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McLean County Times

Tuesday, April 16, 2024

How much has Ridgeview CUSD 19 overspent over the past 10 years?

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Ridgeview Community Unit School District 19 accumulated $185,360 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, Ridgeview CUSD 19 reported 43.1 percent more revenue. At the same time, total spending went down 2.2 percent. The resulting deficit shrunk by 95.9 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,275,340
$7,828,772
-$2,553,432
2009
$8,930,086
$8,000,700
$929,386
2010
$8,661,604
$8,208,613
$452,991
2011
$8,280,751
$7,884,056
$396,695
2012
$8,352,978
$7,694,194
$658,784
2013
$8,446,192
$7,713,726
$732,466
2014
$7,752,263
$7,457,454
$294,809
2015
$7,207,497
$8,311,811
-$1,104,314
2016
$7,428,634
$7,316,569
$112,065
2017
$7,550,708
$7,655,518
-$104,810
Total
$77,886,053
$78,071,413
-$185,360
10-year change (%)
43.1
-2.2
-95.9
Illinois Local Education Agency Retrieval Network

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