITAL <br /> RENEWALS <br /> Ongoing capital renewals are building system or compo- For planning purposes,Orange County should focus invest- <br /> nent renovations and replacements based on expected ment in the building systems that keep students and teach- <br /> useful life estimated during the facility condition assess- ers comfortable,safe and dry. <br /> ment. Planning for ongoing capital renewals is essential <br /> to properly operate school facilities to support the edu- For facilities planned for major renovations or replace- <br /> to <br /> missions of CHCCS and OCS. Building profession- ment in the next five years,the recommendation dis- <br /> als within the industry generally use current replacement cussed in the previous section includes only Priority 1, <br /> safety-related components. <br /> value (CRV) of their portfolios as a basis for budgeting. It <br /> is generally accepted that two percent of CRV should be For facilities planned for major renovations or replace- <br /> spent annually to support ongoing capital renewals.' ment in five-ten years, the recommendation includes <br /> Priority 1-3 components to make certain the facilities <br /> Our experience and industry studies find that historically, remained functional untilthattime.The analysis antic- <br /> spending on school facilities is well below the amount ipates an average annual expenditure of$27.5 million <br /> necessary to adequately maintain the portfolio.' Orange annually for ongoing capital renewals(Table 6-1). <br /> County is responsible for facilities with a CRV of approxi- <br /> mately $1.74 billion. Based on a two percent CRV, Orange <br /> County should be investing approximately$34.9 million in <br /> the maintenance of CHHCS and OCS facilities. <br /> Table 6-1:Summary of Ongoing Capital Renewal Needs <br /> I'll, <br /> i "I <br /> AN,',, <br /> BUD � I 2025 <br /> $270.2M $18.OM $80.2M $0.6M $3.6M $21.1M $27.5M $14 <br /> I $142.3M $9.5M $42.6M $O.OM $2.6M $25.2M $1.3M $3 <br /> ORANGE IUNTY $412.4M I $27.5M r$122.8M $0.6M $28.8M <br /> 1.Filardo,Mary.2021 State of Our Schools:America's PK-12 Public School Facilities 2021.Washington,D.C.:21st Century School Fund. <br /> 25 <br />