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Kankakee Times

Friday, November 29, 2024

How much has Manteno CUSD 5 overspent over the past 10 years?

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Manteno Community Unit School District 5 accumulated $5.57 million in debt between fiscal years 2008 and 2017, according to a Kankakee Times 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, Manteno CUSD 5 reported 15 percent more revenue. At the same time, total spending went down 19.7 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$21,983,842
$27,873,552
-$5,889,710
2009
$22,447,132
$21,365,517
$1,081,615
2010
$24,718,638
$21,731,401
$2,987,237
2011
$25,105,593
$23,725,836
$1,379,757
2012
$24,097,481
$24,747,702
-$650,221
2013
$24,053,456
$31,842,597
-$7,789,141
2014
$25,213,862
$26,638,695
-$1,424,833
2015
$24,320,962
$23,415,806
$905,156
2016
$25,660,849
$24,724,381
$936,468
2017
$25,277,082
$22,380,872
$2,896,210
Total
$242,878,897
$248,446,359
-$5,567,462
10-year change (%)
15
-19.7
N/M
Illinois Local Education Agency Retrieval Network

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