Quantcast

South Central Reporter

Saturday, May 18, 2024

How much has Panhandle CUSD 2 overspent over the past 10 years?

Hs 04

Panhandle Community Unit School District 2 accumulated $1.44 million in debt between fiscal years 2008 and 2017, according to a South Central 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, Panhandle CUSD 2 reported 7.8 percent more revenue. At the same time, total spending went up 16 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,088,053
$4,891,843
$196,210
2009
$5,203,276
$5,210,607
-$7,331
2010
$5,337,241
$5,249,639
$87,602
2011
$5,639,201
$5,142,614
$496,587
2012
$5,354,950
$5,441,746
-$86,796
2013
$5,465,175
$5,356,359
$108,816
2014
$6,803,070
$8,437,748
-$1,634,678
2015
$7,916,629
$8,133,117
-$216,488
2016
$5,495,779
$5,685,673
-$189,894
2017
$5,483,511
$5,672,945
-$189,434
Total
$57,786,885
$59,222,291
-$1,435,406
10-year change (%)
7.8
16
N/M
Illinois Local Education Agency Retrieval Network

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS