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Lake County Gazette

Wednesday, April 24, 2024

How much has Mundelein Cons HSD 120 overspent over the past 10 years?

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Mundelein Consolidated High School District 120 accumulated $12.78 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, Mundelein Cons HSD 120 reported 52 percent more revenue. At the same time, total spending went up 40.3 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$30,808,857
$31,192,312
-$383,455
2009
$31,595,788
$31,050,099
$545,689
2010
$33,837,870
$31,873,585
$1,964,285
2011
$34,184,278
$31,572,522
$2,611,756
2012
$36,912,319
$38,680,319
-$1,768,000
2013
$36,797,969
$36,038,503
$759,466
2014
$37,341,314
$36,052,333
$1,288,981
2015
$37,253,233
$39,764,068
-$2,510,835
2016
$37,941,124
$56,283,711
-$18,342,587
2017
$46,818,479
$43,764,095
$3,054,384
Total
$363,491,231
$376,271,547
-$12,780,316
10-year change (%)
52
40.3
N/M
Illinois Local Education Agency Retrieval Network

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