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McLean County Times

Sunday, May 26, 2024

How much has Cornell CCSD 426 overspent over the past 10 years?

Highschool04

Cornell Community Consolidated School District 426 accumulated $152,372 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, Cornell CCSD 426 reported 14.4 percent more revenue. At the same time, total spending went down 6.5 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$1,305,486
$1,344,533
-$39,047
2009
$1,439,389
$1,476,299
-$36,910
2010
$1,408,641
$1,364,922
$43,719
2011
$1,601,600
$1,371,434
$230,166
2012
$1,369,355
$1,719,506
-$350,151
2013
$1,305,810
$1,885,809
-$579,999
2014
$1,349,717
$1,243,404
$106,313
2015
$1,350,418
$1,269,365
$81,053
2016
$1,368,372
$1,212,876
$155,496
2017
$1,493,886
$1,256,898
$236,988
Total
$13,992,674
$14,145,046
-$152,372
10-year change (%)
14.4
-6.5
N/M
Illinois Local Education Agency Retrieval Network

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