Can a sinking fund be used for large, planned expenses other than debt?

A sinking fund is a financial reserve set up by a construction company to accumulate funds over time, specifically to cover future project costs and repayments. Hartland Consolidated Schools voters approved sinking fund levy, which provides a dedicated source of funding for long-term facility repairs and renovations. On November 5th, voters will have the opportunity to consider a ballot measure to renew our "sinking fund" for an additional 10 years. This fund provides an ... A sinking fund is a dedicated savings strategy where you set aside small, manageable amounts of money over time for a specific expense. Unlike a general savings ... noun ... Definition of sinking fund ... Example Sentences. The Commissioners of the Sinking Fund administer the debt service payments for state general obligation bonds issued for the following purposes: primary and ... A sinking fund is a requirement included with certain bond issues, for part of the issue to be repaid on a regular basis before the stated maturity date of the ... Sep 12, 2024 ... The Wakefield-Marenisco School District will be asking the voters to consider authorizing a sinking fund millage at the rate of 1 mill. Apr 11, 2023 ... Take large or infrequent expenses and break them down into manageable monthly chunks. That way, you'll already have the money set aside when the ... There shall be created a sinking fund, which shall be sufficient to pay the accruing interest on such debt, and, annually, to reduce the principal thereof.