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South Cook News

Thursday, April 25, 2024

How much has Burnham SD 154-5 overspent over the past 10 years?

Highschoolclassroom1401

Burnham School District 154-5 accumulated $1.78 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, Burnham SD 154-5 reported 12.7 percent more revenue. At the same time, total spending went up 23.7 percent. The resulting deficit grew by 271.2 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$2,027,643
$2,118,100
-$90,457
2009
$2,057,519
$2,097,134
-$39,615
2010
$2,011,134
$1,966,555
$44,579
2011
$2,169,254
$1,983,429
$185,825
2012
$2,262,368
$2,136,256
$126,112
2013
$2,171,601
$2,391,429
-$219,828
2014
$2,362,969
$2,687,905
-$324,936
2015
$2,192,395
$3,053,066
-$860,671
2016
$2,527,822
$2,794,038
-$266,216
2017
$2,284,122
$2,619,939
-$335,817
Total
$22,066,827
$23,847,851
-$1,781,024
10-year change (%)
12.7
23.7
271.2
Illinois Local Education Agency Retrieval Network

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