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Friday, November 15, 2024

How much has Frankfort CUSD 168 overspent over the past 10 years?

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Frankfort Community Unit School District 168 accumulated $527,776 in debt between fiscal years 2008 and 2017, according to a North Egypt News 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, Frankfort CUSD 168 reported 13.6 percent more revenue. At the same time, total spending went up 24.1 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$14,376,076
$13,630,922
$745,154
2009
$15,010,028
$14,690,446
$319,582
2010
$15,618,917
$14,897,663
$721,254
2011
$17,323,909
$15,300,206
$2,023,703
2012
$15,619,645
$16,732,212
-$1,112,567
2013
$16,175,425
$18,343,699
-$2,168,274
2014
$16,057,633
$16,625,431
-$567,798
2015
$15,934,895
$16,117,151
-$182,256
2016
$16,851,931
$16,566,985
$284,946
2017
$16,325,903
$16,917,423
-$591,520
Total
$159,294,362
$159,822,138
-$527,776
10-year change (%)
13.6
24.1
N/M
Illinois Local Education Agency Retrieval Network

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