Fremont schools end year with $237,000 surplus; board hears concerns about proposed 15% admin cap and meal-program changes

Summary

The Fremont City Schools treasurer reported a $237,000 general‑fund surplus for the fiscal year, discussed a proposed 15% cap on administrative costs in the state budget, and outlined impacts from moving the district to Community Eligibility Provision status, which reduced the district's food-service fund by about $45,000.

Fremont City Schools reported a $237,000 surplus for the just‑closed fiscal year, but district financial leaders told the board on July meeting night that several state budget changes and accounting updates could affect future years.

Treasurer Stina said revenue rose about 12% while expenses rose about 16% for the year, and the district closed with roughly an 18% carryover of expenditures. "We ended the year with 18% carryover of our expenditures," Stina said. "So I was not one that was, 'oh my gosh.' This year I'm okay."

The treasurer outlined several items that could change the district's financial picture. State legislation discussed in the budget would impose a 15% cap on administrative costs for school districts; however, Stina said the state has not yet defined which expense codes will count for the cap or what penalties, if any, will apply. "They didn't define what the admin cost is. So how do you know if you're over or under because you don't even know what it is?" she said during the meeting.

Officia…

Fremont schools end year with $237,000 surplus; board hears concerns about proposed 15% admin cap and meal-program changes

Summary

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