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East Central Reporter

Friday, November 22, 2024

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

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Neoga Community Unit School District 3 accumulated $6.61 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, Neoga CUSD 3 reported 15.6 percent less revenue. At the same time, total spending went down 5.7 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$7,492,728
$6,205,364
$1,287,364
2009
$6,662,140
$6,240,138
$422,002
2010
$6,839,622
$10,973,085
-$4,133,463
2011
$7,062,753
$9,591,045
-$2,528,292
2012
$6,433,728
$7,832,495
-$1,398,767
2013
$6,305,889
$7,235,533
-$929,644
2014
$6,500,441
$7,029,529
-$529,088
2015
$6,197,283
$6,315,949
-$118,666
2016
$6,395,853
$5,549,948
$845,905
2017
$6,326,498
$5,853,578
$472,920
Total
$66,216,935
$72,826,664
-$6,609,729
10-year change (%)
-15.6
-5.7
N/M
Illinois Local Education Agency Retrieval Network

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