Galva Community Unit School District 224 accumulated $377,102 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, Galva CUSD 224 reported 11.2 percent more revenue. At the same time, total spending went up 8.7 percent. The resulting deficit grew by 82.4 percent from 2008 to 2017.
School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,652,749
$5,810,092
-$157,343
2009
$5,402,164
$5,778,213
-$376,049
2010
$5,685,991
$5,934,262
-$248,271
2011
$5,872,894
$5,702,939
$169,955
2012
$5,459,560
$5,687,383
-$227,823
2013
$5,697,025
$5,748,160
-$51,135
2014
$6,442,494
$5,707,531
$734,963
2015
$5,697,771
$5,623,788
$73,983
2016
$5,547,820
$5,815,492
-$267,672
2017
$6,288,301
$6,316,011
-$27,710
Total
$57,746,769
$58,123,871
-$377,102
10-year change (%)
11.2
8.7
-82.4
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