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Macon Reporter

Friday, April 26, 2024

How much has Argenta-Oreana CUSD 1 overspent over the past 10 years?

Highschool04

Argenta-Oreana Community Unit School District 1 accumulated $6.59 million in debt between fiscal years 2008 and 2017, according to a Macon Reporter 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, Argenta-Oreana CUSD 1 reported 21 percent more revenue. At the same time, total spending went up 8.4 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$8,427,787
$8,299,489
$128,298
2009
$8,732,423
$9,137,169
-$404,746
2010
$9,121,916
$8,804,306
$317,610
2011
$9,212,322
$8,790,710
$421,612
2012
$9,119,713
$9,605,543
-$485,830
2013
$9,329,787
$15,917,818
-$6,588,031
2014
$9,438,635
$9,417,394
$21,241
2015
$9,045,292
$9,544,323
-$499,031
2016
$9,066,563
$9,769,220
-$702,657
2017
$10,197,754
$8,996,926
$1,200,828
Total
$91,692,192
$98,282,898
-$6,590,706
10-year change (%)
21
8.4
N/M
Illinois Local Education Agency Retrieval Network

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