PBS Repair and Alterations Appropriation Funding History with Functional Replacement Value Comparison

Industry recommends investing approximately 2-4% of functional replacement value of a building into building maintenance and upkeep every year. As the chart demonstrates, over the past few years GSA hasn't received the recommended investment amount through appropriations. This leads to assets deteriorating over time and creates a challenge for GSA to keep the inventory within appropriate fire and safety standards.

 

The image shows the Alterations Appropriation Funding amount in comparison to the 2 to 4 percent replacement value recommended by industry.  For each year, the actual funding fell below the 2 to 4 percent.  In FY 11, we received $280 million in funding dollars. In FY 12, we received $280 million in funding dollars. In FY 13, we received $344 million in funding dollars. In FY 14, we received $1.109 billion in funding dollars. In FY 15, we received $818 million in funding dollars.

Last Reviewed 2016-04-12