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Tuesday, November 5, 2024

How much has Fairfield PSD 112 overspent over the past 10 years?

Highschool089

Fairfield Public School District 112 accumulated $4.22 million in debt between fiscal years 2008 and 2017, according to a SE 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, Fairfield PSD 112 reported 7.4 percent more revenue. At the same time, total spending went up 11.4 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,807,529
$5,647,111
$160,418
2009
$5,690,243
$5,485,913
$204,330
2010
$6,135,573
$5,663,413
$472,160
2011
$6,519,033
$8,520,296
-$2,001,263
2012
$10,514,854
$11,166,926
-$652,072
2013
$6,553,383
$7,824,062
-$1,270,679
2014
$5,991,921
$6,145,243
-$153,322
2015
$5,820,131
$6,311,028
-$490,897
2016
$6,093,285
$6,536,562
-$443,277
2017
$6,238,076
$6,288,422
-$50,346
Total
$65,364,028
$69,588,976
-$4,224,948
10-year change (%)
7.4
11.4
N/M
Illinois Local Education Agency Retrieval Network

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