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Thursday, April 18, 2024

How much has Montmorency CCSD 145 overspent over the past 10 years?

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Montmorency Community Consolidated School District 145 accumulated $996,444 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, Montmorency CCSD 145 reported 13.9 percent more revenue. At the same time, total spending went up 18.5 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$2,376,388
$2,267,276
$109,112
2009
$2,504,902
$2,369,894
$135,008
2010
$2,636,146
$2,463,147
$172,999
2011
$2,729,017
$2,467,441
$261,576
2012
$2,548,604
$2,443,902
$104,702
2013
$2,280,466
$3,011,172
-$730,706
2014
$2,539,430
$3,582,235
-$1,042,805
2015
$2,566,206
$2,729,974
-$163,768
2016
$2,657,580
$2,520,923
$136,657
2017
$2,707,126
$2,686,345
$20,781
Total
$25,545,865
$26,542,309
-$996,444
10-year change (%)
13.9
18.5
N/M
Illinois Local Education Agency Retrieval Network

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