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Wednesday, December 4, 2024

How much has Goreville CUD 1 overspent over the past 10 years?

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Goreville Community Unit School District 1 accumulated $4.86 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, Goreville CUD 1 reported 1.7 percent more revenue. At the same time, total spending went up 28.3 percent. The resulting deficit grew by 440.7 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,498,745
$5,854,061
-$355,316
2009
$5,755,261
$5,968,430
-$213,169
2010
$5,725,363
$5,298,270
$427,093
2011
$6,309,903
$5,538,438
$771,465
2012
$5,686,597
$6,399,493
-$712,896
2013
$5,626,479
$5,852,116
-$225,637
2014
$5,827,572
$5,544,545
$283,027
2015
$5,438,025
$8,144,095
-$2,706,070
2016
$5,556,648
$5,759,180
-$202,532
2017
$5,590,373
$7,511,453
-$1,921,080
Total
$57,014,966
$61,870,081
-$4,855,115
10-year change (%)
1.7
28.3
440.7
Illinois Local Education Agency Retrieval Network

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