What are the responsibilities of a sinking fund trustee?

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 ... 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 ... The district will seek only a renewal of the current 0.9915 mills on May 6, 2025. This Renewal would last for 10 years. 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 ... Oct 22, 2024 ... A sinking fund is a savings method that helps fund a specific purchase or expense by a certain date. A sinking fund is a financial reserve set up by a construction company to accumulate funds over time, specifically to cover future project costs and repayments. Key Takeaways · A sinking fund is maintained by companies for bond issues, and is money set aside or saved to pay off a debt or bond. · Bonds issued with ... Water, Light & Sinking Fund Commission. The Water, Light & Sinking Fund Commission oversees the operations of Dalton Utilities which provides a wide range of ... Dec 6, 2022 ... My question is about how to handle the monthly movements from Checking to my Sinking Fund (Savings account). 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 ...