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Board approves insurance renewal and fund transfers to prepare for capital needs
Summary
Fremont City Schools approved a change to a pooled property and fleet insurance program, adopted permanent appropriations and approved fund-to-fund transfers including $4'4.5 million to capital projects and a $426,657.02 interest transfer to the building project account.
The Fremont City Schools Board of Education approved the district's property, fleet and liability insurance renewal through a pooled consortium and authorized several year-end fund transfers intended to shore up capital and severance reserves.
In a finance report the treasurer described market-driven increases in insurance costs and said the district will move to a pool (identified in discussion as SORSA) that offers lower deductibles and higher per-incident caps compared with the district's other renewal option. The board approved the insurance purchase for fiscal year 2026 by…
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