What is the role of a financial advisor in setting up and managing a 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. 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. 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 ... In Michigan, a Sinking Fund is levied to fund school safety improvements, technology improvements, and the repair and construction of school buildings. Sinking Fund. A sinking fund is a way to pay back money borrowed through a bond issue by making regular payments to a trustee who retires part of the issue by ... The district will seek only a renewal of the current 0.9915 mills on May 6, 2025. This Renewal would last for 10 years. 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 ... What is a Sinking Fund? A Sinking Fund allows a school district to make improvements for specific purposes, as allowed by the state. If approved, it would allow ... Sinking Fund Renewal. On May 6, 2025, the district will be asking voters to decide on the renewal of our Sinking Fund. For 10 years, this fund has been an ... 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 ...