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12/05/2013 at 4:29 pm
#18454
Our OC paid for an estimate of Sinking Fund costs over a ten year period which more or less included anything that could possibly occur. The first result is a very large sinking fund – nothing predicted has yet occurred about five years into it, the other outcome has been extravagant spending on unnecessary changes which has no doubt been partly owing to the fact that we have so much ready cash.