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NJ Regular Public School District 1 Schools

Hopewell Township School District

Bridgeton, NJ 08302 • Cumberland County • 1 Operating Schools
(856) 451-9203
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 525 students
Census F-33 • FY 2024
Total Revenue
$12,771,000
Total Expenditure
$11,885,000
Classroom Instruction
$7,102,000
Outstanding Debt
$241,000

Revenue Sources

State Government Funds: $7,215,000 (56.5%) Local Taxes & Fees: $4,407,000 (34.5%) Federal Aid: $1,149,000 (9%)
State Government Funds $7,215,000 56.5%
Local Taxes & Fees $4,407,000 34.5%
Federal Aid $1,149,000 9%
Total Revenue $12,771,000 100.0%

Expenditure Allocation

Classroom Instruction: $7,102,000 (59.8%) Support Services: $3,633,000 (30.6%) Capital Outlays: $43,000 (0.4%) Other / Operations: $1,107,000 (9.3%)
Classroom Instruction $7,102,000 59.8%
Support Services $3,633,000 30.6%
Capital Outlays $43,000 0.4%
Other / Operations $1,107,000 9.3%
Total Expenditure $11,885,000 100.0%

Financial Comparison & Trends Chart

$0$7,000$14,000$21,000$28,000FY 2020 Revenue/Student: $19,451$19,451FY 2020 Expenditure/Student: $20,606$20,606FY 2020497 stdsFY 2021 Revenue/Student: $20,581$20,581FY 2021 Expenditure/Student: $19,859$19,859FY 2021496 stdsFY 2022 Revenue/Student: $23,798$23,798FY 2022 Expenditure/Student: $22,467$22,467FY 2022484 stdsFY 2023 Revenue/Student: $23,740$23,740FY 2023 Expenditure/Student: $23,181$23,181FY 2023515 stdsFY 2024 Revenue/Student: $24,326$24,326FY 2024 Expenditure/Student: $22,638$22,638FY 2024525 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $24,326

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 525 $12,771,000 $11,885,000 $7,102,000 $43,000 $241,000
FY 2023 515 $12,226,000 $11,938,000 $6,836,000 $333,000 $491,000
FY 2022 484 $11,518,000 $10,874,000 $6,194,000 $277,000 $776,000
FY 2021 496 $10,208,000 $9,850,000 $5,564,000 $268,000 $1,056,000
FY 2020 497 $9,667,000 $10,241,000 $5,330,000 $1,057,000 $1,331,000