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Sunday, May 19, 2024

How much has Harmony Emge SD 175 overspent over the past 10 years?

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Harmony Emge School District 175 accumulated $4.74 million in debt between fiscal years 2008 and 2017, according to a Metro East Sun 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, Harmony Emge SD 175 reported 18.4 percent more revenue. At the same time, total spending went up 17.8 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$8,715,566
$8,473,580
$241,986
2009
$8,661,682
$8,766,017
-$104,335
2010
$8,996,073
$9,550,945
-$554,872
2011
$9,322,210
$10,379,558
-$1,057,348
2012
$9,116,939
$10,960,363
-$1,843,424
2013
$8,886,849
$9,011,191
-$124,342
2014
$9,126,140
$9,650,519
-$524,379
2015
$8,693,276
$9,179,755
-$486,479
2016
$9,074,782
$9,701,096
-$626,314
2017
$10,317,947
$9,981,412
$336,535
Total
$90,911,464
$95,654,436
-$4,742,972
10-year change (%)
18.4
17.8
N/M
Illinois Local Education Agency Retrieval Network

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