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McLean County Times

Thursday, April 18, 2024

How much has LeRoy CUSD 2 overspent over the past 10 years?

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LeRoy Community Unit School District 2 accumulated $2.93 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, LeRoy CUSD 2 reported 38.3 percent more revenue. At the same time, total spending went up 24.2 percent. The resulting deficit grew by 66.8 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$6,338,607
$7,318,137
-$979,530
2009
$9,061,913
$7,852,519
$1,209,394
2010
$8,654,484
$9,940,338
-$1,285,854
2011
$9,041,160
$9,706,905
-$665,745
2012
$8,626,061
$10,010,466
-$1,384,405
2013
$8,679,665
$8,401,467
$278,198
2014
$9,475,006
$8,905,604
$569,402
2015
$8,872,323
$8,945,817
-$73,494
2016
$8,941,906
$9,213,877
-$271,971
2017
$8,766,044
$9,091,396
-$325,352
Total
$86,457,169
$89,386,526
-$2,929,357
10-year change (%)
38.3
24.2
-66.8
Illinois Local Education Agency Retrieval Network

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