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- The audit committee discussed an open priority-one audit recommendation requiring a comprehensive real property management plan that lists all leases, valuations, and current rents. - The city's real estate department issued an RFP for a lease management system, with submittals due mid-October, to provide auditor evidence of lease term verification. - The department upgraded its real estate portfolio system to a new version and established recurring inspection practices, but still needs to provide documented inspection evidence to close a 2022 recommendation. - Committee members pressed for a portfolio management plan, expressing concern…

- Executive Director Donahue reported a severe statewide backlog of deferred capital maintenance, with four in ten school facilities at a depleted condition of 60% or greater. - The IAC identified 434 facilities (32%) needing renewal or large capital maintenance, with roof replacement costs estimated between $1 billion and $2 billion. - Maryland LEAs' maintenance and operations budgets total $1.26 billion against the $2.26 billion industry standard, leaving a funding gap of roughly $1 billion. - Capital budgets fall about $944 million short of the $2.76 billion renewal standard, underscoring the scale of the capital planning need.