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Board adopts audit; auditors report clean opinion, reserves improve
Summary
The Stewartville Public School District board unanimously adopted the district audit, which auditors said would receive a clean, unmodified opinion and shows total 2024–25 revenues of $32.53 million, expenditures of $32.44 million, and an unassigned fund balance of about 10.4% of expenditures.
The Stewartville Public School District board unanimously voted to adopt the district audit after a presentation by auditors.
Andy Collier of Schaeffer (Smith & Schafer) told the board the financial statements were in draft but "our audit opinion will be a clean, unmodified opinion," and summarized key figures: average daily membership (ADM) was 1,985 (down 28 from the prior year),…
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