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McLean County Times

Saturday, May 18, 2024

How much has Tri Valley CUSD 3 overspent over the past 10 years?

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Tri Valley Community Unit School District 3 accumulated $4.64 million in debt between fiscal years 2008 and 2017, according to a McLean County Times 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, Tri Valley CUSD 3 reported 35.2 percent more revenue. At the same time, total spending went up 3.8 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$9,173,245
$11,535,405
-$2,362,160
2009
$13,331,409
$11,665,786
$1,665,624
2010
$11,614,392
$12,652,065
-$1,037,673
2011
$11,874,758
$13,272,260
-$1,397,502
2012
$12,339,357
$12,118,868
$220,489
2013
$11,309,455
$12,024,316
-$714,861
2014
$11,535,087
$11,641,831
-$106,744
2015
$11,316,959
$11,590,959
-$274,000
2016
$12,147,067
$13,213,914
-$1,066,847
2017
$12,407,007
$11,969,091
$437,916
Total
$117,048,736
$121,684,495
-$4,635,758
10-year change (%)
35.2
3.8
N/M
Illinois Local Education Agency Retrieval Network

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