Moline-Coal Valley Community Unit School District 40 accumulated $48.18 million 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, Moline-Coal Valley CUSD 40 reported 3.5 percent more revenue. At the same time, total spending went up 4.7 percent.
School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$75,485,549
$72,354,031
$3,131,518
2009
$74,963,483
$80,215,999
-$5,252,516
2010
$72,040,689
$82,431,383
-$10,390,694
2011
$75,826,083
$91,657,873
-$15,831,790
2012
$75,843,740
$75,921,385
-$77,645
2013
$74,159,379
$72,875,085
$1,284,294
2014
$73,194,557
$76,212,531
-$3,017,974
2015
$74,467,983
$89,779,239
-$15,311,256
2016
$73,971,377
$79,014,689
-$5,043,312
2017
$78,102,635
$75,775,106
$2,327,529
Total
$748,055,475
$796,237,321
-$48,181,846
10-year change (%)
3.5
4.7
N/M
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