Menu

Sinking Fund Replacement - What Can Sinking Fund Dollars be Used for?

 

It used to be that funds generated through a sinking fund can only be used for renovation, repair, and construction of buildings, but recent legislation has allowed for expanded use. This expanded use now covers some expenses related to safety, security, and technology. Sinking fund dollars cannot be used for any operating expenses such as salaries, benefits, or routine maintenance. In addition, the money cannot be used for textbooks or bus replacement. Below is an example of a a Sinking Fund project. For more information visit www.bloomfield.org/sinkingfund

ADA Compliant Ramp at Bloomin' Preschools

ADA Compliant Ramp at Bloomfield Preschools