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Ionia Public Schools reports $9.11 million sinking fund revenue through June; $7.16 million expended
Summary
Executive Director of Business and Finance Jammie Sprank reported that the district's sinking fund showed $9,108,912.80 in revenue and $7,164,978.00 in expenditures through June 30, 2025; no bills were paid in June, according to the meeting record.
At the July 28 meeting of the Ionia Public Schools Board of Education, Executive Director of Business and Finance Jammie Sprank presented a Sinking Fund activity report through June 30, 2025.
Sprank reported total Sinking Fund revenue of $9,108,912.80 and total expenditures to date of $7,164,978.00. The minutes note that no bills were paid from the sinking fund in June.
The sinking fund is typically used for capital maintenance and facility projects; the transcript did not connect the reported totals to specific projects or upcoming expenditures. Board members did not record further questions or debate about the sinking fund during the meeting.
The board approved consent agenda items related to bills and the budget performance report earlier in the meeting.
