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East Central Reporter

Wednesday, April 24, 2024

How much has Altamont CUSD 10 overspent over the past 10 years?

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Altamont Community Unit School District 10 accumulated $8.23 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, Altamont CUSD 10 reported 12.2 percent more revenue. At the same time, total spending went up 16.4 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$6,372,465
$6,336,327
$36,138
2009
$6,679,998
$6,456,370
$223,628
2010
$7,141,056
$7,950,027
-$808,971
2011
$6,983,956
$8,346,888
-$1,362,932
2012
$6,942,181
$9,518,102
-$2,575,921
2013
$7,348,623
$7,319,577
$29,046
2014
$6,990,351
$6,856,211
$134,140
2015
$7,093,155
$8,573,362
-$1,480,207
2016
$6,879,641
$9,081,217
-$2,201,576
2017
$7,152,111
$7,378,060
-$225,949
Total
$69,583,537
$77,816,141
-$8,232,604
10-year change (%)
12.2
16.4
N/M
Illinois Local Education Agency Retrieval Network

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