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 What is a Sinking Fund / Maintenance Plan or Reserve Fund

A Sinking Fund is a detailed and comprehensive estimate of the councils corporate’s sinking fund expenditure for the scheme’s 10 financial years that must include an estimate for the repainting of common property and of buildings that are Councils corporate assets.

 

 

Thoughts

Think of it as a servicing schedule for your car, with services in years rather that kilometres.

 

Sinking Fund Forecast Presentation

 

Sinking Fund Forecast Video Series

 

Sample Sinking Fund Report