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Illinois Valley Times

Thursday, April 25, 2024

How much has Bureau Valley CUSD 340 overspent over the past 10 years?

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Bureau Valley Cusd #340 accumulated $4.65 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, Bureau Valley CUSD 340 reported 4.5 percent more revenue. At the same time, total spending went up 4.1 percent. The resulting deficit grew by 17.3 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$12,427,296
$12,652,352
-$225,056
2009
$12,485,759
$13,251,227
-$765,468
2010
$12,923,726
$13,035,084
-$111,358
2011
$13,192,324
$12,988,923
$203,401
2012
$12,444,496
$14,121,061
-$1,676,565
2013
$12,541,348
$13,240,380
-$699,032
2014
$12,879,496
$13,207,605
-$328,109
2015
$12,419,774
$13,076,909
-$657,135
2016
$12,994,453
$13,196,736
-$202,283
2017
$12,985,413
$13,171,451
-$186,038
Total
$127,294,085
$131,941,728
-$4,647,643
10-year change (%)
4.5
4.1
-17.3
Illinois Local Education Agency Retrieval Network

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