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West Central Reporter

Thursday, April 25, 2024

How much has Schuyler-Industry CUSD 5 overspent over the past 10 years?

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Schuyler Industry Community Unit School District 5 accumulated $6.11 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, Schuyler-Industry CUSD 5 reported 6.3 percent less revenue. At the same time, total spending went down 2.5 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$12,173,695
$11,765,608
$408,087
2009
$12,765,249
$12,273,881
$491,368
2010
$12,374,821
$12,468,705
-$93,884
2011
$12,332,550
$11,947,700
$384,850
2012
$11,802,930
$14,845,447
-$3,042,517
2013
$11,833,110
$13,223,092
-$1,389,982
2014
$11,700,033
$14,126,259
-$2,426,226
2015
$11,113,288
$11,731,987
-$618,699
2016
$11,426,122
$11,180,578
$245,544
2017
$11,410,714
$11,475,867
-$65,153
Total
$118,932,512
$125,039,124
-$6,106,612
10-year change (%)
-6.3
-2.5
N/M
Illinois Local Education Agency Retrieval Network

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