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West Central Reporter

Sunday, May 12, 2024

How much has Virginia CUSD 64 overspent over the past 10 years?

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Virginia Community Unit School District 64 accumulated $5.34 million in debt between fiscal years 2008 and 2017, according to a West Central Reporter 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, Virginia CUSD 64 reported 1.5 percent more revenue. At the same time, total spending went up 14.8 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$3,496,425
$3,404,959
$91,466
2009
$3,592,839
$4,144,752
-$551,913
2010
$3,779,730
$3,805,111
-$25,381
2011
$3,957,159
$4,030,269
-$73,110
2012
$3,872,517
$4,661,246
-$788,729
2013
$3,756,537
$7,073,751
-$3,317,214
2014
$12,304,348
$9,832,295
$2,472,053
2015
$7,868,376
$9,801,471
-$1,933,095
2016
$3,464,145
$4,324,226
-$860,081
2017
$3,548,668
$3,907,039
-$358,371
Total
$49,640,744
$54,985,119
-$5,344,375
10-year change (%)
1.5
14.8
N/M
Illinois Local Education Agency Retrieval Network

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