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Stewartville school board accepts clean audit, hears financial overview showing reserves growth
Summary
Auditor reported an unmodified (clean) opinion for fiscal year ending 6/30/2025; the board unanimously adopted the audit after a presentation that reviewed revenues ($32.53M), expenditures ($32.44M), enrollment trends and improved reserves (10.4% of expenditures).
The Stewartville Public School District board unanimously adopted the district's 2024-25 audit after an auditor told trustees the financial statements will receive an unmodified (clean) opinion.
"Our audit opinion will be a clean, unmodified opinion, which means we believe everything is fairly stated in accordance with GAAP," said Andy Collier, the presenting auditor, summarizing the draft report and the tests his team completed.
Collier told the board revenues for the year were about $32,526,000 and total expenditures were…
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