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Illinois Valley Times

Tuesday, November 26, 2024

How much has Wallace CCSD 195 overspent over the past 10 years?

Hs 09

Wallace Community Consolidated School District 195 accumulated $7.59 million 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, Wallace CCSD 195 reported 33.5 percent more revenue. At the same time, total spending went up 60.7 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$3,254,332
$2,916,791
$337,541
2009
$3,505,729
$4,920,611
-$1,414,882
2010
$3,544,995
$4,396,476
-$851,481
2011
$3,791,430
$7,349,407
-$3,557,977
2012
$4,174,826
$4,192,682
-$17,856
2013
$4,178,981
$4,353,812
-$174,831
2014
$4,340,271
$4,593,035
-$252,764
2015
$4,107,725
$4,992,226
-$884,501
2016
$4,250,337
$4,676,835
-$426,498
2017
$4,343,221
$4,686,167
-$342,946
Total
$39,491,847
$47,078,042
-$7,586,195
10-year change (%)
33.5
60.7
N/M
Illinois Local Education Agency Retrieval Network

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