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Steward ESD 220 board adopts FY2026 budget, approves temporary $28,177 working-cash loan
Summary
The Steward Elementary School District No. 220 Board adopted the Fiscal Year 2026 budget and authorized a temporary $28,177 loan from the Working Cash Fund to Fund 50 (Municipal Retirement and Social Security) until revenues allow repayment; the budget will be submitted to the Illinois State Board of Education.
The Steward Elementary School District No. 220 Board approved the Fiscal Year 2026 budget at its Sept. 17, 2025 meeting and directed staff to submit the budget to the Illinois State Board of Education (ISBE).
Superintendent Steven Simpson presented the proposed 2025–26 budget for the board's review. The board voted to adopt the budget, including a temporary transfer of $28,177 from the Working Cash Fund to Fund 50 (Municipal Retirement and Social Security), "until revenues allow repayment of those funds," as recorded in the minutes. The motion to approve was made by Vicki Maertz and seconded by Jen Kraemer; a roll call recorded all ayes.
Board members present for the vote included President Chele Wells, Bethany Drendel, Vicki Maertz, Jennie O’Rorke, Tom Brown, Jen Kraemer and Principal Michelle Esposito. The minutes do not record dissenting votes or roll-call tallies by individual name beyond a unanimous result. The minutes state the adopted budget will be submitted to ISBE as required.
The board's action formalizes spending and staffing priorities for the district for the 2025–26 fiscal year. The minutes do not include line-by-line budget details in the text; a Budget Highlights sheet and the full budget were provided to the board and are referenced in the meeting file.
