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Tuesday, April 23, 2024

How much has Meridian CUSD 101 overspent over the past 10 years?

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Meridian Community Unit School District 101 accumulated $2.91 million in debt between fiscal years 2008 and 2017, according to a Southern Illinois 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, Meridian CUSD 101 reported 60.8 percent more revenue. At the same time, total spending went up 39.8 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$7,458,650
$8,277,910
-$819,260
2009
$8,083,342
$8,164,585
-$81,243
2010
$8,056,487
$8,538,829
-$482,342
2011
$8,086,139
$7,539,828
$546,311
2012
$6,871,243
$7,649,544
-$778,301
2013
$6,616,619
$6,980,766
-$364,147
2014
$6,671,088
$6,266,700
$404,388
2015
$7,240,441
$7,766,699
-$526,258
2016
$10,508,454
$11,741,014
-$1,232,560
2017
$11,995,493
$11,573,545
$421,948
Total
$81,587,956
$84,499,420
-$2,911,464
10-year change (%)
60.8
39.8
N/M
Illinois Local Education Agency Retrieval Network

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