Iredell-Statesville board adopts 2025-26 budget resolution amid projected shortfall
Loading...
Summary
The Iredell-Statesville Schools Board unanimously approved the 2025-26 budget resolution Nov. 10 after staff said the plan builds in an estimated $2 million shortfall; fund-balance and EC funding gaps were discussed during debate.
The Iredell-Statesville Schools Board of Education voted unanimously Nov. 10 to adopt the district—s 2025-26 budget resolution after a discussion about projected shortfalls and fund-balance constraints.
Adam Steele, the district—s finance director, presented the budget resolution and asked the board for approval. During the discussion, a board member identified an overall shortfall figure "of $2,000,000 for this year" and asked how that gap would be addressed. Steele said the shortfall "is built into the budget right now" and added staff would continue efforts to reduce costs.
Board members asked for clarifications on reserve levels and specific program gaps. One member cited an early-care (EC) funding shortfall of about $2,800,000; Steele said reductions and other measures being pursued could reduce that gap but did not give a detailed plan at the meeting.
The board then moved to a vote and approved the resolution 7-0.
Why it matters: Board adoption of the resolution authorizes the district—s spending plan for the year and signals how the district intends to allocate limited resources while staff continues to seek cost reductions and funding solutions.
What comes next: Superintendent and finance staff will continue budget monitoring and report back to the board on any adjustments, as the presentation indicated some gaps are being managed through administrative measures and planned reductions.
