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NJ Regular Public School District 1 Schools

Franklin Township School District

Quakertown, NJ 08868 • Hunterdon County • 1 Operating Schools
(908) 735-7929
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 272 students
Census F-33 • FY 2024
Total Revenue
$10,824,000
Total Expenditure
$10,314,000
Classroom Instruction
$4,940,000
Outstanding Debt
$620,000

Revenue Sources

State Government Funds: $2,565,000 (23.7%) Local Taxes & Fees: $7,912,000 (73.1%) Federal Aid: $347,000 (3.2%)
State Government Funds $2,565,000 23.7%
Local Taxes & Fees $7,912,000 73.1%
Federal Aid $347,000 3.2%
Total Revenue $10,824,000 100.0%

Expenditure Allocation

Classroom Instruction: $4,940,000 (47.9%) Support Services: $4,225,000 (41%) Capital Outlays: $464,000 (4.5%) Other / Operations: $685,000 (6.6%)
Classroom Instruction $4,940,000 47.9%
Support Services $4,225,000 41%
Capital Outlays $464,000 4.5%
Other / Operations $685,000 6.6%
Total Expenditure $10,314,000 100.0%

Financial Comparison & Trends Chart

$0$11,500$23,000$34,500$46,000FY 2020 Revenue/Student: $29,924$29,924FY 2020 Expenditure/Student: $26,062$26,062FY 2020276 stdsFY 2021 Revenue/Student: $33,677$33,677FY 2021 Expenditure/Student: $30,066$30,066FY 2021257 stdsFY 2022 Revenue/Student: $35,746$35,746FY 2022 Expenditure/Student: $34,904$34,904FY 2022260 stdsFY 2023 Revenue/Student: $35,922$35,922FY 2023 Expenditure/Student: $36,043$36,043FY 2023282 stdsFY 2024 Revenue/Student: $39,794$39,794FY 2024 Expenditure/Student: $37,919$37,919FY 2024272 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $39,794

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 272 $10,824,000 $10,314,000 $4,940,000 $464,000 $620,000
FY 2023 282 $10,130,000 $10,164,000 $4,988,000 $890,000 $1,220,000
FY 2022 260 $9,294,000 $9,075,000 $4,538,000 $967,000 $1,795,000
FY 2021 257 $8,655,000 $7,727,000 $3,737,000 $739,000 $2,350,000
FY 2020 276 $8,259,000 $7,193,000 $3,586,000 $303,000 $2,885,000