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McLean County Times

Saturday, November 16, 2024

How much has Olympia CUSD 16 overspent over the past 10 years?

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Olympia Community Unit School District 16 accumulated $13.37 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, Olympia CUSD 16 reported 27.9 percent more revenue. At the same time, total spending went up 0 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$17,805,499
$21,811,092
-$4,005,593
2009
$21,626,770
$29,027,907
-$7,401,137
2010
$20,523,524
$22,251,848
-$1,728,324
2011
$21,525,571
$20,022,394
$1,503,177
2012
$20,307,769
$20,857,746
-$549,977
2013
$20,405,238
$21,190,655
-$785,417
2014
$21,183,717
$21,908,748
-$725,031
2015
$20,411,757
$21,129,858
-$718,101
2016
$21,250,767
$21,173,680
$77,087
2017
$22,776,059
$21,813,353
$962,706
Total
$207,816,671
$221,187,281
-$13,370,610
10-year change (%)
27.9
0
N/M
Illinois Local Education Agency Retrieval Network

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