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East Central Reporter

Saturday, November 23, 2024

How much has Martinsville CUSD 3C overspent over the past 10 years?

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Martinsville Community Unit School District 3C accumulated $1.63 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, Martinsville CUSD 3C reported 27.1 percent more revenue. At the same time, total spending went up 13 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$3,324,366
$3,506,158
-$181,792
2009
$4,024,953
$4,691,788
-$666,835
2010
$6,938,072
$7,966,952
-$1,028,880
2011
$9,464,678
$8,740,132
$724,546
2012
$4,012,823
$4,998,738
-$985,915
2013
$3,698,624
$4,134,493
-$435,869
2014
$6,081,659
$3,859,234
$2,222,425
2015
$3,776,705
$3,961,161
-$184,456
2016
$3,769,409
$5,125,231
-$1,355,822
2017
$4,224,889
$3,962,364
$262,525
Total
$49,316,178
$50,946,251
-$1,630,073
10-year change (%)
27.1
13
N/M
Illinois Local Education Agency Retrieval Network

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