Sinking Fund

 

Given the costs associated with the upkeep of our facilities, we are truly appreciative of the community’s support for the District’s sinking fund ballot proposal approved by voters in May, 2019. This fund will generate approximately $500,000 a year for 10 years. Per Michigan Law, sinking fund monies are limited to certain uses. The district will use the sinking funds to upgrade and repair our infrastructure and buildings. Sinking funds may not be used for wage, salary, or benefit increases.

Sinking Fund projects in the 2019-20 school year:

  • Replacement of the north parking lot and exit driveway at the STEM Academy - $115,500
  • Replacement of gas pump at Transportation Department - $8,350
  • Comstock Community Auditorium bathroom remodeling - $31,545
  • Comstock Middle School sewage pumps - $8,258
  • Upgrades to Thermostatic Controls - $16,598
  • CHS trophy case renovation - $8,229
  • Comstock High School boiler repair - $10,998
  • CES exterior drainage improvement - $2,858
  • CHS door repair - $745
  • CELA air handler motor repair - $2,020
  • Compass asbestos abatement - $925
  • Bus garage asbestos abatement - $925

Total for 2019-20: $206,951

Sinking Fund projects in the 2020-21 school year:

  • Replacement of STEM Academy Library Ventilator Units - $29,500
  • Compass High School carpet installation -  $15,082
  • Compass High School asbestos abatement - $14,850
  • Comstock Middle School asbestos abatement - $93,730
  • Comstock Middle School carpet & installation - $141,533
  • STEM Academy library mansard - $120,850
  • STEM Academy elementary wing roof repair - $39,600
  • CHS cafeteria & industrial arts asbestos abatement - $51,700
  • CHS cafeteria & industrial arts flooring & installation - $48,878
  • CHS Faculty restroom renovation (6 total) - $66,003