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Saturday, November 23, 2024

How much has Silvis SD 34 overspent over the past 10 years?

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Silvis School District 34 accumulated $1.15 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, Silvis SD 34 reported 12.3 percent more revenue. At the same time, total spending went up 21.8 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,882,161
$5,266,861
$615,300
2009
$5,712,763
$6,364,813
-$652,050
2010
$5,967,532
$5,828,580
$138,952
2011
$10,134,668
$6,693,368
$3,441,300
2012
$12,153,248
$17,136,590
-$4,983,342
2013
$7,948,733
$11,524,271
-$3,575,538
2014
$10,371,522
$7,027,488
$3,344,034
2015
$6,277,345
$6,473,725
-$196,380
2016
$6,602,284
$6,073,105
$529,179
2017
$6,603,067
$6,415,478
$187,589
Total
$77,653,323
$78,804,279
-$1,150,956
10-year change (%)
12.3
21.8
N/M
Illinois Local Education Agency Retrieval Network

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