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Friday, November 15, 2024

How much has Zeigler-Royalton CUSD 188 overspent over the past 10 years?

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Zeigler-Royalton Community Unit School District 188 accumulated $5 million 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, Zeigler-Royalton CUSD 188 reported 15.6 percent more revenue. At the same time, total spending went up 55.7 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,171,902
$4,667,823
$504,079
2009
$5,284,835
$4,939,879
$344,956
2010
$5,546,479
$5,613,748
-$67,269
2011
$6,100,610
$6,813,465
-$712,855
2012
$5,920,062
$6,285,975
-$365,913
2013
$5,943,429
$6,697,032
-$753,603
2014
$5,871,937
$5,754,241
$117,696
2015
$5,485,744
$6,536,757
-$1,051,013
2016
$5,799,860
$7,520,175
-$1,720,315
2017
$5,976,044
$7,268,289
-$1,292,245
Total
$57,100,902
$62,097,384
-$4,996,482
10-year change (%)
15.6
55.7
N/M
Illinois Local Education Agency Retrieval Network

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