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West Central Reporter

Friday, April 19, 2024

How much has Hamilton CCSD 328 overspent over the past 10 years?

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Hamilton Community Consolidated School District 328 accumulated $1.32 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, Hamilton CCSD 328 reported 9 percent more revenue. At the same time, total spending went down 1.4 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$4,943,005
$5,230,069
-$287,064
2009
$5,061,144
$5,145,439
-$84,295
2010
$6,664,460
$5,811,158
$853,302
2011
$3,957,928
$5,107,887
-$1,149,959
2012
$5,093,246
$4,916,155
$177,091
2013
$4,987,257
$4,992,067
-$4,810
2014
$4,806,596
$5,391,360
-$584,764
2015
$4,727,927
$5,248,402
-$520,475
2016
$5,140,829
$5,088,478
$52,351
2017
$5,385,727
$5,158,011
$227,716
Total
$50,768,119
$52,089,026
-$1,320,907
10-year change (%)
9
-1.4
N/M
Illinois Local Education Agency Retrieval Network

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