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NJ Regular Public School District 8 Schools

Freehold Township School District

Freehold, NJ 07728 • Monmouth County • 8 Operating Schools
(732) 462-8400
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 3,461 students
Census F-33 • FY 2024
Total Revenue
$107,126,000
Total Expenditure
$107,924,000
Classroom Instruction
$59,316,000
Outstanding Debt
$24,245,000

Revenue Sources

State Government Funds: $24,719,000 (23.1%) Local Taxes & Fees: $79,708,000 (74.4%) Federal Aid: $2,699,000 (2.5%)
State Government Funds $24,719,000 23.1%
Local Taxes & Fees $79,708,000 74.4%
Federal Aid $2,699,000 2.5%
Total Revenue $107,126,000 100.0%

Expenditure Allocation

Classroom Instruction: $59,316,000 (55%) Support Services: $39,483,000 (36.6%) Capital Outlays: $5,981,000 (5.5%) Other / Operations: $3,144,000 (2.9%)
Classroom Instruction $59,316,000 55%
Support Services $39,483,000 36.6%
Capital Outlays $5,981,000 5.5%
Other / Operations $3,144,000 2.9%
Total Expenditure $107,924,000 100.0%

Financial Comparison & Trends Chart

$0$9,000$18,000$27,000$36,000FY 2020 Revenue/Student: $24,667$24,667FY 2020 Expenditure/Student: $24,086$24,086FY 20203,690 stdsFY 2021 Revenue/Student: $26,555$26,555FY 2021 Expenditure/Student: $25,391$25,391FY 20213,572 stdsFY 2022 Revenue/Student: $29,439$29,439FY 2022 Expenditure/Student: $28,011$28,011FY 20223,496 stdsFY 2023 Revenue/Student: $29,960$29,960FY 2023 Expenditure/Student: $30,181$30,181FY 20233,447 stdsFY 2024 Revenue/Student: $30,952$30,952FY 2024 Expenditure/Student: $31,183$31,183FY 20243,461 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $31,183

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 3,461 $107,126,000 $107,924,000 $59,316,000 $5,981,000 $24,245,000
FY 2023 3,447 $103,273,000 $104,035,000 $57,606,000 $5,395,000 $26,790,000
FY 2022 3,496 $102,918,000 $97,927,000 $56,433,000 $3,926,000 $29,135,000
FY 2021 3,572 $94,855,000 $90,696,000 $51,100,000 $4,493,000 $31,300,000
FY 2020 3,690 $91,022,000 $88,877,000 $47,641,000 $7,506,000 $33,300,000