How can the sinking fund concept be applied to small businesses?

Sinking Fund. Thank You. Lake Orion Community Schools voters approved the Building and Site Sinking Fund in August 2016, providing a dedicated source of funding ... noun ... Definition of sinking fund ... Example Sentences. Jan 24, 2020 ... A sinking fund is a dedicated savings account for a single expense. This fund is separate from a general savings account — or your emergency ... A sinking fund is for the expenses you know are coming in the next few months. Think of it as saving for planned future expenses. A Sinking Fund allows a school district to make improvements for specific purposes, as allowed by the state. Specifically, the funds can be used for building ... Feb 17, 2024 ... Sinking Funds cannot be used for operating expenses, salaries, employee benefits, or routine building maintenance. 4. Does Kentwood Public ... Mar 14, 2024 ... Differences between sinking funds and savings accounts. Savings accounts are where money is stored, while sinking funds provide clarity and ... Any county which has a bond issue approved under KRS. 66.310 may comply with the provisions of this subsection with respect to the sinking funds for the bonds ... WLPS is asking the Whitmore Lake community to vote on Tuesday, November 5th, on a 10-year, 1.5 mill Sinking Fund that would generate approximately $1 million ... 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 ...