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East Central Reporter

Friday, April 19, 2024

How much has Oakland CUSD 5 overspent over the past 10 years?

Highschool089

Oakland Community Unit School District 5 accumulated $2.86 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, Oakland CUSD 5 reported 4.2 percent more revenue. At the same time, total spending went up 9 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$3,314,795
$3,203,122
$111,673
2009
$3,494,136
$4,114,346
-$620,210
2010
$3,874,193
$3,874,456
-$263
2011
$4,209,152
$4,576,863
-$367,711
2012
$4,076,217
$5,283,603
-$1,207,386
2013
$3,560,438
$3,802,808
-$242,370
2014
$3,654,573
$3,395,230
$259,343
2015
$2,915,381
$3,293,924
-$378,543
2016
$2,812,061
$3,191,759
-$379,698
2017
$3,452,296
$3,490,087
-$37,791
Total
$35,363,242
$38,226,198
-$2,862,956
10-year change (%)
4.2
9
N/M
Illinois Local Education Agency Retrieval Network

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