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Tuesday, April 23, 2024

How much has River Bend CUSD 2 overspent over the past 10 years?

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River Bend Community Unit School District 2 accumulated $3.81 million in debt between fiscal years 2008 and 2017, according to a NW Illinois News analysis of public schools data.

Spending and revenue data obtained for this analysis comes from the Illinois Local Education Agency Retrieval Network (ILEARN), which is part of the Illinois State Board of Education and collects data annually on school district financials.

Over the 10-year span, River Bend CUSD 2 reported 6.3 percent more revenue. At the same time, total spending went up 24.2 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$8,970,592
$8,561,490
$409,102
2009
$9,068,042
$9,422,027
-$353,985
2010
$9,511,373
$9,811,732
-$300,359
2011
$9,252,131
$9,539,067
-$286,936
2012
$9,276,561
$9,675,813
-$399,252
2013
$8,564,564
$9,207,336
-$642,772
2014
$8,733,181
$8,812,284
-$79,103
2015
$9,036,119
$9,030,749
$5,370
2016
$9,155,106
$10,210,996
-$1,055,890
2017
$9,532,302
$10,635,517
-$1,103,215
Total
$91,099,971
$94,907,011
-$3,807,040
10-year change (%)
6.3
24.2
N/M
Illinois Local Education Agency Retrieval Network

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