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Friday, April 19, 2024

How much has Tri City CUSD 1 overspent over the past 10 years?

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Tri City Community Unit School District 1 accumulated $3.61 million in debt between fiscal years 2008 and 2017, according to a Sangamon Sun 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, Tri City CUSD 1 reported 0.9 percent less revenue. At the same time, total spending went up 8.8 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,680,702
$5,400,406
$280,296
2009
$6,007,391
$5,942,028
$65,363
2010
$6,173,514
$6,173,977
-$463
2011
$6,456,402
$6,062,439
$393,963
2012
$5,922,568
$5,903,661
$18,907
2013
$5,851,338
$5,944,153
-$92,815
2014
$5,901,711
$6,185,006
-$283,295
2015
$5,757,890
$5,853,055
-$95,165
2016
$5,721,752
$9,375,297
-$3,653,545
2017
$5,630,940
$5,875,781
-$244,841
Total
$59,104,208
$62,715,803
-$3,611,595
10-year change (%)
-0.9
8.8
N/M
Illinois Local Education Agency Retrieval Network

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