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: