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Peoria Standard

Friday, April 26, 2024

How much has Deer Creek-Mackinaw CUSD 701 overspent over the past 10 years?

Highschool04

Deer Creek MacKinaw Community Unit School District 701 accumulated $6.87 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, Deer Creek-Mackinaw CUSD 701 reported 16.7 percent more revenue. At the same time, total spending went up 2 percent. The resulting deficit grew by 94.4 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$9,342,311
$10,772,523
-$1,430,212
2009
$9,680,654
$12,549,995
-$2,869,341
2010
$10,206,265
$11,441,012
-$1,234,747
2011
$10,841,616
$10,329,422
$512,194
2012
$10,266,149
$10,489,785
-$223,636
2013
$10,109,448
$10,291,029
-$181,581
2014
$10,042,417
$9,765,056
$277,361
2015
$9,608,124
$10,490,698
-$882,574
2016
$10,483,336
$11,243,490
-$760,154
2017
$10,903,147
$10,983,780
-$80,633
Total
$101,483,467
$108,356,790
-$6,873,323
10-year change (%)
16.7
2
-94.4
Illinois Local Education Agency Retrieval Network

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