Sinking Fund
State funding is designated to meet the educational needs of the District. Schools do not receive recurring funds for the repair, maintenance, or renovation of their infrastructure. Eaton Rapids Public Schools, like many schools in Michigan, rely on sinking fund revenue to cover ongoing maintenance, repairs, and improvements. According to Michigan law, sinking fund money is restricted to specific purposes. The district will utilize these funds to upgrade and repair our infrastructure and buildings. It is important to note that sinking funds cannot be used for salary or benefit increases.
The last Sinking Fund was passed in April 2016 with a value of 1 mill, which generated $495,000. We are truly appreciative of the community's support for the District's sinking fund renewal in May 2020.
We know how important our accountability of that spending is to the Eaton Rapids community. We hope you’ll find here all the information you need about what we’re doing, how much we’re spending and where the money is coming from. After all, these are your schools and we are using your tax dollars to do the work.
2016-17 to Partial 2024-25 $ 4,723,904.08 Revenue
2016-17 to Partial 2024-25 $ 3,902,598.96 Expenses
2016-17 to Partial 2024-25 $ 13,415.50 Interest Earned
2016-17 to Partial 2024-25 $ 3,902,598.96 Expenses
2016-17 to Partial 2024-25 $ 13,415.50 Interest Earned
2016-2017 Sinking Fund Projects
2017-2018 Sinking Fund Projects
2018-2019 Sinking Fund Projects
2019-2020 Sinking Fund Projects
2020-2021 Sinking Fund Projects
2021-2022 Sinking Fund Projects
2022-2023 Sinking Fund Projects
Prioritizing the Educational Needs of our Future Generations
The sinking fund monies are essential for ensuring that our schools have the necessary resources to provide a high-quality education to all students. This fund directly supports crucial infrastructure improvements, such as repairing and maintaining our facilities, upgrading technology, and enhancing safety measures, which ultimately contribute to a better learning environment. By maintaining this funding, our community can invest in the future of our children and ensure that they have access to modern educational tools and safe spaces to learn and grow.