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NC Regular Public School District 7 Schools

Newton Conover City Schools

Newton, NC 28658 • Catawba County • 7 Operating Schools
(828) 464-3191
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 2,678 students
Census F-33 • FY 2024
Total Revenue
$46,281,000
Total Expenditure
$46,541,000
Classroom Instruction
$20,365,000
Outstanding Debt
N/A

Revenue Sources

State Government Funds: $22,733,000 (49.1%) Local Taxes & Fees: $16,310,000 (35.2%) Federal Aid: $7,238,000 (15.6%)
State Government Funds $22,733,000 49.1%
Local Taxes & Fees $16,310,000 35.2%
Federal Aid $7,238,000 15.6%
Total Revenue $46,281,000 100.0%

Expenditure Allocation

Classroom Instruction: $20,365,000 (43.8%) Support Services: $13,029,000 (28%) Capital Outlays: $9,604,000 (20.6%) Other / Operations: $3,543,000 (7.6%)
Classroom Instruction $20,365,000 43.8%
Support Services $13,029,000 28%
Capital Outlays $9,604,000 20.6%
Other / Operations $3,543,000 7.6%
Total Expenditure $46,541,000 100.0%

Financial Comparison & Trends Chart

$0$5,000$10,000$15,000$20,000FY 2020 Revenue/Student: $10,496$10,496FY 2020 Expenditure/Student: $10,463$10,463FY 20203,001 stdsFY 2021 Revenue/Student: $11,497$11,497FY 2021 Expenditure/Student: $11,412$11,412FY 20212,888 stdsFY 2022 Revenue/Student: $12,870$12,870FY 2022 Expenditure/Student: $12,580$12,580FY 20222,870 stdsFY 2023 Revenue/Student: $13,528$13,528FY 2023 Expenditure/Student: $13,629$13,629FY 20232,856 stdsFY 2024 Revenue/Student: $17,282$17,282FY 2024 Expenditure/Student: $17,379$17,379FY 20242,678 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $17,379

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 2,678 $46,281,000 $46,541,000 $20,365,000 $9,604,000 N/A
FY 2023 2,856 $38,636,000 $38,925,000 $20,619,000 $2,395,000 N/A
FY 2022 2,870 $36,938,000 $36,104,000 $21,015,000 $868,000 N/A
FY 2021 2,888 $33,202,000 $32,958,000 $18,676,000 $1,838,000 $0
FY 2020 3,001 $31,499,000 $31,398,000 $18,306,000 $886,000 $0