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South Cook News

Thursday, April 25, 2024

How much has Brookwood SD 167 overspent over the past 10 years?

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Brookwood School District 167 accumulated $19.55 million in debt between fiscal years 2008 and 2017, according to a South 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, Brookwood SD 167 reported 19.2 percent more revenue. At the same time, total spending went up 14.6 percent. The resulting deficit grew by 5.4 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$14,003,900
$17,197,364
-$3,193,464
2009
$15,523,972
$14,962,651
$561,321
2010
$16,038,157
$14,081,225
$1,956,932
2011
$15,129,554
$14,674,780
$454,774
2012
$14,563,421
$16,453,365
-$1,889,944
2013
$14,739,135
$16,976,037
-$2,236,902
2014
$15,824,882
$14,687,095
$1,137,787
2015
$15,104,610
$16,777,112
-$1,672,502
2016
$16,392,305
$28,034,645
-$11,642,340
2017
$16,690,573
$19,711,971
-$3,021,398
Total
$154,010,509
$173,556,245
-$19,545,736
10-year change (%)
19.2
14.6
-5.4
Illinois Local Education Agency Retrieval Network

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