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NJ Regular Public School District 2 Schools

Hanover Park Regional High School District

East Hanover, NJ 07936 • Morris County • 2 Operating Schools
(973) 887-0320
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 1,331 students
Census F-33 • FY 2024
Total Revenue
$56,002,000
Total Expenditure
$55,144,000
Classroom Instruction
$26,334,000
Outstanding Debt
$46,925,000

Revenue Sources

State Government Funds: $10,835,000 (19.3%) Local Taxes & Fees: $44,128,000 (78.8%) Federal Aid: $1,039,000 (1.9%)
State Government Funds $10,835,000 19.3%
Local Taxes & Fees $44,128,000 78.8%
Federal Aid $1,039,000 1.9%
Total Revenue $56,002,000 100.0%

Expenditure Allocation

Classroom Instruction: $26,334,000 (47.8%) Support Services: $18,875,000 (34.2%) Capital Outlays: $4,998,000 (9.1%) Other / Operations: $4,937,000 (9%)
Classroom Instruction $26,334,000 47.8%
Support Services $18,875,000 34.2%
Capital Outlays $4,998,000 9.1%
Other / Operations $4,937,000 9%
Total Expenditure $55,144,000 100.0%

Financial Comparison & Trends Chart

$0$12,250$24,500$36,750$49,000FY 2020 Revenue/Student: $29,859$29,859FY 2020 Expenditure/Student: $26,373$26,373FY 20201,489 stdsFY 2021 Revenue/Student: $31,785$31,785FY 2021 Expenditure/Student: $27,660$27,660FY 20211,452 stdsFY 2022 Revenue/Student: $35,516$35,516FY 2022 Expenditure/Student: $32,669$32,669FY 20221,400 stdsFY 2023 Revenue/Student: $38,971$38,971FY 2023 Expenditure/Student: $36,422$36,422FY 20231,354 stdsFY 2024 Revenue/Student: $42,075$42,075FY 2024 Expenditure/Student: $41,431$41,431FY 20241,331 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $42,075

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 1,331 $56,002,000 $55,144,000 $26,334,000 $4,998,000 $46,925,000
FY 2023 1,354 $52,767,000 $49,315,000 $25,358,000 $2,429,000 $51,269,000
FY 2022 1,400 $49,722,000 $45,736,000 $24,829,000 $1,081,000 $10,010,000
FY 2021 1,452 $46,152,000 $40,163,000 $22,739,000 $349,000 $13,055,000
FY 2020 1,489 $44,460,000 $39,269,000 $21,566,000 $564,000 $16,000,000