What are the implications of an overfunded sinking fund?

380.1212 Sinking fund; creation; purpose; tax levy; audit; submission of proposition to school electors; election; ballot; approval; definitions. Sec. 1212. (1) ... 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. Nov 21, 2023 ... Reserve funds are more all-purpose and act as a safety net for unanticipated circumstances or emergencies, whereas sinking funds are designated ... Sinking Fund Updates. The vote passed in November of 2018 for a 10-Year Sinking Fund. The estimated tax levy value would generate $2.3M per year and yield $23M ... 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 ... there's a simple answer to how to save for something special while you're putting away debt — the sinking fund ... FIN-3.24 - Waterfront Renewal Bond Sinking Fund - Fund 303. Binding City Policies (BCP). Policy category. Fund Statements of Purpose. Policy number. FIN-3.24. Oct 7, 2022 ... These funds guarantee dollars for facility improvements, protecting the investment the community has made in the district. This Sinking Fund ... Sinking Fund · Resurface and repair more than one million square feet of deteriorated parking lots and replace nearly 200 parking lot lighting features. 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 ...