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Saturday, November 23, 2024

How much has Colona SD 190 overspent over the past 10 years?

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Colona School District 190 accumulated $370,737 in debt between fiscal years 2008 and 2017, according to a Rock Island Today 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, Colona SD 190 reported 6.4 percent more revenue. At the same time, total spending went up 10.5 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$4,188,440
$3,991,409
$197,031
2009
$4,012,021
$3,835,164
$176,857
2010
$3,989,831
$4,038,256
-$48,425
2011
$3,933,276
$3,913,596
$19,680
2012
$3,580,833
$3,681,489
-$100,656
2013
$3,562,974
$3,811,746
-$248,772
2014
$3,660,510
$4,122,897
-$462,387
2015
$3,991,913
$3,990,766
$1,147
2016
$4,410,600
$4,360,443
$50,157
2017
$4,455,923
$4,411,292
$44,631
Total
$39,786,321
$40,157,058
-$370,737
10-year change (%)
6.4
10.5
N/M
Illinois Local Education Agency Retrieval Network

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