Planning for the FutureOn January 11, 2017, the Board of Education passed a resolution to utilize a research-based model that forecasts and calculates capital renewal costs over the life of a building. While the Board has maintained a Capital Development planning tool for several years, the resolution makes a commitment to continue maintenance of the capital projects document and also budget annually for these projects.
The model we’re applying, a version of the Sherman-Dergis Formula was developed at the University of Michigan. It takes into account a building’s size, complexity, age and history. Watch this video to learn more.