Can a sinking fund be used for unexpected expenses?

noun ... Definition of sinking fund ... Example Sentences. 2025 SINKING FUND. In the upcoming special election on May 6, 2025, voters will be asked to vote on a Sinking Fund millage. What is a Sinking Fund? A Sinking ... The monies which apartment buildings set aside to refurbish and upgrade key services in a complex such as lifts, roofs, pumps, fire alarm systems, boilers, ... The Union Pacific Railroad Company filed its petition in the Page 99 US 701 Court of Claims against the United States. The court found the following facts. Section. 1212 provides that, with voter approval, a school district may levy a sinking fund tax to pay for certain allowable capital improvement projects and ... The 2024 Sinking Fund Millage will be on the ballot on November 5th, 2024. The proposal seeks a 1.75 mill levy over a period of five years. If approved by ... Mar 20, 2025 ... A sinking fund is a strategic way to save money by setting aside a little bit of money each month. Here's how sinking funds work. Ferndale Sinking Fund. On the August 2nd, 2016 ballot, a measure was approved that will levy a tax on residents for a Sinking Fund for Ferndale Public Schools. Feb 17, 2024 ... Sinking Funds cannot be used for operating expenses, salaries, employee benefits, or routine building maintenance. 4. Does Kentwood Public ... Voters will be asked to consider the District's Building and Site Sinking Fund ballot proposal on May 6, 2025. This levy will maintain the existing 2024 millage ...