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DeKalb Times

Friday, April 19, 2024

How much has Somonauk CUSD 432 overspent over the past 10 years?

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Somonauk Community Unit School District 432 accumulated $413,251 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, Somonauk CUSD 432 reported 0.5 percent less revenue. At the same time, total spending went down 9.4 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$10,020,751
$10,719,811
-$699,060
2009
$10,365,152
$11,620,593
-$1,255,441
2010
$10,516,169
$11,154,811
-$638,642
2011
$10,685,674
$11,342,728
-$657,054
2012
$9,847,582
$9,553,114
$294,468
2013
$9,632,067
$8,984,071
$647,996
2014
$9,547,698
$9,134,188
$413,510
2015
$9,791,196
$9,117,070
$674,126
2016
$9,941,436
$9,388,455
$552,981
2017
$9,970,650
$9,716,785
$253,865
Total
$100,318,375
$100,731,626
-$413,251
10-year change (%)
-0.5
-9.4
N/M
Illinois Local Education Agency Retrieval Network

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