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Peoria Standard

Monday, November 25, 2024

How much has Elmwood CUSD 322 overspent over the past 10 years?

Highschool151

Elmwood Community Unit School District 322 accumulated $2.31 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, Elmwood CUSD 322 reported 18.1 percent more revenue. At the same time, total spending went up 23.5 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$6,272,338
$6,098,914
$173,424
2009
$6,572,470
$7,269,953
-$697,483
2010
$6,811,569
$6,926,415
-$114,846
2011
$7,120,228
$6,854,888
$265,340
2012
$6,652,390
$6,533,098
$119,292
2013
$6,625,335
$7,066,537
-$441,202
2014
$6,587,128
$7,021,000
-$433,872
2015
$6,505,794
$6,431,590
$74,204
2016
$6,603,379
$7,729,212
-$1,125,833
2017
$7,405,853
$7,531,367
-$125,514
Total
$67,156,484
$69,462,974
-$2,306,490
10-year change (%)
18.1
23.5
N/M
Illinois Local Education Agency Retrieval Network

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