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Peoria Standard

Monday, November 25, 2024

How much has Delavan CUSD 703 overspent over the past 10 years?

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Delavan Community Unit School District 703 accumulated $5.58 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, Delavan CUSD 703 reported 24.1 percent more revenue. At the same time, total spending went up 138 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$4,494,011
$4,235,408
$258,603
2009
$4,672,122
$4,511,459
$160,663
2010
$4,734,373
$4,850,379
-$116,006
2011
$5,019,178
$5,055,109
-$35,931
2012
$4,855,220
$5,395,870
-$540,650
2013
$4,810,443
$4,942,439
-$131,996
2014
$4,971,011
$4,948,324
$22,687
2015
$4,763,287
$5,099,911
-$336,624
2016
$5,090,543
$5,451,651
-$361,108
2017
$5,576,441
$10,080,848
-$4,504,407
Total
$48,986,629
$54,571,398
-$5,584,769
10-year change (%)
24.1
138
N/M
Illinois Local Education Agency Retrieval Network

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