What role does a trustee play in a sinking fund?

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 ... 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 ... A sinking fund is an amount of money which is set aside to cover any major work which is needed on a property in the future. The district will seek only a renewal of the current 0.9915 mills on May 6, 2025. This Renewal would last for 10 years. Mar 14, 2024 ... Differences between sinking funds and savings accounts. Savings accounts are where money is stored, while sinking funds provide clarity 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. 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) There shall be created a sinking fund, which shall be sufficient to pay the accruing interest on such debt, and, annually, to reduce the principal thereof. 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 ... 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 ...