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Thursday, April 18, 2024

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

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Valmeyer Community Unit School District 3 accumulated $3.82 million in debt between fiscal years 2008 and 2017, according to a SW Illinois News 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, Valmeyer CUSD 3 reported 4.2 percent more revenue. At the same time, total spending went up 22 percent. The resulting deficit grew by 466.8 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$4,169,337
$4,336,481
-$167,144
2009
$4,244,961
$4,542,056
-$297,095
2010
$4,256,532
$4,603,730
-$347,198
2011
$4,355,324
$4,625,089
-$269,765
2012
$4,062,223
$4,369,529
-$307,306
2013
$4,486,005
$4,765,656
-$279,651
2014
$4,377,839
$4,655,191
-$277,352
2015
$4,227,564
$4,770,654
-$543,090
2016
$4,242,622
$4,622,457
-$379,835
2017
$4,342,775
$5,290,156
-$947,381
Total
$42,765,182
$46,580,999
-$3,815,817
10-year change (%)
4.2
22
466.8
Illinois Local Education Agency Retrieval Network

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