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Peoria Standard

Friday, November 22, 2024

How much has Oak Grove SD 68 overspent over the past 10 years?

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Oak Grove School District 68 accumulated $1.25 million in debt between fiscal years 2008 and 2017, according to a Peoria Standard 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, Oak Grove SD 68 reported 19.8 percent more revenue. At the same time, total spending went up 38 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$13,445,967
$12,591,252
$854,715
2009
$14,181,787
$12,879,208
$1,302,579
2010
$14,412,312
$13,974,040
$438,272
2011
$15,002,260
$13,755,022
$1,247,238
2012
$15,436,713
$13,265,495
$2,171,218
2013
$15,602,686
$14,429,232
$1,173,454
2014
$15,237,858
$16,483,916
-$1,246,058
2015
$15,376,233
$18,776,665
-$3,400,432
2016
$15,700,482
$18,231,963
-$2,531,481
2017
$16,113,286
$17,372,848
-$1,259,562
Total
$150,509,584
$151,759,641
-$1,250,057
10-year change (%)
19.8
38
N/M
Illinois Local Education Agency Retrieval Network

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