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Friday, November 22, 2024

How much has Sterling CUSD 5 overspent over the past 10 years?

Highschoolclassroom1401

Sterling Community Unit School District 5 accumulated $17.54 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, Sterling CUSD 5 reported 4.8 percent more revenue. At the same time, total spending went up 16.1 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$33,369,919
$32,046,488
$1,323,431
2009
$33,000,887
$33,737,717
-$736,830
2010
$32,549,150
$34,631,886
-$2,082,736
2011
$35,161,536
$38,646,144
-$3,484,608
2012
$33,039,791
$36,232,709
-$3,192,918
2013
$31,488,089
$36,357,901
-$4,869,812
2014
$31,869,003
$34,498,841
-$2,629,838
2015
$33,540,767
$33,460,439
$80,328
2016
$33,363,618
$33,089,813
$273,805
2017
$34,969,029
$37,191,579
-$2,222,550
Total
$332,351,789
$349,893,517
-$17,541,728
10-year change (%)
4.8
16.1
N/M
Illinois Local Education Agency Retrieval Network

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