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Illinois Valley Times

Monday, November 25, 2024

How much has South Wilmington CCSD 74 overspent over the past 10 years?

Highschool07

South Wilmington Community Consolidated School District 74 accumulated $827,190 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, South Wilmington CCSD 74 reported 21.4 percent more revenue. At the same time, total spending went up 12.5 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$857,014
$891,347
-$34,333
2009
$862,314
$923,256
-$60,942
2010
$885,008
$990,049
-$105,041
2011
$835,765
$946,418
-$110,653
2012
$755,183
$921,109
-$165,926
2013
$860,123
$955,715
-$95,592
2014
$796,422
$1,000,262
-$203,840
2015
$830,402
$997,630
-$167,228
2016
$1,028,084
$949,114
$78,970
2017
$1,040,451
$1,003,056
$37,395
Total
$8,750,766
$9,577,956
-$827,190
10-year change (%)
21.4
12.5
N/M
Illinois Local Education Agency Retrieval Network

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