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Ionia schools report $10.09 million in sinking fund revenue, $8.43 million spent to date

Board of Education of Ionia Public Schools · February 16, 2026

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Summary

Executive Director Jammie Sprank told the board the district's sinking fund had $10,088,571.15 in revenue through Jan. 31, 2026, with $8,432,035.39 in expenditures and that a budget amendment will be presented next month.

Executive Director of Business and Finance Jammie Sprank reported to the Ionia Public Schools Board of Education on Feb. 16 that sinking fund activity through Jan. 31, 2026 showed total revenue of $10,088,571.15 and expenditures to date of $8,432,035.39.

Sprank said the board will be presented with a budget amendment related to sinking fund activity at next month’s meeting. The minutes do not specify the items included in the planned amendment or the vendors contracted for sinking fund projects.

The sinking fund figures were read as part of the board’s business reports; no vote on the sinking fund figures was recorded in the minutes.