Stewartville board adopts preliminary FY26 budget, 10-year facility plan and capital outlay

The Stewartville Public School District Board of Education on a unanimous vote adopted a preliminary budget for fiscal year 2026 and approved a 10-year long-term facility maintenance (LTFM) plan and the district's capital outlay spending plan.

Business manager Daniel Schroeder presented the budget and supporting documents, saying the district is projecting general fund revenues and expenditures that leave the district's unassigned fund balance close to the board's 8% policy threshold. Schroeder reported $23,630,000 in one set of fund projections with $24,000,185 in expenditures and about $419,000 in transfers, leaving an estimated fund balance of $2,370,002 (about 8.61%). He also summarized a district-wide general fund picture of "just under $26.5 million" in revenue and about $27.5 million in expenditures, a gap of roughly $1 million.

The board voted 7-0 to adopt the proposed budget after Schroeder's presentation. The motion to consider and approve the proposed budget for fiscal year 2026 was made by Mr. Lowman and seconded by Mr. Geist; the tally recorded seven ayes and zero…