Sinking Fund
What is a Sinking Fund?
- A Sinking Fund is a millage approved by the community and levied to support the maintenance, repair and construction of school buildings.
- A Sinking Fund does not require a school district to borrow money or pay interest.
- These funds are used to continue to maintain our facilities and protect the general fund when it comes to keeping our buildings up to date.
- Sinking Funds cannot be used for purchasing teaching supplies or textbooks, paying teacher and administrator salaries.
- The law requires districts with Sinking Funds to keep the funds separate from other district accounts.
- Sinking Funds receive a separate review each year to ensure they are being spent appropriately.
What the Sinking Fund has done for us:
2021
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Middle School Parking Lot
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High School Parking Lot
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Fuel Station
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Woodworth Water Heater
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2020
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Football Bleachers
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Football Bleachers Aerial View
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2019
2018
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Bus Garage Lot
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Baseball Backstop
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2017
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Woodworth Parent Drop-off
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Bus Drop-off and Staff Parking
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Woodworth Roof
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Woodworth Doors
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