NJ
Regular Public School District
10 Schools
Franklin Township Public School District
Somerset, NJ 08873
•
Somerset County
•
10 Operating Schools
(732) 873-2400
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 7,352 students
Total Revenue
$247,529,000
Total Expenditure
$243,884,000
Classroom Instruction
$137,543,000
Outstanding Debt
$58,115,000
Revenue Sources
| State Government Funds | $68,012,000 | 27.5% | |
| Local Taxes & Fees | $168,520,000 | 68.1% | |
| Federal Aid | $10,997,000 | 4.4% | |
| Total Revenue | $247,529,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $137,543,000 | 56.4% | |
| Support Services | $90,318,000 | 37% | |
| Capital Outlays | $1,884,000 | 0.8% | |
| Other / Operations | $14,139,000 | 5.8% | |
| Total Expenditure | $243,884,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $33,668
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 7,352 | $247,529,000 | $243,884,000 | $137,543,000 | $1,884,000 | $58,115,000 |
| FY 2023 | 7,309 | $232,526,000 | $228,533,000 | $130,107,000 | $3,905,000 | $64,795,000 |
| FY 2022 | 7,108 | $227,573,000 | $222,623,000 | $127,141,000 | $4,016,000 | $71,485,000 |
| FY 2021 | 7,058 | $210,020,000 | $200,809,000 | $115,096,000 | $6,872,000 | $77,845,000 |
| FY 2020 | 7,212 | $199,600,000 | $195,125,000 | $106,330,000 | $8,016,000 | $83,960,000 |