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Friday, November 22, 2024

How much has Steeleville CUSD 138 overspent over the past 10 years?

Highschool151

Steeleville Community Unit School District 138 accumulated $2.21 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, Steeleville CUSD 138 reported 17 percent more revenue. At the same time, total spending went up 38.4 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$3,493,630
$3,361,096
$132,534
2009
$3,806,184
$3,721,643
$84,541
2010
$3,810,670
$3,830,232
-$19,562
2011
$4,076,651
$4,151,480
-$74,829
2012
$3,679,745
$4,344,214
-$664,469
2013
$3,851,599
$4,120,316
-$268,717
2014
$3,850,212
$4,148,294
-$298,082
2015
$3,717,956
$3,836,624
-$118,668
2016
$3,904,514
$4,319,721
-$415,207
2017
$4,087,781
$4,650,462
-$562,681
Total
$38,278,942
$40,484,082
-$2,205,140
10-year change (%)
17
38.4
N/M
Illinois Local Education Agency Retrieval Network

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