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DeKalb Times

Saturday, November 16, 2024

How much has Hiawatha CUSD 426 overspent over the past 10 years?

Highschool089

Hiawatha Community Unit School District 426 accumulated $6.04 million in debt between fiscal years 2008 and 2017, according to a DeKalb 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, Hiawatha CUSD 426 reported 0.8 percent more revenue. At the same time, total spending went down 1.5 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$6,846,548
$6,486,861
$359,687
2009
$6,961,368
$9,798,955
-$2,837,587
2010
$7,000,810
$7,817,324
-$816,514
2011
$7,449,754
$10,196,719
-$2,746,965
2012
$6,351,224
$6,973,255
-$622,031
2013
$6,127,662
$6,241,844
-$114,182
2014
$6,171,664
$6,341,508
-$169,844
2015
$6,224,147
$6,268,344
-$44,197
2016
$6,597,989
$6,160,501
$437,488
2017
$6,902,551
$6,388,689
$513,862
Total
$66,633,717
$72,674,000
-$6,040,283
10-year change (%)
0.8
-1.5
N/M
Illinois Local Education Agency Retrieval Network

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