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Monday, November 25, 2024

How much has Lincoln CHSD 404 overspent over the past 10 years?

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Lincoln Community High School District 404 accumulated $1.84 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, Lincoln CHSD 404 reported 11 percent more revenue. At the same time, total spending went down 12.6 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$9,848,162
$12,054,533
-$2,206,371
2009
$9,615,884
$13,202,530
-$3,586,646
2010
$10,026,762
$11,370,610
-$1,343,848
2011
$11,303,860
$9,902,843
$1,401,017
2012
$10,700,135
$10,014,996
$685,139
2013
$10,617,361
$9,975,660
$641,701
2014
$10,488,386
$9,680,894
$807,492
2015
$10,350,622
$10,269,223
$81,399
2016
$11,752,071
$10,466,727
$1,285,344
2017
$10,928,664
$10,535,051
$393,613
Total
$105,631,907
$107,473,067
-$1,841,160
10-year change (%)
11
-12.6
N/M
Illinois Local Education Agency Retrieval Network

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