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Illinois Valley Times

Tuesday, November 26, 2024

How much has Lostant CUSD 425 overspent over the past 10 years?

Highschool089

Lostant Community Unit School District 425 accumulated $717,802 in debt between fiscal years 2008 and 2017, according to a Illinois Valley Times 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, Lostant CUSD 425 reported 31.6 percent more revenue. At the same time, total spending went up 2.4 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$1,469,458
$1,809,377
-$339,919
2009
$1,490,182
$1,647,268
-$157,086
2010
$1,492,062
$1,488,337
$3,725
2011
$1,581,959
$1,620,866
-$38,907
2012
$1,529,900
$1,603,463
-$73,563
2013
$1,738,201
$1,826,947
-$88,746
2014
$1,745,918
$1,568,116
$177,802
2015
$1,696,828
$1,869,763
-$172,935
2016
$1,772,657
$1,882,057
-$109,400
2017
$1,933,420
$1,852,193
$81,227
Total
$16,450,585
$17,168,387
-$717,802
10-year change (%)
31.6
2.4
N/M
Illinois Local Education Agency Retrieval Network

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