Nobody funds “corroded piping, east warehouse.” This turns one line off an inspection report into a page written for whoever signs — what it is, what it costs to fix, what it costs to leave, and what next year's report will say.
It is tempting to reach for the worst imaginable outcome, and it does not work. A budget holder who has been told twice that something is catastrophic, and watched nothing happen, stops reading the third memo — and the person who carried it gets filed as someone who exaggerates. They have to go back to that person next year, with the next finding.
So the argument here is always the same four things: what is known, what it costs to correct, what it costs to defer, and what the next inspection will say. That last one does most of the work, because a deficiency carried forward a second year is the point at which an authority having jurisdiction stops treating it as an oversight.
Nothing is invented. If a figure is not in front of it, the memo says the figure is worth establishing rather than guessing at it.
A drafting aid, not legal or insurance advice. You are responsible for what you put your name on and send to your own management.