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DeKalb Times

Saturday, November 16, 2024

How much has Genoa Kingston CUSD 424 overspent over the past 10 years?

Highschool04

Genoa Kingston Community Unit School District 424 accumulated $20,849 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, Genoa Kingston CUSD 424 reported 19 percent more revenue. At the same time, total spending went up 26 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$17,750,962
$16,675,404
$1,075,558
2009
$18,313,425
$17,928,731
$384,694
2010
$19,007,019
$19,255,238
-$248,219
2011
$20,018,998
$19,995,744
$23,254
2012
$19,829,602
$19,941,674
-$112,072
2013
$19,486,243
$19,651,008
-$164,765
2014
$19,462,325
$19,812,233
-$349,908
2015
$19,745,224
$20,239,130
-$493,906
2016
$20,237,734
$20,481,965
-$244,231
2017
$21,126,844
$21,018,098
$108,746
Total
$194,978,376
$194,999,225
-$20,849
10-year change (%)
19
26
N/M
Illinois Local Education Agency Retrieval Network

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