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NJ Regular Public School District 2 Schools

Kingsway Regional School District

Woolwich Twp., NJ 08085 • Gloucester County • 2 Operating Schools
(856) 467-3300
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 3,024 students
Census F-33 • FY 2024
Total Revenue
$70,154,000
Total Expenditure
$64,377,000
Classroom Instruction
$35,278,000
Outstanding Debt
$22,580,000

Revenue Sources

State Government Funds: $33,744,000 (48.1%) Local Taxes & Fees: $34,672,000 (49.4%) Federal Aid: $1,738,000 (2.5%)
State Government Funds $33,744,000 48.1%
Local Taxes & Fees $34,672,000 49.4%
Federal Aid $1,738,000 2.5%
Total Revenue $70,154,000 100.0%

Expenditure Allocation

Classroom Instruction: $35,278,000 (54.8%) Support Services: $22,655,000 (35.2%) Capital Outlays: $383,000 (0.6%) Other / Operations: $6,061,000 (9.4%)
Classroom Instruction $35,278,000 54.8%
Support Services $22,655,000 35.2%
Capital Outlays $383,000 0.6%
Other / Operations $6,061,000 9.4%
Total Expenditure $64,377,000 100.0%

Financial Comparison & Trends Chart

$0$6,750$13,500$20,250$27,000FY 2020 Revenue/Student: $16,841$16,841FY 2020 Expenditure/Student: $17,051$17,051FY 20202,868 stdsFY 2021 Revenue/Student: $18,680$18,680FY 2021 Expenditure/Student: $17,193$17,193FY 20212,868 stdsFY 2022 Revenue/Student: $21,511$21,511FY 2022 Expenditure/Student: $20,320$20,320FY 20222,863 stdsFY 2023 Revenue/Student: $21,726$21,726FY 2023 Expenditure/Student: $21,332$21,332FY 20232,962 stdsFY 2024 Revenue/Student: $23,199$23,199FY 2024 Expenditure/Student: $21,289$21,289FY 20243,024 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $23,199

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 3,024 $70,154,000 $64,377,000 $35,278,000 $383,000 $22,580,000
FY 2023 2,962 $64,352,000 $63,185,000 $32,854,000 $2,834,000 $25,215,000
FY 2022 2,863 $61,585,000 $58,177,000 $32,548,000 $685,000 $27,830,000
FY 2021 2,868 $53,574,000 $49,309,000 $27,983,000 $849,000 $30,455,000
FY 2020 2,868 $48,300,000 $48,901,000 $24,235,000 $2,953,000 $32,134,000