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.

2019-20 Sinking Fund Projects
2020-21 Sinking Fund Projects



Sinking Fund projects in the 2021-22 school year:

Comstock High School

  • Deliver whiteboards $776.00
  • Asbestos air monitoring 
    during glue pod removal $48,300.00
  • Replace auditorium AHU fan motor $2,044.80
  • Logo Clock $164.24
  • 5 parking lot lights $2,777.50
  • Ignitor for water heater (x2) $113.30
  • Lochinvar ignition module $567.31
  • Cub Cadet snow blower $1,019.00
  • Sewer connection fee (stadium restroom) $2,000.00
  • Admin site plan review $750.00
  • Service / repair elevator $24,000.00
  • Repair hot water leak $1,264.83
  • Replace broken garage door springs $720.00
  • Replace bad duplex condensate tank $7,452.00
  • Floor tile removal $5,730.00
  • Asbestos monitoring $2,900.00
  • Pre-demo inspection $1,800.00
  • Add reglet to base of wall surface $1,430.00

CHS Total: $103,808.98

Comstock Middle School

  • Carpet final billing - labor & materials $21,533.00
  • CMS boys' bathroom ceiling work $235.00
  • Fill hoses & dryer vent for CMS gym $56.27
  • Bonded wall pad - grey $275.00
  • Hand dryer panels $2,898.00
  • Replace damaged glass in egress window $625.00

CMS Total: $25,618.67

Comstock Elementary School

  • Repair exterior door south of main entrance $152.00
  • Cub Cadet snow blower $1,019.00
  • Contactor for gym lights $77.60
  • Patch pothole $620.00
  • Service/repair ES unit (elevator) $24,000.00

CES Total: $25,868.60


Comstock STEM Academy

  • Bulkhead replacement $4,591.00
  • Progress billing through 1/22/22 $18,108.00
  • Mobile classroom decks $2,102.00
  • Fixed shingles / caulked $250.00

STEM Total: $24,961.00


Comstock Early Learning Academy

  • Painting for CELA storage building $3,149.00
  • Painting for CELA storage building $3,149.00
  • Painting CELA bathroom $3,013.00

CELA Total: $9,311.00

Compass High School / Administration

  • Repair pipe leak in ceiling $818.36
  • Repair window across from room 11 $483.65
  • Draft motor for boiler $341.71
  • Compass wall painting $250.00
  • LED tube lamp   $250.00

Compass/Admin Total: $2,143.72

Transportation Department

  • Cub Cadet snow blower $1,019.00
  • Replace post-truck hoist $14,045.00
  • 40% deposit for building remodel $37,280.00

CELA Total: $52,344.00


Miscellaneous

  • Public Notice (CMS bathroom remodel) $43.96
  • MI Tax Tribunal (taxable value decrease) $596.32

MISC Total: $640.28


Total for 2021-22:  $244,696.25