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Division of School Finance May 2021LongTerm Facilities Maintenance (RTFM) 2021 Guide Note: the 2021 guide is currently based on 2020 Minnesota Statutes. Should legislation be passed in the next several

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How to fill out long-term facilities maintenance revenue

01

Gather all necessary financial documents related to long-term facilities maintenance revenue.

02

Review the revenue sources and projections for the maintenance needs of the facility.

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Assess any potential changes in the revenue sources and adjust projections accordingly.

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Fill out the revenue section of the long-term facilities maintenance budget template with accurate information.

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Double-check all entries for accuracy and completeness before submitting the budget for approval.

Who needs long-term facilities maintenance revenue?

01

School districts

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Hospitals

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Nursing homes

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Assisted living facilities

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Property management companies

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What is long-term facilities maintenance revenue?

Long-term facilities maintenance revenue refers to the income generated from maintaining facilities over an extended period of time.

Who is required to file long-term facilities maintenance revenue?

The entities responsible for maintaining facilities are required to file long-term facilities maintenance revenue.

How to fill out long-term facilities maintenance revenue?

Long-term facilities maintenance revenue can be filled out by providing detailed information on the income earned and expenses incurred in maintaining facilities.

What is the purpose of long-term facilities maintenance revenue?

The purpose of long-term facilities maintenance revenue is to track and manage the financial aspects of maintaining facilities effectively.

What information must be reported on long-term facilities maintenance revenue?

The information that must be reported on long-term facilities maintenance revenue includes income generated, expenses incurred, and any other financial details related to maintaining facilities.

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