Why might a company choose to establish a sinking fund?

The Sinking Fund Millage has already supported projects that include classroom updates, flooring, track resurfacing, mechanical and bathroom improvements, ... 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 ... Dec 6, 2022 ... My question is about how to handle the monthly movements from Checking to my Sinking Fund (Savings account). Jul 8, 2024 ... The approximate 0.5 mill tax (0.4983 mills), which has been renewed by the community consistently for 60 years, provides specific dollars for ... This renewal ensures approximately $1.4 million annually for repairs and maintenance, maintaining a top-notch learning environment for our students. 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 ... 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 ... Jul 9, 2019 ... What is the purpose of a Sinking Fund? A sinking fund is a deposit of money, which allows for the body corporate of a property to pay for major ... Sinking Fund · Resurface and repair more than one million square feet of deteriorated parking lots and replace nearly 200 parking lot lighting features. Ferndale Sinking Fund. On the August 2nd, 2016 ballot, a measure was approved that will levy a tax on residents for a Sinking Fund for Ferndale Public Schools.