Can a sinking fund be used to smooth out lumpy expenses?

The Sinking Fund was first approved by local voters in September of 2002. In November 2011, local voters approved a request to renew the Sinking Fund levy for ... This guide is designed for sinking fund beginners and will explain all the basics you need to know about how to create sinking funds. Justia › U.S. Law › U.S. Codes and Statutes › Oklahoma Statutes › 2024 Oklahoma Statutes › Title 70. Schools › §70-1-119. Sinking fund - Definition. In North America and elsewhere where it is common for government entities and private corporations to raise funds through the issue of bonds, the term is ... Feb 17, 2024 ... Sinking Funds cannot be used for operating expenses, salaries, employee benefits, or routine building maintenance. 4. Does Kentwood Public ... 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 ... Jul 11, 2023 ... The idea is you set aside money each money so that when the known expense arrives, you have money to flow to it without impacting your cash flow ... Apr 25, 2025 ... A sinking fund helps you avoid developing a reliance on credit when you want to make a purchase but can't currently afford it. Mar 19, 2023 ... Sinking funds are a type of bond provision which requires the issuer to set aside a specific amount of money on a regular basis to repay the ... 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 ...