How often are sinking fund contributions made?

Sinking Fund · Numbered Letter 2023-1 – Bonded Construction Fund and Sinking Fund Audits · MCL 380.1212 Sinking Funds · Bulletin 7 Audits of Bonds and Sinking ... 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 ... 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 ... Always consult the bond covenants or loan agreement to determine the specific definition and requirements for Interest and Sinking Funds (I&S Funds) for each ... Munising Public Schools ... The August 6, 2024 Ballot will include a 10-Year Sinking Fund proposal to fund safety & security improvements and complete repairs and ... 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. SINKING FUND MILLAGE PROPOSAL ... 6795 mill ($0.6795 on each $1,000 of taxable valuation) for a period of 10 years, 2024 to 2033, inclusive, to create a sinking ... Basically, the sinking fund is created to make paying off a debt easier and to ensure that a default won't happen because there is a sufficient amount of money ... 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 ... 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 ...