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East Central Reporter

Saturday, November 23, 2024

How much has Richland County CUSD 1 overspent over the past 10 years?

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Richland County Community Unit School District 1 accumulated $45.37 million in debt between fiscal years 2008 and 2017, according to a East 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, Richland County CUSD 1 reported 36.2 percent more revenue. At the same time, total spending went up 74.7 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$17,929,990
$17,892,663
$37,327
2009
$18,821,116
$33,462,887
-$14,641,771
2010
$18,747,695
$23,419,760
-$4,672,065
2011
$19,643,246
$19,101,461
$541,785
2012
$18,830,860
$19,258,163
-$427,303
2013
$18,581,936
$18,830,718
-$248,782
2014
$18,553,878
$37,974,344
-$19,420,466
2015
$22,546,027
$22,909,644
-$363,617
2016
$23,195,541
$22,535,076
$660,465
2017
$24,424,413
$31,258,194
-$6,833,781
Total
$201,274,702
$246,642,910
-$45,368,208
10-year change (%)
36.2
74.7
N/M
Illinois Local Education Agency Retrieval Network

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