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Grundy Reporter

Thursday, April 25, 2024

How much has Mazon-Verona-Kinsman ESD 2C overspent over the past 10 years?

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Mazon-Verona-Kinsman Elementary School District 2C accumulated $532,337 in debt between fiscal years 2008 and 2017, according to a Grundy Reporter 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, Mazon-Verona-Kinsman ESD 2C reported 35 percent more revenue. At the same time, total spending went up 42 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$3,478,931
$3,269,582
$209,349
2009
$3,568,632
$3,517,744
$50,888
2010
$3,454,698
$5,099,465
-$1,644,767
2011
$3,666,349
$3,883,936
-$217,587
2012
$3,574,617
$3,696,419
-$121,802
2013
$4,594,003
$4,063,774
$530,229
2014
$4,438,138
$3,982,978
$455,160
2015
$4,267,327
$4,240,242
$27,085
2016
$4,324,516
$4,201,223
$123,293
2017
$4,698,464
$4,642,649
$55,815
Total
$40,065,675
$40,598,012
-$532,337
10-year change (%)
35
42
N/M
Illinois Local Education Agency Retrieval Network

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