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Friday, April 26, 2024

How much has Lincolnwood SD 74 overspent over the past 10 years?

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Lincolnwood School District 74 accumulated $10.76 million in debt between fiscal years 2008 and 2017, according to a North Cook News 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, Lincolnwood SD 74 reported 19.6 percent more revenue. At the same time, total spending went up 65.8 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$22,455,184
$21,468,370
$986,814
2009
$22,824,388
$22,771,232
$53,156
2010
$25,155,428
$21,493,754
$3,661,674
2011
$24,325,345
$22,952,071
$1,373,274
2012
$25,252,484
$23,176,642
$2,075,842
2013
$25,039,597
$29,623,847
-$4,584,250
2014
$25,671,090
$22,747,162
$2,923,928
2015
$22,000,607
$24,091,190
-$2,090,583
2016
$24,503,034
$30,936,168
-$6,433,134
2017
$26,863,122
$35,588,483
-$8,725,361
Total
$244,090,279
$254,848,919
-$10,758,640
10-year change (%)
19.6
65.8
N/M
Illinois Local Education Agency Retrieval Network

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