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NJ Regular Public School District 16 Schools

Middletown Township Public School District

Leonardo, NJ 07737 • Monmouth County • 16 Operating Schools
(732) 671-3850
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 8,895 students
Census F-33 • FY 2024
Total Revenue
$267,777,000
Total Expenditure
$270,831,000
Classroom Instruction
$145,906,000
Outstanding Debt
$26,770,000

Revenue Sources

State Government Funds: $63,518,000 (23.7%) Local Taxes & Fees: $198,165,000 (74%) Federal Aid: $6,094,000 (2.3%)
State Government Funds $63,518,000 23.7%
Local Taxes & Fees $198,165,000 74%
Federal Aid $6,094,000 2.3%
Total Revenue $267,777,000 100.0%

Expenditure Allocation

Classroom Instruction: $145,906,000 (53.9%) Support Services: $79,082,000 (29.2%) Capital Outlays: $3,949,000 (1.5%) Other / Operations: $41,894,000 (15.5%)
Classroom Instruction $145,906,000 53.9%
Support Services $79,082,000 29.2%
Capital Outlays $3,949,000 1.5%
Other / Operations $41,894,000 15.5%
Total Expenditure $270,831,000 100.0%

Financial Comparison & Trends Chart

$0$9,000$18,000$27,000$36,000FY 2020 Revenue/Student: $21,213$21,213FY 2020 Expenditure/Student: $20,217$20,217FY 20209,587 stdsFY 2021 Revenue/Student: $23,404$23,404FY 2021 Expenditure/Student: $22,131$22,131FY 20219,218 stdsFY 2022 Revenue/Student: $25,272$25,272FY 2022 Expenditure/Student: $25,062$25,062FY 20229,150 stdsFY 2023 Revenue/Student: $26,435$26,435FY 2023 Expenditure/Student: $25,948$25,948FY 20238,993 stdsFY 2024 Revenue/Student: $30,104$30,104FY 2024 Expenditure/Student: $30,448$30,448FY 20248,895 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $30,448

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 8,895 $267,777,000 $270,831,000 $145,906,000 $3,949,000 $26,770,000
FY 2023 8,993 $237,732,000 $233,351,000 $146,479,000 $2,782,000 $32,065,000
FY 2022 9,150 $231,237,000 $229,316,000 $143,960,000 $3,423,000 $37,145,000
FY 2021 9,218 $215,741,000 $204,005,000 $128,874,000 $1,985,000 $42,005,000
FY 2020 9,587 $203,368,000 $193,817,000 $119,340,000 $3,018,000 $47,075,000