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Wednesday, April 24, 2024

How much has Eastland CUSD 308 overspent over the past 10 years?

Highschool151

Eastland Community Unit School District 308 accumulated $3.10 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, Eastland CUSD 308 reported 48.9 percent more revenue. At the same time, total spending went up 31.9 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$8,204,902
$7,772,820
$432,082
2009
$8,337,699
$8,262,475
$75,224
2010
$8,725,013
$9,728,538
-$1,003,525
2011
$9,163,585
$15,191,209
-$6,027,624
2012
$9,289,755
$9,345,643
-$55,888
2013
$9,169,410
$8,864,349
$305,061
2014
$8,936,095
$9,025,807
-$89,712
2015
$8,604,917
$8,067,783
$537,134
2016
$8,906,426
$8,142,329
$764,097
2017
$12,219,722
$10,255,529
$1,964,193
Total
$91,557,524
$94,656,482
-$3,098,958
10-year change (%)
48.9
31.9
N/M
Illinois Local Education Agency Retrieval Network

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