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Committee flags sinking fund as contingency option for FMS classroom addition
Summary
With the FMS classroom addition wrapping up, the committee discussed using the sinking fund to cover part of the remaining balance if the general fund falls short; no action was taken and the idea was noted for awareness.
As the Freeland Middle School classroom addition project nears completion, committee members discussed the possibility of using the sinking fund to pay a portion of the remaining project balance if the general fund balance is lower than expected at fiscal year close. The minutes describe this as an awareness discussion; no formal action or directive was recorded.
The committee explicitly framed the sinking fund option as contingent and informational rather than a commitment: "No action is required at this time, but rather an awareness of the opportunity that exists if needed." The administration did not present dollar figures or a final funding plan during the committee meeting.
