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Wednesday, April 24, 2024

How much has Eldorado CUSD 4 overspent over the past 10 years?

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Eldorado Community Unit School District 4 accumulated $3.83 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, Eldorado CUSD 4 reported 10.4 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
$10,034,752
$9,644,475
$390,277
2009
$10,219,127
$10,695,917
-$476,790
2010
$10,828,427
$10,135,767
$692,660
2011
$11,138,104
$9,805,268
$1,332,836
2012
$10,562,088
$11,401,235
-$839,147
2013
$11,060,084
$11,160,173
-$100,089
2014
$10,739,470
$10,900,026
-$160,556
2015
$10,121,921
$10,927,571
-$805,650
2016
$10,414,670
$14,458,210
-$4,043,540
2017
$11,078,254
$10,894,541
$183,713
Total
$106,196,897
$110,023,183
-$3,826,286
10-year change (%)
10.4
13
N/M
Illinois Local Education Agency Retrieval Network

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