Fremont Board of Education Regular Meeting Agenda April 2026
Board Approves Short-Term Credit with First National Bank
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Description
The Fremont Board of Education approved entering into a short-term borrowing agreement with First National Bank of Fremont/Omaha to address General Fund cash flow timing issues. The line of credit will provide temporary financing until property tax and state aid revenues are received.
Contract Details
Vendor
FIRST NATIONAL BANK OF FREMONT/OMAHA
Agency
Fremont Public Schools, NE
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
Short-term line of credit (exact dates not specified)
Renewal Info
Short-term borrowing under state statute and NDE Rule; renewal or continuation would require future board authorization.
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