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Peoria Standard

Monday, November 25, 2024

How much has Germantown Hills SD 69 overspent over the past 10 years?

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Germantown Hills School District 69 accumulated $11.07 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, Germantown Hills SD 69 reported 2 percent more revenue. At the same time, total spending went up 73.1 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$8,053,296
$7,543,576
$509,720
2009
$8,015,094
$7,720,702
$294,392
2010
$8,364,061
$7,628,293
$735,768
2011
$8,773,766
$7,517,194
$1,256,572
2012
$8,360,107
$7,839,782
$520,325
2013
$7,786,334
$7,518,452
$267,882
2014
$7,657,960
$7,499,977
$157,983
2015
$7,352,271
$7,602,795
-$250,524
2016
$7,980,683
$17,693,619
-$9,712,936
2017
$8,211,917
$13,059,361
-$4,847,444
Total
$80,555,489
$91,623,751
-$11,068,262
10-year change (%)
2
73.1
N/M
Illinois Local Education Agency Retrieval Network

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