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Galesburg Reporter

Thursday, May 2, 2024

How much has United CUSD 304 overspent over the past 10 years?

Highschool07

United Community Unit School District 304 accumulated $9.15 million in debt between fiscal years 2008 and 2017, according to a Galesburg Reporter 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, United CUSD 304 reported 37 percent more revenue. At the same time, total spending went down 5.3 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$8,691,560
$11,380,234
-$2,688,674
2009
$9,631,018
$11,586,687
-$1,955,669
2010
$10,165,141
$9,745,666
$419,475
2011
$11,934,373
$9,945,216
$1,989,157
2012
$10,331,250
$13,783,518
-$3,452,268
2013
$8,268,852
$12,591,790
-$4,322,938
2014
$10,760,921
$10,931,053
-$170,132
2015
$10,584,391
$11,007,788
-$423,397
2016
$10,828,412
$10,504,987
$323,425
2017
$11,910,906
$10,778,349
$1,132,557
Total
$103,106,824
$112,255,288
-$9,148,464
10-year change (%)
37
-5.3
N/M
Illinois Local Education Agency Retrieval Network

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