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Freeman School District reviews budget shortfall, schedules budget‑supplement for July
Summary
The district’s business manager reported a $153,291 drop in tax revenue tied to a recent tax‑law change, outlined a planned budget‑supplement request for the July meeting, and flagged capital needs including a proposed 14‑passenger transit van and preschool funding transfers.
The Freeman School District 33‑1 business manager told the board the district will present a budget‑supplement request at the July board meeting to cover purchases from the 2025–26 school year that were not included in the original budget. She said the district is collecting inventory for the annual budgeting report due in August and has scheduled a budget hearing for the regular July 8 meeting.
The business manager reported tax revenue declined by about $153,291, which she attributed to a recent change in tax law, and said the district transferred $417,000 from capital outlay this year (about $70,000 more than last year) to balance accounts. She said special education cash needs this year are approximately $80,000 and that the preschool fund will receive a planned transfer of $43,000 from the general fund.
On capital needs, staff noted the district is budgeting for a new 14‑passenger transit van (estimated around $84,000) to increase storage and activity transport capacity. The business manager said the van’s larger rear storage makes it useful for band instruments and athletic equipment and allows driving without a commercial license. Board members requested insurance estimates and residual‑value details on recently damaged vehicles before final procurement decisions.
The business manager also reported that certificates from Merchant State Bank were finalized with an interest rate of 3.95 percent and expected to close on June 16, with funds arriving shortly thereafter.
The board took no final fiscal action at the meeting but directed staff to prepare the budget‑supplement request and to bring detailed insurance and cost numbers about the vehicle fleet for the July meeting.
