How does a sinking fund interact with other debt covenants?

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 ... Jul 8, 2024 ... The approximate 0.5 mill tax (0.4983 mills), which has been renewed by the community consistently for 60 years, provides specific dollars for ... Such sinking fund shall be a fund for all such bonds without distinction or priority of one over another. A sinking fund is a fund formed by periodically setting aside money for the replacement of a wasting asset (for example, major items of plant and equipment) Sinking funds are money you set aside each month for specific savings goals. They allow you to save for infrequent expenses and plan for large expenses over ... 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 ... The Commissioners of the Sinking Fund administer the debt service payments for state general obligation bonds issued for the following purposes: primary and ... Dec 7, 2024 ... A sinking fund is a dedicated savings account for planned future expenses that you know will occur, but aren't included in your monthly budget. Menu ... The Sinking Fund is the bond retirement fund of the City of Cleveland and its operations are governed by the Ohio Revised Code, the City Charter, and the ... Sep 25, 2024 ... If the 2024 sinking fund millage is approved by the voters, it will generate approximately $11 million annually for 10 years. This will allow ...