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Strategies to Renew Federal Facilities (2023) / Chapter Skim
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Pages 88-89

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From page 88...
... a future 5-year budget as part of a longer planning horizon to sustainably renew the agency's federal facility portfolio, inclusive of planned facility asset dispositions. Furthermore, agencies should address the strategy for reconciling these needs and mitigate risks through their real property capital plan as detailed in Recommendation 2.
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From page 89...
... M-20-03 offers detailed guidance for agencies to implement the Capital Programming Guide. M-20-10 is an "Addendum to the National Strategy for the Efficient Use of Real Property." The memorandum outlines eight actions that agencies should take to improve real property management.
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Key Terms

  • asset management
  • facility asset
  • federal facility
  • real property
  • property capital

  • capital plan
  • omb circular
  • national strategy
  • budget process
  • capital programming

  • programming guide
  • facility portfolio
  • capital projects
  • budget formulation
  • replacement costs

  • capital assets
  • programming process
  • unfunded capital
  • budget justification


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