The Funding Module allows you to adjust a variety of parameters to tailor the results to your business. For example, changing the inputs for Years and Inflation allows you to see the effects of the inputs on funding. Extending the time period for consideration allows you to see long term funding needs that may not be apparent in shorter sighted reports. All requirements are in current year costs and the inflation option allows you to consider future purchases in amounts adjusted for inflation so that planning that occurs today will reflect future costs and spending, effectively allowing you to do a net present value analysis.

Funding Module - Forecast Parameters

Customize the Analysis

The Forecast Parameters box allows you to change inputs and consider its effects on required funding. You can change the duration of a forecast from 5 to 100 years. Commonly used reporting windows span from 5 to 20 years. By using the inflation rate, customer systems and current open requirements are in current year dollars.

There are a variety of statistical views for the required funding, and users can select the most appropriate Cost Curve for the analysis being performed. “Spiky 0” basically indicates that you want to see actual costs per year. Other curves spread the cost and make assumptions about investments made in previous years.

The Renewal Option allows you to understand your funding needs for deficiencies and deferred maintenance, as well as for systems reaching end of life that need to be replaced or renewed. You can see each independently or combined into a total amount for each year.

Backlog Deterioration is a risk factor that identifies the potential added costs for not addressing issues in the time frame suggested. For example, not taking of the roof could have consequences if there is an issue, where there could be damage to the sub-roofing, insulation, walls, etc.

Finally, you can look at just those capital needs (requirements) that go into the Facility Condition Index (FCI) calculation or all capital needs which are used to calculate the Requirement Index (RI).

The Funding Module is a part of VFA’s facility capital planning software VFA.facility.

Learn more about the Funding Module

Check out Parts 1 and 3 of our Funding Module series: 

Becker’s Hospital Review

Focus on Modeling Building Condition to Gain Insight Across a Portfolio

BOSTON—September 24, 2014—VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced it will host a complimentary webinar titled “Taking the First Step: Modeling as an Element of Your Facilities Capital Planning Program” on Thursday, September 25 at 2 p.m. EST.

When beginning to develop capital plans and budgets, many facility managers may be overwhelmed by the prospect of collecting condition data on all of their assets, especially if they face time and resource constraints. This webinar will demonstrate how modeling the buildings across a portfolio, based on industry standard building types, can be a good first step to gain insight into the expected condition of facilities and to identify potential areas for investment.

This webinar is part of an ongoing series around the theme, “Deliver Strategic Value From Your Facilities Capital Investment.” The series features one webinar each month with speakers including industry leaders and rising stars in facilities management. To view the schedule and register, visit http://www.vfa.com/news-events/webinars/.

To connect with VFA, please follow us on Twitter at @VFAINC, or visit our blog, Foundations, which provides information to readers that serves as a foundation for intelligent facilities capital planning and management.

VFA Clients and Staff Will Share Insights and Discuss Trends in Facilities Capital Planning

BOSTON—September 23, 2014—VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced it will be hosting its sixth VFA User Forum from September 23-25, 2014 at the Fairmont Empress Hotel and Victoria Conference Centre in Victoria, Canada. The conference brings together VFA clients from the corporate, education, government and healthcare sectors across North America to share insights and trends in facilities capital planning, discuss product directions, and participate in interactive workshops and roundtables.

The theme of this year’s forum is “Take Charge!” Sessions and roundtables will focus on how to think strategically about facilities, be proactive in planning and preparing for the future, build relationships across the organization, elevate the facilities function to reflect the crucial role that buildings play in any organization’s success, and participate in organizational decisions.

By popular demand, the VFA User Forum has been extended to a second day to allow for increased face time with VFA product and service experts and executives. Attendees will have access to a demonstration room as well as one-on-one time with VFA staff. VFA will provide an update on its software platform, including the latest functionality and a preview of upcoming enhancements. The demo room will feature VFA experts answering questions and providing hands-on demonstrations of VFA.facility®, including the new Site Linear module, VFA FacilityView™, VFA.auditor® and VFA.spendManager®.

The VFA User Forum will feature topics including developing the role of Chief Facilities Officer, changing the role that facilities capital planning plays within an organization, decision-making beyond condition data, and achieving organizational goals and community objectives.

“We are pleased to welcome our clients to our VFA User Forum for the sixth time,” said Jerry Kokos, president and CEO, VFA, Inc. “This year’s forum will offer attendees valuable opportunities to learn how to take their facilities teams and careers to the next level by taking a strategic approach to facilities capital planning.”

To connect with VFA, please follow us on Twitter at @VFAINC, or visit our blog, Foundations, which provides information to readers that serves as a foundation for intelligent facilities capital planning and management.

Facility Self-Assessment Programs Help Educational Facilities to Keep Facility Condition Data Current, Identify Trouble Areas, Prioritize Projects

BOSTON—September 19, 2014—VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced it is featuring solutions that enable organizations to manage their facilities strategically at the Eastern Region APPA (ERAPPA) Annual Meeting taking place September 21-23, 2014 in Atlantic City. VFA will be exhibiting in Booth 110 and showcasing its facility self-assessment solution, VFA.auditor®.

VFA helps higher educational institutions, from state university systems to private colleges, and K-12 schools to maximize their current investment in facilities and infrastructure while effectively planning for future needs. Schools need to demonstrate the need for funding to address deferred maintenance and create capital budgets based on accurate, objective data. VFA.auditor offers facility managers in the education space an efficient and cost-effective way to gather reliable facility condition data across campus facilities and prioritize identified issues.

Combining the power of mobile technologies, including the iPad® and Android™ tablet, with the company’s extensive facilities assessment experience, VFA.auditor enables schools to utilize in-house resources to quickly and cost-effectively conduct assessments. VFA.auditor provides users with an extensive collection of intelligent surveys to rapidly and consistently collect data about the condition of facilities and major building systems. Integration with VFA.facility® capital planning and management software lets schools take advantage of robust prioritization, business intelligence and what-if scenario tools to develop a defensible capital plan.

To connect with VFA, please follow us on Twitter at @VFAINC, or visit our blog, Foundations, which provides information to readers that serves as a foundation for intelligent facilities capital planning and management.

Canadian Facility Management & Design

VFA Helps Organizations to Ensure their Facilities Support Strategic Business Objectives

BOSTON—September 16, 2014—VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced it is featuring solutions that enable organizations to manage their facilities strategically at the International Facility Management Associate (IFMA) World Workplace, September 17-18, 2014 in New Orleans. VFA will be exhibiting in Booth 725 and featuring “Model My Building™,” a new free web tool that provides facility and corporate real estate managers with a simple, rapid way to preview their facilities’ potential capital spending needs over the next 20 years.

VFA has shown hundreds of organizations in the corporate, education, healthcare and government sectors how to maximize their current investment in facilities and infrastructure while effectively planning for future needs. Facility condition data, gathered by expert assessors, coupled with the analytical tools in VFA.facility® capital planning and management software provides organizations with the ability to create effective long-term capital plans, projects and budgets.

To connect with VFA, please follow us on Twitter at @VFAINC, or visit our blog, Foundations, which provides information to readers that serves as a foundation for intelligent facilities capital planning and management.

American School and University

Extranet Evolution

IFMA World WorkplaceVFA is excited to attend IFMA’s annual conference, World Workplace 2014. The conference will be held September 17 – 19, 2014, in New Orleans, LA. VFA will be at booth 725. Stop by and get a free capital funding preview and enter our Apple TV raffle. Also, keep an eye out for tweets from the show via the VFA Twitter account, @VFAINC and look for the hashtag #IFMAWW14.