CPRE Capital Improvement Planning and Asset Management 2

Question 1

When preparing a capital improvement plan, which approach ensures that projects align with the agency's long-term strategic goals?

Accepted Answer

Linking each proposed capital project to adopted strategic plan goals and community needs assessments

Answer

Prioritizing projects based solely on project costs from lowest to highest

Answer

Selecting projects based on the personal preferences of elected officials

Answer

Funding all projects identified in public feedback sessions regardless of feasibility

Question 2

What is 'life-cycle costing' in the context of capital asset management?

Accepted Answer

Estimating all costs associated with an asset from acquisition through operation, maintenance, and disposal

Answer

Calculating the total cost of a program from launch to discontinuation

Answer

Tracking the career lifecycle costs of senior recreation professionals

Answer

Measuring the revenue generated by a facility over its operational life

Question 3

A general obligation (GO) bond for parks capital projects is typically repaid through:

Accepted Answer

Property taxes levied on residents within the jurisdiction

Answer

User fees collected at park facilities

Answer

Federal transportation grants

Answer

Concession revenues from park vendors

Question 4

Which document typically accompanies a parks capital project to analyze whether projected revenues or benefits justify the proposed investment?

Accepted Answer

Cost-benefit analysis or feasibility study

Answer

Marketing plan

Answer

Staff performance appraisal

Answer

Volunteer recruitment plan

Question 5

Which term describes the annual budget allocation specifically reserved to fund future capital asset replacements without taking on debt?

Accepted Answer

Capital replacement reserve fund

Answer

Operating contingency fund

Answer

Petty cash account

Answer

Performance bond escrow

Question 6

In a parks CIP, what does a 'five-year forecast' typically show?

Accepted Answer

Planned capital projects, estimated costs, funding sources, and phasing over a five-year period

Answer

Projected staffing levels and salary increases for all departments

Answer

Five-year marketing and advertising expenditure projections

Answer

Anticipated annual changes to park user fees and admission prices

Question 7

A parks executive is evaluating whether to renovate an aging community center or build a new one. Which factor is LEAST relevant to this capital decision?

Accepted Answer

Social media follower count for the facility's Instagram page

Answer

Facility condition index score and remaining useful life

Answer

Community needs assessment and service gaps

Answer

Life-cycle costs comparing renovation versus replacement