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Lake County Gazette

Saturday, April 20, 2024

How much has Mundelein ESD 75 overspent over the past 10 years?

Highschool04

Mundelein Elementary School District 75 accumulated $4.35 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 ESD 75 reported 12.9 percent more revenue. At the same time, total spending went up 10.9 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$19,852,149
$19,454,329
$397,820
2009
$20,116,310
$24,249,367
-$4,133,057
2010
$19,821,522
$24,879,808
-$5,058,286
2011
$20,289,981
$18,873,834
$1,416,147
2012
$19,467,241
$17,961,248
$1,505,993
2013
$19,701,405
$18,625,882
$1,075,523
2014
$20,336,841
$19,811,781
$525,060
2015
$20,655,674
$21,615,666
-$959,992
2016
$21,945,766
$21,899,359
$46,407
2017
$22,404,497
$21,574,526
$829,971
Total
$204,591,386
$208,945,800
-$4,354,414
10-year change (%)
12.9
10.9
N/M
Illinois Local Education Agency Retrieval Network

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