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Board adopts five‑year forecast; treasurer flags $2 million Nexus payment and revenue risks from state policy changes
Summary
Fremont City School Board approved its five‑year forecast after Treasurer Megan Hirt reviewed district finances, emphasizing a one‑time $2 million payment from a pipeline settlement, the end of ESSER grant support, and potential future revenue reductions tied to state changes in taxation of utilities and federal grant uncertainty.
The Fremont City School Board approved the district's five‑year forecast after Treasurer Megan Hirt summarized revenue and expense projections and identified several material risks to future budgets.
Hirt told trustees the district received a one‑time payment of $2,000,000 from a Nexus pipeline settlement and that federal ESSER grant funding — which the district used in recent years to cover some expenses — has been largely spent. “We got our one time payment of $2,000,000,” she said. “We had a total of about 10 to $12,000,000… ESSER dollars,” she added, referencing COVID‑era federal relief the district previously used.
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