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NJ Regular Public School District 5 Schools

Penns Grove-Carneys Point Regional School District

Penns Grove, NJ 08069 • Salem County • 5 Operating Schools
(856) 299-4250
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 2,245 students
Census F-33 • FY 2024
Total Revenue
$65,849,000
Total Expenditure
$60,779,000
Classroom Instruction
$33,594,000
Outstanding Debt
$720,000

Revenue Sources

State Government Funds: $47,137,000 (71.6%) Local Taxes & Fees: $13,024,000 (19.8%) Federal Aid: $5,688,000 (8.6%)
State Government Funds $47,137,000 71.6%
Local Taxes & Fees $13,024,000 19.8%
Federal Aid $5,688,000 8.6%
Total Revenue $65,849,000 100.0%

Expenditure Allocation

Classroom Instruction: $33,594,000 (55.3%) Support Services: $21,156,000 (34.8%) Capital Outlays: $1,139,000 (1.9%) Other / Operations: $4,890,000 (8%)
Classroom Instruction $33,594,000 55.3%
Support Services $21,156,000 34.8%
Capital Outlays $1,139,000 1.9%
Other / Operations $4,890,000 8%
Total Expenditure $60,779,000 100.0%

Financial Comparison & Trends Chart

$0$8,500$17,000$25,500$34,000FY 2020 Revenue/Student: $21,604$21,604FY 2020 Expenditure/Student: $20,208$20,208FY 20202,233 stdsFY 2021 Revenue/Student: $21,604$21,604FY 2021 Expenditure/Student: $20,468$20,468FY 20212,238 stdsFY 2022 Revenue/Student: $25,967$25,967FY 2022 Expenditure/Student: $23,873$23,873FY 20222,219 stdsFY 2023 Revenue/Student: $28,400$28,400FY 2023 Expenditure/Student: $26,029$26,029FY 20232,214 stdsFY 2024 Revenue/Student: $29,331$29,331FY 2024 Expenditure/Student: $27,073$27,073FY 20242,245 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $29,331

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 2,245 $65,849,000 $60,779,000 $33,594,000 $1,139,000 $720,000
FY 2023 2,214 $62,877,000 $57,628,000 $32,854,000 $651,000 $1,080,000
FY 2022 2,219 $57,621,000 $52,975,000 $30,870,000 $304,000 $1,440,000
FY 2021 2,238 $48,350,000 $45,807,000 $26,805,000 $490,000 $1,800,000
FY 2020 2,233 $48,242,000 $45,124,000 $24,867,000 $682,000 $2,160,000