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, Serena CUSD 2 reported 10.7 percent more revenue. At the same time, total spending went down 4.3 percent. The resulting deficit shrunk by 95.3 percent from 2008 to 2017.
School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$8,900,672
$10,370,649
-$1,469,977
2009
$9,110,815
$9,128,066
-$17,251
2010
$9,043,707
$13,438,345
-$4,394,638
2011
$9,606,816
$9,133,643
$473,173
2012
$9,783,733
$9,878,543
-$94,810
2013
$9,892,238
$10,737,843
-$845,605
2014
$9,993,046
$9,802,469
$190,577
2015
$9,359,589
$9,749,304
-$389,715
2016
$9,519,873
$9,778,484
-$258,611
2017
$9,849,457
$9,919,117
-$69,660
Total
$95,059,946
$101,936,463
-$6,876,517
10-year change (%)
10.7
-4.3
-95.3
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