Quantcast

Lake County Gazette

Thursday, November 21, 2024

How much has Round Lake CUSD 116 overspent over the past 10 years?

Highschool07

Round Lake Community Unit School District 116 accumulated $33.40 million in debt between fiscal years 2008 and 2017, according to a Lake County Gazette 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, Round Lake CUSD 116 reported 41.2 percent more revenue. At the same time, total spending went up 34.8 percent. The resulting deficit grew by 13.9 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$66,685,155
$75,470,466
-$8,785,311
2009
$69,898,409
$72,872,987
-$2,974,578
2010
$75,531,120
$72,365,432
$3,165,688
2011
$80,335,711
$75,132,044
$5,203,667
2012
$85,177,018
$77,001,628
$8,175,390
2013
$82,136,076
$83,396,163
-$1,260,087
2014
$85,050,739
$85,452,069
-$401,330
2015
$87,127,213
$92,502,524
-$5,375,311
2016
$91,583,203
$115,161,967
-$23,578,764
2017
$94,145,381
$101,710,817
-$7,565,436
Total
$817,670,025
$851,066,097
-$33,396,072
10-year change (%)
41.2
34.8
-13.9
Illinois Local Education Agency Retrieval Network

MORE NEWS