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Grundy Reporter

Thursday, April 25, 2024

How much has Morris SD 54 overspent over the past 10 years?

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Morris School District 54 accumulated $29.15 million 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, Morris SD 54 reported 10.7 percent more revenue. At the same time, total spending went up 18.6 percent. The resulting deficit grew by 133.6 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$11,543,175
$12,336,694
-$793,519
2009
$11,937,576
$13,423,449
-$1,485,873
2010
$11,437,339
$13,693,134
-$2,255,795
2011
$12,414,630
$20,675,383
-$8,260,753
2012
$12,073,884
$19,053,023
-$6,979,139
2013
$12,371,047
$13,697,481
-$1,326,434
2014
$12,107,405
$13,645,513
-$1,538,108
2015
$11,773,412
$14,183,836
-$2,410,424
2016
$12,076,193
$14,326,835
-$2,250,642
2017
$12,773,147
$14,627,060
-$1,853,913
Total
$120,507,808
$149,662,408
-$29,154,600
10-year change (%)
10.7
18.6
133.6
Illinois Local Education Agency Retrieval Network

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